Meta rozšiřuje AI infrastrukturu a zároveň buduje vlastní cloud, což z ní může udělat konkurenta CoreWeave a Nebius. Firma už má v CoreWeave závazky za 35 miliard USD a s Nebius má smlouvu až na 27 miliard USD.
Something interesting is happening with Meta Platforms (META -1.80%) and two companies with which it has relationships -- CoreWeave (CRWV -11.58%) and Nebius Group (NBIS -15.02%).
On the one hand, Meta recently signed a $21 billion expanded deal for artificial intelligence (AI) infrastructure, giving Meta increased capacity to develop AI programs. Factoring in a previous $14 billion deal, Meta now has $35 billion in commitments to CoreWeave.
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And similar things are happening with Nebius. Meta signed a long-term deal for AI infrastructure with the neocloud provider in March, valued at up to $27 billion over five years.
But now Meta seems to be shifting gears -- Bloomberg reports that it is now building a cloud business of its own to sell excess AI computing capacity. The report comes after CEO Mark Zuckerberg indicated Meta might consider selling overbuilt computing capacity to other companies at a premium.
Image source: The Motley Fool.
And The New York Times reports that Meta is currently in talks with Anthropic, the start-up behind the Claude large language model, to lease as much as $10 billion in computing power to Anthropic over two years.
So is Meta Platforms a valued customer or a potential competitor to CoreWeave and Nebius? That's the question that should be keeping investors up at night.
While Meta Platforms is a prominent name in the stock market -- the operator of Facebook, Instagram, and other social media platforms -- CoreWeave and Nebius may not be. Both companies are considered "neocloud" companies, which means they build high-performance data centers powered by Nvidia graphics processing units and then rent the computing power to customers who build, train, and operate AI-powered programs.
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CoreWeave is the bigger of the two, operating 43 data centers at the end of March with 850 megawatts of active power and 3.1 gigawatts of contracted power. CoreWeave reported $2.07 billion in revenue in the first quarter, up from $982 million a year ago, with a net loss of $740 million.
Nebius is smaller, with 11 data centers, and only five of them are currently operational. But the company reports contracted capacity exceeding 3.5 GW, and its revenue increased from $50.9 million in the first quarter of 2025 to $399 million in Q1 2026. It posted a net loss for the quarter of $100.3 million.
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Meta's shifting strategy Meta Platforms and its CEO, Mark Zuckerberg, will certainly face a lot of questions about Meta's strategy when it reports quarterly earnings on July 29. But the company has shown a willingness to take big risks.
Remember, this is the company that in 2021 changed its name from Facebook to Meta Platforms to emphasize its shift to building out the metaverse -- a virtual reality where people would presumably work, have meetings, and socialize. But that bet failed, and after investing $80 billion, Meta has started laying off some employees in its Reality Labs division.
Whether it's positioning itself to compete with CoreWeave and Nebius or considering taking on big cloud computing companies such as Alphabet, Microsoft, and Amazon, Meta is determined to be a player in AI. As it shifts its attention away from the metaverse, Meta will have plenty of resources and willingness to spend aggressively.
Nvidia a SK Hynix rozšířily dlouhodobé partnerství o dodávky a společný vývoj HBM pro AI čipy. Dohoda má pomoci zmírnit úzké místo v dodávkách paměti, ale nedostatek zatím trvá.
Nvidia’s expanded partnership with SK Hynix has given investors a reason to look for a breakout, although the agreement has not yet produced a measurable market reaction.
NVDA closed Friday at $206.84, down 0.92%, before details of the SK Group initiative were absorbed.
Nvidia already dominates AI accelerators, but its processors cannot be delivered as complete systems without enough high-bandwidth memory.
By securing and jointly developing HBM with SK Hynix, Nvidia is addressing a component that could increasingly determine how many AI factories it can build and ship.
Nvidia and SK Hynix agreed to establish a long-term partnership covering supplies, joint development and optimisation of next-generation AI memory, including HBM.
The arrangement is designed to align memory technology with Nvidia’s computing platforms.
That matters because memory is becoming one of the tightest constraints in the AI supply chain.
Morgan Stanley analyst Joseph Moore described the market as unlike a conventional semiconductor cycle, arguing that memory was becoming “increasingly THE bottleneck” for AI and agentic-computing systems.
Moore also identified Nvidia and Broadcom as among the strongest-value computing names.
His argument supports the investment case behind the SK Hynix agreement: if Nvidia secures more advanced memory while demand remains above supply, it could ship more complete systems and reduce a major execution risk.
The deal does not eliminate shortages immediately.
HBM capacity remains limited, qualification requirements are demanding and Nvidia, hyperscalers and rival accelerator developers are competing for the same advanced supply.
The partnership also links Nvidia to a potentially important customer.
SK Telecom plans to develop an AI factory of up to 2 gigawatts using Nvidia’s DSX architecture and Vera Rubin accelerated-computing systems powered by SK Hynix HBM4.
The first facility is planned to begin operating in 2027.
That creates a strategic loop as SK Hynix supplies and co-develops the memory, Nvidia provides the computing systems, networking, software and data-centre architecture, and SK Telecom becomes an infrastructure customer serving South Korea and the wider Asia-Pacific region.
The deployment could become a valuable reference site for Vera Rubin as Nvidia faces competition from hyperscalers’ custom processors and specialist AI-chip companies.
It also reinforces Nvidia’s shift from selling individual GPUs towards supplying complete AI factories.
However, the companies signed letters of intent for a programme described as exceeding $500 billion.
They did not disclose Nvidia’s expected revenue, system volumes, memory prices or binding purchase commitments.
Also read: Why are Nvidia-backed CoreWeave, Nebius, and IREN stocks plunging?
Execution remains the central risk. KeyBanc analyst John Vinh said the Vera Rubin ramp appeared slightly delayed because of thermal-lid issues and SK Hynix’s HBM4 qualification.
He nevertheless viewed the financial risk as manageable because additional Blackwell shipments could offset slower Rubin deliveries.
Vinh retained an Outperform rating and raised his Nvidia price target to $330 from $310.
His view captures the stock’s tension: the partnership addresses the correct bottleneck, but Nvidia must still qualify HBM4, solve system-level challenges and scale Rubin on schedule.
Investors must also see continued capital spending from Microsoft, Amazon, Alphabet and Meta.
Barron’s recently argued that renewed Big Tech spending commitments were needed to drive sustained gains above $200.
Better late than never: Intel (INTC -8.02%) has officially joined the artificial intelligence (AI) infrastructure boom, with the company seeing its data center and AI segment revenue surge in the second quarter. Shares jumped in after-hours trading, but Intel gave back those gains after management acknowledged the company would meaningfully increase its capital expenditures (capex) this year. Punishing AI stocks that increase their capex has been a major theme this earnings season.
Intel's stock has now lost about a third of its value from its recent highs. However, its shares are still up more than 150% on the year and over 300% in the past 12 months.
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Server CPUs lead the way The biggest driver of Intel's growth was data center central processing units (CPUs). Demand for server CPUs has increased in the second quarter on a sequential basis and management expects double-digit industry growth both this year and next, with momentum continuing into 2028. Meanwhile, demand continues to far outstrip supply, leading to higher CPU prices across the board.
This helped lead to a 59% jump in its data center and AI product revenue to $6.3 billion. Its client computing group product revenue rose 13% year over year to $8.9 billion, leading to total product revenue climbing 28% to $15.1 billion. That was a big step up from the 9% rise in product revenue it saw in Q1.
Intel's foundry business, meanwhile, saw revenue surge 31% to $5.8 billion. However, the segment continues to post large operating losses, with a $2.1 billion loss in the quarter. Revenue from Intel's other businesses sank 33% year over year to $0.7 billion, largely due to the sale of 51% of its Altera subsidiary.
Overall revenue for Intel climbed 25% to $16.1 billion, its fastest growth in almost 15 years. Its adjusted earnings per share went from a loss of $0.10 to a profit of $0.42. This was bolstered by a big 1,290 basis-point increase in its gross margins to 40.4%.
Looking ahead, Intel projected Q3 revenue to be between $15.8 billion and $16.8 billion with adjusted EPS of $0.38. That was well ahead of the $0.27 in EPS and $15.1 billion in sales that analysts were expecting. It projected gross margins to be around 41%.
It expects supply constraints to affect it next quarter, with improvements starting to show up toward the end of the quarter and into Q4. It also raised its projected capex, taking its 2026 budget from initial guidance of around $17 billion to $18 billion to over $20 billion. Capital expenditures for 2027, meanwhile, are expected to be significantly above 2026 levels.
Image source: The Motley Fool.
While Intel is starting to see strong momentum in its data center and AI segment, this seems more driven by the sudden need of hyperscalers to grab whatever server CPUs they can to help handle agentic AI than by any big moves that the company has made. CPU demand is through the roof, which is helping with pricing in its client computing group segments. And while its foundry business is gaining some traction, it remains a money-draining business during one of the biggest semiconductor booms of all time.
Before its run, Intel was a cheap stock barely trading above the value of its physical assets. Now it has a forward P/E of 105, and the stock's valuation looks bloated for a company that seems more like a passenger than one helping to drive the market. I think there are better AI stocks out there to buy.
Company updates this year put fresh numbers on the AI (artificial intelligence) build-out, and they are enormous. Alphabet raised its 2026 capital spending forecast to a range of $195 billion to $205 billion, up from $180 billion to $190 billion. Amazon has said it expects to invest about $200 billion this year. And Meta Platforms plans $125 billion to $145 billion, a range it lifted by $10 billion in April.
Add it up, and just three companies intend to spend more than half a trillion dollars in a single year, most of it on AI infrastructure. And that tally leaves out Microsoft, which has pointed to about $190 billion of its own.
No company collects more of that spending than Nvidia (NVDA -1.01%), the dominant supplier of the graphics processing units (GPUs) those data centers are built around. Yet Nvidia stock fell on Thursday alongside other big tech stocks, and it now sits about 12% below its 52-week high.
Customers committing record sums while the supplier's stock drifts lower? That's a disconnect worth examining, because one side of it is probably wrong.
Image source: Nvidia.
Where those budgets end up The budgets are not all chips, but a large share of the money goes where Nvidia lives. Alphabet, for instance, said on its earnings call that about 60% of its technical infrastructure investment in the second quarter went to servers, with the rest going to data centers and networking equipment. The company also raised $49.6 billion in a June stock offering, with scaling AI infrastructure among the stated uses.
The flow shows up directly in Nvidia's results. In its first quarter of fiscal 2027 (the period ended April 26, 2026), revenue rose 85% year over year to a record $81.6 billion. Data center revenue climbed 92% to $75.2 billion, and total revenue rose 20% from the prior quarter as well. And the company guided for about $91 billion in revenue in its fiscal second quarter, all while holding its gross margin near 75%.
"The buildout of AI factories -- the largest infrastructure expansion in human history -- is accelerating at extraordinary speed," said CEO Jensen Huang in the company's fiscal first-quarter earnings release.
In other words, the customers' budgets and the supplier's income statement are telling the same story, and Alphabet's raise this past week extended it into the second half of 2026.
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So why did the stock slip? One possible explanation is that the market punished the spenders on Thursday. Alphabet's shares fell after its capital spending raise, and the sell-off spread across the megacaps, Nvidia included. When investors start doubting whether half a trillion dollars of AI spending will earn its keep, they also start discounting the revenue that spending creates -- and a large share of it lands on Nvidia's income statement.
That's the risk to hold in mind. Nvidia's growth is a direct function of a handful of customers' willingness to keep writing bigger checks. Budgets that accelerate for three years can also flatten, and the semiconductor industry has never escaped its cycles for long. A capital budget is a plan, not a contract, and plans built during a boom can get rewritten quickly.
The same customers are also working to need Nvidia a little less. Meta said on its first-quarter earnings call that it is rolling out more than a gigawatt of its own custom silicon, developed with Broadcom, alongside chips from Advanced Micro Devices -- complementing, for now, the new Nvidia systems it keeps installing.
With all of that said, the valuation asks less than investors might assume. Nvidia trades at about 32 times trailing earnings -- a multiple many slower-growing consumer companies carry -- for a business that just grew 85%. The market, in effect, is already pricing in a meaningful slowdown. Against expected earnings for the next 12 months, the multiple drops to about 21.
So does Thursday's sell-off make Nvidia the way to own the build-out? I think it remains the most direct claim on those budgets, and at this valuation I'd keep owning it. But I'd size the position for what it is: a stock whose earnings depend on a handful of customers' capital budgets -- and capital budgets get revisited every year.
IBM po předběžných výsledcích za 2. čtvrtletí klesl o 25 % poté, co zákazníci přesunuli své výdaje do serverů, úložišť a pamětí. To odložilo řadu velkých softwarových obchodů.
Shares of IBM (IBM +3.65%) fell 25% on July 14 after the company released preliminary second-quarter results. CEO Arvind Krishna explained that customers shifted their spending toward servers, storage, and memory as hardware prices continued to rise.
This caused spending delays on numerous large software deals, primarily in its mainframe and transaction-processing business. While enterprise demand for artificial intelligence (AI) infrastructure takes center stage, Krishna declared that "value will increasingly shift toward the orchestration and data layers" on its earnings call.
Image source: The Motley Fool.
The pure-play advantage IBM has been building the governance and control layer that an organization needs to run its own AI. At the same time, Palantir Technologies (PLTR -0.30%) has carved a position in the market by turning enterprise data into decisions.
IBM's AI-related software includes Sovereign Core for auditable runtime control and the recently acquired Confluent for data streaming. It also launched Lightwell, a $5 billion commitment to help clients address open-source vulnerabilities.
Even if these efforts are successful, the company remains a multisegment incumbent, where software, consulting, and infrastructure each follow their own cycles.
