Business & Markets — July 30, 2026

Jersey Mike's IPO draws heavy demand. Investor demand for the sandwich chain's NYSE debut reportedly exceeds the total available shares by more than 10 times ahead of its listing.

Inc. · Read more →

Qualcomm to raise chip prices. The chipmaker will increase prices on all its processors starting September 1 as the global memory crunch drags on. Your next phone will likely cost more.

The Verge · Read more →

Samsung mobile posts first-ever loss. Rising memory prices pushed Samsung's mobile division to its first loss on record. Yet AI demand is boosting its chip business -- and the crunch is expected to last until 2028.

Engadget · Read more →

AI trade splits Big Tech earnings. Microsoft rose about 9% on strong Azure and Copilot growth. Meta fell nearly 9% after missing revenue guidance as its AI spending soared.

CNBC reported that Meta's free cash flow plunged alongside its missed revenue guidance, underscoring the scale of the company's artificial intelligence outlays. Microsoft's gains, by contrast, were tied to growth in its Azure cloud unit and Copilot products. The opposite stock reactions to the two overnight reports show investors differentiating among major technology companies based on AI results rather than trading the group as a single bloc.

CNBC Top News · Read more →