Track market-moving stories before they get noisy

SummaryCompaniesCorgi has launched 88 ETFs since December, including a record 34 in a single dayA single photonics ETF accounts for nearly half of Corgi's $562 million assetsAnalysts said Corgi faces a battle for market share despite lower fees and backing from Y CombinatorPROVIDENCE, RHODE ISLAND, June 22 (Reuters) - It took more than a decade for BlackRock, the world's largest issuer of exchange-traded funds, to launch its first 300 products.

Corgi Investments, the venture-capital-based ​asset manager, plans to repeat that feat in less than a year, the company tells Reuters.

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Corgi's explosion onto the scene and its ambitious goal reflect the U.S. exchange-traded fund market itself, ‌which has never been bigger or more crowded. In the first five months of 2026 alone, ETFs pulled in a record $837 billion in assets, according to ETFGI, an industry group, putting it on track to top $2 trillion in inflows this year. The number of funds is also exploding, with 148 launched in May alone.

Nearly a third of them came from Corgi.

"We're not super worried that this is a market with no room for new players," said Emily Yuan, co-founder of Corgi and chief operating officer of its ​parent company, the two-year-old AI-powered insurance company Corgi Insurance, which a financing round last month valued at $2.6 billion.

"Our thesis is that if you make good products that provide value, the money will come."

The money ​certainly has flowed into at least one of the 88 (and still counting) ETFs that Corgi has rolled out since it introduced its first product last December. The ⁠Corgi Lithography & Semiconductor Photonics ETF (EUV.Z), opens new tab, one of 34 funds it launched May 6 - at the time the largest ever one-day group launch - already has pulled in $273 million in assets, according to VettaFi. Corgi went on to launch ​35 more funds on June 2.

But the photonics fund is an anomaly. Corgi's runner-up, a leveraged ETF designed to deliver double the return of an index composed of founder-led companies launched in January, has attracted $20 million, while others ​hover around $3 million to $6 million, a more typical range for just-launched ETFs. The photonics ETF accounts for more than half of Corgi's $562 million in assets, VettaFi data shows.

Some market analysts say that Corgi may face an uphill battle in winning market share in a hyper-competitive market with few barriers to entry but a growing array of obstacles to success, in spite of high-profile backers like Silicon Valley startup accelerator Y Combinator. It provided startup financing to companies like Airbnb (ABNB.O), opens new tab, payment processor Stripe, and DoorDash (DASH.O), opens new tab and ​has anchored Corgi's financing rounds.

"Corgi is an unknown brand to financial advisors, who steer a lot of assets into ETFs, and trust doesn't happen overnight," said Nate Geraci, president of NovaDius Wealth Management and a veteran ETF ​analyst. Nor, Geraci added, does their current lineup of thematic, leveraged and buffer ETFs break new ground.

"Clearly, their goal is to flood the zone with lower-cost options and hope that competitive fee structure is compelling enough to allow a strategic ‌number to stick ⁠around," Geraci said.

For instance, the Corgi Magnificent 7 ETF (CMAG.Z), opens new tab, which offers exposure to mega-cap technology companies like Nvidia (NVDA.O), opens new tab and Tesla (TSLA.O), opens new tab, has a 0.2% fee, undercutting the 0.3% levied by Roundhill Investments' Roundhill Magnificent 7 (MAGS.Z), opens new tab.

"What we’re able to do is be a disruptor in this world, by building low-cost ETFs in house and finding a way to be profitable at a lower level of assets than a firm that has to pay a white-label provider to develop their products," said Edward Rumell, an ETF industry veteran who joined Corgi as its head of distribution at the beginning of this year.

When discussing the job with Corgi's founders, Rumell had already been startled by the pace at ​which Corgi was filing for the go-ahead to roll ​out new products and confesses he was unfamiliar ⁠with the "Y Combinator/Silicon Valley vibe" at Corgi. The firm boasts a 24-hour cafe on its premises - open to the public - and its assets include an actual Corgi dog, Trudy, for whose care employees are responsible.

"I'm the oldest member of the team, by at least 10 if not 20 years," acknowledges the 50-year-old Rumell.

But his nine-person team ​brings a new set of skills to developing, launching and marketing ETFs, Rumell adds, one that he said is increasingly important in the evolving investment environment.

"They're ​social media-savvy; they grew up trading ⁠on Robinhood (HOOD.O), opens new tab and understand how younger retail investors think about the market and using platforms like X and Reddit to reach them."

Whether or not that kind of young social-media-focused team gives Corgi an edge will be pivotal, said Todd Sohn, ETF analyst at Strategas.

"New players in the ETF ecosphere are coming either from the asset management industry, like MFS Investment Management, or are companies created by ETF industry veterans that focus on a particular niche," Sohn said. Corgi, he ⁠added, strikes him ​as "an anomaly."

"They are going to face a battle to position themselves and demonstrate that they have the connections they'll need to grow ​assets" or they will have to face closing down a large percentage of the dramatic number of new ETFs rather rapidly, Sohn said.

"They'll need to outhustle their rivals for this to work."

Yuan and Rumell said they plan to do just that.

"What we are doing is what ​we think is good for the market - to move fast, to disrupt business as usual," said Yuan. "So we might just as well do it."

Reporting by Suzanne McGee in Providence, Rhode Island; Editing by Colin Barr and Christopher Cushing

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Upstart Holdings, Inc. (UPST - Free Report) closed the most recent trading day at $31.32, moving -3.42% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.37%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 1.33%.

The company's stock has climbed by 13.55% in the past month, exceeding the Finance sector's gain of 4.79% and the S&P 500's gain of 2.02%.

The investment community will be paying close attention to the earnings performance of Upstart Holdings, Inc. in its upcoming release. On that day, Upstart Holdings, Inc. is projected to report earnings of $0.55 per share, which would represent year-over-year growth of 52.78%. At the same time, our most recent consensus estimate is projecting a revenue of $354.89 million, reflecting a 37.93% rise from the equivalent quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.27 per share and a revenue of $1.43 billion, signifying shifts of +30.46% and +36.53%, respectively, from the last year.

Investors should also note any recent changes to analyst estimates for Upstart Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Upstart Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note Upstart Holdings, Inc.'s current valuation metrics, including its Forward P/E ratio of 14.31. This denotes a premium relative to the industry average Forward P/E of 10.89.

One should further note that UPST currently holds a PEG ratio of 0.35. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Financial - Miscellaneous Services industry had an average PEG ratio of 1.07.

The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 103, placing it within the top 43% of over 250 industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

On June 18, 2026, Corning Inc GLW shares rose 11.1% to a current price of $194.92, reflecting a significant upward trend in its stock performance. Over the past year, GLW has achieved an impressive 290.3% increase, with its price fluctuating between a 52-week low of $49.97 and a high of $211.79.

GF Value™ verdict: The current price of $194.92 is 222.4% above the GF Value™ estimate of $60.46, indicating that the stock is significantly overvalued.GF Score™: With a score of 69/100, GLW is rated as above average, suggesting a decent overall performance but with areas that need improvement.Most notable signal: Insider activity shows that insiders sold $54.1 million in shares over the last 3 months, with no buying activity reported. Is GLW Overvalued or Undervalued? Corning Inc's current price of $194.92 is substantially higher than the GF Value™ estimate of $60.46, which indicates that GLW shares are trading at a significant premium. The 222.4% overvaluation implies a substantial margin of safety for potential investors, as the market price far exceeds the intrinsic value determined by the GF Value™ methodology. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given this context, GLW is categorized under the GF Valuation label of "Significantly Overvalued."

The risk associated with investing in GLW at this price level is considerable. As the stock is trading at such a high multiple compared to its intrinsic value, any negative news or market corrections could lead to significant losses for current shareholders. Conversely, if GLW continues to demonstrate robust financial growth and profitability, there could be potential for price appreciation, but this would require sustained performance against high expectations.

How Does GLW's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 93.3x 45.4x Forward P/E 61.1x N/A The current P/E ratio of 93.3x is significantly above the 5-year median P/E of 45.4x, indicating that GLW is trading at a much higher valuation than it has historically. This analysis confirms the GF Value™ verdict of overvaluation, as the stock is trading well above its historical valuation metrics.

