Mid-America Apartment Communities, Equity Residential a Camden Property Trust v červenci zvyšují dividendy a těží z ochlazení nové bytové výstavby. Nejvýrazněji MAA, která zvýšila čtvrtletní dividendu na 1,53 USD na akcii.
Apartment real estate investment trusts (REITs) are set up for a better second half of 2026, and the July income calendar makes this a natural moment to look at the group. New multifamily supply is rolling off. Housing starts peaked at 1.522 million units in March and fell to 1.177 million by May, a sharp deceleration that historically translates into stronger pricing power for existing landlords 12 to 18 months out. Demographics reinforce the setup: Millennials aging into peak household formation and Gen Z entering the rental market are colliding with a construction sector whose Q1 2026 growth was just 1.0%, keeping structural undersupply intact.
Three names stand out for investors who want durable, cash distributions rather than speculation. Each is a different flavor of the same thesis.
Mid-America Apartment Communities (MAA) Mid-America Apartment Communities (NYSE:MAA | MAA Price Prediction) is the Sun Belt anchor of this list, with a $16.8 billion market cap and a dividend record that few residential REITs can match. Management just declared its 128th consecutive quarterly dividend, extending a payout streak that dates back to the company’s 1994 IPO with no cuts or suspensions. The 2026 quarterly rate stepped up to $1.53 per share from $1.515 in 2025, and the forward yield sits around 4.3%. The next payment comes on July 31 with an ex-dividend date is July 15.
The bull case is clear. MAA guided 2026 Core FFO to $8.35 to $8.71 per share, and CEO Brad Hill has been direct that Sun Belt supply is decelerating in a way that should reset lease pricing. Same-store occupancy held at 95.7% in Q4 2025, and an $932 million, 2,522-unit development pipeline gives the company organic growth optionality without needing to overpay in the acquisition market. Shares have quietly perked up, gaining 3.75% year to date to $142.67.
Risk to watch: Q4 2025 EPS came in at 48 cents, missing the 90-cent estimate, and a $53 million legal settlement charge plus roughly 25 cents per share of interest expense headwind in 2026 mean the recovery will be uneven quarter to quarter.
Equity Residential (EQR) Equity Residential (NYSE:EQR) is the coastal counterweight to MAA. At a $27 billion market cap, it is the largest name on this list, and its urban portfolio is doing exactly what the bull thesis predicted. San Francisco delivered 6.0% Q4 revenue growth and New York 4.2% growth at 97.6% occupancy. Resident turnover fell to 7.8% in Q1 2026, the lowest in company history, which is the sort of retention that quietly compounds cash flow.
The dividend was raised 1.4% to an annual rate of $2.81, with the last payment of 70 cents hitting shareholders on July 10. Yield sits at roughly 4.0%. Management has been aggressive on capital returns, repurchasing about 4.8 million shares in 2025 at an average price of $62.03, with another $200 million planned for the first half of 2026. S&P affirmed the A- credit rating with a positive outlook, and Goldman Sachs raised its price target to $71. Shares are up 14.68% year to date to $70.62.
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Risk to watch: EQR’s expansion markets (Denver, Atlanta, Dallas/Austin) are still showing negative revenue growth, and Q1 2026 EPS of $0.24 missed the $0.29 estimate after $36.6 million of insurance and litigation reserves. Income-focused investors interested in building broader dividend exposure alongside REITs may want to review the free Ten Dividend Kings research report as a companion read.
Camden Property Trust (CPT) Camden Property Trust (NYSE:CPT) is the smallest of the three at a $11.6 billion market cap, and it is the most direct bet on the Sun Belt supply cliff. The portfolio spans 172 properties and 58,759 apartment homes across 16 markets. Q1 2026 EPS of 40 cents beat the 25-cent estimate, and management raised the 2026 EPS midpoint to 66 cents with Core FFO guided to $6.60 to $6.90 per share.
Under new CEO Alex Jessett, Camden is deploying its $600 million share repurchase program aggressively, buying back 2.63 million shares in Q1 at an average $105.88, plus $171.3 million of post-quarter acquisitions in Alpharetta and Lake Nona. The last quarterly dividend of $1.06 paid out on July 17, for an annualized rate of $4.24 and a yield of about 3.6%. Shares have gained 8.39% year to date to $118.24.
Risk to watch: Same-property NOI declined 0.7% year over year, Austin revenue fell 2.7%, and a $53 million litigation settlement tied to revenue management software pushed net debt to EBITDA to 4.7x. Blended new lease rates were still negative at -1.4%, so the pricing recovery is not yet in the numbers.
What to Watch Next All three REITs pay in July, all three have raised distributions into 2026, and all three benefit from the same supply-demand equation. MAA offers the deepest dividend track record and highest yield, EQR offers the coastal recovery story with the strongest year-to-date price action, and CPT offers the highest-conviction Sun Belt turnaround if new leases inflect positive later in 2026. The catalyst to keep an eye on: Q2 2026 earnings reports, where blended lease rate trends will show whether the supply thesis is finally translating into pricing power.
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Super Micro Computer po předběžných výsledcích očekává výnosy za 2. čtvrtletí na spodní hraně pásma 11 až 12,5 miliardy USD, ale hrubá marže má vzrůst na 15 % až 17 % z dřívějších 8,2 % až 8,4 %.
Super Micro Computer (SMCI -3.53%) shares surged nearly 20% on July 22 after the company pre-announced strong preliminary results. While its second-quarter revenue is expected to come in toward the low end of its $11 billion to $12.5 billion range, that is still about double the revenue it generated a year ago. More importantly, it projected that its gross margins would rise to a range of 15% to 17%, well above its 8.2% to 8.4% guidance.
Supermicro, which designs and assembles servers and rack solutions for data centers, has struggled with margins, so this is a piece of welcome news. However, this is generally a low-margin business, and the surprising jump in margins is likely largely due to supply shortages.
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There have been shortages of key AI infrastructure components for things like memory, central processing units (CPUs), and graphics processing units (GPUs), so hyperscalers and enterprises that want complete systems right away are more likely to pay up for a complete system from an integrator. A shift toward enterprise or sovereign clients, which have less buying power, can also positively impact margins.
That said, this dynamic could be temporary, and Supermicro is still, by and large, a low-margin middleman. It also has a history of controversy, and its offices in Taiwan were raided at the end of June, related to employees smuggling chips to China. So instead of owning Supermico shares, I think buying Nvidia (NVDA -1.01%) is the much safer and smarter bet.
Image source: The Motley Fool.
Nvidia is the better stock to own
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Supermicro and most other integrators build their servers around Nvidia GPUs, so the strong demand it is seeing and its ability to boost margins speak volumes to the current high-demand environment for Nvidia's chips and components. In fact, this can be a great leading indicator.
When looking at where most of the value resides, this is with Nvidia and its GPUs. Supermicro is largely passing along high GPU prices to its customers; that's why its revenue is so high and its gross margins are generally low. Nvidia, on the other hand, has gross margins around 75%. So, what is good news for Supermicro is ultimately even better news for Nvidia, and you are getting a much more attractive company in Nvidia with a lot less controversy.
As Supermicro's preliminary Q2 numbers show, there is no current let-up in demand for AI infrastructure. At the same time, earlier commentary and an increase in capex from leading foundry Taiwan Semiconductor Manufacturing also point to strong long-term demand. With the king of AI infrastructure trading at a forward P/E of only 16 times fiscal 2028 (ending January 2028) estimates, investors don't need to overthink this and can just buy the stock of the high-quality market leader.
Nvidia před výsledky 26. srpna historicky po oznámení často klesá: v posledních 13 čtvrtletích akcie v pěti dnech po výsledcích osmkrát oslabily. Akcie letos přidaly 11 %.
Nvidia (NVDA -1.01%) has been one of the biggest winners of the artificial intelligence (AI) boom. The tech giant entered the market early and became the AI chip leader, and then it went on to build an AI empire, selling a broad portfolio of related products and services.
All of this has helped the company's earnings reach record levels -- more than $215 billion in revenue and $120 billion in profit in the latest full year. And the stock has also climbed, surging in the triple-digits over five years. Though Nvidia shares have lost some momentum this year, the company is well-positioned to deliver growth to investors over time. It's important to remember that the AI market is expected to surpass $3 trillion early next decade.
So, with a potential catalyst for stock performance on Aug. 26, you may be wondering if you should buy shares before that date. Let's consider what history has to say.
Image source: Getty Images.
Nvidia in the AI market Before diving in, let's take a closer look at Nvidia's path in the AI market so far. This tech giant has been in business for more than 30 years, but in its earlier days, it generated most of its revenue from selling its graphics processing units (GPUs) in the video gaming market. The company, recognizing the power of these chips, then designed a parallel computing platform that allowed for broader use. And when Nvidia chief Jensen Huang saw the AI opportunity, he decided to go all in and design GPUs specifically to suit that purpose.
This proved to be a game-changing decision for the company, as we can see through the revenue growth and stock performance in recent years.
NVDA data by YCharts
Why has Nvidia lost momentum this year? For a few reasons. Investors have worried about the levels of tech spending on AI infrastructure and whether the revenue opportunities will be as big as expected. General concerns about rising prices in the U.S. and turmoil in Iran also have prompted investors to become more cautious -- and rotate out of growth stocks, which are sensitive to economic shifts.
Meanwhile, investors who have chosen to stick with AI stocks in many cases have turned to players that hadn't climbed as much as Nvidia in the earliest stages of the AI boom. For example, memory and storage players such as Micron Technology and Western Digital saw their stock prices advance about 150% from the start of 2023 through the first half of last year, while Nvidia delivered a gain of more than 900%. This year, those two AI stocks have each jumped more than 200%, while Nvidia has delivered an increase of 11%.
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Commitment to innovation But, as I mentioned above, the AI growth story remains solid, and Nvidia's commitment to innovation should keep earnings marching higher. And speaking of earnings, let's now talk about the event on Aug. 26. This is Nvidia's fiscal 2027 second-quarter earnings report.
Should you buy the stock ahead of that event? History shows us the following about Nvidia's stock performance in the five trading days after its earnings reports. After the past 13 quarterly reports, the stock has fallen eight times during the five days that follow. Two of the declines were in the double-digits, and the others were in the single-digits.
So, history tells us that if you buy Nvidia stock ahead of its Aug. 26 report, you may not benefit from a post-earnings gain. Of course, it's important to remember that history isn't always right, but it offers us a general idea of what has commonly happened over time.
Does this mean you should avoid Nvidia stock? Not necessarily. Nvidia remains an excellent buy due to its well-established leadership in AI chips, its expansion across other products and services, and its long-term prospects in the AI market. And right now, trading at 23x forward earnings estimates, it's particularly cheap. This means that you shouldn't rush into Nvidia stock with the expectation of a quick gain after Aug. 26. Instead, it's a better idea to pick up the shares with the idea of focusing on long-term performance -- and there, you might score a major win.
Palantir v 1. čtvrtletí zvýšila tržby o 85 % na 1,6 miliardy USD a upravený zisk na akcii (non-GAAP) o 153 % na 0,33 USD. Firma zároveň zvýšila celoroční výhled.
Palantir Technologies (PLTR -0.30%) has been a cornerstone of the artificial intelligence (AI) trade for several years. Its stock price, despite dropping 30% year to date, has increased 1,800% since January 2023.
In a recent interview, Gil Luria, head of technology research at D.A. Davidson, told Schwab Network, "Palantir may be the best company in the world. It's at least the best software company." He also explained that, while the stock remains expensive, the valuation is more attractive today than it has been in the past.
Earlier this month, Luria raised his target price to $175 per share. That implies 42% upside from the current share price of $123. However, most Wall Street analysts expect even larger gains. Palantir has a median target price of $200 per share, implying 62% upside.
Image source: Getty Images.
Palantir's unique software architecture gives the company an edge Palantir develops analytics platforms that integrate data and apply artificial intelligence to help customers make better decisions. The company has differentiated itself with a unique software architecture. While most analytics tools focus on charts and tables, Palantir built its platforms around a decision-making framework called an ontology.
Think of the ontology as a digital twin. It connects data to real-world assets and processes, creating a single source of truth for an entire organization. By structuring information in a manner conducive to artificial intelligence, Palantir's ontology makes it easy for customers to surface insights and automate workflows.
Additionally, Palantir's Artificial Intelligence Platform (AIP) is an agnostic large language model orchestration tool, meaning customers can apply any AI model to the ontology data. That distinguishes Palantir from companies like Anthropic and OpenAI, whose products center on proprietary models rather than agnostic orchestration.
Luria says the market needs agnostic products, citing a recent U.S. government directive that forced Anthropic to temporarily suspend access to its Fable model. "So now companies know we need somebody like Palantir, where if something like that happens, they can swap in an OpenAI model or even an open-source model," he told Schwab Network.
Luria went on to say Palantir has always been a major player in the AI platforms market, but its role in that market is becoming even more important as the number of available models increases. "Most companies are in the very initial stages of trying everything to see what catches. But Palantir customers are using AI already to deliver results," he said.
Palantir has received praise from several independent research firms. Dresner Advisory Services has ranked the company as a leader in three market studies: artificial intelligence, data science, and machine learning; model operations; and agentic AI. Likewise, Forrester Research has recognized Palantir as a leader in AI decisioning platforms.
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Palantir's impressive growth trajectory makes its rich valuation tolerable Palantir reported impressive financial results in the first quarter. Revenue increased 85% to $1.6 billion, the 11th consecutive acceleration, and non-GAAP (generally accepted accounting principles) earnings increased 153% to $0.33 per diluted share. The company also raised full-year guidance, now anticipating 71% revenue growth in 2026, up from 56% in 2025.
"Our financial results now demonstrate a level of strength that dwarfs the performance of essentially every software company in history at this scale," CEO Alex Karp told analysts on the earning call. "We are in a category of our own."
Looking ahead, Wall Street expects Palantir's earnings to grow at 56% annually through 2027. In that context, Palantir's current valuation of 128 times earnings is not cheap, but it is tolerable, especially given that the company has topped the consensus earnings estimate by an average of 15% over the last six quarters.
Luria's assertion that Palantir might be the best company in the world is rather bold. I'm not sure I'd go that far. Regardless, patient investors should consider buying a small position in the stock today.
NAVER, NVIDIA a Brookfield plánují rozšířit korejskou AI továrnu v Sejongu z 55 megawattů na 200 megawattů do roku 2028. NVIDIA chce do NAVER investovat 1 miliardu USD.
NAVER, NVIDIA and Brookfield plan to invest in gigawatt-scale, multi-tenant AI cloud infrastructure to power the next generation of AI companies in Korea and the U.S.NAVER and NVIDIA team plan to expand the initial NVIDIA DSX AI factory buildout at GAK Sejong data center from 55 megawatts to 200 megawatts by 2028.NAVER plans to continue its path toward gigawatt-scale sovereign AI infrastructure, deploying the NVIDIA DSX platform to deliver full-stack, lowest-cost AI factory infrastructure for enterprises, industries and government.
SAN FRANCISCO, July 24, 2026 (GLOBE NEWSWIRE) -- AI Summit -- NAVER, NVIDIA and Brookfield today announced a proposed expansion of Korea's sovereign AI factory infrastructure, with planned investments that will grow the initial NVIDIA® DSX™ AI factory deployment to 200 megawatts — more than tripling the 55-megawatt buildout announced last month. NAVER intends to expand its deployment of NVIDIA AI infrastructure to 1 gigawatt.
Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion marks a significant acceleration of Korea’s national AI ambitions. The expanded infrastructure will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea.
NVIDIA plans to invest $1 billion into NAVER Corp. Brookfield has entered into a nonbinding term sheet to fund up to $9 billion. NAVER will fund the remaining amounts to finance the project. NVIDIA’s planned investment is subject to customary closing conditions and NAVER finalizing at least $9 billion of committed financing for the project, separate from NVIDIA’s planned investment. The expanded infrastructure will provide Korea- and U.S.-based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.
“NVIDIA’s planned strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI factory business into a robust execution phase,” said Haejin Lee, founder and chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem and spearhead efforts to strengthen South Korea’s AI competitiveness.”
“The partnership will combine Brookfield’s global AI infrastructure investment capabilities, NAVER’s full-stack AI and data center operating expertise, and NVIDIA’s accelerated computing platform to advance Korea’s AI capabilities,” said Sikander Rashid, global head of AI infrastructure at Brookfield. “As AI adoption accelerates across the global economy, access to trusted, sovereign and scalable AI infrastructure is becoming an increasingly important strategic priority for companies and countries.”
“AI factories are the infrastructure nations need to compete and innovate in the intelligence era,” said Jensen Huang, founder and CEO of NVIDIA. “Together, NAVER, NVIDIA and Brookfield are building sovereign AI infrastructure at the scale needed to fuel Korea’s startups and industries. This is how nations and companies are building their futures in the age of AI.”
Expanding AI Factory Capacity to Fuel AI Innovators
The 200-megawatt AI factory is expected to feature advanced NVIDIA AI infrastructure including the NVIDIA Vera Rubin and NVIDIA Blackwell platforms. It intends to provide the compute, software and support needed to develop and deploy competitive AI models and applications at scale. As an NVIDIA Cloud Partner, NAVER provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform.
Today’s proposed expansion builds on the June announcement in which NAVER committed to extending its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure to serve Korea’s enterprises, industries, government organizations and global AI cloud customers.
Brookfield Investments Scale AI Infrastructure Deployments
Brookfield has established one of the industry’s leading AI infrastructure investment platforms, with approximately $100 billion of assets under management across the AI infrastructure value chain including data centers, compute, semiconductor manufacturing and dedicated power generation.
The planned NAVER investment will mark another significant milestone in Brookfield’s strategic partnership with NVIDIA. Building on NVIDIA’s participation as a founding partner in the Brookfield Global AI Infrastructure Program, the planned investment combines Brookfield’s capital and AI infrastructure and power expertise with NVIDIA’s accelerated computing platform to support the deployment of large-scale AI factories.
Brookfield has been an active, long-term investor in Korea since establishing a presence in the country in 2014 and currently manages approximately $12 billion of assets across infrastructure, real estate and energy.
NVIDIA DSX Platform Powers Expansion
The NVIDIA DSX platform provides an end-to-end, codesigned stack for AI factories — spanning chips, systems, software, facilities and partner technologies — purpose-built to minimize token cost and accelerate time to first production.
NVIDIA DSX MaxLPS™ software maximizes token throughput per megawatt, while NVIDIA DSX OS™ provides lifecycle management, health automation, resiliency and multi-tenant AI factory management across the expanded infrastructure.
Open Models Accelerate Growth
In addition, the expanded infrastructure builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.
NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.
About NAVER
Founded in 1999, NAVER is Korea’s largest Internet company and one of the world’s top tech companies. Leading cutting-edge technologies, NAVER operates the No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.
NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.
