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Stock futures are trading higher this morning, as investors attempt to piece together ongoing updates out of the Middle East, with Iran reportedly wanting to make a deal following the U.S.' most recent attacks. Futures on the Dow Jones Industrial Average (DJI) are flat, flirting with either side of breakeven this morning, while a continued recovery in chip stocks is giving the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) a healthy boost. Meanwhile, weekly jobless claims fell to 215,000 in its latest reading, missing the 218,000 estimate.
Continue reading for more on today's market, including:
The first-half "Top Stocks" update you've been waiting for. Bull note flashing for struggling copper stock. Plus, downgrade dings CRM; PepsiCo reports earnings; and Jeep maker suffers bear note.
5 Things You Need to Know Today The Cboe Option Exchange saw roughly 2.2 million call contracts and 1.9 million put contracts traded on Wednesday. The single-session equity put/call ratio rose to 0.90, while the 21-day moving average remained at 0.58. Shares of Salesforce Inc (NYSE:CRM) are 4.5% lower ahead of the bell, after the cloud name suffered a downgrade to "sector weight" from "overweight" at KeyBanc. The brokerage cited disclosed company figures and uncertain upside. CRM has struggled in 2026, off 37% so far. PepsiCo Inc (NASDAQ:PEP) stock is down 2% ahead of the open, after the Coca-Cola (KO) rival shared mixed second-quarter results. Earnings of $2.24 per share missed estimates, while its revenue exceeded expectations at $21.18 billion. Should these losses hold, PEP will slide further below its year-to-date breakeven level. Stellantis NV (NYSE:STLA) is sinking 1.5% in electronic trading, after J.P. Morgan Securities downgraded the stock to "neutral" from "overweight," saying the Jeep maker would need more than a year to see benefits from its recovery efforts. STLA has shed roughly 50% in both 2025 and over the last 12 months, now trading at six-year lows. Today brings the last of this week's economic data.
European Markets Trade Mixed Asian markets are lower as investors digest comments from the Reuters NEXT Asia conference in Singapore, and U.S. investors eye Friday's debut for SK Hynix on the Nasdaq. South Korea’s Kospi added 0.6% while Japan’s Nikkei gained 1.4%. Elsewhere, China’s Shanghai Composite jumped 1.7% and Hong Kong’s Hang Seng shed 0.7%.
European bourses are mostly higher, as investors weigh France’s emergency support for fertilizer purchases and domestic production amid rising costs fueled by Middle East tensions. London’s FTSE 100 is off by 0.5%, Germany’s DAX is up 0.3%, and France’s CAC is 0.5% higher, at last glance.
SummaryT-Mobile US remains a Buy as fundamentals strengthen despite recent underperformance and earnings multiple compression.TMUS demonstrates superior revenue growth and margins, trading at a forward PEG of 0.94 versus the sector median of 1.17.Significant leverage and high-interest expenses pose valuation risks, but ongoing debt reduction and share buybacks support the bull case.Continued above-market margins and projected 19% annual bottom-line growth from FY2027 could drive future upside if sustained. Getty Images
While I personally found T-Mobile US (TMUS) recent stock price action disappointing. I don't think that its bull case is over. Quite the opposite, while the earnings multiple has compressed. Its fundamentals have dramatically improved in my opinion.
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Clorox remains a defensive dividend play, appealing to long-term income-focused investors despite recent stock weakness. I see the premium valuation as a limiting factor, suggesting potential for price consolidation rather than outperformance. Turnaround potential exists if volatility returns, economic headwinds favor staples, or growth accelerates as analysts anticipate.
Oracle Cloud Innovation Studio becomes the first initiative within IMSA Labs, giving startups access to live race operations, high-volume telemetry, Oracle Cloud Infrastructure, and one of the world's most demanding testing environments
, /PRNewswire/ -- Oracle and the International Motor Sports Association (IMSA) today announced Oracle as the Founding Partner of IMSA Labs, the formalized platform for continued innovation and collaboration between the motorsports sanctioning body and its automotive and technology partners. A cornerstone of the partnership is the launch of Oracle Cloud Innovation Studio, a new startup innovation program built on Oracle Cloud Infrastructure (OCI). The program is designed to help startups move from concept to validated solution by combining Oracle's cloud and AI technologies with IMSA's live race operations, high-volume telemetry, and race-generated data.
"Motorsport has always been a laboratory for innovation, and IMSA has long been where manufacturers prove technologies that ultimately reach consumers," said John Doonan, president, IMSA. "With IMSA Labs, we're extending that tradition beyond the race car to create an innovation ecosystem where startups, technology leaders, manufacturers, and research institutions can develop and validate next-generation solutions in one of the world's most demanding operational environments. We're proud to welcome Oracle as the Founding Partner of IMSA Labs and to launch Oracle Cloud Innovation Studio as the platform's first collaborative innovation program."
As the inaugural program within IMSA Labs, Oracle Cloud Innovation Studio will operate from the IMSA paddock as a live demonstration and development environment. Participating startups will build and refine solutions on OCI using the latest AI, cloud, and data technologies, while validating performance against the speed, complexity, and operational demands of professional endurance racing.
"Innovation happens faster when startups can build against real-world complexity instead of simulated conditions," said Karan Batta, senior vice president, Oracle Cloud Infrastructure. "As the founding partner of IMSA Labs, Oracle is bringing together the power, performance, and scalability of OCI with IMSA's unique operational environment, giving startups a path to develop, validate, and showcase next-generation solutions in a setting where every millisecond and every decision matters."
IMSA brings together 18 global automotive manufacturers competing under shared rules while generating millions of telemetry events throughout each race weekend. This combination of live operations, engineering workflows, edge conditions, distributed systems, and real-time decision-making gives startups a proving ground that is difficult to replicate in a traditional lab, accelerator, or sandbox environment. Participating startups can use OCI to develop and validate solutions across multiple high-impact areas, including:
Adaptive data routing and prioritization: Optimizing telemetry movement from car to pit wall to team headquarters, especially in environments with RF, network, and satellite constraints. Cloud-native telemetry ingestion and replication: Processing structured vehicle and race operations data on OCI and making it available across distributed teams. Real-time decision engines: Analyzing live data streams to support pit strategy, lap modeling, race simulations, and operational decisions. AI-assisted operational insights: Detecting patterns, surfacing anomalies, summarizing complex data, and recommending next-best actions across race operations. Fan-facing live telemetry experiences: Creating digital experiences that bring fans closer to the race through live data visualizations, predictive insights, driver and vehicle metrics, and interactive storytelling. The solutions developed through Oracle Cloud Innovation Studio will address operational challenges common across many industries, including processing high-volume streaming data, enabling real-time decision-making, operating reliably at the edge, and coordinating complex distributed systems. The same technology patterns validated in IMSA's live racing environment can be applied across industries where performance, resiliency, and speed are critical, such as manufacturing, transportation, logistics, energy, telecommunications, and smart venues.
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit oracle.com.
About IMSA
The International Motor Sports Association (IMSA) is North America's premier sports car racing organization and sanctions the IMSA WeatherTech SportsCar Championship, one of the world's leading endurance racing series. With participation from 18 global automotive manufacturers, IMSA provides a world-class platform for competition, engineering innovation, and technology development while reaching fans through live events, digital media, and global broadcast distribution.
Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CPB over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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52-Week Range$19.32▼
$30.34Dividend Yield0.53%
Price Target$22.00
Sony Corp. NYSE: SONY announced plans to discontinue its physical gaming discs starting in 2028. According to the company, the move is being made to coincide with consumer preferences. That sentiment is backed up by Take-Two Interactive NASDAQ: TTWO , which announced that its latest version of Grand Theft Auto will be available exclusively in a digital format.
SONY hasn’t moved much since the announcement, and for good reason. The issue of physical discs doesn’t address the larger threat that’s facing the gaming industry as a whole.
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For updates on that front, investors will have to wait for the company’s earnings report, which is due in early August.
Memory Costs Remain Sony's Biggest Gaming HeadwindThe short-term reaction to the phase-out news was predictable. The decision will lead to cost savings, which investors love. It also has the potential to improve margins.
But it does nothing to address the memory issue, which will still be front and center for Sony and other gaming companies, such as Microsoft NASDAQ: MSFT. Microsoft has recently announced company-wide layoffs of up to 4,800 workers. However, most of those displaced will come from its gaming division, which is struggling with higher memory costs for its Xbox.
Sony faces those issues with its PlayStation console, but on a much greater scale. Sony's PlayStation 5 currently dominates in market share with an estimated 75 million active units globally. That’s a stark contrast to the 30 million units sold across the Xbox Series ecosystem.
That means the company faces a memory issue that’s literally twice as large as that of Microsoft and even more so than that of Take-Two.
Sony's Move Away From Discs Raises Ownership ConcernsSony’s decision, on top of Take-Two's move, is a shot across the bow at a company like GameStop NYSE: GME, which still generates a significant share of its revenue from physical gaming hardware, including discs. But that’s been a known issue for years. GameStop has closed over 1,300 stores in the last two fiscal years due to dwindling demand for physical games.
The real backlash is coming from collectors and physical media loyalists who have now lost the ability to resell, lend, or buy used games. Eliminating discs ties ownership more tightly to platform accounts/servers. The argument is that the absence of physical discs eliminates the second-hand market and gives consumers no alternative to the PlayStation Store. That means after 2028, Sony will be the only arbiter over what a game costs and how long users can use it.
On one level, the concerns hold some merit. If Sony decides to delist a title, gamers who don’t own the physical disc could lose access entirely. Even if they have a physical disc, the functionality will be limited to that version.
Those concerns are coming to a head in a lawsuit by a Dutch law firm, which is seeking $457 billion dollars in damages. The “Fair PlayStation” campaign addresses the “Sony tax,” which refers to the 30% commission that Sony levies on all products sold through its stores.
Plus, the announcement comes shortly after Sony raised the price of its disc-edition PlayStation to $649.99 from $549.99—a not-so-subtle way to nudge consumers to higher-margin digital sales. It may be a coincidence, but the optics give the critics some validity.
However, the real erosion of consumer ownership rights is mostly an argument dressed in nostalgia's clothing. No privacy rights are being lost, and Sony’s larger point is correct. More gamers are simply choosing to download the updated version of a game.
SONY Stock Analysis: Technical Signals Point to Limited UpsideSONY is down about 17% in 2026. The good news is that it looks like it’s formed a bottom at just under $20 per share. The concern is that the upside may be limited without better momentum.
The Sony analyst forecasts on MarketBeat show a consensus price target of $22, which leaves less than 4% by way of upside. Assuming earnings growth of around 10% in the next 12 months, the company’s annual dividend looks safe and may increase. But the yield of 0.5% may not be enough to keep investors interested.
The daily chart supports a case for cautious optimism, but with a big asterisk. Shares have climbed off their recent low to about $21, and the MACD line has crossed above its signal line, a bullish signal that often precedes further near-term gains. That said, the stock remains well below its 200-day simple moving average of $24.05, a level SONY hasn't reclaimed since December 2025.
That gap between improving short-term momentum and a still-declining long-term trend line is exactly why the upside looks capped. A bounce off support isn't the same as a confirmed reversal, and bulls likely need a close above the 200-day average before the broader downtrend is truly broken.
Should You Invest $1,000 in Sony Right Now?Before you consider Sony, you'll want to hear this.
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The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
NEW YORK--(BUSINESS WIRE)--Take-Two Interactive Software, Inc. (NASDAQ: TTWO) today announced that it plans to report financial results for its first quarter of fiscal year 2027, ended June 30, 2026, before the market open on Friday, August 7, 2026. The Company plans to hold a conference call to discuss its results at 8:00 a.m. Eastern Time, which can be accessed by dialing (833) 461-5787 (Meeting ID: 773792521). A live, listen-only webcast and a replay of the call will be available at http://t.
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2026) - RESAAS Services Inc. (TSXV: RSS) (OTCID: RSASF) ("RESAAS" or "the Company"), a leading provider of technology solutions for the real estate industry, today announced a new integration with Microsoft Fabric and Power BI, further expanding RESAAS's growing enterprise data ecosystem and enabling customers to seamlessly incorporate RESAAS's proprietary commercial real estate data into one of the world's leading business intelligence platforms.
The integration enables RESAAS customers to combine unique real-time residential and commercial real estate data with internal and third-party data sources, creating richer reporting, analytics and executive dashboards through Microsoft Fabric and Power BI.
RESAAS's enterprise and institutional real estate customers contribute and access proprietary market data that is unavailable elsewhere, creating a valuable and growing network of unique commercial real estate intelligence.
Many of these organizations already rely on Microsoft Fabric and Power BI to support strategic planning, portfolio management and data-driven decision-making. The new integration allows customers to incorporate RESAAS data directly into their existing analytics environments, accelerating insight while preserving established reporting workflows.
"Our vision is to make high-quality commercial real estate data available wherever our customers make critical decisions," said Tom Rossiter, Chief Executive Officer of RESAAS. "Making valuable enterprise data available through Microsoft Fabric and Power BI is a natural extension of RESAAS's data strategy."
Microsoft's integration enhances RESAAS's enterprise data ecosystem which includes:
SAP (ETR: SAP) PartnerEdge Open EcosystemSnowflake (NYSE: SNOW) AI Data CloudDatabricks Data & AI PlatformRESAAS has a longstanding relationship with Microsoft (NASDAQ: MSFT). The RESAAS technology platform is built on Microsoft Azure Cloud, RESAAS is a member of Microsoft Founders Hub, and Microsoft has awarded RESAAS US$150,000 for Cloud and OpenAI compute to accelerate product development and RESAAS AI innovation.
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About RESAAS Services Inc.
RESAAS Services Inc. is a technology company focused on modernizing collaboration, payments, and data exchange across the global real estate industry. The Company's enterprise platform connects real estate organizations, brokerages, agents, research teams, and institutional participants through technology that facilitate trusted communication, movement of funds, and secure exchange of industry data.
For more information, please visit www.resaas.com
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from RESAAS Services Inc.'s expectations and projections.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304551
Source: RESAAS Services Inc.
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It’s been two years since we caught up with LightningWorks impresario Geoff McCabe, creator of the Starblind comic, and to say he’s been busy in the interim would be an understatement.
As well as scripting over a dozen stories, GHubs grant recipient Geoff has been hard at work developing several video games, efforts he hopes will deepen the narrative of Alien Worlds as Tokenized Lore comes of age.
At the core of his vision is the aforementioned Starblind, a “circus-like” saga whose charismatic protagonist Ash has appeared at several Web3 industry events, with Geoff stepping into his shoes in full cosplay.
We recently spoke to Geoff about the evolution of Starblind, the challenges of lore-building, and how interactive comics and games could breathe new life into the metaverse.
Starblind’s Obsessive Firestarter For Geoff, Starblind is more than a project. “I consider it my life’s work,” he says, “the culmination of a lifetime of passion and study of storytelling, universe-building, art direction, and entertainment. Thousands of hours of my personal time are going to this.”
Interestingly, the story of ringleader Ash draws inspiration from Geoff’s roots as co-founder and performer in Seattle’s Pyrosutra fire circus. “Despite being fairly introverted, I’m an entertainer at heart,” he admits. “Comics and games are the perfect medium for me.”
While Starblind #0 proved the concept, its successor (Starblind #1) showcases enhanced artwork and interactivity and further issues are in the pipeline, each expanding a “universe-within-a-universe” built on Kevin J. Anderson’s foundational lore.
“Starblind Zero was very successful in its small release and we proved that people will buy multiples of a single comic when we give them a good reason to: the average person spent almost $60 buying 20! You can’t replicate that in print, but it makes sense when properly gamified like we did.”
In recent months, Geoff has been working on over a dozen scripts simultaneously, and four video games to support this world, likening his obsessiveness and toil to Mozart’s in Amadeus. “I believe Tokenized Lore needs an anchor series, our own Star Wars Trilogy, to help everyone truly visualize the richness of this world.”
