Track market-moving stories before they get noisy

Jim Cramer’s favourite dip-buying rule starts with a margin decline, but it does not end there.

Investors must decide whether profits are temporarily compressed by investment or permanently damaged by weak demand and competition.

Meta Platforms, Alphabet and SoFi are the clearest tests after their shares were punished by spending increases or cautious guidance.

Intel illustrates how the market can reward a recovery, while Nvidia is a corrected leader rather than a beaten-down stock.

These five companies fit the framework based on Cramer’s framework, but he did not individually recommend them as a group.

Meta stock fell 9.5% after second-quarter results as investors focused on a 91% collapse in free cash flow to $784 million and capital expenditure approaching $145 billion this year.

Yet advertising revenue rose 27% to $59.36 billion, showing that the core business remains healthy.

Deutsche Bank analyst Benjamin Black maintained a Buy rating and an $800 target before the results.

Business Insider reported that Black believed Meta’s discount failed to reflect the durability of advertising and monetisation from AI, subscriptions, business agents and cloud infrastructure.

The opportunity fits Cramer’s rule, but only if Meta turns computing investment into measurable revenue.

Alphabet dropped after raising its 2026 capital-spending forecast to $195 billion-$205 billion, even as Google Cloud revenue surged 82% to $24.8 billion.

The company also recorded negative free cash flow of $5.9 billion.

Wedbush analyst Ygal Arounian wrote in a note cited by Barron’s that investment was scaling because “compute remains constrained” and demand remained strong.

That supports the argument that Alphabet is spending to serve customers rather than defend a shrinking business.

However, depreciation and infrastructure costs must eventually be matched by sustainable cloud profits, making the stock vulnerable if growth slows before spending peaks.

SoFi fell 9% despite beating earnings and revenue expectations, as investors concentrated on cautious second-half guidance and a 23% decline in technology-platform revenue.

William Blair analyst Andrew Jeffrey retained an Outperform rating and encouraged investors to buy the weakness.

He argued that expanding originations and retaining more loans could support stronger returns.

KBW analyst Tim Switzer offered the warning, calling the result a “lower-quality beat” because growth relied heavily on SoFi’s balance sheet.

SoFi is the most traditional dip candidate here, but its recovery requires better platform growth and disciplined credit performance.

Intel is not beaten down, with its shares having rallied in 2026. It instead demonstrates what can happen when a margin-recovery thesis gains credibility.

Morningstar analyst Brian Colello raised his fair-value estimate to $105 from $90 after what he called a “stunning rise in server CPU demand”.

AI data centres still require conventional processors alongside accelerators, supporting Intel’s server business.

The risks remain substantial as foundry investment, manufacturing execution and competition from AMD, Arm-based designs and Nvidia.

Investors applying Cramer’s rule today would need another pullback rather than chasing a recovery already reflected in the price.

Nvidia’s recent correction revived the argument that temporary fear can create an entry into a dominant company.

Concerns centre on hyperscaler cash flow, investments in customers and whether interconnected AI financing is supporting demand.

Bernstein analyst Stacy Rasgon maintained a Buy rating and a $315 target in July, implying upside from the price at the time.

Nvidia remains the highest-quality business in this framework but the least conventionally beaten down.

Its test is whether spending by cloud companies reflects durable end-user demand.

Cramer’s rule works only when weaker margins fund future growth, not when they reveal a business losing its competitive edge.

Blue Owl Capital (OBDC -0.37%) had little choice but to cut its dividend. As management explained, the cut was made to align the dividend "with the portfolio's go-forward earnings power." To be fair, dividend cuts are fairly normal for business development companies (BDCs), so this isn't a sign that Blue Owl Capital is specifically in any trouble.

That fact is a problem for the rest of the BDC sector, which faces the same headwinds as Blue Owl Capital. This is why investors should be watching closely as peers like Main Street Capital (MAIN -0.06%), Ares Capital Corporation (ARCC -0.37%), and FS KKR Capital (FSK +0.10%) report their results. Here's what to watch.

Image source: Getty Images.

Why did Blue Owl Capital cut? Blue Owl Capital's first-quarter results weren't exactly bad. However, they weren't entirely good, either. The base dividend reduction from $0.37 per quarter to $0.31 essentially reduced the payment to the company's first-quarter adjusted net investment income (NII) per share. Adjusted NII dropped from $0.36 per share in the first quarter of 2025 to $0.31 per share in the first quarter of 2026.

That wasn't driven by bad loans, which is a key factor investors need to consider. The BDC's non-accrual loans as a percent of the total portfolio actually declined to 1% at the end of the first quarter from 1.1% at the end of 2025. That's really not a huge improvement, but it highlights that credit quality isn't the issue.

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The bigger problem was the changing interest rate environment. The average rate on Blue Owl Capital's loans was 11.1% at the end of 2024. It fell to 10.7% in the first quarter of 2025. And by the first quarter of 2026, it was down to 10%. Basically, the BDC was earnings less income.

On top of that, the portfolio's value has been declining. The company noted that, "Net asset value per share of $14.41, as compared with $14.81 as of December 31, 2025, primarily reflecting the impact of credit spread widening on the portfolio." A year ago, NAV per share was $15.14. That's a problem to watch, too.

Blue Owl Capital isn't alone Starting with interest rates, Main Street Capital's average rate on private loans in the first quarter was 10.3%, down from 11.4% a year earlier. The BDC's distributable net investment income per share before taxes fell from $1.07 in the first quarter of 2025 to $1.04 in the first quarter of 2026. Its net asset value per share, however, increased from $32.03 to $33.46. Main Street Capital typically gets equity stakes in the companies it loans to, so this improvement isn't surprising. Non-accrual loans fell from 1.7% of the portfolio to 1.2%. With a base dividend of $0.795 per share per quarter, it is unlikely that Blue Owl Capital will need to lower its base dividend.

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Ares Capital Corporation already reported second-quarter 2026 results. It didn't cut its dividend, but investors should probably keep a close eye on the BDC. The average interest rate on loans fell year over year, going from 10.9% in the second quarter of 2025 to 10.3% this year. Net investment income per share was $0.50 in the second quarter of 2026, up a penny year over year and enough to cover the $0.48 per share dividend. That said, NAV per share fell from $19.90 in 2025 to $19.35. And non-accrual loans moved in the wrong direction, rising from 2% of the portfolio to 2.4%. It would be advisable for dividend investors to continue to closely monitor Ares Capital Corporation.

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In the first quarter of 2025, the average interest rate on FS KKR Capital's portfolio was 11%. In the first quarter of 2026, it had fallen to 9.9%. Adjusted net investment income per share was $0.41, down from $0.65 in the first quarter of 2025. FS KKR Capital paid dividends of $0.48 per share in the first quarter, down from $0.70 in the same quarter of 2025. The base dividend accounted for $0.45 of the first-quarter total in 2026, and it has already been cut again to $0.42, with no variable dividend announced. So the dividend has already been cut here, but that doesn't mean there won't be more downside.

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Notably, the NAV fell to $18.83 per share from $20.89 at the end of 2025. That's a material decline in a very short period of time. A year ago, the NAV was $23.37. Shockingly, non-accrual loans rose to 4.2% of the portfolio from 2.1% in the first quarter of 2025. That's the wrong direction and a massive increase in troubled loans. The second-quarter results should be closely monitored to see if the trends remain negative. Given the dividend cut already announced, it seems likely the quarterly results will be a tough read.

There's information in the yield If you check online quote services, FS KKR Capital's yield is listed at over 20%. That's a sign that investors are worried about the stock, and there's good reason. Compare that to Main Street's yield of around 6%, and you can see the difference in risk right away. Ares Capital's yield is 10%, while Blue Owl Capital's yield is 13%. As investors know very well, there's an interplay between risk and reward on Wall Street. But if you take on too much risk in the BDC space, your reward could be a dividend cut. Tread carefully and err on the side of caution, even if it means buying the lowest-yielding BDC.

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DoorDash is paying gig workers to load restaurant orders into its Dot robots. Bloomberg/Getty Images DoorDash's delivery robots need a hand.

Some workers in areas where DoorDash is using its Dot delivery robot are receiving offers through the DoorDash app to load them up. While the vehicles can navigate miles to delivery destinations, it's the few feet between a restaurant's pickup counter and the curb outside where delivery workers intervene.

Devena Bybee, a DoorDash gig worker in Mesa, Arizona, said that she received one such offer in early July. The company is using the robots to make deliveries in the Phoenix area.

Bybee drove about two miles to a restaurant, picked up an order, and placed it in the Dot robot as it waited in the parking lot, she said. She took photos of each step to document the process, and the gig took five minutes, she said. DoorDash paid her about $5.

Bybee was surprised that Doordash asked her to complete the task instead of a restaurant worker who was already on-site. "I just don't see how it's efficient," she said.

On Facebook groups for DoorDash workers, some posts show screenshots of similar gig offers over the past month.

"I would never do a five-dollar order, but I was really curious about this and I was super close to the restaurant," reads one July 6 post showing a robot-loading gig at a Burger King in Scottsdale, Arizona. The poster did not immediately respond to a request for comment.

"Dashers are essential to our platform and will continue completing the majority of deliveries even as our autonomous technology scales," a DoorDash spokesperson said.

"This limited pilot is designed to support merchants during busy periods, while creating more earning opportunities for Dashers outside of traditional deliveries," the spokesperson added.

A sticking point for automationThe loading gigs are the latest example of DoorDash workers stepping in when autonomous vehicles can't complete a job on their own.

Some workers received offers from DoorDash to close open doors on Waymo's self-driving cars in Atlanta, Business Insider reported in February. Waymo plans to add a self-closing function to its vehicles in the future, the companies said at the time.

Dot, which DoorDash unveiled in September, is roughly the size of a baby stroller and can hold up to 30 pounds of cargo. The robot can navigate both roads and sidewalks to travel between restaurants and customers' homes.

Handing off orders from restaurants to robots is a challenge to the rollout of autonomous deliveries, DoorDash CEO Tony Xu said last August, shortly before the company debuted Dot.

While loading an order only takes a few minutes, restaurants that receive lots of robot-delivered orders might have an incentive to outsource the task to DoorDash, said Robert Bruno, a professor of labor and employment relations at the University of Illinois Urbana-Champaign.

DoorDash's gig workers, who are independent contractors, don't receive the same employee benefits and hourly pay rate that most restaurant workers do, Bruno said.

"Multiplied over the course of a year or more, there's probably a real savings," he said.

Bybee, the DoorDash worker in Arizona, said that the loading gig left her more confident that humans are still needed for delivery work.

"There's only so much right now that the robots can do," she said.

Do you have a story idea about DoorDash? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.

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Alex Bitter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Alex Bitter is a senior retail reporter covering the gig economy, food, and retail. His work focuses major gig delivery and ride-hailing apps, including Uber, Lyft, DoorDash, Instacart, and Walmart's Spark. He is interested in everything from what it's like to work on the apps to the companies' business strategies.Some of his recent stories feature gig workers who have been deactivated on the apps, DoorDash hiring traditional employees to make deliveries, gig workers' use of bots, and gig work expanding into new professions, such as nursing.Alex has also written about Aldi's US expansion, Starbucks' turnaround efforts, and the fallout from Kraft-Heinz's budget cutting. Convenience store chain Sheetz ended its "smile policy" after his reporting.Before joining Insider in September 2020, he wrote about consumer and retail companies for S&P Global Market Intelligence. He's a graduate of the University of Hawai'i at Mānoa and grew up on the Big Island.Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.

Delivery automation

Nvidia (NVDA +2.93%) is only up by 4% year to date, but comments from tech analyst Dan Ives suggest that the sluggish returns won't last for long.

