Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP is finally beginning to show signs of life after weeks of struggling beneath declining resistance and failing to produce any significant momentum. The asset is exhibiting some of the strongest recovery behavior since the start of its most recent decline, though it would be premature to declare this a full-scale bull market reversal.
The ability of XRP to recover from the late-June lows around $1.00 is the most significant development. Buyers intervened and forced the asset back toward the declining resistance line that has stopped every attempt at a rally over the past month, rather than creating another lower low and prolonging the bearish trend.
XRP/USDT Chart by TradingViewCurrently, XRP is testing a crucial technical barrier created by the 26-day EMA and the declining trendline at $1.12. This combination creates a crucial decision point for the market. After months of intense pressure, a successful breakout would indicate that sellers are finally losing control. What distinguishes the current move is its natural formation. Classic technical structures like double bottoms, inverse head-and-shoulders patterns, or capitulation spikes give rise to many reversals.
HOT Stories
XRP's recovery is not the same. Simply put, the asset stabilized, stopped declining, and gradually drew buyers back into the market. These reversals are less common because they arise from gradual accumulation rather than a dramatic washout event. The improving outlook is supported by momentum indicators. The RSI has risen above its recent lows and is approaching neutral territory, indicating rising buying interest without entering overbought territory.
You Might Also Like
This allows for additional growth in the event that demand continues to rise. The next significant target is located at $1.17, near the 50-day EMA. A move above that level could reach the psychologically significant $1.25-$1.30 area, where more formidable resistance awaits.
On the downside, bulls still need to protect the $1.05 area as a crucial support zone. XRP is still in its early stages of recovery. The 200-day and 100-day moving averages are still significantly above the current price, indicating that the overall trend remains negative. However, for the first time in weeks, XRP is giving traders good reason to believe that a more sustainable recovery might be underway.
Shiba Inu's volume injectionAfter one of its most challenging periods this year, Shiba Inu is at last beginning to stabilize. Even though the overall trend is still negative, recent price action suggests that the market might be preparing for a potential comeback, giving investors another reason to pay attention.
After successfully defending local lows set at the end of June, SHIB is currently trading near $0.00000440. The most recent move is notable because the asset has stopped producing aggressive lower lows despite continued pressure from key moving averages. Rather than continuing its downward spiral, Shiba Inu has entered a consolidation phase that may lay the groundwork for a more significant recovery.
SHIB/USDT Chart by TradingViewWhile the Relative Strength Index rises back toward neutral territory, the chart shows SHIB recovering from oversold conditions. The RSI's slow recovery suggests that selling pressure is easing, even though it remains below the levels typically associated with strong bullish momentum. This shift is often one of the first indicators before a significant trend reversal occurs.
Volume has also improved somewhat during recent recovery attempts. The increase in activity suggests that market participants are beginning to accumulate rather than simply exit positions, even though buyers have not yet generated enough demand to break through significant resistance levels.
You Might Also Like
The cluster of moving averages above the current price remains the main challenge. The first significant resistance level is the 26-day EMA around $0.00000460. A move above it would expose the 50-day EMA around $0.00000480, while a stronger rally could bring the 100-day moving average around $0.00000530 into focus.
Despite these positive signs, traders should exercise caution. The fact that SHIB is still trading significantly below its long-term 200-day moving average indicates that the broader trend has not yet changed. Recovery hopes are being rekindled, though they have not been fully confirmed.
Bitcoin must push aboveAlthough Bitcoin's most recent recovery attempt is gaining traction, a significant level still separates the market from a more convincing reversal. Even though Bitcoin has reclaimed short-term support and risen sharply from the sub-$60,000 area, the true test lies higher on the chart. Bitcoin is currently trading at $64,500 and is approaching the 50-day EMA at $65,400.
Throughout the most recent downturn, this moving average has served as dynamic resistance, rejecting earlier recovery attempts and thwarting bulls' efforts to sustain upside momentum. This level is the key hurdle for Bitcoin at the moment. The recent rally is encouraging, as it follows a successful defense of the $58,000-$60,000 support zone.
You Might Also Like
At local lows, buyers intervened forcefully, pushing Bitcoin higher and lifting the RSI above the neutral 50 level. Momentum is building, and volume has held steady throughout the recovery, indicating genuine demand rather than a transient relief bounce. However, until Bitcoin breaks through the 50-day EMA, the structure remains incomplete.
A successful move above $65,400 would likely invite additional buying pressure and open the door to the 100-day EMA, located around $69,000. The 200-day moving average around $75,000, which marks the boundary between a long-term bearish and bullish environment, remains the primary target beyond that. A failure at current levels would present a different scenario.
You Might Also Like
Another rejection from the 50-day EMA could reinforce the current downward trend and push Bitcoin back toward the $60,000 support level. While that would not necessarily invalidate the recovery, it would seriously delay any broader reversal. What makes the current setup significant is the absence of major resistance between the 50-day and 100-day moving averages.
If bulls can force a breakout now, momentum could accelerate quickly. Bitcoin does not need a dramatic trend shift or capitulation event to rebound. The $65,400 region must be decisively reclaimed. Until then, the current rally is not evidence of a new bullish trend, but rather a promising recovery attempt.
Bitcoin, XRP, and Shiba Inu have each begun to display tentative signs of recovery, following extended periods of downward pressure and market uncertainty. The three assets are currently facing pivotal technical resistances that could determine whether their recent gains mark the start of a sustained rebound or are merely short-lived corrections.
XRP attempts to break resistanceXRP has begun to recover after weeks of trading below declining resistance levels, which had consistently halted upward momentum. The asset rebounded from its late-June lows near $1.00, avoiding another lower low and preventing a further extension of the bearish trend.
Currently, XRP is testing a key resistance formed by the intersection of its 26-day exponential moving average (EMA) and a downward trendline at $1.12. This area represents a significant decision zone for traders. Should XRP break above this barrier, it would mark a shift in control away from sellers for the first time in several weeks.
The structure of XRP’s current move differs from classic technical reversal patterns, such as double bottoms or capitulation spikes. Instead, prices have gradually stabilized and slowly attracted renewed buying interest. Momentum indicators, including the Relative Strength Index (RSI), have turned higher and are moving toward neutral territory, reflecting a measured return of demand without triggering overbought signals.
XRP buyers stepped in at $1.00, preventing further losses and returning the asset to a familiar resistance zone that had halted previous rallies.
If demand persists, the next upside target is $1.17 near the 50-day EMA, with more substantial resistance expected in the $1.25 to $1.30 range. On the downside, bulls need to maintain support near $1.05 to sustain the recent recovery. While the broader trend remains negative, with both the 100-day and 200-day moving averages above the current price, market sentiment has turned more optimistic than in recent weeks.
Resistance LevelSupportKey Moving Averages$1.12 (26-day EMA/trendline), $1.17 (50-day EMA), $1.25-$1.30$1.05100-day / 200-day EMA above priceShiba Inu finds stabilityShiba Inu (SHIB), a meme-based cryptocurrency known for its high volatility, is beginning to stabilize after enduring one of its toughest stretches this year. Despite an ongoing negative trend, SHIB has managed to defend its late-June lows, now trading near $0.00000440.
The asset is consolidating, with buyers stepping in to prevent new lows even in the face of significant resistance from moving averages above its current price. This consolidation phase may set the stage for a larger market recovery, though confirmation is still lacking.
The RSI for SHIB has climbed back from oversold conditions but remains below the thresholds usually linked to robust bullish reversals. Recent increases in trading volume suggest a shift toward accumulation, indicating that sellers are losing dominance, though resistance at the 26-day EMA around $0.00000460 persists.
Should buyers clear this initial hurdle, the next resistance levels include the 50-day EMA near $0.00000480 and the 100-day moving average around $0.00000530. Still, as long as SHIB trades well below its 200-day moving average, analysts warn that a definitive trend change is yet to occur.
PriceKey ResistanceKey Moving Averages$0.00000440$0.00000460 (26-day EMA), $0.00000480 (50-day EMA), $0.00000530 (100-day MA)200-day MA above priceDespite a prolonged downturn, SHIB’s move to consolidation hints at a potential reversal if buying momentum continues.
Bitcoin nears critical resistanceBitcoin is now trading at $64,500 after rebounding from lows below $60,000. This recovery has been supported by steady trading volumes and an RSI reading that has moved above 50, suggesting genuine market demand. However, the main challenge lies ahead at the 50-day EMA, currently at $65,400, which has repeatedly acted as a barrier during prior recovery attempts.
A clean break above $65,400 is seen as a crucial step for Bitcoin in shifting the medium-term narrative. Such a move could draw in additional buyers and open the path toward the 100-day EMA at $69,000 and, potentially, the 200-day moving average at $75,000—a widely watched level separating long-term bullish and bearish sentiment.
If Bitcoin fails again to clear the 50-day EMA, analysts say this would reinforce existing downward pressure and could send prices back to the $60,000 support region. Many traders note that between the 50-day and 100-day moving averages, there is little major resistance, making a successful breakout likely to trigger rapid price gains if bulls prevail.
Until $65,400 is reclaimed, the current move is viewed as a promising recovery but not a confirmed shift into a new bullish trend.
Current PriceKey ResistanceKey Support$64,500$65,400 (50-day EMA), $69,000 (100-day EMA), $75,000 (200-day MA)$60,000Mini dictionary: Exponential Moving Average (EMA), a technical indicator that places greater weight on recent price data to measure trends, often used to identify potential support or resistance levels in asset trading.
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.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
After weeks of constant pressure to sell, Shiba Inu is finally beginning to show signs of life. Fresh market data indicates that buyers are starting to return, with spot flows turning decisively positive and suggesting a potential shift in short-term sentiment, even though the meme coin is still trapped in a larger downtrend.
Recent market data shows that SHIB's spot flow has increased by over 128%, suggesting that buying activity on spot markets is once again surpassing selling pressure. Spot purchases are one of the more accurate measures of true market demand because, in contrast to leveraged futures positions, they reflect actual capital entering the asset.
SHIB/USDT Chart by TradingViewThe flow data matches the chart's visible information. Following a decline toward the $0.00000420 area, SHIB was able to stabilize and establish a local bottom. Since then, despite ongoing weakness throughout much of the meme coin industry, the asset has shown a modest recovery, rising back above $0.00000435 and defending support. The liquidation data is another positive indication.