About Brookfield
Brookfield is a leading global investment firm with more than $1 trillion in assets under management that owns and operates real assets and essential service businesses that form the backbone of the global economy. We invest on behalf of institutions and individuals around the world across infrastructure, renewable power and transition, private equity, real estate, and credit—sectors critical to supporting economic growth and productivity. With a heritage spanning more than a century and operations in over 30 countries, we deploy long-term, patient capital to build the foundational assets and businesses that power a more connected, resilient, and sustainable future—seeking to build long-term wealth for our clients while delivering strong risk-adjusted returns for our shareholders.
About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.
For further information, contact:
NVIDIA Corporation
Corporate Communications [email protected]
NAVER Forward-Looking Statements
This press release contains forward-looking statements regarding the NAVER’s future plans, outlook, and initiatives, as of the date of this release. Actual results and outcomes may differ materially depending on future changes in market conditions and business circumstances.
NVIDIA Forward-Looking Statements
Certain statements in this press release including, but not limited to, statements as to: together, NAVER, Brookfield and NVIDIA building sovereign AI infrastructure at the scale needed to fuel Korea’s startups and industries; expectations with respect to NVIDIA’s partnership with NAVER and Brookfield; expectations with respect to demand, growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are 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, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Berkshire Hathaway dokončila akvizici Taylor Morrison za 72,50 USD za akcii v hotovosti. Společnost se stane čtvrtou největší developerskou společností domů v USA.
Taylor Morrison to unify with Berkshire Hathaway's site-built homebuilding operations
, /PRNewswire/ -- Berkshire Hathaway Inc. and Taylor Morrison today announced the completion of Berkshire Hathaway's acquisition of Taylor Morrison for $72.50 per common share in cash, representing a total equity value for Taylor Morrison of approximately $6.8 billion and total enterprise value of approximately $8.5 billion.
Under Berkshire, Taylor Morrison will continue to be led by CEO Sheryl Palmer, who will oversee the integration of Taylor Morrison's portfolio of brands—including Esplanade, Yardly and Taylor Morrison Home Funding—with Berkshire Hathaway's site-built homebuilding operations that comprise Clayton Properties Group, a collection of 15 established regional and local homebuilders. Combined, the integrated operation will serve renters, entry-level, move-up, and resort lifestyle segments.
"Today marks an important step forward as Taylor Morrison joins Berkshire. This best-in-class national homebuilder will lead our vision for a unified site-built homebuilding operation," said Berkshire Hathaway's Chief Executive Officer Greg Abel. "Together, we will help more Americans achieve their dream of homeownership."
"We have always believed in the strength of our business, and today Berkshire Hathaway has confirmed that belief," said Taylor Morrison Chief Executive Officer Sheryl Palmer. "As we enter this new chapter, the scale and reach we gain by unifying with Berkshire and Clayton's regional site-built homebuilders is transformative. We'll now serve more customers, in more markets, with more choices—while maintaining the specialized local expertise that has made us successful. We're thrilled to build upon that success as we scale to create a combined homebuilding platform unlike anything in the industry."
Combined, Taylor Morrison and Clayton Properties Group delivered nearly 23,000 site-built home closings in 2025, operate in 21 states and 52 housing markets, and serve more than 700 communities nationally—positioning the combined business as the fourth largest homebuilding operation in the United States.
Transaction Details
Goldman Sachs & Co. LLC and Moelis & Company LLC served as financial advisors, Simpson Thacher & Bartlett LLP served as legal advisor, Mayer Brown LLP served as financial services regulatory counsel to Taylor Morrison, and Gibson, Dunn & Crutcher LLP and Baker McKenzie LLP served as counsel to Berkshire Hathaway.
About Berkshire Hathaway
Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, services and retailing. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.
About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading community developers and homebuilders. It serves entry-level, move-up, and resort lifestyle homebuyers and renters under its family of brands—including Taylor Morrison, Esplanade, and Yardly. Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research since 2016, was honored as one of Fortune's World's Most Admired Companies in 2026, and on Forbes' Most Trusted and Best Companies in America lists in 2025.
Contacts:
Berkshire Hathaway
Chuck Chang
(402) 346-1400
Taylor Morrison
Media:
Jaclyn Rygg
(480) 376-0641
[email protected]
Integrated Dual-Clutch Transmission (DCT) system targets motorcycle and four-wheeled vehicle applications above 500 cc Technology improves fuel economy and enhances the riding experience BorgWarner upgrades from key component supplier to systems solution provider , /PRNewswire/ -- BorgWarner has secured a new DCT program with a Chinese motorcycle customer, with start of production planned for the third quarter of 2027. Under the program, BorgWarner will provide a systems solution that includes dual clutches, hydraulic control modules and clutch control software for two-wheeled motorcycles and four-wheeled vehicles with engine displacement above 500 cc.
As the motorcycle industry accelerates its shift toward automatic transmissions, DCT technology is increasingly gaining attention in the market. Compared with automated manual transmission (AMT) and continuously variable transmission (CVT) technologies, DCT offers smoother shifting and higher transmission efficiency, making it particularly suitable for larger-displacement performance motorcycles.
"Passenger car transmission technology provides a strong reference point for the evolution of motorcycle automatic transmissions, and we believe automatic transmission technology will continue to gain momentum in the motorcycle market," said Henk Vanthournout, Vice President of BorgWarner Inc. and President and General Manager, Drivetrain and Morse Systems. "With our proven DCT expertise and systems integration capabilities, BorgWarner is well positioned to support our Chinese motorcycle customer in bringing its DCT solution to production and advancing automatic transmission technology for motorcycle applications."
As a global leader in DCT technology, BorgWarner has delivered nearly 10 million passenger car DCT units, backed by proven engineering expertise and mature manufacturing capabilities. Leveraging this foundation, BorgWarner is well positioned to develop and launch a dedicated motorcycle DCT system that helps enhance the riding experience and improve fuel economy.
This program reflects BorgWarner's evolution from a key component supplier to a system-level solution provider. Through an integrated offering that combines hardware and software, BorgWarner will support the customer's continued growth in China while helping enable its expansion into Europe, North America and other overseas markets.
About BorgWarner
For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. With a focus on sustainability, we're helping to build a cleaner, healthier, safer future for all.
Forward Looking Statements: This release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "guidance," "initiative," "intends," "may," "outlook," "plans," "potential," "predicts," "project," "pursue," "seek," "should," "target," "when," "will," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. Further, all statements, other than statements of historical fact, contained or incorporated by reference in this release that we expect or anticipate will or may occur in the future regarding our business strategy, goals, plans, references to future success and other such matters, are forward-looking statements. All forward-looking statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate under the circumstances. Forward-looking statements are not guarantees of performance, and the Company's actual results may differ materially from those expressed, projected or implied in or by the forward-looking statements.
You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: the possibility that our dual-clutch transmission programs will not achieve its intended benefits; the supply disruptions impacting us or our customers, commodity availability and pricing; competitive challenges from existing and new competitors, including original equipment manufacturer ("OEM") customers; the challenges associated with rapidly changing technologies, including artificial intelligence, and our ability to innovate in response; potential future changes in laws and regulations, including, by way of example, taxes and tariffs, in the countries in which we operate; potential disruptions in the global economy caused by wars or other geopolitical conflicts; our dependence on automotive and truck production, which is highly cyclical and subject to disruptions; our reliance on major OEM customers; impacts of any future strikes involving any of our OEM customers and any actions such OEM customers take in response; fluctuations in interest rates and foreign currency exchange rates; our dependence on information systems; the uncertainty of the global economic environment; the uncertainty surrounding global trade policies, including tariffs and export restrictions, and their impacts on the Company, its customers and its suppliers; the outcome of existing of any future legal proceedings, including litigation with respect to various claims, or governmental investigations, including related litigation; impacts from any potential future acquisition or disposition transaction; and the other risks discussed in reports that we file with the Securities and Exchange Commission, including in Item 1A, "Risk Factors" in our most recently-filed Annual Report on Form 10-K and/or Quarterly Report on Form 10-Q. We do not undertake any obligation to update or announce publicly any updates to or revisions to any of the forward-looking statements in this release to reflect any change in our expectations or any change in events, conditions, circumstances, or assumptions underlying the statements.
Roblox oznámí výsledky za 2. čtvrtletí 30. července; analytici čekají meziroční růst tržeb o 11 % a menší čistou ztrátu. Akcie za posledních 12 měsíců klesly o 60 %.
Roblox (RBLX -0.10%), which encourages people to build and explore their own digital worlds on its gaming platform, will report its second-quarter earnings on July 30. Analysts expect its revenue to rise 11% year over year as it narrows its net loss.
However, Roblox's stock has still declined 60% over the past 12 months. Let's see why it dropped, and if it's worth accumulating before it posts its latest earnings report.
Image source: Getty Images.
Why did Roblox's stock sink? Roblox lets its users create games with a simple block-based system that doesn't require any coding knowledge. Its developers can monetize their games with features to earn an in-game currency called Robux. Its players can directly purchase Robux on the platform.
Roblox generates most of its revenue by selling Robux to its players, but it's also building an advertising business with integrated videos and in-game metaverse ads. Roblox's simplicity made it popular among tween users, who drove most of its growth during the COVID-19 pandemic. But as the pandemic passed, it focused on gaining more older and overseas users.
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But after peaking at 152 million daily active users (DAUs) in the third quarter of 2025, Roblox's user base shrank to 144 million DAUs in the fourth quarter and 132 million DAUs in the first quarter of 2026. Its total hours engaged also dropped from 40 billion in the third quarter of 2025 to 35 million in the fourth quarter of 2025 and 31 million in the first quarter of 2026.
That ongoing decline -- which it attributed to a seasonal post-summer drop, waning interest in viral games like Brainrot, international outages and bans, and safety-related reforms -- spooked its investors. The high costs of expanding its infrastructure, upgrading its safety features to protect minors, and converting its users' Robux back to cash will also keep it unprofitable for the foreseeable future. In other words, it hasn't yet proven its business model is sustainable.
Roblox's stock isn't cheap at eight times this year's sales, and its insiders have been net sellers over the past three months. Therefore, I suspect that Roblox will disappoint the market again with sequential declines in its DAUs and engagement hours in the second quarter. While its stock might look like a tempting contrarian play after its year-long decline, I wouldn't touch it unless those key metrics move in the right direction as it stabilizes its steep losses.
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Roblox. The Motley Fool has a disclosure policy.
Nvidia a SK Group oznámily AI iniciativu za více než 500 miliard USD zaměřenou na datová centra a paměť nové generace. Součástí je dlouhodobé partnerství se SK Hynix na zajištění dodávek paměti nové generace pro Nvidia a společný vývoj HBM pro AI trénink, AI agenty a fyzické AI aplikace.
NVIDIA logo is seen in this illustration taken July 20, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesSAN FRANCISCO, July 24 (Reuters) - Nvidia (NVDA.O), opens new tab and South Korea's SK Group on Friday unveiled a more than $500 billion AI initiative spanning large-scale AI data centers and next-generation memory, Nvidia said.
The initiative includes a long-term partnership with SK Hynix (000660.KS), opens new tab to secure next-generation memory supply for Nvidia and jointly develop high-bandwidth memory for AI training, AI agents and physical AI applications.
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As part of the initiative, SK Telecom (017670.KS), opens new tab plans to build a 2-gigawatt AI data center powered by Nvidia's Vera Rubin chips and SK Hynix's HBM4 high-bandwidth memory, with the first facility due to come online in 2027, Nvidia added.
Separately, Nvidia said it, Naver (035420.KS), opens new tab and Brookfield plan to expand Naver's AI data center in South Korea.
Reporting by Stephen Nellis in San Francisco and Heekyong Yang and Jack Kim in Seoul; Editing by Chris Reese
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Visa spustila novou platformu Visa Stablecoin Platform pro finanční instituce, fintechy a kryptofirmy. Samsung zároveň předvedl funkce stablecoinů v Samsung Wallet.
Visa’s managed platform, Samsung Wallet’s USDC demonstration and Ramp’s business accounts show competition shifting from token issuance to control of banking relationships, software, settlement and distribution.
Deposit-dependent banks fear stablecoins could drain low-cost funding, while firms such as Goldman Sachs may see opportunity in trading, custody and tokenized markets. Delayed U.S. legislation and tougher global anti-money-laundering scrutiny leave the rules unresolved.
Smartphones, FinTech platforms and regional institutions could put stablecoins in front of millions of users, but consumer awareness remains low and the industry has yet to demonstrate a compelling everyday advantage over cards and bank payments.
Stablecoins spent years waiting for regulatory legitimacy. Now that legitimacy is creating a more complicated problem: almost everyone wants a piece of the business.
As a result, the biggest stablecoin news this week didn’t come from crypto-native companies. Visa launched a new Visa Stablecoin Platform (VSP) that gives financial institutions, FinTechs and crypto companies a single managed environment for minting, redeeming, holding and transferring stablecoins. Goldman Sachs’ CEO broke with parts of the banking lobby over pending crypto legislation while federal regulators confronted another implementation deadline and Samsung previewed stablecoin functionality inside its consumer wallet.
Individually, none of those developments settles the future of digital dollars. Collectively, they show that stablecoins are no longer primarily a cryptocurrency product. They are becoming a contested layer of financial infrastructure.
See also: This Week in Stablecoins: TradFi Doesn’t Want DeFi. It Wants Blockchain
The Stablecoin Stack Is Up for Grabs The week’s developments do not suggest that one company is winning. They suggest that the competitive battleground is shifting away from who issues the token and toward who controls the software, banking relationships, settlement infrastructure and consumer distribution that make digital dollars usable at scale.
That strategic tension is playing out in Washington, where a newly released draft of the text for the proposed Digital Asset Market Clarity Act is revealing a financial sector fault line of banks versus banks, with each institution assessing whether stablecoins threaten its existing economics or open a new line of business.
Goldman Sachs CEO David Solomon, for example, has reportedly expressed support for advancing the Clarity Act, despite objections from banking trade groups concerned about the treatment of stablecoin rewards and the possibility of deposits migrating outside conventional banks. Goldman became a deposit-taking institution after the 2008 financial crisis.
Institutions dependent on low-cost deposits have reason to resist stablecoin products that resemble interest-bearing accounts. PYMNTS covered how on Friday (July 17) the European Central Bank added its voice to banks in the United States in warning that widespread adoption of stablecoins could pull retail deposits out of traditional banks, weakening a critical source of funding for lending.
Firms with large trading, custody, market-making and investment-banking businesses, however, may see more upside in the expansion of tokenized finance. The central question has shifted from whether stablecoins will be legal to what kind of company can profitably operate one.
Still, Senate Majority Leader John Thune said Thursday (July 23) that he did not expect the Senate to pass crypto market structure legislation before the August recess, a significant blow to the supposed progress negotiations around the Clarity Act had spurred. At the same time, the Financial Action Task Force (FATF) is urging governments to bring decentralized finance platforms under anti-money laundering rules when developers, token holders or other identifiable parties retain meaningful control. It warned that many purportedly decentralized platforms are not as decentralized as they claim.
Read more: Banks and Credit Unions Win Crypto Trust by Explaining It First
Distribution Remains the Missing Piece and Unproven Prize Across the consumer end of the market, Samsung used its Wednesday (July 22) Galaxy Unpacked event to demonstrate stablecoin functionality inside Samsung Wallet. The interface reportedly showed USDC capabilities including sending, receiving and funding an account. The potential distribution is substantial because Samsung Wallet is already embedded in the company’s device ecosystem. But the demonstration came without a confirmed launch date or detailed rollout plan, making it a signal of intent rather than a finished consumer product.
The stablecoin industry has become adept at announcing infrastructure. It has been less successful at proving that mainstream consumers need a blockchain-based dollar for everyday domestic purchases. Existing card and bank-payment systems provide fraud protection, dispute resolution, credit and familiar rewards. Stablecoins must either reproduce those benefits or solve a problem conventional payments handle poorly.
A day earlier, on Tuesday, the financial operations platform Ramp announced it had begun offering customers stablecoin accounts and payments through a new business-focused offering.
Still, the PYMNTS Intelligence report “The Wallet Effect: How Credit Unions Can Close the Digital Currency Access Gap,” produced in collaboration with Velera, found that only 7% of credit union members said their institutions support cryptocurrency transactions, while 67% did not know whether that capability existed. Uncertainty was even greater around stablecoins, with 70% of members unsure whether their credit unions supported them.
For the quarter ended June 2026, Kinder Morgan (KMI - Free Report) reported revenue of $4.48 billion, up 10.8% over the same period last year. EPS came in at $0.37, compared to $0.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $4.29 billion, representing a surprise of +4.33%. The company delivered an EPS surprise of +19.36%, with the consensus EPS estimate being $0.31.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kinder Morgan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Realized weighted average oil price: $/73.78 versus the two-analyst average estimate of $/72.56.Realized weighted average NGL price: $/33.38 versus the two-analyst average estimate of $/35.64.Terminals - Liquids leasable capacity: 78.60 MMBBL versus the two-analyst average estimate of 78.65 MMBBL.NGL sales volumes - net: 9.8 millions of barrels of oil compared to the 9.73 millions of barrels of oil average estimate based on two analysts.CO2 sales volumes - net: 0.31 Bcf/D versus the two-analyst average estimate of 0.31 Bcf/D.Total oil production - net: 28.04 millions of barrels of oil versus 26.25 millions of barrels of oil estimated by two analysts on average.Terminals - Bulk transload tonnage: 12.90 MMTon versus 12.25 MMTon estimated by two analysts on average.Segment EBDA- Natural gas Pipelines: $1.52 billion versus $1.43 billion estimated by two analysts on average.Segment EBDA- Terminals: $310 million compared to the $293.64 million average estimate based on two analysts.Segment EBDA- Products Pipelines: $343 million versus $305.31 million estimated by two analysts on average.Segment EBDA- CO2: $226 million versus $189.27 million estimated by two analysts on average.View all Key Company Metrics for Kinder Morgan here>>>
Shares of Kinder Morgan have returned -0.7% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
, /PRNewswire/ -- The board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.55125 per share.
The company's dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term.
The quarterly dividend is payable on or before October 15, 2026, to shareholders of record at the close of business on September 25, 2026.
About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.
Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company's amount and timing of dividends payable as well as other statements containing words such as "committed to," "targets," or similar expressions.
There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; the timing or amount of dividends paid; the timing or outcome of various legal and regulatory actions; changes in the Company's business strategy; increases in capital expenditures; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE's credit ratings and outlook on such credit ratings restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the United States Securities and Exchange Commission (SEC), including our annual report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports on Form 10-Q. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov and on the Company's website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.
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In the latest trading session, Petrobras (PBR - Free Report) closed at $18.77, marking a -1.21% move from the previous day. This change lagged the S&P 500's 0.05% gain on the day. Meanwhile, the Dow experienced a rise of 0.46%, and the technology-dominated Nasdaq saw a decrease of 0.64%.