Palantir, on the other hand, is a pure play on this theme. Its platforms, including Foundry and the Artificial Intelligence Platform, integrate an organization's data and run AI-powered applications.
Is the pullback an entry point? In May, Palantir posted revenue growth of 85%, its 11th consecutive quarter of acceleration. This drove strong operating leverage, as margins expanded from 44% to 60% year over year.
Existing customers continue to ramp up spending, with net dollar retention at 150% and total remaining deal value climbing 98% to nearly $12 billion.
The trade-off for this concentrated exposure is a rich valuation, as the stock trades at roughly 39 times this year's sales and 67 times free-cash-flow guidance. IBM is cheaper at just 17 times forward earnings, but not necessarily more attractive, as each segment will perform differently in an AI-enabled future.
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Meanwhile, after a 30% drawdown this year, Palantir's shares are beginning to look more reasonable. The growth runway is impressive, and the cash keeps piling up, but I'm not quite ready to pull the trigger yet.
Bryan White has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends International Business Machines and Palantir Technologies. The Motley Fool has a disclosure policy.
Coinbase's (COIN -1.78%) stock has declined more than 60% over the past 12 months. The major cryptocurrency exchange lost its luster as fears of interest rate hikes and other macro headwinds chilled the crypto market. That pullback might seem like a buying opportunity for contrarian investors, but I expect its stock to sink even lower before it's considered a bargain.
Why did Coinbase's stock crash? Coinbase generates most of its revenue by charging transaction fees for spot crypto trades. When interest rates are low, cryptocurrencies often rally as investors pivot toward riskier investments. The opposite happens when interest rates rise, and the crypto market cools off.
Image source: Getty Images.
Last year, many investors expected the Fed to continue cutting rates in 2026 as inflation cooled. But after the outbreak of the Iran war, oil prices surged and inflation heated up again. As a result, many investors are now bracing for interest rate hikes in the second half of 2026. In other words, the crypto market could remain chilly for the foreseeable future.
At the same time, Coinbase faces intense competition from its bigger rival, Binance; traditional brokerages that are expanding into the crypto market, and a growing list of fintech apps that also offer cryptocurrency trading. Stablecoins, which accounted for nearly a fifth of its top line in 2025, also face an uncertain future as the CLARITY Act remains stalled in the Senate. The broader crypto market also faces unpredictable regulatory headwinds worldwide.
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Coinbase is cutting costs and pruning its workforce to offset that pressure, but it still posted back-to-back quarterly losses in the fourth quarter of 2025 and the first quarter of 2026.
All of those issues are driving investors away from Coinbase, even though it seems reasonably valued right now at 21 times this year's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). From 2025 to 2028, analysts expect its revenue and adjusted EBITDA to grow at CAGRs of 5% and 7%, respectively. However, we should take those estimates with a grain of salt, since they're pegged to the unpredictable crypto market.
Coinbase established an early mover's advantage in the crypto market, but it faces too many macro, competitive, and regulatory challenges to be considered a safe investment. Coinbase might eventually bounce back, but it won't attract more attention until interest rates stabilize, the CLARITY Act passes, and it finds more ways to widen its moat against its competitors.
Chipotle otevřelo první restauraci v Mexiku, v San Pedro Garza García u Monterrey, v rámci mezinárodní expanze s partnerem Alsea. Další pobočky plánuje v Nuevo León letos a v Mexico City v roce 2027.
Chipotle Mexican Grill opened its first restaurant in Mexico this month as part of the fast-casual chain’s international growth strategy.
The new location opened on July 16 in San Pedro Garza García, Nuevo León, part of the Monterrey metropolitan area, and is being operated in partnership with restaurant operator Alsea, according to a news release from Chipotle.
“We are entering Mexico with deep respect for the country’s culinary heritage and a commitment to delivering the Chipotle experience with excellence,” Scott Boatwright, CEO of Chipotle, said in a statement.
“Our research has reinforced our belief that there is strong interest in high-quality, freshly prepared food served with the customization and convenience that Chipotle offers.”
Chipotle and Alsea plan to open additional locations in Nuevo León later this year, followed by an expansion into Mexico City in 2027.
The restaurant is the first to open under a development agreement the companies announced in April 2025.
Alsea runs several thousand restaurants from global quick-service, coffee shop and full-service brands in many countries in Latin America and Europe, according to Chipotle.
Chipotle Mexican Grill just opened its first restaurant in Mexico, kicking off a major international expansion. AFP via Getty Images
The new spot in San Pedro Garza García, Nuevo León, is a partnership with restaurant operator Alsea. AFP via Getty Images The new restaurant offers Chipotle’s standard menu of customizable burritos, bowls, tacos, salads and quesadillas. Many ingredients are sourced from regional suppliers, according to the company.
Chipotle said the Monterrey area was selected because of its “strong economy, growing population” and position as a major business hub.
“Bringing Chipotle to Mexico is an important step in our growth and portfolio diversification strategy,” Christian Gurría, CEO of Alsea, said in a statement. “We are introducing an iconic brand with a differentiated value proposition that has resonated with millions of guests around the world, and we are confident it will be warmly welcomed by Mexican consumers.”
Chipotle and Alsea plan more locations in Nuevo León this year, then Mexico City in 2027, expanding its global reach. REUTERS As of March 31, Chipotle operated more than 4,100 restaurants worldwide.
The restaurant chain expects to open between 350 and 370 new locations in 2026. Its international footprint includes restaurants in Canada, Europe and the Middle East, with additional openings planned in South Korea and Singapore.
Chipotle could not immediately be reached by FOX Business for additional comment.
Quest Diagnostics za minulý týden vzrostl o více než 8 % poté, co zvýšil celoroční výhled tržeb a zisku. Ve 2. čtvrtletí tržby stouply o 10 % na 3 miliardy USD a upravený zisk na akcii o 19 % na 3,12 USD.
Shares of Quest Diagnostics (DGX -0.02%) rose more than 8% last week after the medical testing leader boosted its full-year sales and profit forecast.
Image source: Getty Images.
Healthy Q2 results Quest's revenue jumped 10% year over year to $3 billion in the second quarter.
This growth was driven in part by the Quest's partnerships with Corewell Health, a non-profit healthcare system in Michigan, and Fresenius Medical Care, a leading provider of kidney dialysis and related services.
The healthcare giant also saw solid gains in its Questhealth.com direct-to-consumer business, as well as its wellness and wearables-related sales.
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At the same time, Quest's investments in automation technology and artificial intelligence (AI) are making its labs more efficient. That's helping to boost its profit margins.
All told, Quest's adjusted earnings leaped 19% to $3.12 per share.
Healthier living trends bode well for Quest's long-term growth These robust results prompted Quest to lift its full-year financial outlook. Management now projects revenue of roughly $12 billion and adjusted earnings per share of $11.05 to $11.25.
With a vast lab network that serves half the physicians and hospitals in the U.S., Quest plays a vital role in providing potentially life-saving health insights to millions of people every year.
With more people becoming more health-conscious, demand for Quest's medical testing services is set to climb in the years ahead.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Quest Diagnostics. The Motley Fool has a disclosure policy.
Celestia čeká během méně než 24 hodin token unlock za zhruba 62 000 USD, který může zvýšit prodejní tlak na TIA. Open Interest mezitím za posledních 24 hodin vzrostl o 23 % na 57,52 milionu USD.
Celestia [TIA] has been on the decline over the past couple of weeks, as the market appears to be settling into a more neutral position.
TIA has posted a 25% decline on a year-to-date basis, with the past day reflecting that neutral state through a 0.2% gain as of the time of writing.
The market appears caught in a tight spot, with uncertainty building over the price’s next direction.
TIA faces more token unlocks TIA will undergo a major token unlock, channeling the released tokens toward research and development for the blockchain. A token unlock distributes new tokens into the market, bumping the asset’s supply and weighing on its price.
The unlock will release roughly $62,000 into the market in less than 24 hours, with another $62,000 following in 48 hours—an amount likely to move the market significantly.
Source: DeFiLlama Beyond that, Celestia’s total value locked (TVL) remains at $0, reflecting how weak the blockchain’s performance has been. The chain generated just $53 in fees over the past day, underscoring the point.
This combination of weakening on-chain performance and an expected volume surge puts Celestia at major risk.
Funding and capital flows Despite the weakening on-chain metrics and the scheduled token unlock, sentiment around TIA has turned net positive, with investors showing a growing pattern of long bets in the market.
Funding Rate data over the past day has spiked significantly, reaching roughly 0.0049% on the chart, according to the latest reading. A positive Funding Rate implies more bulls than bears in the market, measured by the scale of leveraged positions open on the asset.
Source: CoinGlass Adding to this outlook is a massive inflow of capital into the market, reinforcing the bullish case.
To put this into perspective, Open Interest surged 23% over the past 24 hours, reaching a high of $57.52 million within that period.
The rising Funding Rate, at a time when Open Interest has also surged, signals that the new inflow of capital is being channeled toward long positioning in the market.
Liquidation levels are tight Liquidation heatmap analysis, which identifies clusters of buy and sell orders on the chart, shows TIA sitting in a tight spot from a liquidity perspective.
The asset carries distributed sell orders above price, matched by an equal depth of distributed buy orders below price.
This means price could swing either way—the asset could move up or down, since both clusters exert the same pull on price, and liquidation clusters are known to act like magnets.
Source: CoinGlass However, given the market’s tight positioning, momentum will be the key determinant of where price skews. With bulls currently in control, there’s a high chance of an upswing in price from current levels over the short to near term.
Final Summary Celestia is releasing a large batch of new tokens into the market within the next two days, which could add selling pressure on the price. Traders taking bullish bets have been growing fast, suggesting many expect the price to rise in the near term.
NVIDIA rozšiřuje Agent Toolkit o PhysicsNeMo a CUDA-X, aby vývojáři mohli vytvářet autonomní AI inženýry pro návrh čipů, simulace a ověřování. Nemotron 3 Ultra zároveň vede mezi open modely v agentickém RTL kódování.
NVIDIA expands NVIDIA Agent Toolkit with re-architected NVIDIA PhysicsNeMo libraries and updated NVIDIA CUDA-X libraries, enabling software developers to build autonomous AI engineers with AI physics skills, accelerated solvers and quantum chemistry capabilities.NVIDIA Nemotron 3 Ultra leads among open models in agentic register-transfer level coding with the ACE-RTL agent from NVIDIA Research, helping enterprises build customizable AI agents for chip design and verification.Cadence, Siemens, Synopsys and other industry leaders are using NVIDIA accelerated computing and agentic AI technologies to advance autonomous engineering workflows across chip design, verification, packaging and systems. LONG BEACH, Calif., July 26, 2026 (GLOBE NEWSWIRE) -- NVIDIA today announced an expansion of NVIDIA Agent Toolkit for engineering, now adding NVIDIA PhysicsNeMo™ and CUDA-X™ libraries as agent-ready tools and skills built to transform how the world designs and develops products.
Building the next generation of chips and systems requires teams to connect physics, simulation and performance analysis across increasingly complex design cycles. A new class of autonomous AI engineers is emerging to help take on that complexity — using specialized tools, running simulations and generating high-fidelity data to help scale chip design, verification, packaging and systems.
Now included in NVIDIA Agent Toolkit, NVIDIA has re-architected PhysicsNeMo into a set of agent-friendly libraries and added new and updated CUDA-X libraries to support complex engineering work. PhysicsNeMo provides AI physics skills for training and deploying models, while CUDA-X libraries bring accelerated solvers and quantum chemistry capabilities into agentic engineering workflows.
“Engineering has reached an inflection point. AI can now work with tools of physics, simulation and design,” said Timothy Costa, vice president and general manager of computational engineering at NVIDIA. “With NVIDIA Agent Toolkit, developers can build agentic engineers that reason using physics, run complex simulations and generate high-fidelity data to become a new engine for innovation in chip and system design.”
NVIDIA Agent Toolkit Adds AI Physics and Accelerated Computing Skills for Engineering Agents
NVIDIA Agent Toolkit helps developers build specialized engineering AI assistants connected to domain-specific tools, models and data. With the addition of NVIDIA PhysicsNeMo and CUDA-X libraries, these agents can now use AI physics skills, accelerated solvers and quantum chemistry capabilities for chip, system and industrial engineering.
Key capabilities include:
AI physics skills: NVIDIA PhysicsNeMo libraries help agents train and deploy customizable AI physics models for complex design and simulation tasks, turning model architectures into callable tools for engineering workflows.Iterative sparse solvers: New NVIDIA cuISS (CUDA Iterative Sparse Solvers) library accelerates large sparse linear systems in physics-based and engineering simulations. Designed for flexibility and performance on GPUs, its modern, composable solvers and preconditioners help developers build scalable, production simulation engines for agentic engineering workflows. Direct sparse solvers: NVIDIA cuDSS (CUDA Direct Sparse Solvers) accelerates large, complex sparse linear systems central to electronic design automation (EDA) and scientific simulation. It delivers high performance and numerical robustness for critical workloads like device, circuit and system simulations with scalability to multi-GPU and multi-node deployments in production environments.Quantum chemistry: NVIDIA cuEST (CUDA Electronic Structure Theory) brings high-accuracy quantum chemistry simulations to device-relevant scales, enabling density functional theory (DFT) and post-DFT methods to be integrated into production workflows at scale. cuEST brings production value to customers by supporting a wide range of modern functionals and making increasingly large ground-state and excited-state simulations manageable on NVIDIA GPUs. NVIDIA Nemotron 3 Ultra Open Model Advances Agentic Coding for Chip Design
Chip design depends on specialized register-transfer level (RTL) coding, which demands high accuracy, deep domain expertise and flexibility over deployment.
With ACE-RTL — an agent for designing hardware from NVIDIA Research — NVIDIA Nemotron™ 3 Ultra leads among open models in agentic RTL coding on the comprehensive verilog design problems benchmark across RTL coding tasks.