HOT Stories
Healthy accumulationThe relative balance of recent liquidations indicates that the most recent action is not being motivated by excessive leverage. Rather than chasing a speculative squeeze, buyers seem to be gradually accumulating.
The 50-day and 100-day EMAs, which are still sloping lower, are among the major moving averages that SHIB continues to trade below. Additionally, the asset is still significantly below the 200-day moving average, indicating that the long-term trend has not yet changed. The $0.00000450-$0.00000480 zone is currently the most important level to keep an eye on.
You Might Also Like
Over the past few weeks, this area has repeatedly capped recovery attempts and coincides with nearby moving-average resistance. The first significant technical indication that buyers are regaining control would come from a successful breakout. Metrics related to volume give conflicting results.
In contrast to the significant rallies witnessed earlier this year, overall trading activity is still comparatively muted, even though spot flows are improving. This implies that in order to sustain a larger move, SHIB still needs greater participation.
As of right now, the market is making it very clear that buyers are coming back. Although a trend reversal is not guaranteed by the 128% increase in spot flow, it does indicate that accumulation is taking the place of panic selling, providing Shiba Inu with its best chance to recover in weeks.
Atlas Energy Solutions offers a compelling Strong Buy after a 25% share price decline driven by index removal and sector headwinds. AESI's transformative CAT engine deal secures 1.6 GW of low-cost deployable power, underpinning robust free cash flow growth through 2030. Operational leverage in sand and logistics, aided by the Dune Express system, positions AESI to capture margin expansion as US shale activity rebounds.
Paramount and Warner Bros logos are seen in this illustration taken December 8, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
July 10 (Reuters) - The Oregon attorney general's office said on Friday it has withdrawn its court motion to delay Paramount's (PSKY.O), opens new tab proposed $110 billion acquisition of Warner Bros (WBD.O), opens new tab.
"Paramount made it clear that they weren't going to comply with the investigative demand, and that they think they're above the law. We're not going to let them waste Oregonians' resources on these games," Oregon Department of Justice said in a statement to Reuters.
Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.
"We've withdrawn the motion to consider our next steps," the statement added.
Oregon Attorney General Dan Rayfield's office earlier this week asked a court in Multnomah County to order the company to hand over records and delay the deal by 60 days so the state can review them, and said Paramount agreed not to close the transaction before July 22 amid the state's review.
Oregon is seeking documents regarding "Project Warrior," which was Paramount's internal code name for efforts to obtain regulatory clearance. The state is also asking for records related to the company's efforts to lobby the Trump administration for support of the merger.
"We are pleased that the Oregon Attorney General has withdrawn its motion to delay this transaction," a Paramount spokesperson said in a statement to Reuters, calling the merger "lawful" and "pro-competitive."
The deal, which would combine two of Hollywood's four major studios, has drawn criticism from actors, writers and others in Hollywood who fear job losses. It also faces scrutiny from other U.S. states, which could sue to block the acquisition as early as next week over competition concerns, Reuters has reported.
Reporting by Devika Nair and Preetika Parashuraman in Bengaluru; Editing by Kim Coghill
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Shares of Meta Platforms (META +6.16%) rose about 6% on Friday after Reuters reported on Thursday that the social media giant plans to start manufacturing its own data-center AI (artificial intelligence) chip in September. The chip, code-named Iris, was designed with help from Broadcom (AVGO 0.31%) and will be built by Taiwan Semiconductor Manufacturing (TSM 0.55%), according to an internal memo the news organization reviewed.
The market's enthusiasm is easy to understand. Meta expects to spend as much as $145 billion on AI infrastructure this year, and that spending has been my biggest concern with the stock. Custom silicon is aimed squarely at getting more computing power out of every one of those dollars.
So, what does Meta's expanding chip program mean for the stock?
Image source: Getty Images.
The chip program is moving fast Iris is reportedly part of a four-generation family of chips Meta is designing in-house, and the program appears to be ahead of where many investors probably assumed. Testing on the chip took about six weeks and turned up no major issues, according to the memo.
Even more, Meta reportedly plans to launch a new chip about every six months through 2027. That is a much faster cadence than the industry norm of about one new chip per year.
And the infrastructure these chips would support is enormous. Meta plans to bring about 7 gigawatts of computing capacity online this year and double its total to 14 gigawatts in 2027, according to the report, with Iris augmenting the graphics processing units (GPUs) the company buys from Nvidia and Advanced Micro Devices rather than replacing them.
Still, there's a message here for chip investors. One of the AI boom's biggest spenders just showed a credible path to needing Nvidia somewhat less over time -- while handing more business to Broadcom, which helps design the chip, and TSMC, which builds it.
Nvidia's chips remain the backbone of Meta's computing plans. But every in-house chip Meta deploys is pricing pressure Nvidia could eventually feel.
Today's Change
(
6.16
%) $
38.92
Current Price
$
670.40
The business paying the bill None of this spending would matter much to shareholders if Meta's core business were sputtering. It isn't.
Meta's first-quarter revenue rose 33% year over year to $56.3 billion -- an acceleration from 24% growth in the fourth quarter of 2025 and 22% growth for full-year 2025. And the profits followed. The company posted a 41% operating margin for the period, and earnings per share of $10.44 grew 62% year over year, though a one-time $8.03 billion tax benefit added $3.13 per share to that figure. For a company of Meta's size, growth like this is extraordinary.
"We had a milestone quarter with strong momentum across our apps and the release of our first model from Meta Superintelligence Labs," said CEO Mark Zuckerberg in the company's first-quarter earnings release.
That growth is what pays for the build-out. In its first-quarter update, Meta raised its 2026 capital expenditure forecast to a range of $125 billion to $145 billion (up from a prior range of $115 billion to $135 billion) while guiding for second-quarter revenue of $58 billion to $61 billion. Capital expenditures in the first quarter alone were $19.8 billion.
Of course, custom chips don't mean a smaller budget. And a reported timeline may still slip. Even if Iris works exactly as planned, Meta isn't cutting its spending. It's doubling its computing capacity and trying to make each unit of that capacity cost less. If the AI investments don't ultimately produce more engagement and better ad economics, in-house silicon may not be enough to offset challenges the company could face down the road.
But the price investors are paying for this story looks reasonable. At about $672 per share as of this writing, Meta trades at about 24 times earnings and about 19 times forward earnings, even though Meta grew revenue 33% last quarter. And unlike a chip supplier, Meta also controls the applications that all of that computing power serves. If the in-house chips deliver even part of the potential savings, the company's heavy spending could convert into earnings growth faster than the market currently expects.
To me, the stock looks attractive here. Sure, Thursday's report probably doesn't lower Meta's AI bill. But it strengthens the case that the company can control the cost of a build-out it was going to attempt anyway.
On July 10, 2026, Coca-Cola Co KO shares rose 1.0% to a current price of $83.49. The stock is trading within a 52-week range of $65.35 to $85.68, reflecting a year-to-date increase of 21.0% and a one-year gain of 23.1%.
GF Value™ verdict: Current price is $83.49 vs GF Value™ of $70.28, indicating the stock is 18.8% overvalued.GF Score™ of 79/100, suggesting it is rated as Above Average.Most notable signal: Insiders sold $79.9M worth of shares in the last 3 months, with no buying activity reported. Is KO Overvalued or Undervalued? The current price of Coca-Cola Co KO shares at $83.49 stands significantly above the GF Value™ estimate of $70.28, marking the stock as 18.8% overvalued. According to the GF Valuation label, this indicates that the stock is considered Modestly Overvalued. Investors should be cautious, as being overvalued suggests a risk of price correction or stagnation. The margin of safety appears limited, and potential investors may want to evaluate the stock against intrinsic value more critically.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the current valuation, it would be prudent for those considering an investment in KO to weigh the associated risks against their investment objectives.
How Does KO's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 26.2x 26.3x Forward P/E 25.5x N/A The current P/E (TTM) of 26.2x is virtually unchanged from its 5-year median P/E of 26.3x, indicating that the stock is trading at a valuation level consistent with its historical range. This P/E analysis aligns with the GF Value™ verdict of being overvalued, as the stock does not present a compelling case for investment relative to its historical valuation metrics.
What Does KO's GF Score™ Tell Us? Metric Rating GF Score™ 79/100 Financial Strength 6/10 Profitability 8/10 Growth 5/10 Valuation 6/10 Momentum 6/10 The GF Score™ of 79/100 suggests that Coca-Cola Co KO is positioned above average in terms of potential long-term returns. The strongest aspect of KO's profile is its Profitability rank of 8/10, indicating solid profit margins and operational efficiency. However, the weakest area is the Growth rank of 5/10, suggesting that while the company is profitable, its growth may not be as robust compared to others in the market. Overall, the mixed scores illustrate a stable but cautious investment outlook.
What Are Insiders Doing with KO Stock? Insider activity for Coca-Cola Co KO shows that insiders sold a substantial $79.9 million worth of shares over the past three months, with no reported buying activity. This trend can often signal a lack of confidence in the stock's near-term prospects or a belief that the shares are currently overvalued. While insider selling does not always indicate negative sentiment, it is a noteworthy consideration for investors looking at the stock's future performance.
What This Means for Investors Based on the GF Value™ assessment, Coca-Cola Co KO is currently overvalued, with the stock trading 18.8% above its estimated fair value. This situation warrants careful consideration from potential investors, particularly in light of recent insider selling and the overall market conditions. A thorough analysis of the company's fundamentals and market position is recommended before making investment decisions.
For the complete analysis, visit the Coca-Cola Co KO stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is KO's GF Score™?
KO's GF Score™ is 79/100, indicating an above-average potential for long-term returns based on various financial metrics.
Is KO overvalued or undervalued?
KO is currently overvalued, as its market price of $83.49 exceeds the GF Value™ estimate of $70.28 by 18.8%.
What is KO's P/E ratio?
KO's P/E (TTM) ratio is 26.2x, which is in line with its 5-year median P/E of 26.3x, supporting the view that the stock is overvalued according to GF Value™.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Alphabet remains a Buy with a $399 base-case price target, reflecting its robust AI distribution moat and resilient operating margins. Recent high-profile DeepMind departures are a temporary setback, not a structural threat; GOOGL's innovation pipeline and scale remain intact. Q1 saw Google Cloud revenue grow 63% y/y to $20B, with backlog doubling to $460B, underscoring surging demand and strong execution.
