Track market-moving stories before they get noisy

Uniswap Labs launches Permissioned Pools for regulated assets on v4

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

While the crypto market is discussing Shiba Inu's (SHIB) sudden daily price surge of nearly 40%, another record has been set inside the ecosystem itself — an abnormal deflationary wave. Over the past 24 hours, the meme coin's burn rate posted a vertical spike of 5,223.98%, permanently destroying 401,219,021 tokens, according to SHIBBurn portal.

Such aggressive pressure completely rewrote the weekly statistics, which had previously looked rather sleepy. Over the past seven days, the burn rate increased by 816.02%, removing 457,511,537 SHIB from circulation.

Decoding SHIB's 5,223% overnight burn rate spikeComparing these figures reveals some amusing math, as almost the entire weekly burn volume went up in smoke during the past 24 hours alone. Most interestingly, the conveyor belt is not stopping for even a minute. Just one transaction over the past hour sent another 34,738,227 tokens to a burn address.

HOT Stories

At the same time, complete madness was unfolding on exchanges. SHIB recorded a net daily gain of 27.14%, although at the peak of the excitement, the price jumped by as much as 36%. 

Shiba Inu (SHIB) price 40% surge on intraday chart with burn rate timestamp, Source: TradingViewAs a result, SHIB settled at $0.00000540. Supported by a massive trading volume of $700 million, its market capitalization climbed to $3,179,718,980, bringing the asset back to around 25th place in CoinMarketCap's global rankings.

However, it is important to apply cold calculation here and not confuse cause with effect. The hundreds of millions of burned tokens are physically incapable of moving the coin's price. They represent a microscopic drop in an endless ocean, as SHIB's total supply still stands at an astronomical 589,159,143,761,521 tokens.

You Might Also Like

The real mechanism works in the opposite direction. It was the powerful spike in spot market trading activity that drove higher volumes and the accompanying transactions. Nevertheless, the impressive and intimidating figure of 5,223% acted as an extremely powerful psychological factor for holders.

The market's attention is now focused on SHIB's price behavior across spot exchanges and whether the current momentum can be sustained by new buyers or mass profit-taking will push the price back down to the low $0.0000040s.

CoinGecko, a cryptocurrency data and tracking platform, has announced the most searched cryptocurrencies on its platform in the last 3 hours. Shiba Inu (SHIB) topped the list, followed by Pudgy Penguins (PENGU) in second place and Euler (EUL) in third.

According to CoinGecko data, Shiba Inu’s price has risen by 36.5% in the last 24 hours, while Pudgy Penguins gained 7.6% and Euler 66.7%. In terms of weekly performance, Euler’s 163% and Pons’ 193.6% increases were particularly noteworthy.

The most searched cryptocurrencies on the platform and their total market capitalization, according to CoinGecko’s ranking, are as follows:

Shiba Inu (SHIB) — $3.37 billion Pudgy Penguins (PENGU) — $403.68 million Euler (EUL) — $60.87 million The Black Bull (ANSEM) — $83.34 million Pons (PONS) — $38.03 million Hyperliquid (HYPE) — $13.03 billion BitMart (BMX) — $27.55 million Pi Network (PI) — $893.29 million Bitcoin (BTC) — $1.29 trillion DeXe (DEXE) — $151.95 million Kaspa (KAS) — $777.64 million Lorenzo Protocol (BANK) — $147.53 million Ethereum (ETH) — $227.25 billion Uniswap (UNI) — $2.29 billion Pepe (PEPE) — $1.26 billion *This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Futu To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Futu between May 24, 2023 and May 27, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - July 26, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Futu Holdings Limited("Futu" or the "Company") (NASDAQ: FUTU) and reminds investors of the August 25, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Futu was not in compliance with the requirements of the CSRC, including because the Company continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (2) as a result, Futu was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; (3) as a result of the foregoing, Futu's financial results were overstated; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On May 22, 2026, pre-market, Futu issued a press release allegedly disclosing that it had received a notification letter from the CSRC stating that "certain Futu entities in mainland China and Hong Kong . . . without obtaining the requisite licenses or approval, conducted securities business, public fund sales business and futures business in mainland China" and that the CSRC "proposes to order the Related Companies to rectify or cease such activities, confiscate illegal gains, and impose fines, with the total proposed penalty amounting to approximately RMB1.85 billion (approximately USD271 million)." The Futu class action lawsuit further alleges that the regulatory authority "proposes to impose a personal fine of RMB1.25 million (approximately USD 183,575) on Mr. LI Hua, the founder and CEO of the Company." On this news, the price of Futu stock fell more than 27%, according to the complaint.

Then, on May 28, 2026, before the market opened, Futu issued a press release reporting financial results for the first quarter of 2026, allegedly including the proposed penalties comprised of "(i) confiscation of illegal gains of approximately RMB470 million [approximately $69.21 million USD] and (ii) imposition of fines of approximately RMB1.38 billion in an aggregate amount of approximately RMB1.85 billion." On this news, the price of Futu stock declined nearly 5%, according to the complaint.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Futu's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Futu Holdings Limited class action, go to www.faruqilaw.com/FUTU or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Frequently Asked Questions (FAQ) for Investors Regarding the Futu Holdings Limited Securities Class Action Lawsuit:

What is the Futu Holdings Limited securities fraud lawsuit about?

The lawsuit alleges that Futu misled investors by failing to disclose it was conducting certain securities, public fund sales, and futures businesses in mainland China without required CSRC licenses or approvals. According to the complaint, this exposed the Company to significant regulatory penalties, overstated its financial results, and made its public statements about its business and prospects materially misleading.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired Futu Holdings Limited (NASDAQ: FUTU) securities between May 24, 2023 and May 27, 2026, inclusive (the "Class Period"), and suffered losses may be eligible to participate in the securities class action. Eligibility depends on the specific facts of each investor's transactions and losses.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is the investor appointed by the court to represent the interests of all class members during the litigation. Generally, the investor with the largest financial interest who meets the legal requirements may be selected. Investors seeking appointment must file a motion with the court by the August 25, 2026 deadline through counsel of their choice.

What should investors do if they purchased Futu Holdings Limited stock during the Class Period?

Investors who purchased Futu securities during the Class Period should review their investment records, preserve relevant documents, and consider contacting counsel to understand their legal rights. Those interested in serving as lead plaintiff must act before the August 25, 2026 deadline, while investors who do not seek that role may still remain eligible to share in any potential recovery.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Futu Holdings Limited securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306468

Source: Faruqi & Faruqi LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Currently, Alphabet (GOOG +0.24%) (GOOGL +0.58%) is trailing Apple (AAPL +3.52%) in the race to join Nvidia (NVDA -1.01%) in the $5 trillion market-cap club. Apple is just over $200 billion in market cap away from joining, while Alphabet is about $1 trillion away following its sell-off.

However, I think Alphabet can overcome this deficit if the market comes to its senses. Alphabet's business can actually justify a $5 trillion market cap, while Apple's is questionable. It's all because of one factor: valuation.

Image source: Getty Images.

Alphabet's financials are more representative of a $5 trillion company than Apple's When comparing Alphabet and Apple, it's clear that they are two entirely different businesses. Apple stakes its company on the success of its hardware business, although it generates a fair bit of revenue from its services as well. Alphabet is more software focused. Alphabet clearly has some hardware exposure, but it also has a cloud computing business that involves purchasing hardware and renting it back out to clients. Regardless, both companies have proved their merits over the long term.

Today's Change

(

0.58

%) $

1.84

Current Price

$

319.53

However, Alphabet looks to be the stronger company. From a revenue standpoint, Apple is still outperforming Alphabet. But that's not nearly as important for companies this size. What matters is how the company uses that revenue, and investors are more focused on profits. From a net income standpoint, Alphabet is starting to put some distance between itself and Apple.

GOOG Revenue (TTM) data by YCharts.

With Alphabet's $160 billion in net income (as of the first quarter of 2026), it has significantly more net income than Alphabet. All else being equal, that would place Alphabet far ahead of Apple in terms of valuation. But that's not the case at all. Because the market values Apple in a higher regard, Apple's stock is worth far more.

However, I think the relationship is starting to get a bit strained.

Apple's valuation has become stretched There's always a question about what a fair price to pay for a stock is. Some stocks will always trade at a premium, whether that's through visionary leadership, strong long-term execution, or being in a reliable industry. However, there's a limit as to what all of those factors can earn, and Apple is toying with it.

Today's Change

(

3.52

%) $

11.31

Current Price

$

332.97

From a trailing-earnings standpoint, Apple is incredibly expensive and approaching five-year highs. Meanwhile, Alphabet is at the higher end of its range but still fairly close to average.

GOOG PE Ratio data by YCharts.

For reference, the S&P 500 trades for 25.5 times trailing earnings, so Alphabet is nearly in line with the broader market, while Apple commands a massive premium. When forward earnings are utilized, this relationship doesn't improve.

GOOG PE Ratio (Forward) data by YCharts.

Apple's earnings aren't expected to grow that much throughout the year, so the stock will still look expensive at the end of the year even if Apple hits all analyst projections. Meanwhile, Alphabet looks reasonably priced. So, what does this mean for the race to become a $5 trillion company?

If the market comes to its senses and values Apple's stock for what it really is, it could have a tough time reaching the $5 trillion threshold. The company just doesn't have the finances to justify this level. However, Alphabet does, and if it traded at the same valuation as Apple, it would already be a part of the $5 trillion club.

As a result, I think Alphabet will get there first even if it takes some time. Over the long term, I'm far more confident in Alphabet's growth strategy, so even if Apple beats Alphabet to the $5 trillion level, I think Alphabet will easily get to $6 trillion first.

Storj Chapter 11 Raises the Biggest Question for STORJ Token Holders

It’s been a tough year for Microsoft (MSFT +0.02%) shareholders. The stock, typically viewed as one of the safest plays in the entire stock market, has lost nearly a fifth of its value.

Concerns about elevated capital expenditures on artificial intelligence infrastructure and a software armageddon have extracted their pound of flesh.

Microsoft will have the opportunity to prove the naysayers wrong when it reports its 2026 fiscal fourth-quarter earnings after the market closes on Wednesday, July 29.

Following the results, CEO Satya Nadella and the rest of Microsoft’s senior management will host a live conference call with Wall Street analysts to discuss the results.

The earnings report could send the stock soaring. Here’s why.

Image source: Motley Fool.

The chance to prove the company’s AI strategy is workingMicrosoft’s stock has sold off for a few reasons.

The company has guided for $190 billion in capital expenditures in calendar year 2026,  largely for AI infrastructure.

Investors are also concerned that the company’s AI digital assistant Copilot is not gaining traction and that Microsoft 365, its suite of office tools that powers the business world, could eventually be vulnerable to AI-made alternatives.

All the concerns are valid, of course. Copilot had about 20 million paid enterprise seats on Microsoft’s last earnings call, despite the company’s 450 million-plus Microsoft 365 subscribers.

Morgan Stanley analyst Adam Wood thinks Microsoft has a good opportunity on the upcoming earnings release to prove that its AI strategy is making progress.

Wood expects Azure, Microsoft’s cloud business benefitting from AI, to show accelerated growth over the next few quarters and for Copilot adoption to pick up steam as well.