"Demand to supply today is 12 to 1 for their chips. Physical AI hasn't even started to play out," Ives said on CNBC. The long-established tech bull also believes the AI revolution is only in the third inning.

His comments suggest Nvidia can break out of its market underperformance, and there's some evidence pointing in that direction.

Image source: Getty Images.

Tech giants are committed to high capital expenditures Nvidia's biggest customers are rushing to spend as much money on AI as possible. While Nvidia's GPUs aren't the only part of capital expenditures, they are a large focus for tech giants.

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Alphabet raised its full-year capital expenditure guidance to $195 billion-$205 billion. That's a meaningful jump from the $180 billion-$190 billion in guided capital expenditures earlier in the year. Amazon also raised its projected capital expenditures to $220 billion, with higher memory costs playing a big role.

All of these AI expenditures are coming with revenue acceleration. Microsoft also set ambitious capital expenditure targets but told investors it would achieve positive free cash flow in fiscal 2027. That news eased investors' concerns about AI costs, as Microsoft confirmed it wouldn't need to rely on dilution or bonds to fund AI spending.

Nvidia's fundamentals continue to improve There is a meaningful mismatch between Nvidia's 4% year-to-date returns and its financial performance. The ongoing supply shortage suggests Nvidia can maintain its current momentum, putting it at further odds with its recent returns.

Revenue surged by 85% year over year in the company's fiscal 2027 first quarter (ended April 26, 2026). Net income more than tripled year over year, resulting in a 22 forward P/E ratio. Its P/E ratio is a similar value to the S&P 500's P/E ratio, even though Nvidia grows faster than almost every company on the index.

When companies like Nvidia deliver high revenue numbers, some investors wonder how long it will last. Ives' commentary suggests this is still early, which is a good sign for Nvidia investors. If the shortage is really 12:1, there are a lot more chips that tech companies need to buy. Physical AI like humanoid robots and self-driving vehicles can expand the shortage and give Nvidia more years of exceptional revenue growth.

As investors realize Nvidia's growth can last for multiple years, they will rerate the stock higher from current levels.

Marc Guberti has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.

The Pound to Rupee (GBP/INR) exchange rate ended July at 128.63 after a volatile month carried the pair above 130.80 before part of the advance was reversed.

The Reserve Bank of India’s policy decision now provides the week’s main event risk for GBP/INR.

Latest — Exchange Rates: Pound to Rupee (GBP/INR): 128.6262 (-0.14%)

July: +2.55%

July High: 130.8147

WEEKLY RECAP:

The Pound to Rupee exchange rate (GBP/INR) recovered during the closing sessions of July after falling towards 127.28 at the start of the week.

Pound Sterling retained support following the Bank of England’s decision to hold Bank Rate at 3.75%.

Three policymakers voted for an immediate increase, although Governor Andrew Bailey played down the urgency of another move. Scotiabank noted that UK yield spreads continue to provide Sterling with underlying support.

The Indian Rupee finished the week more strongly.

Persistent Reserve Bank of India intervention, a softer US Dollar and a modest retreat in oil prices helped the currency record its strongest weekly advance since March.

The RBI’s June measures have now attracted more than $40 billion in foreign-currency inflows, providing policymakers with another tool for stabilising the Rupee.

However, India remains vulnerable to energy costs. Brent crude posted a sharp July increase, keeping inflation and the import bill firmly in focus.

Near-Term GBP/INR Forecast: RBI Decision and Technical Levels in Focus For Sterling, Monday’s final manufacturing PMI is followed by Wednesday’s services PMI and Thursday’s construction survey.

For the Rupee, Wednesday is the key session. India’s services PMI is followed by the RBI policy announcement, with most economists expecting the repo rate to remain at 5.25%.

A neutral hold accompanied by confidence in capital inflows could support the Rupee. A dovish assessment of growth risks or renewed concern over oil prices would leave it exposed.

Technically, GBP/INR is trading close to its 20-day moving average near 128.60 and above the 50-day average around 127.70.

Image: GBP/INR 3-month chart with 20MA an 50MA Share article

Share image

The 20-day line has also moved back above the 50-day average, giving the chart a mildly positive bias.

Initial resistance sits at 129.00–129.20, followed by 130.00 and July’s 130.81 peak. Support is located around 128.00 and 127.30.

A sustained break above 129.20 could reopen 130.00, while a close below the 50-day average would expose 127.00.

In the near-term, Exchange Rates UK Research forecast that the Pound to Rupee exchange rate will trade within the 127.00–130.50 range.

Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.

Mark Mahaney, an Evercore analyst, called Meta Platforms (META +3.28%) his top large-cap long idea on July 22. He believes advertising demand and ad improvements driven by artificial intelligence (AI) will drive continued revenue growth, and that the company is undervalued currently.

One week later, Meta released an underwhelming earnings report, and its share price dropped about 10% in a single day. Mahaney reiterated that he expects the stock to outperform, but he lowered his price target from $930 to $820.

Is the social media giant an undervalued megacap or a value trap? Let's take a closer look at why Mahaney likes it and whether his thesis still holds.

Image source: Getty Images.

Meta looks like a bargain At a glance, Meta stock has a lot to offer. Its social media platforms averaged 3.6 billion daily active users across its brands in June 2026, one of the largest user bases among tech companies.

Despite its entrenched position, it's still delivering double-digit growth. Revenue was up 28% year over year to $60.8 billion in the second quarter of 2026, and ad impressions increased 14% year over year.

The growth is there, it has a dominant market position, and it trades at just 20 times trailing earnings and 17 times forward earnings. By those metrics, it's the second-cheapest stock among the "Magnificent Seven" tech companies, with Alphabet the only one trading at lower multiples. However, the highlights don't tell the whole story.

Why investors are worried The primary concern with Meta is its huge AI spending. The company's costs and expenses jumped 55% year over year to $42 billion in the second quarter, contributing to its failure to meet earnings estimates. Earnings per share (EPS) came in at $6.18, a 13% year-over-year decrease, compared to analyst expectations of $7.14.

Meta also slightly raised its 2026 capital expenditure guidance to between $130 billion and $145 billion. The previous low end of the estimate was $125 billion. It's a minor adjustment in the grand scheme of things, but it does send a message that AI spending isn't slowing down.

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Management, including CEO Mark Zuckerberg, hasn't provided much concrete information on the progress of its frontier AI models, either. The company has delayed multiple AI rollouts, including its Avocado system and Muse Spark model.

The concerns are valid, but so is the growth case The company's AI spending is somewhat worrisome, especially given its model delays and the fact that it doesn't currently have a business to sell its computing capacity to, unlike the other hyperscalers investing heavily in AI. But the revenue growth rate is impressive for such a large company, and AI has reportedly already been driving higher ad impressions and more revenue per ad.

With that in mind, the current price could be a good buying opportunity. Wall Street analysts overwhelmingly see it as a buy, with a median one-year price target of $800, close to Mahaney's own forecast. While Meta will likely remain volatile, the strength of its business gives it substantial upside.

TLDR: South Korea posted a 560.3 billion won net stablecoin outflow in June, extending the trend to 18 months. Cumulative net stablecoin transfers since January 2025 reached about 14.9 trillion won, according to data. June outflows equaled 77.6% of Korean retail investors’ net purchases of foreign shares during the month. Offshore platforms attract Korean traders with derivatives, DeFi, staking, and tokenized asset products. South Korea recorded an 18th straight month of net stablecoin transfers to overseas exchanges in June, underscoring sustained demand for offshore crypto products. The five largest won-based exchanges sent 2.7625 trillion won abroad and received 2.2022 trillion won, producing a 560.3 billion won net outflow.

Although June’s total remained below several 2025 peaks, the uninterrupted direction of transfers carried greater significance than the monthly size alone. Reported figures showed monthly net outflows ranging from 459.3 billion won in July 2025 to 1.2049 trillion won in February 2025.

South Korean Stablecoins Post 18 Straight Months of Net Outflows to Overseas Exchanges

According to Yonhap News Agency, South Korea’s five major won-based crypto exchanges sent 2.7625 trillion won in stablecoins to overseas platforms in June 2026, while receiving 2.2022 trillion… pic.twitter.com/sDFsaBmDKN

— Wu Blockchain (@WuBlockchain) August 2, 2026

Across the full period beginning in January 2025, cumulative net transfers reached about 14.9 trillion won, based on the disclosed monthly totals.

Stablecoin Transfers Rival South Korea’s Overseas Stock Flows The June outflow equaled 77.6% of the 722 billion won Korean retail investors spent buying foreign shares on a net basis. During the second quarter, the contrast widened as stablecoins recorded 1.6872 trillion won in net outbound transfers.

Over the same period, Korean investors became net sellers of overseas equities, reducing their foreign stock holdings by 1.6185 trillion won. The comparison places dollar-linked tokens alongside traditional overseas investing as an important channel for moving capital beyond domestic platforms.

However, the figures measure exchange transfers rather than permanent capital flight, since tokens can later return, remain in wallets, or enter decentralized applications. Notably, access remains the central driver behind the movement, as local exchanges continue concentrating mainly on spot trading.

By contrast, offshore platforms provide perpetual futures, staking, decentralized finance, tokenized real-world assets, and leveraged products linked to Korean companies. Those products have included exposure tied to Samsung Electronics, SK Hynix, and Hyundai Motor, expanding the range of markets available abroad.

A separate study found about 47 trillion won in crypto moved abroad or into personal wallets during the first half of 2026. Tiger Research and Chainalysis also reviewed 4.5 million wallets and estimated cumulative transfers of 687.6 trillion won since 2021.

The same research estimated that overseas trading activity generated approximately 1.4 trillion won in fees.

Offshore Leverage Raises Regulatory and Investor Risks Among the main destinations, Hyperliquid offered Korean-linked perpetual contracts with leverage of up to 50 times. Moreover, SK Hynix-linked trading reportedly reached about $4 billion after the contract launched in February.

That activity shows stablecoins operating as collateral and settlement assets within global on-chain markets, rather than only as digital savings instruments. The expansion also increases exposure to liquidation losses, security breaches, and platform failures outside South Korea’s domestic regulatory system.

As a result, Bank of Korea officials have warned that wider token use could complicate capital-flow management and foreign-exchange oversight. Governor Rhee Chang-yong previously said won-backed tokens might make conversion into dollar-linked assets easier instead of reducing demand for dollars.

Meanwhile, the Financial Services Commission said in January that central provisions of second-stage digital-asset legislation remained unfinished.Those unresolved issues included the ownership structure permitted for stablecoin issuers operating under the planned framework.

Lawmaker Lee Jong-wook urged regulators to review oversight and investor safeguards as offshore transfers continue. For now, the 18-month pattern shows that investors are consistently using dollar-linked tokens to reach products unavailable on domestic exchanges.

Bitcoin hardware wallet providers Ledger and Trezor have distanced themselves from Coinkite’s Coldcard $38M exploit. 

An unfortunate code flaw within Coldcard’s firmware allowed an attacker to steal 38M worth of BTC or more from the hardware wallet. 

Since Coldcard shares part of the hardware design involving the True Random Number Generator (TRNG) with other providers, investors were worried that other wallets could also be at risk. 

However, Ledger clarified that it uses a slightly more secure design, maintaining that their Bitcoin hardware wallets were “not affected” by Coldcard’s flaw. 

Source: X The firm added that it uses a 256-bit mathematical complexity system (entropy), which makes seed phrases difficult to crack.

On the contrary, Coldcard’s flaw downgraded Coinkite’s system from a 128-bit to a guessable 40-bit system, which could easily be cracked using brute force. 