On July 10, 2026, Mastercard Inc (MA) shares rose 0.7% today, currently trading at $526.74. The stock has experienced a 52-week range between $464.52 and $601.7
On July 10, 2026, Visa Inc (V) shares rose 0.2% today, bringing the current price to $348.97. The stock has traded between $293.89 and $365.02 over the past 52
On July 10, 2026, Bank of America Corp (BAC) shares rose 0.7% to a current price of $59.67. The stock has demonstrated strong price performance over the past ye
On July 10, 2026, Procter and Gamble Co (PG) shares rose 0.1% today, closing at $147.04. The stock has seen a challenging year, with a 52-week high of $167.25 and
On July 10, 2026, Johnson and Johnson (JNJ) shares fell 0.8%, bringing the current price to $256.98. The stock has experienced a notable range over the past 52 we
Goldman Sachs dropped four high-conviction calls on July 9, 2026. The number turning heads is a $2,159 price target on Comfort Systems USA (NYSE:FIX | FIX Price Prediction), a contracting services company for the trades. Analysts paired that Buy initiation with a fresh Buy upgrade on Toast (NYSE:TOST) and two Sell calls: a downgrade of Granite Construction (NYSE:GVA) and a downgrade of toymaker Mattel (NASDAQ:MAT).
The $2,159 Call on Comfort Systems Goldman frames Comfort Systems as “a leading mechanical and electrical contractor with significant leverage to the AI infrastructure build-out,” forecasting a 23% organic growth CAGR from 2025-2028. The stock closed at $1,756.09 on July 10, has gained 88.34% year to date, and 229.77% over the past year. Goldman’s target implies further upside from here.
The fundamentals back the thesis. Comfort’s Q1 2026 revenue hit $2.87 billion, up 56.5% year over year, with diluted EPS of $10.51 crushing the $6.81 consensus. Backlog nearly doubled to $12.45 billion year over year, with data center and technology infrastructure work now representing roughly 45% of revenue. CEO Brian Lane told investors:
“Our capabilities and reputation, combined with robust ongoing demand, resulted in higher backlog even with increased burn rates. Considering recent bookings, underlying persistent demand, and our strong pipelines, we are optimistic about our prospects for the next several quarters.”
UBS reiterated Buy with a $2,125 target citing “strong demand from the multi-year datacenter buildout by hyperscalers,” while Oppenheimer set $2,200. Shares trade at 38x forward earnings, rich but supported by 53.3% return on equity.
The Other Three Calls Toast (Buy): Goldman spots a buying opportunity, upgrading shares after a 34.10% one-year decline. Analysts argued the company is “well positioned to outperform from here as a result of its best-in-class product offering,” with AI-enabled marketing services flagged as an ARPU accelerant. Toast added ~7,000 net locations in Q1 2026, reaching $2.2 billion in ARR. The upgrade does not erase headwinds. Toast shares are down sharply this year as higher hardware and memory costs threaten margins, while competition in SMB payments keeps pricing power under scrutiny. The stock is also fighting a tougher tape for payments names, with investors favoring faster-moving AI stories over transaction-processing businesses.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Toast didn't make the cut. Grab the names FREE today.
Granite Construction (Sell): Goldman is moving bearish after a strong turnaround, arguing that Granite’s next leg may be harder as the federal infrastructure funding cycle matures. The firm expects “real public construction spending to decelerate to a flat- to low-single-digit growth rate following the expiration of the Infrastructure Investment and Jobs Act.” Granite fell 16.08% over the past week alone but is up 6.1% YTD.
Mattel (Sell): Execution risk and geopolitical uncertainty drove the downgrade. Shares are down 32.81% YTD, with tariffs pressuring gross margin in Q1.
What to Watch Comfort Systems reports Q2 earnings later this month. With three major banks now clustered above $2,100, execution on that $12.45 billion backlog is the swing factor. For deeper coverage of Goldman-style research calls, our Daily Profit report tracks the same catalysts. Keep an eye on the stock into earnings.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Toast didn't make the cut. Grab the names FREE today.
On July 10, 2026, ExxonMobil Holdings Corp (XOM) shares rose 1.0% today, bringing the current price to $138.88. The stock has experienced a 52-week range betwee
On July 10, 2026, GE Aerospace (GE) shares rose 0.1% to $359.27. The stock has experienced a 52-week range of $251.40 to $382.97, indicating significant volatil
On July 10, 2026, The Home Depot Inc (HD) shares rose 1.4% to a current price of $343.30. The stock has experienced significant volatility over the past year, t
On July 10, 2026, Intel Corp INTC shares fell 2.4% today, trading at $109.84. Over the last week, the stock has seen a decline of 8.7% and is currently within a 52-week range of $18.97 to $142.35.
GF Value™ verdict: Current price is $109.84 vs GF Value™ of $28.23, indicating the stock is 289.1% overvalued.GF Score™: 66/100, which suggests an above-average potential for long-term returns.Most notable signal: Insider activity reveals that insiders sold $6.5M worth of stock in the last three months, with no insider buying reported. Is INTC Overvalued or Undervalued? According to the GF Value™, Intel Corp is currently significantly overvalued, with a fair value estimate of $28.23 compared to its current price of $109.84. This indicates a substantial margin of safety for potential investors, as the stock is trading at a premium of 289.1% above its intrinsic value. The GF Valuation label clearly indicates that the stock is not a favorable investment at this point in time due to its overvaluation. This situation presents a risk for current shareholders, as the price may be susceptible to corrections in the future.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given this valuation, investors may want to exercise caution and closely monitor market conditions that could affect Intel's stock price.
How Does INTC's Valuation Compare to Its History? MetricCurrentHistorical P/E (TTM)101.7x11.9x Currently, Intel's price-to-earnings (P/E) ratio stands at 101.7x, significantly above its 5-year median P/E of 11.9x. This stark contrast indicates that the stock is trading well above its historical valuation, aligning with the GF Value™ verdict that suggests it is overvalued. This P/E analysis reinforces the concerns about overvaluation and suggests that risks may be present for current holders of INTC stock.
What Does INTC's GF Score™ Tell Us? MetricRating GF Score™66/100 Financial Strength6/10 Profitability7/10 Growth5/10 Valuation1/10 Momentum6/10 The GF Score™ of 66/100 indicates that Intel Corp has an above-average potential for long-term returns. Its strongest area appears to be profitability, with a score of 7/10, suggesting a solid ability to generate earnings. However, the valuation score of 1/10 is concerning, highlighting that the stock is currently viewed as severely overvalued. The financial strength score of 6/10 indicates a moderate level of stability, while the growth and momentum scores of 5/10 and 6/10 suggest a mixed outlook for future growth potential.
What Are Insiders Doing with INTC Stock? Recent insider activity at Intel shows that insiders have sold a total of $6.5 million worth of shares in the last three months, with no reported buying during this period. This pattern of selling may suggest a lack of confidence among insiders regarding the stock's future performance, as they seem to be cashing out rather than investing further in the company. Such behavior can often signal potential caution for external investors as well.
What This Means for Investors Based on the analysis of GF Value™, Intel Corp INTC is currently overvalued. Investors may consider this information when evaluating their positions or potential investments in the stock.
For the complete analysis, visit the Intel Corp INTC stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is INTC's GF Score™?
INTC's GF Score™ is 66/100, indicating an above-average potential for long-term returns based on key financial metrics.
Is INTC overvalued or undervalued?
INTC is currently overvalued, with a GF Value™ of $28.23 compared to its current price of $109.84, suggesting significant overvaluation.
What is INTC's P/E ratio?
INTC's P/E ratio is 101.7x, which is substantially higher than its 5-year median P/E of 11.9x, reinforcing the notion of overvaluation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
On July 10, 2026, UnitedHealth Group Inc (UNH) shares fell 1.6% to $424.62. The stock has seen a 52-week range between $234.60 and $434.30, reflecting significa
On July 10, 2026, Chevron Corp (CVX) shares rose 1.4% today, bringing the current price to $176.40. The stock has experienced a 52-week range between $146.49 an
On July 10, 2026, Caterpillar Inc (CAT) shares rose 1.5% today, trading at $952.41. Over the past year, the stock has experienced significant volatility, with a
On July 10, 2026, Oracle Corp (ORCL) shares fell 2.5% to a current price of $140.64. Over the past 52 weeks, the stock has fluctuated between a high of $345.72
On July 10, 2026, AbbVie Inc ABBV shares fell 0.7% to a current price of $248.08. This price is down from a 52-week high of $261.64 and remains significantly above its 52-week low of $184.63.
GF Value™ verdict: Current price is $248.08 vs GF Value™ of $212.14, indicating a 16.9% overvaluation.GF Score™ of 76/100 signals an above-average rating, suggesting potential for long-term returns.Most notable signal: No insider transactions have occurred in the last 3 months. Is ABBV Overvalued or Undervalued? According to the GF Value™, AbbVie Inc ABBV is currently overvalued, with shares trading at $248.08, which exceeds the estimated fair value of $212.14 by 16.9%. This overvaluation presents a risk for potential investors, as buying at inflated prices may not provide the expected returns in the long run. The GF Valuation label indicates that the stock is "Modestly Overvalued," which emphasizes caution for those considering entry points at current levels. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
For investors, the margin of safety appears limited, suggesting that entering a position in AbbVie at the current price may not yield favorable outcomes unless the company demonstrates significant future growth that justifies its high valuation. The risk of price correction could be a consideration for those evaluating the stock's potential.
How Does ABBV's Valuation Compare to Its History? MetricCurrentHistorical P/E (TTM)122.2x47.4x Forward P/E17.4xN/A The current P/E ratio of 122.2x is significantly above its 5-year median P/E of 47.4x, indicating that AbbVie is trading at a premium compared to its historical valuation. This analysis aligns with the GF Value™ verdict of overvaluation, reinforcing the notion that the stock's current price may not be justified by its earnings performance.
What Does ABBV's GF Score™ Tell Us? MetricRating GF Score™76/100 Financial Strength4/10 Profitability8/10 Growth7/10 Valuation6/10 Momentum3/10 The GF Score™ of 76/100 indicates that AbbVie ranks above average in terms of potential long-term returns. The strongest aspect of the score is its profitability, rated at 8/10, which highlights the company's ability to generate earnings. However, the financial strength rating of 4/10 is a concern, suggesting vulnerabilities in its balance sheet. The relatively low momentum rank of 3/10 indicates recent price weakness, which could be a cautionary signal for investors looking for stocks with strong upward trends.