Wood sees tremendous upside for Microsoft, particularly if Azure growth and Copilot adoption drive growth in Microsoft 365. Wood has a $795 price target as his bull case, which would imply more than a double from current levels.

Long-term investors can buy the stockI do think long-term investors can buy the stock. While Microsoft could soar following its upcoming earnings results, investors should still be careful about trading around a near-term earnings event.

Other large AI companies that have reported high capex guidance have experienced significant sell-offs, and this poses a potential risk for Microsoft. The company could guide for higher-than-expected capex next quarter or in the calendar year.

Today's Change

(

0.02

%) $

0.06

Current Price

$

381.64

It’s also possible Microsoft sells off if Azure revenue disappoints, Copilot adoption fails to impress the market, or Microsoft 365 subscriber growth comes in weak.

That said, negative sentiment surrounding the stock could also send it soaring on a strong earnings print. Furthermore, I like the long-term setup for Microsoft, which trades around 23 times trailing earnings, well below its five-year average of roughly 32.5.

Now, it’s true that Copilot may never be the powerhouse that Claude or ChatGPT is in terms of total users. AI will also undoubtedly make software solutions easier to build, eroding the moat of software players that can’t adapt quickly enough.

That said, I do think there is a very good chance that Microsoft can position Copilot to support Microsoft 365 growth and maintain its dominance in the business world with its suite of office tools.

Furthermore, Azure revenue has been growing at an annual rate of around 40% in recent quarters, indicating that high AI investment is paying off on this front.

Microsoft is also very likely to survive any major sell-off or correction in AI. Trading at an undemanding multiple, I do see the stock as a good long-term bet.

By Reuters

July 26, 202611:04 PM UTCUpdated 43 mins ago

Nvidia logo is seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

SEOUL, July 27 (Reuters) - South ​Korea's Naver (035420.KS), opens new tab ‌said in a ​regulatory ​filing on Monday ⁠that ​Nvidia (NVDA.O), opens new tab will ​acquire $1 billion of its ​shares ​to be newly ‌issued ⁠as part of an ​investment ​partnership ⁠to build ​a ​new ⁠data center.

The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.

Reporting ⁠by ​Jack ​Kim; Editing by ​Chris Reese

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

By Reuters

July 26, 202611:39 PM UTCUpdated 12 mins ago

An NVIDIA logo and a computer motherboard appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

CompaniesJuly 26 (Reuters) - Nvidia (NVDA.O), opens new tab is in talks ​to provide a ‌roughly $250 billion backstop for OpenAI as ​part of ​a massive data center ⁠project, The ​Wall Street Journal ​reported on Sunday.

The guarantees from Nvidia would help ​the ChatGPT ​maker lease a 10-gigawatt ‌project ⁠that SoftBank’s (9984.T), opens new tab energy subsidiary is developing in southern ​Ohio, ​the ⁠newspaper said citing people ​familiar with the ​matter.

The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.

Reuters ⁠could not immediately verify the ⁠report.

Reporting ​by ​Abu Sultan in Bengaluru; Editing ​by Christian Schmollinger

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

The market has spent years treating AT&T (T +4.77%) as a bond that happens to trade on an exchange. Slow growth, a big dividend, and not much to think about in between.

The company's second-quarter report, delivered on Wednesday, July 22, mostly confirms that description on the revenue line. Second-quarter revenue rose 2.3% year over year to $31.6 billion. But nobody is buying this stock for the top line anyway.

What the quarter did change is the size of the indirect "payments" shareholders get via share repurchases. Management lifted its 2026 buyback plan to about $10 billion from $8 billion, and the stock closed Friday at $24.13 after a 5.1% gain in the session -- still about 19% below its 52-week high of $29.79, and yielding 4.6%.

So does the cash actually cover everything management has now promised?

Image source: AT&T.

A slow top line and a fast bottom line Notably, underneath that 2.3% revenue figure, the profit lines are moving considerably faster.

Non-GAAP (adjusted) earnings per share came in at $0.65, up from $0.54 a year earlier -- growth of about 20% year over year. Diluted earnings per share from continuing operations rose to $0.66 from $0.62. And adjusted EBITDA margin expanded 110 basis points to 39.1%.

Free cash flow, the figure that actually pays the dividend, was $4.7 billion in the second quarter, up from $4.4 billion in the year-ago period.

And the operating detail behind it is better than the revenue growth rate suggests. AT&T added 432,000 postpaid phone subscribers and 646,000 internet customers, split between 367,000 fiber and 279,000 fixed wireless. Fiber now passes 38.6 million locations, up by a million in three months.

That mix matters. Fiber and postpaid phone customers are the higher-margin, longer-tenured end of this business, and the margin expansion is what a shift toward them looks like in the numbers.

Where the free cash flow goes Here is the arithmetic that decides the investment case.

AT&T pays $1.11 per share annually across about 6.9 billion shares, which comes to about $7.6 billion of dividends. Add the roughly $10 billion of repurchases management now plans, and the company intends to hand shareholders somewhere near $18 billion this year.

Its guidance for 2026 free cash flow is at least $18 billion.

In other words, the dividend and the buyback together consume essentially all of it. That isn't a hidden problem. It's the plan, and management said as much. But it does define what an investor is buying: a payout covered with almost no cushion this year -- unless, of course, you consider the company's capital allocated for repurchases a cushion for the dividend. And this would be a fair way to think about it.

But the company's multi-year outlook suggests there could be greater breathing room for the dividend in the future. Management guided for free cash flow above $19 billion in 2027 and above $21 billion in 2028, against a commitment to return more than $45 billion to shareholders across the three years. Stack those up and the company expects to generate about $58 billion while returning $45 billion, which leaves some runway for paying down debt.

Of course, debt is the part income investors should look at hardest. Net debt stood at $126.4 billion at quarter's end, or 2.68 times adjusted EBITDA. Management expects that ratio to climb to about 3.2 times once its transaction with EchoStar closes, then work back toward 2.5 times over about three years.

So leverage is going up before it comes down, at a company already returning all of its free cash flow.

Today's Change

(

4.77

%) $

1.10

Current Price

$

24.06

That is the trade-off, and I think it's a fair one at this price. The stock trades at about eight times earnings, though the sharper comparison uses the $2.25 to $2.35 in adjusted earnings per share management guided to for 2026, which puts shares closer to 10 times. Even at the 52-week high of $29.79, that guidance would imply under 13 times.

A 4.6% yield covered by contracted, recurring revenue, from a company that grew adjusted earnings about 20% year over year last quarter while buying back its own stock, is a reasonable thing to own. CEO John Stankey said the accelerated repurchase reflects a gap between the company's operating fundamentals and how the market values the shares, and the numbers back that up more than they don't.

I wouldn't call it a bargain, though. AT&T grows revenue 2% a year -- a concerning rate, and one that is just a few percentage points from flipping to a decline.

Still, for income investors, this quarter made the case stronger. The dividend is covered, the fiber business is finally producing the margin expansion it promised, and the stock sits nearly a fifth below its 52-week high. I'd own it for the yield, keep the position modest, and treat the buyback as a bonus rather than the reason.

Ford Motor: Steady Revenue Amid Operational ShiftsFord Motor (F +1.55%) primarily generates its revenue by designing, manufacturing, and selling a broad spectrum of vehicles to individual consumers and commercial fleets.

While announcing plans to form a manufacturing joint venture with Geely Auto in Spain, it reported a 6% net income margin for the quarter ended March 31, 2026.

Tesla: Revenue Fluctuations and New ProductionTesla (TSLA -2.14%) primarily earns its revenue by producing and selling electric vehicles (EVs), alongside offering energy generation and storage solutions.

It commenced Cybercab production at Gigafactory Texas and reported a 4% net income margin for the quarter ended June 30, 2026.

Why Revenue Matters for InvestorsRevenue represents the total money brought in by sales before any expenses are deducted. Tracking this figure helps investors understand the total scale and top-line growth trajectory of a business.

Quarterly Revenue for Ford Motor and TeslaQuarter (Period End)Ford Motor RevenueTesla RevenueQ3 2024 (Sept. 2024)$46.2 billion$25.2 billionQ4 2024 (Dec. 2024)$48.2 billion$25.7 billionQ1 2025 (March 2025)$40.7 billion$19.3 billionQ2 2025 (June 2025)$50.2 billion$22.5 billionQ3 2025 (Sept. 2025)$50.5 billion$28.1 billionQ4 2025 (Dec. 2025)$45.9 billion$24.9 billionQ1 2026 (March 2026)$43.3 billion$22.4 billionQ2 2026Not yet reported$28.2 billion (period ended June 2026)Data source: Company filings. Data as of July 24, 2026.

Foolish TakeWith more than a century under its belt, Ford’s sales naturally tower over Tesla’s. This difference also speaks to the broader market Ford addresses with gas-powered automobiles compared to Tesla’s more narrow focus on electric vehicles.

However, Tesla is growing at a far faster rate. Its first-quarter sales of $22.4 billion represented a 16% year-over-year increase compared to Ford’s 6%, and that rate accelerated to an impressive 26% in Q2. If this trend continues, Tesla’s revenue will eventually catch up to Ford.

The veteran automaker has attempted to capitalize on the rise of EVs, but this part of Ford’s operations remains deeply unprofitable, and only produced $1.2 billion in Q1 sales. This suggests the company’s EV efforts are not resonating with customers to the level that Tesla has managed to achieve.

The introduction of its Ford Energy division in May points to the company’s effort to capitalize on its EV investments by providing battery storage solutions to organizations. The new division also provides an additional income stream.

Tesla is evolving its lead in EVs into a self-driving vehicle business. Its Cybercab will be dedicated to this. The challenge is that developing the artificial intelligence required to perform the driving has eaten into the company’s free cash flow, which fell nearly 850% year over year. Still, this could be a far more lucrative new business in the years ahead compared to Ford Energy.

Ceasefire headlines trigger familiar Monday playbook Brent may now influence escalation risks Light calendar on Monday leaves geopolitics in control Charts suggest rallies remain opportunities to sell Donald Trump has delivered another Sunday TACO, triggering a familiar market reaction as Globex reopened for the week. Energy futures that spiked last week tumbled in early Asian trade, while equity futures jumped and the euro and British pound strengthened against the US dollar. Whether those moves extend into the European session will largely depend on the news flow from the Middle East. As this conflict has repeatedly shown, sentiment can turn very quickly.

Another Sunday TACO Almost inevitably, we're back here again early on Monday morning in Asia with a risk-on tone, sparked by another barrage of positive headlines out of the Middle East. After spending the weekend worrying about a major escalation, traders have once again been handed a de-escalation headline just before Globex reopened, amplifying the initial reaction in extremely illiquid conditions.

Zooming out to 40,000 feet, it seems Brent crude may no longer be just a barometer of geopolitical risk. Repeated moves below $70 a barrel during the conflict have been followed by renewed escalation. Conversely, the latest de-escalation arrived with Brent trading above $100 a barrel, a level that risks fuelling inflation and lifting gasoline prices at a politically awkward time for Trump ahead of November's midterm elections.