This represents how Nemotron 3 Ultra offers industry-leading accuracy and efficiency and can be post-trained on proprietary data — deployed locally or on premises — giving enterprises greater control, customization and data privacy as they build AI agents for chip design.
Developers can get started with Nemotron 3 Ultra using Cadence’s harness; Synopsys’ fully autonomous, long-running agents for design verification and analog and mixed-signal workflows; Siemens’ Questa One smart verification agentic toolkit; as well as on Hugging Face.
Software Leaders Build Autonomous AI Engineers With NVIDIA
Industrial engineering leaders are already using the new and expanded NVIDIA Agent Toolkit components to develop autonomous AI engineers.
Cadence is using NVIDIA Nemotron, accelerated computing and CUDA-X libraries with the recently launched Cadence AuraStack AI Super Agent and the Cadence Millennium M2000 platform to autonomously drive advanced packaging and printed circuit board (PCB) design from exploration through signoff, delivering up to 20x faster multiphysics performance. This joins Cadence’s complete portfolio of silicon design super agents which collectively cover the chip design workflow end to end, from architecture through manufacturing signoff.
In addition, the collaboration extends from agentic design to the underlying compute as Cadence’s portfolio of EDA and system design automation tools, including Cadence Jasper, a formal verification platform, is being optimized for the NVIDIA Vera CPU to help engineering teams validate advanced chip designs faster.
Synopsys is using the NVIDIA Agent Toolkit, NVIDIA NIM™ microservices, Nemotron open models, the NVIDIA NeMo™ Gym library and NVIDIA NemoClaw™ blueprints with Synopsys AgentEngineer to build secure, accelerated agentic workflows across chip and system design. Leveraging Ansys Icepak, Synopsys’ agentic workflow autonomously executes simulation setup, and pre- and post-processing for complex GPU cooling design optimization. Synopsys is developing NVIDIA cuISS use cases to accelerate simulation workloads.
The collaboration extends from agentic workflows to the underlying compute platform as Synopsys VCS, a high-performance functional verification solution used to simulate and validate complex chip designs before fabrication, is being optimized for the NVIDIA Vera CPU to help improve verification throughput.
Siemens is using NVIDIA NeMo Gym, Nemotron open models and CUDA-X libraries with the Siemens Fuse EDA AI Agent to orchestrate multi-tool and multi-agent workflows across semiconductor, 3D-IC, PCB and system design, from conception through signoff. In Siemens Solido Characterization Suite, these agentic AI workflows are delivering more than 10x faster library characterization while reducing token costs by more than 10x.
Samsung is using NVIDIA cuLitho and CUDA-X libraries to achieve up to 20x greater performance for computational lithography and applying NVIDIA PhysicsNeMo to perform chip-scale thermal-stress analysis with numerical solver-level accuracy across domains containing up to 10 billion cells.
ChipAgents is using NVIDIA Agent Toolkit to build domain-specific AI agents for chip design and verification. The team is fine-tuning NVIDIA Nemotron models for complex end-to-end semiconductor design and verification workflows including debug, formal verification, coverage and more.
Silvaco is using NVIDIA accelerated computing to scale high-accuracy 3D optical simulation in the Silvaco Victory Device. Running on 32 NVIDIA GPUs interconnected by NVIDIA NVLink™ technology, it completed a 3.2-billion-mesh-node photonic edge coupler simulation in under four hours, a workload beyond the practical limits of CPU-based simulation.
Keysight is harnessing NVIDIA cuDSS to accelerate electromagnetic simulations by up to 10x, while Samsung, Synopsys and TSMC are integrating NVIDIA cuEST into its GPU-accelerated pipeline to achieve up to a 50x speedup for key quantum-chemistry workloads.
Learn more by joining NVIDIA at DAC.
About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.
For further information, contact:
Paris Fox
Corporate Communications
NVIDIA Corporation [email protected]
Certain statements in this press release including, but not limited to, statements as to: With NVIDIA Agent Toolkit, developers being able to build agentic engineers that reason using physics, run complex simulations and generate high-fidelity data to become a new engine for innovation in chip and system design; expectations with respect to growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements above are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8cc7fd5d-80e0-4960-9176-41e04d3909a0
NVIDIA Agent Toolkit With NVIDIA PhysicsNeMo and CUDA-X Libraries NVIDIA today announced an expansion of NVIDIA Agent Toolkit for engineering, now adding NVIDIA Physi...
Silvaco oznámila spolupráci s NVIDIA na vývoji digitálních dvojčat pro návrh a výrobu polovodičů s využitím AI a akcelerovaného výpočtu. Firma uvedla, že to má zkrátit simulační cykly z týdnů na dny.
SANTA CLARA, Calif., July 26, 2026 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (Nasdaq: SVCO) (“Silvaco”), a leading provider of TCAD, EDA software, and semiconductor IP solutions, and NVIDIA, a global leader in accelerated computing and AI, today announced a collaboration to advance next-generation digital twins for semiconductor design and manufacturing using NVIDIA accelerated computing and AI.
Silvaco is combining decades of physics-based modeling expertise with NVIDIA’s accelerated computing, CUDA-X™ libraries, PhysicsNeMo, Omniverse libraries, and Nemotron open models to help customers build, train, and deploy high-fidelity digital twins capable of predicting, optimizing, and validating complex semiconductor systems with unprecedented speed and accuracy.
Together, Silvaco’s physics-based simulation portfolio and NVIDIA accelerated computing and AI will help customers design, simulate and optimize increasingly complex semiconductor technologies.
Partnership Focus Areas
GPU-Accelerated Physics Simulation
Silvaco intends to use NVIDIA accelerated computing and CUDA-X™ libraries to accelerate its semiconductor device, process, photonics, and multiphysics simulation solutions, enabling dramatic reductions in simulation runtimes and increased design productivity. As an early proof point, Silvaco completed a fully scaled 3D FDTD simulation of a photonic edge coupler with 3.2 billion mesh nodes on 32 NVIDIA GPUs connected with NVLink in under four hours. The workload did not converge on CPUs, and the result achieved less than 0.15 dB difference between measurement and simulation.
AI-Driven Surrogate Modeling
Silvaco intends to leverage NVIDIA PhysicsNeMo to develop customizable AI surrogate models that complement high-fidelity physics simulation and accelerate exploration of design alternatives.
Digital Twin Visualization and Collaboration
Silvaco plans to connect its digital twin environment with NVIDIA Omniverse libraries™ and NVIDIA Cosmos™ to deliver collaborative, real-time visualization and simulation environments spanning semiconductor fabs, manufacturing systems, robotics platforms and infrastructure applications to provide interactive visualization and collaboration across semiconductor design and manufacturing workflows.
Scaled Engineering Workflows
Silvaco aims to establish cloud-native workflows that support design, testing, and validation across distributed teams and compute environments.
Delivering Measurable Customer Value
By combining the technologies, Silvaco expects to help customers:
Reduce Simulation Cycles from Weeks to Days
GPU-accelerated simulation and AI-driven modeling will enable faster design iterations and reduced time-to-market.Improve Accuracy and Insight
High-fidelity digital twins will provide deeper visibility into system performance, enabling more precise validation and optimization.Scale Engineering and Collaboration
Cloud-based visualization and AI-driven workflows will enable global teams to collaborate more efficiently and execute complex simulations at scale.
“The convergence of physics-based simulation, accelerated computing, and artificial intelligence is transforming design and manufacturing,” said Walden C. Rhines, President and Chief Executive Officer of Silvaco. “By combining Silvaco’s deep expertise in semiconductor and multiphysics digital twins with NVIDIA’s industry-leading computing and AI platforms, we can help customers model increasingly complex systems with greater speed, fidelity, and confidence. Together, we are positioning the industry for a future where AI-powered digital twins can fundamentally transform how semiconductor technologies are designed, validated, and optimized.”
“Digital twins are becoming essential tools for engineering and manufacturing innovation,” said Da Yang, senior director of product, semiconductor and EDA at NVIDIA. “By using NVIDIA AI, open models, libraries and accelerated computing, Silvaco is connecting high-fidelity simulation, helping customers move faster from modeling to insight across semiconductor design and manufacturing.”
The combination of Silvaco and NVIDIA solutions is expected to enable advanced digital twin applications including:
Semiconductor process, device, packaging, and photonics simulationAI-assisted development of next-generation chips and advanced nodesFactory optimization and predictive manufacturing
This collaboration brings together Silvaco’s semiconductor modeling expertise with NVIDIA accelerated computing and AI to advance high-fidelity simulation, AI surrogate models, and digital twins across semiconductor design and manufacturing.
About Silvaco
Silvaco is a provider of AI-enabled TCAD and EDA solutions, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high-performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Egypt, Japan, Korea, Singapore, Taiwan, and Vietnam. Learn more at silvaco.com.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended, that are intended to be covered by the “safe harbor” provisions of those sections. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business and can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements are typically identified by the use of words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “estimate,” “potential,” “continue” and similar expressions, although not all forward-looking statements contain these words. These statements are based on the Company’s current expectations and assumptions and are subject to risks, uncertainties and other factors, including those described in the Company’s most recent Quarterly Report on Form 10-Q and other filings with the Securities and Exchange Commission. These factors may cause actual results to differ materially from those expressed or implied by forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Synopsys ve spolupráci s NVIDIA představila plně autonomní workflow pro ověřování čipů, které má zkrátit čas k validovanému RTL až 50× a zlepšit pokrytí o 20 %.
New long-running, fully agentic workflows spanning EDA to CAE multiply engineering productivity
Key Highlights
Synopsys unveils a fully autonomous long-running design verification agent that orchestrates the entire chip verification cycle delivering up to 50X faster time-to-validated RTL while achieving 20% additional coverage improvement Demonstrating Synopsys' first fully autonomous computer-aided engineering (CAE) workflow for thermal management and electronic device cooling capable of autonomously executing set-up, pre-processing, and post-processing in a fraction of the time required for manual approaches Expanded portfolio of more than 20 GPU-accelerated Synopsys EDA and multiphysics products, including 18X speedup of PrimeSim™ SPICE simulations , /PRNewswire/ -- Today at the 2026 DAC Chips to Systems Conference, Synopsys, Inc. (NASDAQ: SNPS) announced advancements to agentic AI for engineering in collaboration with NVIDIA. Synopsys has developed fully autonomous, long-running agentic capabilities for chip design and electronics system design enabled with NVIDIA Nemotron on NVIDIA's accelerated computing platform and secured by the NVIDIA OpenShell runtime. Demonstrated at DAC for the first time, Synopsys' capabilities promise to be a force multiplier for R&D teams beyond task agents, transforming time-consuming chip verification and thermal simulation into automated insight delivery, engineering productivity, and system performance improvement engines.
"AI is fundamentally reshaping engineering, and Synopsys is at the forefront of this transformation, enabling fully autonomous agents across every stage of silicon and systems development," said Ravi Subramanian, Chief Product Management Officer at Synopsys. "Our close collaboration with NVIDIA continues to accelerate the development of next-generation AI technologies by combining Synopsys' domain expertise spanning EDA and CAE with NVIDIA's advanced AI infrastructure and technologies. Together, we are enabling a new class of autonomous engineering workflows that elevate productivity, unlock deeper insights, and help customers innovate faster."
"The future of engineering is agentic, where AI agents reason, plan, execute complex workflows and verify their own work across the entire product development lifecycle," said Tim Costa, Vice President and General Manager for Computational Engineering at NVIDIA. "Synopsys is using NVIDIA AI tools and accelerated computing to build simulation and AI physics agents that help teams close verification, automate thermal analysis and compress development cycles from weeks to hours."
Introducing Synopsys' Fully Autonomous Design Verification (DV) Workflow
Coverage closure has been among the most significant bottlenecks in the DV process. Despite assistive tools, engineering teams spend significant labor and compute resources on incremental improvements. The companies are evolving the DV approach from tool-assisted to a goal-driven workflow that autonomously pursues coverage closure and traces root failure causes throughout development.
The solution, built on Synopsys' agentic AI platform and powered by Synopsys AgentEngineer™ technology and NVIDIA's agentic AI infrastructure — including NVIDIA Agent Toolkit, NVIDIA Nemotron 3 Ultra open model, and OpenShell runtime — features a fully autonomous, long-running orchestrator agent. The orchestrator agent deconstructs DV goals from specification, design, test repository, and user inputs, and orchestrates specialized agents and tools in a closed loop workflow spanning the full chip verification lifecycle, from test plan generation to coverage closure and advanced debug. Demonstrated at DAC, the end-to-end fully autonomous verification closure agentic flow compresses weeks of manual labor into hours of agentic execution that achieves up to 50X faster time-to-validated RTL with an additional 20% improvement in coverage.1
Autonomous Analog & Mixed-Signal (AMS) Workflows
AI-powered Custom Compiler™ Layout Synthesis (CCLS) is laying the foundation for autonomous analog and mixed-signal (AMS) design by automating layout generation, optimization, and design-layout convergence. Building on these capabilities, Synopsys AgentEngineer™ technology orchestrates multi-step analog flow spanning design creation, SPICE simulation, implementation, and verification. Engineers define design intent and performance goals in natural language, while autonomous agents execute and optimize the workflow, accelerating design closure and improving productivity by up to 3X.2
Delivering Autonomous Engineering Agents Across Design and Simulation
Synopsys developed a fully autonomous agentic CAE workflow for electronics thermal analysis using NVIDIA Agent Toolkit and NVIDIA CUDA-X libraries. Built with Ansys Icepak® electronics cooling simulation software — now part of the Synopsys portfolio — and open-source PyAEDT libraries, the agentic workflow autonomously executes simulation set-up, pre- and post-processing in a fraction of the time required for traditional approaches.
