Tiger Global Management made broad portfolio changes in the second quarter, according to a BlockBeats brief published on Aug. 15. On the selling side, the fund cut its holdings in Broadcom by 51.1% to 1.8 million shares, Alphabet Class A by 45.4% to 5.8 million shares, and Taiwan Semiconductor Manufacturing by 12.3% to 4.9 million ADS. It also reduced Microsoft to 2.3 million shares, Meta Platforms Class A to 2.8 million shares, Nvidia to 11.2 million shares, and JD.com to 201,500 ADS. On the buy side, Tiger Global raised its Intel position to 4.3 million shares and opened new stakes in AMD and SpaceX. The new positions were 674,000 shares of AMD and 375,000 shares of SpaceX. The fund also fully exited Netflix during the quarter.

U.S. stocks opened with mixed moves, according to data from MSX.COM. The Dow Jones Industrial Average fell 0.24%, while the S&P 500 gained 0.07% and the Nasdaq added 0.21%. The VIX volatility index slipped 0.82% at the open. AI-related stocks broadly moved higher. AeroVironment led the group with an 8.52% gain, followed by Micron at 2.56%, AMD at 1.79%, SAP at 1.77%, and CoreWeave at 1.57%. The update also noted that MSX is a major RWA trading platform. It has listed hundreds of RWA tokens tied to popular U.S. stocks and ETFs, including Nvidia, GOOGL, MSFT, AMZN, META, TSM, and AMD. The figures were cited by Odaily in a market brief on the U.S. opening bell.

Gate said it will upgrade the Gate Card points rewards program on Aug. 14, 2026, broadening the range of assets users can redeem with accumulated points. The current lineup, which has mainly supported USDT and GT, will be expanded to include USDT, GT, BTC, ETH, GUSD, tokenized stock assets tied to Nvidia, Apple, Google, SpaceX, Tesla, Micron Technology, SanDisk and SK Hynix, as well as the gold-backed stablecoin XAUT. According to the announcement, the newly added tokenized stock products span sectors such as AI, semiconductors and consumer technology. Gate said users who earn points through eligible daily spending will be able to redeem them for mainstream crypto assets including BTC and ETH, or for tokenized equity-style assets linked to companies such as Nvidia, Apple, Tesla and SpaceX. The core redemption rule will stay the same at 100 points for assets worth 1 USDT, and points will continue to have no expiration date. Gate also said the original points earning mechanism will remain unchanged, with cashback from eligible Gate Card spending still calculated based on T0–T5 and VIP tiers.

AI-related U.S. stocks showed mixed moves in premarket trading, according to data cited by Odaily from MSX.COM. Among the names mentioned, CRWV fell 2.60%, while MRVL gained 0.42%. ANET slipped 0.22%, GOOGL rose 0.48%, and MU edged down 0.20%. Odaily also noted that MSX.COM is a decentralized real-world asset, or RWA, trading platform. The platform has cumulatively listed hundreds of RWA tokens tied to U.S. stocks and ETF underlyings. Examples cited in the report include AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA. The update was published as a brief market snapshot and focused on the premarket performance data alongside a short description of the platform providing the figures.

U.S. stocks closed mixed on the day, with the Dow down 0.04%, the S&P 500 up 0.26%, and the Nasdaq up 0.54%. The VIX fell 4.78%. AI-related stocks rallied, led by CoreWeave's 19.28% jump. Supermicro rose 19.02%, Dell gained 9.87%, Arista Networks advanced 6.39%, and Teradyne climbed 6.11%. MSX, a leading RWA trading platform, has listed hundreds of tokenized RWA products covering popular U.S. stocks and ETFs, including Nvidia, GOOGL, MSFT, AMZN, META, TSM, and AMD.

BlockBeats reported, citing Reuters, that Google’s parent company Alphabet is carrying out a sweeping leadership overhaul at Google DeepMind. Some teams will move from DeepMind into the broader Google organization, a change that would further reduce the lab’s autonomy. Sources said co-founder Sergey Brin has spent months pressing core AI staff to focus on Gemini and push research into areas such as “recursive self-improvement.” Under the new structure, DeepMind leader Demis Hassabis becomes chairman, and his deputy Koray Kavukcuoglu takes over leadership responsibilities. Google said Kavukcuoglu will have final say on major DeepMind decisions. Internal tests reportedly show the newest Gemini flagship model still lags competitors on coding and other tasks, so Google has postponed its release by two months. The report describes Alphabet’s move as an attempt to accelerate AI commercialization and win back a competitive edge in models. Some employees, however, worry that DeepMind’s long-term research autonomy could decline further. The report was published on Aug. 13.

Wall Street is no longer grading the AI trade on demand headlines alone. The focus has moved deeper into cash flow, capital intensity and the pace at which AI spending turns into revenue and returns. That shift was visible on Aug. 10, when NVIDIA unveiled a plan to work with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR on an independent compute financing platform intended to mobilize more than $500 billion of third-party capital for AI infrastructure. The stock still fell 2.86% that day, with more than $70 billion in market value erased. Recent earnings reactions tell the same story. Alphabet reported 24% revenue growth and 82% growth in Google Cloud revenue, yet its shares fell 7.13% after results as free cash flow turned negative for the first time in a quarter since listing. Microsoft, by contrast, posted 18% revenue growth, stronger operating cash flow, $19.6 billion in free cash flow, 43% Azure revenue growth and a larger backlog, and its shares rose more than 15%. Meta, Apple, Micron, SanDisk and Western Digital added more evidence that investors are no longer rewarding AI spending automatically. They are asking which companies can fund the buildout, how quickly those investments convert into sales and cash, and whether future returns can justify the scale of capital being committed.

On August 12, 2026, MSX.COM, a decentralized real-world asset (RWA) trading platform, released data showing that US-listed AI concept stocks were broadly higher in pre-market trading. MRVL rose 3.29% to top the list of gainers. KLAC advanced 2.36%, ARM gained 1.7%, AMD added 1.03%, and AMZN rose 0.42%. The platform also noted that it has listed several hundred RWA tokens covering major US equities and ETFs, including AAPL, AMZN, GOOGL, META, MSFT, NFLX and NVDA. Odaily, a crypto news outlet, carried the figures in its news flash.