"We saw a significant reduction in near-term industry bit demand, primarily attributable to end demand weakness in consumer markets," said CEO Sanjay Mehrotra.

Consumer prices soared 8.6% in the 12 months through May, a 40-year high.

The legendary short seller has just bet against REITs that own data centers because they are at the mercy of the three tech giants.

Axios reported late Monday that tech buyout group Joffre Capital is seeking a majority stake in the online casino video game group.

Tesla will publish Q2 deliveries over the coming days following the biggest three-month decline on record for shares of the world's most-valuable carmaker.

"Given the environment and market volatility, the Board determined that it simply was not prudent to continue pursuing a deal," said chairman Peter Boneparth.

GM said chip shortages and supply chain snarls left nearly 100,000 vehicles unfinished over the second quarter.