Extending the Value of GPU Acceleration to More Engineering Workflows
Synopsys continues to accelerate innovation with the industry's broadest portfolio of more than 20 GPU-enabled EDA and multiphysics products, unlocking deeper analysis and faster time-to-market across the design flow — from physical verification to photonics simulation. Recent developments include:
PrimeSim™ SPICE circuit simulations perform up to 18X faster leveraging NVIDIA GPUs.3 Synopsys QuantumATK® accelerates next-generation semiconductor material innovation by up to 50X for Gaussian-basis quantum chemistry simulations enabled by cuEST and up to 200x faster machine-learned force field simulations using NVIDIA Blackwell GPU infrastructure. Ansys Lumerical FDTD™ 3D electromagnetic simulation software achieved a 10X speedup on NVIDIA GPUs compared to CPUs when used within Synopsys' Multiphysics Fusion™ solution for analog and photonic design. In addition, Synopsys continues its deep collaboration with NVIDIA leveraging CUDA-X libraries to accelerate its solvers, including cuLitho, cuDSS, cuEST, and use cases in development with the newly announced cuISS library. Availability
Customers are currently evaluating Synopsys' agentic EDA and CAE capabilities with availability planned for the second half of 2026.
Follow Synopsys online for updates via our Newsroom, on LinkedIn, and on X.
Join Synopsys at the 2026 DAC Chips to Systems Conference
This week at DAC, Synopsys is showcasing AI-powered engineering solutions that enable customers to rapidly design from silicon to system with increased quality, efficiency, precision, and scale. Attendees can visit Synopsys' booth #631 for demonstrations of newly announced autonomous workflows. For a complete list of Synopsys sessions and activities at DAC 2026, visit the Synopsys DAC 2026 event page.
1 Compared to traditional verification workflows not powered by AgentEngineer technology.
2 AMS workflow leverages CCLS which delivers 3X gains in productivity.
3 PrimeSim SPICE delivered approximately 18X faster overall wall-clock time by introducing NVIDIA GPUs compared to CPU-only workloads.
About Synopsys
Synopsys, Inc. (Nasdaq: SNPS) is the leader in engineering solutions from silicon to systems, enabling customers to rapidly innovate AI-powered products. We deliver industry-leading silicon design, IP, simulation and analysis solutions, and design services. We partner closely with our customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow. Learn more at www.synopsys.com.
Forward-Looking Statements
This press release contains forward-looking statements, which involve risks, uncertainties and other factors that could cause our actual results, time frames, or achievements to differ materially. Information on potential risks, uncertainties and other factors that could affect our results is included in filings we make with the SEC from time to time, including in the sections entitled "Risk Factors" in our latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q.
Media Contacts
Kelli Wheeler, [email protected]
Pete Smith, [email protected]
[email protected]
CXMT začne v pondělí obchodování na Star Market po IPO za zhruba 8,5 miliardy USD a valuaci kolem 85 miliard USD. Pro Micron to znamená hlavně silnější budoucí nabídku DRAM.
On Monday, the global DRAM industry gets a fourth publicly traded heavyweight. ChangXin Memory Technologies, the Chinese DRAM maker known as CXMT, begins trading on Shanghai's Star Market after an initial public offering (IPO) that raised about $8.5 billion and valued the company at roughly $85 billion. It is the largest listing ever by a Chinese semiconductor company on a mainland exchange.
For shareholders of Micron Technology (MU -7.24%), the world's third-largest DRAM producer, the debut lands at a sensitive moment. Memory stocks have swung hard this month between fears that the AI (artificial intelligence) memory boom is peaking and evidence that it isn't. Micron itself fell about 7% on Friday. Now the industry's fastest-growing challenger is about to have a public currency and a war chest.
Here's what CXMT's arrival actually changes for Micron -- and what it doesn't.
Image source: Micron.
The challenger is moving faster than expected CXMT is no longer a fringe player. The company's share of the global DRAM market reached 7.6% in the first quarter of 2026, up from 4.7% just one quarter earlier, according to Omdia figures reported by the Seoul Economic Daily. That leap came as CXMT absorbed demand the three incumbents couldn't supply during the AI-driven memory shortage. Samsung, SK Hynix, and Micron held roughly 39%, 29%, and 22% of the market, respectively, in the same period.
However, the composition of CXMT's business matters as much as its growth. More than 98% of the company's revenue last year came from conventional DRAM, the commodity chips that go into servers and phones. It has effectively no presence in high-bandwidth memory (HBM), the premium product stacked next to AI accelerators, where the three incumbents retain a technological edge measured in years.
That distinction is the whole story for Micron investors. The memory boom's richest profits are concentrated exactly where CXMT isn't.
Micron's boom doesn't run through CXMT's market -- yet Micron's most recent quarter shows what the high end of this cycle looks like. Revenue for the fiscal third quarter of 2026 (the period ended May 28, 2026) reached $41.5 billion, more than quadrupling year over year from $9.3 billion. Net income was $28.2 billion. Operating cash flow hit $25.4 billion, up from $11.9 billion just one quarter earlier. And for the fiscal fourth quarter, management's forecast points to revenue of $50 billion, give or take $1 billion, with a gross margin of about 86%.
Numbers like those come from selling advanced memory into a shortage, at prices commodity producers can't touch. CXMT's IPO likely doesn't change that math for this quarter, or for next year.
What it changes is the supply picture further out. CXMT is earmarking its proceeds for production line upgrades and next-generation DRAM development. And the roughly $8.5 billion raised, which could approach $10 billion if the overallotment is exercised, is nearly double what the company had originally planned to invest.
Memory prices move on supply, and supply is exactly what CXMT is now funded to add. Memory booms have typically ended the same way: capacity built during the good years arriving all at once. Monday's listing doesn't guarantee a repeat. But it funds one.
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Micron's own history shows how violent those turns can be. The company posted a $5.8 billion net loss as recently as fiscal 2023, when the last downturn crushed memory prices -- and now it earns nearly five times that in a single quarter. The same operating leverage cuts in both directions, and memory investors have seen both sides of it inside three years.
So what's the right way for Micron shareholders to handle Monday's debut? Calmly, I'd argue. At about $920 per share, Micron trades at a price-to-earnings ratio of about 21, a multiple that already treats the current earnings explosion as temporary. The market, of course, has never believed this boom would last forever, CXMT or no CXMT.
Alphabet zvýšil výhled kapitálových výdajů na datová centra na 195 až 205 miliard USD. To je dobrá zpráva pro Nvidia a Broadcom, které z těchto investic těží.
Alphabet (GOOG +0.21%) (GOOGL +0.58%) is a major player in the artificial intelligence (AI) race. It's the largest of the four hyperscalers, and when it makes a decision, it sends ripples through the industry.
Alphabet CEO Sundar Pichai just made an announcement that will affect chipmakers Nvidia (NVDA -1.01%) and Broadcom (AVGO -2.88%), and it's good news -- at least for those two companies.
Following this announcement, Alphabet's stock slumped, but I think that actually created a better long-term buying opportunity.
Alphabet CEO Sundar Pichai. Image source: Alphabet.
Alphabet continues to raise data center spending guidance After the closing bell on Wednesday, Alphabet released its Q2 results, and in that report, it hiked its guidance for 2026's data center capital expenditures.
Alphabet's initial capital expenditure guidance range for the year was between $175 billion and $185 billion. That range got boosted by $10 billion in conjunction with the Q1 report; now, it has been boosted in the same increment to $195 billion to $205 billion. The picture that this paints is that Alphabet may be publicly offering a forecast for its capex spending, but what's really going on is that management is basically giving itself a blank check for AI spending if computing capacity becomes available on a quicker timeline than previously expected.
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Another item that may worry investors is that Alphabet can no longer cover all this spending with the company's cash flow. Over the past 12 months, Alphabet generated $186 billion in cash from operations. That means that even if it spent all its cash flow on data centers, that still wouldn't be enough to cover this year's build-out. It also has share buyback plans and dividend obligations, so it will have to raise capital to fill this gap, which it has done.
The bulk of this spending is flowing to a handful of suppliers, including Broadcom and Nvidia. Nvidia makes broad-purpose GPUs that are popular options to rent on Google Cloud and other cloud platforms. Broadcom is the design partner behind Alphabet's custom AI chip, the Tensor Processing Unit (TPU). These are growing in popularity in its data centers, and Alphabet is also starting to sell them to outside customers.
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Any time Alphabet raises its capital expenditure guidance, shareholders in these two chip giants should get excited, as that likely signals an increase in their revenues.
Investors in Alphabet were less than pleased with news of its latest capex budget hike, so its stock sold off on the news. I think that was a mistake, too, as Alphabet has proven it can turn the computing resources it is bringing online into immediate profit centers, as evidenced by Google Cloud's 82% growth rate. While it's not a popular decision on Wall Street yet, I think Alphabet's move to spend more on data center platforms is the right one, and positions it strongly for the long term.
Keithen Drury has positions in Alphabet, Broadcom, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Broadcom, and Nvidia. The Motley Fool has a disclosure policy.
SLB ve 2. čtvrtletí zvýšila tržby o 5 % na 8,97 miliardy USD a upravený zisk na akcii 0,55 USD překonal odhad analytiků 0,52 USD. Akcie za týden vzrostly o 11,01 %.
Shares of SLB (SLB +11.01%) climbed last week after the oilfield services leader reported higher-than-expected sales and profits.
Image source: Getty Images.
Energy security and AI-fueled gains SLB's revenue rose 5% year over year to $8.97 billion in the second quarter.
CEO Olivier Le Peuch said the ongoing conflict in the Middle East is driving its customers to prioritize "energy security, supply diversification, and production capacity expansion." Companies are also investing in technology to extend the useful lives of their energy assets.
At the same time, SLB is expanding into lucrative new markets. First among these is the artificial intelligence (AI) industry, for which SLB offers modular infrastructure manufacturing, engineering, and design services.
SLB's data center revenue soared 80%, placing it on pace to surpass a $1 billion annualized run rate by the end of 2026 and $2 billion by the end of next year.
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All told, SLB's adjusted earnings checked in at $0.55. That topped Wall Street's estimates, which had called for per-share profits of $0.52, according to Yahoo! Finance.
Demand for SLB's offerings is set to rise War in the Middle East is forcing governments and companies to rethink their energy strategies. Dependable energy supplies are becoming even more valuable, and the businesses that can help to ensure them are likely to see rising demand for their services in the coming years.
SLB, as a respected leader in the oil and gas services industry, is well-positioned to help meet the world's need for reliable and cost-effective energy.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Robinhood is reportedly in talks with Crypto.com to expand its prediction market footprint.
That’s according to a report Friday (July 24) by The Wall Street Journal (WSJ), citing sources familiar with the matter. The report noted that Robinhood has so far worked with companies like Kalshi to supply betting contracts for its prediction platform, though the companies are now more like rivals than partners.
Under this proposed partnership, Crypto.com’s prediction market business would be added to Robinhood’s prediction hub, letting users place yes-or-no bets offered by the crypto company on Robinhood’s trading platform, the sources said. The report added there are no guarantees the two companies will reach an agreement.
PYMNTS has contacted Robinhood and Crypto.com for comment but hasn’t yet gotten a response. A spokesperson for Kalshi declined to comment.
A spokesperson for Robinhood told WSJ the company “will continue to partner with multiple exchanges to ensure our customers have access to a diverse and resilient marketplace.”
As the report noted, Crypto.com debuted its stand-alone prediction markets platform OG in February, and has offered prediction markets contracts through its derivatives business since late 2024. Last year, Crypto.com announced a collaboration with President Trump’s media business to introduce prediction markets directly on the social media platform Truth Social, though that has yet to launch.
Kalshi, meanwhile, has been at the forefront of the prediction wave in the U.S., seeing $27 billion in volume for World Cup-related markets, versus around $1 billion for the Super Bowl.
Kalshi CEO Tarek Mansour told WSJ the company plans to expand its range of tradable assets beyond just events-based contracts, and called Robinhood a top competitor.
“They’re a partner of ours at the same time they’re competing with us, and I think that’s also great,” he said. “We’ll see who ends up with a better product.”
In other prediction market news, PYMNTS wrote last week about the industry’s contribution to a world in which gambling “is no longer simply a single, static industry,” thanks to the rise of companies like Kalshi, sports betting apps, and crypto exchanges.
“As artificial intelligence personalizes financial products, prediction markets and digital commerce, it will create new questions for executives across financial services, media and digital commerce,” that report said. “The future may not involve convincing consumers to gamble more. It may involve making every digital interaction feel just uncertain enough that they cannot resist checking one more time.”
Bank of Japan zasedá 30.–31. července a trh čeká ponechání sazby na 1 %. Pokud ale výhled zní jestřáběji, může posílení jenu tlačit na Bitcoin přes carry trade.
27 July 2026 | 00:20 The Bank of Japan holds its next monetary policy meeting on July 30 and 31, six weeks after raising its policy rate to 1%, the highest level in 31 years.
Key Takeaways BOJ meets July 30–31, after the Fed. Markets expect rates to remain at 1%. The Outlook Report is the main variable. Faster hikes would strengthen the yen. Government pressure complicates the policy path. Bitcoin’s risk comes through carry trades. Markets place little probability on another immediate hike. The focus is whether Governor Kazuo Ueda and the Policy Board encourage investors to expect the following move earlier than the current consensus.
Bitcoin is absent from the meeting agenda. The Bank of Japan’s published schedule lists the monetary policy statement, quarterly Outlook Report and Ueda’s press conference, with no mention of cryptocurrency.
The connection is indirect. A more restrictive policy path strengthens the yen, raises Japanese bond yields and makes borrowing in Japan to finance investments elsewhere less attractive. A rapid reduction in those positions puts pressure on Bitcoin alongside equities and other liquid risk assets.
BOJ Guidance Has Already Moved the Yen On July 22, Bloomberg reported that BOJ officials were open to raising rates faster than economists anticipated if continued yen weakness added to inflation risk. Policymakers reportedly saw growing evidence that companies were passing higher costs on to consumers.
