Allows full testing of TETRA MS radios, including transmitter parametric measurements, call processing and BER/MER loopback without the need to place radios in T1 test mode
, /PRNewswire/ -- VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) has announced a TETRA MS radio base station simulator option for its field-portable CX300 communications service monitor. The upgrade enables full testing without placing radios in T1 test mode, streamlining and accelerating validation of mission‑critical communication systems.
Allows full testing of TETRA MS radios, including transmitter parametric measurements, call processing and BER/MER loopback without the need to place radios in T1 test mode TETRA (terrestrial trunked radio), a global open standard for voice and data communications developed by the European Telecommunications Standards Institute (ETSI), operates independently of commercial cellular networks. It has been widely adopted by emergency services, government agencies and industries such as transport for its resilience, fast call setup, built-in high security encryption, group-voice push-to-talk calling, and direct device-to-device communications through Direct Mode Operation (DMO).
The TETRA MS upgrade is available via a software-keyed option on the CX300 and requires no additional hardware. It enables the full testing of TETRA MS radios, including transmitter parametric measurements (power profile, RF power, carrier frequency offset, burst timing, modulation accuracy), call processing and receiver BER/MER loopback without requiring the radio under test to be placed in T1 test mode. VIAVI provides migration support for existing users of the legacy 3920B platform.
"VIAVI has been the benchmark for TETRA radio testing for more than two decades, and the CX300 TETRA MS option is the next step in that tradition," said Wayne Wong, Director of Product Management, Radio Test, VIAVI. "This upgrade lets technicians test a TETRA mobile station the way it actually operates in the field, registering to a base station without requiring any special test mode on the radio."
The CX300 supports the testing of all major LMR/PMR protocols including TETRA, P25, DMR (MOTOTRBO) and NXDN. The device integrates spectrum analysis, signal generation and analysis, cable and antenna analysis, 2-port 1 path VNA, power measurement, audio analysis and VIAVI AutoTest automated alignment.
About VIAVI
VIAVI (NASDAQ: VIAV) is a global leader in test and measurement and optical technologies. Our test, monitoring, assurance, and resilient position, navigation and timing solutions enable and secure critical infrastructure ranging from data center ecosystems and communication networks to military, aerospace, railway and first responder communications. In addition, we develop and advance technologies used in high-volume optical applications across anti-counterfeiting, consumer electronics, aerospace, industrial and automotive end markets.
Learn more about VIAVI at www.viavisolutions.com. Follow us on VIAVI Perspectives, LinkedIn and YouTube.
Media Inquiries:
Grand Bridges
Emma Jenkins
[email protected]
+1 415 800 4529
NEW YORK--(BUSINESS WIRE)--MSCI Inc. (“MSCI” or the “Company”) (NYSE: MSCI) published an investor presentation for investors and analysts on its Investor Relations homepage, ir.msci.com, on Monday, June 15, 2026. The Company’s management may use this presentation during meetings with investors and analysts.
About MSCI Inc.
MSCI Inc. (NYSE: MSCI) strengthens global markets by connecting participants across the financial ecosystem with a common language. Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities so they can make better decisions and unlock innovation. We serve asset managers and owners, private-market sponsors and investors, hedge funds, wealth managers, banks, insurers and corporates.
Toronto, Ontario--(Newsfile Corp. - June 15, 2026) - White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) (FSE: 29W) ("White Gold" or the "Company") is pleased to announce that it has filed the requisite notice setting the record and meeting date in respect of an annual and special meeting (the "Meeting") of shareholders of White Gold (the "Shareholders"). At the Meeting, Shareholders will be asked to approve, among other things, a special resolution approving the proposed Spin-Out (as defined below).
The record date for the determination of Shareholders eligible to attend and vote at the Meeting has been set as June 29, 2026, and the Meeting will be held on August 11, 2026.
"The setting of these dates mark an important step toward completing the proposed Spin-Out as we continue to advance and execute on our stated milestones including our recently commenced and largest ever diamond drill program, the upcoming maiden PEA, and more, which we believe have the potential to make 2026 a transformational year. The W2 spinout has been designed to unlock the value of our prospective critical mineral projects by creating a dedicated publicly listed vehicle, with shares to be distributed to White Gold shareholders. This will also allow White Gold to increase its focus on advancing our flagship gold project - one of Canada's highest-grade undeveloped open pittable resources, which remains open for growth - and pursue additional discoveries across our district-scale land package in the Yukon's prolific White Gold District," stated David D'Onofrio, Chief Executive Officer, White Gold Corp.
The Spin-Out
Further to its press release dated May 5, 2026, White Gold intends to undertake a reorganization transaction (the "Spin-Out") whereby it will, among other things, spin-out its portfolio of copper, molybdenum, tungsten and other critical mineral properties located in west-central Yukon (the "Critical Mineral Assets") into a wholly owned subsidiary, W2 Critical Minerals Corp. ("Spinco"). The Spin-Out will be completed by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (Ontario) and subject to the terms and conditions of the arrangement agreement (the "Arrangement Agreement") entered into by the Company and Spinco.
Following completion of the Spin-Out, the Critical Mineral Assets to be held by Spinco will include six properties: the Bridget Property; the Loonie Property; the Wolf Property; the Hunker Property; the Hayes Property; and the Toonie Property. These properties include several large-scale critical minerals targets prospective for Copper (Cu), Molybdenum (Mo), Tungsten (W), Antimony (Sb), Zinc (Zn) and Bismuth (Bi). The Spin-Out is designed to unlock the value of White Gold's non-gold project portfolio.
Pursuant to the terms of the Arrangement Agreement, the Company will, among other things, transfer its interests in the Critical Minerals Assets to Spinco in exchange for common shares of Spinco ("Spinco Shares") and distribute Spinco Shares to the holders of common shares of the Company ("WGO Shares") on the basis of one Spinco Share for every five WGO Shares held by each Shareholder immediately prior to the effective date of the Spin-Out. There will be no change in the Shareholders' holdings in the Company as a result of the Spin-Out. Following completion of the Spin-Out, the Company is expected to hold an approximately 19% ownership interest in Spinco.
The Spin-Out will be subject to regulatory approval, including the approval of the TSX Venture Exchange (the "TSXV") and court approval, as well as approval by not less than two-thirds of the votes cast at the Meeting. Spinco intends to apply to list the Spinco Shares on the TSXV shortly following completion of the Spin-Out. Readers are cautioned that, while Spinco intends to pursue a listing on the TSXV, an application for listing has not been submitted and completion of a listing is subject to regulatory approvals and the satisfaction of all of the applicable listing requirements of the TSXV. There can be no assurance that a listing will be completed, and Spinco may elect not to proceed with a listing at any time in its sole discretion.
The Spinco Financing
In connection with the Spin-Out, Spinco intends to complete a private placement of up to 20 million subscription receipts of Spinco (the "Subscription Receipts") at a price of $0.25 per Subscription Receipt for gross proceeds of up to $5 million (the "SpinCo Financing"). On closing of the Spin-Out, the Subscription Receipts will automatically convert into Spinco Shares. Pending the closing of the Spin-Out, the proceeds from the sale of the Subscription Receipts will be held in escrow by a trust company and released to Spinco on closing of the Spin-Out. Completion of the Spinco Financing is a condition of the completion of the Spin-Out and Spinco intends to use the net proceeds of the Spinco Financing for exploration and advancement of the Critical Mineral Assets, as well as general corporate and working capital purposes.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the "United States" (as such term is defined in Regulation S under the U.S. Securities Act), and may not be offered or sold in the United States unless registered under the U.S. Securities Act and the securities laws of any applicable state of the United States or an exemption from such registration requirements is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additional details relating to the Spin-Out, Spinco, Spinco Financing and other Meeting matters will be included in the management information circular in respect of the Meeting to be filed and delivered to Shareholders in connection with the Meeting. Copies of the management information circular and related meeting materials will also be filed with the applicable Canadian securities regulators and available on the Company's profile on SEDAR+ (www.sedarplus.ca).
Figure 1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12394/301452_bec17ebe44340b30_001full.jpg
Critical Minerals Portfolio Overview (Figure 1)
Regional Setting -- The Dawson Range and Critical Mineral Belt
The Dawson Range is an east-southeast-trending mountain belt that hosts numerous significant mineral deposits and prospects along the Minto-Carmacks copper belt, including the Casino copper-gold porphyry deposit in the west owned by Western Copper and Gold. In the southeast near the community of Carmacks, the Minto mine owned by Selkirk Copper Mines Inc..(1)(2) contains indicated resources of 12,588,000 Mt grading 1.203 per cent Cu, 0.461 g/t Au, 1,728 ounces Ag for 333.8 Mlb copper, 186,600 oz gold, and 1,728,000 ounces silver and inferred resources of 23,658,000 t grading 1.048 per cent Cu, 0.387 g/t Au, 3.9 g/t Ag for 546.8 Mlb copper, 294,700 ounces gold and 2,968.1 ounces silver(3)(2). It also hosts the Carmacks Copper project, which contains measured and indicated resources of 36.25 Mt grading 0.81 per cent Cu, 3.25 g/t Ag, 0.26 g/t Au for 651 Mlb of copper, 3.79 M ounces silver and 302,000 ounces of gold, owned by Cascadia Minerals Ltd(4)(2). Both deposits are interpreted as metamorphosed copper-gold-silver porphyry systems. Porphyry deposits in the Dawson Range occur in two principal age groups: Late Triassic (for example, Minto, Carmacks) and Late Cretaceous (for example, Casino, Cash, Revenue). In addition to porphyry-style mineralization, the Dawson Range also hosts epithermal, skarn and polymetallic to gold-dominant veins, breccias and fracture zones. Owing to this diverse and prospective mineral endowment, the region has attracted increasing attention and investment in recent years from both junior and major mining companies.
The Critical Mineral Assets to be transferred to SpinCo in connection with the Spin-Out include six properties that collectively represent a pipeline of advanced to early stage critical mineral exploration opportunities across multiple metallogenic belts in Yukon. Highlights include:
Figure 2
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12394/301452_bec17ebe44340b30_002full.jpg
Bridget Property - Bridget Target (Mo-Cu-W-Bi-Ag)
A large untested porphyry system in the White Gold District
The Bridget target is a district-scale molybdenum-copper porphyry anomaly spanning 3 km by 3.5 km that has never been diamond drill tested. The soil geochemical footprint of the anomaly is characterized by Mo-in-soil values as high as 321.9 ppm Mo, including 278.9 ppm Mo, 265.4 ppm Mo, 263.5 ppm Mo, 257.2 ppm Mo, and 253.3 ppm Mo with over 400 additional samples returning values greater than 20 ppm Mo. Across the target, anomalous Cu-in-soil values exceeding 100 ppm Cu are common with the most significant enrichment occurring at the core with values as high as 710.1 ppm Cu, including 662.6 ppm Cu, 594.7 ppm Cu, 492.9 ppm Cu, 406 ppm Cu observed over a roughly 900 m x 900 m area. Other notably enriched critical minerals include tungsten (W), with the highest concentrations observed in the northern half of the target area, where soil sampling has yielded values up to 101 ppm W; a critical mineral of growing strategic importance. Secondary metals including bismuth, silver, lead, and zinc are concentrated along two major crustal-scale dextral transpressional faults that transect the margins of the system representing a peripheral epithermal expression of the porphyry system.
Follow-up prospecting has confirmed bedrock mineralization, with molybdenite directly identified in quartz veins across the target. Rock samples define a coherent porphyry-style metal zonation: a Cu-Mo-Bi core characterized by Mo-dominant quartz veins returning up to 3,650 ppm Mo, including 3,060 ppm Mo, 2430 ppm Mo in mineralized gneisses and schists, pyrite-bearing white quartz veins returning 532 ppm Mo and 234 ppm Cu, and trench samples up to 1,854 ppm Cu. Bismuth reaches 2,000 ppm in altered gneiss with 1,571 ppm Mo, and 836 ppm Bi in a quartz vein cutting hornblende gneiss. The peripheral zones carry the distal metal signature typical of large porphyry systems: a quartz-galena vein in orthogneiss returned 30.4 ppm Ag and 3,861 ppm Pb, while sampling along the margins of a rhyolite dyke returned 560 ppm W alongside elevated silver and lead.
Two rounds of induced polarization geophysics surveys, completed in 2023 and 2025, have moved Bridget from a geochemical anomaly into a drill-ready target. The 2023 survey identified five chargeability anomalies beneath the Cu-Mo-Bi core, with the most compelling centered at depths of at least 250 m, more than 180 m deeper than the maximum depth reached by the Company's 2018 shallow RAB program. Those holes, limited to 70 m vertical depth with several failing to reach target depth, still intersected molybdenum mineralization: hole PEDBRGRAB18-009 returned 622.3 ppm Mo over 1.5 m from 12.2 m and 631.9 ppm Mo over 1.5 m from 30.5 m. A 2025 ten-line gradient IP survey supplemented by a single Dipole-Dipole survey across the center of the anomaly has confirmed the results of the 2023 survey while adding additional targeting opportunities in the northwestern and southeastern margins of the anomaly.
The Bridget target sits within the Dawson Range mineral belt, transected by the Sixtymile River Fault and Big Creek Fault, the same fault corridors associated with major porphyry and epithermal systems in the region. An initial technical report on this property will be filed in connection with the Spin-Out.
Loonie property -- Guilder target
A 3.5 km anomaly interpreted as the extension of a copper-gold prospect now supported with IP geophysics
The Guilder target occupies the north-central portion of the Loonie property, approximately 50 km south of Dawson City, and is interpreted as the northwestern strike extension of a copper-gold prospect. The connection is supported by a continuous 3.5 km long, arcuate Cu-Mo-Au-Zn-Pb soil anomaly that trends northwest-southeast across both properties and displays a classic metal zonation: gold-dominant at the northwestern end, transitioning to copper-dominant, with lead and zinc forming a peripheral halo around the copper core.
Prospecting has uncovered malachite and chalcocite mineralization hosted by quartz-feldspar-biotite schist near an augen gneiss contact. Rock samples from this showing returned 1,115 ppm Cu and 6.1 g/t Ag, confirming that meaningful copper and silver grades exist at surface.
In 2025, White Gold completed a 13-line gradient IP survey with a single dipole-dipole line across the Guilder target. Preliminary results have confirmed the presence of a central chargeability anomaly and a second anomalous zone to the south, suggesting subsurface conductors are present beneath the surface copper geochemistry. Interpretation is ongoing and will be used to define priority drill targets. The Guilder target is an early-stage, drill-ready target.
Wolf property -- Aries and Taurus targets
The Aries target on the Wolf property is an interpreted porphyry system that is characterized by a central zone of copper and molybdenum anomalies, surrounded by a large peripheral zone enriched in bismuth, arsenic, lead and zinc. This forms a footprint measuring approximately four km in length (northeast-southwest) and three km in width (northwest-southeast). To the northeast, the Aries target transitions from a gold-dominant system into a potential porphyry system. This area's molybdenum-in-soil values reach as high as 51.4 ppm, with the bulk of the anomaly showing values above 5 ppm. Copper-in-soil values peak at 923.9 ppm, with notable results such as 637.8 ppm, 630.8 ppm and 600.6 ppm Cu, located near areas enriched in arsenic and bismuth. Previous drilling on the property has been gold-focused and the property remains largely untested and prospective for several critical minerals including Mo and Cu.
The Wolf property is located east of the White River, approximately 120 km south-southwest of Dawson City and 35 km west of the White Gold project. Two main target areas have been identified on the property, the Aries and Taurus targets. The area is predominantly underlain by hornblende-biotite diorite intruded by medium-grained and megacrystic K-feldspar granites. These intrusions are associated with widespread biotite and potassic alteration, which are key indicators of potential porphyry mineralization.
To the north and northeast, the property is underlain by Late Cretaceous Carmacks volcanic units, including andesite and basalt flows, and siliciclastic basal conglomerates. Cu-Mo enrichment appears to be localized along the contact between these volcanic units and the adjacent granites while gold mineralization is concentrated in the southwestern part of the property (Taurus target) in shreddy biotite and k-spar altered hornblende-biotite diorites. The Taurus target features a gold-in-soil anomaly that spans approximately two km long by 0.5 km wide, with gold values reaching 358 ppb Au. The anomaly has an arcuate shape, trending east-west in the southwest and curving northeast-southwest to the east. GT Probe bedrock sampling returned gold values up to 1.22 g/t Au, with several samples exceeding 0.5 g/t Au. In 2023 RAB drilling of the target returned gold values of up to 0.81 g/t Au over 15.24 m from 19.81m (hole WLFTRS23RAB002) including 6.55 g/t Au over 1.52 m, along with 0.32 g/t Au over 30.47 m) from 13.72 m in hole WLFTRS23RAB002.
Hunker Property - Boxcar, Bum & Mint Pup Targets (Cu-Ag-Au-Pb-Zn)
Three distinct copper occurrences in the heart of the Klondike.
Situated in the historically productive Klondike Gold Fields roughly 25 km southeast of Dawson City, the northern portion of the Hunker property hosts three separate copper occurrences - the Boxcar, Bum, and Mint Pup targets - that together define a district-scale copper-silver system that has seen abundant surface sampling but almost no systematic follow-up exploration.
The Boxcar target is interpreted as a Besshi-type volcanogenic massive sulphide (VMS) system hosted within a northwest-trending fault zone. Trenching has encountered significant multi-metal mineralization, including up to: 33.19 g/t Ag, 2.32% Cu, 1.78% Pb, and 0.30% Zn over 0.5 m, and 221.99 g/t Ag, 3.76% Cu, 14.4% Pb, and 0.24% Zn over 1.0 m. A 2021 prospecting sample from the fault zone returned copper exceeding 10,000 ppm alongside 8,937 ppb Pb, 5,279 ppm Zn, and anomalous cobalt and silver, associated with malachite, azurite, copper wad, goethite, hematite, and suspected cassiterite - a mineralogical assemblage pointing to a well-preserved, near-surface system that warrants structural and geophysical follow-up.
