Rakuten Wallet Adds Shiba Inu to Its Physical Collectible LineupJapanese tech giant Rakuten Wallet has unveiled a physical Shiba Inu ($SHIB) commemorative coin, marking the fifth entry in its branded Real Coin series. Unlike previous releases in the series, which included Bitcoin, Ethereum, and XRP, the Shiba Inu coin is the first to use sandblasting technology, known as a blast finish. The result is a premium matte texture and unique tactile properties that earned the souvenir 100% approval from the company's employees during internal office testing.
The coin is a souvenir item, not a blockchain asset. Rakuten Wallet framed it as part of its offline engagement strategy, where users can see and handle crypto-themed replicas at events.
A Retail Push Aimed at 44 Million UsersRakuten Wallet is launching the physical Shiba Inu souvenir coins for its 44 million users to promote offline retail interaction, with the metal coins set to be given away for free at events. The firm believes that introducing metal keepsake coins could help cautious Japanese consumers become more comfortable with crypto assets.
Millions of Japanese users can also convert their loyalty points, known as Rakuten Points, into SHIB and spend them through the Rakuten Pay payment system at 5 million retail locations across the country. Rakuten is seeking to establish itself as the country's leading retail gateway before major investment funds are legally allowed to enter the market.
The physical coin campaign also sharpens Rakuten's rivalry with domestic competitors. Mercari has already integrated SHIB trading into its consumer-to-consumer app, allowing 23 million customers to buy the token from as little as 1 yen. According to Mercoin's financial reporting, this approach helped it attract 4 million users, and for 85% of them, it was their first experience with digital assets.
The broader push into meme token retail sits on firm regulatory ground. Japan's Virtual and Crypto Assets Exchange Association (JVCEA) officially recognised SHIB as an approved asset in November 2025, clearing the way for broader commercial and promotional usage of the token. Last month, Japan's House of Representatives also passed a bill that moves crypto regulation from the Payment Services Act to the Financial Instruments and Exchange Act.
Sources:
U.Today: Japan's E-Commerce Giant Rakuten to Give Away Physical Shiba Inu Coins to 44 Million Users
Crypto.news: SHIB Gains Japan Retail Push Through Rakuten Wallet
CoinTurk: SHIB Enters the World of Physical Coins in Japan
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After falling about 33% from its most recent local peak, Cash Cat has entered a severe corrective phase. The market capitalization of the Noxa-affiliated meme coin is currently close to $89 million, which is significantly less than the $200 million+ valuation it momentarily attained during its explosive growth.
CASHCAT's top was foundAccording to the four-hour chart, CASHCAT first rose nearly vertically, going from a negligible capitalization to more than $100 million before reaching an all-time high of about $234 million. But near the top, the token was unable to create steady support. Sellers seized control and pushed the asset back toward the $100 million range after multiple erratic attempts at recovery. Right now, this decline doesn't look like a small pullback in a sound uptrend.
Source: gmgnSince the peak, CASHCAT has experienced a series of lower highs, and each subsequent rebound has sparked fresh selling. Additionally, trading volume increased during a number of bearish candles, indicating that holders were not merely waiting out brief volatility but were actively exiting their positions. The most crucial immediate support range is currently the capitalization zone between $90 million and $100 million.
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Typical memecoin structureThis area is already being tested by CASHCAT, and a significant drop below it could expose the token to yet another significant decline. The next discernible demand area is closer to $70 million to $80 million, but because the asset appreciated so quickly, the chart offers little historical structure.
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An additional degree of risk is created by CASHCAT's affiliation with Noxa. The token, which came from the Noxa ecosystem, is said to have contributed significantly to Noxa's demise. In particular, that association might continue to affect sentiment if traders start to doubt liquidity, insider activity, or the sustainability of the earlier valuation increase.
If CASHCAT stays above the current range and recovers to about $120 million, a recovery is still feasible. The current bearish structure would be broken, and a move toward $140 million to $160 million might be possible.
But as of right now, buyers haven't shown enough strength to trigger this kind of reversal. The 33% drop might not be the ultimate bottom because CASHCAT is still far below its all-time high and selling pressure remains evident. Another leg downward would be much more likely if the current support zone were to disappear.
The U.S. government has transferred nearly $250,000 worth of Shiba Inu tokens seized from the collapsed cryptocurrency exchange FTX.
The transactions, first flagged by blockchain analytics platform Arkham Intelligence, have sparked speculation that the assets are being repositioned as part of the ongoing FTX bankruptcy recovery process.
U.S. Government Transfers Nearly 55 Billion SHIB According to Arkham Intelligence, the U.S. government executed the Shiba Inu transfers in two separate transactions.
The first and largest transfer moved 54.89 billion SHIB, valued at approximately $235,500, to an unlabeled wallet address. Authorities then sent an additional 2.32 million SHIB to the same destination wallet. Overall, the government moved a total of 54,897,092,652 (54.89 billion) SHIB tokens.
US Government Transfers Shiba Inu On-chain data shows that the original U.S. government wallet no longer holds any SHIB after the transfers. Meanwhile, the receiving wallet now contains 54.89 billion SHIB, with SHIB representing the wallet’s only asset.
The SHIB transfers were not the only transactions recorded by Arkham Intelligence. Blockchain data also shows that the U.S. government transferred $19.62 million in USDT to Coinbase, alongside roughly $9.3 million worth of ETH sent to the same exchange.
Seized Assets Expected to Support FTX Creditor Repayments The transferred SHIB originated from assets the U.S. government seized from FTX and Alameda Research after the exchange collapsed in November 2022.
Arkham Intelligence indicated that the tokens will presumably help fund repayments to creditors affected by the FTX bankruptcy. However, creditors are unlikely to receive SHIB or other cryptocurrencies directly.
Instead, the FTX bankruptcy estate has consistently liquidated recovered digital assets and distributed the proceeds in cash. As a result, creditors receive U.S. dollar payments based on cryptocurrency prices at the time FTX filed for bankruptcy in November 2022, rather than at current market values.
FTX Repayment Program Nears $9.5 Billion The latest government wallet activity comes as FTX continues to make substantial repayments to creditors. On March 31, 2026, the bankruptcy estate completed its fourth distribution round, paying $2.2 billion to eligible creditors. That payment increased the total amount distributed to around $9.5 billion.
According to the estate, most U.S. customers and general unsecured creditors have now recovered 100% of their approved claims, while convenience class claimants have received payouts of up to 120%.
The March distribution followed three earlier repayment rounds completed in February, May, and September 2025. Meanwhile, FTX also began processing payments to preferred equity shareholders in late May 2026, marking another milestone in the bankruptcy proceedings.
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Weekly spot flows for Shiba Inu have increased by about 60%, suggesting that direct market activity surrounding SHIB has improved despite the price's ongoing decline. The rise is significant because spot flows, as opposed to leveraged derivatives positions, typically represent real token purchases and transfers.
Inflows finally flip backPositive net spot inflows over a number of shorter time periods are shown in recent flow data. Over the course of one hour, SHIB recorded a positive net inflow of about $43,400, over four hours, about $77,100, and over twelve hours, almost $77,900. These numbers indicate that while the token is trading close to $0.00000417, buyers are consuming a portion of the available supply.
SHIB/USDT Chart by TradingViewStronger spot flows have not yet resulted in a strong price reversal, though. SHIB is still below the daily chart's major exponential moving averages. The 50-day EMA is located around $0.00000464, and the 20-day EMA is close to $0.00000440. The 200-day EMA at $0.00000623 and the 100-day EMA at $0.00000518 show more significant resistance. Because of this structure, the overall trend remains negative.
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SHIB returned to the lower end of its current trading range after failing to maintain its June rebound. SHIB is in the vicinity of oversold territory with the Relative Strength Index close to 35, but a reversal has not been confirmed. This implies that selling pressure may be waning, but it also leaves room for another drop. Data on on-chain exchanges is still inconsistent. While overall exchange netflow decreased by 0.18%, exchange reserves only increased by 0.03%.
Risks tied to inflowsConcurrently, the average seven-day exchange inflow increased by 8.25%. When tokens move onto exchanges, higher inflows may indicate greater selling risk, which would partially offset the positive spot-flow increase.
Buyers must push the token above $0.00000440 and then recover $0.00000464 in order for SHIB's price health to significantly improve. Stronger spot flows suggest accumulation interest but not a proven recovery until that point. SHIB would be vulnerable to another move toward the $0.00000400 area if it lost the most recent floor near $0.00000410.
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TL;DR
The US Justice Department transferred 54.89 billion SHIB seized in the FTX case after the tokens' value fell from $1.55 million to approximately $235,500, representing an 85% decline.Binance founder Changpeng Zhao argued that AI can increase productivity but cannot protect purchasing power like Bitcoin's fixed supply. BTC recovered above $65,000 as US inflation pressures eased.XRP wallets holding at least 1 million tokens accumulated another 70 million XRP, worth approximately $77 million, as buyers defended support near $1.08 and resistance remained around $1.14.US spot Bitcoin ETFs recorded $108 million in daily inflows, led by BlackRock's IBIT with $80.82 million, while BTC's $65,000 resistance, Ethereum's recovery toward $2,000, and the CLARITY Act remained the main market catalysts.FTX paradox: US Justice Department retained just 15% of the dollar value of seized Shiba InuLarge-scale activity across US government wallets has exposed the specifics of state custody of volatile digital assets. Over the past several days, US agencies have moved more than $338 million in confiscated cryptocurrency, according to Arkham on-chain data.
Most of the funds, including 3,940 BTC and 40,000 ETH, were sent to Coinbase Prime. However, the market's attention was drawn to a much smaller but more revealing transfer involving Shiba Inu (SHIB) tokens.
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The transaction involved a pool of 54.89 billion SHIB tokens seized by officials during the investigation into the collapse of the FTX exchange and Alameda Research. The changing value of these confiscated assets clearly illustrates the impact of prolonged legal proceedings on high-risk assets:
Last year, this volume of tokens was valued at $1.55 million.On July 15, the Justice Department completely emptied the "FTX Alameda Seized Funds" address, transferring the same tokens to a new wallet. At the time of the transaction, their value had fallen to just $235,500.US Government history of transactions with Shiba Inu (SHIB) coin seized from FTX, Source: ArkhamAs a result of market corrections, the government retained only 15% of the position's former dollar value. According to available information, this volume of SHIB is not intended for sale on the open market. The US government will continue holding the assets for subsequent settlements with FTX creditors.
For affected exchange customers, this creates a precedent in which the repayment procedure involves distributing the original tokens, although their actual purchasing power declined by 85% during the legal proceedings. The transactions followed the agencies' standard practice of conducting $10 test transfers and also involved small balances of WBTC, COMP, and MANA.
Why the Binance founder believes AI is useless against inflation, unlike BitcoinWhile the technology sector remains focused on the capabilities of neural networks, Binance founder Changpeng Zhao, known as CZ, has brought investors back to a harsh economic reality. Artificial intelligence can radically increase business productivity, but it is technologically incapable of protecting personal capital from depreciation.
According to CZ, this role still belongs exclusively to Bitcoin because its issuance is strictly limited at the code level.
The position of the Binance founder was effectively supported from the perspective of traditional institutional finance by BlackRock CEO Larry Fink. In his assessment, following a major reduction in leverage, the crypto market has cleared out excessive speculative positions and become significantly more resilient.
AI is great, but it does not protect you against inflation.
Bitcoin does.
— CZ 🔶 BNB (@cz_binance) July 16, 2026 The industry leaders' statements came against the backdrop of fresh US macroeconomic data. The latest CPI report showed that US consumer inflation had declined to 3.5%, while the Producer Price Index surprised the market by falling 0.3%.
The market immediately responded to the easing of inflationary pressure. Bitcoin began a confident recovery, broke through local resistance, and consolidated above the psychologically important $65,000 level.
Large investors bought 70 million XRP as the price stabilized near $1.10The largest XRP holders have intensified their purchases. According to fresh on-chain data from Santiment cited by Ali Martinez, wallets holding at least 1 million XRP added another 70 million tokens over the past week. At the current market price, the investment is worth approximately $77 million.
The purchases were made gradually between July 9 and July 15, increasing the total holdings of these large investors to 3.83 billion XRP. This group of large market participants now controls an impressive 74% of the token's total circulating supply.
From a technical perspective, the chart shows a classic accumulation period. XRP remains trapped within a downward trend, with the exponential moving average near $1.14 acting as the key barrier and resistance level.
