Tech news digest for Tuesday, July 7, 2026

Anthropic Expands Claude Cowork to Mobile and Web

Anthropic has launched its Claude Cowork AI agent on mobile and web platforms, allowing users to seamlessly start tasks on one device and continue them on another. This expansion enhances productivity by integrating chat and cowork features into a unified interface, while the desktop app remains essential for accessing local files and specific functionalities.

• 33.4% of Claude Cowork usage is for business process operations, according to early data analysis.
• The rollout will extend Claude Cowork's usage limits through August 5 to celebrate the launch.

Google's Pixel 11 and Watch 5 Event Set for August 12

Google has announced that its Pixel 11 and Pixel Watch 5 will be unveiled during a launch event on August 12, 2026, in New York City. The event is scheduled to start at 3 p.m. PT / 6 p.m. ET and will showcase the latest additions to the Pixel lineup, which are rumored to feature a Pixel Glow indicator and a thinner design for the Pixel 11 Pro.

• The Pixel 11 series will start at €999 in Europe, with the lowest storage option being 256GB and no 128GB model available.

Google Search Console Enhances Insights for Creators

Google has launched a new feature in its Search Console that allows creators to track traffic to their social media profiles, including YouTube, TikTok, and Instagram. This update aims to provide users with consolidated data and deeper insights into audience engagement across various platforms, enhancing their ability to measure performance.

• Platform properties in Search Console help users analyze search terms leading to their social accounts.
• Metrics such as clicks and impressions can now be accessed directly from the Search Console verification page.

Billionaire Jeffrey Talpins Highlights Top Stocks

Billionaire investor Jeffrey Talpins has identified several companies as top stock picks, including DuPont de Nemours, CME Group Inc., Micron Technology, and Alphabet Inc.. Each company has shown significant performance metrics, such as DuPont's $1.7 billion in Q1 net sales and Micron's 713% stock growth over the past year.

• CME Group Inc. shares have decreased by 16.3% over the past year, despite being highlighted by Talpins.
• Micron Technology reported $41.46 billion in revenue for its fiscal third quarter, surpassing estimates.

Samsung Hikes Prices on Galaxy A Series Again

Samsung has raised prices on several budget Galaxy smartphones in India, effective July 4. Notably, the price of the Galaxy A06 5G has surged by ₹4,500 since its launch last year, with the increases primarily affecting higher storage configurations.

• The price increase impacts various models in the Galaxy A series.
• The Galaxy A06 5G now costs significantly more than its initial launch price.

Chip stocks sell off after Samsung earnings fall short of high AI bar

Chip stocks experienced a significant selloff as investors reacted to Samsung Electronics' earnings report, which, despite showing a quarterly profit surpassing $1.8 billion, failed to meet the heightened expectations surrounding artificial intelligence demand. Shares of Samsung fell 8%, reflecting a broader market trend where beating earnings is insufficient to satisfy investor appetite in the AI sector. The decline also affected Korea's Kospi index, which dropped about 5%, and SK Hynix, which is set to list on Nasdaq, saw its shares decrease by 7%. Concerns are mounting that AI spending may not keep pace with skyrocketing memory prices, prompting price hikes from major companies.

• Micron Technology and Sandisk shares fell 8% and 5%, respectively, amid market selloff.

DHL Group raises earnings forecast after pre-tax income jumps 29%

DHL Group has increased its earnings forecast for 2026 following a robust second quarter, where pre-tax income surged by 29% and revenue grew by over 10% year over year. The company now expects its earnings before interest and taxes (EBIT) to exceed 6.5 billion euros, up from a previous estimate of 6.2 billion euros. This growth is attributed to improved demand compared to the same quarter in 2025, which faced challenges from tariffs and trade policy shifts, alongside ongoing savings from its Fit for Growth efficiency campaign.

• DHL Express reported an EBIT of $1.4 billion, nearly double from the previous year.
• The company attributed $171 million of EBIT to air cargo market capacity constraints.

Meta Platforms vs. Nebius: Which Is the Better Neocloud Stock?

Meta Platforms is positioned as a superior choice for retirement investors compared to Nebius Group, with a forward P/E of 19 and $44 billion in free cash flow. In contrast, Nebius, despite reporting an 841% growth in AI Cloud revenue, faced a 20% increase in adjusted net losses, driven by a significant non-cash accounting gain. Meta's robust financials, including a $1.52 trillion market cap and a fortress balance sheet, contrast sharply with Nebius's volatile stock performance, which saw an 18% drop in one week due to competitive pressures from Meta's cloud initiatives.

