Cerebras Systems CEO Andrew Feldman said Wednesday that investors "misunderstood" the artificial intelligence chipmaker's margin guidance, as shares slid 17% after the company reported results for the first time since going public.
Analysts at Mizuho and Wedbush raised their estimates following Cerebras' earnings call. But the company forecasted a narrower gross margin in its core business, excluding impact from customer warrants and data center pass-through revenues. The number was 47% for the first quarter, and it should be between 38% and 41% for the full year.
"It is misunderstood," Feldman said on CNBC's Squawk on the Street. "You know, we laid out a plan at the start of '26. We shared that plan as we went public a few months ago, and we're beating that plan."
He said management made clear that Cerebras will need to rent back some equipment from one of its largest clients.
"I think it's not going to be a straight line," he said.
Read more CNBC tech newsGoogle's online dominance is showing signs of cracking in AI eraOracle has cut 21,000 roles over the past year, adding to wave of tech AI layoffsTesla faces federal probe after Model 3 slams into Texas home, killing 76-year-oldSpaceX signs computing power deal with open-source AI startup Reflection worth up to $6.3 billionInvestors also must contend with Cerebras insiders being subject to a staggered timeline for lock-up restrictions. That includes about 28 million Class A Cerebras shares that directors, officers and non-employee shareholders can trade on the second trading day after Tuesday's earnings announcement, according to the company's prospectus.
The point was to smooth out the schedule, which typically comes after a set number of months after an initial public offering, Feldman said.
"Whether that's a success or not, we'll have to see," he told CNBC's Carl Quintanilla and Leslie Picker.
Rivals such as Nvidia are confronting supply shortages in high-bandwidth memory and a cutting-edge process from Taiwan Semiconductor Manufacturing Co., but Cerebras doesn't need either of those, Feldman said.
Cerebras is, however, facing pressure to open more data centers, as are cloud infrastructure providers, while public opposition mounts and permitting processes can drag on.
"We're trying to move at the speed of AI, and data centers move with the speed of real estate," Feldman said.
SpaceX čeká první uvolnění akcií koncem července nebo začátkem srpna, kdy mohou insideri a raní investoři začít prodávat. To může zvýšit tlak na pokles po přehřátém růstu po vstupu na burzu.
SpaceX (SPCX 0.05%) has taken investors on a wild ride since its June 12 IPO. The aerospace and AI company went public at $135 per share, started trading at $150, and soared to a record high of $225.64 on June 16. But as of this writing, it trades at about $160.
SpaceX's stock pulled back because its valuation had gotten overheated. At its peak, its market cap briefly hit $2.66 trillion, or 142 times its 2025 revenue of $18.7 billion. It also only floated about 4% of its shares in its IPO, and that limited supply amplified its gains.
Image source: Getty Images.
Yet after that pullback, SpaceX is still worth $2.06 trillion, or 110 times last year's sales. That's a bubbly valuation for a company that grew its revenue by 33% in 2025. While market hype and rosy expectations could prevent its stock from dipping below its IPO price, it could face a reckoning once its lockup periods start to expire in about a month.
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When will SpaceX's lockup periods expire? When a company goes public, its insiders, early investors, and institutional investors are barred from selling their shares immediately. Instead, they generally need to wait until the traditional 180-day "lockup period" ends before they can sell those shares.
However, that's not a firm rule -- so companies can structure their lockup periods in different ways. Instead of waiting for 180 days, SpaceX will allow its insiders and early investors to sell their shares in several waves. The first wave will occur on the second trading day after its second-quarter earnings report in late July or early August.
On that day, SpaceX will unlock 20% of its shares held by its employees and early pre-IPO holders. If its stock closed at or above $175.50 per share for at least five of the ten consecutive days before the earnings release, it will unlock another 10% of its shares. It will continue to unlock 7% of its shares on Aug. 20, Sept. 9, Sept. 24, Oct. 9, and Oct. 24.
On the second trading day after its third-quarter earnings report in late October or early November, it will unlock 28% of its shares. On Dec. 8, it will unlock all of its remaining shares.
Why should investors watch these dates? SpaceX's stock could decline on those lockup dates as its insiders and early investors cash out. That selling could make it much easier and cheaper to short the stock. Therefore, if you believe SpaceX has a bright future but don't want to pay the wrong price for the right stock, those lockup expirations could create some good buying opportunities.
Zoox představila přepracovaný robotaxi a chystá širší rozšíření v USA i zpoplatnění jízd později letos. Firma zároveň plánuje velkosériovou výrobu v oblasti Bay Area.
Amazon's Zoox unveiled the "next evolution" of its toaster-shaped self-driving vehicle on Wednesday, adding more rider-friendly features ahead of a wider U.S. rollout this year.
The company said it's equipping the vehicles with higher-quality touchscreens, more comfortable seats and headrests, and small interior tweaks that will make it easier for passengers to spot forgotten items like keys and phones.
Zoox is also enlarging and relocating the robotaxi's "bidirectional reflectors," which help riders and others such as law enforcement distinguish the vehicle's front from its rear, so that they're easier to spot.
The updates come as Zoox is plotting expansion in additional markets and preparing to charge for rides later this year. The company, which Amazon acquired for $1.3 billion in 2020, is way behind Alphabet's Waymo, the U.S. robotaxi leader.
Waymo recently surpassed 500,000 weekly paid rides across 10 U.S. cities. It also plans to bring commercial service to several new cities this year, including London and Tokyo, the first international markets. By comparison, Zoox said Wednesday it has served more than 500,000 riders since it opened service in Las Vegas last September.
Zoox currently offers free rides in parts of Las Vegas and San Francisco, and it's allowing select users to hail its robotaxis in small areas in Miami and Austin, Texas. It's also testing in six other U.S. cities.
In March, Zoox struck a partnership with Uber to make its robotaxis available through its ride-hailing app in Las Vegas, enabling it to reach a wider potential customer base.
The Zoox robotaxis have been nicknamed "toasters" due to their shape. The vehicles have no steering wheel or pedals, and feature four carriage-style seats that face inward, giving them a shuttle-like atmosphere.
Zoox's biggest hurdle remains launching a paid service. The company is awaiting approval from the National Highway Traffic Safety Administration to operate as many as 2,500 of its self-driving cars on public roads for commercial purposes.
Zoox's petition is currently under review by NHTSA after public comments closed in early April.
Zoox said Wednesday that the redesigned robotaxi is its "production intent vehicle," and the company expects to introduce the model to its existing fleet later this year.
The company added that it will soon begin large-scale production of its robotaxis at its manufacturing facility in the San Francisco Bay Area that opened last June. The facility will help Zoox grow its robotaxi fleet, eventually producing 10,000 vehicles a year once it's at full scale.
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Read more CNBC tech newsGoogle's online dominance is showing signs of cracking in AI eraOracle has cut 21,000 roles over the past year, adding to wave of tech AI layoffsTesla faces federal probe after Model 3 slams into Texas home, killing 76-year-oldSpaceX signs computing power deal with open-source AI startup Reflection worth up to $6.3 billion
Amazon klesá kvůli zprávě, že FTC připravila žalobu kvůli údajnému klamání inzerentů skrytým nastavením cenotvorby reklamy. Akcie jsou zhruba o více než 16 % pod historickým maximem z minulého měsíce.
Shares of Amazon.com NASDAQ: AMZN started this week on the back foot, trading down around $230, their lowest level since early April. The stock has been going through a tough patch and is now down more than 16% from the all-time high it hit last month.
Amazon.com Today
$240.00 +5.89 (+2.51%)
As of 12:53 PM Eastern
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52-Week Range$196.00▼
$278.56P/E Ratio28.75
Price Target$312.78
What makes the current pullback particularly worrying is the divergence from the rest of the market and the broader tech sector, with much of which has been holding on to most of its recent gains. When a stock starts trading out of sync with its peers, it usually tells you something specific is weighing on it.
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In Amazon's case, that something has just become a lot clearer. It was reported last week that the Federal Trade Commission (FTC) has drafted a potential complaint against the company, alleging it misled advertisers through hidden ad pricing practices, and the penalty could run into the billions.
This isn’t the first time that Amazon has run afoul of the FTC, and if recent history is anything to go by, investors are right to be worried. The question is how much?
What the FTC Is Actually Looking AtAt the heart of the investigation is whether Amazon properly disclosed the terms and pricing of its advertising auctions, particularly a feature called "reserve pricing" for certain search ads. In simple terms, that's the minimum price an advertiser has to accept before they're able to buy an ad. The argument is that Amazon didn't make these mechanics fully clear, leaving advertisers paying more than they otherwise might have.
It's worth noting that this isn't an entirely new line of inquiry. The FTC's consumer protection unit has been looking into whether both Amazon and Alphabet NASDAQ: GOOGL misled advertisers placing ads on their respective platforms for some time now. What's changed is that the investigation into Amazon has now reportedly progressed to the point where a formal complaint has been drafted, which is a meaningful step up the regulatory ladder, and this is clearly spooking investors.
Amazon Has Been Here BeforeWhat makes this story particularly relevant for Amazon’s investors is the recent history. Just last September, the FTC secured a historic $2.5 billion settlement against Amazon over allegations that it had enrolled millions of consumers in its Prime program without their consent and made it deliberately difficult for them to cancel. A settlement of that scale makes it very clear just what the FTC thinks it can extract when it sets its sights on Amazon.
For the latest investigation, it’s a useful reference point for thinking about the worst-case scenario. If the FTC was able to secure $2.5 billion in penalties and refunds for the Prime enrollment issue, the potential downside from a misleading-advertisers complaint could be similar, or even larger, given the size and complexity of Amazon's advertising business.
Even for a company of Amazon's scale, that would be a significant amount of money, and it’d come at a time when Amazon’s outgoings are already under the microscope.
A Worrying Near-Term SetupFrom that perspective, this update from the FTC couldn't really have come at a worse moment for Amazon's stock. As we've covered recently, the company has been grappling with a free cash flow squeeze from its enormous AI capital expenditure commitments, a high-profile Blue Origin rocket explosion that set back its satellite ambitions, and a broader cooling in sentiment across mega-cap tech. Adding regulatory uncertainty to that pile is the kind of thing that can keep a stock under pressure for longer than the underlying business deserves.
There’s also the risk that while an eventual settlement could come this summer, it could also just as easily turn into a drawn-out legal battle that dominates the headlines for many quarters to come. Neither of those is ideal for shareholders who have been waiting for the stock to find its footing.
The Long-Term Bull Case Hasn't ChangedOverall MarketRank™99th Percentile
Analyst RatingModerate Buy
Upside/Downside29.3% Upside
Short Interest LevelHealthy
Dividend StrengthWeak
News Sentiment0.99 Insider TradingSelling Shares
Proj. Earnings Growth29.96%
See Full Analysis
Still, for those willing to look beyond the next few months, the long-term case for Amazon remains as strong as ever. AWS continues to grow at a remarkable pace and is increasingly central to the AI infrastructure buildout. The advertising business itself, the very thing now under scrutiny, is one of the fastest-growing high-margin revenue streams in the company. The deepening Anthropic relationship and the wave of analyst price targets sitting comfortably above $300 all speak to a long-term picture that an FTC complaint, even a multi-billion-dollar one, doesn't materially change.
The current weakness is uncomfortable, no question, and the near term could get worse before it gets better. But Amazon has a long history of absorbing regulatory blows and compounding value over time. For those willing to pinch their noses in the near term, this weakness could be a gift in the long term.
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Amazon rozšířil Bedrock o modely OpenAI a spravované agenty, aby podpořil firemní nasazení AI. V 1. čtvrtletí 2026 vzrostly výdaje zákazníků na Bedrock mezikvartálně o 170 % a platformu využívá více než 125 000 zákazníků.
Key Takeaways Amazon expanded Bedrock with OpenAI models and managed agents to support enterprise AI deployments.AMZN's Bedrock spending rose 170% sequentially in Q1 2026, serving 125,000 customers.Nearly 80% of Fortune 100 companies are leveraging Bedrock for AI initiatives. Amazon (AMZN - Free Report) continues to build out the Bedrock ecosystem as enterprises move from AI experimentation toward larger-scale deployments. As companies look to integrate generative AI into customer engagement, software development and business operations, Bedrock is positioned as one of the platforms within Amazon Web Services (AWS) supporting this transition.
The company's approach centers on offering enterprises model choice, scalable infrastructure and tools intended to simplify the deployment of AI applications. Additions to Bedrock, including OpenAI models and managed agent capabilities, have strengthened the platform's capacity to support a wider range of enterprise workloads. These additions are intended to help organizations build and deploy AI applications while addressing security, reliability and operational requirements at scale.
Customer adoption trends suggest that enterprise demand is strengthening. Bedrock customer spending increased 170% sequentially in the first quarter of 2026, while token processing volumes during the quarter exceeded the cumulative total from all prior years. The platform is being used by over 125,000 customers, with nearly 80% of Fortune 100 companies leveraging Bedrock. These figures suggest a shift from initial testing toward broader integration into business workflows for at least some enterprise customers.
The growing adoption of Bedrock is expected to have broader implications for AWS. As enterprises scale AI deployments, demand often extends beyond AI models to include compute, storage, databases and analytics services. This creates opportunities for AWS to benefit from both AI-related spending and the expanding consumption of its core cloud offerings. AWS revenues increased 28% year over year to $37.6 billion in the first quarter. As enterprise AI adoption continues to mature, Bedrock's expanding ecosystem is likely to remain an important catalyst for AWS growth and the broader enterprise AI landscape.
AMZN Faces Stiff CompetitionAmazon is competing aggressively with Microsoft (MSFT - Free Report) and Alphabet (GOOGL - Free Report) for enterprise AI workloads. Microsoft has benefited from its close OpenAI relationship, integrating advanced models across Azure AI services and enterprise software offerings. Alphabet has been expanding Gemini and Vertex AI to help enterprises build and deploy AI applications on Google Cloud.
While Microsoft and Alphabet emphasize proprietary model ecosystems, Amazon's Bedrock strategy is centered on offering enterprises access to multiple leading foundation models through a single managed platform. This model choice, combined with AWS' broad cloud infrastructure portfolio, could help Amazon attract organizations seeking flexibility as enterprise AI adoption moves from experimentation to large-scale production deployments.
AMZN’s Share Price Performance, Valuation & EstimatesAmazon shares have jumped 1.4% in the year to date (YTD) period compared with the Zacks Internet – Commerce industry and the Zacks Retail-Wholesale sector’s decline of 6.3% and 2.3%, respectively.
AMZN’s YTD Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, AMZN stock appears overvalued, trading at a forward 12-month price/earnings ratio of 24.88X, higher than the industry’s 20.71X. Amazon has a Value Score of D.
AMZN’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for AMZN’s 2026 earnings is pegged at $8.85 per share, indicating a 23.43% increase from the figure reported in the year-ago quarter.
Amazon currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Meta a Microsoft výrazně navýšily závazky za pronájem datových center, čímž celkové budoucí závazky největších cloudových firem přesáhly 850 miliard USD. Meta přidala 79 miliard USD a Microsoft více než 41 miliard USD.
Meta and Microsoft are leading the pack of tech giants that are shoveling money into artificial intelligence data-center leases – each committing tens of billions of dollars in their most recent quarters, according to a report.
The new agreements helped lift total future data-center lease commitments among the largest cloud-computing companies to more than $850 billion, Bloomberg reported.
The obligations have continued to rise over the past year as tech firms build out server farms to power an expected boom in AI use in coming years.
Tech giants are ramping up spending on power hungry server farms to power AI. Bloomberg via Getty Images
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., seen wearing Orion augmented reality (AR) glasses. Bloomberg via Getty Images The lease commitments will largely be paid out over the next two decades, meaning spending on data center necessities like semiconductors and energy show no signs of slowing in the face backlash from some parts of the country.
Meta accounted for the biggest increase in data-center investment.
As of March 31, it had reportedly accumulated $182.9 billion in future lease obligations after adding $79 billion during the quarter – a 76% spike from the prior period.
Meta CEO Mark Zuckerberg has said he intends to invest hundreds of billions of dollars in AI infrastructure before the decade ends.
Microsoft’s future lease commitments rose by more than $41 billion, reaching $196.6 billion, according to Bloomberg. The company has been constrained by limited data-center capacity after scaling back its leasing through much of 2025.
Earlier this week, Microsoft unveiled a massive data center development in west Texas in partnership with Chevron.
Microsoft Chairman and CEO Satya Nadella speaks during a keynote address. Getty Images Amazon also ramped up its future lease obligations, reportedly committing $10 billion during the quarter, less than half the amount added in the prior quarter.
As of March 31, Meta had accumulated $182.9 billion in future lease obligations after adding $79 billion during the quarter Askar – stock.adobe.com Oracle was one of the few exceptions to the trend. Its future lease commitments edged lower from the previous quarter.
Even so, the company remains the largest holder of future spending commitments after previously securing many of the large sites needed to support a major contract with OpenAI.
The obligations, which are separate from current leases, typically stay off balance sheets until payments begin. Although they are mainly associated with data centers, they may also cover properties such as office buildings and warehouses. Certain agreements include provisions that can relieve companies of future obligations under specified circumstances.
The Post has sought comment from Amazon, Meta and Microsoft.
Kritika v časopise Nature tvrdí, že Microsoftův údajný průlom v kvantových počítačích stál na chybách v kódu a vadném testovacím postupu. Analýza zároveň zpochybňuje jeho tvrzení o praktickém kvantovém výpočtu během „několika let“.
Impact of coding artefacts on transport based topological gap detection. Credit: Nature (2026). DOI: 10.1038/s41586-026-10567-8 A critique from the University of St Andrews published in the journal Nature provides evidence that Microsoft's claimed quantum computing "breakthrough" was built on flawed foundations.
The critique, a comment on Microsoft's Nature paper from February 2025, comes after Microsoft's announcement of quantum chips that it claims will allow practical quantum computing within "years not decades." In contrast, the analysis by Dr. Henry Legg, from the St Andrews School of Physics and Astronomy, reveals that Microsoft's claim rested on coding errors and a flawed tuneup protocol and was seemingly contradicted by data not presented by Microsoft.
Dr. Legg said, "Last year Microsoft claimed it had built the equivalent of a precision Swiss watch. However, when I opened the case to examine the mechanism, I found what looked like a chaotic jumble of mismatched parts. Something was making noise, but it didn't look like the breakthrough Microsoft had claimed. Despite the headlines, the vast majority of scientists in the field were skeptical of Microsoft's claim from the start; my critique simply backs up that skepticism in the scientific record."
Quantum computers are predicted to solve complex problems that are impossible for current computers. It is claimed that they can discover new drugs, optimize global logistics and crack encryption. However, quantum states are incredibly fragile, prone to collapsing at the slightest interference from the outside world. To solve this, Microsoft bet heavily on a unique approach called "topological quantum computing." It aims to harness elusive particles called Majoranas to create qubits that are supposed to be immune to outside interference.
However, the existence of Majoranas remains unproven, and Microsoft's pursuit of this technology has faced major credibility issues before. In 2021, researchers funded by the company were forced to retract a previous Nature paper that claimed to have found evidence of Majoranas. The authors of that paper apologized for "insufficient scientific rigor."