The Promise and Perils of Tokenized Lore Unsurprisingly, LightningWorks founder Geoff has kept track of the growth of Tokenized Lore, feeding multiple canonized stories into LLMs to build glossaries, create a cross-reference guide, and get a better grasp of timelines
“I’m terrified I’ll do something in print, which is very expensive, and then it turns out to conflict with the lore!” he laughs. He’s also aware of the urgency of sending his own lore contributions out into the world.
“While I’m working towards a big reveal, someone else might get lore approved that conflicts with it. That’s why it’s so important to have a foundational series like Starblind that everyone else can SEE, HEAR, and PLAY: it’ll help everyone take the whole universe forward more cohesively. Everyone appreciates lore more when it’s part of something they can actually see.”
Siege Worlds Takes Shape One of the biggest focuses for Geoff has been Siege Worlds, a first-person shooter that has been designed to bring Starblind to life.
“Siege Worlds was my pre-existing game that at one point had over 200 daily players, and this was after many critics had written web3 games off as dead,” says Geoff.
“It’s genuinely very fun, with a game world built for Alien Worlds and related to the stories, set on an island covered with giant mushrooms. It’s nearly done and in playtesting now, with two new playable characters, specialized weapons related to them, and all new monsters.”
When released, Siege Worlds will join a library of community-driven games such as Milky Way Miner, Mercenary Battlegrounds, Mayhem, Meta Battler, and Planetary Defence. With Alien Worlds providing the scaffolding, the ecosystem is turning into a haven of dynamic spinoff games characterized by lore, digital collectibles, and decentralized governance.
Webtoons, AI, and the Next Frontier When not developing games and comics, Geoff has been busy on the conference circuit: in November he moderated the “Tokenize Everything” panel at Blockchain Jungle in Costa Rica, complete with cosplay giveaways and live manga art.
“The main takeaway was the real passion for what we’re doing by so many people,” says Geoff. “When we’ve done events at comic con here, we get lost in a crowd, and the average person doesn’t always want to deal with NFTs or crypto. But at a blockchain conference, everyone is genuinely excited. They say things like, ‘Wow, you’re actually doing something useful in web3!’ and they appreciate the high quality.”
Geoff is candid about Web3 gaming, saying it needs “something really cool to recharge the space. Tokenized Lore has the potential to do it and Alien Worlds is the clear leader, at least on the philosophical level. The mining aspect is also phenomenally cool, but it needs to be grounded in something easier to play. I’ve been working on a new secret game with that in mind.”
Looking ahead, his plan is to move away from overly-complex comics and into a Webtoons-type format. “The Webtoons are free and interactive, and sales come from micro-NFTs in the $1 range, that take all the fun and addictive parts that made Starblind Zero successful and ramp them up to be even better. So I’ve been building that and I think what I’m doing is pretty spectacular… of course, lots and lots of every type of AI is involved!”
Quizzed about what readers and players can expect from him going forward, Geoff promises “an amazing story with tons of secrets, great reveals, and shocking, iconic, sexy, and unforgettable scenes” as well as a tech stack featuring multiple AI-powered Starblind characters.
With Starblind as the anchor, Siege Worlds as the gateway, and Tokenized Lore as the canvas, Geoff McCabe is playing his part in turning Alien Worlds into a sprawling sci-fi epic.
Costco Wholesale Corporation reported softer June comp-store sales, yet overall growth and profit trends remain robust, with e-commerce up 20.9% YoY. I maintain a Hold rating on COST, citing a premium valuation near historical averages and technicals suggesting sideways price action. Membership metrics are strong, with 92.2% renewal in the US/Canada and executive memberships driving 75% of sales penetration.
SAN ANTONIO and MIAMI, July 09, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, and Palantir Technologies Inc. (NASDAQ: PLTR) today announced an operating model framework to help regulated and sovereign enterprises own and operate AI in production. The framework, delivered through Rackspace, combines Palantir Foundry and AIP with Rackspace’s governed private cloud, sovereign cloud, on-prem infrastructure, certified FDEs, and managed operations for customers that require control over data, security, governance, deployment location, and operational outcomes.
The framework is built for markets such as healthcare systems protecting patient records, financial institutions running on regulated data, energy operators with air-gapped infrastructure, and sovereign organizations that cannot move data across borders. For these customers, AI deployment is guided by a few fundamental, non-negotiable questions: Who owns the data? Where should the data live? And can their models be used to build someone else's business? For these customers, where governance, compliance, and security are non-negotiable, AI in production calls for both a platform and a governed operator. Palantir provides the AI operating layer; Rackspace provides the infrastructure, certified engineers, and managed operations to run that layer where the customer’s mission, data, and obligations live.
"While most regulated enterprises have an AI strategy, they often lack the operating model to put AI into production safely and at scale. This effort by Rackspace closes that gap," said Gajen Kandiah, Chief Executive Officer of Rackspace Technology. "Rackspace brings the governed infrastructure, the Palantir-certified engineers, the managed operations, and the accountability for outcomes in the environments where our customers actually live. This is deploy and operate, not deploy and leave. This is how organizations with the most demanding requirements move AI into production at scale."
“Sovereign AI requires more than access to a model. It requires an operating layer that lets enterprises govern data, enforce permissions, route models, audit actions, and deploy capability where the mission lives,” said Alex Karp, Co-Founder and Chief Executive Officer of Palantir Technologies. “This framework brings Palantir Foundry and AIP together with Rackspace’s infrastructure and delivery capabilities for mission-critical environments.”
Since the companies’ initial February 2026 announcement, the partnership has built measurable momentum. Rackspace has scaled to approximately 400 Palantir certifications across sales, engineering, delivery, and operations, including a large global cohort of Palantir-certified forward deployed engineers (FDEs) to serve demand across healthcare, financial services, energy, and mid-market. The first joint deployment closed in <2 months with Rackspace FDEs deploying AI-enabled workflows on Palantir Foundry inside a U.S.-based solar tracking manufacturer to deliver a 94% reduction in their quote cycle time.
Rackspace is also committing to deploy Foundry and AIP across more than 70% of its own back-office operations under the Rackspace OneOS program. In doing so, Rackspace runs its own business on the same governed stack it operates for customers, retaining full control of its data and models rather than ceding them to a third party.
Under the framework, Rackspace serves as a preferred operator for on-premise, private cloud, and sovereign Palantir deployments across critical infrastructure in both the public and private sectors, and for enterprises that demand the same control governments require – with Palantir Foundry and AIP as the data + AI platform layer of the governed enterprise AI stack that Rackspace has been assembling throughout 2026. The two companies will work together to acquire and serve customers in healthcare, financial services, energy, private equity, and the mid-market. The collaboration also aims to stand up large-scale private cloud and sovereign deployments, where Rackspace and Palantir FDEs work side by side inside customer environments. Across these motions, Rackspace will provide the governed infrastructure, certified forward-deployed engineers, and managed operations that take Palantir Foundry and AIP into production. The result is a new category of partnership and operating model delivered by Rackspace designed for regulated enterprises to deploy AI in production.
To learn more visit: https://www.rackspace.com/enterprise-ai/partners/palantir
About Rackspace Technology
Rackspace Technology® (NASDAQ: RXT) is the operator of the full enterprise AI stack from governed private cloud to AI inference and agents in production. With an Outcomes-as-a-Service model built on secure infrastructure, data foundations, and forward-deployed engineering, Rackspace delivers business results for regulated and mission-critical industries where governance, sovereignty, and uptime are non-negotiable. Learn more at www.rackspace.com.
About Palantir Technologies
Foundational software of tomorrow. Delivered today. Additional information is available at palantir.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, the parties’ expectations regarding the amount and the terms of the contract and the expected benefits of Palantir's software platforms and Rackspace’s governed infrastructure and delivery capabilities. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond the parties’ control. These risks and uncertainties include the ability to meet the unique needs of customers; the failure of Palantir's platforms and Rackspace’s governed infrastructure and delivery capabilities to satisfy customers or perform as desired; the frequency or severity of any software and implementation errors; Palantir's platforms’ reliability; and customers' ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings Palantir and Rackspace make with the Securities and Exchange Commission from time to time. Except as required by law, Palantir and Rackspace do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
It’s an unexpected answer from the CEO of a company that builds AI-powered autonomous drone and robotic systems for military and security missions. But Shapira told Benzinga via email that Palantir would strengthen the part of the battlefield AI stack that XTEND doesn’t own: turning mission data into battlefield decisions.
He sees the combination as a natural fit because XTEND’s autonomous drones and robots generate operational data in the field, while Palantir specializes in turning that data into actionable intelligence for commanders.
Why Palantir Stood OutShapira acknowledged that Nvidia, OpenAI, SpaceX and Palantir all play important roles in the rapidly evolving defense technology ecosystem. But he singled out Palantir because of how the two companies’ technologies could complement one another.
At the center of XTEND’s platform is XOS, the software operating system that powers its autonomous drones and robotic systems during live missions.
“Our XOS is the operating system that runs the hardware in the field,” Shapira said. “It’s the layer that generates the operational data as those missions get carried out.”
Palantir, by comparison, “builds the layer that fuses that data into a decision,” he said. Deeper integration, he argues, would “shorten the path from a mission generating data to a commander acting on it.”
Rather than overlapping, Shapira described the companies as operating at different points in the military AI workflow—XTEND executing missions in the field and Palantir transforming mission data into real-time operational intelligence.
A Different View of the AI StackThe answer also highlights how defense AI differs from consumer AI.
Much of the public conversation centers on foundation models from companies like OpenAI or the GPUs powering them through Nvidia. Shapira, however, says battlefield autonomy depends on far more than compute.
The execution layer—where autonomous systems navigate GPS-denied environments and operate with limited communications—relies on specialized autonomy software running locally at the edge rather than general-purpose cloud models.
In that architecture, data generated by autonomous systems becomes just as important as the AI models themselves.
The Bigger PictureShapira’s answer underscores a broader shift taking place across defense technology.
Instead of one company providing every piece of the AI stack, the future is increasingly built around specialized platforms working together—from Nvidia supplying compute, to XTEND operating autonomous systems, to Palantir turning battlefield information into command decisions.
“Collaboration is key in the defense space,” Shapira said, pointing to increasingly complex threats that require integrated solutions rather than standalone technologies. For XTEND, that makes Palantir the partner that could create the clearest strategic advantage.
Image courtesy company PR
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AstraZeneca PLC (LSE:AZN, NASDAQ:AZN) shares fell 9.55% in early trading, wiping £19 billion from the company's valuation, after its Wainua drug failed a closely watched Phase III trial in a form of heart disease.
The drop propelled the stock to the top of the FTSE 100 losers' list.
The CARDIO-TTRansform trial, run with US partner Ionis, tested Wainua in patients with transthyretin-mediated amyloid cardiomyopathy (ATTR-CM), a progressive and often fatal condition in which misfolded protein builds up in the heart.
The study did not meet its primary endpoint of reducing cardiovascular deaths and recurrent cardiovascular events over 140 weeks compared with placebo.
AstraZeneca said adding Wainua to today's standard of care, which included a stabiliser treatment for most patients, provided no statistically significant benefit.
In a prespecified subgroup of patients receiving Wainua on its own, fewer events were observed and the result was nominally significant, though no treatment effect was seen in patients already on stabiliser therapy.
The trial was the largest ever run in ATTR-CM, enrolling 1,432 patients across 130 sites in 20 countries.
Full data will be presented at the European Society of Cardiology Congress in August.
Sharon Barr, head of biopharmaceuticals research and development at AstraZeneca, said that although the trial missed its primary objective, the results support greater scientific understanding of treatment approaches for the hundreds of thousands of patients living with the disease worldwide.
The readout was one of three major Phase III catalysts hanging over the stock in the second half, alongside the SERENA-4 trial of breast cancer drug camizestrant and the AVANZAR lung cancer study of Datroway.
Citi, which has a buy rating on the shares, had modelled peak Wainua sales in ATTR-CM of around $6.2 billion, with a 59% probability of success, making it the highest-conviction of the three readouts.
The bank estimated in May that a failure of CARDIO-TTRansform would knock around 2.8% off its discounted cash flow valuation, equivalent to roughly £5.20 off its £181 fair value estimate.
Notably, Citi argued at the time that the roughly 10% fall in AstraZeneca shares from their pre-results highs already exceeded the combined 7% downside it attributed to the failure of all three trials.
Even in a scenario where all three readouts disappointed, the bank calculated a bear-case valuation of £168, still 23% above where the shares were then trading.
The broker's bull case, assuming success across all three, pointed to a valuation of around £204.
Today's sell-off suggests the market is pricing in a harsher read-across, with investors likely reassessing the risk attached to the remaining SERENA-4 and AVANZAR readouts later this year.
Citi has consistently described AstraZeneca as having the best growth and best pipeline in European pharma, with $46 billion of risk-adjusted peak pipeline sales and ten Phase III readouts due in 2026.
Wainua is already approved in more than 20 countries for the polyneuropathy of hereditary transthyretin-mediated amyloidosis, a separate nerve-damage indication unaffected by today's result.
Retail meme energy has rotated back into three familiar names, and the setups could not be more different. Kohl’s (NYSE:KSS | KSS Price Prediction) closed at about $16 after slipping more than 10% over the past week, yet the stock is up 75% over the past year. Chewy (NYSE:CHWY) trades near $21, down 38% year to date. And Wayfair (NYSE:W) has surged 29% in a month to nearly $87. Retail traders are picking sides.
Kohl’s Turnaround Finally Shows Up Kohl’s posted its best comparable sales performance in over four years in the fiscal first quarter, with comparable sales down 1.1%, and beat on both the top and bottom lines. Revenue totaled $3.17 billion, inventory dropped 8% year over year, and revolving credit borrowings fell to zero from $545 million. CEO Michael Bender told investors, “We are pleased with our start to 2026. Our key initiatives continue to drive progressive improvements to the business.” With a forward P/E near 13 and an analyst target of $17.85, retail chatter frames Kohl’s as a deep-value short-squeeze candidate.
Chewy Draws an Acquisition Thesis on r/stocks Chewy sentiment on r/stocks hit 88 out of 100 (Very Bullish) in late June, driven by a post titled “$CHWY is an Acquisition Target at these Levels” that reached 133 upvotes and 94 comments. User HunterMichael92 wrote, “I have purchased 250,000 shares of $CHWY… because it’s extremely low to zero debt and a cash generating machine.” The fundamentals back the interest:
Q1 revenue of $3.36 billion, up 8% year over year Autoship at 84% of net sales, with 21.5 million active customers Record adjusted EBITDA margin of 8% and a $200 million buyback completed in the quarter Error: Invalid chart data JSON
Wayfair Surges While the Balance Sheet Raises Concerns Wayfair’s 5.2% Q1 adjusted EBITDA margin was its strongest first quarter in five years, and CEO Niraj Shah said the company outperformed the broader market by a high-single-digit percentage. Analysts peg fair value at more than $93 a share. The catch: a stockholders’ deficit of $2.84 billion and $2.9 billion in long-term debt keep the risk profile elevated.
The Takeaway Among the three, Chewy carries the cleanest balance sheet, Wayfair has the momentum, and Kohl’s offers the sharpest reversal setup. Q2 earnings reports across all three companies will determine whether retail traders’ thesis is early or simply wrong.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Chewy didn't make the cut. Grab the names FREE today.
Investment supports GlobalWafers’ U.S. wafer manufacturing expansion and other strategic investments for long-term supply assurance July 09, 2026 08:30 ET | Source: Micron Technology, Inc.