The Mint Pup target is the largest of the three primary anomalies; a broad Cu-Au soil anomaly measuring approximately 2.4 km by 3.0 km straddling the ridges between Gold Bottom Creek and Hunker Creek, with gold-in-soil values up to 1,096 ppb Au and copper-in-soil up to 475.9 ppm Cu. GT-Probe bedrock sampling returned values to 1.195 ppm Au, with a 90 m section of 19 consecutive samples all grading above 0.02 ppm Au.
The Hunker property sits within one of the more productive placer gold drainages in the Klondike, where Hunker Creek and its tributaries - including Gold Bottom Creek - have produced more than 1.8 million crude ounces of gold since 1897 (van Loon, 2019). The diversity of copper, silver, lead, zinc, and gold mineralization styles across the Boxcar, Bum, and Mint Pup targets points to a geochemically complex, multi-element system that has never been systematically explored at depth.
Hayes Property - Isaac Target (Cu-Mo-Ag-Zn-Pb-Bi-W-Li)
Porphyry geochemical zonation across a 3.3 km footprint. Eight drill targets identified.
The Isaac target sits 38 km east of the Casino copper-gold deposit and is associated with Late Cretaceous Prospector Mountain suite intrusives. Soil sampling across >1500 samples defines a geochemically zoned multi-element anomaly spanning approximately 3.3 km east-west by 2.5 km north-south, with a Bi-As-Cu-Mo-enriched core of roughly 1,200 m by 650 m surrounded by a broad halo of anomalous silver, lead, and zinc.
Anomalous copper-in-soils occurs in the southern portion of the core, and a relatively small area of anomalous molybdenum occurs near the core's northern margin. Within the peripheral halo, silver-in-soil values range from 1 ppm Ag to as high as 16.9 ppm Ag, including 12.3 ppm Ag, 12.2 ppm Ag, 11 ppm Ag, 10.2 ppm Ag, 9.8 ppm Ag, while values > 3 ppm Ag are very common. Also, within this halo, lead-in-soil values occur as high as 3310.4 ppb Pb including 957.5 ppm Pb, 832.8 ppb Pb, 748 ppm Pb, 689.1 ppb Pb, with associated zinc-in-soil values as high as 1747 ppb Zn including 1360 ppm Zn, 1137 ppm Zn, 941 ppm Zn, 763 ppm Zn, 729 ppm Zn, and 713 ppm Zn.
Prospecting across the target in 2022 returned chalcopyrite and galena in direct association across multiple rock types, confirming primary sulphide mineralization at surface. The strongest 2022 sample, from chlorite-altered brecciated biotite-feldspar-quartz gneiss with disseminated cpy-gn in a zone of epidote veining, returned 106 ppm Mo, 731 ppm Cu, 27.3 ppm Ag, 1,048 ppm Pb, and 3,100 ppm Zn. Other notable 2022 results include a py-gn-cpy mineralized silicified rhyolite returning 20.6 ppm Ag and 2,625 ppm Pb, and a silicified felsic dyke with fresh chalcopyrite returning 814 ppm Cu and 16.7 ppm Ag. Lithium is elevated broadly across the target with multiple rock samples returning values exceeding 800 ppm Li, including two samples returning over limits of greater than 2,000 ppm Li hosted in diorite, gneiss, and rhyolite. Follow-up gridded rock sampling across 88 samples in 2024 validated the 2022 results and returned values up to 67 ppm Mo from a diorite intrusion, 459 ppm Cu, 1,954 ppm Zn, 3,778 ppb Ag, 345 ppm Bi, and 117 ppm W. Stockwork veining is described across multiple stations and fluorite has been identified in silicified rhyolite. Hyperspectral analysis of 2022 rock samples identified phyllic and potassic alteration in the core with propylitic overprinting on the southern margins.
In 2023, two deep-penetrating IP-resistivity lines delineated eight discrete chargeability anomalies beneath the target. The Isaac target has never been drilled.
Toonie Property - Deux Target (Au-Cu-Zn-Mo-Ag)
RAB drilling has confirmed broad multi-element mineralization in all four holes. Prospective porphyry signatures identified.
The Toonie property lies approximately 45 km south-southeast of Dawson City and is predominantly underlain by Late Cretaceous Carmacks volcanic rocks; a package that has increasingly been recognized as a host for copper and polymetallic mineralization across the region. Exploration on the Deux target has progressed through two systematic phases.
In 2018, initial GT Probe sampling outlined a broad but coherent, low-level multi-element surface anomaly (0.258 g/t Au, 4.6 g/t Ag, 412 ppm Cu, 1,663 ppm Zn, 843 ppm Pb, and 71 ppm Mo), spatially associated with resistivity boundaries and interpreted structural controls in the volcanic package. A follow-up 2023 RAB drilling program confirmed widespread, shallow multi-element mineralization in all four holes. Hole TOODEU23RAB001 returned 24.4 m of 0.235 g/t Au and 525.4 ppm Cu from surface, including 6.1 m grading 0.327 g/t Au and 598.3 ppm Cu, plus a separate 4.57 m interval with 3,525 ppm Zn. Hole TOODEU23RAB003 intersected 76.2 m averaging 386 ppm Cu, with individual samples up to 676.4 ppm Cu and 2,368 ppm Zn, demonstrating the scale of the copper-zinc system.
Quartz veining, sericite and chlorite alteration, and oxidized fractures are most common in intervals carrying the strongest copper and zinc values. Geochemical work on the Carmacks volcanic units indicates porphyry-style prospectivity and a zoned metal pattern, with an Au-Mo-Cu core and more distal Zn-Pb-Ag, consistent with a buried intrusion-related system. Although gold remains the primary focus, the broad Cu-Zn intervals provide a strong critical-minerals rationale for including Toonie in the Spin-Out as an early-stage, drill-ready Au-Cu-Zn target.
Qualified Person
Steven Walsh, P.Geo. and Senior Geologist for the Company is a "qualified person" as defined under National Instrument 43-101 - Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.
About White Gold Corp.
The Company owns a portfolio of 15,364 quartz claims across 21 properties covering 305,102 hectares (3,051 km2) representing approximately 40% of the Yukon's emerging White Gold District. The Company's flagship White Gold project hosts four near-surface gold deposits which collectively contain resource estimate of 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.2 million tonnes grading 1.22 g/t Au) (see the Company's news release dated October 6, 2025)(5)(6). Regional exploration work has also produced several other new discoveries and prospective targets on the Company's claim packages which border sizable gold discoveries including the Coffee project owned by Talamore Mining (formerly Fuerte Metals) with Measured and Indicated Resources of 80.0.2 Mt grading 1.15 g/t Au for 2.96 million ounces of gold, and Inferred Resources of 21.2 Mt grading 1.17 g/t Au for 0.80 million ounces gold(7)(2), and Western Copper and Gold Corporation's Casino project which has Measured and Indicated Resources of 2,490.7 Mt grading 0.18 g/t Au, 0.14% Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper, and Inferred Resources of 1,412.5 Mt grading 0.14 g/t Au, 0.10% Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper(1)(2). For more information visit www.whitegoldcorp.ca.
(1) See Western Copper and Gold Corporation technical report titled "Casino project, Form 43-101F1 Technical Report Feasibility Study, Yukon Canada", Effective Date June 13, 2022, Issue Date August 8, 2022, NI 43-101 Compliant Technical Report prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., Daniel Friedman, P.Eng., Scott Weston, P.Geo., available on SEDAR+.
(2) The QP has been unable to verify the information. The information is not necessarily indicative to the mineralization on the properties that are subject of the disclosure.
(3) See December 1, 2025 News Release "Selkirk Copper Announces Initial Drill Results - Successfully Expands Minto North West Zone with a High-Grade Intercept of 5.21% Cu, 0.47 g/t Au, 26.68 g/t Ag over 8.7m within a broader zone of 2.39% Cu, 0.32 g/t Au and 11.61 g/t Ag over 23.4 m in drill hole 25SCM001.
(4) See Cascadia Minerals New Release dated June 9, 2025 "Cascadia Minerals and Granite Creek Copper Announce Merger to Create a Leading Yukon Copper-Gold Exploration and Development Company".
(5) See October 6, 2025 News Release "White Gold Corp. Files Technical Report Demonstrating Significant 44% Increase in Indicated Resources to 1,732,300 oz Gold (35.2 million tonnes grading 1.53 g/t) and 13.4% Increase in Inferred Resources to 1,265,900 oz Gold (32.2 million tonnes grading 1.22 g/t) at its Flagship White Gold Project, Yukon, Canada" https://www.whitegoldcorp.ca/news/white-gold-corp-files-technical-report-demonstrating-significant-44-increase-in-indicated-resources-to-1732300-oz-gold-352-million-tonnes-grading-153-gt-and-134-increase-in-inferred-resources-to-1265900-oz-gold-322-million-ton.
(6) All numbers are rounded. Overall numbers may not be exact due to rounding.
(7) See Fuerte Metals press release titled "Fuerte Announces Transformational Acquisition of the Coffee Project from Newmont Corporation" dated September 15, 2025.
Cautionary Note Regarding Forward Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the Spin-Out, including the basis of the Spin-Out, the terms of the Spinco Financing, the receipt of the required shareholder, regulatory, court and stock exchange approvals in connection with the Spin-Out, listing of the Spinco Shares, the anticipated benefits of the Spin-Out, the assets to be transferred to Spinco in connection with the Spin-Out; the exploration and development potential of the assets to be transferred to Spinco; the Company's retained interest in Spinco; the date of the Meeting and the record date for the Meeting; and anticipated strategic and growth opportunities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, completion of the Spin-Out, including completion of the Spinco Financing and the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court and shareholder approvals; the ability of the parties to satisfy, in a timely manner, the other conditions to the completion of the Spin-Out; that the anticipated benefits of the Spin-Out will be realized; that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: the failure to obtain shareholder, regulatory, court or stock exchange approvals in connection with the Spin-Out; failure to complete the Spinco Financing; failure to realize the anticipated benefits of the Spin-Out or implement the business plan for Spinco; the diversion of management time on transaction-related issues; expectations regarding negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approval.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
The AI buildout’s real bottleneck is the steel, copper, and chilled water surrounding the GPUs. The stock at the center of that story just pulled back, and Investor’s Business Daily flagged the chart as a textbook setup. Comfort Systems USA (NYSE:FIX | FIX Price Prediction) Comfort Systems carries a composite rating of 97, an EPS rating of 99, and an RS rating of 95, yet sits roughly 10% off its highs after staging an upside reversal on the weekly chart. Five names below sit directly in the line of fire of the AI cooling capex wave. If the cooling capex wave plays out, these are the names positioned to capture it.
1. Comfort Systems USA: The HVAC Contractor Hiding an AI Backlog Most investors hear “mechanical contractor” and tune out. They shouldn’t. Comfort Systems USA is the team that physically builds the cooling guts of hyperscale data centers, and data center and technology infrastructure now accounts for roughly 45% of company revenue. The host on Stock Market Today With IBD put it bluntly: “I am looking at getting into this one myself. So maybe tomorrow, we’ll see.” Both IBD’s Swing Trader and Leaderboard already hold the name.
The Q1 FY2026 earnings report is the engine behind the setup. EPS landed at $10.51 versus $6.81 consensus, a 54% beat, marking four consecutive quarters of consensus beats. Organic revenue growth hit 51% year-over-year, and backlog swelled to $12.45 billion, nearly double the $6.89 billion from a year earlier. The chart pause is what IBD loves: “This was a nice little flat area letting that moving average line really kind of catch up to it.”
The kicker: this is the contractor. The equipment going into those buildings is sourced from a separate set of suppliers, and the order books at those vendors tell an even louder story.
2. Eaton: The Power Half of the Equation Caught a Cooling Tailwind Eaton (NYSE:ETN) has long been the electrical backbone story. The new wrinkle: in Q1 FY2026 the company closed $11 billion in acquisitions, including $9.55 billion for Boyd Thermal, a direct bet that thermal management is the next leg of data center spend. Reddit caught the angle before the sell side did. A wallstreetbets thread titled “Eaton (ETN) – The unseen datacenter power infrastructure play the market is too regarded to appreciate” drove the ticker’s sentiment score to 82, very bullish.
The fundamentals back it. Electrical Americas orders rose 42% organically on a 12-month rolling basis, driven by data center demand. Total Electrical backlog expanded 48%, and management raised FY2026 adjusted EPS guidance to $13.05 to $13.50. Shares are up 23% year to date but down about 4% over the past month, putting the multiple back inside reach.
Eaton is the diversified giant. The next name is the pure-play that institutions added to the S&P 500 this spring, and it just gave investors a window to buy it on sale.
3. Vertiv Holdings: The S&P 500 Add With a $15 Billion Order Book If there is an obvious heavyweight in AI cooling, it’s Vertiv Holdings (NYSE:VRT). The company designs the precision power and liquid cooling systems that hyperscalers order by the rack. It joined the S&P 500 in March 2026, and the order book has gone vertical: Q4 FY2025 organic orders surged 252% year-over-year, the strongest order quarter in company history, lifting backlog to $15.0 billion with a book-to-bill around 2.9x.
Q1 FY2026 carried the momentum forward. Adjusted EPS hit $1.17 versus $1.01 consensus, Americas organic revenue jumped 53%, and free cash flow surged to $652.8 million, up 147%. Management responded by raising FY2026 guidance to $13.5 billion to $14.0 billion in net sales with adjusted EPS of $6.30 to $6.40. CEO Giordano Albertazzi told investors: “data center infrastructure requirements evolve significantly… customers prioritizing optimized design, deployment speed, and operational efficiency… positioned to be the partner customers need.”
Here’s the entry: shares are down 18% over the past month despite being up 87% year to date. Reddit chatter spiked accordingly, with the highest activity score in the dataset on June 5 alongside a bullish 68 sentiment reading.
4. nVent Electric: The Quiet Backlog Story nVent Electric (NYSE:NVT) does not get the billboards, but it sells the racks, enclosures, and connection systems that physically host AI servers. CEO Beth Wozniak framed Q1 directly: “tremendous start to the year with record sales and orders, and our backlog increased to $2.6 billion… growth across all verticals, with infrastructure leading, driven by broad-based data center growth in both the gray and white space.”
The numbers explain why management felt confident enough to lift the bar twice. Q1 revenue rose 54% year-over-year to $1.24 billion, a 12% beat. Systems Protection sales jumped 76% reported and 50% organic. Full-year guidance was raised to reported sales growth of 26-28% and adjusted EPS of $4.45 to $4.55, up from a prior range of $4.00 to $4.15.
nVent does the picks and shovels. The next name signs the picks-and-shovels supply contracts directly with the hyperscalers themselves, and the dollar figure on its newest deal will make you sit up.
5. Modine Manufacturing: The $4 Billion Hyperscale Punchline I have been studying the data center thermal stack for the better part of two years, and Modine Manufacturing (NYSE:MOD) is the cleanest expression of the trade I have found. CEO Neil Brinker spelled it out: “landmark $4 billion long-term agreement for chiller sales with a major hyperscale customer, cementing Modine’s position as a critical partner for data center cooling.” That contract runs 2027 through 2029. On top of it, the company is spinning off Performance Technologies via a Reverse Morris Trust with Gentherm, leaving Modine a pure-play climate and data center thermal business by year-end 2026.
The Q4 FY2026 results already show the inflection. Data Center sales rose 158% year-over-year and crossed $400 million in quarterly revenue. Management raised the multi-year data center growth outlook to 50-70% annually, ahead of the prior $2 billion FY28 revenue target. FY2027 guidance now calls for net sales growth of 20-35% and adjusted EBITDA of $650 million to $680 million.
The setup is constructive on the chart. Shares are up 105% year to date but down 2% over the past month, holding above the 50-day moving average. Eight analysts cover the name with seven Buy ratings and one Strong Buy, and a $340.86 average price target against a current price near $274.
The Setup AI workloads are forcing a generational rebuild of data center cooling and power, and these five companies are the contractors, equipment makers, and pure-plays writing the checks back to themselves in the form of backlog. Comfort Systems gave you the IBD-grade chart pause. Modine handed you a $4 billion hyperscale contract on a platter. Both setups exist right now. Whether they persist at these prices is the question worth tracking.
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) President and Chief Executive Officer Rod Larson will participate in a fireside chat at the J.P. Morgan Natural Resources Conference in New York on Tuesday, June 23, 2026. Mr. Larson and Senior Director, Investor Relations Hilary Frisbie will also host meetings with institutional investors.
Oceaneering’s most recent presentation is available on the Investor Relations page of Oceaneering's website at www.oceaneering.com.
Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.
For more information, please visit www.oceaneering.com.
NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Select Medical Holdings Corporation’s (NYSE: SEM) board of directors and senior management for potential breaches of their fiduciary duties to shareholders in connection with the pending sale of the company for $16.50 per share as announced on March 2, 2026.
If you are a current shareholder of Select Medical, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/select-medical-merger-lawsuit
Why is Select Medical being Investigated?
On March 2, 2026, Select Medical announced that it had agreed to be acquired by a consortium led by: Robert A. Ortenzio, Select Medical’s co-founder; Martin F. Jackson, Select Medical’s Senior Executive Vice President of Strategic Finance and Operations; and Welsh, Carson, Anderson & Stowe (“WCAS”), a private equity company which has longstanding historical ties to Russel L. Carson, a director on Select Medical’s board of directors.
The merger will eliminate all holdings of Select Medical stock in exchange for $16.50 per share in cash, except that Ortenzio, Jackson and certain entities affiliated with them are being allowed to “rollover” their holdings into the post-merger company. The opportunity to “rollover” is not being extended to public stockholders.
The merger was approved by a special committee of Select Medical’s board of directors and is conditioned on approval by Select Medical’s stockholders.
