A difficult year for Tesla's (TSLA -2.14%) stock got even worse after the stock fell more than 15% on July 23 in the aftermath of its second-quarter earnings report. The stock is now down more than 30% year to date.
Shares of the electric vehicle (EV) maker fell after the company badly missed adjusted EPS estimates, talked of increasing capital expenditures (capex), and dramatically changed its tone about its robotaxi rollout.
Image source: The Motely Fool
Heavy investments and lack of progress spook investors Increased capex spending has become a Wall Street bugaboo, and Tesla said that it is in the midst of a massive investment cycle. It plans to spend $25 billion in capex this year, with it growing over the next two to three years as the company increases its Optimus robot production capacity, expands its robotaxi fleet, builds out AI computing infrastructure, and invests in its TeraFab project.
At the same time, the company toned down robotaxi expectations. While it said its robotaxi efforts were going "extremely well," and touted its safety record and technology, it was a far cry from a year ago when Elon Musk predicted that its robotaxis would be accessible to half the U.S. population by the end of 2025. They weren't, and supervised and unsupervised Robotaxi rides are still only available in two states. According to Tech Crunch, the number of robotaxi miles carrying paying customers also fell 36% sequentially in Q2. That's a bad sign for a stock whose valuation is largely tied to future bets.
Meanwhile, for its Optimus robot, CEO Elon Musk once again said he thought it would become Tesla's biggest product ever. However, he admitted that there are major technical hurdles still to overcome, including with the "electromechanical design of the robot to achieve sufficient dexterity." He also noted that Tesla was having difficulty ramping up production due to newness of parts and the lack of an existing supply chain.
Getting parts for Optimus also ties into Tesla wanting to build its own fab that would have logic, memory, and advanced packaging all done in the same facility. Its an ambitious project that even Nvidia's CEO said will be difficult to pull off.
As for its actual results, Tesla's automobile deliveries in Q2 climbed 25%. That was a big jump from the 6% increase it saw in Q1 and a reversal from the declines it saw throughout much of 2025. Its total production, meanwhile, increased by 10%.
The increase in deliveries helped Tesla's auto revenue rise by 23% to $20.5 billion in the quarter. The revenue was also helped by a 54% jump in active FSD (full-self driving) subscriptions (which includes monthly subscriptions and upfront purchases) to 1.48 million users. However, the company's high gross margin regulatory credit revenue plunged by 67% to $146 million. That's a big reason why the company's adjusted EPS fell well short of expectations, along with a 47% jump in operating expenses.
Overall, Tesla's revenue climbed 26% year over year to $28.2 billion. Its energy generation and storage revenue rose by 13% to $3.1 billion, while its service revenue surged 50% to nearly $4.6 billion. Adjusted earnings per share (EPS) sank 18% to $0.33, missing the analyst consensus of $0.51, as compiled by LSEG.
Tesla's operating cash flow climbed 85% in the quarter to $4.7 billion, but it spent $5.8 billion in capex, leading to negative free cash flow of $1.1 billion.
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The removal of civil penalties for autos not meeting Corporate Average Fuel Economy (CAFE) standards and the loosening of emission restrictions in Europe have taken a huge bite out of Tesla's high-margin regulatory credit revenue. This has been a major source of profits for the company that has now considerably declined, pressuring its core EV business. Meanwhile, its robotaxi and robotics businesses remain unproven and thus far have underwhelmed.
The potential of Tesla being eventually acquired by Musk's other company, SpaceX, could help provide a floor for the stock. However, that's provided that SpaceX can stop its own free fall. With a struggling core business and a valuation (170x forward P/E) based solely on speculative bets, I'd stay away from Tesla stock.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Since leaving his CEO job at Amazon (AMZN -0.70%) in 2021, Jeff Bezos has spent every waking moment trying to make his other company -- space company Blue Origin -- a success. He's spent every waking moment... and about $30 billion.
And it still isn't enough.
Jeff Bezos, Executive Chairman of Amazon. Image source: Amazon.com.
Blue Origin seeks outside cash Through May 2026, Bezos' personal contributions to Blue Origin's bank account totaled about $28 billion, averaging about $1 billion per year. Last month, Bezos confirmed he will double that annual contribution in 2026, investing $2 billion in Blue Origin as part of a reported $10 billion financing round -- the first time Blue Origin has ever sought outside, non-Jeff Bezos investment since the company first started up 26 years ago.
Participants in this inaugural funding round, in addition to Bezos himself, are said to include hedge fund Coatue Management ($4 billion) as well as several other "major investors," according to CNBC.
All of these investors will be investing at a valuation of $130 billion for the entire company. Bezos' interest will presumably shrink slightly from 100% to perhaps 94%, while Coatue takes a 3% stake and the remaining investors split the remaining 3% among themselves.
Why Blue Origin needs money If Blue Origin is already worth $130 billion, though, why does it need to attract outside investment? Because, market cap notwithstanding, Blue Origin requires liquid cash to spend on multiple projects it has in the works.
Analysts forecast Blue Origin will spend $4.8 billion on capital investment this year to rebuild its Cape Canaveral launch pad (destroyed when a New Glenn rocket blew up during engine testing in May), investigate why New Glenn exploded in the first place, replace the rocket that exploded, and build several more new rockets to support an eventual launch cadence of 100 rocket flights per year.
On top of all this, Blue Origin is building a constellation of 5,408 TeraWave broadband internet satellites that could cost $10 billion (and probably more), at the same time as it develops lunar landing ships for NASA's Project Artemis, and also helps build an Orbital Reef space station in low-Earth orbit.
That's billions and billions and billions of dollars in new spending for a company that has heretofore been supported solely by Jeff Bezos' (admittedly plump) bank account. It makes sense Blue Origin would seek other sources of cash, given its funding needs. Given the financial drain Blue Origin faces, an IPO probably isn't out of the question either.
Whether you should invest in a Blue Origin IPO at its $130 billion valuation, with no reported profit and annual revenue estimated at only $26.4 million (according to S&P Global Market Intelligence's current estimate), is another question entirely.
Two of the most talked-about trillion-dollar stocks have both stumbled lately. Space Exploration Technologies (SPCX -2.68%), also known as SpaceX, has slid below its offering price since its splashy debut, and Nvidia (NVDA -1.01%) has cooled after a red-hot run.
Both are pitched as ways to own the artificial intelligence boom, so which is the better buy after the pullback? For me, it is Nvidia, and the reasons come down to price, ownership, and focus.
Image source: Getty Images.
1. The valuation gap is enormous Start with what you pay. Even after falling below its IPO price, SpaceX carries a market value around $2 trillion, which works out to roughly 95 times its annual sales. That is a price built almost entirely on faith in the future.
Nvidia is larger overall at roughly $4.5 trillion, yet it trades at one of the more reasonable forward earnings multiples among the megacaps after its recent dip, and it backs that valuation with staggering profits. Its data center revenue alone recently topped $75 billion in a quarter, up more than 90% from a year earlier.
With SpaceX, you are paying up for hope; with Nvidia, you are paying for profits that already exist.
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2. Too much sits with insiders Ownership matters, and here the contrast is stark. SpaceX is tightly controlled by Elon Musk and a small circle of insiders, with only a sliver of the company publicly available. That means ordinary shareholders own a minority stake with little say and must simply trust that management acts in their interest.
Nvidia, by contrast, is a widely held, liquid, transparent public company where no single person calls all the shots.
When most of a business sits in insider hands, minority investors tend to take what they are given, and I would rather own the company where public shareholders actually count.
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3. A good business, but spread thin SpaceX is genuinely impressive, but it is stretched across an enormous range of ambitions: launching rockets, running the Starlink internet network, developing the giant Starship, chasing satellite-to-phone service, and, through its xAI arm, building chatbots and even orbital data centers. Each of those is capital-hungry, and the AI piece is just one bet among many.
Nvidia does one thing, and does it better than anyone: it makes the chips that power nearly the entire AI industry. For an investor who specifically wants AI exposure, the focused leader beats the sprawling conglomerate. Spreading resources across so many frontiers can produce dazzling breakthroughs, but it also means no single one gets the company's undivided attention, and it forces SpaceX to keep raising and spending enormous amounts of capital.
The other side of the trade To be fair, SpaceX has optionality that Nvidia cannot match. Its Starlink connectivity opportunity alone is measured in the trillions, and if Starship and direct-to-cell deliver, the company could grow into its lofty price over time.
Nvidia is not risk-free either. It leans on a handful of huge customers, some of whom are designing their own chips, and the semiconductor business is cyclical. So this is not a case of one great stock and one bad one. It is a question of which offers the better risk-adjusted deal today.
After the pullback, Nvidia is the cleaner way to own artificial intelligence. You get the undisputed leader of the AI build-out, real and growing profits, a sensible valuation, deep liquidity, and a governance structure where your shares actually matter.
SpaceX is a fascinating company, but at more than 90 times sales, dominated by insiders, and spread across a dozen moonshots, it asks investors to pay a premium price for a diluted slice of the AI story. If I had to put new money into a single trillion-dollar AI stock right now, I would choose Nvidia and revisit SpaceX only if its price ever caught up to reality.
Viewer engagement has become a primary concern for investors.
*Stock prices used were the afternoon prices of July 23, 2026. The video was published on July 25, 2026.
Parkev Tatevosian, CFA has positions in Netflix. The Motley Fool has positions in and recommends Netflix. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Expectations are low for Royal Caribbean (RCL +3.57%) heading into a critical financial update this week. The country's largest cruise line operator -- by market cap -- is expected to post a modest 6% increase in revenue when it reports its second-quarter results ahead of Tuesday's market open. The bottom line is expected to go the other way.
Royal Caribbean's own guidance three months ago braced investors for contracting margins. Overseas geopolitical tensions would weigh on some of its higher-yielding itineraries. Rising fuel costs are also an obvious headwind, but that's not the only expense percolating. Its guidance for the seasonally potent summertime quarter calls for a 4.9% to 5.4% increase in net cruise costs per available passenger cabin day, and that's excluding the fuel factor.
Image source: Getty Images.
The bottom line could be problematic. Royal Caribbean's guidance in late April called for adjusted earnings per share of $3.83 to $3.93 for the quarter it's reporting this week. Analyst per-share estimates are a bit more ambitious at $3.98 a share, and this follows a poorly received report from larger rival Carnival (CCL +4.20%) last month.
Carnival's fiscal year ends a month earlier than Royal Caribbean's, but the latter's second quarter still covers two of the three months that Carnival just reported. Carnival's top-line miss and weak bottom-line guidance hurt the stock. Royal Caribbean will need to buck the trend by offering a reasonable outlook. Don't be surprised if it does exactly that.
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Open waters Royal Caribbean's secret weapon -- the one thing that can prove naysayers wrong this week -- is that it is historically a superior operator than its rivals. Why do you think Royal Caribbean commands the larger market cap and enterprise value despite being a smaller company in terms of revenue and fleet size?
Royal Caribbean has earned its market premium. It has historically posted superior revenue growth and net margin. It was the first of the major ocean liners to return to profitability as well as resume paying quarterly dividends.
Royal Caribbean is cheap, trading for 17 times this year's earnings and less than 15 times next year's target. Carnival may command an even lower forward multiple, but it has also been a relative laggard over long stretches of time. This would be an ideal time to prove Royal Caribbean is worthy of that industry premium.
Rick Munarriz has positions in Royal Caribbean Cruises. The Motley Fool recommends Carnival Corp. The Motley Fool has a disclosure policy.
For years, people have been saying that Costco Wholesale's (COST +1.16%) stock price run-up meant they'd missed the boat. Yet the shares have continued to do well.
Over the last decade, through July 17, the shares gained 459.6%, nearly double the S&P 500 index's 244.7% appreciation. That shows how investing in well-performing companies over long periods can result in outperforming the market.
Will this patience continue to pay off for investors?
Image source: Getty Images.
A look at the business Costco's business seems simple. Yet it's been executing very well for a long time.
If you haven't been to a Costco warehouse, it fills huge spaces (147,000 square feet on average) with a variety of goods and services, often packaged in bulk sizes. While Costco has varied offerings, it focuses on a narrow number of high-quality products that it provides at low unit prices.
You have to pay an annual membership fee to enjoy the benefits, but people clearly feel the value outweighs the cost. Costco consistently has high retention rates and membership growth. Renewal rates were nearly 90% in the fiscal third quarter (ended May 10), consistent with previous quarters. And Costco ended the period with 82.9 million paid members, up from 82.1 million on Feb. 15.
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It continues to attract crowds, with same-store sales (comps) increasing 6.6% for the quarter, after removing gasoline sales and foreign-currency translation effects. Fortunately, Costco doesn't merely produce sales growth. It continues to grow profitability, with operating income leaping 11.3% year over year to $2.8 billion.
What to do The company's strong performance has fueled the stock price gain. That also means the shares trade at a more expensive valuation.
In the last 10 years, Costco's price-to-earnings (P/E) ratio has jumped from 37 to 47. The shares have a median P/E of 37 over this time. They also have a richer valuation than the S&P 500, which trades at a P/E multiple of 32.
That sounds discouraging, but it's important to remember that Costco has been growing sales and profits at a nice clip. Furthermore, the company still has expansion opportunities.
Management has been opening more than 20 warehouses annually for the last several years. It opened 16 locations during the first nine months of the fiscal year and plans to add another 13 in the final quarter.
While the stock's lofty valuation reflects the market's high growth expectation, Costco hasn't previously disappointed. Investors may see some short-term volatility, but for long-term investors, the shares remain an attractive opportunity.
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A $2 million portfolio can produce roughly $70,000 a year, or $200,000 a year, depending on how it is invested. That range is the entire story. The mistake most pre-retirees make is treating the higher number as free money, when the higher yield often signals the portfolio is quietly consuming itself to pay you.
With the 10-year Treasury yielding 4.6%, every dividend decision now competes against a risk-free floor that pays roughly roughly $92,000 a year on $2 million. Anything you hold above that yield needs to justify the extra risk. Here is what the math actually looks like across the three tiers a retiree faces.
The Conservative Tier: 3% to 4% Yield This is dividend-growth territory: broad consumer staples, healthcare, and industrials with multi-decade increase streaks. Capital required to generate $70,000 in income at a 3.5% yield is $2 million. At a 3% yield, closer to $2.33 million.
