Joby Aviation's stock dipped 1.4% to $9.86, influenced by renewed legal disputes in the electric air-taxi sector and the impending Russell index reconstitution. The lawsuits involve Joby, Archer, and Vertical Aerospace over trade secrets and aircraft design, while the Russell index changes compel passive funds to adjust holdings, affecting high-volume trading. Despite these pressures, Joby reported $24.2 million in Q1 revenue, mostly from passenger services through Blade, and made progress on FAA certification, though significant operating cash burn remains a risk.

Qualcomm is reportedly in advanced talks to acquire AI inference and compiler startup Modular Inc. for $4 billion. This acquisition aims to bolster Qualcomm's data center chip ambitions by providing a crucial software stack, including the MAX inference framework and Mojo programming language, to challenge Nvidia's dominance in AI infrastructure. The deal would be announced ahead of Qualcomm's Investor Day, demonstrating its commitment to expanding beyond mobile chips into the data center market by addressing the software challenges faced by developers.

PLDT's data center arm, VITRO, Inc., has filed for an initial public offering (IPO) to form the country's first digital infrastructure real estate investment trust (REIT), aiming to raise up to P24.2 billion. The proposed REIT will be backed by eight data center assets with a combined capacity of 27 megawatts, with proceeds intended to reduce ePLDT's debt and comply with REIT regulations. This move is expected to revive the domestic IPO market and offer investors exposure to the growing digital economy and AI demand.

Magnachip Semiconductor Corporation has introduced two new 6th-generation 600V Super Junction MOSFETs designed for AI servers, EV charging systems, and industrial power applications. These new products feature low on-resistance values and integrate a Zener diode for electrostatic discharge protection, with one model specifically incorporating a Fast Recovery Body Diode for high-frequency power conversion systems. The company's strategic positioning and recent product advancements, including new low-voltage and medium-voltage MOSFETs, have contributed to a positive investor response, with significant year-to-date stock returns.

US stock index futures declined on Monday evening, primarily driven by continued skittishness in the technology sector following significant losses in Alphabet and SpaceX. Investors are also monitoring ongoing U.S.-Iran peace negotiations, which have shown some progress, and upcoming economic data, including purchasing managers index data, revised GDP figures, and the PCE price index, for clues on interest rate policy.

NVE Corporation announced that Daniel A. Baker will retire as president and CEO effective August 6, 2026, and Peter G. Eames, currently vice president of advanced technology, will succeed him. Dr. Baker will become Chairman of the Board, and the Board will expand from five to seven directors, with Dr. Eames and Carolyn W. Valentine joining. This leadership transition aims to continue NVE's growth in advanced spintronics-based products.

Halper Sadeh LLC, an investor rights law firm, is investigating the sales of four companies—Roku, Simulations Plus, Nuvalent, and Dana Incorporated—for potential violations of federal securities laws and breaches of fiduciary duties to shareholders. The firm suspects that insiders may receive substantial financial benefits not available to ordinary shareholders and that the proposed transactions might limit competing offers. Shareholders are encouraged to contact Halper Sadeh LLC to discuss their rights and options.

Micron Technology's stock is gaining momentum after it announced a new partnership with AI safety and research company Anthropic. This collaboration aims to optimize Micron's memory solutions for Anthropic's AI model, Claude, potentially driving demand for Micron's high-bandwidth memory (HBM) and improving its position in the competitive AI market. The partnership is expected to accelerate advanced memory development crucial for future AI applications.

Oracle Corp. has reduced its workforce by 21,000 employees over the past 12 months, a figure larger than previously reported. The company attributed these job cuts, in part, to the adoption and deployment of AI technologies across its operations. Oracle explicitly stated in a financial regulatory filing that AI has resulted in workforce reductions and may continue to do so.

Halper Sadeh LLC, an investor rights law firm, is investigating the proposed sales of Roku, Inc. (ROKU), Simulations Plus, Inc. (SLP), Nuvalent, Inc. (NUVL), and Dana Incorporated (DAN) due to concerns that shareholders may not be receiving fair deals. The firm suggests that insiders might benefit substantially more than ordinary shareholders and that transaction terms could limit superior offers. Halper Sadeh LLC is encouraging shareholders to contact them to discuss their legal rights and options regarding these proposed acquisitions.