It's entirely speculative on my behalf, but both sides appear to have developed an implicit reaction function around Brent since the conflict began. Prices below $70 a barrel seem to invite renewed escalation, while moves above $100 have so far been met with efforts to de-escalate.

Europe Wins, For Now

Source: TradingView

The latest headlines have provided Europe an immediate release valve. Natural gas and Brent crude, shown on the left and right respectively above, have fallen sharply, drowning out renewed trade concerns after Trump threatened additional tariffs on Europe in response to the EU's antitrust fine against Alphabet. Whether those moves last will depend almost entirely on where the news flow heads next. 

EUR/USD: Downtrend Still Intact

Source: TradingView

Despite the pop higher on the ceasefire headlines, the EUR/USD H4 chart suggests this remains a sell-on-rallies play for now, with the string of lower highs and lower lows in place since the middle of July still intact.

The price remains trapped within a well-defined range between 1.1364 and 1.1397. Bulls have already failed twice to break above the upper end of that structure, including earlier today when EUR/USD briefly pushed through 1.1400 before retreating. That leaves a clear range to work with.

The oscillators suggest downside momentum is ebbing but has yet to trigger an outright bullish signal. RSI (14) has lifted but remains below the neutral 50 level, while MACD is on the cusp of a bullish crossover despite remaining in negative territory, placing greater emphasis on price action around the range extremes.

Should buyers finally break above 1.1397 and hold there, attention shifts to the former uptrend from the June 24 low, which comes in around 1.1415 today, followed by the July 7 swing high at 1.1436. On the downside, a break beneath 1.1364 would expose the June 24 swing low at 1.1325, with little meaningful technical support in between.

As long as the positive news flow from the Middle East continues, there may be scope for further upside. But the broader technical picture still favours selling rallies. The daily chart shows EUR/USD remains below its 50, 100 and 200-day moving averages, all of which continue to slope lower, suggesting the medium-term downtrend remains intact.

GBP/USD: Breakout Fading

Source: TradingView

GBP/USD looks much the same as EUR/USD on the H4 timeframe. The pair is attempting to break the downtrend that's been in place since the middle of July, although it's already given back a sizeable chunk of the gains seen earlier in the session.

The daily chart, shown in the right-hand pane, suggests rallies should still be treated with caution. The 50-day moving average is found at 1.3368, but it's the 100 and 200-day moving averages around 1.3400 that are of greater interest. The pair stalled beneath those levels last week, making them an important resistance zone should the current bounce extend.

On the H4 chart, support emerged around 1.3300 late last week, while 1.3360 is the first level overhead to watch, having acted as support earlier in the month. Outside of that range, 1.3263 is the next level of note on the downside, while 1.3400 and 1.3413 provide additional resistance above.

The oscillators suggest downside momentum is ebbing but has yet to trigger an outright bullish signal. RSI (14) continues to climb towards the neutral 50 level, while MACD has crossed above its signal line but remains below zero, placing greater emphasis on price action around these key technical levels.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Regeneron To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Regeneron between August 1, 2025 and May 15, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - July 26, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Regeneron Pharmaceuticals, Inc. (""Regeneron" or the "Company") (NASDAQ: REGN) and reminds investors of the September 14, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose the true state of Regeneron's Phase III Fianlimab-Libtayo Study; notably, that its preliminary statistical assumptions were fundamentally flawed, that the active treatment arm was failing to achieve meaningful clinical differentiation over standard therapies, and that the trial would ultimately fail to reach statistical significance on its primary endpoint even without overperformance of the control arm.

On April 29, 2026, Defendants disclosed that the Phase III Fianlimab-Libtayo Study had been altered, expanding the number of patients in the study eligible for "analysis of progression-free survival." On this news, Regeneron's stock price fell $45.41, or approximately 6.2%, to close at $686.36 per share on April 29, 2026.

On May 15, 2026, Regeneron issued a press release announcing that the "Phase 3 Trial of Fianlimab . . . did not reach statistical significance for the primary endpoint of improvement in progression-free survival (PFS)." On this news, Regeneron's stock price fell $68.57, or approximately 9.8%, to close at $629.68 per share on May 18, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Regeneron's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Regeneron class action, go to www.faruqilaw.com/REGN or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Frequently Asked Questions (FAQ) for Investors Regarding the Regeneron Securities Class Action Lawsuit:

What is the Regeneron securities fraud lawsuit about?

Faruqi & Faruqi, LLP has filed a securities class action lawsuit against Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) on behalf of investors who purchased Regeneron securities during the Class Period. The lawsuit alleges that Regeneron and certain of its officers made materially false and misleading statements regarding the Phase III Fianlimab-Libtayo clinical study. Specifically, the complaint alleges that defendants concealed that the study's preliminary statistical assumptions were fundamentally flawed, that the active treatment arm was allegedly failing to achieve meaningful clinical differentiation over standard therapies, and that the trial would ultimately fail to reach statistical significance on its primary endpoint. The alleged fraud is said to have come to light through two disclosures: first, on April 29, 2026, when defendants announced an expansion of patients eligible for analysis of progression-free survival — causing Regeneron's stock to fall approximately 6.2% — and then on May 15, 2026, when Regeneron announced that the Phase III trial did not reach statistical significance for its primary endpoint, causing the stock to fall an additional approximately 9.8%.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) securities on the NASDAQ between August 1, 2025 and May 15, 2026, inclusive (the "Class Period"), may be eligible to participate in this lawsuit. Eligibility to participate is not limited to those who seek appointment as lead plaintiff; any investor who purchased Regeneron securities during the Class Period and suffered a loss may potentially share in any recovery obtained on behalf of the class. Investors are encouraged to review their trading records to determine whether their purchases fall within the Class Period. Participation in the litigation does not require investors to take any active litigation role beyond filing a timely claim if a recovery is ultimately achieved.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a court-appointed representative who acts on behalf of all class members in directing the litigation, including working with counsel to make key strategic decisions regarding the case. Any investor who purchased Regeneron securities during the Class Period and suffered losses may move the court for appointment as lead plaintiff, but must do so no later than September 14, 2026, which is the court-established deadline for such motions. Courts generally appoint the movant with the largest financial interest in the relief sought who also satisfies the adequacy requirements of the applicable securities laws. Importantly, investors are not required to seek appointment as lead plaintiff in order to participate in or potentially share in any recovery that may result from this litigation. Those who do not seek lead plaintiff status may still submit a claim and may be eligible to receive a portion of any settlement or judgment obtained on behalf of the class.

What should investors do if they purchased Regeneron stock during the Class Period?

Investors who purchased Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) securities between August 1, 2025 and May 15, 2026 are encouraged to promptly review their brokerage and trading records to confirm the timing and size of their purchases and any resulting losses. Investors should take steps to preserve all relevant documentation, including trade confirmations, account statements, and any communications relating to their Regeneron holdings, as such records may be material to any future claim. Given that the lead plaintiff motion deadline is September 14, 2026, investors who wish to be considered for that role should act in advance of that date. Investors may wish to consult with Faruqi & Faruqi, LLP to better understand their legal rights and options before the deadline passes. Retaining counsel or seeking lead plaintiff status is not required to participate in any potential class recovery, but timely action is advisable to preserve all available options.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Regeneron securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306476

Source: Faruqi & Faruqi LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

HomeDividends AnalysisDividend Quick Picks

SummaryThe Dividend Kings outperformed SPY in June and July, regaining a 4.83% lead YTD with 39 of 58 Kings beating SPY.37 Dividend Kings have double-digit gains in 2026, with Gorman-Rupp (GRC), Nucor (NUE), and Archer-Daniels-Midland (ADM) leading.21 Dividend Kings are both potentially undervalued and offer expected long-term annualized returns of at least 10%.Dividend Yield Theory and analyst growth projections underpin the selection of promising Kings, with average dividend growth at 3.90% and robust double-digit earnings forecasts for select names. Thapana Onphalai/iStock via Getty Images

2026 Review The S&P 500's strong run through April and May faded in June, the State Street SPDR® S&P 500® ETF (SPY) finished the prior month with a 1.03% loss. Meanwhile the Dividend Kings, on average, posted

10.47K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ABBV, ADP, HRL, JNJ, LOW, PEP, SPGI 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.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In ZoomInfo To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in ZoomInfo between November 3, 2025 and May 11, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - July 26, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against ZoomInfo Technologies, Inc. ("ZoomInfo" or the "Company") (NASDAQ: GTM) and reminds investors of the August 24, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that the true state of ZoomInfo's slowing growth its legacy seat-based subscription platforms and weakening customer retention in its downmarket segment. Further, the Company minimized concerns that customers were moving towards consumption-based usage models and developing internal AI-driven go-to-market solutions.

On May 11, 2026, after the market closed, ZoomInfo announced its first quarter 2026 financial results, unveiling a sharp decline in growth outlook and accordingly lowered its 2026 full year financial guidance, and announced it was realigning its downmarket business, laying off 20% of its workforce, and expecting to incur approximately $45-60 million in restructuring costs. On this news, ZoomInfo's stock price fell $1.98, or approximately 33%, to close at $4.06 per share on May 12, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding ZoomInfo's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the ZoomInfo class action, go to www.faruqilaw.com/GTM or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Frequently Asked Questions (FAQ) for Investors Regarding the ZoomInfo Securities Class Action Lawsuit:

What is the ZoomInfo securities fraud lawsuit about?

The lawsuit alleges that ZoomInfo Technologies, Inc. (NASDAQ: GTM) and certain of its officers and directors violated federal securities laws by making materially false and misleading statements to investors during the class period. Specifically, the complaint alleges that defendants issued overwhelmingly positive statements while allegedly concealing the true extent of slowing growth in ZoomInfo's legacy seat-based subscription platforms and weakening customer retention in its downmarket segment. The complaint further alleges that defendants minimized concerns that customers were shifting toward consumption-based usage models and developing internal AI-driven go-to-market solutions, which allegedly masked material adverse trends affecting the Company's business. On May 11, 2026, after markets closed, ZoomInfo allegedly disclosed the severity of these conditions when it announced sharply lowered full-year 2026 guidance, a realignment of its downmarket business, a workforce reduction of approximately 20%, and anticipated restructuring costs of approximately $45-60 million — news that allegedly caused the Company's stock to decline approximately 33% the following trading day.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired ZoomInfo Technologies, Inc. (NASDAQ: GTM) securities during the class period — between November 3, 2025 and May 11, 2026, inclusive — may be eligible to participate in this lawsuit. Eligible investors are not limited to those who seek appointment as lead plaintiff; any class member who suffered losses during the class period may potentially share in any recovery obtained on behalf of the class. Investors are encouraged to review their trading records to determine whether their purchases fall within the applicable class period dates. Participation in the litigation does not require that an investor take an active role in the case or incur out-of-pocket legal expenses to be considered a potential class member.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a court-appointed representative who acts on behalf of all class members in directing the litigation, including selecting and overseeing class counsel and making key strategic decisions in the case. Under the Private Securities Litigation Reform Act, any investor who purchased ZoomInfo Technologies securities during the class period and suffered a loss may move the court for appointment as lead plaintiff. The deadline to file a motion seeking lead plaintiff appointment is August 24, 2026. Importantly, investors are not required to serve as lead plaintiff in order to be eligible to share in any recovery that may result from the litigation; the vast majority of class members participate without taking on that representative role.

