Partners: Dell PowerStore On Nutanix Cloud Platform Provides A More Robust VMware By Broadcom Alternative

SK Hynix’s board approved Aug 7, 2026 capital of ₩54.3T ($38.0B) for two South Korea fabs. Yongin Y2 DRAM fab gets ₩35.2T ($24.6B) and Cheongju M17 NAND fab gets ₩19.1T ($13.4B). First meaningful output is no earlier than 2029. Article cites US has no HBM wafer capacity and packaging grants cover assembly, not wafers.

Virgin Galactic (SPCE) rose over 36% to a 52-week high of $6.61 after a filing showed RichRich Capital LLC disclosed a 5.26% stake. Ford (F) climbed nearly 5% to $17.78 after Wall Street raised price targets tied to its $2 billion battery subsidiary. Dell (DELL) jumped over 32% to $429.15 after strong fiscal Q1 results and raised targets; adjusted EPS was $4.86 on $43.8B revenue.

Wall Street rose after the U.S. jobs report showed employers cut 23,000 jobs in July, surprising markets and pushing Treasury yields lower. The S&P 500 gained 0.6% to 7,757.64, the Dow rose 0.3% to 54,036.93, and the Nasdaq climbed 1.3% to 26,690.62. Nvidia and Broadcom rose, and Airbnb jumped 17.4% after results. Brent crude rose 1.3% to $83.55.

AP reports US stocks rose and Treasury yields fell after employers cut 23,000 jobs in the latest month, with June and May payrolls revised down by 103,000. The S&P 500 gained 0.6%, Dow 0.3%, Nasdaq 1.3%. The 10-year yield fell to 4.64%. Nvidia and Broadcom rose; Airbnb jumped 15.5% after results. Brent rose 1.3% to $83.55.

Dell Technologies shares closed near $467 Tuesday, up almost 9% and reaching an all-time high after briefly trading around $476. The YTD gain exceeds 260%, supported by AI server demand, with Dell reporting $16.1B in AI server revenue in fiscal Q1 and raising its full-year AI server forecast to $60B. Dell also said Volta selected it for a 133 MW AI factory, while President Trump urged purchases of Dell.

AMD shares fell about 6% after Q2 results and Q3 revenue guidance of about $13B missed whisper estimates near $14B, despite record quarter. AMD reported Q2 revenue of $11.5B and non-GAAP EPS of $1.66, with data center revenue $6.7B. NVIDIA rose about 4% after SpaceX named it exclusive AI chip supplier. Analysts raised AMD price targets.