The yen strengthened and short-term Japanese government bond yields rose after the report. USD/JPY fell towards 162.65 from above 163, despite the bank making no official policy announcement.
That reaction shows how sensitive markets are to the timing of the next move. Most BOJ watchers expect another hike in December, while a Reuters poll conducted before the June decision found that 86% of economists put the rate at 1.25% by the end of 2026. October and December were the most common forecasts.
The July Outlook Report will test that timetable. Language supporting a faster pace pulls the next hike forward, while a more cautious assessment reverses some of the yen strength and bond-market repricing already in place.
A Hold at 1% Remains the Base Case Financial markets have most likely largely priced out a July move. The BOJ raised rates by 25 basis points in June, while Japan’s core consumer inflation remained at 1.6% that month, below the 2% target for a fifth consecutive reading.
Tokyo inflation data, published before the national figures, remains one of the earliest signals capable of shifting rate expectations.
The tightening cycle likely has further to run. In a June 3 speech, Ueda said the bank would continue raising rates if economic activity, prices and financial conditions developed in line with its outlook.
The BOJ’s April projections placed inflation between 2.5% and 3% for fiscal 2026. The bank also warned that yen weakness raises the cost of imported fuel, food and raw materials.
Reuters sources indicate that the July report may lift the fiscal 2026 growth forecast while retaining the warning about an inflation overshoot. Import costs and strong demand linked to artificial intelligence investment offset some of the relief created by lower oil prices.
The likely outcome is an unchanged rate accompanied by guidance that keeps another hike firmly under consideration.
The Government Wants Lower Rates and a Stronger Yen Domestic politics complicate the BOJ’s position.
Prime Minister Sanae Takaichi entered office promising investment-led growth supported by heavy public spending, an agenda that benefits from lower borrowing costs. Reuters reported in June that her government was trying to restore a more dovish balance on the BOJ board. Her first appointee, Toichiro Asada, voted against the June hike.
Former BOJ board member Makoto Sakurai described personnel appointments as the administration’s strongest lever, since direct public criticism of monetary policy risks unsettling markets. The government’s first economic blueprint also calls for policy to support its growth programme.
Yet further yen weakness raises import prices and household expenses. Toshihiro Nagahama, a government panel member and economic adviser to Takaichi, said in July that the BOJ should continue raising rates gradually to correct excessive currency depreciation.
The government therefore favours slower tightening while also wanting relief from a weak yen. That conflict makes a surprise move less attractive, and it also limits the bank’s ability to signal that the hiking cycle is finished.
The Federal Reserve Sets the Backdrop First The Federal Open Market Committee meets on July 28 and 29, two days before the BOJ decision. Its target range currently stands at 3.5% to 3.75%.
Markets are not fully committed to a hold. CME FedWatch put the probability of an unchanged range at 62.1%, leaving 37.9% odds of a hike to 3.75%-4%.
Federal Reserve target rate probabilities for the upcoming July 29, 2026 meeting. That pricing matters for how the BOJ decision lands. A US hike would widen the rate gap and cushion the yen against hawkish Japanese guidance two days later. A hold accompanied by softer language would leave the yen more exposed to whatever the BOJ signals.
July is a non-projection meeting, so there will be no updated dot plot. Markets will instead focus on the statement and Chair Kevin Warsh’s press conference.
The wide gap between US and Japanese rates helps preserve the appeal of borrowing in yen and investing in higher-yielding dollar assets. USD/JPY responds to expectations for both central banks, and yen weakness through 2026 has tracked the US path as closely as the Japanese one.
A hawkish Fed supports the dollar and softens the effect of stricter BOJ guidance. A more dovish Fed makes a hawkish signal from Japan more powerful by favouring yen appreciation from both sides of the exchange rate.
How the Yen Carry Trade Reaches Bitcoin The yen carry trade involves borrowing in Japan at comparatively low rates, converting the funds into another currency and investing in assets offering higher potential returns.
The position remains attractive while Japanese funding stays cheap and the yen fails to strengthen enough to erase the investment gain. When rate expectations rise or the currency appreciates sharply, those trades become less profitable and often need to be reduced.
Bitcoin feels the effect without ever being purchased with borrowed yen. Such financing is used across equities, bonds, currencies and derivatives, so when losses or margin requirements increase, funds sell liquid assets across their portfolios.
Institutional carry positions take days or weeks to unwind. Crypto derivatives react faster, since leveraged perpetual positions are liquidated within hours once prices move against crowded traders. We documented that pattern in March, when a single risk-off session wiped out $588 million in crypto positions, roughly $493 million of it long.
Bitcoin is particularly exposed during those periods because it trades continuously and can be sold while traditional markets are closed. James Butterfill, CoinShares’ head of research, described carry-trade reversals as global liquidity shocks rather than isolated currency events.
The greatest risk emerges when Japanese rate expectations rise, the yen strengthens and leveraged investors begin cutting positions at the same time.
Four Ways the BOJ Decision Could Play Out BOJ Outcomes and the Likely Bitcoin Impact Scenario Likelihood Policy Outcome Yen / Bond Reaction Bitcoin & Risk Asset Impact Balanced Hold Most likely Rates at 1%; future moves left dependent on inflation, wages and growth Reverses part of the recent yen strength and bond-yield rise Neutral; Fed decision, ETF flows and market structure take over Hawkish Hold Live risk Rates at 1%; growth forecast lifted, inflation-overshoot warning retained Yen strengthens; next hike priced forward from December to October or September Negative if derivatives leverage is elevated when the report lands Surprise Hike Least likely Rates unexpectedly raised to 1.25% Rapid yen rally; Japanese bond yields move sharply higher Clearest downside; forced selling appears fast in round-the-clock crypto markets Dovish Hold Possible Rates at 1%; weak consumption and softer core inflation emphasised Yen weakens; cheap funding preserved Short-term support, with higher intervention risk later Rates Stay at 1% With Balanced Guidance This probably remains the most likely and least disruptive result.
The BOJ leaves future moves dependent on inflation, wages and growth without indicating that the next hike is imminent. A cautious Outlook Report would probably reverse part of the yen strength and bond-yield rise seen this week.
Bitcoin then might respond more to the Federal Reserve’s decision, ETF flows and its own market structure than to Japan.
Rates Stay at 1% With a Hawkish Outlook An unchanged rate still pressures risk assets if the BOJ lifts its growth forecast, retains its inflation-overshoot warning or suggests that the interval between hikes may shorten.
Traders would pull expectations for the next move forward from December towards October or September. That supports the yen and raises the cost of maintaining short-yen positions.
An official BOJ document carries more weight than a report based on unnamed sources, so the reaction would likely exceed what markets showed on July 22. Bitcoin’s response depends heavily on how much leverage sits in derivatives markets when the announcement arrives.
The BOJ Unexpectedly Raises Rates to 1.25% This is the least likely outcome and the clearest short-term downside risk.
Markets have largely priced out a July move, the bank acted only in June, and BOJ decisions are normally prepared through public communication. Political pressure for a gentler path further reduces the incentive to surprise investors.
That positioning is what would make an unexpected hike disruptive. Markets would need to reassess both the current rate and the timing of future tightening, producing a rapid yen rally and higher Japanese bond yields.
Forced selling might appear quickly in Bitcoin because crypto markets remain open around the clock.
A Dovish Hold Delays the Next Move The BOJ emphasises weak consumption, economic uncertainty or the recent softening in core inflation.
That could weaken the yen and preserve cheap funding, offering short-term support to Bitcoin and other risk assets.
Further currency depreciation carries a later cost. Higher import prices increase political pressure and raise the probability of a stronger response from either the BOJ or Japan’s Ministry of Finance.
Currency Intervention Remains a Separate Risk Foreign-exchange intervention is authorised by the Ministry of Finance and executed by the BOJ as its agent. It requires no monetary policy meeting and arrives without advance notice.
Finance Minister Satsuki Katayama has repeatedly warned against excessive currency moves as the yen weakened during 2026. A confirmed intervention would produce a sharp appreciation within minutes.
For Bitcoin, the immediate effect resembles a surprise rate hike. A sudden yen rally places pressure on leveraged carry positions even while the policy rate stays unchanged.
A dovish BOJ decision therefore lowers the immediate rate risk while raising the chance of intervention if USD/JPY climbs further.
July 2024 Shows How an Unwind Can Escalate The BOJ raised its policy rate to 0.25% on July 31, 2024, alongside a plan to reduce purchases of Japanese government bonds.
The yen had already begun strengthening, and the decision accelerated the change in rate expectations. Investors started cutting leveraged positions financed in the Japanese currency.
Pressure intensified days later when weak US employment data triggered the Sahm Rule recession indicator, alongside soft manufacturing figures. Bitcoin fell more than 15% on August 5 and briefly traded below $50,000, while equities and other cryptocurrencies also declined.
Describing the event as a BOJ-driven Bitcoin crash would leave out important causes. The rate hike, yen appreciation, US recession fears and crowded positioning arrived within the same period.
Bitcoin’s worst week of 2026 followed the same shape, with ETF outflows, forced liquidations and a macro rotation hitting at once.
The broader crypto sell-off reflected a global retreat from risk, with the carry-trade reversal amplifying pressure that weak US data had already created.
January 2025 Shows Why Expectations Matter The BOJ raised its policy rate to 0.5% on January 24, 2025. Unlike the July 2024 move, the increase had been clearly signalled and was widely anticipated.
The yen strengthened while global risk markets absorbed the decision without widespread forced selling. Bitcoin traded near $105,000 and was approximately 1.8% higher later that day, according to Reuters market data.
Changes in US cryptocurrency policy also supported Bitcoin, so the BOJ decision worked alongside other influences. The comparison still holds: a Japanese rate rise on its own rarely produces a crypto sell-off. Our review of how Bitcoin reacted through the 2022-2023 Fed hiking cycle found the same pattern in the United States, where positioning ahead of each meeting shaped the response more than the policy outcome itself.
The result depends on how much of the move has already been priced, how strongly the yen responds and whether leveraged positions are forced to close.
What to Watch During the Meeting USD/JPY: A sharp decline would signal yen strength and pressure on short-yen positions. Japanese two-year yields: These reflect expectations for the BOJ’s near-term policy path. Bitcoin open interest: Elevated positioning would increase the risk of forced liquidations. Funding rates: Extreme readings would reveal crowded directional exposure. Global equities: A simultaneous decline would support a broader deleveraging explanation. A Bitcoin decline accompanied by falling open interest suggests positions are being closed or liquidated. Weakness with open interest still rising indicates traders adding new bearish exposure.
What Determines the Reaction July 2024 showed how a yen rally amplifies broader selling when leverage is high and other macroeconomic concerns are already present. January 2025 showed that a well-telegraphed hike passes without a Bitcoin decline.
This meeting arrives with the yen near multi-decade lows, a Fed decision two days earlier, fresh reporting that the bank may move faster than expected, a government pulling against the pace, and an intervention risk that needs no meeting at all. Whether July 31 registers as a routine policy update or a broader liquidity shock depends on the surprise, the yen’s response and the leverage built around the decision.
Disclaimer: This article is for informational and analytical purposes only and does not constitute financial or investment advice. Central-bank decisions can produce sudden volatility, while historical market reactions do not guarantee similar future results. Methodology: Meeting dates, policy rates and official guidance are sourced from the Bank of Japan and the Federal Reserve. The July 22 report on the BOJ’s openness to faster tightening is based on Bloomberg reporting using unnamed sources and has not been confirmed by the bank. Political context and market expectations use Reuters reporting, while the crypto liquidity assessment references CoinShares research. Market levels are stated as of July 27, 2026. Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Z burzy Kraken odešlo téměř 3 080 BTC v hodnotě asi 198 milionů USD, což naznačuje nižší okamžitý prodejní tlak. Bitcoin se obchoduje kolem 64 368 USD a drží se nad supportem 63 824 USD.
After nearly 3,080 Bitcoin [BTC] left Kraken, attention has shifted back to whale accumulation. The two transfers included 1,265 BTC worth approximately $81.3 million and 1,815 BTC valued at about $116.6 million, bringing the combined value close to $198 million.
Rather than signaling imminent selling, the movements pointed toward coins leaving an exchange for unknown wallets. Such a pattern often reflects long-term holding instead of immediate distribution. However, the transfers arrived while Bitcoin traded within a well-defined recovery structure, making the timing especially notable.
Investors also viewed the withdrawals alongside broader on-chain indicators instead of treating them as isolated events. As a result, the latest whale activity reinforced the argument that large holders continued reducing readily available exchange supply despite recent market volatility.
Scarcity returns to Bitcoin’s favor Bitcoin’s Stock-to-Flow Ratio strengthened considerably and reached 46.5K as of writing, posting a remarkable 350.01% increase over the previous 24 hours. The sharp rise suggested that Bitcoin’s scarcity profile improved after weakening in earlier sessions.
Since the metric compares circulating supply against annual issuance, higher readings generally reflected tighter supply conditions. This shift aligned well with the latest exchange withdrawals because both indicators pointed toward fewer coins remaining available for immediate selling.
However, scarcity alone did not determine future price direction. Market participants still required sustained demand to capitalize on reduced supply. Even so, the improvement suggested that Bitcoin’s long-term supply dynamics remained supportive.
Investors therefore gained another fundamental signal that complemented the growing accumulation narrative driven by large holders.
Source: CryptoQuant Miner behavior eased another source of supply Bitcoin miners also reduced selling pressure during the latest trading session. At press time, the Miners’ Position Index (MPI) dropped to -1.2389 after declining 128.44% over the previous day.
Negative MPI readings historically indicated that miners sold fewer coins relative to their one-year average. That behavior reduced another potential source of market supply after whale withdrawals already removed substantial holdings from exchanges.