What Does GLW's GF Score™ Tell Us? Metric Rating GF Score™ 69/100 Financial Strength 6/10 Profitability 7/10 Growth 8/10 Valuation 1/10 Momentum 3/10 The GF Score™ of 69/100 indicates that Corning Inc has an above-average potential for long-term returns. The strength of the company lies in its profitability (7/10) and growth (8/10) rankings, which reflect solid operational performance and the ability to expand. However, the valuation rank of 1/10 highlights a significant concern, suggesting that the stock is not priced favorably relative to its intrinsic value. The momentum rank of 3/10 further indicates that while the stock has shown recent positive performance, the longer-term trend may not be as robust as desired.

What Are Insiders Doing with GLW Stock? Insider activity at Corning Inc has been marked by significant selling, with insiders offloading $54.1 million in shares over the last three months and no buying activity reported. This pattern of selling could be interpreted as a negative signal, indicating that those closest to the company may have concerns about its future performance or a belief that the stock is overvalued at current levels. A lack of insider buying further reinforces the notion that insiders may not see favorable prospects for the stock at its current price.

What This Means for Investors Based on the analysis of GF Value™, Corning Inc GLW is currently overvalued. The significant difference between the current price and the GF Value™ suggests that investors might want to exercise caution before entering a position at this price point.

For the complete analysis, visit the Corning Inc GLW stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is GLW's GF Score™?

GLW has a GF Score™ of 69/100, which indicates an above-average potential for long-term returns based on key financial metrics.

Is GLW overvalued or undervalued?

GLW is considered overvalued, with a current price that is significantly higher than the GF Value™ estimate.

What is GLW's P/E ratio?

GLW's P/E TTM is 93.3x, which is considerably above its 5-year median P/E of 45.4x, indicating a high valuation relative to its historical performance.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

On June 22, 2026, Corning Inc GLW shares rose by 7.7%, reaching a current price of $209.83. The stock has experienced significant price performance, with a 52-week range extending from a low of $49.97 to a high of $212.39.

GF Value™ verdict: Current price is $209.83 vs GF Value™ of $60.59, indicating the stock is 246.3% overvalued.GF Score™: 68/100, which is classified as Above Average.Most notable signal: Insiders sold $54.1M worth of shares in the last 3 months, with no buying activity reported. Is GLW Overvalued or Undervalued? With the current price of Corning Inc GLW at $209.83, it significantly exceeds the GF Value™ estimate of $60.59, marking it as 246.3% overvalued. This discrepancy highlights a substantial margin of safety for potential investors, suggesting that the stock price is not supported by its intrinsic value. The GF Valuation label indicates that GLW is significantly overvalued, which could pose a risk for existing shareholders if the market corrects this valuation discrepancy.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the stark contrast between the market price and the GF Value™, it is essential for investors to remain cautious, as overvaluation could lead to price adjustments in the future.

How Does GLW's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 100.4x 45.4x Forward P/E 65.9x - The current P/E (TTM) of 100.4x is considerably higher than its 5-year median P/E of 45.4x, indicating that GLW is trading well above its historical valuation levels. This P/E analysis aligns with the GF Value™ verdict, reinforcing the conclusion that GLW is overvalued relative to its historical performance.

What Does GLW's GF Score™ Tell Us? Metric Rating GF Score™ 68 Financial Strength 6/10 Profitability 7/10 Growth 8/10 Valuation 1/10 Momentum 3/10 Corning Inc's GF Score™ of 68/100 suggests that the company is performing above average compared to its peers. The strongest area is its Growth Rank of 8/10, indicating strong growth potential. Conversely, the Valuation Rank of 1/10 highlights significant concerns regarding its current price compared to intrinsic value. Financial Strength and Profitability are also relatively solid, but the overall picture indicates caution regarding the stock's price valuation.

What Are Insiders Doing with GLW Stock? Insider activity in Corning Inc GLW has shown a bearish trend, with insiders selling a total of $54.1 million worth of shares over the last three months, and notably, there have been no buying activities reported. This pattern may suggest a lack of confidence from insiders regarding the stock's future performance, which can be a red flag for potential investors.

What This Means for Investors Based on the analysis of GF Value™, current price trends, and insider activity, Corning Inc GLW appears to be significantly overvalued. The substantial difference between the current market price and the GF Value™ indicates that investors should exercise caution in their investment decisions.

For the complete analysis, visit the Corning Inc GLW stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is GLW's GF Score™?

GLW's GF Score™ is 68/100, indicating that the stock is above average compared to its peers and has potential for higher long-term returns.

Is GLW overvalued or undervalued?

GLW is significantly overvalued, with its current price at $209.83 compared to a GF Value™ of $60.59.

What is GLW's P/E ratio?

GLW's P/E ratio is 100.4x (TTM), which is 121% above its 5-year median of 45.4x, confirming its overvaluation trend.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

VANCOUVER, British Columbia, June 17, 2026 (GLOBE NEWSWIRE) -- TDG Gold Corp. (“TDG” or the “Company”) (TSXV: TDG | OTCQX: TDGGF) is pleased to provide an update on the ongoing metallurgical test work being completed by Base Met Labs, managed by Ausenco Engineering Canada ULC (“Ausenco”). Test work to date has demonstrated the amenability of the Shasta deposit, METS prospect and Baker tailings mineralization to a simple, conventional gravity and flotation process that produces gold-silver sulphide concentrates.

This test work is a key component to support the previously announced Preliminary Economic Assessment (“PEA”) on its 100%-owned Shasta Gold-Silver Project (“Shasta” or the “Project”), located within the Greater Shasta-Newberry Project area in the Toodoggone District of north-central British Columbia. Ausenco has been appointed as lead consultant for the PEA.

2026 Metallurgical Test Work Highlights:

Average recoveries of 92.4% gold and 90.3% silver achieved using conventional gravity and open circuit flotation methods.Up to 25% of gold recovered through gravity concentration prior to flotation, reducing downstream processing requirements and potentially improving payabilities.Over 91% recovery of both gold and silver demonstrated in locked-cycle testing.Simple gravity + flotation-based flowsheet selected as the preferred processing route following trade-off analysis.Coarse grind size of 80% passing 150 µm (“P80”) supports potential lower operating costs and favourable tailings dewatering and placement characteristics.Consistent results across the deposits and low impurities in the concentrates further de-risks future development studies.Significant silver contribution (~38%) in the recovered metal value in the tested Shasta composites. "Shasta’s metallurgical performance compares favourably with many advanced-stage epithermal gold-silver projects in British Columbia, achieving greater than 90% recoveries for both gold and silver through a conventional flotation process while maintaining a very low concentrate mass pull,” commented Fletcher Morgan, TDG’s CEO. “The concentrate generated from locked-cycle testing contained 45.4% sulphur at a mass pull of only 1.4%, (Table 1), demonstrating highly selective recovery of sulphide-hosted gold and silver mineralization. Furthermore, silver contributes approximately 35–40% of the recovered metal value in the tested Shasta composites, highlighting the project's meaningful silver exposure alongside the gold production."

Table 1: Metallurgical Balance – Locked Cycle Test (MC1).

Product
Mass %
AssayDistribution %Au g/tAg g/tS %AuAgSGravity Concentrate*0.2104250049.033.515.616.6Flotation Concentrate1.235.6240044.757.975.476.3Combined Concentrate1.447.0241745.491.491.092.9Cleaner Tailings4.00.23180.371.31.92.2Rougher Tailings94.90.062.80.047.37.14.9Feed1000.72370.68100100100 *Gravity concentrate was assayed to extinction for gold. Silver and sulphur values are estimated from other tests and head grade reconciliation.

Low Impurity Mineralization

Multi-element ICP and whole rock analyses were completed on the samples that informed the test work. Samples have demonstrated low copper concentrations, generally less than 100 ppm, except for the Baker TSF (Tails-2 sample), which returned 286 ppm. Arsenic concentrations were below 12 ppm for all samples except the METS and Tails-2 samples which measured 18 and 20 ppm, respectively. No other elements of interest or concern were measured at significant levels.

Shasta Metallurgical Evaluation – 2026 Program

A total of 13 samples of continuous ½ drill core intervals were selected from 12 Shasta drill holes from the 2021 and 2022 drilling programs. The samples represent material that is within the mineral resource that is potentially amenable to open pit mining, covering a range of spatial locations.

The recent metallurgical testing evaluated flotation recovery as a function of primary grind size, regrinding and cleaner circuit requirements, as well as variability response to a proposed flowsheet. The bulk of the development testing was conducted on Master Composites MC1 and MC2, and a locked cycle test was conducted on MC1.

The flowsheet included a primary grind size target of 150µm P80, gravity concentration followed by conventional flotation, moderate dosages of PAX as a collector, natural pulp pH, and regrinding of the rougher concentrate to approximately 25µm P80 followed by 3 stages of cleaning. Rougher flotation performance was acceptable at coarser primary grind sizes, however a trade-off study confirmed that additional ball mill grinding requirements were justified for the incremental gains in precious metal recovery.