XRP price chart on a daily timeframe with fresh report from Ali Martinez, Source: TradingViewLarge investors are using the current consolidation near $1.10 to methodically increase their positions at a relatively stable price without causing sharp market fluctuations.
At the same time, buyers have formed a strong support zone below the current price, with the $1.08 level actively defended by large orders. The RSI momentum indicator also points to a potential recovery as it begins turning upward from oversold territory.
Meanwhile, tokens continue to flow from trading platforms to cold wallets, while the total number of active addresses on the XRP Ledger has exceeded 8 million.
Crypto market outlook: AI payments, the Senate, and a new Bitcoin cycleThe cryptocurrency market is showing clear signs of forming a local bottom in mid-July 2026. The industry is currently caught between renewed demand for Bitcoin ETFs, expectations of key regulatory decisions in the US Senate, and the expansion of stablecoins into the real economy.
Total Bitcoin Spot ETF net inflow in US over the last 30 days, Source: SoSoValueBitcoin is holding the strategic $64,000–$65,000 range, laying the foundation for a potential short squeeze.
Key checkpoints:
ETFs return to the market: After an extended period of selling pressure, spot Bitcoin ETFs recorded net daily inflows of $108 million. BlackRock's IBIT fund led the recovery, attracting $80.82 million on its own and confirming institutional interest at current price levels.Bitcoin holds its position: BTC has consolidated above an important liquidity zone near $64,000. A breakout and sustained move above the $65,000 resistance level would open a direct path toward testing the long-term barrier near $67,000. At the same time, a strong volume shelf at $57,511 remains the main line of defense for holders.US legislative trigger: Investors are focused on Washington, where the House Financial Services Committee will hold a hearing on July 17. Senator Cynthia Lummis confirmed that Clarity Act, which is critically important for the regulation of innovation and digital assets, is expected to be brought to a Senate vote during the week beginning July 20.Ethereum shows strength: ETH staged a dynamic recovery from a three-week low of $1,630, rising into the $1,910–$1,918 range. Sellers are capitulating, but buyers must hold the intermediate support level at $1,850 to maintain momentum toward the psychological target of $2,000.Real-world adoption and stablecoin expansion: The crypto market's infrastructure foundation continues to strengthen as Visa and Artemis have officially identified stablecoins as the best payment solution for microtransactions within AI ecosystems. At the same time, Tether invested $20 million in Latin American fintech giant Ualá, valued at $3.2 billion, expanding access to digital dollars for 11 million users. You Might Also Like
Shiba Inu has seen its weekly spot flows surge by approximately 60%, pointing to heightened direct market activity for the popular meme coin. This increase in spot flows, which typically signals genuine token purchasing and transfers rather than leveraged trading, indicates growing investor engagement amid ongoing price weakness.
Spot flow trends and recent SHIB demandRecent market data shows Shiba Inu has consistently recorded positive net spot inflows over several time frames. In the past hour, SHIB saw a net inflow of about $43,400, with four-hour data reflecting inflows around $77,100 and twelve-hour totals nearing $77,900. With SHIB trading close to $0.00000417, these figures suggest that buyers are absorbing part of the circulating supply despite persistent price declines.
Data indicates that buyers are actively accumulating SHIB near current prices, even as the token remains under pressure, with spot purchases outpacing supply for several consecutive sessions.
Technical outlook: Resistance and market structureDespite improving spot flows, SHIB’s price has yet to deliver a sustained recovery. The token remains below several key exponential moving averages on the daily chart. The 20-day EMA stands near $0.00000440 and the 50-day EMA at $0.00000464, both acting as immediate barriers for upward movement. Higher resistance is seen at the 100-day EMA ($0.00000518) and 200-day EMA ($0.00000623), reinforcing the current negative trend.
Shiba Inu recently retreated to the lower end of its established trading range after failing to sustain gains from its June rebound. The Relative Strength Index now hovers near 35, approaching the threshold for oversold conditions. While this suggests selling pressure may be easing, any recovery remains unconfirmed.
On-chain signals and exchange dataOn-chain and exchange metrics remain mixed. Overall exchange netflow declined by 0.18%, while exchange reserves nudged higher by just 0.03%. At the same time, the average seven-day exchange inflow for SHIB increased by 8.25%, raising the possibility of renewed selling should more tokens be moved to exchanges.
When a cryptocurrency’s inflows to centralized exchanges rise, it can indicate increased potential for selling, which may offset positive spot flow trends if sustained.
Mini dictionary: Spot flows refer to actual purchases and transfers of tokens on the open market, compared to derivative positions, which are often speculative bets on price movement without immediate ownership of the asset.
MetricCurrent ValueChangeWeekly spot flowsIncreased+60%1-hour net inflow$43,400Positive4-hour net inflow$77,100Positive12-hour net inflow$77,900Positive7-day exchange inflowIncreased+8.25%Relative Strength Index~35Near oversoldKey price levels and outlookAnalysts suggest that for Shiba Inu’s price to show meaningful signs of recovery, buyers need to move the token above the $0.00000440 resistance and reclaim the $0.00000464 level. Although stronger spot flows hint at accumulation, a confirmed price rebound is lacking while SHIB trades below these thresholds.
If SHIB drops beneath its recent support at $0.00000410, the token may become vulnerable to further declines toward the $0.00000400 region.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Stanford researchers found signs of manipulation in Polymarket’s five-minute Bitcoin markets. Suspected traders earned an estimated $8.2 million from the activity. Longer settlements and average-price methods could reduce manipulation risks. Prediction markets keep drawing more traders from around the world. The new studies by scholars have revealed that there might be specific contractual designs. These would inadvertently favour such strategic behaviour of market participants. Scholars from Stanford University and Singapore Management University studied five-minute Bitcoin prediction contracts traded on Polymarket. They found anomalies that did not seem to correspond to normal trading behavior.
Researchers Study Trading Trends around Settlement The study analysed approximately 16,000 five-minute Bitcoin contracts launched within two months of their market entry. Researchers noted sudden directional trading spikes on Binance shortly before contract settlement, followed by abrupt price retracements right after, repeatedly.
Source: Settlement Manipulation in Prediction Markets The trends appeared strongest when contracts remained evenly divided, giving traders with large positions stronger incentives to trade before settlement. Researchers tracked the trading volumes of the settlement period, which averaged 3.9x higher than usual in the case of contracts with strong signals of a possible manipulation attempt.
Overnights and weekends had higher concentration due to low liquidity, which made small transactions affect the prices of Bitcoin more efficiently, at least for some time. The researchers estimated that the total profit of the suspected manipulators was around $8.2 million, although some sources used different calculations. Researchers emphasized that the evidence remained purely circumstantial.
Longer Settlement Windows Make Price Manipulation Less Effective Researchers found that most suspicious trading activity disappeared after contract durations increased from five minutes to fifteen minutes. This made price manipulation much less efficient since it was necessary to create an artificial market movement over an extended period of time, which increased costs.
Researchers proposed using time-weighted average price (TWAP) settlement to reduce opportunities for market manipulation at a single point in time. Polymarket admitted that no price manipulations have been seen but agreed to implement an averaging-based settlement process for some markets within a year.
Binance said that it has monitoring and anti-manipulation software installed on its platform, but stressed that the settlement process is decided by other platforms which operate outside the exchange. It was pointed out that similar vulnerabilities might be observed even outside cryptocurrency since prediction markets spread into traditional financial assets.;
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The argument over Bitcoin vs. artificial intelligence with regards to greater returns is building steam in financial markets. Now, Binance co-founder Changpeng Zhao (CZ) has joined the discussion. He provided a simple take on the debate as investors compare the two growth sectors as Binance also looks to adopt AI technology.
Binance’s CZ Offers Take On Bitcoin vs. AI Debate CZ posted on the social media platform X, saying, “AI is great, but it does not protect you against inflation. Bitcoin does.” His comments were made as top Wall Street companies offered opposing views on where capital might go during the rest of 2026.
However, AI firms have drawn in huge capital inflows with experts hinting at another $700 billion surge incoming. Still Bitcoin’s defenders have been advocating for better macroeconomic conditions that may benefit the world’s largest digital currency, the debate has been heating up.
AI is great, but it does not protect you against inflation.
Bitcoin does.
— CZ 🔶 BNB (@cz_binance) July 16, 2026
Nonetheless, since Binance has also resorted to AI technology, not everyone is convinced with what CZ just said. Also, other industry experts have different opinion on the ongoing Bitcoin vs. AI conflict.
BlackRock Sees Bitcoin Benefiting From Fiscal Risks The digital assets team head at BlackRock, Robert Mitchnick, thinks the focus has been drawn away from Bitcoin. For the moment, it seems to have fallen into the back seat as spot BTC ETFs recorded humongous outflows lately. That could change, he said, as concerns about the U.S. government borrowing become more prominent.
While Bitcoin has struggled to reach any consensus on prices these days, that may change as concerns continue to grow about the increasing deficit, and the prospect of currency debasement, said Mitchnick. He added: “And the more fear there is over the borrowing level and the risk of money printing, that is ultimately the most important, I think fundamental driver ahead.”
For context, Bitcoin price was recently hovering around the level $65,000 recovering from earlier weakness. Nonetheless, BTC is still far from the record levels seen in October 2025, when it hit over $126,000, as BlackRock’s spot Bitcoin ETF experienced significant inflows.
JPMorgan’s Jamie Dimon Stays Dedicated To AI JPMorgan’s chief executive, Jamie Dimon, remains bullish on the AI investing theme. He cited huge investments are going on all over the AI industry and the economy has been strong as evidence for his sense of optimism. Moreover, he expects AI spending to hit $700 billion this year.
While the labor market is relatively unchanged, the investment in AI is getting into the hundreds of billions of dollars this year, Dimon said. He described the environment as “We’re in a bull market. It’s like a little tsunami. When that kind of thing happens, it’s very hard to stop.”
In past years, Dimon has harshly denounced Bitcoin several times. Despite this he has recently tempered his concerns about geopolitical tensions and government borrowing over the next couple of years.
There has also been some doubts about the hype around AI stocks. In a recent article on their respective Substacks, Bernstein and Cummings suggested that the recent rise in valuation at the top-tier AI firms suggests a bubble that is “still inflating.”
They also said that businesses are investing aggressively in AI, which is decreasing their cash holdings, and that the technology budget is a higher percentage of U.S. GDP than it was in the dot-com days.
In the interim, BlackRock analyst Rick Rieder has signaled that the asset manager will be selling down its holdings of companies that are directly leveraging AI and buying up companies that are likely to benefit from the growth of AI.
One company that has caught the eye is TeraWulf, a Bitcoin miner. For context, Terawulf recently inked a 20-year contract with Anthropic to host the tech company’s AI data center infrastructure.
Softer Inflation Data Supports Crypto Market Rebound The overall crypto market was also fueled by new U.S. inflation data. The producer price index (PPI) was slightly below the market’s expectations. PPI inflation rose 5.5% year-over-year, much below the market expectations of 6.2%.
After the inflation release, Bitcoin rose above $65,000 and Ethereum returned to the $1,900 mark. The entire cryptocurrency market also moved higher as traders dialled back their hopes for further monetary tightening.
Markets have now given little chance of a July rate hike based on CME FedWatch data. The sentiment around the crypto market is improving, as evidenced by limited expectations for tighter monetary policy on Prediction market Polymarket.
However, since OpenAI, Anthropic, and DeepSeek are eyeing an IPO, netizens expect capital to rotate from risk assets like Bitcoin toward these companies. Recently, the SpaceX IPO saw billions in investment from both traditional and risk-oriented investors.
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NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of RPM 2026-4, a $750 million upsized auto asset-backed securitization (ABS). This marks Pagaya's fourth fully pre-funded auto ABS transaction of 2026 and its largest to date, bringing the total amount of pre-funded auto ABS raised this year to $2.25 billion. Notably, this transaction features Pa.
Applied Digital announced that it will host a conference call on Monday, July 27, to discuss its operations and financial results for the fiscal fourth quarter.
Cramer recommended buying Bloom Energy Corporation (NYSE:BE) as it has “come down a great deal and it’s a non-combustible way to be able to power data centers.”
Truist Securities analyst Christopher Souther, on Tuesday, initiated coverage on Bloom Energy with a Hold rating and announced a price target of $250.
“I think double down right now. A 6% yield. You want to own it. I think it’s terrific for people who want fixed income,” Cramer said when asked about Enterprise Products Partners L.P. (NYSE:EPD).