Johnson & Johnson (NYSE:JNJ | JNJ Price Prediction) currently yields around 2.1% at a share price of roughly $259, with a $5.36 annualized forward dividend and more than six decades of increases. Procter & Gamble (NYSE:PG) yields about 2.9% with 27+ years of unbroken quarterly increases. Coca-Cola (NYSE:KO) sits near 2.5%, with a $0.53 quarterly payment that has risen from $0.16 in 1999.
The tradeoff: you need the most capital. The reward: the principal grows, the income compounds, and inflation cannot easily catch you. JNJ has returned roughly 169% over ten years before dividends. KO returned about 145% over the same span.
The Moderate Tier: 5% to 7% Yield Net-lease REITs, preferred shares, high-dividend equity funds, and covered-call ETFs live here. $2 million at 5% produces $100,000 a year. At 7%, $140,000.
Realty Income (NYSE:O) yields 5.0% at around $65, paying $0.271 per month for an annualized $3.252. Q1 2026 AFFO per share came in near recent quarterly run rates, and the REIT has raised its dividend over a hundred consecutive quarters.
The tradeoff: distributions are largely taxed as ordinary income, growth rates are lower (O has moved from roughly $0.18 in 2014 to $0.271 today, a much shallower slope than JNJ), and the underlying business is rate-sensitive. Total return over ten years for O is about 53%, well below the equity compounders.
The Aggressive Tier: 8% to 14% Yield Leveraged covered-call funds, BDCs, mortgage REITs, and high-yield bond funds anchor this tier. $2 million at 10% generates $200,000. At 12%, closer to $240,000.
Altria (NYSE:MO) is the borderline case, yielding 5.6% at around $72. Its EPS of $4.69 comfortably covers the $4.20 dividend, but book value is negative $1.92 per share, cigarette volumes decline roughly 5% annually, and Marlboro retail share slipped 1.4 points. The dividend has grown, but slowly: $0.98 in early 2024 to $1.06 today.
True 10%+ yield vehicles carry the same warning at higher volume: distributions frequently include return of capital, principal erodes, and payouts get cut in downturns.
The Math Retirees Consistently Miss A 3.5% yield growing 8% annually doubles the income stream in about nine years. JNJ demonstrates this in real numbers: the quarterly dividend went from $0.54 in 2010 to $1.34 in 2026. A $2 million JNJ-like portfolio yielding 3.5% today throws off $70,000 now, but likely $140,000 in a decade with no additional capital.
A 12% yield with no growth pays $240,000 in year one and $240,000 in year ten, if the principal survives. Many do not. That is the $2 million mistake in one sentence: the retiree who chases the aggressive tier trades $70,000 of growing, inflation-proof income for $240,000 of flat, shrinking income.
Three Moves to Make Before Committing Capital Price your actual spending rather than your salary. Many retirees discover their post-tax, post-savings spending is 60% to 70% of gross income. Replacing $70,000 of spending requires far less capital than replacing a $120,000 salary. Compare 10-year total returns rather than headline yields. Line up a dividend-growth fund against a high-yield covered-call fund over a decade including distributions. The compounding gap usually settles the argument. Model taxes by tier before you buy. Qualified dividends from JNJ, PG, and KO are taxed at long-term capital gains rates. REIT distributions from Realty Income are largely ordinary income. Return-of-capital distributions from high-yield ETFs reduce cost basis and defer, but do not eliminate, taxation. Contact [email protected] for any questions or corrections.
You don't become one of the world's wealthiest hedge fund managers by making ill-advised investing decisions. And make no mistake about it: Israel "Izzy" Englander ranks among the world's wealthiest hedge fund managers, with a net worth of roughly $25.8 billion.
The billionaire increased his Millennium Management hedge fund's position in Bristol Myers Squibb (BMY +0.94%) by a whopping 780% in the first quarter of 2026. However, analysts aren't nearly as bullish about the pharma stock. Does Englander know something about Bristol Myers Squibb that Wall Street doesn't?
Image source: Getty Images.
What Englander probably likes about Bristol It's easy for investors to focus on Bristol Myers Squibb's looming patent cliff. The company's top-selling drug, blood thinner Eliquis, loses U.S. patent exclusivity in 2028. Sales are already sinking for several other products that have previously lost patent protection, including blood cancer drugs Revlimid and Pomalyst.
So what does Englander like about Bristol Myers Squibb? We can make an educated guess.
For one thing, the hedge fund manager probably appreciates that the drugmaker's growth portfolio now makes up more than half of its total revenue. Newer products such as cancer therapy Breyanza and heart failure drug Camzyos have especially strong momentum.
Englander likely views Bristol Myers Squibb's pipeline favorably as well. The company awaits U.S. Food and Drug Administration (FDA) approvals for iberdomide by Aug. 17, 2026, and for mezigdomide by May 13, 2027. Both drugs target relapsed or refractory multiple myeloma. Bristol Myers Squibb also expects to report results from numerous pivotal clinical trials over the next two years.
The billionaire almost certainly likes Bristol Myers Squibb's forward price-to-earnings ratio of 9.6. And while Englander doesn't usually focus on income, the big pharma company's juicy dividend is probably a plus for the stock in his eyes.
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Secret information? But does Englander know something about Bristol Myers Squibb that Wall Street doesn't? Probably not. All the information he likely used to decide to buy the pharma stock is also readily available to analysts.
It's important to note as well that Millennium Management is making a relatively small bet on Bristol Myers Squibb even after the Q1 purchase. Englander can easily afford to be wrong about the stock.
What the hedge fund manager may possess that Wall Street often doesn't, though, is the willingness to look beyond Bristol Myers Squibb's near-term patent cliff and focus instead on the longer-term picture. That's an advantage that retail investors have versus analysts, too.
Chip stocks have been plummeting lately as investors pocket high gains. It's been good for several years now, and between high spending and high valuations, there are fears about what happens next. Chip stocks often move in cycles, and if this is the end of a supercycle, investors don't want to lose out.
But not all chip stocks respond the same way to a sell-off, and some chip stocks have more long-term prospects than others. Some are also priced to buy, while others are priced for perfection.
Image source: Alphabet.
Nvidia, for example, isn't my favorite chip stock to buy right now. Although it continues to grow at fantastic rates, other chip stocks might be gaining ground. Nvidia also might have a ceiling on gains, since it's already valued at more than $5 trillion.
Instead, as chip stocks fall, I'd load up on Alphabet (GOOG +0.24%)(GOOGL +0.58%), Amazon (AMZN -0.70%), and Taiwan Semiconductor Manufacturing (TSM -2.98%). Here's why.
1. Alphabet Warren Buffett and Greg Abel have been piling into Alphabet stock, and the cloud and search powerhouse just plunged to its cheapest level in more than a decade. The market didn't like its artificial intelligence (AI) spend guidance for the year at $205 billion, topping even AI giant Amazon's $200 billion spend.
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That reaction completely ignored Alphabet's outstanding second-quarter performance and advances in AI. Revenue increased 24% year over year, with a whopping 82% increase in cloud revenue, while operating income was up 30%.
It has a cloud backlog of $514 billion, and 2.4 million people use its Antigravity agentic AI development platform. Some 90% of Fortune 100 companies use its Gemini Enterprise platform, and there's been a 40% increase in daily active users making video since the company upgraded the Gemini app in May. Alphabet deserves some credit for demonstrating these kinds of results, and some confidence that it can ramp up AI successfully.
One of the features I love about Alphabet, and that Buffett likely does, too, is its diversified revenue streams. It has a chip business with its Tensor Processing Units (TPU), but that's just a part of its AI business. And AI is just a part of its broader tech business, which includes a highly dominant search engine, YouTube, Android, and much more.
Trading at 16 times trailing 12-month earnings, it looks priced to buy.
2. Amazon I have a similar argument for Amazon. CEO Andy Jassy said that as a stand-alone business, its chip business has a $50 billion run rate and is one of the three largest chip businesses in the world. However, the market is worried about the company's spending and whether or not it's going to pay off, and Amazon stock is trailing the S&P 500 this year.
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However, signs are pointing to the spend paying off. The company is reporting excellent growth, and management says that it will take some time until it's monetizing its spend at rates that outpace its near-term investing. However, revenue is increasing at high rates -- 17% year over year in the second quarter, with a 28% increase in cloud revenue, the highest in 15 quarters.
Like Alphabet, Amazon has a wide array of revenue streams beyond chips and AI, like e-commerce and streaming. That protects it from volatility in AI or its chips business. And Amazon stock is also trading at a low price, 28 times trailing 12-month earnings, just off a 10-year low.
3. Taiwan Semiconductor Manufacturing Taiwan Semiconductor Manufacturing (TSMC) makes the chips that its clients design, and it works with all of the top chip companies, including Nvidia, Alphabet, and Amazon. TSMC is demonstrating robust growth, including a 34% year-over-year sales increase in the second quarter, and profitability has been soaring; operating margin expanded from 49.6% to 60.3%.
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TSMC is also building out rapidly to meet rising demand. As all of its clients grow at breakneck speed, the company can barely keep up with them. It recently opened a U.S. location in Arizona, and it's heavily investing there, expecting to spend $265 billion on the campus. Management also raised its capital expenditure outlook for the year as it races to fill demand, and it doesn't anticipate any bottlenecks for the next few years.
Since TSMC works with many different clients and in a large range of technologies, it's not actually tied to the AI supercycle, even though that's what's driving growth right now. That gives the company healthy longevity prospects beyond current trends, which is why it's such a strong long-term choice.
However, the stock fell after its recent earnings report. While it's not at its cheapest levels, trading at a P/E ratio of 29, TSMC is worth some premium for its nearly fail-proof model.
Artificial intelligence (AI) is revolutionizing the software industry. AI is making it easier to develop software, while AI agents, digital workers that can autonomously perform tasks, might be the future for enterprises. It creates an uncertain future, but one with immense opportunities for Salesforce (CRM +4.29%) and ServiceNow (NOW +7.38%).
Salesforce is the king of customer relationship management (CRM) software, while ServiceNow dominates workflow automation in corporations. Each of these enterprise software giants is racing to reestablish its competitive footing in the market. Both have embraced agentic AI, bringing it to customers before they look for it elsewhere.
When it comes to choosing which of these AI-forward software-as-a-service (SaaS) stocks deserves your money right now, a clear winner stands out.
Image source: Getty Images.
ServiceNow's AI pivot is delivering results It wasn't long ago that ServiceNow was selling off almost every day as AI companies began showing how capable AI agents can be. ServiceNow's core business is workflow automation, software that makes repetitive tasks within companies, such as submitting an IT support ticket, easier and quicker. But those types of tasks are exactly what AI agents can do really well.
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ServiceNow quickly realized this and pivoted to building its business around AI. In a nutshell, ServiceNow wants to help customers deploy and manage AI agents. It can function like a control tower at an airport, directing which plane goes where and when. AI agents can operate without human intervention, so there needs to be some form of supervision, and ServiceNow's software already sits in its customers' critical IT areas.
Management is guiding for about $15.7 billion in subscription revenue this year, but believes it will grow to at least $30 billion by 2030. Additionally, it believes that AI will account for 30% of its annual contract value by then. The strong outlook hasn't saved the stock from the AI sell-off; shares are still nearly 60% below their high.
Salesforce's AI demise seems unlikely AI has become increasingly good at coding entire applications from prompts. As much as that has cast a shadow over Salesforce and other app companies, there's a big difference between coding a demo and managing it or fixing bugs. Salesforce is also one of the stickiest enterprise software products. It has become an ecosystem where companies can run their sales, marketing, customer service, and more.
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Like ServiceNow, Salesforce has aggressively rolled out agentic AI tools and features. For instance, Agentforce is rapidly growing. To date, its AI agents performed 3.8 billion discrete tasks as of the first quarter of fiscal year 2027 (ended April 30), and grew 111% from the prior quarter. One clear difference from ServiceNow is that Salesforce isn't growing nearly as fast. The company is guiding for 10% to 11% revenue growth this year, but that includes more than 4% from its recent acquisition of Informatica.
Once the post-acquisition benefits have faded, Salesforce might still only generate single-digit revenue growth. Wall Street's AI-fueled selling of software stocks has affected Salesforce, too. The stock currently sits about 57% off its high. Investors have remained cautious, likely because it's still too early to know how AI might evolve and impact these software companies even a few years from now.
Why Salesforce might be the better buy right now Investors should weigh both the opportunities and risks that AI technology presents to these companies. Paying a reasonable valuation for a stock is one of the best ways to protect your investment from the unknown.
ServiceNow is clearly growing much faster than Salesforce, but the stock is also far more expensive. Analysts estimate that ServiceNow will grow earnings by an average 24.6% annually over the long term. That's great, but it's less exciting for investors when you're paying more than 56 times earnings for shares. Suppose AI doesn't go the way ServiceNow hopes, and its growth slows? The stock could fall a long way from that valuation.
NOW PE Ratio data by YCharts
On the other hand, analysts see Salesforce growing earnings by an average of 16.1% annually moving forward. It's not nearly as fast, but the stock is a much better value at just over 18 times earnings. The fastest-growing company is not always the best investment. In this case, Salesforce is the better buy right now.
You shouldn't significantly increase your position in a high-yield dividend stock without considering several factors. For example, it's not wise to buy so much of any given stock that it negatively impacts your overall portfolio diversification. You also need to evaluate the chances of a dividend cut in the near future.
That said, some high-yield dividend stocks are strong candidates for additional capital. Here are three you won't regret doubling up on right now.
Image source: Getty Images.
1. Enterprise Products Partners Enterprise Products Partners (EPD -0.26%) is a midstream energy leader that certainly checks off the high-yield box. The master limited partnership (MLP) pays a distribution yield of roughly 5.8%. Is this distribution safe? I think so.
For one thing, Enterprise has increased its distributions for 27 consecutive years. This track record underscores management's ability to navigate turbulence, given that the period includes the financial crisis of 2007 through 2009 and the COVID pandemic.
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I also like Enterprise Products Partners' rock-solid balance sheet. It's no coincidence that the MLP has the highest credit rating in the midstream energy industry. Enterprise also has a very manageable debt leverage ratio of 3.2x.
Why load up on this pipeline stock now? The Iran war shows no signs of ending soon. Enterprise Products Partners' more than 50,000 miles of pipeline are critical in U.S. oil and gas exports, which should remain high as long as the conflict continues. Even if hostilities cease, the surging demand for natural gas driven by data centers should serve as a nice tailwind for Enterprise for years to come.
