The Brutalist Report - tech
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- SK Hynix reports Q1 revenue up 198% YoY to ~$35.55B, vs. ~$36.2B est., and operating profit up 405% YoY to ~$25.4B, vs. ~$25.6B est., as memory prices rise (Dylan Butts/CNBC) [1d]
- Alibaba launches Qwen3.6-27B, an open-weight dense model with 27B parameters, saying it surpasses Qwen3.5-397B-A17B on major coding benchmarks (Qwen) [1d]
- Dune Analytics: Polymarket's global trading volumes have fallen behind Kalshi in recent months; sources: product delays are contributing to Polymarket's decline (Bloomberg) [1d]
- Kalshi suspends and fines congressional candidates Mark Moran of Virginia, Matt Klein of Minnesota, and Ezekiel Enriquez of Texas for political insider trading (Dan Mangan/CNBC) [1d]
- IBM reports Q1 revenue up 9% YoY to $15.92B, vs. $15.62B est., software revenue up 11% to $7.05B, and maintains FY 2026 guidance; IBM drops ~6% after hours (Jordan Novet/CNBC) [1d]
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