On July 9, JP Morgan analyst Jeremy Tonet maintained EPD at Neutral and raised the price target from $41 to $42.
Citigroup analyst Anthony Pettinari, on Wednesday, maintained Lennar with a Neutral rating and lowered the price target from $104 to $88.
X-Energy, Inc. (NASDAQ:XEG) is a “pure spec,” Cramer said. “It’s nuclear, and the problem with nuclear is everyone’s just decided it’s just too darn expensive.”
On the earnings front, X-Energy reported worse-than-expected first-quarter sales on June 4.
Construction Partners announced that it will release its fiscal third-quarter results on Aug. 7, before the market opens.
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MIAMI--(BUSINESS WIRE)---- $SMMT--Summit Therapeutics Inc. (Nasdaq: SMMT) will host a conference call to announce its second quarter 2026 financial results and provide an update on operational progress on Thursday, July 23, 2026. The call is scheduled to take place at 4:30 p.m. EDT. The live and archived webcast can be accessed through the Investor Information section of the company's website, www.smmttx.com. About Summit Therapeutics Inc. Summit Therapeutics Inc. is a biopharmaceutical oncology company.
TLDR Volvo Group tested a proprietary cryptocurrency for transactions with material and transport suppliers. The proposed system would operate within a closed blockchain network for selected supply chain partners. Immutable records could improve order tracking, transport data sharing, and cross-border transaction management. Product traceability may help the company meet sanctions, trade rules, and Digital Product Passport requirements. The initiative remains at the exploration stage and has not entered commercial or industrial deployment. Volvo Group has tested a proprietary cryptocurrency concept for supplier transactions within a private blockchain environment. Volvo Group said the internal exploration targets faster cross-border exchanges and secure data sharing between supply chain participants. The initiative also seeks immutable transaction records without relying on traditional currencies.
Internal blockchain trial targets supplier transactions Ivan Branco described an internal exploration involving transport suppliers and a proprietary cryptocurrency for controlled blockchain transactions. He discussed the initiative during a recent interview with the Cardano Foundation. The effort remains an exploratory project rather than a commercial deployment.
The proposed system would allow Volvo Group to exchange transaction data with material and transport suppliers inside a closed network. The blockchain would record transportation details and purchase information through immutable digital records. The approach aims to simplify cross-border processes while reducing dependence on conventional payment methods.
Branco said, “We have also done explorations with certain transport suppliers to see if we could create, let’s say, an enclosed environment using blockchain for the transactions in between material supplier, transport supplier, and ourselves with a proprietary cryptocurrency that we created for that specific purpose.”
The statement described discussions with selected transport partners rather than a finalized production system. Volvo Group has not announced a timetable for broader implementation.
Supply chain goals extend beyond digital payments The blockchain initiative supports broader supply chain improvements beyond transaction processing. Volvo Group also sees opportunities for product traceability and future regulatory compliance. Those efforts include preparations for Europe’s upcoming Digital Product Passport requirements.
Branco highlighted difficulties tracking the country of origin for spare parts and assembled vehicles. He explained that trade restrictions create additional compliance responsibilities across international supply chains.
He said, “When you had the Russia-Ukraine situation where the European Union said you don’t ship any more goods towards Russia, you need to know if the goods are getting to Russia, for example, because you’re sending them to importers who might then resell those parts and you’re still liable.”
Branco also acknowledged technical and operational barriers affecting blockchain adoption across established industrial systems. He cited legacy infrastructure, blockchain knowledge, scalability, maintenance, and ongoing support requirements. Volvo Group confirmed that these factors remain important considerations during the evaluation process.
Existing blockchain work provides practical experience Another company within the broader corporate family has already adopted blockchain technology for manufacturing traceability. Volvo Cars introduced blockchain-based cobalt tracking for electric vehicle batteries in 2019. That implementation focused on improving transparency across battery supply chains.
Meanwhile, Volvo Group continues evaluating blockchain applications that could strengthen logistics, compliance, and supplier coordination. The company has presented the cryptocurrency concept as an internal exploration instead of an operational payment platform. No announcement has indicated commercial deployment or production availability.
EUR/USD trades with a downside bias on Thursday, snapping a two-day winning streak as the US Dollar (USD) steadies following recent losses driven by softer-than-expected United States (US) inflation data. At the time of writing, the pair trades around 1.1457, down modestly on the day.
Market sentiment remains fragile as renewed tensions in the Middle East push Oil prices higher, raising concerns that June's inflation slowdown may prove short-lived. This is limiting the downside in the US Dollar as traders continue to expect a Federal Reserve (Fed) interest rate hike later this year.
The US Dollar Index (DXY), which tracks the Greenback's value against a basket of six major currencies, is trading around 100.60 after falling to 100.35 on Wednesday, its lowest level since June 18.
The Greenback found additional support after the latest US labour market data showed that Initial Jobless Claims fell to 208K in the week ending July 11. The reading was below the 217K forecast.
US Retail Sales rose 0.2% MoM in June, in-line with expectations. May's reading was slightly revised upward to 1.0% from 0.9%. The Retail Sales Control Group also came in as expected at 0.5%, down from May's 0.8% increase.
On the geopolitical front, the US carried out a fifth consecutive night of strikes against Iranian targets, while Tehran responded by targeting US assets in Kuwait, Bahrain and Jordan.
Reuters reported, citing sources, that Iran had instructed Yemen’s Houthis to close the Bab el-Mandeb gateway to the Red Sea if the US attacks its power network. West Texas Intermediate (WTI) is trading near $80 and gaining around 12% so far this week.
Higher energy prices have also revived expectations of another European Central Bank (ECB) rate hike. A Reuters poll released on Thursday showed that all 74 economists expect the ECB to keep its deposit rate unchanged at 2.25% at its July meeting, while a 70% majority expect one more increase this year, most likely in September.
Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Swiss Franc.
USDEURGBPJPYCADAUDNZDCHFUSD0.10%0.21%0.05%-0.18%-0.04%-0.04%0.30%EUR-0.10%0.11%-0.04%-0.27%-0.06%-0.13%0.20%GBP-0.21%-0.11%-0.13%-0.37%-0.18%-0.24%0.11%JPY-0.05%0.04%0.13%-0.25%-0.02%-0.10%0.25%CAD0.18%0.27%0.37%0.25%0.22%0.15%0.49%AUD0.04%0.06%0.18%0.02%-0.22%-0.05%0.28%NZD0.04%0.13%0.24%0.10%-0.15%0.05%0.33%CHF-0.30%-0.20%-0.11%-0.25%-0.49%-0.28%-0.33% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Figma (NYSE:FIG) has whipsawed from post-listing euphoria into a brutal reset. After a punishing drawdown, the setup is more interesting than the recent price action suggests. Our analysis points to meaningful upside from current levels, driven by 46% top-line growth, a rebuilt valuation, and consensus quietly settled around a target well above the current price.
The 24/7 Wall St. price target for Figma is $30.56 over the next 12 months, implying 30.04% upside from the recent close of $23.50. Our recommendation is buy, with medium confidence.
24/7 Wall St. Price Target Summary Metric Value Current Price $23.50 24/7 Wall St. Price Target $30.56 Upside 30.04% Recommendation BUY Confidence Level Medium (approximately 60%) From a $50 Billion Wipeout to a Cautious Comeback Figma is down 79.65% over the past year and 37.12% year to date, having collapsed from a 52-week high of $142.92 to a low of $16.60. Shares are up 26.96% in the past month and 8.44% in the past week.
The turn is grounded in fundamentals. Q1 2026 revenue hit $333.44 million, growing 46% year over year, with a GAAP net loss of $142.4 million largely from stock-based compensation. CEO Dylan Field sold 174,430 shares on May 29, 2026 under a pre-arranged 10b5-1 plan. The next earnings report lands August 5, 2026.
Why Bulls See a Path to $40+ The bull case rests on hypergrowth, category dominance, and AI leverage. Revenue growing 46% nearly doubles what mature design software peers deliver. J.P. Morgan and RBC hold $28 price targets, while Piper Sandler projects profitability by year-end 2026.
If Figma monetizes AI-native design tools and paid subscribers expand, a bull scenario multiple of 13x forward sales supports $40 or higher.
The Risks Worth Watching Figma trades at 10.76x sales while losing money, and its EV/EBITDA of 441x is not a real multiple. Insider sales from the CEO, CFO, CRO, and CTO between May and June signal capped near-term enthusiasm.
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Bulls counter that these were pre-arranged 10b5-1 sales, and stock-based comp drove the GAAP loss. A downside scenario with multiple compression to 6x sales points to roughly $15.
How Figma Compares to Adobe and Autodesk Adobe (NASDAQ:ADBE | ADBE Price Prediction) is the direct incumbent in creative software. Adobe posted Q2 FY26 revenue of $6.62 billion growing 13% with non-GAAP EPS of $5.96, and trades at roughly 3.4x forward sales. Figma grows more than three times faster but at three times the sales multiple, making our target reasonable rather than aggressive.
Autodesk (NASDAQ:ADSK) is the design-and-make comparable. Autodesk posted Q1 FY27 revenue of $1.93 billion up 18.4% at roughly 5.4x forward sales. Figma’s premium over Autodesk is justified by the growth gap but leaves less room for execution error.
Company Revenue Growth P/S (approx.) Figma 46% 10.76x Adobe 13% 3.4x Autodesk 18% 5.4x Figma Price Prediction 2026-2030 The 24/7 Wall St. price target of $30.56 implies buy with medium confidence. Growth, sentiment recovery, and consensus anchor the upside.
I’d be a buyer if the August 5 earnings report confirms revenue growth staying above 40% and paid subscriber momentum continues. I’d stay on the sidelines if Figma guides down or gross margin compresses. The risk-reward tilts constructive.
Year 24/7 Wall St. Price Target 2026 $30.56 2027 $38.00 2028 $46.00 2029 $54.00 2030 $62.00 These projections assume Figma sustains 25% to 35% annual revenue growth and reaches GAAP profitability by 2027. Significant upside or downside could result from AI-driven design disruption or aggressive competition from Adobe and Canva.
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NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, has completed a $518 million Significant Risk Transfer, freeing up capital to support strong consumer demand for its products. The 3-year agreement supports $12 billion in additional lending and forms part of Klarna's wider capital-efficiency program, which pairs SRTs with forward-flow and warehouse financing to support growth in a capital-lighter way. The transaction is the second SRT Klarna has complete.
Eightco treasury composition as of July 15, 2026: $90M OpenAI equity (indirect), $18M Beast Industries equity, 16,278 ETH, 283 million WLD holdings, and $148M cash and equivalents, totaling approximately $406 million
Worldcoin token (WLD) now listed on Robinhood, expanding access to millions
OpenAI recently announced that it submitted a confidential S-1, setting itself up for a potential future initial public offering
Eightco provides indirect exposure to some of the most innovative private companies including OpenAI and Beast Industries
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" or the "Company") today provided an update on its total holdings, highlighting its position across digital assets and strategic investments in leading private technology companies.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
As of July 15, 2026, at 4:30 p.m. ET, ORBS' holdings include a $90 million investment (indirectly, through SPVs) in OpenAI, an $18 million funded investment in Beast Industries, a $1 million investment in Mythical Games, 283,452,700 Worldcoin (WLD) at $0.41 per WLD (per Coinbase), 16,278 Ethereum (ETH), and approximately $148 million in total cash and stablecoins, for total holdings of approximately $406 million.
Top Headlines Driving the News:
ORBS management believes the Company's treasury portfolio holds some of the most critical components for the future AI and digital financial system. This week's top headlines include:
This week, it was reported that OpenAI is developing a product meant to serve as a humanlike AI companion that lives in the home. This product will help control smart-home appliances, play media, answer questions, and respond to messages. This development will place OpenAI in the hardware space, competing with Apple, Google and more (Bloomberg). On July 9, OpenAI released GPT-5.6 Sol which emphasizes better token efficiency (54% more efficient on agentic coding), stronger capabilities in coding, science, biology, cybersecurity, multimodal support and new features like GPT-Live. It follows a staggered/limited rollout after a U.S. government request over national security concerns. Sol includes an "ultra" mode for harder tasks and advanced safety features (OpenAI). On July 24, 2026 World's token issuance schedule will reach a significant milestone. As outlined in the original World whitepaper, the network's largest three-year token unlock period is expected to conclude, reducing the number of WLD entering circulation each day by approximately 43%, from about 5.1 million tokens to about 2.9 million. ORBS currently holds 283,452,700 WLD, representing approximately 8% of the circulating supply and the largest publicly disclosed WLD position in the world. While ORBS' holdings will remain unchanged on July 24, the pace of new token issuance is expected to slow significantly. WLD will continue to enter circulation, but at roughly half the previous daily rate, materially slowing the growth of overall supply (World). "OpenAI continues to incrementally improve ChatGPT's capabilities and these add up to meaningful improvements year to date. The improvement in token efficiency is welcomed by many users," said Thomas "Tom" Lee, Board Member of Eightco. "We believe ORBS is uniquely positioned for the future. As AI becomes more personal and autonomous, we expect proof of human will become one of the most valuable assets in the digital economy."