BOISE, Idaho, July 09, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced plans to invest up to $3 billion to strengthen the U.S. semiconductor supply-chain ecosystem and enable the critical semiconductor manufacturing footprint needed for future technology innovation. The investment reflects Micron's commitment to securing a reliable U.S. supply of critical manufacturing materials, enhancing supply assurance, improving long-term planning flexibility, and supporting the growing demand for advanced memory and storage solutions driven by artificial intelligence and other data-intensive applications.
As part of Micron’s planned investment into the U.S. supply chain, the company will provide GlobalWafers Co., Ltd. with $500 million in strategic financing support to advance the development and manufacturing capabilities of its GlobalWafers America 300mm raw silicon wafer manufacturing facility in Sherman, Texas. The companies will also enter into a 10-year supply agreement that will provide Micron with access to significant raw silicon wafer capacity to support its long-term manufacturing plans and bolster the critical semiconductor manufacturing ecosystem in the United States.
"Securing a reliable supply of critical input materials is essential to supporting Micron’s long-term growth and technology roadmap," said Ben Tessone, senior vice president and chief procurement officer at Micron Technology. "Micron’s strategic investment in the U.S. semiconductor ecosystem and GlobalWafers' raw silicon wafer manufacturing facility reflects our commitment to strengthening supply assurance, deepening collaboration with key suppliers, and supporting the expansion of the semiconductor supply chain and manufacturing infrastructure in the United States. Together, these efforts help build a more resilient supply chain that can support future innovation and growing demand for advanced memory solutions."
"Micron has long been an important partner of GlobalWafers, and we are honored to further deepen our strategic collaboration and jointly support the stable supply of critical materials for the semiconductor industry. GlobalWafers is currently the only raw silicon wafer supplier participating in the CHIPS for America Program that is capable of locally producing advanced 300mm wafers in the United States," said Doris Hsu, Chairperson and CEO of GlobalWafers. "Through this close collaboration with Micron, we are not only continuing to meet market demand for high-quality semiconductor wafers, but also helping to strengthen local manufacturing capabilities and supply chain resilience, working hand in hand with Micron to support the continued growth of the U.S. semiconductor ecosystem."
Beyond manufacturing expansion and long-term supply commitments, Micron and GlobalWafers intend to explore collaboration on next-generation wafer technologies and process innovations to support future semiconductor manufacturing requirements.
The proposed transaction remains subject to definitive agreements, customary approvals and closing conditions.
U.S. Secretary of Commerce Howard Lutnick:
“Micron’s pledge of $3 billion to strengthen the U.S. semiconductor supply chain and expand domestic manufacturing capabilities is making the United States stronger in a sector that is vital to our economy and our technological leadership,” said Commerce Secretary Howard Lutnick. “When great companies invest in America, build in America, and bet on American workers, we create the conditions for our country and companies to succeed.”
U.S. Trade Representative Ambassador Jamieson Greer:
“Memory chips are vital to the infrastructure we depend on, from satellites and cars to medical devices and defense systems. President Trump’s trade agenda is safeguarding these critical industries by incentivizing companies to build, invest, and innovate on American soil. Micron’s additional investment of $3 billion will further expand our domestic manufacturing footprint, creating more jobs, enhancing our supply chain resilience, and strengthening our semiconductor ecosystem.”
U.S. Sen. John Cornyn:
“Micron’s $500 million investment in GlobalWafers is great news for North Texas and the Lone Star State’s semiconductor industry,” said Sen. Cornyn. “This project will not only expand the GlobalWafers facility in Sherman but also help create new jobs and strengthen our nation’s chip manufacturing capabilities, and I look forward to seeing these positive developments in Texas’ Silicon Prairie.”
U.S. Rep. Pat Fallon:
“Consistent, reliable access to critical materials is essential for the U.S. to maintain a robust and resilient supply chain here at home,” commented Congressman Pat Fallon (TX-04). “This is welcome news that Micron has announced a major investment in the silicon wafer manufacturing facility here in Sherman, TX. Not only is this announcement a testament to the fact that North Texas continues to attract critical economic development, but it is also a major step forward towards shoring up domestic semiconductor manufacturing. This facility is a benefit both to Texas’ Fourth District and U.S. national security.”
Sherman Mayor Shawn Teamann:
"The city of Sherman’s central role in the domestic semiconductor ecosystem has transformed our city into the hub of the North Texas 'Silicon Prairie,' with billions of dollars in investment and thousands of new jobs,” said Sherman Mayor Shawn Teamann. “Micron’s commitment to support GlobalWafers’ expansion is a huge step forward for the U.S. semiconductor industry, the State of Texas, and our growing, historic city. We’re thrilled to have a world class company like Micron investing in the future of this great nation, right here in Sherman."
About Micron Technology, Inc.
Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding demand growth, investment amounts and timing, and development of the U.S. semiconductor supply chain. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents Micron files with the Securities and Exchange Commission, specifically its most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at https://investors.micron.com/risk-factor. Although Micron believes that the expectations reflected in the forward-looking statements are reasonable, Micron cannot guarantee future results, levels of activity, or achievements. Micron is under no duty to update any of the forward-looking statements after the date of this press release to conform these statements to actual results.
Micron Technology (MU +6.88%) has been one of the best-performing stocks in the artificial intelligence (AI) space. Over the last year, it has risen by more than 680%, even factoring in a pullback in recent days.
Nonetheless, memory was historically a highly commoditized product, with prices governed largely by the laws of supply and demand. When the tech sector needed more than producers could supply, memory prices surged. When those manufacturers built more foundries and supply surpassed demand, prices experienced steep declines. That cycle has repeated many times.
Knowing that, should investors worry about that occurring in the next three years, or can they still expect to win with this semiconductor stock over that time frame?
Image source: The Motley Fool.
Micron's memory market Although the memory chip cycle is a persistent concern in the industry, Micron can expect the high-demand phase of this one to be prolonged thanks to demand for its high-bandwidth memory (HBM). HBM is a critical component in AI build-outs, and Micron is one of only three companies that manufacture it at meaningful scale.
Thus, Micron's stock success over the next three years will likely depend on how the market for HBM fares. Its revenue continues to surge, and forecasts point to robust growth for the foreseeable future. Analysts on average project 247% growth for fiscal 2026 and 81% in fiscal 2027. Although investors typically do not react well to slowing growth under any circumstances, it remains unclear whether they would turn on the stock for that reason.
Also, analysts expect the HBM market to remain supply-constrained through 2027. Fortunately, even if supply does catch up with demand at that point, the market is tight enough now that Micron has been able to compel its largest customers to sign five-year contracts for its products instead of the one-year contracts that were previously the industry standard. This means that even if demand slows, Micron can probably command high memory prices for years to come.
Moreover, earlier in the year, Micron forecast a 40% compound annual growth rate for the total addressable market for HBM through 2028. Even if the company's growth were to slow to that rate, its stock would likely stay ahead of the S&P 500 (^GSPC +0.40%), which has delivered average returns of 15% annually over the previous 10 years.
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Furthermore, its net income in the first nine months of fiscal 2026 (a period that ended May 28) was more than $47 billion, far above the $5.3 billion earned during the same period in fiscal 2025. This has lowered its P/E ratio to just 21 times earnings, and its forward P/E of 13 probably means more multiple compression is coming.
Hence, with revenue growth likely to continue over the next three years, investors should expect a significant rise in Micron stock, though not necessarily the higher valuations that tend to accompany such revenue growth.
Over the next three years, Micron stock will likely outperform the S&P 500.
Admittedly, Micron stock has a history of dramatic reversals when supply catches (or exceeds) demand. If that occurs, it could temporarily undermine Micron's investment thesis, so investors should watch the HBM market closely.
However, the outsize demand for HBM means supply is unlikely to catch up for years. Also, even though its revenue growth rates will almost certainly slow, a scenario where Micron's returns lag the S&P 500 seems unimaginable under current circumstances.
Thus, while the chip industry's cycles have probably not disappeared, investors probably won't have to worry about a dramatic negative turn over the next three years.
Micron logo is seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 9 (Reuters) - Micron Technology (MU.O), opens new tab said on Thursday it plans to invest more than $250 billion in the U.S. through 2035, driven by surging demand for memory chips in the AI era and President Donald Trump's push to bolster domestic chip production.
The new investment plan represents a jump from the $200 billion that Micron announced last June, which was already increased by $30 billion from its original spending plans.
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As part of the investment, Micron said it would spend $3 billion on strengthening the U.S. semiconductor supply chain, of which $500 million will be used to fund advancements in GlobalWafers' 300-mm raw silicon wafer manufacturing facility in Sherman, Texas.
Shares of Micron were up more than 6% in premarket trading.
Micron and GlobalWafers will also enter into a 10-year supply agreement that will provide Micron access to significant raw silicon wafer capacity to support its long-term manufacturing plans.
Reporting by Anhata Rooprai in Bengaluru; Editing by Arun Koyyur and Leroy Leo
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Yet despite the breathtaking run, Wall Street is still valuing the memory-chip maker more conservatively than some of its biggest semiconductor peers.
That raises an intriguing question for investors: Has Micron’s stock outrun its fundamentals—or have its fundamentals outrun the stock?
Micron Is Still The Cheapest AI Chip GiantOn a forward earnings basis, Micron trades at just 6.1 times expected earnings, according to Benzinga Pro data.
The gap is particularly striking given that Micron sits at the heart of the AI infrastructure buildout. The company’s HBM chips have become a critical component inside AI servers, benefiting from the same spending wave that’s powering demand for Nvidia’s GPUs.
The valuation disconnect becomes even more notable when viewed alongside Micron’s growth metrics. Its PEG ratio stands at just 0.139, compared with 0.628 for Nvidia and 1.239 for AMD, suggesting analysts expect earnings growth to remain robust relative to the stock’s valuation.
Micron Stock Chart Suggests Momentum Is Cooling, Not BreakingTechnically, Micron stock’s long-term trend remains firmly intact.
Chart created using Benzinga Pro
The stock continues to trade above its 50-day and 200-day moving averages, with both rising, signaling that the broader uptrend remains healthy despite recent volatility.
Meanwhile, momentum has begun to cool after the explosive rally.
The MACD (moving average convergence/divergence) indicator remains in positive territory, but the indicator has crossed below its signal line, while the histogram has turned negative—often an early sign that bullish momentum is easing.
Meanwhile, the RSI (relative strength index) has cooled to around 50, indicating the stock has worked off much of its overbought condition following its extraordinary rally.
Rather than signaling a breakdown, the technical picture points to a period of consolidation as investors digest one of the semiconductor sector’s strongest runs.
Investment TakeawayMicron’s rally has been extraordinary—but so has its earnings outlook.
Normally, stocks that gain more than 700% command premium valuations. Micron is the exception. Despite becoming one of the biggest beneficiaries of the AI memory boom, it still trades at a fraction of the forward earnings multiples assigned to Nvidia, AMD and Intel.
Whether that gap reflects an overlooked opportunity or a justified discount will ultimately depend on one thing: whether Micron can continue converting AI-driven memory demand into the kind of earnings growth that has powered its historic rally so far.
Image via Shutterstock
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Stock futures are slightly higher this morning as investors monitor developments in the Middle East; PepsiCo's results narrowly beat Wall Street estimates as strength in international markets offset sluggish sales in North America; Korean memory chip maker SK Hynix is reportedly seeing heavy demand for its upcoming U.S. stock listing; AstraZeneca shares are sinking after a disappointing heart drug trial; and Levi Strauss shares are falling after the denim apparel maker issued weak guidance. Here's what you need to know today.
Micron raises its planned U.S. investment to more than $250 billion through 2035 and celebrates a construction milestone at what will be the largest semiconductor manufacturing site in U.S. history July 09, 2026 08:45 ET | Source: Micron Technology, Inc.
CLAY, N.Y., July 09, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced it is accelerating its planned U.S. fab and technology investments and increasing its expected spend to more than $250 billion through 2035, driven by surging demand for memory in the AI era.
Micron anticipates that the increase in investments will support its long-term goal of producing 40% of its DRAM in the U.S. while creating additional good-paying direct and indirect jobs. The expanded investment reflects Micron’s confidence in its technology leadership and continued demand for its leading-edge memory products.
The announcement comes as Micron celebrates the first concrete pour milestone at its Clay, New York site, which occurs more than one quarter ahead of the original plan and marks the transition from site preparation to vertical construction. As announced earlier today, Micron also plans to invest up to $3 billion to develop the domestic semiconductor supply chain ecosystem in support of its U.S. manufacturing footprint.
Today, Micron Chairman, President and CEO Sanjay Mehrotra will host the concrete pour, joined by supplier partners and federal, state and local leaders, including U.S. Secretary of Commerce Howard Lutnick, New York Governor Kathy Hochul, Small Business Administration Administrator Kelly Loeffler, U.S. Chief Technology Officer Dr. Ethan Klein, Onondaga County Executive Ryan McMahon, U.S. Congressman John Mannion, U.S. Congresswoman Claudia Tenney, and Town of Clay Deputy Supervisor Joe Bick.
"As America celebrates its 250th anniversary, data and memory are foundational to the modern economy — and Micron is increasing our U.S. investments to more than $250 billion through 2035 to meet that moment," said Sanjay Mehrotra, Micron Chairman, President, and CEO. "I want to thank President Trump, Secretary Lutnick, Governor Hochul, Senator Schumer, County Executive McMahon, and our partners across government and the community for their leadership. Reaching this milestone ahead of schedule reflects the speed and determination behind this project. Micron is proud to bring the world's most advanced memory manufacturing to Central New York, strengthen the domestic semiconductor supply chain and help secure America's technology leadership for generations to come."
A Media Snippet accompanying this announcement is available by clicking on this link.
“President Trump has made it clear that America is where you should build your business and the world is responding rapidly. Today, Micron pours the foundation on its massive semiconductor campus in upstate New York and increases its American investment commitment to $250 billion, creating nearly 100,000 jobs and providing leading-edge memory supply here in the United States,” said Commerce Secretary Howard Lutnick. “The Trump economic model clearly shows there has never been a better time to invest in the United States.”
"Today's milestone marks another major step for Micron in Central New York, and what makes it even more remarkable is that we're here in July — months ahead of schedule — pouring the concrete foundation,” said Governor Kathy Hochul. “This is the largest private investment in New York State history, and it's already delivering for New Yorkers, our state economy, and our local businesses. With up to 50,000 jobs on the horizon, we are building the future of American memory manufacturing right here in Central New York, and we are building it fast."
Rapid progress in Central New York
Less than six months after breaking ground in January 2026, Micron has completed key early site work and is transitioning to vertical construction. Micron recently selected Bechtel to partner on the engineering, procurement and construction for the first New York fab. Jacobs, the architectural and engineering design partner, and Gilbane Building Company, the preconstruction and site infrastructure contractor, will also join the celebration.
To date, Micron, in partnership with Gilbane on the early site works phase, has directed approximately $675 million — more than half of the total awarded value to date — to New York-based contractors, suppliers, and subcontractors, including companies from Syracuse, Liverpool, Rome, Rochester, Watertown, Buffalo, and Binghamton. More than 80% of the workers on site to date have been New York residents, reflecting the project's impact on upstate New York businesses and communities.
Building the facility will require thousands of skilled craft professionals at peak construction, creating opportunities for union trades, apprentices, local training program graduates, specialty contractors and suppliers. With up to four fabs, Micron’s New York project is the largest private investment in state history and is expected to generate 50,000 jobs in New York, including 9,000 direct Micron jobs.
Building America's memory across the United States
The New York project is the cornerstone of Micron's U.S. investment plan. Micron is also making rapid progress in Idaho, with first wafer output expected in mid-calendar 2027 for the first fab and late calendar 2028 for the second. Earlier this year in Virginia, Micron launched initial production of its 1α (1-alpha) DDR4 technology, supporting customers’ long lifecycle product needs in auto, industrial, medical, aerospace and defense markets.