2. Enbridge I'd put Enbridge (ENB +0.82%) in the same category as Enterprise Products Partners. It's also a midstream leader. Enbridge's forward dividend yield stands at roughly 5%. And its dividend looks quite safe, in my opinion.
Enbridge has an even more impressive streak of dividend hikes than Enterprise, having raised its dividend for 31 consecutive years. Its returns have trounced the S&P 500's (^GSPC +0.05%) since the turn of the century.
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The company's pipelines transport around 30% of the crude oil produced in North America and 20% of the natural gas consumed in the U.S. The same tailwinds that are helping Enterprise Products Partners also benefit Enbridge.
Importantly, though, Enbridge isn't just a pipeline operator. Thanks to key acquisitions, the company is also the largest natural gas utility in North America by volume. This business gives Enbridge added stability, which makes doubling up on the stock less scary.
3. Ares Capital Not all of the good high-yield dividend stocks to buy right now are in the energy sector. Ares Capital (ARCC +0.91%) is the largest publicly traded business development company (BDC).
If you're looking for an especially juicy dividend, you might love Ares Capital. Its forward dividend yield tops 10.2%. Ordinarily, such a lofty yield would make me nervous. However, I think this BDC will be able to keep dividends flowing at least at the current level.
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Ares Capital has consistently maintained or grown its dividend for 16 consecutive years. Its core earnings per share continue to exceed the dividends paid. What I really like is that Ares Capital has around $988 million of spillover income -- undistributed income that could be used to supplement future dividend distributions.
What about the concerns that software and services make up 22% of Ares Capital's portfolio and that artificial intelligence (AI) could disrupt software companies? Ares Capital has engaged a reputable consulting firm to perform an independent review of its software exposure. This evaluation found that the BDC's AI-related risk is "relatively limited." Around 85% of Ares Capital's software portfolio had a low risk of AI disruption.
There's one other reason I think doubling up on Ares Capital now could pay off. Futures reflect a probability of up to 91% of an interest rate hike by the end of this year. Ares Capital would benefit from higher rates, which would boost its net investment income.
Cathie Wood has never been shy about picking sides. On July 22, 2026, appearing on Fox Business, the ARK Invest CEO made her position crystal clear: Tesla and SpaceX are her top AI stock choices, and she thinks the rest of the market is still underestimating both.
Wood’s reasoning is straightforward, even if the underlying technology is not. Tesla brings robotaxis, the Optimus humanoid robot program, and AI infrastructure to the table. SpaceX brings orbital data centers, advanced satellite networks, and what Wood described as the potential to become “the most important company in global history.” Together, she sees them as the twin engines of a technological transformation that makes most other investment theses look incremental by comparison.
ARK is putting serious money where its mouth is This is not purely a talking-head moment. ARK Invest backed its conviction with a significant capital commitment when SpaceX went public in June 2026, deploying approximately $530 million on the IPO debut day alone. Since then, ARK has continued buying, adding over $80 million in additional SpaceX shares through mid-July.
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Tesla has received similar treatment. After the stock dropped roughly 15% amid investor concerns about AI development timelines, ARK stepped in on July 24, 2026, purchasing approximately 160,000 shares worth around $50 million.
SpaceX itself has not been immune to broader market pressure. The stock traded as low as approximately $1.9 trillion in market cap terms amid recent volatility, representing a decline of roughly 38% from its peak. ARK kept buying through the drawdown.
Why Tesla and SpaceX qualify as AI plays The robotaxi business represents a genuine AI deployment at scale. Wood sees the same logic applying to Optimus: a humanoid robot that trains on real-world interaction data is, in effect, an AI model with legs.
SpaceX is a less obvious AI story on the surface, but Wood’s thesis centers on infrastructure. Orbital data centers, powered by satellite connectivity and operating outside traditional terrestrial constraints, could become critical backbone for AI computation as demand continues to scale. The Starlink network provides both the connectivity layer and a revenue stream that funds the more speculative bets.
Tesla has consistently represented roughly 8% to 10% of ARK’s flagship ARKK ETF, making it a core holding rather than a peripheral bet. SpaceX, post-IPO, has rapidly joined that tier of conviction.
What this means for investors watching the AI trade Wood’s broader implication is a thesis about where AI value accrues. The dominant market assumption has been that large language model developers and cloud hyperscalers capture most of the economic surplus from AI. Wood is making a different bet: that physical-world AI applications, specifically autonomous vehicles, humanoid robotics, and space-based infrastructure, represent the larger long-term opportunity.
ARK’s reduced commentary around crypto assets in its recent statements is also worth noting. The firm that once made Bitcoin a cornerstone of its innovation thesis appears to be reallocating attention toward public equities in AI and aerospace.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Centralized cryptocurrency exchange BitMart announced it has decided to gradually shut down its trading platform following an assessment of operating conditions, the market environment, and future strategy. This announcement marks another notable development in the centralized exchange sector, following the closure of BitMEX.
According to the schedule shared by BitMart, new user registrations, deposits, and new buy/sell orders were stopped as of July 26, 2026, at 04:30. All trading services on the exchange are planned to end on August 26, 2026, at 04:00. The platform is officially scheduled to close on January 31, 2027, at 18:59.
BitMart, which gained particular popularity among altcoin investors in 2021, at one point ranked among the top 10 cryptocurrency exchanges in the world in terms of daily trading volume. That same year, investment firms such as Fenbushi Capital and Hack VC invested in BitMart at a valuation of approximately $300 million.
However, at the end of 2021, the exchange faced a major security breach in which approximately $200 million worth of crypto assets were stolen. Following that attack, it was claimed that the company experienced various operational and financial difficulties.
The closure announcement also created strong selling pressure on BitMart’s native token, BMX. The price of BMX lost approximately 63 percent of its value in the last 24 hours.
This chart shows the decline in the value of BitMart’s native token, BMX, over the past 24 hours. *This is not investment advice.
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Key Takeaways SHIB price climbed 36% to reach $0.0000057 on Sunday, boosting market capitalization by approximately $1 billion The rally occurred without any significant project announcement or fundamental catalyst Trading on South Korea’s Upbit exchange (SHIB/KRW pair) represented more than 10% of worldwide volume A dormant whale wallet reactivated after six months, deploying $125,000 to acquire 30 billion SHIB tokens Token burn activity exploded by more than 3,200% within 24 hours, contracting available supply Shiba Inu experienced a dramatic 36% price increase on Sunday, rocketing from under $0.0000042 to peak at $0.0000058. This represents SHIB’s strongest price level in more than two months.
Shiba Inu (SHIB) Price The meme token’s market capitalization currently sits at approximately $3.4 billion, with daily trading volumes reaching roughly $380 million. This performance pushes SHIB back into the top 30 digital assets by market cap.
This surge occurred during an otherwise uneventful weekend when most cryptocurrency markets traded sideways. Dogecoin increased only 6% during the same timeframe. PEPE posted a 9% gain while DOGE added 5.5%, indicating SHIB’s dramatic movement wasn’t part of a wider memecoin trend.
The price advance unfolded in two separate phases. An initial surge occurred late Saturday night, followed by approximately nine hours of consolidation. The second upward leg developed throughout Sunday’s Asian trading hours.
Korean Exchange Activity Dominates Trading Upbit, South Korea’s leading cryptocurrency exchange, saw its SHIB/KRW trading pair become the largest individual market globally. The pair processed approximately $62 million in volume — representing over 10% of total SHIB trading worldwide. Price quotes on this pair also displayed a modest premium relative to Binance and other USD-based platforms.
South Korean market participants have a documented history of fueling volatile price movements in speculative tokens. The two-phase rally structure aligns perfectly with this established pattern.
Traders holding short positions suffered significant losses throughout the rally. Approximately $6 million in SHIB and 1000SHIB futures contracts were liquidated across roughly 2,300 individual traders, with about $5 million stemming from bearish positions.
Major Holder Emerges From Six-Month Dormancy A notable on-chain development involved the reactivation of a substantial SHIB holder’s wallet that had remained dormant for over half a year. This address deployed $125,000 to accumulate more than 30 billion SHIB tokens.
While a single transaction of this magnitude cannot independently generate a 36% price surge, it often serves as a confidence signal that attracts additional market participants.
SHIB’s token burn rate simultaneously exploded by over 3,200% during the previous 24 hours, while weekly burns increased 500%. Reducing circulating token supply typically functions as a bullish supply-side indicator.
Exchange reserve data from CryptoQuant revealed that SHIB balances held on centralized platforms have been declining in recent weeks, indicating tokens are being withdrawn into self-custody wallets.
SHIB previously encountered resistance at $0.0000067 in May, which led to a pullback toward $0.000004 — representing a multi-year support level at that juncture.
The project debuted in August 2020 as an Ethereum-based token created by an anonymous founder using the pseudonym Ryoshi. The ecosystem has expanded to include Shibarium, a layer-2 scaling solution, along with additional supporting tokens.
Kripto para piyasasında hafta sonunun en dikkat çeken hareketi Bitcoin’den değil, meme coin‘lerden geldi. Bitcoin 64 bin dolar seviyesinin üzerinde tutunmayı başarırken, Shiba Inu (SHIB) yüzde 35’i aşan yükselişiyle büyük hacimli altcoin’leri geride bıraktı. PEPE, Dogecoin (DOGE) ve VVV de günün en çok kazandıran projeleri arasında yer aldı.
Bitcoin 64 Bin Doların Üzerinde Kalmayı Başardı Bitcoin haftaya 65 bin dolar seviyesinden başladı ancak pazartesi günü 63.750 dolara kadar geriledi. Bu seviyeden gelen alımlarla yeniden toparlanan lider kripto para, salı günü bazı borsalarda 67 bin dolara kadar yükselerek son bir ayın en yüksek seviyesini gördü.
Haftanın ikinci yarısında kâr satışlarıyla karşılaşan Bitcoin, cuma günü 65.750 dolardan geri döndü ve yeniden 64 bin dolar bandına çekildi.
ABD Başkanı Donald Trump’ın İran ile Umman arasında yeniden başlayacak görüşmeleri beklemek amacıyla İran’a yönelik planlanan saldırıları durdurma kararı ise piyasadaki risk iştahını destekledi. Bitcoin bu gelişmenin ardından 64.500 dolara kadar yükseldi ve hafta sonuna 64 bin doların üzerinde girdi.
CoinGecko verilerine göre Bitcoin’in piyasa değeri yeniden 1,29 trilyon dolara ulaşırken, toplam kripto piyasasındaki hakimiyeti de yaklaşık %57 seviyesine yükseldi.
SHIB Rallisi Meme Coin’leri Harekete Geçirdi Hafta sonunun yıldızı ise meme coin’ler oldu.
Shiba Inu (SHIB), son 24 saatte %35’in üzerinde değer kazanarak son iki ayın en yüksek seviyesine ulaştı. PEPE aynı dönemde yaklaşık %9,6, son bir ayda ise %26 yükseldi.
Dogecoin (DOGE) günlük bazda %5,8, VVV ise %12 prim yaptı. Büyük hacimli altcoin’lerden Avalanche (AVAX) da yaklaşık %9 yükseliş kaydetti.
Ethereum (ETH) yüzde 1,5 artışla 1.900 dolar seviyesine yaklaşırken, XRP yeniden 1,10 doların üzerine çıktı. Hyperliquid’in HYPE tokeni yüzde 2,5 yükselse de 60 doların altında işlem görmeye devam etti.
En Yüksek Kazanç Küçük Ölçekli Token’larda Görüldü Piyasanın en yüksek günlük getirileri ise düşük piyasa değerine sahip token’lardan geldi.
Miu yüzde 316, JW Token yüzde 239, Nonchalant Horse yüzde 219, LIMITUS yüzde 213 ve Terraformation yüzde 206 yükselerek günün en çok kazandıran varlıkları arasında yer aldı.
Ancak bu tür düşük hacimli token’larda fiyat hareketlerinin çok daha sert gerçekleşebildiği ve yüksek volatilite riski taşıdığı unutulmamalı.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
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BitMart has started a phased shutdown of its global cryptocurrency exchange after reviewing its operating conditions, market environment, and future strategy.
Summary
BitMart stopped new registrations, deposits, and orders before ending all trading services on August 26. BMX lost about 63% in 24 hours as traders reacted to the exchange’s shutdown announcement. Withdrawals remain available, but BitMart advised users to submit requests before August 26’s recommended deadline. According to the official shutdown notice, the exchange stopped new registrations, cryptocurrency and fiat deposits, and new spot orders from 01:30 UTC on July 26. Futures accounts entered reduce-only mode, while copy trading, grid trading, API trading, and other automated services began winding down.
The exchange will end all spot, futures, and other trading services at 01:00 UTC on August 26. However, the full platform will not close on that date. BitMart plans to terminate trading-platform operations at 15:59 UTC on January 31, 2027. Users will retain limited account access for a period after that date to review records and submit withdrawals.
Important Notice
After a careful evaluation of the Company's operating conditions, market environment, and future strategic direction, BitMart has made the difficult decision to commence an orderly wind-down of its trading platform operations. We deeply regret having to make… pic.twitter.com/KX3zczIrAh
— BitMart (@BitMartExchange) July 26, 2026 BitMart sets withdrawal and position deadlines BitMart told users to close all positions before 01:00 UTC on August 26 and recommended submitting withdrawals before 05:00 UTC the same day. Withdrawals remain open, but requests may face identity, source-of-funds, wallet ownership, sanctions, Travel Rule, and security reviews. Heavy demand or network congestion may extend processing times.
The exchange asked customers to cancel open orders, redeem eligible Earn, staking, and lending products, and download account records. BitMart may settle any futures positions still open when trading ends using its mark price, index price, or other applicable rules. Users who miss the recommended withdrawal period will enter a separate process that BitMart plans to explain later.
BMX falls as traders react to the shutdown BMX, the exchange’s platform token, fell by around 63% during the 24 hours surrounding the announcement. BitMart’s own market page showed a decline of about 64.9% at one stage, while CoinGecko’s BMX page placed the token near $0.164 on July 26 with about $6.1 million in daily volume. The sharp move reflected the token’s close link to exchange activity.
BMX provides trading-fee discounts and other platform benefits. The planned end of trading removes much of that direct use. Price readings varied across trackers because the market moved quickly and platforms used different update times. CoinGecko data placed the token’s market value near $55.6 million on July 26, down from more than $100 million earlier in the week.