The stockholder vote is scheduled for June 26, 2026. The merger could close shortly after that vote occurs, which could limit stockholders’ ability to investigate the fairness of the merger.
BFA is investigating whether Select Medical’s board of directors, together with members of the company’s senior management, have breached their fiduciary duties to Select Medical stockholders in connection with the negotiation and execution of the merger, including the public disclosures the company has made seeking stockholder approval.
Click here for more information: https://www.bfalaw.com/cases/select-medical-merger-lawsuit
What Can You Do?
If you are a current holder of Select Medical Holdings Corporation stock, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
BMI Investors Have Opportunity to Lead Badger Meter, Inc. Securities Fraud Lawsuit with the Schall Law Firm PR Newswire
LOS ANGELES, June 15, 2026
, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Badger Meter, Inc. ("Badger" or "the Company") (NYSE: BMI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between April 18, 2024 and April 16, 2026, inclusive (the "Class Period"), are encouraged to contact the firm before August 3, 2026.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Badger Meter claimed its financial performance was based on "secular growth drivers," and "solid operating execution." The Company touted "strong" demand and a "long runway" for growth. In truth, the Company's performance was partially based on pulling forward customer orders to recognize revenue early. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Badger Meter, investors suffered damages.
Join the case to recover your losses
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335 [email protected]
View original content to download multimedia:https://www.prnewswire.com/news-releases/bmi-investors-have-opportunity-to-lead-badger-meter-inc-securities-fraud-lawsuit-with-the-schall-law-firm-302799936.html
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in OWL over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Planet Fitness, Inc. (NYSE:PLNT) for potential securities fraud after its significant stock drop.
If you invested in Planet Fitness, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit.
Key Details of the Planet Fitness ($PLNT) Class Action Investigation:
Investigation Overview: Securities fraud regarding Planet Fitness’s failed marketing campaign that alienated the company’s core market and led to disappointing membership growth during the key Q1 sign-up period.Stock Decline: May 7, 2026 – 31% Stock DropAction: Contact BFA Law to discuss your rights Why is Planet Fitness Being Investigated for Securities Fraud?
Planet Fitness is a large franchisor and operator of fitness centers across the United States. The company aims to offer a fitness experience in a non-intimidating environment, which it calls the Judgement Free Zone.
BFA is investigating whether Planet Fitness made false and misleading statements to investors regarding the purported success of its marketing campaign to focus on “fitness-minded” members.
Why did Planet Fitness’s Stock Drop?
On May 7, 2026, Planet Fitness released its Q1 2026 financial results. The company announced disappointing membership growth and cut 2026 revenue growth guidance from approximately 9% to about 7% and adjusted EBITDA growth guidance from roughly 10% to approximately 6%. During the same-day earnings call, the company stated that its marketing “may have pivoted too far” as the company “shift[ed] from [its] lighthearted approachable tone” to one that “increased penetration with the fitness-minded.”
This news caused the price of Planet Fitness stock to decline $19.95 per share, or 31%, from a closing price of $63.96 per share on May 6, 2026, to $44.01 per share on May 7, 2026.
Click here for more information: https://www.bfalaw.com/cases/planet-fitness-class-action-lawsuit.
What Can You Do?
If you invested in Planet Fitness, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) is providing an update on the non-binding term sheet (the “Term Sheet”) entered into with Gillon Capital, LLC (“Gillon Capital”) regarding a proposed private placement (the “Private Placement”), as previously disclosed in the Corporation’s news release dated May 20, 2026.
In connection with the Term Sheet, the Corporation has entered into an exclusivity agreement with Gillon Capital providing for a 120-day period of exclusive negotiations with respect to the Private Placement. The period of exclusivity was entered into to allow the parties to complete their respective due diligence reviews and negotiate a definitive agreement with respect to the Private Placement.
Since the announcement of the Term Sheet, the parties have each engaged financial, legal and other advisors and are working collaboratively to navigate the legal, regulatory and commercial complexities identified through the due diligence process to date, including matters arising from the Corporation’s operations in Cuba and the U.S. regulatory and sanctions environment. The parties continue to engage constructively with relevant governmental and regulatory authorities, as well as other stakeholders, in furtherance of these matters.
The Private Placement remains subject to the execution of definitive documentation, satisfaction of customary conditions, the approval of the U.S. Department of the Treasury’s Office of Foreign Assets Control, and the receipt of all required regulatory approvals, including the approval of the Toronto Stock Exchange. There can be no assurance that these complexities will be resolved on terms satisfactory to both parties or at all, or that the Private Placement will be completed, or completed on the terms previously described, or completed in a timely manner.
Board of Directors Update
The board of directors of the Corporation (the “Board”) is actively engaged in a process to recruit additional qualified candidates for appointment as independent directors. The Corporation is pleased to announce the appointment of Tabrez Khan as an independent director effective June 12, 2026, bringing deep M&A, financial and strategic advisory experience to the Board. Tabrez Khan was nominated to the Board by Kyma Capital Opportunities Master Fund Limited (“Kyma”), pursuant to Kyma’s nomination right under the investor rights agreement dated as of April 22, 2025 between the Corporation and Kyma.
Tabrez Khan is an accomplished resource sector leader with more than 20 years of experience in global transactions and strategic advisory bringing significant experience advising public and private companies, financial institutions and government stakeholders on large-scale transactions, restructurings and strategic initiatives. He is a Partner and co-founder of GENesis Capital Advisory, where he advises clients, including critical minerals and energy companies on strategy, M&A and financing, with a strong track record of originating and executing complex cross border transactions. He previously spent over two decades with Ernst & Young, where he held senior leadership roles in leading origination of transactions and advising on strategic initiatives for resource sector clients. He is a Chartered Accountant and holds a Global Executive MBA from INSEAD.
Concurrent with Tabrez Khan’s appointment to the Board, he was appointed to the audit committee of the Board (the “Audit Committee”). Following Tabrez Khan’s appointment, the Audit Committee consists of Dr. Peter Hancock, Chih-Ting Lo, and Tabrez Khan. As Dr. Peter Hancock is the interim Chief Executive Officer of Sherritt, he is not considered independent under National Instrument 52-110 – Audit Committees (“NI 52-110”). Sherritt is relying on the temporary exemption provided in Section 3.5 of NI 52-110 for Dr. Peter Hancock’s membership on the Audit Committee. Following Tabrez Khan’s appointment, the Audit Committee is compliant with the requirements of NI 52-110 and the rules of the Toronto Stock Exchange.
As previously announced, the Corporation is currently subject to a failure-to-file cease trade order, effective May 21, 2026, as a result of the Corporation’s failure to file its first quarter 2026 interim financial statements, management’s discussion and analysis and related officer certifications (the “Quarterly Documents”). The Corporation anticipates filing the Quarterly Documents in the coming weeks. The resumption of trading in Sherritt’s shares is subject to regulatory and stock exchange approval. Sherritt will continue to provide timely public disclosure as circumstances develop.
About Sherritt
Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.
Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.
Forward-Looking Statements
Certain statements and other information included in this press release may constitute “forward -looking information” or “forward-looking statements” (collectively, “forward-looking statements”) under applicable securities laws (such statements are often accompanied by words such as “anticipate”, “forecast”, “expect”, “believe”, “may”, “will”, “should”, “estimate”, “intend” or other similar words).
All statements in this press release, other than those relating to historical information, are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the Private Placement, including the completion and timing thereof, the terms on which it may be completed and the receipt of all required approvals; the ability of the parties to complete their respective due diligence reviews and negotiate a definitive agreement during the period of exclusivity; the ability of the parties to resolve the legal, regulatory and commercial complexities identified through due diligence; the ongoing engagement with relevant governmental and regulatory authorities and other stakeholders in furtherance of the regulatory approvals and other matters required to complete the Private Placement; the board of directors’ process to identify and recruit additional qualified candidates for appointment as independent directors; and the anticipated timing of filing the Quarterly Documents.
The Corporation cautions readers of this press release not to place undue reliance on any forward-looking statement as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements. Such factors include, without limitation, continued risks related to Sherritt’s operations in Cuba and future actions taken by the U.S. government toward Cuba, including with respect to the Executive Order; level of liquidity of Sherritt, including access to capital and financing; the risk to or loss of Sherritt’s entitlements to future distributions (including pursuant to the Cobalt Swap) from the Moa JV; the inability of the Corporation to comply with debt restrictions and covenants; the inability of the Corporation to comply with the listing requirements of the Toronto Stock Exchange or another recognized stock exchange; uncertainty in the ability of the Corporation to enforce legal rights in foreign jurisdictions; uncertainty regarding the interpretation and/or application of the applicable laws in foreign jurisdictions; tax risks; political, economic and other risks of foreign operations; security market fluctuations and price volatility; risks related to environmental liabilities including liability for reclamation costs, tailings facility failures and toxic gas releases; compliance with applicable environment, health and safety legislation and other associated matters; risks associated with governmental regulations regarding climate change and greenhouse gas emissions; risks relating to community relations; maintaining social license to grow and operate; risks associated with the operation of large projects generally; the ability to replace depleted mineral reserves; risks associated with the Corporation’s joint venture partners; risks associated with mining, processing and refining activities; reliance on key personnel and skilled workers; risks related to the Corporation’s corporate structure; foreign exchange and pricing risks; credit risks; future market access; interest rate changes; risks in obtaining insurance; uncertainties in labour relations; legal contingencies; risks related to the Corporation’s accounting policies; uncertainty in the ability of the Corporation to obtain government permits; failure to comply with, or changes to, applicable government regulations. The key risks and uncertainties should be considered in conjunction with the risk factors described in the Corporation’s other documents filed with the Canadian securities authorities, including without limitation the “Managing Risk” section of the Management’s Discussion and Analysis for the three months and year ended December 31, 2025 and the Annual Information Form of the Corporation dated March 23, 2026 for the period ending December 31, 2025, which is available on SEDAR+ at www.sedarplus.ca. The forward-looking information and statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any oral or written forward-looking information or statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.
Beginning June 16, guests can embrace the summer with six offerings, including the all-new Original Glazed® Strawberry Cake Doughnut and two new beverages
CHARLOTTE, N.C.--(BUSINESS WIRE)--Sunshine, road trips, backyard hangouts and late-night sweet cravings just got even better. Krispy Kreme® is kicking off summer with an all-new seasonal collection packed with bright, refreshing flavors.
Available beginning Tuesday, June 16 for a limited time at participating Krispy Kreme shops across the U.S., the Summer Seasonal Collection features a mix of delicious new doughnuts and returning fan favorites that are ready to become the flavors of the season:
NEW: Original Glazed® Strawberry Cake Doughnut – an Original Glazed® old-fashioned cake doughnut with strawberry flavor. NEW: Lemon Bar Doughnut – an Original Glazed® doughnut dipped in white icing and cookie pieces, topped with a lemon swirl and sweet powdered coating. Key Lime Pie Doughnut – an unglazed shell doughnut filled with key lime pie Kreme™, dipped in lime green icing and topped with a frosting dollop and graham flavored crunch. Cannoli Inspired Doughnut – an unglazed ring doughnut dipped in chocolate icing and cookie crunch, topped with cannoli flavored buttercreme and sweet powdered coating. And because every great summer day calls for something ice cold, Krispy Kreme is serving up even more ways to chill. Alongside its classic Frozen Lemonade and Strawberry Chillers, Krispy Kreme is introducing two limited-time flavors for the summer:
Watermelon Infused Lemonade Chiller – a crisp frozen lemonade blended with a juicy splash of watermelon flavor, delivering a cool, refreshing twist. Mango Infused Lemonade Chiller – a vibrant frozen lemonade infused with sweet mango, perfectly balancing tropical flavor with a bright citrus finish. “Summer’s all about easy, feel-good moments, and this collection is our take on that – fun flavors that fit right into the season. They’re only here for a little while, so enjoy them while you can,” said Alison Holder, Krispy Kreme Chief Brand and Product Officer.
Whether you're headed to the beach, hosting a backyard barbecue, taking a road trip or simply soaking up a sunny afternoon, Krispy Kreme's Summer Seasonal Collection delivers a taste of summer in every bite and sip.
As the Summer Seasonal Collection takes center stage, Krispy Kreme's Spring Seasonal Collection is saying goodbye, for now: HERSHEY’S Double Chocolate, Strawberries and Kreme™, Banana Pudding and Original Glazed® Blueberry Cake Doughnuts will be removed from the menu.
Krispy Kreme's Summer Seasonal Collection will be available in-shop and at drive-thru, and for pickup or delivery via Krispy Kreme's app and website. Visit www.krispykreme.com/locate/location-search to find a shop near you.
Share how you're enjoying Krispy Kreme's Summer Seasonal Collection by using #KrispyKreme and tagging @krispykreme on social media.
About Krispy Kreme
Headquartered in Charlotte, N.C., Krispy Kreme is one of the most beloved and well-known sweet treat brands in the world. Our iconic Original Glazed® doughnut is universally recognized for its hot-off-the-line, melt-in-your-mouth experience. Krispy Kreme operates in more than 40 countries through its unique network of fresh doughnut shops, partnerships with leading retailers, and a rapidly growing digital business. Our purpose of touching and enhancing lives through the joy that is Krispy Kreme guides how we operate every day and is reflected in the love we have for our people, our communities, and the planet. Connect with Krispy Kreme Doughnuts at KrispyKreme.com and follow us on social: X, Instagram and Facebook.
N-able, Inc. (NYSE: NABL), a global cybersecurity company delivering business resilience, today announced the opening of its new Global Capability Centre (GCC) in Bengaluru, marking a strategic investment in India as the company expands its global security footprint in one of the world’s fastest-growing cybersecurity markets.
Reuters recently reported that India’s GCC workforce is expected to reach 2.36 million employees by the end of 2026, with cybersecurity and AI among the most in-demand skills. As cyberthreats evolve and AI reshapes the technology landscape, this investment in Bengaluru reflects N-able’s commitment to helping businesses minimize risk, respond effectively, and maintain continuity. In India, where organisations are navigating rising cyber risk alongside data protection requirements, the expansion also supports stronger compliance readiness and cyber resilience for small and medium-sized businesses (SMBs).
By expanding global innovation and advancing AI-driven capabilities, N-able continues to help IT providers strengthen business resilience across the full threat lifecycle – before, during, and after an attack.
“Opening our Bengaluru office is an important step in how we scale true business resilience by investing in a market with deep technical talent,” said John Pagliuca, CEO N-able. “India plays a critical role in helping businesses address cyber risk, compliance demands, and operational complexity, not only locally, but for global organisations looking to build resilience at scale.”
“With deep expertise under one roof in Bengaluru, we’re fast-tracking the next generation of capabilities from AI-powered innovation to modernized security operations,” said Mike Adler, Chief Technology and Product Officer at N-able. “We’re enabling the IT professionals and security experts to work smarter, respond faster, and confidently stay ahead of the rapidly evolving threat landscape.”
The Bengaluru centre will support a range of core functions, including engineering, product management, user experience, and security operations. The centre currently employs over 100, with plans to scale by 50% or more by the end of 2026, reinforcing its long-term investment in India as a strategic innovation focus, supporting local job creation, and strengthening Bengaluru’s role as a cyber talent centre and growth engine in one of the country’s leading technology markets.
To explore career opportunities and learn more about the people-first culture at N-able, visit the N-able Careers page.
About N-able
N-able protects businesses from evolving cyberthreats. Our AI powered cybersecurity platform delivers business resilience to more than 500,000 organizations worldwide, leveraging advanced end-to-end capabilities, simplified workflows, market leading integrations, and flexible deployment options to improve efficiency and drive critical security outcomes. Our partner first approach pairs our technology with experts, training, and peer-led events that empower customers to be secure, resilient, and successful. n-able.com
The N-able trademarks, service marks, and logos are the exclusive property of N-able Solutions ULC and N-able Technologies Ltd. All other trademarks are the property of their respective owners.
Category: Company
View source version on businesswire.com: https://www.businesswire.com/news/home/20260615972907/en/
HELE Investors Have Opportunity to Lead Helen of Troy Limited Securities Fraud Lawsuit with the Schall Law Firm PR Newswire
LOS ANGELES, June 15, 2026
, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Helen of Troy Limited ("Helen of Troy" or "the Company") (NASDAQ: HELE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between April 24, 2024 and October 8, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before August 3, 2026.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Helen of Troy misled investors about the success of its Project Pegasus restructuring program. The Company touted the "fuel" produced by Project Pegasus, despite what it called "implementation hiccups." The Company continued to tout its restructuring effort, telling shareholders, "despite the delayed savings related to our Tennessee distribution center, Project Pegasus continues to move forward. We have made good progress on the cost of goods sold work streams, implementing multiple projects that reduce costs and simplify our supplier base." Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Helen of Troy, investors suffered damages.
Join the case to recover your losses
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335 [email protected]
View original content to download multimedia:https://www.prnewswire.com/news-releases/hele-investors-have-opportunity-to-lead-helen-of-troy-limited-securities-fraud-lawsuit-with-the-schall-law-firm-302799924.html
SummaryOllie's Bargain Outlet Holdings maintains a buy rating, supported by robust unit growth, margin expansion, and raised EPS guidance.OLLI opened 27 new stores in Q1, reaffirming its FY2026 target of 75 new stores and projecting ~10% unit growth through 2027.Gross margin expanded 80 bps to 41.9%, driving EBIT margin to 10.6% and adj. EPS is up 21.3% to $0.91.Valuation sits at a -2 standard deviation forward P/E, offering 28% upside if multiples revert, despite comp growth concerns.Kathrin Ziegler/DigitalVision via Getty Images
Investment action I had a buy rating for Ollie's Bargain Outlet Holdings (OLLI) previously, as I thought the unit growth story was still intact and the sell-off was too harsh relative to the visible
462 Followers
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Premium crust joins the $9.99 offer as Domino's debuts Soccer Shootout – its first in-app game
, /PRNewswire/ -- Domino's Pizza Inc. (Nasdaq: DPZ) is turning up the value in time for soccer's biggest matchups of the year. The brand's "Best Deal Ever" is now even better, with Parmesan Stuffed Crust joining the lineup without an additional charge – giving customers any pizza made with any crust and any toppings for $9.99 each, now through July 26.