Instead of increasing distribution into strength, miners appeared to retain a larger share of newly mined Bitcoin. Such positioning usually reflect greater confidence in future valuations rather than urgency to secure profits. Nevertheless, miner activity represented only one part of Bitcoin’s broader supply picture.
However, reduced miner selling complemented improving scarcity metrics and strengthened the broader case that immediate selling pressure remained relatively contained.
Source: CryptoQuant Can Bitcoin’s channel support fuel another advance? Bitcoin traded near $64,368 after retreating toward the lower boundary of its ascending channel at the time of writing.
BTC’s price respected support around $63,824, keeping the broader recovery structure intact despite the recent pullback. Meanwhile, resistance remained established near $66,835, with another significant barrier positioned around $73,000.
The Relative Strength Index (RSI) eased to 50.85, while its moving average stood at 53.66. Those readings showed cooling buying strength rather than aggressive bearish control. The indicator stayed above the oversold region, suggesting sellers had not gained complete dominance.
If buyers defended the channel support, Bitcoin could revisit $66,835 before attempting another move toward $70,000 and eventually $73,000. However, losing $63,824 would likely expose the next major support around $60,000, shifting short-term sentiment back in favor of sellers.
Source: TradingView Conclusively, the latest Kraken withdrawals, stronger Stock-to-Flow Ratio, and subdued miner selling all strengthened Bitcoin’s supply outlook. Although price cooled near channel support, the broader structure remained constructive.
Moreover, current conditions suggest accumulation continues to outweigh distribution. Yet the next decisive move would likely depend on whether buyers maintain control above the $63,824 support level.
Final Summary Bitcoin whales removed nearly $198 million from Kraken, easing immediate exchange selling pressure. BTC still holds ascending channel support while scarcity and miner activity favor stronger supply conditions.
XRP Ledger prošel finálním hlasováním o aktualizaci: batched fix už splnil 80% práh a má jít do provozu během několika dnů. Další změny míří na batch transakce, soukromí a sponzorované poplatky.
XRP has already dipped as low as $1.01 during the ongoing bear market pullback, reviving talk that the token could briefly slip below a dollar before this cycle’s downturn runs its course.
A Familiar Pattern From the Last Cycle
One analyst pointed to XRP’s 2022 bear market as a reference point. XRP bottomed near $0.28 in June 2022, then retested that same support level roughly half a dozen times through January 2023, including a final touch at $0.32 before the market turned. The current setup, the analyst argues, looks similar, just at a higher price range this cycle.
Exchanges Keep Shutting Down
Bitmart just became the second crypto exchange to shut down in less than a week, following BitMEX’s earlier announcement. Bitmart’s native token, BMX, collapsed more than 60% after the shutdown news broke. A former major Bitcoin mining pool also filed for bankruptcy, reportedly holding just $1 million in assets against $500 million in liabilities.
Several digital asset treasury companies and at least one crypto hedge fund have also wound down operations in recent weeks. Analysts tracking the space describe this wave of collapses as a sign the market is clearing out excess leverage and weaker players, a pattern some say has historically preceded major bottoms in past cycles.
Institutions Are Pushing for Regulatory Clarity
Support for the CLARITY Act has grown among major financial institutions ahead of the Senate’s August 7 recess deadline. Both Charles Schwab and Fidelity have pushed the Senate to pass the CLARITY Act, joined by the Fraternal Order of Police and Goldman Sachs CEO David Solomon, who has publicly called for the bill’s passage.
New Upgrades Coming to the XRP Ledger
Away from price action, the XRP Ledger has several technical upgrades moving through its amendment process. The XRP Ledger’s batched fix update has already passed its 80% vote requirement and is expected to go live within days. Additional upgrades under discussion include:
Batch transactions, allowing up to eight transactions to be bundled into a single atomic actionZero-knowledge proof privacy features, enabling confidential transfersSponsored fees and reserves, letting platforms cover the XRP wallet creation cost for new usersPermission delegation, allowing specific account permissions without full custody transferDynamic multi-purpose tokens, which can carry updatable fields after launchTwo additional features are drawing particular attention: a Single Asset Vault that would let users pool XRP, RLUSD, or other tokens together, and a companion lending protocol built on top of it, enabling fixed-term, uncollateralized loans intended for institutional use.
Why the XRP Ledger’s DEX Matters
With centralized exchanges continuing to shut down, some analysts are pointing to the XRP Ledger’s built-in decentralized exchange as a safeguard for token holders. Since the DEX operates independently of any single platform, users can continue trading and earning yield on XRP even if individual exchanges they relied on disappear.
Story Ends Here
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XRP Ledger v3.2.0 čelí hlášeným chybám včetně zpomalení synchronizace a problémů s připojením. Zároveň se blíží aktivace fixCleanup3_2_0 na 29. července 2026 v 09:57 UTC.
The XRP Ledger community is progressing work on multiple bug reports related to xrpld v3.2.0 with the goal of implementing the fixCleanup3_2_0 amendment on July 29. The problems, posted on the XRPLF GitHub, span from performance regressions to problems with synchronization, despite node operators’ ongoing migration to the latest release.
A Look At Newly Reported Issues On XRP Ledger v3.2.0 After upgrading from xrpld 3.1.3 to 3.2.0, it is reported that xrpld 3.2.0 is slowly lagging behind the XRP Ledger mainnet consensus. The nodes which were once updating the validated ledgers on the same hardware “now gradually fall behind the validated ledger.”
However, going back to the 3.1.3 version fixes the problem, according to the issue on GitHub. The reporter called it “a performance regression in 3.2.0.”
Another report claims that xrpld 3.2.0 on Windows 10 never progresses beyond the “connected” server state. Despite maintaining around 30 stable peers, loading a valid UNL with 35 trusted validators, and receiving validations and proposals, the node reportedly never reaches syncing or tracking.
But rather than joining the current ledger of the network, it continues to close its own ledgers since the network’s genesis. The reporter reported that this machine was previously able to run rippled without any problem and the problem only occurred after migration to xrpld.
One validator-related problem is that Ripple-backed XRP Ledger v3.2.0 version does not successfully download ledger data from peers on a mainnet validator. Moreover, it cannot move past “server_state: connected” to “syncing,” “tracking,” or “full” stage.
The reporter made the observation that the process of acquiring the ledger on xrpld 3.2.0 was slowed down relative to xrpld 3.1.3-1. It took around 13 minutes to complete from an empty datastore to full, so it is suspected a regression occurred.
Developers are also looking at a validator public keys report on the new XRP Ledger version. The service showed the public key of the new validator, but server_info still showed the public key of the validator that was migrated previously, resulting in a mismatch between the two.
Validator Issues Warning As July 29 Deadline Inches Closer Meanwhile, XRPL validator Vet encouraged users to upgrade their XRP Ledger nodes to 3.2.0. He wrote on X, “Happy Hump Day to everyone, especially those who have upgraded their XRP Ledger nodes to 3.2.0!” He added, “In less than 1 Week all nodes running XRPL versions below 3.2.0 will experience service interruptions. Please update your nodes, remind exchanges and projects to update as well!”
According to XRP Ledger Explorer, 499 of 843 nodes (59.69%) are now running version 3.2.0. Whilst, 303 nodes (36.24%) remain on version 3.1.3. Adoption of validators has surged to 65.77% with 98 validators upgraded. The fixCleanup3_2_0 amendment currently has 30 of 35 trusted validators in support (85.71%), and is set to become active on 29 July 2026 at 09:57 UTC, as long as it stays above the 80% threshold.
Charles Hoskinson uvedl, že Cardano dokončilo v11 upgrade, první velký hard fork schválený plně on-chain hlasováním komunity. Novinka přidává Groth16 ZK proof-of-service verification infrastrukturu a chystaný Leios má zvýšit rychlost transakcí zhruba 60×.
Charles Hoskinson, founder of IOHK and Cardano, highlighted the recent bridge attacks and security vulnerabilities, stating that the cryptocurrency industry needs to mature. Arguing that focusing solely on speed is the wrong approach to addressing security issues, Hoskinson emphasized the necessity of zero-knowledge (ZK) technologies and decentralized insurance systems.
Referring to the recent hack on a third-party bridge used on the Binance-Cardano line, Hoskinson stated that traditional software security models are insufficient against AI-powered cyberattacks.
He stated that instead of relying on people or multi-signature (multisig) structures, there should be a shift to ZK systems (e.g., the Midnight project) that rely on mathematics. He argued that for the sector to reach traditional financial levels, optional insurance pools (RWA-based) that can compensate users for their losses should be established.
Hoskinson announced that the Cardano ecosystem has successfully completed its v11 upgrade, stating that this update is the first major hard fork to be implemented entirely through on-chain community voting. The new update adds the Groth16 ZK proof-of-service verification infrastructure to the system. The next major update, Leios, aims to increase Cardano’s transaction speed by approximately 60 times. Hoskinson also stated that Cardano has completed its legislative and judicial-like governance mechanisms, and that a decentralized “executive authority” will be created to manage marketing, commercial adoption, and growth strategies.
Hoskinson harshly criticized Ethereum’s governance and financing model, drawing attention to Cardano’s treasury system. He stated that Cardano’s development is sustained thanks to its on-chain treasury, arguing that Ethereum’s lack of decentralized governance has led to it falling under the control of large corporations and oligarchic structures.
Hoskinson stated that Layer-2 (L2) solutions in the Ethereum ecosystem are “parasitic” and harm the main chain, adding that Cardano, on the other hand, provides ADA holders with multiple token returns through a “partnered” L2 model.
*This is not investment advice.
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Perpetual obdržela třetí vylepšenou nabídku od EQT tento měsíc, která ji oceňuje na A$2,55 miliardy. EQT nabízí A$22,50 za akcii, téměř o 19 % nad poslední zavírací cenou.
A view shows EQT AB's logo at the company's office in Tokyo, Japan May 13, 2025. REUTERS/Miho Uranaka//File Photo Purchase Licensing Rights, opens new tab
July 27 (Reuters) - Australia's Perpetual (PPT.AX), opens new tab said on Monday it had received a sweetened takeover offer from Swedish private equity firm EQT AB (EQTAB.ST), opens new tab, valuing the financial services provider at A$2.55 billion ($1.78 billion).
Under the revised offer, EQT would buy all of Perpetual's shares for A$22.50 apiece, a nearly 19% premium to the stock's last closing price.
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The latest approach marks the third bid EQT has made for Perpetual this month, after the group first offered A$21.64 a share on July 1 and then raised its indicative proposal to A$22.07 a share in mid-July.
EQT has progressively sweetened its offer as it pursues the Australian wealth manager and trust business, with the latest proposal representing a roughly 4% increase from its initial approach.
Perpetual said the proposal was subject to various conditions, including the completion of the firm's sale of its wealth management unit to Bain Capital.
($1 = 1.4306 Australian dollars)
Reporting by Rajasik Mukherjee; Editing by Tom Hogue and Subhranshu Sahu
Our Standards: The Thomson Reuters Trust Principles., opens new tab
WEMIX uvedl, že útočník po kompromitaci kontraktu spojeného s WEMIX$ přesunul 724 198,27 USDC.e. Síť dočasně zastavila bridge, obchodování v likviditních poolech i další služby.
WEMIX says attacker moved about $724,000 after contract breach WEMIX suspended bridges, liquidity-pool trading and several services after an attacker compromised a WEMIX$-linked contract and moved 724,198 USDC.e.
Layer-1 blockchain network WEMIX said an attacker moved about 724,000 in USDC.e tokens after compromising ownership of a contract linked to its WEMIX$ stablecoin and issuing tokens without authorization.
The abnormal transactions occurred on Sunday at 9:17 UTC, according to a preliminary incident update from WEMIX. The attacker issued about 5.23 million WEMIX$, which was converted into 30,736 WEMIX and 724,198.27 USDC.e. The USDC.e was then bridged to Ethereum and BNB Smart Chain before being exchanged for assets including Ether and Tether’s USDT and distributed across multiple addresses.
WEMIX said some of the funds were deposited into centralized exchanges. The company identified the attacker’s wallets and requested asset freezes and assistance from exchanges and stablecoin issuers, adding that some exchanges had already frozen addresses linked to the incident.
The company temporarily suspended all bridges connected to its layer-1 network, WEMIX3.0, including Chainlink CCIP and the PLAY Bridge. It also suspended trading in affected liquidity pools, withdrew foundation-provided liquidity, and paused services including the WEMIX$ Module and PNIX decentralized exchange.
WEMIX said the cause and full impact remain under investigation and warned that the preliminary figures could change.
Cointelegraph contacted WEMIX for additional information but did not receive an immediate response.
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.
Zcash se blíží upgradu Ironwood, který je naplánován na 28. července v bloku 3 428 143 a má posílit bezpečnost sítě a opravit kritickou kryptografickou chybu. Trh sleduje support $477 a rezistenci $680–$750.
Zcash (ZEC), a privacy-focused cryptocurrency, is preparing for a significant network milestone as it approaches the Ironwood upgrade, scheduled for July 28 at block height 3,428,143. The update, known as NU6.3, will retire the existing Orchard shielded pool and introduce a new pool featuring a corrected cryptographic circuit after a critical vulnerability was discovered. The upgrade aims to enhance network security and allow further investigation into whether the vulnerability was ever exploited.
Technical patterns highlight key support and resistance zonesMarket observers are closely monitoring ZEC’s price action ahead of the upgrade. Technical analyst Crypto With Gopal has pointed to a falling wedge formation developing on the one-hour chart, centered on the $477 support level. The analyst noted that recent price action shows sellers losing momentum as buyers defend the wedge’s lower trendline, leading to increased price compression.
The analyst suggested that a decisive breakout above the wedge’s upper boundary could indicate a return of bullish momentum—provided that the move is backed by rising trading volume. Such confirmation is considered necessary for signaling renewed demand among market participants.