Together, these projects are expected to create more than 90,000 jobs and advance U.S. economic and national security goals. As Micron makes these investments, the company will remain disciplined in its approach and responsive to the market environment to appropriately align its supply plans.
“This milestone in Central New York shows Micron’s U.S. manufacturing strategy moving from planning to meaningful local impact,” said Manish Bhatia, Micron Executive Vice President of Global Operations. “As we build the capacity, workforce and supplier base needed for the AI era, we are creating opportunities for New York businesses, skilled trades and communities to grow with us. What we are building here will contribute to a thriving semiconductor hub in Central New York, complementing Micron’s existing sites in Idaho and Virginia.”
Investing in the Central New York Community
In honor of America's 250th anniversary, Micron recently announced a $250 million investment in Trump Accounts to reach one million children and families. The company will offer a one-time $250 seed deposit for eligible children in the communities where it operates, including Central New York, as well as an employee match benefit. To date, Micron has also committed more than $50 million to community priorities across Central New York, supporting workforce development, STEM education and other training needs, veterans’ initiatives, housing, transportation, and childcare.
Photos from the event will be available after 3 p.m. ET here.
Kelly Loeffler, Administrator of the U.S. Small Business Administration:
"Micron's massive investment in Central New York – part of a $250 billion investment nationwide – is exactly the kind of bold, American-made commitment that President Trump's agenda was designed to unleash. When a company of Micron's scale puts down roots, it has a powerful effect across our economy – not only by creating 50,000 new jobs and thousands of new work orders for local job creators, but also by strengthening small businesses across America who depend on leading-edge semiconductor technology to fuel every vital industry, from defense to energy. SBA is proud to support the small manufacturers, contractors, and local businesses that will grow alongside Micron's fab as the company advances this Administration’s mission to rebuild American industrial dominance.”
U.S. Chief Technology Officer Dr. Ethan Klein:
"The Trump Administration is committed to achieving unrivaled American leadership in AI, microelectronics, and the full semiconductor supply chain — and milestones like this one show we are turning that commitment into reality. Micron's $250 billion U.S. investments in leading-edge memory manufacturing and R&D will directly power the next generation of American innovation, and we are proud to see that future taking shape right here on American soil."
U.S. Senator Charles E. Schumer:
“Micron’s first concrete pour marks concrete progress towards bringing America’s largest semiconductor manufacturing facility to life right here in Central New York! Micron’s chips are in demand more than ever, and their Central New York project and the 50,000 jobs it’ll create put New York on the global map for advanced chip production. Micron’s total $250 billion U.S. investment is transformative for manufacturing in America and New York. I delivered a $6.1 billion CHIPS grant and billions more in Investment Tax Credit assistance from my CHIPS & Science Law to make this historic project possible. Today, we celebrate a new chapter for American chip manufacturing with Upstate New York leading the way.”
U.S. Congresswoman Claudia Tenney:
“I know how important Micron's investment is to this community — and today's milestone makes that investment tangible. Pouring the first concrete ahead of schedule is a testament to what American workers and American ingenuity can accomplish when Washington opens the path for industry to succeed. By expanding the Advanced Manufacturing Investment Credit through the One Big Beautiful Bill and championing the Working Families Tax Cut Act, Congress has sent a clear signal that the United States is committed to long-term technological leadership and supporting the next generation. Micron's $250 billion investment in making leading-edge memory in the U.S. will create good-paying jobs and strengthen our national security.”
U.S. Congressman John Mannion:
"Pouring the first concrete at Micron's Clay fab — ahead of schedule — is proof that this project is delivering for Central New York. From championing Green CHIPS in the state legislature to fighting for federal investment in Congress, I have been proud to help lay the groundwork for what will become the largest semiconductor manufacturing site in U.S. history, and part of a $250 billion Micron investment across the country. This is an investment in the thousands of workers, families, and businesses of Central New York who will build this facility and help secure America's dominance in the global semiconductor industry for generations to come."
Onondaga County Executive Ryan McMahon:
"Today's milestone is a proud and defining moment for Onondaga County, Central New York, and the country. Pouring the first concrete at Micron's historic New York campus is proof of what this community can achieve when we set ambitious goals, work together, and refuse to slow down. Reaching this milestone months ahead of schedule reflects the grit of the people of Central New York — and the strength of the partnership we have built with Micron. This project to build leading-edge memory locally will reshape the trajectory of our region for generations, and today reminds us that when Onondaga County comes together with purpose, we don't just meet expectations — we exceed them."
Matt Nesbitt, President, Central & Northern New York Building Trades:
“The Central and Northern New York Building and Construction Trades Council could not be more excited for the monumental event today. We are poised and ready for the challenge of building the largest construction project in the history of New York State. The invaluable partnership that our council has forged with Micron to prepare for this historic project is about to be on full display as we build one of the largest chip manufacturing facilities in the United States.”
Justin Driscoll, President & CEO, New York Power Authority:
“Today’s milestone at Micron’s Clay site reflects the growing momentum behind this transformative project. NYPA low-cost power allocations played a vital role in attracting this once-in-a-generation investment that will strengthen New York’s economy, create tens of thousands of good jobs, and cement New York’s role as a global leader in advanced manufacturing.”
David Anderson, President, NY Creates:
"Micron’s announcement that construction is already moving ahead of schedule is exciting for Central New York and for the future of domestic semiconductor manufacturing. This milestone represents tangible progress on a transformational project that will strengthen America’s memory chips leadership and the related supply chain, create thousands of high-tech careers, and generate lasting economic impact across the region. At the same time, NY Creates is proud to partner with Micron on our High NA EUV Lithography Center and the Industrial Manufacturing Technician (IMT) Apprenticeship Program, which advance the capabilities and talent needed to further strengthen the nation’s innovation ecosystem.”
Rob Simpson, Chief Executive Officer, CenterState CEO:
“This is one more important milestone in the foundation we are building for our region's economic resurgence and our country's national security. We are grateful to Micron for their continued partnership and investment in our region and excited to carry this message forward to the global semi-conductor supply chain — Central New York is quickly becoming one of the most important centers for memory and chip manufacturing in the world."
About Micron Technology, Inc.
Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding expected acceleration and expansion of construction projects, target U.S.-based DRAM production, anticipated research and development expansion, expected timing of first wafer output, planned manufacturing, supply chain and community investments, job creation and workforce expansion, and expected economic and community impacts. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially. Please refer to the documents Micron files with the Securities and Exchange Commission, specifically its most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause actual results to differ materially from those contained in these forward-looking statements. These certain factors can be found at https://investors.micron.com/risk-factor. Although Micron believes that the expectations reflected in the forward-looking statements are reasonable, Micron cannot guarantee future results, levels of activity, or achievements. Micron is under no duty to update any of the forward-looking statements after the date of this press release to conform these statements to actual results.
It’s been the big question on the minds of tech investors in the past few weeks: have Micron (NASDAQ:MU | MU Price Prediction) and the broad basket of semiconductor stocks finally peaked out? And is this the moment that investors are betting against the DRAM stocks — which includes Dr. Michael Burry of The Big Short fame himself, who said he was short Micron last week — finally profit from the rollover? Of course, there have been a few moments like this in the past year, when Micron and the broader basket of memory chip stocks slipped by double-digit percentage points in just a few sessions.
Buyers of those past dips were rewarded quite quickly as Micron and the broad basket went on to continue where they left off before a quick correction. Given the V-shaped bounces we’ve seen from such dips, it’s like there was no correction at all for those investors who didn’t check into their positions daily or weekly. In any case, the mood certainly seems just a bit more unsettled this time around, with shares of Micron now in a bear market, off about 22% from all-time highs hit in June.
The semis have been rocked, but they’re not out yet Meanwhile, some of the Magnificent Seven and the rest of the tech trade have held relatively steady.
Indeed, whether there’s a rotation or the rise of a new leadership group within AI and tech remains the big question. In my humble opinion, the latest dip might prove to be another big bump on the road higher for the memory makers. When it comes to the fundamentals, things are still very much firing on all cylinders.
It’s hard to procure more high-bandwidth memory (HBM). It’s sold out, and the line to secure more supply is quite long, to say the least. Nothing has changed about that. With SK Hynix poised to make a big splash with an IPO on the Nasdaq, there’s also potential for the DRAM makers to reheat again in record time. That’s the risk for the bears looking to go short after the latest move.
As it turns out, it’s not so easy to bet against one of the fiercest momentum trades in the market. As the next generation of GPUs (and what will follow that) go on sale, there’s a serious risk that HBM could remain in short supply through 2028 and even going into 2029 in spite of expansion efforts made by the Big Three memory makers.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
The hardware deficit isn’t getting any better Like it or not, the hardware deficit is in a terrible state, and it could get so much worse before it gets any better, as I noted in a prior piece. Sure, memory chips are commodities, but in this AI revolution, the narrative may have fundamentally changed. When you consider Jevons Paradox (cheaper AI compute leading to more usage), HPM demand might just act as a flywheel that keeps on spinning ever faster.
When it comes to the Wall Street pros, they seem little moved by the latest slide in Micron. Sell-side analysts have been aggressively raising the bar on their price targets, and until we see some of them lower the bar after a nasty slide, the consensus seems to be that the dip is buyable, and they might be far off.
At this juncture, the Street-high price target, belonging to Melius Research, sits at a lofty $2,200 per share — that’s a gain of around 133% from here. The bull points are the monopolistic environment in the U.S. (that comes with pricing power) and incredible fundamentals (that might not normalize all too quickly).
The bottom line In short, Micron’s in the perfect zone right now, and it’s becoming really hard to time any sort of top, given all data suggests more of the same will probably be up ahead. Apart from Dr. Burry, you’re not going to find many bears in the sell-side analyst camp.
Unless you’re willing to go against the grain and run the risk of getting squeezed, I think it’s best not to follow the shorts into a name that will probably only fold if a hyperscaler scales back — something that’s still unthinkable given it feels like being at a poker table where everybody just raises or calls, given how massive the pot has become and how towering their chip stacks are still.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
Micron Technology shares surged 6% in premarket trading on Thursday after the memory-chip maker announced plans to invest up to $3 billion to strengthen the US semiconductor supply chain.
The bullish analyst commentary and improving sentiment toward AI-related memory demand further supported the stock.
Micron Technology said it plans to invest up to $3 billion to expand the US semiconductor supply-chain ecosystem and support the manufacturing footprint needed for future technology innovation.
"The investment reflects Micron's commitment to securing a reliable US supply of critical manufacturing materials, enhancing supply assurance, improving long-term planning flexibility, and supporting the growing demand for advanced memory and storage solutions driven by artificial intelligence and other data-intensive applications", the company said in its press release.
As part of the initiative, Micron will provide GlobalWafers Co., Ltd. with $500 million in strategic financing to help expand the company's GlobalWafers America 300mm raw silicon wafer manufacturing facility in Sherman, Texas.
The companies also plan to enter into a 10-year supply agreement that will give Micron access to significant raw silicon wafer capacity to support its long-term manufacturing plans and strengthen the US semiconductor manufacturing ecosystem.
Beyond the manufacturing expansion, Micron and GlobalWafers said they intend to explore collaboration on next-generation wafer technologies and process innovations to support future semiconductor manufacturing requirements.
Micron shares rose 6% in premarket trading on Thursday, extending a rebound that followed gains by South Korean memory-chip makers Samsung and SK Hynix during the Asian trading session.
The recovery comes after Micron's stock had retreated from levels above $1,200 in late June as investors grew concerned about whether the pace of artificial intelligence spending that has fueled demand for memory chips could be sustained.
Sentiment appeared to improve after SK Hynix climbed more than 5% in local trading on Wednesday, helping lift confidence across the memory-chip sector.
Analysts remain positive on AI-driven memory demandBank of America analyst Vivek Arya reiterated a Buy rating on Micron and maintained a price target of $1,550.
Arya said global cloud and AI infrastructure spending could reach $1.5 trillion by 2027, with between 35% and 40% of that spending directed toward memory components.
He argued that investors are underestimating the shift in memory from a highly cyclical product to a strategic component of AI infrastructure.
Arya's $1,550 price target is based on a sum-of-the-parts valuation.
It values Micron's traditional cyclical memory business at around three times its expected 2028 book value while assigning its high-bandwidth memory business a price-to-earnings multiple of 31 times forecast 2028 earnings.
UBS also maintained a positive view on the memory market.
The brokerage raised its forecast for DRAM contract prices, projecting DDR prices to increase 32% quarter on quarter in the third quarter, up from its previous estimate of 17%.
The stronger pricing outlook adds to expectations that demand for memory products will remain supported as AI infrastructure investments continue, even after recent concerns over the sustainability of AI-related spending weighed on semiconductor stocks.
Micron benefits from structural tailwinds as tight DRAM and NAND market conditions are expected to persist until at least post-2028 due to surging AI inference workloads. Long-term strategic customer agreements now cover 20% of DRAM and 33% of NAND volume, stabilizing pricing and driving projected gross margins above 60% by 2030. Emerging Chinese competitors are expanding market share but remain technologically lagged by 2 to 5 years and pose minimal threat as their supply is contained domestically.
AMC Entertainment Hldgs stock is facing resistance. Why are AMC shares declining? What Is Driving AMC Stock Higher?Macquarie kept a Neutral rating but raised its AMC price target to $2.00 from $1.50, pointing to stronger-than-expected movie theater demand and a better box office setup. The firm also lifted its 2026 adjusted EBITDA view to $629 million from $600 million and narrowed its projected 2026 adjusted loss to 24 cents per share from a prior loss estimate of 28 cents.
AMC Stock: Critical Levels To WatchAMC is still trying to work through near-term overhead supply: the stock is trading 12.4% below its 20-day SMA ($2.15), even as it holds above the 50-day SMA ($1.81) and the 200-day SMA ($1.85). That mix fits a "bounce inside a bigger range" profile, especially with the 50-day SMA still below the 200-day SMA (a bearish longer-term backdrop) despite the 20-day SMA sitting above the 50-day SMA (a bullish shorter-term crossover).
RSI is the cleaner momentum lens right now at 47.99, which is neutral and suggests neither buyers nor sellers have clear control. In plain terms, RSI helps gauge whether recent trading has gotten stretched; a mid-range reading often lines up with choppy, level-to-level action rather than a runaway trend.
Key Resistance: $2.00 — a round-number area just above current price where rebounds can stall, with the 20-day EMA near $1.99 adding to the "ceiling" effect AMC Stock Price Activity TodayAMC Stock Price Activity: AMC Entertainment shares were down 1.05% at $1.89 during premarket trading on Thursday, according to Benzinga Pro data.
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Agents can now invite buyers and sellers they already know to collaborate with them on Zillow, unlocking insights and tools to help create more personalized client experiences and more business
, /PRNewswire/ -- With 235 million average monthly unique users1 and 70% of actual buyers and sellers in the U.S. on Zillow® today,2 most of a real estate agent's past clients are already browsing homes on Zillow, often without a clear path to take the next step. If agents could see those signals and act on them, they could show up at the right moment with the right information, giving buyers and sellers the guidance they need when they need it. And when agents are better connected to the clients they've already built relationships with, everyone wins — agents grow their business and consumers get a more responsive, more personal experience throughout their search.
Zillow has launched Zillow Pro℠, its premium membership for any and all real estate agents. It lets agents invite buyers and sellers they are working with to collaborate on Zillow, unlocking insights and tools for more personalized client experiences.
My Agent is a collaboration tool that brings agents into the shopper's Zillow experience. When a consumer accepts an invitation to My Agent, agents get real-time insight into what that shopper is browsing, saving and searching in their area.
"Likely to List" is a Zillow Pro premium feature powered by AI that helps agents spot properties in their existing Follow Up Boss database that may be coming to market soon, giving agents a reason to reconnect with past contacts who may be interested in selling.
Agents and shoppers can message or book a tour together on Zillow listings in their local market, staying connected without ever leaving their Zillow search.