Domino’s is combining the love of soccer and pizza into its first in-app game, Soccer Shootout, exclusively for Domino’s Rewards members.
Domino's has added Parmesan Stuffed Crust to its Best Deal Ever – giving customers any pizza with any crust and any toppings for just $9.99 each from June 15-July 26. "Domino's is as fanatical about Parmesan Stuffed Crust as soccer fans are about the game," said Lindsay Hettling, Domino's vice president of marketing. "Premium usually comes at a higher price – but not at Domino's. We believe in giving our customers more without having them pay more. Now customers have more choices than ever before as part of this deal – whether they want Parmesan Stuffed Crust, Handmade Pan, Hand Tossed or any of our other crusts."
To bring even more value to hungry fans throughout the summer of soccer, Domino's is kicking off its first in-app game, which will give loyalty members more opportunities to earn rewards.
Domino's Launches First-Ever In-App Game: Soccer Shootout
Domino's is combining the love of soccer and pizza into its first in-app game, Soccer Shootout, exclusively for Domino's Rewards members. Soccer Shootout lets fans test their aim by launching toppings at a moving pizza target for a chance to score bonus loyalty points and exclusive deals, including discounts on future orders.
Soccer Shootout is available now through July 19 to Domino's Rewards members within the Domino's app, under My Rewards.
To take advantage of Domino's Best Deal Ever, order on dominos.com or through Domino's mobile app.
About Domino's Pizza®
Founded in 1960, Domino's Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout. It ranks among the world's top public restaurant brands with a global enterprise of more than 22,300 stores in over 90 markets. Domino's had global retail sales of over $20.4 billion in the trailing four quarters ended March 22, 2026. Its system is comprised of independent franchise owners who accounted for 99% of Domino's stores as of the end of the first quarter of 2026. In the U.S., Domino's generated more than 85% of U.S. retail sales in 2025 via digital channels and has developed many innovative ordering platforms.
Order – dominos.com
Company Info – biz.dominos.com
Media Assets – media.dominos.com
Reimagining the role of AI, data and decision intelligence in high-performance sport
, /PRNewswire/ -- Persistent Systems (BSE: 533179) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, today announced a partnership with the San Francisco Unicorns for the 2026 Major League Cricket (MLC) season. Under the agreement, Persistent will serve as an official Re(AI)magining™ Partner within the team's premium partnership tier. The partnership highlights Persistent's focus on bringing AI and data-led innovation into real-world high-performance environments where speed, adaptability and insight define outcomes.
This collaboration aligns with Persistent's strategy to expand its AI-led capabilities in North America and build closer proximity to clients operating in real-time, decision-intensive environments. The partnership will be activated through Persistent's #GameReAImagined campaign, which explores how AI is helping make the hidden layer of the game more visible through performance insights on the field and richer fan experiences off it.
As the Official Re(AI)magining™ Partner, Persistent will explore opportunities with the franchise across data, AI and fan engagement initiatives, extending the relationship beyond sponsorship into potential areas of innovation. With MLC rapidly expanding across key U.S. markets, the partnership creates a compelling environment to demonstrate how intelligence, analytics and technology can shape both performance and fandom.
As part of the partnership, Persistent will have a strong presence across team and digital platforms. The partnership has been designed as an integrated engagement platform, including brand visibility through on-field perimeter boards, team kit branding and a dedicated branded content property, Persistent Coaches' Corner. Together, these elements combine on-field visibility with deeper storytelling and curated interactions. The collaboration also includes a dedicated hospitality suite, creating opportunities to connect with clients and partners in North America within a high-performance setting, including select invite-only experiences to enable deeper engagement.
Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent:
"Cricket, like business, is becoming a game of intelligence as much as execution. The ability to convert data into real-time insight is increasingly the difference between good and great outcomes. At Persistent, we help organizations reimagine how AI creates advantage and this partnership with the San Francisco Unicorns brings that vision to life in a high-performance environment where every decision matters. Together, we have an opportunity to explore how AI can enhance performance, strategy, and fan engagement in new and exciting ways."
David White, CEO, San Francisco Unicorns:
"Sport is evolving quickly, with data and technology playing a bigger role in how teams prepare, compete and engage with fans. Partnering with Persistent gives us an opportunity to explore new ways of applying these capabilities across performance and strategy. We also see strong potential to enhance how fans experience the game as it continues to grow in the United States."
About The San Francisco Unicorns
The San Francisco Unicorns launched in 2023 as one of six founding members of Major League Cricket (MLC), a ground-breaking T20 competition bringing some of world cricket's biggest names to the USA and the Unicorns' home stadium, the Oakland Coliseum. The roster includes Australian international stars Matthew Short and Jake Fraser-McGurk, New Zealand's Finn Allen, and 2019 Cricket World Cup champion Liam Plunkett. Cricket Victoria, the governing body for the sport in the Australian state of Victoria, serves as the Unicorns' high-performance partner.
The team's primary investors are Silicon Valley entrepreneurs Anand Rajaraman and Venky Harinarayan, who are founding partners of data-driven venture firm rocketship.vc, and who previously founded US-focused database technology provider Junglee, which sold to Amazon in 1998 for $250m.
About Persistent
Persistent Systems (BSE: 533179) (NSE: PERSISTENT) is a global services and solutions company delivering AI-led, platform-driven Digital Engineering and Enterprise Modernization to businesses across industries. With over 27,500 employees located in 21 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The Company is part of the MSCI India Index and is included in key indices of the National Stock Exchange of India, including the Nifty Midcap 50, Nifty IT, and Nifty Midcap Liquid 15, as well as several on the BSE such as the S&P BSE 100 and S&P BSE SENSEX Next 50. Persistent is also a constituent of the Dow Jones Best-in-Class World Index. The Company has achieved carbon neutrality, reinforcing its commitment to sustainability and responsible business practices. Persistent has also been named one of America's Greatest Workplaces for Inclusion & Diversity 2025 by Newsweek and Plant A Insights Group. As a participant of the United Nations Global Compact, the Company is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 468% growth in brand value since 2020, Persistent is the fastest-growing IT services brand in 'Brand Finance India 100' 2025 Report.
www.persistent.com
Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs
Proven technology, platform and public-company executive to lead Housecall Pro's next phase of growth and AI-powered innovation Proven technology, platform and public-company executive to lead Housecall Pro's next phase of growth and AI-powered innovation
Oddity Tech is downgraded from buy to hold due to unresolved customer acquisition cost headwinds and weak first-order growth. Q1 2026 revenue declined 26% y/y, with first orders down ~50% and margins deteriorating; Q2 guidance suggests continued revenue contraction. The investment thesis now hinges on whether CPA normalization is temporary or structural, as elevated CPA undermines the core acquisition engine.
NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has completed the acquisition of Ingenostrum, S.L. (Nostrum Group), a developer of grid-connected AI data centers based in Spain.
The acquisition marks IREN’s entry into the European market, adding approximately 490MW of secured, grid-connected power in Spain and an additional development pipeline. Nostrum also brings a team of more than 50 people across development, engineering, construction and operations.
The acquisition establishes a strong foundation for IREN to serve rapidly growing AI Cloud demand across Europe, one of the largest and fastest growing markets.
Nostrum’s operations will continue under the IREN brand.
Daniel Roberts, Co-Founder and Co-CEO of IREN, said:
“Europe is one of the largest and fastest-growing markets for AI infrastructure, and Spain is among its most compelling entry points, with abundant renewables and strong fiber connectivity. Nostrum gives us secured power today along with a development pipeline and a great local team we're excited to work with.”
Gabriel Nebreda, CEO of Nostrum Group, said:
“We have spent years assembling one of Spain's most advanced AI infrastructure pipelines. Joining IREN means we can now develop it at the speed and scale Europe's rapidly growing demand for AI infrastructure requires.”
About IREN
IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. IREN’s platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC.
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or IREN’s future financial or operating performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies, revenue targets and trends we expect to affect our business. These statements often include words such as “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “target”, “will,” “estimate,” “predict,” “potential,” “continue,” “scheduled”. Forward-looking statements may also be made, verbally or in writing, by members of our Board or management team in connection with this news release.
These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve and are subject to known and unknown risks, uncertainties and other important factors that may cause IREN’s actual results, performance or achievements to differ materially from any future results performance or achievements expressed or implied by the forward-looking statements, including IREN’s ability to successfully execute on its growth strategies and operating plans, achieve its targeted annualized AI Cloud revenue, continue to develop its existing data center sites, design and deploy direct-to-chip liquid cooling systems, and diversify and expand into the market for high performance computing solutions (including the market for cloud services and potential colocation services), along with other important factors discussed under the caption “Risk Factors” in IREN’s Annual Report on Form 10-K, filed with Securities and Exchange Commission (the “SEC”) on August 28, 2025 and our other filings with the SEC. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement included in this press release speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
June 15, 2026 07:00 ET | Source: USA Rare Earth, Inc.
Expected to position USA Rare Earth among the few companies outside China capable of producing separated heavy rare earth oxides — including dysprosium, terbium and yttrium
Extends the Company’s integrated platform of proprietary technology and capabilities spanning mining, processing and separation, metals, alloys and magnets
WHEAT RIDGE, Colo., June 15, 2026 (GLOBE NEWSWIRE) -- USA Rare Earth, Inc. (Nasdaq: USAR) (“USAR”, “USA Rare Earth”, or the “Company”), a rare earth, critical minerals and advanced materials company, today announced the commissioning of its hydrometallurgical demonstration facility in Wheat Ridge, Colorado.
First production of separated oxides is targeted for the third quarter of 2026 and is expected to make USA Rare Earth one of the few Western companies capable of delivering strategic heavy rare earth oxides at commercial quality — the latest milestone in USA Rare Earth’s mission to build a global leader in rare earths, critical minerals and advanced materials.
USAR is building a fully integrated, global rare earth and critical mineral value chain, with embedded optionality for both supply and offtake at each link in the chain. Oxide production is expected to be supplied from a growing number of sources including Serra Verde,1 the only scaled producer of all four magnetic rare earths — including heavy rare earths — outside of Asia; Round Top, one of North America’s richest known sources of heavy rare earths with production targeted for late 2028; and other potential third-party sources. The resulting oxides are expected to feed Less Common Metals (LCM), the Company’s subsidiary, one of the few commercial-scale metal, alloy and strip cast producers outside of China, which in turn is expected to supply USA Rare Earth’s permanent magnet business.
“The hydromet facility is the latest example of the proprietary technology and capabilities USA Rare Earth is scaling across the entire value chain,” said Barbara Humpton, Chief Executive Officer of USA Rare Earth. “From access to the limited supply of heavy rare earth feedstock, to processing and separation we are advancing at Wheat Ridge and through our planned investment in Carester, to the metals and alloys produced at LCM, to the permanent magnets we manufacture in the United States, we are rapidly building the only fully integrated rare earth platform of its kind outside China — moving deliberately and at speed to be the partner of choice in the materials the most critical industries depend on.”
The facility has commenced an initial campaign to de-risk three processing flowsheets in parallel: ore from Round Top, third-party mixed rare earth carbonate (MREC) feedstock — including material from Serra Verde’s Pela Ema mine — and rare earth magnet swarf recycling. Insights from the campaigns are expected to underpin the Round Top Definitive Feasibility Study, on track for Q4 2026 completion and Q1 2027 publication, and to guide commercial engineering of the planned on-site Round Top processing facility and the Company’s anticipated third-party MREC processing and magnet swarf recycling facility.
“Very few companies outside China have proven they can produce separated oxides of neodymium and praseodymium (NdPr), dysprosium (Dy), terbium (Tb) and yttrium (Y) at commercial quality, and the best practices we have developed in-house are expected to put us in that small group,” said Dr. Alex Moyes, Senior Vice President of Mining and Processing at USA Rare Earth. “The work at Wheat Ridge can help convert proven chemistry into bankable feasibility studies and move us closer to producing the rare earth materials America’s most critical industries depend on — from mine to magnet.”
Program Scope and Objectives
The demonstration program is structured as a series of campaigns designed to systematically de-risk USA Rare Earth’s proprietary processing flowsheets across three strategic areas:
Round Top ore processing. Validating and optimizing the hydrometallurgical flowsheet for ore from Round Top — one of the most significant heavy rare earth and critical mineral deposits in the United States — to produce separated oxides of Dy, Tb, Y, hafnium (Hf), zirconium (Zr) and other strategic elements.Third-party feedstock processing. Producing separated NdPr, Dy, Tb and Y oxides from externally sourced feedstocks — including material from Serra Verde’s Pela Ema mine — supporting potential toll processing and offtake partnerships.Magnet swarf recycling. Recovering NdPr, Dy and Tb from neodymium-iron-boron (NdFeB) magnet swarf, expanding feedstock sources and reinforcing the circularity of the Company’s value chain.
Plant Operations
The Wheat Ridge plant is fully automated and instrumented for real-time process monitoring across all unit operations, positioning it among the most advanced facilities of its kind in North America. A multi-stage solvent extraction circuit, live SCADA monitoring and an on-site analytical laboratory enable rapid feedback loops and data-driven adjustments, supported by a team of 28 engineers, scientists and technicians operating in rotating shifts. Process data will also serve as the foundational dataset for a digital twin development program with the U.S. Department of Energy’s National Energy Technology Laboratory (DOE NETL), enabling virtual simulation of the full processing flowsheet and accelerating the path to commercial deployment.
About USA Rare Earth, Inc.
USA Rare Earth, Inc. (Nasdaq: USAR) is building a fully integrated rare earth and permanent magnet value chain across the United States, the United Kingdom, France and Brazil. Through its ownership of Less Common Metals (LCM), one of the world’s leading producers of rare earth metals and alloys, its magnet manufacturing capacity in Stillwater, Oklahoma, the Pela Ema mine in Brazil (subject to closing the Serra Verde Group transaction) and the Round Top deposit in Texas, USA Rare Earth operates across the entire value chain from mining to metal-making, alloy production and neodymium magnet manufacturing. USA Rare Earth is establishing a secure, Western-aligned supply of materials essential to the aerospace and defense, semiconductor, energy, data center, physical AI, mobility, healthcare and industrial sectors. For more information, visit www.usare.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include those relating to the objectives, scope, and anticipated benefits of the demonstration plant program and its constituent campaigns; the Company’s ability to validate and optimize its processing flowsheets; the development of bankable feasibility studies; the planned digital twin development program with DOE NETL; the Company’s plans for a commercial processing facility; and the Company’s global value chain strategy. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. Words such as “anticipate,” “believe,” “can,” “could,” “estimate,” “expect,” “growth,” “intend,” “may,” “might,” “plan,” “potential,” “project,” “propose,” “should,” “target,” “will,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
Forward-looking statements are subject to risks and uncertainties and potentially inaccurate assumptions that could cause actual results to differ materially from the Company’s expectations, including without limitation: the Company’s ability to execute its business plan, including development of the Round Top deposit and its processing and manufacturing facilities; the timing and advancement of expected business milestones; the significant long-term and inherently risky investments the Company is making in mining and manufacturing facilities; the Company’s ability to obtain additional or replacement financing as needed; risks that the proposed transactions with Serra Verde Group, Carester SAS and Texas Mineral Resources Corp. may not be consummated on their anticipated timelines or at all; the Company may not realize the anticipated benefits of its proposed and prior acquisitions, including expected synergies, financial performance, estimated EBITDA and, in the case of Serra Verde Group, integration of operations, on the anticipated timeline or at all; the ability of the Company’s Stillwater facility or other future magnet manufacturing facilities to commence commercial operations on the timing and with the production capacity anticipated or at all; the Company’s limited operating history; risks that the Company may experience delays, unforeseen expenses, increased capital costs, and other complications in operating its business; potential dilution to existing stockholders and adverse effect on the Company’s stock price if the Company issues additional common stock or equity-linked securities; the volatility of the Company’s stock price; the Company’s ability to satisfy project milestones and other conditions to disbursement under the Company’s financing arrangement with the Department of Commerce (“DOC”) on the anticipated timeline or at all; the Company’s dependence on continued governmental support for the DOC financing transactions, which remains subject to changes in laws, regulations, administrations and appropriations; extensive affirmative and negative covenants, domestic content and national security guardrail provisions and ongoing reporting obligations in the DOC financing agreements that restrict the Company’s operational and financial flexibility; the risk that defaults under the DOC funding agreements could trigger cross-defaults across the Company’s financing arrangements; the impact of the DOC’s equity interest in the Company on the Company’s ability to pursue strategic transactions and on the Company’s relationships with customers, suppliers, partners and other counterparties; the availability of rare earth oxide, metal feedstock and other materials, utilities (including power and water) and equipment in quantities and prices that allow the Company to develop and commercially operate the Company’s Stillwater facility and other facilities; the Company’s ability to meet individual customer specifications and manufacture a consistently high quality product; fluctuations in demand for and prices of the Company’s products, including without limitation as a result of dumping, predatory pricing and other tactics by the Company’s competitors or state actors or the overall competitive environment; the Company’s ability to achieve positive cash flow or profitability or the ability to access cash flow within the Company’s corporate structure due to restrictions contained in the Company’s financing agreements; the Company’s ability to convert current commercial discussions and/or memorandums of understanding with customers for the sale of the Company’s neo magnets and other products into definitive orders; geopolitical developments or disruptions, such as changes in the political environment, export/import or environmental policy of the People’s Republic of China, the United States or other countries in which the Company operates or sells products or otherwise; war, terrorism, natural disasters or public health emergencies; the Company’s ability to retain or recruit key personnel; environmental, health and safety regulations; and the Company’s ability to comply with requirements for federal, state and local government incentives and financing.