Closure follows recent service restrictions BitMart did not identify a single event behind the shutdown. Its notice referred only to “operating conditions, market environment, and future strategic direction.” The exchange did not state that it had entered insolvency, and it did not connect the decision to a security incident, regulatory order, or lack of customer assets. Users therefore still lack a detailed financial explanation.
The decision followed several service changes. BitMart suspended its automated market-making bot on July 24 and returned users’ principal and earnings to spot accounts. It also ended spot margin trading, with forced liquidation scheduled for July 26. On July 23, the exchange told remaining U.S.-linked users to close positions and withdraw by August 8 during a compliance review.
BitMart follows other crypto platform closures The announcement came three days after BitMEX said it would close its derivatives exchange on September 23 following a strategic review. BitMEX stopped new registrations and set August 26 as the date when customers could no longer open new positions. Odos also announced plans to shut its decentralized exchange aggregator on July 30, although the platforms gave different reasons and timelines.
BitMart entered the market in 2017 and grew through a wide selection of smaller tokens. A 2021 Series B round led by Alexander Capital Ventures valued the company at more than $300 million. Fenbushi Capital had made an earlier investment in 2019. Days after the Series B announcement, attackers compromised two hot wallets and stole assets valued at about $150 million by BitMart, while outside estimates reached $196 million.
BitMart said at the time that it would use its own funds to compensate affected customers. The shutdown notice did not link the wind-down to that breach, which occurred nearly five years earlier. In May 2026, BitMart said “all platform operations are running normally” while responding to online concerns about withdrawals and risk controls. It also said it planned to publish proof of reserves after completing security preparations.
The exchange now warns that scammers may exploit the shutdown. BitMart said it will not charge an expedited withdrawal fee or ask for passwords, two-factor codes, private keys, or recovery phrases. It advised users to rely on its official website, app, registered emails, and support system. Customers must also check networks and addresses before transferring funds.
Crypto exchange BitMart to shut down after nine years. (Tim Mossholder/Unsplashed, modified by CoinDesk)Summary
Cryptocurrency exchange BitMart will wind down its trading platform after nine years, halting all trading by Aug. 26 and fully ceasing operations on Jan. 31, 2027.The closure, attributed vaguely to operating conditions, the market environment and future strategy, sent BitMart’s BMX token down about 58% in 24 hours, extending a yearlong slide of roughly 70%.BitMart, which recently reported about $1.6 billion in 24-hour trading volume, is keeping withdrawals open but warns of extra identity and security checks that could delay processing as users rush to exit.Cryptocurrency exchange BitMart said Sunday it will wind down its trading platform, ending nine years of operation and sending its exchange token down almost 60% after the announcement.
It is the second crypto exchange to announce a closure in the same week, with perpetuals trading powerhouse BitMEX saying Thursday it would shut down after 11 years, as CoinDesk reported.
The exchange stopped accepting new registrations, deposits and new trading orders from 01:30 UTC on Sunday, it said, with futures accounts moving to reduce-only mode.
All trading, spot and derivatives, ends on Aug. 26, and the platform formally ceases operations on Jan. 31, 2027. Withdrawals stay open throughout, though BitMart urged users to complete identity checks, close positions and submit withdrawal requests before the August cutoff.
Important Notice
After a careful evaluation of the Company's operating conditions, market environment, and future strategic direction, BitMart has made the difficult decision to commence an orderly wind-down of its trading platform operations. We deeply regret having to make… pic.twitter.com/KX3zczIrAh
— BitMart (@BitMartExchange) July 26, 2026 The company attributed the decision to its "operating conditions, market environment, and future strategic direction," offering no further detail on which of those forced the closure.
CoinDesk has reached out to BitMart for further comment.
BMX, the platform's token, fell to about 8 cents, down 58% over 24 hours, cutting its market value to roughly $27 million. The token was already down about 70% over the past year, so Sunday's drop extended a long decline rather than starting one.
The exchange's trading figures are significant, despite the closure. BitMart reported about $1.6 billion in 24-hour volume, up 51% from the previous period, with bitcoin accounting for nearly half of it. That jump more plausibly reflects users unwinding positions and moving funds out than any fresh demand, but it leaves open why a platform still clearing that kind of flow is closing.
Meanwhile, the withdrawal terms carry more friction than a routine exit. BitMart said requests may face additional review covering identity verification, device and IP checks, withdrawal-address screening, source-of-funds questions and sanctions checks, and warned that processing could stretch if request volumes spike.
BitMart lost about $196 million to a hot-wallet breach in December 2021, one of the larger exchange hacks of that cycle, and covered customer losses at the time.
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Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Jul 22, 2026
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
BitMart will wind down its cryptocurrency exchange, ending all trading services on Aug. 26 before ceasing operations entirely on Jan. 31, 2027.
“After a careful evaluation of the Company’s operating conditions, market environment, and future strategic direction, BitMart has made the difficult decision to commence an orderly wind-down of its trading platform operations,” it said in a Sunday notice.
Under the shutdown plan, BitMart has stopped accepting new user registrations and deposits, while futures trading has entered reduce-only mode and spot markets no longer accept new orders.
BitMart joins a growing list of crypto trading platforms that have announced plans to close shop in recent months. Among them are BitMEX and Dango, which both said this week they would shut down their respective trading platforms.
BMX sinks amid withdrawal complaintsBitMart’s native token, BMX, lost nearly 70% of its value while users reported delayed withdrawals from the exchange.
BMX traded at about $0.09464 at the time of writing, down nearly 70% from about $0.31 late Friday. The token fell as low as $0.1058 early Saturday before extending its losses.
Several users on X reported that withdrawals were taking longer than usual, with some claiming that Tether USDt (USDT) withdrawal requests remained pending for hours.
Arkham data showed wallets attributed to BitMart held about $71 million in crypto assets on Sunday, down from roughly $102 million on July 6. About $41.5 million was in stablecoin banking platform WeFi’s WFI tokens, while the tracked wallets held about $91,000 in USDT.
BitMart’s USDT balance over the past month. Source: Arkham
In its wind-down announcement, BitMart said some withdrawal requests could be subject to additional compliance and security reviews, potentially extending processing times.
BitMart did not respond to Cointelegraph’s request for comment before publication.
BMX? BMEX? BitMEX?Some users on X also appeared to confuse BitMart and its BMX token with BitMEX.
On Saturday, an X user in the Mandarin-speaking crypto community who goes by “Brother Lu” drew attention to BMX’s price drop while speculating about its cause.
“The whole internet was posting yesterday that it was shutting down on Sept. 30. Did you just wake up?” another X user replied, according to a machine translation.
The reference to Sept. 30 did not match BitMEX’s Sept. 23 shutdown date announced Thursday. BitMEX’s own token, BMEX, fell 90% shortly after the notice.
Several other users in the Mandarin-speaking community also mixed up BMX with BitMEX.
It was not immediately clear whether the confusion had any impact on BMX trading.
Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Trump Team deposits $21.94 million worth of tokens into a centralized exchange (CEX)
According to YuEjin Monitoring, tokens unlocked and transferred from the TRUMP meme coin’s team address yesterday have entered centralized exchanges (CEXs). Specifically, 13.8 million TRUMP tokens, valued at $21.94 million, were transferred into Binance, OKX, and Kucoin 15 minutes ago.
3 minutes ago
Following Bain Capital's exit, SK Hynix may become Kioxia's actual second-largest shareholder, while Toshiba regains its position as the largest shareholder.
According to South Korean media outlet Daum, U.S. investment firm Bain Capital is expected to generate around 2.5 trillion yen in investment proceeds from selling most of its stake in Japanese storage chip maker Kioxia, marking one of the highest returns on a private equity (PE) deal in Japan. With Bain Capital’s exit, Kioxia’s largest shareholder has reverted to Toshiba, which holds a roughly 15% stake; SK Hynix, via convertible bonds held by a special purpose company (SPC), has become the de facto second-largest shareholder, with an approximate 14% stake. However, since SK Hynix has not yet converted the convertible bonds into shares, it does not currently hold formal shareholder voting rights, and the conversion will only be completed after obtaining antitrust approvals from relevant countries. SK Hynix previously invested around 395 billion yen in the relevant SPC via convertible bonds, and has committed to not holding more than 15% of Kioxia’s voting rights by 2028. Market observers note that amid intensifying global competition in the storage chip sector, Kioxia’s complex shareholding structure and potential changes to SK Hynix’s stake will be key variables in Japan’s semiconductor industry strategic layout.
3 minutes ago
China Asset Management disclosed that some of its ETFs may face net asset value (NAV) difference risks on the first day of Changxin Technology’s listing.
China Asset Management announced that Changxin Technology will list on the Shanghai Stock Exchange STAR Market on July 27, 2026. Some of its exchange-traded funds (ETFs) will participate in the company’s online and offline share subscriptions, and will value the stock at an issue price of RMB 8.66 per share ahead of listing. As the first five trading days of listing carry no price fluctuation limits, resulting in sharp stock price swings, and the ETF’s Indicative Optimized Portfolio Value (IOPV) only reflects the issue price, not market price fluctuations, there may be a gap between the IOPV and the fund’s net asset value on the first trading day. The firm reminds investors to pay attention to related risks.
3 minutes ago
Iran pauses retaliatory strikes.
Iran has announced it is suspending retaliatory strikes after the U.S. halted its own military operations for the second consecutive night. An Iranian military spokesperson warned that any renewed U.S. attacks would escalate the conflict, as fighting has spread to the Strait of Mandeb.
3 minutes ago
Viewpoint: The successive shutdowns of BitMEX and BitMart reflect intense competition among centralized exchanges (CEXs) under the compliance trend, marking an active reshuffle in the sector.
In response to the successive closures of BitMEX and BitMart, crypto researcher Haotian stated that this is not a simple case of centralized exchange (CEX) implosions signaling a bull market, but rather an active reshuffle driven by fierce competition among CEXs under the global compliance trend. Haotian pointed out that CEXs’ competition has shifted to compliance requirements such as licensing, proof of reserves, and KYC/AML, while actively expanding TradFi (Traditional Finance) assets like tokenized US stocks to open up new revenue streams—but this also means the gradual erosion of pricing power in traditional crypto trading. "Small and medium-sized exchanges must find a differentiated positioning to survive: either deepening regional licensing and localized services to exploit regulatory arbitrage, focusing on specific niche products such as TradFi assets, perpetual contracts (Perps), and RWAFi (Real-World Assets Finance), or fully embracing crypto-native innovation narratives—including DeFi, the Agentic Economy, and MEMEs—with the support of crypto-native communities to weather market cycles. In any case, continuing homogeneous cutthroat competition will only accelerate the elimination wave, though it’s not all bad to clear out some less competitive players."
3 minutes ago
Binance conducts monthly red team testing for its employees, with those who repeatedly fail potentially facing termination.
Binance’s Chief Security Officer Jimmy Su stated that the crypto exchange conducts internal red team testing on a monthly basis to evaluate employees’ overall security awareness. Test scenarios include impersonating recruiters, sending free meeting invitations, and tricking staff into submitting personal information. Employees who fail the tests are required to complete corrective training, and the results will be factored into their performance evaluations. Those who fail multiple times seriously may face termination. Note: Red team testing (or red teaming) is a security assessment method that simulates real attackers, mainly used to verify the overall defense capabilities of organizations, systems, networks or personnel against advanced, persistent threats. (Cointelegraph)
Kripto para borsası BitMart, yaklaşık dokuz yıllık faaliyetinin ardından işlem platformunu kademeli olarak kapatma kararı aldığını açıkladı. Şirket, faaliyet koşulları, piyasa ortamı ve gelecekteki stratejik planlarını gerekçe göstererek aldığı karar kapsamında alım-satım hizmetlerini durduracağını duyurdu. Günlük yaklaşık 1,6 milyar dolarlık işlem hacmine sahip olan borsanın bu kararı, piyasada da sert yankı uyandırdı.
BitMart’ın açıklamasının ardından borsanın yerel tokeni BMX sert değer kaybederken, şirket kullanıcılarına açık pozisyonlarını kapatmaları ve varlıklarını mümkün olan en kısa sürede platformdan çekmeleri çağrısında bulundu.
BitMart hangi tarihlerde hizmetlerini durduracak? BitMart tarafından yayımlanan takvime göre platform üç aşamada faaliyetlerini sonlandıracak:
26 Temmuz 2026 – 01.30 UTC: Yeni kullanıcı kayıtları, para yatırma işlemleri ve yeni alım-satım emirleri durdurulacak. 26 Ağustos 2026 – 01.00 UTC: Spot ve vadeli işlemler dahil tüm alım-satım hizmetleri sona erecek. 31 Ocak 2027 – 15.59 UTC: Platformun tüm operasyonları resmi olarak sonlandırılacak. Şirket, para çekme hizmetlerinin ise kapanış süreci boyunca devam edeceğini belirtti.
Important Notice
After a careful evaluation of the Company's operating conditions, market environment, and future strategic direction, BitMart has made the difficult decision to commence an orderly wind-down of its trading platform operations. We deeply regret having to make… pic.twitter.com/KX3zczIrAh
— BitMart (@BitMartExchange) July 26, 2026
BitMart kullanıcılarına kritik uyarı yaptı BitMart, kullanıcıların mağduriyet yaşamaması için açık pozisyonlarını kapatmalarını, gerekiyorsa KYC (kimlik doğrulama) işlemlerini tamamlamalarını ve dijital varlıklarını mümkün olan en kısa sürede çekmelerini tavsiye etti.
Şirket ayrıca, kapanış süreci nedeniyle para çekme taleplerinde yoğunluk yaşanabileceğini ve ek güvenlik kontrolleri ile kimlik doğrulama süreçlerinin işlem sürelerini uzatabileceğini bildirdi.
BitMart, Telegram, WhatsApp veya sosyal medya üzerinden kendilerini şirket çalışanı olarak tanıtıp ücret talep eden kişilere karşı da kullanıcıları dolandırıcılık girişimlerine karşı uyardı.
BMX token sert değer kaybetti Kapanış kararının ardından piyasa da anında tepki verdi. BitMart’ın yerel tokeni BMX, pazar günü 0,11016 dolar seviyesine gerileyerek yaklaşık %46,08 değer kaybetti.
Böylece BMX, 5 Haziran 2024’te ulaştığı 0,61905 dolarlık tüm zamanların en yüksek seviyesine göre yaklaşık %82 aşağıda işlem görmeye başladı. Günlük fiyat hareketini takip eden bazı platformlarda ise kaybın %58’e kadar ulaştığı görüldü.