Trezor, another Bitcoin hardware provider, also assured its users that they should not be alarmed about the Coldcard incident. 

Trezor users: your funds are safe. The recent Coldcard issue is limited to their own custom firmware and how some of their devices generated randomness. Trezor does not share that code.

BTC dumps 3% to 2-week low after Coldcard exploit Despite the assurance, the Coldcard exploit sparked broader fear about safety on hardware wallets and self-custody. 

According to TaprootWizards’ Udi Wertheimer, self-custody is now “worryingly unrealistic,” warning that AI models with cybersecurity attack capabilities will intensify the hacks. 

For his part, Coinbase CEO Brian Armstrong said the best way to improve physical security is by “air-gapping keys,” citing his firm’s operational standard for crypto ETF custody. 

Source: X As the community discussed Bitcoin self-custody threats, BTC’s sentiment dropped to a four-month low. According to Santiment data, the soured sentiment mirrored the market caution seen as the West Asia crisis intensified in April.  

As a result, Bitcoin [BTC] price dropped sharply by nearly 3%, tagging a 2-week low of $62.4K. But the crypto asset slightly recovered back above $63K as of writing. 

Source: Santiment  Others projected that the overwhelming effort to handle self-custody amid the ongoing risks would force investors to opt for U.S. Spot ETFs. 

However, the ETF demand was also impacted by the weak sentiment on Friday. The products recorded a daily net outflow of $265. It remains to be seen whether the spot BTC ETFs will attract new investors worried by self-custody risks and upcoming quantum attack vectors. 

Final Summary Ledger and Trezor said they were “not affected” by the Coldcard flaw as they operate different systems for their hardware wallets.  Coinbase CEO said “air-gapping keys” can help reduce some threats.

U.S. President Donald Trump gives thumbs-up as he walks to board Marine One following his arrival aboard Air Force One at Morristown Municipal Airport in Morristown, New Jersey, U.S., July 31,... Purchase Licensing Rights, opens new tab Read more

SummaryCompaniesCapital One says anti-money laundering review prompted closure of more than 300 Trump-affiliated accountsTrump Organization and Eric Trump sued in March 2025, alleging political debankingMiami federal court tossed two complaints but let plaintiffs file amended versionsSAN FRANCISCO, Aug 1 (Reuters) - Capital One Financial (COF.N), opens new tab hit back on Friday against a lawsuit over its decision to close ‌the Trump Organization's bank accounts years ago, stating that it did so after a review by anti-money laundering experts.

The disclosure marks the first time a bank has formally tied money laundering concerns to U.S. President Donald Trump's family business. Capital One is seeking to dismiss ​the case by casting doubt on claims of illegally debanking — or denying services on religious or political grounds — ​the Trump Organization.

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The Trump Organization and Capital One did not immediately respond to requests for ⁠comment.

Capital One has never accused the Trump Organization of illegal money laundering. But Friday's filing argues that "documents and Plaintiffs’ own ​allegations make clear that Capital One closed Plaintiffs’ accounts for anti-money laundering (“AML”) reasons. The closures were the result of months ​of analysis and a careful review by Capital One’s AML team in accordance with bank policies and regulatory guidance."

Capital One gave notice of its plans to close more than 300 Trump-affiliated bank accounts in March 2021. The Trump Organization and Eric Trump, the president’s son, filed ​a lawsuit in March 2025 in a Florida federal court, alleging the accounts were closed because of Capital One’s “woke” ​beliefs and its desire to benefit from the political mood after the January 6, 2021 riot at the U.S. Capitol.

'MISGUIDED' ALLEGATIONS: CAPITAL ONEThe ‌federal ⁠court in Miami has tossed two complaints in the Capital One case, but gave the plaintiffs opportunities each time to submit an amended complaint. Capital One said that the latest version, filed in July, “suffers from the same fundamental flaws as their prior two pleadings.”

Capital One said in Friday’s filing that the Trump Organization’s allegations of political pretext were “misguided” and “based on ​cherry-picked quotations unsupported by the full ​context” of documents submitted ⁠to the court.

“The transaction patterns identified by Capital One are among the types of activity flagged by federal banking guidance,” the filing said.

Since the start of Trump's second term, his ​administration has put pressure on some large banks, echoing conservative complaints that the institutions are ​deliberately targeting the ⁠political right.

Trump signed an executive order in August 2025 barring discriminatory debanking. In January, Trump filed a suit against JPMorgan Chase (JPM.N), opens new tab on the same grounds, underscoring the fraught policy environment Wall Street is navigating during the president’s second term.

In 2019, during his first term, Trump sued ⁠Capital One ​and Deutsche Bank in an attempt to prevent them from sharing financial ​records with Congress as part of a probe led by Democratic lawmakers. Anti-money laundering professionals at Deutsche Bank reportedly flagged a set of transactions, but ​executives ignored them; Deutsche Bank denied the report at the time.

Reporting by Kenrick Cai; Editing by Sergio Non and Rod Nickel

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

Kenrick Cai is a correspondent for Reuters based in San Francisco. He covers Google, its parent company Alphabet and artificial intelligence. Cai joined Reuters in 2024. He previously worked at Forbes magazine, where he was a staff writer covering venture capital and startups. He received a Best in Business award from the Society for Advancing Business Editing and Writing in 2023. He is a graduate of Duke University. Reach him on Signal at @kenrick.01.

As of this writing, McDonald's (MCD +0.82%) stock sits at $270.64. The 52-week high is $341.75, so shares have given up about 21% -- and they now sit just 4% from the bottom of their yearly range. That's an unusual place to find one of the steadiest large businesses in the world, and to me, it's worth a look. At the current price, the stock offers a dividend yield of about 2.7%, and shares cost about 22 times earnings.

A decline like that usually means something went wrong. So, did the business change, or did just the price? The company's last four quarterly reports point one way.

Image source: Getty Images.

The business the stock left behind McDonald's has now posted positive global comparable sales (growth at restaurants open more than a year, the industry's cleanest measure of underlying demand) in each of its last four reported quarters. The streak runs 3.8% in the second quarter of 2025, 3.6% in the third, 5.7% in the fourth, and 3.8% in the first quarter of 2026. The fourth quarter also came with positive guest counts globally, meaning more transactions, not just higher checks.

The U.S. business, which investors have fretted over as lower-income consumers pull back, grew comparable sales 6.8% in the fourth quarter and 3.9% in the first quarter of 2026. The international side kept pace. International operated markets grew comparable sales 3.9% in the first quarter, and the developmental licensed markets, where local partners run the restaurants, grew 3.4%.

Profits followed. First-quarter revenue rose 9% year over year to about $6.5 billion, and operating income climbed 12% to nearly $3 billion -- a 45% operating margin. Earnings per share came in at $2.78, up 7%.

The full year of 2025 told the same story. Revenue rose 4% to $26.9 billion, operating income rose 6%, and earnings per share climbed 5% to $11.95.

That operating margin is the heart of the investment case. Most of McDonald's revenue doesn't come from selling burgers. Of that $26.9 billion in revenue, $16.5 billion came from its franchised restaurants -- rent and royalties collected from operators who put up their own capital and carry the restaurant-level costs.

That structure is why operating margins can sit in the mid-40% range and why profits could hold up through a consumer soft patch.

The loyalty program adds another layer of durability. Members generated over $9 billion in systemwide sales in the first quarter alone, across 70 markets, and loyalty sales for the trailing 12 months topped $38 billion.

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What the price pays for now At $270.64, McDonald's costs about 22 times earnings, based on earnings per share of $12.13 over the past 12 months. When the stock traded at its high of $341.75, those same earnings would have cost about 28 times. And trailing earnings were lower back then, so investors were actually paying more than that. Earnings per share went up over the past year. Only the price went down.

Put another way, the entire 21% decline came from investors paying less per dollar of McDonald's earnings, not from McDonald's earning less. The company's market value has dropped by about $50 billion, to about $191 billion, while the business behind it kept growing.

The dividend helps, too. At $7.44 per share annually, the payout yields about 2.7% at the current price, the direct result of a falling price meeting a steady dividend.

Of course, the picture isn't spotless. Comparable sales growth decelerated from the fourth quarter's 5.7% to 3.8% in the first quarter, and more than half of the first quarter's reported revenue growth came from currency moves rather than underlying demand: On a constant-currency basis, revenue grew 4%, not 9%. If U.S. traffic weakens from here, the comparable sales streak could get tested. And a price-to-earnings ratio of 22 isn't cheap, either. It's a reasonable price for a business of this quality, not a deep discount.

For me, that adds up to a buy. Nobody should buy McDonald's expecting a growth stock. But a business growing comparable sales every quarter, earning mid-40% operating margins on a largely franchised model, and yielding 2.7% is the kind of thing I'd rather own closer to its 52-week low than its high. I'd watch guest counts and U.S. comparable sales from here, since those would show cracks first. But I think the price finally fits the business.

Bob Diamond has a reputation for calling institutional shifts early. The former Barclays CEO and current head of Atlas Merchant Capital used a CNBC appearance on July 31, 2026, to make a pointed prediction: the CLARITY Act is coming, and Circle and Hyperliquid will be its biggest infrastructure beneficiaries.

That is not a casual observation from a casual observer. Diamond’s firm has existing investments in digital payment infrastructure, including exposure to Circle, the company behind the USDC stablecoin.

What the CLARITY Act actually does The bipartisan CLARITY Act, formally H.R. 3633, cleared the Senate Banking Committee with a 15-9 vote. Diamond put the odds of full passage by the end of 2026 at somewhere between 50% and 75%.

The act’s most consequential provision for markets is the regulatory framework it creates around stablecoin yields, telling issuers and platforms exactly what they can and cannot do with yield-bearing stablecoins.

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Circle’s stock on the NYSE, trading under the ticker CRCL, already gave investors a preview of what the market thinks about this dynamic. Shares surged nearly 20% in early May 2026 following the announcement of CLARITY Act rule compromises.

The Hyperliquid angle is more interesting than it looks On August 1, 2026, Hyperliquid announced a partnership with Coinbase to integrate USDC as its canonical stablecoin, replacing the platform’s former native USDH.

As part of that deal, Circle staked 500,000 HYPE tokens on the Hyperliquid network. HYPE is the platform’s native token, trading around $52 with a circulating supply of approximately 220 to 252 million tokens as of early August 2026.

Diamond’s explicit mention of Hyperliquid alongside Circle on a mainstream financial television platform is notable for another reason. Hyperliquid has largely been a crypto-native story until now, well known inside the ecosystem and largely invisible outside it. Having a former Barclays CEO name-check it on CNBC changes the audience that is paying attention.

What this means for investors watching the regulatory cycle Circle sits at the center of the compliant infrastructure tier almost by definition. USDC is already the dominant stablecoin in institutional and DeFi settings where compliance matters, and a formal regulatory framework around stablecoin yields would give Circle a product expansion path that is currently legally uncertain.

Hyperliquid’s bet is that best-in-class trading performance plus regulatory-grade stablecoin rails equals a platform that institutional desks can actually use. The Coinbase partnership provides USDC’s compliance credibility. The HYPE token stake from Circle creates alignment between the two companies at the network level.

The risk here is timeline. Diamond’s 50-75% passage estimate by end of 2026 implies a real chance this bill does not make it through. There is also a competitive risk for Hyperliquid specifically: the on-chain perpetuals and spot trading space is crowded and moving fast, and USDC integration and a Circle alliance do not create a permanent moat on their own.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

The SEC just hit pause on one of the most anticipated Bitcoin derivatives products of the year, and the reason has less to do with Bitcoin itself and more to do with a very old-fashioned regulatory turf war.