The proposed flowsheet was applied to the variability samples as gravity plus open circuit cleaner flotation tests.

The open circuit results from the variability samples and three master composites averaged 92.4% gold recovery and 90.3% silver recovery. On average, 25% of the gold and 12% of the silver were recovered to the gravity concentrate. There did not appear to be a clear trend of gold or silver recovery to feed grade. There was a slight positive relationship of silver recovery to sulphur content in the feed, but not for gold.

Most of the open circuit cleaner tests required only two stages of cleaning to achieve the final concentrate grade. Concentrate quality clearly trended with ratios of gold and silver to sulphur contents in the feed (g/t to %). Rougher flotation concentrates were reground to achieve an average cleaner circuit feed sizing of 25µm P80.

Potential Concentrate Quality

The average concentrate grade of the open circuit data set was 47 g/t gold, 2,005 g/t silver and 41.8% sulphur. On average, 91.1% of the sulphur was recovered to the combined final concentrates. Impurity concentrations were not measured on the concentrates and are in progress on the MC1 locked cycle concentrate. Based on the sulphur concentration ratios and arsenic feed grades, the highest arsenic content in the variability concentrates would be ~0.07%, which is well below levels that would typically incur penalties.

Baker TSF Samples

Eight auger samples were utilized that provide spatial coverage across the historical Baker tailings impoundment, material that is being considered for reprocessing in potential future operations. Two composites were assembled, representing high and low sulphur zones within the impoundment.

Gravity plus rougher flotation tests were conducted on the two historical tailings samples, following a small amount of laboratory rod mill grinding as the materials were somewhat coarser than the target flotation feed size. After initial tests which indicated compromised sulphur kinetics, the tests were repeated with higher PAX dosages of 50 g/t. On average, 68% of the gold and 61% of the silver were recovered to combined gravity plus rougher flotation concentrates. Based on cleaner flotation performance of the Shasta samples, the recoveries to final concentrates could decrease to approximately 66% and 59% following cleaner circuit upgrading. Additional testing is planned.

High Grade METS Prospect Demonstrates Positive Recoveries

Assay reject samples from three drill holes in the METS mining lease A-Zone were provided and formed into a single composite. A preliminary metallurgical test was conducted on the METS sample, which recovered 83.8% of the gold and 71.8% of the silver to a combined gravity plus rougher flotation concentrate. Only 13.6% of the feed gold was recovered by gravity, however the Mozley table gravity concentrate was quite high grade, measuring 1,106 g/t gold. Additional testing is in progress on these materials with the objective of optimizing recoveries.

Comminution Testing Results

Comminution testing was conducted on eight of the Shasta variability samples, which indicated that the material was of medium hardness with respect to impact breakage in a SAG mill and very hard with respect to ball mill grinding. The materials are moderately abrasive as indicated by the Bond abrasion index value.

Qualified Persons

Peter Mehrfert, P.Eng., of Ausenco Engineering Canada ULC, is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved the metallurgical and processing information contained in this news release. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo., is the Qualified Person for the Company’s projects and has reviewed the technical and scientific content of this news release.

Cautionary Note Regarding Metallurgical Results

Metallurgical test results reported herein are preliminary in nature, are based on laboratory-scale testing of selected samples and composite materials and may not be representative of all mineralization within the Shasta, METS or Baker projects. Metallurgical performance may vary materially from test results due to geological variability, mining methods, dilution, processing conditions, operational factors and other considerations. There can be no assurance that similar recoveries, concentrate grades, concentrate characteristics or processing performance will be achieved under commercial operating conditions.

Cautionary Note Regarding Preliminary Economic Assessments

The Company cautions that a Preliminary Economic Assessment is preliminary in nature and may include inferred mineral resources that are considered too speculative geologically to have economic considerations applied that would enable them to be categorized as mineral reserves. There is no certainty that the results of the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

About the Shasta-METS-Baker Tailings Gold-Silver Project

Shasta is a 100%-owned gold-silver project located in the Toodoggone District of north-central British Columbia. The Project is part of TDG’s Greater Shasta-Newberry Project area and is one of the Company’s principal assets in the district.   METS is a 200 hectare mining lease classified as developed prospect located ~23km northwest of Baker, while the tailings at Baker are from operations undertaken prior to TDG’s involvement in the area.

About TDG Gold Corp.

TDG Gold Corp. is a mineral exploration and development company focused on advancing its gold, silver and copper projects in British Columbia, Canada. The Company's projects include the former producing Baker and Shasta mines, the Shasta gold-silver deposit, the Aurora West gold-copper target area, the METS prospect and the Anyox copper project.

The Company's strategy is to create shareholder value through disciplined exploration, technical evaluation, resource growth and systematic advancement of its mineral projects.

ON BEHALF OF THE BOARD

Fletcher Morgan
Chief Executive Officer

For further information contact:
TDG Gold Corp.
Telephone: +1.604.536.2711
Email:[email protected]

Neither 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.

Forward-Looking Information and Statements

This news release contains forward-looking information and forward-looking statements (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. Forward-looking statements relate to future events or future performance and reflect management's current expectations, estimates, projections, assumptions and beliefs as of the date of this news release.

Forward-looking statements are often identified by words such as "anticipate", "continue", "could", "estimate", "expect", "future", "may", "objective", "plan", "potential", "proposed", "strategy", "target", "will", "would", "advance", "develop", "evaluate", "consider", "support", “simple”, “demonstrated”, “amenability”, “conventional”, variants of these words and similar expressions, including the negative forms thereof.

Forward-looking statements in this news release include, without limitation, statements regarding: the completion, timing, assumptions and results of the Preliminary Economic Assessment ("PEA") for the Shasta Gold-Silver Project; the potential economic viability of the Shasta Project, the METS deposit and the Baker tailings storage facility material; the interpretation and significance of metallurgical test results; what recoveries will be assumed in the planned PEA; the potential to produce a marketable concentrate and the treatment and refining charges, and payabilities thereon; anticipated metallurgical recoveries and concentrate characteristics; the selection and performance of potential processing flowsheets; the timing and results of future metallurgical, engineering and economic studies; whether gravity will reduce downstream processing requirements and improve payabilities; whether coarser grinding will lower operating costs and improve tailings dewatering and placement; future exploration, development and permitting activities; and the Company's plans, objectives and strategies for its projects.

Forward-looking statements are based on a number of assumptions, including but not limited to: the accuracy and representativeness of metallurgical testing results and their suitability for use in the planned PEA; the continuity and characteristics of mineralization; the ability to complete planned studies and programs; the availability of financing, personnel and equipment; the receipt of required approvals and permits; reasonable commodity price assumptions; and general economic and operating conditions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, without limitation: the risk that metallurgical test results may not be representative of future production performance; the risk that future testing may produce different results; uncertainty regarding the recoverability of gold, silver and other metals; risks associated with mineral resource estimation; the risk that economic studies, including the planned PEA, may not demonstrate economic viability; changes in project parameters as plans continue to be refined; fluctuations in commodity prices and operating costs; environmental, permitting, regulatory and social risks; risks associated with obtaining financing; and the other risks disclosed in the Company's public disclosure documents available under its profile on SEDAR+.

The metallurgical test work described herein was conducted on selected samples and composite materials and may not be representative of all mineralization within the Company's projects. Metallurgical performance may vary materially from test results due to geological variability, operating conditions, mine planning considerations and other factors.

Although the Company believes the assumptions and expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such statements will prove to be accurate. Readers should not place undue reliance on forward-looking statements. Actual results may differ materially from those anticipated in such statements.

The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update such statements except as required by applicable securities laws.

DKNG stock gains 12% in three months as Sportsbook momentum and improving profitability lift sentiment. Yet, heavy Predictions investments warrant caution.

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Dave & Buster's Entertainment Today

PLAY

Dave & Buster's Entertainment

$11.27 +0.37 (+3.39%)

As of 04:00 PM Eastern

52-Week Range$9.61▼

$35.53Price Target$19.33

Dave & Buster’s NASDAQ: PLAY price action is not inspiring for bulls. The stock has trended lower for over two years and could continue to decline. The Q1 earnings release failed to meet expectations, setting the stage for new lows.

The caveat is that PLAY stock is already trading at historically low levels, aligning with lows plumbed during the height of COVID-19 fear, and there are signs of traction in the release.