The Topological Gap Protocol (TGP) was supposedly Microsoft's answer to these past failures—an automated software test designed to eliminate human bias and prevent false positives. Yet today's peer-reviewed critique provides evidence that this protocol is itself flawed. Legg's analysis reveals severe issues with how Microsoft used the TGP to validate its devices:
Simply shifting measurement windows can alter the protocol's outcome. This causes Microsoft's software to classify the exact same device region as either suitable for quantum computing ("gapped") or not suitable ("gapless") simply because of arbitrary measurement choices. Microsoft presented only the favorable outcomes of the protocol in its Nature publication. Contradictory results, where the TGP classified the purportedly successful regions as not suitable for quantum computing, were not shown. Coding errors in Microsoft's data processing caused it to omit and completely miss exploring other critical regions of the device's phase space, despite the explicit requests of peer reviewers for these checks. The raw conductance data, which Microsoft did not present in its original paper, reveals a highly disordered system. Instead of the pristine topological gap required for quantum computing, the data appears to show signatures of disorder and non-topological "quantum dots" that could explain Microsoft's measurements. This case highlights how rigorous scientific analysis can challenge even the largest technology corporations.
Legg concluded, "I am simply reflecting what most in the field felt from the initial announcement. I felt that I needed to put these concerns into a formal scientific critique. It is good that it has now been peer-reviewed and published."
Publication details Henry Legg, On the robustness of topological gap detection via transport, Nature (2026). DOI: 10.1038/s41586-026-10567-8. www.nature.com/articles/s41586-026-10567-8
Journal information: Nature
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Citation: Critique challenges Microsoft's quantum computing claims (2026, June 24) retrieved 24 June 2026 from https://techxplore.com/news/2026-06-microsoft-quantum.html
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NIKE uvedla, že do výsledků za 4Q zahrne nečekaný jednorázový přínos z vrácení cel. Bez něj má zisk na akcii odpovídat dřívějšímu výhledu, nikoli jej překonat.
NIKE NKE shares are trading lower despite announcing that its Q4 results will include an unexpected tariff-refund benefit. However, the company clarified that, excluding this one-time benefit, Q4 results are expected to align with previous guidance rather than exceed it. Additionally, NIKE is set for a CFO transition, with David Denton stepping in on August 17, while current CFO Matthew Friend will assist until September 4. This transition adds another layer of complexity as investors weigh the short-term earnings benefit against ongoing leadership changes during a prolonged turnaround period.
Guidance Quality: NIKE's previous Q4 outlook estimated revenue between $10.65 billion and $10.87 billion, reflecting a decline of 2% to 4%, with gross margin expected to decrease by 25 to 75 basis points year-over-year. The new update does not alter this framework but adds an unquantified tariff-refund benefit. Underlying Sales Read: The prior Q4 revenue guidance included a 2-point FX benefit, indicating that the constant-currency demand remains weaker than the reported decline suggests. Turnaround Shape: Management is focusing on achieving milestones, aiming to complete "Win Now" actions by the end of calendar 2026, with gross margin expansion expected to begin in Q2 2027 and cost-reset benefits to accumulate through fiscal 2028. What is Working: North America is a bright spot, with Q3 revenue increasing by 3% and wholesale up 11%, although recovery remains uneven as Direct sales fell by 5% and Digital declined by 7%. What is Still Weak: Digital remains overly promotional globally, sportswear sales continue to struggle, Converse faced a 35% revenue decline in Q3, and Greater China is expected to remain under pressure due to reduced sell-in and marketplace cleanup. Leadership Transition: The CFO change is not linked to any disputes, and Denton brings valuable experience from CVS Health CVS and Lowe's LOW , providing CEO Elliott Hill with a finance partner skilled in cost discipline and capital allocation.The recent update from NIKE NKE offers a clearer Q4 outlook but does not address larger concerns regarding demand quality, promotional activities, and the timeline for a sustainable margin recovery. The upcoming report on June 30 will be crucial in assessing the underlying business quality, including full-price selling, inventory management, digital promotions, and whether improvements in North America's wholesale sector are translating into a healthier direct business. The CFO transition is significant, as it introduces a new finance partner during this critical reset phase, but Denton's impact will likely unfold over several quarters. A key test will be NIKE's ability to transform its milestone-based turnaround plan into a credible earnings strategy for FY27 and FY28, making the fall Investor Day a pivotal moment for establishing a more sustainable margin recovery framework.
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].
BofA ponechává u Nike doporučení Neutral a čeká, že investoři se zaměří hlavně na výhled, ne na čtvrtletní výsledky. Zmiňuje nejisté oživení tržeb, hlavně v Číně a Evropě.
In a research note released Wednesday, Bank of America Securities (BofA) maintained its Neutral rating on the footwear giant with a price forecast of $55.
Analyst Lorraine Hutchinson said investors are expected to focus more on Nike’s forward guidance than on its fourth-quarter performance.
The firm maintained a Neutral rating, saying earnings estimates appear to be nearing a bottom, but the timing of a sustained sales recovery remains uncertain amid China’s reset, sportswear category normalization, and volatile macroeconomic conditions.
While product innovation and North America remain bright spots, BofA said visibility on a sales rebound in China and stabilization in Europe is less clear.
Leadership Transition and Tariff BoostsNike announced David Denton will join the company as chief financial officer, effective August 17, bringing public company expertise from prior CFO roles at Pfizer, Lowe’s and CVS Health. Matt Friend will step down concurrently with Denton’s appointment.
The analyst noted that fourth-quarter results will benefit from a one-time tariff refund. Excluding this benefit, projected performance remains broadly in line with prior company guidance.
BofA models fourth-quarter earnings per share at 11 cents, matching consensus expectations, based on an estimated 3% decline in quarterly revenue.
Wholesale Performance Under MonitoringBofA indicators suggest that slower-than-expected wholesale sell-through continues to warrant caution following management commentary during the third-quarter conference call.
Analysts look for updates on wholesale trends, citing risks that prolonged weakness could lead to elevated discounting, product buybacks, or reduced reorders.
Additional headwind exposure remains for North American sales trends heading into the second quarter of fiscal 2027, as Nike laps a prior 24% wholesale growth period driven by off-price channel inventory.
Near-Term Softness Expected in ChinaThe research firm projects a sharper slowdown in the Greater China region, modeling a 20% decline in fourth-quarter sales. According to the note, Nike continues to pull back on digital promotions and reduce wholesale sell-in within the region.
Valuation and Outlook Inflection TimelineNike trades at a forward price-to-earnings multiple of 22.6 times, down from 31 times prior to the previous quarterly earnings release.
While BofA acknowledged encouraging early indicators within the running category and stable North American demand, the firm anticipates a definitive sales inflection remains several quarters away, limiting immediate opportunities for multiple expansion.
Gross margin improvements are projected to begin expanding in the second quarter of fiscal 2027 as tariff impacts subside.
Nike Earnings EstimatesNike is scheduled to report its fourth-quarter earnings on June 30. Analysts expect earnings per share of 12 cents and revenue of $10.85 billion, according to Benzinga.
In the third quarter, Nike reported earnings per share of 35 cents, surpassing analyst estimates of 28 cents. Revenue came in at $11.28 billion, ahead of the consensus estimate of $11.23 billion.
Nike has exceeded earnings-per-share estimates in each of the past eight consecutive quarters.
NKE Stock Price Activity: Nike shares were down 0.99% at $41.96 at the time of publication on Wednesday, according to Benzinga Pro data.
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
NVIDIA dál zrychluje růst: tržby datového centra dosáhly 75,25 miliardy USD a firma čeká ve 2Q FY27 tržby 91 miliard USD. Zároveň zvýšila dividendu z 0,01 na 0,25 USD na akcii a schválila další odkup akcií za 80 miliard USD.
I keep buying NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) because every quarter the company reports, the math behind my thesis gets stronger. That is the whole confession. I have been adding on every pullback this year, including the 4.13% drop on June 23 that pushed shares back to $200.04, and I plan to keep doing it through the back half of 2026. Here is why.
The core thesis in human terms Jensen Huang calls what is happening right now “the largest infrastructure expansion in human history.” I think he is right, and I think NVIDIA sits at the toll booth. Every hyperscaler, sovereign, neocloud, and enterprise that wants to train or serve a frontier model has to come through this company’s stack. That is a structural position I want to own for the next decade.
Three reasons the thesis holds Reason one: the growth curve is accelerating. Revenue growth has gone +55.6% in Q2, +62.5% in Q3, +73.2% in Q4, and +85.2% in Q1 FY27. Data Center revenue hit $75.25 billion last quarter, up 92% year over year, with networking inside that segment growing 199%.
Management guided Q2 FY27 to $91 billion, and they have beaten the prior two guides by billions. Total supply commitments now sit at $119 billion. That is locked-in demand visibility.
Reason two: margins and cash returns are doing the work. Non-GAAP gross margin printed at 75%. Free cash flow last quarter was $48.55 billion, up 85.41%. The board raised the dividend from $0.01 to $0.25 per share and authorized an additional $80 billion buyback on top of $38.5 billion still available.
Roughly $20 billion came back to shareholders in a single quarter. That is a capital return program I want compounding alongside my position.
Reason three: the moat keeps widening. The customer list reads like the entire AI economy: Meta committing to millions of Blackwell and Rubin GPUs, OpenAI on 10 gigawatts, Anthropic on 1 gigawatt, CoreWeave on 5+ gigawatts by 2030.
Four straight EPS beats, with last quarter at $1.87 against a $1.7738 consensus. And the valuation looks reasonable for this growth rate: forward P/E of 24, PEG of 0.642, against a market cap near $5.05 trillion.
The real risk China. NVIDIA shipped zero H20 compute products to China last quarter, against $4.6 billion in the year-ago quarter. The Q2 FY27 guide assumes no Data Center compute revenue from China at all. That is a real hole in the business that export restrictions could keep open indefinitely.
What keeps me buying anyway: the company guided to $91 billion with that revenue already zeroed out, and growth is still accelerating. The thesis holds even with China taken to zero.
What keeps the buy button active Wall Street consensus target sits at $298.93 from 58 buys against 1 sell. Forward P/E of 24. A dividend that just jumped 25x. A buyback authorization with no expiration. An installed base running every cloud and every frontier model.
I own NVIDIA because the AI factory buildout is a multi-year story and the company collecting the toll is also returning cash and compounding margins while it grows. I will keep buying for as long as the receipts say I should.
Nvidia se drží nad hranicí 200 USD, zatímco investoři řeší ocenění a slabší výkon vůči širšímu polovodičovému trhu. Zájem podporuje i prudký růst cen jejích AI čipů na čínském černém trhu, které za posledních šest měsíců více než zdvojnásobily.
Nvidia NVDA shares edged higher on Wednesday as the chipmaker stabilized following a broader semiconductor-sector selloff, with market participants assessing whether the stock is establishing a new trading range.
Despite recent volatility, the stock has largely held above the psychologically important $200 level since breaking out of its previous range in April.
The move comes as investors weigh Nvidia’s relative underperformance against the broader semiconductor sector.
The stock is up 7.3% so far this year, compared with a roughly 90% gain for the PHLX Semiconductor Index over the same period.
Still, technical and valuation signals suggest some support for the stock at current levels.
Nvidia has only briefly fallen below $200 in recent months and has tended to rebound on dips around that level.
The company is trading at a forward price-to-earnings ratio of 19.34 times, according to FactSet, slightly below the S&P 500 average of 20.77 times.
Analysts suggest this valuation could attract investors looking for relative value, potentially limiting further downside.
Nvidia is also returning significant capital to shareholders through dividends and buybacks, distributing about 50% of free cash flow.
Based on expected free cash flow of $195.35 billion in 2026, the company could return more than $97 billion to investors.
However, expectations for a sustained breakout remain tied to product cycle developments.
Investors are watching the rollout of Nvidia’s next-generation Vera Rubin chips, which are expected to enter the market in the second half of the year.
Market participants say the company will need to demonstrate continued dominance in artificial intelligence hardware to drive the next leg higher.
Nvidia’s AI chips have seen sharply higher prices on China’s black market, more than doubling over the past six months, according to a Financial Times report.
The increase comes amid tighter US enforcement of export controls restricting access to advanced semiconductors.
The DGX B300 server, which contains eight Blackwell graphics processing units, has risen in price to more than 8 million yuan ($1.1 million), up from around 4 million yuan, based on interviews with Chinese chip traders.
The system typically sells for about $400,000 in the United States.
Similarly, the RTX 6000 Pro workstation chip, used in large language model development, has increased from roughly 50,000 yuan at the start of the year to as much as 130,000 yuan, according to the report.
Both products are subject to US export restrictions on sales to China.
The surge in unofficial pricing follows a series of enforcement actions.
In March, a Supermicro co-founder, along with a Taiwan-based employee and a contractor, was charged with allegedly smuggling $2.5 billion worth of Nvidia AI servers to Chinese customers in what is described as the largest US enforcement case related to AI chip exports.
Starbucks uvedl, že doručování v jeho americkém vlastněném byznysu letos vzrostlo o více než 30 % a ve 2. čtvrtletí fiskálního roku 2026 přispělo k růstu srovnatelných tržeb i transakcí. V USA tržby na srovnatelné bázi stouply o 7,1 %.
Key Takeaways SBUX said delivery has grown more than 30% YTD across its U.S. company-operated business.SBUX reported 7.1% U.S. comparable sales growth in Q2 FY26, driven by transaction growth of more than 4%.SBUX is expanding delivery alongside cafes, drive-thrus and mobile pickup to broaden customer access. Starbucks Corporation (SBUX - Free Report) is seeing delivery become a more visible comp-growth lever as the company broadens customer access across its U.S. store base. During the second quarter of fiscal 2026, delivery contributed to both comp ticket and transaction growth, underscoring its role as a measurable access-point gain within the Back to Starbucks recovery.
The momentum follows Starbucks’ expansion of delivery access across its U.S. company-operated portfolio last fiscal year. The company stated that delivery has proven to be a largely incremental revenue stream, growing more than 30% year to date (YTD) across its U.S. company-operated business. The delivery growth strengthens Starbucks’ access-point strategy, adding an incremental demand channel alongside cafés, drive-thrus and mobile pickup.
The broader U.S. comp recovery provides a stronger base for delivery to scale. In the fiscal second quarter, U.S. comparable sales rose 7.1%, led by transaction growth of more than 4%. Starbucks also reported transaction growth across all dayparts in its U.S. company-operated business, with mornings roughly back to fiscal 2022 levels. This improving traffic backdrop gives the company a stronger foundation to expand delivery as part of its broader access-point strategy.
The opportunity is tied to execution. As Starbucks improves staffing, scheduling and order sequencing, it is trying to support higher volumes across cafés, drive-thrus, mobile order pickup and delivery while keeping service times on target. Customer service times remained on target despite higher transaction volumes, while upcoming scheduled ordering is expected to bring more predictability to mobile order flow.
Delivery’s role in Starbucks’ U.S. growth story will likely depend on whether it can keep the channel incremental while preserving service execution. If the company sustains delivery momentum while maintaining operating discipline, the channel could become a more durable U.S. comp lever within the broader Back to Starbucks strategy.
How Starbucks Stacks Up to CompetitorsDutch Bros Inc. (BROS - Free Report) provides a relevant benchmark because it is also expanding beverage occasions through digital access, rewards engagement and menu innovation. Order ahead reached approximately 15% of the total transaction mix in the first quarter of 2026, while Dutch Rewards accounted for 74% of transactions. BROS is also using food attachment and energy innovation, including Myst Energy Refreshers, to support frequency and transaction growth.
McDonald’s Corporation (MCD - Free Report) offers a broader scale comparison, as it is using value, marketing and beverage innovation to drive traffic across dayparts. In the first quarter, U.S. comparable sales rose 3.9%, supported by value platforms, meal deals and menu activity. MCD also expanded its McCafe beverage platform with refreshers and crafted sodas, with additional flavors and Red Bull-infused energy drinks planned during the year.
Against this backdrop, Starbucks’ positioning depends on whether delivery can remain incremental while service execution holds. BROS is leaning on order ahead, rewards, food and customized energy to build frequency, while MCD is using value, scale and beverage innovation to reinforce traffic. Starbucks’ differentiation lies in using delivery as a measurable access-point lever, with the channel already contributing to ticket and transaction growth and growing more than 30% year to date across U.S. company-operated stores.
SBUX’s Price Performance, Valuation & EstimatesShares of Starbucks have gained 10.4% in the past year against the industry’s 8.9% decline.
SBUX’s One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, SBUX trades at a forward price-to-sales (P/S) multiple of 2.90, below the industry’s average of 3.24.
SBUX’s P/S Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for SBUX’s fiscal 2026 earnings per share (EPS) implies a year-over-year increase of 12.7%. The EPS estimates for fiscal 2026 have increased in the past 60 days.
EPS Trend of SBUX Stock
Image Source: Zacks Investment Research
SBUX’s Zacks RankSBUX stock currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Qualcomm po 8,01% propadu uzavřela na 204,13 USD, zatímco model jí dává cílovou cenu 278,13 USD, tedy 36,25% potenciál růstu. Firma zároveň ve 2Q FY26 překonala odhady tržbami 10,60 mld. USD a non-GAAP EPS 2,65 USD.
Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) shares have whipsawed into the chipmaker’s Investor Day, and our model says the post-selloff setup looks compelling on the data.
With the stock at $204.13 after a 8.01% single-day drop, our 24/7 Wall St. price target for Qualcomm is $278.13, implying 36.25% upside over the next 12 months. Our model frames this as a high-conviction setup with 90% confidence.
Metric Value Current Price $204.13 24/7 Wall St. Price Target $278.13 Upside 36.25% Model Stance Bullish (research view) Confidence Level 90% A Brutal Setup Into Investor Day Qualcomm has been the most volatile large-cap semi. Shares are down 4.64% over the past week and 13.96% over the past month, yet still up 20.57% year to date and 36.11% over the past year. Tuesday’s 8% slide was driven by SK Hynix HBM capacity slowdown, a Bank of America Underperform reiteration, and balance-sheet concerns around a reported $4 billion deal for AI software startup Modular and a rumored $8 to $10 billion bid for Tenstorrent.
Fundamentals remain solid. Q2 FY26 revenue of $10.60 billion and non-GAAP EPS of $2.65 both beat consensus, marking eight straight quarters of EPS beats. Automotive hit a record $1.33 billion (+38% YoY) and IoT grew 9%, while CEO Cristiano Amon confirmed the “leading hyperscaler custom silicon engagement is on track for initial shipments later this calendar year.”
Why Bulls See a Breakout Above $280 The bull case is straightforward: Qualcomm is no longer just a handset company. Combined Automotive plus IoT grew 20% YoY in Q2, the Alphawave Semi acquisition closed in Q1, and the pending Modular deal would hand Qualcomm a credible CUDA alternative via the MAX inference framework and Mojo programming language.
JPMorgan recently raised its target to $265, citing expectations that today’s Investor Day will reveal “significant data center revenue targets for 2027 and beyond.” Our bull-case scenario points to $288.34, a 41.25% return, with capital return cushioning downside via a fresh $20 billion buyback authorization.
The Risks Worth Watching Several headwinds warrant attention. Handsets fell 13% YoY in Q2, operating income dropped 26% YoY, and Q3 guidance of $9.2 to $10 billion revenue with EPS of $2.10 to $2.30 implies further sequential softness. Bank of America argues Qualcomm faces “hyper-competition in the AI data center market” with much upside already priced in, and the consensus analyst target sits at $183.83, below current levels.
GuruFocus flagged the stock as modestly overvalued versus a GF Value of $175.34, and net insider selling adds caution. The counterfactual: operating income compression reflects acquisition integration costs and heavy data center investment, and management still expects Chinese handsets to bottom in Q3 and grow sequentially in Q4. Our bear-case scenario lands at $222.75.