Additional risks and detailed information regarding factors that may cause actual results to differ materially has been and will be included in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s most recently filed Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q and subsequent filings. Any forward-looking statements speak only as of the date of this press release (or such other date as is specified in such statements), and the Company undertakes no obligation to update any forward-looking statements as a result of new information or future developments except as required by law.
1 Pending closing of the Company’s proposed acquisition; sourcing of feedstock to be completed via a third-party special purpose vehicle capitalized by a U.S. Government agency as well as private capital sources.
Perpetua Resources is transitioning from a typical gold developer to a strategic U.S. gold/antimony project with sovereign-style financing and early construction underway. PPTA's Stibnite Gold Project benefits from a $2.9B EXIM Bank loan, robust cash reserves, and key permits, materially reducing financing and permitting risk. The project features a 15-year mine plan with 4.22M oz gold and 106M lbs antimony, low AISC, and strategic alignment with U.S. critical mineral priorities.
SummaryAstera Labs (ALAB) is positioned to benefit as networking becomes the next AI data center bottleneck, with a 'Buy' rating justified by robust growth prospects.ALAB's product suite—especially the Scorpio X-Series and P-Series—targets hyperscaler demand for composable, high-performance networking, unlocking significant TAM expansion.I anticipate revenues to exceed $5 billion by 2030, outpacing consensus due to rapid adoption of Scorpio and platform lock-in via COSMOS telemetry.Despite high valuation and execution risks, ALAB's critical role in AI infrastructure and sustained growth potential warrant a long-term investment.Looking for option income ideas that focus on capital preservation? I offer this and much more at my exclusive investing ideas service, Option Income Builder. Learn More »Sitewide Sale 2026: Get 20% Off Tomasz Śmigla/iStock via Getty Images
In a recent article on Marvell (MRVL), I made the case that networking is slowly becoming one of the largest bottlenecks within the modern AI data center.
As AI workloads transition from training towards
10.92K Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of ALAB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
SelectQuote, Inc. (SLQT - Free Report) : This insurance technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 78.6% over the last 60 days.
EZCORP, Inc. (EZPW - Free Report) : This pawn services company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days.
Douglas Dynamics, Inc. (PLOW - Free Report) : This commercial vehicle equipment company has seen the Zacks Consensus Estimate for its current year earnings increasing 15.4% over the last 60 days.
nVent Electric plc (NVT - Free Report) : This electrical equipment company has seen the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days.
Alto Ingredients, Inc. (ALTO - Free Report) : This specialty chemicals company has seen the Zacks Consensus Estimate for its current year earnings increasing 184.2% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Following commercial space flight giant Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) successful IPO, CEO Elon Musk thinks it may be time to make good on a promise from 2015.
Elon Musk Wants Volcanic LairIn a post on X on Sunday, Musk quoted a post he made in 2015 as SpaceX was trying to land the Falcon 9 rocket upright, which the company eventually did in December 2015. “If this works, I’m treating myself to a volcano lair. It’s time,” Musk said in the post.
“Time to get that volcano lair I've always wanted,” Musk said, sarcastically saying that there were options “in the "Beyond" section” Bed Bath & Beyond, Inc. (NYSE:BBBY).
SpaceX IPO Makes Elon Musk A TrillionaireSpaceX closed its first session at $160.95, up 19%, leading to a valuation of $2.1 trillion for the company. SpaceX was already worth more than 12 aerospace and defense companies listed on the S&P 500 index.
SpaceX IPO Draws CriticismThe milestone was also criticized by Sen. Elizabeth Warren (D-Mass.), as well as Gov. Gavin Newsom (D-CA), who said that Americans were "struggling" to get everyday goods and gas, while Musk became a trillionaire.
Price Action: SpaceX shares were up 3.67% to $166.85 during the after-hours trading session on Friday.
Check out more of Benzinga's Future Of Mobility coverage by following this link.
Market News and Data brought to you by Benzinga APIs
Shares of SpaceX rose more than 5.6% before the bell on Monday, set to extend gains after a blockbuster debut last week that pushed its valuation past $2 trillion and into the ranks of Wall Street's most valuable companies.
By You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Scott Morton, standing in the brown jacket on the right, said wealth managers reached out to him before SpaceX's IPO. Revel Scott Morton grew up in Wisconsin. He wasn't tracking Wall Street.
"My family was not super financially literate," he said. "I didn't hear about the stock market growing up."
Now, the money managers have found him.
Morton, the founder and CEO of Los Angeles-based software company Revel, said he has been getting the hard pitch from wealth managers eager to court him ahead of SpaceX's blockbuster initial public offering. In the past couple of months, a prominent firm sent a handwritten letter to his home asking to represent him, while another sent swag and a backpack. More have slid into his LinkedIn DMs.
The wooing attempts are all because he worked at SpaceX for nearly a decade.
Morton — who started as a SpaceX intern before rising to a software engineering manager on its Starship spacecraft project — is part of a class of current and former workers at Elon Musk's rocket company who were paid partly in equity.
That equity is now a hot commodity. SpaceX went public Friday in the largest IPO in history, with its valuation surging above $2 trillion in early trading.
"It's a tremendous outcome, specifically for all of the engineers, technicians, and even the baristas," he told Business Insider before the IPO. "Now all of the hard work is going to pay off for a lot of people."
IPOs and their mafia-making influenceThere is power in being early to a company.
Famously, David Choe, a graffiti artist commissioned in 2005 by Facebook to paint murals at its headquarters, asked to be paid in stock instead of the $60,000 he was offered for the job. When the company went public years later, those shares were valued at $200 million, CNBC reported.
PayPal created its own mythology. The company's 2002 IPO and eventual $1.5 billion sale to eBay helped launch the careers of tech power players now known as the PayPal mafia, including Musk, Peter Thiel, Reid Hoffman, and David Sacks.
Morton said SpaceX is generating a similar movement among former staff, who are using their money, experience, and networks to build companies of their own.
"It's already happening," he said. "The mafia is already there."
Fast cars, financial freedom, shooting stars
Morton said the SpaceX IPO could become a mafia-making event, like PayPal's 2002 IPO and sale. IPO Morton said he still holds SpaceX stock. He said he previously sold some through SpaceX-organized secondary sales, but retained as much as he could. He declined to discuss the specific size of his potential payday.
Other former SpaceX employees have been joking about early plans for their newfound cash, Morton said, including "fast cars" and what the IPO could mean for the Los Angeles high-end housing market.
Morton said he hadn't planned any large celebration for IPO day. He has been too focused on his own startup, he said.
Revel builds software for controlling and testing hardware — the kind of behind-the-scenes infrastructure used in rocket engine test sites, nuclear reactors, industrial systems, and other places where tech and the physical world collide. The company said in February that it had raised $150 million in Series B funding.
Morton said the SpaceX IPO could also give companies like his a halo effect: more attention on hard tech, more investor interest, and more credibility for startups founded by SpaceX alums.
Still, he said he does not expect the IPO to trigger a mass exodus from SpaceX. Many employees he's kept in touch with remain committed to the company's mission — especially the goal of establishing a moon base, he said.
For former employees, the IPO is an opportunity to go on a bit of a spending spree.
"It generically sets people up to have financial freedom," he said. "People will feel like they have the buffer they need to do something adventurous."
For the ones like Morton, they'll have a wealth-manager-branded backpack to take on that adventure.
Read next
Ben Shimkus You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Ben Shimkus is a reporter for the Business News desk. He writes about cars, transportation, retail, and jobs. Ben's reporting has appeared in Rolling Stone, The Verge, Automotive News, USA Today, AutoBody News, LGBTQ Nation, TopSpeed, and Out Magazine. He's also held staff writing positions at The U.S. Sun and the Daily Mail. He graduated from NYU with a Master's in journalism in 2024. Email Ben at [email protected] or message him privately on Signal at bshimkus.41.
HomeMarketsThe world’s first trillionaire says he would be surprised not to see trillion-dollar revenue by 2031Last Updated: June 15, 2026 at 5:37 a.m. ET
First Published: June 15, 2026 at 5:35 a.m. ET
Elon Musk makes a bold sales forecast for SpaceX. Photo: Alain Jocard/Agence France-Presse/Getty ImagesLast year, SpaceX collected $18.7 billion in revenue.
In a posting on the X social media service that SpaceX owns, Elon Musk offered this prediction: “I would be surprised if revenue is not greater than $1 trillion in 2031.”
SpaceX stock climbed in premarket trading on Monday after the Elon Musk-led company delivered a strong debut on the Nasdaq, with investors betting that upcoming index inclusions could provide another catalyst for gains.
The stock rose about 6.7% before the opening bell, exceeding the $170 mark after ending its first trading session at $160.95 per share.
SpaceX had priced its initial public offering at $135 a share, meaning the stock surged roughly 19% on its debut and pushed the company's market capitalization above the $2 trillion mark.
The strong start came as Musk doubled down on the company's long-term ambitions.
On Sunday, the billionaire entrepreneur said SpaceX could generate as much as $1 trillion in annual revenue by 2030, a target that far exceeds Wall Street's existing projections.
Goldman Sachs has estimated SpaceX's revenue could exceed $470 billion by 2030, while Morgan Stanley projected revenue of nearly $330 billion, according to a Wall Street Journal report published earlier this month.
SpaceX reported revenue of $18.7 billion in 2025.
Retail investors played a major role in the stock's first trading session.
According to data from Vanda Research, individual investors purchased $117.6 million worth of SpaceX shares on Friday, making it the most-bought stock of the session.
The figure surpassed the previous record for an IPO debut set by cryptocurrency exchange Coinbase in April 2021.
Retail investors were allocated roughly 20% of the IPO, an unusually large share compared with many high-profile public offerings.
The strong buying interest underscored the appeal of SpaceX among individual investors, many of whom have waited years for an opportunity to gain direct exposure to Musk's rocket, satellite and artificial intelligence businesses.
Market participants are now turning their attention to SpaceX's expected inclusion in major stock indexes, a development that could trigger billions of dollars in additional buying.
The company is expected to join the Nasdaq-100 within days, making it a significant holding for exchange-traded funds and passive investment vehicles that track the benchmark.
Analysts estimate that the inclusion could generate between $7 billion and $10 billion of passive inflows.
Nasdaq will adjust the stock's weighting based on its public float, meaning the index will treat SpaceX more like a company valued at roughly $225 billion rather than its full market capitalization of more than $2 trillion.
Additional demand may come later this month when index providers FTSE Russell and MSCI add the stock to their benchmarks on June 26 and June 29, respectively.
Volatility risks remainDespite the enthusiasm, analysts and portfolio managers cautioned that investors should expect significant volatility during the stock's early months as a public company.
SpaceX has a relatively small public float compared with its overall valuation, a factor that can amplify price swings when trading volumes surge.
SpaceX stock gained in tandem with broader market sentiment after reports of a preliminary agreement between the United States and Iran aimed at ending a conflict that has lasted more than three months and reopening the strategically important Strait of Hormuz.
The prospect of easing geopolitical tensions lifted risk appetite across markets.
Futures tied to the S&P 500 rose 1.3%, while Dow Jones Industrial Average futures gained about 1% and Nasdaq futures advanced more than 2%.
"If the overnight news of a deal between the US and Iran proves to be credible and lasting, this should be taken as a positive, whereas setbacks will likely be taken as less of a negative by risk assets," said Max Kettner, chief multi-asset strategist at HSBC Global Investment Research.
With strong retail demand, potential index-driven inflows and Musk's ambitious growth projections, SpaceX begins its life as a public company under intense investor scrutiny, even as questions remain over whether its lofty valuation can be sustained.
Item 1 of 2 A live feed shows SpaceX CEO Elon Musk on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. REUTERS/Jeenah Moon
[1/2]A live feed shows SpaceX CEO Elon Musk on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. REUTERS/Jeenah Moon Purchase Licensing Rights, opens new tab
SummaryCompaniesUpcoming events include options trading, index inclusionAlso upcoming is expiration of investor holding periodsAnalysts debate SpaceX valuationThey cite volatility and Elon Musk's influenceNEW YORK, June 15 (Reuters) - The SpaceX (SPCX.O), opens new tab IPO went off with a bang. Now investors turn their attention to a jam-packed calendar ahead for Elon Musk's rocket, internet and AI firm that may bring volatility.
Just in the next two months, the sixth-largest U.S. listed company by market value will have a handful of events – ranging from the listing of options to the expiration of investor holding periods to index inclusion – that could help dictate trading in its shares and the broader market.
Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.
Friday's launch of the largest-ever IPO was well managed from start to finish, investors said, drawing strong orders from retail and institutions alike and benefiting from Musk's reputation for the Midas touch. But debate continues over what the right price for the stock is and to what extent SpaceX's savvy marketing matches with its fundamentals.
"You have to look at it this way: are people actually investing in SpaceX or trading SpaceX? I am of the belief, and this is also other money managers that I'm talking to, that it's the latter," said Todd Schoenberger, chief investment officer at Crosscheck Management in Washington, D.C.
A bubble chart showing the relative size of the biggest IPOs in the U.S. and their earnings at the time of debutHere are some events that could help shape that argument over coming weeks:
OPTIONS TRADINGOptions on SpaceX are set to begin trading as soon as Tuesday, with early activity expected to be heavy, volatile and likely expensive.
Options, which give holders the right but not the obligation to buy or sell shares at a predetermined price within a certain period, offer investors a low-cost way to play a company's stock. If SpaceX behaves like Musk's Tesla (TSLA.O), opens new tab, it would be almost twice as volatile as the average stock, likely driving heavy options activity.
STOCK SALE RESTRICTIONS ENDSpaceX plans to allow a large portion of its shares to become eligible for resale before the usual six-month restriction period post-IPO, under a staged system linked to the company's performance, a company filing showed.
The approach, designed to avoid a large wave of shares hitting the market at once, helps make post-IPO trading more orderly - but at the cost of potential volatility spread across the six-month period rather than a single day. Some brokers are also imposing holding periods for shares acquired on Friday.
"We got shares of SpaceX for some of our clients (on Friday), and there's a 31-day minimum holding period," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. "So I think once some of those minimum holding periods end, you could see some selling pressure."
THE GREEN SHOEThe IPO includes a so-called greenshoe option, a standard feature of most large U.S. stock market listings that acts like a safety valve that keeps the stock price from going crazy one way or another in its first month.
SpaceX gave Morgan Stanley (MS.N), opens new tab the option to purchase an additional 15% of its stock at the IPO price of $135 a share for up to 30 days – or about 83 million in additional shares on top of the 555.6 million SpaceX already sold.
Those additional shares, however, have not yet been issued by the company, so the bank has to effectively sell them on the open market through a short position and buy them from the company later.
Table on how the Greenshoe option work after the SpaceX IPOEARNINGSSpaceX has not set a date for its next earnings report but the event, expected in the next few months, will likely renew the discussion of whether a company with a $4.94 billion loss last year on $18.7 billion of revenue can justify a $2 trillion valuation.
"You can make a lot of arguments that SpaceX is severely overvalued. ... SpaceX is valued based on Elon Musk's reputation," Dollarhide said.
INDEX INCLUSIONThe company is due to be added this month to indexes such as the Nasdaq 100 and some MSCI and Russell indexes tracking large-cap stocks. Some funds will be required to buy, once that happens, and investors are expecting those additions to drive share-price gains.
A related debate centers on whether so-called passive investors appreciate the risks of these decisions and how that may play out for the indexes down the road.
"Most people will end up owning SpaceX without ever deciding to, through a Nasdaq or Russell fund, a target-date fund, or the index sleeve of their 401(k). That's the real democratization here," said Kevin Moss, co-creator of the Private Shares Fund. "A name that used to be walled off in private rounds shows up in mainstream retirement accounts. The flip side is you own it whether or not you have a view on the valuation."
Reporting by Caroline Valetkevich, Suzanne McGee and Shashwat Chauhan; Editing by Colin Barr and Will Dunham
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Investors searching for the best time to buy SpaceX (NASDAQ: SPCX) stock after its record-breaking initial public offering (IPO) may be better served by patience than by chasing the rally, according to analysis from ChatGPT.
SpaceX shares have surged since the company’s historic IPO, which raised approximately $75 billion at $135 per share, briefly pushing the aerospace giant’s valuation above $2 trillion.
By press time, SPCX stock was trading around $160 after ending Friday’s session nearly 20% higher. In pre-market trading on Monday, the stock gained almost 6% to $170.45.
SpaceX’s one-week stock price chart. Source: Finbold SPCX stock ideal entry point Despite the strong debut, several factors suggest a more attractive entry point could emerge in the coming months.
According to ChatGPT’s analysis, the most favorable risk-reward setup could emerge one to three months after the IPO, once initial enthusiasm fades and investors gain greater clarity on the company’s fundamentals.
ChatGPT noted that major IPOs often experience heightened volatility in their early weeks as investors establish positions, and SpaceX appears to be following that pattern after gaining nearly 20% on its debut.
Rather than chasing the rally, the AI model identified a 15% to 25% pullback from post-IPO highs as a potentially more attractive entry point. Such corrections are common as investors reassess valuations after the initial excitement fades.
For long-term investors, ChatGPT suggested gradually building positions during periods of weakness rather than deploying all capital at current levels.
The AI also highlighted valuation as a key consideration. Despite SpaceX’s dominance in commercial space launches and the rapid growth of Starlink, some analysts believe the stock’s valuation may be running ahead of fundamentals.
SpaceX stock analysts concern This comes after CFRA initiated coverage of SpaceX with a ‘Sell’ rating and a $115 price target, citing valuation and execution risks. In contrast, bullish analysts have issued targets between $165 and $190, highlighting uncertainty around the stock’s fair value.