What Are Insiders Doing with ABBV Stock? There have been no insider transactions in the last 3 months for AbbVie Inc ABBV . This lack of insider activity could suggest that management does not see immediate value in buying or selling shares, which can sometimes indicate a lack of confidence in the stock's near-term performance. Investors often look for insider purchases as a positive signal; in this case, the absence of such transactions may warrant some caution.
What This Means for Investors Based on the GF Value™ assessment, AbbVie Inc ABBV is currently overvalued. Its shares are trading above the estimated fair value, which raises concerns about potential price corrections moving forward. It is essential for investors to consider the implications of this overvaluation alongside other metrics before making investment decisions.
For the complete analysis, visit the AbbVie Inc ABBV stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is ABBV's GF Score™?
ABBV's GF Score™ is 76/100, indicating an above-average rating based on five key aspects, which suggests potential for long-term returns.
Is ABBV overvalued or undervalued?
ABBV is currently overvalued, with a GF Value™ of $212.14 compared to the current price of $248.08, indicating a 16.9% overvaluation.
What is ABBV's P/E ratio?
ABBV's P/E (TTM) is 122.2x, which is significantly above its 5-year median P/E of 47.4x, suggesting that the stock is trading at a premium compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
OpenAI just did something that makes every “AI will take your job” headline feel quaint. Its newest model, GPT-5.6 Sol Ultra, generated a machine-verified proof of the Cycle Double Cover Conjecture, a problem mathematicians have been chipping away at for roughly half a century, and it did it in less than an hour.
The proof was published as a PDF on OpenAI’s CDN on July 10, 2026, with authorship attributed entirely to the model itself. Codex assisted with the writeup.
What the conjecture actually says The Cycle Double Cover Conjecture was posed independently by George Szekeres in 1973 and Paul Seymour in 1979. In English: it claims that for any graph without “bridges” (edges whose removal would disconnect the graph), you can find a collection of cycles that together cover every edge exactly twice.
Advertisement
Partial results existed for specific cases, but a comprehensive, general proof remained out of reach. That is, until an AI system decided to throw 64 subagents at the problem simultaneously.
The proof itself reportedly reduces the problem using the 8-flow theorem and linear algebra over GF(3), a finite field with three elements.
Why this matters beyond math departments Discussions on Hacker News and Reddit immediately zeroed in on the verification question. A machine-verified proof is not the same as a peer-reviewed proof. Formal verification tools can confirm that logical steps follow from axioms, but mathematicians will want to understand why the proof works, not just that it does.
The GPT-5.6 series and OpenAI’s positioning The proof’s release coincided with the limited rollout of the entire GPT-5.6 series, which includes the flagship Sol model along with its Terra and Luna variants.
The 64-subagent architecture is worth pausing on. Rather than having a single model grind through the problem sequentially, Sol Ultra deployed dozens of specialized agents working in parallel.
What this means for investors This announcement had zero connection to crypto, tokens, or digital assets. No “Sol” token (despite the unfortunate naming overlap with Solana’s ticker). No blockchain verification layer. No NFT of the proof. Just pure AI research.
What investors should watch is the verification timeline. If the mathematical community validates this proof over the coming weeks and months, it becomes arguably the most significant AI achievement to date, surpassing game-playing and code generation in terms of intellectual prestige. If the proof turns out to have flaws, it becomes a cautionary tale about trusting AI-generated reasoning without human oversight.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
New York, New York--(Newsfile Corp. - July 10, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the "Class Period"), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.
SO WHAT: If you purchased Zillow common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Zillow's agreement with Redfin Corporation was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304828
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
, /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until August 10, 2026 to file lead plaintiff applications in a securities class action lawsuit against Zillow Group, Inc. (NasdaqGS: ZG, Z) ("Zillow" or the "Company"), if they purchased or otherwise acquired Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Western District of Washington.
Get Help
Zillow investors should visit us at https://claimsfiler.com/cases/nasdaq-z-3/?prs=prn or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Zillow and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) Zillow's agreement with Redfin was not a "partnership," but rather an acquisition of Redfin's business; (ii) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (iii) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (iv) as a result, Defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and or lacked a reasonable basis at all relevant times.
The case is Breidert v. Zillow Group, Inc., et al., Case No. 26-cv-02016.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
Advanced Micro Devices (AMD +2.13%) and Texas Instruments (TXN +0.95%) represent two different ways to play the semiconductor market. Choosing between them depends on whether you prefer high-growth expansion or a steady, diversified chip manufacturer.
AMD focuses on high-performance processors and artificial intelligence accelerators for data centers and gaming. Texas Instruments designs analog chips that manage power and signals in everything from cars to industrial machinery. Comparing these two helps identify which aligns with your personal risk tolerance and growth goals.
Advanced Micro Devices focuses on high-performance computing through its processors and graphics units. The company expanded its presence in the artificial intelligence infrastructure market by acquiring ZT Systems and MEXT. It relies on a few major partners like Microsoft and Sony, meaning customer concentration like this adds a layer of risk to the business.
In FY 2025, revenue reached nearly $34.6 billion, representing a significant 34.3% increase over the previous year. This growth helped the business generate a net income of approximately $4.3 billion. The net margin, which measures how much of each dollar earned becomes profit, was roughly 12.5% during this period.
As of its December 2025 balance sheet, the debt-to-equity ratio is roughly 0.1x, indicating that total debt is very low compared to shareholder equity. The current ratio is approximately 2.9x, indicating the company has nearly three times the short-term assets to cover its immediate liabilities. Free cash flow, or cash from operations minus capital expenditures, reached about $6.7 billion. Note that stock-based compensation accounted for roughly 21.2% of operating cash flow, thereby inflating reported cash generation, since SBC is a non-cash expense added back in the cash flow statement.
The case for Texas InstrumentsTexas Instruments operates a massive catalog of analog and embedded chips used in industrial, automotive, and personal electronics. The company serves more than 100,000 customers globally, which reduces its exposure to any single client. It has shifted toward a direct sales model to build deeper ties with engineers and manufacturers among semiconductor stocks globally.
During FY 2025, the company reported revenue of roughly $17.7 billion, which is a 13.0% increase from the prior year. Net income for the period was approximately $5.0 billion. The net margin was a robust 28.3%, reflecting the long-term profitability of its specialized chip portfolio.
Based on the December 2025 balance sheet, the debt-to-equity ratio is roughly 0.9x, showing how much the company uses borrowing relative to equity. The current ratio is approximately 4.4x, suggesting the company maintains a large cushion of short-term assets. Free cash flow for the year was nearly $2.6 billion, helping support its long-term manufacturing investments.
Risk profile comparisonAMD faces volatility from export controls, particularly U.S. government regulations on shipping high-end AI chips to China. The company depends on third-party foundries like TSMC (TSM 0.55%) for manufacturing, which creates risks related to supply constraints and capacity allocation. It also faces fierce competition from Intel (INTC 2.47%) and Nvidia (NVDA +3.90%) in its core processor and AI accelerator markets.
Texas Instruments faces intense pricing pressure from global competitors that may receive government incentives in Asia. Its business is highly sensitive to the economic cycles of the industrial and automotive markets, where demand can fluctuate suddenly. Furthermore, its heavy investment in internal manufacturing leads to high depreciation costs and financial sensitivity if factories are not fully utilized.
Valuation comparisonTexas Instruments appears cheaper because it trades at a lower forward P/E (price relative to future earnings estimates) and P/S ratio (price relative to sales).
MetricAdvanced Micro DevicesTexas InstrumentsSector BenchmarkForward P/E69.5x38.3x357.0xP/S ratio24.4x15.2xSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Which stock would I buy in 2026?The demand for semiconductors is growing rapidly, and both of these companies stand to benefit. Which stock is the better buy in 2026?
AMD’s data center business has fueled strong revenue growth. It’s been steadily expanding its presence in AI accelerators and processors, gaining ground on larger rivals. If that momentum continues, AMD appears well positioned to deliver strong revenue and earnings growth in the years ahead. However, investors may find that its rich valuation leaves no room for errors, and it must continue to work very hard to compete with rivals such as Nvidia.
Texas Instruments isn’t quite as centered on the AI sector. It focuses on chips used across many industries, including factory equipment and automobiles. This does include AI data centers, but mostly in the realm of power management. Texas Instruments has also posted solid results, and unlike AMD, it manufactures its own chips rather than outsourcing production. Also unlike AMD, Texas Instruments pays a dividend.
AMD offers more upside, while Texas Instruments provides a steadier, more conservative investment. However, there are so many factors involved in the success of chipmakers and other players in the AI sector that, if it were my money, I’d put it into an ETF that invests broadly in a diverse selection of tech-related companies instead.
On July 10, 2026, Morgan Stanley (MS) shares rose 0.1% today, trading at $222.28. Over the past year, the stock has experienced a notable performance, reaching
[url="]Robbins LLP[/url] informs stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Intuit Inc. (NASDAQ:
Injective has launched a dedicated Institutional Infrastructure section on its website designed to walk enterprises through the process of piloting projects, tokenizing assets, and deploying capital in controlled onchain environments.
What the institutional page actually offers The new page outlines a four-step process for institutions: design pilots, launch in permissioned environments, tokenize assets with controlled access, and operate with institutional custody partners.
The compliance angle is front and center. Injective is highlighting KYC/AML-compliant programmable compliance, jurisdiction-based access controls, and fully configurable real-world asset markets.
Advertisement
On the custody side, Injective is leaning on partnerships with BitGo and Fireblocks. Both firms already custody billions in digital assets for hedge funds, asset managers, and corporate treasuries.
The platform also supports a native Real-World Asset module, letting institutions tokenize everything from debt instruments to commodities within Injective’s ecosystem. Paired with native Ethereum Virtual Machine compatibility launched in November 2025, developers familiar with Ethereum’s tooling can build on Injective without learning an entirely new tech stack.
The network under the hood The blockchain reports over 2.94 billion onchain transactions processed to date, with a block time of 0.64 seconds. Ethereum’s block time hovers around 12 seconds.
The median transaction cost sits at $0.0001. Injective also claims over 500 onchain assets and a reported RWA volume of $6.8 billion.
The native token, INJ, serves as the backbone for governance and staking within the ecosystem.