The oil and gas company's shares have seen an increase of 15.01% over the last month, surpassing the Oils-Energy sector's gain of 6.52% and the S&P 500's gain of 0.61%.
The investment community will be paying close attention to the earnings performance of Petrobras in its upcoming release. The company is slated to reveal its earnings on August 6, 2026. In that report, analysts expect Petrobras to post earnings of $1.35 per share. This would mark year-over-year growth of 110.94%. Meanwhile, our latest consensus estimate is calling for revenue of $33.44 billion, up 58.94% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.28 per share and revenue of $116.34 billion, indicating changes of +52.86% and +30.44%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Petrobras. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 9.33% downward. Petrobras is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note Petrobras's current valuation metrics, including its Forward P/E ratio of 4.44. This signifies a discount in comparison to the average Forward P/E of 8.99 for its industry.
Meanwhile, PBR's PEG ratio is currently 0.84. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. PBR's industry had an average PEG ratio of 0.67 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 235, placing it within the bottom 5% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
SpaceX v Texasu odpálila Starship při 13. testovacím letu a vypustila prvních 20 satelitů Starlink V3. Mise má ověřit raketu pro rutinní provoz do konce roku 2026.
Item 1 of 3 The Pad 2 chopsticks hoist Starship 40 at the SpaceX launch complex to stack the spacecraft atop booster 20 as preparations continue for the second attempt of the 13th test flight of the Starship spacecraft and the Super Heavy v3 booster in Starbase, Texas, U.S., July 22, 2026. REUTERS/Steve Nesius
[1/3]The Pad 2 chopsticks hoist Starship 40 at the SpaceX launch complex to stack the spacecraft atop booster 20 as preparations continue for the second attempt of the 13th test flight of the Starship... Purchase Licensing Rights, opens new tab Read more
WASHINGTON, July 24 (Reuters) - SpaceX's (SPCX.O), opens new tab Starship rocket lifted off from Texas on Friday and deployed its first 20 upgraded Starlink satellites into suborbital space, one of many testing goals in the company's 13th test mission as it races to begin routine service with the rocket by the end of the year.
The roughly 400-foot-tall (122 m) Starship rocket system blasted off around 6:50 p.m. ET from SpaceX's Starbase company town, with the Super Heavy first stage booster sending its Starship upper stage on a suborbital trajectory. The roughly hour-long mission will conclude with Starship's reentry through Earth's atmosphere and a splashdown in the Indian Ocean.
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As Starship approached 16,400 miles per hour (26,400 kph) in space some 10 minutes into its flight, the Super Heavy booster returned to Earth and impacted the Gulf of Mexico harder than expected, SpaceX said, though it had reignited more engines than its botched return in May during a previous test flight.
The Starship test flight is SpaceX's 13th since 2023, featuring a new version of the rocket crucial to the company's plans to expand Starlink, land humans on the moon for NASA and eventually deploy thousands of artificial intelligence-processing satellites in orbit.
Twenty minutes into its spaceflight, Starship began deploying 20 Starlink V3 satellites, dispensing them one by one via the ship's "Pez"-like payload deployment. Flying over a shadowed Earth, thunderstorms with flashes of lightning were visible in the background 118 miles (190 km) below, according to a camera fixed to the rocket and streamed live by SpaceX.
A crowd of SpaceX engineers in SpaceX's Hawthorne, California, facilities could be heard on the live stream cheering at the rocket's mission milestones, at one point chanting "USA."
While in space, the Starlink satellites — a new "V3" version with greater bandwidth capabilities — will deploy solar arrays and antennae to briefly connect with SpaceX's Starlink network of some 10,000 satellites orbiting above.
The Starlinks are the first to be deployed by Starship, though they will follow the ship's suborbital trajectory into Earth's atmosphere and burn up.
Some of them have spotlights and cameras that will record Starship's heat shield as it hits intense atmospheric friction later in the mission, giving SpaceX key testing insight into how well the rocket survives its return from space.
SpaceX plans to use Starship by the end of 2026 to begin launching thousands of Starlink V3 satellites, expanding the constellation's capacity to be able to connect directly to mobile devices such as cell phones. The current network only connects to Starlink-branded dishes.
Reporting by Joey Roulette; Editing by Chris Reese
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Joey Roulette is a space reporter for Reuters covering the business and politics of the global space industry, often focusing on space power competition and how commercial interests intersect with international relations. He was part of a team that won the 2024 Pulitzer Prize in national reporting for Reuters' coverage of Elon Musk's business empire. On the space beat for roughly a decade, Joey previously worked for the New York Times, the Verge, and various publications in Florida.
Oracle spadla na nové 52týdenní minimum 114,75 USD, zatímco průměrný cenový cíl analytiků zůstává kolem 248 USD. Trh ale řeší hlavně vysoké kapitálové výdaje a záporný volný peněžní tok 23,7 miliardy USD ve fiskálním roce 2026.
Six weeks ago, Oracle (ORCL -4.27%) management guided for about $8.05 in non-GAAP (adjusted) earnings per share this fiscal year. As of this writing, the stock trades around $117 -- less than 15 times that figure, after setting a new 52-week low of $114.75 on Friday. A multiple like that is usually reserved for mature software companies whose growth is ending, not for a business that just guided for revenue growth of about 34%.
However, the analysts covering the software and cloud computing giant haven't followed the stock's price all the way down. The average price target on Oracle sits at about $248, more than double the current share price of about $117.
To be clear, an average price target isn't an investment case, and I wouldn't buy any stock because of one. But a gap this wide is worth understanding. Each side of it is pricing a different answer to the same question: Will Oracle's enormous backlog of AI (artificial intelligence) contracts convert into cash before the cost of building for it damages the company?
Image source: The Motley Fool.
What the market has stopped paying for The selling has been relentless. Oracle shares have fallen about 66% from their high of $345.72, and the pressure traces back to spending.
Oracle's capital expenditures reached $55.7 billion in fiscal 2026 (the year ended May 31, 2026), most of it going into data centers for its cloud infrastructure business. Operating cash flow rose 54% to a record $32 billion, and the build-out consumed all of it. Free cash flow for the year came in at a negative $23.7 billion.
The bill has started arriving in other forms, too. S&P Global Ratings cut Oracle's credit rating to BBB- earlier this month, one notch above junk status, citing the cost of the build-out. And Oracle has said it expects to raise $40 billion through debt and equity financing this fiscal year, including a $20 billion share sale that will dilute existing shareholders.
When a company is burning more than $20 billion of cash a year, the market stops valuing its earnings and starts scrutinizing its balance sheet. A forward multiple below 15 says the market is worried about more than the durability of growth -- but also the risks presented by a deteriorating balance sheet.
What the analysts are still counting The other side of the argument is the business itself, which keeps performing. Fiscal 2026 revenue rose 17% year over year to $67.4 billion, and growth roughly doubled over the course of the year, with fiscal fourth-quarter revenue up 21%. Even more striking, Oracle's cloud infrastructure revenue (the business that rents computing capacity to AI customers) grew 77% for the full year and 93% year over year in fiscal Q4, reaching $5.8 billion for the quarter.
Profits kept up, too. Fiscal 2026 earnings per share came in at $5.83 under generally accepted accounting principles (GAAP), up 34%, though one-time gains on the Ampere chip-business sale and Bloom Energy warrants did much of that lifting -- excluding them, adjusted earnings per share rose 13%.
Then there's the backlog. Remaining performance obligations (Oracle's signed contract value that hasn't yet become revenue) finished fiscal 2026 at $638 billion after growing $85 billion in the final quarter. The prepaid and customer-supplied hardware portions of Oracle's large AI contracts now total about $75 billion -- customers paying for their graphics processing units (GPUs) up front or supplying the chips themselves, which moves part of the spending burden onto the customers.
If most of that backlog converts on schedule, the math behind a $248 target isn't hard to follow. Management's forecast calls for about $90 billion of revenue this fiscal year, or growth of about 34%. Growth like that, at less than 15 times guided earnings, is exactly what the covering analysts are pointing at.
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So whose number is closer to the truth? Probably neither, fully. The market is treating guidance backed by signed contracts as if it were speculative. And the analysts are extrapolating a backlog whose single largest customer is itself an unprofitable AI company. It's also worth remembering that a price target costs its publisher nothing.
My own answer is that I don't need to pick a side yet. The stock is arguably cheap against guidance, but the cash burn is enormous, and the next few quarters will show whether free cash flow is finding a floor while the backlog converts into revenue. That evidence, not the distance to a price target, is what could get me to buy.
Until it shows up, I'm staying on the sidelines. And I'd suggest investors who do buy this dip keep the position small. After all, shares have been beaten down for a reason.
Interactive Brokers v posledním čtvrtletí vykázal předzdanovou marži 77 % a už sedm čtvrtletí po sobě drží předzdanovou marži nad 70 %. Počet účtů vzrostl meziročně o 34 % na 5,19 milionu.
Interactive Brokers (IBKR -0.05%) keeps setting records in the financial asset trading space. The online brokerage catering to global traders posted a pre-tax profit margin of 77% in its latest quarterly earnings, marking seven straight quarters with a bottom-line margin above 70%.
This makes it one of the most profitable companies in the world in relation to profit margins, which is why it now has a market cap of $155 billion. Here's the magic behind these absurd margins, and whether it makes the stock a buy right now.
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Automated brokerage for global traders Stock trading is now almost entirely digital worldwide. For Interactive Brokers -- otherwise known as IBKR -- this has been a tailwind, as it is one of the best platforms for connecting global traders. Through decades of technology and regulatory investments, IBKR can connect investors who want to buy stocks, bonds, and foreign currencies in 170 markets worldwide.
When an individual or a hedge fund in the United States wants to buy stocks in Japan, the easiest way is to use IBKR. The same can be said for someone in Japan who wants to invest directly in the United States. This better customer value proposition has people switching over their trading to IBKR, with customer accounts up 34% to 5.19 million at the end of last quarter.
With only 3,000 employees globally, compared to sometimes 10 times that number at competing stock brokerages, IBKR has remained highly efficient in spending to scale profits quickly across its digital trading platform. This is why the business has enjoyed extreme operating leverage in recent years, hitting 77% last quarter. A ceiling of 100% limits how much more leverage IBKR can achieve in its operations, but its discipline on employee count should lead to even greater margin expansion in the years ahead if it can keep growing total customer accounts.
Image source: Getty Images.
The rub on IBKR's margin, and whether it is a buy today One area where IBKR has seen a boost to its business in the last few years is net interest income. With the Federal Reserve raising interest rates, the company was able to charge customers more on margin loans and credit balances, as well as with idle cash on its balance sheet. Net interest income grew 23% to $1 billion last quarter, and is actually the largest revenue segment for the business.
This may reverse in a falling interest rate environment, which will affect IBKR's growth and pre-tax profit margin. However, it doesn't change the fact that IBKR is one of the most efficiently run growth businesses in the world.
But is the stock cheap? Today, IBKR trades at a price-to-earnings ratio (P/E) of 36, one of its highest levels in years, driven by a recent acceleration in customer account growth. I think the stock will likely do well over the long term. It is just hard to argue that IBKR is a screaming buy right now, due to this high P/E ratio.
Brett Schafer has positions in Interactive Brokers Group. The Motley Fool has positions in and recommends Interactive Brokers Group. The Motley Fool recommends the following options: long January 2027 $43.75 calls on Interactive Brokers Group and short January 2027 $46.25 calls on Interactive Brokers Group. The Motley Fool has a disclosure policy.
In the latest close session, Archrock Inc. (AROC - Free Report) was down 5.86% at $36.14. The stock fell short of the S&P 500, which registered a gain of 0.05% for the day. Meanwhile, the Dow experienced a rise of 0.46%, and the technology-dominated Nasdaq saw a decrease of 0.64%.
The stock of natural gas compression services business has fallen by 7.27% in the past month, lagging the Oils-Energy sector's gain of 6.52% and the S&P 500's gain of 0.61%.
The upcoming earnings release of Archrock Inc. will be of great interest to investors. The company's earnings report is expected on August 4, 2026. The company's earnings per share (EPS) are projected to be $0.46, reflecting a 17.95% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $390.4 million, up 1.89% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.9 per share and a revenue of $1.55 billion, indicating changes of 0% and +4.19%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Archrock Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Archrock Inc. boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Archrock Inc. is currently exchanging hands at a Forward P/E ratio of 20.17. This signifies a discount in comparison to the average Forward P/E of 24.8 for its industry.
We can additionally observe that AROC currently boasts a PEG ratio of 1.68. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Field Services was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 95, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
HSBC zahájila pokrytí SpaceX s doporučením Hold a cílovou cenou 115 USD, což podle ní znamená jen malý prostor pro růst. Banka říká, že „Musk premium“ je už v ceně.
Investors betting on SpaceX SPCX shares are buying into more than just reusable orbital rockets and a global satellite internet network – they are purchasing a ticket to the visionary leadership of Elon Musk.
However, according to a recent analysis from HSBC, that celebrated “Musk factor” may already be fully priced into the equity.
Analysts at the bank initiated coverage on the aerospace pioneer with a Hold rating and a $115 target price, indicating absence of any meaningful upside from current levels.
Note that SpaceX stock has been in a sharp downtrend in recent weeks. At writing, it’s trading even below its IPO price of $135.
Standard financial formulas used for traditional conglomerates, SPACs, or biotech firms simply fail to reflect how the market rates elite founders who reshape global industries.
To capture this reality, HSBC departed from classic metrics and built a custom sum-of-the-parts model featuring a 2x “innovation premium”.
The benchmark for this multiplier was drawn directly from Tesla’s first decade on public markets, leveraging Musk’s established track record in disruptive manufacturing and commercial deployment.
The bank noted that while analysts often apply holding company discounts, special founder premiums are warranted when leaders consistently upend whole sectors.
Yet even with this generous multiplier factored in, HSBC concludes that current market prices leave very little room for short-term upside on SPCX shares.
The core takeaway from HSBC’s base-case framework is that today’s market valuation already anticipates seamless execution across SpaceX’s main business pillars.
Investors have fully embedded expectations for Starlink's expanding global subscriber footprint, high-frequency Falcon launch manifests, and early-stage spatial artificial intelligence initiatives.
However, the report cautions that for SpaceX shares to breach higher territory, the company must overdeliver; HSBC did outline an optimistic “blue sky” scenario valuation of $293 per share.
But achieving it requires aggressive operational milestones: commercial viability for the next-generation Starship rocket by 2027, doubling overall launch throughput relative to base estimates, extracting significantly higher average revenue per user (ARPU) from Starlink, and securing top-tier software multiples for its internal AI infrastructure.
While long-term bulls point to that $293 optimistic view, short-term realities on the trading floor reflect heightened scrutiny.
SPCX stock has faced headwinds following technical delays around its pivotal 13th Starship test flight and market anxiety over massive insider share unlock periods approaching in August.
While institutional backers continue to view Starship as the key to unlocking exponential payload scale, HSBC’s balanced stance highlights that execution risks cannot be ignored.
Until SpaceX consistently proves out Starship's full orbital reusability and commercial monetization, the stock appears bound to its fundamental trajectory, leaving the famous Musk premium firmly baked into the price for now.
At 6:45 p.m. ET tonight, SpaceX (SPCX -2.85%) gets a third try at its most consequential launch as a public company. Starship Flight 13 has a 90-minute window to lift off from the company's Starbase site in Texas, carrying the first 20 next-generation Starlink V3 satellites.
"Some of the engines didn't start, triggering an automatic launch abort," CEO Elon Musk wrote on X after the first attempt on July 16. SpaceX swapped out engines, and then weather postponed the second try on Thursday.
The stock could use the win. Shares sit at about $112 as of this writing, roughly 1% above their all-time low of $110.85 and well below the $135 price from June's initial public offering (IPO).
Image source: The White House.
What tonight actually decides is the timeline of Starlink's next capacity leap. Each V3 satellite is designed to deliver about 1 terabit per second of downlink capacity, roughly 10 times what the current generation of satellites provides. A full Starship load of about 60 of them would add roughly 60 terabits per second to the network, about 20 times what a Falcon 9 launch delivers today. That capacity is what lets a satellite network sell faster service to more subscribers without congestion. It's the foundation of the company's plan to turn Starlink into a gigabit-speed internet provider.
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The satellites can only ride on Starship, though, and Starship has kept them grounded for eight days now. The 20 satellites aboard are a deployment test: They will extend their solar arrays and antennas and attempt to connect with the larger Starlink constellation. Until that demonstration works, the V3 capacity ramp stays theoretical.
A successful flight tonight won't settle the argument over the stock, which still carries a market value near $1.5 trillion against a business that loses money. The next major financial update arrives Aug. 4, when SpaceX is scheduled to report its first quarterly results as a public company. But a clean deployment would show the next generation of the company's biggest product working in space before those numbers land. After six weeks of nearly uninterrupted decline, that would count as the first hard piece of good news this stock has had.
Daniel Sparks and his clients do not have positions in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Tesla klesla za týden o 18 % po slabších výsledcích ve 2. čtvrtletí, což byl její nejhorší týdenní propad od roku 2022. SpaceX před testem Starship V3 ztratila za pět dní 7,2 %.
Tesla shares plunged 18% during the week to close at $313.03 on Friday, their worst weekly slump since 2022. And SpaceX continued its downward slide, dropping 7.2% over five days to close at $115.07 Friday, its lowest since the company's record IPO last month.
The declines in both stocks wiped away about $130 billion of Musk's wealth, weeks after he'd become the world's first trillionaire. In a post on X on Friday, Musk wrote, "(Former) trillionaire."
Tesla's slump was spurred by weaker-than-expected earnings when the electric vehicle maker reported second-quarter results late Wednesday. The company turned cash flow negative due to a surge in spending on futuristic projects like robotaxis, humanoid robots and a giant chip fab.
"We expect this to pressure free cash flow and delay earnings growth, without providing any near-term shareholder return," wrote analysts at Argus Research, which has a hold rating on the stock, in a report on Friday. "We believe it will be nearly impossible for Tesla to generate any consistency in profit growth in the near-term."
Tesla's stock is now down 30% for the year, by far the worst performer among tech's megacaps.
Read more CNBC tech newsMoonshot AI accessed Nvidia's chips despite Chinese export ban, White House official saysAlphabet and Tesla test Wall Street's patience as AI spending overshadows growthAlphabet earnings takeaways: Q2 revenue beats, GOOGL stock sinks on 2026 capex hikeTesla misses on earnings, as free cash flow turns negative and margins slideMeanwhile, SpaceX's stock has been on a steady downward trajectory over the past month following an initial pop when the company went public. The shares have dropped for four of the past five weeks and are about 43% off their peak close on June 16.
