Google ($GOOGL) is developing "Frozen v2," a custom AI chip targeting a 2028 deployment to run Gemini models up to 10x more efficiently. Microsoft ($MSFT) is expanding its partnership with AMD ($AMD) to deploy Helios rack-scale systems and AMD-powered virtual machines on Azure starting in H2 2026. Archer ($ACHR) and Anduril unveiled "Thunder," an autonomous attack aircraft with a planned first flight in 2027.

CoreWeave ($CRWV) received a reiterated Buy rating from BofA with a $140 price target, while IREN ($IREN) raised its 2026 AI Cloud ARR target to over $4B. Micron ($MU) could potentially repurchase 40% of its shares by 2028 according to UBS, though Morgan Stanley prefers Nvidia ($NVDA) and Broadcom ($AVGO) for risk-to-reward. Bloom Energy ($BE) shares fell following regulatory permit rejections for a pipeline intended to supply an Oracle data center.

Intel ($INTC) is planning additional layoffs in its data center group to improve efficiency. In the options market, $NVDA, $TSLA, $AAPL, $MU, $MSFT, $AMZN, $INTC, $SPCX, $AMD, and $GOOGL were the most active tickers. Additionally, AUM in U.S. leveraged semiconductor ETFs has dropped 39% ($63B) from its June peak.