BitMart, faaliyetlerini sonlandırma kararının arkasında şirketin operasyonel koşulları, mevcut piyasa ortamı ve gelecekteki stratejik planlarının bulunduğunu açıkladı. Şirket, kapanış kararına ilişkin daha ayrıntılı bir gerekçe paylaşmadı.
Son haftalarda marjin işlemleri, AMM hizmetleri ve bazı işlem çiftlerini sonlandıran BitMart’ın, son duyurusuyla birlikte işlem platformunu tamamen kapatma sürecini resmen başlattığı görüldü.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
BitMart will shut down its crypto trading platform through an orderly wind-down process after determining that current operating conditions, market circumstances and its long-term strategy no longer support continuing operations, the company said this week.
Important Notice
After a careful evaluation of the Company's operating conditions, market environment, and future strategic direction, BitMart has made the difficult decision to commence an orderly wind-down of its trading platform operations. We deeply regret having to make… pic.twitter.com/KX3zczIrAh
— BitMart (@BitMartExchange) July 26, 2026
In a statement, the exchange said it will gradually stop accepting new users, suspend fiat and crypto deposits, prevent new futures positions and spot orders, and phase out copy trading, grid trading, API trading and other automated services beginning July 26, 2026.
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Trading across spot and futures markets will cease on Aug. 26, while investment products including Earn, staking, lending and Launchpad will be retired separately. The exchange expects to officially cease platform operations on Jan. 31, 2027, although users will temporarily retain access to their accounts for withdrawals and historical records afterward.
Users are advised to withdraw assets as early as possible by completing KYC verification, closing open positions and submitting withdrawal requests before the Aug. 26 deadline.
The firm said withdrawals will remain available but may be subject to identity verification, blockchain risk analysis, Travel Rule compliance, sanctions screening and source-of-funds checks, with processing times potentially extended during periods of heavy demand.
Established in 2017 by founder and CEO Sheldon Xia, BitMart has grown to support a wide range of crypto trading products and investment services. Its wind-down comes amid a prolonged crypto market downturn that has forced several companies to shut down, restructure or scale back operations.
Earlier this week, BitMEX, co-founded by Arthur Hayes, announced it would shut down on Sept. 23, ending one of crypto’s longest-running derivatives exchanges.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
BitMart will wind down its cryptocurrency exchange, ending all trading services on Aug. 26 before ceasing operations entirely on Jan. 31, 2027.
“After a careful evaluation of the Company’s operating conditions, market environment, and future strategic direction, BitMart has made the difficult decision to commence an orderly wind-down of its trading platform operations,” it said in a Sunday notice.
Under the shutdown plan, BitMart has stopped accepting new user registrations and deposits, while futures trading has entered reduce-only mode and spot markets no longer accept new orders.
BitMart joins a growing list of crypto trading platforms that have announced plans to close shop in recent months. Among them are BitMEX and Dango, which both said this week they would shut down their respective trading platforms.
BMX sinks amid withdrawal complaintsBitMart’s native token, BMX, lost nearly 70% of its value while users reported delayed withdrawals from the exchange.
BMX traded at about $0.09464 at the time of writing, down nearly 70% from about $0.31 late Friday. The token fell as low as $0.1058 early Saturday before extending its losses.
Several users on X reported that withdrawals were taking longer than usual, with some claiming that Tether USDt (USDT) withdrawal requests remained pending for hours.
Arkham data showed wallets attributed to BitMart held about $71 million in crypto assets on Sunday, down from roughly $102 million on July 6. About $41.5 million was in stablecoin banking platform WeFi’s WFI tokens, while the tracked wallets held about $91,000 in USDT.
BitMart’s USDT balance over the past month. Source: Arkham
In its wind-down announcement, BitMart said some withdrawal requests could be subject to additional compliance and security reviews, potentially extending processing times.
BitMart did not respond to Cointelegraph’s request for comment before publication.
BMX? BMEX? BitMEX?Some users on X also appeared to confuse BitMart and its BMX token with BitMEX.
On Saturday, an X user in the Mandarin-speaking crypto community who goes by “Brother Lu” drew attention to BMX’s price drop while speculating about its cause.
“The whole internet was posting yesterday that it was shutting down on Sept. 30. Did you just wake up?” another X user replied, according to a machine translation.
The reference to Sept. 30 did not match BitMEX’s Sept. 23 shutdown date announced Thursday. BitMEX’s own token, BMEX, fell 90% shortly after the notice.
Several other users in the Mandarin-speaking community also mixed up BMX with BitMEX.
It was not immediately clear whether the confusion had any impact on BMX trading.
Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Trump Team deposits $21.94 million worth of tokens into a centralized exchange (CEX)
According to YuEjin Monitoring, tokens unlocked and transferred from the TRUMP meme coin’s team address yesterday have entered centralized exchanges (CEXs). Specifically, 13.8 million TRUMP tokens, valued at $21.94 million, were transferred into Binance, OKX, and Kucoin 15 minutes ago.
3 minutes ago
Following Bain Capital's exit, SK Hynix may become Kioxia's actual second-largest shareholder, while Toshiba regains its position as the largest shareholder.
According to South Korean media outlet Daum, U.S. investment firm Bain Capital is expected to generate around 2.5 trillion yen in investment proceeds from selling most of its stake in Japanese storage chip maker Kioxia, marking one of the highest returns on a private equity (PE) deal in Japan. With Bain Capital’s exit, Kioxia’s largest shareholder has reverted to Toshiba, which holds a roughly 15% stake; SK Hynix, via convertible bonds held by a special purpose company (SPC), has become the de facto second-largest shareholder, with an approximate 14% stake. However, since SK Hynix has not yet converted the convertible bonds into shares, it does not currently hold formal shareholder voting rights, and the conversion will only be completed after obtaining antitrust approvals from relevant countries. SK Hynix previously invested around 395 billion yen in the relevant SPC via convertible bonds, and has committed to not holding more than 15% of Kioxia’s voting rights by 2028. Market observers note that amid intensifying global competition in the storage chip sector, Kioxia’s complex shareholding structure and potential changes to SK Hynix’s stake will be key variables in Japan’s semiconductor industry strategic layout.
3 minutes ago
China Asset Management disclosed that some of its ETFs may face net asset value (NAV) difference risks on the first day of Changxin Technology’s listing.
China Asset Management announced that Changxin Technology will list on the Shanghai Stock Exchange STAR Market on July 27, 2026. Some of its exchange-traded funds (ETFs) will participate in the company’s online and offline share subscriptions, and will value the stock at an issue price of RMB 8.66 per share ahead of listing. As the first five trading days of listing carry no price fluctuation limits, resulting in sharp stock price swings, and the ETF’s Indicative Optimized Portfolio Value (IOPV) only reflects the issue price, not market price fluctuations, there may be a gap between the IOPV and the fund’s net asset value on the first trading day. The firm reminds investors to pay attention to related risks.
3 minutes ago
Iran pauses retaliatory strikes.
Iran has announced it is suspending retaliatory strikes after the U.S. halted its own military operations for the second consecutive night. An Iranian military spokesperson warned that any renewed U.S. attacks would escalate the conflict, as fighting has spread to the Strait of Mandeb.
3 minutes ago
Viewpoint: The successive shutdowns of BitMEX and BitMart reflect intense competition among centralized exchanges (CEXs) under the compliance trend, marking an active reshuffle in the sector.
In response to the successive closures of BitMEX and BitMart, crypto researcher Haotian stated that this is not a simple case of centralized exchange (CEX) implosions signaling a bull market, but rather an active reshuffle driven by fierce competition among CEXs under the global compliance trend. Haotian pointed out that CEXs’ competition has shifted to compliance requirements such as licensing, proof of reserves, and KYC/AML, while actively expanding TradFi (Traditional Finance) assets like tokenized US stocks to open up new revenue streams—but this also means the gradual erosion of pricing power in traditional crypto trading. "Small and medium-sized exchanges must find a differentiated positioning to survive: either deepening regional licensing and localized services to exploit regulatory arbitrage, focusing on specific niche products such as TradFi assets, perpetual contracts (Perps), and RWAFi (Real-World Assets Finance), or fully embracing crypto-native innovation narratives—including DeFi, the Agentic Economy, and MEMEs—with the support of crypto-native communities to weather market cycles. In any case, continuing homogeneous cutthroat competition will only accelerate the elimination wave, though it’s not all bad to clear out some less competitive players."
3 minutes ago
Binance conducts monthly red team testing for its employees, with those who repeatedly fail potentially facing termination.
Binance’s Chief Security Officer Jimmy Su stated that the crypto exchange conducts internal red team testing on a monthly basis to evaluate employees’ overall security awareness. Test scenarios include impersonating recruiters, sending free meeting invitations, and tricking staff into submitting personal information. Employees who fail the tests are required to complete corrective training, and the results will be factored into their performance evaluations. Those who fail multiple times seriously may face termination. Note: Red team testing (or red teaming) is a security assessment method that simulates real attackers, mainly used to verify the overall defense capabilities of organizations, systems, networks or personnel against advanced, persistent threats. (Cointelegraph)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BitMart, one of the world’s largest cryptocurrency exchanges by trading volume, has announced that it will begin an orderly shutdown of its trading platform operations.
The trading platform said it made the decision after evaluating its “operating conditions, market environment, and future strategic direction.” The exchange stressed that the wind-down process would be conducted in an orderly manner.
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BitMart is not a small crypto platform. According to exchange rankings by daily trading volume, it has consistently ranked among the top global exchanges alongside industry giants such as Binance, Coinbase, OKX, Bybit, KuCoin, and others. The platform supported hundreds of cryptocurrencies and served users across multiple regions, which is why its sudden demise is rather notable. It boasts a 24-hour derivatives trading volume of $8.4 billion, according to CoinMarketCap data.
The shutdown process Starting July 26 at 01:30 UTC, BitMart will stop accepting new user registrations. Fiat deposits will be suspended and all trading activity will be halted. The exchange warned users not to send assets after deposits are disabled.
Full trading services, including spot and futures markets, will end on Aug. 26 at 01:00 UTC. Any remaining futures positions may be settled according to the platform’s settlement rules.
This is already the second major trading platform to announce that it is shutting down this year amid the ongoing bear market.
Earlier this week, as reported by U.Today, another veteran crypto exchange, BitMEX, announced that it would shut down operations after more than 11 years in business. The exchange will cease operations on Sept. 23. It has urged users to close positions and withdraw funds before the deadline.
Trump Team deposits $21.94 million worth of tokens into a centralized exchange (CEX)
According to YuEjin Monitoring, tokens unlocked and transferred from the TRUMP meme coin’s team address yesterday have entered centralized exchanges (CEXs). Specifically, 13.8 million TRUMP tokens, valued at $21.94 million, were transferred into Binance, OKX, and Kucoin 15 minutes ago.
3 minutes ago
Following Bain Capital's exit, SK Hynix may become Kioxia's actual second-largest shareholder, while Toshiba regains its position as the largest shareholder.
According to South Korean media outlet Daum, U.S. investment firm Bain Capital is expected to generate around 2.5 trillion yen in investment proceeds from selling most of its stake in Japanese storage chip maker Kioxia, marking one of the highest returns on a private equity (PE) deal in Japan. With Bain Capital’s exit, Kioxia’s largest shareholder has reverted to Toshiba, which holds a roughly 15% stake; SK Hynix, via convertible bonds held by a special purpose company (SPC), has become the de facto second-largest shareholder, with an approximate 14% stake. However, since SK Hynix has not yet converted the convertible bonds into shares, it does not currently hold formal shareholder voting rights, and the conversion will only be completed after obtaining antitrust approvals from relevant countries. SK Hynix previously invested around 395 billion yen in the relevant SPC via convertible bonds, and has committed to not holding more than 15% of Kioxia’s voting rights by 2028. Market observers note that amid intensifying global competition in the storage chip sector, Kioxia’s complex shareholding structure and potential changes to SK Hynix’s stake will be key variables in Japan’s semiconductor industry strategic layout.
3 minutes ago
China Asset Management disclosed that some of its ETFs may face net asset value (NAV) difference risks on the first day of Changxin Technology’s listing.
China Asset Management announced that Changxin Technology will list on the Shanghai Stock Exchange STAR Market on July 27, 2026. Some of its exchange-traded funds (ETFs) will participate in the company’s online and offline share subscriptions, and will value the stock at an issue price of RMB 8.66 per share ahead of listing. As the first five trading days of listing carry no price fluctuation limits, resulting in sharp stock price swings, and the ETF’s Indicative Optimized Portfolio Value (IOPV) only reflects the issue price, not market price fluctuations, there may be a gap between the IOPV and the fund’s net asset value on the first trading day. The firm reminds investors to pay attention to related risks.
3 minutes ago
Iran pauses retaliatory strikes.
Iran has announced it is suspending retaliatory strikes after the U.S. halted its own military operations for the second consecutive night. An Iranian military spokesperson warned that any renewed U.S. attacks would escalate the conflict, as fighting has spread to the Strait of Mandeb.
3 minutes ago
Viewpoint: The successive shutdowns of BitMEX and BitMart reflect intense competition among centralized exchanges (CEXs) under the compliance trend, marking an active reshuffle in the sector.
In response to the successive closures of BitMEX and BitMart, crypto researcher Haotian stated that this is not a simple case of centralized exchange (CEX) implosions signaling a bull market, but rather an active reshuffle driven by fierce competition among CEXs under the global compliance trend. Haotian pointed out that CEXs’ competition has shifted to compliance requirements such as licensing, proof of reserves, and KYC/AML, while actively expanding TradFi (Traditional Finance) assets like tokenized US stocks to open up new revenue streams—but this also means the gradual erosion of pricing power in traditional crypto trading. "Small and medium-sized exchanges must find a differentiated positioning to survive: either deepening regional licensing and localized services to exploit regulatory arbitrage, focusing on specific niche products such as TradFi assets, perpetual contracts (Perps), and RWAFi (Real-World Assets Finance), or fully embracing crypto-native innovation narratives—including DeFi, the Agentic Economy, and MEMEs—with the support of crypto-native communities to weather market cycles. In any case, continuing homogeneous cutthroat competition will only accelerate the elimination wave, though it’s not all bad to clear out some less competitive players."
3 minutes ago
Binance conducts monthly red team testing for its employees, with those who repeatedly fail potentially facing termination.