Eightco: Exposure to key mega-trends
Eightco is built around three mega-trends the Company expects to shape the next decade of innovation: artificial intelligence, digital identity, and the creator economy, with positions in each trend through indirect investment in OpenAI (22% of ORBS' treasury holdings), Worldcoin (29%), and Beast Industries (4%).
Artificial Intelligence — OpenAI
Eightco has invested approximately $90 million in special purpose vehicles with exposure to equity interests in the parent company of OpenAI, representing approximately 22% of treasury assets, one of the highest disclosed concentrations of any listed vehicle.
ChatGPT, OpenAI's consumer app, is the #1 consumer AI app worldwide (Sensor Tower) and crossed 900 million weekly active users in February 2026, making it the fastest-scaling consumer technology in history (UBS via Reuters).
Digital Identity — WLD Token
Eightco holds over 283 million WLD, approximately 8% of circulating supply, the largest publicly disclosed institutional position globally and approximately 29% of the Eightco treasury's assets.
Worldcoin is the native token of World, a global Proof of Human network built by Tools for Humanity (co-founded by Sam Altman and Alex Blania) and stewarded by the World Foundation. Its Orb devices issue a privacy-preserving World ID that verifies a user is a unique human, not an AI agent.
Under World's announced business model, applications pay per-verification fees while end-user verification remains free, with both credential issuers and the World protocol monetizing verified-human authentication. World identifies a $6.35 trillion combined addressable revenue opportunity across 13 industries spanning banking, e-commerce, gaming, social media, and agentic AI (per Tools for Humanity).
Creator Economy — Beast Industries
Eightco has invested $18 million in Beast Industries equity, approximately 4% of treasury assets.
Beast Industries operates one of the largest direct-to-consumer reach footprints in the world, with a combined 500 million-plus follower base across platforms, anchored by MrBeast as the most-watched person on YouTube globally. As AI commoditizes content production, distribution and audience trust become increasingly scarce assets.
About Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company executing a first-of-its-kind Worldcoin (WLD) treasury strategy, providing investors single-ticker indirect exposure to three of the defining trends of this cycle: artificial intelligence through its indirect investment in OpenAI, digital identity through its position as the largest public holder of WLD and the Proof of Human protocol, and the creator economy through its equity stake in MrBeast's Beast Industries. Backed by leading institutional investors including Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, CoinFund, Discovery Capital Management, FalconX, Payward/Kraken, Pantera, and GSR, Eightco is building the infrastructure layer for human verification in the agentic AI era.
For more information:
X: @iamhuman_orbs
Website: 8co.holdings
Frequently Asked Questions
What is ORBS stock?
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company on Nasdaq. ORBS provides indirect exposure to: OpenAI and Beast Industries.
Who owns the most Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) holds 283 million WLD, approximately 8% of circulating supply and the largest publicly disclosed institutional position globally.
What is Proof of Human?
Proof of Human is cryptographic verification that a user is a unique, living person, not a bot or AI agent. It is foundational infrastructure for social networks, banking, agentic commerce, and any system requiring "one person, one account" in the agentic AI era.
How does Eightco (ORBS) relate to Proof of Human?
Eightco Holdings (NASDAQ: ORBS) is the largest publicly disclosed institutional holder of Worldcoin (WLD), the token powering World's Proof of Human network.
Who is the CEO of Eightco Holdings?
Kevin O'Donnell is the CEO of Eightco Holdings (NASDAQ: ORBS). The Company's Board includes Tom Lee (Managing Partner and Head of Research at Fundstrat, and Chairman of Bitmine Immersion Technologies (NYSE: BMNR)) and, as an advisor to the Board, Brett Winton (Chief Futurist at ARK Invest).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward-looking, including, without limitation, statements regarding: the Company's expectations that artificial intelligence, digital identity, and the creator economy will shape the next decade of innovation; the Company's belief that its treasury portfolio holds some of the most critical components for the future AI and digital financial system; the Company's belief that it is uniquely positioned for the future; statements that OpenAI submitted a confidential S-1, setting itself up for a potential future initial public offering; statements that OpenAI is developing a humanlike AI companion product for the home; statements regarding the capabilities, features, and release of OpenAI's GPT-5.6 Sol model, including its token efficiency, coding capabilities, and "ultra" mode; statements that Proof-of-Human verification will become one of the most valuable assets in the digital economy; statements regarding World's addressable revenue opportunity of $6.35 trillion across industries spanning banking, e-commerce, gaming, social media, and agentic AI; statements regarding Worldcoin (WLD) being listed on Robinhood and expanding access to millions of users; statements regarding the expected reduction in WLD token issuance following July 24, 2026, including the anticipated reduction from approximately 5.1 million tokens to approximately 2.9 million tokens daily; statements that the Company holds the largest publicly disclosed WLD position globally; statements that distribution and audience trust become increasingly scarce assets as AI commoditizes content production; statements regarding the Company building the infrastructure layer for human verification in the agentic AI era; and statements regarding the Company providing indirect exposure to defining trends through its investments in OpenAI, WLD, and Beast Industries. Words such as "plans," "expects," "will," "anticipates," "continue," "expand," "advance," "develop," "believes," "guidance," "target," "may," "remain," "project," "outlook," "intend," "estimate," "could," "should," "positioned," "view," and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management's current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the Company's inability to direct the management or operations of private businesses where the Company is not a controlling stockholder, including OpenAI and Beast Industries; risk of loss or markdown on the Company's strategic investments, including its indirect position in OpenAI equity (held through special purpose vehicles), its position in WLD, and its position in Beast Industries equity; the Company's ability to maintain compliance with Nasdaq's continued listing requirements; unexpected costs, charges or expenses that reduce the Company's capital resources or otherwise delay capital deployment; inability to raise adequate capital to fund or scale its business operations or strategic investments; volatility in digital asset prices, including WLD and ETH, which could materially affect the value of the Company's treasury holdings; regulatory changes, future legislation and rulemaking negatively impacting digital assets, artificial intelligence adoption, or biometric data collection; risks related to the development, adoption, and market acceptance of Proof-of-Human technology and the World network; uncertainty regarding the pace and trajectory of agentic AI deployment in enterprise and consumer applications; uncertainty regarding OpenAI's product roadmap, business model developments, and the timing or success of any IPO; risks related to Beast Industries' ability to achieve its growth projections; competition in the digital identity and AI infrastructure markets; reliance on third-party sources for the valuation of certain investments; uncertainty regarding MrBeast's continued success and the performance of Beast Industries' creator-driven business model; risks related to the Company's concentrated positions in certain digital assets and private company investments; shifting public and governmental positions on digital assets or artificial intelligence-related industries; risks related to the timing, features, and commercial reception of OpenAI's model releases; and risks that WLD supply dynamics may not result in anticipated market effects. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco's actual results to differ from those contained in the forward-looking statements herein, see Eightco's filings with the Securities and Exchange Commission (the "SEC"), including the risk factors and other disclosures in its Annual Report on Form 10-K filed with the SEC on April 15, 2026 and other publicly available SEC filings. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect actual results or any change in its expectations.
Bitmine owns 4.8% of the total ETH coin supply of 120.7 million
Bitmine is 96% of the way to the 'Alchemy of 5%' in just 12 months
Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026
Bitmine's Series A Preferred Stock is trading on the NYSE under the symbol BMNP
Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH
, /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced the release of the July Chairman's Message titled "ETH is the cure for the 'Uncanny Valley of Wealth.'"
This Chairman message explains the company's belief that Ethereum is a critical interface to protect humans from the downstream implications of the increasing capabilities of AI and the resulting growing economic influence:
The Uncanny Valley
The "Uncanny Valley of Wealth" The 'Uncanny Valley of Wealth' is the notion that humans will ultimately become unsettled by the growing economic and social power of an economy increasingly fueled by agentic-AI and soon, machine-to-machine. This is a variant of the Japanese roboticist Masahiro Mori in 1970 who published the essay "Uncanny Valley." His hypothesis describes the unsettling feeling people often get when they encounter something that looks almost human. Crypto faced macro headwinds in 2026 including bond markets pricing a "hawkish" flip by global central banks, the slow progress of the Clarity Act, AI outperformance (aka FOMO, or fear of missing out) and underperformance of financials. As we move through 2026, we believe many of these headwinds could turn into tailwinds. While many simply say just attribute this to 'crypto winter,' 2026 has seen much positive fundamental progress including many banks announcing tokenization of assets, new Ethereum Layer 2 (L2) launches, such as Robinhood Chain. This is a contrast to the 2018 and 2022 crypto winters where regulatory headwinds and collapse of crypto institutions marked those declines. The Chairman believes that Ethereum is positioned to benefit from two exponential drivers of Wall Street building rails on blockchain and agentic-AI (as discussed above). The Chairman also discusses how Bitmine is positioning itself strategically for the important drivers of the next crypto upcycle supporting key infrastructure partners and strengthening the Ethereum ecosystem. The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. These forward-looking statements can be identified by terms such as "expects," "projects," "projected," "intends," "believes," "anticipates," "estimates," and similar expressions. This document specifically contains forward-looking statements regarding: (i) the Company's goals regarding ETH acquisition, including the "Alchemy of 5%" initiative and the expectation that Bitmine will reach this goal sometime in 2026; (ii) the Company's beliefs and expectations regarding the cryptocurrency market, including the belief that macro headwinds faced by crypto in 2026 could turn into tailwinds; (iii) the Company's belief that Ethereum is a critical interface to protect humans from downstream implications of the increasing capabilities of AI, including the "Uncanny Valley of Wealth" thesis regarding the growing economic and social power of an economy increasingly fueled by agentic-AI; (iv) the Chairman's belief that Ethereum is positioned to benefit from two exponential drivers of Wall Street building rails on blockchain and agentic-AI; (v) the Company's belief regarding the positioning of Bitmine for the important drivers of the next crypto upcycle, including supporting key infrastructure partners and strengthening the Ethereum ecosystem; and (vi) the future growth and advancement of the Company's Ethereum treasury strategy. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations, and proposed future business; the competitive environment of Bitmine's business; market conditions affecting the trading price of the Company's common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of the GENIUS Act and other pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability, and security of the Company's staking operations; risks related to AI systems and their impact on cryptocurrency markets; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
The gold daily chart shows price defending $4,000 following a death cross, with $4,200 resistance above. Source: TradingView. The gold market has fallen pretty significantly during the trading session on Thursday, and at this point, it’s worth noting that the $4,000 level continues to be an area of support. Now the market will be asking questions about the overall uptrend. If we can find some buyers coming back into the market, that could help gold, but at the same time, we also have the 50-day EMA breaking below the 200-day EMA a few days ago, kicking off the so-called death cross. Interest rates in America are climbing, which typically will cause some issues for gold.
Technical Indicators and Support Boundaries That being said, we’re still very much in a consolidation range, and until we break down below the $3,900 level, I would still consider it to be so. The $4,200 level above could be thought of as a potential short-term resistance barrier.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Solstice Advanced Materials, Inc. ("Solstice" or the "Company") (NASDAQ: SOLS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Solstice and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 6, 2026, Solstice issued a press release announcing an agreement to acquire Element Solutions ("Element") "in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt." Although Solstice's Chief Executive Officer described the "combined company [as] very well-positioned to benefit from generational tailwinds in high-growth end markets" and touting Element's purportedly "highly complementary capabilities, deep customer relationships and a technical service-led model", Solstice's stock price fell sharply as the market reacted to news of the Element acquisition, closing at $68.05 per share on July 6, 2026 – representing a decline of $12.14 per share, or 15.14%, from the Company's July 2, 2026 closing price.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Futu Holdings Ltd. ("Futu" or the "Company") (NASDAQ: FUTU). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Futu and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until August 25, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Futu securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On May 22, 2026, Reuters published an article entitled "China to crack down on 'illegal' cross-border securities." The article reported that China "would punish brokers it accused of illegally moving money to foreign markets[.]" The article further reported that online brokers, including Futu, "would be penalised for soliciting business in China without an onshore licence[.]"