On Friday evening, SpaceX will again attempt the 13th test flight of Starship, the largest rocket ever built or flown. The company plans to fly the new version of the rocket, Starship V3, from its company town and launch facility in Starbase, Texas. The rocket is designed to be fully reusable and is considered crucial for SpaceX's near-term aims to vastly grow its Starlink satellite network.
In a post on X, which is owned by SpaceX, the company said it delayed the test flight planned for Thursday "due to weather." SpaceX previously scrubbed a test flight last week, after the rocket's booster triggered a hold, which "shut down the engines right as they were starting to ignite," a SpaceX employee said during a livestream of the event.
A successful launch of Starship V3, an upgraded version of its roughly 400-foot-tall rocket, would be the first since the company's IPO.
SpaceX plans to use Starship to bring U.S. astronauts back to the Moon's surface, and Musk wants the rocket to eventually run manned missions to Mars.
Musk made a public appearance this week, sitting down for what turned out to be a contentious interview with The Economist.
Zanny Minton Beddoes, editor-in-chief of the publication, asked Musk about his support for "not just the populist right, but the far right, in fact very fringe parties in some countries."
In addition to his financial and vocal support for President Donald Trump, including his work for the second administration, Musk has endorsed Germany's AfD, an extreme anti-immigrant party, as well as the UK's Restore Britain, founded by Rupert Lowe, who also calls to "reverse mass migration."
"It's just normal people!" Musk said in response. He berated Beddoes and "the traditional media" for an "absurd characterization of the far right."
Image Credits:Eric Thayer/Los Angeles Times / Getty Images Waymo is reportedly looking for a way out of its deal with Uber, which has made the Alphabet-owned company’s robotaxis available on the ride-hailing giant’s network in Austin and Atlanta, according to the Financial Times.
Waymo already told Uber that it intends to offer robotaxis on its own app in those markets starting in January 2028 and alongside the existing offering, the ride-hail giant told TechCrunch on Friday. Uber said the contract with Waymo that covers Austin and Atlanta ends in May 2028. The two companies already split in Phoenix earlier this year, as TechCrunch first reported.
Waymo didn’t immediately respond to a request for comment.
This all follows months of rising tensions between Waymo and Uber. Earlier this year, Uber CTO Praveen Neppalli posted a video of what he thought was unsafe and “scary” behavior of a Waymo robotaxi. In May, Uber CEO Dara Khosrowshahi lightly criticized the behavior of Waymo’s robotaxis in school zones and emergency situations during an earnings call, though without naming the company.
Waymo, meanwhile, has wound up opposite Uber in a number of fresh policy fights over robotaxi regulations.
Amazon zavírá své sanfranciské pracoviště AGI v rámci letošních propouštění, ale výzkum frontier modelů pokračuje. Novinka Nova Act zůstává dostupná na AWS.
by Todd Bishop on Jul 24, 2026 at 12:46 pmJuly 24, 2026 at 12:49 pm
GeekWire File Photo Amazon is closing its San Francisco AGI site as part of the layoffs it made this week in its artificial general intelligence organization, but said its frontier model research lab will continue.
A company spokesperson confirmed the news of the site closure, which was first reported by The Information. Amazon’s frontier model research work will carry on under Pieter Abbeel, a UC Berkeley professor who joined Amazon in 2024 when the company licensed the technology and hired the team from Covariant, the robotics startup he co-founded.
The AGI Lab was founded in December 2024 and initially built around several dozen employees Amazon brought in from the startup Adept, including its co-founder and CEO David Luan.
The team grew to about 80 people at its peak, according to The Information, but more than a dozen of the Adept hires have since left, Luan among them. Earlier this week, Amazon confirmed it was cutting an unspecified number of jobs across the broader AGI organization.
Impacted employees will have the chance to explore other roles at Amazon, the spokesperson said, and the company is supporting them through that process.
Nova Act, the browser-agent model and service that came out of the group, remains available on AWS and in use by customers. More broadly, AWS has continued to build out its agentic AI lineup, including Bedrock AgentCore and applications like Kiro, Quick, Continuum and Transform.
The moves come as Amazon invests heavily in helping customers deploy AI, including a $1 billion AWS effort to embed engineers with businesses building AI agents. The initiative reflects an expanded industry focus toward putting agents and models to better use for customers.
Previous Story‘The Odyssey’ isn’t on IMAX 70mm in Seattle — is it worth a journey for the summer’s biggest film?
Boeing uzavřel 1. čtvrtletí s rekordním backlogem 695 miliard USD a tržby meziročně vzrostly o 14 % na 22,217 miliardy USD. FAA navíc 23. července obnovila jeho oprávnění vydávat konečné certifikace pro 737 MAX a 787.
Boeing (NYSE:BA | BA Price Prediction) enters its July 28 Q2 earnings report with a decade of revenue visibility with a market cap that’s less than a quarter of the price of the total order book. With deliveries rising, debt falling, and defense revenue accelerating, Boeing is showing meaningful progress in its turnaround.
Boeing’s Backlog Is 4x Larger Than Its Market Cap Boeing closed Q1 2026 with a record $695 billion backlog and currently sports a market cap of $164.48 billion. First-quarter revenue grew 14% year over year to $22.217 billion, commercial deliveries climbed to 143 aircraft from 130, and management paid down $6.95 billion of debt in the quarter, taking total debt from $54.1 billion to $47.2 billion.
The Defense Boom Is Already Showing Up in Boeing’s Results The FY2027 Department of War budget totals roughly $1.45 trillion, a 42% annual increase with 26% growth in air power funding. Boeing is already scaling into it: Patriot missile seeker production rises to 850 units in 2026 from 650 last year and 400 two years ago.
Defense, Space & Security revenue jumped 21% to $7.599 billion with operating earnings up 50% to $233 million. On July 23, the FAA restored Boeing’s authority to issue final airworthiness certifications for the 737 MAX and 787, removing a multi-year overhang.
Boeing Has a Bigger Order Book Than Lockheed Martin and RTX Combined Lockheed Martin (NYSE:LMT) and RTX Corporation (NYSE:RTX) posted strong quarters, with Lockheed up 10% and RTX up 7%, but their order books are a fraction of Boeing’s. Lockheed reports a $230 billion backlog and RTX $289 billion, versus Boeing’s $695 billion.
Analysts’ consensus price target on $BA sits at $270.08 against the stock’s current share price of $209.23, with 21 buy ratings versus one sell.
The Bottom Line: Boeing’s Turnaround Has Become Measurable Boeing’s Q2 2026 earnings report is due July 28, with the Street modeling a loss of 34 cents per share on $24.05 billion of revenue. The Q1 core loss already narrowed from $0.49 to $0.20, Director Bradley Tilden bought 1,370 shares at $218.50 in May, and prediction markets price the earnings beat at 64% with a crowd that has been 100% correct on prior BA markets. The July 28 earnings report is the next catalyst that could let Boeing’s backlog thesis compound.
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Verizon uzavřel s Googlem AI infrastrukturu za více než 1 miliardu USD a čeká další podobné dohody do konce roku. Firma z nich očekává v příštích letech „několik miliard dolarů“ výnosů.
Verizon signed an over $1 billion artificial intelligence (AI) infrastructure deal with Google, and the company expects to sign several similar deals by the end of the year, Verizon CEO Dan Schulman said Friday (July 24) during a second quarter earnings call.
In the recently signed agreement, Verizon dark fiber will be used to connect Google’s data centers. In the other deals that the company expects to announce by year’s end, Verizon will earn “multiple billions of dollars in revenue” over the next several years, Schulman said.
“These are long-duration, high-quality contracted revenue streams from some of the most demanding infrastructure customers in the world,” Schulman said.
“We believe that this is just the beginning,” Schulman added. “The build-out of AI infrastructure across the United States is one of the largest capital cycles of our lifetime.”
Verizon is uniquely positioned to participate in this build-out because it owns an extensive long-haul and metro fiber footprint and it has built the carrier-grade, low-latency, highly resilient transport network that hyperscalers need to connect compute, models and regions, Schulman said.
The company has also begun retrofitting many of its central offices into data centers for inference edgecomputing, and it is already talking with multiple partners who are eager to use these power-ready and permitted locations, he said.
“We are moving quickly to expand our TAM [total addressable market] in the rapidly growing AI infrastructure market,” Schulman said. “The agreements we have signed are the leading edge of a strategy that will become a meaningful, incremental leg of growth for Verizon.”
Verizon announced in a January 2025 press release that it launched a strategy and suite of products and solutions called Verizon AI Connect that is designed to serve hyperscalers, cloud providers and global enterprises by managing AI resource-intensive workloads.
The company said at the time that Google Cloud and Meta were among the early adopters of these solutions.
In a Friday earnings release, Schulman said: “Our core connectivity business is gaining momentum, and with the emergence of AI infrastructure revenue, we are fundamentally reshaping Verizon’s growth trajectory.”
PYMNTS reported Wednesday that during Google parent company Alphabet’s second-quarter earnings call, the company announced that it had raised its 2026 capital spending forecast from the previous $180 billion to $190 billion to the new forecast of $195 billion to $205 billion.
Bristol Myers Squibb má výnos z dividendy 4,1 % a podle odhadů ji letos pokryjí zisk 2,5× a volný cash flow více než dvojnásobně. Rizikem je patentový útes: Eliquis a Opdivo mohou čelit generikům do roku 2028.
When dividend yields start to creep up, it's worth taking a closer look for any potential warning signs. Bristol Myers Squibb (BMY +0.94%) is a leading pharmaceutical company and has been a high-yield dividend stock for some time. Shares have averaged a dividend yield of 3.4% over the past decade.
However, that yield has been abnormally high for most of the past two years. The stock yields 4.1% today, and it's been as high as 6% over the past 24 months. Is the dividend simply too good to be true at this point?
My take is that the dividend is fine right now, but that you'll also need to watch out for potential hurdles as key drugs lose patent exclusivity over the next few years.
Image source: The Motley Fool.
The financials back up Bristol Myers Squibb's juicy dividend for now There's a famous expression that money talks. Examining the financials is the best way to check whether a company can actually afford its dividend. Bristol Myers Squibb pays a quarterly dividend totaling $2.52 per share for the year. Wall Street analysts estimate that it will earn $6.34 per share this year, enough to cover the dividend 2.5 times over.
If you're not satisfied, you can double-check this by looking at free cash flow, since dividends are technically a cash expense. Bristol Myers Squibb has generated $5.83 per share in free cash flow over the past year, covering the dividend more than twice over. From a numbers standpoint, the company can genuinely afford its dividend, and quite easily. The near-term risk of a cut seems pretty low.
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Keep an eye on how the drugmaker navigates a looming patent cliff The coast isn't quite clear, though. Patents for some of Bristol Myers Squibb's top-selling drugs will expire over the next few years. As those patents expire, generics will flood the market at low prices, and sales for those branded drugs will crater. It's a normal part of a drug's lifecycle and happens all the time in the pharmaceutical business.
This situation is called a patent cliff, and Bristol Myers Squibb faces a pretty steep one. Eliquis and Opdivo could both face generic competition by 2028 -- and the two drugs combined for over $6.1 billion in sales last year, roughly half of the company's total revenue. Not all is lost, though: Even after the patents expire, branded sales won't go to zero overnight. Additionally, the company has a strong pipeline, and its growth portfolio of newer drugs is steadily taking the baton.
The market perceives Bristol Myers Squibb as a riskier stock these days, and that's not necessarily wrong. Fortunately, the dividend has lots of breathing room, and there's growth from newer drugs on the way. I could see management scaling back dividend growth, perhaps issuing smaller raises to conserve cash while the company navigates these sensitive years. But barring catastrophic failure, I think you can reasonably trust the stock's 4.1% yield now and in the future.
Skyworks očekává ve 3. fiskálním čtvrtletí tržby 900–950 mil. USD a non-GAAP EPS 1,03 USD uprostřed odhadu. Mobilní tržby mají mezikvartálně klesnout o nízké jednotky procent.
Key Takeaways Skyworks expects Q3 revenues of $900M-$950M and non-GAAP EPS of $1.03 at the midpoint.Mobile revenues may decline by low single digits sequentially, indicating normal seasonal weakness.Broad Markets should rise modestly, reach 43% of sales and grow high single digits year over year. Skyworks Solutions (SWKS - Free Report) is slated to release third-quarter fiscal 2026 results on July 28.
For the third quarter of fiscal 2026, the company expects non-GAAP earnings of $1.03 per share at the midpoint of the projected revenue range of $900-$950 million.
The Zacks Consensus Estimate for earnings has remained steady at $1.03 per share in the past 30 days. The projection indicates a 22.56% decrease from the figure reported in the year-ago quarter.
The consensus mark for third-quarter fiscal 2026 revenues is pegged at $922.08 million, indicating a 4.45% year-over-year decline.
Skyworks’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.31%.
Let us see how things have shaped up prior to the announcement.
Factors Likely to Have Influenced SWKS’ Q3 PerformanceSWKS’ third-quarter fiscal 2026 performance is expected to have suffered from seasonal weakness in the mobile business. Management anticipates a low single-digit sequential decline in mobile revenues, consistent with normal seasonality, which could weigh on overall results, given mobile’s significant share of total revenues. However, management remains optimistic due to healthy sell-through at key customers, strong execution on new product launches and increasing RF complexity driven by artificial intelligence (AI) workloads.
The company is expected to benefit from its recently secured multigenerational Android design win, which is projected to generate more than $1 billion in revenues through 2030, reinforcing its position in premium AI-enabled smartphones. The quarter is also likely to have benefited from healthy customer demand, book-to-bill above 1, lean channel inventories and resilient demand for premium high-complexity mobile solutions, supporting the company’s revenue performance.
The company’s third-quarter fiscal 2026 performance is expected to benefit from continued strength in broad markets, particularly in WiFi, data center and automotive segments. The company reported nine consecutive quarters of growth in broad markets, with these three engines collectively growing 30% year over year and accounting for nearly two-thirds of the broad markets business. Broad markets are projected to be up modestly sequentially, representing 43% of sales and up high single digits year over year.
SWKS’ ongoing product innovation is set to drive growth. The company introduced new BAW filters targeting early 6G FR3 spectrum and next-generation RF front-end solutions supporting frequencies above 7 gigahertz. SWKS expanded its timing portfolio with new clock buffers for data center, wireless infrastructure and PCIe Gen 7 applications. These innovations position SWKS to capture opportunities in emerging technology cycles, such as 6G and WiFi 8, and to meet the increasing complexity and performance demands of AI-driven workloads.
For the fiscal third quarter of 2026, gross margin is projected to remain flat at approximately 44.5-45.5%, reflecting seasonally lower volume and higher input costs. In the second quarter of fiscal 2026, gross profit was $425 million, translating to a gross margin of 45%, which management said aligned with the midpoint of guidance. However, on a year-over-year basis, gross margin contracted 160 basis points.
What Our Model SaysPer the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the exact case here.
Skyworks has an Earnings ESP of +0.12% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Other Stocks to ConsiderHere are some companies worth considering, as our model shows that these have the right combination of elements to beat earnings in their upcoming releases.
Amphenol (APH - Free Report) has an Earnings ESP of +1.12% and a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Amphenol shares have gained 16.5% year to date. Amphenol is scheduled to report its second-quarter 2026 results on July 29.
ASE Technology (ASX - Free Report) has an Earnings ESP of +21.21% and a Zacks Rank #2.
ASE Technology shares have surged 145.1% year to date. ASE Technology is set to report its second-quarter 2026 results on July 30.
Fortive (FTV - Free Report) has an Earnings ESP of +2.82% and a Zacks Rank #2 at present.
Fortive shares have gained 9.8% in the year-to-date period. Fortive is set to report its second-quarter 2026 results on July 29.
Devon Energy zvažuje prodej břidlicových aktiv Eagle Ford a Powder River za více než 4 miliardy USD. Firma je chce odprodat kvůli tlaku investorů na soustředění na Permian Basin.
A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick Oxford - TM3EB9F0WO901 Purchase Licensing Rights, opens new tab
CompaniesJuly 24 (Reuters) - U.S. oil and gas producer Devon Energy (DVN.N), opens new tab is weighing a potential sale of its Eagle Ford and Powder River shale assets that could fetch more than $4 billion, Bloomberg News reported on Friday, citing people familiar with the matter.
The potential divestment comes amid continued investor pressure on Devon to streamline its portfolio and focus on its core Permian Basin operations following its recent merger with Coterra Energy, with some shareholders urging faster asset sales.
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The report said Devon is expected to outline a strategic review of the assets when it reports earnings in early August, though it could still opt to retain the properties and no final decision has been made.
The assets are located in South Texas and Wyoming, respectively, and are considered non-core to Devon's Permian-focused strategy, the report said.
US shale producers have been selling assets to pay down debt following a consolidation wave totaling more than $450 billion in deals since the start of 2023, according to the report.
Devon Energy did not immediately respond to Reuters request for comment.
Reporting by Varun Sahay in Bengaluru; Editing by Shailesh Kuber
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Na Lucid Group byla podána hromadná žaloba kvůli údajným zavádějícím tvrzením o výrobě a dodávkách v období od 25. února 2026 do 13. dubna 2026. Akcie po zprávách v prvních dvou obchodních seancích klesly o 1,13 USD na akcii, tedy o 11,35 %, na 8,83 USD.
New York, New York--(Newsfile Corp. - July 24, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Lucid Group, Inc. ("Lucid" or the "Company") (NASDAQ: LCID) on behalf of investors that purchased or otherwise acquired Lucid Group securities between February 25, 2026 and April 13, 2026 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you are an investor in Lucid and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than July 28, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On Friday April 3, 2026, at the close of the market, Lucid issued in a press release stating that the Company "produced 5,500 vehicles" during the first quarter of 2026, while only "deliver[ing] 3,093 vehicles." The press release further stated that "[d]uring the quarter, deliveries of the Lucid Gravity were disrupted for 29 days due to a supplier quality issue with the second-row seats" and, "[a]s result of this, the [C]ompany's ability to meet customer demand was impacted." That same day, Reuters published an article entitled "Lucid misses first-quarter vehicle delivery estimates on supplier disruptions." According to the article Chief Executive Officer Marc Winterhoff, said "[d]eliveries were particularly hit in February" when the Company "paused to reverse the change and inspect vehicles already produced."
In the first two trading sessions following the news, the price of Lucid shares declined by $1.13 per share, or 11.35%, to close at $8.83 per share on April 7, 2026.
Then, on April 14, 2026, Lucid announced preliminary first quarter 2026 financial results, including revenue in the range of $280 million to $284 million, well below the consensus estimate of $433.8 million according to the complaint, and loss from operations in the range of $985 million to $1.005 billion.
Following this news, the price of Lucid stock fell $0.44 per share, or 4.76%, to close at $8.80 per share on April 14, 2026.