Nasdaq PHLX’s proposed cash-settled Bitcoin index options, known as QBTC, have been frozen by the full SEC commission following a jurisdictional challenge from the CME Group. The suspension, effective around July 31, opens a public comment window running through August 24. In plain English: two of the biggest names in traditional finance are fighting over who gets to be the referee for Bitcoin derivatives.

What happened and why it matters Here’s the backstory. The SEC granted Nasdaq conditional approval for the QBTC options back in May 2026 on an expedited basis. The product was designed to track the Nasdaq Bitcoin Index, which divides the CME CF Bitcoin Real Time Index by 100. That same benchmark underpins CME’s own Bitcoin futures and options contracts.

Then CME filed a jurisdictional challenge on or around June 11. The core argument is straightforward: Bitcoin is a commodity, not a security. If that’s the case, cash-settled options based on a Bitcoin index should fall under the exclusive purview of the Commodity Futures Trading Commission, not the SEC.

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The SEC’s conditional approval in May required CFTC exemptions before the product could actually launch. CME’s position is that those exemptions can’t simply shuffle regulatory authority from one agency to another.

Now the full SEC commission is reviewing the matter, effectively putting Nasdaq’s product on ice while the adults figure out who actually has jurisdiction.

The jurisdictional chess match The CFTC has long treated Bitcoin as a commodity. CME already operates regulated Bitcoin futures and options under that framework, making it the incumbent player in the institutional Bitcoin derivatives space. From CME’s perspective, Nasdaq is trying to offer a competing product through the wrong regulatory door.

Nasdaq, on the other hand, went through the SEC’s approval process and got a conditional green light. The exchange likely structured its product to fit within securities regulations specifically to tap into its existing infrastructure and customer base on Nasdaq PHLX, its options exchange.

The QBTC options use the exact same underlying benchmark, the CME CF Bitcoin Real Time Index, that powers CME’s own products. CME is essentially saying: you’re using our index to build a product that belongs in our regulatory sandbox, not yours.

What this means for investors For traders who were gearing up to access Bitcoin options through Nasdaq’s platform, the immediate impact is delay. The review period runs through at least August 24, and there’s no guarantee the SEC will simply rubber-stamp the original approval once the comment period closes.

Two scenarios are now on the table. Nasdaq could be forced to register the product with the CFTC instead, which would mean navigating an entirely different regulatory framework and likely pushing back the launch timeline significantly. Alternatively, Nasdaq could restructure QBTC to fit more cleanly within SEC jurisdiction, though how exactly that would work remains unclear when the underlying asset is widely considered a commodity.

The public comment period closing on August 24 is the next milestone to monitor. How the SEC responds to CME’s challenge, and whether the CFTC weighs in publicly, will shape the regulatory architecture for Bitcoin derivatives for years to come. For now, Nasdaq’s Bitcoin options are stuck in regulatory limbo, and CME is making sure everyone knows it put them there.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

A fraudulent social media campaign targeting the XRP community has surfaced, involving fake announcements that attempt to lure users into handing over their digital assets. Hussein Zangana, director of community at the XRP Ledger Foundation, warned users about the scam in a recent post.

Phishing scam impersonates RippleA popular XRP-focused X account, BankXRP, called attention to a deceptive post claiming Ripple would launch “XRP Holder Tiers.” The message, presented through an impersonation of the official Ripple X account, encouraged users to visit a fake website to claim exclusive XRP badges.

Scammers stated that these tiers would unlock special benefits for holders. By driving traffic to the fraudulent link, they aimed to trick users into connecting their wallets or entering sensitive information, such as seed phrases, which would allow attackers to steal their XRP tokens.

BankXRP emphasized that the real Ripple organization did not issue the announcement, and stressed that neither Ripple nor the XRP Ledger prompts holders to claim badges or register for perks. Security advocates advised the community to avoid interacting with suspicious links, and to be wary of any requirement to share wallet credentials.

XRP leaders: Stay vigilant amid sophisticated scamsHussein Zangana confirmed that the circulating announcement was entirely fraudulent and urged the XRP community to remain alert for similar attempts.

Community leaders pointed to a rising trend of attackers impersonating leading blockchain projects, imitating official messaging, and promoting malicious sites or tokens to deceive users and compromise their funds.

Wietse Wind, a prominent developer in the XRPL ecosystem, separately warned users that there is no “Xaman token,” highlighting an emerging pattern of fake token announcements designed to mislead investors.

Firelight and Flare Network targeted by impersonatorsThe operators of Firelight, an XRP-based liquid staking protocol running on the Flare Network, issued their own alert. In an official statement, Firelight cautioned users to interact only with its verified X account, Discord server, and website, as several fake accounts had begun impersonating the project. The team urged people to ignore these false profiles and to avoid providing any information or assets to fraudulent sources.

The incident highlights the challenges digital asset holders face in monitoring for scams, especially as cybercriminals persistently develop new methods to exploit unsuspecting users. As the ecosystem evolves, platforms like 1stepSwap are emerging to address transparency and security concerns. Through its innovative structure, 1stepSwap makes it possible to access real-world assets such as major US company shares and commodities directly on the blockchain using a personal wallet, streamlining portfolio diversification and ensuring users always receive the best prices available, while eliminating unnecessary intermediaries.

Law enforcement interventionResponding to the surge in crypto-related scams, authorities in Seoul arrested three people this week accused of operating a fraudulent XRP staking platform. Investigators reported that the group impersonated Flare Network and FXRP projects, tricking 71 victims into transferring approximately 3.4 million XRP. The suspected scammers ultimately amassed digital assets worth 27.3 billion won, equal to about $19 million, in their wallets.

Officials noted an increase in criminal tactics such as launching fake staking opportunities or issuing counterfeit utility tokens, underscoring the importance of verifying every detail before engaging with any blockchain project.

The series of incidents underscores the persistent risk facing holders of XRP and other digital assets, who are advised to maintain vigilance and ensure they interact solely with trusted sources for all transactions and project updates.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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

Ripple CTO emeritus David Schwartz hints he remains involved with XRP in a recent X conversation, despite stepping away from day-to-day duties at Ripple.

Schwartz revealed in late September 2025 that he will step down from his day-to-day activities as Ripple CTO at the end of the year. Ahead of the announcement, he spun up his own XRP Ledger node to publish its output data while researching other use cases for XRP.

Now, the Ripple CTO emeritus's recent comments hint that his retirement does not imply abandoning XRP. Schwartz responded to an X user who pointed to his recent observation about the XRP Ledger network, derived from his hub, to suggest that he didn't retire from XRP.

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"If you had any doubt about whether David was retiring from just Ripple or also from XRP," the X user wrote. Schwartz replied, saying, "It was fun spending a few hours working like I used to and having a Zoom call with the team again."

It was fun spending a few hours working like I used to and having a Zoom call with the team again.

— David 'JoelKatz' Schwartz (@JoelKatz) July 31, 2026 Being an original architect of the XRP Ledger, Schwartz's comments have reassured many XRP supporters who questioned whether his retirement marked a complete departure from the XRP ecosystem.

Ripple CTO emeritus observation leads to XRPL fixOn Friday, Ripple CTO emeritus David Schwartz indicated that his hub was experiencing difficulties. The issue caused the hub to lose peers with "onReadMessage: No message of desired type" during negotiation, followed by a connection loss.

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The same issue was confirmed by XRPL Analytics App, xrpl.to, which stated that the problem was network-wide.

Schwartz's contribution to solving the issue may be inferred from his mention of having a Zoom call with the team and working for a couple of hours, which one might assume occurred in this context.

XRP Ledger version 3.2.1 was released shortly after, fixing the manifest flood observed on Friday, July 31. Nodes had previously accepted, stored, and rebroadcast an unlimited number of manifests from unknown validator keys; version 3.2.1 adds four limits to fix the issue.

Dogecoin (DOGE) price is up today by 1.23% today, August 1, to trade at $0.070 at the time of writing. The gains come after DOGE ETFs recorded their first monthly outflows since they started trading in November 2025.

Spot Dogecoin ETFs Record $525K Outflows Since Launch Data from SoSoValue shows that Dogecoin ETFs had $525,980 in outflows in July 2026. This marks the first time that the ETF have recorded outflows since they began trading in November 2025 after getting regulatory approval from the SEC.

Dogecoin ETFs now have total net assets of $9.96 million, with the total cumulative inflows coming in at $12 million.

Dogecoin Spot ETFs The Grayscale Dogecoin ETF is the biggest one with net assets of $6.83 million, and it was the only one that recorded flows in July 2026

Dogecoin was also the only other ETF, apart from Hyperliquid (HYPE), to post net outflows in July 2026.  DOGE ETFs saw only one day of inflows in July 2025, per an earlier report by CoinGape.

Dogecoin Price Prediction as Weekly SMA Death Cross Emerges The weekly chart for Dogecoin price shows that it has created a death cross with the 50-week SMA moving below the 200-week SMA.

This cross usually suggests that bears have tightened their grip and the price of Dogecoin could move lower.

The MACD line that is negative also supports a bearish long-term Dogecoin price forecast.

Dogecoin price could drop to the October 2023 low of $0.056 if it closes below the support of $0.070.

This drop could come from panic selling, considering that it is the first time that Dogecoin price is forming a death cross on its weekly chart.

DOGE Price Chart The drop to $0.056 could also occur because of an increase in selling pressure due to escalating geopolitical tensions after President Trump threatened to launch “very hard strikes” on Iran.

Derivatives Market Analysis Data from Coinglass shows that the open interest on Dogecoin has increased by 0.06% to $1.08 billion.

Despite this increase, Dogecoin’s OI remains six times lower than the $6 billion reported in September 2025. This drop suggests a drop in the speculative demand for DOGE futures positions.

Dogecoin Futures Data However, short sellers continue to increase their bets that the price of Dogecoin will keep dropping after the long/short ratio dropped to 0.82.

Still, long buyers who are betting against the downtrend continue to count losses after long liquidations reached $3.6 million, higher than the $22,000 in short positions.

Stellar XLM has strengthened its position as a leading blockchain for tokenized real-world assets, with the network now hosting $3.06 billion in such assets across 70 products. This growth firmly places Stellar XLM as the second-largest blockchain for tokenized assets, trailing only Ethereum, based on data shared by wallet platform Scopuly.

Stablecoin growth and asset accumulationThe latest figures reflect deepening institutional interest in Stellar as a payment and tokenization network. Over the past month, Scopuly observed a 5.88% increase in tokenized real-world assets on the network, highlighting robust ongoing adoption from asset issuers and stablecoin providers.

According to Scopuly, Stellar’s stablecoin supply expanded by 38.3% during the same period, marking another significant milestone. This rise comes amid growing demand from issuers leveraging Stellar’s infrastructure for both retail and institutional use cases.

Monthly transaction volume for stablecoins on Stellar climbed to $6.45 billion, underlining the network’s role as a major payment rail within the digital asset ecosystem. Despite this increase in stablecoin activity, total real-world asset transfer volume dropped to $386 million during the same interval, indicating a shift towards asset accumulation versus immediate trading or transfers.

Scopuly identified this pattern as characteristic of Stellar’s current development phase, noting that assets are building up on the blockchain faster than they are being moved or exchanged. The platform expects the next strategic shift to focus on turning these holdings into higher transaction activity as institutional infrastructure projects further mature.

Tokenized real-world assets on Stellar XLM have reached $3.06 billion across 70 products, positioning the blockchain as the second-largest for real-world asset tokenization after Ethereum. Monthly stablecoin volume also achieved $6.45 billion amid rising issuance from major providers.