A premium Agent Profile gives agents a differentiated presence on Zillow, with custom branding, photos and video. Zillow has launched Zillow Pro℠, its premium membership for any and all real estate agents, nationwide to make this possible. The membership equips agents with exclusive tools built to help them meet clients where they already are — on Zillow — and work together seamlessly. Agents can invite any buyer or seller in their network to collaborate with them on Zillow, and once that contact accepts, agents get visibility into their Zillow activity along with the tools to help them know when and how to best reach out. Nearly 20,000 agents have already used Zillow Pro in its beta version, and buyers working with agents who have a membership are 80% more likely to meet with their agent face-to-face and 50% more likely to move forward in their search.3
In a housing market where sales are on track for another flat year and mortgage rates are once again near 6.5%, agents are competing harder for every transaction. The relationships an agent builds over years are foundational to their business. But being kept in mind across a large client base is hard, and most agents have no way of knowing when someone in their network starts getting serious about a move. That closed door is where opportunities are lost.
"Real estate runs on relationships, and we see time and again the agents who win are the ones who show up at the right moment with the right information," said Cynthia Taylor, senior vice president of product at Zillow. "Now any agent can have the tools and visibility to do that across their entire business. This is our commitment to helping agents get more out of the platform where their clients are browsing, dreaming and planning."
It starts with My Agent, a collaboration tool that brings agents into the shopper's Zillow experience. When a consumer accepts an invitation to My Agent, agents get real-time insight into what that shopper is browsing, saving and searching in their area. That intelligence helps agents deliver more timely and relevant outreach by using Follow Up Boss® automatic prioritization and tailored message suggestions. Consumers who connect through My Agent convert at more than four times the rate of those with inferred relationships.4
Shoppers, in turn, see their agent across Zillow listings in their local market as they search and can easily message or book a tour with their agent, staying connected without ever leaving their Zillow search.
"The client wants to be on Zillow. Everybody is on Zillow," said Lisa Ryan, vice president of agent services at Exquisite Properties in San Antonio. "Zillow Pro membership allows us to be more intentional with keeping that relationship and nurturing it as well."
No other platform can deliver the combination of a world-class customer relationship management (CRM) system with insights from the largest online audience of home shoppers in the country. With a Zillow Pro membership, any agent — whether they advertise on Zillow or not — can extend My Agent invitations to any contact in their Follow Up Boss database.
Listing agents get a meaningful edge with the new "Likely to List" tag, a Zillow Pro premium feature. Powered by AI, Likely to List helps agents spot properties in their existing Follow Up Boss database that may be coming to market soon, giving agents a reason to reconnect with past contacts who may be interested in selling.
Powerful tools for branding, outreach and day-to-day workflow round out the agent's tool kit. A premium Agent Profile gives agents a differentiated presence on Zillow, with custom branding, photos and video. AI automatically surfaces the most engaged contacts, generates personalized outreach and gives agents instant context on a contact's history so they always know who to call and how to help. In supported MLS markets, agents can also search listings, share properties with buyers and track engagement without leaving Follow Up Boss — with their branding on every listing link they send. Combining these tools in a Zillow Pro membership, agents get a complete system for staying visible, informed and connected with clients.
Along with Zillow PreviewSM and Zillow ShowcaseSM, as well as consumer tools like its AI mode, Zillow is building a richer and more connected experience for everyone in the transaction. Buyers move from browsing to action, sellers reach the right buyers earlier and agents have the tools to guide their clients from preparation through closing.
Agents can learn more and get started at zillowpro.com.
About Zillow Group:
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.
As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.
Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.
Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.
1 Zillow data, full-year 2025.
2 Zillow Group monthly unique visitors divided by "real estate" unique visitors (as defined by Comscore) for December 2025.
3 Based on Zillow internal analysis comparing matched contacts with and without a My Agent Relationship.
4 Internal analysis suggests this reflects the higher intent of buyers who actively confirm an agent relationship, rather than the relationship status itself driving conversion.
NEW YORK, July 09, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Zillow Group, Inc. (“Zillow” or the “Company”) investors of the August 10, 2026 deadline involving a securities fraud class action lawsuit commenced against the Company.
Should You Join The Zillow Group Class Action Lawsuit:
Do you, or did you, own shares of Zillow Group, Inc. (NASDAQ: ZG, Z)?Did you purchase your shares between February 11, 2025 and May 7, 2026, inclusive?Did you lose money in your investment in Zillow Group, Inc.? What To Do Next:
Investors are encouraged to act promptly and submit a form at Zillow Group, Inc. Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].
If you wish to serve as lead plaintiff for the Class, you must file papers by August 10, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About The Lawsuit:
A lawsuit was filed on behalf of investors (the “Class”) who purchased or acquired Class A (NASDAQ: ZG) or Class C (NASDAQ: Z) common stock of Zillow between February 11, 2025 and May 7, 2026, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its senior officers.
The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, Zillow common stock traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.
About Bernstein Liebhard:
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
Index Dow Jones -0,12 % na 52286,93 b., S&P 500 +0,32 % na 7506,42 b., Nasdaq Composite +0,53 % na 26008,92 b.
Technologické akcie dnes táhnou index S&P 500 nahoru, podpořeny silnou poptávkou po americkém IPO jihokorejského výrobce paměťových čipů SK Hynix. Nabídka je podle lidí obeznámených s danou záležitostí více než sedmkrát přepsána. Cena emise byla stanovena na 149 USD za jeden americký depozitní certifikát, přičemž akcie se mají začít obchodovat na burze v pátek.
Micron (+7,2 %) oznámil urychlení plánovaných investic do amerických výrobních závodů a technologií. Celkové výdaje by měly do roku 2035 přesáhnout 250 mld. USD, oproti původně plánovaným 200 mld. USD. Cílem je vyrábět 40 % veškeré paměti DRAM v USA, přičemž první výstup z výrobní linky v Idahu se očekává v polovině roku 2027.
Naopak akcie Paramount Skydance klesají 7,8 % poté, co analytická společnost Arete Research snížila své doporučení na „prodat" a stanovila nejnižší cílovou cenu na trhu. Důvodem je obava z vysokého zadlužení, které by společnosti přinesla případná fúze s Warner Bros. Discovery.
Akcie IBM a Microsoftu také oslabují poté, co Bloomberg News informoval, že Starbucks vyvíjí vlastní interní nástroje s pomocí umělé inteligence, které by mohly nahradit software nakupovaný od těchto společností. Řetězec káváren buduje alternativy k systému Microsoftu pro sledování zásob a nástroji IBM pro správu údržby. Část nového softwaru by mohla být nasazena do konce příštího roku, pokud projde testováním.
Výrobce nápojů a potravin PepsiCo (-4,8 %) zveřejnil výsledky hospodaření za druhé čtvrtletí roku fiskálního roku 2026. Organické tržby vzrostly o 2,4 %, čímž mírně zaostaly za odhadem analytiků, přičemž segment potravin v Severní Americe organicky klesl o 2 %. Tržby a jádrový zisk na akcii odhady mírně překonaly a společnost potvrdila celoroční výhled organického růstu tržeb.
Společnost Meta Platforms (-2,7 %) plánuje od září zahájit výrobu vlastního AI čipu, a to jako součást plánu na navýšení celkové výpočetní kapacity na 14 gigawattů v příštím roce. Vyplývá to z interního mema, které měla agentura Reuters k dispozici.
Index S&P 500 +0,32 % na 7506,42 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +1,5 % Nezbytná spotřeba -1,8 % Průmysl +0,9 % Komunikační služby -1,5 % Utility +0,2 % Zbytná spotřeba -0,7 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Lam Research Corp (LRCX) +11 % Paramount Skydance Corp (PSKY) -7,8 % Lumentum Holdings (LITE) +10,0 % PepsiCo (PEP) -4,8 % Applied Materials (AMAT) +9,6 % FactSet Research Systems (FDS) -4,4 % KLA Corp (KLAC) +9,4 % Palantir Technologies (PLTR) -4,0 % Ciena Corp (CIEN) +8,6 % Gartner (IT) -3,8 % Zdroj: Bloomberg
Analyses across Kisunla (donanemab-azbt) trials providing further insights into the benefit-risk profile from long-term extension data
New data compares the diagnostic performance of P-tau217 blood tests with amyloid positron emission tomography (PET) in cognitively unimpaired Alzheimer's disease
Research spanning diagnostics, long-term treatment, disease biology, and patient-centered outcomes reflects Lilly's 35-year commitment to Alzheimer's disease science
, /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced it will present 16 abstracts at the 2026 Alzheimer's Association International Conference (AAIC), July 12-15 in London. Three oral presentations anchor the scientific program, with 13 poster presentations spanning imaging science, health economics, real-world prescribing evidence, and patient-centered outcomes, reflecting Lilly's 35-year commitment to answering open questions in Alzheimer's disease.
Key Presentations at AAIC 2026
New Clinical Evidence on Kisunla (donanemab-azbt)
On July 15, a Developing Topics Session, Donanemab in Early Symptomatic Alzheimer's Disease: Evidence to Address Clinical Questions, will present new insights from TRAILBLAZER-ALZ 6 and the TRAILBLAZER-ALZ 2 long-term extension. Findings include new data on safety through modified titration and corticosteroid pretreatment as well as long-term extension evidence on biomarkers and the potential durability of clinical benefit.
Advancing Diagnostics
Also on July 15, Samantha Burnham, Ph.D., senior research scientist, Eli Lilly and Company, will present data showing P-tau217 blood biomarker assays demonstrated strong rule-in performance comparable to amyloid PET for identifying Alzheimer's disease pathology in cognitively unimpaired individuals. Though blood biomarker tests and amyloid PET agents are not currently indicated for use in cognitively unimpaired individuals, the results generate support for a potentially scalable, accessible alternative to specialized imaging in the future.
Advancing Scientific Methodology
On July 13, as the organizer of the Featured Research Session, Lars Raket, Ph.D., Eli Lilly and Company, will deliver an oral presentation on external controls versus internal extrapolation in the TRAILBLAZER-ALZ 2 long-term extension (Room N10). The analysis addresses a key methodological question in Alzheimer's disease research: how long-term outcomes are measured and interpreted in clinical trials, reflecting Lilly's commitment to the scientific rigor that underpins credible long-term evidence generation.
A full list of abstracts appears below. Presentations will be available at www.lilly.com following their scheduled release times.
Abstract Title
Presenter
Presentation
Type/#
Details (Date, Time,
Location, Session Time)
Kisunla (donanemab-azbt)
External Controls vs. Internal
Extrapolation in the
TRAILBLAZER-ALZ 2 Long-
Term Extension
Lars Raket
Featured
Research
Session
7/13/2026
Room: N10
Session: 9-10:30 a.m.
Donanemab in Early
Symptomatic Alzheimer's
Disease: Evidence to
Address Clinical Questions
Nick Fox,
Emel Serap
Monkul Nery,
Hong Wang,
Erin Doty
Developing
Topics Session
7/15/2026
9-10:30 a.m.
Interim Analysis of the
United Kingdom
Donanemab Controlled
Access Programme: Early
Patient Characteristics and
Prescribing Patterns
Krista Schroeder
Poster
7/12/2026
Poster #8953
7:30 a.m.-4:15 p.m.
Exhibit Hall
Diagnostics
Blood Biomarker Assays
Demonstrate Strong Rule-in
Performance for Identifying
Cognitively Unimpaired AD
Samantha
Burnham
Oral
7/15/2026
Room: S11
Session: 8-8:45 a.m.
Baseline amyloid and tau
PET characteristics in early
Alzheimer's Disease: Results
from the TRAILRUNNER-ALZ
3 PET Addendum
Ilke Tunali
Poster
7/15/2026
Biomarkers: Neuroimaging,
8 a.m.- 3 p.m.
Exhibit Hall
Evaluation of Diffusion
Tensor Imaging biomarkers
in phase 2 PROSPECT-ALZ
study of Ceperognastat in
early symptomatic
Alzheimer's disease
Regional tau PET Extent to
estimate pathological
volume, capture tau
heterogeneity, and detect
treatment response in
clinical trials
Vikas Kotari
Poster
7/11/2026 and 7/14/2026
Biomarkers: Neuroimaging,
7:30 a.m.-4:15 p.m.
*Will also be presented at
AIC ahead of AAIC*
Cross-sectional evaluation of
diffusion tensor imaging
endpoints using three
clinical trials in Alzheimer's
disease
Diana Otero
Poster
7/13/2026
Biomarkers: Neuroimaging,
7:30 a.m.-4:15 p.m.
Exhibit Hall
Health Economics and Outcomes Research (HEOR)
Drivers of Increased
Healthcare Utilization and
Medicare Payments During
Cognitively Unimpaired
(Preclinical) Alzheimer's
Disease Progression
Zachary Sheff
Poster
7/12/2026
Poster #441
7:30 a.m.-4:15 p.m.
Exhibit Hall
Neurocognitive, Biomarker,
and Health Outcomes in
Those at Risk for Alzheimer's
Disease Symptoms:
ANCHOR-AD Study Design
Nalin Payakachat
Poster
7/14/2026
Poster #9036
7:30 a.m.-4:15 p.m.
Exhibit Hall
Incident institutionalization
rates among Medicare
beneficiaries with
Alzheimer's disease or mild
cognitive impairment
Zachary Sheff
Poster
7/12/2026
Poster # 7262
7:30 a.m.-4:15 p.m.
Exhibit Hall
Risk Algorithms to Predict
Elevated Plasma P-tau217
Status: A Cross-sectional
Analysis
Nalin Payakachat
Poster
7/12/2026
Poster # 2141
7:30 a.m.-4:15 p.m.
Exhibit Hall
Natural Language Processing
(NLP) Algorithms to Identify
Intracerebral Hemorrhage
>1 cm and Amyloid-Related
Imaging Abnormalities
(ARIA) in US Electronic
Medical Records
Krista Schroeder
Poster
7/15/2026
Poster # 8947
7:30 a.m.-4:15 p.m.
Exhibit Hall
About Alzheimer's Disease
By 2030, an estimated 78 million people worldwide are projected to have Alzheimer's disease, rising from approximately 55 million today, from those living with the earliest changes associated with the disease, to those experiencing profound memory loss.¹ The disease begins silently, often decades before any change in memory or thinking, with the accumulation of amyloid plaques in the brain,2 progressing through stages of increasing memory loss, behavioral changes, and growing dependence on caregivers.3
Nearly 4 in 5 Americans say they would want to know if they had Alzheimer's disease before experiencing symptoms or before symptoms interfere with their daily activities.4
About Kisunla® (donanemab-azbt)
Kisunla is currently approved as an amyloid-targeting treatment for people with mild cognitive impairment as well as people with mild dementia stage of early symptomatic Alzheimer's disease with confirmed amyloid pathology. Kisunla is a humanized monoclonal antibody that targets and reduces insoluble N-truncated pyroglutamate amyloid beta plaques, a defining feature of Alzheimer's disease, and is administered as an intravenous infusion every four weeks. Kisunla can cause serious side effects, including ARIA and infusion-related reactions. Apolipoprotein E ε4 (ApoE ε4) homozygotes have a higher incidence of ARIA, including symptomatic and serious ARIA, and testing for ApoE ε4 status should be performed prior to initiating treatment. Carriers of one or two copies of the ApoE ε4 gene may be at higher risk of developing Alzheimer's disease and experiencing ARIA. Patients should discuss any safety concerns with their healthcare providers.
INDICATION AND SAFETY SUMMARY WITH WARNINGS
Kisunla® (kih-SUHN-lah) is used to treat adults with early symptomatic Alzheimer's disease (AD), which includes mild cognitive impairment (MCI) or mild dementia stage of disease.