The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (ii) the foregoing was likely to, and did, have a material negative impact on the Company's business and financial results; (iii) accordingly, the Defendants had overstated the purported enhancements to Lucid's manufacturing and delivery capabilities and overall operations; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times.
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Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.
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Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
Paramount Skydance souhlasila s pozastavením mega-fúze s Warner Bros. Discovery až na pět dní po rozhodnutí v antimonopolních sporech, nebo nejpozději do 1. června 2027, podle toho, co nastane dříve. Akcie Paramountu po zprávě klesly o 3,3 % a WBD o zhruba 0,7 %.
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Paramount Skydance CEO David Ellison is waiting longer to land Warner Bros. Discovery. Gilbert Flores/Variety via Getty Images; Mario Tama/Getty Images Paramount Skydance has agreed to pause its mega-merger with Warner Bros. Discovery until five days after the antitrust cases are ruled on, or until June 1, 2027, whichever comes sooner, the company said on Friday.
Paramount is facing an antitrust lawsuit from 12 US states and a legal challenge from the Writers Guild of America.
This decision means Paramount will almost certainly head to court to defend its deal to acquire WBD, unless settlements are reached. That will likely mean a delay of months.
David Ellison's media company had been hoping to close its WBD deal by mid-July. Paramount has agreed to pay WBD shareholders a so-called "ticking fee" of about $7 million each day the deal doesn't close, starting after September 30. Paramount lawyer Jeffrey Kessler told the judge in a hearing that the company "would suffer very severe harm" if it had to pay the ticking fee, which is $650 million per quarter.
Some of the 12 Paramount employees Business Insider talked to earlier this week said they were worried about what a delay in the WBD deal would mean for the company's financial health.
"I'm definitely worried about impending layoffs post-merger," one Paramount worker said. "But I'm worried about the company as a whole if it doesn't go through."
A Paramount spokesperson said in a statement that this agreement "is the fastest and clearest way to prove that this transaction is good for competition, good for consumers, and good for creators, a conclusion dozens of competition authorities around the world have already reached."
Paramount's WBD deal has received approval from the US Department of Justice, the European Union, and other global regulators.
Forrester research director Mike Proulx said Paramount's WBD deal "just got longer, messier, and likely more expensive."
"I'm not sure how Paramount can frame this as a win when the deal just became more uncertain than it was 24 hours ago," Proulx said. "The timeline is now out of Paramount's control."
Shares of Paramount and WBD each fell on the news. Paramount's stock finished the day down 3.3% while WBD shares slid about 0.7%.
'Tired of mergers and chaos'The states suing to stop Paramount's WBD acquisition said the deal raised antitrust concerns in three markets: wide-release film distribution, big-budget movie distribution, and cable network licensing.
With WBD, Paramount would control two top film studios in Paramount Pictures and Warner Bros. Studios; TV networks like HBO, CBS, and CNN; and streaming services Paramount+, Pluto TV, and HBO Max.
Paramount's spokesperson said these concerns about concentration "bear no relationship to the realities of today's marketplace and cannot withstand scrutiny," adding that the company would "look forward to proving our case at trial."
California Attorney General Rob Bonta said on social media that the agreement to pause the merger was "great news for audiences, movie theaters, and the many people who write, build, and create the art, news, and entertainment so many of us enjoy."
Staffers at Ellison's company have been on edge about the WBD deal and antitrust challenges.
Some told Business Insider they believed the deal would improve their job security as Paramount grew stronger, while others thought the merger would lead to overlap that could put their roles at risk.
A pro-deal Paramount streaming employee said they "see Paramount in the same light as Spirit Airlines. Regulators didn't let JetBlue and Spirit Airlines merge. Now Spirit is bankrupt, and JetBlue is struggling."
A Paramount streaming staffer who didn't like the deal said they were "tired of mergers and chaos."
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Paramount Skydance prodloužila lhůtu pro nabídky na výměnu a odkup dluhopisů až do 7. srpna 2026. K 23. červenci bylo nabídnuto 66,17 % dluhopisů v rámci odkupu a 76,38 % dluhopisů v rámci výměny.
, /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") today announced the extension of the Expiration Dates in connection with the previously announced (i) offers to purchase (the "Tender Offers" and each, a "Tender Offer") for cash, upon the terms and subject to the conditions set forth in the related offer to purchase (the "Offer to Purchase"), any and all of the identified notes in each series of the Existing Tender Offer Notes (defined by reference to the table set forth below) issued by Discovery Global Holdings, Inc. (formerly WarnerMedia Holdings, Inc.) (the "DGH Issuer") and Discovery Communications, LLC (the "DCL Issuer" and together with the DGH Issuer, each a "WBD Issuer" and collectively the "WBD Issuers"), as applicable, and (ii) offers to exchange (the "Exchange Offers" and each, an "Exchange Offer" and, together with the Tender Offers, the "Offers" and each, an "Offer"), upon the terms and subject to the conditions set forth in the related exchange offer memorandum (the "Offering Memorandum"), any and all of the identified notes in each series of the Existing Exchange Offer Notes (defined by reference to the table set forth below) (together with the Existing Tender Offer Notes, the "Offer Notes") issued by the applicable WBD Issuer for notes to be newly issued by Paramount.
The Expiration Dates for the Tender Offers and Exchange Offers (as defined in each of the Offer to Purchase and Offering Memorandum, respectively) have been extended to 5:00 p.m., New York City time, on August 7, 2026, unless further extended. The Settlement Dates for the Tender Offers and Exchange Offers (as defined in each of the Offer to Purchase and Offering Memorandum, respectively) will occur promptly after the Expiration Date and are currently anticipated to occur in the third quarter of 2026. Paramount anticipates extending the Expiration Date for such Tender Offers and Exchange Offers until such time that would result in the Settlement Dates occurring on or promptly following the closing date of the proposed acquisition (the "Acquisition") by Paramount of Warner Bros. Discovery, Inc. ("WBD"). Tenders of the Offer Notes in the Offers may be withdrawn at any time prior to the Expiration Date. The aforementioned extensions further extend the Expiration Dates previously extended by Paramount on June 12, 2026, June 26, 2026, July 13, 2026, and July 17, 2026.
As of 5:00 p.m., New York City time, on July 23, 2026, approximately 66.17% and 76.38% of the aggregate principal amount of the Existing Tender Offer Notes and Existing Exchange Offer Notes, respectively, have been validly tendered in the applicable Offers. As Paramount previously announced that it anticipates extending the Offers to align with the closing date of the Acquisition, Paramount does not view these figures to be representative of the final results of the applicable Offers.
Information about each series of Offer Notes eligible to participate in the Offers is summarized below.
Type of Offer
Offer Notes to be Tendered
or Exchanged, as
Applicable
Issuer of Offer Notes
CUSIP No. / Common Code
/ ISIN Eligible to
Participate in the Offers (1)
Aggregate Principal
Amount of Offer Notes
Eligible to Participate in the
Offers (2)
Tender Offer
3.950% Senior Notes due 2028
DCL Issuer
25470D CP2
US25470DCP24
$1,234,458,000
Exchange Offer
4.125% Senior Notes due 2029
DCL Issuer
25470D CQ0
US25470DCQ07
$655,825,000
Exchange Offer
3.625% Senior Notes due 2030
DCL Issuer
25470D CR8
US25470DCR89
$914,183,000
Exchange Offer
5.000% Senior Notes due 2037
DCL Issuer
25470D CS6
US25470DCS62
$453,281,000
Exchange Offer
6.350% Senior Notes due 2040
DCL Issuer
25470D CT4
US25470DCT46
$438,102,000
Exchange Offer
4.950% Senior Notes due 2042
DCL Issuer
25470D CU1
US25470DCU19
$130,366,000
Exchange Offer
4.875% Senior Notes due 2043
DCL Issuer
25470D V91 CV9US25470DC
$141,584,000
Exchange Offer
5.200% Senior Notes due 2047
DCL Issuer
25470D W74 CW7US25470DC
$3,161,000
Exchange Offer
5.300% Senior Notes due 2049
DCL Issuer
25470D X57 CX5US25470DC
$247,860,000
Tender Offer
3.755% Senior Notes due 2027
DGH Issuer
254948 AH5
US254948AH58
254948 AN2
US254948AN27
U25483 AA3
USU25483AA38
$1,189,336,000
Exchange Offer
4.054% Senior Notes due 2029
DGH Issuer
254948 AJ1
US254948AJ15
254948 AP7
US254948AP74
U25483 AB1
USU25483AB11
$1,353,828,000
Exchange Offer
4.279% Senior Notes due 2032
DGH Issuer
254948 AK8
US254948AK87
254948 AQ5
US254948AQ57
$2,691,764,000
Exchange Offer
5.050% Senior Notes due 2042
DGH Issuer
254948 AL6
US254948AL60
254948 AR3
US254948AR31
U25483 AD7
USU25483AD76
$4,104,687,000
Exchange Offer
5.141% Senior Notes due 2052
DGH Issuer
254948 AM4
US254948AM44
254948 AS1
US254948AS14
$949,883,000
Exchange Offer
4.302% Senior Notes due 2030
DGH Issuer
XS3393993285
339399328
€234,382,000
Exchange Offer
4.693% Senior Notes due 2033
DGH Issuer
XS3393994507
339399450
€316,641,000
1
No representation is made as to the correctness or accuracy of the identifiers listed in this press release or printed on the Offer Notes. Such identifiers are provided solely for the convenience of the holders.
2
Represents the aggregate principal amount of Offer Notes outstanding that are eligible to participate in the Offers.
The Exchange Offers are being made pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and the rules and regulations of the Securities and Exchange Commission (the "SEC") promulgated thereunder, and are also not being registered under any state or foreign securities laws. Any securities offered pursuant to the Exchange Offers may not be offered or sold in the United States or to any U.S. persons (as defined below) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Exchange Offers will only be made, and the securities offered pursuant to the Exchange Offers are only being offered and issued, to holders of applicable Existing Exchange Offer Notes who are (a) reasonably believed to be "qualified institutional buyers" as defined in Rule 144A under the Securities Act or (b) not "U.S. persons," as defined in Rule 902 of Regulation S under the Securities Act (such holders, "Eligible Holders"), and only Eligible Holders who have completed and returned the eligibility certification are authorized to receive or review the Offering Memorandum or to participate in the Exchange Offers. The eligibility certification is available electronically at: https://gbsc-usa.com/eligibility/paramount.
General
Each Offer is a separate offer, and each may be individually consummated, amended, extended, terminated, or withdrawn, subject to certain conditions and applicable law, at any time in Paramount's sole discretion, and without also consummating, amending, extending, terminating, or withdrawing any other Offer with respect to any other series of Offer Notes. Paramount may terminate an Offer if any of the conditions of such Offer described in the Offer to Purchase or Offering Memorandum, as applicable, are not satisfied or waived by the applicable Expiration Date, subject to applicable law. In addition, Paramount may waive the conditions to an Offer without extending such Offer in accordance with applicable law.
The Offers are being made solely by Paramount and are not being made by WBD or the WBD Issuers. None of Paramount, WBD, the WBD Issuers, the Dealer Managers, the Exchange Agent (as defined below), the Information Agent (as defined below), the trustees under each of the indentures governing the Offer Notes, the trustee or collateral agent under the indenture that will govern the notes to be issued in the Exchange Offers, or any affiliate of any of them makes any recommendation as to whether any holder of Offer Notes should tender or refrain from tendering all or any portion of the principal amount of such holder's Offer Notes for cash or notes to be issued in the Exchange Offers. No one has been authorized by any of them to make such a recommendation. Holders must make their own decision whether to tender Offer Notes in any Offer and, if so, the amount of Offer Notes to tender.
Only Eligible Holders may receive a copy of the Offering Memorandum and participate in the Exchange Offers. Paramount has engaged Global Bondholder Services Corporation to act as the exchange agent (in such capacity, the "Exchange Agent") and information agent (in such capacity, the "Information Agent") for the Offers. Questions concerning the Offers, or requests for additional copies of the Offer to Purchase or Offering Memorandum or other related documents, may be directed to Corporate Actions by telephone at (855) 654-2014 (U.S. toll-free) or (212) 430-3774 (banks and brokers) or by email at [email protected]. Holders should also consult their broker, dealer, commercial bank, trust company or other institution for assistance concerning the Offers. The Exchange Offer documents and the Tender Offer documents can be accessed at the following link: https://gbsc-usa.com/paramount.
Paramount has engaged BofA Securities and Citigroup as dealer managers (in such capacity, the "Dealer Managers") for the Offers. Holders with questions regarding the Offers should contact BofA Securities, Inc. at +1 (888) 292-0070 (toll-free) or +1 (980) 388-3646 (collect) or [email protected] or Citigroup Global Markets Inc. at +1 (800) 558-3745 (toll-free) or +1 (212) 723-6106 or [email protected]. Latham & Watkins LLP is serving as legal counsel to Paramount and Cahill Gordon & Reindel LLP is serving as legal counsel to the Dealer Managers.
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security, and does not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful.
About Paramount, a Skydance Corporation
Paramount, a Skydance Corporation is a next-generation global media and entertainment company, comprised of three business segments: Studios, Direct-to-Consumer, and TV Media. PSKY's portfolio unites legendary brands, including Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance Animation, Film, Television, Interactive/Games, and Paramount Sports Entertainment.
This communication contains "forward-looking statements" regarding the Acquisition and the other transactions referred to herein. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Paramount. Risks and uncertainties include, but are not limited to: the risk that the closing conditions for the Acquisition will not be satisfied, including the risk that clearances under applicable antitrust or regulatory laws will not be obtained or will be obtained subject to conditions that are not anticipated; the possibility that the transactions described herein will not be completed in the expected timeframe or at all; the occurrence of any event, change or other circumstances that could give rise to the termination of the Acquisition; potential adverse effects to the businesses of Paramount or WBD during the pendency of the Acquisition, such as employee departures or distraction of management from business operations; negative effects of the announcement or the consummation of the Acquisition on the market price of WBD or Paramount stock; the risk of stockholder litigation relating to the Acquisition, including resulting expense or delay; the potential that the expected benefits and opportunities of the Acquisition, if completed, may not be realized or may take longer to realize than expected; risks related to the streaming business of the post-Acquisition combined business (the "Combined Company"); the adverse impact on the Combined Company's advertising revenues as a result of changes in consumer behavior, advertising market conditions, and deficiencies in audience measurement; risks related to operating in highly competitive and dynamic industries; the unpredictable nature of consumer behavior, as well as evolving technologies and distribution models; risks related to the Combined Company's decision to invest in new businesses, products, services, and technologies, and the evolution of the Combined Company's business strategy; the potential for loss of carriage or other reduction in, or the impact of negotiations for, the distribution of the Combined Company's content; damage to the Combined Company's reputation or brands; losses due to asset impairment charges for goodwill, content and long-lived assets, including finite-lived intangible assets; liabilities related to discontinued operations and former businesses; increasing scrutiny of, and evolving expectations for, sustainability initiatives; evolving business continuity, cybersecurity, privacy and data protection and similar risks; challenges in protecting and maintaining the Combined Company's intellectual property rights; domestic and global political, economic and regulatory factors affecting the Combined Company's business generally or the Acquisition; the inability to hire or retain key employees or secure creative talent; disruptions to the Combined Company's operations as a result of labor disputes; risks and costs associated with the integration of, and Paramount's ability to integrate, the businesses of Paramount Global, Skydance Media, LLC, and WBD successfully and to achieve anticipated synergies, including in the amounts or on the timelines anticipated to realize such synergies; litigation related to the Acquisition and other matters or transactions; risks associated with the Combined Company's holding company structure, including its dependence on distributions from its subsidiaries to meet tax obligations and other cash requirements; risks related to our indebtedness, including our substantial outstanding debt obligations, our ability to incur substantially more debt and our ability to meet the financial and other covenants contained in the agreements governing the indebtedness of Paramount, WBD, or the Combined Company. A further list and description of these risks, uncertainties and other factors and the general risks associated with the respective businesses of Paramount and WBD can be found in Paramount's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 25, 2026, including in the sections captioned "Cautionary Note Concerning Forward-Looking Statements" and "Item 1A. Risk Factors," Paramount's most recently filed Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 4, 2026, including in the sections captioned "Cautionary Note Concerning Forward-Looking Statements" and "Item 1A. Risk Factors," and Paramount's subsequent filings with the SEC, and in WBD's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 27, 2026, including in the section captioned "Item 1A. Risk Factors," WBD's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 6, 2026, and WBD's subsequent filings with the SEC. Neither Paramount nor WBD undertakes to update any forward-looking statement as a result of new information or future events or developments, except as required by law.
Ovintiv Inc. (OVV) Q2 2026 Earnings Call July 24, 2026 11:00 AM EDT
Company Participants
Jason Verhaest
Brendan McCracken - President, CEO & Director
Corey Code - Executive VP & CFO
Gregory Givens - Executive VP & COO
Conference Call Participants
Neil Mehta - Goldman Sachs Group, Inc., Research Division
Greg Pardy - RBC Capital Markets, Research Division
Neal Dingmann - William Blair & Company L.L.C., Research Division
Arun Jayaram - JPMorgan Chase & Co, Research Division
Douglas George Blyth Leggate - Wolfe Research, LLC
Gabe Daoud - Truist Securities, Inc., Research Division
Scott Gruber - Citigroup Inc., Research Division
Christopher Baker - Evercore ISI Institutional Equities, Research Division
John Annis - Texas Capital Securities, Research Division
Kevin MacCurdy - Pickering Energy Partners Insights
Phillip Jungwirth - BMO Capital Markets Equity Research
Presentation
Operator
Good day, ladies and gentlemen, and thank you for standing by. Welcome to Ovintiv's 2026 Second Quarter Results Conference Call. As a reminder, today's call is being recorded. [Operator Instructions] Please be advised that this conference call may not be recorded or rebroadcast without the expressed consent of Ovintiv.
I would now like to turn the conference call over to Jason Verhaest from Investor Relations. Please go ahead, Mr. Verhaest.
Jason Verhaest
Thanks, Joanna, and welcome, everyone, to our second quarter '26 conference call. This call is being webcast, and the slides are available on our website at ovintiv.com. Please take note of the advisory regarding forward-looking statements at the beginning of our slides and in our disclosure documents filed on EDGAR and SEDAR+. Following prepared remarks, we will be available to take your questions.
I will now turn the call over to our President and CEO, Brendan McCracken.
Brendan McCracken
President, CEO & Director
Thanks, Jason. Good morning, everybody, and thank you for joining us. Our second quarter results demonstrate the strength of our durable return strategy and the business
Dva inženýři Volkswagen čelí obvinění z obchodování zasvěcených osob kvůli údajné sázce na Rivian před oznámením joint venture. Podle žaloby vydělali více než 300 000 USD.
The U.S. Department of Justice has charged two Volkswagen engineers with securities fraud for an alleged insider-trading scheme connected to the German automaker’s joint venture with Rivian.