Upcoming integrations, such as with Depository Trust and Clearing Corporation, are expected to drive more asset flow on Stellar. Meanwhile, the network is becoming increasingly attractive to tokenized treasury operators and stablecoin issuers aiming for efficient settlement solutions.

For those closely watching market data and technical patterns, new all-in-one tools like CryptoAppsy provide a comprehensive user experience by merging real-time prices, detailed charts, and portfolio management. Investors can react instantly with smart price alerts, filter news for specific coins, explore new altcoin launches, and monitor macroeconomic data including Fed decisions—all within a single screen environment, allowing them to stay at the forefront of market movements.

Technical outlook for XLM priceOn the technical analysis front, crypto trader CG_trades presented an alternative scenario for XLM price movement based on Elliott Wave theory. The analysis suggests that XLM is tracing a multi-year macro inverse ABC cycle. Under this framework, wave A concluded at the 2017 peak, with XLM currently residing in an ascending triangle formation as part of wave B.

This chart pattern reflects a lengthy accumulation stage before potential upward movement. According to CG_trades, wave E could finish near the 2020 trendline at a price range of $0.11 to $0.12. Should XLM rally after completing wave E, the next target for cycle wave C may extend between $8.36 and $32, offering a wide potential range for future appreciation.

The current technical setup sees XLM forming an ascending triangle as part of a broader macro cycle. If the price maintains support above the 2020 trendline, longer-term targets between $8.36 and $32 are possible, pending a reversal after wave E completes.

This technical perspective gives an alternative to the fundamentally driven outlook from Scopuly, with one focusing on network usage and asset value while the other leans on previous market cycles and pattern recognition. Both approaches highlight varying, potentially complementary views as analysts assess Stellar XLM’s future role in the blockchain sector.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

In its fiscal third quarter (ended May 28, 2026), memory specialist Micron Technology (MU -5.90%) booked $41.5 billion of revenue -- more than it generated in any full fiscal year in its history. Its best year ever, fiscal 2025, brought in $37.4 billion.

The market spent Thursday deciding the story has further to run. Shares jumped 18.4% to $874.66 after Samsung told investors it expects the memory shortage to worsen in 2027 and continue into 2028. Micron's market value stood near $988 billion at Thursday's close, and the stock would need a climb of more than 40% to revisit its high of $1,255.

So, where could the stock realistically be in 2030? I think the honest answer has to take memory's history as seriously as its moment.

Image source: Micron.

What the boom is delivering The scale here is worth spelling out. Revenue of $41.5 billion was up nearly 350% year over year, from $9.3 billion, and up from $23.9 billion just one quarter earlier.

Profits are keeping pace. GAAP net income came in at $28.2 billion, helped by a gross margin of 84.6%. Operating cash flow was $25.4 billion, up from $11.9 billion the prior quarter and $4.6 billion in the year-ago period.

And even after $7.1 billion of capital expenditures, Micron generated $18.3 billion of adjusted free cash flow in a single quarter.

Even more, management expects a bigger quarter ahead. Guidance for the fiscal fourth quarter calls for roughly $50 billion of revenue, give or take a billion, at a gross margin near 86% -- with earnings of about $30.73 per share. Annualize that guided pace, and Micron is running at about $123 of earnings per share. At Thursday's close, the stock trades at about 7 times its guided earnings power. Measured against the past 12 months instead, shares go for about 20 times earnings. The distance between those two numbers is the market saying it doesn't trust the boom to hold.

The company also argues that this cycle is built differently.

"We believe our multi-year Strategic Customer Agreements will significantly enhance the durability and predictability of Micron's strong financial performance," said CEO Sanjay Mehrotra in the fiscal third-quarter earnings release.

Locked-in customer commitments, plus HBM4 (Micron's latest high-bandwidth memory for artificial intelligence (AI) accelerators) already shipping in high volume and its successor, HBM4E, pointed at 2027, form the case for this boom outlasting past ones.

What the cycle says about 2030 Zoom out, however, and memory's history argues for caution. In fiscal 2023, an oversupplied market roughly halved Micron's revenue to $15.5 billion, and the company lost $5.8 billion. That was three years ago -- same company, same industry. After all, booms in this business have always financed the supply that eventually ends them, and prices like today's are an open invitation for rivals to add capacity.

So build the range from both truths.

If contracted pricing holds and AI demand keeps absorbing supply into the decade, earnings power in the $120-per-share range could persist or even grow. Give that a multiple of 10 to 12 (arguably modest for a business this profitable), and the stock sits somewhere around $1,200 to $1,500 by 2030.

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If the cycle turns the way it always has historically, however, the math changes completely. Suppose earnings settle toward a mid-cycle level -- call it $40 to $60 per share, somewhere between fiscal 2025's $7.59 and today's triple digits. At 10 to 12 times, that's a stock somewhere between $400 and $700.

Split the difference, and the expected range is about $800 to $1,100, close to where the stock already trades. The midpoint of this range implies only modest returns from Thursday's $874.66. The market, it seems, has priced the middle path: several more boom quarters, then a slide toward normal.

That framing shapes what I'd do. I'd consider owning Micron here, but only modestly. The contracts and the product lineup make this boom sturdier than the last one, and 7 times guided earnings is not a price that requires perfection.

But memory has never gone in one direction for long, and I don't expect 2030 to arrive without another turn of the cycle. My base case is that the stock lands in the $800 to $1,100 range by then, with plenty of room to be wrong in either direction. If the fiscal fourth-quarter report (likely this fall) shows the supply agreements holding prices the way management promises, the higher end gets more believable.

SoFi Technologies (SOFI -0.97%) just can't get any market love these days. The neobank continues to demonstrate outstanding performance, and its stock continues to drop. After its second-quarter results were released on Wednesday morning, with record revenue and profits, SoFi stock fell another 13% as of this writing.

Is this just a continuation of negative sentiment that won't vanish? Or is the stock ripe for buying at the current price?

The cross-buy strategy is working SoFi is making its name as a major player in U.S. consumer banking. It continues to add new customers at a rapid pace, but it's also generating higher revenue through its cross-buy strategy. Management sees the company's differentiating factor as being a "one-stop shop" for all your digital banking needs, and as it onboards new customers and gets them to add new products, it's enjoying a flywheel effect of higher revenue and profits.

Image source: SoFi.

Here are some of the second-quarter highlights:

Adjusted net revenue increased 40% year over year to $1.2 billion. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 44% to $358 million. Adjusted earnings per share (EPS) rose 50% to $0.12. Record loan originations of $14.8 billion, up 69%. Member growth was 35%, with 1.1 million new customers. Product growth was 42%, with 2.2 million new products. These last two points are important as they indicate the company's cross-sell strategy is working. Cross-buy accelerated to 51% in the quarter, with two new products for every new customer.

CEO Anthony Noto attributed this to the company's innovation engine. SoFi recently launched a slew of new products and features, like SoFi Coach, an artificial intelligence (AI) powered financial advisor, and Composer, a newly acquired investment AI agent.

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Although SoFi is not an investment bank, it does offer investing services, and it was one of the five brokerages chosen for the record-breaking Space Exploration Technologies initial public offering (IPO). It's also participating in the high growth of large investment banks that benefited from strong equities activity in the second quarter, and brokerage revenue increased 141%.

Why the market's down on SoFi stock It's not the first or even second time SoFi stock has dropped after an excellent earnings report. Usually, I'd say that as an expensive stock, there's so much priced into the stock that any imperfection will send it down. But at 19 times next year's earnings, SoFi looks quite reasonably priced for the kind of growth it's demonstrating.

What seems to have it riled up right now is that while management raised the full-year revenue outlook, it kept the profit outlook steady. Management says, however, that it now anticipates two rate hikes instead of two rate decreases, which drove its original guidance, and it's also plowing profits back into the business to capitalize on its opportunity.

I'm bullish on SoFi long-term, but if you do buy it now, be prepared for volatility along the stock's journey.

Uber has partnered with — and in some cases made direct investments in — more than 30 autonomous vehicle companies over the past two years. And it’s taking a global approach.

Here, TechCrunch tracks every one of those moves in one place. But first, a bit of history. 

Uber was, at one time, developing and testing its own autonomous vehicle (AV) technology. The company, then led by Travis Kalanick, created Uber Advanced Technologies Group (ATG) in 2014 and recruited dozens of researchers from Carnegie Mellon University’s robotics program. 

Two years later, Uber acquired Otto, a self-driving truck company founded by former Google self-driving engineer Anthony Levandowski, Lior Ron, Don Burnette (who has since gone on to found Kodiak AI), and Claire Delaunay. Uber also began testing its AVs on public streets in 2016 across California, Pittsburgh, and Arizona. 

All of that progress unraveled across three defining moments: Waymo’s trade secrets lawsuit against Uber, the resignation of Kalanick in 2017, and a fatal crash in Tempe, Arizona, in 2018 involving its self-driving Volvo XC90, which struck and killed a pedestrian. (The vehicle was in autonomous mode, and a human safety operator behind the wheel at the time wasn’t paying attention.) Uber suspended its testing and reorganized the program, although it never truly returned to its mission.

After Dara Khosrowshahi took the wheel at Uber, the company went through a reset. 

In 2020, Uber walked away from all of its moonshots, including autonomous vehicles, to focus on its core businesses of ride-hailing and delivery using human-driven vehicles. Uber sold Uber ATG to Aurora, Jump to Lime, and Elevate to Joby Aviation. It didn’t completely divest, though. Uber kept equity stakes in all of them.

Just two years later, Uber crept back in and started making AV deals. The deal flow picked up in earnest in 2024. Below is the full list, which TechCrunch will keep updated as Uber makes new moves.

Aurora Image Credits:Aurora Innovation Uber has been connected with Aurora since 2020 when, as mentioned above, it sold its Uber ATG unit to the company. Uber received equity in Aurora as part of that deal and still owns that stake. As of this past April, Uber, through its holding company Neben Holdings, owns 325.97 million Aurora Class A shares, representing a 19.7% Class A equity stake and 6.9% voting power, according to SEC filings. 

Uber Freight, the logistics business spun out of Uber in 2018, announced in June 2024 a multi-year collaboration with Aurora that expanded upon an existing pilot program. In May 2025, the companies said Aurora’s self-driving trucks had been completing roundtrip hauls between Dallas and Houston via the Uber Freight platform. 

Autobrains In June 2026, the companies announced plans to launch a robotaxi program in Munich, pending regulatory approval. The partnership lacks some details, such as what vehicle will be used. The companies pitched this as an OEM-agnostic model. Vehicles will be equipped with Israel-based Autobrains’ agentic AI driving system, which runs on Nvidia’s Drive Hyperion platform. The robotaxis will be available via Uber’s app. 

Avomo Avomo, a European company that was previously known as Moove Cars, is an autonomous fleet operator partner. Uber actually took a 30% stake in Avomo in 2021. 

And while Avomo might not have the same name recognition as other players, it is embedded in Uber’s AV business. For instance, it is the company responsible for managing fleet services such as vehicle cleaning, maintenance, inspections, charging, and depot operations for the Waymo-Uber partnership in Austin. Avomo also handles fleet operations for Uber as part of its robotaxi service agreement with WeRide in Madrid, which was announced in June 2026. 

Important note: don’t mistake Avomo (formerly Moove Cars), for Moove, an African company that manages Waymo’s AV fleet in Phoenix.

Avride Image Credits:Avride Avride, the Yandex spinout now under parent company Nebius Group, announced a multi-year deal with Uber in October 2024 to bring Avride’s sidewalk delivery robots and autonomous vehicles to both Uber’s delivery unit, Uber Eats, and Uber’s ride-hailing app. 