Binance’s Chief Security Officer Jimmy Su stated that the crypto exchange conducts internal red team testing on a monthly basis to evaluate employees’ overall security awareness. Test scenarios include impersonating recruiters, sending free meeting invitations, and tricking staff into submitting personal information. Employees who fail the tests are required to complete corrective training, and the results will be factored into their performance evaluations. Those who fail multiple times seriously may face termination. Note: Red team testing (or red teaming) is a security assessment method that simulates real attackers, mainly used to verify the overall defense capabilities of organizations, systems, networks or personnel against advanced, persistent threats. (Cointelegraph)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Trump Team deposits $21.94 million worth of tokens into a centralized exchange (CEX)
According to YuEjin Monitoring, tokens unlocked and transferred from the TRUMP meme coin’s team address yesterday have entered centralized exchanges (CEXs). Specifically, 13.8 million TRUMP tokens, valued at $21.94 million, were transferred into Binance, OKX, and Kucoin 15 minutes ago.
3 minutes ago
Following Bain Capital's exit, SK Hynix may become Kioxia's actual second-largest shareholder, while Toshiba regains its position as the largest shareholder.
According to South Korean media outlet Daum, U.S. investment firm Bain Capital is expected to generate around 2.5 trillion yen in investment proceeds from selling most of its stake in Japanese storage chip maker Kioxia, marking one of the highest returns on a private equity (PE) deal in Japan. With Bain Capital’s exit, Kioxia’s largest shareholder has reverted to Toshiba, which holds a roughly 15% stake; SK Hynix, via convertible bonds held by a special purpose company (SPC), has become the de facto second-largest shareholder, with an approximate 14% stake. However, since SK Hynix has not yet converted the convertible bonds into shares, it does not currently hold formal shareholder voting rights, and the conversion will only be completed after obtaining antitrust approvals from relevant countries. SK Hynix previously invested around 395 billion yen in the relevant SPC via convertible bonds, and has committed to not holding more than 15% of Kioxia’s voting rights by 2028. Market observers note that amid intensifying global competition in the storage chip sector, Kioxia’s complex shareholding structure and potential changes to SK Hynix’s stake will be key variables in Japan’s semiconductor industry strategic layout.
3 minutes ago
China Asset Management disclosed that some of its ETFs may face net asset value (NAV) difference risks on the first day of Changxin Technology’s listing.
China Asset Management announced that Changxin Technology will list on the Shanghai Stock Exchange STAR Market on July 27, 2026. Some of its exchange-traded funds (ETFs) will participate in the company’s online and offline share subscriptions, and will value the stock at an issue price of RMB 8.66 per share ahead of listing. As the first five trading days of listing carry no price fluctuation limits, resulting in sharp stock price swings, and the ETF’s Indicative Optimized Portfolio Value (IOPV) only reflects the issue price, not market price fluctuations, there may be a gap between the IOPV and the fund’s net asset value on the first trading day. The firm reminds investors to pay attention to related risks.
3 minutes ago
Iran pauses retaliatory strikes.
Iran has announced it is suspending retaliatory strikes after the U.S. halted its own military operations for the second consecutive night. An Iranian military spokesperson warned that any renewed U.S. attacks would escalate the conflict, as fighting has spread to the Strait of Mandeb.
3 minutes ago
Binance conducts monthly red team testing for its employees, with those who repeatedly fail potentially facing termination.
Binance’s Chief Security Officer Jimmy Su stated that the crypto exchange conducts internal red team testing on a monthly basis to evaluate employees’ overall security awareness. Test scenarios include impersonating recruiters, sending free meeting invitations, and tricking staff into submitting personal information. Employees who fail the tests are required to complete corrective training, and the results will be factored into their performance evaluations. Those who fail multiple times seriously may face termination. Note: Red team testing (or red teaming) is a security assessment method that simulates real attackers, mainly used to verify the overall defense capabilities of organizations, systems, networks or personnel against advanced, persistent threats. (Cointelegraph)
3 minutes ago
Iran's military warns Israel that it will face 'severe consequences' if it restarts the war.
According to Iranian sources, in the early hours of local time on the 26th, Hossein Mohabbi, spokesperson for Iran's Islamic Revolutionary Guard Corps (IRGC), warned that if Israel reignites war, Iran will "make it bear severe consequences". He emphasized that any country supporting the US in the Iran-US conflict, including the UK and Gulf states, will be regarded as Iran's "legitimate strike targets". Mohabbi said that US military B-1 strategic bombers have recently used British military bases, and if the UK continues to support the US, it will become a "clear and legitimate strike target". He also stated that Iran has "formulated specific plans for every scenario". Mohabbi pointed out that Israel is inciting the US President and providing him with false information, attempting to leverage US capabilities to keep the US in the region so as to achieve Israel's own strategic goals. He warned: "Israel is fully aware of what consequences it will face if it chooses to return to the battlefield and become our core strike target." (CCTV News)
A little over a month ago, Space Exploration Technologies (SPCX -2.85%) completed the largest IPO in history. Initially, SpaceX stock surged, briefly touching an intraday high above $225 per share and eclipsing Amazon's market capitalization.
However, over the last few weeks, SpaceX stock has witnessed significant pressure. As of the closing bell Thursday, shares were down by 48% from their post-IPO high, and off 21% from their opening price on the first day of trading. With SpaceX's first earnings report as a public company scheduled for Aug. 4, is now an opportunity to buy the dip?
Image source: Getty Images.
What does Wall Street expect for SpaceX earnings? The consensus estimate among analysts is that SpaceX will report revenue of roughly $6.9 billion and a loss of $0.28 per share for the second quarter. While this would represent a 47% increase from the company's first-quarter revenue, the bottom line is expected to remain deeply negative -- underscoring the capital-intensive nature of SpaceX's various businesses.
Keep an eye out for these issues on the earnings call Analysts will likely press management for information on a number of operational issues. For starters, they will want details about Starship Flight 13, which SpaceX was forced to scrub at launch earlier this month.
Wall Street will almost certainly ask questions about SpaceX's AI roadmap as well. Specifically, management should touch on progress around its $82 billion worth of capacity contracts with Google Cloud, Anthropic, and Reflection AI, and also address the integration of the company's recent $60 billion Cursor acquisition.
Today's Change
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Smart investors understand that timing stock purchases around a single event is a fool's errand. Employing a long-term horizon and a steady investing cadence remains the most reliable approach to creating wealth.
Currently, it is simply too difficult to know whether SpaceX stock is a falling knife or simply undergoing a temporary correction. Prudent investors would be best off sitting on the sidelines until the company reports earnings. Then, they can digest the numbers and management's commentary before making a decision about whether to buy shares.
Adam Spatacco has positions in Amazon. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy.
Alphabet has just sold-off by ~14% in less than 2 weeks. Which created a great opportunity. The market is afraid of rising CAPEX and negative free cash flow. But it fails to realize that Google Cloud is the fastest-growing player, with a $514B backlog and operating margins now exceeding 35%, rivaling AWS.
Alphabet (GOOG +0.21%)(GOOGL +0.58%) released its operating results for the second quarter of 2026 (ended June 30) after the market closed on Wednesday. Once again, artificial intelligence (AI) fueled strong revenue growth in important businesses like Google Search and Google Cloud.
However, Alphabet said it plans to spend even more on AI data centers during 2026 than originally expected, which made investors uneasy. These capital expenditures (capex) could seriously hurt the company's earnings power over the next few years, and thus lead to sluggish returns in its stock.
Alphabet stock immediately fell by around 7% following the release of the Q2 report, and it's now down 20% from its recent all-time high. Could this be the ultimate buying opportunity for long-term investors?
Image source: Alphabet.
Another strong quarter for Google Search and Google Cloud Google Search's advertising business is Alphabet's largest source of revenue. The company has infused AI-powered features into the search engine to fight off the competitive threat from chatbots like OpenAI's ChatGPT, and the strategy is working.
First, AI Overviews use text, images, and links to third-party sources to provide AI-generated answers to queries in Google Search. They appear above the traditional search results, so users no longer have to dig through web pages to find the information they need. Then there is AI Mode, which opens a chatbot-style interface where users can expand on their original query by asking follow-up questions. AI Mode already has 1 billion monthly active users, despite only launching globally last October.
Alphabet said these features are driving increased search usage overall. This is great news because it means users are seeing more ads, and the company is making more money. On that note, Google Search generated a record $63.3 billion in revenue during Q2, up 17% from the year-ago period.
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Google Cloud also had a very strong quarter. The cloud platform operates data centers all over the world that house thousands of specialized AI chips, and it rents the computing power to other businesses. It also offers a platform called Gemini Enterprise, where businesses can turn that computing capacity into finished AI chatbots, agents, and other applications. Alphabet says 90% of the Fortune 100 companies are using it already.
Google Cloud has consistently been the fastest-growing piece of Alphabet's business over the last couple of years, purely because of demand for AI-related services. Its revenue surged by 82% during Q2, to $24.8 billion.
Alphabet raised its capital expenditures forecast While Google Cloud is already growing at a blistering pace, it had a staggering $514 billion order backlog as of June 30, a $50 billion increase from the first quarter of 2026 just three months earlier. Most of that backlog was from AI customers who were waiting for more data center capacity to come online. In order to meet their needs, Alphabet has to spend a truckload of money to build more infrastructure.
When discussing the company's Q2 operating results, management said capex was on track to come in somewhere between $195 billion and $205 billion during 2026. That forecast was revised higher from $180 billion to $190 billion in management's previous update, and it followed $91 billion in spending last year.
Data centers and chips usually have a useful life of several years, so Alphabet doesn't account for these costs up front. Instead, it depreciates the infrastructure over time, which means these enormous capex sums could erode Alphabet's profits for years to come. That won't be a problem if AI computing capacity and enterprise tools remain in high demand, but that isn't a guarantee.
That's why investors wince every time a hyperscaler like Alphabet ramps up its capex plans even further. Every misallocated dollar today could reduce the company's earnings and dent its stock price for a very long time.
Alphabet stock looks cheap, so should investors buy the dip? On the surface, Alphabet's Q2 earnings soared by 294% year over year to $9.11 per share. But that's only because the company experienced a staggering $98 billion increase in the value of its investment holdings in companies like Anthropic and Space Exploration Technologies, which had nothing to do with its operating performance.
If we exclude those gains and also factor in Alphabet's capex, the company actually generated negative free cash flow of $5.8 billion during Q2.
Alphabet stock is trading at a much lower price-to-earnings (P/E) ratio than the Nasdaq-100 index (24.3 versus 33.4), suggesting it's cheaper than a basket of its big-tech peers. However, the stock might be far more expensive than it appears at face value after accounting for investment gains and capex, as demonstrated above.
I'm not saying Alphabet is a bad investment. It's a brilliant company with loads of long-term potential. But as an investor who doesn't already own it, I plan to wait on the sidelines for some of the dust to settle. If management adopts a more cautious approach to capex over the next couple of quarters, I might consider buying the stock.
Under Warren Buffett, Berkshire Hathaway built a substantial stake in Apple. It still ranks as the company's largest equity investment, accounting for 22% of its U.S. stock portfolio. But Buffett's successor, Greg Abel, added a second megacap stock in the first quarter: Alphabet (GOOGL +0.58%) (GOOG +0.21%).
Berkshire initially had 2% of its U.S. stock portfolio in Alphabet, but Abel tripled the stake in the second quarter. Alphabet now accounts for 6% of Berkshire's domestic equity investments, a noteworthy change because the company's $263 billion U.S. stock portfolio accounts for a large percentage of its $1 trillion market value.
Here's what investors should know about Alphabet.
Image source: Getty Images.
Alphabet monetizes AI at multiple layers of the value chain Alphabet stock is compelling not only because the company has reported strong financial results in several consecutive quarters, but also because it has strong growth prospects tied to cloud computing and artificial intelligence, not to mention its dominant position in internet search and advertising.
Alphabet reported encouraging financial results in the second quarter, despite missing Wall Street's consensus estimate on the bottom line. Revenue climbed 24% to $119.8 billion, the sixth straight acceleration, driven by particularly strong sales growth in the cloud segment. Operating income (which excludes unrealized gains from its investment in SpaceX) increased 31% to $40.8 billion.
"It's clear that our AI investments and full-stack approach are driving performance across our business," CEO Sundar Pichai explains. That full-stack approach -- meaning Alphabet develops products at every layer of the value chain -- creates cost efficiencies and lets the company innovate more quickly than competitors that rely on third-party suppliers.
Beyond that, Alphabet's full-stack strategy means it can monetize AI in several different ways. Revenue streams include custom chips (tensor processing units or TPUs), cloud infrastructure services, proprietary models (Gemini), and applications like Google Search, YouTube, and Gemini Enterprise. No other company touches every layer of the value chain to the same degree as Alphabet.
Custom silicon, in particular, is important because it represents a relatively nascent growth opportunity. Alphabet's TPUs are the second-most popular AI accelerators behind Nvidia's GPUs. Alphabet is unlikely to dethrone Nvidia, but it is well positioned to gain market share as companies search for more cost-efficient AI infrastructure solutions.
Indeed, Pichai recently told analysts, "As TPU demand grows from AI labs, capital markets firms, and high-performance computing applications, we will begin to deliver TPUs to a select group of customers in their own data centers." In other words, Alphabet is now selling custom chips directly to customers, in addition to renting TPUs through its cloud computing platform.
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Alphabet stock trades at a very reasonable valuation after its post-earnings drawdown Alphabet stock is down 7% since the company announced second-quarter financial results on July 22, and shares currently trade 21% below the record high they hit in May. The recent drawdown reflects anxiety about the company raising its capital expenditure (capex) outlook for the year.
"We are updating our full-year 2026 capex guidance range to $195 billion to $205 billion, up from our previous estimate of $180 billion to $190 billion," explained CFO Anat Ashkenazi on the earnings call. Demand for AI infrastructure continues to exceed supply, so Alphabet is trying to address that problem as quickly as possible.
I think the market overreacted. Alphabet's cloud revenue increased 82% during the second quarter, the fifth straight acceleration. Admittedly, the company has spent a tremendous amount of money to fund that growth, but investments in AI infrastructure are paying off. Neither Amazon nor Microsoft has reported cloud sales growth anywhere close to that figure in recent quarters.
Looking ahead, the Wall Street consensus says Alphabet's earnings will increase at 14% annually during the next three years. That makes the current valuation of 16 times earnings look quite reasonable. Investors should be comfortable purchasing a stake in this AI stock today, especially after the recent sell-off.