The indictment, unsealed Friday by the U.S. District Attorney for the Southern District of New York, alleges that Michael Stamp and Marcus Plank made more than $300,000 by using confidential insider information. Stamp and Plank allegedly bought Rivian stock and options after learning that the EV maker and Volkswagen planned to form a joint venture — internally codenamed “Project Climb” — but before the companies made any public announcements.
Rivian and Volkswagen announced plans for the joint venture on June 25, 2024, which would focus on developing electric vehicle architecture and software. Volkswagen initially committed to invest $5 billion in Rivian, with the capital to be released as the companies achieve certain milestones. The joint venture has since grown to $5.8 billion, and Volkswagen is now Rivian’s largest shareholder.
Rivian’s stock price rose 23% following the initial announcement in June. Stamp and Plank then allegedly sold their Rivian positions, with Stamp realized about $250,000 in profits, Plank realizing about $50,000, and Plank’s close family member realizing about $12,000, as detailed in the indictment.
“Michael Stamp and Marcus Plank’s alleged exploitation of their employer’s confidential information allowed them to make more than $300,000 in illegal profits,” U.S. Attorney Jay Clayton said in a statement Friday. “When people misuse confidential information for their own financial gain, they undermine the principles that allow our markets to function fairly and efficiently. Insider trading is a crime that New Yorkers want pursued with vigor. Its effects ripple through the financial system, harming ordinary investors and eroding public confidence. Today’s charges underscore the commitment of this Office and our law enforcement partners to protecting the integrity of our markets and holding accountable those who choose to violate the law.”
Investigators allege the two engineers understood their actions were illegal. Eight days prior to the joint venture was announced, Stamp searched “statute of limitations insider trading,” and Plank’s close family member searched, in German, “how is insider trading prosecuted?,” according to the indictment.
The pair, who both live in San Jose, were arrested Friday and will appear in the U.S. District Court for the Northern District of California. The case has been assigned to U.S. District Judge Katherine Polk Failla. Stamp and Plank face up to 25 years in prison if convicted of federal securities fraud.
TechCrunch has reached out to Rivian and Volkswagen for comment and will update the article if either company responds.
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Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.
You can contact or verify outreach from Kirsten by emailing [email protected] or via encrypted message at kkorosec.07 on Signal.
NRG v roce 2026 plánuje vrátit akcionářům 1,4 miliardy USD, z toho 1 miliardu USD prostřednictvím zpětných odkupů a téměř 407 milionů USD na dividendách. Zároveň chce investovat asi 310 milionů USD do růstu.
Key Takeaways NRG plans $1 billion in 2026 buybacks and nearly $407 million in dividends. NRG will invest about $310 million in growth, including 1.5 GW of Texas Energy Fund projects. Rising AI data-center, manufacturing and electrification demand support NRG's long-term growth. NRG Energy, Inc. (NRG - Free Report) , through systematic capital allocation, utilizes its cash to grow and create shareholder value through reinvestment, debt repayment, acquisitions, dividends and share buybacks. The company is making strategic capital investments across its business segments, generating attractive returns and enhancing shareholder value.
In 2026, NRG Energy plans to return $1.4 billion to shareholders through $1 billion of share repurchases and nearly $407 million in dividends. Rising electricity demand from AI data centers, manufacturing and electrification is strengthening NRG Energy’s long-term growth prospects. Growing investments in AI infrastructure are driving demand for reliable power, creating additional opportunities for the company’s generation business.
The company plans to invest approximately $310 million in growth initiatives during 2026. NRG is advancing 1.5 gigawatts of Texas Energy Fund projects, integrating the LS Power acquisition, expanding opportunities in data centers and providing flexible demand solutions. These investments are expected to drive long-term earnings growth while supporting disciplined capital allocation.
Capital Allocation Strengthens Shareholder ReturnsCapital allocation strengthens shareholder returns by balancing growth investments with disciplined cash deployment. Utilities invest in grid modernization while returning excess cash through dividends and share repurchases. This balanced capital allocation supports earnings growth, boosts per-share value and enhances long-term shareholder returns.
Vistra (VST - Free Report) returned about $600 million through dividends and share repurchases by May 1, 2026. It has repurchased $6.3 billion of shares since 2021, reducing share count by 30%, with $1.5 billion in buyback authorization remaining through 2027.
Constellation Energy (CEG - Free Report) repurchased 1.2 million shares for approximately $335 million in the first quarter of 2026 stock pullback, demonstrating confidence in its long-term value and
commitment to enhancing shareholder returns.
The Zacks Rundown on NRGNRG’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 earnings per share indicates a year-over-year increase of 10.16% and 26.55%, respectively.
Image Source: Zacks Investment Research
NRG’s Returns on Equity (ROE)NRG Energy's trailing-12-month ROE is 70.67%, ahead of the industry average of 11.21%.
Image Source: Zacks Investment Research
NRG’s Stock Price PerformanceIn the past month, NRG Energy’s shares have risen 0.2% compared with the industry’s 1% growth.
Coherent těží z AI infrastruktury: segment Datacenter & Communications tvořil 75 % tržeb za třetí fiskální čtvrtletí 2026 a meziročně vzrostl o 41 %.
Akcie COHR jsou letos výše o 70 %.
Key Takeaways COHR's AI infrastructure focus drives 41% YoY growth in its data center segment.Multi-year cloud commitments transition COHR away from traditional hardware cycles.COHR outperforms peers like LITE and FN with strong demand and growth visibility. Coherent’s (COHR - Free Report) transformation is increasingly being driven by the rapid expansion of AI infrastructure, positioning the company as a key supplier to one of the fastest-growing segments of the technology industry. As hyperscale cloud providers and enterprises continue investing heavily in AI computing, demand for high-speed optical connectivity has accelerated, strengthening Coherent’s role within next-generation data center networks.
The company's Datacenter & Communications segment has emerged as its primary growth engine, contributing 75% of third-quarter fiscal 2026 revenues while delivering impressive 41% year-over-year growth. This reflects the growing importance of optical transceivers, networking components, and photonic technologies that enable AI clusters to transfer massive volumes of data with low latency and high efficiency.
More importantly, this shift is changing the nature of Coherent’s business. Hardware manufacturers have traditionally faced cyclical demand, fluctuating orders and short product lifecycles that often resulted in uneven financial performance. Coherent is increasingly benefiting from a different dynamic. Its products are becoming integral to long-term AI infrastructure projects, where investments are supported by multi-year cloud expansion plans rather than short-term replacement cycles.
This transition provides greater visibility into future demand and improves the quality of the company’s revenue base. As AI deployments continue scaling, customers are making longer-term commitments to critical networking infrastructure, reducing the uncertainty typically associated with hardware businesses.
With AI infrastructure spending expected to remain a strategic priority for cloud providers and enterprise customers, Coherent appears well positioned to benefit from sustained demand. Its growing exposure to this structural trend could support more durable revenue growth while strengthening its long-term investment appeal.
Coherent Continues to Outperform Key Peers
Compared with optical networking peers Lumentum (LITE - Free Report) and Fabrinet (FN - Free Report) , Coherent continues to benefit from stronger exposure to AI infrastructure investments and increasing demand for high-speed optical connectivity. While LITE and FN are well-positioned to capitalize on data center upgrades, Coherent has strengthened its competitive standing through manufacturing expansion, long-term customer commitments, and improved backlog visibility.
The company is also demonstrating an ability to translate robust demand into profitable growth while maintaining confidence in future expansion. As AI infrastructure spending continues to accelerate, Lumentum, Fabrinet and Coherent are all expected to benefit. However, Coherent currently combines superior growth visibility, expanding production capacity and a more attractive post-correction valuation, making it stand out among its optical networking peers.
COHR’s Price Performance, Valuation and Estimates
The stock has surged a massive 70% year to date against the industry’s 7% decline.
Image Source: Zacks Investment Research
From a valuation standpoint, COHR trades at a forward price-to-earnings ratio of 35.93X, well above the industry’s 21.2X. It carries a Value Score of C.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for the company’s fiscal 2026 earnings has declined over the past 60 days.
COHR currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Badger Meter tento týden klesly o 18 % po smíšených výsledcích za 2. čtvrtletí. Tržby spadly o 7 % a EPS o 13 %, navíc výhled počítá jen s téměř stagnujícím růstem tržeb v roce 2026.
Shares of leading smart water metering solutions provider Bader Meter (BMI +2.80%) are down 18% this week as of 1 p.m. ET on Friday after the company reported mixed second-quarter earnings on Wednesday. Sales and earnings per share dropped 7% and 13%, respectively, which ever-so-slightly top Wall Street's low expectations. However, despite sneaking past analysts' hopes, the stock still sold off, as the market had hoped for a bigger potential rebound in the second half of the year but only got "flattish" sales growth guidance for 2026.
Badger Meter stock is down 34% over the last year, but I view this as more of a buying opportunity than a major concern for a couple of reasons.
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First, Badger Meter was priced for perfection throughout most of the last five years, trading at an average of 42 times free cash flow (FCF). Its sales growth temporarily stalled and turned negative, leaving the company trading at a much more reasonable 24 times FCF.
Image source: Getty Images.
Second -- and while a shift from sales doubling between 2020 and 2025 to two straight quarters of declining revenue might seem jarring -- it shouldn't prove to be a long-term issue for Badger Meter. Instead, it seems to be a culmination of unfortunate timing issues (linked to government budgetary issues or delays) that have resulted in nine major utility projects being slated for deployment in the second half of 2026. Once these deployments take hold, Badger Meter's sequential sales growth should extend into the coming quarters, and investors should monitor it to ensure it happens.
Zooming out and removing this year's cyclicality and timing issues, Badger Meter's overall investment thesis remains in place, in my opinion. Water and metering infrastructure throughout the U.S. (and in many parts of the world where the company is expanding) need to not only be replaced but also often updated with Badger's advanced metering infrastructure.
Growing its dividend for 21 consecutive years while delivering 13% annualized total returns over the same period, Badger Meter remains an elite, steady-Eddie compounder, finally trading at a very reasonable price again.
Josh Kohn-Lindquist has positions in Badger Meter. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Meta zavádí v některých trzích nové funkce, díky nimž Meta AI zvládne vybrané úkoly samostatně. Novinka běží na modelu Muse Spark 1.1 a časem se rozšíří i na WhatsApp.
A 3D-printed Meta logo and word "AI" are seen in this illustration taken July 20, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 24 (Reuters) - Meta (META.O), opens new tab is rolling out new features for its Meta AI service in select markets, allowing the chatbot to complete certain tasks autonomously, the company said on Friday.
The updated Meta AI, powered by the company's new Muse Spark 1.1 model, is designed to understand user context and execute tasks without constant prompting.
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Meta said new upgrades to its AI will help deliver daily briefings by summarizing calendar events and can be set up for recurring tasks such as weekly meal plans or trend updates.
The company is initially releasing these capabilities in select markets via the Meta AI app and meta.ai, with plans to expand to more regions and platforms including WhatsApp.
The Facebook parent said users retain control over how they interact with the AI and incognito chats remain available for private conversations.
"This is our next step toward personal superintelligence: an AI that knows your context, is there for you whenever you need it," Meta said in a blog post.
Separately, the company on Friday launched a new app called "Seller" to offer dedicated selling tools to merchants using the company's Facebook Marketplace platform.
Meta is scheduled to report second-quarter results after market close on July 29.
Reporting by Jaspreet Singh in Bengaluru; Editing by Pooja Desai
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Moody’s varuje, že bezprecedentní výdaje na AI zhoršují úvěrovou kvalitu Amazonu, Meta, Alphabetu a dalších hyperscalerů. Kapitálové výdaje mají v roce 2026 dosáhnout 785 miliard USD a v příštím roce zhruba 1 bilionu USD.
The race to build artificial intelligence infrastructure at a trillion-dollar annual clip is eroding the free cash flow and increasing balance-sheet risk at so-called hyperscalers, warned Moody's Ratings.
In a research note released this week, Moody's said that the spending surge is forcing even the world's most cash-rich corporations like Alphabet and Microsoft to lean heavily on debt, stock sales and off-balance-sheet moves to fund their AI ambitions.
"Previously, these companies relied on asset-light structures centered on software, intellectual property, and scalable cloud services that required modest capital investment," Moody's said in the Wednesday note. "The transition from asset-light to asset-heavy models requires unprecedented levels of investment and capital raising."
The moves "threaten credit quality" for the six companies tracked by Moody's, which include Microsoft, Amazon, Alphabet, Meta, Oracle and CoreWeave, according to the report.
The ratings firm projects that capital expenditures — or capex, which are investment for physical assets like data centers — will hit $785 billion in 2026 before reaching about $1 trillion next year.
The shift breaks a decades-long Silicon Valley formula that created the world's most valuable companies. Software costs little to replicate, yielding fat profit margins and fortress balance sheets. Generative AI, by contrast, demands a vast physical footprint: warehouses crammed with expensive and energy-hungry servers and chips.
To finance the expansion, tech giants are increasingly turning to Wall Street, resulting in booming profits for the financial industry.
Direct debt across the six hyperscalers has reached approximately $460 billion, according to Moody's. Tech companies are also tapping public markets for cash, including Google-parent Alphabet, which last month announced an $85 billion equity sale.
Leasing data centersThe ratings firm noted that because AI hardware and infrastructure require massive upfront investment while revenue materializes over a longer time horizon, free cash flow across the sector is coming under pressure.
To keep direct debt off their balance sheets, hyperscalers are leaning on off-balance-sheet financing, mostly through long-term data center leases, the report explained.
Moody's said that lease commitments across the group have ballooned to $1.2 trillion. More than $820 billion of that total is from leases that haven't started yet, meaning the data centers are still being built.
While these obligations don't show up as traditional debt, Moody's says it considers them as debt-equivalent liabilities that will bind companies to significant rent payments down the line.
Despite the warning, Moody's noted that Microsoft, Alphabet, Amazon and Meta retain among the strongest corporate balance sheets in the world, making it unlikely that their investment grade ratings are under imminent threat.
The immediate pressure is concentrated on lower-rated entities like Oracle and specialized AI cloud provider CoreWeave. Oracle carries a rating of Baa2 with a negative outlook, placing it just two notches above junk status.
Meanwhile, CoreWeave operates within the high-yield market with a Ba3 rating, relying on complex private debt structures to finance its GPU hardware fleets.
Circular ecosystem Moody's also pointed to structural circularity within the AI boom. Some of the multibillion-dollar backlogs reported by hyperscalers stem from strategic deals with pre-IPO artificial intelligence labs including OpenAI and Anthropic, Moody's noted.
The firms have invested billions into AI labs that, in turn, spend heavily on cloud computing from those same companies, creating what Moody's described as a circular AI ecosystem.
The overlapping relationships heighten risks because many of the industry's biggest companies are increasingly dependent on the same AI customers and the same assumptions about future demand, Moody's said.
Even so, the tech giants have significant strengths that help offset those risks.
Demand for AI computing remains robust, cloud businesses continue to grow and hyperscalers have signed hundreds of billions of dollars in long-term customer contracts that should provide predictable revenue. Those deals support the industry's largely-strong credit profiles, even amid the spending boom.
Still, investors should recognize that the tech industry's financial profile is undergoing a structural change unlike anything seen in the cloud era, according to Moody's.
"Investors will increasingly focus on these companies' ability to realize an adequate return on investment," the ratings firm said.
Wedbush zvýšila cílovou cenu AMD na 600 USD z 450 USD po konferenci Advancing AI 2026. Důvodem je silnější výhled pro AI v datových centrech díky novým partnerstvím a lepším dodávkám.
Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) saw its price target raised to $600 from $450 by Wedbush following the chipmaker’s Advancing AI 2026 event, with the analysts writing that new partnerships and improving supply chain conditions increased confidence in the company’s data center AI growth trajectory.
AMD hosted its Advancing AI 2026 event on Wednesday and Thursday, featuring a keynote presentation from CEO Lisa Su and management followed by an investor roundtable. Wedbush noted that management avoided discussing near-term financial performance ahead of AMD’s second-quarter 2026 earnings report, leaving the event focused primarily on the company’s broader AI strategy.
The analysts wrote that AMD is increasingly positioning itself as an “end-to-end compute franchise” spanning GPUs, CPUs, networking, software, client computing and physical AI, while highlighting a broad group of enterprise and frontier AI partners.
“Net, we came away incrementally more constructive on AMD's competitive trajectory,” Wedbush wrote, adding that conversations with server vendors and supply chain participants around the event pointed to continued acceleration in AI infrastructure investment and opportunities across the broader ecosystem.
Wedbush wrote that newly announced agreements with Microsoft and Anthropic provided greater confidence that AMD’s data center AI silicon and systems revenue will “substantially accelerate” in the second half of 2026 and through 2027.
The analysts also highlighted improving supply conditions, writing that AMD appears to be making progress in addressing constraints and meeting elevated customer demand for data center compute. Based on the event and industry checks, Wedbush increased its assumptions for AMD’s data center CPU and GPU revenue growth in 2026 and 2027, lifting its revenue and earnings expectations.
Wedbush also pointed to AMD’s partnership with Cerebras, writing that the collaboration combines Cerebras’ Wafer Scale Engine technology with AMD systems to target ultra-low-latency AI inference workloads. Initial deployments are expected later this year through Cerebras Cloud.
The analysts wrote that the relationship is likely to be revenue accretive compared with prior expectations for Cerebras and represents further validation of the company’s approach to delivering high-speed AI inference capabilities.
Wedbush also highlighted VAST Data as a potential beneficiary of AI infrastructure spending, writing that the privately held company appears to have emerged as a significant supplier of data management solutions for neocloud and AI model-building customers.
While the analysts noted that VAST’s software licenses can represent a meaningful cost for customers, they wrote that users highlighted benefits including improved storage efficiency, ease of use and faster returns on cloud infrastructure investments.
On Super Micro Computer, Wedbush wrote that industry conversations supported the view that the company’s recent margin expansion could be partly sustainable, potentially driven by a shift toward higher-value deployments and tight supply conditions. However, the analysts noted they would have greater confidence in the margin outlook with additional feedback on changes within Super Micro’s business.
Wedbush said continued AI infrastructure investment should support further growth across the sector, citing conversations with neocloud providers, data center builders, server vendors and component suppliers that pointed to ongoing acceleration in data center expansion.
The analysts also highlighted memory demand tied to AMD’s AI products, noting that newer Instinct offerings are expected to require significantly more high-bandwidth memory. Wedbush wrote that tight NAND and DRAM availability could continue until additional supply comes online in 2028, with price increases potentially starting at 20% in the third quarter and exceeding 30% in some cases.
Shares of AMD are up more than 150% so far this year, trading hands at $538 on Friday afternoon.