Broader strategic context This infrastructure page is part of a broader refresh of Injective’s platform, which now features dedicated sections for institutions, developers, and the community.
Injective established the Injective Policy Institute in July 2026 specifically for US regulatory engagement.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
, /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until August 28, 2026 to file lead plaintiff applications in a securities class action lawsuit against Hub Group, Inc. (NasdaqGS: HUBG) ("Hub" or the "Company"), if they purchased or otherwise acquired the Company's securities between April 28, 2023 and May 11, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
Get Help
Hub investors should visit us at https://www.claimsfiler.com/cases/nasdaqgs-hubg or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Hub Group and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 5, 2026, the Company disclosed that its financial statements and reports for the first three quarters of 2025 should not be relied upon due to "an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025" and that it planned to restate the statements. On this news, the price of Hub Group shares fell approximately 18%, from $51.33 per share on February 5, 2026 to $41.96 on February 6, 2026.
Then, on May 12, 2026, the Company disclosed that it had "identified certain transactions that were prematurely or incorrectly recognized or not adequately supported," causing its 2023 and 2024 annual reports filed with the SEC to be "materially misstated," such that they should no longer be relied upon, and "expect[ed] to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023." On this news, the price of Hub Group shares fell an additional 13%, from $41.86 per share at close on May 11, 2026 to $36.62 on May 12, 2026.
The case is Lawler v. Hub Group, Inc., et al, No. 26-cv-07596.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
New York, New York--(Newsfile Corp. - July 10, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of purchasers of securities of Hub Group, Inc. (NASDAQ: HUBG) between April 28, 2023 and May 11, 2026, inclusive (the "Class Period"), of the important August 28, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Hub Group securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Hub Group class action, go to https://rosenlegal.com/cases/hub-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 28, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that Hub Group's financial statements prepared for the periods from Q1 2023 to Q4 2024, including annual reports for 2023 and 2024, contained material misstatements-caused by the premature and incorrect recognition of certain transactions-concerning, inter alia, Hub Group's operating revenue, operating income, revenue recognition, effectiveness of internal controls and procedures, and drivers of financial results and growth. In addition, Hub Group's financial statements prepared for the periods from Q1 2025 to Q3 2025 contained material misstatements-caused by the understatement of purchased transportation costs and accounts payable -concerning, inter alia, Hub Group's operating expenses, purchased transportation and warehousing expenses, operating income, effectiveness of internal disclosure controls and procedures, and drivers of financial results and growth. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Hub Group class action, go to https://rosenlegal.com/cases/hub-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304825
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
, /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF continues its investigation into Inspire Medical Systems, Inc. (NYSE: INSP).
In August of 2025, contrary to the Company's repeated assurances that it had met all regulatory, technical, and commercial prerequisites for the launch of its Inspire V device, the Company disclosed that the launch faced an "elongated timeframe" due to previously undisclosed issues, including that "many centers did not complete the training, contracting and onboarding criteria required prior to the purchase and implant of Inspire V," "software updates for claims submissions and processing" not taking effect until early July, and that excess inventory caused poor demand. As a result, the Company slashed its 2025 earnings guidance by more than 80%, from $2.20 to $2.30 per share to $0.40 to $0.50 per share.
Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information in violation of federal securities laws. Recently, the case was transferred from the United States District Court for the Southern District of New York to the District of Minnesota, and remains ongoing.
KSF's investigation is focusing on whether Inspire's officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Inspire shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-insp/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163
Sky Frontier Foundation just posted numbers that make the “DeFi is dead” crowd look a little silly. The organization behind the Sky Ecosystem, formerly known as Maker, revealed a $419 million annualized gross revenue run-rate in its June 2026 Financial & Operational Update, published Friday.
The numbers behind the milestone The $419 million run-rate didn’t materialize out of nowhere. Sky Protocol laid the groundwork earlier this year with a strong first quarter, generating approximately $123.79 million in gross revenue during Q1 2026 alone.
The protocol posted a surplus between $46 million and $61 million in Q1. The Sky Frontier Foundation, established in August 2025 specifically to support the broader ecosystem, anticipates the total revenue for the entire Sky Ecosystem to hit $611 million for the full year of 2026. That would represent a significant jump from the $338 million in gross revenues the protocol pulled in during 2025.
Advertisement
USDS is the engine The growth story here is fundamentally a stablecoin story. USDS, Sky Protocol’s flagship stablecoin product, has become the primary revenue driver, with its combined stablecoin supply sitting near $11 billion currently.
The foundation projects USDS supply will reach $20.6 billion by the end of 2026, more than doubling from the $9.2 billion recorded at the end of 2025. Institutional investors seeking yield have been a meaningful driver of USDS adoption.
From Maker to Sky: the rebrand in context Sky Protocol is the rebranded version of MakerDAO, one of the oldest and most battle-tested protocols in decentralized finance. The rebrand included spinning up the Sky Frontier Foundation as a separate entity to manage grants, treasury operations, and ecosystem development. The foundation also manages resources for autonomous systems called Sky Agents, which support lending and stablecoin activities across the ecosystem.
What this means for investors If USDS supply really does reach $20.6 billion by year-end, it will force other stablecoin issuers to respond. For DeFi-native investors, the protocol surplus numbers matter more than the headline revenue figure. A surplus of $46 million to $61 million in a single quarter suggests the protocol has pricing power and operational efficiency that many competitors lack.
The $611 million full-year revenue projection assumes the current tailwinds persist. There is also the concentration risk inherent in a protocol that derives so much of its revenue from a single product line. USDS is the star, but the $419 million run-rate and $611 million full-year projection both depend heavily on continued institutional demand and stable macro conditions.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
RxSight NASDAQ: RXST reported preliminary second-quarter financial results and provided updates on its product pipeline following a newly announced strategic collaboration agreement with Alcon, with management pointing to both near-term commercial headwinds and longer-term opportunities in adjustable intraocular lenses.
On a conference call, President and Chief Executive Officer Dr. Ron Kurtz said RxSight has been developing proprietary hybrid intraocular lens materials intended to support next-generation light-adjustable technology across premium lens categories. He said those efforts are being pursued through both the company’s standalone product pipeline and its collaboration with Alcon.
Get RxSight alerts:
“Our partnership with Alcon aims to leverage each company’s expertise to develop adjustable presbyopia-correcting IOLs that, for the first time, will enable doctors to refine visual outcomes noninvasively after surgery for patients who choose a PC IOL,” Kurtz said.
Preliminary Second-Quarter Results Chief Financial Officer Mark Wilterding said RxSight expects second-quarter total company revenue of approximately $32 million to $34 million. That includes an estimated $5 million to $7 million related to the RxSight-Alcon strategic collaboration agreement, subject to completion of quarter-end close procedures and the company’s accounting assessment.
Excluding revenue related to the agreement, preliminary total company sales were approximately $27 million in the second quarter, down 20% from the prior-year period. RxSight sold 24,917 Light Adjustable Lens, or LAL, units during the quarter, a 10% year-over-year decline.
The company sold 11 Light Delivery Devices, or LDDs, and placed one LDD rental unit during the period, bringing its installed base to 1,166 units. Wilterding said the company ended the quarter with cash, cash equivalents and short-term investments of approximately $209 million.
Guidance Revised for 2026 RxSight revised its full-year 2026 revenue outlook to a range of $140 million to $160 million. The company said that range reflects $110 million to $120 million in RxSight sales and $30 million to $40 million of revenue recognized from the Alcon collaboration agreement.
Wilterding said the updated sales guidance assumes the continuation of headwinds experienced in the second quarter. He added that collaboration agreement revenue remains subject to the terms and conditions described in the company’s SEC filing.
RxSight also raised its gross margin outlook, citing a favorable mix of LALs versus LDDs sold in the second quarter and an expectation that the trend will continue for the rest of 2026. The company now expects full-year gross margin of 73% to 75%, compared with previous guidance of 70% to 72%.
Operating expense guidance remained unchanged, with management continuing to expect expenses at the high end of the $150 million to $160 million range. Wilterding said that expectation includes accelerating investments in the LAL sales force and significant expenses related to the collaboration agreement.
Competitive Trialing and Consumer Sentiment Cited as Headwinds Kurtz said RxSight experienced near-term challenges in the second quarter after several quarters of relatively stable utilization trends. He attributed the retrenchment in part to “widespread competitive trialing activity associated with new product launches,” while noting that the company did not yet have second-quarter data from other premium IOLs.
He said trial programs can create “a significant short-term incentive” in an already strained practice environment, and management expects the heightened competitive environment to remain active through the end of the year.
Kurtz also cited pressure on consumer sentiment, which he said may have contributed to more deliberate patient decision-making and softer overall procedure activity. He noted that cataract surgery typically cannot be deferred indefinitely but said unusual declines in overall cataract volumes were observed in the first quarter, with patient confidence and the broader economic backdrop among potential factors.
To respond, RxSight plans to accelerate customer re-engagement efforts and make additional investments in its U.S. LAL sales force. Kurtz said the company aims to expand its depth of penetration within existing accounts.
Pipeline Updates Include Toric and Next-Generation LAL Products Kurtz said RxSight is working on next-generation LAL and LAL+ products, as well as LAL Toric, a lens designed to combine built-in Toric correction with postoperative refinement of residual sphere and cylinder. He said each product is intended to maintain high levels of visual quality and adjustability while improving workflow and reducing the number of required postoperative treatments.
In response to analyst questions, Kurtz said current use averages about one and a half or slightly more adjustments and about two “lock-in” treatments. He said the potential for a single lock-in treatment and built-in astigmatism correction could significantly reduce the number of postoperative treatments required.
Regarding the Alcon collaboration, Kurtz said the main benefit would be addressing residual refractive error, which he described as a leading reason for dissatisfaction after presbyopia-correcting IOLs. He said RxSight had not provided a specific timeline, but described the opportunity as within the company’s typical five-year planning period. He also declined to comment on the specific regulatory path for a combined technology, saying RxSight would collaborate with Alcon on that process.
Asked about whether an adjustable presbyopia-correcting IOL might overlap with RxSight’s existing offering, Kurtz said the company’s data show that most LAL patients come from monofocal or monofocal Toric lenses, with less than a quarter coming from presbyopia-correcting IOLs, including extended depth-of-focus and trifocal lenses. He said the Alcon collaboration would give RxSight access to an area in which it does not currently participate.