Sellers are losing momentum while buyers continue defending the lower trendline. This could lead to a breakout if strong volume confirms the reversal.
On the other hand, a breakdown below the wedge’s lower trendline could invalidate the bullish scenario and expose ZEC to further declines. The falling wedge is widely followed by traders as a pattern indicating a potential reversal when confirmed by price movement and volume.
Mini dictionary: Falling wedge, a price chart pattern characterized by converging trendlines, where both the resistance and support lines slope downward. It is often viewed as a signal of a potential bullish reversal when price breaks above resistance and is supported by increased trading volume.
Another prominent analyst, @0xVertix, has identified a broader resistance area for ZEC between $680 and $750. According to this perspective, ZEC has maintained a bullish structure by establishing higher lows since recovering from previous macro lows.
Price continues to print higher lows, showing that buyers remain in control even as price approaches a major resistance band.
The $680-$750 zone has presented strong opposition to upward moves in the past and will be closely watched by traders. A sustained weekly candlestick close above this range would suggest meaningful technical progress, while converting the zone into lasting support could remove major resistance barriers for future gains.
Key ZEC LevelsPrice RangeImplicationSupport$477Short-term defense zone, falling wedge patternResistance$680-$750Major obstacle; a weekly close above could enable further upsidePotential target$1,300-$1,400Projected if trend continues and demand risesTechnical indicators and market sentiment remain neutralDespite the technical patterns outlined by analysts, several market metrics have yet to confirm a change in direction. Data compiled by TradingView for ZECUSDT currently shows an overall Neutral technical rating. Both oscillator and moving average categories are also marked as Neutral.
However, detailed readings for critical indicators such as the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), Average Directional Index (ADX), and Stochastic RSI are currently unavailable in the dataset. This data gap limits the usefulness of the aggregate reading and makes it challenging to determine whether momentum is strengthening or weakening.
Additionally, the absence of populated pivot levels restricts the ability to confirm specific short-term support or resistance areas. As such, current price formations including the falling wedge and the $680-$750 resistance zone should be regarded as chart-based observations rather than confirmed trading signals.
A decisive shift in technical momentum will likely require an increase in price accompanied by stronger volume and improving readings across standard technical indicators.
Outlook ahead of the Ironwood upgradeWhile technical projections remain conditional, the immediate focus for traders is on the $477 support tied to the falling wedge and the critical $680-$750 resistance band. Market structure could shift significantly if ZEC delivers a breakout above key resistance areas, as sustained demand would improve the bullish case.
Conversely, repeated rejections at higher levels or a breakdown from current support would leave ZEC vulnerable to renewed selling pressure and diminish prospects for an extended rally.
With the Ironwood network upgrade approaching, both technical indicators and blockchain developments are expected to affect market sentiment. The upcoming changes aim to reinforce Zcash’s security and privacy features, increasing investor interest in the project as it seeks to solidify its standing among privacy coins.
Until crucial support or resistance levels are broken with conviction, the likelihood of ZEC achieving a sustained move toward $750 remains unconfirmed. Traders are likely to monitor coming sessions closely for signs of a breakout or further consolidation in the lead-up to the network upgrade.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
HSBC zahájila pokrytí SpaceX s doporučením Hold a cílovou cenou 115 USD. Akcie v pátek klesly až o 6 % a uzavřely na 115,07 USD, tedy 7 centů nad cílem.
SpaceX (SPCX -2.85%) got a new review from a major bank on Friday, and it wasn't the vote of confidence shareholders were hoping for. HSBC initiated coverage of the rocket and satellite company with a Hold rating and a $115 price target. That number sits below the $135 price at which SpaceX went public in June.
The market wasted no time making its own statement. Shares fell as much as 6% on Friday, dipping below the new target shortly after its publication, before closing at $115.07 -- seven cents above it.
That makes SpaceX the rare stock that trades simultaneously below its IPO price, right at a major bank's days-old price target, and roughly 50% below the high of $225.64 it reached shortly after its debut.
What's most interesting about HSBC's math, though, is how generous it tried to be.
Image source: Getty Images.
A premium for Musk, and still a Hold HSBC built its valuation as a sum of the parts, adding up what it believes SpaceX's businesses are worth. Then it did something unusual. It applied a 2x premium to account for CEO Elon Musk's track record of commercializing disruptive technologies. In other words, the bank built a 2x innovation premium into its sum-of-the-parts math, on the theory that Musk has repeatedly built industries where none existed.
Even with that premium, the answer came back at $115, along with a conclusion that the price already reflects much of the company's long-term growth potential -- including continued expansion of Starlink, rising launch activity, and the development of its artificial intelligence initiatives. The bank did sketch a friendlier picture. Its most optimistic scenario, which assumes the Starship rocket becomes commercially viable starting in 2027 and launch capacity doubles, values the stock at $293 per share. But that's the ceiling case, not the expectation.
That's the detail I'd sit with. When a valuation grants the founder credit most models never grant, and still can't reach the IPO price, the exercise says as much about the price as it does about the company.
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The disagreement is enormous To be fair, HSBC is one voice, and a notably cautious one next to the rest of Wall Street. The average price target on SpaceX sits at about $237, more than twice the recent share price. Even more telling, individual targets range from $62 all the way to $800. A range that wide is less a forecast than an admission that nobody has figured out how to value this company yet. And HSBC's Hold rating, for what it's worth, implies the stock roughly treads water from here. The bank's caution is about the price, not the business.
The fundamentals explain the confusion. SpaceX's trailing-12-month revenue totals about $19 billion, and its 2025 revenue grew 33% -- remarkable growth for an industrial company. But the stock's market capitalization stands at about $1.5 trillion, which values the company at more than 75 times its sales. The business remains unprofitable, too, as it pours money into developing its Starship rocket. There are no earnings to check the valuation against yet, and there won't be for some time.
Hard evidence is finally coming, though. SpaceX is expected to report its first quarterly results as a public company on Aug. 4, giving investors their first standardized look at the company's finances since the IPO. The first wave of insider share lockups begins expiring shortly after the report. For a debate currently running on beliefs, that report is the first common set of facts both sides will have to reckon with -- and every model on Wall Street, HSBC's included, gets rebuilt on real quarterly disclosure from that day forward.
So, is the newly cheaper stock worth buying now that it has fallen to even a skeptic's target? I don't think the target itself should drive anyone's decision. HSBC's $115 is one bank's estimate, and the consensus near $237 is an average of guesses that disagree with one another by hundreds of dollars.
My takeaway is simply that SpaceX's current valuation continues to require a lot of imagination to justify. A major bank went looking for reasons to be generous with SpaceX, applied the biggest one it could justify, and still concluded the stock was worth less than its IPO price.
I'm not buying before the company's Aug. 4 numbers are released. Sure, a business compounding revenue at 33% deserves respect. But at a $1.5 trillion valuation, I want to see more momentum in its financials before paying up for this stock.
Storj zahájil dobrovolnou, soudem dohlíženou finanční restrukturalizaci — zrychlenou reorganizaci. Síť běží normálně a firma chce držitelům tokenů nabídnout podíl na vlastním kapitálu reorganizované společnosti.
Today Storj Management and Board have commenced a voluntary, court-supervised financial restructuring — an accelerated reorganization. You deserve more than a press release, so here is the full picture, plainly.
Why we did this. The company carries liabilities that largely predate our current strategy. Inveniam has continued to support us, and the operating business has been right-sized — lean team, disciplined costs. But past obligations of this scale cannot be outgrown; they can only be resolved. This process resolves them in one place, under court supervision, with full transparency, and gives us the time to present a strong business plan for what comes next.
The network and the token today. The network continues to operate normally. The token’s utility in the network is unchanged by today’s announcement. We will not comment on price — not today, not during the process; we know trading has been quiet and low for a long time, and nothing in this letter is a prediction or an inducement to buy or sell anything.
The path we intend to propose. Our goal — stated openly — is that the restructured company be owned by the people who built it and the people who believed in it: management, this decentralized community, Token holders and other investors. Concretely, we intend to propose, as part of a plan of reorganization, a mechanism for Token holders to participate in the equity of the restructured company. The design (eligibility, mechanics, and terms) will be developed during the process and disclosed formally.
What we cannot promise. A plan must be approved through the court process, and the law sets priorities among stakeholders that we must respect. So we are promising you a seat at the table and a genuine intention — not an outcome. We would rather be straight with you now than walk anything back later.
How to engage — concretely:
Organization: we strongly encourage token holders who wish to organize as a group during the process are welcome to do so; we are keen to engage constructively with any representative group, and the email above is the starting point. Please reach out so that we can build Storj with our community.
Dedicated channel: [email protected] — staffed, read daily, with a commitment to respond within [2] business days.
Open AMA with Storj management team: TBD. Questions can be submitted in advance via the email above.
Formal process information: court documents, timelines, and official notices. If you believe you hold a claim, please email [email protected] — please rely on it over rumor.
Important: This letter is for information only. It is not an offer or solicitation of any security or token, not a promise of any recovery or distribution, and not financial advice. Any participation by token holders in the restructured company will occur only pursuant to a court-approved plan and definitive documentation, and applicable securities laws.
Microsoft oznámí výsledky za 4. fiskální čtvrtletí 2026 po uzavření trhu ve středu 29. července. Trh čeká, zda silnější růst Azure a adopce Copilotu potvrdí jeho AI strategii.
It’s been a tough year for Microsoft (MSFT +0.02%) shareholders. The stock, typically viewed as one of the safest plays in the entire stock market, has lost nearly a fifth of its value.
Concerns about elevated capital expenditures on artificial intelligence infrastructure and a software armageddon have extracted their pound of flesh.
Microsoft will have the opportunity to prove the naysayers wrong when it reports its 2026 fiscal fourth-quarter earnings after the market closes on Wednesday, July 29.
Following the results, CEO Satya Nadella and the rest of Microsoft’s senior management will host a live conference call with Wall Street analysts to discuss the results.
The earnings report could send the stock soaring. Here’s why.
Image source: Motley Fool.
The chance to prove the company’s AI strategy is workingMicrosoft’s stock has sold off for a few reasons.
The company has guided for $190 billion in capital expenditures in calendar year 2026, largely for AI infrastructure.
Investors are also concerned that the company’s AI digital assistant Copilot is not gaining traction and that Microsoft 365, its suite of office tools that powers the business world, could eventually be vulnerable to AI-made alternatives.
All the concerns are valid, of course. Copilot had about 20 million paid enterprise seats on Microsoft’s last earnings call, despite the company’s 450 million-plus Microsoft 365 subscribers.
Morgan Stanley analyst Adam Wood thinks Microsoft has a good opportunity on the upcoming earnings release to prove that its AI strategy is making progress.
Wood expects Azure, Microsoft’s cloud business benefitting from AI, to show accelerated growth over the next few quarters and for Copilot adoption to pick up steam as well.
Wood sees tremendous upside for Microsoft, particularly if Azure growth and Copilot adoption drive growth in Microsoft 365. Wood has a $795 price target as his bull case, which would imply more than a double from current levels.
Long-term investors can buy the stockI do think long-term investors can buy the stock. While Microsoft could soar following its upcoming earnings results, investors should still be careful about trading around a near-term earnings event.
Other large AI companies that have reported high capex guidance have experienced significant sell-offs, and this poses a potential risk for Microsoft. The company could guide for higher-than-expected capex next quarter or in the calendar year.
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It’s also possible Microsoft sells off if Azure revenue disappoints, Copilot adoption fails to impress the market, or Microsoft 365 subscriber growth comes in weak.
That said, negative sentiment surrounding the stock could also send it soaring on a strong earnings print. Furthermore, I like the long-term setup for Microsoft, which trades around 23 times trailing earnings, well below its five-year average of roughly 32.5.
Now, it’s true that Copilot may never be the powerhouse that Claude or ChatGPT is in terms of total users. AI will also undoubtedly make software solutions easier to build, eroding the moat of software players that can’t adapt quickly enough.
That said, I do think there is a very good chance that Microsoft can position Copilot to support Microsoft 365 growth and maintain its dominance in the business world with its suite of office tools.
Furthermore, Azure revenue has been growing at an annual rate of around 40% in recent quarters, indicating that high AI investment is paying off on this front.
Microsoft is also very likely to survive any major sell-off or correction in AI. Trading at an undemanding multiple, I do see the stock as a good long-term bet.
American Airlines (AAL +6.79%) reported second-quarter results on Thursday and lowered its outlook for the year. Initially, investors were spooked, and the stock fell about 8% to close at $13.56.
Then on Friday they bought it back. Shares rose 6.8% to $14.48, recovering much of the drop in a single session.
Two days, two opposite verdicts on the same report. What gives?
A record quarter and a worse year The quarter itself was not bad at all.
Second-quarter revenue came in at $16.7 billion, up 16.3% year over year and the highest quarterly revenue in the company's history.
American posted net income of $71 million, or $0.11 per diluted share, on a generally accepted accounting principles (GAAP) basis. On a non-GAAP (adjusted) basis, net income was $99 million, or $0.15 per share.
Image source: Getty Images.
Then came the outlook. Management now expects full-year adjusted earnings per share somewhere between a loss of $0.65 and a profit of $0.65. The prior range ran from a loss of $0.40 to a profit of $1.10.
The midpoint of that new range is zero -- and that's for a company generating record revenue.
The cause is not complicated, and management named it. Aircraft fuel expense rose by more than $2.2 billion in the second quarter, an 83.3% increase year over year, lifting the average price American paid to $4.05 per gallon.
For context, $2.2 billion is more than 13% of the quarter's entire revenue, added to the cost side in twelve months. Almost any airline's profit would disappear under a move like that, and arguably American's thin margin makes it the most exposed of the big three.
What Friday's buyers were looking at So why buy the stock a day later? I think there are several reasons.