In February 2025, Uber shared in its fourth-quarter earnings that Uber Eats orders in Austin and Dallas were being delivered via autonomous sidewalk robots in partnership with Avride. Avride disclosed in fall 2025 that it had secured strategic investments and commercial commitments worth $375 million from Uber and Nebius. Neither company provided details on the investment and how much was capital. 

By the end of 2025, Avride robotaxis — built on Hyundai IONIQ 5s outfitted with Avride’s self-driving system — were available on the Uber app in Dallas. The National Highway Traffic Safety Administration opened an investigation into Avride in May 2026 after identifying more than a dozen crashes and one minor injury.

As of this past June, these were not driverless and still had a human safety operator behind the wheel. 

Baidu Uber announced a multi-year strategic partnership with the Chinese tech giant in July 2025. Under the agreement, thousands of Baidu’s Apollo Go autonomous vehicles will be deployed on the Uber platform in multiple markets outside the U.S. and mainland China. Those deployments were set to start in Asia and the Middle East later in 2025, the companies said at the time.

In late 2025, Baidu said it would start testing Apollo Go robotaxis in London in the first half of 2026 through its partnership with Uber. As of June, those tests had not begun. 

Cartken  The sidewalk delivery robot company started working with Uber in 2022, announcing a partnership to deliver food in Miami, with plans to add more cities in 2023. The two companies expanded to commercial deliveries in Fairfax, Virginia that same year and, in February 2025, announced that they were delivering food in Osaka, Japan, using Cartken robots.

Cartken shifted its focus to industrial robots by summer 2025. The company said it would maintain its food and consumer last-mile delivery business, but had no plans to expand it. 

Coco A Coco robot in Santa Monica, California on August 14, 2024.Image Credits:James D. Morgan / Contributor / Getty Images In 2024, the two companies announced a partnership to use Coco’s sidewalk robots to deliver food for Uber Eats customers, starting in Los Angeles. The partnership expanded to neighborhoods in Miami in April 2025.

Cruise Uber and GM’s Cruise announced a strategic partnership in August 2024 to bring Cruise’s robotaxis onto the Uber app in 2025. That announcement was notable for Cruise, which had gone through a major overhaul, including layoffs and the resignation of its co-founders after one of its robotaxis struck a pedestrian in October 2023.

The Cruise reboot never got off the ground; in December 2024, citing high costs and mounting competition, GM pulled the plug on Cruise’s robotaxi business entirely and folded the unit into its broader engineering operations.

The partnership no longer exists because — welp — Cruise itself doesn’t, at least not as a robotaxi company. But at one time, the two companies had struck a deal.

Flytrex Uber announced in September 2025 a partnership with drone delivery company Flytrex. The partnership also included a small investment in Flytrex, although the amount was not disclosed.

Hertz  Hertz isn’t developing autonomous vehicle tech, but it’s still worth including the rental car company here. In April of this year, Uber formed strategic fleet partnerships with Hertz and its affiliated operating company Oro Mobility. 

This deal is part of Uber’s plans to launch a premium robotaxi service using Lucid vehicles equipped with Nuro’s self-driving system. Hertz has been tasked with day-to-day fleet management, including charging, maintenance, repairs, cleaning, and depot staffing. 

Lucid Image Credits:Uber Uber has put real money behind EV maker Lucid Motors. Uber announced plans in 2025 to launch a premium robotaxi service using robotaxi-ready vehicles from Lucid. Initially, Uber said it would invest $300 million into Lucid and separately buy at least 20,000 of its Lucid Gravity SUVs over six years. The vehicles will be equipped with Nuro’s self-driving system. 

In April, Uber upped its order and investment. Lucid received another $200 million from Uber, which also increased its minimum order to 35,000 vehicles. The order includes Lucid’s upcoming mid-sized platform. Uber now owns more than 11% of Lucid as part of investments it has made alongside the vehicle orders.

May Mobility  Image Credits:May Mobility The Michigan-based autonomous vehicle startup reached an agreement with Uber in May 2025 to deploy its AVs through the app by the end of that year, starting in Arlington, Texas.

Uber and May Mobility announced plans at the time to expand to other U.S. markets in 2026 and “deploy thousands of AVs” over “the next few years,” according to the startup.

As of June, Arlington, Texas, remains the only market where customers using the Uber app can hail a May Mobility vehicle. 

Mercedes In January of this year, Mercedes-Benz announced it was collaborating with Nvidia to create a robotaxi ecosystem using self-driving S-Class sedans that would be on the Uber ride-hailing platform. No specific cities have been announced.

Momenta  The Chinese autonomous driving tech company reached an agreement with Uber in May 2025 to add its robotaxis to the app, starting in Europe in early 2026, with safety operators on board.

A few months later in September 2025, the Beijing-based company and Uber said they would start testing robotaxis in Munich, Germany in 2026. 

Motional  A Hyundai Ioniq 5 powered by Motional on Uber’s network in Las VegasImage Credits:Motional Motional, a subsidiary of Hyundai, has been working with Uber in some form since 2021 when the companies announced plans to launch autonomous deliveries in Santa Monica. This was considered a pilot and never became a commercial program or used fully driverless vehicles. 

The companies expanded the partnership in October 2022 with a 10-year operating agreement that will eventually roll out to major cities across North America; Las Vegas and Los Angeles were among the first named cities. While Motional and Uber remain partners, a commercial driverless service (meaning no human safety operator behind the wheel) has yet to materialize. 

Motional went through a reboot in 2024, taking a new AI-centric approach to its self-driving system. In March 2026, Motional’s self-driving Hyundai Ioniq 5 vehicles were added to the Uber app in Las Vegas for autonomous rides to and from five areas of the city. Human safety monitors are still riding along

New Horizon New Horizon is a fleet management company involved in Uber’s agreement with Baidu to bring the Chinese company’s Apollo Go autonomous ride-hailing service to Dubai.

Nissan Nissan is part of Uber’s partnership agreement with Wayve. In March of this year, Uber announced plans to add self-driving Nissan Leaf EVs to its network in Tokyo, powered by Wayve’s tech. (See the Wayve entry below for more.)

Nuro Image Credits:Nuro The self-driving tech startup has been tied to Uber since at least 2022, but the relationship has changed. Initially, Nuro was developing a custom-built delivery vehicle designed for the roadway. Uber and Nuro announced a 10-year partnership in 2022 to launch autonomous deliveries in Mountain View, California, and Houston starting that fall. 

Nuro pivoted away from the delivery vehicle and decided to focus on licensing its self-driving tech to automakers and robotaxi operators. Uber stuck with Nuro and in 2025 announced a landmark deal to launch a premium robotaxi service using Lucid Gravity SUVs equipped with the startup’s self-driving system. 

San Francisco will be the first market. In June of this year, the companies announced the second market will be Houston. Uber has also invested in Nuro. Sources familiar with the financial terms have told TechCrunch that Uber’s total commitment to Nuro, which includes its participation in the startup’s Series E round in 2025 and future milestone-based investments, is about $500 million.

Nvidia Uber first publicly talked about Nvidia in January 2018, a different era for both companies. Uber picked Nvidia to provide AI computing for its autonomous software. With Uber’s in-house AV program sold off in 2020, that deal ended. 

Fast forward to CES 2025, when Uber said it would use Nvidia’s generative world model simulation tool, Cosmos, and cloud-based AI supercomputing platform, DGX Cloud, to support the development of AV tech. Uber didn’t share many details at the time about how it planned to use these Nvidia tools. 

In October 2025, Uber and Nvidia announced plans to use Nvidia’s Hyperion autonomous platform to accelerate Uber’s robotaxi program. As part of that announcement, Stellantis committed to delivering at least 5,000 Nvidia Drive-powered vehicles to Uber for robotaxi operations in the U.S. and internationally — one of the first automakers to do so.

In March of this year, the companies expanded the partnership and announced plans to launch a global fleet of entirely Nvidia software-driven autonomous vehicles, starting in Los Angeles and San Francisco in the first half of 2027 and scaling across 28 cities globally by 2028. The companies said the vehicles will run Nvidia’s Drive Hyperion platform and use Alpamayo, Nvidia’s family of open-source AI models, datasets, and simulation tools designed to handle complex driving situations.  

Pony.ai Image Credits:Uber / Rimac The Guangzhou, China-based company and Uber announced a partnership in May 2025 with an eye on the Middle East. The companies planned to launch a pilot that year that would make

Pony.ai’s robotaxis (with a safety operator on board) available on the Uber app.

In March 2026, Uber, Pony.ai, and Croatian company Verne announced plans to launch a commercial robotaxi service in Europe, starting in Zagreb, Croatia. Pony.ai will supply the autonomous driving system and a robotaxi called the Arcfox Alpha T5 that was developed with Chinese automaker BAIC. Verne will own and operate the fleet, and Uber will provide its vast ride-hailing network. 

Rivian  This unexpected deal, which was announced in March 2026, could be worth up to $1.25 billion for Rivian. Under the agreement, Rivian will build thousands of robotaxis based on its new R2 SUV and will be equipped with the EV maker’s self-driving system, which is still under development. 

Uber made an initial $300 million investment in Rivian and is “expected to purchase 10,000 fully autonomous R2 robotaxis” ahead of a planned rollout in San Francisco and Miami in 2028. The two companies said at the time they plan to launch the robotaxis in “25 cities in the U.S., Canada, and Europe by the end of 2031.” The fleet will be exclusively available on Uber’s network.

Serve Robotics Image Credits:Uber The sidewalk delivery robot startup is rooted in Uber, sort of. In 2020, Uber acquired on-demand delivery startup Postmates. The following year, the robotics division known as Postmates X spun out as an independent company called Serve Robotics.

Uber also invested in Serve, which went public in 2024 through a merger with a blank-check company.  

Uber Eats has used Serve Robotics’ robots for a few years in the United States. 

Starship Technologies Sidewalk delivery robot company Starship Technologies struck a deal with Uber’s delivery unit Eats in November 2025. Under the deal, Starship robots will deliver food orders via the Uber Eats app in multiple European countries in 2026 and eventually expand to the U.S. in 2027.

Stellantis The automaker announced in June 2026 a deal with self-driving startup Wayve, and Uber to jointly develop and deploy driverless robotaxis. Stellantis and Wayve, which Uber has invested in, were already working together. This deal brings all of the components together: automaker, self-driving tech, and ride-hailing network.

The companies have agreed to work together on vehicle integration, testing, and validation before Stellantis-made vehicles equipped with Wayve’s tech are deployed in the real world, and specifically across Europe and North America.

Tawasul The UAE-based Tawasul is another operator andpartnered with Uber in 2024 to provide fleet management services for Uber’s WeRide robotaxi service in Abu Dhabi. 

Torc Robotics Uber Freight, the logistics company that spun out of Uber in 2018, announced a partnership in late December with Torc Robotics, a self-driving trucks company that was acquired by Daimler in 2019. The partnership has largely focused on data.

Torc has used Uber Freight to analyze volume patterns, shippers’ networks, and other data that will help it identify the most effective lanes and most suitable commercial applications for autonomous trucking deployment.

Verne  Uber’s relationship with Verne is pretty fresh. The company, formed by Rimac Group founder Mate Rimac, reached an agreement in March 2026 to launch a commercial robotaxi service in Europe, starting in Zagreb, Croatia. Pony.ai, the third partner, is supplying the self-driving system. Verne will own and operate the fleet of vehicles made by Chinese automaker BAIC.

Uber also planned to invest in Verne, although the terms have not been disclosed. 

Volkswagen/MOIA Image Credits:MOIA/Volkswagen / Volkswagen’s subsidiary MOIA America and Uber announced plans in 2025 to launch a commercial robotaxi service using autonomous versions of Volkswagen’s electric ID. Buzz minivan. The companies said robotaxis will launch in multiple U.S. cities over the next decade. Los Angeles is the first city.