RxSight said its complete, unaudited second-quarter 2026 financial results are expected to be announced on Aug. 5, 2026.
About RxSight NASDAQ: RXSTRxSight, Inc is a medical technology company focused on the development and commercialization of advanced intraocular lens (IOL) systems for patients undergoing cataract surgery and lens replacement procedures. The company's flagship product, the Light Adjustable Lens (LAL), is designed to provide customized vision correction by allowing non‐invasive post‐operative adjustments. Using ultraviolet light, surgeons can fine‐tune the lens power after implantation to achieve optimal visual outcomes, reducing reliance on glasses or contact lenses and enhancing patient satisfaction.
Founded in 2011 and headquartered in Aliso Viejo, California, RxSight has pursued regulatory clearances and market access across multiple regions.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in RxSight Right Now?Before you consider RxSight, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RxSight wasn't on the list.
While RxSight currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Michael James Hogan, Chief Strategy Officer of Globalfoundries Inc. (GFS 1.06%), reported the disposition of 2,800 ordinary shares on July 8, 2026 and July 9, 2026, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$187,124Shares sold2,700Shares gifted100Post-transaction shares (directly held)795Post-transaction value$55,419.45Transaction value based on SEC Form 4 weighted average sale price ($66.83); post-transaction value based on July 09, 2026 market close ($69.71).
Key questionsHow has the insider's direct equity position changed following this activity?
Michael James Hogan reduced the direct holding of ordinary shares by 78%, retaining a post-transaction balance of 795 shares which represent the residual direct interest in the firm's equity.In what market context did this disposition occur?
The activity occurred following a period in which Globalfoundries shares delivered a 70% one-year return as of the July 9, 2026 market close, with the insider selling shares at $66.83 per share.What was the nature of these transactions?
The dispositions were performed under a Rule 10b5-1 plan. This indicates that the sale of 2,700 shares and the gift of 100 shares were pre-arranged, with the execution parameters established prior to the transaction dates to provide for systematic liquidity.Company OverviewMetricValueShare Price (as of market close 2026-07-09)$69.71Market Capitalization$38.2 billionRevenue (TTM)$6.8 billionNet Income (TTM)$778.0 millionCompany SnapshotGlobalFoundries Inc. operates as a global semiconductor foundry specializing in the design and manufacturing of integrated circuits, including microprocessors, mobile application processors, baseband and network processors, radio frequency modems, microcontrollers, power management units, and microelectromechanical systems for a broad range of consumer and industrial electronic applications.The company generates revenue through a foundry business model, providing semiconductor manufacturing services to fabless design companies and original equipment manufacturers that require advanced chip production capabilities without maintaining their own fabrication facilities.GlobalFoundries serves a diverse customer base spanning telecommunications, automotive, industrial, consumer electronics, and computing sectors, with particular strength in serving mid-range and specialized semiconductor applications across global markets.GlobalFoundries Inc. operates as one of the world's leading independent semiconductor foundries with a global manufacturing footprint and approximately 13,000 employees. The company has demonstrated strong financial performance with TTM revenue of $6.8 billion and net income of $778.0 million, reflecting robust demand for specialized semiconductor manufacturing services.
GlobalFoundries' competitive positioning is anchored by its advanced manufacturing capabilities, diversified customer base, and strategic focus on high-value semiconductor segments that support critical infrastructure and emerging technologies.
What this transaction means for investorsThe sale of GlobalFoundries stock by Chief Strategy Officer Michael Hogan came at a time when shares experienced a substantial fall from the 52-week high of $92.55 reached on May 26. The price drop was due to investors cashing in after a strong run up in the second quarter, and a broader sell-off across the semiconductor sector.
Amidst this backdrop, it’s not comforting for investors to see Hogan adding his dispositions to the fray, especially since it depleted nearly 80% of his holdings. Still, the transactions were pre-arranged as part of his Rule 10b5-1 plan, indicating they were non-discretionary in nature. Consequently, it seems Hogan’s sales happened to coincide with Wall Street’s rotation away from semiconductor stocks.
GlobalFoundries had a solid first quarter with sales of $1.6 billion, up 3% year over year, and excellent margin expansion as its gross margin rose to 27.6% compared to 22.4% in the previous year.
Robert Izquierdo has positions in GlobalFoundries. The Motley Fool has positions in and recommends GlobalFoundries. The Motley Fool has a disclosure policy.
, /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until July 27, 2026 to file lead plaintiff applications in a securities class action lawsuit against AeroVironment, Inc. (NasdaqGS: AVAV) ("AeroVironment" or the "Company"), if they purchased or otherwise acquired the Company's securities between June 25, 2025 and March 10, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Eastern District of Virginia.
Get Help
AeroVironment investors should visit us at https://www.claimsfiler.com/cases/nasdaq-avav-1 or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
AeroVironment and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the U.S. Space Force's Satellite Communication Augmentation Resource program and the U.S. Space Force's ongoing efforts to modernize the Satellite Control Network; (ii) accordingly, defendants overstated AeroVironment's business and financial prospects; and (iii) as a result, defendants' public statements were materially false and misleading at all relevant times.
The case is Norrell v. AeroVironment, Inc., et al., No. 26-cv-01429.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
Shares of WD-40 (WDFC +10.16%) spiked on Friday after the household and industrial products maker delivered profits that handily exceeded investors' expectations.
Image source: Getty Images.
Strong revenue and earnings growth WD-40's net sales jumped 24% to $195 million in its fiscal 2026 third quarter, which ended on May 31.
The gains were broad-based. Sales in the company's Americas, Asia-Pacific, and EIMEA (Europe, India, Middle East, and Africa) segments rose 29%, 24%, and 17%, respectively.
Management credited expanded distribution, e-commerce growth, and a strong customer response to its promotions as key drivers of sales.
Today's Change
(
10.16
%) $
24.32
Current Price
$
263.74
Higher sales of premium versions of its WD-40 products also helped to boost the company's profit margins.
Gross margin improved to 56.6% from 56.2% in the year-ago quarter. That, combined with other scale benefits, contributed to a 47% surge in WD-40's operating income to $40.3 million.
All told, WD-40's adjusted net income soared 50% to $31.5 million, or $2.33 per share. That was well above Wall Street's estimates, which had called for per-share profits of $1.56.
Raised outlook These solid results, along with the company's decision to no longer pursue a sale of its Americas home care and cleaning brands, prompted management to raise its full-year guidance.
Management now sees net sales growing by 10%-12% to between $675 million and $690 million, with adjusted earnings per share rising by 6%-11% to $6.05-$6.35.
Looking further ahead, WD-40's impressive profitability, global growth, and well-covered 1.5% dividend should all support additional long-term gains for investors.
, /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Monolithic Power Systems, Inc. (NasdaqGS: MPWR) ("Monolithic" or the "Company").
On November 11, 2024, Edgewater Research analysts published a report revealing that Nvidia, the Company's largest customer, had cancelled half of its outstanding Monolithic Power orders and intended to eliminate Monolithic Power Systems' allocation to most variants of its next-generation Blackwell chips due to "[p]erformance issues" with the Company's products, and that Nvidia engineers had "lost confidence" in the Company's products and decided to turn to its competitors as "primary suppliers."
Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period in violation of federal securities laws, which remains ongoing.
KSF's investigation is focusing on whether Monolithic's officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Monolithic shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-mpwr/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163
Arbitrum (ARB), an Ethereum Layer 2 scaling solution, is experiencing renewed bullish momentum, driven by increased buying interest and accumulation activity. Sustained demand has bolstered confidence in ARB’s short-term outlook, prompting analysts to monitor key technical levels.
Strong buying activity pushes ARB toward resistanceARB is currently priced at $0.09104, supported by a 24-hour trading volume of $206.75 million and a market capitalization of $579.28 million. The coin’s price structure, along with recent buyback initiatives, is signaling the possibility of a bullish reversal despite recent market consolidation.
Chioefrat, a crypto analyst, noted that ARB’s recent response to a bullish divergence has reinforced optimism for further upside moves in the near term. The most decisive technical confirmation has emerged from the On-Balance Volume (OBV) indicator, which has completed a clean retest to confirm sustained accumulation.
On-Balance Volume data reveals that buyers have maintained steady participation as ARB’s price consolidates, often a precursor to more robust upward momentum.
Market observers suggest that if current momentum and trading volume persist, ARB could attempt to break its next significant resistance at $0.0899. Successfully closing above this level could strengthen the positive trend and attract additional market interest.
MetricCurrent ValueARB Price$0.0910424h Trading Volume$206.75 millionMarket Capitalization$579.28 millionKey Resistance$0.0899Usage-based pricing aims to improve scalabilityAlongside price developments, Arbitrum has launched an innovative usage-based pricing model for network transactions. This scheme ensures that users are billed only for the resources utilized during transaction execution, addressing prior concerns over unpredictable fees.
By introducing greater fee transparency, Arbitrum aims to simplify cost calculation for its users and improve overall network efficiency. The update is expected to reduce operational unpredictability and help foster broader adoption.
According to the project’s team, the new model can advance the protocol’s scalability by optimizing resource allocation, lowering transaction costs, and boosting throughput. These improvements set the foundation for the network to manage higher volumes as usage expands.
Mini dictionary: On-Balance Volume (OBV) is a technical indicator that uses volume flow to forecast changes in the price of a security. It adds volume on days when the price rises and subtracts volume on days when the price declines, helping traders assess buying and selling pressure.
Market outlook remains neutral amid broader recoveryDespite the optimistic forecasts and enhancements to Arbitrum’s network, ARB’s current price position remains in a neutral zone. The wider crypto market is staging a recovery, following positive momentum in BTC, and the next sessions will determine whether ARB can sustain its advance.
Future movement in ARB’s price will depend on buyers’ ability to maintain pressure and overcome the identified resistance with strong volume. Accumulation and effective implementation of Arbitrum’s tokenomics are key to supporting potential upward trends. If buying pressure diminishes, periods of consolidation may follow.
Arbitrum’s initiatives aimed at improved network efficiency and technical resilience could provide the groundwork for increased adoption if market conditions remain favorable.
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.
Circle (CRCL +4.97%) said Friday that it received final approval from the Office of the Comptroller of the Currency (OCC) to open First National Digital Currency Bank, N.A., a national trust bank that will operate as Circle National Trust. Investors liked the news, sending the stablecoin issuer's shares up about 5% by the time the market closed.