Get PLAY alerts:

While comps remain an issue, the Back-to-Basics strategy is improving food sales and cash flow metrics, which are central to the stock price outlook. In this scenario, PLAY’s downtrend is played out, and price recovery lies ahead.

Dave & Buster’s Reverts to Free Cash Flow in Q1Dave & Buster’s is a growth story gone awry, but it is also trying to become a recovery and capital return story. The company has historically used cash flow to fund opportunistic share repurchases, which remain in play if the turnaround gains traction. While Q1 results failed to meet expectations, Dave & Buster’s reported a small quarterly profit and returned to positive adjusted free cash flow. The result was modest compared with prior periods, but it was enough to help the company build cash despite continued investment in new stores and remodels.

Looking ahead, management plans a less aggressive capital expenditure year for 2027 than initially reported, focusing on free cash flow (FCF) and the leverage it provides. Dave & Buster’s did not buy back shares in Q1 but will likely do so as the year progresses, given the FCF outlook. As it stands, trailing-12-month activity contributed to a 0.7% average share count reduction in FQ1.

Institutional trends suggest that they, too, will buy PLAY stock in July and summer 2026. The group owns more than 90% of the stock and, after selling in 2025, reverted to buying in 2026. Q1 activity reflects group rotation, with selling spiking alongside buying, but the overall balance is bullish for investors. Activity in early Q2 is less robust overall but comes with a far more bullish balance of approximately $2 bought for every $1 sold. The likely outcome is that buying accelerates amid lower stock prices, with critical support in the $8-$10 range.

Dave & Buster’s Falters on Weak Store TrafficDave & Buster’s Q1 results revealed some budding strengths but also persistent weaknesses. The company’s $559.2 million in net revenue was down 1.5% year-over-year (YOY) and came in $21.4 million below consensus on a 5.4% decline in comp sales. Comp sales are the critical factor in PLAY’s rebound thesis and are expected to provide a catalyst this year. As weak as the Q1 results are, management remains confident in the outlook for positive full-year comps and new-store growth. Store count is up approximately 4% as of Q1’s end and expected to rise by another 100 to 200 bps by year’s end.

The margin news is also uninspiring, but again, there is a catalyst at hand. Gross margin expanded incrementally but was offset by higher costs, resulting in profit compression. Cost increases, tied to wages and labor among other drivers, are accelerating deleveraging as revenue declines. The catalyst is the return to positive comp stores, revenue growth, and improving margins.

Analysts Wait and See: Trends Highlight Deep Value OpportunityDave & Buster’s analyst trends contributed to the stock price decline, as they are bearish, but the market has overreacted to the change. Trading around $12, the stock remains deeply discounted to analysts’ average price target, leaving meaningful upside if the turnaround gains traction. A move toward that target is unlikely without clearer evidence of recovery, but improving comps and profitability could provide the catalyst investors need. Until then, analysts remain cautious, with the consensus rating at Hold and the average price target near $20.

Dave & Buster's Entertainment Stock Forecast Today12-Month Stock Price Forecast:
$19.33
75.84% Upside

Hold
Based on 7 Analyst Ratings

Current Price$11.00High Forecast$30.00Average Forecast$19.33Low Forecast$12.00Dave & Buster's Entertainment Stock Forecast Details

Dave & Buster’s risk this year is high oil prices and inflation. High oil prices are underpinning inflation and impairing discretionary spending. In this environment, it may be difficult for PLAY to grow comp sales.

Debt is also a risk. The company carries significant debt, and maintenance spending cuts into cash flow. If the turnaround fails to gain traction by year’s end, the company’s ability to continue as-is will be in jeopardy.

Catalysts include a renewed focus on targeted store remodels, menu changes, new games and Eat-and-Play offers. Management’s Back-to-Basics strategy appears to be helping food and beverage sales, but the stock likely needs clearer evidence that those gains can translate into better traffic, stronger comps and improved margins. The company is also still opening new stores and expanding internationally through franchise partnerships, giving it longer-term growth levers if the core business stabilizes.

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PL value offers, game rollout, remodel gains and cash flow discipline are shaping its turnaround as weak sales keep investors cautious.

Dave & Buster's Entertainment, Inc. faces a challenging turnaround as same-store sales fell 5.4% during Spring Break, highlighting weak consumer demand. PLAY's entertainment revenue mix is eroding, pressuring margins, while restaurant sales grew ~5% in Q1 FY 2027 but offer lower profitability. Leverage stands at 3.8x net LT debt/EBITDA, with no near-term debt wall, but operational risks loom if EBITDA declines further.

In the latest trading session, Wix.com (WIX - Free Report) closed at $42.05, marking a -5.6% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 1.22%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 1.35%.

Shares of the cloud-based web development company have depreciated by 16.61% over the course of the past month, underperforming the Computer and Technology sector's gain of 1.19%, and the S&P 500's gain of 1.56%.

The investment community will be paying close attention to the earnings performance of Wix.com in its upcoming release. On that day, Wix.com is projected to report earnings of $1.2 per share, which would represent a year-over-year decline of 47.37%. Our most recent consensus estimate is calling for quarterly revenue of $557.82 million, up 13.86% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.66 per share and a revenue of $2.27 billion, representing changes of -36.34% and +13.76%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for Wixcom. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 96.88% downward. Currently, Wix.com is carrying a Zacks Rank of #3 (Hold).

Looking at valuation, Wix.com is presently trading at a Forward P/E ratio of 9.55. For comparison, its industry has an average Forward P/E of 14.42, which means Wix.com is trading at a discount to the group.

We can also see that WIX currently has a PEG ratio of 0.6. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Computers - IT Services industry had an average PEG ratio of 1.11.

The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 31% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

, /PRNewswire/ -- Investors in Wix.com Ltd. (NASDAQ: WIX) saw the price of their shares tank $20.56 (-27%) on May 13, 2026, wiping out over $1.1 billion of the company's market capitalization, after Wix announced its Q1 2026 financial results and a massive 46% year-over-year increase in operating expenses and questions over the company's ability to defend its core business.

The news and severe market reaction have prompted national shareholder rights law firm Hagens Berman to open an investigation into whether Wix may have misled investors about the nature of its spending and, if so, whether the federal securities laws may have been violated. The firm urges Wix investors who suffered significant losses to contact the firm now to discuss their rights.

Visit: www.hbsslaw.com/investor-fraud/wix
Contact the Firm Now: [email protected]
                                       844-916-0895

Wix.com Ltd. (WIX) Investigation:

Global web development platform company Wix faces AI disruption concerns over whether traditional website builders can maintain competitive moats as AI-native tools proliferate and enable non-technical users to create web presence without needing platforms like Wix.

To confront this challenge, Wix positioned AI initiatives, Base44 and Harmony, as a two-pronged defense against the vibe coding trend threatening the company's core business.

The company has assured investors that "[w]e expect innovation-driven growth to be accompanied by high impact but disciplined investments to fully unlock the market opportunity ahead for both Wix and Base44."

In contrast, investors' expectations were dashed on May 13, 2026. That day, Wix revealed aggressive and front-loaded AI compute expenses for Harmony and Base44.  More specifically, the rapid expansion of Base44 and Harmony rollout radically altered Wix's cost structure primarily through front-loading sales and marketing ("S&M") expenses. Collectively, the initiatives drove non-GAAP S&M expenses to $190.7 million, a year-over-year 88% increase that caused the company's non-GAAP operating margin to collapse from 21% during the prior year period to just 5% while sending its quarterly operating expenses up 46% from the prior year period.

The market swiftly reacted, scalping over $1.1 billion from Wix's market capitalization that day and prompting analysts' surprise over the magnitude of the margin miss.

"We're investigating whether Wix may have intentionally understated the adverse effects of its AI initiatives on its operating results," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation.

If you invested in Wix and have substantial losses, or have knowledge that may assist the firm's investigation, submit your losses now »

If you'd like more information and answers to frequently asked questions about the firm's Wix  investigation, read more »

Whistleblowers: Persons with non-public information regarding Wix 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. 

SOURCE Hagens Berman Sobol Shapiro LLP

Key Takeaways Shopify grew GMV 35% to $101 billion, with revenues up 34% and strong enterprise traction.Wix is gaining momentum with AI tools and Base44, which reached $150 million in annual recurring revenues.Both companies are investing in AI, but face execution challenges as digital commerce evolves. The e-commerce industry continues to evolve rapidly as businesses of all sizes increasingly rely on digital storefronts to reach customers. Against this backdrop, Shopify Inc. (SHOP - Free Report) and Wix.com Ltd. (WIX - Free Report) have emerged as two prominent players, helping merchants build, manage and grow their online presence.