The companies, which have set up a joint facility in Los Angeles for day-to-day fleet operations, said in April 2026 that a robotaxi service would launch later in the year, with a human safety operator on board. Driverless operations are expected to begin in 2027.

Volvo Autonomous Solutions Uber Freight, which connects companies that need to ship goods with truck drivers and fleet carriers, first partnered with Volvo Autonomous Solutions in 2023. Two years later, the companies said the partnership was moving “out of the planning stage and delivering tangible results.”

Volvo’s VNL Autonomous truck, which was built with redundancies to support self-driving tech developed by Aurora Innovation, began delivering loads for Uber Freight customers between Dallas and Houston. Those routes have since expanded.

Waabi The Uber and Waabi relationship is also a deep cut. The founder and CEO, Raquel Urtasun, previously worked at Uber as chief scientist at its autonomous vehicle division, Uber ATG, which Uber sold to self-driving trucking firm Aurora Innovation in 2020.

Urtasun founded Waabi in 2021 with an initial focus on self-driving trucks. Uber was among the investors that participated in its $83.5 million Series A round. Waabi and Uber got a lot closer in 2026. In January, Waabi raised $1 billion — $750 million in a Series C round and about$250 million in milestone-based capital from Uber to support the deployment of robotaxis equipped with Waabi’s self-driving system. 

Waymo Image Credits:Waymo/Uber The Alphabet-owned company first partnered with Uber in May 2023, when it agreed to bring some of its robotaxis on the Uber platform, starting in Phoenix. The relationship in Phoenix is limited since Waymo customers can also directly hail a robotaxi using the company’s own app.

The following year, the companies announced an expansion to Austin and Atlanta, although this time the Waymo robotaxis could only be accessed via the Uber app. The Austin service launched in March 2025, followed by Atlanta by June 2025. 

The relationship has not expanded since; it has actually shrunk. The companies ended their Phoenix partnership in last month, in July. Waymo is now working to get out of its contract with Uber, which doesn’t end until May 2028.

Wayve Image Credits:Nissan The buzzy UK self-driving startup has both partnered with and received capital from Uber. In February 2026, Wayve raised $1.2 billion in a round that included returning backers Microsoft, Nvidia, and Uber. The total raise could reach $1.5 billion thanks to another $300 million from Uber contingent on deploying robotaxis, beginning in London.

In March 2026, Uber announced plans to add self-driving Nissan Leaf EVs to its network in Tokyo, powered by Wayve’s tech. A pilot has been scheduled for late 2026. Under the deal, Wayve will integrate its AI-powered, self-driving software into a Nissan Leaf, which will be available on Uber’s ride-hail network in Japan.

WeRide   Image Credits:WeRide The Chinese robotaxi company is one of Uber’s more prolific partners. It publicly disclosed the partnership in September 2024 and shared plans to bring WeRide robotaxis to the Uber platform, starting in Abu Dhabi. The service launched in December 2024 with human safety operators and went driverless in November 2025. WeRide robotaxis launched on the Uber app in Dubai in late 2025. 

Uber expanded the partnership to bring WeRide’s AVs to 15 more cities by 2030, including in Europe. In these cities, WeRide’s robotaxis will be available through the Uber app, and Uber will be responsible for fleet operations. As part of the expansion, Uber increased its investment into WeRide by $100 million. Uber has since revealed some of those cities, including Madrid and Zurich.

In February 2026, the partnership expanded again with the companies agreeing to deploy at least 1,200 robotaxis across the Middle East. The deployment, which will span Abu Dhabi, Dubai, and Riyadh, Saudi Arabia is expected to be completed as soon as 2027.

Zoox The Amazon-owned company is an Uber latecomer. The companies announced a strategic partnership in March 2026 to deploy Zoox robotaxis on the Uber app in Las Vegas this year and in Los Angeles in 2027.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Lucid Group (LCID -9.11%) stock soared this week ahead of its earnings report on Aug. 4. That wasn't the reason for the rally, though. A billionaire investor bought a stake in the company, helping shares jump 17% from last Friday's close, according to data provided by S&P Global Market Intelligence.

Lucid's largest shareholder is Saudi Arabia's sovereign wealth Public Investment Fund (PIF). The PIF has participated in multiple investment rounds, and the electric vehicle (EV) maker has a manufacturing facility in the Kingdom.

That plant currently handles vehicle assembly using parts imported from the U.S., but Lucid also plans to produce vehicles there in full. This week, a well-known Saudi investor also took a stake in the EV maker.

Image source: The Motley Fool.

Saudi billionaire Prince Alwaleed bin Talal Al Saud revealed a passive 5% ownership in Lucid Group in a Securities and Exchange Commission (SEC) filing on July 28, 2026. He acquired 19.5 million Class A common shares during a market downturn when Lucid's market value dropped below $2 billion.

The Saudi prince is known for his large investments in big, global tech companies. That explains why investors jumped into Lucid after learning of his stake. But blindly following another investor, no matter how successful, isn't necessarily a smart strategy.

Lucid's upcoming report on Tuesday, Aug. 4, after the market closes, is what investors should focus on. The company is counting on its new Gravity SUV and self-driving technology to boost sales. Any related news is what should guide investors' next move with Lucid stock.

Howard Smith has positions in Lucid Group. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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Audent Global Asset Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 20.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,271 shares of the e-commerce giant’s stock after selling 4,970 shares during the quarter. Amazon.com comprises approximately 4.2% of Audent Global Asset Management LLC’s holdings, making the stock its 7th largest holding. Audent Global Asset Management LLC’s holdings in Amazon.com were worth $4,014,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AMZN. Brighton Jones LLC raised its stake in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after buying an additional 54,987 shares during the period. Highview Capital Management LLC DE increased its holdings in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after buying an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $2,153,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes Several research analysts recently issued reports on AMZN shares. Guggenheim reissued a “buy” rating and issued a $320.00 price target (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Scotiabank reaffirmed an “outperform” rating and set a $325.00 price objective (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. HSBC reissued a “buy” rating and issued a $310.00 target price on shares of Amazon.com in a report on Friday. Rosenblatt Securities raised their target price on Amazon.com from $332.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price target on shares of Amazon.com in a research report on Friday. Fifty-six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $322.12.

Check Out Our Latest Report on AMZN

Insider Transactions at Amazon.com In other news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $7,562,500.00. Following the sale, the chief executive officer directly owned 471,361 shares in the company, valued at $129,624,275. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $262.38, for a total value of $620,003.94. Following the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at $31,427,876.40. This represents a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 135,719 shares of company stock worth $36,438,002. Company insiders own 8.90% of the company’s stock.

Trending Headlines about Amazon.com Here are the key news stories impacting Amazon.com this week:

Positive Sentiment: Amazon reported record quarterly sales of $200.6 billion, up nearly 20% year over year, while earnings per share of $5.75 significantly exceeded the $1.82 consensus estimate. Operating income rose 43% to $27.5 billion. Amazon second-quarter results Positive Sentiment: AWS revenue accelerated 37% to $42.2 billion—its fastest growth in 18 quarters—beating expectations as enterprise AI demand strengthened. The result helped ease concerns that Amazon’s massive AI infrastructure investments would not produce adequate returns. Amazon AWS growth Positive Sentiment: Advertising revenue climbed 26% to approximately $19.8 billion, while stronger e-commerce activity and robotics-supported fulfillment added to the broad-based quarterly beat. Positive Sentiment: Multiple firms raised their price targets following the results, including JPMorgan to $365, Benchmark to $400, Truist to $350, and RBC to $330. Analysts cited accelerating AWS growth, AI monetization and margin potential. Amazon analyst price targets Positive Sentiment: Amazon completed the remaining $35 billion of its planned OpenAI investment, bringing its total commitment to $50 billion. The partnership could support future AWS demand, although it also increases capital commitments. Amazon OpenAI investment Neutral Sentiment: Amazon raised its 2026 capital-spending outlook to $220 billion to expand AI and cloud capacity. Management sees demand extending into 2028, but the scale of spending will keep free cash flow and funding requirements under scrutiny. Neutral Sentiment: The company expects third-quarter revenue of $197 billion to $202 billion, below the roughly $204.6 billion analyst consensus, creating a potential near-term headwind despite the strong quarter. Negative Sentiment: Amazon faces consumer lawsuits alleging misleading seafood sustainability claims and the sale of protein powder allegedly contaminated with heavy metals. The cases could create legal, reputational and compliance costs, though their financial impact is currently unclear. Amazon consumer lawsuit Amazon.com Price Performance Shares of AMZN opened at $271.58 on Friday. The stock has a 50 day simple moving average of $245.70 and a 200 day simple moving average of $236.22. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The firm has a market capitalization of $2.92 trillion, a PE ratio of 21.85, a P/E/G ratio of 1.75 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 19.59%. The company had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. During the same quarter in the prior year, the company earned $1.68 earnings per share. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 7.84 EPS for the current fiscal year.

Amazon.com Profile (Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Featured Stories Five stocks we like better than Amazon.com Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case Apple’s Record Quarter Could Not Outrun Its Guidance Problem McKesson’s Compounding Keeps Adding Up Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

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Argent Capital Management LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 9.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 204,904 shares of the financial services provider’s stock after selling 21,859 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.9% of Argent Capital Management LLC’s portfolio, making the stock its 15th biggest position. Argent Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $60,275,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Timmons Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $27,000. MBM Wealth Consultants LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $29,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $32,000. Osbon Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $35,000. Finally, Turning Point Benefit Group Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $35,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes Several equities research analysts have recently commented on JPM shares. Autonomous Res decreased their price target on JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $370.00 to $384.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $375.00 to $384.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $358.67.

View Our Latest Stock Report on JPM

JPMorgan Chase & Co. Stock Performance Shares of JPMorgan Chase & Co. stock opened at $352.18 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.85. JPMorgan Chase & Co. has a 1 year low of $279.10 and a 1 year high of $359.30. The firm’s 50-day simple moving average is $328.81 and its 200-day simple moving average is $311.88. The firm has a market cap of $943.68 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.44 and a beta of 0.99.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. The firm had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm’s revenue was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.96 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 24.27 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were issued a $1.50 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.71%.

Insider Buying and Selling at JPMorgan Chase & Co. In other news, CFO Jeremy Barnum sold 3,022 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total transaction of $935,037.02. Following the transaction, the chief financial officer owned 32,438 shares in the company, valued at approximately $10,036,641.58. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,468 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $300.27, for a total value of $1,641,876.36. Following the completion of the transaction, the general counsel owned 46,428 shares in the company, valued at $13,940,935.56. This represents a 10.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 18,876 shares of company stock valued at $5,907,051. Corporate insiders own 0.41% of the company’s stock.