The enthusiasm is understandable. Circle issues USDC, a digital token designed to maintain a value of $1. And the company's whole strategy is built on regulation and transparency, in an industry that historically ran short of both -- so a national trust bank charter is about as strong a stamp of federal legitimacy as a crypto company can get.
But shares remain about 75% below their 52-week high of $262.97 as of this writing -- a peak reached in the months after the company's June 2025 initial public offering (IPO). So the question worth asking is whether the charter changes the economics that drove the stock down in the first place.
Image source: Getty Images.
What the charter actually does The new bank will give Circle a federally regulated home for digital asset custody upon opening, starting with services for Circle and its own affiliates. The company said the bank may eventually offer custody directly to a limited number of institutional customers, such as banks.
More important, the charter is designed to eventually allow the bank to manage the USDC reserve (the pool of assets backing every token in circulation), bringing that critical function under direct federal oversight.
"OCC approval to establish Circle National Trust marks a defining step in bringing blockchain technology and digital assets into the core of the U.S. financial system," said Circle CEO Jeremy Allaire in the company's press release about the approval.
Timing matters here. After all, the GENIUS Act, the federal stablecoin law enacted last July, is pushing the industry toward exactly this kind of federal supervision. And Circle has been positioning for it for a while, applying for the charter on June 30, 2025, and securing conditional approval in December.
Circle isn't the only one making this move, however. In December, the OCC conditionally approved five national trust bank charter applications at once -- Circle's application, plus applications tied to Ripple, Paxos, BitGo, and Fidelity Digital Assets.
Federal approval, in other words, is quickly becoming something the whole industry pursues, not an edge only Circle holds.
Today's Change
(
4.97
%) $
3.13
Current Price
$
66.14
The math the charter doesn't change Circle's first-quarter results show both the promise and the problem. USDC in circulation ended the quarter at $77.0 billion, up 28% year over year, and USDC handled $21.5 trillion in onchain transaction volume during the period, up 263%. Total revenue and reserve income rose 20% year over year to $694 million. Almost all of that ($653 million) was reserve income, the interest Circle earns on the cash and short-term treasuries backing USDC. In plain terms, this is largely a business whose revenue rises and falls with short-term interest rates and the amount of USDC outstanding.
And the growth is decelerating. Circle's total revenue and reserve income rose 77% year over year in the fourth quarter of 2025, so the first quarter's 20% growth marked a sharp step down. USDC in circulation tells the same story, growing 72% year over year as of the end of 2025 but 28% as of the end of the first quarter.
My bigger concern is distribution costs, the payments Circle makes to partners that help put USDC into circulation. Distribution, transaction, and other costs totaled $407 million in the first quarter, consuming almost 60% of total revenue and reserve income.
Circle said growth in revenue less distribution costs was offset by higher stock-based compensation and continued investment in product, distribution, and operating infrastructure, helping explain why net income fell 15% year over year to $55 million, even as the business grew.
Circle keeps a surprisingly thin slice of the income that its $77 billion in reserves generates.
Ultimately, the charter strengthens Circle's regulatory standing. And moving reserve management inside a federally supervised bank could make USDC more attractive to the big financial institutions Circle is courting. That is meaningful long-term progress.
But a charter doesn't lower distribution costs or make reserve income less sensitive to interest rates. It doesn't restart growth that has been slowing, either. With a market capitalization of around $17 billion against $55 million of quarterly net income, the stock's valuation arguably still asks investors to assume those problems get solved. The charter likely makes Circle a stronger company. I don't think it makes the stock a buy yet, though, so I'll watch from the sidelines until profits start scaling with USDC itself.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
General Fusion completes its combination with Spring Valley Acquisition Corp. III, clearing the path to a Nasdaq debut as the first publicly listed fusion company
Issued on behalf of General Fusion Inc.
, /PRNewswire/ -- USA News Group News Commentary — For more than two decades, fusion energy has lived almost entirely in the private markets, funded by venture syndicates, corporate strategic investors, and a handful of high-profile backers. That is beginning to change. Built for Our World frames the company's vision for that shift. General Fusion Group Ltd. (NASDAQ: GFUZ) has completed its previously announced business combination with Spring Valley Acquisition Corp. III (NASDAQ: SVAC), a transaction that clears the way for the company to enter the public markets as, by its own account, the first publicly listed fusion company[1].
General Fusion is entering the public markets with approximately US$150 million in cash, inclusive of net transaction proceeds from the private placement and trust capital. This capital is expected to fund General Fusion's Lawson program through several key technical milestones, which the Company aims to complete in 2028, with the goal of demonstrating and de-risking its Magnetized Target Fusion ("MTF") technology in a commercially relevant way. Key Takeaways
General Fusion has closed its business combination with Spring Valley Acquisition Corp. III, with common stock and warrants expected to trade on the Nasdaq under the symbols GFUZ and GFUZW. The company enters the public markets with the funding required to advance the next phase of its Magnetized Target Fusion (MTF) program, anchored by its Lawson Machine 26 (LM26) demonstration machine in Vancouver. The listing arrives as electricity demand accelerates and public-market interest in advanced energy names broadens well beyond traditional utilities. The mechanics of the deal are straightforward for anyone who has followed the recent wave of energy-sector public listings. General Fusion Inc. has combined with Spring Valley, a special purpose acquisition company, to form General Fusion Group Ltd. The company has said it is entering the public markets with cash, including from a private investment in public equity (PIPE) and trust capital, and is expected to fund its Lawson program through the PIPE capital as it advances its fusion energy technology[1].
What makes the story unusual is not the structure but the subject. Fusion has long been described as perpetually twenty years away. This is General Fusion traces the two-decade operating history behind the company. General Fusion is attempting to compress that timeline with a practical engineering approach it calls MTF. Rather than relying on the superconducting magnets or high-powered lasers that define other approaches, MTF mechanically compresses plasma using a liquid metal liner, an approach the company argues is better suited to a real-world power plant built from existing materials.
At the center of that effort is LM26, which the company describes as the first MTF demonstration machine built at a commercially relevant scale. According to General Fusion, LM26 mechanically compresses plasma with a lithium liner at 50 percent of commercial-scale diameter based on current design parameters, and is designed to pursue a sequence of technical milestones: plasma heating to 1 keV, then to 10 keV, and ultimately the Lawson criterion, the combination of conditions required to produce net fusion energy in the plasma[1].
A Small But Widening Field of Public Energy-Transition Names
General Fusion is stepping into a public market that has grown noticeably more receptive to pre-commercial, capital-intensive energy developers. A cluster of advanced nuclear and fuel-cycle companies has become the reference set investors use to think about long-duration, policy-supported energy bets. These companies pursue different technologies and sit at different stages, but they share a common thread with General Fusion: large addressable markets, long commercialization timelines, and valuations that hinge on execution against technical milestones.
Oklo Inc. (NYSE: OKLO) has become one of the most visible advanced-fission names, developing compact fast-reactor designs and working through the U.S. Nuclear Regulatory Commission (NRC) licensing process. NuScale Power (NYSE: SMR) holds an early lead in small modular reactors as the developer of an NRC-certified design. Centrus Energy (NYSE American: LEU) sits on the fuel side of the equation, supplying enriched uranium as domestic fuel security becomes a strategic priority. Bloom Energy (NYSE: BE), a maker of solid oxide fuel-cell power systems, has become one of the market's clearest plays on surging data-center electricity demand, showing how quickly investor appetite for on-site, always-on power has broadened beyond traditional utilities[2].
None of these companies is a fusion pure-play, and General Fusion is quick to note that its own path remains subject to significant technical and commercial risk. But together, they sketch the contours of a public market that is increasingly willing to underwrite the long, uncertain road from laboratory results to grid-scale power.
Why the Timing Matters
The listing lands at a moment when electricity demand is climbing and nations are competing to commercialize next-generation power. General Fusion frames its MTF approach as designed from the outset for practicality: avoiding exotic components, enabling durable machines built from commonly available materials, and integrating with existing power-plant infrastructure. Whether that vision translates into commercial fusion remains an open question, and the company has been candid that meaningful milestones, including the Lawson criterion, still lie ahead.
For public-market investors, the completion of the business combination changes the nature of the question. Fusion is no longer purely a private-market story accessible only to venture syndicates and strategic backers. With General Fusion set to trade under the ticker symbol "GFUZ", the sector now has a public pure-play reference point, and the market will judge its progress in real time, milestone by milestone. The Path to Commercialization lays out how the company plans to get from demonstration to deployment.
Sources
[1] General Fusion Group Ltd. - Completion of Business Combination with Spring Valley Acquisition Corp. III and General Fusion Inc. (company primary release), syndicated via GlobeNewswire
[2] Best Fusion Energy Stocks and the advanced-nuclear reference set (comparative market context)
DISCLAIMER
Nothing in this publication should be considered personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor a recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances.
This article is being distributed by USA News Group on behalf of Market Equities Limited ("Market Equities"). Market Equities has been paid a fee by Creative Direct Marketing Group ("CDMG") for General Fusion advertising and digital media services. CDMG has been retained by General Fusion, pursuant to a services agreement, to provide various marketing and advertising services for an aggregate fee. This article was prepared and published pursuant to that services agreement. Market Equities does not currently own any shares of General Fusion Group Ltd. but reserves the right to buy or sell, and may buy or sell, shares of General Fusion Group Ltd. at any time commencing immediately and on an ongoing basis, without further notice.
This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because a conflict of interest exists due to the compensation described above, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect to receive further compensation as part of an ongoing digital media effort to increase visibility for the company, and no further notice will be given, but let this disclaimer serve as notice that all material disseminated by Market Equities has been reviewed and approved for distribution on behalf of General Fusion Group Ltd. by CDMG; this is a paid advertisement.
Forward-Looking Statements. This publication may contain forward-looking statements within the meaning of applicable securities laws, including statements regarding expected technical milestones, commercialization timelines, business plans, and future performance. Forward-looking statements can often be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should," "could," or the negative of such terms, or other comparable terminology. These statements are based on current expectations, estimates, and projections and involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Such factors include, but are limited to, risks related to the development and commercialization of fusion technology, the ability to achieve technical milestones, regulatory approvals, market acceptance, competition, and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this publication. Neither the company nor any other party undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers should conduct their own due diligence before making any investment decisions.