Like most IPOs, the majority of SpaceX shares remain locked up, preventing insiders and early investors from selling immediately after the listing.
As these restrictions expire through 2027, additional shares could enter the market, increasing selling pressure and potentially creating better entry points for investors.
Historically, lockup expirations have weighed on newly listed stocks as early stakeholders take profits.
As a result, ChatGPT identified post-lockup periods as one of the most attractive opportunities to accumulate SpaceX shares.
Despite valuation concerns, the long-term bull case remains intact. Investors continue to bet on Starlink’s growth, while progress in Starship, xAI-related initiatives, and potential inclusion in major stock indices could provide further upside.
Index inclusion may be particularly significant, as membership in benchmarks such as the Nasdaq-100 could drive demand from passive funds and ETFs.
Investors will also be watching SpaceX’s first public earnings reports, Starlink subscriber growth, profit margins, and the expansion of its space and communications businesses.
Tradr ETFs launched SPCM and SPCG, providing traders with 200% leveraged long and short exposure to SpaceX, one of the most anticipated IPOs in market history.
SPCM and SPCG give traders 200% bullish and bearish exposure to the most anticipated IPO in market history
, /PRNewswire/ -- Tradr ETFs, a provider of ETFs designed for sophisticated investors and professional traders, today announced the launch of two leveraged ETFs tied to SpaceX, offering traders access to both bullish and bearish leveraged exposure on the newly public company.
The new funds target the following daily investment results, before fees and expenses:
Active traders need tools that allow them to express either view with precision. Tradr 2X Long SpaceX Daily ETF (Cboe: SPCM) – seeks 200% of the daily performance of SpaceX (Nasdaq: SPCX) Tradr 2X Short SpaceX Daily ETF (Cboe: SPCG) – seeks -200% of the daily performance of SpaceX (Nasdaq: SPCX) "SpaceX is one of the most anticipated public offerings of our generation, and opinions on the stock are likely to be just as strong as those on the company," said Matt Markiewicz, Head of Product and Capital Markets at Tradr ETFs. "Some traders see a transformational business with enormous growth potential, while others see a stock that may face high expectations and significant valuation questions. We launched both SPCM and SPCG because active traders need tools that allow them to express either view with precision."
For detailed information on Tradr ETFs and the significant risks involved with leveraged ETFs, please visit www.tradretfs.com.
About Tradr ETFs
Tradr ETFs are designed for sophisticated investors and professional traders who are looking to express high conviction investment views. The strategies include leveraged and inverse ETFs that seek short or long exposure to actively traded stocks and ETFs.
IMPORTANT RISK INFORMATION
Tradr ETFs are for sophisticated investors and professional traders with high conviction views and are very different from most other ETFs. The Funds are intended to be used as short-term trading vehicles and pursue leveraged investment objectives, which means they are riskier than alternatives that do not use leverage because the Funds magnify the performance of their underlying security. The volatility of the underlying security may affect a Fund's return as much as, or more than, the return of the underlying security.
Investors in the fund should: (a) understand the risks associated with the use of leverage; (b) understand the consequences of seeking inverse and leveraged investment results; (c) for short ETFs, understand the risk of shorting; (d) intend to actively monitor and manage their investment. Fund performance will likely be significantly different than the benchmark over periods longer than the specified reset period and the performance may trend in the opposite direction than its benchmark over periods other than that period.
Leverage increases the risk of a total loss of an investor's investment, may increase the volatility of the Funds, and may magnify any differences between the performance of the Funds and their reference security. The Funds seek leveraged investment results for a specific period (daily, monthly or quarterly). The exact exposure of an investment in the Fund intra-period will depend upon the movement of the reference security from the end of the prior period until the time of investment by the investor.
The Fund will not attempt to position its portfolio to ensure it does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, investors in a Fund that seeks two times daily performance would lose all of their money if the Fund's underlying security moves more than 50% in a direction adverse to the Fund on a given trading day.
ETFs involve risk including possible loss of the full principal value. There is no assurance that the Fund will achieve its investment objective. Principal risks and other important risks may be found in the prospectus. Past performance does not guarantee future results.
ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds. This and other important information about the Fund is contained in the Prospectus, which can be obtained by visiting www.tradretfs.com. The Prospectus should be read carefully before investing.
Distributed by ALPS Distributors, Inc, which is not affiliated with AXS Investments or its Tradr ETFs. AXI000961
SummaryCompaniesSmall investors can face bans from future IPOs for early resaleHedge funds that generate bank fees can flip with no penaltiesRetail investors get about 20% of SpaceX initial public listingNEW YORK, June 15 (Reuters) - Individual investors in the SpaceX (SPCX.O), opens new tab IPO hoping to quickly sell their shares for a profit face stricter conditions than large funds over the practice known as flipping - and risk losing access to hot future listings such as OpenAI and Anthropic if they run afoul of these limits.
Platforms like Fidelity, Robinhood, E*TRADE and SoFi restrict small investors from selling shares within 15 to 30 days of trading. Penalties range from temporary bans to participate in future IPOs to a permanent platform ban.
Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.
That means penalties for those who were seeking to sell on Friday, when SpaceX rose as much as 30% in its debut before closing up 19% at $160.95.
To avoid penalties, investors may miss key windows of predicted demand in the first two weeks of trading, when major indexes can incorporate the stock.
Hedge funds and asset managers such as BlackRock and Citadel, which have easier access to IPO shares at the offer price, in some cases trade immediately to profit from the initial appreciation known as the “IPO pop.” Citadel and BlackRock did not immediately respond to a request for comment.
“It’s very common for brokerage firms to put restrictions on flipping for retail investors,” said IPO expert Jay Ritter of the University of Florida. “But if the hedge funds are profitable enough customers (for banks), they can do whatever they want."
The asymmetry between small investors and big funds is most visible in the SpaceX IPO, as retail participation is unusually high.
Retail investors ended up taking 20% in the IPO, hedge funds 10%, and institutional investors with a longer term holding strategy got 70%, a person close to the deal said.
For large funds, access to IPO allocations is driven less by market rules and more by the fees and trading business they generate for banks, Ritter says. They are typically judged case by case, with underwriters weighing the broader relationship rather than a single trade.
An asset manager who said they had received roughly a $300 million allocation in the offering, with no flipping restrictions, told Reuters on condition of anonymity they intend "to sell it straight into the open and return cash within five days,” taking advantage of demand by small investors.
For mom-and-pop investors, the trade-off is rigid: sell too soon and risk being shut out of future IPOs; wait too long and risk missing the chance to lock in gains or hedge volatility.
RESTRICTIONSFidelity said clients must hold shares for 15 days, opens new tab, or face escalating penalties from a six‑month ban from future IPOs to a permanent ban tied to the account holder’s Social Security number.
Robinhood, opens new tab applies a 30‑day window with a flat two-month suspension. SoFi, opens new tab and E*TRADE, opens new tab also apply 30-day restrictions, with Sofi imposing a permanent ban after a third violation.
"Their entire trading account could be restricted," says Emil Barr, a 23-year-old entrepreneur who reserved $500,000 for the IPO. "It's a really deep penalizing system in which the punishment doesn't quite match the crime."
Barr said he accessed the IPO through JPMorgan’s private banking, a service typically limited to clients with more than $5 million in assets. He plans to hold the shares and is not subject to the restrictive rules.
The U.S. Financial Industry Regulatory Authority defines “flipping” as selling shares within 30 days after an IPO, but imposes no legal restrictions. Underwriters and brokerage platforms impose market restrictions on flipping because it can destabilize the stock.
Keeping long-term shareholders helps platforms like Robinhood secure more shares in future IPOs, as banks managing public offerings prefer to avoid volatility that could lead to a price drop.
PREDICTED EARLY DEMANDLarge IPOs can be added to stock indexes within two weeks of trading, triggering automatic buying by funds that track them.
For example, Vanguard’s Total Market funds, which track a CRSP index, can begin adding a newly listed company within five trading days, while other benchmarks such as the Nasdaq‑100 may include large IPOs two weeks after listing.
Those inclusions force index funds to buy shares regardless of price, creating predictable demand that larger investors can sell into.
At Fidelity, the faster to lift restrictions, clients can sell without being labeled flippers starting from day 16.
"I think the underwriting firms are using retail investors as cannon fodder because they have to hold the stock for 30 days," Barr said. "It's like a cushion to absorb some of the risk from how highly priced the stock is."
Reporting by Sabrina Valle and Echo Wang, in New York; Editing by Kim Coghill
Our Standards: The Thomson Reuters Trust Principles., opens new tab
NY-based correspondent reporting on some of the largest deals in Healthcare and Industrials. Previously based in Houston, covering global operations of U.S. oil majors. Sabrina has a two-decade career in Business reporting, with a strong background in source-based enterprise and investigations. She previously worked at Bloomberg, Washington Post and has been based in Rio and D.C. covering large corporations, including finance, corruption and geopolitics.
Echo Wang is a correspondent at Reuters covering U.S. equity capital markets, and the intersection of Chinese business in the U.S, breaking news from U.S. crackdown on TikTok and Grindr, to restrictions Chinese companies face in listing in New York. She was the Reuters' Reporter of the Year in 2020.
ATLANTA, June 15, 2026 (GLOBE NEWSWIRE) -- Shock Top, the bold and refreshing Belgian-style wheat ale from Tilray Brands, Inc. (NASDAQ: TLRY; TSX: TLRY), is bringing ‘Shocking Upsets’ to the world’s biggest summer of soccer, the fan-favorite promotion that rewards consumers when tournament underdogs deliver the unexpected.
From June 28 through July 19, legal-drinking-age fans who purchase Shock Top can score a rebate on their beer if a team ranked 21st or lower defeats a top-10 ranked team during tournament play, subject to official terms and conditions.
Known for celebrating bold flavor, spirited gatherings, and moments that catch people by surprise, Shock Top is embracing one of the most exciting dynamics in international soccer: the underdog victory. Through Shocking Upsets, every match becomes a little more exciting, giving fans another reason to grab a Shock Top, gather their crew, and cheer for the unexpected.
The promotion is part of Shock Top’s new ‘Shocking Upsets’ summer campaign, a celebration of the fans, watch parties, and unforgettable moments that make the beautiful game a global phenomenon. Throughout the tournament, Shock Top’s iconic mascot, Wedge Head, will rally supporters through digital content, social activations, and match-day celebrations designed to bring fans together wherever they’re watching.
Whether gathering at a neighborhood sports bar, hosting a backyard watch party, or cheering alongside friends, fans can enjoy every match knowing that a shocking result could make their next round even sweeter.
Jake Neilson, Senior Brand Manager for Shock Top, stated, “Shock Top was built around celebrating bold flavor and unexpected moments. Few sporting events deliver more drama than tournament soccer, where one result can change everything. Shocking Upsets gives fans another reason to get together, grab a Shock Top, and cheer for the moments nobody saw coming. When an underdog shocks the world, we’ll help make that celebration even better.”
If a qualifying upset occurs during tournament play, eligible fans can purchase a Shock Top and submit their receipt and promotional information for a rebate, subject to official rules.
Key Promotion Details
Promotion period runs from June 28, 2026, through July 19, 2026.A qualifying Shocking Upset occurs when a team ranked 21st or lower defeats a team ranked in the world’s top 10 during tournament play.Eligible consumers who purchase a Shock Top during the promotional window may submit their receipt for a rebate if a qualifying upset occurs.Offer available to legal-drinking-age consumers in participating states and subject to official rules, terms, and conditions. Built for fans who appreciate bold flavor and bold moments, Shocking Upsets adds an extra layer of excitement to every match by turning surprising outcomes into something worth celebrating.
This summer, Shock Top is inviting fans everywhere to embrace the unexpected and celebrate every shocking moment along the way.
For promotion details and official rules, visit https://shocktop.craftbrewoffers.com.
About Shock Top
Shock Top is a bold, Belgian-style wheat ale brand known for its refreshing taste, citrus-forward character, and easygoing personality. Crafted to bring unexpected flavor and energy to every occasion, Shock Top has become a go-to choice for beer drinkers looking for something expressive, approachable, and fun. Shock Top is part of the Tilray Beverages portfolio.
About Tilray Brands
Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy and create memorable experiences. Tilray’s unprecedented platform supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages.
For more information on how we are elevating lives through moments of connection, visit Tilray.com and follow @Tilray on all social platforms.
Forward-Looking Statements
Certain statements in this communication that are not historical facts constitute forward-looking information or forward-looking statements (together, “forward-looking statements”) under Canadian and U.S. securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be subject to the “safe harbor” created by those sections and other applicable laws. Forward-looking statements can be identified by words such as “forecast,” “future,” “should,” “could,” “enable,” “potential,” “contemplate,” “believe,” “anticipate,” “estimate,” “plan,” “expect,” “intend,” “may,” “project,” “will,” “would” and the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Certain material factors, estimates, goals, projections, or assumptions were used in drawing the conclusions contained in the forward-looking statements throughout this communication. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses, or current expectations. Many factors could cause actual results, performance, or achievement to be materially different from any forward-looking statements, and other risks and uncertainties not presently known to the Company or that the Company deems immaterial could also cause actual results or events to differ materially from those expressed in the forward-looking statements contained herein. For a more detailed discussion of these risks and other factors, see the most recently filed annual information form of Tilray and the Annual Report on Form 10-K (and other periodic reports filed with the SEC) of Tilray made with the SEC and available on EDGAR. The forward-looking statements included in this communication are made as of the date of this communication and the Company does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events, or otherwise unless required by applicable securities laws.
For further information, please contact
By You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Osmo founder Antons Davis and Altrina cofounder Mo Nasir both left Nvidia to launch their own ventures. Cynthia Smalley, Mo Nasir Roughly nine years into his tenure at Nvidia, Antons Davis hopped on a call with CEO Jensen Huang to pitch his ideas.
Davis, who led design for several Nvidia gaming products, brought up an idea for how the company could build an educational ecosystem. Huang challenged him to move beyond theory and prove the concept. Instead, the Nvidia CEO urged him to build something.
"'If you can show me, then we can talk about it,'" Davis recalls Huang telling him. "And that was a good reality check for me."
Ultimately, that's what Davis did. In 2022, he quit what would become one of the most coveted jobs in tech and embarked on a self-exploration journey of travel and retreats. During an ayahuasca ceremony, one message stuck: "I am a healer," he recalled scribbling in a notebook.
That led him to found a life-coaching practice, Touch of Humane, and later, a tech startup, Osmo, that develops software for coaches.
Davis is an anomaly at Nvidia, which has seen its stock grow twelvefold since the launch of ChatGPT in late 2022. The company's soaring valuation and relative stability in an industry recently defined by layoffs have created powerful incentives for many to stay, as their stock options have exploded.
Some Nvidians chose to start their own ventures instead and said the company's success gave them the freedom to walk away. Business Insider spoke to former Nvidia employees who left to become founders amid the height of the AI boom.
Nvidia's golden handcuffsSome former Nvidians described wrestling with golden handcuffs.
Adnan Boz, who left Nvidia in 2023 to found SoftwareAgent.AI, a startup building autonomous AI programmers, said he delayed his departure twice while waiting for the next quarterly vest, only to realize it was a "moving target." Nvidia stock payouts unlock over time — a tactic that tech companies have used for years to retain employees.
At 54, Boz knew his career timeline was finite.
SoftwareAgent.AI founder Adnan Boz. Adnan Boz Likewise, Davis said the decision to leave came at a cost. Unfulfilled by the "churn" of corporate life, he made what he described as a tough decision for someone with a survival mindset, having grown up in a small town in southern India.
Davis sold enough Nvidia stock to create a buffer of three to five years until he got his coaching business off the ground. He said he ultimately left "millions" on the table in pending stock compensation.
"I don't know how many people are able to let go of that golden handcuff and make that leap," he said.
Former Nvidia employees chase the AI startup boomAt the height of the AI boom, many former Nvidia employees saw an opportunity to build their own companies.
Mo Nasir got his first job out of college at Nvidia, working on control systems for self-driving cars. In his 20s, he felt an entrepreneurial pull — and as AI models improved, he saw an opportunity to build software that could automate work. Acceptance into Y Combinator gave him permission to take his side project into a full-time venture.
"If you want a shot at making a billion dollars, it is next to impossible to do that as an employee," he said.
Nasir left Nvidia in 2024 after over four years to launch Altrina, which creates agents in regulated industries. The company has raised $1.8 million in funding and has four employees.
While Nasir left behind a substantial amount of Nvidia equity, he said he underestimated the financial upside available to startup founders.
If Altrina were to sell at its pre-seed valuation, he "would have made back 10x what I left on the table when I left," Nasir said. "The numbers are just bonkers."
The right time to leave NvidiaFor Sam Karu, leaving Nvidia was less about a lack of fulfillment than about timing.
He didn't have a concrete idea for a startup when he quit after over three years at the company in 2025. But he'd just turned 30 and knew he wanted a family, so he sought to take advantage of his most productive years, recognizing that the ability to work around the clock wouldn't last forever.
"I knew I was giving up a job that most people would die to have," he said.
Karu left Nvidia to found the Y Combinator-backed startup Logical, which is building an AI work assistant.
Logical founder Sam Karu. Courtesy of Sam Karu After leaving, the founders said Nvidia's reputation helped establish credibility with investors, customers, and other stakeholders. And they said the company's culture informed their journey as entrepreneurs.
"Jensen is like a school," said Boz, the SoftwareAgent.AI founder, said of Nvidia's CEO.
He said that Huang taught employees to become comfortable with failure and to see setbacks and blame as parts of building something new — a lesson that sits at the heart of entrepreneurship.
"You have to make mistakes so you can actually fine-tune your goal," Boz said.
Have a tip? Contact this reporter via email at [email protected] or Signal at @geoffweiss.25. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.