Warnings - Kisunla can cause Amyloid-Related Imaging Abnormalities or "ARIA." This is a common side effect that does not usually cause any symptoms, but serious symptoms can occur. ARIA can be fatal. ARIA is most commonly seen as temporary swelling in an area or areas of the brain that usually goes away over time. Some people may also have spots of bleeding on the surface of or in the brain and infrequently, larger areas of bleeding in the brain can occur. Although most people do not have symptoms, some people have:
Headache Dizziness Nausea Difficulty
walking Confusion Vision changes Seizures Some people have a genetic risk factor (homozygous apolipoprotein E ε4 gene carriers) that may cause an increased risk for ARIA. Talk to your healthcare provider about testing to see if you have this risk factor.
You may be at higher risk of developing bleeding in the brain if you take medicines to reduce blood clots from forming (antithrombotic medicines) while receiving Kisunla. Talk to your healthcare provider to see if you are on any medicines that increase this risk.
Your healthcare provider will do magnetic resonance imaging (MRI) brain scans before and during your treatment with Kisunla to check you for ARIA. You should carry information that you are receiving Kisunla, which can cause ARIA, and that ARIA symptoms can look like stroke symptoms. Call your healthcare provider or go to the nearest hospital emergency room right away if you have any of the symptoms listed above.
There are registries that collect information on treatments for Alzheimer's disease. Your healthcare provider can help you become enrolled in these registries.
Warnings - Kisunla can cause serious allergic and infusion-related reactions. Do not receive Kisunla if you have serious allergic reactions to donanemab-azbt or any of the ingredients in Kisunla. Symptoms may include swelling of the face, lips, mouth, or eyelids, problems breathing, hives, chills, irritation of skin, nausea, vomiting, sweating, headache, or chest pain. You will be monitored for at least 30 minutes after you receive Kisunla for any reaction. Tell your healthcare provider right away if you have these symptoms or any reaction during or after a Kisunla infusion.
Other common side effects
Headache Tell your healthcare provider right away if you have any side effects. These are not all of the possible side effects of Kisunla. You can report side effects at 1-800-FDA-1088 or www.fda.gov/medwatch.
Before you receive Kisunla, tell your healthcare provider:
About all medicines you take, including prescription and over-the-counter medicines, as well as vitamins and herbal supplements. Especially tell your healthcare provider if you have medicines to reduce blood clots from forming (antithrombotic medicines, including aspirin). About all of your medical conditions including if you are pregnant, breastfeeding, or plan to become pregnant or breastfeed. Kisunla has not been studied in people who were pregnant or breastfeeding. It is not known if Kisunla could harm your unborn or breastfeeding baby. How to receive Kisunla
Kisunla is a prescription medicine given through an intravenous (IV) infusion using a needle inserted into a vein in your arm. Kisunla is given once every 4 weeks. Each infusion will last about 30 minutes.
Learn more
For more information about Kisunla, call 1-800-LillyRx (1-800-545-5979) or go to kisunla.lilly.com.
This summary provides basic information about Kisunla. It does not include all information known about this medicine. Read the information given to you about Kisunla. This information does not take the place of talking with your healthcare provider. Be sure to talk to your healthcare provider about Kisunla. Your healthcare provider is the best person to help you decide if Kisunla is right for you.
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Kisunla® is a registered trademark owned or licensed by Eli Lilly and Company, its subsidiaries, or affiliates.
Frequently Asked Questions
How accurate are blood tests for diagnosing Alzheimer's disease? What is P-tau217 and how is it used in Alzheimer's disease diagnosis? How effective is Kisunla in slowing Alzheimer's disease progression? What was presented at the Alzheimer's Association International Conference (AAIC) 2026? About Lilly
Lilly is a medicine company turning science into healing to make life better for people around the world. We've been pioneering life-changing discoveries for 150 years, and today our medicines help tens of millions of people across the globe. Harnessing the power of biotechnology, chemistry and genetic medicine, our scientists are urgently advancing new discoveries to solve some of the world's most significant health challenges: redefining diabetes care; treating obesity and curtailing its most devastating long-term effects; advancing the fight against Alzheimer's disease; providing solutions to some of the most debilitating immune system disorders; and transforming the most difficult-to-treat cancers into manageable diseases. With each step toward a healthier world, we're motivated by one thing: making life better for millions more people. That includes delivering innovative clinical trials that reflect the diversity of our world and working to ensure our medicines are accessible and affordable. To learn more, visit Lilly.com and Lilly.com/news, or follow us on Facebook, Instagram, and LinkedIn. P-LLY
Trademarks and Trade Names
All trademarks or trade names referred to in this press release are the property of the company, or, to the extent trademarks or trade names belonging to other companies are references in this press release, the property of their respective owners. Solely for convenience, the trademarks and trade names in this press release are referred to without the ® and ™ symbols, but such references should not be construed as any indicator that the company or, to the extent applicable, their respective owners will not assert, to the fullest extent under applicable law, the company's or their rights thereto. We do not intend the use or display of other companies' trademarks and trade names to imply a relationship with, or endorsement or sponsorship of us by, any other companies.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) about Kisunla (donanemab-azbt) as a treatment for people with early symptomatic Alzheimer's disease and as a potential treatment for patients with cognitively unimpaired Alzheimer's disease and other conditions and reflects Lilly's current beliefs and expectations. However, as with any pharmaceutical product, there are substantial risks and uncertainties in the process of drug research, development, and commercialization. Among other things, there is no guarantee that planned or ongoing studies will be completed as planned, that future study results will be consistent with study results to date, that Kisunla will receive additional regulatory approvals, or that Kisunla will be commercially successful. For further discussion of these and other risks and uncertainties, see Lilly's Form 10-K and Form 10-Q filings with the United States Securities and Exchange Commission. Except as required by law, Lilly undertakes no duty to update forward-looking statements to reflect events after the date of this release.
References
Alzheimer's Disease International. 2026 Dementia statistics. https://www.alzint.org/about/dementia-facts-figures/dementia-statistics/. Accessed 24 June 2026. Sperling RA, Donohue MC, Rissman RA, et al. Amyloid and Tau Prediction of Cognitive and Functional Decline in Unimpaired Older Individuals: Longitudinal Data from the A4 and LEARN Studies. J Prev Alzheimers Dis. 2024;11(4):802–813. Alzheimer's Association. Stages of Alzheimer's. www.alz.org/alzheimers-dementia/stages. Accessed 24 June 2026. Alzheimer's Association. 2025 Alzheimer's disease facts and figures. Alzheimers Dement. 2025;21(5):3708–3821. Refer to: Gina Goodenough; [email protected] (Media)
Michael Czapar; [email protected] (Investors)
SummaryNovo Nordisk regains competitive ground in obesity with the strong launch of the Wegovy pill, reversing some of the recent underperformance against Eli Lilly.NVO's Wegovy pill outpaces Eli Lilly's Foundayo in new-to-brand prescriptions, driven by superior weight loss efficacy and fewer drug interaction restrictions.Despite setbacks, NVO is advancing late-stage candidates like CagriSema, UBT251, and zenagamtide, aiming to rival Eli Lilly's next-generation assets by the early 2030s.I expect NVO and LLY to dominate obesity and diabetes markets until at least the mid-2030s, as upcoming competitors lack disruptive innovation.Looking for a portfolio of ideas like this one? Members of Growth Stock Forum get exclusive access to our subscriber-only portfolios. Learn More » aprott/iStock via Getty Images
My update on Novo Nordisk (NVO) was long overdue, as the last one I had written was in November 2025. The stock has delivered a total return of 12% since then, but it is
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of REGN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
This article reflects the author's opinion and should not be regarded as a buy or sell recommendation or investment advice in any way.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Medtronic is a dividend aristocrat with a near-decade high yield, making it an attractive long-term income opportunity. The company is experiencing strong revenue growth, driven by its leading positions in cardiovascular and neuroscience medical devices. While current free cash flow payout ratios are sustainable, investors should monitor future dividend growth rates closely.
Honeywell split into two companies, one dedicated to aerospace and another to automation, at the end of June. (Spencer Platt/Getty Images)
Honeywell Technologies made a big adjustment to its financial guidance. Investors shouldn’t overreact, but they should pay attention. There is one risk to consider.
ServiceNow (NOW 1.09%) stock dropped 36% in the first half of the year, according to data provided by S&P Global Market Intelligence. The market has been worried about the impact of agentic artificial intelligence (AI) on software-as-a-service (SaaS) stocks like ServiceNow, but ServiceNow is pushing back with its own AI platform.
Out with SaaS, in with AI? ServiceNow is a major player in organizational management, with more than 8,800 clients who rely on it to manage their workflows. Its platform is embedded into these clients' databases, unifying and automating various workplace processes.
When agentic AI first came out on a major scale a few months back, SaaS stocks plunged. The market has been worried about how SaaS companies will fare if clients can get the same value through AI agents that can be customized to do the same thing.
Image source: Getty Images.
ServiceNow has been ahead of the curve, and it launched its Control Tower product just over a year ago. The Control Tower acts, as the name implies, as a single point connecting all of the client's AI agents and platforms, as well as the rest of the organization. And it uses AI to analyze how it all works and provide insights. After all, even if AI agents can take care of the work of some employees, companies still need to set up, monitor, and manage them. And since it's also based in AI and machine learning, it's continually upgraded to improve along with advances in technology.
At least for now, the response has been positive, and ServiceNow hasn't seen a disruption in its business. It reported a 22% year-over-year increase in subscription revenue in the 2026 first quarter, and management is guiding for similar growth in the second quarter and for the full year.
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Is ServiceNow stock priced to buy? At the current price, ServiceNow stock trades at 64 times trailing 12 months. That's a hefty price tag, but it's actually a lot lower than it's been over the past few years. In fact, it's just off its lowest P/E ratio ever as it starts to climb back higher. Investors have been willing to pay a high premium for the stock, since it has a strong economic moat as the platform of choice for a large percentage of the country's top companies.
That kind of valuation can hardly be called a bargain, especially in the changing AI landscape, but it could still be a defensive play as more workflow goes toward AI, and investors could feel comfortable taking a small position right now.
July is shaping up to be the pivotal month for cloud computing investors in 2026. All three of the companies below report late-July results with their cloud franchises accelerating, not decelerating, into the print. Enterprise AI workloads are still running ahead of supply, hyperscaler backlogs are ballooning, and the market has already begun to sort winners from laggards on valuation. The setup argues for positioning before the reports, not after.
Here are three names worth a hard look ahead of the late-July calendar.
Amazon (AMZN) Amazon (NASDAQ:AMZN | AMZN Price Prediction) reports Q2 2026 results after the close on July 30. Shares are trading around $241.13, with the stock up 6.46% year to date and less than 10% higher over the past 12 months. That is meaningful underperformance relative to its cloud growth rate.
The bull case runs through AWS. In Q1, AWS delivered $37.59 billion in revenue, up 28% year over year, the fastest growth in 15 quarters, at a 37.7% operating margin. Amazon’s custom-silicon business is now running at a $20 billion revenue run rate with triple-digit growth, and Anthropic has committed to Trainium capacity up to 5 gigawatts. Overall Q1 EPS came in at $2.78 versus a $1.73 estimate, and management guided Q2 net sales to $194 billion to $199 billion. Analysts carry a consensus price target of $312.91, well above the current quote.
The risk to underwrite: 2026 capital spending. Amazon is pouring roughly $200 billion of capex into 2026, and trailing free cash flow has collapsed 95% to $1.2 billion. If AWS growth softens even a hair, the FCF math gets ugly quickly.
Alphabet (GOOGL) Alphabet (NASDAQ:GOOGL) reports after the close on July 27. This is the most compelling risk-reward of the three heading into July. Shares trade around $361.05, up nearly 15% year to date and more than 107% over the trailing year. Even after that run, the trailing P/E sits at 28 with a forward P/E near 26, still the cheapest multiple among the mega-cap AI infrastructure names.
The Q1 report set the bar. Google Cloud posted $20.03 billion in revenue, up 63% year over year, and CEO Sundar Pichai flagged that “Google Cloud revenues grew 63% with backlog nearly doubling quarter on quarter to over $460 billion”. EPS printed at $5.11 versus $2.63 expected, a 94% surprise. Waymo is now at 500,000-plus autonomous rides per week, and paid subscriptions have crossed 350 million. Wall Street’s consensus target sits at $432.29, with 14 strong buy and 43 buy ratings against zero sells.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Amazon didn't make the cut. Grab the names FREE today.
The caveat: CapEx. Alphabet is committing $175 billion to $185 billion of 2026 capex, and Q1 free cash flow already fell 46.6% year over year to $10.1 billion. If cloud growth ever slips below the mid-40s, the free cash flow narrative becomes the story.
ServiceNow (NOW) ServiceNow (NYSE:NOW) is the contrarian call in this group. The stock trades around $106.48, down nearly 28% year to date and almost 48% over the past year. Q1 2026 results are set for after the close on July 22, a date confirmed by the company.
The fundamentals do not match the tape. Q4 subscription revenue grew 21% to $3.47 billion, cRPO expanded 25% to $12.85 billion, and Now Assist net new ACV more than doubled year over year. Management is guiding full-year 2026 subscription revenue to $15.53 billion to $15.57 billion, a 32% non-GAAP operating margin, and a 36% free cash flow margin. The Q1 subscription guide of $3.65 billion to $3.655 billion implies 21.5% GAAP growth. CEO Bill McDermott put it plainly: “With our consistent Rule of 55+ profile, there is no AI company in the enterprise better positioned for sustainable profitable revenue growth than ServiceNow.”
Analysts carry a $141.12 price target, and the forward P/E has compressed to 25. The board authorized a $5 billion buyback in January.
The risk: Post-earnings volatility. Historically, ServiceNow’s average one-week change following a beat has been negative 5.87%, so the setup rewards conviction, not chasing. There is also a roughly 150 basis point Q1 headwind from a self-hosted to hosted revenue mix shift that could muddy the headline number.
What to Watch The three reports form a sequence: ServiceNow on July 22 sets the enterprise software tone, Alphabet on July 27 delivers the cloud growth read and Amazon on July 30 closes out the month with AWS and CapEx. Each name offers a different flavor of the same thesis: enterprise AI demand is running ahead of infrastructure supply, and hyperscaler backlogs still need to be spent to be recognized.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Amazon didn't make the cut. Grab the names FREE today.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of NOW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
The U.S. plans to spend $1 trillion for defense in 2026, and the 2027 funding request stands at about $1.5 trillion, which would mark the largest year-over-year increase ever if approved. Rising military spending comes amid rising geopolitical tensions, including the U.S.-Iran and Ukraine-Russia conflicts. The U.S. is also looking to modernize the military and bolster the defense industrial base and has allocated capital for space-based missile defense initiatives.
Defense contractors should benefit from growing order books and long-term contracts that provide insight into future earnings. Against this capital-intensive backdrop, defense stocks Lockheed Martin (LMT 1.21%) and RTX Corporation (RTX 0.17%) stand out as beneficiaries due to their strong positions in the industry. Here's what investors need to know.
Image source: Getty Images.
Lockheed Martin's growing platform makes it a defense spending winner Lockheed Martin is a behemoth in the defense industry, boasting a backlog exceeding $186 billion from long-term government contracts. The company has a broad portfolio of offerings, anchored by its flagship F-35 Lightning II jet fighter program, which provides a strong moat that translates into predictable, long-term revenue.
Its F-35 program is projected to cost $2.1 trillion during its 94-year lifecycle and generate roughly a third of Lockheed's revenue. The size and stability of this long-term program help buffer Lockheed's earnings against economic recessions and market volatility and lock in long-term revenue from both jet sales and aftermarket services, including maintenance, repairs, upgrades, and pilot training.
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In addition to the F-35, Lockheed holds a strong position in high-altitude missile defense, serving as the sole prime contractor for the Terminal High Altitude Area Defense (THAAD) weapon system. In late June, the U.S. government formally awarded it a contract for as much as $35 billion over seven years to quadruple the production of its THAAD interceptors.
