TechFlow Intelligence Bureau: Fighting between the US and Iran pushed Brent crude oil up 4% intraday, and SK hynix plunged 15.4%, setting its largest-ever single-day drop.

AI / Large Models

Claude Code sends 33k tokens just to read the prompt; OpenCode only needs 7k

Developer tests found that before executing, Anthropic’s Claude Code sends 5x the token overhead of its competitors, sparking efficiency doubts. Zig’s founder bluntly said “Anthropic is blowing smoke,” and the HN community’s 323 comments are hotly debating the cost blowout problem of code assistants.

Systima | Hacker News | Raymond Myers

Hot take: Claude hasn’t even finished gathering your requirements, and the bill has already ballooned 5x.

“OpenAI lawsuit” is getting uglier

Reddit r/artificial drew 410 upvotes as users discussed OpenAI court filings, saying the case trajectory is harmful to the company’s image.

Reddit

Migrate to GPT-5.6 in production: 2.2x faster, 27% lower cost

AI agent platform Ploy.ai shares measured data; the new model shows a clear cost-performance advantage under production workloads.

Ploy.ai

Anthropic’s annualized revenue reaches $30 billion; Q3 profit expected to exceed $1 billion

Industry rumors suggest that top AI labs’ profitability is far beyond what the outside world expects. DeepSeek and Zhipu are both developing custom ASICs to bypass Nvidia.

X/aleabitoreddit

Crypto / Web3

BlackRock’s BUIDL fund breaks $900 million on Avalanche, up 105% week-over-week

This fund represents nearly one third of its total size of $2.87 billion, contributing 43% of the total value of RWA on Avalanche. Institutional capital is choosing to deploy on public chains.

ChainGPT

On the Robinhood Chain launch week, agent trading volume hit $30 million

As its agent infrastructure, Virtuals has spawned agent clusters for trading, privacy, RWA, and prediction. Consumer finance is entering the agent era.

Virtuals

Chips / Hardware

Nvidia roadshow: quarterly revenue nearing $33k; Rubin Ultra not delayed

Huang Renxun personally debunked three major negative points, stressing that growth is still accelerating to steady the mood of value investors.

Wall Street Insights | Jiemian News

SK Hynix forecasts HBM prices to double in 2027; memory shortages may persist beyond 2030

The CEO warned of structural supply bottlenecks. Half of global DRAM capacity is already locked in by major firms. HBM4 prices are expected to rise to $4–5 per gigabit in the second half of this year.

X/aleabitoreddit

Hot take: The best time to buy memory sticks was three years ago; the second-best time is now.

TSMC CoWoS: 2027 monthly production capacity target of at least 200k wafers

Advanced packaging demand continues to surge, and the supporting supply chain is entering an expansion race.

X/aleabitoreddit

Samsung Electronics: production start time for the first chip factory in Yongin moved up to 2029

It’s also developing an AI PC-dedicated chip GAIA, already supplying samples for testing to Lenovo and HP.

X/aleabitoreddit

TSMC plans to expand photonic integrated circuit production capacity by 30x in 2028

Monthly output will rise from 500 chips to 25,000 chips, betting on the arrival of the optical computing era.

X/aleabitoreddit

Tech companies

Musk says SpaceX’s target market value exceeds that of the entire Earth

Zhihu: 1.1 million heat discussions. Behind the SpaceX listing rumor, senior analysts warn that retail investors will lose everything, arguing it’s only worth $30 per share.

Zhihu | Jiemian News

Google offers a $250k bounty for a Linux virtual machine escape vulnerability

This high-severity flaw allows customers’ virtual machines to escape to the host machine. Two Linux security issues emerged this week.

Ars Technica

US stocks

Fighting between the US and Iran led to broad declines in pre-market US stock storage chip shares; SK Hynix plunged 15.4%, the biggest drop in history

The Netherlands’ semiconductor “big three” ASML, ASMI, and Besi all fell 2–3% in tandem. South Korea’s KOSPI fell 5.04% overnight. Samsung Electronics dropped 5.7%. Geopolitical risk combined with the chip cycle triggered panic selling.

Wall Street Insights | X/FirstSquawk | X/opinionlabsxyz

Finance / Macro

Brent crude jumps 3% at the open, briefly up 4% intraday; after US-Iran exchanges, the Strait of Hormuz becomes the focus

In the past 24 hours, there have been no visible inbound oil tankers. Iran’s Revolutionary Guards claim they hit US military bases in Bahrain and Jordan’s Air Force bases, while Jordanian forces intercepted 4 missiles. Oil price war risk premia are back; global stock markets are under pressure.

FT | X/zerohedge | X/staunovo

Hot take: If you block the Strait of Hormuz, global inflation expectations immediately revive.

Goldman Sachs: “Rotational signals” appear in Chinese stocks; A-share hard tech still holds an advantage, and H-share internet profits are repairing

Institutions see an opportunity for valuation repair in Hong Kong’s internet sector.

Wall Street Insights

Korean central bank: the AI-driven chip supercycle will continue

Despite the plunge in the “storage two heroes,” the central bank reiterated that the long-term logic hasn’t changed.

Jiemian News

New products / New trends

Leaked drone surveillance footage from San Francisco police exposes a new reality of city monitoring

A Wired report shows the extent of drone deployment by law enforcement far exceeds public understanding, and privacy boundaries are sparking renewed debate.

Wired

The dark lines of today

Storage chips plunging, oil prices surging, AI models clashing—on the surface they seem unrelated, but they all point to the same underlying anxiety: the supply chain. HBM capacity is locked until 2030. When the Strait of Hormuz is blocked, the world’s energy artery collapses. Claude Code ballooning 5x tokens shows that large models are still in the stage of “wasting compute.” In the tech-charged year 2026, the bottleneck isn’t innovation—it’s the pipelines, wafers, and straits in the physical world.