What should investors do if they purchased ZoomInfo stock during the Class Period?

Investors who purchased ZoomInfo Technologies, Inc. (NASDAQ: GTM) securities between November 3, 2025 and May 11, 2026 should promptly review their brokerage and account records to confirm the dates and prices of any relevant transactions. Investors are strongly encouraged to preserve all documentation related to their ZoomInfo securities purchases, including trade confirmations, account statements, and any communications concerning those investments. Given that the lead plaintiff motion deadline is August 24, 2026, investors who wish to explore their legal options — including the possibility of seeking appointment as lead plaintiff — should act in a timely manner. Investors may wish to consult with Faruqi & Faruqi, LLP or other qualified securities counsel to evaluate their rights and potential claims prior to that deadline.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased ZoomInfo securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306479

Source: Faruqi & Faruqi LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

A weekly gain after the kind of selling silver took this month looks like real buying. It also arrived while the bond market was pricing tighter policy, the dollar was holding firm and crude was running near levels that keep the inflation story alive. That is not the backdrop where silver rallies tend to last. Silver also carries the industrial demand weight that gold does not, which makes a tighter Fed a problem from both sides of the trade.

Warsh Wants Price Stability and He Is Not Hiding It Warsh dropped easing language from the June statement, skipped the dot plot and told the ECB Forum that prices are too high. He has not said a single thing since taking the chair that suggests he is in a hurry to make life easier for silver bulls. Fed funds futures already reflect that with a 35.8% chance of a July hike and 79% cumulative odds of tightening by September. Those numbers were near zero two weeks ago.

Wednesday afternoon is where silver’s rally either survives or gets taken apart. If Warsh leans into the oil-driven inflation story, yields and the dollar respond and the sellers who stepped back last week come right back. If he holds without adding pressure, the buyers defending the recent lows keep their trade. The range breaks Wednesday one way or the other.

PCE and Wages Round Out the Week Thursday’s GDP and personal income data at 12:30 GMT land the morning after Warsh speaks and the PCE number inside that release either confirms or undercuts whatever the market takes from the press conference. A hot print after a hawkish Wednesday locks in the selling. A soft number pulls the rate conversation back and gives last week’s buyers room to stay.

Friday’s Employment Cost Index at 12:30 GMT closes the week. Wages running hot after a hawkish Fed and firm PCE keep the dollar bid through the weekend. Wages coming in soft give the bond market a late reason to ease up and help silver hold into the close.

Silver’s Industrial Side Makes the Rate Risk Worse Gold gets some cover from the geopolitical bid when the war heats up. Silver has that element but it also carries the industrial weight that gold does not. Higher borrowing costs slow manufacturing activity and weigh on the fabrication demand that accounts for a large share of physical silver consumption. A Fed that is tightening or signaling it will tighten hits silver from the investment side and the industrial side at the same time.

Marvell Technology: Steady Revenue ClimbingMarvell Technology (MRVL -7.25%) primarily earns revenue by developing data infrastructure semiconductor solutions and system-on-a-chip architectures for enterprise clients across the globe.

It was officially added to the S&P 500 index on June 22, 2026, and it reported a 52% gross margin for the quarter ended May 2, 2026.

UiPath: Examining Quarterly Revenue FluctuationsUiPath (PATH +6.37%) primarily earns revenue by delivering a software ecosystem focused on robotic process automation to organizations in various commercial and government settings.

While launching new artificial intelligence features for its Automation Suite on May 5, it recorded an 81% gross margin for the quarter ended April 30, 2026.

Why Revenue Matters for Retail InvestorsTracking revenue helps investors understand the total volume of money a business brings in before operating expenses or taxes are deducted. This metric reveals whether an organization is successfully attracting customers and growing its overall business volume over time.

A Closer Look at Quarterly Revenue for Marvell Technology and UiPathQuarter (Period End)Marvell Technology RevenueUiPath RevenueQ3 2024$1.3 billion (period ended Aug. 2024)$316.3 million (period ended July 2024)Q4 2024$1.5 billion (period ended Nov. 2024)$354.7 million (period ended Oct. 2024)Q1 2025 (Jan. 2025)$1.8 billion$423.6 millionQ2 2025$1.9 billion (period ended May 2025)$356.6 million (period ended April 2025)Q3 2025$2.0 billion (period ended Aug. 2025)$361.7 million (period ended July 2025)Q4 2025$2.1 billion (period ended Nov. 2025)$411.1 million (period ended Oct. 2025)Q1 2026 (Jan. 2026)$2.2 billion$481.1 millionQ2 2026$2.4 billion (period ended May 2026)$418.4 million (period ended April 2026)Data source: Company filings. Data as of July 24, 2026.

Foolish TakeBoth Marvell Technology and UiPath are seeing sales growth from the rapid expansion of the artificial intelligence sector. Looking at these two is a comparison between the former’s involvement in the high-growth semiconductor industry against the latter’s enterprise AI automation software.

While both are enjoying an increase in revenue year over year, Marvell is experiencing a more impressive accomplishment by delivering quarterly sales growth. The company expects this trend to continue in the next quarter with forecasted revenue of about $2.7 billion. This illustrates the unprecedented customer demand for Marvell’s products.

UiPath’s software solutions are capturing customers, as demonstrated by its 17% year-over-year increase to $418.4 million in its latest quarter. The company is also anticipating this revenue trend to extend into next quarter with sales in the range of $395 million to $400 million compared to $361.7 million in the previous year.

However, Marvell’s quarterly sales acceleration helped its stock price soar over 150% in the past 12 months through July 24. Meanwhile, Wall Street has not been impressed with UiPath’s progress as its share price fell more than 10% in that time.

Robert Izquierdo has positions in Marvell Technology and UiPath. The Motley Fool has positions in and recommends Marvell Technology and UiPath. The Motley Fool has a disclosure policy.

Second-quarter highlights

Orders of $10.5 billion, including $7.1 billion of IET orders. RPO of $40.1 billion, including record IET RPO of $37.1 billion.Revenue of $6.7 billion.Attributable net income of $681 million.GAAP diluted EPS of $0.68 and adjusted diluted EPS* of $0.64.Adjusted EBITDA* of $1,231 million.Cash flows from operating activities of $1,345 million and free cash flow* of $1,109 million. HOUSTON and LONDON, July 26, 2026 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) ("Baker Hughes" or the "Company") announced results today for the second quarter of 2026.

"Baker Hughes delivered another strong quarter, reflecting the breadth of our portfolio and continued momentum across data center, gas infrastructure, and upstream markets. Disciplined execution and our ability to effectively navigate ongoing Middle East challenges contributed to Adjusted EBITDA exceeding the high end of our guidance range. Looking ahead, favorable underlying fundamentals support our confidence in achieving the midpoint of our full-year guidance as we continue to manage through the Middle East uncertainty."

"IET delivered another exceptional quarter of orders, with record bookings doubling year-over-year to $7.1 billion and backlog increasing 19% to a new all-time high. The strength was driven by robust demand across Power Systems and LNG, with particularly strong momentum in power generation. Given broadening customer demand, a growing pipeline across industrial and energy infrastructure markets, and our decision to further expand capacity, we are raising our full-year IET order guidance and increasing our Horizon 2(1) IET orders outlook to more than $45 billion."

"OFSE delivered an impressive quarter, with EBITDA exceeding the high end of our guidance range despite a complex operating environment. Increased activity and higher product shipments late in the quarter in the Middle East, along with solid performance in North America land and Latin America, drove the upside and demonstrated the resilience and durability of our portfolio despite higher inflationary costs."

"Our second-quarter performance further reinforces confidence in Baker Hughes’ strategic direction. Energy security and rising power demand are driving investment across both energy and industrial value chains, and our expanding portfolio is increasingly aligned with the most attractive growth opportunities across our core end markets."

"The successful closing of the Chart acquisition marks a major milestone in our evolution as a leading industrialized energy solutions company. Chart enhances our capabilities in thermal management, air and gas handling, compression and lifecycle services, while expanding our reach across attractive core and adjacent markets. The addition of Chart further advances our portfolio, broadens our growth opportunities, and enhances our ability to create long-term value for customers and shareholders. We are pleased to welcome Chart’s employees to Baker Hughes and look forward to their contributions as part of our team," concluded Simonelli.

(1) Horizon 2 represents 2026-2028.
* Non-GAAP measure. See reconciliations in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures."

 Three Months Ended Variance(in millions except per share amounts)June 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearOrders$10,501$8,159$7,032 29%49%Revenue 6,742 6,587 6,910 2%(2%)Net income attributable to Baker Hughes 681 930 701 (27%)(3%)Adjusted net income attributable to Baker Hughes* 640 573 623 12%3%Adjusted EBITDA* 1,231 1,158 1,212 6%2%Diluted earnings per share (EPS) 0.68 0.93 0.71 (27%)(3%)Adjusted diluted EPS* 0.64 0.58 0.63 12%2%Cash flow from operating activities 1,345 500 510 FFFree cash flow* 1,109 210 239 FF * Non-GAAP measure. See reconciliations in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures."
Certain columns and rows in our tables and financial statements may not sum up due to the use of rounded numbers.
"F" is used in the above table when variance is above 100%. Additionally, "U" is used when variance is below (100)%.

Quarter Highlights

Executing our portfolio management strategy

Announced the sale of Waygate Technologies to Hexagon, in an all-cash transaction for approximately $1.45 billion, before customary closing adjustments.In July, completed the previously announced purchase of Chart Industries, Inc. (NYSE: GTLS) in an all-cash transaction. The acquisition enhances Baker Hughes' portfolio with highly complementary technologies and expands exposure to attractive industrial and energy markets, while increasing the Company's installed base and recurring aftermarket opportunities.
Key awards and technology achievements

Leveraging enterprise-wide capabilities

Advanced large-scale geothermal development in North America through a commercial agreement with Mantle Reach Power, a dedicated geothermal development company backed by EnCap Energy Transition Fund III. With the goal to install up to 500 megawatts of power in the next five years, the Company will act as an integrated subsurface solution provider, and Mantle Reach Power will lead project development, ownership and financing. Industrial & Energy Technology

Industrial & Energy Technology (“IET”) secured important awards and agreements across diverse end markets and capabilities.

