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Aug 7 — SpaceX selloff, Google exits, Korea bear market
• SpaceX shares fell 14% after its first earnings report revealed a sixfold jump in capex, mostly toward AI — investor fatigue with hyperscaler spending is now hitting private-market giants. • Jeff Dean, Sanjay Ghemawat, Quoc Le, and Oriol Vinyals left Google to found Discovery Loop — the exit of four AI legends sent Alphabet down over 5% and reshapes the top of the AI stack. • SK Hynix and Samsung dragged Korea's Kospi down 4.6%, extending its decline from the June peak to 31% — a bear market in a key AI supply-chain hub with spillover risk for global tech.
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