While Shopify has established itself as a leading commerce platform with a strong ecosystem of merchants, payment solutions and fulfillment capabilities, Wix has gained traction through its user-friendly website-building tools and expanding e-commerce offerings. Both companies are benefiting from the ongoing shift toward online selling, but their growth strategies, financial performance and market opportunities differ significantly. As investors look for exposure to the expanding digital commerce market, the question remains: which of these two stocks is currently in a stronger position to deliver long-term value?

The Case for SHOPShopify continues to demonstrate exceptional growth at a scale few e-commerce companies can match. In the first quarter of 2026, gross merchandise volume (“GMV”) increased 35% year over year to $101 billion, marking the second consecutive quarter in which merchants sold more than $100 billion worth of goods on the platform. Revenues climbed 34%, while free cash flow reached $476 million. Growth was broad-based across merchant sizes, geographies and sales channels, highlighting the strength of Shopify's ecosystem.

The company is also gaining traction among larger merchants, with the number of businesses generating more than $100 million in annual GMV nearly doubling over the last two years. These trends suggest Shopify is successfully expanding beyond its small-business roots and capturing a larger share of enterprise commerce.

Shopify is positioning itself as a major beneficiary of the AI-driven transformation in commerce. The company has integrated artificial intelligence across its platform, helping merchants automate store management, marketing and operational tasks. Its AI assistant, Sidekick, is seeing strong adoption, with weekly active shops using the tool increasing fourfold year over year.

Management believes Shopify's 20 years of commerce data, spanning millions of merchants and billions of products, provides a significant advantage in building AI-powered solutions. As entrepreneurship becomes more accessible through AI, Shopify expects a larger pool of merchants to enter the market, creating a long-term growth opportunity for the platform.

Shopify's opportunity extends well beyond website creation. The company continues to deepen merchant relationships through payments, financial services, advertising and AI-powered shopping channels. Shopify Payments processed $67 billion in GMV during the quarter, while Shop Pay volume jumped 59% year over year. It is also benefiting from emerging AI commerce channels, with AI-driven traffic to Shopify stores rising eightfold and orders generated through AI searches increasing nearly thirteenfold from the prior year. These initiatives strengthen merchant retention, increase monetization opportunities and reinforce Shopify's position as a comprehensive commerce platform rather than simply an e-commerce software provider.

Despite its strong momentum, Shopify faces growing execution challenges as the commerce landscape evolves. The company is making significant investments in AI-driven commerce, betting that new shopping experiences powered by platforms such as ChatGPT and other AI agents will accelerate merchant growth. However, the pace and economics of this shift remain uncertain. Competition from technology giants, payment providers and other commerce platforms is intensifying as AI reshapes how consumers discover and purchase products.

In addition, Shopify's transaction-based business model remains tied to merchant sales activity, making it vulnerable to slowdowns in consumer spending. To justify its growth narrative, Shopify must continue to attract merchants, expand enterprise adoption and successfully monetize new AI-powered commerce opportunities.

The Case for WIXWix is rapidly strengthening its position in the AI-powered website creation market. Management believes the company's two decades of experience in web creation, extensive infrastructure and integrated product ecosystem provide a durable competitive advantage as AI reshapes the industry. During the quarter, Wix introduced its own proprietary large language model to power Wix Harmony, the AI website-building platform.

According to management, the internally developed model delivers faster performance, better user outcomes and lower operating costs than third-party alternatives. Harmony is already helping improve user conversion rates and driving stronger adoption of premium subscriptions and business solutions, reinforcing Wix's ability to monetize AI innovation.

Wix's acquisition of Base44 is creating a meaningful new avenue for growth. The AI-powered application creation platform reached $150 million in annual recurring revenues by mid-May, up sharply from $100 million in early March. Management highlighted strong user demand, improving retention trends and growing monetization across the platform. Base44 is also expanding Wix's addressable market beyond traditional website creation by enabling entrepreneurs and businesses to build custom applications. Combined with healthy cohort performance, higher subscription conversions and strong retention among existing users, Base44 gives Wix another growth driver that could support revenue expansion and market-share gains in the years ahead.

Despite the encouraging AI momentum, Wix continues to face challenges in its partner business. Management acknowledged that partner-related growth slowed more than expected due to smaller customer cohorts and reduced marketing spending in recent quarters. In addition, gross payment volume growth remained soft as small and medium-sized businesses on the platform continued to face macroeconomic pressure. While Wix expects new AI products and platform enhancements to reaccelerate growth eventually, execution risks remain as it works to revive partner momentum and navigate a still-uncertain economic environment.

How Does the Consensus Estimate Compare for SHOP & WIX?The Zacks Consensus Estimate for Shopify’s 2026 sales and earnings per share (EPS) indicates year-over-year increases of 27.3% and 55.6%, respectively. In the past 60 days, earnings estimates for 2026 have increased from $1.77 to $1.82 per share.

SHOP Earnings Estimate Trend
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for WIX’s 2026 sales and EPS implies year-over-year growth of 13.8% and a decrease of 36.3%, respectively. In the past 60 days, earnings estimates for 2026 have decreased from $6.38 to $4.66 per share.

WIX Earnings Estimate Trend
Image Source: Zacks Investment Research

Price Performance & Valuation of SHOP & WIXShopify stock has declined 5.6% in the past year against the S&P 500’s growth of 27%. Meanwhile, WIX’s shares have declined 74% in the same time.

SHOP & WIX Stock Performance
Image Source: Zacks Investment Research

Shopify is trading at a forward 12-month price-to-sales (P/S) ratio of 8.61. Wix's forward 12-month P/S multiple sits at 1.01 over the same time frame.

P/S (F12M)
Image Source: Zacks Investment Research

End NotesWhile both Shopify and Wix are benefiting from the growing adoption of AI and digital commerce tools, the former appears to be in a stronger position today. The company is delivering faster revenue growth, expanding its presence among large enterprises and building a broader commerce ecosystem that spans payments, financial services, marketing and AI-driven shopping experiences.

Shopify's growth is also supported by rising earnings expectations and strong momentum across merchant acquisition and engagement. In contrast, Wix remains primarily focused on website creation and is still working through challenges in its partner business while integrating newer growth initiatives such as Base44.

Although Wix offers a more attractive valuation and has executed well on AI innovation, Shopify's larger scale, stronger growth trajectory, expanding commerce capabilities and improving earnings outlook give it a clearer path to long-term value creation. As a result, Shopify appears better positioned to capitalize on the next phase of e-commerce and AI-driven commerce evolution.

Both stocks presently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Enhances portfolio, high grades capital allocation, lowers costs and enhances liquidity June 17, 2026 02:00 ET  | Source: Kosmos Energy, LLC

DALLAS, June 17, 2026 (GLOBE NEWSWIRE) -- Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) is pleased to announce the completion of the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy (“Panoro”).

The final cash consideration on completion, post-closing adjustments, was approximately $127 million. The closing adjustments reflect the cash received from the assets in the first half of 2026 to completion on June 16, 2026. Future contingent payments of up to ~$40 million are subject to certain oil price and production thresholds.

The transaction proceeds will be used to repay borrowings under the Company’s reserves-based lending (RBL) credit facility.

Andrew G. Inglis, Kosmos Energy’s chairman and chief executive officer said: “We are pleased to have closed this transaction, a win-win for Kosmos and Panoro. For Kosmos, the transaction high grades our portfolio by divesting high unit operating cost production and increases balance sheet resilience, with retained exposure to future upside from the assets. Strategically, it also enables Kosmos to focus our capital and expertise on our world-class assets where we can add the most value for our stakeholders over the long-term. We’d like to thank CEMAC and the Government of Equatorial Guinea for their timely approvals.” 

To reflect the impact of the sale completion, Kosmos will provide updated full year 2026 guidance with its second quarter results in August. Production year-to-date has been around 5,800 barrels of oil per day net to Kosmos. An asset retirement obligation liability of around $140 million will also be removed from the balance sheet.