Nokia rozšiřuje byznys mimo telekomunikace do AI sítí, cloudové konektivity a podnikové infrastruktury. Ve čtvrtletí se jí tržby z AI a cloudu meziročně více než zdvojnásobily díky poptávce po síťové infrastruktuře pro datová centra AI.
Key Takeaways Nokia is expanding beyond telecom through AI networking, cloud connectivity and enterprise infrastructure.NOK's AI and Cloud revenues more than doubled, supported by demand for AI data center networking.Nokia is investing in 5G, Open RAN and optical infrastructure while expanding enterprise opportunities. Nokia Corporation (NOK - Free Report) is evolving beyond its traditional telecom equipment business by expanding into AI networking, cloud connectivity and enterprise infrastructure. As investment in artificial intelligence accelerates, the company is benefiting from rising demand for high-speed networking solutions while continuing to serve wireless operators worldwide. Investors are increasingly evaluating whether this broader business mix can drive sustainable long-term growth despite the cyclical nature of telecom spending.
How Nokia Builds Growth Across Its BusinessNokia operates through four primary business segments: Mobile Infrastructure, Network Infrastructure, Portfolio Businesses and Technology Licensing. Mobile Infrastructure remains the largest contributor, providing radio access products and software for wireless carriers. Meanwhile, Network Infrastructure has become an increasingly important growth engine through its Optical Networks, IP Networks and Fixed Networks businesses, serving telecom operators, cloud providers and enterprise customers.
The Portfolio Businesses segment expands Nokia's software and enterprise offerings, while Technology Licensing generates recurring revenues from one of the industry's largest wireless patent portfolios. This diversified structure helps reduce reliance on any single business while supporting more balanced long-term growth.
Why NOK Is Expanding Beyond Telecom CyclesAI is becoming a major growth driver for Nokia. During the latest quarter, AI and Cloud revenues more than doubled year over year, supported by strong demand for networking infrastructure powering AI data centers. Management also reported robust AI order activity, reinforcing confidence in future revenue opportunities.
Growth in Optical Networks and IP Networks further highlights Nokia's expanding exposure beyond traditional carrier spending. These businesses support hyperscale cloud providers and enterprises building AI infrastructure, creating additional revenue streams that complement the company's mobile networking operations. Similar opportunities are also attracting networking leaders such as Cisco Systems (CSCO - Free Report) and optical networking specialist Ciena Corporation (CIEN - Free Report) as AI infrastructure investment continues to accelerate.
How Nokia Strengthens Its Technology EdgeNokia continues investing in technologies that support long-term competitiveness. Its 5G portfolio, ReefShark chipsets and Open RAN initiatives are designed to improve network performance while lowering customer operating costs. The company also benefits from an extensive patent portfolio that supports recurring licensing revenue in addition to equipment sales.
Management is also expanding manufacturing capabilities and optimizing the business portfolio to focus more heavily on AI networking, optical infrastructure and enterprise solutions. These initiatives strengthen Nokia's position in faster-growing markets while supporting long-term profitability.
What Risks Could Slow NOK's ProgressDespite improving growth prospects, Nokia continues to face several challenges. Telecom capital spending remains cyclical, and customer investment timing can create quarterly revenue volatility. The company also operates in highly competitive networking markets while executing restructuring initiatives designed to improve long-term efficiency.
Additional risks include geopolitical uncertainty, supply constraints and changing global trade conditions, all of which could affect customer demand and project execution. Successfully balancing these challenges while expanding AI-related businesses will remain important for future growth.
How NOK's Ratings Fit the Growth StoryNokia currently carries a Zacks Rank #3 (Hold) with a Value Score of B, Growth Score of C, Momentum Score of A and VGM Score of B. These ratings reflect a company benefiting from improving AI infrastructure demand and attractive valuation characteristics while still facing execution risks and telecom market cyclicality. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Overall, Nokia is building a more diversified networking business by expanding beyond traditional telecom infrastructure into AI, cloud and enterprise networking. While industry headwinds remain, continued strength in Network Infrastructure, licensing and AI-related demand provides meaningful long-term opportunities. The current Hold rating reflects a balanced outlook as investors monitor execution and the pace of AI-driven growth.
NVIDIA v 1. čtvrtletí fiskálního roku 2027 zvýšila tržby na 81,615 miliardy USD a tržby z datových center vyskočily meziročně o 92 %. Firma zároveň čeká ve 2. čtvrtletí tržby 91,0 miliardy USD.
I keep hitting the buy button on NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) because every quarter AI capex grows larger, and NVIDIA collects at each layer. Hyperscalers order racks, sovereigns order factories, enterprises order runtime. That is the conviction.
The Thesis in One Sentence NVIDIA monetizes today’s hardware cycle at rack scale while building the software and networking tollbooth for the next one. Jensen Huang framed it plainly on the last call: “The buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed.” The custom thesis is the same one management executes: turnkey Blackwell racks proprietary NVLink interconnects capture today’s capex, then NIM microservices, CUDA, and NVLink Fusion fabric licensing turn one-time hardware sales into structural, compounding cash flow.
Three Reasons the Money Keeps Going Here First, operating leverage is delivering. Fiscal 2026 revenue landed at $215.9 billion, up from $130.5 billion the year prior, with net income of $120.1 billion and operating margin of 60.4%. SG&A fell from 9.0% of revenue in FY2023 to 2.1% in FY2026. Companies do not scale like this without pricing power.
Second, the current quarter confirms the story. Q1 FY2027 revenue hit $81.615 billion, beating consensus by 3.16% on non-GAAP EPS of $1.87, a fourth straight beat. Data Center revenue reached $75.246 billion, up 92% year over year, with networking growing 199%. Gross margin came in at 75.0%. Q2 guide points to $91.0 billion in revenue.
Third, valuation remains reasonable. Forward P/E sits at 23 with a PEG of 0.559. Return on equity is 114.3%. Management authorized an $80.0 billion repurchase and lifted the dividend from $0.01 to $0.25 per share. Retirement accounts get paid to wait.
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Why Not the Obvious Alternatives The two names I get asked about are Broadcom (NASDAQ:AVGO) and Marvell Technology (NASDAQ:MRVL). Broadcom’s CEO targets over $100 billion in AI revenue by 2027. That is a 2027 aspiration. NVIDIA already printed $75.2 billion in Data Center revenue in a single quarter. Marvell trades at 47x forward earnings, roughly double NVIDIA’s 23 forward multiple, for slower growth. I would rather own the platform every custom silicon design still has to interconnect with.
The Risk I Refuse to Wave Off China is the real risk. Huang called it out directly: “Losing access to the China AI accelerator market, which we believe will grow to nearly $50 billion, would have a material adverse impact on our business.” The company took a $4.5 billion H20 inventory charge and shipped zero H20 units to China in Q1 FY2027. That is real money. It has not changed my thesis because NVIDIA grew Data Center 92% year over year with China effectively zeroed out, and total supply commitments now stand at $119.0 billion. The rest of the world is absorbing the capacity.
Why the Buy Button Stays Active Analyst consensus is 58 buys to 1 sell with a $302.31 target. This works as long as AI factories keep growing, software attach keeps rising, and NVLink remains the fabric everyone standardizes on. Every quarter so far, that is exactly what has happened. Until that pipeline changes, my money keeps going in.
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Nvidia, Microsoft a další technologičtí giganti vyzvali zákonodárce, aby neomezovali open-source AI modely. Tvrdí, že by to brzdilo konkurenci i inovace.
Item 1 of 3 NVIDIA logo and word "Artificial Intelligence" are seen in this illustration taken July 20, 2026. REUTERS/Dado Ruvic/Illustration
[1/3]NVIDIA logo and word "Artificial Intelligence" are seen in this illustration taken July 20, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
SummaryCompaniesTwo dozen companies, including Meta and IBM, sign letterThey urge lawmakers to avoid 'premature restrictions' on open-source AI modelsUS lawmakers propose AI model kill switches after a rogue OpenAI cyberattackSAN FRANCISCO, July 24 (Reuters) - Nvidia (NVDA.O), opens new tab, Microsoft (MSFT.O), opens new tab and other tech heavyweights made a public case to lawmakers on Friday in favor of open-source AI models, wading into a debate roiling the business and policy worlds over who controls the powerful technology.
In a letter posted on X and also signed by two dozen companies and groups including Meta Platforms (META.O), opens new tab and IBM , Nvidia CEO Jensen Huang said that lawmakers should avoid "premature restrictions on open models that stifle competition or drive innovation overseas."
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The letter adds to the growing debate about open-source models that are harder to regulate, such as Nvidia's own and those released in recent weeks by Chinese labs, and the closed-source models controlled by specific companies such as OpenAI and Anthropic.
In recent months, Silicon Valley business leaders have bristled at the cost of closed source models. The CEOs of Microsoft and defense contractor Palantir Technologies (PLTR.O), opens new tab have publicly argued that open-source models their customers can run inside their own data centers will help control AI costs.
Tech leaders have also chafed at controls that OpenAI and Anthropic build into their models. Hugging Face, the AI coding collaboration site that was hacked by a rogue OpenAI model, this week said that it had to use a Chinese open-source model to defend against the attack because closed-source models have restrictions on use for cybersecurity work.
At the same time, U.S. lawmakers alarmed by the rogue OpenAI cyberattack proposed legislation that would require a "kill switch" for AI models, and President Donald Trump's administration is weighing sanctions on Chinese open-source model makers over alleged theft of U.S. closed-source technology.
The letter from Nvidia and other companies acknowledged the concerns about technology theft but argued they should be addressed "through targeted legal and commercial frameworks rather than sweeping restrictions."
"Relying solely on closed models is not inherently safe: they can be breached, misused, or fail in ways that outsiders cannot detect," the letter said. "Open weight models, on the other hand, allow a broad community of researchers and developers to examine their behavior, identify vulnerabilities, develop safeguards, and improve them over time."
Reporting by Stephen Nellis in San Francisco; Editing by Emelia Sithole-Matarise
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Qualcomm logo is displayed at the company’s booth at the 8th China International Import Expo (CIIE) in Shanghai, China, November 5, 2025. REUTERS/Maxim Shemetov Purchase Licensing Rights, opens new tab
July 24 (Reuters) - Smartphone chipmaker Qualcomm (QCOM.O), opens new tab has told customers it would raise prices by a percentage in the double digits due to rising costs, Bloomberg News reported on Friday, citing a letter sent to clients.
The San Diego, California-based company did not immediately respond to a Reuters request for comment. Its shares were trading down more than 1%.
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The company sent the letter to customers on Friday, informing them that the price hike will go into effect for products shipped after September 1, the report said.
Reuters could not independently verify the report.
Qualcomm told customers that it could no longer absorb rising supplier costs and had sought alternative components from new suppliers, the report said.
The report comes as Qualcomm grapples with mounting pressure in the smartphone market, squeezed by a memory chip shortage as investment is redirected toward AI infrastructure.
Qualcomm is set to report its third-quarter results on July 29.
Reporting by Anhata Rooprai in Bengaluru; Editing by Shilpi Majumdar
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Intel rozšiřuje AI napříč PC, podniky i cloudem a současně zvyšuje výrobu na Intel 18A, zatímco pokračuje vývoj 14A. Firma těží z rostoucí poptávky po AI infrastruktuře.
Key Takeaways Intel is expanding AI across PCs, enterprise systems, edge computing and AI infrastructure.INTC ramped Intel 18A production while advancing 14A development and advanced packaging.Intel is growing AI infrastructure exposure through Xeon, networking, custom silicon and cloud partnerships. Artificial intelligence is reshaping the semiconductor industry, creating new opportunities across data centers, enterprise computing, networking and advanced manufacturing. For Intel Corporation (INTC - Free Report) , these trends are driving a broader transformation that extends well beyond its traditional PC business.
The company's ability to capitalize on AI infrastructure demand while executing its manufacturing roadmap will likely play a central role in determining its long-term growth trajectory.
Intel Pushes AI Beyond Traditional PCsIntel is expanding its AI strategy across commercial and consumer markets by integrating artificial intelligence capabilities into PCs, enterprise systems and edge computing platforms. The company has repositioned its client business around both traditional computing and physical AI applications, reflecting growing demand for local AI processing across a wider range of devices.
Beyond AI PCs, Intel continues investing in enterprise AI infrastructure, robotics and edge deployments. Its expanding portfolio enables customers to process AI workloads closer to where data is generated, supporting applications that require lower latency, enhanced security and improved real-time performance.
INTC Advances the Next Foundry CycleIntel's manufacturing roadmap continues to make measurable progress. The company has ramped Intel 18A into volume production for multiple products while reporting improving yields, higher factory output and better cycle times across its manufacturing network.
Looking ahead, Intel remains on track with Intel 14A development, including continued progress on process technology and customer engagement. At the same time, advanced packaging technologies such as EMIB-T and growing external foundry relationships highlight Intel's broader effort to transform its manufacturing business into a long-term competitive advantage serving both internal products and third-party customers.
Intel Benefits From AI Infrastructure DemandAI infrastructure demand is expanding well beyond graphics processors, creating opportunities across CPUs, networking, custom silicon and advanced packaging. Intel is benefiting from stronger adoption of Xeon processors as enterprises and hyperscale customers build increasingly sophisticated AI environments.
The company is also strengthening its position through networking products, purpose-built silicon, advanced packaging technologies and collaborations with enterprise customers and cloud providers. These initiatives support Intel's participation across multiple layers of AI infrastructure rather than concentrating on a single product category.
Advanced Micro Devices, Inc. (AMD - Free Report) continues expanding its presence in server processors and AI computing, while NVIDIA Corporation (NVDA - Free Report) remains the market leader in AI accelerators. Intel's diversified product portfolio and manufacturing capabilities provide an alternative competitive approach as enterprise AI deployments continue to broaden.
INTC Navigates Industry HeadwindsDespite favorable industry trends, Intel continues operating in a highly competitive and capital-intensive environment. Manufacturing execution remains essential as the company scales advanced process technologies while balancing production costs and customer commitments.
Broader industry challenges also remain. Supply constraints affecting leading-edge components, fluctuations in memory markets, aggressive competition across CPUs, GPUs, networking and application-specific integrated circuits, along with elevated capital spending requirements, could influence how effectively Intel converts emerging AI opportunities into sustained financial growth.
How Intel's Rating Reflects the Trend StoryIntel's strategic transformation is increasingly tied to long-term technology trends rather than the traditional PC replacement cycle. Continued execution across AI products, manufacturing and foundry services will remain critical as these opportunities evolve.
The stock currently carries a Zacks Rank #1 (Strong Buy), reflecting improving earnings estimate momentum. You can see the complete list of today’s Zacks #1 Rank stocks here. However, its VGM Score of D indicates that its overall combination of value, growth and momentum characteristics remains relatively modest. The Value Score of F and Growth Score of C contrast with a stronger Momentum Score of B, suggesting the market currently places greater weight on Intel's improving operational momentum while investors continue to monitor whether long-term execution translates into stronger value and growth characteristics.
Key Takeaways Intel is expanding beyond PCs with AI, enterprise, edge computing, foundry and autonomous driving businesses.Intel's foundry utilization, yields and factory output improved, with narrower operating losses.INTC's growing AI adoption through Xeon, AI PCs, networking, packaging and cloud and enterprise partnerships. Intel Corporation (INTC - Free Report) is reshaping its business around artificial intelligence, enterprise infrastructure and advanced manufacturing as it reduces its reliance on the traditional PC market. The company's long-term investment case increasingly depends on its ability to execute across these strategic priorities while strengthening its manufacturing leadership.
Recent results suggest Intel is making progress. Stronger demand for AI infrastructure, improving foundry execution and expanding customer adoption across multiple product categories are helping reinforce confidence in its turnaround strategy.
Intel Expands Beyond the PC MarketIntel has steadily diversified beyond its legacy PC business by focusing on data-centric markets that include AI infrastructure, enterprise computing, edge computing and autonomous driving. Its operating structure now reflects this transition, with dedicated businesses serving client computing, data center and AI, manufacturing, networking and Mobileye's autonomous driving platform.
A major strategic shift has been the adoption of Intel's internal foundry operating model. By separating product development from manufacturing operations, the company aims to improve transparency, accountability and cost discipline while increasing manufacturing efficiency. The structure also supports Intel's broader ambition to become a leading foundry serving both internal products and third-party customers.
INTC Builds Momentum Across AI PlatformsArtificial intelligence has become a key growth driver across Intel's portfolio. Demand for Xeon processors continues to strengthen as enterprises and hyperscale customers expand AI infrastructure beyond graphics processors into CPUs, networking and purpose-built silicon. The company has also broadened its AI offerings with AI PCs, Arc Pro graphics solutions, networking products and advanced packaging technologies.
Intel is expanding customer adoption through partnerships spanning cloud providers, enterprise customers and industry-specific AI deployments. Continued investment in purpose-built silicon, physical AI and advanced packaging should further strengthen its position across data center, edge and enterprise workloads.
Competition remains intense from Advanced Micro Devices, Inc. (AMD - Free Report) , which continues expanding its presence in data center processors and AI accelerators. NVIDIA Corporation (NVDA - Free Report) also remains a dominant force in AI infrastructure through its GPU ecosystem, underscoring the importance of Intel's differentiated CPU, networking and manufacturing strategy.
Intel Foundry Becomes a Strategic Growth EngineIntel Foundry has become one of the company's most important long-term growth initiatives. The business reported improving factory utilization, better manufacturing yields and significantly higher factory output, while operating losses narrowed as production efficiency improved.
Management also highlighted meaningful reductions in Panther Lake wafer costs, continued progress on Intel 18A manufacturing and development milestones for Intel 14A. External customer engagement continues to expand alongside growing demand for advanced packaging services, reinforcing Intel's effort to establish foundry services as a meaningful long-term revenue driver.
INTC Faces Execution and Competitive RisksDespite encouraging progress, Intel still faces significant execution challenges. Manufacturing leadership depends on successfully ramping advanced process technologies while maintaining cost discipline and meeting customer commitments.
The competitive landscape also remains challenging across CPUs, GPUs, application-specific integrated circuits, networking and custom silicon. Elevated capital expenditures, ongoing industry supply constraints and geopolitical uncertainty could continue creating operational and financial headwinds as Intel scales its manufacturing investments.
How Intel's Rating Fits the Current ThesisIntel's long-term outlook increasingly depends on consistent execution across AI products, manufacturing and foundry services. Continued progress in these areas could strengthen its competitive positioning as enterprise AI adoption expands.
The stock currently sports a Zacks Rank #1 (Strong Buy), reflecting improving earnings momentum. You can see the complete list of today’s Zacks #1 Rank stocks here. However, its VGM Score of D suggests its overall combination of value, growth and momentum characteristics remains relatively weak. That weaker composite score largely reflects a Value Score of F and Growth Score of C, although the Momentum Score of B indicates comparatively stronger price and earnings momentum. Together, these measures suggest that while earnings expectations have improved, investors may still want to balance Intel's improving momentum against its more modest value and growth characteristics before making investment decisions.