Qualcomm Price Prediction 2026 to 2030 Our 24/7 Wall St. price target of $278.13 reflects a buy rating with 90% confidence. At a PEG ratio of 0.958 and 21x forward earnings, Qualcomm trades at a discount to peers despite eight consecutive beats and entering two new multi-billion-dollar markets.
The thesis strengthens if today’s Investor Day confirms a concrete 2027 data center revenue ramp. The thesis weakens if management defers specifics and handset weakness extends past Q3.
Looking ahead, here is where our model projects Qualcomm could trade, assuming the data center ramp executes and Automotive growth holds.
Year 24/7 Wall St. Price Target 2026 $278 2027 $330 2028 $385 2029 $430 2030 $487 These projections assume Qualcomm executes on fiscal 2029 revenue goals and the hyperscaler silicon program scales. Significant upside or downside could result from Modular and Tenstorrent integrations, China policy shifts, or Apple modem insourcing accelerating faster than expected.
Adobe oznámila rekordní tržby ve výši 6,62 miliardy USD a non-GAAP zisk na akcii (EPS) 5,96 USD, zatímco AI-first ARR se meziročně ztrojnásobil na více než 500 milionů USD.
I keep hitting the buy button on Adobe (NASDAQ:ADBE | ADBE Price Prediction) because the market has handed me a chance to own a global software franchise at a multiple normally reserved for a dying utility. The stock is down 44.31% year to date and sits at $194.90, yet the underlying business just put up the strongest quarter in its history. That gap between price and performance is my entire thesis.
The Business Wall Street Says Is Cooked The bear story is that generative AI startups will eat Adobe’s lunch and that 4.2% inflation plus consumer debt will pinch enterprise software budgets. Yet in the quarter Adobe reported on June 11, 2026, revenue hit a record $6.62 billion, up 13% year over year. Non-GAAP diluted EPS came in at $5.96, the fifth consecutive beat. Total Adobe ARR exited the quarter at $27.10 billion. AI-first ARR, the very line item the bears say cannot exist for Adobe, tripled year over year and crossed $500 million. CEO Shantanu Narayen said the company is “raising our full-year fiscal 2026 revenue and non-GAAP EPS targets on the strength of that performance.” That commentary signals a franchise that is accelerating.
Three Reasons I Keep Adding Valuation. Adobe trades at a forward earnings multiple of 8x with a PEG of 0.534, a trailing P/E near 11x, and an EV/EBITDA of 7.8. That is being priced like a no-growth industrial. Yet management guided full year FY2026 revenue to $26.50 billion to $26.60 billion and non-GAAP EPS to $24.35 to $24.45, against a roughly 45.0% non-GAAP operating margin. Software companies with that profile rarely come this cheap.
Cash engine. Q2 operating cash flow was $2.165 billion against capex of just $58 million, on top of a record $10.030 billion in FY2025 operating cash flow. Management repurchased roughly 8.5 million shares for $2.111 billion in the quarter, retiring stock at depressed prices. Return on equity sits at 62.9%. That is the definition of a cash compounder.
Moat monetizing AI. Subscription revenue reached $6.39 billion, up 14% year over year. Acrobat surpassed 850 million monthly active users, Firefly ARR is approaching $300 million with 50% quarter-over-quarter growth, and the AI-first ARR in Customer Experience Orchestration grew 4x year over year. As Narayen put it, “creativity is an area where Adobe is uniquely qualified.” The retail crowd on Reddit captured it more bluntly: “Adobe already put it behind a paywall and called it dinner.”
The Risk I Will Not Wave Away The real worry is leadership transition layered onto a brutal stretch for the stock. CFO Dan Durn departed on June 15, 2026, with an interim CFO in place. The quarter included a $70 million goodwill impairment and a $30 million litigation accrual, and Form 4 filings show executives, including the CEO, sold common stock at prices between $206.36 and $248.02 in April and June rather than buying the dip. What does not change is that the stock now trades below where those insiders sold, the cash machine is unbroken, and the recurring revenue base keeps compounding regardless of who signs the 10-Q.
Why The Buy Button Stays Active Wall Street is paying a stagnant-business multiple for a franchise generating 35.3% operating margins and tripling its AI revenue line. Analysts carry a consensus target of $282.27 while the price sits at $194.90. I am buying Adobe because the cash flows are real, the buyback is shrinking my denominator, and the AI thesis is showing up in the ARR line every quarter. When a global software monopoly goes on sale at 8x forward earnings, I keep clicking buy.
Adobe letos odepsal více než 40 %, ale firma v 1. čtvrtletí zvýšila tržby o 12 % a zvedla celoroční výhled. AI segment už generuje více než 500 milionů USD ročních opakovaných příjmů.
Adobe (ADBE +0.67%) shares have plunged by more than 40% year to date. The stock trades below $200, a far cry from when the stock nearly touched $700 per share.
Artificial intelligence is on most investors' minds, especially with how easy it is to create images with AI tools. However, this fear has resulted in an unreasonably low valuation for a company that is still growing.
Image source: Getty Images.
Addressing the AI concern Software stocks sold off broadly amid concerns that artificial intelligence would replace software businesses, rendering them obsolete. Claude's Cowork demonstrated that its generative AI could replace software. While it's a major AI innovation, it's easy for investors to overestimate how quickly new technology will move and whether existing software businesses will become obsolete.
Adobe isn't the only software stock that has tumbled amid fears that SaaS companies may no longer be needed. Salesforce and Workday were both hit hard. Those two stocks have also lost more than 40% year to date.
While the surrounding narrative about Adobe and AI is that advanced technology can make Adobe obsolete, that is an extreme exaggeration that has driven the company's attractive 11 P/E ratio. Adobe's P/E ratio was in the mid-20s less than a year ago and comfortably held that position. Adobe can more than double in valuation alone.
Even the concerns about images are overblown. Getty Images proved there's little to worry about by securing a long-term deal with OpenAI. While AI is changing the digital landscape, investors are trading Adobe stock as if it were doomed to fail and wouldn't adapt.
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Adobe's fundamentals point to long-term growth Looking at Q1 results and the press release commentary makes the AI-fueled panic even more bizarre. Adobe delivered 12% year-over-year revenue growth in Q1, raised its full-year guidance, and cited "strong AI-driven demand across customer groups" as a major catalyst.
The company has a solid foundation, including $27.1 billion in annual recurring revenue. The company also generates over $500 million in annual recurring revenue from its AI segment, a figure that has more than doubled year over year.
Adobe continues to post net profit margins in the mid-20s. Its business is gaining market share despite the stock's year-to-date losses. That mismatch suggests Adobe can be a compelling long-term opportunity at current levels. Continued success with its AI products can strengthen the bullish narrative and reward investors who wait for the comeback story.
Marc Guberti has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adobe, Salesforce, and Workday. The Motley Fool recommends the following options: long January 2028 $330 calls on Adobe and short January 2028 $340 calls on Adobe. The Motley Fool has a disclosure policy.
FedEx oznámil za 4. fiskální čtvrtletí tržby 25 mld. USD a upravený zisk 6,31 USD na akcii, obojí nad odhady. Provozní marže segmentu Federal Express ale klesla na 7,7 % z 8,4 %.
FedEx Corp. (NYSE:FDX) reported better-than-expected earnings for the fourth quarter of fiscal 2026 after the market closed on Tuesday.
FedEx delivered fourth-quarter revenue of $25 billion, beating analyst estimates of $24.04 billion, according to Benzinga Pro. The company posted adjusted earnings of $6.31 per share, beating estimates of $5.96 per share.
"Our profitable growth strategy is working. We are building momentum across our global industrial network, driving structural improvements and winning in high-value growth markets," said Raj Subramaniam, president and CEO of FedEx.
However, the company said operating margin in the Federal Express segment shrank to 7.7% from 8.4% a year ago.
FedEx expects revenue growth of 11% year-over-year for calendar year 2026. The company also guided for calendar year 2026 adjusted earnings in the range of $16.90 to $18.10 per share.
FedEx shares fell 0.7% to trade at $314.57 on Wednesday.
These analysts made changes to their price targets on FedEx following earnings announcement.
UBS analyst Thomas Wadewitz maintained the stock with a Buy and lowered the price target from $445 to $350. Stifel analyst J. Bruce Chan maintained the stock with a Buy and lowered the price target from $442 to $326. Considering buying FDX stock? Here’s what analysts think:
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
Pfizer byl v USA vyřazen ze žaloby států kvůli údajnému fixování cen generických léků. Soud nenašel důkaz o přímém spiknutí s Greenstone ani o manipulaci s cenami.
A Pfizer logo is shown at a research facility in the La Jolla neighborhood of San Diego, California, U.S., September 30, 2025. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesNo proof of Pfizer's direct conspiracy to fix prices45 U.S. states, others sued over 80 generic drugsStates unavailable to commentJune 24 (Reuters) - Pfizer (PFE.N), opens new tab has been dismissed as a defendant in a sweeping antitrust lawsuit in which most U.S. states accused dozens of drugmakers and executives of fixing generic drug prices.
In a decision on Tuesday, Chief Judge Michael Shea of the federal district court in Connecticut said the states failed to show that Pfizer and its former Greenstone unit conspired with rivals between 2010 and 2014 to rig bids and allocate customers for six drug products.
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These included generic versions of Eplerenone tablets for high blood pressure, Latanoprost drops for glaucoma, and four versions of Clindamycin phosphate for acne.
The states alleged that Greenstone executives exchanged more than 360 phone calls and text messages with the Swiss drugmaker Sandoz (SDZ.S), opens new tab to coordinate anticompetitive activity.
But the judge said no reasonable jury could find that New York-based Pfizer directly conspired to fix prices, knew of collusion by Greenstone when asked to approve price changes, or was liable because Greenstone — the authorized generic manufacturer of Pfizer-branded drugs — acted as its agent.
"Greenstone existed for the purpose of selling generic drugs for profit in addition to the strategic value that it provided to its parent company," Shea wrote. "The states’ contention that it existed for the sole purpose of acting on its parent company’s behalf falls short."
LAWSUIT COVERS 80 GENERIC DRUGSThe dismissal came in a lawsuit brought by 45 U.S. states, the District of Columbia and four U.S. territories, accusing 36 defendants of conspiring to fix prices of 80 generic drugs, primarily for skin ailments.
Connecticut Attorney General William Tong has led the litigation, and New York Attorney General Letitia James filed papers opposing Pfizer's dismissal motion.
Tong's office had no immediate comment on Wednesday. James' office declined to comment.
Pfizer spun off Greenstone in a 2020 transaction that created Viatris (VTRS.O), opens new tab.
In a statement, Pfizer said it was pleased with the dismissal. It also said Greenstone was a "reliable and trusted supplier of affordable generic medicines for decades, and we will continue to vigorously defend against these claims."
Shea oversees two other antitrust lawsuits by state attorneys general related to generic drugs. Pfizer is a defendant in one of those cases.
Reporting by Jonathan Stempel in New York, Editing by Louise Heavens
Our Standards: The Thomson Reuters Trust Principles., opens new tab
IBM uzavřelo strategickou spolupráci s OpenAI, aby integrovalo AI přímo do kybernetické bezpečnosti a posílilo obranu proti hrozbám. Součástí je i Project Lightwell za 5 miliard USD pro bezpečnost open-source ekosystému.
Key Takeaways IBM partnered with OpenAI to embed AI into cybersecurity operations and strengthen threat defense.IBM's AI security tools identify high-risk code areas and help reduce false positives in vulnerabilities.IBM's $5B Project Lightwell aims to improve security across the open-source software ecosystem. International Business Machines Corporation (IBM - Free Report) recently announced that it has formed a strategic collaboration with OpenAI. The collaboration focuses on taking AI capabilities beyond just improving productivity and efficiency and integrating AI directly into an organization’s cybersecurity operations.
As enterprise accelerate their digital transformation initiatives, they are getting exposed to increasingly sophisticated cyberthreats. The attackers are using AI to generate phishing campaigns and discover vulnerabilities. Legacy security mechanisms often fall short against this growing sophistication of cyberthreats.
IBM is taking several initiatives to address these issues. IBM’s newly introduced AI-powered application security service reviews application code and architecture to identify potential weaknesses. Large organizations often have millions of lines of code. IBM’s AI solution can help in finding out and determining the high-risk areas. OpenAI’s cyber capabilities can help determine whether a vulnerability is actually exploitable or not. The capability of validating vulnerabilities eliminates one of the biggest issues in cybersecurity, which is false positives.
The collaboration with OpenAI will act as a catalyst for IBM’s project Lightwell. The project aims to improve security across the open-source software ecosystem. IBM has committed $5 billion to this project. Such investment in innovation and strategic collaboration will likely boost IBM’s commercial prospects in the growing cybersecurity space.
Other Tech Firms Expanding into AI-Integrated Security DomainCisco Systems, Inc. (CSCO - Free Report) is infusing AI across Security and Collaboration platforms and building agent-based workflows to reduce manual work for customers. Its comprehensive portfolio includes products like Cisco AI Defense that focus on securing an enterprise’s AI transformation. Cisco Secure Access protects against threats from third-party and shadow AI apps and helps in secure Gen AI use. Cisco is also using Splunk’s portfolio to expand Threat Intelligence, Detection and Response capabilities and to connect observability data with security analytics. Cisco acquired Splunk in 2024.
CrowdStrike, Inc. (CRWD - Free Report) continues to leverage AI and machine learning to drive superior security outcomes and operational efficiency. The company is positioning Falcon as an AI security infrastructure and highlighted being selected as a launch partner in both Anthropic’s Project Glasswing and OpenAI’s Trusted Access for Cyber programs. CrowdStrike launched the Charlotte AI AgentWorks ecosystem, a no-code development platform created with AWS, NVIDIA and OpenAI to build and scale custom security agents on Falcon. CrowdStrike also expanded GovCloud offerings to accelerate public sector AI adoption.
IBM’s Price Performance, Valuation & EstimatesIBM shares have declined 9% over the past year against the industry’s growth of 226.9%.
Image Source: Zacks Investment Research
From a valuation standpoint, IBM trades at a forward price-to-sales ratio of 3.41, below the industry average of 7.35.
Image Source: Zacks Investment Research
Earnings estimates for 2026 have remained unchanged over the past 60 days, while the same for 2027 have increased.
Image Source: Zacks Investment Research
IBM currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Akcie UnitedHealth Group od konce března vzrostly o zhruba 57 % na 408 USD za akcii. K růstu přispělo zvýšení plateb Medicare Advantage o 2,48 % pro rok 2027.
After falling to $255 per share in late March, UnitedHealth Group (UNH 0.69%) stock has been on a heater. The leading health insurer has skyrocketed some 57% since March 30 and is currently trading at $408 per share. It went from being down 22% year to date as of March 30 to being up 24% year to date as of June 22.
The major catalyst for the recent spike is a move by the Centers for Medicare & Medicaid Services (CMS) to raise Medicare Advantage insurers' rates by 2.48% in 2027.
And Jim Cramer, host of CNBC's Mad Money, thinks it has more room to run. He said on his show recently:
Finally, we have UnitedHealth. It's another managed care play that's up for the same reason as Humana. The stock pulled back this afternoon, but the legendary CEO, Steve Hemsley, is back, and he's so good. A brutal stint of bad management before he got there. He's turning it around. UnitedHealth, buy it.
Image source: Getty Images.
Cramer also called UnitedHealth a "textbook safety stock." Is he right?
UNH is still a bargain The Mad Money host is absolutely on the money with this call. UnitedHealth stock is still a bargain, even after its recent surge.
While its valuation has crept up, it is still trading at just 21 times forward earnings. That's because it's still down considerably from the near-$600-per-share price it hit just over a year ago in April 2025, before the tariff crash.
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It may not return to $600 anytime soon, but 77% of Wall Street analysts rate it a buy, with a median price target of $420 per share.
Here are four quick reasons why UnitedHealth stock is a buy:
It smashed earnings estimates last quarter. It raised its 2026 earnings guidance. It's got a high yield and a consistent dividend. As a major healthcare stock, it tends to perform well in market downturns, making it a great defensive play. Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool recommends UnitedHealth Group. The Motley Fool has a disclosure policy.
Skupina investorů včetně saúdského Public Investment Fund požádala EU o schválení subvencí pro akvizici Electronic Arts za 55 miliard USD. Komise má rozhodnout do 30. července.
Electronic Arts logo is seen in this illustration taken September 30, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesBRUSSELS, June 24 (Reuters) - A group of investors including Saudi Arabia's Public Investment Fund has sought EU subsidy approval for its $55 billion acquisition of videogame developer Electronic Arts (EA.O), opens new tab, a European Commission filing showed on Wednesday.
The deal is also being reviewed separately under the bloc's merger rules.
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The Commission, which will assess the deal under its Foreign Subsidies Regulations aimed at preventing unfair non-EU subsidies to companies looking to acquire rivals in the 27-country bloc or taking part in public tenders, set a July 30 deadline for its decision.
The EU competition enforcer can clear the deal unconditionally after its preliminary review, or it can open a full-scale investigation if it has serious concerns.
Reporting by Foo Yun Chee; Editing by Jan Harvey
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Šéf Phillips 66 Mark Lashier varuje, že narušení v Hormuzském průlivu zvyšují volatilitu ziskovosti z rafinace a petrochemie. Firma zároveň snížila náklady v rafinérství asi o 1 USD na barel.
Phillips 66 CEO Mark Lashier speaks at the Reuters Global Energy Forum in New York City, U.S., June 24, 2026. Julian Guideras/Handout via REUTERS Purchase Licensing Rights, opens new tab
CompaniesJune 24 (Reuters) - Phillips 66 (PSX.N), opens new tab CEO Mark Lashier said at the Reuters Global Energy Forum in New York on Wednesday that refining and petrochemical earnings face greater volatility due to uncertainty from disruptions in the Strait of Hormuz.
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Lashier added that the company has taken about $1 per barrel of cost out of its refining business and is targeting $5.50 per barrel, while costs in California are around $15 a barrel.
"We actually have improved our yield of high-value products for our refineries, and we've enhanced our utilization, running our refiners at higher rates as we've lowered the cost," he added.
Lashier noted that the company's significant investment in integration has paid off, allowing it to capitalize on market opportunities.
The company capitalized on high prices in California by moving refined products there when the state was dependent on costly Asian-linked supplies and also delivered North American crude to its East Coast refineries, which rely on the Atlantic basin, during a period of elevated oil prices.
Reporting by Pooja Menon in Bengaluru and Liz Hampton; Editing by Mark Porter
Our Standards: The Thomson Reuters Trust Principles., opens new tab
NextEra Energy plánuje do roku 2030 kapitálové investice přes 94,1 mld. USD do rozšíření výroby, sítě a obnovitelných zdrojů. Firma čeká růst zisku na akcii v letech 2026 a 2027 o 8,09 % a 8,84 %.
Key Takeaways NextEra Energy is supported by stable regulated utility operations and a leading renewable platform.NEE plans more than $94.1B in capital investments through 2030 to expand generation and grid assets.NextEra Energy's ROE tops the industry average, and its shares have outperformed over six months. NextEra Energy Inc. (NEE - Free Report) is an attractive long-term utility investment, supported by its combination of stable regulated utility operations and a leading renewable energy platform. Its Florida Power & Light (“FPL”) unit generates predictable earnings, while NextEra Energy Resources drives growth through the extensive wind, solar and energy storage portfolio. This diversified business model balances earnings stability with strong long-term growth opportunities.
A cornerstone of NextEra Energy's growth strategy is its planned capital investment of more than $94.1 billion through 2030. At FPL, these investments will expand generation capacity, upgrade grid infrastructure and improve reliability to meet rising electricity demand in Florida. The resulting growth in the regulated rate base is expected to support steady earnings and cash flow expansion.