In another major move, on July 6, Lockheed Martin signed an agreement to acquire Ultra Maritime Solutions for $3.45 billion, giving it a strong foothold in the rapidly growing undersea weapons market. Lockheed acquired the company from Advent International and now controls key undersea defense technologies, including sonobuoys for submarine detection, torpedo defense systems, and uncrewed underwater vehicles.
As military spending ramps up, Lockheed Martin is a top defense contractor that stands to benefit. Its position provides it with steady, predictable revenue that powers steady long-term growth. The company has raised its dividend for 23 consecutive years and yields about 2.6%, making Lockheed a top pick for investors looking to capitalize on growing global defense budgets.
RTX combines defense upside with commercial aerospace stability RTX Corporation boasts an even more impressive backlog of $271 billion, up 25% during the past year. RTX's business spans commercial aerospace and defense, operating three segments: Raytheon, Pratt & Whitney, and Collins Aerospace. As a result, RTX has a more diverse portfolio than pure-play military contractors, balancing defense awards with commercial contracts. Like Lockheed, RTX benefits from its huge backlog that ensures long-term revenue consistency years down the road.
Through Pratt & Whitney, RTX provides aircraft propulsion systems for both commercial aircraft and Lockheed Martin's F-35 Lightning II Joint Strike Fighter, generating high-margin recurring aftermarket revenue. Through Raytheon, the company manufactures the Patriot air defense system, advanced missiles, naval and land radars, and directed-energy weapons. The segment accounts for $109 billion of its enormous backlog.
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The company is seeing robust demand for its air defense systems, and on July 7, it announced it would partner with European manufacturers in Germany and the Netherlands to double the global production capacity for its Stinger surface-to-air missiles. In addition, in late June, it announced a $1.1 billion contract modification to replenish American stockpiles and arm allied nations with tactical missiles.
RTX's large backlog ensures rising earnings in the years ahead, and the company stands to benefit from growing military budgets and long-term demand for aftermarket services through its aerospace business, making it another top defense stock for investors to consider scooping up today.
Lockheed Martin (LMT) is trading 24% below its 52-week high despite robust demand signals and $186.4 billion in backlog. The proposed $1.5 trillion 2027 U.S. defense budget, with a 28% base increase, strongly favors LMT's core programs and munitions ramp. LMT's 7-year, inflation-indexed munitions contracts de-risk growth, while the company advances toward Dividend Aristocrat status with a 2.57% yield and 23 years of increases.
Reliance, Inc.’s (RS - Free Report) shares have rallied 23.2% in the past six months. The company has also outperformed the Zacks Mining - Miscellaneous industry’s 2.8% growth over the same time frame.
The rally was driven by strong first-quarter results, including record quarterly tons sold, with shipments outperforming industry trends and significant acquisitions.
Image Source: Zacks Investment Research
Let’s take a look at the factors that are driving RS stock.
RS Gains From Record Shipments and AcquisitionsReliance reported first-quarter 2026 tons sold of roughly 1.673 million, up 9.4% sequentially and 2.7% year over year, marking its 13th consecutive quarter of outperforming industry shipment trends.
The company continues to benefit from strong demand in non-residential construction, driven by public infrastructure, heavy civil construction, data centers, energy infrastructure and manufacturing projects.
Through its AMI Metals subsidiary, Reliance secured major Department of Homeland Security border wall contracts that are expected to support revenue growth. Demand also remained healthy across automotive toll processing, semiconductors, defense, shipbuilding, industrial machinery and nuclear-related markets, particularly those tied to small modular reactor programs.
Reliance continues to strengthen its growth profile through acquisitions that expand its geographic footprint, product offerings and value-added processing capabilities. Earlier acquisitions, such as Metals USA, Tubular Steel, Best Manufacturing, Ferguson, All Metals, Fry Steel Company and Merfish United, enhanced its service center network and higher-margin product mix.
Recent acquisitions, including Rotax, Admiral Metals, Nu-Tech Precision Metals, Southern Steel Supply, Cooksey Iron & Metal Co. and American Alloy, further increase its presence in attractive U.S. growth markets.
The company ended the quarter with $249.7 million in cash and cash equivalents, up from $216.6 million sequentially, supported by record shipment volumes and strong profitability.
Some better-ranked stocks in the Basic Materials space are CSW Industrials, Inc. (CSW - Free Report) , Idaho Strategic Resources, Inc. (IDR - Free Report) and Albemarle Corporation (ALB - Free Report) . CSW, IDR and ALB carry a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CSW’s current-year earnings stands at $12.52 per share, implying a 20.6% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 3.8%. Shares of the company have plunged around 15.1% in the past six months.
The Zacks Consensus Estimate for IDR’s current-year earnings is pegged at $1.52 per share, implying a 33.3% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 68.7%. Shares of IDR have plunged around 33.8% in the past six months.
The Zacks Consensus Estimate for ALB’s current-year earnings is pegged at $13.15 per share, indicating a 1,764.6% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 74.5%. Shares of IDR are down around 23.6% in the past six months.
SummaryStryker remains a high-quality MedTech compounder despite a rare Q1 miss driven by a temporary cyber disruption.Q1 weakness was not demand-driven; full-year guidance is unchanged and end-market demand remains healthy.Current valuation reflects temporary disruption, offering a more attractive entry into SYK, though the stock is not cheap.I rate SYK as 'Buy' due to its resilient business model, strong execution history, and improved entry point. JHVEPhoto/iStock Editorial via Getty Images
Stryker (SYK) is rarely cheap, and usually for good reason. This is one of the best execution stories in MedTech: strong products, consistent innovation, a leading orthopedic robotics platform, and a long track record of growth.
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of SYK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Coinbase has restored prediction markets trading on its platform after users were unable to place trades, the company said in a status message on Thursday.
, /PRNewswire/ -- National shareholder rights firm Hagens Berman is investigating claims alleged in a pending securities class action suit against Roblox Corporation (NYSE: RBLX) and its management following disclosures that the company's age verification rollout caused significant, undisclosed friction to its user growth and platform engagement.
SUBMIT YOUR RBLX LOSSES TO HBSS NOW
The firm's investigation focuses on the suit's claims that Defendants misled investors regarding the operational consequences of the safety-focused initiatives the company had purportedly implemented.
Allegations Concerning Age Verification and Growth:
The suit follows a sharp decline in Roblox's share price on May 1, 2026, after the company reported its Q1 2026 financial results. The core allegations, which have emerged in recently filed complaint against the company, contend that Roblox failed to disclose that its age-check rollout:
Reduced Platform Engagement: The age verification features hindered on-platform communication, leading to a decline in user interaction. Negatively Impacted Organic Growth: The friction caused by these features resulted in lower app store ratings and a corresponding reduction in organic user sign-ups. Misrepresented Growth Potential: Throughout the class period (October 30, 2025 – April 30, 2026), Roblox characterized the rollout as a "gold standard" implementation while allegedly knowing it would lead to a significant slowdown in user growth. Key Disclosures and Market Impact
April 30, 2026: Roblox revealed a steep deceleration in year-over-year and sequential DAU growth, slashed its 2026 revenue guidance and severely cut its 2026 bookings growth. The company blamed its dismal results on just 51% of Roblox global DAUs having age checked. The company further revealed that "as a result of age check […] we have seen a reduction in app store ratings, and we believe this may be contributing to a reduction in organic sign-ups that typically flow from app stores." Roblox also said its lowered prospects are the result of "continued friction" resulting from the age-check rollout. Market Correction: The news caused Roblox shares to fall $10.13, or approximately 18.33%, on May 1, 2026, erasing over $6.7 billion in market capitalization. Hagens Berman's Investigation
"We're focused on when Roblox and its management knew of the adverse consequences of the age-check rollout and whether they intentionally misled investors about it," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation.
Investor Rights and Lead Plaintiff Deadline
Hagens Berman is currently evaluating the claims alleged in the suit brought on behalf of a putative class of investors who purchased Roblox securities between October 30, 2025, and April 30, 2026. If you suffered financial losses on RBLX during the class period, you are encouraged to contact our office to learn more about your legal rights and the ongoing class action litigation. The court-imposed deadline to move for appointment as lead plaintiff is August 7, 2026.
Report your losses now Contact Our Attorneys: [email protected] Investor Hotline: 844-916-0895 Hagens Berman's Roblox Page: www.hbsslaw.com/cases/roblox If you'd like more information and answers to other frequently asked questions about the Roblox case and the firm's investigation, read more.
Whistleblowers: Persons with non-public information regarding Roblox should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
NEW YORK, July 09, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Roblox Corporation (“Roblox” or the “Company”) (NYSE: RBLX) investors of the August 7, 2026 deadline involving a securities fraud class action lawsuit commenced against the Company.
Should You Join The Roblox Corporation Class Action Lawsuit:
Do you, or did you, own shares of Roblox Corporation (NYSE: RBLX)?
Did you purchase your shares between October 30, 2025 and April 30, 2026, inclusive?
Did you lose money in your investment in Roblox Corporation?
What To Do Next:
Investors are encouraged to act promptly and submit a form at Roblox Corporation Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].
If you wish to serve as lead plaintiff for the Class, you must file papers by August 7, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About The Lawsuit:
A lawsuit was filed on behalf of investors (the “Class”) who purchased or acquired the common stock of Roblox between October 30, 2025 and April 30, 2026, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its senior officers.
The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, Roblox common stock traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.
About Bernstein Liebhard:
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.
Netflix (NASDAQ: NFLX | NFLX Price Prediction) and Spotify (NYSE: SPOT) both closed the books on Q1 2026, and the reports tell two very different stories about scaled subscription media.
Netflix beat on revenue but missed on earnings while collecting a fat breakup fee. Spotify crushed EPS yet spooked investors with soft forward guidance. Same industry, opposite reactions.
Ad Tiers Carry Netflix. Premium Carries Spotify. Netflix pulled in $12.25 billion in revenue, up 16.19% year over year, with EPS of $1.23 versus the $1.345 estimate. The miss looks worse than it is. A $2.8 billion Warner Bros. termination fee distorted the bottom line, and management raised free cash flow guidance to roughly $12.5 billion.
The real engine is advertising. The ad-supported tier drove over 60% of Q1 sign-ups in ads-enabled countries, and the advertiser roster grew 70% year over year to more than 4,000 clients, on pace for $3 billion in ad revenue this year.
Spotify came in almost the opposite way. Revenue of $4.53 billion nudged past estimates, but EPS of $3.45 versus $2.95 was the headline. MAUs hit 761 million (+12%) and Premium subscribers reached 293 million (+9%).
Premium is the profit engine: gross margin expanded to 35% from 34%, helped by a €0.42 ARPU lift from price hikes. The blemish: Ad-Supported revenue fell 5% and its gross margin slipped to 13%.
One Widens the Bet. The Other Cleans House. Netflix is stretching into everything. It acquired InterPositive, Ben Affleck’s GenAI filmmaking tools company, launched the Netflix Playground kids gaming app, and is leaning into live sports (a Tyson Fury vs. Anthony Joshua fight) and video podcasts. Japan is a bright spot after the World Baseball Classic became the most-watched Netflix program ever in the country.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Netflix didn't make the cut. Grab the names FREE today.
Lens Netflix Spotify Core Bet Ad-supported streaming plus live events Premium audio at higher ARPU Operating Margin 31.5% target for 2026 ~16% Q1 Key Vulnerability Content amortization, ad concentration €410M MLC audiobook royalty lawsuit Spotify took the discipline route, settling its $1.5 billion Exchangeable Notes in March and shipping AI features like Prompted Playlist, Taste Profile, and SongDNA, still mostly in beta.
The Next Test Is Whether the Stock Follows the Business Netflix shares tell a strange story. NFLX is down 18.75% year to date and 40.93% over one year, closing at $76.18, despite raised guidance. Reddit sentiment turned sharply bearish this week, driven by a wallstreetbets thread about Netflix’s top shows losing 30-70% of their audience between seasons. Composite sentiment sits at 41.68, down 30.79 over 30 days.
Spotify, meanwhile, trades at $493.95, up 5.09% since its April earnings window, with a composite sentiment of 73.65 (bullish). I will be watching whether Netflix’s ad revenue actually hits $3 billion and whether Spotify can reverse the ad-tier slide before the MLC verdict lands.
Why I Lean Spotify, Cautiously For me, Spotify looks like the cleaner story right now. Premium ARPU is rising, debt is off the books, and the buyback continues with $1.024 billion remaining. It is not cheap at roughly 46x earnings, and the ad segment is a real problem.
Netflix is arguably the better business. Higher margins, stronger cash flow, and a genuine ad ramp. Yet retention concerns and a sliding share price make me hesitate. On a defensive-scale lens, Netflix at these levels screens as interesting. On a momentum-with-clean-balance-sheet lens, Spotify screens better. The audience retention question remains the key overhang for Netflix from here.
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Michael Saylor just made his biggest-ever Bitcoin sale, with Strategy (NASDAQ:MSTR | MSTR Price Prediction) selling 3,588 BTC worth $216 million. Saylor has long been one of Bitcoin’s (CRYPTO:BTC) loudest maximalists, and he always said to never sell Bitcoin. But things have changed. With Bitcoin down about 50% from its $126,000 peak, Saylor has now broken his own rule twice in three months.
Back in May, Strategy made its first sale since 2022, offloading 32 BTC for around $2.5 million. Last week’s sale is the largest in the company’s history at $216 million, and Strategy has cleared itself to sell up to $1.25 billion more if it needs to.
Strangely, Bitcoin barely moved after this sale and has actually risen since. Yet back in May, the smaller sale sent the Bitcoin price tumbling. So two questions matter now. Will Strategy keep selling, or is it only rebalancing to pay its bills? And could a consistent Strategy sale drag Bitcoin down to $50,000?
Why Saylor’s Strategy Sold Bitcoin
Saylor started buying Bitcoin back in 2020, when his company was still called MicroStrategy, before it was renamed to Strategy. He then turned the company into the biggest corporate Bitcoin holder in the world by borrowing heavily to keep buying.
Most of the money came from selling preferred stock (a type of stock that works like a loan) because it pays the buyer a fixed regular dividend in return for their cash. These are separate from Strategy’s normal shares, which trade under the ticker MSTR. The preferred stocks trade under their own names, like STRC, STRF, and STRK, and selling them lets Strategy raise billions without touching its Bitcoin.
However, the borrowing created a big problem for the company. Those dividends add up, and Strategy now owes somewhere between $750 and $800 million a year on them, due in cash no matter what Bitcoin is doing.
For a while, one of those preferred stocks, STRC, quietly covered the bills. STRC is designed to trade around a fixed price of $100 and pay a monthly dividend, and Strategy could keep selling more of it to raise fresh cash whenever a payment came due. STRC has now slipped below that $100 mark, and since mid-May, the company hasn’t been able to use it to raise new money. That left Strategy with dividend bills coming due and its main way of paying them broken.
So the cash to pay those dividends had to come from somewhere else, and for the first time, that meant selling Bitcoin to cover a bill. Apart from one small tax-related sale in 2022, Strategy had held on to everything it ever bought. But that changed in late May, when it sold 32 coins for about $2.5 million to make a dividend payment—its first sale in years and the first ever driven by its bills rather than accounting. Last week’s sale is the same move on a far bigger scale, 3,588 coins for $216 million, sold at a loss to raise the cash.
Why Saylor’s $216 Million Sale Didn’t Crash the Bitcoin Price
Saylor said he sold $216 million in Bitcoin to cover Strategy’s bills, not that he lost faith in Bitcoin, and that’s the right way to see it. He sold because he had no other way to make the dividend payments. The borrowing that let him build that huge Bitcoin position is the same thing that forced him to sell part of it back.