On this news, the price of Futu American Depositary Shares ("ADSs") fell $34.10 per ADS, or 27.5%, to close at $89.76 per ADS on May 22, 2026.
Then, on May 28, 2026, Futu issued a press release reporting its financial results for the first quarter 2026, including net income of HK$831.0 million (US$106.0million) after giving effect to the proposed penalties comprised of: "(i) confiscation of illegal gains of approximately RMB470 million [approximately $69.21 million USD], and (ii) imposition of fines of approximately RMB1.38 billion, [approximately $20 billion USD] in an aggregate amount of approximately RMB1.85 billion." The press release reported this adjustment under the Company's financial statements as "Others, net" in its statements of comprehensive income for the applicable period.
On this news, Futu's ADS price fell $5.31 per ADS, or 4.8%, to close at $104.91 per ADS on May 28, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
LONDON, Ontario, July 16, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (TSX: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced that its collaboration with ECOCE, A.C. (“ECOCE”) has advanced to the next phase following completion of Phase 1 feedstock mapping and stream selection. Selected post-consumer flexible plastic packaging streams in Mexico are now moving into a Hydrochemolytic™ Technology (“HCT”) test campaign to evaluate their conversion into liquid hydrocarbon products for downstream circular plastics applications.
The collaboration, announced in December 2025, is structured as a phased, data-driven evaluation of flexible plastic packaging collected through recovery systems in Mexico. Phase 1 drew on ECOCE’s ongoing national feedstock mapping program, conducted for its member companies, from which the parties completed the selection of candidate material streams for the next stage of work. Led by ECOCE, the mapping identified multiple post-consumer flexible packaging streams and assessed them for estimated availability, collection routes, physical form, contamination profile, and preparation requirements. The work identified candidate streams with sufficient available volume to support an industrially relevant evaluation and with material characteristics that warrant advancement to HCT testing.
Flexible plastic packaging is one of the most difficult material categories to manage within existing recycling systems. These streams can include polyethylene, polypropylene, and multilayer packaging formats, along with inks, adhesives, mixed structures, small formats, and varying levels of contamination. In line with the waste hierarchy, reduction, reuse, and mechanical recycling remain preferred options where they are technically and economically viable. For flexible packaging streams that are not well suited to mechanical or physical recycling, the collaboration is evaluating whether HCT can provide a route to recover hydrocarbon value from these materials and help return them to the plastics value chain.
ECOCE has identified flexible plastic packaging as a major and growing material category in Mexico, with available data indicating that approximately 1.5 million tonnes of flexible plastic packaging are generated annually in the country. Phase 1 has built on that market context by mapping candidate flexible and multilayer plastic packaging waste streams, including material categories, collection routes, geographic sourcing, and indicative contamination levels. The materials mapped through Phase 1 include flexible polypropylene packaging, flexible polyethylene packaging, and multilayer flexible packaging, including common post-consumer formats such as snack and cookie wrappers, grocery and bread bags, seed and grain packaging, pet food packaging, cold-cut and dairy packaging, and resealable pouch formats.
ECOCE’s work with leading food and beverage companies, representing more than 400 brands, gives the collaboration practical relevance to packaging value-chain priorities and the need for credible circularity options for difficult-to-recycle flexible packaging. The objective is to build an evidence-based understanding of how selected flexible packaging streams can move through a circular value chain: from post-consumer collection and characterization, through feedstock preparation and HCT conversion, to liquid hydrocarbon products for evaluation by petrochemical and polymer value chains.
With Phase 1 complete and the next-phase testing program defined, the collaboration now moves into HCT testing of selected material streams. Aduro will begin with lab-scale evaluation to assess how selected Mexican flexible and multilayer plastic waste streams respond to HCT, including processability, product characteristics, yield, residues, contaminant behaviour, and mass balance. As part of this next phase, Adrián Velasco, Director of Flexible Plastic Packaging at ECOCE, will visit Aduro facilities to review the testing pathway, sample requirements, and pilot-scale development program. The visit will help align ECOCE’s knowledge of recovery systems in Mexico with the Company’s technical evaluation process as selected streams move from feedstock mapping into HCT testing. Successful lab-scale results will inform progression to Phase 3 testing on the Next Generation Process (“NGP”) Pilot Plant to support scale-up assessment, customer evaluation, and future commercial analysis.
“Phase 1 has moved this collaboration from a market opportunity into a defined technical feedstock program,” said Ofer Vicus, CEO of Aduro. “ECOCE brings practical insight into how flexible packaging moves through Mexican recovery systems, helping us select representative material streams for HCT testing. The next phase will generate the data that matters for scale-up and economics, including processability, product quality, yield, contaminant behaviour, and the potential value of HCT-derived liquids as circular hydrocarbon feedstocks. This is how Aduro advances commercialization: by connecting real materials, downstream requirements, economic validation, and a clear pathway from lab testing to the NGP Pilot Plant.”
“Flexible plastic packaging is one of the most important material-management challenges in Mexico,” said Adrián Velasco, Director of Flexible Plastic Packaging at ECOCE. “Through this collaboration, ECOCE is helping connect real recovery-system data with the technical work needed to evaluate circular solutions for these materials. My visit to Aduro facilities as the collaboration moves into HCT testing will allow us to review the testing pathway directly, align on sample requirements, and better understand how selected Mexican flexible packaging streams could be evaluated for return to the plastics value chain.”
Results from the next phase will give Aduro and ECOCE the technical and economic evidence to help assess material suitability, product quality, scale-up requirements, and future commercial options for returning difficult-to-recycle flexible packaging to the plastics value chain.
About ECOCE
ECOCE, A.C. is a non-profit civil association in Mexico created and supported by the food and beverage industry to promote the proper management, collection, and recycling of post-consumer packaging waste. ECOCE brings together leading beverage and food companies, representing more than 400 brands, along with strategic allies working to advance circular economy practices for packaging in Mexico.
ECOCE works with industry, government, educational institutions, civil society, and citizens to strengthen recycling culture, support proper separation and recovery of packaging materials, and help direct post-consumer packaging into recycling systems. As ECOCE expands its focus from PET and other established material streams to flexible plastic packaging, it brings practical knowledge of Mexico recovery systems, packaging formats, collection infrastructure, and member-company circularity priorities. For further information, visit www.ecoce.mx.
About Aduro Clean Technologies
Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century. For further information, visit www.adurocleantech.com.
For further information, please contact:
Abe Dyck, Head of Corporate Development / Investor Relations [email protected]
+1 226 784 8889
Carla Gamboa
Director of Marketing & Communications [email protected]
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws, including the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release include, but are not limited to: statements regarding the collaboration between Aduro and ECOCE; the characterization, selection, and evaluation of Mexican flexible plastic packaging streams; the potential application of Aduro Hydrochemolytic™ Technology to post-consumer flexible plastic packaging; the planned progression from lab-scale testing to potential Next Generation Process Pilot Plant trial runs; the potential generation of product-quality, mass-balance, scale-up, customer evaluation, technical, and commercial assessment data; market demand for circular feedstocks; the potential for HCT-derived hydrocarbon products to support petrochemical and polymer value chains; the potential development of business models or future HCT-based facilities in Mexico; and broader commercialization and market development plans.
Forward-looking statements are based on management current expectations and assumptions, including assumptions regarding: the availability, quality, composition, and suitability of feedstock streams; the ability of ECOCE to provide relevant feedstock information; the ability of Aduro to conduct staged technical testing; the performance of HCT across selected material streams; the scalability of results from lab-scale testing and NGP Pilot Plant operations; the availability of partners, customers, facilities, capital, and regulatory approvals; continued demand for circular feedstocks; and the stability of policy, market, and economic conditions supporting circular plastics. These statements are subject to a number of risks and uncertainties, including, but not limited to: the risk that selected materials may not be suitable for HCT processing; the risk that lab-scale or NGP Pilot Plant results may not support commercial application; the risk that product quality, yield, mass balance, or economics may not meet expectations; challenges in sourcing, preparing, shipping, or processing feedstock; delays in testing, analysis, contracting, permitting, financing, or partner engagement; changes in regulatory frameworks or market acceptance of circular feedstocks; competition from other recycling or waste-management pathways; risks related to the Company’s technology and intellectual property; risks related to market acceptance and commercialization; risks related to changes in laws, regulations, or policies; and other factors described in the Company’s public filings available at www.sedarplus.ca and on the SEC’s website at www.sec.gov. Actual results may differ materially from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, Aduro undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/c6e45f47-4c07-4bdd-a9fa-758574558e87
Oscar Health (OSCR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Cerebras Systems Inc. ("Cerebras" or the "Company") (NASDAQ: CBRS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Cerebras and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On or around May 14, 2026, Cerebras completed its initial public offering ("IPO"), selling 30 million shares of Class A common stock priced at $185.00 per share. Then, on June 24, 2026, Cerebras reported its financial results for the first quarter of 2026. Among other items, Cerebras reported a loss of $0.22 per share, missing analyst estimates of a $0.16-per-share loss. In addition, Cerebras forecast a narrower gross margin in its core business, excluding impact from customer warrants and data center pass-through revenues.
On this news, Cerebras's stock price fell $44.46 per share, or 19.61%, to close at $182.26 per share on June 24, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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Space Exploration Technologies (SPCX +1.14%), also known as SpaceX, is a polarizing stock. One one side of the fence, you have people touting the company's massive opportunities in space exploration, satellite broadband, and artificial intelligence (AI), while on the other side, people point to its deep bottom-line losses and astronomical valuation.
Wall Street coverage has started out strong, and one analyst thinks the stock is going to reach $800 over the next 12 months, a 488% gain from Tuesday's closing price. If that were to happen, SpaceX would be valued at $8.7 trillion, making it the most valuable company in the world, at least based on the current market caps of its megacap peers. Here's why I don't think that's going to happen.
The $28 trillion opportunity SpaceX has grouped its operations into three business units since its merger with xAI earlier this year. Its core mission is to put people and payloads into space, and develop multiplanetary living. To that end, it's the largest rocket launcher in the world, working with both private and government clients. Elon Musk fans are excited about this revolutionary vision, and since Musk has been involved with several transformational companies in the past, including Tesla and PayPal Holdings, they're confident about his prospects in this case, too.
Image source: The Motley Fool.
The other two segments, satellite broadband and AI, work in tandem with the space business. SpaceX already has more than 9,600 satellites in low Earth orbit, where they provide broadband internet connectivity in regions that lack other alternatives. Musk also envisions putting data center satellites in space, powered by the sun, to support the growth of AI.
Management has pegged the company's total addressable market at $28 trillion, and Wall Street is excited about the opportunity. Raymond James analyst Brian Gesuale (the one who put that $800 price target on the stock) pegs it at $30 trillion and initiated coverage of SpaceX stock with a strong buy rating. "Just as railroads, electric grids, and the Internet reshaped prior economic eras," he said, "we believe SpaceX is building the foundational platform for the next generation of industrial capacity."
Why it doesn't look likely SpaceX may or may not have such a massive addressable market -- which would be larger than any country's gross domestic product except that of the United States -- and in the near term at least, it's not demonstrating signs of reaching it. The company as a whole has been reporting healthy, but not dramatic, growth. It's also reporting losses, and as it starts adding stock-based compensation to its expenses, those losses may widen before they contract.
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In Q1 2026, total revenue increased 15% year over year to $4.7 billion, with a $2 billion loss. Both the space segment and the AI segment are losing money, although the Starlink satellite business reported a $1.2 billion operating profit in the quarter.
These kinds of numbers don't indicate a stock that's going to increase more than fourfold over the next year, and so far, the stock has been falling. I'd take the sell-side analyst's optimistic view with a very large grain of salt.
Over the last few years, Space Exploration Technologies (SPCX +0.90%) has undergone an interesting transformation from pioneering rocket launches to a more diversified infrastructure business. With its recent initial public offering (IPO), SpaceX blends established space capabilities with emerging connectivity and compute operations, positioning the company for substantial scale by 2030.
Against this backdrop, a $1,000 investment in SpaceX stock today could deliver meaningful upside under reasonable growth and valuation assumptions, though final outcomes hinge on successful execution across its various segments.