At NextEra Energy Resources, capital spending will accelerate the development of renewable energy, battery storage and transmission assets. Growing power demand from data centers, AI applications and electrification trends, along with increasing corporate demand for clean energy, provides a strong foundation for growth.
Overall, NextEra Energy's investment program strengthens both regulated utility and renewable energy businesses, positioning it for sustained earnings growth and expanding asset base. With a disciplined capital allocation strategy, NextEra Energy appears well-positioned to deliver sustainable shareholder value through consistent earnings growth and dividend expansion over the long term.
Capital Investments: A Key Growth Engine for UtilitiesCapital expenditures support long-term utility growth by expanding generation assets, upgrading grid infrastructure and enhancing reliability. These investments grow the regulated rate base, improve operational efficiency and boost earnings.
Duke Energy's (DUK - Free Report) outlook is supported by its regulated utility operations and robust capital investment plan of $103 billion in the 2026-2030 period. Investments in grid modernization, renewable energy and transmission infrastructure are expected to expand Duke Energy's operation and drive consistent earnings.
The Southern Company (SO - Free Report) benefits from a strategic capital spending program. The $78.1 billion Investments through 2030 in grid upgrades, generation capacity and clean energy projects are expected to grow Southern Company’s rate base and enhance the reliability of its services.
NextEra Energy’s Earnings Estimates Moving NorthThe Zacks Consensus Estimate for NEE’s 2026 and 2027 earnings per share indicates a year-over-year increase of 8.09% and 8.84%, respectively.
Image Source: Zacks Investment Research
NEE Stock Returns Better Than Its IndustryReturn on equity (“ROE”) is a financial ratio that measures how well a company uses its shareholders’ equity to generate profits. The current ROE of the company indicates that it is using shareholders’ funds more efficiently than peers.
NextEra Energy’s trailing 12-month ROE is 12.25%, ahead of the industry average of 11.22%.
Image Source: Zacks Investment Research
NEE Price PerformanceShares of NextEra Energy have gained 7.4% in the past six months compared with the Zacks Utility - Electric Power industry’s rally of 7%.
Image Source: Zacks Investment Research
NEE’s Zacks RankNextEra Energy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
POSCO dokončila v Gwangyangu největší jihokorejskou EAF pec s kapacitou 2,5 milionu tun ročně. Firma odhaduje až 75% snížení emisí oproti vysokým pecím.
Key Takeaways PKX completed a 2.5-million-ton EAF at Gwangyang Steelworks as part of its decarbonization roadmap. POSCO estimates the new EAF can reduce carbon emissions by up to 75% versus blast furnaces. PKX is developing Haptang technology to produce premium low-carbon steel products by 2030. POSCO Holdings Inc. (PKX - Free Report) is accelerating its transition toward low-carbon steelmaking with the completion of South Korea’s largest electric arc furnace (EAF) at its Gwangyang Steelworks. The newly completed facility represents a major milestone in the company’s decarbonization strategy and its long-term goal of achieving carbon neutrality by 2050.
The new EAF has an annual production capacity of 2.5 million tons of steel and was built with an investment of approximately KRW 600 billion (roughly $397 million). Construction began in February 2024 and took more than two years to complete. The facility will now serve as a cornerstone of POSCO’s low-carbon steel production system.
Unlike traditional blast furnaces that depend on iron ore and coking coal, EAFs mainly use recycled steel scrap, reducing energy use and emissions. POSCO estimates the Gwangyang EAF can cut carbon emissions by up to 75% versus conventional steelmaking.
POSCO is going beyond scrap-based steelmaking by developing its proprietary “Haptang” (hot metal mixing) technology, which blends molten iron from blast furnaces with steel produced in electric arc furnaces. The process is designed to maintain the quality standards required for premium steel products while reducing carbon emissions. Through this hybrid approach, PKX aims to mass-produce high-value products, including automotive steel sheets and electrical steel, by 2030.
The EAF project forms part of POSCO’s broader decarbonization roadmap. The company views electric arc furnace technology as an important intermediate step toward its next-generation HyREX hydrogen-reduction steelmaking process, which is expected to play a central role in its long-term carbon-neutral production system. POSCO ultimately plans to transition from coal-based steelmaking toward hydrogen-based ironmaking and establish a fully decarbonized production structure by 2050.
Per POSCO, the completion of the Gwangyang EAF represents a key milestone in advancing low-carbon steel production and reflects POSCO’s commitment to a decarbonized manufacturing model. The company noted that the facility will help meet rising global demand for sustainable steel products while enhancing its competitive position in the transition to a low-carbon economy.
Shares of PKX have gained 8.5% in the past year against the industry’s 2.4% decline.
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PKX Zacks Rank & Other Key PicksPKX currently carries a Zacks Rank #2 (Buy).
Other top-ranked stocks in the Conglomerates space include 3M Company (MMM - Free Report) , Marubeni Corporation (MARUY - Free Report) and Griffon Corporation (GFF - Free Report) . ITT, MARUY and GFF carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for MMM’s current-year earnings is pegged at $8.71 per share, indicating an 8.1% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise being 4.6%.
The Zacks Consensus Estimate for MARUY’s current-year earnings is pegged at $23.86 per share, indicating an 8.8% year-over-year decrease. Shares of MARUY have gained 48.7% over the past year.
The Zacks Consensus Estimate for GFF’s current fiscal-year earnings is pegged at $5.17 per share. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average earnings surprise being 3.3%.
Wall Street expects a year-over-year increase in earnings on higher revenues when General Mills (GIS - Free Report) reports results for the quarter ended May 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 1. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis maker of Cheerios cereal, Yoplait yogurt and other packaged foods is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of +10.8%.
Revenues are expected to be $4.6 billion, up 1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.46% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for General Mills?For General Mills, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.21%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that General Mills will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that General Mills would post earnings of $0.74 per share when it actually produced earnings of $0.64, delivering a surprise of -13.51%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
General Mills doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
AbbVie získala v Evropské unii schválení pro Skyrizi u dětí a dospívajících od šesti let s mírně až středně těžkou ložiskovou psoriázou kandidujících na systémovou léčbu. Současně Evropská unie schválila Maviret pro akutní hepatitidu C, čímž se stal jedinou léčbou schválenou v EU pro akutní i chronickou hepatitidu C.
Key Takeaways AbbVie gets EU approval for Skyrizi in children aged six and older with moderate-to-severe plaque psoriasis.Skyrizi's approval includes a new 55 mg pre-filled syringe for patients weighing under 40 kg.EU clears Maviret in acute HCV, making it the only treatment cleared for acute & chronic HCV in the region. AbbVie (ABBV - Free Report) announced that the European Commission (EC) has approved its blockbuster immunology drug, Skyrizi (risankizumab), for treating children and adolescents aged six years and above with moderate-to-severe plaque psoriasis who are candidates for systemic therapy.
The latest approval in the EU includes a new 55 mg pre-filled syringe designed for patients who weigh less than 40 kg, helping ensure appropriate dosing based on body weight.
The approval was based on data from the phase III OptIMMize-1 pediatric psoriasis program, which included data from two lead-in pharmacokinetic cohorts as well as data from the phase III OptIMMize-2 open-label extension study.
Skyrizi is currently approved for the treatment of adult patients with plaque psoriasis, psoriatic arthritis, Crohn's disease and ulcerative colitis, both in the United States and in Europe.
Skyrizi remains a key growth driver for AbbVie. Sales of the drug soared 29.2% year over year on an operational basis to $4.48 billion in the first quarter of 2026, accounting for nearly 30% of the company’s total revenues. The drug is seeing strong performance across all its approved indications.
ABBV’s Price PerformanceYear to date, shares of AbbVie have risen 4.4% compared with the industry’s growth of 4.5%.
Image Source: Zacks Investment Research
ABBV Wins EU Nod for Maviret in Acute HCVIn a separate press release, AbbVie announced that the European Commission has approved Maviret (glecaprevir/pibrentasvir) for the treatment of acute hepatitis C virus (HCV) infection with compensated liver disease (with or without cirrhosis) in adults and children aged three years and above.
Following the latest nod, Maviret became the only treatment to be approved for both acute and chronic HCV infection in the European Union. The broader indication could simplify treatment decisions and support ongoing efforts to eliminate HCV across the region.
The latest nod was based on data from the phase III study, which demonstrated Maviret to be a highly efficacious treatment for patients with acute HCV infection.
Maviret is approved in the United States under the trade name Mavyret for the treatment of acute and chronic HCV infection in adults and children aged three years and older.
Mavyret sales increased 8.6% on an operational basis year over year to $351 million in the first quarter of 2026.
ABBV’s Zacks Rank & Stocks to ConsiderAbbVie currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the biotech sector are Kiniksa Pharmaceuticals (KNSA - Free Report) , Immunocore (IMCR - Free Report) and Liquidia Corporation (LQDA - Free Report) , each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Over the past 60 days, estimates for Kiniksa Pharmaceuticals’ 2026 EPS have increased from $1.09 to $1.24. Over the same period, EPS estimates for 2027 have risen from $1.54 to $1.70. KNSA shares have surged 44.2% year to date.
Kiniksa Pharmaceuticals’ earnings beat estimates in two of the trailing four quarters and missed in the remaining two quarters, with the average surprise being 1.53%.
Over the past 60 days, estimates for Immunocore’s 2026 bottom line have improved from a loss of 88 cents per share to earnings of 6 cents. Over the same period, EPS estimates for 2027 have risen from 24 cents to 87 cents. IMCR stock has lost 15.8% year to date.
Immunocore’s earnings beat estimates in three of the trailing four quarters, while missing the same on the remaining occasion, with the average surprise being 46.66%.
Over the past 60 days, estimates for Liquidia’s 2026 earnings per share have risen from $1.50 to $2.97, while estimates for 2027 have increased from $2.91 to $4.81 during the same time. LQDA shares have surged 114.7% year to date.
Liquidia’s earnings beat estimates in three of the trailing four quarters, while missing the same on the remaining occasion, with the average surprise being 54.40%.
Micron dnes večer ukáže nejen výsledky, ale hlavně poptávku po HBM, která je klíčová pro AI servery. Pro investory do Nvidie to může být první rychlý test síly výdajů do AI.
That’s because Micron has become one of the most important suppliers in the artificial intelligence supply chain.
This Isn’t Just A Micron Earnings ReportWall Street will certainly be watching revenue, earnings and guidance. But investors may be paying even closer attention to commentary surrounding high-bandwidth memory, or HBM.
HBM has emerged as one of the most critical components inside modern AI servers. The technology works alongside Nvidia’s AI accelerators, helping process and move enormous amounts of data needed to train and run large language models.
In simple terms, no HBM means no cutting-edge AI system. As demand for AI infrastructure has exploded, Micron has become one of the biggest beneficiaries.
The Real Question Is AI SpendingInvestors aren’t just looking for signs that Micron is executing well.
Strong HBM demand, improving pricing and bullish commentary about future orders would suggest that hyperscale customers continue to invest heavily in AI data centers.
That would be welcome news for Nvidia, whose growth story remains heavily tied to ongoing AI spending.
On the other hand, any signs of slowing demand could raise questions about whether the AI buildout is beginning to moderate.
Why Nvidia Investors Are WatchingNvidia has become the face of the AI revolution, but Micron sits closer to the underlying infrastructure. While Nvidia sells the processors, Micron helps provide the memory required to make those systems work.
That gives Micron’s management team a unique vantage point into one of Wall Street’s most important themes.
As a result, Wednesday’s earnings report could serve as more than just an update on Micron’s business. It may become one of the market’s first real-time checks on the health of the broader AI spending boom.
And for Nvidia investors, that could make Micron’s earnings one of the most important reports of the quarter.
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SK hynix začne 10. července obchodovat ADR na Nasdaq, čímž investorům v USA otevře přístup k lídrovi trhu s HBM s podílem 57 %. Micron tím ale nepřichází o sílu, protože poptávka po paměťových čipech dál převyšuje nabídku.
The artificial intelligence boom has created winners across the semiconductor industry, but few areas have benefited more recently than memory chips. Every AI server needs vast amounts of high-bandwidth memory (HBM) and DRAM to feed increasingly powerful processors from Nvidia (NASDAQ:NVDA | NVDA Price Prediction), Advanced Micro Devices (NASDAQ:AMD), and others. Without memory, even the fastest AI chip becomes a bottleneck.
That demand has transformed memory manufacturers into some of the market’s biggest winners. In the U.S., no company has benefited more than Micron Technology (NASDAQ:MU). The stock has surged roughly 270% year-to-date and 726% over the past year, even after suffering a 13% pullback during yesterday’s selloff.
Yet a new development could alter where investors put their next dollar. South Korean memory giant SK hynix plans to begin trading American depositary receipts (ADRs) on the Nasdaq on July 10.
The question isn’t whether Micron remains a strong investment. It does. The real question is whether SK hynix now deserves a larger share of new capital.
The AI Memory Shortage Remains Intact The investment case for memory stocks remains straightforward. AI infrastructure spending continues to accelerate.
The world’s four largest hyperscalers are expected to spend hundreds of billions of dollars on AI infrastructure this year, and memory remains one of the industry’s tightest supply constraints. According to industry market-share data, three companies effectively control the entire HBM market:
Company HBM Market Share SK hynix 57% Samsung Electronics 22% Micron Technology 21% Those numbers tell investors something important. While Micron has become the primary U.S. beneficiary of the AI memory boom, SK hynix remains the industry’s dominant supplier.
The story looks similar in DRAM.
Company DRAM Market Share Samsung Electronics 38% SK hynix 29% Micron Technology 22% Others 11% In both critical memory categories, three companies control nearly the entire market. That’s a powerful position when demand continues to exceed supply.
Micron Is Still Winning Let’s be clear: nothing about SK hynix’s Nasdaq listing weakens Micron’s business. The memory chipmaker remains my favorite stock to own in 2026. The company has successfully moved up the value chain, becoming a major supplier of HBM used in AI accelerators. Revenue, margins, and earnings have all benefited from rising memory prices and persistent shortages.
Perhaps most importantly, Micron remains the only major U.S.-based producer competing at the highest levels of the memory market. That strategic position has become increasingly valuable as governments and customers seek supply-chain diversification.
Granted, Micron’s stock has delivered enormous gains. After a 726% run over the past year, expectations are far higher today than they were 12 months ago. That doesn’t make the stock unattractive, but it does raise the hurdle for future returns.
Why SK hynix Changes the Investment Equation SK hynix’s Nasdaq arrival gives U.S. investors something they haven’t had before: easy access to the memory industry’s market-share leader.
Surprisingly, many American investors have owned Micron simply because it was the most accessible pure-play memory stock available in U.S. markets. Beginning July 10, they’ll be able to buy shares in the company controlling 57% of the HBM market and holding the No. 2 position in DRAM.
That changes the calculus. If investors are looking to deploy fresh capital into the AI memory theme, SK hynix may offer the stronger opportunity because it leads the most important segment of the AI memory market. HBM has become the fuel powering modern AI systems, and SK hynix currently occupies the driver’s seat.
That said, this doesn’t create a sell signal for Micron. Far from it. The memory shortage remains intact, AI spending continues rising, and Micron still controls 21% of the HBM market and 22% of the DRAM market.
Key Takeaway In short, investors don’t need to dump Micron because SK hynix is joining the Nasdaq. Micron remains one of the strongest ways to invest in the AI infrastructure buildout and continues to benefit from robust demand for HBM and DRAM.
However, SK hynix’s July 10 ADR listing introduces a compelling new option, as it holds stronger competitive positions in the two memory categories driving AI growth. For investors putting new money to work after the recent selloff, SK hynix may deserve a larger allocation.
Ultimately, the smartest move may not be choosing one over the other. The AI memory shortage appears likely to persist for years, and owning the companies that dominate the market could prove far more important than trying to pick a single winner.
Before Micron Technology’s (NASDAQ:MU | MU Price Prediction) fiscal Q3 2026 results, Stephanie Link of Hightower told CNBC viewers what most retail traders watching a parabolic chart do not want to hear. The fundamentals are fine. The entry point is the problem. Micron is up 229% year to date after a run from $285.28 at the end of 2025 to $1,051.77 at Monday’s close, and Link wants you to wait.
What Link actually said Her exact framing on the segment was direct. “This stock is up 268% year to date. We’re short memory. ASPs are going to be north of 30 to 35%. I think the guidance is going to be great. I think it’s going to be a great report. Just high expectations. Wait for a pullback. You know I’m thinking like 10, 15%, 20%. I think that’s when you can buy.”
Link’s argument is with the cushion. The cycle itself looks healthy. DRAM supply is tight, hyperscalers are still writing capex checks like the cloud build needs another rerun, and Micron has been raising guidance at a cadence that makes the sell-side look quaint. The question on a day like today is whether a stock that already moved 40.05% in the past month can absorb good news without a digestion period.
The numbers behind the run The Q2 fiscal 2026 report Micron delivered in March set the stage for everything that has happened since. Revenue came in at $23.86 billion, up 196.3% year over year, beating the $19.51 billion consensus by 22.28%. Non-GAAP EPS landed at $12.20 against an $8.73 estimate. GAAP gross margin expanded to 74.4% from 36.8% a year earlier, an operating-leverage profile you usually only see in software businesses pretending to be hardware.
Then management guided fiscal Q3 to $33.5 billion in revenue, $19.15 in non-GAAP EPS, and roughly 81% gross margin. CEO Sanjay Mehrotra framed it succinctly in the Q2 release, saying “In the AI era, memory has become a strategic asset for our customers” while the board pushed through a 30% dividend increase to $0.15 per share. The same filing, documents $650 million in repurchases over the six months ended February 26, 2026.
Why expectations are the real risk Link’s caution has receipts. The Polymarket contract for tonight’s report prices a 96.65% probability that Micron beats the $19.66 non-GAAP EPS estimate. Options markets agree something is coming, with one widely shared r/options post noting implied volatility at the 98th percentile heading into the report.
When the prediction market consensus is functionally certain and the options chain is pricing a panic-grade move, a clean beat may already be in the stock. Reddit sentiment captured the tension, with one popular post observing that “MU is pricing in some insanely abnormal panic” the night before earnings.
The Tom Lee counterpoint Tom Lee of Fundstrat offered the patient man’s rebuttal on the same segment. “Investors have actually benefited from taking a longer time horizon on a lot of these ideas. There’s a lot of visibility and that’s pretty scarce when you look outside of AI.”
His point reframes Link’s tactical concern. If order books really extend into 2027 and HBM remains supply-constrained, then trying to thread a 15% pullback risks underweighting an asset that keeps repricing higher between dips.
What to watch tonight Three things matter when results hit. First, whether the company guides fiscal Q4 above the implicit run rate set by tonight’s $33.5 billion midpoint. Second, whether HBM allocations stretch deeper into calendar 2027, which would validate the supply-tightness thesis Link cited.
Third, the reaction itself. A muted move on a clean beat is exactly the pullback Link is waiting for, and the stock already gave back 1.63% on Tuesday’s session before the report. Patience and conviction are both defensible here. The trade is choosing which one matches your time horizon.
Micron Technology zveřejní výsledky za třetí čtvrtletí po uzavření trhu; Wall Street čeká výnosy 35,5 miliardy USD a EPS 20,39 USD. Akcie MU jsou po letošním růstu o více než 722 % na historickém maximu 1 213,56 USD.
Micron Technology Inc will release its third-quarter earnings after the markets close on Wednesday.