American Express uvedla, že Gen Z je jejím růstovým motorem: jejich útraty vzrostly meziročně o 40 % a tvořily 65 % nových globálních spotřebitelských účtů. Společnost zároveň zvýšila celoroční výhled růstu tržeb z 9 % až 10 % na 10 %.
Gen Z is becoming American Express’ growth engine, with young customers driving faster spending growth and most new consumer account openings.
Dining is evolving into a loyalty platform, as Amex uses Resy, Tock and the proposed TheFork acquisition to connect reservations, benefits and payments.
Amex sees its closed-loop data as an AI advantage, giving it more context to verify customer intent, manage fraud and support agentic commerce.
American Express’ second-quarter earnings tell a spending story that stretches from restaurant tables to airport gates to corporate expense accounts, with artificial intelligence sitting somewhere in the middle.
Card spending rose 9% on an FX-adjusted basis in the second quarter, according to a Friday (July 24) earnings presentation. Travel and entertainment spending increased 10%, goods and services rose 9%, and consumer spending in the United States climbed 11%, its fastest growth since early 2018 excluding pandemic-distorted periods. Commercial spending, which has been considerably slower, accelerated to 5%.
The spending was broad-based across categories. Retail spending rose 13%, restaurant spending increased 10%, airlines were up 10%, and American Express travel bookings jumped 22%. Millennials and Generation Z remained the fastest-growing U.S. consumer cohorts and now account for the largest share of U.S. consumer spending on Amex cards.
CEO Stephen Squeri said during an analyst Q&A on a Friday conference call that the spending gains reflect more than new customer acquisition.
“Engagement has been really accelerated, and that’s driving a lot of the spending,” Squeri said, adding that “restaurant spend was up 10%, but when you look at Resy restaurant spend, it’s double that.”
The engagement is increasingly coming from young customers. Gen Z spending rose 40% year over year, compared with 14% for millennials, 10% for Generation X and 5% for baby boomers and older customers. Millennials and Gen Z together accounted for 38% of U.S. consumer-billed business. Meanwhile, 65% of new global consumer accounts came from those two generations.
The income story is more nuanced. Chief Financial Officer Christophe Le Caillec said during the call that young customers generally enter the Amex franchise with low income initially, but “we’re going to grow with them, and they’re going to grow with us.”
Restaurants Become More Than a Card Category Dining is also becoming a deliberate part of Amex’s strategy.
Restaurant spending is the company’s largest travel and entertainment category, and Amex is building infrastructure around that spending rather than simply collecting interchange when the check arrives. Its proposed acquisition of TheFork would add 50,000 restaurants across 11 European countries to a dining portfolio that already includes Resy and Tock.
Squeri said Amex is effectively creating smaller closed loops inside its larger payments network by connecting cardholders directly with restaurants. Amex cardholders also generate higher average tickets than non-cardholders. The platforms can additionally serve as acquisition channels by offering cardholders special access and benefits while remaining open to nonmembers.
The closed-loop argument becomes more consequential as commerce starts shifting toward AI agents.
Squeri said agentic commerce creates new questions around fraud, customer intent and AI hallucinations. Amex’s pitch is that it has information from both sides of a transaction.
“We know what the customer wanted to do, and we’ll also know what the merchant delivered,” he said during the call.
However, he cautioned against assuming agentic commerce is already mature.
“We’re sort of in the preseason,” Squeri said. “We’re not even … in the early innings.”
Amex is spending accordingly. Squeri said technology investment now includes agentic commerce initiatives that were not contemplated when the company established its original 2026 spending plans.
The business side is getting similar attention. Commercial billed business rose 5%, with U.S. small- to medium-sized businesses and large/global corporations growing at the same rate. Travel and entertainment spending among commercial customers rose 8%, twice the 4% increase in goods and services spending. Amex has also begun piloting a new expense management platform with middle-market customers, an area where management acknowledged competitive pressure from FinTech providers.
CFO Le Caillec said the stronger spending translated into 10% revenue growth, a rate that was below Wall Street’s expectations, and shares dipped 5% in early trading Friday. The company raised its full-year revenue growth forecast from a range of 9% to 10% to 10%.
American Express Company (AXP) Q2 2026 Earnings Call July 24, 2026 8:30 AM EDT
Company Participants
Kartik Ramachandran - Senior VP & Head of Investor Relations
Stephen Squeri - Chairman & CEO
Christophe Le Caillec - Chief Financial Officer
Conference Call Participants
Sanjay Sakhrani - Keefe, Bruyette, & Woods, Inc., Research Division
Ryan Nash - Goldman Sachs Group, Inc., Research Division
Donald Fandetti - Wells Fargo Securities, LLC, Research Division
Craig Maurer - Financial Technology Partners LP
Richard Shane - JPMorgan Chase & Co, Research Division
Mark DeVries - Deutsche Bank AG, Research Division
Terry Ma - Barclays Bank PLC, Research Division
Robert Wildhack - Autonomous Research US LP
Darrin Peller - Wolfe Research, LLC
Bill Carcache - Piper Sandler & Co., Research Division
Mihir Bhatia - BofA Securities, Research Division
Presentation
Operator
Welcome to the American Express Q2 2026 Earnings Call. [Operator Instructions] As a reminder, today's call is being recorded.
I will now turn the call over to Kartik Ramachandran, Head of Investor Relations. Please go ahead.
Kartik Ramachandran
Senior VP & Head of Investor Relations
Thank you, Dana, and thank you all for joining today's call. Today's discussion contains forward-looking statements about the company's future business and financial performance. These are based on management's current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these statements are included in today's presentation slides and in our reports on file with the SEC.
Today's discussion also contains non-GAAP financial measures. Comparable GAAP financial measures are included in this quarter's earnings materials as well as the prior period earnings materials discussed today. All of these are posted on our website at ir.americanexpress.com. We will begin today with Stephen Squeri, Chairman and CEO; followed by Christophe Le Caillec, Chief Financial Officer. After their remarks, we'll move to Q&A.
NextEra Energy, Inc. (NEE) Q2 2026 Earnings Call July 24, 2026 9:00 AM EDT
Company Participants
Michael Dowling
John Ketchum - President, CEO & Chairman
Michael Dunne - CFO & Executive VP of Finance
Scott Bores - President & CEO
Brian Bolster - CEO & President
Conference Call Participants
Steven Fleishman - Wolfe Research, LLC
Julien Dumoulin-Smith - Jefferies LLC, Research Division
Nicholas Campanella - Barclays Bank PLC, Research Division
Jeremy Tonet - JPMorgan Chase & Co, Research Division
Carly Davenport - Goldman Sachs Group, Inc., Research Division
Presentation
Operator
Good day, and welcome to the NextEra Energy, Inc. Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Michael Dowling, Director of Investor Relations. Please go ahead.
Michael Dowling
Good morning, everyone, and thank you for joining our second quarter 2026 financial results conference call for NextEra Energy. With me this morning are John Ketchum, Chairman, President and Chief Executive Officer of NextEra Energy; Mike Dunne, Executive Vice President and Chief Financial Officer of NextEra Energy; Armando Pimentel, Vice Chairman of NextEra Energy; Scott Bores, President and Chief Executive Officer of Florida Power & Light Company; Brian Bolster, President and Chief Executive Officer of NextEra Energy Resources; and Mark Hickson, Executive Vice President of NextEra Energy.
John will start with opening remarks, and then Mike will provide an overview of our results. Our executive team will then be available to answer your questions.
We will be making forward-looking statements during this call based on current expectations and assumptions, which are subject to risks and uncertainties. Actual results could differ materially from our forward-looking statements if any of our key assumptions are incorrect or because of other factors discussed in today's earnings news release, in the comments made during this conference call, in the
Eli Lilly ve 1. čtvrtletí zvýšila tržby o 55,5 % a FDA vyčistila Foundayo, první perorální GLP-1 užívaný kdykoli během dne. Firma zároveň navýšila celoroční výhled o 2 miliardy USD.
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Eli Lilly (NYSE:LLY | LLY Price Prediction) has accelerated despite its $1 trillion scale. Revenue grew 55.5% in Q1 2026, management raised full-year guidance by $2 billion, and the FDA cleared Foundayo, the first any-time-of-day oral GLP-1.
Our 24/7 Wall St. price target for Eli Lilly is $1,365.51, implying roughly 15% upside from the current $1,186.85. We rate LLY a buy with high (90%) confidence.
24/7 Wall St. Price Target Summary Metric Value Current Price $1,186.85 24/7 Wall St. Price Target $1,365.51 Upside ~15.1% Recommendation BUY Confidence 90% Foundayo Reset the Growth Story LLY is up 8.59% year-to-date and 50.84% over the trailing year, recovering from an April low of $903.99.
Q1 2026 delivered $19.80 billion in revenue, beating the $17.80 billion consensus, with non-GAAP EPS of $8.55 versus the $6.79 estimate. Mounjaro revenue jumped 125% to $8.66 billion and Zepbound climbed 80% to $4.16 billion.
Recent headlines mixed bullish coverage of the $6.3 billion Centessa acquisition and a $6.5 billion Houston manufacturing plant against a fresh Novo Nordisk lawsuit alleging deceptive GLP-1 comparison ads.
The Case for $1,429 and Higher Bulls argue Foundayo unlocks an oral obesity market that injectables never fully addressed. CEO Dave Ricks noted the drug can reach “over 1 billion people around the world with obesity and related conditions” with regulatory reviews underway in over 40 countries. Early launch data showed 80% of prescriptions were new-to-class.
Retatrutide, the next-gen triple agonist, delivered up to 37 pounds of weight loss in Phase 3. Morningstar flagged LLY as positioned for “industry-leading growth”. Our bull-case scenario carries the stock to $1,429.03, roughly 12.5% above current levels.
What Could Go Wrong Pricing pressures loom. Q1 realized prices fell 13%, offsetting a 65% volume gain, and Mounjaro’s inclusion on China’s National Reimbursed Drug List will pressure international prices. Novo Nordisk’s false-advertising lawsuit and emerging generic semaglutide competition add legal and competitive headwinds.
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Q1 carried $584 million in IPR&D charges plus $279 million in litigation and restructuring. Most charges reflect deliberate M&A spend (Centessa, Orna, Kelonia, Ajax) that expands the pipeline. Our bear scenario prices LLY at $1,123.10, an 11.6% drawdown.
How Eli Lilly Compares to Merck and Novo Nordisk Merck (NYSE:MRK) is the value counterpoint. Merck guided FY2026 revenue of $65.8 billion to $67 billion and non-GAAP EPS of $5.04 to $5.16, with Q1 growth of just 4.87%. That is a fraction of Lilly’s 55.5% pace, explaining why Lilly commands a forward P/E of 33x while Merck trades at mid-teens multiples. Growth still wins.
Novo Nordisk (NYSE:NVO) is the direct GLP-1 rival. Novo’s Q1 underlying adjusted sales fell 4% at constant currency, and management guided full-year growth to -4% to -12% CER after slashing Wegovy list prices by roughly 50% effective January 2027. Against that peer set, our LLY target looks reasonable.
Eli Lilly Price Prediction 2026-2030 Our 24/7 Wall St. price target of $1,365.51 reflects a buy rating with 90% confidence. Foundayo converts a large injectable-averse population into addressable demand.
The setup looks constructive if the Foundayo launch tracks to plan into Q3, and more cautious if realized prices deteriorate past mid-teens headwinds. Growth of this quality at this scale is rare.
Year 24/7 Wall St. Price Target 2026 $1,365.51 2027 $1,470 2028 $1,565 2029 $1,640 2030 $1,711.70 These projections assume Lilly executes on Foundayo, retatrutide, and pipeline acquisitions. Significant upside or downside could result from GLP-1 pricing regulation, Novo Nordisk competition, or acceleration of oral obesity adoption globally.
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Strategy vytvořila dolarovou rezervu ve výši 3,225 miliardy USD, která pokrývá zhruba 1,8 roku ročních úroků a dividend. Firma ale dál zůstává silně závislá na Bitcoinu a nese vysoký dluh i závazky z preferenčních akcií.
Key Takeaways Strategy's dollar reserve covers roughly 1.8 years of annual interest and dividend costs.Bitcoin sales, share repurchases and reserve funding tools may reduce forced financing in weak markets.Strategy still faces high debt, preferred-stock obligations, dilution risk and Bitcoin dependence. Strategy (MSTR - Free Report) has shifted from nonstop Bitcoin accumulation toward protecting its cash position. As of July 24, 2026, it held 843,775 BTC and a $3.225 billion reserve after selling more than 2.7 million MSTR shares for about $263.5 million.
The reserve is restricted mainly to preferred-stock dividends and debt interest. Strategy reports annual interest and dividend costs of about $1.76 billion, so the current reserve offers roughly 1.8 years of coverage.
The latest news shows why that buffer matters. Strategy sold 3,588 BTC in early July for about $216 million, its first major sale after years of steady buying, and disclosed an $8.32 billion second-quarter digital-asset loss.
The company has also approved up to $1 billion each for preferred-share and MSTR repurchases, plus Bitcoin sales of up to $1.25 billion to refill reserves. These tools may reduce forced financing during weak markets and give management flexibility when Bitcoin prices fall sharply.
However, risk remains high, because the reserve improves liquidity without reducing dependence on Bitcoin. Strategy carries about $6.75 billion of debt and $15.46 billion of preferred stock, while MSTR’s valuation premium has fallen near 1.0 times net asset value. Raising cash may, therefore, require more dilution or further Bitcoin sales.
How Are MARA Holdings and Strive Managing Bitcoin Risk?MARA Holdings (MARA - Free Report) has paired treasury defense with expansion. MARA Holdings sold 15,133 Bitcoin and repurchased about $1 billion of convertible notes, then agreed in July to acquire a Texas site with 2,000 megawatts of planned power. MARA Holdings gains flexibility, but development commitments could later rebuild financial pressure.
Strive (ASST - Free Report) held 19,921 Bitcoin and $157.4 million in cash on July 17 after buying 21 more coins. Strive also held $43.1 million of Strategy preferred shares. Strive has liquidity, yet share issuance and Bitcoin volatility still create fixed-payment and dilution risks for investors.
MSTR’s Price Performance, Valuation and EstimatesShares of MSTR have declined 44.1% over the past three months compared with the industry’s fall of 4.8%.
Image Source: Zacks Investment Research
From a valuation standpoint, Strategy remains highly expensive, trading at a forward 12-month price-to-sales ratio of 65.55, which is far above the sector's average. Its Value Score of F reinforces concerns that the stock is significantly overvalued.
Image Source: Zacks Investment Research
Over the past 30 days, earnings estimates for both 2026 and 2027 have been revised downward, signaling a bearish outlook from analysts.
AON čeká ve 2. čtvrtletí růst tržeb o 2,6 % na 4,26 miliardy USD a EPS 3,77 USD. Tahounem mají být Commercial Risk Solutions a Health Solutions, ale výsledky mohou brzdit vyšší náklady.
Key Takeaways AON is expected to post Q2 revenue growth, led by Commercial Risk Solutions and Health Solutions.AON's four straight earnings beats and favorable retention rates point to potential upside this quarter.Higher compensation, IT and other costs, plus weaker Wealth Solutions demand, may weigh on results. Leading global insurer Aon plc (AON - Free Report) is set to report second-quarter 2026 results on July 29, 2026, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $3.77 per share on revenues of $4.26 billion.
The second-quarter earnings estimate has witnessed two upward revisions and five downward movements over the past 60 days. The bottom-line projection indicates a year-over-year increase of 8%. The Zacks Consensus Estimate for quarterly revenues suggests year-over-year growth of 2.6%.
Image Source: Zacks Investment Research
AON beat the consensus estimate for earnings in each of the last four quarters, with the average surprise being 3.1%.
Q2 Earnings Whispers for AONOur proven model predicts a likely earnings beat for the company this time around as well. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s precisely the case here.
AON has an Earnings ESP of +0.24% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
What’s Shaping AON’s Q2 Results?The Zacks Consensus Estimate for the Commercial Risk Solutions line’s revenues indicates 5.3% growth from $2.18 billion a year ago, whereas our model predicts a 5% increase. We expect the unit to witness 5% organic revenue growth in the quarter under discussion.
The consensus mark for the Health Solutions line’s second-quarter revenues suggests nearly 6% growth from the year-ago level, while our model estimate indicates an 8% increase. The segment is likely to have been supported by new business growth, strong retention rates and positive market impact.
The Zacks Consensus Estimate for Reinsurance Solutions' revenues indicates growth of 4.4% from $688 million recorded a year ago, while our model estimate suggests a 7% increase. Favorable retention rates, new business generation and facultative placement growthare expected to have benefited the unit.
The factors mentioned above are expected to have contributed to the company's year-over-year growth, positioning it for an earnings beat. However, the positives are likely to have been partially offset by high expenses due to significant investments in priority areas for long-term growth, coupled with an uptick in certain discretionary and other costs.
Our model predicts total operating expenses for the second quarter at above $3.3 billion, attributed to increased costs related to higher compensation and benefits and information technology. Specifically, the estimate for other general expenses is set at more than $400 million, while compensation and benefits costs are pegged at nearly $2.4 billion.
Moreover, the consensus estimate for second-quarter revenues in the Wealth Solutions segment suggests a 15.2% decrease from the previous year’s $519 million, whereas our model indicates a 15% decline. The unit is likely to have been affected by weaker advisory demand in the United States.
How Did AON’s Peers Perform?Several insurance companies, including Marsh & McLennan Companies, Inc. (MRSH - Free Report) , AMERISAFE, Inc. (AMSF - Free Report) and RenaissanceRe Holdings Ltd. (RNR - Free Report) , have already reported their financial results for the June quarter of 2026. Here’s how they performed:
Marsh reported second-quarter 2026 adjusted earnings per share of $2.96, which surpassed the Zacks Consensus Estimate by 2.8%. The bottom line advanced 8.8% year over year.Its strong quarterly results benefited from solid growth in the Risk and Insurance Services and Consulting units. However, the upside was partially offset by Marsh’s elevated operating expenses, primarily due to increased compensation and benefits.
AMERISAFE reported second-quarter adjusted earnings per share of 44 cents, missing the Zacks Consensus Estimate by 17%. The bottom line also declined 17% year over year. The quarterly result was affected by higher expenses and weaker underwriting margins, with additional pressure from lower investment income. AMSF’s strong premium growth partly offset these headwinds.
RenaissanceRe reported second-quarter 2026 operating income of $12.92 per share, which surpassed the Zacks Consensus Estimate by 12.9%. The bottom line also improved 5.1% year over year. The quarterly earnings benefited from lower expenses, higher net investment income and an improved total combined ratio. However, the upside was partly offset by lower net premiums earned, weaker underwriting results in RNR’s Casualty & Specialty segment and lower fee income.