Received a major Venture Global award to provide six liquefied natural gas (LNG) blocks, for a total of 12 liquefaction modules. Each block is based on two single mixed-refrigerant (SMR) liquefaction modules and related compression trains featuring Baker Hughes' advanced centrifugal compressor technology, as well as cold boxes, air coolers and integrated control systems, building on the successful track record of delivering critical energy infrastructure in Louisiana.Secured substantial awards from Cheniere and Bechtel that highlight Baker Hughes’ full-lifecycle LNG capabilities, including liquefaction equipment for Sabine Pass Train 7, as well as a boil-off gas re-liquefaction unit and fleet-wide gas turbine upgrades across the facility. The awards are expected to support approximately 6 MTPA of additional LNG production capacity.Strengthened its position in floating LNG through a significant award from Golar to supply four PGT25 gas turbine-driven refrigerant compressor trains for a 3.5 MTPA floating LNG facility, marking the fourth Golar vessel to utilize Baker Hughes' liquefaction solutions.Extended a significant, multi-year services agreement with Nigeria LNG to enhance the reliability and efficiency of the project's critical Train 7 turbomachinery equipment.Received a major award from Dynamis Power Solutions, including 76 NovaLT™16 gas turbines, for approximately 1.3 GW of capacity for its hypermobile power solutions for a wide range of data center and oil & gas applications in North America.Signed a multi-year strategic agreement with Kodiak Gas Services, including an initial major award supporting 1 GW of power generation capacity and a broader framework providing a pathway for up to 1.8 GW over time. The initial order leverages Baker Hughes' NovaLT™16, Frame 5 and BRUSH™ Power Generation generator technologies to meet accelerating power demand from data centers and energy infrastructure projects across North America.Awarded significant order to enable improved recovery, sustained production levels, and extension of field life in a mature offshore field in the Middle East. The scope includes nine electric motor-driven compressor trains for gas injection, gas lift, and boosting applications.Received a significant award from Saipem Nasser Saeed Al-Hajri Contracting Company (SNSH), a JV between Saipem and NSH in KSA, following a Novation Agreement with Aramco. The contract covers the supply of compression solutions for Aramco's Uthmaniyah conventional gas wells, supporting production optimization and enhanced recovery to extend the life of the field. The scope includes five electric motor-driven centrifugal compressor trains, together with associated balance-of-plant and auxiliary systems.Continued expanding IET’s presence into new markets, securing RINA certification for its fuel-flexible NovaLT™16 for maritime propulsion applications, specifically to operate on natural gas and up to 100% hydrogen to support maritime decarbonization.Grew digital solutions globally across a mix of software, hardware and services awards, leveraging the Company's Cordant™ Solutions portfolio to deploy asset performance software, analytics, and monitoring technologies through agreements with SINOPEC, Petrobras, and KNPC (formerly KIPIC) to enhance asset visibility and optimize operational performance. In addition, the Company secured a multi-year preferred supplier agreement with a global OEM to include vibration, sensing, condition monitoring, asset health software and services ─ supporting broader deployment across both new build and retrofit projects while driving greater standardization of asset protection and monitoring technologies.
Oilfield Services & Equipment

Oilfield Services & Equipment (“OFSE”) secured strategic orders and agreements across key product lines and geographies.

Expanded the Company’s Norwegian presence and relationship with Equinor, strengthening North Sea capabilities. The Company inaugurated a new subsea manufacturing facility in Dusavik and announced two significant contract extensions for integrated drilling and well services solutions, as well as wireline intervention services.Secured a major contract extension and expansion with Petrobras for integrated well construction solutions across Brazil’s Santos Basin. The agreement builds on a 2024 well construction services award, further expanding the scope and impact of Baker Hughes’ integrated drilling solutions in the region.Signed significant contracts for wireline services with Oil and Natural Gas Corporation of India, to provide up to 46 advanced wireline units and integrated drill stem testing kits that will help improve reservoir insight, optimize production and support more efficient field development in offshore and onshore oil & gas fields.Secured a key milestone award for Leucipa™, marking its first deployment outside of the oil & gas sector. By integrating Baker Hughes’ ESP technology with the Leucipa™ digital optimization platform, the solution will support a geothermal and lithium extraction development in Europe through real-time monitoring, operational insights and performance optimization.Signed a strategic collaboration agreement with Helmerich & Payne, Inc. to support geothermal exploration and development in the United States. The companies will provide customers earlier access to dedicated rig capacity, reducing execution risk and allowing greater efficiency to move from project evaluation to development.Received a substantial subsea production systems contract from Azule Energy to support ultra-deepwater, greenfield development offshore Angola. Baker Hughes will manufacture and supply horizontal tree systems to enable safe, reliable and efficient production.Won a significant contract from McDermott to deliver integrated subsea systems for a natural gas development project offshore Brunei Darussalam. The scope includes six trees, controls, services, and subsea wellheads.
Consolidated Financial Results

Revenue for the quarter was $6,742 million, an increase of $155 million, or 2% sequentially, and down $168 million, or 2% year-over-year. The decrease in revenue year-over-year was mainly driven by the impact of the Precision Sensors & Instrumentation (“PSI”) and Surface Pressure Control (“SPC”) dispositions.

The Company's total book-to-bill ratio in the second quarter of 2026 was 1.6; the IET book-to-bill ratio was 2.2.

Net income, as determined in accordance with generally accepted accounting principles in the United States ("GAAP") for the second quarter of 2026, was $681 million. Net income decreased $249 million, or 27% sequentially, and decreased $20 million, or 3% year-over-year.

Adjusted net income (a non-GAAP financial measure) for the second quarter of 2026 was $640 million, which excludes adjustments totaling $41 million. A list of the adjusting items and associated reconciliation from GAAP has been provided in Table 1b in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures." Adjusted net income for the second quarter of 2026 was up $67 million, or 12% sequentially, and up $17 million, or 3% year-over-year.

Depreciation and amortization for the second quarter of 2026 was $333 million.

Adjusted EBITDA (a non-GAAP financial measure) for the second quarter of 2026 was $1,231 million, which excludes adjustments totaling $60 million. See Table 1a in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures." Adjusted EBITDA for the second quarter was up $73 million, or 6% sequentially, and up $19 million, or 2% year-over-year.

The sequential increase in adjusted net income and Adjusted EBITDA was primarily driven by higher volume, price, productivity, FX, and cost-out initiatives, partially offset by inflation.

The year-over-year increase in adjusted net income and Adjusted EBITDA was primarily driven by productivity, price, cost-out initiatives, and FX, partially offset by inflation, lower volume, change in business mix, and the PSI and SPC dispositions.

Other Financial Items

Remaining Performance Obligations ("RPO") in the second quarter of 2026 ended at $40.1 billion, an increase of $4.0 billion from the first quarter of 2026. OFSE RPO was $3.0 billion, remained flat sequentially, while IET RPO was $37.1 billion, up $4.0 billion sequentially. Within IET RPO, Gas Technology Equipment and Gas Technology Services were $15.0 billion and $16.7 billion, respectively.

Income tax expense in the second quarter of 2026 was $210 million.

Other (income) expense, net in the second quarter of 2026 was $(104) million, primarily related to a net gain of $125 million from the change in fair value of equity securities, partially offset by transaction related costs of $30 million incurred in connection with business disposals and acquisitions, and $24 million working capital adjustments related to business dispositions.

GAAP diluted earnings per share was $0.68 for the second quarter of 2026. Adjusted diluted earnings per share (a non-GAAP financial measure) was $0.64. Excluded from adjusted diluted earnings per share were all items listed in Table 1b in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures."

Cash flow from operating activities was $1,345 million for the second quarter of 2026. Free cash flow (a non-GAAP financial measure) for the quarter was $1,109 million. A reconciliation from GAAP has been provided in Table 1c in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures."

Capital expenditures, net of proceeds from disposal of assets, were $236 million for the second quarter of 2026, of which $135 million was for OFSE and $85 million was for IET.

Results by Reporting Segment

The following segment discussions and variance explanations are intended to reflect management's view of the relevant comparisons of financial results on a sequential or year-over-year basis, depending on the business dynamics of the reporting segments.

Oilfield Services & Equipment

(in millions)Three Months Ended VarianceSegment resultsJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearOrders$3,413 $3,272 $3,503  4%(3%)Revenue$3,451 $3,237 $3,617  7%(5%)EBITDA$605 $565 $677  7%(11%)EBITDA margin 17.5% 17.4% 18.7% 0.1pts-1.2pts (in millions)Three Months Ended VarianceRevenue by Product LineJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearWell Construction$899$843$921 7%(2%)Completions, Intervention, and Measurements 944 883 935 7%1%Production Solutions 930 898 968 4%(4%)Subsea & Surface Pressure Systems 678 613 793 11%(14%)Total Revenue$3,451$3,237$3,617 7%(5%) (in millions)Three Months Ended VarianceRevenue by Geographic RegionJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearNorth America$933$927$928 1%1%Latin America 732 600 639 22%15%Europe/CIS/Sub-Saharan Africa 568 558 653 2%(13%)Middle East/Asia 1,218 1,152 1,398 6%(13%)Total Revenue$3,451$3,237$3,617 7%(5%)       North America$933$927$928 1%1%International$2,518$2,310$2,689 9%(6%) EBITDA excludes depreciation and amortization of $266 million, $278 million, and $233 million for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively. EBITDA margin is defined as EBITDA divided by revenue.
"F" is used in the above table when variance is above 100%. Additionally, "U" is used when variance is below (100)%.

OFSE orders of $3,413 million for the second quarter of 2026 increased by $141 million, or 4% sequentially. Subsea and Surface Pressure Systems orders were $667 million, up $17 million, or 3% sequentially, and down $31 million, or 4% year-over-year.

OFSE revenue of $3,451 million for the second quarter of 2026 was up $214 million, or 7% sequentially, and down $166 million, or 5% year-over-year. The year-over-year decrease was driven mainly by the impact of the SPC disposition and disruptions in the Middle East, offset by the benefit of FX in Latin America.

North America revenue was $933 million, up $5 million, or 1% sequentially. International revenue was $2,518 million, up $208 million, or 9% sequentially, with an increase in Latin America, Middle East/Asia, and Europe/CIS/Sub-Saharan Africa.

Segment EBITDA for the second quarter of 2026 was $605 million, an increase of $40 million, or 7% sequentially. The sequential increase in EBITDA was a result of higher volume, price, cost-out initiatives, and FX, partially offset by inflation, productivity, and a change in business mix.

Industrial & Energy Technology

(in millions)Three Months Ended VarianceSegment resultsJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearOrders$7,088 $4,887 $3,530  45%FRevenue$3,291 $3,350 $3,293  (2%)—%EBITDA$678 $678 $585  —%16%EBITDA margin 20.6% 20.2% 17.8% 0.3pts2.8pts (in millions)Three Months Ended VarianceOrders by Product LineJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearGas Technology Equipment$4,913$1,824$781 FFGas Technology Services 1,314 973 986 35%33%Total Gas Technology 6,227 2,797 1,767 FFIndustrial Products 533 604 513 (12%)4%Industrial Solutions 274 229 327 20%(16%)Total Industrial Technology 807 833 839 (3%)(4%)Climate Technology Solutions 54 1,257 923 (96%)(94%)Total Orders$7,088$4,887$3,530 45%F (in millions)Three Months Ended VarianceRevenue by Product LineJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearGas Technology Equipment$1,524$1,665$1,624 (9%)(6%)Gas Technology Services 831 791 752 5%11%Total Gas Technology 2,355 2,456 2,377 (4%)(1%)Industrial Products 549 491 488 12%13%Industrial Solutions 182 185 273 (2%)(33%)Total Industrial Technology 731 676 761 8%(4%)Climate Technology Solutions 205 218 156 (6%)31%Total Revenue$3,291$3,350$3,293 (2%)—% EBITDA excludes depreciation and amortization of $60 million, $69 million, and $56 million for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively. EBITDA margin is defined as EBITDA divided by revenue.
"F" is used in the above table when variance is above 100%. Additionally, "U" is used when variance is below (100)%.