Despite fears of an AI bubble, Wall Street predicts positive results. Micron could report $35.5 billion in revenue—a 281% jump year-over-year (YOY), according to a Bloomberg analyst consensus cited by Yahoo Finance.
Its DRAM (memory) and NAND (storage) revenues are expected to grow 288% and 256% YOY, respectively.
Micron is also predicted by Bloomberg’s analysts to have earnings per share of $20.39, about a 967% increase YOY. However, consensus estimates cited by CNBC expect EPS to range from $20.17 to $20.42.
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Micron had a successful yearThe earnings report will come just two days after Micron’s shares (Nasdaq: MU) reached a new all-time high of $1,213.56. The stock price is up over 722% YOY and $268 year-to-date (YTD).
Shares of Micron have occasionally dropped alongside those of other chip manufacturers due to fears about over-investment in AI and the infrastructure that powers it.
Just yesterday, shares dropped more than 13% in response to concerns about a stock bubble in South Korea, following a large selloff and losses for both Samsung’s and SK Hynik’s shares.
Explore Topicschipsmarketssemiconductor chipsstocksTaiwan Semiconductor Manufacturing Company
CJ Muse z Cantor Fitzgerald tvrdí, že u pamětí bude nabídka v roce 2027 ještě těsnější než v roce 2026, což může podpořit růst zisků Micronu i v roce 2028.
CJ Muse went on CNBC this morning and made the case that the memory cycle most investors are watching does not actually peak where they think it peaks. “The real takeaway for memory is that supply is going to be even tighter in 27 than 26,” the Cantor Fitzgerald semiconductor analyst said, “and because of that you can actually think about earnings growth and not only 27 but also 28.” That is the bullish framing investors will be testing against tonight’s fiscal Q3 numbers from Micron Technology (NASDAQ:MU | MU Price Prediction), which the company has confirmed will land after the close on June 24, 2026.
Why Muse is anchoring on 2028 The Cantor argument is essentially a duration trade dressed up as a memory call. If hyperscaler compute demand keeps growing through 2029 and 2030, then DRAM and HBM supply, which takes years and tens of billions of dollars to add, simply cannot catch up in the window analysts currently model. Muse pointed to the gap between compute and memory multiples as the giveaway. “If you look at compute multiples memory multiples there’s still significant upside,” he said, “as long as you underwrite the demand for compute, not peaking in 28, but extending into 2930 and beyond.”
The number doing the heavy work in Muse’s framework is $200. “I think the bulls are thinking about $200 of earnings for micron next calendar year. And if that’s right, you’re talking about a stock trading at five times,” he told CNBC, calling that a multiple he does not believe represents the right peak for the name. Micron closed Monday at $1,051.77. The stock is up 229% year to date and 717% over the past year. The VanEck Semiconductor ETF (NYSEARCA:SMH), for what it is worth, is on pace for its best first half since inception in 2000.
What the last quarter already told us Last quarter is the reason Muse can talk about this with a straight face. Micron’s fiscal Q2 2026, reported March 18, 2026, delivered revenue of $23.86 billion against an $19.51 billion estimate, with non-GAAP EPS of $12.20 versus $9.31 expected. GAAP gross margin reached 74.4%, up from 36.8% a year earlier, and the company guided fiscal Q3 to $33.5 billion in revenue plus or minus $750 million with non-GAAP gross margin near 81%. You can read the full 8-K press release on the SEC’s site.
CEO Sanjay Mehrotra framed the demand picture more soberly than the numbers might suggest. “In the AI era, memory has become a strategic asset for our customers, and we are investing in our global manufacturing footprint to support their growing demand,” he said in the release. The capex line is what makes Muse’s thesis interesting. New fabs ordered today come online in 2028 at the earliest, which leaves 2027 supply largely fixed.
SanDisk is telling you the same story If you want a second data point, look at SanDisk (NASDAQ:SNDK), the NAND-focused spinoff trading at $1,930 after a 601% year-to-date move. Its most recent quarter posted revenue of $5.95 billion, up 251% year over year.
Datacenter revenue alone grew 645%. CEO David Goeckeler flagged what he called “a structural memory shortage unlikely to ease before 2028” in earlier commentary, language that lines up almost exactly with Muse’s framing.
What to actually watch tonight Polymarket has the crowd pricing a 96.7% probability that Micron beats on the bottom line tonight, against a consensus EPS estimate of $19.66. The beat itself matters less than whether management’s guide and any commentary about HBM3E allocations through 2027 validate the $200 EPS bull case Muse is using.
Analyst consensus targets sit below the current price, with 39 buys, 4 holds, and 1 sell. Sell side has been chasing the move.
The risk Muse himself flags is whether AI workload growth genuinely extends into 2029 and 2030, or whether new capacity arrives faster than the bulls expect. Tonight will not settle that. The order book commentary on the call might.
Ryan Cohen stáhl návrh odměny za 35 miliard USD, aby se soustředil na ozdravení GameStopu a pokus o koupi eBay. GameStop má tento týden zveřejnit další detaily.
Ryan Cohen is the CEO of GameStop. GameStop GameStop CEO Ryan Cohen is so determined to buy eBay that he's taken his own $35 billion pay deal off the table.
Cohen has withdrawn the proposed compensation package because he wants to fully focus on revitalizing GameStop's business and acquiring eBay, GameStop said in a press release on Tuesday.
Cohen has reiterated his intention to acquire the online marketplace in recent days, despite the target being more than five times larger than GameStop, with a market value of $48 billion, and eBay rejecting Cohen's cash-and-stock offer in May.
Chewy's billionaire cofounder explained his interest in the tie-up during an episode of the "All-In" podcast released on Tuesday.
He highlighted the opportunity to cut eBay's bloated costs; to make it a big player in live commerce by using GameStop's roughly 1,600 US stores to fulfill orders and serve as studios for content creators; and to expand into digital collectibles by creating a marketplace for digital items in video games.
Cohen also said he'll put $500 million of his own money into the deal to demonstrate his conviction.
"When you look at how much the businesses together make sense, and then you look at the fact that it's within my circle of competence, I can't stop thinking about it," Cohen said.
In a June 19 interview with Piers Morgan, Cohen declined to rule out a hostile takeover, meaning he might attempt to buy the business against the board's wishes.
At Cohen's request, GameStop has removed the proposed CEO Performance Award from its proxy statement, it said in Tuesday's press release.
The video-game retailer's shareholders were poised to vote on the pay package ahead of the company's annual meeting on July 7.
Cohen stood to secure a total of 171.5 million share options if he grew GameStop's market value to $100 billion, and its adjusted profits to $10 billion. Those shares would be worth in excess of $35 billion
He's faced backlash over his proposed pay package. Michael Burry of "The Big Short" fame revealed in early May that he'd sold his GameStop stake because he was skeptical of the eBay deal, and suggested Cohen was pursuing the heavily dilutive transaction because it would help him hit his market cap and profit milestones, generating a huge payout for him.
GameStop noted in a filing that Cohen wouldn't have received a windfall purely for acquiring eBay, as his performance hurdles stood to be adjusted to reflect a stock-based acquisition.
In its press release, GameStop said it would provide fresh details about its plans to purchase eBay this week, including its strategic rationale and how it plans to run the combined company.
GameStop and eBay did not immediately respond to requests for comment.
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Theron Mohamed is a London-based correspondent on the Trending team at Business Insider. His coverage spans finance, investing, wealth, markets, and the economy.Theron joined BI in 2019 as a reporter at Markets Insider and rose to the rank of correspondent before moving to the Trending team in 2024. He previously covered tech, media, and telecom stocks for Investors Chronicle magazine and had a brief stint on the Financial Times' Data team. He interned at the Wall Street Journal in New York where he primarily wrote for Heard on the Street.Theron has freelanced for The Independent, The Telegraph, WIRED, and several smaller publications. He holds an undergraduate degree in geography from the London School of Economics, and a master's degree in journalism from Columbia University.Theron often covers Warren Buffett, Michael Burry, Jeremy Grantham and other top-flight investors. He also writes about the world's wealthiest people and shares financial advice from all manner of rich and successful people.Email Theron at [email protected] and follow him on X @theron_mohamed.Expertise
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Taiwan Semiconductor v květnu zvýšila měsíční tržby na 416,98 miliardy NT$, meziročně o 30,1 %. CEO C.C. Wei zároveň očekává růst za celý rok 2026 o více než 30 % v USD.
Taiwan Semiconductor Manufacturing (NYSE:TSM | TSM Price Prediction) just put the rest of the chip sector on notice. Monthly revenue for May 2026 hit NT$416.98 billion, up 30.1% year over year, and CEO C.C. Wei is telling investors the company will “grow by above 30% in U.S. dollar terms” for full-year 2026.
Shares are already up 44.32% year to date, closing at $436.39 after a 6.69% single-day pullback. Can TSM print $500 before 2026 is over?
What’s Holding TSMC Back Right Now TSM is up 109.73% over the past year and trades just 1% from its 52-week high of $476.31. The 8.12% one-month gain ran headfirst into valuation fatigue, and the most recent session lopped off 6.69% in a single day.
Wei flagged caution on the call, citing “the impact of rising component prices” and Middle East macro risks. With a beta of 1.25, this stock amplifies tech-sector wobbles. Add a patent infringement complaint at the U.S. ITC and persistent NT-dollar FX pressure, and traders have hit pause near $440.
Wall Street Sees 8.5% Upside. Our Model Says More Sell-side analysts carry an average target of $473.40, backed by 5 Strong Buys, 12 Buys, 2 Holds, and zero sell ratings. Our internal model anchors on a base case of $512.37 with a bull case of $534.19 and a bear case of $417.73. Confidence is rated at 90%.
With 89% of the bullish/bearish coverage tilted bullish and quarterly earnings growth running at 58.4% year over year, the Street is anchoring to old EPS assumptions. $500 sits between consensus and our base case, the most reachable round number on the board. BofA raised the firm’s price target on TSMC to $590 from $490 and keeps a Buy rating on the shares.
The Path to $500 Per Share Reaching $500 from today’s price of $436.39 requires a gain of 14.6%. With forward EPS of $14.50, a price of $500 implies a forward P/E of 35x. Our base case of $512.37 already implies 36x, so $500 actually demands slightly less multiple expansion than where our model already sits.
Earnings do the heavy lifting. Q1 2026 net income jumped 43.82% YoY, and Q2 guidance implies USD $39.0 billion to $40.2 billion in revenue, a 32% YoY increase at the midpoint. Wei said “AI-related demand continues to be extremely robust” and that the shift to agentic AI is driving “higher 50s of CAGR” in AI accelerator demand.
Add the 35% Arizona investment tax credit effective January 1, 2026 and a $52-56 billion CapEx envelope, and the forward multiple compresses naturally as EPS catches up. The primary risk is a Taiwan geopolitical shock that re-rates the entire foundry complex lower.
Where TSMC Trades Today vs Its Earnings Power At $436.39 against forward EPS of $14.50, TSM trades at a forward P/E of roughly 30x. That is reasonable for a business compounding earnings near 50%. Shares sit in the upper third of the 52-week range of $218.79 to $476.31, and the 10-year return is 2,086.07%. When a company owns the leading-edge node and prints 58% earnings growth, paying 30x forward is the bull case.
Is $500 Realistic? Reaching $500 requires a 14.6% gain from here. That is realistic before year-end 2026.
Three things need to go right: Q2 results hit the upper end of Wei’s $40.2 billion guide, gross margins land above 66%, and the AI accelerator order book stays at the higher 50s CAGR Wei flagged. What derails it is a Taiwan Strait headline or a meaningful customer capex pause. We’ve outlined the blueprint for how Taiwan Semiconductor Manufacturing could reach $500 in 2026.
ALZpath uzavřela globální licenční dohodu s Abbott Laboratories na vývoj krevního testu na Alzheimerovu chorobu. Abbott začlení její protilátku do testu pro systémy Alinity.
A scientist looks at hypometabolic and hypoperfusion patterns at the single-subject level from a patient suffering from Alzheimer's disease at the Memory Centre at the Department of... Purchase Licensing Rights, opens new tab Read more
CompaniesJune 24 (Reuters) - ALZpath said on Wednesday it had signed a global licensing agreement with Abbott Laboratories (ABT.N), opens new tab to help advance blood-based testing for Alzheimer's disease, as companies race to offer easier-to-use diagnostic options for the brain-wasting disease.
Here are some more details:
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Abbott will incorporate ALZpath's antibody into a test designed to run on its Alinity laboratory systems.
Blood tests offer an alternative to diagnosing Alzheimer's, which has been traditionally diagnosed through expensive and invasive PET imaging and cerebrospinal fluid analysis.
The California-based company has previously partnered with Roche, Beckman Coulter and Siemens Healthineers.
ALZpath CEO Mike Banville told Reuters exclusively that the company has opted to partner with firms through licensing agreements, as this approach enables it to reach patients more quickly with its blood-based test.
"With Abbott on board... we will now have 80% of the in-vitro diagnostic market, roughly, using the ALZpath antibody," Banville added.
The test targets pTau217, a blood marker linked to changes seen in Alzheimer's disease.
ALZpath scientific adviser Henrik Zetterberg said that pTau217 is a "bit of a revolution in detecting Alzheimer's disease early." The marker can reveal changes years before dementia sets in, and help assess patients with memory symptoms.
Regulatory progress is expected in the coming months, with U.S. approvals for some partners anticipated in the back half of the year, Banville said.
Blood tests, including one developed by Japan-based Fujirebio, have already received U.S. regulatory clearance, opens new tab for Alzheimer's diagnosis.
ALZpath did not disclose the financial terms of the deal with Abbott, but Banville said the partnership follows a royalty-based licensing model.
Reporting by Sahil Pandey in Bengaluru; Editing by Shinjini Ganguli
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Eli Lilly dokončila akvizici Centessa Pharmaceuticals, aby urychlila vývoj léčby narkolepsie a dalších poruch spánku a bdění. Centessa vyvíjí agonisty orexinového receptoru 2.
, /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced the successful completion of its acquisition of Centessa Pharmaceuticals plc. Centessa is a clinical-stage company developing orexin receptor 2 agonists as a new class of medicines for the treatment of narcolepsy and potentially other sleep-wake disorders.
"The orexin system plays a fundamental role in human brain health, governing wakefulness, alertness, and the stability of sleep in ways that, when disrupted, can be profoundly disabling," said Carole Ho, Lilly executive vice president and president, Lilly Neuroscience. "For people living with narcolepsy, that disruption is severe and life-altering. Orexin's reach extends further to diseases impacted by disrupted sleep, and so does the unmet need. Centessa has built a clinical portfolio with the depth to explore both, and Lilly intends to pursue that potential with urgency."
About Lilly
Lilly is a medicine company turning science into healing to make life better for people around the world. We've been pioneering life-changing discoveries for 150 years, and today our medicines help tens of millions of people across the globe. Harnessing the power of biotechnology, chemistry and genetic medicine, our scientists are urgently advancing new discoveries to solve some of the world's most significant health challenges: redefining diabetes care; treating obesity and curtailing its most devastating long-term effects; advancing the fight against Alzheimer's disease; providing solutions to some of the most debilitating immune system disorders; and transforming the most difficult-to-treat cancers into manageable diseases. With each step toward a healthier world, we're motivated by one thing: making life better for millions more people. That includes delivering innovative clinical trials that reflect the diversity of our world and working to ensure our medicines are accessible and affordable. To learn more, visit Lilly.com and Lilly.com/news, or follow us on Facebook, Instagram, and LinkedIn. F-LLY
Trademarks and Trade Names
All trademarks or trade names referred to in this press release are the property of Lilly, or, to the extent trademarks or trade names belonging to other companies are referenced in this press release, the property of their respective owners. Solely for convenience, the trademarks and trade names in this press release are referred to without the ® and ™ symbols, but such references should not be construed as any indicator that the company or, to the extent applicable, their respective owners will not assert, to the fullest extent under applicable law, the company's or their rights thereto. We do not intend the use or display of other companies' trademarks and trade names to imply a relationship with, or endorsement or sponsorship of us by, any other companies.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) about the benefits of Lilly's acquisition of Centessa Pharmaceuticals, Lilly's neuroscience platform and development plans, Centessa's clinical-stage pipeline of programs targeting sleep disorders, including its lead program targeting orexin dysfunction, and reflects Lilly's current beliefs and expectations. However, as with any such undertaking, there are substantial risks and uncertainties in implementing the acquisition and in the process of drug research, development, and commercialization. Among other things, there can be no guarantee that Lilly will realize the expected benefits of the acquisition, that the acquisition will achieve the results discussed in this press release or that the acquisition will yield commercially successful products. For further discussion of these and other risks and uncertainties that could cause actual results to differ from Lilly's expectations, see Lilly's Form 10-K and Form 10-Q filings with the United States Securities and Exchange Commission. Except as required by law, Lilly undertakes no duty to update forward-looking statements to reflect events after the date of this press release.
OpenAI a Broadcom představily Jalapeño, první AI čip OpenAI pro inference LLM. Podle raných testů má nabídnout výrazně lepší výkon na watt než současná špička.
Built from the ground up for current and future LLMs across the industry
Developed from design to production in nine months, accelerated by OpenAI’s models
Will deliver performance per watt better than current state-of-the-art, based on early testing
Expands OpenAI’s full-stack platform, from products to models and now to chips
To be deployed at gigawatt scale with data center partners, over multiple generations
SAN FRANCISCO and PALO ALTO, Calif., June 24, 2026 (GLOBE NEWSWIRE) -- OpenAI and Broadcom (NASDAQ: AVGO) today unveiled Jalapeño, OpenAI’s first Intelligence Processor: an accelerator architected around OpenAI’s vision for the future of LLM inference, and the first AI accelerator in a multi-generation compute platform the companies are building together to make advanced AI faster, more reliable, and more accessible to more people.
Jalapeño was delivered to OpenAI CEO Sam Altman and President Greg Brockman by Broadcom President and CEO Hock Tan and Semiconductor Solutions President Charlie Kawwas, marking an important step in OpenAI’s strategy to build the full stack behind its models and products.
OpenAI designed the chip from scratch around its deep understanding of LLM fundamentals, informed by its roadmap of models, kernels, serving systems, and product needs, with partners Broadcom and Celestica, helping industrialize the platform through chip implementation, board, rack system integration, high-performance networking, and scalable production systems. Jalapeño is designed with flexibility to work with all LLMs guided by OpenAI's insights into the inference needs of current and future AI models across the industry. Engineering samples of the Jalapeño chip are running ML workloads in the lab at production target frequency and power, including GPT-5.3-Codex-Spark.
While OpenAI is still measuring final performance, early testing shows that Jalapeño will deliver performance per watt substantially better than current state-of-the-art. A detailed technical report on performance will be presented in the coming months. The architecture reduces data movement and balances compute, memory, and networking resources to achieve realized utilization much closer to theoretical peak performance. Broadcom’s silicon implementation and networking technologies, including Tomahawk networking silicon, help bring the platform to large-scale production.
“The world is moving to a compute-powered economy,” said Greg Brockman, President and Co-Founder, OpenAI. “Jalapeño is part of our long-term full-stack infrastructure strategy to make compute more abundant, resulting in AI which is faster, more reliable, more affordable for people and businesses, and can be used to solve more important problems. By designing more of the stack ourselves, we can serve more intelligence with greater efficiency and keep pushing advanced AI toward broader access.”