Image source: Getty Images.
Breaking down SpaceX's current business profile SpaceX operates three unique segments: The space business centers on launch cadences from the Starship system, Starlink's connectivity network provides low-orbit broadband, and the company offers AI infrastructure by leasing compute capacity and developing new frontier models.
Starship's mission is to lower the cost of reaching orbit through rocket reusability. By doing so, SpaceX unlocks new applications in satellite deployment and space manufacturing. Meanwhile, Starlink provides high-speed internet through its rapidly growing satellite constellation, serving both consumers and enterprises expanding mobile and direct-to-cell capabilities. Lastly, the AI segment division builds and monetizes advanced compute infrastructure, including terrestrial data centers and future orbital systems.
According to SpaceX's S-1 filing, the company generated $18.7 billion in total revenue in 2025. The connectivity segment, driven by Starlink, generated roughly $11.4 billion in sales and stood out as the only profitable segment, with operating income of $4.4 billion. Starlink's profitability is supported by recurring subscription revenue from a growing subscriber base exceeding 10 million.
The space segment generated $4.1 billion in revenue but recorded an operating loss of $657 million, largely due to heavy investment in Falcon reusability and ongoing research and development (R&D) expenses. Meanwhile, the AI segment contributed $3.2 billion in revenue but posted a substantial operating loss of $6.4 billion amid higher cloud computing costs and infrastructure build-outs.
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What is SpaceX's revenue outlook through 2030? Projections from Wall Street analysts largely reflect strong growth potential across each of SpaceX's core segments. The consensus bullish view is supported by Starlink's subscriber expansion, Starship-enabled launch volume increases, and ongoing scaling of AI compute demand.
Some of the higher revenue outlooks among analysts come from Goldman Sachs and Morgan Stanley. Goldman projects SpaceX's total revenue will reach $474 billion by 2030, while Morgan Stanley provides a somewhat more measured view at roughly $330 billion. Clearly, these figures represent a dramatic step change from SpaceX's current base -- assuming successful execution on rocket reusability, Starlink constellation growth, and compute commercialization.
What will SpaceX stock be worth by 2030? Let's have some fun with numbers. In the scenarios below, I'll apply a range of price-to-sales (P/S) multiples to the 2030 revenue estimates detailed above. By doing so, we can calculate a wide range of implied market capitalizations. The valuation multiples reflect varying degrees of investor optimism: 10x for a more mature business, 15x as a blended base case, and 25x for sustained hypergrowth akin to disruptive technology platforms.
Under Morgan Stanley's $330 billion revenue scenario, SpaceX's implied market cap ranges from $3.3 trillion to $8.25 trillion. Relative to the company's current market capitalization of approximately $1.8 trillion, these equate to upside potential between 83% and 358%. Under these conditions, a $1,000 investment today would be worth roughly $1,830 at the low end and $4,580 at the high end.
Using Goldman's higher revenue projection, the outcomes improve even further. SpaceX's future market cap could reach anywhere between $4.7 trillion and $11.8 trillion. This would turn a $1,000 initial investment into approximately $2,611 (161% upside) to $6,555 (556% upside), respectively.
These scenarios illustrate the sensitivity of future returns based on revenue and the underlying multiple investors apply. While Starlink's profitability and recurring revenue provide a visible foundation for growth, and improvements across Starship and AI infrastructure can support a premium multiple, risks surrounding execution, competition, and capital intensity remain.
Even though a $1,000 position held through 2030 could deliver meaningful gains under favorable conditions, smart investors should weigh the variety of possible outcomes before pouring into SpaceX stock.
At first blush it would be easy to assume it's just another rekindling of the online feud between two celebrity CEOs that's been on-again/off-again since early last year.
Just for the sake of certainty, though, it can't hurt to put a public suggestion to the test. And as it turns out this time, OpenAI CEO Sam Altman may have a legitimate concern about Space Exploration Technologies Corp. (SPCX +1.14%) founder and chief executive Elon Musk's plans for putting artificial intelligence (AI) data centers in space.
Image source: Getty Images.
What was said Putting AI data centers in space is not quite as ridiculous as it sounds. An average-sized earthbound data center can span several football fields. They also generate enormous amounts of heat that must be addressed, but such cooling consumes even more electricity, which can still create heat while simultaneously polluting the planet. Putting AI data centers in orbit potentially addresses both problems. Not only is space inherently cold, but beyond the Earth's atmosphere, solar energy is abundant.
And, the technology needed to make this idea work technically exists.
Turning the idea into a cost-effective reality at a meaningful scale, however, is much easier said than done. In fact, Altman doesn't expect SpaceX to do it anytime soon, if ever. In a July 11 post on the social media platform X aimed at Musk, Altman wrote:
homeboy you're the one selling public market investors on short-term space datacenters
It's a reference to the filing made prior to SpaceX's recent initial public offering, which (among other things), indicates "SpaceX's reusable rockets, scaled satellite manufacturing, and operational expertise can enable the cost-effective and rapid deployment of massive AI compute satellite constellations -- with potentially millions of satellites -- for orbital data centers." And, never say never.
Musk's response of "We start flying them next year," however, may gloss over some important realities.
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Chief among these realities is that the reliability and reusability of SpaceX's so-called Starship isn't exactly ironclad. For that matter, the booster lifting the reentry vehicle into space isn't exactly mishap-free enough to load up with hundreds of millions of dollars' worth of AI computing equipment just yet, either (although it is getting markedly better). The degree of reliability and sheer launch capacity Musk is talking about is still years away.
To this end, as Altman has commented in more than one recent interview, he doesn't see space-based AI data centers as a relevant option for at least the next several years, simply due to the technical challenges involved, such as making repairs or cost-effectively putting them into orbit in the first place. Never mind the scarcity of the bandwidth and spectrum needed to wirelessly deliver all of the digital data that orbiting AI data centers would be creating.
Plan on a long wait Looking past the personality clash on display here, Altman's assessment is more right than it's wrong -- the logistical challenges of turning space-borne artificial intelligence data centers into a meaningful, profitable business are enormous. They'll almost certainly be resolved in time. Musk, however, has already demonstrated a penchant for overpromising and underdelivering as he turned Tesla into the EV powerhouse it is today.
Just keep in mind that Musk did eventually do it. The tough part for Tesla shareholders was just the unexpectedly long wait.
SpaceX has become one of Wall Street's biggest targets for short sellers just weeks after completing the largest initial public offering in history, as investors increasingly bet that the Elon Musk-led company's blockbuster valuation could come under pressure.
The stock briefly slipped below its $135 IPO price on Wednesday before recovering to close at $135.27, marking the first time it has traded below its debut price since listing on the Nasdaq last month.
Shares have now fallen about 10% over the past five trading sessions.
According to data compiled by S3 Partners, short interest in SpaceX has climbed to 181 million shares, representing 28% of the company's 646 million-share tradable float.
Bloomberg reported that this is the highest level ever recorded for a newly listed company during its first month of trading.
Unrealised gains for short sellers have already reached approximately $3.88 billion.
The pace of bearish positioning has accelerated sharply.
In the past week alone, investors added approximately 37 million shares worth about $5 billion to short positions.
S3 Partners' head of predictive analytics, Ihor Dusaniwsky, said the recent weakness in the stock, combined with the approaching expiry of insider lockup restrictions, has encouraged additional bearish bets.
"Recent share price weakness, combined with the approaching lockup expiration, is further stimulating short-selling demand," Dusaniwsky said.
The decline in SpaceX's shares comes after its highly anticipated IPO valued the company at about $2.1 trillion following its first day of trading.
Despite the recent pullback, the company still trades at around 49 times expected revenue, making it one of the most expensive large-cap technology companies on Wall Street.
By comparison, fellow Musk-backed company Tesla trades at roughly 15 times expected revenue.
Investors have also become more cautious after SpaceX raised $25 billion through the bond market last month to finance the expansion of its artificial intelligence infrastructure.
The move added to broader concerns that aggressive AI-related capital spending across the technology sector could pressure future returns, particularly if interest rates remain elevated.
"The stock's retreat seems to be a combination of profit-taking, valuation reassessment and the unwinding of extremely bullish positioning following one of the most anticipated listings in recent years," said Daniela Hathorn, senior market analyst at Capital.com in a Reuters report.
Investors are preparing for two key catalysts that could increase volatility over the coming weeks.
The company is expected to conduct its 13th Starship test flight, while second-quarter earnings are anticipated during the first week of August.
Attention is also turning to the expiry of lockup restrictions for insiders.
Although SpaceX completed the largest IPO in US history, less than 5% of its outstanding shares were made available for public trading, creating a scarcity that helped propel the stock following its debut.
As lockup restrictions begin to expire, millions of additional shares could enter the market, potentially increasing selling pressure.
Despite the recent correction, Wall Street remains broadly optimistic on the company's long-term prospects.
According to LSEG data, 27 of the 32 analysts covering the stock recommend buying it, while four maintain neutral ratings and only one has a sell recommendation.
However, several high-profile investors and analysts have come to reiterate their bearish stance after the stock price decline.
Former Fidelity Overseas Fund manager George Noble told Business Insider that investors should "expect the price to completely crash."
"I think it could be half over the course of the year," Noble said, adding that he believes a fair value for the shares is around $30, implying a decline of roughly 78% from current levels.
Jay Ritter, the economist widely known as "Mr. IPO" for his research on public listings, said he had considered shorting SpaceX before its market debut and was not surprised by the recent decline.
CFRA analyst Keith Snyder has also maintained his sell rating since the IPO.
"I am still negative on the valuation at these levels and haven't seen anything that would change the story for me," Snyder told Business Insider, adding that only substantially stronger growth would alter his view.
A Reuters analysis of 50 major US IPOs since 2010 found that companies whose shares fell below their IPO price within the first two months of trading generally went on to underperform those that remained above their offering price, although most still delivered positive long-term returns.
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SpaceX (NASDAQ:SPCX | SPCX Price Prediction) trades at $135.27, sitting right on its $135 IPO price from June. The average Wall Street price target sits at $242.22, implying 79.06% upside from current levels.
That gap widens when you notice the outlier. Raymond James analyst Brian Gesuale carries an $800 price target, implying roughly 491% upside from current levels. His thesis reframes SpaceX from a rocket company into a generational industrial platform, with a $10.5 trillion implied valuation tied to Starship economics and decentralized AI compute sold from orbit.
SpaceX went public on NASDAQ on June 12, 2026 in the largest capital raise in history, raising $75 billion at a $1.75 trillion valuation. The stock opened at $150, ripped past $225, and has since given all of it back.
A Round Trip Back to the IPO Price in Five Weeks SPCX has fallen 29.73% over the past month, wiping out every dollar of post-IPO gains and sending the newly minted mega cap back to its offering price. That qualifies as a violent unwind for a company that briefly carried a $2 trillion-plus valuation.
The selloff stemmed from profit-taking after retail piled in (over $70 billion in demand chased a limited float), broader tech-sector weakness, and growing valuation skepticism as the market chewed through what The Atlantic called a company “untethered from traditional corporate finance metrics.” A muted reaction to NASDAQ-100 inclusion confirmed the mood had shifted.
The bear case has real substance. CFRA opened coverage at $115, sitting below where the stock trades today. Reddit’s biggest recent SPCX post is titled “The math isn’t mathing on the SpaceX IPO.”
Why the Sell Side Is Sticking With the Bull Case Coverage skews decisively bullish, with 7 Buy ratings, 3 Holds, and 1 Sell. The pitch rests on Starlink, Starship, and the newly bolted-on xAI compute business as three distinct S-curves that public markets have never underwritten together.
With implied upside above 40%, the analyst thesis deserves careful reading. Raymond James’s Gesuale is the most aggressive voice, modeling $837 billion in company revenue by 2031 if Starship reaches full reusability. That math depends on a second stage that lands and reflies, which SpaceX plans to attempt in the back half of 2026.
The near-term bridge is compute. Sell-side revenue models now flex from $18 billion in the S-1 toward roughly $62 billion next year on Colossus GPU rental deals with Anthropic ($1.25 billion per month) and Google ($920 million per month). If SpaceX’s first post-listing quarterly report (due late this month) validates the run rate, the $242 average target moves within range.
The Peer Group Sold Off Together, but SPCX Fell Hardest Every US-listed space peer sold off with SPCX, though none matched the drawdown.