More JPMorgan Chase & Co. News Here are the key news stories impacting JPMorgan Chase & Co. this week:

Positive Sentiment: New ETF expands fee-generating asset-management platform: J.P. Morgan Asset Management launched the actively managed JPMorgan U.S. Large Cap Value Plus ETF (JLVP), its first ETF using a long/short extension strategy. The product gives retail investors access to the firm’s value-investing research and could support long-term asset-gathering and fee revenue. J.P. Morgan Asset Management Launches JLVP Positive Sentiment: Analyst earnings outlook improved: Erste Group Bank raised its FY2026 EPS forecast for JPMorgan to $24.90 from $22.76, above the $24.27 consensus estimate. The revision reinforces confidence in JPMorgan’s diversified revenue base and earnings momentum. Erste Group raises JPMorgan earnings estimate Positive Sentiment: Higher-for-longer rates may support net interest income: Analysis of the Federal Reserve’s hawkish pause highlighted JPMorgan’s rising 2026 net-interest-income outlook, strong capital position and diversified businesses as potential advantages if rates remain elevated. Fed’s hawkish pause analysis Neutral Sentiment: JPMorgan is leading the arranger group for CoreWeave’s $2.6 billion first-lien term loan. The transaction should generate underwriting fees, but the wider-than-initially marketed pricing reflects elevated borrower risk and does not materially change JPMorgan’s investment case. CoreWeave completes term loan Neutral Sentiment: A correction lowered previously reported cash distributions for two Canadian-listed JPMorgan ETFs. The change affects fund investors more directly than JPMorgan’s corporate earnings. JPMorgan ETF distribution correction Negative Sentiment: Dimon’s warnings that investors should prepare for volatility and avoid certain low-yield investments may reinforce concerns that markets and bank valuations face macroeconomic risks. Jamie Dimon investor warning Negative Sentiment: Coverage of JPMorgan’s involvement in FIFA’s plans to raise billions has triggered another football-related backlash, creating a reputational risk even though the direct financial impact is unclear. JPMorgan and FIFA controversy JPMorgan Chase & Co. Company Profile (Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

Further Reading Five stocks we like better than JPMorgan Chase & Co. Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case Apple’s Record Quarter Could Not Outrun Its Guidance Problem McKesson’s Compounding Keeps Adding Up Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

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Posted by Defense World Staff on Aug 1st, 2026

Bank of America Corp DE decreased its holdings in Intel Corporation (NASDAQ:INTC – Free Report) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,381,848 shares of the chip maker’s stock after selling 1,841,195 shares during the quarter. Bank of America Corp DE owned 0.47% of Intel worth $1,031,841,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTC. iA Global Asset Management Inc. boosted its holdings in Intel by 17.0% in the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock worth $21,883,000 after buying an additional 86,189 shares during the period. Whalerock Point Partners LLC bought a new stake in Intel during the 4th quarter valued at $205,000. Heritage Investment Group Inc. purchased a new stake in shares of Intel during the fourth quarter worth $219,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Intel during the fourth quarter worth $185,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Intel by 5.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock worth $9,419,000 after acquiring an additional 13,858 shares during the period. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes Several equities analysts have recently weighed in on INTC shares. Citigroup upgraded Intel from a “positive” rating to a “buy” rating in a research report on Thursday, July 23rd. TD Cowen raised their target price on Intel from $75.00 to $115.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Bank of America restated a “buy” rating and issued a $160.00 target price on shares of Intel in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intel in a report on Tuesday, July 21st. Finally, BTIG Research upgraded Intel from a “neutral” rating to a “buy” rating in a research report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $107.93.

Get Our Latest Stock Report on Intel

Trending Headlines about Intel Here are the key news stories impacting Intel this week:

Positive Sentiment: Potential Apple supply opportunity: Melius suggested Apple could use Intel alongside its primary processor supplier to reduce manufacturing risk. A win with Apple would strengthen Intel’s foundry ambitions and provide a high-profile customer opportunity. Intel Stock Rises as Analyst Sees Apple Supply Opportunity Positive Sentiment: AI spending and sector inflows are lifting sentiment: Strong Microsoft and Amazon results renewed confidence in cloud and AI infrastructure spending, helping semiconductor stocks recover. Semiconductor ETFs also attracted substantial new cash this week, creating broader buying support for chip names including Intel. Semiconductor ETFs Draw Cash This Week as Chip Stocks Rally Positive Sentiment: Bullish commentary and earnings momentum: Jim Cramer argued that Intel belongs near $110 and said forced selling by the Situational Awareness hedge fund exaggerated the post-earnings decline. Intel’s latest quarterly results also exceeded consensus estimates, with revenue rising more than 25% year over year, while investors continue to focus on its restructuring and improving data-center business. Jim Cramer Says INTC Stock Belongs at $110 Neutral Sentiment: Technical recovery remains uncertain: Intel has stabilized after a sharp earnings-related selloff, but technical resistance is identified around $98–$102. The stock’s elevated volatility means the rebound could remain susceptible to further reversals. Intel Stock Reclaims Momentum Near Key Resistance Negative Sentiment: TSMC is challenging Intel’s packaging advantage: Taiwan Semiconductor is reportedly developing technology similar to Intel’s EMIB advanced packaging, potentially weakening a key differentiator as Nvidia evaluates packaging options. This raises competitive concerns for Intel’s foundry and AI strategy. TSMC Developing Advanced Chip Packaging Technology Negative Sentiment: Expectations and valuation risk remain high: After the rebound, investors are demanding evidence that Intel can sustain AI-related growth and execute its costly turnaround. Analysts remain divided, and the company’s negative net margin and ongoing restructuring add to concerns about near-term profitability. Intel Stock Down 1.0% INTC opened at $90.20 on Friday. The business’s fifty day simple moving average is $113.14 and its 200 day simple moving average is $79.70. Intel Corporation has a 52 week low of $18.97 and a 52 week high of $142.35. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The stock has a market cap of $454.97 billion, a PE ratio of -42.75 and a beta of 2.18.

Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The firm had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, research analysts expect that Intel Corporation will post 1.01 earnings per share for the current fiscal year.

Intel Profile (Free Report)

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.

Featured Stories Five stocks we like better than Intel Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case Apple’s Record Quarter Could Not Outrun Its Guidance Problem McKesson’s Compounding Keeps Adding Up Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC – Free Report).

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Posted by Defense World Staff on Aug 1st, 2026

Bank of America Corp DE raised its holdings in Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN – Free Report) by 2.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,189,584 shares of the biopharmaceutical company’s stock after buying an additional 32,158 shares during the quarter. Bank of America Corp DE owned approximately 1.13% of Regeneron Pharmaceuticals worth $919,120,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in Regeneron Pharmaceuticals during the 4th quarter worth $1,012,296,000. Price T Rowe Associates Inc. MD raised its position in Regeneron Pharmaceuticals by 142.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,949,797 shares of the biopharmaceutical company’s stock valued at $1,504,991,000 after purchasing an additional 1,144,887 shares during the period. Nuveen LLC raised its position in Regeneron Pharmaceuticals by 71.1% in the fourth quarter. Nuveen LLC now owns 2,010,517 shares of the biopharmaceutical company’s stock valued at $1,551,858,000 after purchasing an additional 835,240 shares during the period. Wellington Management Group LLP lifted its stake in shares of Regeneron Pharmaceuticals by 8,620.0% during the fourth quarter. Wellington Management Group LLP now owns 664,465 shares of the biopharmaceutical company’s stock worth $512,881,000 after purchasing an additional 656,845 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Regeneron Pharmaceuticals by 528.7% during the third quarter. AQR Capital Management LLC now owns 721,354 shares of the biopharmaceutical company’s stock worth $405,596,000 after purchasing an additional 606,612 shares in the last quarter. Institutional investors and hedge funds own 83.31% of the company’s stock.

Key Regeneron Pharmaceuticals News Here are the key news stories impacting Regeneron Pharmaceuticals this week:

Positive Sentiment: Q2 results substantially exceeded expectations. Regeneron reported non-GAAP EPS of $14.29 versus the $10.16 consensus and revenue of $4.29 billion versus estimates of $3.82 billion. Revenue rose 16.7% year over year. Growth was led by record Dupixent sales, which increased 38%, and U.S. EYLEA HD sales, which jumped 52% to $596 million. Regeneron Q2 2026 Results Positive Sentiment: Several analysts raised their price targets after the report. Cantor Fitzgerald lifted its target to $795 and maintained an overweight rating, while Truist raised its target to $772 and reiterated buy. These targets imply additional upside based on the referenced current price. Analyst Price Target Updates Neutral Sentiment: Analyst sentiment remains mixed. Morgan Stanley raised its target to $758 and RBC to $737, but both maintained equal-weight or sector-perform ratings. Wells Fargo also raised its target to $750 while keeping an equal-weight rating, suggesting limited conviction despite the earnings beat. Analyst Price Target Updates Neutral Sentiment: Regeneron declared a quarterly dividend of $0.94 per share, payable August 31 to shareholders of record August 18. The approximately 0.5% yield is modest and is unlikely to be a major stock catalyst. Negative Sentiment: Multiple law firms publicized a securities class action against Regeneron and its executives. The litigation alleges investors were misled about the protocol and prospects of the Phase 3 fianlimab-Libtayo melanoma trial, which ultimately failed and was associated with an approximately $11 billion market-cap loss. The September 14, 2026 lead-plaintiff deadline and continuing legal notices could pressure sentiment and create potential financial and reputational risks. Regeneron Securities Class Action Regeneron Pharmaceuticals Stock Up 3.3% REGN stock opened at $762.63 on Friday. The company has a quick ratio of 2.96, a current ratio of 4.29 and a debt-to-equity ratio of 0.09. Regeneron Pharmaceuticals, Inc. has a fifty-two week low of $541.00 and a fifty-two week high of $821.11. The firm’s 50-day simple moving average is $643.13 and its 200 day simple moving average is $711.70. The stock has a market cap of $80.63 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 29.50 and a beta of 0.24.

Regeneron Pharmaceuticals (NASDAQ:REGN – Get Free Report) last announced its earnings results on Thursday, July 30th. The biopharmaceutical company reported $14.29 earnings per share for the quarter, beating the consensus estimate of $10.16 by $4.13. Regeneron Pharmaceuticals had a return on equity of 13.47% and a net margin of 27.86%.The firm had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the business earned $12.81 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, sell-side analysts predict that Regeneron Pharmaceuticals, Inc. will post 2.06 EPS for the current year.

Regeneron Pharmaceuticals Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Tuesday, August 18th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $3.76 annualized dividend and a dividend yield of 0.5%. Regeneron Pharmaceuticals’s dividend payout ratio is currently 9.29%.

Wall Street Analysts Forecast Growth Several research firms recently issued reports on REGN. Canaccord Genuity Group dropped their price target on shares of Regeneron Pharmaceuticals from $1,057.00 to $875.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Truist Financial upped their price objective on shares of Regeneron Pharmaceuticals from $769.00 to $772.00 and gave the company a “buy” rating in a research report on Friday. Leerink Partners restated a “market perform” rating and set a $641.00 target price (down from $792.00) on shares of Regeneron Pharmaceuticals in a research note on Monday, May 18th. Wall Street Zen raised Regeneron Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Morgan Stanley boosted their price target on Regeneron Pharmaceuticals from $730.00 to $758.00 and gave the stock an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $794.83.

Read Our Latest Analysis on REGN

Insider Activity In other news, Director Arthur F. Ryan sold 200 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $650.15, for a total transaction of $130,030.00. Following the sale, the director directly owned 17,303 shares of the company’s stock, valued at $11,249,545.45. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 6.97% of the company’s stock.

Regeneron Pharmaceuticals Company Profile (Free Report)

Regeneron Pharmaceuticals, Inc (NASDAQ: REGN) is a U.S.-based biotechnology company founded in 1988 and headquartered in Tarrytown, New York. It focuses on discovering, developing, manufacturing and commercializing medicines for serious medical conditions. The company combines laboratory research, clinical development and in-house manufacturing to advance a pipeline of biologic therapies across multiple therapeutic areas.

Regeneron is known for its proprietary drug discovery technologies, including its VelocImmune platform, which is used to generate fully human monoclonal antibodies.

Further Reading Five stocks we like better than Regeneron Pharmaceuticals Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case Apple’s Record Quarter Could Not Outrun Its Guidance Problem McKesson’s Compounding Keeps Adding Up Want to see what other hedge funds are holding REGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN – Free Report).

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