• Meta's forward P/E is 19, significantly lower than Nebius's 68.
• Morgan Stanley estimates Meta could add nearly $12 to its EPS by 2028 through leasing compute capacity.

J.P. Morgan raises Apple stock target to $345 despite hardware price hikes

J.P. Morgan has raised its price target for Apple stock to $345, maintaining a Buy rating despite recent price hikes on several products due to a market-wide memory shortage. Following a 6% dip after the announcement, Apple’s stock has rebounded nearly 15%, currently trading at $311.44, close to its all-time high of $317.40. The firm believes that historical sales data shows a limited relationship between pricing and sales volume, suggesting that consumers will continue to purchase Apple products regardless of price increases, particularly in the case of Macs, which may benefit from heightened demand tied to AI features.

• The report indicates that higher-end iPhone buyers are less sensitive to price increases.

Apple stops signing iOS 26.5.1 after critical security fix release

Apple has stopped signing iOS 26.5 and iOS 26.5.1, effectively preventing users from downgrading to these versions following the release of iOS 26.5.2 on June 29, 2026. This decision comes after a critical security update aimed at addressing vulnerabilities, particularly those related to AI-powered hacking risks. Apple typically halts signing older versions once newer updates are deemed stable, and iOS 26.6 is expected to be released later this month, with beta testing for iOS 27 already underway.

• iOS 26.6 beta 4 is currently available for developers, with a public release expected later this month.

Daily Spotlight: SpaceX Helps IPO Market Rebound

In Q2 2026, SpaceX played a pivotal role in revitalizing the IPO market, with a total of 48 companies completing initial public offerings, a 45% increase from 33 in Q1. The total capital raised reached $105 billion, significantly higher than the $10 billion raised in Q1 2026 and $7 billion in Q2 2025. SpaceX alone accounted for $75 billion of this total, while the remaining companies raised $30 billion collectively. Notably, the quarter featured 10 IPOs that each raised over $1 billion, a trend not seen since late 2021, indicating a potential shift in investor sentiment and market conditions.

• Ten IPOs in Q2 2026 raised $1 billion or more, marking the first occurrence since Q4 2021.
• Trends from SpaceX's IPO include eased lock-up restrictions and companies setting their own IPO prices.

OpenAI and Anthropic are giving away millions in computing power to attract startups

OpenAI and Anthropic are engaged in a competitive push to attract startups by offering substantial compute credits, with some startups receiving offers exceeding $3 million. This aggressive strategy aims to lock businesses into their ecosystems as both companies prepare for upcoming IPOs. Notably, Y Combinator startups are a primary focus, with OpenAI and Anthropic providing up to $500,000 in credits each, significantly increasing their previous offers. This trend reflects a broader discount war among cloud providers, including Google Cloud, Microsoft, and Amazon Web Services, all vying to secure early-stage companies as clients.

• Y Combinator companies are particularly targeted, with offers reaching $500,000 each.
• Anthropic's recent offer increased from $30,000 to $500,000 without equity requirements.

Trump Accounts, the Dow's latest record, Microsoft layoffs and more in Morning Squawk

President Donald Trump launched Trump Accounts on July 6, 2026, ringing the opening bell for the New York Stock Exchange and Nasdaq from the Oval Office. The initiative, aimed at encouraging investment among children, has already attracted over six million sign-ups, with projections estimating it will contribute nearly $20 billion to the U.S. stock market this year. Following the event, the Dow Jones Industrial Average surpassed 53,000 for the first time, driven by a broad market rally, including a 4% increase in Dell shares after Trump's endorsement of the company. Meanwhile, Microsoft announced it would cut 4,800 jobs, primarily in its Xbox division, as part of cost-reduction efforts.

Chinese lidar maker with Nvidia ties accused of being cyber risk for U.S.

Hesai Technology, a Shanghai-based lidar manufacturer, is expanding its presence in the U.S. despite being blacklisted by the U.S. Department of Defense in 2024 as a national security threat. The blacklist prohibits Hesai from securing Pentagon contracts but does not prevent U.S. companies from utilizing its technology. Hesai's partnership with Nvidia allows its lidar sensors to be integrated into autonomous vehicle systems, raising concerns among researchers and critics about potential cybersecurity threats, as these sensors could be compromised and used to access sensitive data. Hesai's CEO, David Li, defends the company, asserting that its products are safe and do not serve the Chinese military.

• Nvidia's automotive revenue increased by 39% in fiscal year 2026, partly due to partnerships like Hesai's.