“Jalapeño was designed from the ground up for LLM inference using detailed insights from our close collaboration with OpenAI researchers,” said Richard Ho, who leads OpenAI’s hardware program. “We optimized the architecture around the kernels, memory movement, networking, and serving patterns that matter most for frontier AI models. Based on early testing, Jalapeño will efficiently execute our most important workloads close to the hardware’s theoretical limits.”
“Our collaboration with OpenAI represents a fundamental commitment to scaling the physical infrastructure required for the next decade of AI,” said Hock Tan, President and CEO, Broadcom. “This is just the beginning of a multi-generation roadmap. By co-developing our industry-leading silicon directly with OpenAI, we are enabling the deployment of gigawatt scale data centers with Microsoft and other partners beginning in 2026.”
Designed to be the best inference platform for LLMs
Jalapeño is a blank-slate design for modern LLM inference, not a general-purpose accelerator adapted from earlier AI workloads. It is informed by the systems OpenAI runs every day across ChatGPT, Codex, the API, and future agentic products, while also being designed for current and future LLMs across the industry. The goal is to combine the power and throughput of today’s leading AI accelerators with latency closer to the fastest specialized inference systems, making Jalapeño well suited for interactive LLM products at scale.
Nine-month tape-out, accelerated by OpenAI models
Jalapeño was co-developed from initial design to manufacturing tape-out in just nine months, and the custom AI accelerator program represents what may be the fastest ASIC development cycle ever achieved in high-performance advanced semiconductors. That speed reflects deep software-hardware co-development with OpenAI’s engineering teams, Broadcom’s silicon implementation expertise, and the use of OpenAI models to accelerate parts of the design and optimization process.
The same models served to users are helping improve the infrastructure used to run future models. If AI can help engineers design better chips faster, it can lower the cost of compute across the industry and help democratize access to advanced AI.
Building a multi-generation platform with partners
Jalapeño is the first step in a multi-generation compute platform designed for initial deployment by the end of 2026, and expanding in the years ahead, combining OpenAI-designed accelerators with Broadcom silicon implementation, networking, and connectivity technologies; and Celestica’s board, rack and system expertise.
Additional Resource
Read the OpenAI blog post
About OpenAI
OpenAI is an AI research and deployment company. Our mission is to ensure that artificial general intelligence benefits all of humanity.
About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations' complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.
This announcement contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning Broadcom. These statements include, but are not limited to, statements regarding Broadcom’s collaboration with OpenAI in delivering Jalapeño to OpenAI and Broadcom helping bring OpenAI’s full-stack platform to large-scale production to enable the deployment of gigawatt scale datacenters. These forward-looking statements are based on current expectations and beliefs of Broadcom’s management, current information available to Broadcom’s management, and current market trends and market conditions, and involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. Accordingly, undue reliance should not be placed on such statements.
Particular uncertainties that could materially affect future results include risks associated with: global political and economic conditions and uncertainty; government regulations, trade restrictions and trade tensions; fluctuations in the timing and volume of significant customer demand; ability to make successful investments in research and development and successfully expand Broadcom’s business strategy or adopt Broadcom’s business models; ability to continue winning business and the timing of such wins; dependence on contract manufacturing and outsourced supply chain; dependency on a limited number of suppliers; dependence on senior management and the ability to attract and retain qualified personnel; ability to protect against cybersecurity threats and a breach of security systems;
ability to accurately estimate customers’ demand and adjust the manufacturing and supply chain accordingly; ability to improve manufacturing capacity and quality; involvement in legal proceedings; quarterly and annual fluctuations in operating results; Broadcom’s competitive performance; ability to maintain or improve gross margin; ability to protect Broadcom’s intellectual property and the unpredictability of any associated litigation expenses; significant indebtedness and the need to generate sufficient cash flows to service and repay such debt; and other events and trends on a national, regional, industry-specific and global scale, including those of a political, economic, business, competitive and
regulatory nature.
Broadcom’s filings with the Securities and Exchange Commission (SEC) are available without charge at the SEC’s website at https://www.sec.gov and include some important risk factors that may affect future results. Broadcom undertakes no intent or obligation to publicly update or revise the forward-looking statements made in this announcement, except as required by law.
Key Takeaways NUE shares have climbed 46.9% YTD, outperforming the industry and the S&P 500.Nucor's 2026 earnings estimate was raised 30.1% in 60 days, with earnings seen up 103.4% year over year.Nucor is expanding capacity, pursuing acquisitions and benefiting from higher U.S. steel prices. Nucor Corporation (NUE - Free Report) benefits from healthy demand in key markets, actions to expand its production capabilities and higher steel prices. Its shares have surged 46.9% year to date, outperforming the Zacks Steel Producers industry’s rise of 34.4% and the S&P 500’s increase of 8.9%.
We are positive about NUE’s prospects and believe that the time is right for you to add the stock to the portfolio, as it looks promising and is poised to carry the momentum ahead.
NUE’s YTD Price Performance
Image Source: Zacks Investment Research
Let's see what makes NUE stock an attractive investment option at the moment.
NUE’s Rising Earnings Estimates Reflect Positive SentimentThe Zacks Consensus Estimate for 2026 for NUE has been revised 30.1% upward over the past 60 days. The consensus estimate for second-quarter 2026 has also been revised 31.6% up over the same time frame. The favorable estimate revisions instill investor confidence in the stock.
Image Source: Zacks Investment Research
NUE’s Strong Growth ProspectsThe Zacks Consensus Estimate for NUE’s 2026 earnings is pegged at $15.68, suggesting a 103.4% increase from the previous year’s tally. Earnings are projected to increase by 71.5% in second-quarter 2026.
Superior Return on Equity (ROE) for NucorROE is a measure of a company’s efficiency in utilizing shareholders’ funds. ROE for the trailing 12 months for NUE is 10.7%, above the industry’s level of 4.2%.
Image Source: Zacks Investment Research
Expansion Actions & Acquisitions Aid Nucor StockNucor remains committed to boosting production capacity, which should drive profitable growth and strengthen its position as a low-cost producer. It is executing a series of growth projects to tap significant end-market demand. Nucor is seeing strong demand from non-residential construction & infrastructure, military & defense, and energy end markets and has a healthy order backlog. The company has already commissioned some of its growth projects with Gallatin and Brandenburg mills, showing strong production and shipment performance.
The construction of the 3 million tons per annum (tpa) sheet mill with a low-cost profile in West Virginia is in the final phases and commissioning of operations is expected through 2026, with production expected in 2027. The new 500,000 tpa galvanizing line at the Berkeley County sheet mill in South Carolina is also on track. Its greenfield project in Utah is also on course for production commencement by mid-2027.
The company has been focusing on growth through strategic acquisitions over the past several years. The recent acquisition of Southwest Data Products expanded its growing portfolio of solutions for data center customers. The buyout of Rytec Corporation will also allow Nucor to further expand beyond its core steelmaking businesses into related downstream businesses. Adding high-performance doors is expected to create cross-selling opportunities with other Nucor businesses and significantly expand its product portfolio for the commercial space.
NUE’s Capital Allocation Backed by Robust Financial HealthNucor is maximizing its returns to shareholders by leveraging its strong balance sheet and cash flows. It ended first-quarter 2026 with strong liquidity of roughly $3.2 billion, including cash and cash equivalents of around $2.2 billion. It also generated cash from operations of $886 million in first-quarter 2026.
The company returned around $1.2 billion to shareholders in 2025 through dividends and share repurchases, representing nearly 70% of net earnings. Returns to its shareholders were $254 million in the first quarter. It remains committed to its policy of returning at least 40% of earnings to shareholders. Nucor has returned roughly $630 million through share buybacks and dividends year to date till June 17, 2026.
Higher Steel Prices Drive NUE’s MarginsHigher U.S. steel prices have created a favorable landscape for American steel producers. U.S. steel prices recovered in the fourth quarter of 2025, following the lows seen in the third quarter, and the momentum continued in the first quarter of 2026. Overall demand weakness and abundant steel mill output dragged benchmark hot-rolled coil (“HRC”) prices below $800 per short ton in late August and continuing through early September.
HRC prices rebounded in the fourth quarter on major steel mills' price increase, extending lead times and tightening supply, partly due to plant outages and reduced imports driven by tariffs. The recovery, which has been more pronounced since November, has led to HRC prices surging to above $1,100 per short ton. With end-market demand improving, steel prices will likely continue to climb, benefiting U.S. steelmakers, including NUE, with higher profit margins.
NUE’s Zacks Rank & Key PicksNUE currently sports a Zacks Rank #1 (Strong Buy).
Other top-ranked stocks in the Basic Materials space are L.B. Foster Company (FSTR - Free Report) , Albemarle Corporation (ALB - Free Report) and LyondellBasell Industries N.V. (LYB - Free Report) . While FSTR and ALB carry a Zacks Rank #1, LYB has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for L.B. Foster’s current-year earnings is pegged at $1.74 per share, implying a 152.2% year-over-year increase. The Zacks Consensus Estimate for FSTR’s current-year earnings has been revised 60.5% higher over the past 60 days.
The consensus estimate for Albemarle’s current-year earnings is pegged at $12.39 per share, indicating a 1,668.4% year-over-year increase. ALB’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average surprise of 54.1%.
The Zacks Consensus Estimate for LyondellBasell’s current-year earnings stands at $8.73 per share, implying an 413.5% year-over-year increase. The Zacks Consensus Estimate for LYB’s current-year earnings has been revised 12.3% higher over the past 60 days.
Společnost Freeport schválila čtvrtletní dividendu 0,15 USD na akcii FCX s datem výplaty 3. srpna 2026. Z toho 0,075 USD tvoří základní dividenda a 0,075 USD variabilní dividenda.
PHOENIX--(BUSINESS WIRE)--Freeport (NYSE: FCX) announced today that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on August 3, 2026, to shareholders of record as of July 15, 2026. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.
FREEPORT: Foremost in Copper
FCX is a leading international metals company with the objective of being foremost in copper. Headquartered in Phoenix, Arizona, FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is one of the world’s largest publicly traded copper producers.
FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant operations in the U.S. and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.
By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries. Additional information about FCX is available on FCX's website at fcx.com.
Kroger v 1. čtvrtletí fiskálního roku 2026 zvýšil srovnatelné tržby bez paliva o 1 % a upravené tržby z e-commerce o 19 %. Jeho Our Brands získaly podíl a překonaly národní značky o 175 bazických bodů.
Key Takeaways Kroger's grocery engine remains steady, with identical sales excluding fuel up 1% in fiscal Q1.Adjusted e-commerce sales rose 19%, led by delivery and under-one-hour convenience orders.Kroger's Our Brands gained share and outpaced national brands by 175 basis points in Q1. The Kroger Co. (KR - Free Report) is being judged on more than store traffic. Its investment case now depends on whether grocery momentum, digital growth, retail media and private-label strength can offset cost and consumer pressures.
The latest results show that Kroger still has durable operating advantages. They also show why investors are likely to keep watching margins and sales acceleration closely.
Why KR’s Grocery Engine Still MattersKroger’s identical sales excluding fuel increased 1% in the first quarter of fiscal 2026. That growth came despite a 130-basis-point headwind tied to the Inflation Reduction Act and 64 basis points of pressure from egg deflation.
The company expects identical sales without fuel to rise 1-2% in fiscal 2026. That outlook points to steady progress in the core grocery business, but not a sharp acceleration.
Walmart Inc. (WMT - Free Report) remains a relevant comparison because grocery value and convenience are central to how consumers choose where to shop. Costco Wholesale Corporation (COST - Free Report) also matters in the sector context, as membership-based food retail keeps pressure on traditional grocers to defend traffic and value perception.
Image Source: Zacks Investment Research
How Kroger Is Expanding Beyond StoresKroger has built a broad omnichannel network that includes supermarkets, pharmacies, fuel centers and digital commerce platforms. As of Jan. 31, 2026, it operated 2,697 supermarkets, 2,250 pharmacies and 1,731 fuel centers.
The company offers pickup and delivery to substantially all customers. Store-based fulfillment, third-party delivery partnerships and automated capabilities are becoming more important as shoppers shift between in-store and online purchases.
KR’s Digital Business Is Becoming More ImportantAdjusted e-commerce sales grew 19% in the first quarter, led by delivery. Under-one-hour convenience orders represented roughly 50% of digital growth, showing how speed is becoming a larger part of Kroger’s customer proposition.
Kroger also reached a key milestone as e-commerce, including media, turned profitable. That matters because lower cost to serve, better store-based fulfillment and digital scale can help protect margins while the company continues investing in convenience.
Why Kroger’s Private Labels Stand OutKroger’s Our Brands portfolio gained share and outpaced national brands by 175 basis points in the first quarter. Momentum was supported by Simple Truth and Private Selection, with innovation helping the company sharpen its merchandising position.
Private label gives Kroger two advantages in a cautious spending environment. It helps customers manage affordability while giving the company more control over assortment, differentiation and margin flexibility.
What KR’s Ratings Say About the SetupThe bottom line is that Kroger has useful operating levers, but the setup is not without near-term friction. Digital profitability, private-label gains and grocery traffic trends support the bull case, while pharmacy pressure, diesel-related transportation costs and cautious consumers keep the story balanced.
The stock currently carries a Zacks Rank #3 (Hold). That rank fits a company with visible strengths but also execution questions as investors wait for clearer evidence of stronger sales momentum and margin stabilization. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Kroger’s Value Score of A and VGM Score of A support investor interest from a valuation and blended-style standpoint. Its Momentum Score of D is a reminder that timing remains less favorable, which may keep some investors on the sidelines until operating trends become cleaner.
Kroger Precision Marketing zvýšil zisk o více než 20 % díky vyšší návštěvnosti a zájmu inzerentů. E-commerce tržby vzrostly o 19 % a poprvé byly ziskové i s reklamou.
Key Takeaways KR is tied to food retail shifts as investors watch digital demand, value trends and margin pressure.Kroger Precision Marketing profit rose over 20%, aided by traffic and advertiser commitments.Our Brands gained share, while e-commerce sales rose 19% and turned profitable with media. The Kroger Co. (KR - Free Report) is increasingly a window into the forces reshaping food retail. Investors are watching more than identical sales as grocery operators adapt to digital demand, value-seeking shoppers and margin pressure.
Kroger’s scale, loyalty data, private-label reach and omnichannel model give it several structural levers. The question is whether those trends can translate into cleaner earnings momentum.
Why Kroger Is Leaning Into Retail MediaKroger Precision Marketing remains one of KR’s clearest high-margin growth drivers. Profit from the business grew more than 20% in the first quarter of fiscal 2026, supported by stronger on-site traffic and increased advertiser commitments.
The appeal is Kroger’s data advantage. Management noted that 95% of transactions are tied to a loyalty card, backed by more than 20 years of history. Partnerships with Google’s Display & Video 360 and TikTok, along with artificial intelligence tools for audience creation and budget allocation, widen the retail media opportunity.
Image Source: Zacks Investment Research
How KR Benefits From Trade-Down BehaviorA pressured consumer backdrop makes private label more important. Kroger’s Our Brands portfolio helps the company meet affordability needs without relying only on price cuts.
Our Brands was described as an approximately $39 billion business in fiscal 2025. In the first quarter of fiscal 2026, it gained share and outpaced national brands by 175 basis points, with Simple Truth and Private Selection showing momentum.
Why Kroger’s Digital Model Is EvolvingKroger’s digital growth is shifting toward faster and more practical convenience. Adjusted e-commerce sales increased 19% in the first quarter, led by delivery.
Under-one-hour convenience orders represented roughly 50% of digital growth. E-commerce, including media, also turned profitable for the first time, helped by store-based fulfillment, lower cost to serve and the closure of three fulfillment centers.
What KR Reveals About Margin PressuresKroger also shows that scale does not remove pressure from the grocery model. Gross margin was 22.7% in the first quarter of fiscal 2026, down from 23% a year earlier.
The decline reflected higher transportation costs, egg deflation, planned price investments and mix factors. Transportation alone created a 15-basis-point headwind, while pharmacy-related sales pressure included a 130-basis-point Inflation Reduction Act impact.
Walmart Inc. (WMT - Free Report) remains a key comparison because it competes across grocery, value and retail media. Target Corporation (TGT - Free Report) is also relevant as retailers use owned brands and advertising platforms to protect customer engagement and improve economics.
How KR’s Signals Fit These Industry ShiftsKroger’s emerging trends are attractive, but the investment case is not one-sided. Retail media, private label and profitable digital growth point to better long-term optionality, while transportation inflation, promotional investment and pharmacy sales drag keep near-term expectations measured.
The stock currently carries a Zacks Rank #3 (Hold). That rank suggests a balanced near-term outlook rather than a clear positive or negative earnings-revision signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
KR has a Value Score of A and a VGM Score of A, indicating favorable valuation and combined style characteristics. Its Growth Score of B also supports the longer-term case, but the Momentum Score of D shows weaker price action. For now, the market still wants more proof that these industry shifts can lift stock performance.
Iridium oznámila, že Mlink zahájila testování čipu MS150-IR v reálném provozu pro Iridium NTN Direct. Certifikace a dostupnost produktu se očekávají před koncem roku 2026.
Mlink chipsets expand the ecosystem for Iridium's standards-based NB-IoT and D2D connectivity
, /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, today announced that Mlink Technology Inc. (Mlink), a leading fabless semiconductor company specializing in IoT and satellite communication chipsets, has begun live, on-air testing of its MS150-IR IoT-NTN chipset using Iridium NTN Direct℠. MS150-IR is a specialized version of the MS150 chipset family, developed specifically for Iridium NTN Direct as part of Mlink's global IoT-NTN product portfolio.
The Iridium Network Mlink joins a growing ecosystem of chipset providers supporting Iridium NTN Direct, Iridium's 3GPP standards-based non-terrestrial network (NTN) service. By integrating Iridium NTN Direct, Mlink's chipsets will help device manufacturers, module makers and mobile network operators (MNOs) extend low-power IoT connectivity beyond the reach of terrestrial networks through a single global satellite platform. The companies anticipate certification and product availability before the end of 2026.
"We're excited by Mlink's strong progress and the successful transition from lab testing to live on-orbit validation over the Iridium network," said Tim Last, Executive Vice President, Iridium. "This achievement demonstrates the technical maturity of both teams and the readiness of Iridium NTN Direct. We look forward to certification of the MS150-IR chipset later this year, giving our partners and customers additional high-quality, standards-compliant options for global NB-IoT and D2D connectivity."
"Having the opportunity to collaborate with Iridium in the emerging NTN field is a tremendous opportunity for Mlink," said Zhiping An, Co-Founder and Vice President, Mlink. "Our MS150-IR chipset platform has successfully completed Iridium's laboratory testing and has now progressed into the over-the-air (OTA) testing phase. We also have introduced a comprehensive reference design kit, enabling our customers to accelerate product development and commercialization. We look forward to leveraging Iridium NTN Direct to provide high-quality low Earth orbit (LEO) satellite communication services to customers around the world, enabling reliable and efficient global connectivity."
Iridium NTN Direct leverages Iridium's unique network of 66 cross-linked LEO satellites and 3GPP standards to deliver low-latency, reliable connectivity with excellent signal penetration on a truly global basis. The service is designed for IoT applications including asset tracking, logistics, utilities, agriculture, automotive, industrial monitoring and remote infrastructure, extending connectivity where terrestrial coverage is unavailable, limited or unreliable.
For chipset vendors, module manufacturers, OEMs, and MNOs, Iridium NTN Direct reduces the technical and commercial barriers to integrating satellite connectivity into existing products and networks without requiring additional terrestrial infrastructure. The service enables partners to expand coverage, improve resilience and support new connected-device applications using globally recognized standards.
