Beijing AI startup Moonshot is looking to push its Kimi K3 model into the U.S. market and is discussing revenue-sharing arrangements tied to K3 services on Microsoft Azure, Amazon Web Services and Google Cloud. The company is seeking as much as 30% of the revenue generated from those services, Reuters reported. Kimi K3 has 2.8 trillion parameters and has posted strong results in independent evaluations, but its heavy computing needs make in-house deployment difficult for many enterprises. The proposed split is broadly in line with terms Moonshot has discussed with other large customers.

December arabica coffee futures fell 4.35% and November robusta coffee futures slipped 2.30%, with both contracts hitting one-week lows. Brazil’s Cooxupe cooperative said 87.5% of its harvest was complete as of Aug 21, up 6 points from the prior week. Safras & Mercado reported that Brazil’s 2026/27 coffee harvest was 90% completed as of Aug 12. Expectations for larger Brazilian supplies weighed on prices.

Broadcom’s management expects AI semiconductor revenue to exceed $100 billion in fiscal 2027, a sharp step up from the $56 billion it is forecasting for fiscal 2026. In fiscal 2026’s second quarter, the company posted $10.8 billion in AI semiconductor revenue, up 143% year over year.

Europe’s surge in energy prices after the Iran conflict disrupted supply has revived inflation worries. Data show European gas storage is only about 63%, leaving policymakers and bond investors more focused on rising natural gas prices than higher crude futures. A sharp jump in gas prices could add to inflation and push the European Central Bank toward more rate hikes than markets expect, after its first increase in June and with another move anticipated in September.

Michael Burry’s fund has fully exited its Alibaba stake as the company moved to raise about $10.2 billion through a discounted share placement to fund AI and cloud infrastructure. The financing announcement sent Alibaba shares down 8.5% in a single session. The stock is down about 18% so far in 2026, and the company trades at roughly 27.2 times trailing earnings.

U.S. inflation as measured by the personal consumption expenditures price index rose to 3.7% year on year in July, up from 3.6% a month earlier, while core PCE held at 3.3%. After the release, market pricing for a September Federal Reserve rate increase firmed as traders raised their bets. Fed Chairman Kevin Warsh has pledged to curb inflation but has offered no clear signal on the interest-rate path.

India’s Bharat Electronics (BEL) said it has secured a new order worth ₹73 billion. The announcement is expected to put the stock in focus on Thursday. The shares have rebounded 8% in August, reversing an earlier decline.

Western Digital shares have fallen 45% from their recent high, but the company’s fundamentals remain solid. Revenue climbed 36% to $12.9 billion, while gross margin rose to 49.1% and operating margin widened 1,290 basis points to 37.3%. EPS more than doubled to $10.22 and free cash flow reached $3.5 billion. Management forecast next-quarter revenue of about $4.1 billion, roughly 45% YoY growth, with gross margin of 55% to 56% and EPS of about $4 versus $1.78 a year earlier.