South Korean e-commerce giant Coupang has confirmed a massive data breach exposing the personal information of 33.7 million customers. The incident, which began in June 2025, is one of the largest in the nation's history and is linked to a former employee's active credentials.
Abu Dhabi-based Kingpin has secured US$3.5 million in seed funding to scale its AI-native SaaS platform for global B2B retail distribution. The investment will fuel expansion into Europe and North America, targeting entrenched inefficiencies in wholesale trade with intelligent automation.
A series of cyber attacks on Australian defence supply chain contractors has exposed sensitive material relating to major weapons programs, including the Redback infantry fighting vehicle.
Nvidia's stock surged 9% following strong earnings and a 10-for-1 stock split announcement, boosting its AI leadership. Analysts anticipate major AI developments from Apple at the upcoming Worldwide Developers Conference.
During Thursday’s session, Nvidia saw its stock soar over 9%, driven by robust guidance and an impressive earnings beat.
This surge was further fueled by the announcement of a 10-for-1 stock split. Even in extended-hours trading, Nvidia (NVDA) shares continued their upward trajectory, solidifying the chip giant's dominant position.
Nvidia has emerged as a key indicator for the broader market and stands as the de facto leader among the "Magnificent Seven."
Lou Basenese, President and Chief Market Strategist at Public Ventures, provided insights during the after-hours trade, analysing Nvidia's earnings and its potential to maintain this momentum.
Despite surpassing Wall Street's expectations, Basenese noted that the extent of Nvidia's earnings beat—approximately 8%—was the smallest in the company's history. He cautioned,
"Expectations at some point are going to get too far ahead of what Nvidia can deliver, but it's not yet."
Basenese also projected that Nvidia could become the next $3 trillion market cap company. However, for investors looking for a tenfold return, he suggested exploring smaller-cap stocks.
He remarked that among the "Magnificent Seven," Alphabet (GOOG, GOOGLE) offers the most reasonable valuation.
He praised Nvidia's stock split as a "brilliant move psychologically," making the stock more appealing at a lower price, though it does not alter the company’s fundamental metrics.
For those eyeing the AI sector, Basenese highlighted Microsoft's (MSFT) prowess in pushing AI products to create demand.
He also identified Apple (AAPL) as a "sleeper AI play," stating,
"Apple is kind of perceived as they missed the boat ... they're never first or second to market. They come in later, but then they go. They come in late, but they end up being the leader."
With two billion active devices, even minor AI enhancements could have a significant impact.
Legendary investor Steve Eisman also pointed to Apple as a potential AI winner. Speaking to CNBC, Eisman said,
"I think Apple is actually the hidden AI play. Not exactly today, but will be."
He emphasised that while the current focus is on chips and the cloud, the real game-changer will be consumer apps, which people will want to use on their Apple devices.
Eisman, renowned for his role in the 2008 subprime mortgage short depicted in "The Big Short," has been bullish on AI.
He stated that semiconductor companies like Nvidia and AMD are currently the easiest ways to invest in AI. However, he believes that in the long run, Apple will be the central hub for AI-driven software, boosting its product ecosystem.
"I know for sure that when all those apps come on, I'll need a new phone, and I'll need a new iPad, and I'll need a new laptop," Eisman added. "So when the apps show up, the biggest beneficiary is going to be Apple, because they're going to have a refresh of literally everything that they sell."
Other Wall Street analysts share Eisman’s optimism. Apple’s CEO Tim Cook hinted at exciting opportunities related to generative AI during the company’s earnings call.
This has led analysts like Bernstein's Toni Sacconaghi to predict that an AI-enabled iPhone could be on the horizon, potentially arriving with the iPhone 16.
Apple has had a challenging start to 2024, facing competition in China and other headwinds. However, the company's stock has surged over 16% in the past month.
Eisman noted that the software revolution driven by AI could also benefit other tech giants like Microsoft. More clarity will emerge as AI-driven apps start hitting the market.
Looking ahead, Apple could receive a significant boost at its Worldwide Developers Conference on June 10th, where an AI partnership with Google might be unveiled.
Oracle has become a test of how much debt markets will tolerate in the AI buildout. Rising credit costs and growing use of swaps show investors backing the AI story while seeking protection in case promised workloads and cash flows fail to arrive on time.
NVIDIA’s staggering 57 billion quarter didn’t just calm the market, it rewrote the AI story. What looked like a bubble unwind now looks like a misread. With sovereign AI deals, a Saudi megacentre and a global capex surge, NVIDIA has reset the race and reminded investors this era is only beginning.
NVIDIA’s blockbuster quarter has reset the AI narrative, turning fears of a bursting tech bubble into renewed conviction in a structural shift. With record data-centre sales and sold-out Blackwell GPUs, NVIDIA now looks less like a chip stock and more like core AI infrastructure in the AI build-out
Australia stands at a digital crossroads as leaders race to turn AI ambition into real infrastructure. With global rivals surging ahead, the question is whether policy, power and capital can finally align to secure true AI sovereignty.
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