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Rocket Lab (NASDAQ:RKLB) trades at $76.20, down 30.25% over the past month. Its consensus target sits at $116.57, implying 52.98% upside, with 14 Buys and 3 Holds. Analysts view Rocket Lab as the cleaner Neutron and defense story.
AST SpaceMobile (NASDAQ:ASTS) sits at $67.58, off 24.28% over a month, with a $81.47 target and 20.55% upside. Coverage is more balanced at 2 Buys, 7 Holds, and 2 Sells after a nasty Q1 double miss.
The largest analyst-implied upside in the group belongs to SPCX. Wall Street treats the primary name as the most dislocated stock in a dislocated sector.
What the Numbers Actually Show SPCX trades at $135.27 against a consensus target of $242.22, for 79.06% implied upside across the 11 analysts covering it. The stock is down 29.73% over the past month and 8.79% in the past week.
Over the same one-month window, the S&P 500 ETF (SPY) was essentially flat, and it has posted a 10.69% year-to-date gain. SPCX-specific pressure drove the move while the broader market stayed roughly flat.
The Rocket Company vs. the Space Data Center The case for SpaceX here rests on whether Starlink and Starship execution alone justify a return to $200-plus. That path is credible: reusable second-stage progress, index buying, and a first earnings report showing the Anthropic and Google run rates would rebuild momentum quickly.
The more cautious view questions the Raymond James thesis. The $800 target depends on space-based data centers requiring roughly 200 Starship launches per gigawatt, unproven repair economics, and pricing power that CoreWeave-style comps at $63 billion do not obviously support. Ninety-day cancellation clauses on the biggest GPU contracts add fragility to the boldest case.
The balanced read is cautiously constructive at the IPO price, skeptical of the moonshot target. A $242 consensus with a hard Starship catalyst on the calendar is reasonable risk/reward. Underwriting $800 requires believing SpaceX becomes the internet’s power grid. That’s a story that warrants seeing the second-stage recovery test before paying for.
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It's been barely over one month since Space Exploration Technologies (SPCX +0.90%), popularly known as SpaceX, debuted on the Nasdaq stock exchange. In that short span of time, Cathie Wood's high-profile Ark Invest has continually increased its holdings of the company. None of the exchange-traded funds (ETFs) run by the investment and asset management firm has yet to sell a single share of the Elon Musk-led company.
Let's take a glance at these most recent buy-ins.
Image source: Getty Images.
SpaceX is finding a place in multiple Ark ETFs Last week, Wood and her team were avid buyers of SpaceX. On Tuesday, Ark Invest dipped its toes in the water as the stock hit its post-IPO lows, snapping up 44,196 shares valued at around $6.6 million. The following trading session saw the investment firm buy a much larger pack of 181,847 shares for roughly $27 million. Putting a cap on the week, on Friday, Ark snapped up 116,971 at around $17.8 million.
Per the famous firm's habit with large-scale buys, it allocated its brand-new SpaceX shares among several of its future-focused ETFs: 220,715 found their way into the Ark Innovation ETF (ARKK 2.12%), the Ark Autonomous Tech & Robotics ETF (ARKQ 1.86%) took in 70,531, and the Ark Next Generation Internet ETF (ARKW 1.59%) absorbed 28,763.
Somewhat incongruously, the Ark Space & Defense Innovation ETF (ARKX 1.98%) brought up the rear with 23,005 shares.
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Ark has been a long-term investor in SpaceX for longer than most of us. That's because the firm began accumulating the company's shares even before the IPO, through its Ark Venture Fund (ARKVX +0.04%), which invests in businesses before they list on stock exchanges. It still holds them to this day.
This, along with massive buy-ins on the stock's first day of trading and subsequent continuous purchases, has led certain Ark ETFs to amass impressively large stakes. With the above-mentioned transactions, the tally for the four non-Venture ETFs now stands as follows:
ETFNo. of sharesTotal valueArk Innovation1,946,984$296 millionArk Autonomous Tech & Robotics836,475$127 millionArk Space Exploration & Innovation481,706$73 millionArk Next Generation Internet366,817$56 million Data source: Ark Invest as of July 10, 2026. Note: The total value figures are rounded estimates.
Ark likes that SpaceX is 4 businesses in 1 Collectively, Wood and Ark love nothing less than a company pushing hard into the future, and that's one of the great appeals of SpaceX stock. It's a space exploration business, a developer of both artificial intelligence (AI) technology and the hardware that powers it, an important satellite communications company, and the operator of social media platform X (formerly Twitter).
While most of these businesses are cutting-edge and exciting, only one (the connectivity unit anchored by the Starlink satellite business) posted an operating profit last year. That came in at $4.4 billion. Meanwhile, another -- AI -- booked an extremely deep loss of nearly $6.4 billion.
SpaceX, as a company, is a mishmash of businesses that aren't necessarily synergistic. The space and AI units (the latter of which includes X) are likely to continue posting losses, possibly for years. That's sure to sap the considerable strength of the connectivity division's satellite operations. Personally, I'd be much more cautious about investing in SpaceX than Wood and her team.
Není to zase tak dávno, co se zájem investorů přesouval od zvedání sazeb k jejich snižování. A tomu, co takový obrat a krok obvykle udělal s akciovým trhem. Nyní se očekávání zase posunula k růstu sazeb Fedu. S tím se zase objevují připomínky historie k tomu, co takový cyklus dělá s akciemi. Dnes k tomuto tématu spolu s tím, co ve skutečnosti má a nemá zase takový význam.
Abychom tomu nejdříve dali nějakou kotvu: Sazby Fedu jsou nyní mezi 3,5 – 3,75 %. Dejme tomu, že sazby neutrální, tedy ekonomiku nebrzdící, ani nestimulující, by teď byly u 3 %. To dohromady znamená, že sazby skutečné působí stále poněkud restriktivně (jsou nad neutrálními). Tedy působí jako určitá brzda, což by v principu odpovídalo tomu, že inflace se drží stále nad cílem a trh práce, respektive ekonomická aktivita, nejsou pod žádným znatelnějším tlakem.
Typický cyklus sazeb bychom si přitom mohli představovat tak, že Fed ekonomiku stimuluje, sazby jsou pod neutrálními, ale s tím, jak se hospodářství přehřívá, se sazby posouvají k neutrálu a pak nad něj. A po čase zase pod něj tak, jak ekonomická aktivita klesla pod svůj potenciál. A „vyžaduje“ monetární podporu. Celé by to mohlo vybízet k úvahám o tom, nakolik monetární politika vlastně cyklus tlumí a nakolik jej sama živí, ale to nechme nyní stranou. Chci jen o to poukázat na to, že plnohodnotný cyklus by mohl být vnímán jako překračování neutrální sazeb z jedné a pak z druhé strany.
V tomto smyslu tedy ještě neskončil cyklus poklesu sazeb. Protože ty se směrem odshora ještě nedostaly pod neutrální sazby tak, aby mohl začít nový, plnohodnotný cyklus zvedání. To platí v případě, že neutrální sazby jsou někde u oněch 3 %. Pokud by byly třeba u 4 %, pak je nyní již kvalitativní stránka monetární politiky stimulační. A pokud by přišlo zvedání sazeb, šlo by o skutečně nový cyklus ve výše uvedeném slova smyslu. V tomto druhém případě by mělo jít o udržitelnější trend, ne jek krátký skok v sazbách a krátkodobé přerušení trendu.
Tento rozdíl může být významný pro to, co by akcie vlastně dělaly. Docela se totiž dá uvažovat o tom, že pouhé krátkodobé přerušení trendu poklesu sazeb by mělo omezený dopad ve srovnání s obratem celého trendu jejich pohybu. Směrem nahoru. A následující graf ukazuje, že trhy nyní naceňují určité zvednutí sazeb, které by ale ve výše uvedené logice nebylo asi vyloženě novým cyklem. Goldman Sachs to navíc vidí jinak – další pohyb na trendu poklesu sazeb:
Druhý obrázek ukazuje, jak se v průměru a mediánu vyvíjela situace na americkém akciovém trhu kolem začátku cyklu zvedání sazeb. Poselství obrázku je celkem jednoduché – medián i průměr návratnosti je půl roku před první „hikem“ cca na nule, pak akcie vykážou negativní reakci, která cca do půl roka vymizí a akcie pak dál rostou. Do roka je průměrná návratnost u 10 %, mediánová cca na polovině:
Můj závěr všeho výše uvedeného může být ale překvapivý: Na trzích se příliš hovoří o sazbách centrální banky a příliš málo o finančních podmínkách, které jsou tím, co přímo ovlivňuje ekonomiku. Tyto FP mohou korelovat se sazbami, ale ani zdaleka nemusí. Patrné je to třeba u výnosů vládních dluhopisů, které jsou významnou součástí FP. A proměnnou, která na rozdíl od sazeb Fedu přímo ovlivňuje fundament akciového trhu: Pokud by Fed nyní sazby skutečně zvedl, nemusí to ani automaticky znamenat ještě vyšší sazby dluhopisů. Pokud by takový krok centrální banky snížil inflační očekávání trhu, výnosy by mohly mít i tendenci klesat. Pokud by Fed naopak sazby nezvedl a trhy to vyhodnotily jako inflačně liknavé jednání, výnosy dlouhodobějších obligací by mohly jít naopak nahoru.
Index Dow Jones -0,02 % na 52647,4 b. S&P 500 -0,45 % na 7538,29 b. Nasdaq Composite -1,08 % na 25985,74 b.
Nejsledovanější americké indexy v úvodu obchodování ztrácejí. Podle agentury Bloomberg výprodej akcií výrobců čipů táhne dolů celý akciový trh kvůli obavám, zda masivní investice do umělé inteligence dokážou ospravedlnit jejich vysoké valuace. Trh oslabuje také pod vlivem rostoucích cen ropy, které tlačí nahoru výnosy dluhopisů.
Zdravotnická společnost Abbott Laboratories (+14 %) posiluje poté, co zvýšila svůj celoroční výhled očištěného zisku na akcii, přičemž tento aktualizovaný výhled překonal průměrný odhad analytiků. Firma zároveň vykázala za druhé čtvrtletí očištěný zisk a čisté tržby, které předčily očekávání. Podrobnosti připravujeme v samostatné zprávě.
Daří se také akciím poskytovatele služeb v oblasti nákladní dopravy J.B. Hunt Transport Services (+8,1 %) poté, co společnost vykázala za druhé čtvrtletí očištěný zisk na akcii, který překonal průměrný odhad analytiků. Analytici vyzdvihují pokrok v jejím intermodálním podnikání, v němž společnost využívá dva nebo více způsobů přepravy.
Své výsledky zveřejnily také společnosti UnitedHealth Group (+7,9 %), General Electric Aerospace (-4,9 %) a TSMC (-2,5 %). Podrobnosti naleznete v jednotlivých zprávách.
Index S&P 500 -0,45 % na 7538,29 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Zdravotní péče +2,5 % Informační technologie -2,1 % Nezbytná spotřeba +2,2 % Průmysl -0,4 % Energie +1,1 % Komunikační služby -0,3 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Abbott Laboratories (ABT) +14 % Sandisk Corp (SNDK) -8,8 % JB Hunt Transport Services (JBHT) +8,1 % Seagate Technology Holdings (STX) -8,2 % UnitedHealth Group (UNH) +7,9 % Corning (GLW) -8,0 % Erie Indemnity (ERIE) +7,8 % Western Digital Corp (WDC) -7,5 % Dexcom (DXCM) +7,2 % Marvell Technology (MRVL) -6,6 % Zdroj: Bloomberg
Meta Platforms (NASDAQ:META | META Price Prediction | META Price Prediction) delivered Q1 2026 EPS of $10.44 versus a $6.66 consensus, a 56.79% beat, on revenue of $56.31 billion (+33.08% YoY). The stock sits at $656.73, roughly flat year to date.
When does META cross $700, and what needs to happen for that level to hold?
Why Meta Shares Are Stuck Despite a Blowout Quarter The overhang is CapEx. Management raised full-year 2026 capital expenditure guidance to $125 to $145 billion, up from $115 to $135 billion, and Reality Labs posted another $4.03 billion operating loss. The market is pricing execution risk on top of solid earnings.
Shares are down 8.18% over the past year and 0.34% YTD, even after ripping 15.93% over the past month and 9.4% in the past week. Beta of 1.246 explains these swings. Add regulatory pressure in the EU and youth-related litigation with trials scheduled in 2026, and the stock punishes bad headlines before crediting fundamentals.
