Grayscale Bittensor Trust issues 296,200 shares in private placement for $1.31 million

Marvell Technology announced its Q2 financial results, with revenue up 37% year-over-year to $2.74 billion and adjusted earnings per share at $0.94, both slightly exceeding expectations. Revenue from the data center business grew 46% to $2.2 billion, serving as the main growth driver. The company's Q3 revenue guidance is $3.15 billion, well above market expectations. Despite the strong performance, the stock price fell about 1.7% after hours, as it had already risen 184% this year and market expectations were high.

The U.S. goods trade deficit sharply increased by 17.2% in July to $118.8 billion. The widening deficit was mainly driven by imports, with goods imports up 3.7% in July. The capital goods category—which includes computers, accessories, and semiconductors—recorded its largest monthly increase since 1993. Analysts point out that the unexpected expansion of the trade deficit will weigh on Q3 GDP growth; however, this reflects strong market demand for AI products rather than weakness in the U.S. economy.