Mlink's advancement adds to Iridium's expanding roster of chipset partners and reinforces growing momentum toward commercial availability of Iridium NTN Direct in 2026. Iridium NTN Direct is designed to deliver truly global, standards-based NB-IoT and D2D connectivity, enabling devices, sensors and assets to remain connected anywhere on Earth.
For more information on Iridium NTN Direct and how to join the ecosystem, visit: www.iridium.com/ntn-direct.
For more information about Iridium, visit: www.iridium.com
About Iridium Communications Inc.
Iridium Communications Inc. (Nasdaq: IRDM) operates the world's only truly global mobile satellite network, delivering reliable voice, data, and positioning, navigation and timing (PNT) services anywhere on Earth. Iridium supports safety- and mission-critical operations for diverse markets such as aviation, maritime, government, emergency services, critical infrastructure, autonomous systems, and remote monitoring applications, where connectivity is essential.
Headquartered in McLean, Virginia, Iridium provides its products and services through an ecosystem of 500-plus partner companies around the world. For more information, visit www.iridium.com.
About Mlink Technology Inc.
Mlink Technology Inc, founded in 2013, is a leading innovator in semiconductor solutions for satellite and cellular communications. Mlink has launched SatCom chipsets covering multiple standards such as IoT-NTN, NR-NTN, and GMR, as well as cellular communication chips for 5G RedCap and NB-IoT. Mlink's MS150 series IoT-NTN chipsets and MS340 series NR-NTN chipsets have successfully completed extensive LEO and GEO satellite testing across multiple countries and regions worldwide. Today, they are recognized as among the industry's most widely adopted NTN chipset platforms.
Headquartered in Beijing, the company has established research and development centers in Shanghai, Hefei, and Xiamen. For more information about Mlink, visit: www.mlink-tech.cn.
Forward-Looking Statements Disclosure
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has based these statements on its current expectations and the information currently available to us. Forward-looking statements in this press release include statements regarding the capabilities, benefits and availability of the Iridium NTN Direct service. Forward-looking statements can be identified by the words "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the timing of commercial availability of the Iridium NTN Direct service, the company's ability to maintain the health, capacity and content of its satellite constellation, general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on February 12, 2026, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium's expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium's underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium's forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update or revise any forward-looking statements.
CrowdStrike oznámila split akcií 4:1, který vstoupí v platnost 2. července. Firma zároveň vykázala 26% růst tržeb a rekordní volný cash flow ve výši 468 milionů USD.
Along with solid earnings results, cloud-based cybersecurity leader CrowdStrike (CRWD 0.34%) announced a 4-for-1 stock split, which will go into effect on July 2. This will help make CrowdStrike's stock more accessible to retail investors after it has soared by roughly 60% so far in 2026.
To be sure, CrowdStrike's business has been performing exceptionally well, and it has some massive opportunities ahead of it. But after the stock's rapid rise this year, is it still worth buying before its split goes into effect?
Image source: Getty Images.
As mentioned, CrowdStrike will start trading on a split-adjusted basis on July 2. You may see some other dates mentioned, such as a record date, but for most investors, here's the key point. If you own 100 shares of CrowdStrike today, you'll have 400 shares in your portfolio when you log into your brokerage account on July 2, with each of those shares trading for about one-fourth of their previous value.
Excellent business momentum CrowdStrike's business is performing quite well, with 26% year-over-year revenue growth in its most recent fiscal quarter. It added $256 million in net new annual recurring revenue (ARR), the most added in a fiscal first quarter in company history. On the bottom line, CrowdStrike generated $468 million in free cash flow, an all-time high, and it handily beat earnings expectations.
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Not only that, but we're seeing clear signs that the agentic AI revolution is likely to be a big tailwind for CrowdStrike, not a threat as many originally thought. CEO George Kurtz said that "CrowdStrike is AI security infrastructure, critical to successful AI adoption."
Not a cheap stock The biggest risk factor for investing in CrowdStrike is valuation. While shares trade for about 12% below recent highs, the company is still valued at about 34 times trailing revenue, one of the highest multiples for a large-cap stock in the S&P 500.
It's fair to say that CrowdStrike is pricing in quite a bit of ARR growth at these levels. If it becomes the go-to cybersecurity platform for agentic AI security over the next few years, the current valuation could look cheap. But a lot will need to go right to justify the stock's current price, and any missteps could cause significant volatility.
To be clear, this is an excellent business. But it's not a good idea to buy CrowdStrike (or any other stock for that matter) just because it is splitting its shares. If you decide to buy, be aware that you're paying a hefty premium, and size your position accordingly.
Fortinet spustil FortiSOC, platformu AI pro SecOps, a zároveň zvýšil výhled tržeb na rok 2026 na 7,71 až 7,87 miliardy USD. V 1. čtvrtletí tržby vzrostly o 20 % na 1,85 miliardy USD a EPS o 41 % na 82 centů.
Key Takeaways FTNT launches FortiSOC, an AI-driven SecOps platform integrating 6 security functions into one SaaS console.FTNT posted Q1 revenues of $1.85B, up 20%, with billings rising 31% and EPS climbing 41% to 82 cents.Fortinet raised 2026 revenue outlook to $7.71B-$7.87B, citing AI-driven demand and platform innovation. Fortinet (FTNT - Free Report) is further leaning into artificial intelligence as a growth lever, having launched FortiSOC, a unified, cloud-delivered security operations center platform powered by agentic AI. The move raises the question of whether this AI-driven push can translate into sustained stock momentum. FortiSOC consolidates six security operations functions, including SIEM, SOAR, behavioral analytics, threat intelligence and identity threat detection, into a single SaaS console. Its centerpiece, FortiAI-Assist, autonomously investigates and correlates alerts, generates playbooks and coordinates response actions across thousands of multivendor tools using Model Context Protocol-based agent coordination, while keeping human analysts in oversight roles. The launch builds on AI-focused SecOps innovations previewed at the company's Accelerate 2026 event, positioning Fortinet to compete in the expanding market for AI-assisted threat detection as attackers themselves increasingly weaponize AI.
This AI expansion follows a financially strong first quarter wherein revenues reached $1.85 billion, up 20% year over year, while product revenues jumped 41% to $645 million. Billings, an indicator of forward demand, rose 31% to $2.09 billion. Profitability metrics were equally robust: non-GAAP operating margin hit a first-quarter record of 35.8%, non-GAAP earnings per share grew 41% to 82 cents, and the company generated record operating cash flow of $1.08 billion and free cash flow of $1.01 billion. An increasingly complex threat environment, intensified by AI, alongside new platform differentiators like FortiOS 8.0 and FortiASIC technology, were cited as demand drivers behind this growth.
On the back of this performance, Fortinet raised its full-year 2026 guidance, now projecting revenues between $7.71 billion and $7.87 billion and non-GAAP operating margin of 33% to 36%. Whether FortiSOC converts into durable subscription growth, however, remains to be tested against execution risk, AI-related competitive pressure and the company's ability to turn previewed innovations into sustained billings momentum in the coming quarters.
Microsoft and Palo Alto Networks Push Their Own Agentic AI BetsFortinet is not alone in racing toward agentic AI security. Microsoft (MSFT - Free Report) has built Security Copilot into an agentic SOC layer across Defender, Sentinel and Purview, alongside Agent 365, a control plane to govern AI agents that became generally available last month. Palo Alto Networks (PANW - Free Report) has taken a similar path through Prisma AIRS 3.0, designed to secure the full agentic AI lifecycle, reinforced by its 2026 acquisitions of Portkey and Koi to govern and protect autonomous agents. While Microsoft leans on platform-wide integration and Palo Alto Networks emphasizes lifecycle and identity security, both illustrate how agentic AI has become a central competitive battleground alongside Fortinet in cybersecurity.
FTNT’s Share Price Performance, Valuation & EstimatesFortinet shares have lost 20.4% in the past six-month period, underperforming the Zacks Security industry’s 9.8% decline and the broader Computer and Technology sector’s 22.1% growth.
FTNT’s 6-Month Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, FTNT appears overvalued, trading at a price-to-book ratio of 84.98, higher than the sector's average of 21.7. The company carries a Value Score of D.
FTNT’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Fortinet’s earnings is pegged at $2.69 per share for 2026, which implies year-over-year growth of 13.5%.
Fortinet currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Cameco uvedla, že americké ministerstvo energetiky podmíněně přislíbilo až 17,5 miliardy USD na rozjezd dodavatelského řetězce a urychlení nasazení reaktorů AP1000. Financování má pokrýt nákup dlouhodobých položek až pro 10 reaktorů.
All amounts in Canadian dollars unless specified otherwise.
This news release constitutes a “designated news release” for the purposes of Cameco’s prospectus supplement dated November 12, 2024, to its short form base shelf prospectus dated November 12, 2024.
SASKATOON, Saskatchewan--(BUSINESS WIRE)--Cameco Corporation (TSX: CCO; NYSE: CCJ) welcomes today’s announcement by the US Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) regarding its conditional commitment for the American Nuclear Supply Chain Loans to reenergize the large-scale nuclear reactor supply chain, drive down costs and accelerate the deployment of AP1000 reactors in the US and globally. The DOE’s conditional commitment for a loan package of up to US$17.5 billion is expected to provide the majority of the financing for Westinghouse Electric Company (Westinghouse) to purchase the long-lead time items for up to 10 AP1000 nuclear reactors in the United States.
“We are pleased to see the US government make this additional commitment to expanding nuclear power capacity using the proven AP1000 reactor technology,” said Tim Gitzel, CEO of Cameco. “When combined with the May 23, 2025 Executive Orders and other US government initiatives, we believe the right incentives are being created to advance the rapid deployment of AP1000 reactors in the US. The expansion of nuclear power in the United States is expected to create significant opportunities for Westinghouse and Cameco, accelerating growth in Westinghouse’s energy systems segment during the procurement and subsequent construction phase.”
While this conditional commitment indicates the DOE’s intent to provide a loan to finance these projects, Westinghouse, its owners, and its partners must satisfy certain technical, legal, environmental, and financial conditions before DOE enters into definitive financing documents and funds the loan.
Background
Brookfield Renewable Partners (Brookfield) and Cameco acquired Westinghouse in November 2023. The partnership brought together Cameco’s expertise in the nuclear fuel supply chain with Brookfield’s recognized position as one of the world’s largest investors in energy generation technologies.
We expect the DOE loan arrangement to be implemented through a special purpose vehicle of Westinghouse (SPV) that will administer the loan funding for up to five project funding vehicles jointly owned by Westinghouse and the applicable partner for the procurement of the long-lead items at a fixed price for two reactors per project. Both the SPV and the approved partner are required to fully commit their project equity totaling approximately $500 million each or $1 billion per project upfront prior to accessing DOE loan funds. As approved partners reach final investment decisions for the applicable projects, the DOE loan is expected to be repaid from the proceeds of the sale of the long-lead items.
The loan package arrangements contemplated by the conditional commitment are subject to, among other risks, the factors discussed below under “Caution about Forward Looking Information” and remain subject to Westinghouse, its owners, and its partners satisfying certain technical, legal, environmental, and financial conditions with DOE, negotiation and completion of definitive agreements, any required approvals, and other customary conditions. There can be no assurance that definitive agreements will be entered into or that the proposed loan package will be completed on the terms currently contemplated, or at all.
We are separately advancing discussions on the strategic partnership entered into among Brookfield, Cameco and the US Department of Commerce in October 2025.
Caution about Forward-Looking Information
This news release includes statements and information about Cameco’s expectations for the future, which we refer to as forward-looking information. Forward-looking information is information that is not a historical fact. Words such as “guidance,” “expect,” “will,” “may,” “anticipate,” “plan,” “estimate,” “project,” “intend,” “should,” “can,” “likely,” “could,” “outlook” and similar expressions are intended to identify forward-looking information. Forward-looking information is based on Cameco’s current views, which can change significantly, and actual results and events may be significantly different from what we currently expect. Examples of forward-looking information in this news release include: the entering into the loan package of up to US$17.5 billion, the expected initiation of orders for long-lead items, the commitment of project equity, the expected repayment of the DOE loan from the proceeds of the sale of long-lead items, and the negotiation and execution of definitive agreements, satisfaction of closing conditions and any required approvals.
Material risks that could lead to different results include: the risk that definitive agreements are not entered into, that required approvals are not obtained, that conditions to completion including required technical, legal, environmental and financial conditions are not satisfied, that the proposed financing terms change materially, or that the proposed transaction is not completed.
In presenting the forward-looking information, Cameco has made material assumptions which may prove incorrect about the ability of the parties to negotiate and execute definitive agreements, obtain any required approvals, satisfy closing conditions, and complete the proposed transaction on acceptable terms or at all.
Please also review the discussion in Cameco’s 2025 annual MD&A, 2026 first quarter MD&A and most recent annual information form for other material risks that could cause actual results to differ significantly from Cameco’s current expectations, and other material assumptions we have made. We will not necessarily update this information unless we are required to by securities laws.
Profile
Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan, Canada.
As used in this news release, the terms we, us, our, the Company and Cameco mean Cameco Corporation and its subsidiaries unless otherwise indicated.
Generální ředitel společnosti Consolidated Edison Tim Cawley uvedl, že firma musí rozšířit část síťového vybavení, aby zvládla delší a intenzivnější vlny veder. Zároveň odmítl nutnost zásadní přestavby sítě.
Item 1 of 4 Reuters U.S. Power Correspondent Laila Kearney speaks with Consolidated Edison CEO Tim Cawley during Reuters Global Energy Forum in New York City, U.S., June 23, 2026 Julian Guidera/Handout via REUTERS
[1/4]Reuters U.S. Power Correspondent Laila Kearney speaks with Consolidated Edison CEO Tim Cawley during Reuters Global Energy Forum in New York City, U.S., June 23, 2026 Julian Guidera/Handout via... Purchase Licensing Rights, opens new tab Read more
June 23 (Reuters) - Consolidated Edison (ED.N), opens new tab CEO Tim Cawley, speaking at the Reuters Global Energy Forum in New York on Tuesday, said the utility must upsize parts of its grid equipment to withstand longer and hotter heat waves, while avoiding a fundamental overhaul of the system.
U.S. utilities have invested heavily to upgrade electric grids as they face extreme weather and growing demand from power-hungry data centers.
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• "Long, deep heat waves wear on our equipment," Cawley said. "So we've got to upsize the equipment sort of to meet that moment," he added.
• Cawley added that New York does not need a fundamental grid overhaul, but should better use rooftop solar, batteries, demand response and grid data to improve efficiency and contain costs.
• He noted that while Con Edison is seeing increased demand from data centers, it is at around 60 megawatts, compared with the roughly 800-megawatt scale cited by some utilities, with electrification of transport and heating remaining the main drivers of load growth.
• He also backed utility-owned large-scale renewables, especially upstate projects linked by transmission to downstate demand centers.
• Cawley said artificial intelligence and enhanced real-time visibility into the grid could further improve operations. With more data from smart meters and system telemetry, the company can optimize voltage, reduce consumption, cut emissions and lower customer bills while maintaining reliability.
Reporting by Laila Kearney in New York and Pranav Mathur in Bengaluru; Editing by Matthew Lewis
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Dave & Buster’s v 1. čtvrtletí nesplnil očekávání: tržby klesly na 559,2 milionu USD a srovnatelné tržby spadly o 5,4 %. Firma ale vykázala malý zisk a vrátila se k pozitivnímu upravenému volnému peněžnímu toku.
This is a fair market value price provided by Massive. Learn more.
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.
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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
61.50% Upside
Hold
Based on 7 Analyst Ratings
Current Price$11.97High 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.
Should You Invest $1,000 in Dave & Buster's Entertainment Right Now?Before you consider Dave & Buster's Entertainment, you'll want to hear this.
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FuelCell Energy a Fit Energy uzavřely strategickou dohodu na dodávku až 380 MW čisté základní energie pro datová centra. Prvních 30 MW má začít dodávat letos.
Initial 30 MW delivery is expected to begin this year June 24, 2026 07:00 ET | Source: FuelCell Energy, Inc.
DANBURY, Conn. and BOCA RATON, Fla., June 24, 2026 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a clean energy technology company that manufactures utility scale power solutions, and Fit Energy USA LP (“Fit Energy”), a developer of reliable power solutions to support advanced computing infrastructure and artificial intelligence, today announced a strategic agreement for up to 380 megawatts (MW) of clean, baseload on-site power for data centers using FuelCell Energy’s utility-scale fuel cell technology. The agreement includes an immediate deposit for an initial 30 MW of power scheduled to begin delivery later this year.
“We are pleased to partner with Fit Energy on its development plans. We’ve engaged with a diverse range of prospective customers across the digital infrastructure landscape, and Fit Energy has distinguished itself through its commitment to ‘energy as a service’ power solutions that support both communities and the environment,” said Jason Few, President and CEO of FuelCell Energy. He added, “This agreement further validates our decision to scale our operations to 500 MW, preserving our ability to serve a broad and growing pipeline of customers.”
Joel Leonoff, CEO of Fit Energy, added, “Today’s announcement marks a critical step in building the power foundation required for the next generation of AI infrastructure. FuelCell Energy’s technology aligns with our growth objectives and our goal of delivering behind-the-meter power solutions to data centers at gigawatt scale.”
Under the arrangement, Fit Energy will be eligible to receive warrants tied to future deployment milestones of up to 380 MW. The warrant structure is designed to align long-term value creation with successful project execution and customer deployment.
Canaccord Genuity served as a financial advisor to FuelCell Energy Inc. on certain aspects of this transaction.
About Fit Energy
Fit Energy is an energy infrastructure company focused on long-term ownership of generation assets formed to deliver near-term, scaled energy solutions for the digital economy. The platform is designed to serve large power requirements through a hybrid model supporting behind-the-meter, microgrid and grid-connected structures ranging from fuel cell technology to natural gas turbines. Learn more about Fit Energy at www.Fitenergygroup.com.
About FuelCell Energy
FuelCell Energy, Inc. (Nasdaq: FCEL) is an American clean energy technology company delivering continuous, scalable baseload power for mission critical applications globally. The company’s fuel cell systems generate electricity directly at the point of use, enabling reliable, low emissions power for data centers, industrial facilities, utilities, and distributed generation customers. FuelCell Energy delivers commercially proven, modular, utility-scale systems—backed by global fuel cell deployments approaching one gigawatt. Learn more at www.fuelcellenergy.com.