Wall Street Sees 26% Upside. Our Model Says 38% The consensus analyst target is $828.34 based on 8 Strong Buy, 49 Buy, 6 Hold, and 0 Sell ratings. Our base case price prediction is $908.19, implying 38.29% upside, with a bull case of $1,033.28 and a bear case of $776.07. Confidence is 90%.
With 90% bullish analyst consensus and Q1 quarterly earnings growth of 62.4% YoY, the $828 target looks stale relative to Meta’s earnings trajectory. The near-term $700 level is a low bar on the way higher.
The Path to $700 Per Share Reaching $700 from today’s price of $656.73 requires a gain of 6.6%. With forward EPS of $41.13, a price of $700 implies a forward P/E of 17x. Our base case of $908.19 already implies 19x, meaning $700 simply requires the market to stop discounting the CapEx line, with no multiple expansion needed.
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Two catalysts drive the move. Meta’s 247Factor adjustment of 1.111 is powered by strong earnings acceleration and 90% bullish analyst consensus. Zuckerberg said on the Q1 call, “We had a milestone quarter with strong momentum across our apps and the release of our first model from Meta Superintelligence Labs” and reiterated Meta is “on track to deliver personal superintelligence to billions of people.”
Ad impressions rose 19% YoY while price per ad rose 12%, the AI-driven monetization engine funding the buildout. Our model has $700 arriving by October 2026. The primary risk is a Q3 CapEx surprise that pushes 2027 free cash flow guidance lower.
Where Meta Trades Today vs Its Earnings Power At $656.73 against forward EPS of $41.13, META trades at a forward P/E of 16x. That is cheap for a business growing revenue 33% YoY with 41.44% operating margins. The stock sits 17% below its 52-week high of $793.65 and well off the low of $519.78. META has returned 466.85% over ten years. The valuation gap is the thesis: earnings compound faster than the multiple expands.
Is $700 Realistic? Reaching $700 requires a 6.6% gain, and this target is realistic on a base-case timeline landing in fall 2026.
Three things must go right: Q2 revenue lands inside the $58 to $61 billion guidance, ad pricing holds double-digit growth, and Reality Labs losses do not widen materially from Q1. A Q3 CapEx revision above $145 billion without matching revenue acceleration derails it.
Prediction markets currently price the $700 print at 21.5% in the week-of-July-13 window, which reads too low given the earnings power on the table. We’ve outlined the blueprint for how Meta Platforms could reach $700 in 2026.
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Uber Technologies (UBER, Financials) has formally offered to buy Germany's Delivery Hero in a deal valued at about $14.8 billion.The company is offering â¬41.5
Uber CEO Dara Khosrowshahi joins 'Squawk Box' to discuss the company's $14.8B deal to buy German food delivery company Delivery Hero, global rideshare competition, and more.
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Uber stock is trading slightly higher. What’s the outlook for UBER shares? Boards Back Offer, Prosus Commits StakeSeparately, Delivery Hero has agreed to sell businesses spanning 14 markets — where Uber Eats and Delivery Hero already overlap — to SSW Partners for approximately $1.6 billion. Uber will not control those businesses, and SSW will independently find strategic partners to position them for long-term success.
Deal Structure and FinancingWhy It Matters“By bringing our platforms together, we will extend affordable, reliable delivery to many millions more people in many of the world’s most dynamic economies,” said Dara Khosrowshahi, CEO of Uber.
Uber Shares Edge HigherUBER Price Action: At the time of publication, Uber shares are trading 1.05% higher at $73.43, according to data from Benzinga Pro.
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FILE PHOTO: A specially designed Google logo, during the opening of Google's new Artificial Intelligence (AI) centre in Berlin, Germany, March 5, 2026. REUTERS/Annegret Hilse/File Photo Purchase Licensing Rights, opens new tab
CompaniesBRUSSELS, July 16 (Reuters) - Alphabet's (GOOGL.O), opens new tab Google will have to help OpenAI and other AI rivals as well as online search engine competitors access its services to comply with EU rules curbing the power of Big Tech, EU regulators said as they set out the details of the requirements.
The move by the European Commission, which acts as the EU competition enforcer, came six months after the regulator opened so-called specification proceedings to assist the world's most popular internet search engine to comply with the Digital Markets Act.
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Google reiterated its criticism of the EU-mandated changes.
"Today's decisions risk undermining vital privacy and security guardrails for millions of Europeans," Google's lawyer Kent Walker said in an email.
"We have repeatedly offered solutions to safeguard users while satisfying the DMA's goals, but these rulings discount extensive evidence of user harm," he said.
The Commission said Google will open up 11 features on its Android operating system to AI rivals to access key functionalities and better compete with Google's Gemini AI service.
This would mean that users can activate a rival AI assistant via voice commands, similar to the 'hey Google' command, to book a taxi or search for information on places. Users will benefit from the changes from July 2027 in the next iteration of Android.
The Commission said the measures contain robust safeguards to protect users' privacy and device security, and that Google will only offer the 11 features to rivals who fulfil security and privacy criteria.
The EU decision also requires Google to share the data that it collects to optimise its own search services with OpenAI and other AI chatbots with search functionalities, subject to anonymisation.
Google can first assess whether rivals pose cybersecurity and data protection risks before it opens up to them. The EU measure, which will be implemented from January next year, includes a formula to calculate the price of the shared data.
"Thanks to these measures we hope to see emerging alternatives to Google Search and Google's AI services, such as Gemini, and that users in the EU can enjoy greater choice of services," EU tech chief Henna Virkkunen said in a statement.
Reporting by Foo Yun Chee; Editing by Kirsten Donovan
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An agenda-setting and market-moving journalist, Foo Yun Chee is a 21-year veteran at Reuters. Her stories on high profile mergers have pushed up the European telecoms index, lifted companies' shares and helped investors decide on their next move. Her knowledge and experience of European antitrust laws and developments helped her break stories on Microsoft, Google, Amazon, Meta and Apple, numerous market-moving mergers and antitrust investigations. She has previously reported on Greek politics and companies, when Greece's entry into the eurozone meant it punched above its weight on the international stage, as well as on Dutch corporate giants and the quirks of Dutch society and culture that never fail to charm readers.
Alphabet Inc. (NASDAQ:GOOG) shares are in the spotlight Thursday, with earnings on deck and a notable technical setup both converging.
Alphabet shares are trending higher. What’s pushing GOOG stock higher? Earnings Expectations & HistoryAlphabet is expected to report second-quarter earnings on July 22 after market close, with analysts forecasting earnings per share of $2.88 and revenue of $113.63 billion. In the most recent quarter, Alphabet reported earnings per share of $5.11, beating estimates of $2.63 by 0.94%. Revenue came in at $109.90 billion, exceeding the estimate of $104.07 billion by 0.06%.
Alphabet has beaten EPS estimates in 8 consecutive quarters. Over the last 4 quarters, Alphabet has averaged an EPS surprise of 0.34% and a revenue surprise of 0.08%.
What To WatchGoogle Cloud is in focus after growing 63% year-over-year in Q1, faster than Azure and AWS, especially with Meta’s new cloud compute ambitions signaling fresh competition. Also key: progress on Alphabet’s custom AI chips, as the company begins selling capacity to outside cloud providers, and capital expenditure guidance, set at $180 billion to $190 billion for 2026.
A Bullish Backdrop With Short-Term WrinklesFrom a trend perspective, Alphabet remains extended above its longer-term baselines: it’s trading 16.9% above the 200-day SMA ($319.91) and 9.5% above the 100-day SMA ($341.74), which keeps the bigger-picture uptrend intact. The stock is also 5.2% above the 20-day SMA ($355.64), suggesting the recent rebound has regained some traction.
The near-term moving-average structure is a bit mixed, though: the 20-day SMA is still below the 50-day SMA (a bearish short-term crossover), even as the 50-day SMA remains above the 200-day SMA (a golden-cross backdrop that typically supports longer-term dip-buying). That combination often produces "two-speed" trading—pullbacks can be sharp, but buyers tend to show up as long as the longer averages keep rising.
For momentum, MACD is the cleaner read right now: it’s above its signal line and the histogram is positive, which points to improving momentum versus the prior downswing. In plain terms, MACD being above the signal line suggests downside pressure is easing, and the rebound is gaining follow-through.
Key Resistance: $404.50 — sitting right at the 52-week high zone ($404.47), a level that often caps rallies on the first retest Key Support: $343.50 — near a prior pivot area and close to the 100-day SMA ($341.74), a zone that can attract buyers on pullbacks Benzinga Edge RankingsBelow is the Benzinga Edge scorecard for Alphabet, highlighting its strengths and weaknesses compared to the broader market:
Alphabet Shares Edge HigherGOOG Price Action: At the time of publication, Alphabet shares are trading 0.74% higher at $372.94, according to data from Benzinga Pro.
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Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) trades at $370.70 heading into a stretch where AI monetization, Cloud acceleration, and a historic capital spending cycle all converge. A $7,500 starting stake in GOOGL, held through the model’s one-year horizon into 2027, sits at the intersection of a mega-cap that just posted its fourth consecutive EPS beat and one still generating 21.8% quarterly revenue growth. That is a rare setup for a company this size, which is why the forward math matters.
The One-Year Projection The model’s base case pegs GOOGL at $442.71 by the middle of 2027, a 19.43% total return from the current level, with a confidence level of 90% and a BUY recommendation. Applied to the starting stake, the base case compounds a $7,500 position into $8,957.25. That figure is anchored to the one-year horizon the engine actually models; any longer-dated glide path is an illustrative extension, not a fresh target.
Bull, Base, and Bear Scenarios Here is how the $7,500 stake fares across the three modeled outcomes, using the engine’s total-return figures for the one-year horizon.
Scenario Target Price Total Return $7,500 Grows To Bull (Optimistic) $461.25 +24.43% $9,332.25 Base $442.71 +19.43% $8,957.25 Bear (Conservative) $358.49 -3.29% $7,253.25 Analyst consensus sits slightly below the model, with a $431.72 consensus target price drawn from 14 Strong Buy, 43 Buy, and 7 Hold ratings, with zero sell calls on the sheet. Bullish sentiment among covering analysts stands at 89%.
Why the Model Gets to $442 Three drivers explain the base case. First, Google Cloud is compounding faster than the rest of the business. Cloud revenue reached $20.03 billion in Q1 2026, up 63% year over year, and the segment backlog nearly doubled quarter over quarter to more than $460 billion. That backlog is contracted forward revenue, and it removes a lot of guesswork from Cloud’s contribution over the next four quarters.
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Second, AI is showing up in the core Search and consumer businesses, not just in Cloud. Gemini processes more than 16 billion tokens per minute via direct API use, and Alphabet now counts 350 million paid subscriptions across YouTube and Google One. CEO Sundar Pichai framed the setup this way on the most recent call: “2026 is off to a terrific start. Our AI investments and full stack approach are lighting up every part of the business.”
Third, the valuation is not stretched. GOOGL trades at a 27 trailing P/E and a 25 forward P/E, with quarterly earnings growth of 82% year over year. That PEG ratio of roughly one keeps the multiple defensible. Investors looking for a wider set of AI beneficiaries beyond the megacaps can also skim 7 Stocks Powering the AI Boom (That Aren’t Chipmakers) for the picks-and-shovels layer.
What Could Sink the Projection The bear case is grounded in real pressure points. Alphabet guided 2026 CapEx to $175 to $185 billion, a level that already compressed Q1 free cash flow to $10.12 billion, down 46.63% year over year. If AI infrastructure spend keeps outrunning cash generation, the market’s willingness to pay a growth multiple can erode quickly. Regulatory drag is a second overhang, given the $3.5 billion European Commission fine booked in Q3 2025 and ongoing scrutiny of Search distribution. Third, insider activity has skewed toward net selling across 176 recent transactions, and while insider sales rarely signal a top on their own, they take some sheen off the bull narrative. The stock’s beta of 1.247 also means any broader AI unwind hits GOOGL harder than the broader market.
The Range Investors Are Working With Roll it up and the one-year picture on $7,500 is a modeled range from $7,253.25 in the bear case to $9,332.25 in the bull case, centered on a base value of $8,957.25 tied to the $442.71 target. The 90% confidence level reflects the density of the underlying data rather than the certainty of the outcome. This is a projection, not investment advice, and analyst targets are not guarantees. Cloud growth, AI monetization, and CapEx discipline are the three levers to keep an eye on between here and 2027.
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