About Kosmos Energy

Kosmos Energy is a leading deepwater exploration and production company focused on meeting the world’s growing demand for energy. We have diversified oil and gas production from assets offshore Ghana, Mauritania, Senegal and the Gulf of America. Additionally, in the proven basins where we operate, we are advancing high-quality development opportunities, which have come from our exploration success. Kosmos is listed on the NYSE and LSE and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in the Kosmos Sustainability Report. For additional information, visit www.kosmosenergy.com. 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
[email protected]

Media Relations
Thomas Golembeski
+1-214-445-9674
[email protected]

FuelCell Energy shares are experiencing downward pressure. What’s pulling FCEL shares down? What Is FuelCell Energy’s Data-Center Strategy?The latest debate centers on FuelCell Energy's push into data-center power, where data centers represent nearly 90% of its sales pipeline, even as investors remain sensitive to recent execution issues. The company has also pointed to a 4-gigawatt second-quarter pipeline that jumped 267% from the first quarter and a standardized 12.5-megawatt "Energy Block" product aimed at faster time-to-power for AI and data center projects.

FuelCell Energy's higher-beta behavior has been showing up in both directions this week, with Tuesday's premarket pressure tied to a more defensive tape as futures turned "slightly softer" in risk-off positioning. That backdrop helps explain why FCEL can trade more like a sentiment lever than a single-headline story, even when the fundamental narrative is unchanged.

FCEL Stock: Key Technical Levels To WatchFCEL's longer-term trend remains pointed up: the stock is trading well above its 50-day SMA ($15.59) and 200-day SMA ($9.70), and the bullish stack is reinforced by the 20-day SMA sitting above the 50-day SMA. The golden cross that formed in October 2025 (50-day SMA above the 200-day SMA) is still in place, which is typically the kind of structure trend-followers want to see during pullbacks.

Near term, price is working through consolidation: shares are trading 1.3% below the 20-day SMA ($20.67), a spot that often acts like a "line in the sand" for short-term momentum. RSI is the cleaner momentum lens right now at 54.39 (neutral); in plain terms, RSI helps show whether a move is getting stretched, and this reading suggests two-sided trade rather than an overbought chase.

Key Resistance: $20.67 — the 20-day SMA is overhead and is a common level sellers defend during consolidations Key Support: $15.59 — the 50-day SMA is the nearest major trend gauge below price and a typical dip-buy zone in uptrends FuelCell Energy is a clean energy technology company that develops, designs, produces, and services high-temperature fuel cells used for clean electric power generation. Its core offering includes proprietary molten carbonate fuel cell systems that generate electricity electrochemically with ultra-low emissions and high efficiency.

The company often operates as a full solutions provider—covering design, manufacturing, installation, and long-term maintenance—through long-term power purchase, service, and engineering procurement agreements. That model can create big upside when projects ramp, but it also means execution and timing matter a lot, which is why the market is scrutinizing how the data-center pipeline converts into delivered revenue.

FCEL Stock Price Movement on ThursdayFCEL Stock Price Activity: FuelCell Energy shares were up 3.09% at $20.66 at the time of publication on Thursday, according to Benzinga Pro data.

Image: Shutterstock

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Rithm Capital Corp. preferreds present differentiated risk/reward profiles across Series D, E, and F, each with distinct yield and convexity characteristics. RITM.PR.E offers a fixed-rate structure trading at par, with limited upside in declining rates and downside exposure if rates rise due to negative convexity. RITM.PR.D provides a speculative reset opportunity, potentially yielding above 10% if not redeemed, but carries the risk of early redemption given current market conditions.

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that its Board of Directors (the “Board”) has declared its second quarter 2026 common and preferred stock dividends.

Common Stock Dividend

The Board declared a dividend of $0.25 per share of common stock for the second quarter 2026. The second quarter common stock dividend is payable on July 31, 2026, to shareholders of record on July 2, 2026.

Preferred Stock Dividends

In accordance with the terms of Rithm Capital’s Series A Cumulative Redeemable Preferred Stock (“Series A”), the Board declared a Series A dividend for the second quarter 2026 of $0.6206601 per share, which reflects a rate of 9.715%. The Series A Preferred Stock accrues dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.262%) plus a spread of 5.802%.

In accordance with the terms of Rithm Capital’s Series B Cumulative Redeemable Preferred Stock (“Series B”), the Board declared a Series B dividend for the second quarter 2026 of $0.6103101 per share, which reflects a rate of 9.553%. The Series B Preferred Stock accrues dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.262%) plus a spread of 5.640%.

In accordance with the terms of Rithm Capital’s Series C Cumulative Redeemable Preferred Stock (“Series C”), the Board declared a Series C dividend for the second quarter 2026 of $0.5674407 per share, which reflects a rate of 8.882%. The Series C Preferred Stock accrues dividends at a floating rate equal to three-month CME SOFR (plus a spread adjustment of 0.262%) plus a spread of 4.969%.

In accordance with the terms of Rithm Capital’s 7.000% Series D Fixed-Rate Reset Cumulative Redeemable Preferred Stock (“Series D”), the Board declared a Series D dividend for the second quarter 2026 of $0.4375000 per share.

In accordance with the terms of Rithm Capital’s 8.750% Series E Fixed-Rate Cumulative Redeemable Preferred Stock (“Series E”), the Board declared a Series E dividend for the second quarter 2026 of $0.5468750 per share.

In accordance with the terms of Rithm Capital’s 8.750% Series F Fixed-Rate Reset Cumulative Redeemable Preferred Stock (“Series F”), the Board declared a Series F dividend for the second quarter 2026 of $0.5468750 per share.

Dividends for the Series A, Series B, Series C, Series D, Series E, and Series F are payable on August 17, 2026, to preferred shareholders of record on August 1, 2026 (with an effective record date of July 31, 2026).

ABOUT RITHM CAPITAL

Rithm Capital Corp. is a global alternative asset manager with significant experience managing credit and real estate assets. Rithm’s integrated platform spans asset-based finance, residential and commercial real estate lending, mortgage servicing rights, and structured credit. Through platforms including Elecor Properties, Newrez, Genesis Capital, Sculptor Capital Management, and Crestline Investors, Rithm employs a unique owner-operator model to drive value for shareholders and investors.

More News From Rithm Capital Corp.

Tesla electric vehicles are pictured at one of the company's delivery centers in Valenton, near Paris, France, April 24, 2025. REUTERS/Benoit Tessier Purchase Licensing Rights, opens new tab

CompaniesJune 23 (Reuters) - Demand for electrified cars continued to underpin growth in Europe's auto market in May, offsetting a sharp decline in ​petrol and diesel sales and allowing Chinese brands to ‌expand their footprint, data from the European Automobile Manufacturers’ Association (ACEA) showed on Tuesday.

Total car registrations, a proxy for sales, in the European Union, Britain and ​the European Free Trade Association rose 3.6% to 1,152,523 ​vehicles in May. For the first five months of ⁠the year, registrations were up 4.5% compared with the same period ​in 2025..

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Electrified vehicles dominated the market's momentum. Registrations of battery-electric (BEV), plug-in ​hybrid (PHEV) and hybrid cars climbed 39.1%, 13.2% and 8.2%, respectively, together accounting for more than two-thirds of all new vehicles registered in May.

"The market continued ​to benefit from robust consumer demand for a range of ​electrified technologies across key European markets, sustained by new and revised tax benefits ‌and ⁠incentive schemes," the association said in a statement.

In contrast, demand for traditional internal combustion engines weakened sharply, with petrol and diesel sales falling by around 19% each.

LEGACY CARMAKERS CEDE GROUND TO CHINESE RIVALSLegacy ​European carmakers lost ​ground amid ⁠the transition. Registrations at Renault(RENA.PA), opens new tab , Stellantis (STLAM.MI), opens new tab and Volkswagen slipped between 1% and 3%, reflecting intensifying competition.

Chinese automakers, ​by comparison, posted striking gains. Leapmotor's (9863.HK), opens new tab sales surged ​465.1% ⁠in May, while Chery (9973.HK), opens new tab and BYD (002594.SZ), opens new tab jumped 244.1% and 136.6%, respectively. Among other manufacturers, Geely (0175.HK), opens new tab and SAIC (600104.SS), opens new tab recorded increases of 12.6% and 13.9%.

Tesla ⁠extended ​its rebound for a fourth consecutive month, ​with registrations soaring 107.9% to 28,610 units, marking a strong recovery after more than ​a year of declines.

Reporting by Amir Orusov; Editing by Matt Scuffham

Our Standards: The Thomson Reuters Trust Principles., opens new tab

TOON's 35% rally has outpaced peers ANGX & NXST, but competition, volatility and execution risks may make profit-taking worth considering.

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It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.

That's where the Style Scores come in.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Southwest Airlines (LUV - Free Report) Based in Dallas, TX, Southwest Airlines is a passenger airline that provides scheduled air transportation in the United States and 'ten near-international' markets. The company was incorporated in Texas in 1967 and commenced operations in 1971 with three Boeing 737 jets serving the cities of Dallas, Houston and San Antonio.