This disclaimer, together with your access to and use of this content, shall be governed by and construed in accordance with the laws of Ireland.
Cautionary Note Regarding the Business Combination: This article references a business combination among General Fusion Group Ltd. (as of July 13, 2026:NASDAQ: GFUZ), Spring Valley Acquisition Corp. III (NASDAQ: SVAC), and General Fusion Inc. Investors should review General Fusion's and Spring Valley's filings with the U.S. Securities and Exchange Commission, including the Current Report on Form 8-K and related materials available at www.sec.gov, for complete information regarding the transaction, associated risks, and the resulting company's securities.
Contact General Fusion Investor Relations: [email protected]North America toll-free voicemail: +1 (833) 717-1519 | Outside North America: +1 (236) 253-6968General Fusion Media Relations: [email protected] | 1-866-904-0995
Is This Pre-IPO AI Robotics Company the Next Big Defense Play?Ondas NASDAQ: ONDS said it has acquired DZYNE Technologies in a transaction valued at approximately $875 million, marking what Chairman and CEO Eric Brock described as a transformational step in building a scaled autonomous defense and security platform.
Speaking on an investor event call, Brock said the deal includes $200 million in cash and approximately $675 million in Ondas equity. He said the acquisition closed concurrently with signing on July 2, allowing integration to begin immediately. DZYNE shareholders, led by majority owner Highlander Partners, will become among Ondas’ largest stockholders, and Highlander has locked up more than half of the shares it received for six months, according to Brock.
Get Ondas alerts:
Three Stocks Under $20 With Massive Upside Potential“This is not a financial acquisition,” Brock said. “It is a strategic combination designed to create a larger, stronger, and more competitive autonomous defense company.”
DZYNE Adds Autonomous Defense Platforms Brock said DZYNE brings operational products, a U.S.-based manufacturing base, customer relationships across defense agencies and allied militaries, and nearly 120 engineers. He said the acquisition expands Ondas’ position in persistent intelligence, aerial security, counter-drone systems, autonomous effects and AI-enabled mission intelligence.
Ondas Inc. Flywheel Gains Momentum, Vertical Liftoff ImminentDZYNE’s portfolio spans three core franchises, according to the company presentation:
Long-endurance ISR: Ultra and LEAP, autonomous aircraft designed for persistent intelligence missions. Aerial security and counter-UAS: IonStrike, Dronebuster and Sawtooth systems. Autonomous effects: Blitz and Grasshopper, aimed at affordable mass and launched effects missions. Matt McCue, founder and CEO of DZYNE and incoming chief technology officer of Ondas Sentinel, said Ultra provides more than three days of endurance at more than 25,000 feet, while LEAP provides more than a day of endurance at 17,000 feet. He said both platforms are in operational use with U.S. and allied partners.
McCue said IonStrike was developed from concept to demonstrated capability in six months to address threats such as the Shahed-136 drone. He also highlighted Dronebuster and Sawtooth as soft-kill counter-UAS systems, and said DZYNE is working on a long-range electronic attack solution and lidar detection capability.
Ondas Creates Sentinel Operating Platform Ryan Hartman, CEO of Ondas Sentinel, said DZYNE fills a gap between Ondas’ lower-altitude unmanned systems and stratospheric assets, adding Group 4 and Group 5 long-endurance UAS capabilities. Ondas Sentinel will combine DZYNE and World View under one operating platform.
Hartman said the combined Ondas Sentinel organization includes eight U.S. facilities, more than 330,000 square feet of manufacturing capacity, 500 employees and more than 140 engineers. Brock said DZYNE contributes about 145,000 square feet of U.S.-based production capacity.
Ondas executives emphasized the role of SkyWeaver, the company’s mission autonomy layer being developed with Palantir. Hartman said SkyWeaver is intended to connect platforms across Ondas’ portfolio and enable tasking, collection and mission autonomy. In response to a question from Sydney Freedberg of Breaking Defense, Hartman said the company does not intend SkyWeaver to be a closed proprietary system, but rather a platform able to ingest data from and task third-party systems.
Hartman said SkyWeaver is a joint development program between Ondas and Palantir, with Ondas funding the development. He said Palantir is supporting go-to-market activities and helping ensure Ondas platforms can connect with systems such as Maven.
Financial Targets Raised Brock said DZYNE is expected to generate approximately $190 million to $191 million of revenue in 2026 and more than $300 million in 2027. He also said the business is expected to deliver more than 80% compounded annual revenue growth from 2025 through 2028.
Ondas raised its 2026 revenue target to more than $525 million, up from the $390 million target it announced in May. Brock said the revised target includes contributions from DZYNE and Omnisys, whose acquisition closed in May.
DZYNE has $111 million in backlog and a customer pipeline of more than $1.5 billion, according to Brock. He said Ondas entered the second quarter with approximately $457 million in pro forma backlog and announced more than $150 million of additional orders during the quarter. He also said Ondas expects backlog to expand by $95 million upon closing the Cyberhawk acquisition, which the company expects in the third quarter.
In response to a question from Max Michaelis of Lake Street, Brock said the company is seeing gross margins of 40% to 50% for the DZYNE-related profile, while noting Ondas would provide more financial detail on its second-quarter call in August.
Management Says Acquisition Pace Will Moderate During the call, Brock said Ondas has been executing a strategy to build a multi-domain autonomous systems company through acquisitions, partnerships and operating scale. Hartman cited recent activity including BIRD Aerosystems, Rotron Aerospace, a Palantir partnership, Mistral, World View and Omnisys.
Asked whether the acquisition spree is winding down, Brock said Ondas remains in the early stages of a major adoption cycle for unmanned and autonomous systems, but said the company expects to “moderate the acquisition pace” in the second half and focus on growth, integration and operating leverage.
Brock said Ondas’ priorities are to integrate DZYNE, support customers, scale manufacturing, expand recurring revenue and continue investing in technologies that strengthen its competitive position.
About Ondas NASDAQ: ONDSOndas Holdings, Inc NASDAQ: ONDS develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.
The company's Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in Ondas Right Now?Before you consider Ondas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ondas wasn't on the list.
While Ondas currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.
, /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until August 25, 2026 to file lead plaintiff applications in a securities class action lawsuit against Futu Holdings Limited (NasdaqGM: FUTU) ("Futu" or the "Company"), if they purchased or otherwise acquired the Company's securities between May 24, 2023 and May 27, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
Get Help
Futu investors should visit us at https://www.claimsfiler.com/cases/nasdaqgm-futu or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Futu and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company was not in compliance with the requirements of the China Securities Regulatory Commission, including because it continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (ii) as a result, the Company was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; (iii) as a result of the foregoing, the Company's financial results were overstated; and (iv) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
The case is Tang v. Futu Holdings Limited, et al, No. 26-cv-05453.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
People walk behind a logo of Meta Platforms company, during a conference in Mumbai, India, September 20, 2023. REUTERS/Francis Mascarenhas Purchase Licensing Rights, opens new tab
July 10 (Reuters) - Meta (META.O), opens new tab said on Friday it is discontinuing an AI feature launched this week that allowed users to generate images using public Instagram accounts, after drawing widespread criticism over privacy concerns, including from a Hollywood union.
"Our intent was to provide a useful creative tool and to give people control over whether their public content could be referenced in this way," Meta said in a statement.
Learn about the latest breakthroughs in AI and tech with the Reuters Artificial Intelligencer newsletter. Sign up here.
"We've heard the feedback that this feature missed the mark, so it's no longer available," it said.
Meta, owner of Facebook and Instagram, had launched Muse Image on Tuesday, its first image-generation model from Meta Superintelligence Labs. The feature, integrated into its Meta AI chatbot, can use photos as input and lets users edit generated images directly through sketches.
The feature soon faced backlash over privacy concerns and being an automatic opt-in for users.
Emmy-winning actor Hannah Einbinder, known for "Hacks," criticized the feature on Instagram, saying it had been turned on automatically and urging users to turn it off.
SAG-AFTRA, the union representing actors and other media professionals, also urged members and other Instagram users on Thursday to opt out of the feature.
"Anything other than a clear and conspicuous opt-in for these types of uses of Instagram users' images is unacceptable, and an utter miscalculation of public sentiment regarding the obvious dangers and harms inherent in such use," SAG-AFTRA said.
Following Meta's decision to remove the feature, SAG-AFTRA welcomed the move.
"With the dangers of nonconsensual digital replicas well known to all, a feature that encouraged that behavior is unwise. We appreciate its discontinuance. It is the responsible thing to do," a union spokesperson said.
The reversal reflects increasing pressure on technology companies to give users clear control over how their publicly shared content is used by AI features.
Reporting by Natalia Bueno Rebolledo and Mrinmay Dey in Mexico City; Editing by Edmund Klamann and Tom Hogue
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Meta has axed a controversial feature that allowed users to modify photos from public Instagram accounts using AI. The feature, which was rolled out earlier this week along with a batch of other AI tools, “missed the mark” and is no longer available, according to the company.
Earlier this week, Meta announced Muse Image, a new AI image generator built by Meta Superintelligence Labs, its dedicated AI unit. Meta promoted one feature that allowed individuals to generate images by @-mentioning public Instagram accounts that they wanted to reference. The feature, which wasn’t designed to alert a user if their photos were used in this way, prompted immediate backlash.
TechCrunch wrote its own guide on how to disable the feature.
Now Meta has reversed course. The company issued a blog post Friday announcing that it was removing the feature. Puck News founding partner Dylan Byers was the first to share the company’s decision.
“Our intent was to provide a useful creative tool and to give people control over whether their public content could be referenced in this way,” the company posted on its blog. “We’ve heard the feedback that this feature missed the mark, so it’s no longer available.”
TechCrunch reached out to Meta for more information and will update this article if it responds.
Since its integration with social media platforms, AI has been misused with wild abandon — often to generate naked images of female celebrities. Platforms have attempted to mitigate this trend, although the guardrails introduced have often fallen short.
In the case of Meta’s newly nixed feature, it seems somewhat obvious that it would have been abused in this way. Indeed, Byers notes that the decision to do away with the feature came “amid scrutiny from users and talent agencies, including CAA.”
Topics
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
Lucas is a senior writer at TechCrunch, where he covers artificial intelligence, consumer tech, and startups. He previously covered AI and cybersecurity at Gizmodo. You can contact Lucas by emailing [email protected].