IET orders of $7,088 million for the second quarter of 2026 increased by $3,558 million, or 101% year-over-year. The increase was driven by continued strength in Gas Technology Equipment and Gas Technology Services.

IET revenue of $3,291 million for the second quarter of 2026 remained flat year-over-year, with decreases in Gas Technology Equipment and Industrial Solutions driven by the PSI disposition, offset by increases in all other product lines.

Segment EBITDA for the quarter was $678 million, an increase of $93 million, or 16% year-over-year. The year-over-year increase in segment EBITDA was driven by price, productivity, cost-out initiatives, and FX, partially offset by lower volume and inflation.

Reconciliation of GAAP to non-GAAP Financial Measures

Management provides non-GAAP financial measures because it believes such measures are widely accepted financial indicators used by investors and analysts to analyze and compare companies on the basis of operating performance (including adjusted EBITDA; adjusted net income attributable to Baker Hughes; and adjusted diluted earnings per share) and liquidity (free cash flow) and that these measures may be used by investors to make informed investment decisions. Management believes that the exclusion of certain identified items from several key operating performance measures enables us to evaluate our operations more effectively, to identify underlying trends in the business, and to establish operational goals for certain management compensation purposes. Management also believes that free cash flow is an important supplemental measure of our cash performance but should not be considered as a measure of residual cash flow available for discretionary purposes, or as an alternative to cash flow from operating activities presented in accordance with GAAP.

Table 1a. Reconciliation of Net Income Attributable to Baker Hughes to Adjusted EBITDA and Segment EBITDA

 Three Months Ended(in millions)June 30, 2026March 31, 2026June 30, 2025Net income attributable to Baker Hughes (GAAP)$681 $930 $701 Net income attributable to noncontrolling interests 1  8  10 Provision for income taxes 210  336  256 Interest expense, net 66  86  54 Depreciation & amortization 333  354  293 Restructuring 11  37  — Inventory impairment —  2  — Gain (loss) on business dispositions(1) 24  (721) — Change in fair value of equity securities(1) (125) 50  (119)Transaction related costs(1) 30  28  — Other charges and credits(1)  48  17 Adjusted EBITDA (non-GAAP) 1,231  1,158  1,212 Corporate costs 82  74  78 Other (income) / expense not allocated to segments (30) 11  (28)Total Segment EBITDA (non-GAAP)$1,283 $1,243 $1,262 OFSE 605  565  677 IET 678  678  585  (1)   The gain on business dispositions, change in fair value of equity securities, transaction related costs, and other charges and credits are reported in "Other (income) expense, net" on the condensed consolidated statements of income (loss).

Table 1a reconciles net income attributable to Baker Hughes, which is the most directly comparable financial result determined in accordance with GAAP, to adjusted EBITDA and Segment EBITDA. Adjusted EBITDA and Segment EBITDA exclude the impact of certain identified items.

Table 1b. Reconciliation of Net Income Attributable to Baker Hughes to Adjusted Net Income Attributable to Baker Hughes

 Three Months Ended(in millions, except per share amounts)June 30, 2026March 31, 2026June 30, 2025Net income attributable to Baker Hughes (GAAP)$681 $930 $701 Restructuring 11  37  — Inventory impairment —  2  — (Gain) loss on business dispositions 24  (721) — Change in fair value of equity securities (125) 50  (119)Transaction related costs(1) 30  72  — Other adjustments —  48  17 Tax adjustments 19  155  24 Total adjustments, net of income tax (41) (357) (78)Less: adjustments attributable to noncontrolling interests —  —  — Adjustments attributable to Baker Hughes (41) (357) (78)Adjusted net income attributable to Baker Hughes (non-GAAP)$640 $573 $623     Denominator:   Weighted-average shares of Class A common stock outstanding diluted 997  996  991 Earnings per share - diluted (GAAP)$0.68 $0.93 $0.71 Total adjustments per share, net of income tax (0.04) (0.35) (0.08)Adjusted earnings per share - diluted (non-GAAP)$0.64 $0.58 $0.63  (1)   For the period ending March 31, 2026, transaction related costs included $43 million of interest expense fees related to the Bridge Facility.

Table 1b reconciles net income attributable to Baker Hughes, which is the most directly comparable financial result determined in accordance with GAAP, to adjusted net income attributable to Baker Hughes. Adjusted net income attributable to Baker Hughes excludes the impact of certain identified items.

Table 1c. Reconciliation of Net Cash Flows from Operating Activities to Free Cash Flow

 Three Months Ended(in millions)June 30, 2026March 31, 2026June 30, 2025Net cash flows from operating activities (GAAP)$1,345 $500 $510 Add: cash used for capital expenditures, net of proceeds from disposal of assets (236) (290) (271)Free cash flow (non-GAAP)$1,109 $210 $239  Table 1c reconciles net cash flows from operating activities, which is the most directly comparable financial result determined in accordance with GAAP, to free cash flow. Free cash flow is defined as net cash flows from operating activities less expenditures for capital assets plus proceeds from disposal of assets.

Financial Tables (GAAP)
 Condensed Consolidated Statements of Income
(Unaudited)
    Three Months Ended June 30,Six Months Ended June 30,(In millions, except per share amounts) 2026  2025  2026  2025 Revenue$6,742 $6,910 $13,329 $13,337 Costs and expenses:    Cost of revenue 5,165  5,295  10,246  10,247 Selling, general and administrative 569  567  1,131  1,144 Research and development costs 143  161  277  307 Restructuring 11  —  50  — Other (income) expense, net (104) (134) (691) 6 Interest expense, net 66  54  151  105 Income before income taxes 892  967  2,165  1,528 Provision for income taxes (210) (256) (545) (408)Net income 682  711  1,620  1,120 Less: Net income attributable to noncontrolling interests 1  10  9  17 Net income attributable to Baker Hughes Company$681 $701 $1,611 $1,103      Per share amounts:   Basic income per Class A common stock$0.69 $0.71 $1.63 $1.11 Diluted income per Class A common stock$0.68 $0.71 $1.62 $1.11      Weighted average shares:    Class A basic 992  988  991  990 Class A diluted 997  991  996  995      Cash dividend per Class A common stock$0.23 $0.23 $0.46 $0.46       Condensed Consolidated Statements of Financial Position
(Unaudited)
(In millions)June 30, 2026December 31, 2025ASSETSCurrent Assets:  Cash and cash equivalents$15,727$3,715Current receivables, net 6,654 6,641Inventories, net 4,961 4,954All other current assets 3,241 3,518Total current assets 30,583 18,828Property, plant and equipment, less accumulated depreciation 5,540 5,326Goodwill 5,566 6,068Other intangible assets, net 3,997 4,097Contract and other deferred assets 1,947 1,620All other assets 4,987 4,942Total assets$52,620$40,881LIABILITIES AND EQUITYCurrent Liabilities:  Accounts payable$4,509$4,579Short-term debt 774 689Progress collections and deferred income 6,598 5,904All other current liabilities 2,718 2,705Total current liabilities 14,599 13,877Long-term debt 15,479 5,398Liabilities for pensions and other postretirement benefits 959 1,066All other liabilities 1,499 1,530Equity 20,084 19,010Total liabilities and equity$52,620$40,881   Outstanding Baker Hughes Company shares:  Class A common stock 992 987 Condensed Consolidated Statements of Cash Flows
(Unaudited)
 Three Months Ended June 30,Six Months Ended June 30,(In millions) 2026  2026  2025 Cash flows from operating activities:   Net income$682 $1,620 $1,120 Adjustments to reconcile net income to net cash flows from operating activities:   Depreciation and amortization 333  687  579 Stock-based compensation cost 57  102  102 Change in fair value of equity securities (125) (75) 21 (Gain) loss on business dispositions 24  (697) — (Benefit) provision for deferred income taxes (166) 58  (17)Working capital 523  350  98 Other operating items, net 17  (200) (684)Net cash flows provided by operating activities 1,345  1,845  1,219 Cash flows from investing activities:   Expenditures for capital assets (300) (636) (601)Proceeds from disposal of assets 64  110  74 Proceeds from business dispositions —  1,381  — Other investing items, net 72  19  (69)Net cash flows provided by (used in) investing activities (164) 874  (596)Cash flows from financing activities:   Proceeds from issuance of long-term debt —  9,885  — Dividends paid (228) (456) (456)Repurchase of Class A common stock —  —  (384)Other financing items, net (8) (142) (105)Net cash flows provided by (used in) financing activities (236) 9,287  (945)Effect of currency exchange rate changes on cash and cash equivalents 18  6  45 (Decrease) increase in cash and cash equivalents 963  12,012  (277)Cash and cash equivalents, beginning of period 14,764  3,715  3,364 Cash and cash equivalents, end of period$15,727 $15,727 $3,087 Supplemental cash flows disclosures:   Income taxes paid, net of refunds$193 $381 $418 Interest paid$181 $237 $148 
Supplemental Financial Information

Supplemental financial information can be found on the Company's website at: investors.bakerhughes.com in the Financial Information section under Quarterly Results.

Conference Call and Webcast

The Company has scheduled an investor conference call to discuss management's outlook and the results reported in today's earnings announcement. The call will begin at 9:30 a.m. Eastern time, 8:30 a.m. Central time on Monday, July 27, 2026, the content of which is not part of this earnings release. The conference call will be broadcast live via a webcast and can be accessed by visiting the Events and Presentations page on the Company's website at: investors.bakerhughes.com. An archived version of the webcast will be available on the website for one month following the webcast.

Forward-Looking Statements

This news release (and oral statements made regarding the subjects of this release) may contain 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, (each a "forward-looking statement"). Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words "may," "will," "should," "potential," "intend," "expect," "would," "seek," "anticipate," "estimate," "overestimate," "underestimate," "believe," "could," "project," "predict," "continue," "target," "goal" or other similar words or expressions. There are many risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. These forward-looking statements are also affected by the risk factors described in the Company's annual report on Form 10-K for the annual period ended December 31, 2025 and those set forth from time to time in other filings with the Securities and Exchange Commission ("SEC"). The documents are available through the Company's website at: https://investors.bakerhughes.com or through the SEC's Electronic Data Gathering and Analysis Retrieval system at: www.sec.gov. We undertake no obligation to publicly update or revise any forward-looking statement, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

Our expectations regarding our business outlook and business plans; the business plans of our customers; oil and natural gas market conditions; cost and availability of resources; economic, legal and regulatory conditions, and other matters are only our forecasts regarding these matters.