Alphabet (GOOGL +0.58%) (GOOG +0.21%) continues to ramp up its artificial intelligence (AI) infrastructure spending, once again increasing its 2026 capital expenditure (capex) budget when it reported its Q2 earnings. It is now looking to spend between $195 billion and $205 billion building out AI data centers, up from earlier projections of between $180 billion and $190 billion. On top of that, it plans to significantly increase capex next year.
That type of spending will help drive growth at various AI infrastructure companies, both this year and next. Let's look at eight AI infrastructure stocks that should directly benefit from this increased spending.
Broadcom
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As the co-developer of Alphabet's tensor processing units (TPUs), which are designed for specific AI tasks, Broadcom (AVGO -2.88%) is poised to be one of the biggest beneficiaries of the company's increasing infrastructure spending. It manages the physical design and handles the supply chain for these custom AI ASICs (application-specific integrated circuits), and is the one that records the revenue when they are delivered. In addition, Broadcom also has a large networking business that will benefit from Alphabet's AI data-center spending.
Celestica Celestica (CLS -8.90%) is Alphabet's main hardware integration partner. It makes custom printed circuit boards (PCBs) and builds the physical server enclosures for Alphabet's systems. It also connects the server trays into racks and provides network switches that help handle traffic between TPU pods. Celestica's top three hyperscaler customers make up more than 50% of its revenue, with Alphabet believed to be its largest customer (at about 28% of total revenue in Q1).
Lumentum
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Unlike traditional data centers that convert light back into electrical signals to route data, Alphabet's TPU architecture uses direct optical circuit switches (OCS). By keeping the data entirely in the form of light, Alphabet reduces both power consumption and latency. Lumentum (LITE -8.47%) benefits from this as it is just one of only two global suppliers that can produce the high-speed 200G laser chips (EMLs) that generate these light signals at scale.
Nvidia While much of Alphabet's spending will go toward custom TPUs, it also buys Nvidia's (NVDA -1.01%) graphics processing units (GPUs), as well. While TPUs are very good for things like pre-training and inference, GPUs are often better at things like research, custom kernels, sparse models, and many small models. This means Nvidia will still get a slice of this larger spending pie. It also likely ups the ante for other hyperscalers, which are likely to follow in Alphabet's footsteps and raise their own capex budgets in response.
Image source: Getty Images.
SK Hynix, Samsung, and Micron With increased spending on TPUs and GPUs will also come the need for more high-bandwidth memory (HBM). HBM is a special form of DRAM (dynamic random access memory) that is packaged with these chips to optimize their performance. Samsung (SSNLF +0.00%) is the primary HBM supplier for Alphabet, where it works directly with Broadcom. According to reports, it supplies more than 60% of Alphabet's HBM needs for its TPUs. The rest is largely provided by SK Hynix (SKHY -8.81%). The Korean company is also the main HBM supplier for Nvidia's GPUs.
Although Micron (MU -7.24%) isn't a big Alphabet HBM supplier, it likely provides the company with other solutions, like high-density enterprise solid storage devices (eSSDs) for Google Cloud storage and DDR5 server DRAM.
More HBM demand will also help keep overall DRAM prices high, which has been fueling revenue and gross margin gains at the big three DRAM makers.
Taiwan Semiconductor Manufacturing
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Any increase in spending on advanced logic chips generally benefits Taiwan Semiconductor Manufacturing (TSM -2.98%). The company has a near monopoly on advanced logic chip manufacturing, and while Alphabet has reportedly placed a 3 million TPU order with rival Intel, the Taiwanese foundry is still making the vast majority of TPUs. It also provides the chip-on-wafer-on-substrate (CoWoS) advanced packaging that bonds HBM to the TPU die.
Geoffrey Seiler has positions in Alphabet and Broadcom. The Motley Fool has positions in and recommends Alphabet, Broadcom, Celestica, Intel, Lumentum, Micron Technology, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
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2026-07-26T08:07:01.230Z
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Three years ago, Satya Nadella catapulted Microsoft to the front of the AI race and became "like a superhero," one recent former Microsoft executive said.
In February 2023, after betting early on OpenAI, the CEO unveiled Microsoft's AI-powered Bing search engine before a packed audience outside Seattle, and declared a war on Google's search dominance. "A race starts today," he said. Waves of adulation followed. When Nadella helped navigate OpenAI's board crisis later that year, Bill Gurley called it an "amazing shift in corporate reputation." CNN Business chose Nadella as the CEO of the Year.
Inside Microsoft and across the tech industry, Nadella was hailed for seizing the future. Now, his legacy is at stake.
Microsoft's stock is down more than 24% from 12 months ago, significantly worse than the rest of the Magnificent 7. Investors have grown increasingly skeptical that the company's multibillion-dollar AI bet will deliver. Copilot, Microsoft's flagship AI product, lags behind other AI tools like ChatGPT and Claude. LinkedIn has drawn criticism for becoming flooded with AI-generated hustleporn. Xbox's business is "not healthy," its CEO recently said, and undergoing layoffs and restructuring as it tries to justify the company's record-breaking $69 billion Activision Blizzard acquisition.
And inside the company, employees are questioning Microsoft's plans to spend a record $190 billion this year to build AI infrastructure. As generative AI changes how people work, write software, and consume information, three of the company's core businesses hang in the balance: Microsoft 365, GitHub, and Azure. Investors will get a report card on these challenges on Wednesday, when the company releases its fourth-quarter earnings results.
As AI adoption spreads through corporate America, every software company is fighting to fend off the so-called SaaSpocalypse. But the battle is particularly fraught for Nadella's Microsoft, which made an early and loud bet on AI to propel the company's future. Now the company's north star has also become a potential noose.
For decades, Microsoft's productivity software has been the default homeroom where knowledge workers start their day. They opened Word to write, Excel to analyze data, and PowerPoint to build presentations. Now, millions of those workers are beginning to do all these things directly inside AI tools. Gartner analysts earlier this year predicted AI would threaten to dethrone traditional productivity suites like Microsoft 365 and Google Workspace in a $58 billion market shakeup.
Microsoft executives point to continued growth in Microsoft 365 and increasing Copilot adoption as evidence customers still want Microsoft's products at the center of their workdays. "The M365 business is seeing tons of new adoption and M365 Copilot usage," one executive said, who said the company is specifically chasing computing capacity to meet the demand.
GitHub faces a similar challenge. Since acquiring the software development platform in 2018, the company has held a dominant position with developers and had an early advantage in AI coding through GitHub Copilot. And it continues to grow: The platform recently had its "best month ever," an executive told employees in internal meeting comments viewed by Business Insider, though he didn't say by what measure.
But upstarts have swarmed in, as millions of engineers have adopted Cursor — which SpaceX recently announced plans to acquire for $60 billion — and Anthropic's Claude Code. As Business Insider previously reported, executives have discussed internally the need to overhaul GitHub to better compete with those AI-native coding tools. AI demand has also strained Github. As AI usage surged GitHub has experienced dozens of major outages this year.
The company is also struggling broadly to keep up with the demand for compute capacity. Despite this crunch, Microsoft is raising salespeople quotas for selling its cloud computing platform, Azure, some by 30% this year, according to people familiar with the change.
Azure remains Microsoft's fastest-growing strategic business, but internally executives say it has become a constant balancing act. Demand for computing infrastructure has outpaced the company's ability to build new capacity, forcing Microsoft to make difficult decisions about where its resources go. Even with this year's $190 billion capital expenditures — largely to expand data-center capacity for AI workloads — executives say the company is still constrained.
Earlier this year, Chief Financial Officer Amy Hood suggested Microsoft was prioritizing scarce computing resources for its own AI products before allocating the remaining capacity to Azure customers.
"The first thing we're doing is solving for the increased usage in sales and the accelerating pace of M365 Copilot, as well as GitHub Copilot, our first-party apps," Hood said during Microsoft's January earnings call. "Then we make sure we're investing in the long-term nature of R&D and product innovation... Then what you end up with is the remainder going towards serving the Azure capacity that continues to grow in terms of demand."
Why would Satya prioritize growing Adobe over growing M365?Microsoft executiveIf Microsoft had allocated the GPUs that came online during the first half of its fiscal year to Azure instead of its own AI products, Azure growth would have exceeded 40% instead of 39%, Hood said. Microsoft previously reported $75 billion in Azure revenue for its 2025 fiscal year.
That earnings report triggered one of Microsoft's biggest post-earnings stock declined by more than 10% as investors questioned the company's slower Azure outlook despite record AI spending and growing concerns that Microsoft was diverting capacity away from cloud customers.
Executives who spoke to Business Insider say those tradeoffs have intensified.
Microsoft is so desperate for capacity that it's turning to competitors to help relieve some of those constraints. Following a series of GitHub outages, Amazon bailed Microsoft out. The company also explored leasing Oracle cloud infrastructure but Microsoft walked away due to security and compliance concerns.
Microsoft is now seeking additional cloud capacity from other providers, including evaluating Amazon and Google, according to people familiar with the discussions. "We are shopping for capacity everywhere," one of those people said.
While prioritizing internal services has a mixed reception on Wall Street, the strategy is clear within Microsoft.
"All of the supply is gone once you solve for frontier labs and our internal businesses like M365 and Microsoft AI," one executive said.
Those decisions have created difficult conversations internally.
"Why would Satya prioritize growing Adobe over growing M365?" the person said. "I have no idea how we're going to land that message with customers."
As the pressure on Microsoft's core businesses mounts, Nadella has been bearing that pressure down on his workforce, and reshaping the structure of the company and its leaders.
As Business Insider previously reported, Nadella promoted Judson Althoff to CEO of Microsoft's commercial business to free himself and the company's engineering leaders to focus more directly on AI. Althoff was previously Microsoft's longtime sales boss but the role gave him a bigger profile. In an internal memo viewed by Business Insider at the time, Nadella described the moment as "a tectonic AI platform shift."
The mounting pressure on Nadella has trickled down through Microsoft's ranks from the executive suite to the rank-and-file employee.
At the same time, Nadella has remade his inner circle. Business Insider previously reported that Microsoft effectively retired its traditional senior leadership team structure in favor of smaller, flatter leadership groups. AI CEO Mustafa Suleyman has narrowed his focus to Microsoft's superintelligence efforts, top Nadella lieutenant Rajesh Jha retired, longtime product and marketing leader Yusuf Mehdi is preparing to leave the company, and more executive changes are expected.
According to people familiar with the succession planning, Hayete Gallot, who recently returned to Microsoft from Google to lead the company's security business, is viewed internally as the long-term successor to Althoff as sales chief. Gallot previously worked for Althoff and left in what one executive told Business Insider was "not an amicable departure." Nadella recruited Gallot back to replace Charlie Bell, who moved into an individual contributor role focused on engineering quality. Rodrigo Kede Lima, who Microsoft just put in charge of a $2.5 billion AI sales unit, is also a rising star, one of the people said.
The changes extend beyond the executive suite. Business Insider has learned that Microsoft overhauled its performance review system this year, simplifying ratings into five categories while making performance distinctions significantly sharper.
Executives say the new process feels like a return to "stack ranking," the controversial system that evaluated employees relative to one another during the Steve Ballmer era. At the same time, managers have been instructed to reduce the number of employees in higher-level engineering roles as Microsoft continues flattening parts of the organization, emblematic of a broader hardcore work culture that's spread across Big Tech in the last few years.
"It's almost like the old era of Microsoft is back," one former executive said. "The old Windows era where you lead with a lot of fear and a billy club in your hand."
For years, Microsoft's greatest strength was that it owned where people worked and where developers built software. AI is beginning to challenge both assumptions at once. Now Nadella's legacy won't be defined by whether Microsoft can build the best AI, but by whether it can keep AI from eroding the businesses that made it one of the world's most valuable companies.
Ashley Stewart is a chief technology correspondent at Business Insider.
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Perhaps one of the more notable surprises is the fact that Microsoft (MSFT +0.02%) and Nvidia (NVDA -1.01%) have become perceived by some as value plays. Although each company plays a critical role in AI, Nvidia has struggled to outperform the S&P 500 (^GSPC +0.05%) this year, while Microsoft stock has pulled back.
Each company will almost certainly continue to play a crucial role in AI and tech at large, so investors should not expect massive stock price declines. Nonetheless, only one of these is likely to stand out as the better value stock in today's market.
Image source: The Motley Fool.
The case for Nvidia One could argue that Nvidia is the most surprising value stock in existence today. Since hitting a low in the fall of 2022, the stock has increased by more than 1,700% as its AI accelerators have powered the generative AI boom. That took its market cap to $5.1 trillion, the largest among publicly traded stocks.
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However, amid that growth, Nvidia trades at a P/E ratio of 32. That is barely above the S&P 500 average of 29, and its recent price action makes it the cheapest it's been since 2019. This is unusual since investors tend to pay a premium for growth. In the first quarter of fiscal 2027 (ended April 26), revenue increased by 85% yearly while net income rose by 211% over the same period.
Knowing that, it is surprising that Nvidia is so cheap. Perhaps growth investors are pulling back, as a $5.1 trillion market cap will make it difficult for Nvidia to be a 10-bagger. Others might feel leery about the massive capital expenditures (capex) spending of the hyperscalers and wonder how long it can last.
Whatever the reason, Nvidia is an inexpensive stock with considerable growth potential. Even if that growth slows significantly, it would likely not undermine the value proposition in Nvidia stock. Moreover, with more than $80 billion in liquidity and the ability to innovate at low cost (it spent just $6.5 billion on capex in the last 12 months), Nvidia is well positioned to outperform the market over time while keeping investor capital safe.
Why investors might consider Microsoft Despite the aforementioned pullback this year, Microsoft has long been a popular choice for capital preservation. Even though its current $2.9 trillion market cap is well below Nvidia's, Microsift's dominance in PC operating systems, strength in productivity software, and later success as a cloud company have made it one of the market's largest companies.
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Moreover, its 23 P/E ratio places it well into value stock territory, and while it cannot match Nvidia's growth, its financial performance is solid. In the third quarter of fiscal 2026 (ended March 31), revenue rose by 17% annually, while net income surged 23% higher during the same period.
However, the company's challenges arguably make the low earnings multiple and falling stock price more understandable. The company's plan to spend $190 billion on capex this year has made some investors uneasy. Furthermore, AI's ability to perform many software functions has made investors leery of SaaS stocks. Also, a close relationship with OpenAI has made some investors skeptical about the strength of Microsoft's AI.