Read next
Geoff Weiss You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Geoff Weiss is a senior reporter on Business Insider’s tech team, where he writes about AI startups and Y Combinator, the intersection of AI and the media industry, and workplace dynamics within top AI labs and chip companies.Previously, Geoff was on the media desk, covering YouTube and Netflix, and themes like the intersection of Hollywood and the creator economy. His work on Netflix’s video podcasting ambitions and Mr Beast’s lessons for Hollywood won second and first prize, respectively, at the 2025 LA Press Club Awards.Prior to joining Business Insider, Geoff was the senior editor of Tubefilter and a staff writer at Entrepreneur. He graduated from New York University with a degree in English Literature.He can be reached at [email protected], on Signal @geoffweiss.25, and on LinkedIn. Have a tip? Use a personal email address and a nonwork device; here's our guide to sharing information securely.Selected stories:Nvidia crushed its quarter — and CEO Jensen Huang said in a leaked all-hands that 'the market did not appreciate it'Nvidia will foot the bill for Trump's new visa fees. Here's what CEO Jensen Huang told staff.Massive AI salaries and RTO are fueling a real estate boom in San Francisco: 'It's going to rain money'The AI talent wars are ricocheting across startups. Here's how they're competing with Big Tech.
Careers Big Tech AI More Startup Startups Leadership
Nvidia (NVDA +0.15%) has proven itself to be an excellent investment in recent years -- it's soared 1,000% over the past five. The artificial intelligence (AI) chip giant has been among the first companies to monetize its AI investments in a big way. This is because Nvidia's chips are an essential tool for customers throughout their AI path -- from the training of models to the actual use of the technology to address real problems.
And this demand for chips has helped push Nvidia's earnings to record levels. For example, in the latest full year, revenue rose 65% to $215 billion. And net income climbed to $120 billion. Though rivals exist, customers flock to Nvidia because its chips -- known as graphics processing units (GPUs) -- offer the fastest speed around. Speed is an important advantage because it favors efficiency and allows a customer to bring its AI projects to commercialization sooner -- and both of these elements may reduce total costs over time.
Nvidia stock clearly is a great stock to own, but now the question is: When should you actually make the purchase? Should you pick up the shares ahead of a potential catalyst on June 24? Let's find out.
Image source: Getty Images.
An AI chip giant First, we'll start by diving a little deeper into the Nvidia story. The company, as mentioned, has become an AI chip giant thanks to its top-performing GPUs. But Nvidia isn't just a chip player. These chips are part of entire systems, including a range of products and services -- from networking tools to enterprise software. Nvidia has even designed platforms that address problems and needs of specific industries: For example, the company offers pharmaceutical and biotech companies solutions for AI-assisted drug discovery.
And Nvidia has become a key partner for companies developing tomorrow's technology, from autonomous vehicles to humanoid robots and even next-generation telecom. All of this has broadened Nvidia's reach well beyond the GPU itself -- and secured its spot in the AI story as it develops and expands.
The latest major news is that Nvidia is now pursuing another enormous chip market: the central processing unit (CPU) market. CPUs are the chips that power all computers, and Intel and Advanced Micro Devices have been leaders in this area. These chips weren't a big part of the AI story in the early part of the AI boom -- but all of that is changing as agentic AI emerges. CPUs fuel AI agents, the software that considers a problem and takes action, or even several actions. Nvidia saw this coming, and this year is launching its first-ever stand-alone CPU for data centers and a superchip for personal computers, including its GPU and CPU.
Today's Change
(
0.15
%) $
0.30
Current Price
$
205.18
What's happening on the morning of June 24 All of this suggests plenty of good times ahead for Nvidia. So, now, with this in mind, let's consider what's set to unfold on June 24 at 9 a.m. Pacific Time. And that's the company's annual meeting of shareholders. It will be held virtually, allowing shareholders from any location to easily participate. A few items are on the agenda -- such as the election of 10 directors and approval of executive compensation -- but these aren't likely to be decisions that will impact stock performance.
Nvidia isn't known for making major announcements during these meetings, and it's important to keep in mind that the company recently reported earnings, so any such news would have been given at that time. But chief Jensen Huang may offer a few comments about Nvidia's position in the AI market or comment on the future trajectory of AI. And any such comments could offer the stock direction in the hours or days to follow.
Now, let's get back to our question: Should you buy Nvidia stock before this meeting? I consider Nvidia a buy today, due to the strengths I mentioned above and its dirt cheap valuation -- it trades at 22x forward earnings estimates. But you don't have to rush to get into the stock before June 24, and here's why.
As a long-term investor, you'll aim to hold onto Nvidia stock for at least five years. And any price movement around the shareholders' meeting is unlikely to change your returns when you hold on for that long. All of this means that, yes, Nvidia is a buy -- right now or after June 24.
The Elon Musk-led company closed its first trading session at $160.95, up 19.22% from its $135 IPO price, after raising $75 billion in an all-primary share offering.
Musk and other early stakeholders are subject to a 366-day lockup period.
Analysts See Long-Term OpportunityWedbush Securities analyst Dan Ives called the SpaceX listing a watershed moment. He said the debut could mark the start of an “IPO supercycle” and help clear the path for future listings from companies such as Anthropic and OpenAI.
Maguire said he plans to hold his SpaceX shares “forever,” reflecting his confidence in the company’s long-term trajectory.
Maguire also pointed to Starship as a key part of SpaceX’s future opportunity, saying the company’s engineering base and infrastructure support his long-term optimism.
SpaceX Price ActionPhoto via Shutterstock
Market News and Data brought to you by Benzinga APIs
Nvidia (NASDAQ:NVDA | NVDA Price Prediction) CEO Jensen Huang is a great man to listen to if you’re looking for a preview of what’s to come from the future of the AI revolution. Indeed, it wasn’t all too long ago that Mr. Huang was sounding upbeat about the AI boom at a time when the average investor could not even begin to fathom what AI was. Indeed, the launch of OpenAI’s ChatGPT seemingly changed everything overnight, and as the GPU king, Nvidia hasn’t looked back since.
With Nvidia seemingly trying to get past a checkpoint (or a lengthy consolidation channel) en route back to prior highs, questions linger as to what it’s going to take to get the GPU leader back to its fast-gaining ways. With Mr. Huang saying things like “The whole industry supply chain” and everything being “in short supply because demand is so high.”
It certainly feels like Nvidia shares look like a bit of a gift at around $200 per share, especially if the scenario that Mr. Huang sees lasts for a couple of years. Indeed, he sees the supply-demand imbalance as “going to persist for several years.” In my view, it’s hard to argue against the man, especially given his stunningly accurate track record of calls over the years.
There’s risk in Nvidia stock, but is it overpriced to the point that Nvidia actually offers a good risk/reward? At this juncture, there certainly seems to be a bit of a value disconnect. How could a company with ridiculous growth and margins be going for a middle-of-the-pack (the pack being the Magnificent Seven) kind of multiple of 31.3 times trailing price-to-earnings (P/E)? Indeed, you could pay a far higher price for a company with a growth rate that’s south of 10%.
While it’s unreasonable to think that Nvidia’s 70%+ sales growth and gross margins will last forever (in fact, these metrics could nosedive once the cycle turns, which is probably why so many have paused with Nvidia stock), perhaps investors should actually consider the most dangerous words of “things are different this time,” even though it’s gotten many into a steaming heap of trouble in past revolutionary booms, the most recent being during the dot-com bust.
Perhaps the inverse phrase, that “things won’t be any different from last time,” is just as much of a problem for those who are so convinced there’s a bubble in AI to bet against names like Nvidia (think Dr. Michael Burry of The Big Short fame, who holds bearish put options against the company).
Of course, the problem during the dot-com days was that the revolutionary technology made it okay to forget about valuation.
Nvidia stock’s valuation is arguably too reasonable With Nvidia stock, the valuation makes a lot of sense. And it may be treated as a value trap, likely because shares have had a solid six-year chart.
Any way you look at it, though, investors must ask themselves if the risk of a cyclical implosion in AI demand exceeds the reward to be had if Jensen Huang is correct and AI demand will still outpace (perhaps heavily) supply for many years to come. The timing will always be hard to get. Not even the great Mr. Huang will get the timing of the AI market with surgical precision.
But the big question is whether or not investors view the GPU titan as a value trap or not. It looks cheap because it’s either nearing a peak in the cycle (cyclical stocks tend to appear cheapest when they’re not actually) or because it’s actually cheap. That’s the big debate right now. And if you believe Jensen Huang and the pace of CapEx we’ve witnessed this year, perhaps the move is to be a net buyer of the shares.
The bottom line I’ve said it before, and I’ll say it again: either Nvidia stock is wildly undervalued or it’s severely overvalued, depending on what AI demand does next. Either way, the market might be underestimating the magnitude of what’s to come.
In my humble opinion, it’s things like Claude Mythos that lead me to believe the former is likelier than the latter, as big firms throw money to alleviate chokepoints in this AI revolution. Mythos is generating serious, unfathomable value in the cybersecurity scene. And the big question is whether there will be more Mythos to come as everyone else gets a taste of Claude Fable.
SummaryAT&T remains well-positioned despite rising satellite broadband competition, with terrestrial networks retaining clear advantages in speed, coverage, and use cases.Concerns about SpaceX/Starlink disrupting T’s core fiber and wireless business are overstated; satellite is likely a niche solution for remote areas.T’s aggressive fiber expansion, cost-cutting, and partnership models are set to drive substantial FCF growth, with rising projections up till 2028.Valuation remains attractive, with a price-to-cash flow gap versus peers and a relatively moderate $30 price target implying 27% upside.This target is in light of competition among terrestrial cellular providers and execution risks related to integrating acquisitions. Getty Images
Since my last bullish piece on AT&T (T) titled “AI-Led Productivity And Capital-Light Growth” in May 2024, it has gained more than 30%. However, as charted below, the stock plunged in March, somewhat coinciding with news about
8.66K Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of SPCX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
This is an investment thesis and is intended for informational purposes. Investors are kindly requested to do additional research before investing.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
NEW BRUNSWICK, N.J.--(BUSINESS WIRE)--Johnson & Johnson (NYSE: JNJ) (the “Company”), healthcare's leading, most comprehensive innovation powerhouse, today announced an investment of more than $1 billion in Jacksonville, Florida to strengthen its Vision operations by scaling U.S.-based manufacturing, packaging and distribution capabilities. The investment includes construction of a new, state-of-the-art distribution facility, alongside advanced manufacturing and packaging technologies to exp.
Fashion icon joins Target in a first-of-its-kind Creative Director at Large role Mizrahi will mentor Target designers, advise on product design and innovation, bring fresh partnerships and help strengthen Target's design authority and cultural relevance , /PRNewswire/ -- Target Corporation (NYSE: TGT) is welcoming renowned designer and creative visionary Isaac Mizrahi as the retailer's first creative director at large.
This partnership with Mizrahi will further elevate Target's merchandising authority and strengthen its position as a destination for great design at an exceptional value. In his new, unprecedented role, Mizrahi will serve as a creative advisor to Target's internal design organization, mentor design talent, and elevate Target's design credibility and cultural relevance.
Isaac Mizrahi. Photographer: David Gurzhiev, courtesy of Target.
Gena Fox, Senior Vice President, Design of Target, and Isaac Mizrahi, Creative Director at Large of Target. Photographer: David Gurzhiev, courtesy of Target. "Great design is deeply human – it ignites confidence and joy, and it's what guests tell us they love about shopping at Target," said Cara Sylvester, executive vice president and chief merchandising officer, Target. "Isaac has always believed, as we do, that great design should be accessible to everyone. What excites me most is the opportunity to pair his creativity and perspective with the incredible talent we already have inside Target as we shape the next chapter of style and design for our guests."
"I'm thrilled to have this opportunity to inspire a brand I care so deeply about," said Isaac Mizrahi, creative director at large, Target. "My partners at Target and I have always shared the idea that great design should belong to everybody, and Target is poised to be the design authority in a way only Target can. My role is to collaborate with its incredible team to bring more joy, style and sophistication to design through storytelling, creativity and a shopping experience that feels even more fun."
As creative director at large, Mizrahi shares Target's belief that exceptional design should be accessible to all — a philosophy that will come to life through this partnership in several key ways, including:
Product and design consultation
Working alongside Gena Fox, senior vice president of design at Target, Mizrahi will: Serve as a creative advisor across key product and design milestones, including new product concepts, design innovation and emerging trends Identify new opportunities for partnerships, capabilities and experiences that strengthen Target's design leadership Mentorship and talent development
Mizrahi will play a central role in a new mentorship program launching this summer designed to accelerate creative development and provide Target designers with direct access to insights from Mizrahi's decades-long career in fashion and design. Through this immersive program, select Target designers — from established leaders to emerging creatives — will work directly with Mizrahi through: One-on-one mentorship sessions Creative immersion experiences and inspiration trips Design workshops and consultations Brand and experiential moments
Mizrahi will help build Target's design credibility and cultural relevance by contributing to: Brand storytelling Design-focused collaborations and purpose-driven partnerships, including community engagement initiatives Together, these efforts will help strengthen Target's leadership in style, design and value while continuing to deliver distinctive products, brands and experiences for guests.
About Target
Target Corporation (NYSE: TGT) brings together style, design and value to offer a distinct assortment and elevated shopping experience across more than 2,000 U.S. stores and online. Powered by more than 400,000 team members, Target serves millions of families each week and invests in the communities where they live and work to support growth and opportunity for all.
At just 7.6 times earnings, PayPal (PYPL +0.70%) is essentially priced like a mature utility stock. This may seem odd for a company that is generating $6 billion or more in annual free cash flow, has a loyal customer base of nearly 440 million active accounts, and is buying back stock hand over fist.
To be fair, although PayPal is a very cheap stock by most metrics, there's also significant uncertainty about the company's future. In this article, we'll take a look at some of the reasons to buy PayPal, as well as some reasons investors may want to take a cautious approach.
Image source: Getty Images.
Anemic growth led to a big change at the top As mentioned, PayPal is a highly profitable business. It generated $6.4 billion in adjusted free cash flow last year, grew adjusted EPS by 14% year over year, and reduced its outstanding share count by about 8% through aggressive buybacks.
But there's a difference between cheap and "cheap for a reason," and for the time being, PayPal fits into the latter category.
Earlier this year, PayPal unexpectedly removed CEO Alex Chriss after about 2.5 years at the helm, specifically citing the company's slow turnaround. While Chriss certainly had grand ambitions to make PayPal the dominant leader in payments during the AI revolution, the reality was that actual revenue growth has been minimal. For example, branded checkout volume (PayPal's core product) grew by just 2% in the first quarter. Plus, EPS is expected to decline year over year in the current quarter.
Could PayPal actually turn things around? New CEO Enrique Lores is known for being excellent at simplifying operations and reducing expenses, not for being an innovator. So, it's understandable that investors believe that PayPal is simply throwing in the towel on Chriss' AI-first future vision.
However, I'm not so sure this is the case. So far, Lores has made moves to simplify the business, including reorganizing the company into three distinct business units. He also aims to produce $1.5 billion in cost savings within the next few years and to "aggressively deploy AI across operations and technology." Plus, Venmo's growth has been quite strong, especially with the "Pay With Venmo" initiative.
The biggest unanswered question right now is whether Lores can turn things around and produce sustainable, profitable growth. Investors are skeptical, and rightly so, especially because Chriss (who has much more of an innovator reputation) was unable to produce acceptable results in over two years. If Lores can deliver strong revenue growth and maintain strong margins, PayPal could be a screaming bargain at the current level. But let's be clear -- that's a big if.
Matt Frankel, CFP® has positions in PayPal and has the following options: long January 2027 $75 calls on PayPal, long January 2027 $95 calls on PayPal, short January 2027 $135 calls on PayPal, and short January 2027 $85 calls on PayPal. The Motley Fool has positions in and recommends PayPal. The Motley Fool recommends the following options: short June 2026 $50 calls on PayPal. The Motley Fool has a disclosure policy.
Connecting brands to highly engaged audiences through an exclusive EA SPORTS Partner Program, in-game integrations, creative partnerships, and scalable advertising capabilities across EA’s global portfolio
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA), the global leader in interactive entertainment, today announced the launch of EA Advertising, a new platform transforming how brands connect with audiences through digital and real-world experiences across its global portfolio of games.
EA sits at the intersection of entertainment, sports, technology, music, and culture. Across console, mobile, and PC, our games and services reached more than 120 million players1 each month during fiscal year 2026. Together, this scale and frequency of engagement create meaningful opportunities for brands to connect with audiences through authentic, interactive experiences. EA SPORTS is one of the largest interactive sports platforms in the world, connecting hundreds of millions of players across console, PC, and mobile each year. Fans engage with EA SPORTS at extraordinary scale playing the equivalent of 23,000 NFL seasons every day in Madden NFL and completing more than 1 billion matches each month in EA SPORTS FC. Through a portfolio spanning globally licensed franchises EA SPORTS gives brands access to highly engaged sports audiences at scale. EA builds spaces where players play, watch, and connect with one another, creating participatory experiences where brands come to play alongside them.
EA Advertising is expanding EA’s ecosystem by enabling brands to integrate directly into gameplay through dynamic, real-time placements, from stadium signage to custom in-game content, designed to enhance, not disrupt, the player experience. In these interactive gameplay environments, brands become part of the game itself, reflecting how players engage with advertising in real-world contexts. Brands can activate across live environments, tailoring placements to meet campaign objectives, and update campaigns with ongoing optimization informed by aggregated engagement insights.
“Players come to EA’s games and live experiences every day to play, watch, create and connect,” said David Tinson, Chief Experiences Officer at Electronic Arts. “That gives brands a meaningful opportunity to show up in ways that add value and respect the player experience, while maintaining authenticity in the worlds our teams are building. With EA Advertising, we’re helping brands become part of those moments in ways that are relevant and built for players.”