These forward-looking statements, including forecasts, may be substantially different from actual results, which are affected by many risks, along with the following risk factors and the timing of any of these risk factors:

Economic and political conditions - the impact of worldwide economic conditions; the impact of inflation and interest rates; the impact of tariffs, including the potential for significant increases in tariffs and changes in global trade policy that could affect supply chain costs, pricing, and customer demand; the effect that declines in credit availability may have on worldwide economic growth and demand for hydrocarbons; foreign currency exchange fluctuations and changes in the capital markets in locations where we operate; and the impact of government disruptions and sanctions.Orders and RPO - our ability to execute on orders and RPO in accordance with agreed specifications, terms and conditions and convert those orders and RPO to revenue and cash.Oil and gas market conditions - the level of petroleum industry exploration, development and production expenditures; the price of, volatility in pricing of, and the demand for crude oil and natural gas; drilling activity; drilling permits for and regulation of the shelf and the deepwater drilling; excess productive capacity; crude and product inventories; LNG supply and demand; seasonal and other adverse weather conditions that affect the demand for energy; severe weather conditions, such as tornadoes and hurricanes, that affect exploration and production activities; Organization of Petroleum Exporting Countries ("OPEC") policy and the adherence by OPEC nations to their OPEC production quotas.Terrorism and geopolitical risks - war, military action, terrorist activities or extended periods of international conflict, particularly involving any petroleum-producing or consuming regions, including Russia and Ukraine; and the recent conflict in the Middle East and the associated impact to the Strait of Hormuz; labor disruptions, civil unrest or security conditions where we operate; potentially burdensome taxation; expropriation of assets by governmental action; cybersecurity risks and cyber incidents or attacks; epidemic outbreaks.
About Baker Hughes:

Baker Hughes (Nasdaq: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward - making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information, please contact:

Investor Relations

Chase Mulvehill
+1 346-297-2561
[email protected]

Media Relations

Adrienne M. Lynch
+1 713-906-8407
[email protected]

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In AeroVironment To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in AeroVironment between 4:30 PM EST on June 24, 2025 and June 18, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - July 26, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against AeroVironment, Inc. ("AeroVironment" or the "Company") (NASDAQ: AVAV) and reminds investors of the July 27, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force's ongoing efforts to modernize the SCN; (2) accordingly, Defendants overstated AeroVironment's business and financial prospects; and (3) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding AeroVironment's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the AeroVironment class action, go to www.faruqilaw.com/AVAV or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Frequently Asked Questions (FAQ) for Investors Regarding the AeroVironment Securities Class Action Lawsuit:

What is the AeroVironment securities fraud lawsuit about?

The AeroVironment securities fraud lawsuit is a federal securities class action alleging that AeroVironment, Inc. (NASDAQ: AVAV) and its executives made false and misleading statements to investors by concealing that the Company faced imminent competition for its SCAR program contracts and overstating its business and financial prospects. As the truth emerged through a series of disclosures — including a U.S. government stop work order on January 20, 2026, a Space Force announcement that it was reopening the SCAR program on March 2, 2026, and AeroVironment's disclosure of a $151.3 million goodwill impairment and contract termination on March 10, 2026 — AVAV's stock price dropped sharply, causing significant losses for investors.

Who may be eligible to participate in the lawsuit?

Investors who purchased or acquired AeroVironment (AVAV) stock between 4:30 PM EST on June 24, 2025 and June 18, 2026 — the Class Period — and suffered financial losses may be eligible to participate in the AeroVironment securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former AeroVironment employees, and others with relevant information about the Company's conduct are also encouraged to come forward.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff in the AeroVironment class action is a court-appointed investor — typically the one with the largest financial interest in the case — who directs and oversees the litigation on behalf of all class members. Any AeroVironment investor who purchased AVAV stock during the Class Period may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is July 27, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.

What should investors do if they purchased AeroVironment stock during the Class Period?

Investors who purchased AeroVironment (AVAV) stock between 4:30 PM EST on June 24, 2025 and June 18, 2026 and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the AeroVironment securities class action is July 27, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/AVAV for more information.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased AeroVironment securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306458

Source: Faruqi & Faruqi LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Planet Fitness To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Planet Fitness between November 6, 2025, and May 6, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - July 26, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Planet Fitness, Inc. (""Planet Fitness" or the "Company") (NYSE: PLNT) and reminds investors of the September 14, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose facts concerning the true state of Planet Fitness' customer acquisition and marketing metrics. Notably, the Company's updated marketing messaging was failing to resonate with, and was actively intimidating, its core target demographic of fitness beginners and casual gym-goers. As a result, Planet Fitness was experiencing a significant headwind in net member joins during its peak first-quarter sign-up period that rendered its previously issued fiscal 2026 guidance and long term financial targets unachievable.

On May 7, 2026, Planet Fitness announced its first quarter results for fiscal 2026, revealing that its critical peak sign-up period was off to a slower-than-expected start internally, slashing same-store growth guidance from 4-5% to only 1%, completely withdrawing its long-term three-year growth algorithm, and announcing a pause of the planned national rollout of the Black Card price increase. On this news, Planet Fitness's stock price fell $19.95, or 31.19%, to close at $44.01 per share on May 7, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Planet Fitness's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Frequently Asked Questions (FAQ) for Investors Regarding the Planet Fitness Securities Class Action Lawsuit:

What is the Planet Fitness securities fraud lawsuit about?

This securities class action lawsuit alleges that Planet Fitness, Inc. made materially false and misleading statements and/or concealed material adverse facts during the class period concerning the company's customer acquisition and marketing metrics. Specifically, the complaint alleges that Planet Fitness's updated marketing messaging was failing to resonate with - and was allegedly actively intimidating - its core target demographic of fitness beginners and casual gym-goers. As a result, the company allegedly experienced a significant headwind in net member joins during its critical peak first-quarter sign-up period, rendering its previously issued fiscal 2026 guidance and long-term financial targets unachievable. On May 7, 2026, Planet Fitness announced its first quarter fiscal 2026 results, at which time it slashed same-store growth guidance from 4-5% to only 1%, completely withdrew its long-term three-year growth algorithm, and announced a pause of the planned national rollout of its Black Card price increase. On that news, Planet Fitness's stock price fell $19.95 per share, or approximately 31.19%, to close at $44.01 per share on May 7, 2026.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired Planet Fitness, Inc. common stock traded on the NASDAQ under the ticker symbol PLNT between November 6, 2025 and May 6, 2026, inclusive, may be eligible to participate in this lawsuit. Eligibility to participate in any potential recovery is not limited to investors who seek appointment as lead plaintiff; any class member who suffered losses during the class period may be entitled to share in any recovery that may be obtained. Investors are encouraged to review their trading records to determine whether their purchases fall within the applicable class period. Additional information about eligibility may be obtained by contacting Faruqi & Faruqi, LLP.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a court-appointed representative who serves on behalf of all class members and plays an active role in directing the litigation, including working with counsel on case strategy and settlement negotiations. The lead plaintiff is typically the class member who suffered the largest financial loss and who satisfies certain adequacy and typicality requirements under the Private Securities Litigation Reform Act of 1995. Investors who wish to seek appointment as lead plaintiff must file a motion with the court no later than September 14, 2026. Importantly, investors do not need to serve as lead plaintiff in order to participate in the lawsuit or share in any recovery that may be obtained - class membership alone may entitle eligible investors to a portion of any proceeds.

What should investors do if they purchased Planet Fitness stock during the Class Period?

Investors who purchased Planet Fitness, Inc. common stock on the NASDAQ (PLNT) during the class period from November 6, 2025 through May 6, 2026 are encouraged to review their brokerage and trading records to confirm the timing and details of their purchases. Investors should take steps to preserve all relevant documentation, including trade confirmations, account statements, and any communications related to their Planet Fitness holdings, as such records may be important to establishing their claims. Given that the lead plaintiff motion deadline is September 14, 2026, investors who wish to be considered for appointment as lead plaintiff should act promptly. Investors may wish to consult with Faruqi & Faruqi, LLP prior to that deadline to evaluate their legal options and understand their rights, even if they do not intend to seek the lead plaintiff role.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Planet Fitness securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306474

Source: Faruqi & Faruqi LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

20h00 ▪ 5 min read ▪ by Evans S.

Summarize this article with:

Bitget received two industry awards during its first appearance at Wiki Finance Expo Hong Kong 2026. The recognition comes as the exchange expands its CFD and multi-asset trading ecosystem beyond conventional crypto markets. For Bitget, the awards support a wider message: the next exchange model will connect digital assets, stocks, commodities, forex and indices inside one capital environment.

In brief Bitget received two industry awards at Wiki Finance Expo Hong Kong 2026. The recognition follows its expansion across CFDs and multi-asset trading. Bitget is using the awards to reinforce its Universal Exchange strategy. Bitget gains recognition as its CFD business expands Bitget received the Outstanding All-Asset Innovation Platform – Global award and the Leading Innovative Trading Platform – Asia award. The honors arrive shortly after the exchange moved deeper into TradFi perpetual trading, where it processed nearly $70 billion in volume during the second quarter of 2026.

The award names go beyond CFDs alone. They recognize Bitget’s broader development as a multi-asset platform. Still, the timing closely reflects the exchange’s rapid CFD expansion across commodities, forex, indices and other traditional market-linked products.

Bitget is using this momentum to strengthen its Universal Exchange, or UEX, strategy. Rather than keeping crypto and traditional financial products in separate systems, the model aims to bring them into one trading experience. Lewis Huang, Bitget’s CFD Chief Analyst, used the event to focus on a familiar difficulty. Traders may follow bitcoin, gold, currencies and global equities at the same time, yet often need separate apps, accounts and capital pools to act across those markets.

That fragmentation creates delays. A trader may identify an opportunity in forex but still need to move funds from a crypto platform to another service. Each transfer adds steps, costs and operational risk. Bitget argues that one shared trading environment can reduce those obstacles. The exchange wants users to respond to movements across several asset classes without repeatedly moving capital through disconnected platforms.

This approach also increases the need for education. Crypto-native users may understand blockchain markets but remain unfamiliar with central-bank decisions, commodity pricing or CFD financing costs. Bitget’s TradFi 101 program addresses that knowledge gap as the product range expands.

The awards support a broader UEX narrative Bitget’s participation included more than receiving awards. Lewis Huang delivered a keynote titled “One Account, Global Investment: The Cross-Asset Trading Revolution in the UEX Era.” He also joined a panel on institutional liquidity and the evolution of crypto markets. The discussion focused on how liquidity, product design and market infrastructure are changing as blockchain-based trading moves closer to traditional finance.

This convergence has become central to Bitget’s recent product strategy. The exchange has added tokenized equities, CFD products, stock options, pre-IPO exposure and perpetual contracts linked to traditional assets.

The logic is straightforward. Web3 offers continuous markets, programmable infrastructure and digital settlement. Traditional finance brings deeper liquidity, mature instruments and decades of market structure. Bitget wants its platform to sit where those two systems meet.

Recognition does not remove the risks of multi-asset trading Awards can strengthen Bitget’s industry profile, but they do not guarantee product quality or trading outcomes. CFDs remain complex instruments. They can involve leverage, financing charges and rapid losses when markets move sharply.

A unified account can improve capital flexibility, but it can also concentrate risk. A trader exposed to bitcoin, gold and forex from one capital base may face several correlated losses during a global market shock. Bitget will therefore be judged on more than the number of products it offers. Liquidity, pricing, execution, risk controls and clear product information will decide whether the UEX model works under pressure.

The Hong Kong context also requires clarity. Bitget stated that its attendance was limited to industry participation and receiving the awards. Hong Kong remains a prohibited jurisdiction under its terms, so the event should not be interpreted as a local offer or solicitation.