Despite these challenges, Microsoft's earnings multiple could make the stock a safe bet, given its prominent role in the tech industry. Even with heavy capex spending, Microsoft still maintains about $78 billion in liquidity. Additionally, given concerns about its capex spending, it is likely using some of those funds to invest in AI, separate from OpenAI.
Thus, investors should not count it out as an AI company. When considering its valuation and continued growth, Microsoft stock is probably a buy at current levels.
Of the two choices, Nvidia looks like the better value among the two tech giants right now.
Admittedly, 23 times earnings is an extremely low multiple for Microsoft, and the market may have gone too far in pricing the company's troubles into Microsoft stock.
Nonetheless, the margin of safety Nvidia provides right now is too obvious to ignore. Even if Nvidia's 85% revenue growth slows significantly, it will take considerable growth deceleration to make its 32 P/E ratio seem expensive.
Moreover, Nvidia reached this position by leading and dominating the AI accelerator market. Even with more companies entering this market, they are unlikely to unseat Nvidia anytime soon. That means that even if Nvidia's days as a potential 10-bagger are over, it is likely to outperform both Microsoft and the S&P 500 for the foreseeable future.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA, AMD, AVGO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
NextEra Energy (NYSE:NEE) reported second-quarter 2026 adjusted earnings per share of $1.15, while adjusted EPS for the first six months of the year rose 9.8% from a year earlier. Chairman, President and CEO John Ketchum said the results reflected continued execution at Florida Power & Light Co. and NextEra Energy Resources amid rising electricity demand.
The company maintained its 2026 adjusted EPS outlook of $3.92 to $4.02 and said it is targeting the high end of that range. Chief Financial Officer Mike Dunne said NextEra continues to expect adjusted EPS growth of at least 8% annually through 2032 and is targeting the same growth rate through 2035, using 2025 adjusted EPS of $3.71 as the base.
FPL customer growth and capital investment Florida Power & Light’s EPS increased $0.05 year over year in the second quarter, driven in part by approximately 9.3% growth in regulatory capital employed, Dunne said. FPL invested about $2.8 billion during the quarter and expects full-year capital investments of $12 billion to $13 billion.
FPL added more than 90,000 customers compared with the prior-year quarter. Retail sales rose approximately 0.4%, or roughly 0.6% on a weather-normalized basis, supported primarily by population growth, according to Dunne.
Ketchum said FPL’s typical residential bill remains about 30% below the national average and is projected to rise by an average of 2% annually through the end of the decade. He also said FPL’s non-fuel operations and maintenance costs are more than 70% below the industry average on a dollar-per-megawatt-hour basis, while reliability is more than 60% better than the national average.
FPL placed four solar sites into service during the quarter and remains on track to install approximately 900 megawatts of solar capacity and more than 1.4 gigawatts of battery storage this year. The company said about 90% of FPL’s generation mix is anchored by baseload natural gas and nuclear generation.
Large-load demand and Energy Resources backlog NextEra raised its forecast for large-load demand at FPL to 8 gigawatts by 2032 from 6 gigawatts previously. Ketchum said FPL has roughly 21 GW of large-load interest and is in advanced discussions involving 12 GW, with some potential service beginning as early as 2028. The company expects to announce at least one transaction under FPL’s large-load tariff by year-end.
FPL President and CEO Scott Bores said legislation enacted in Florida in May provides greater certainty for customers planning multibillion-dollar investments. He said the utility’s baseload generation fleet allows it to integrate new generation quickly to meet customers’ speed-to-market requirements.
At NextEra Energy Resources, adjusted earnings increased approximately 18% year over year. New investments added $0.09 per share, primarily reflecting growth in the power-generation portfolio, while other items were roughly flat on a net basis, Dunne said.
Energy Resources added 3.6 GW of renewable and storage projects to its backlog in the quarter, including 2 GW of battery storage. Its backlog totaled about 35.1 GW after accounting for 1.1 GW of projects placed into service since the prior earnings call. The company said it has secured solar panels and domestic battery-storage supply through 2029, as well as transformer capacity to support its development forecast through the end of the decade.
The company also recontracted more than 500 MW of existing projects since the prior call, bringing year-to-date renewable recontracting activity above 1,100 MW. Ketchum said the quarter’s recontractings were priced at an average premium of about $20 per megawatt-hour above recent realized pricing, with average contract terms of about 15 years.
Energy Resources is pursuing large-load and data-center opportunities through 30 potential hubs, a figure it expects to increase to 40 by year-end. The company has a base-case goal of securing 15 GW of new generation to serve large-load customers by 2035, with an upside case of 30 GW or more.
Transmission, nuclear and gas development NextEra Energy Transmission energized a 137-mile, 345-kilovolt transmission line in New Mexico ahead of schedule and on budget. Ketchum said an independent Southwest Power Pool study projected that the project could reduce typical residential electric bills in 2031 by about $13 per month. The company said the line was completed 31 months after it was awarded.
In the Midwest, MISO selected NextEra Energy Transmission as part of a consortium for two 765-kilovolt transmission projects in Illinois. NextEra would hold a 43% interest in the approximately $1.6 billion project.
The company remains on track to recommission the Duane Arnold nuclear plant no later than the first quarter of 2029. During the quarter, the Iowa Utilities Commission approved a generating certificate for the plant, and NextEra acquired the remaining 30% minority interest held by two cooperative partners.
NextEra is also advancing up to 9.5 GW of gas-fired generation projects in Texas and Pennsylvania, though Ketchum said discussions on definitive agreements with the U.S. and Japanese governments are still progressing. He said the company is evaluating small modular reactor technologies but would require commercial terms and risk-sharing arrangements that limit its exposure to cost overruns.
Dominion Energy transaction NextEra and Dominion Energy filed for merger approval during July with regulators in Virginia, North Carolina, South Carolina, the Federal Energy Regulatory Commission and the Nuclear Regulatory Commission. The companies expect shareholder meetings in early September and continue to anticipate closing the transaction in the second half of 2027.
Ketchum said the proposed combination includes $2.25 billion in shareholder-funded bill credits for Dominion customers in Virginia, North Carolina and South Carolina. The companies project that the combined business would support about 11% annual growth in regulatory capital employed through 2032 and adjusted EPS growth of more than 9% through 2032 and through 2035, based on 2025 results.
Management said discussions with state and local stakeholders have been constructive. Ketchum said the company intends to retain dual headquarters in Richmond, Virginia, and Juno Beach, Florida, along with an operational headquarters in Cayce, South Carolina.
About NextEra Energy (NYSE:NEE) NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.
NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.
United Parcel Service (NYSE:UPS – Get Free Report) is expected to announce its Q2 2026 results before the market opens on Tuesday, July 28th. Analysts expect United Parcel Service to announce earnings of $1.66 per share and revenue of $21.8581 billion for the quarter. Parties can check the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Tuesday, July 28, 2026 at 8:30 AM ET.
United Parcel Service (NYSE:UPS – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 earnings per share. On average, analysts expect United Parcel Service to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
United Parcel Service Price Performance UPS stock opened at $114.60 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The business has a 50-day simple moving average of $108.28 and a two-hundred day simple moving average of $106.62. The company has a market capitalization of $97.41 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.83 and a beta of 1.05. United Parcel Service has a 52-week low of $82.00 and a 52-week high of $122.41.
United Parcel Service Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 106.15%.
Wall Street Analysts Forecast Growth Several research analysts recently issued reports on the company. Citigroup lifted their target price on United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. UBS Group dropped their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Evercore reduced their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd. Finally, Susquehanna raised their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $111.50.
Read Our Latest Report on UPS
Institutional Trading of United Parcel Service A number of hedge funds have recently bought and sold shares of UPS. AQR Capital Management LLC increased its position in shares of United Parcel Service by 175.7% in the fourth quarter. AQR Capital Management LLC now owns 5,200,135 shares of the transportation company’s stock valued at $515,801,000 after buying an additional 3,314,166 shares in the last quarter. Amundi grew its holdings in United Parcel Service by 56.9% during the 4th quarter. Amundi now owns 2,857,643 shares of the transportation company’s stock valued at $283,450,000 after buying an additional 1,036,435 shares during the last quarter. State Street Corp lifted its stake in shares of United Parcel Service by 3.3% during the fourth quarter. State Street Corp now owns 32,092,627 shares of the transportation company’s stock worth $3,183,268,000 after purchasing an additional 1,029,377 shares in the last quarter. Invesco Ltd. grew its position in shares of United Parcel Service by 17.3% during the 3rd quarter. Invesco Ltd. now owns 6,724,265 shares of the transportation company’s stock valued at $561,678,000 after buying an additional 993,461 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in United Parcel Service by 160.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,403,300 shares of the transportation company’s stock worth $139,193,000 after purchasing an additional 863,574 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.
United Parcel Service Company Profile (Get Free Report)
United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.
The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.
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Shares of M&T Bank Corporation (NYSE:MTB – Get Free Report) have received an average rating of “Hold” from the twenty-two brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $251.4250.
A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut M&T Bank from a “buy” rating to a “hold” rating and set a $250.00 price target on the stock. in a research report on Thursday. Evercore set a $260.00 price objective on M&T Bank in a report on Monday, July 6th. Piper Sandler boosted their price objective on M&T Bank from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Barclays upped their price objective on shares of M&T Bank from $236.00 to $267.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Finally, The Goldman Sachs Group increased their target price on shares of M&T Bank from $231.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday, April 6th.
Check Out Our Latest Analysis on MTB
M&T Bank Trading Up 1.4% NYSE:MTB opened at $249.36 on Thursday. M&T Bank has a 12 month low of $174.76 and a 12 month high of $255.00. The company has a current ratio of 0.89, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $230.22 and its 200 day moving average is $220.56. The stock has a market capitalization of $36.52 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 1.16 and a beta of 0.57.
M&T Bank (NYSE:MTB – Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $4.66 by $0.69. M&T Bank had a return on equity of 11.80% and a net margin of 22.72%.The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the company earned $4.28 earnings per share. Sell-side analysts expect that M&T Bank will post 19.42 earnings per share for the current year.
M&T Bank announced that its board has initiated a stock repurchase plan on Tuesday, March 31st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 16.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
Insider Activity at M&T Bank In related news, EVP Christopher E. Kay sold 3,105 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $216.50, for a total transaction of $672,232.50. Following the sale, the executive vice president directly owned 6,753 shares in the company, valued at approximately $1,462,024.50. This represents a 31.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.44% of the company’s stock.
Institutional Investors Weigh In On M&T Bank Hedge funds and other institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC lifted its position in shares of M&T Bank by 233.3% during the first quarter. Bogart Wealth LLC now owns 120 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 84 shares in the last quarter. Triumph Capital Management purchased a new position in shares of M&T Bank in the third quarter valued at $32,000. Elyxium Wealth LLC purchased a new position in shares of M&T Bank in the fourth quarter valued at $33,000. Bank of Jackson Hole Trust raised its stake in shares of M&T Bank by 38.7% during the 4th quarter. Bank of Jackson Hole Trust now owns 215 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 60 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in shares of M&T Bank during the 2nd quarter valued at $51,000. Institutional investors own 84.68% of the company’s stock.
About M&T Bank (Get Free Report)
M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York, that provides a broad range of banking and financial services to individuals, businesses and institutions. The company operates a commercial and retail banking franchise that includes deposit-taking, lending, and payment services delivered through branch networks, digital channels and commercial banking teams. M&T serves customers across the northeastern and mid‑Atlantic United States and has expanded its geographic footprint through strategic acquisitions.
Its core businesses include commercial banking for middle‑market and community businesses, consumer and retail banking, mortgage origination and servicing, treasury and cash management, and wealth management and trust services.
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Enbridge Inc (NYSE:ENB – Get Free Report) (TSE:ENB) has earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $66.50.
A number of brokerages have weighed in on ENB. Scotiabank reaffirmed an “outperform” rating on shares of Enbridge in a research note on Tuesday. Royal Bank Of Canada increased their price objective on shares of Enbridge from $76.00 to $79.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Enbridge in a report on Monday, May 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Enbridge in a research report on Friday, May 22nd. Finally, Wall Street Zen raised shares of Enbridge from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th.
Check Out Our Latest Analysis on Enbridge
Institutional Inflows and Outflows Several institutional investors and hedge funds have recently modified their holdings of ENB. Bogart Wealth LLC raised its position in Enbridge by 4.3% in the 2nd quarter. Bogart Wealth LLC now owns 8,904 shares of the pipeline company’s stock valued at $483,000 after buying an additional 371 shares during the last quarter. TCV Trust & Wealth Management Inc. boosted its position in Enbridge by 2.1% during the 2nd quarter. TCV Trust & Wealth Management Inc. now owns 13,342 shares of the pipeline company’s stock worth $723,000 after acquiring an additional 277 shares during the last quarter. CRA Financial Services LLC acquired a new position in Enbridge during the 2nd quarter worth approximately $201,000. Avidian Wealth Enterprises LLC grew its stake in shares of Enbridge by 11.0% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 10,476 shares of the pipeline company’s stock worth $568,000 after acquiring an additional 1,034 shares in the last quarter. Finally, Trinity Legacy Partners LLC grew its stake in shares of Enbridge by 15.2% during the 2nd quarter. Trinity Legacy Partners LLC now owns 5,471 shares of the pipeline company’s stock worth $309,000 after acquiring an additional 720 shares in the last quarter. 54.60% of the stock is owned by institutional investors and hedge funds.
Enbridge Trading Up 0.8% NYSE:ENB opened at $56.84 on Thursday. Enbridge has a fifty-two week low of $44.58 and a fifty-two week high of $58.45. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.81 and a quick ratio of 0.73. The stock has a market capitalization of $124.13 billion, a PE ratio of 26.68 and a beta of 0.58. The business’s 50-day simple moving average is $55.73 and its 200-day simple moving average is $53.24.
Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last issued its quarterly earnings data on Friday, May 8th. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. Enbridge had a return on equity of 11.21% and a net margin of 9.83%.The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $8.49 billion. During the same period in the previous year, the firm earned $1.03 EPS. Sell-side analysts expect that Enbridge will post 2.13 earnings per share for the current fiscal year.
Enbridge Announces Dividend The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Friday, May 15th. Enbridge’s payout ratio is 133.80%.
Enbridge Company Profile (Get Free Report)
Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.
The company serves customers primarily in Canada and the United States and has interests in other international energy projects.
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