Cautionary Language
This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding future events or our future financial performance that involve certain contingencies and uncertainties. The forward-looking statements include, without limitation, statements with respect to the Company’s anticipated financial results and statements regarding the Company’s plans and expectations regarding the continuing development, commercialization and financing of its current and future fuel cell technologies, the Company’s business plans and strategies, the Company’s plan to reduce operating costs, the capabilities of the Company’s products, the Company’s potential sales pipeline, opportunities, and partners, and the markets in which the Company expects to operate. Projected and estimated numbers contained herein are not forecasts and may not reflect actual results. These forward-looking statements are not guarantees of future performance, and all forward-looking statements are subject to risks and uncertainties, known and unknown, that could cause actual results and future events to differ materially from those projected. Factors that could cause such a difference include, without limitation: general risks associated with product development and manufacturing; general economic conditions; changes in interest rates, which may impact project financing; supply chain disruptions; changes in the utility regulatory environment; changes in the utility industry and the markets for distributed generation, distributed hydrogen, and fuel cell power plants configured for carbon capture or carbon separation; potential volatility of commodity prices that may adversely affect our projects; availability of government subsidies and economic incentives for alternative energy technologies; our ability to remain in compliance with U.S. federal and state and foreign government laws and regulations; our ability to maintain compliance with the listing rules of The Nasdaq Stock Market; rapid technological change; competition; the risk that our bid awards will not convert to contracts or that our contracts will not convert to revenue; market acceptance of our products; changes in accounting policies or practices adopted voluntarily or as required by accounting principles generally accepted in the United States; factors affecting our liquidity position and financial condition; government appropriations; the ability of the government and third parties to terminate their development contracts at any time; the ability of the government to exercise “march-in” rights with respect to certain of our patents; our ability to successfully market and sell our products internationally; delays in our timeline for bringing commercially viable products to market; our ability to develop additional commercially viable products in the future; our ability to implement our strategy; our ability to reduce our levelized cost of energy and deliver on our cost reduction strategy generally; our ability to protect our intellectual property; litigation and other proceedings; the risk that commercialization of our new products will not occur when anticipated or, if it does, that we will not have adequate capacity to satisfy demand; our need for and the availability of additional financing; our ability to generate positive cash flow from operations; our ability to service our long-term debt; our ability to increase the output and longevity of our platforms and to meet the performance requirements of our contracts; our ability to expand our customer base and maintain relationships with our largest customers and strategic business allies; and our ability to reduce operating costs, as well as other risks set forth in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2025. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement contained herein to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based.
Rithm Capital rozšířila správu aktiv na zhruba 59 miliard USD a tlačí na vyšší opakované poplatkové příjmy. Současně Newrez snížil náklady na obsluhu úvěru na 51 USD, ale firma dál čelí citlivosti na sazby.
Key Takeaways Rithm Capital expanded asset management to about $59B, aiming for more recurring fee income.RITM cut servicing costs per loan as technology initiatives target further efficiency gains in 2026.Rithm Capital still faces rate sensitivity as mortgage servicing rights drove a $204.2M fair-value decline. Rithm Capital Corp. (RITM - Free Report) is moving beyond a balance-sheet-heavy mortgage and real estate model. Its growth story now includes asset management, operating scale and technology-led efficiency at Newrez.
That shift matters because earnings still carry exposure to rates, mortgage servicing rights and fair-value swings. Investors may need to watch not only how much RITM earns, but how repeatable those earnings become.
How Rithm Capital Is Building Fee IncomeRithm Capital has been expanding its asset management platform across private credit, real estate, fund liquidity and other alternative strategies. The company had roughly $59 billion of assets under management as of March 31, 2026, up from $35 billion a year earlier.
Sculptor and Crestline are central to this push. Management has positioned the two as complementary platforms, with combined assets of roughly $60 billion managed and additional fundraising underway.
The strategy also fits Rithm Capital’s operating model. Newrez and Genesis can source asset-based finance opportunities that may feed investment products, giving the asset management arm a potential pipeline tied to businesses Rithm already controls.
Why RITM Wants More Scalable EarningsFee-centric operations can improve the quality of Rithm Capital’s earnings mix because they are less dependent on deploying balance-sheet capital. A larger asset management business could add recurring management fees and make growth more scalable.
That would be a meaningful contrast to income tied to mortgage assets, spreads and fair-value changes. Rithm Capital’s broader platform already spans mortgage origination and servicing, residential transitional lending, asset management, investment portfolio assets and commercial real estate.
Annaly Capital Management Inc. (NLY - Free Report) offers a useful industry comparison because it also operates in mortgage-related assets and mortgage servicing rights. PennyMac Mortgage Investment Trust (PMT - Free Report) , another mortgage-focused real estate investment trust, gives investors a second peer for judging how RITM’s platform breadth differs from more focused mortgage investment models. Viewed against NLY and PMT, RITM’s push toward asset management shows why scalability has become a more important part of its long-term earnings mix.
How Newrez Tech Could Change RITM MarginsNewrez remains Rithm Capital’s largest business and a core earnings engine. In the first quarter of 2026, it generated $273.7 million of pre-tax operating income, with $15.5 billion of funded production and $850 billion of servicing unpaid principal balance.
The next leg of the Newrez story is less about size alone and more about cost efficiency. Servicing costs per loan fell to $51 in the first quarter of 2026 from $54 in the prior quarter.
Technology is central to that margin effort. HomeVision automated underwriting tools, the ValonOS servicing transition and process automation are expected to reduce costs per loan over time. Management targets an additional 15% reduction from the current run rate in 2026.
Where Rithm Capital's Macro Exposure Still DominatesThe transition is still in progress, and macro exposure remains hard to ignore. As of March 31, 2026, nearly 20% of Rithm Capital’s total assets were directly tied to mortgage servicing rights and related financing receivables.
That exposure can work both ways. Higher rates generally support mortgage servicing rights valuations by reducing refinancing activity, but mortgage spreads, prepayment speeds and market volatility still affect results.
The first quarter showed how these forces can overshadow strategic progress. Rithm Capital reported a $204.2-million negative change in the fair value of mortgage servicing rights and related financing receivables, net of economic hedges.
How RITM's Ratings Reflect a Trend in ProgressThe bottom line is that Rithm Capital is building a more diversified, fee-oriented platform, but the stock does not yet carry the profile of a clear momentum story. The business mix is improving, while rate sensitivity and valuation swings remain major variables.
RITM currently carries a Zacks Rank #3 (Hold). That rank suggests a more balanced earnings estimate backdrop over the next one to three months rather than a clearly positive revision trend. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for 2026 and 2027 earnings has remained unchanged over the past month, pointing to a neutral setup.
Estimate Revision Trend
Image Source: Zacks Investment Research
The Style Scores reinforce that measured view. RITM has a Value Score of C, Growth Score of F, Momentum Score of D and VGM Score of F. Since Zacks Style Scores complement the Zacks Rank, weak Growth, Momentum and VGM readings indicate limited style-based support.
Over the past year, RITM shares have declined 18.1%, compared with the industry’s 19.1% decline.
Price Performance
Image Source: Zacks Investment Research
For now, RITM’s strategic direction is worth monitoring. The fee-income and technology-efficiency trends are encouraging, but the ratings and macro sensitivity argue for patience until estimate momentum or stock performance becomes more supportive.
Rithm Capital rozšířil aktiva vhodná k investování nad 100 miliard USD a aktiva ve správě dosáhla ve 1. čtvrtletí 2026 zhruba 59 miliard USD. Současně ale čelí vyšším nákladům, tlaku na likviditu a volatilitě mortgage servicing rights.
Key Takeaways Rithm Capital now spans servicing, lending, asset management, investments and commercial real estate.RITM grew investable assets above $100B as asset management reached about $59B by Q1'26.Rithm Capital faces higher costs, liquidity pressure and mortgage servicing rights volatility. Rithm Capital Corp. (RITM - Free Report) is no longer a narrow mortgage story. The company now blends mortgage origination and servicing, transitional lending, asset management, investment holdings and commercial real estate.
That broader platform gives RITM more earnings levers, but it also makes the stock harder to assess. Scale is visible, while costs, liquidity and rate sensitivity still shape the risk profile.
Rithm Capital Has More Than One Profit LeverRithm Capital reports five operating segments. Origination and Servicing remains the largest, with Newrez providing home loans and buying mortgages from other lenders.
Residential Transitional Lending, mainly through Genesis, adds construction, renovation and bridge loans. Asset Management brings fee-oriented exposure across private credit, real estate, fund liquidity and other alternative strategies.The Investment Portfolio adds exposure to mortgage and consumer credit assets. Commercial Real Estate adds Class A office properties. This mix creates more than one path to earnings.
Why RITM Is Expanding Beyond Mortgage CyclesThe logic is to reduce reliance on one housing or rate backdrop. Between the second quarter of 2025 and the first quarter of 2026, Rithm Capital expanded through Newrez, Genesis, Sculptor and Rithm Asset Management, while Crestline and Paramount added breadth.
That growth lifted investable assets beyond $100 billion. Asset management reached roughly $59 billion by the end of the first quarter of 2026, compared with $35 billion a year earlier. A larger asset-management business can make fee-related earnings a bigger part of the model.
How Newrez Still Anchors the Rithm Capital StoryNewrez remains the operating core. In the first quarter of 2026, it generated $273.7 million of pre-tax operating income, up from $249.1 million in the prior quarter.
Servicing scale is central to that earnings base. Servicing unpaid principal balance stood at $850 billion at the end of the first quarter of 2026, including $257 billion of third-party servicing.
Origination also remains meaningful. Funded production was $15.5 billion in the first quarter, down 18% sequentially but up 31% year over year, while total gain-on-sale margin improved to 1.44% from 1.37%.
Cost initiatives matter because scale is only valuable if margins hold. Servicing costs per loan declined to $51 from $54 in the prior quarter, and management is targeting further reductions through technology and automation.
Where Rithm Capital's Pressure Points RemainThe broader platform has come with a larger cost base. Total expenses were $1.24 billion in the first quarter, up from $419 million in the year-ago period, reflecting Elecor-related depreciation and amortization and higher operating expenses.
Liquidity is another concern. As of March 31, 2026, Rithm Capital had total liquidity of $1.4 billion, below total debt of $39.5 billion, including short-term and long-term debt.
Mortgage servicing rights still create volatility. Nearly 20% of total assets were directly tied to mortgage servicing rights and related financing receivables as of March 31, 2026.
That exposure matters because Rithm Capital reported a $204.2-million negative change in their fair value, net of economic hedges, in the first quarter. Integration is another test, as added scale must outpace fixed-cost pressure.
How Rithm Capital’s Ratings Match a Mixed SetupThe bottom line is that Rithm Capital has built a larger and more diversified financial platform, but the stock remains a balanced case rather than a clean growth story.
The stock has declined 18.1% over the past year compared with the industry’s fall of 19.9%, reflecting investor caution despite the company’s expanded platform and high dividend yield.
Price Performance
Image Source: Zacks Investment Research
The estimate picture also looks point to neutral setup. The Zacks consensus estimate for 2026 and 2027 earnings has been unchanged over the past month.
Estimate Revision Trend
Image Source: Zacks Investment Research
RITM currently carries a Zacks Rank #3 (Hold), which points to a neutral near-term setup. That fits a stock with visible operating scale and diversification benefits, but also cost, liquidity and rate-related risks that keep the investment case from looking cleaner. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Style Scores reinforce that mixed profile. RITM has a VGM Score of F, Value Score of C, Growth Score of F and Momentum Score of D. Since the Style Scores are designed to complement the Zacks Rank, the weak Growth, Momentum and VGM readings suggest investors are still waiting for stronger evidence that the broader platform can translate into better stock performance.
Investors tracking Rithm Capital can also compare it with Blackstone Mortgage Trust, Inc. (BXMT - Free Report) , a real estate finance company focused on commercial real estate debt investments. BXMT offers a useful comparison point because it also carries sensitivity to commercial real estate fundamentals and credit conditions.
NexPoint Real Estate Finance, Inc. (NREF - Free Report) is another relevant peer. The company originates, structures and invests in first mortgage loans, mezzanine loans, preferred equity and other structured financings tied to commercial real estate and multifamily assets. NREF's narrower real estate finance focus contrasts with Rithm’s broader mix of servicing, lending, asset management and investment portfolio exposure.
Rithm Capital nabízí dividendový výnos kolem 10,9 %, ale zůstává pod tlakem kvůli rizikům likvidity a expozici na mortgage servicing rights. Akcie se obchodují pod účetní hodnotou.
Key Takeaways Rithm Capital trades well below industry valuation levels and below book value.RITM has covered common dividends with earnings available for distribution for 26 straight quarters.Rithm Capital faces liquidity and mortgage servicing rights risks despite its income appeal. Rithm Capital Corp. (RITM - Free Report) gives income-focused investors plenty to notice. The stock trades at a low earnings multiple, carries a double-digit dividend yield and sits below book value.
That combination can signal opportunity, but it can also reflect risk. RITM’s leverage, liquidity position and exposure to mortgage-related assets make the discount harder to treat as a simple bargain.
Valuation Suggests RITM Is Trading at a Deep DiscountRITM is trading at 4.02X forward 12-month price-to-earnings, far below the industry average. The stock’s own history also shows that the valuation is near the low end of its five-year range. Over that period, RITM has traded as high as 8.71X forward earnings and as low as 3.81X, with a five-year median of 6.15X.
Price-to-Earnings F12M
Image Source: Zacks Investment Research
The book-value discount adds to that case. RITM’s price-to-book ratio is 0.68, compared with 3.23 for the industry.
How Rithm Capital Supports a Big DividendThe dividend is central to RITM’s appeal. Rithm Capital’s board announced a quarterly cash dividend of 25 cents per share on June 22, 2026, payable on July 31 to shareholders of record as of July 2.
That payout translates into an annualized dividend of $1.00 per share and a yield of roughly 10.9%. For income investors, that is difficult to ignore.
The payout also has operating support. Earnings available for distribution have exceeded common dividends for 26 consecutive quarters, helped by Rithm’s mix of mortgage origination and servicing, residential transitional lending, asset management and commercial real estate.
Annaly Capital Management Inc (NLY - Free Report) and Redwood Trust, Inc. (RWT - Free Report) appear in the same industry peer set, giving investors other mortgage and real estate finance names to compare against. NLY has a dividend yield of 12.6% while RWT has a dividend yield of 14.9%.
Why RITM Is Not an Easy Value CallDiscounted valuation does not automatically mean mispriced. RITM shares have declined 18.1% over the past year compared with the industry’s fall of 19.9%.
Price Performance
Image Source: Zacks Investment Research
The earnings revision backdrop is not giving investors much of a near-term catalyst either. Earnings estimates for 2026 and 2027 have been unchanged over the past month, and the stock is viewed as having limited upside potential in the near term because of weak fundamentals and the absence of positive estimate revisions.
Estimate Revision Trend
Image Source: Zacks Investment Research
What Rithm Capital's Debt Profile ImpliesThe balance sheet helps explain why investors may demand a discount. As of March 31, 2026, Rithm Capital had total liquidity of $1.4 billion, compared with total debt of $39.5 billion, including short-term and long-term debt.
That gap can matter during economic stress or market volatility. A weaker liquidity position could make it harder for the company to support its business if funding conditions tighten or asset values move sharply.
RITM also has meaningful exposure to mortgage servicing rights and mortgage-related assets. Nearly 20% of total assets were directly tied to mortgage servicing rights and related financing receivables as of March 31, 2026.
The sensitivity is visible in recent results. In the first quarter of 2026, Rithm recorded a $204.2-million negative change in the fair value of mortgage servicing rights and related financing receivables, net of economic hedges.
How RITM's Ratings Shape the Buy DebateThe bottom line is that RITM offers income and valuation appeal, but the risk profile keeps the buy case measured. The stock currently carries a Zacks Rank #3 (Hold), which points to a neutral short-term setup rather than a strong earnings-revision signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Style Scores add to that balanced view. RITM has a Value Score of C, which supports a moderate value argument but stops short of confirming the stock as a top-tier value setup. The weaker style readings are harder to overlook. RITM carries a Growth Score of F, a Momentum Score of D and a VGM Score of F. Those grades reinforce why the stock may fit cautious income seekers better than investors looking for clear growth or momentum strength.
Dell Technologies v 1. čtvrtletí fiskálního roku 2027 získala AI objednávky ve výši 24,4 mld. USD a uzavřela rekordní AI backlog ve výši 51,3 mld. USD. Firma zároveň čeká výhled tržeb za 2. čtvrtletí na úrovni 44–45 mld. USD.
Key Takeaways DELL booked $24.4B in AI orders and ended Q1 FY2027 with a record $51.3B AI backlog. DELL launched the PowerEdge XE8812 with NVIDIA to meet rising AI and HPC infrastructure demand. DELL expects Q2 FY2027 revenues of $44B-$45B, supported by AI servers and enterprise demand. Dell Technologies (DELL - Free Report) shares have surged 239.8% year to date, significantly outperforming the broader Zacks Computer & Technology sector's return of 18.6%.
The outperformance can be attributed to an innovative portfolio, expanding partner base, and growing AI footprint. In the first quarter of fiscal 2027, the company booked $24.4 billion in AI orders and recognized $16.1 billion in AI server revenues, exiting the quarter with a record $51.3 billion AI backlog.
The customer base for AI solutions surpassed 5,000, representing more than 50% over the past six months, with gains across neocloud, sovereign and enterprise customers.
DELL Benefits From Rising AI Infrastructure DemandDell Technologies’ expansion of its AI portfolio remains noteworthy. The company continues to strengthen the Dell AI Factory through collaborations with NVIDIA (NVDA - Free Report) , Alphabet’s (GOOGL - Free Report) cloud computing platform Google Cloud, OpenAI, xAI, ServiceNow, Palantir, Mistral and CrowdStrike, enabling integrated AI solutions across compute, storage, networking, software and services.
Building on this momentum, the company recently introduced the new PowerEdge XE8812 server as part of the Dell AI Factory with NVIDIA, aimed at addressing the growing demand for artificial intelligence and high-performance computing workloads. Powered by NVIDIA's Vera Rubin NVL4 architecture, the platform supports up to 144 GPUs per rack, making it one of the industry’s highest-density AI infrastructure offerings.
The new server is designed to support demanding workloads, including AI training, inference and scientific simulations, while delivering higher memory capacity, greater compute density and improved energy efficiency. These capabilities are expected to help enterprises and research institutions accelerate AI adoption and large-scale innovation initiatives.
The PowerEdge XE8812 strengthens Dell Technologies’ AI infrastructure portfolio and is expected to drive broader adoption of Dell AI Factory solutions, supporting the company's long-term growth prospects.
DELL’s Rich Partner Base Supports ProspectsDell Technologies’ growing partner base, which includes NVIDIA, Alphabet, OpenAI, ServiceNow, Palantir, Mistral, CrowdStrike and Advanced Micro Devices (AMD - Free Report) , is expected to support its long-term growth prospects.
DELL is bringing Alphabet’s Google Distributed Cloud and Gemini models on-premises with confidential compute to address data residency and sovereignty needs. The company is advancing the Dell AI Data Platform to help customers make enterprise data AI-ready at scale, with stronger orchestration, faster indexing of unstructured data and improved analytics performance.
In May 2026, Dell Technologies announced that Dell PowerEdge servers will support Advanced Micro Devices Instinct MI350P PCIe GPUs, equipping enterprises with a high-performance, cost-effective option to scale agentic and generative AI deployments. The company is enhancing the Dell AI Platform with Advanced Micro Devices to help scale AI workloads from pilot to production.
DELL Initiates Strong Q2 GuidanceDell Technologies’ expanding AI portfolio and growing partner ecosystem reflect strong long-term growth prospects.
For the second quarter of fiscal 2027, Dell expects revenues to be in the range of $44-$45 billion, implying year-over-year growth of roughly 50% at the midpoint, driven by continued strength in AI servers and enterprise demand.
The Zacks Consensus Estimate for second-quarter fiscal 2027 revenues is pegged at $44.85 billion, indicating year-over-year growth of 50.62%.
Non-GAAP earnings are expected to be $4.80 (plus or minus 10 cents). The consensus mark for earnings is pegged at $4.83 per share, up 52.8% over the past 30 days. The figure implies a year-over-year increase of 108.19%.
What Should Investors do With DELL Stock?Dell Technologies’ strong position in the rapidly expanding AI infrastructure market, robust AI demand and continued market share gains across servers, storage and PCs position the company well for sustained long-term growth.
Dell Technologies’ currently sports a Zacks Rank #1 (Strong Buy), making the stock an attractive investment option for growth-oriented investors. You can see the complete list of today’s Zacks #1 Rank stocks here.
