BofA raises AMD’s price target, stating that AI server demand continues to push up growth expectations.

According to Alchemy data, developer activity on Robinhood Chain has risen to second place in the public blockchain rankings, second only to Ethereum. Base, Polygon, and BNB Chain rank third, fourth, and fifth respectively.

Micron announced it has signed Strategic Customer Agreements (SCAs) with key technology suppliers supporting the automotive ecosystem, including Qualcomm, Visteon, Harman, Joyson Smart Driving, Denso, Aisin, and Hyundai Mobis. These agreements are part of the SCAs Micron referenced during its Q3 Fiscal Year 2026 earnings call. By enhancing supply and pricing certainty, the deals will support investments in the development, certification, and manufacturing capabilities required for future automotive platforms, helping ensure advanced automotive systems have the memory and storage capacity needed to deliver richer, safer, and smarter experiences.

Base-based meme token Brain (dubbed "Coinbase Man") briefly hit a market capitalization of $30 million, marking an all-time high, before pulling back to around $20.14 million. The token has posted a 24-hour price surge of over 3800%, with 24-hour trading volume standing at roughly $29.5 million. Built on Base’s Beryl upgrade, Brain uses the network’s native B20 token standard, and its name derives from Coinbase CEO Brian Armstrong. The main catalyst for the token’s rising popularity is Armstrong’s recent update to his X profile picture, which closely matches Brain’s token icon—sparking community speculation and fueling rapid trading activity. Currently, Brain has around 8,850 holding addresses, with the top 10 holders accounting for approximately 12.68% of its total supply, and liquidity of roughly $568,000. BlockBeats warns that meme coins are highly volatile, driven primarily by market sentiment, community hype and narratives, and lack stable fundamental support, urging investors to exercise caution.

TD Cowen raises its price target for TSMC (TSM.N) from $400 to $440.

JPMorgan Chase has cut IBM (IBM.N) price target from $291 to $250.

Bank of America’s July Global Fund Manager Survey shows investors hold conflicting views on AI semiconductor trades: most have not yet bet the cycle is ending, but a growing number see the trade as overcrowded. The survey found 82% of participating fund managers view "going long on global semiconductors" as the world’s most crowded trade, a new record. Meanwhile, allocations to tech stocks fell from a net 26% overweight to a net 18% overweight, indicating investors are trimming some long positions but not yet turning bearish. The survey also showed 61% of investors do not expect hyperscalers to announce capital expenditure cuts this year. BofA’s survey further noted that an AI bubble has become one of the largest tail risks, with the share of respondents citing it rising from 28% in June to 45% in July. However, only a portion of investors believe AI stocks are already in a bubble phase; most still view them as being in a "boom phase" — where momentum continues to attract capital inflows, though position and valuation risks are rising. The survey was conducted from July 2 to July 9, covering 210 fund managers who collectively oversee approximately $555 billion in assets.