LUV is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Momentum investors should take note of this Transportation stock. LUV has a Momentum Style Score of A, and shares are up 17.6% over the past four weeks.

For fiscal 2026, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.09 to $2.81 per share. LUV boasts an average earnings surprise of +247%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, LUV should be on investors' short list.

JetBlue Airways told CNBC on Wednesday that it will close its flight attendant base at Newark Liberty International Airport in New Jersey and tech operations bases there and at LaGuardia Airport in New York this fall as it seeks to reduce costs and beef up service in Fort Lauderdale, Florida, though it noted that no staff will lose their jobs.

JetBlue said it is ending seasonal service between Newark and Los Angeles and Las Vegas. It said staff could bid or transfer to other bases.

"We're operating in a fast-changing landscape where competitors are constantly adding, reducing and shifting flying in response to market conditions," JetBlue President Marty St. George and COO Warren Christie said in a staff note, which was seen by CNBC. "We have to be just as agile, entering markets where we see opportunity and exiting those that no longer support our long-term goals. Standing still while competitors make moves isn't an option." 

The airline is already the top carrier at Fort Lauderdale, though it was previously second to Spirit Airlines, the South Florida-based discounter that collapsed on May 2. Competitors have also added service to the region.

JetBlue earlier Wednesday said it would expand daily, cross-country flights with its lie-flat business class, Mint, from Fort Lauderdale, Florida, to San Diego on Nov. 19 and will add more Mint-equipped flights this winter to San Francisco and Los Angeles.

That will include up to eight daily Fort Lauderdale to Los Angeles flights and three a day to San Francisco.

JetBlue has spent years trimming unprofitable routes and cutting costs to return to steady profitability. Its last profitable quarter was two years ago, and the Fort Lauderdale-Hollywood International Airport push is a big part of its strategy, St. George told CNBC earlier this month. The airline is scouting space for a high-end airport lounge there, too, he said.

Mint-equipped planes are lucrative and those seats carry a big premium. A one-way Mint seat from Fort Lauderdale to Los Angeles on Jan. 10 topped $3,000 and went as high as $4,522 while a basic coach ticket on that route was going for as little as $244.

The JetBlue executives told staff Wednesday that they know the Newark reductions raise questions about their plans at LaGuardia Airport, where JetBlue's one-time acquisition target, Spirit, operated out of the Marine Air Terminal until it shut down.

"Any future opportunities that could come from the LGA slot auction process remain uncertain and would take time to develop," they said. "We must make decisions based on the operation we know we will fly, not on potential outcomes that may or may not materialize in the future."

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JetBlue executives have called out the high costs of operating at airports like LaGuardia.

"We are much, much smaller at LaGuardia than we were four years ago because it's a $40 [enplanement fee] airport for us. And the fountain is really pretty, but ... I think people would rather have low fares than a really nice fountain," St. George said at a JPMorgan industry conference in March, referring to the 25-foot-tall water feature in the airport's Terminal B.

The Port Authority of New York and New Jersey, which operates LaGuardia and Newark airports, did not immediately comment.

This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.

Happy Thursday. It's a busy day in two of America's largest cities: The Knicks will celebrate their NBA championship with a ticker-tape parade in New York City, while the Obama Presidential Center is set for a star-studded opening in Chicago.

Stock futures are higher this morning as traders look to rebound from yesterday's losses.

Here are five key things investors need to know to start the trading day:

1. Kevin's heartAs expected, the Federal Reserve held interest rates steady yesterday, keeping its benchmark rate in a range of 3.5%-3.75%. But the real excitement was what Kevin Warsh did at hist first meeting as the central bank's chairman.

Here's what to know:

The first Federal Open Market Committee statement under Warsh was significantly shorter than that of recent meetings, lacking forward guidance as well as details on how members voted.At his post-announcement press conference, Warsh announced plans for task forces focused on overhauling the central bank's operations.The chairman sat out of participating in the Fed's "dot plot" but said he encouraged his colleagues to continue doing so. Of the 18 members who did share their projections, nine indicated that they expected a rate hike this year.DoubleLine Capital's Jeffrey Gundlach told CNBC that Warsh's first meeting made it clear that the chairman would not be the "easy money" leader that many expected.The S&P 500 tumbled more than 1% in yesterday's session, marking the index's worst performance on the first "Fed day" under a new chair since at least 1994.Yesterday's drop dragged the S&P 500 into the red for the week. Follow live markets updates here.2. Sign on the dotted linePresident Donald Trump and Iranian President Masoud Pezeshkian signed a memorandum of understanding yesterday, three days after Vice President JD Vance and Iranian Parliamentary Speaker Mohammad Bagher Ghalibaf signed the same document.

The 14-point MOU, aimed at developing a permanent peace deal, calls for the reopening of the Strait of Hormuz without tolls for at least 60 days. It also includes an agreement for the two nations to resolve the question of how to dispose of Iran's highly-enriched uranium.

Meanwhile at the G7 summit, CNBC learned that Anthropic CEO Dario Amodei and Google DeepMind CEO Demis Hassabis pushed for a U.S.-led artificial intelligence coalition. Speaking during a private lunch attended by several tech executives and government leaders, the pair said the coalition would work to protect against the risks associated with the technology.

3. Florida!!! (feat. JetBlue)Earlier this week, we told you about JetBlue's plans to expand in Fort Lauderdale, Florida. Now, the airline is planning to reduce its footprint in the New York City area to free up resources.

The carrier told CNBC yesterday that it will cut its tech operations bases at Newark Liberty International Airport and LaGuardia Airport. It will also close its flight attendant hub at the New Jersey airport and cease its seasonal service from Newark to Los Angeles and Las Vegas.

Speaking of Florida: Demand for commercial real estate on the state's so-called "space coast" is booming, as private companies in the sector like SpaceX and Blue Origin grow. One developer told CNBC's Diana Olick that building luxury hotels makes sense as executives and scientists travel to the region to watch launches.

4. Apple Intel-ligenceShares of Intel are up 9% in premarket trading after Trump said overnight that the company inked a new partnership with Apple to design and build chips in the U.S. The announcement comes after the U.S. government last August took a 10% stake in the embattled chipmaker, which has seen huge gains in the last few months following a multi-year slump.

Elsewhere in tech, SpaceX saw its first day of losses following its record IPO last week. The stock closed Wednesday's session down nearly 5% and is down another 3% before the bell.

5. Carolina blue?As Democrats hope to take control of the Senate this fall, they're eying former Democratic Gov. Roy Cooper's North Carolina Senate bid as one of their best shots at flipping a Republican-held seat.

But Democrats haven't been victorious in a presidential or Senate race in the Tar Heel State since 2008, despite coming out on top in gubernatorial elections in each of the last three presidential cycles. As CNBC's Luke Fountain reports, the state's long tradition of judging Raleigh and Washington by different rules could dampen the effect of Cooper's statewide strength.

"The question Republicans will frame this as is not whether voters liked Roy Cooper as governor," Eric Heberlig, a political scientist at the University of North Carolina at Charlotte, said. "It is whether they want another Democrat helping Chuck Schumer control the Senate."

The Daily Dividend

U.S. Global Investors (NASDAQ:GROW) said falling oil prices are providing a boost to airline stocks, pointing to gains in Delta Air Lines and United Airlines as carriers benefit from steady travel demand and lower fuel costs.

The investment advisory firm, which specializes in gold mining stocks and the airline industry, said oil prices trading below their 50-day moving average has historically signaled easing inflationary pressure and improving cost structures, particularly in commercial aviation. That technical breach has coincided with renewed optimism around airline profitability.

"We have long believed in the resilience of global air travel and the opportunities created by commodity cycles," said Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors (NASDAQ:GROW). "When oil prices drop below the 50-day moving average, it serves as a clear positive signal for tactical investors and traders. We see genuine fundamental improvement ahead, not just short-term sentiment."

The company tracks these dynamics through its specialized funds and Smart Beta 2.0 quantitative investment strategy. Its U.S. Global Jets ETF (NYSE: JETS) provides investors exposure to the global airline industry, including airline operators, manufacturers, and online travel agencies.

Separately, U.S. Global Investors (NASDAQ:GROW)' Board of Directors approved continued payment of monthly dividends of $0.0075 per share for July, August and September 2026. Based on the company's closing share price of $2.91 on June 16, 2026, the dividend represents an annualized yield of approximately 3.1%.