And on its own, that sale is far too small to drag the Bitcoin price down. Bitcoin trades around $25 billion worth of coins every day, so Strategy’s $216 million is under one percent of that, absorbed in minutes without the market even noticing. In fact, the Bitcoin price rose in the days after the sale rather than falling.
That doesn’t mean a Saylor sale can never move the market, because one already did. Back in May, Strategy sold just 32 Bitcoin, worth about $2.5 million, an amount so small it should have meant nothing at all. Yet the market still shook because traders weren’t looking at just the 32 coins—they were looking at the first crack in Saylor’s “never sell” promise, and it scared them.
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On the other hand, it’s also why this far bigger sale barely registered. By now, the shock of Saylor’s selling has worn off. The market already knows he’ll sell to pay his bills, so a $216 million sale is nothing new or unexpected.
What Would Push Bitcoin to $50,000
Bitcoin is having a rough year, and trades near $62,900, down about 50% from its all-time high of $126,000 last October. The market’s mood is grim, with the Fear and Greed Index stuck deep in extreme fear. The Bitcoin price could still drop to $50,000, but Saylor’s sale won’t be the reason. A move that big would come from the same forces that have dragged the whole market down all year.
Back in late June, BTC fell to around $58,000—its lowest point in nearly two years—before recovering to where it trades now. That $58,000 area is remains a key level to watch. If Bitcoin closes below it again, the next support is near $54,900, and then $50,000 after that.
We already saw what drives that sort of drop earlier this year. The war between the US and Iran shut down the Strait of Hormuz, one of the world’s key oil routes, and crude prices shot above $120 a barrel. That pushed inflation up to 4.1%, which is its highest in three years, and forced the Federal Reserve to keep interest rates high instead of cutting them.
High rates are the part that hurts Bitcoin. When the Fed holds rates up, safer investments like government bonds pay solid interest, so investors move their money out of risky assets that pay nothing, like Bitcoin, and into bonds that do. That’s a big part of why Bitcoin fell from the $70,000s down to around $58,000 by late June.
Now the same setup is building again. The US-Iran ceasefire collapsed this week as both sides traded fresh airstrikes, and oil prices jumped once more. If that keeps inflation hot and pushes the Fed to hold or raise rates at its late-July meeting, the pressure that took Bitcoin to $58,000 could easily return and drag it lower. On top of that, investors pulled $4.5 billion out of Bitcoin funds in June, the worst month since those funds launched—and none of that has anything to do with Saylor’s BTC sale.
What a Drop to $50,000 Would Mean for Bitcoin A fall to $50,000 would put the most pressure on Strategy. The lower Bitcoin goes, the harder it becomes for the company to raise money, and the more tempting it gets to sell more Bitcoin to cover its dividend bills. That’s the loop investors worry about, as lower BTC prices force more selling, which pushes prices lower still.
But even at a $50,000 Bitcoin price, Strategy would still own every one of its 843,775 coins, and nothing automatically forces it to sell. There’s no hidden trigger that sets off a fire sale once Bitcoin hits a certain price.
Moreover, the company is also holding $2.55 billion in cash, enough to cover its dividend payments for more than two years. That buys plenty of time for Bitcoin to recover before anything turns desperate. Even if Bitcoin fell to $50,000 tomorrow, Strategy would wake up owning the same pile of Bitcoin it holds today. The bigger test is the company’s $1 billion debt payment due in 2027, and that’s a problem for another day.
As for Bitcoin itself, a drop to $50,000 would hurt, but it wouldn’t be the end of anything. It’s a level long-term buyers have stepped in at before, a price where patient money tends to come back. Bitcoin could reach $50,000, but Saylor’s $216 million sale won’t be what sends it there. That sale wasn’t a sign that Bitcoin is finished, but a sign that Saylor ran out of cash to pay his bills, and those are two very different things.
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, /PRNewswire/ -- Bloomberg announced today it has facilitated its first electronic Indian Government Bonds (IGBs) trade, marking a key step in the internationalization of India's rapidly opening Government Bond markets.
This new electronic trading workflow for IGBs facilitates Foreign Portfolio Investors (FPIs) to efficiently access liquidity provided by international and domestic banks through the Bloomberg Terminal.
The offering, which is part of Bloomberg Electronic Markets, enables FPIs to place, monitor, execute, and allocate IGB trades within a fully electronic trading workflow. The workflow connects directly with Negotiated Dealing System-Order Matching (NDS-OM), managed and operated by Clearcorp Dealing Systems (India) Limited (Clearcorp), improving operational efficiency, reducing manual processes, and minimizing operational risk and errors.
"We are excited to have successfully implemented the first fully electronic IGBs trade on Bloomberg," said Vernon Loh, Fixed Income Trader at State Street Investment Management. "This milestone underscores our commitment to driving innovation, enhancing efficiency, and improving liquidity in fixed income markets."
"We are pleased to connect Bloomberg's global liquidity community with NDS-OM and provide clients with a more efficient way to access liquidity in the Indian Government Bond markets," said Varun Chojhar, Head of Bloomberg, South Asia.
This offering adds to Bloomberg's solutions for the region, and follows Bloomberg Indices' inclusion of India Fully Accessible Route (FAR) Bonds in the Bloomberg Emerging Market (EM) Local Currency Government Index in 2025.
Bloomberg's Electronic Markets solutions are used by leading financial institutions to trade efficiently in over 175 markets around the world. More than 9,000 client firms use Bloomberg Electronic Markets to access industry-leading depth and breadth of liquidity across asset classes from over 1,500 dealers globally. Bloomberg Electronic Markets provides market participants with comprehensive solutions across the trading lifecycle, including robust price transparency, analytics, automation and execution, powered by Bloomberg's high-quality, multi-asset class data and tools.
About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.
For more information, visit Bloomberg.com/company or request a demo.
About State Street Investment Management
At State Street Investment Management, we have been helping create better outcomes for institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With over $5 trillion in assets managed*, clients in 60 countries, and a global network of strategic partners, we use our scale to deliver a comprehensive and cost-effective suite of investment solutions that help investors get wherever they want to go. State Street Investment Management is the asset management arm of State Street Corporation (NYSE: STT).
*This figure is presented as of March 31, 2026 and includes ETF AUM of $1,940.32 billion USD of which approximately $184.18 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Please note all AUM is unaudited.
Expands MARA's digital infrastructure platform with access to approximately 2 GW of power capacity
HIF to retain minority ownership in the project
Thousands of jobs expected for Texas
MIAMI, FL and HOUSTON, TX, July 09, 2026 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (“MARA”), a leading energy and digital infrastructure company, and HIF USA LLC (“HIF”), a leading energy and sustainable fuels company, today announced that they have entered into a definitive agreement under which MARA will acquire from HIF a large-scale powered land site in Matagorda County, Texas, approximately 90 miles southwest of Houston. HIF will continue its advanced fuels development plans on other sites.
The site encompasses more than 1,200 acres and is expected to provide access to up to an initial 1 GW of grid capacity by October 2027 and up to 2 GW by April 2028. The site is well positioned to support next-generation, efficient digital infrastructure development, and has already received interest from potential High-Performance Computing (“HPC”) tenants. MARA intends to develop the site through its previously announced partnership with Starwood Digital Ventures as a large-scale digital infrastructure campus capable of supporting high-performance computing workloads, as well as flexible compute operations, including Bitcoin mining. Upon execution of a lease with an HPC tenant, HIF will retain a minority ownership interest in the project.
The transaction enables HIF to unlock value from infrastructure assets while maintaining participation in the site’s future development and supporting its broader advanced fuels strategy.
Upon full energization, the site is expected to more than double MARA's potential power capacity to approximately 4.8 GW across its portfolio (including the anticipated close of MARA’s previously announced agreement to acquire Long Ridge Energy & Power), further strengthening MARA's position as a developer and operator of large-scale digital infrastructure.
“This transaction advances our strategy of securing strategically located infrastructure assets capable of supporting high-performance compute and bitcoin workloads,” said Fred Thiel, MARA's chairman and CEO. “As demand for digital infrastructure continues to grow, we believe sites with access to reliable, scalable power will become increasingly valuable. This acquisition meaningfully expands our long-term development pipeline and strengthens our ability to support high-performance compute and maximize the value of that power over time. We look forward to working with our partners at the site to deliver on the project buildout and drive long-term value for all our stakeholders.”
Renato Pereira, CEO of HIF USA, said, “We are pleased to welcome MARA to our long-term partnership with Matagorda County, accelerating our commitment to economic investment and jobs for Texans. The development of this digital infrastructure serves as a powerful economic anchor to strengthen Matagorda County and create local career opportunities for a prosperous future. We have given Notice to Proceed for construction on the switchyard to connect the site to the grid. We continue work on our advanced fuels facilities on other sites we control in Texas and worldwide to provide new sources of secure energy supply to meet rapidly growing global demand.”
Site Development Details
Phased construction of the digital infrastructure campus is expected to begin in 2026, contingent upon regulatory approvals.
By combining MARA's expertise in securing and managing large-scale power loads, Starwood Digital Ventures' world-class experience developing and operating data centers, and HIF's history in Matagorda, MARA believes the site is well positioned to support future digital infrastructure opportunities and create long-term value for customers, local communities, and shareholders.
MARA has a proven track record of investing in the communities where it operates while supporting grid reliability and local economic growth. To date, MARA has invested more than $1.2 billion in Texas. MARA intends to continue investing significantly to develop a premier digital infrastructure campus that is expected to support thousands of construction and permanent full-time jobs upon completion.
About MARA
MARA (NASDAQ: MARA) deploys digital energy technologies to advance the world’s energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing applications, from AI to the edge.
About HIF Global
HIF Global is a world leading e-Fuels company developing large scale infrastructure projects to recycle captured CO₂ and produce synthetic fuels for existing engines. The name HIF reflects the company’s mission: to produce Highly Innovative Fuels that contribute to global energy security. HIF already produces e-Fuels at its HIF Haru Oni facility in southern Chile and is developing large scale projects in the United States, Uruguay, Brazil, Australia, and Chile. For more information, visit www.hifglobal.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words “may,” “will,” “could,” “anticipate,” “expect,” “intend,” “believe,” “continue,” “target” and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to the occurrence of any event, change or other circumstance that could give rise to the exercise of any return or forfeiture right under, the purchase agreement entered into in connection with MARA’s acquisition of the site; MARA’s planned development of the site as a digital infrastructure campus; the expected power capacity (including as a result of the agreement to acquire Long Ridge Energy & Power), scalability and performance of the site; the anticipated ability to commercialize the site’s power capacity for high-performance compute and bitcoin workloads; the number of construction and other jobs anticipated to be created; and the anticipated benefits of the transaction to MARA. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause MARA’s actual results to differ materially from those expressed or implied in these forward-looking statements. Subsequent events and developments, including actual results or changes in MARA’s assumptions, may cause MARA’s views to change. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including uncertainties related to market conditions, the risk that the transaction disrupts MARA’s current plans and operations or diverts management’s attention from its ongoing business, the effect of the announcement of the transaction on the ability of MARA to retain and hire key personnel and maintain relationships with others with whom it does business, the effect of the announcement of the transaction on MARA’s operating results and business generally and the other factors discussed in the “Risk Factors” section of MARA’s most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) and the risks described in other filings that MARA may make from time to time with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and MARA specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by applicable law.
MARA Company Contact:
Telephone: 800-804-1690
Email: [email protected]
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
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Cloudflare’s NYSE: NET ScotiaBank upgrade highlights an existential shift in its business. Once a mere content delivery service, Cloudflare has emerged as critical not only to cybersecurity but to AI at all levels of the stack, from infrastructure to applications.
Cloudflare Today
$276.69 +3.29 (+1.20%)
As of 09:44 AM Eastern
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52-Week Range$158.83▼
$276.82Price Target$244.23
Cloudflare’s distributed network and “serverless” functionality enable low-latency, high-speed, real-time, accurate, secure connections and, most importantly, the development of edge applications.
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Edge applications are the endgame for AI, as they represent the long-awaited monetization of infrastructure and model investments and will drive revenue, cash flow, and earnings for this business long into the future. The moment of truth is when AI can function reliably at the edge in real-time.
That’s when autonomous vehicles, robotics, and physical AI will reach critical mass.
Cloudflare: Mission-Critical for Next-Gen Application DevelopmentScotiaBank analyst Patrick Colville highlighted Cloudflare’s Workers program as an underappreciated pillar of long-term growth. It is becoming the industry standard for "vibe coding," the creation of applications without physical coding—developers dictate what they want, and the AI does the work. Cloudflare makes it happen thanks to the speed enabled by its distributed network.
Current Price$273.37High Forecast$305.00Average Forecast$244.23Low Forecast$136.00Cloudflare Stock Forecast Details
Cloudflare’s ScotiaBank upgrade was to Sector Outperform, with a $300 price target, well above current highs and in line with prevailing trends. Analyst trends have included increasing coverage, firming sentiment, and rising price targets, with sentiment pegged at Moderate Buy, a 65% Buy-side bias among the 34 analysts tracking the stock, and a forecast for fresh all-time highs at the high-end range.
The only bad news is that the consensus lags the market, providing potential for a price correction, but it is rising quickly due to the latest revisions. The Q1 2026 earnings report triggered a sustained series of analyst revisions, including numerous upgrades and price target increases pointing to the high-$200 to low-$300 range.
Cloudflare to Outperform in Back Half of 2026Among the highlights from the Q1 release was tepid guidance. The company’s forecasts were largely in line with consensus estimates, providing little impetus for buyers. However, the guidance forecasts 30% revenue growth and comparable earnings growth and is likely to be outperformed given the trends.
The company identified agentic automation as a business driver, resulting in an exponential increase in traffic requests. The likely outcome is that agentic demand will continue to swell and underpin results going forward, as ScotiaBank’s channel checks suggest. The checks reveal mounting strength, leading ScotiaBank to forecast 500 basis points of back-half outperformance relative to the early July forecasts.
Among the opportunities is Cloudflare’s potential to serve as the toll road for agentic traffic. New tools enable publishers to track and monetize bot traffic that crawls their original content. Bot traffic is categorized and allowed to proceed, asked to pay, or blocked entirely, depending on the site and setup. The tools are expected to drive cash flow for Cloudflare and its clients, increasing its utility and value-building capacity while helping define the future of Internet protocol.
Zero-Trust Expansion Cements Cloudflare as Enterprise Security ProviderCloudflare made a significant pivot, shifting away from legacy VPN-style security toward zero trust. Zero trust is absolutely critical in the AI space because of the lightning-fast speed at which AI works. Traditional architecture is inadequate and can not keep up.
Cloudflare One solves the problems that have kept many enterprises from adopting zero-trust security, enabling them to easily deploy it across networks for endpoint, data, and system security. In addition, Cloudflare took the lead in post-quantum security, developing the first complete secure access service edge (SASE)- compliant platform that provides quantum-proof encryption.
Institutional Buying Returns as Investors Weigh the RisksInstitutional activity reflects a shift. The group sold in late 2025 and early 2026, which led to market volatility and a price pullback, but then reverted to accumulation in Q2. The data reveals a subdued but bullish pace, with them buying approximately $3 in shares for each $1 sold, sufficient to allow price action to advance.
Assuming the group retains a bullish posture, Cloudflare’s price action will continue to drift higher as the year progresses. Critical targets include the current all time high, which is a trigger point when crossed. A likely catalyst is the upcoming Q2 earnings release, scheduled for early August.
Cloudflare’s biggest risk lies in its scale. As one of the world’s largest Internet traffic routing services, an outage or hiccup in services can have a wide-ranging impact on commerce. Likewise, it is itself a target, given its critical role in Internet traffic and cybersecurity, and it spends hundreds of millions each year on research and upgrades to stay relevant.
Should You Invest $1,000 in Cloudflare Right Now?Before you consider Cloudflare, you'll want to hear this.
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