As part of the launch, EA Advertising is introducing new ways for brands to reach audiences and measure performance across its ecosystem:
Brand Partnerships and Gameplay Integrations: EA Advertising partners directly with brands and agencies to create custom integrations designed for specific games and audiences. These collaborations bring brands into the experience through interactive moments, like in-game challenges, reward-driven objectives, and branded content. Brands can also opt into customizations like curated vanity items. Each integration is designed to reflect how fans engage with sports, games and culture, helping drive deeper engagement and brand connection.Ad Units in 3D Sports Simulations: Advertisers can now reach fans through native ad units in select EA SPORTS games, including digital ad boards, scoreboards, and brand broadcast overlays. Ads are dynamically served within the 3D environment, with impression measurement aligned to IAB standards for greater targeting and consistency.Enhanced Targeting and Measurement Capabilities: Brands can connect with relevant audiences across EA’s franchises using advanced targeting powered by EA’s new proprietary ad server and SDK, custom built for EA’s Frostbite game engine. Advertisers can now collaborate with EA in a privacy-safe way to improve targeting and gain deeper campaign insights. EA ensures ads are viewable, delivered to real audiences, and measured using industry-accredited standards in partnership with Integral Ad Science.EA SPORTS Partner Program: As part of EA Advertising, the EA SPORTS Partner Program introduces a new model for how brands participate in sports culture—moving beyond traditional sponsorship into co-created fan experiences built in, around, and beyond the game. Designed as a premium ecosystem for a select group of official partners, the program gives brands access to one of the world’s most engaged sports communities through opportunities ranging from live events like EA SPORTS Presents Madden Bowl and franchise tentpole moments such as Ratings Reveals, to in-game integrations, live service activations, creator tools, social play experiences, and community-driven programs. The program also extends into broader cultural and athlete-driven initiatives, including GEN / EA SPORTS, the company’s next-generation athlete platform focused on shaping the future storytelling and participation across sports fandom.EA Advertising has already started to partner with leading brands to deliver in-game experiences across the EA Portfolio, including:
Visa, a proud partner of EA SPORTS FC™ and EA SPORTS™ College Football, is partnering with EA SPORTS to deliver immersive, participatory experiences in and beyond the game, connecting its global network with a community of hundreds of millions of players.Lowe’s, which integrated into EA SPORTS FC, Madden NFL, and College Football through Ultimate Team challenges and branded player content, driving more than 987,000 games played and more than 200,000 challenges completed.Red Bull engaged EA SPORTS FC players through branded in-game objectives, team kits, and athlete ambassador collaborations, driving more than 128 million matches played, 1.2 million objectives completed, and strong in-game and social engagement.Xfinity and Peacock, which activated through dynamic in-stadium and broadcast-style integrations, custom vanity kits, Ultimate Team Packs, and personalized rewards through the Rewards program, in EA SPORTS FC 26, bringing the energy of live sports media into gameplay.Mountain Dew’s “DEW University,” a fully playable team experience in EA SPORTS College Football 26, complete with a custom stadium, mascot, and reward ecosystem.EA Advertising works directly with brands and partners to create bespoke integrations across its portfolio, spanning in-game, community, and real-world experiences. This hands-on approach enables tailored executions built for each title and audience, with expanded buying capabilities planned as the platform continues to scale. To learn more about EA’s brand partnership opportunities, please visit https://www.ea.com/brand-partnerships.
About Electronic Arts
Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.
In fiscal year 2026, EA posted GAAP net revenue of approximately $7.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS FC™, Battlefield™, Apex Legends™, The Sims™, EA SPORTS™ Madden NFL, EA SPORTS™ College Football, Need for Speed™, Dragon Age™, Titanfall™, Plants vs. Zombies™ and EA SPORTS F1 ®. More information about EA is available at www.ea.com/news.
EA, EA SPORTS, EA SPORTS FC, Battlefield, Need for Speed, Apex Legends, The Sims, Dragon Age, Titanfall, and Plants vs. Zombies are trademarks of Electronic Arts Inc. John Madden, NFL, and F1 are the property of their respective owners and used with permission.
1 A reasonable estimate, including reasonable efforts to remove duplicate accounts, using internal company data and information provided by third parties, including third party network logins provided by platform providers. From time to time, our actions may impact the comparability of these metrics.
Key Takeaways AI power demand is driving CAT's energy segment.CAT enjoys a record backlog.The company is rapidly expanding its autonomous mining segment. Caterpillar Company OverviewZacks Rank #1 (Strong Buy) company Caterpillar ((CAT - Free Report) ), known for its iconic yellow machines, is the largest global construction and mining equipment manufacturer. Given that it serves a gamut of sectors - infrastructure, construction, mining, oil & gas and transportation, the company is considered a bellwether of the global economy.Since 1925, Caterpillar’s product portfolio has evolved and boasts 20 brands and generated revenues of $67.6 billion in 2025. It has more than 4 million products with an extensive dealer network of 156 dealers spanning 190 countries.
Caterpillar started using telematics in the 1990s and reached its target of 1 million connected assets in 2019. It currently has more than 1.5 million connected assets. The combination of innovation, and cutting-edge technology, coupled with the formidable reputation, set Caterpillar apart from its peers.
Benefitting from the AI Data Center BoomThe artificial intelligence and cloud computing boom has transformed this legacy industrial giant into a crucial "picks and shovels" player for the physical layer of the AI revolution. The defining challenge for hyperscale AI data centers is securing enough electrical power, and connecting a massive campus to the traditional utility grid can take years due to regulatory hurdles, transmission line shortages, and grid capacity constraints. To bypass these delays, data center developers are increasingly choosing to skip the grid entirely or build decentralized, on-site power infrastructure to accelerate their time to market, which has sparked an unprecedented surge in demand for Caterpillar's Energy & Transportation segment. Developers are deploying massive arrays of Caterpillar's natural gas and diesel reciprocating engines, as well as industrial gas turbines through its Solar Turbines subsidiary, to generate electricity directly on-site and provide the continuous, high-output baseload reliability that compute-heavy AI workloads demand.
Record Backlog Provides Future Revenue VisibilityCaterpillar’s backlog rose to a record $63 billion at the end of first-quarter 2026, up 79% year over year, supported by all three primary segments and all-time record order intake. Management raised its full-year 2026 outlook to low double-digit sales compared with the earlier expectation of growth near the upper end of its long-term 5-7% CAGR target. The company also expects services revenue growth for the year. Notably, the company also updated its previously provided long-term target provided at its investor day of CAGR of 5-7% through 2030 to 6-9%. In North America, demand from residential and non-residential construction should support Caterpillar’s construction equipment sales in the long run. U.S. infrastructure investment in roads, bridges, airports and waterways remains an opportunity for Caterpillar given the breadth of its construction portfolio. Increased construction activity will also support demand in EAME and Latin America. Caterpillar plans to increase Construction Industries’ sales to users to 1.25x by 2030, compared to 2024. Meanwhile, Zacks Consensus Estimates suggest double-digit EPS growth through next year.
Image Source: Zacks Investment Research
Mining Cycle Support and Autonomous Expansion
Miners are bringing radical changes to mining operations to increase productivity, reduce cost and improve frontline safety and are, thus, increasingly relying on autonomous systems. Electric vehicle demand is also boosting demand for commodities. The intensifying global focus on shifting from fossil fuels to zero emissions will require a huge number of commodities, which in turn, will boost demand for Caterpillar’s mining equipment. Also, favorable trends in commodity prices bode well for mining equipment demand. Caterpillar is enhancing its autonomous capabilities and bringing innovative products into the markets to capitalize on this demand. Caterpillar acquired RPMGlobal in February 2026, expanding its portfolio of data-driven mining technology and software solutions that help customers plan, operate and manage their sites more efficiently. This aligns with the company’s broader autonomy roadmap. The company plans to triple the number of autonomous trucks in Resource Industries from 2025 levels by 2030.
Bullish Technical Set UpCAT shares are retreating to the rising 50-day moving average, offering a high probability reward-to-risk zone.
Image Source: TradingView
Bottom Line
Caterpillar is exceptionally positioned for sustained long-term growth as a global economic bellwether.
ByteDance, the parent company of TikTok, is reportedly in talks with Iluvatar CoreX and Baidu Inc. (NASDAQ:BIDU) to acquire AI chips.
Iluvatar CoreX is projected to deliver at least 50,000 chips to ByteDance this year, primarily for AI inference tasks, as the company broadens the user base of its Doubao chatbot.
If the deal goes through, Iluvatar CoreX would become ByteDance’s third major domestic GPU supplier, following Huawei and Cambricon, according to a Reuters report on Monday.
ByteDance did not immediately respond to Benzinga’s request for comments.
Nvidia Adapts To China CurbsThis development comes after a report in March suggested that ByteDance planned a major AI infrastructure expansion in Malaysia, underscoring how Chinese tech firms are building computing capacity overseas amid U.S. export restrictions.
The project reportedly involved deploying around 36,000 of Nvidia Corp.‘s (NASDAQ:NVDA) B200 AI chips through cloud provider Aolani Cloud, with hardware costs potentially exceeding $2.5 billion.
However, amid Beijing’s push, Chinese GPU and AI chip manufacturers claimed nearly 41% of the domestic AI accelerator server market last year, challenging NVIDIA’s long-held dominance in a market that once generated over 20% of its data center revenue.
Meanwhile, according to a Reuters report on Friday, NVIDIA has started marketing its new Vera AI data-center CPU to Chinese customers, with orders now open and availability expected as early as August. The chip is Nvidia’s first standalone CPU designed specifically for agentic AI workloads.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
Key Takeaways RH is a premier luxury home furnishings retailer.Tariffs are causing cost pressures. RH's performance is deeply tethered to the struggling housing market. Restoration Hardware Company OverviewZacks Rank #5 (Strong Sell) company RH ((RH - Free Report) ) is a leading luxury retailer in the home furnishing space. The company offers dominant merchandise assortments across a growing number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware and child and teen furnishings.RH’s business is fully integrated across its multiple channels of distribution, consisting of stores, Source Books and websites. RH positions its Galleries as showrooms for its brand, while websites and Source Books act as virtual extensions of its physical spaces. RH has an integrated RH Hospitality experience in ten of the Design Gallery locations, which include restaurants and wine bars.
RH Faces Tariff Uncertainty & Rising Cost PressuresRH faces significant headwinds from tariffs that continue to disrupt operations and weigh on financial visibility. With about 16 different tariff announcements over the past 10 months, RH has been facing significant resourcing challenges, product delays and out-of-stocks, along with multiple rounds of price negotiations and increases. Tariff-related resourcing has also impacted key categories such as furniture, lighting and rugs, which are more complex to shift across manufacturing locations. The elevated tariffs of 50% on imported steel and aluminum, with a new investigation into furniture imports, burden the company’s cost structure. These cost burdens not only threaten margins but also create timing distortions in revenue recognition. In the fourth quarter of fiscal 2025, tariffs remained a key driver of margin pressure, with an impact of around 90 basis points.
RH: Dependent on Housing MarketRH and other industry peers are highly dependent on housing market demand. The housing industry is cyclical and affected by consumer confidence levels, prevailing economic conditions and interest rates. The federal government’s actions related to economic stimulus, taxation and borrowing limits could affect consumer confidence and spending levels, which could hurt both the economy and the housing market.
Bottom Line
While RH maintains a sophisticated, fully integrated luxury brand identity and continues to innovate through its unique blend of retail and hospitality, its near-term outlook is increasingly challenged by external economic pressures. The convergence of persistent tariff burdens, supply chain bottlenecks, and an unpredictable, interest-rate-sensitive housing market presents a demanding operating environment. Moving forward, RH's ability to maintain its premium margins and sustain revenue growth will heavily depend on how effectively it navigates these macroeconomic headwinds and mitigates ongoing cost volatility.
Key Takeaways RH beat Q1 estimates, raised its fiscal 2026 outlook and pointed to a stronger back-half ramp.Estates is framed as a higher-end luxury launch with customization and broader access to trade-only goods.RH plans to use Paris, Milan and London openings plus new trade incentives to support global growth. RH (RH - Free Report) used its first-quarter fiscal 2026 earnings call to push investors past a modest revenue decline and toward a more ambitious second-half setup built around backlog normalization, new gallery openings and the launch of RH Estates.
Management raised its full-year outlook after first-quarter results came in ahead of expectations, but the call’s bigger message was strategic. Chairman and CEO Gary Friedman framed Estates and RH’s European build-out as the foundation for the next phase of the luxury brand.
RH Leans on a Back-Half BridgeRH reported adjusted loss per share of $1.97, narrower than the Zacks Consensus Estimate of a loss of $2.13 by 7.5%. Revenues of $800.3 million topped the Zacks Consensus Estimate of $791.6 million by 1.1%.
Even so, first-quarter revenues fell 1.7% year over year, and adjusted EBITDA margin came in at 7.1%. The company said elevated backorder and special-order balances, driven mainly by tariff-related resourcing, reduced first-quarter revenue by about $45 million.
Friedman and CFO Jack Preston repeatedly returned to the same bridge for the second half: a $75 million backlog reduction, new store growth and new concept growth tied to Estates. That framework underpins management’s expectation for a much stronger back half.
RH Estates Takes Center StageFriedman spent much of the call arguing that RH Estates is not just another collection launch. He described it as RH’s entry into the highest tier of the luxury home market, with more customization, higher-end craftsmanship and broader access to goods that have traditionally sat behind trade-only channels.
He told analysts RH has underpenetrated the traditional luxury segment and said Estates could open a meaningfully larger addressable market than prior product introductions. He also cast the rollout as one of the most incremental opportunities the company has pursued.
That tone mattered. Rather than defending a soft quarter, Friedman used the call to position Estates as a product, trade and pricing reset that could reshape how RH competes at the top end of home furnishings.
Management Ties Growth to New OpeningsRH raised its fiscal 2026 outlook to revenue growth of 4.5-8% and adjusted EBITDA margin of 14.2-16%. For the second quarter, it guided to revenue growth of 0.5-2.5% and adjusted EBITDA margin of 11.5-13.0%.
Management said that guidance includes pressure from preopening and startup costs tied to international expansion, with a roughly 270-basis-point drag for the year and 380 basis points in the second quarter. Preston later said part of that pressure should fade in the back half as opening-related costs roll off.
Friedman also highlighted Paris, Milan and London as the physical anchors of RH’s global luxury push. In Q&A, he described London as the key amplifier for the European platform, with stronger awareness and the potential to accelerate the ramp across the region.
Analysts Press RH on ExecutionQuestions from Guggenheim, UBS and Morgan Stanley focused on whether Estates can really deliver the second-half acceleration embedded in guidance. Friedman’s answers were notably forceful, especially around market size, pricing power and the uniqueness of the assortment.
A UBS analyst also pressed RH on whether the company needs to modernize customer acquisition beyond Sourcebook mailings. Friedman defended the existing model, pointing to gallery productivity, the importance of physical retail in luxury furniture and RH’s relative outperformance against peers.
On balance sheet questions, management reiterated that debt reduction remains a priority. Friedman pointed to planned asset sales, lower spending after the current peak investment cycle and eventual free cash flow expansion as the main path toward deleveraging.
RH Reworks the Trade PlaybookOne of the clearer strategy shifts came around RH’s relationship with the trade. Friedman said the company will introduce a program that compensates interior designers, architects and trade members more directly, especially as Estates opens access to a higher-end product mix.
In Q&A, he acknowledged RH had removed trade incentives in the past and said the company now views that decision differently. He framed the new program as a way to unlock a supercustomer segment that already buys heavily but has not been fully monetized inside RH’s model.
That exchange gave investors something more concrete than the prepared remarks. It showed RH is not just expanding assortments, but also adjusting the commercial model to capture more of the high-end design ecosystem.
RH Leaves an Assertive ToneThe call ended with an unusually expansive tone from management. Friedman repeatedly described this period as one of the most important in RH’s history, tying together Estates, European openings and a future inflection in cash generation.
For investors, the main takeaway was not the quarter itself. It was management’s insistence that RH is nearing the payoff phase of a heavy investment cycle, with a clearer product story and a more defined path to second-half acceleration.
Zacks Signals Remain WeakRH carries a Zacks Rank #5 (Strong Sell), with a Value Score of C, Growth Score of B, Momentum Score of D and VGM Score of C. Under the Zacks framework, a stronger Style Score can help refine stock selection, but they work best alongside favorable ranks, typically Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
That makes the current signal cautious despite the earnings beat and raised outlook. A Zacks Rank #5 points to unfavorable estimate revision trends, and the rank can change after a report as analysts update projections in response to new results and management commentary.
Albert Einstein's 3 rules of work. Out of clutter, find simplicity. From discord, find harmony. In the middle of difficulty lies opportunity. Seem especially relevant at this moment. Where compounding clutter from tariffs, global discord as a result of war and the most dire housing market in decades can make it difficult to separate the signal from the noise.
It's important to remember, necessity is the mother of invention, and our most important innovations were birthed during the most uncertain times. Transforming a nearly bankrupt Restoration Hardware into RH, the leading luxury home brand in North America was not a feat for the faint of heart. While the external challenges are somewhat familiar, our internal opportunities are massively different. We're not closing stores and fighting to survive. We're building a never seen before brand that's positioned to thrive. Before we get into the details of our strategy, let's start with a few facts that should quiet some of the noise.
In 2025, RH achieved revenue growth of 8% and 2-year growth of 15%, far outpacing our furniture industry peers by 8 to 30 points. Adjusted EBITDA reached $597 million or 17.3% of revenues versus $539 million or 16.9% of revenues in 2024. Free cash flow of $252 million versus negative free cash flow of $214 million in 2024, an increase of $466 million year-over-year. Those results were despite 2025 being our peak investment year with $289 million of adjusted CapEx to support our global expansion, plus an additional $37 million to purchase the Michael Taylor, Formations and Dennis & Lean brands to support the launch of our new concept, RH Estates. A strong performance considering the unusual circumstances.