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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, Inc. (NYSE: SARO) (“StandardAero” or the “Company”), a leading independent pure-play provider of aerospace engine aftermarket services including engine maintenance, repair and overhaul (MRO) and engine component repair, announced today that S&P Global Ratings (“S&P”) recently upgraded the Company’s credit ratings based on its investments in strategic expansion, stable margin profile, consistent top line growth as well as positive cash flow expansion.

S&P raised its issuer credit rating on StandardAero to ‘BB’ from ‘BB-,’ while simultaneously raising its issue-level ratings on the Company’s senior secured debt to ‘BB’ from ‘BB-.’

“S&P Global Ratings’ recent upgrade reflects the strength of our competitive positioning and the sustained demand we are seeing across our global MRO ecosystem,” said Dan Satterfield, Chief Financial Officer for StandardAero. “Amid ongoing capacity constraints within the industry and sustained customer demand, our differentiated platform portfolio positions us to drive long-term growth, expand profitability, and deliver robust cash generation.”

The S&P credit rating upgrade follows Moody’s announcement in May 2026 that it was upgrading StandardAero’s corporate family rating, senior secured first lien term loan B1 and B2, and senior secured revolving credit facility.

StandardAero is a leading independent pure-play provider of aerospace engine aftermarket services for fixed- and rotary-wing aircraft, serving the commercial, military and business aviation end markets. StandardAero provides a comprehensive suite of critical, value-added aftermarket solutions, including engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero, go to www.standardaero.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. In some cases, you can identify forward-looking statements by the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will” or “would” and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. These statements include statements regarding our intentions, beliefs or current expectations concerning, among other things, the expected impact of S&P Global Ratings’ upgraded issuer credit rating and issue-level ratings for the Company, and our results of operations, financial condition, liquidity, prospects, growth and strategies. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Factors that could cause actual results to differ materially from those forward-looking statements include, among others, risks described in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other filings with the Securities and Exchange Commission. As a result of these factors, we cannot assure you that the forward-looking statements in this press release will prove to be accurate. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives or plans in any specified time frame or at all. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. Forward-looking statements speak only as of the date of this press release. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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Key Takeaways TXN and Lam Research both benefit from AI demand, but Texas Instruments offers the better risk-reward.TXN's data center revenues surged 90% in Q1 as demand rose for power management chips.Texas Instruments trades at a lower forward P/E than Lam Research, supporting its stronger value case. Texas Instruments Incorporated (TXN - Free Report) and Lam Research Corporation (LRCX - Free Report) are both important players in the semiconductor industry, but they operate in different parts of the supply chain. Texas Instruments focuses on analog and embedded chips used across industrial, automotive and data center applications, while Lam Research provides wafer fabrication equipment that enables chipmakers to manufacture advanced semiconductors.

Both companies are benefiting from the ongoing artificial intelligence (AI)-driven technology cycle and the broader recovery in semiconductor demand. However, investors must weigh growth prospects, profitability, risks and valuation to determine which stock offers the better opportunity today.

TXN: AI Boom and Manufacturing Strength Aid Stable GrowthTexas Instruments delivered a strong start to 2026, highlighting the benefits of its broad product portfolio and manufacturing strategy. First-quarter revenues increased 19% year over year to $4.83 billion, while earnings per share (EPS) rose 31% to $1.68.

Texas Instruments is seeing rising momentum in the data center market, which has become an important growth driver for the company. It does not compete directly in high-end AI graphics processors. Instead, it supplies analog and embedded chips that are essential for data center infrastructure. These chips help manage power delivery, battery backup systems, cooling equipment, motor controls, signal conversion and server connectivity. As modern data centers become larger and more power-intensive, the need for efficient power management solutions increases.

In 2025, Texas Instruments’ data center business reached an annual run rate of about $1.2 billion, growing more than 50% year over year. In the first quarter of 2026, revenues from the data center end market surged 90% year over year and 25% sequentially. As cloud and AI workloads continue to rise, Texas Instruments’ strong portfolio and manufacturing scale position it well to benefit from sustained demand for efficient, high-performance power solutions in data center infrastructure.

One of TXN’s biggest strengths is its manufacturing advantage. The company continues expanding its 300-millimeter wafer capacity, which supports lower production costs and stronger margins over time. In the first quarter, non-GAAP gross margin expanded 120 basis points (bps) year over year to 58%, while non-GAAP operating margin improved 490 bps to 37.5%.

Texas Instruments’ guidance for the second quarter suggests that the growth trajectory remains intact. TXN calls for second-quarter 2026 revenues in the range of $5.00-$5.40 billion. The Zacks Consensus Estimate for revenues is pegged at $5.22 billion, indicating year-over year growth of 17.4%. The company expects earnings per share between $1.77 and $2.05. The Zacks Consensus Estimate for earnings is pegged at $1.90, calling for year-over year growth of 34.8%. Estimates for second-quarter 2026 earnings have been revised upward by 22.6% in the past 60 days.

Lam Research Capitalizes on AI Spending WaveLam Research continues to benefit from rising AI-driven demand across NAND, DRAM and foundry markets. During the last earnings call, the company raised its 2026 wafer fabrication equipment (WFE) spending outlook to $140 billion from $135 billion, reflecting stronger customer spending across semiconductor segments.

In the company’s last reported financial results for the third quarter of fiscal 2026, total revenues rose 23.8% year over year to $5.84 billion and beat the Zacks Consensus Estimate by 1.3%, primarily driven by continued demand across the Systems and Customer Support Business Group segments. Lam Research’s non-GAAP EPS rose 41.3% year over year to $1.47 and surpassed the consensus estimate by 8.1%.

LRCX’s biggest strength lies in etch and deposition intensity tied to advanced AI chips and high-bandwidth memory. During the last earnings call, management highlighted that AI workloads are accelerating demand for higher-layer NAND and advanced DRAM nodes, areas where Lam Research has strong technological leadership. The company expects advanced packaging revenues to grow more than 50% in calendar year 2026. Its customer support business also crossed the $2 billion quarterly revenue mark for the first time, providing recurring revenue strength.

Margins are also improving steadily. Non-GAAP gross margin increased 20 basis points (bps) sequentially to 49.9% in the third quarter, while fourth-quarter guidance points to further expansion and reach 50.5%. Non-GAAP operating margin grew 70 bps quarter over quarter to 35% and is expected to reach 36.5% in the fourth quarter, supported by manufacturing efficiencies and strong product demand.

Lam Research’s fourth-quarter guidance indicates growth momentum will continue in the near term. For the fourth quarter of fiscal 2026, LRCX expects revenues to be $6.60 billion (+/- $400 million). The Zacks Consensus Estimate for revenues is pegged at $6.65 billion, indicating year-over-year growth of 28.7%. The company expects EPS of $1.65 (+/- $0.15) for the fourth quarter. The Zacks Consensus Estimate for earnings is pegged at $1.65, suggesting year-over-year growth of 24.1%. Estimates for third-quarter fiscal 2026 earnings have been revised upward by 14.6% in the past 60 days.

Valuation Comparison: TXN Holds the EdgeWhile both companies are benefiting from the AI boom, valuation is where Texas Instruments gains a meaningful advantage. TXN currently trades at a forward P/E multiple of 36.94, lower than LRCX’s 48.82. While Lam Research’s higher multiple reflects its stronger near-term growth outlook, investors are already paying a significant premium for that growth.

Image Source: Zacks Investment Research

LRCX has clearly outperformed in 2026, with shares gaining 121.3% year to date compared with TXN’s 74.4% increase. However, the stronger rally also raises the possibility that much of the AI-driven optimism is already reflected in Lam Research’s stock price. Texas Instruments offers exposure to industrial automation, automotive electronics and data center growth while trading at a more reasonable valuation.

Image Source: Zacks Investment Research

Conclusion: TXN Seems a Better Bet Right NowBoth Texas Instruments and Lam Research remain attractive semiconductor investments with strong long-term prospects. Lam Research offers faster near-term growth and stands to benefit directly from rising semiconductor equipment spending driven by AI. However, that opportunity comes with greater exposure to industry spending cycles and a much richer valuation.

Texas Instruments offers a more balanced investment case. The company is benefiting from AI-related data center growth, strengthening industrial demand and a long-term manufacturing strategy that should continue to improve margins. Combined with its lower valuation and more diversified end markets, TXN provides a better mix of growth, stability and value. For investors seeking the stronger risk-reward opportunity today, Texas Instruments appears to be the better investment.

Texas Instruments sports a Zacks Rank #1 (Strong Buy) at present, while Lam Research carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.