Even with that limitation, the two honors reinforce Bitget’s current direction. The exchange is building an identity around cross-asset trading rather than crypto alone. Its recent quanto perpetual launch shows how far that strategy has moved from branding into actual market structure.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

Join the program

A

A

Lien copié

Evans S.

Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Israeli Prime Minister: This visit to the US aims to understand the US President’s views on the Iran issue.

Israeli Prime Minister Benjamin Netanyahu said in an interview that the conflict between Israel and Iran will only end when Iran’s current regime is overthrown or so weakened that it is forced to abandon its nuclear program. He emphasized that Iran’s nuclear program must be terminated "regardless of whether an agreement is reached". When discussing the planned meeting with U.S. President Donald Trump, Netanyahu noted that the meeting will not focus on delivering new intelligence, as the military and intelligence agencies of the U.S. and Israel are already in close cooperation. He stated that the purpose of the trip is to discuss with Trump and understand his thinking, adding that the development of the situation largely depends on Trump’s final decision. In addition, Netanyahu also commented on the U.S.-Saudi nuclear deal. He expressed agreement with Trump’s stance that "Saudi Arabia can only access a civilian nuclear deal", and stressed that both Israel and the U.S. will never allow Saudi Arabia to possess a military nuclear program. Netanyahu also said he will "definitely" attend the United Nations General Assembly to be held in New York in September. (CCTV News)

6 hours ago

Lido Responds to stETH Yield Calculation Anomaly: Issue Fixed, Oracle Upgraded, User Funds Unaffected.

Ethereum staking protocol Lido stated on X that today’s stETH rebase has been completed as expected, with ETH rewards omitted yesterday due to calculation gaps now fully restored. The corresponding annual percentage rate (APR) stands at approximately 2.29%. The protocol’s oracle has also been updated and audited; the new version will boost report processing speed and enable faster root cause identification for similar future issues. Regarding yesterday’s reward calculation anomaly, Lido said contributors are still conducting root cause analysis, with additional investigation details to be shared on its official forum and social media channels. User funds were never at risk throughout the entire incident. The initial assessment points to a special edge case as the likely cause: a validator in pending deposit status was omitted from yesterday’s reward report, resulting in some staking rewards not being included in calculations. Lido noted that a full incident post-mortem report will be released in the coming days to further detail the root cause, remediation measures, and subsequent improvement plans.

6 hours ago

On Robinhood Chain, on-chain speculation remains active, with multiple tokens hitting new market cap highs today.

According to GMGN market data, hype on Robinhood Chain remains active, with multiple tokens hitting new all-time highs (ATH) in market capitalization today. Among them: PONS, the largest token issuance platform on Robinhood Chain by market cap, briefly exceeded $56 million, and is now trading at $52.47 million, marking a new ATH with a 24-hour gain of 31.88%. BRODIE, a meme token in the PONS ecosystem, broke through $6 million in market cap, also hitting a new ATH, with a 24-hour surge of 151.7%. STONKBROKER, an RWA + meme project token, surpassed $15 million in market cap, also hitting a new ATH, with a 24-hour increase of 29.61%. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.

6 hours ago

Founder of Mango Labs: Has gone long on Changxin Technology, calling it a rare 1:5 leverage trading opportunity.

Mango Labs founder @dov_wo shared his market views, noting he has gone long on Changxin Technology, calling it a rare 1:5 risk-reward opportunity with a 20% downside and 100% upside, a 5-to-1 payout. @dov_wo outlined his bullish thesis as follows: low float ratio, regulatory tailwinds, and institutional optimism for its investment opportunity at a market cap below $3 trillion. He advised on the strategy: if Changxin gaps up tomorrow, close the position to lock in profits directly; if it gaps down then rallies, wait patiently and wrap up the trade within 3 days.

6 hours ago

Jiang Zhuoer: Changxin Memory will likely hit its all-time high on its first day of trading, and recommended pairing it with hedging operations on Hyperliquid.

Jiang Zhuoer, founder of BTC.TOP (B.TOP), posted that Changxin Memory will likely open higher, surge then pull back, hitting its all-time high on the first trading day. The ideal play is to buy at the A-share opening, sell during the midday H-share-driven rally, then sell on A-share and buy back on H-share the next day to square positions. Without H-share exposure, investors will be trapped by the T+1 trading rule, possibly holding the stock for a lifetime just like PetroChina.

6 hours ago

OpenAI's CEO will travel to Washington in person to push for expedited approval of its new AI model, possibly GPT-6.

OpenAI CEO Sam Altman will visit Washington next week to showcase the company’s most powerful AI model to the White House and push for its rapid approval. The model previously infiltrated Hugging Face. Reports note the new model has long-term planning capabilities, can independently complete original scientific research, and supports agent groups to collaborate on complex tasks including legal and financial matters. Though the report does not specify whether the new model is GPT-6, analyst Chubby believes Altman’s trip is to prepare for the launch of GPT-6. (Axios)

6 hours ago

Just a few weeks ago, CoreWeave (CRWV -11.58%) looked unstoppable.

The neocloud provider had become one of Wall Street's hottest stocks, riding the wave of excitement generated by artificial intelligence. Investors were captivated by its explosive revenue growth, massive backlog of customer contracts, and strategic partnerships with some of the biggest names in AI.

Then, almost as quickly as it climbed, the stock tumbled. As of mid-afternoon Friday, CoreWeave had lost 30% of its market capitalization in just one month, leaving many investors wondering whether something has gone seriously wrong. 

The answer is both yes and no.

Image source: Getty Images.

Investors are starting to ask tougher questions For much of the past year, investors focused on one question: Can CoreWeave grow fast enough?

The answer appeared to be yes. The company signed enormous contracts with clients, expanded aggressively, and established itself as one of the leading independent providers of AI cloud computing infrastructure. In the first quarter of 2026, revenue more than doubled year over year to $2.1 billion, while revenue backlog almost tripled to about $100 billion.

Yet despite the impressive performance, Wall Street is asking a very different question today: Can CoreWeave become a highly profitable business despite spending tens of billions of dollars on its infrastructure?

That distinction may sound subtle, but it changes everything. Growing quickly is impressive. Growing profitably in one of the most capital-intensive industries on Earth is much harder. Under generally accepted accounting principles (GAAP), CoreWeave remained loss-making in Q1 despite its massive contract wins. The only silver lining in the quarterly report it delivered on May 7 was that its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and adjusted operating income came in positive.

In short, investors are focused on whether CoreWeave will report GAAP profits in the near future.

Today's Change

(

-11.58

%) $

-9.40

Current Price

$

71.71

Meta may have changed the competitive landscape One of the biggest catalysts behind the stock's recent sell-off was a report that Meta Platforms is exploring leasing out some of its artificial intelligence computing infrastructure to external customers.

At first glance, that might not sound like bad news. After all, demand for AI computing capacity continues to surge.

But investors immediately see a much bigger implication over the long run. Meta isn't just one of the world's largest AI companies. It could also become one of the world's largest suppliers of AI computing capacity.

That shines a spotlight on an uncomfortable scenario. The largest customers of neoclouds like CoreWeave today could become its biggest competitors tomorrow. Whether Meta ultimately succeeds isn't the point.

In short, the market now views it as more probable that the AI infrastructure space will become more competitive over time, which would reduce the pricing power of independent compute providers like CoreWeave.

Expectations were probably too high to start with Sometimes, a stock falls not because the business deteriorates, but because the expectations baked into its price become impossible for the company to satisfy. That appears to be part of CoreWeave's recent share price decline.

To put it into perspective, the stock now trades at a price-to-sales (P/S) ratio of 5.9 -- and that's after the stock price collapsed from its 52-week high of $153 to around $74 as of mid-afternoon Friday. Amazon, despite owning the largest cloud computing business globally, trades at a P/S ratio of 3.4.

In other words, investors weren't just valuing CoreWeave like a fast-growing cloud provider. They were valuing it as one of the defining winners of the AI revolution.

When expectations reach those levels, almost any uncertainty -- such as a potential new competitor or concerns over long-term profitability -- can trigger a sharp correction.

None of these developments, individually, fundamentally changes CoreWeave's business. Together, however, they have created enough uncertainty to drive investors to reassess how much they're willing to pay for the stock.

What does it mean for investors? When a stock falls by more than 50% from its 52-week high, it naturally raises concerns among shareholders.

But let's put things into perspective. If you expected CoreWeave's stock to rise continuously in a straight line, that's likely unrealistic. Long-term investors should focus on a different question: Has the long-term investment thesis changed?

So far, the answer appears to be no. AI infrastructure demand continues to grow. CoreWeave remains deeply integrated with leading AI developers, and the company still has a substantial runway for expansion if management executes well.

What has changed is the need for a margin for error. Investors are no longer rewarding growth at any cost. What they want now is proof that CoreWeave can transform extraordinary demand for its services into a durable, profitable business.

The company's ability to provide that proof may ultimately determine where the stock goes over the next few years.

As Apple prepares to launch its first smart glasses, the company is also wrestling with how to address consumer privacy concerns, according to Bloomberg’s Mark Gurman.

Gurman reports that Apple has pushed back the launch target from early 2027, with the glasses now set for unveiling at the Worldwide Developers Conference in June 2027 and actually becoming available by the end of the year. That delay allows Apple to work on the product itself, and on the messaging around privacy.

It sounds like the company has noticed the concerns around Meta’s smart glasses — sometimes decried as “pervert glasses” — being used to make non-consensual video recordings. That could be a bigger issue for Apple, which constantly emphasizes privacy in its marketing.

Among other things, Apple will reportedly try to emphasize privacy-friendly features like on-device processing, as well as the absence of facial recognition. The company will likely steer clear of using customer recordings to train AI models, and it’s unlikely to follow Meta’s reported practice of using contractors to review customer footage.

Berkshire Hathaway (BRKA +0.71%)(BRKB +0.83%) owns dozens of businesses in its $350 billion public equities portfolio. Not just any company can get in, of course. It must meet strict quality and valuation criteria before being considered.

But there's one business that has been a mainstay holding for quite some time. And it throws off a ton of cash for the Omaha-based conglomerate. Here's a leading Warren Buffett stock that dividend investors need to know -- and consider for their portfolios.

Image source: The Motley Fool.

As of this writing, Coca-Cola (KO +1.33%) is a top-five position in Berkshire Hathaway's portfolio. It's currently valued at $32.5 billion. The company's strong brand supports customer loyalty, pricing power, and huge profits. These are compelling characteristics in Buffett's eyes. And they have stood the test of time.

The beverage stock pays a dividend that yields 2.61%, sending investors $0.53 per share each quarter. Since Berkshire Hathaway owns 400 million shares, it's able to generate $848 million in annualized passive income.

Today's Change

(

1.33

%) $

1.08

Current Price

$

82.25

Individual investors who are after a dependable income stream for their portfolios can do much worse than taking a closer look at Coca-Cola. It's a Dividend King, a company that has raised its dividend in 50 or more consecutive years. Coca-Cola's board of directors has raised the payout in 64 straight years, which is a phenomenal streak that demonstrates the company's unwavering commitment to its shareholder base.

Are you ready to quench your thirst for dividends?

Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool has a disclosure policy.