First, American guided for third-quarter revenue growth of 16% to 19% year over year -- an acceleration from the 16.3% it just posted. Demand isn't softening. And the company said it offset nearly 50% of the fuel headwind in the second quarter through higher fares, which is a meaningful thing for a business often accused of having no pricing power.
The second is the fuel price itself. Management's third-quarter outlook assumes an average of $3.75 per gallon, down from the $4.05 it paid in the second quarter. That still implies about $1.7 billion of additional fuel cost versus the third quarter of 2025, so the pressure hasn't gone away. But the direction has changed at the margin.
Put those together, and the bull case is straightforward. The revenue engine is running faster than it has in years, and what broke the profit forecast is a commodity price rather than anything American is doing in its own operation -- and commodity prices move in both directions.
Of course, the bear case sits in the same guidance. Third-quarter adjusted earnings are forecast between a loss of $0.70 and a loss of $0.10 per share. That is a loss at every point in the range, during what is normally the industry's strongest stretch of the year. And a third-quarter loss would mean American needs a strong fourth quarter just to reach the middle of its own full-year guidance range.
So would I buy it here? No -- and the reason has less to do with this quarter than with what American is as an investment.
Airline earnings are often a small difference between two enormous numbers, and one of those numbers is a commodity the company cannot control. American's second quarter shows it. Revenue hit an all-time high, and the year's profit forecast straddles zero anyway.
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On the surface, the stock looks cheap. Shares trade at $14.48, about 23% below the 52-week high of $18.79 -- at roughly nine times the earnings analysts expect over the coming year. Most screens would call that a value stock.
But a forward price-to-earnings ratio is only as good as its denominator, and this one divides by a figure management itself says could land anywhere between a loss and a profit. A multiple built on a range that wide isn't a margin of safety.
I understand Friday's buyers, though. If jet fuel pricing eases further while revenue holds a mid-teens growth rate, the earnings math flips quickly, and it flips hardest for the carrier with the thinnest margin. But that's largely a bet on an unpredictable commodity, and I'd rather make bets I can actually analyze. Additionally, investors who want exposure to the travel recovery can get it elsewhere -- from businesses whose largest cost isn't set in a commodity market.
AT&T ve 2. čtvrtletí zvýšila tržby o 2,3 % na 31,6 miliardy USD a upravený zisk na akcii o zhruba 20 % na 0,65 USD. Zároveň navýšila plán zpětného odkupu akcií na asi 10 miliard USD.
The market has spent years treating AT&T (T +4.77%) as a bond that happens to trade on an exchange. Slow growth, a big dividend, and not much to think about in between.
The company's second-quarter report, delivered on Wednesday, July 22, mostly confirms that description on the revenue line. Second-quarter revenue rose 2.3% year over year to $31.6 billion. But nobody is buying this stock for the top line anyway.
What the quarter did change is the size of the indirect "payments" shareholders get via share repurchases. Management lifted its 2026 buyback plan to about $10 billion from $8 billion, and the stock closed Friday at $24.13 after a 5.1% gain in the session -- still about 19% below its 52-week high of $29.79, and yielding 4.6%.
So does the cash actually cover everything management has now promised?
Image source: AT&T.
A slow top line and a fast bottom line Notably, underneath that 2.3% revenue figure, the profit lines are moving considerably faster.
Non-GAAP (adjusted) earnings per share came in at $0.65, up from $0.54 a year earlier -- growth of about 20% year over year. Diluted earnings per share from continuing operations rose to $0.66 from $0.62. And adjusted EBITDA margin expanded 110 basis points to 39.1%.
Free cash flow, the figure that actually pays the dividend, was $4.7 billion in the second quarter, up from $4.4 billion in the year-ago period.
And the operating detail behind it is better than the revenue growth rate suggests. AT&T added 432,000 postpaid phone subscribers and 646,000 internet customers, split between 367,000 fiber and 279,000 fixed wireless. Fiber now passes 38.6 million locations, up by a million in three months.
That mix matters. Fiber and postpaid phone customers are the higher-margin, longer-tenured end of this business, and the margin expansion is what a shift toward them looks like in the numbers.
Where the free cash flow goes Here is the arithmetic that decides the investment case.
AT&T pays $1.11 per share annually across about 6.9 billion shares, which comes to about $7.6 billion of dividends. Add the roughly $10 billion of repurchases management now plans, and the company intends to hand shareholders somewhere near $18 billion this year.
Its guidance for 2026 free cash flow is at least $18 billion.
In other words, the dividend and the buyback together consume essentially all of it. That isn't a hidden problem. It's the plan, and management said as much. But it does define what an investor is buying: a payout covered with almost no cushion this year -- unless, of course, you consider the company's capital allocated for repurchases a cushion for the dividend. And this would be a fair way to think about it.
But the company's multi-year outlook suggests there could be greater breathing room for the dividend in the future. Management guided for free cash flow above $19 billion in 2027 and above $21 billion in 2028, against a commitment to return more than $45 billion to shareholders across the three years. Stack those up and the company expects to generate about $58 billion while returning $45 billion, which leaves some runway for paying down debt.
Of course, debt is the part income investors should look at hardest. Net debt stood at $126.4 billion at quarter's end, or 2.68 times adjusted EBITDA. Management expects that ratio to climb to about 3.2 times once its transaction with EchoStar closes, then work back toward 2.5 times over about three years.
So leverage is going up before it comes down, at a company already returning all of its free cash flow.
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That is the trade-off, and I think it's a fair one at this price. The stock trades at about eight times earnings, though the sharper comparison uses the $2.25 to $2.35 in adjusted earnings per share management guided to for 2026, which puts shares closer to 10 times. Even at the 52-week high of $29.79, that guidance would imply under 13 times.
A 4.6% yield covered by contracted, recurring revenue, from a company that grew adjusted earnings about 20% year over year last quarter while buying back its own stock, is a reasonable thing to own. CEO John Stankey said the accelerated repurchase reflects a gap between the company's operating fundamentals and how the market values the shares, and the numbers back that up more than they don't.
I wouldn't call it a bargain, though. AT&T grows revenue 2% a year -- a concerning rate, and one that is just a few percentage points from flipping to a decline.
Still, for income investors, this quarter made the case stronger. The dividend is covered, the fiber business is finally producing the margin expansion it promised, and the stock sits nearly a fifth below its 52-week high. I'd own it for the yield, keep the position modest, and treat the buyback as a bonus rather than the reason.
Jamie Dimon varoval, že trhy podceňují rizika „jako tektonické desky“, i když JPMorgan vykázal silné čtvrtletí. Zmínil geopolitické napětí, inflaci, vysoké fiskální deficity a drahá aktiva.
Sometimes events unfold slowly on Wall Street. Other times, events move so quickly that it is like a sudden earthquake, as two tectonic plates lurch past one another. That's the analogy that JPMorgan Chase (JPM +0.95%) CEO Jamie Dimon used to describe the current market and economic environment. How should investors juxtapose that against the giant bank's impressive second-quarter earnings?
JPMorgan Chase had a good quarter In the second quarter of 2026, JPMorgan Chase posted earnings of $7.70 per share. That was up from $5.94 in the first quarter and $5.24 a year earlier. To put percentage numbers on that, earnings rose 30% from the first quarter of 2026 and a huge 47% from the second quarter of 2025. From that top-level view, JPMorgan is doing shockingly well right now.
Image source: JPMorgan Chase
But there are some caveats. For example, the quarter included a one-time benefit of $1.27 per share related to the conversion of Visa (V +1.03%) securities the company owns. The transaction is a bit complex, but the key is that this benefit had nothing to do with JPMorgan Chase's actual business results. Pulling the Visa impact out, earnings would have been $6.43 per share. Still good, but not nearly as good. That's the first grain of salt; the second is CEO Jamie Dimon warning about the future.
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The key is the lofty market The really important aspect of Jamie Dimon's fear is the fact that the market is trading near record highs. In and of itself, however, that's not a problem. However, given the other risks he sees, it sets the stage for a downdraft:
Several risks are shifting below the surface like tectonic plates, including geopolitical tensions and wars, sticky inflation, large global fiscal deficits and elevated asset prices. We cannot predict how these forces will ultimately play out. They may remain manageable, but they could also cause meaningful disruptions when they shift or collide.
Despite the CEO's carefully articulated concerns, consumers appear to be holding up, and investors are enthusiastic about the future, which set the stage for JPMorgan's strong quarter. If nothing changes, the giant bank could continue to post strong results across its various businesses. However, that could also be blinding investors to the very real risks that are taking shape. If the tectonic plates collide, JPMorgan's results could suffer as its customers deal with a recession, a bear market, or worse.
Dimon is telling investors to be ready Jamie Dimon isn't telling investors to run for the hills. After all, the bank, one of the world's largest financial institutions, is doing well right now and will continue to do well so long as current conditions prevail. What the CEO is saying is that investors should temper their enthusiasm with a bit of reality, given the world's current uncertainty. That's good advice, for those willing to listen.
Texas Instruments těží z poptávky po AI: tržby ve 2. čtvrtletí meziročně vzrostly o 23 % a zisk o 53 %. Firma navíc ve 3. čtvrtletí očekává tržby 5,65 až 6,15 miliardy USD.
Texas Instruments (TXN -1.90%) is relatively late to the artificial intelligence (AI) party. The stock was mostly flat over the past five years until a 58% year-to-date rally surprised investors. Its analog chips manage the electrical power that AI chips need.
These analog chips essentially serve as the middleman between electric grids and AI chips. Analog chips process electricity and distribute it to AI chips in a way that lets them function without overheating. They position Texas Instruments for a multiyear run as AI infrastructure demand accelerates.
Image source: Getty Images.
Revenue growth is picking up Fundamental growth is a key factor for stocks that beat the S&P 500 over the long run, and Texas Instruments has been checking off that box. Its 23% year-over-year growth rate in the second quarter was its highest in multiple years.
The recent growth isn't a fluke. Texas Instruments anticipates $5.65 billion to $6.15 billion in Q3 revenue. A midpoint of $5.9 billion implies a 24.5% year-over-year growth rate. Sequential growth has been solid, but that is a normal trend for Texas Instruments. If the company delivers positive sequential growth in Q4, that's a major catalyst, since that's the slower season for Texas Instruments.
Texas Instruments barely beat the top end of its Q2 guidance when delivering results. If its analog chips continue to gain momentum in data centers, it might end up beating the top end of Q3 guidance. That would position the company for at least 38% year-over-year revenue growth.
Texas Instruments is achieving this growth while boosting its net income. Profits were up by 53% year over year in the second quarter.
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Prudent financial management Texas Instruments isn't a flashy name, and the executives never intended for it to reach that point. The company's website starts with a boring quote from CEO Haviv Ilan, but it's boring in a good way.
"We believe that long-term growth of free cash flow per share is the ultimate measure to generate value. We achieve this by strengthening our competitive advantages, being disciplined with capital allocation and pursuing efficiency," Ilan wrote on the investor relations site.
The emphasis on cash flow explains why Texas Instruments' net income is rising faster than revenue. It also offers some insight into why it's one of the few fast-growing AI stocks that still has a dividend yield above 2%.
To top it all off, Texas Instruments actually pulled back on capital expenditures (capex) while other companies are rushing to throw their money at AI. The company heavily invested in manufacturing capabilities for multiple years. Now, it's scaling down capex while enjoying the fruits of its labor.
The second quarter featured $514 million in capex, which is a 60.6% year-over-year reduction. At a time when tech giants can deliver good results that get overlooked due to rising capex, Texas Instruments is delivering high growth rates while cutting back on spending. It's a rarity in the current market that can justify an extended rally.
Sazerac logo is seen in this illustration taken April 22, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 26 (Reuters) - Brown-Forman (BFb.N), opens new tab said on Sunday its board had received an unsolicited proposal from Sazerac, but concluded the offer was "not actionable."
The Jack Daniel's maker did not disclose the value of the proposal from the U.S. spirits company Sazerac.
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Wolf Pen Branch, LP, which represents a majority of Brown-Forman's Class A shares, said it remains confident in the company's brands, adding Sazerac's proposal does not align with its vision for Brown-Forman's future.
Sazerac did not immediately respond to a request for comment outside regular business hours.
Reuters reported in May that Brown-Forman had rejected a $32-per-share cash takeover offer from Sazerac that valued the company at about $15 billion.
Sazerac emerged as a suitor after Brown-Forman and Pernod Ricard (PERP.PA), opens new tab ended merger discussions in late April, having failed to agree on mutually acceptable terms.
Privately owned Sazerac, controlled by the Goldring family, owns more than 500 brands, including Buffalo Trace bourbon and Fireball cinnamon whisky.
Reporting by Abu Sultan in Bengaluru; Editing by Nia Williams and Chris Reese
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Paramount Skydance se dohodla, že transakci neuzavře dříve než pět dní po rozhodnutí ve věci, nejpozději do 1. června 2027. Po 30. září navíc začíná nabíhat dodatečný poplatek ve výši přibližně 7 milionů USD denně.
Paramount Skydance takeover bid of Warner Bros. (Photo by Michael Yanow/NurPhoto via Getty Images)
NurPhoto via Getty Images
Washington cleared the deal. A California court paused it. Brussels attached conditions. Britain may rewrite its media law to review it.
Both parties to the largest media transaction of the decade are now waiting. Only one of them will pay for it.
The Paramount Warner Deal Delay Has A Price Paramount Skydance Corporation has agreed not to close its acquisition of Warner Bros. Discovery until five days after a ruling on the merits, or June 1, 2027, whichever comes first. That followed a temporary restraining order secured four days earlier by twelve state attorneys general.
The delay is not simply procedural. It is priced.
Under the merger agreement, Warner shareholders receive $31 a share in cash. If the deal has not closed after September 30, additional consideration begins accruing daily at a rate equivalent to 25 cents a share every 90 days, payable when the transaction eventually completes.
Across WBD’s outstanding shares that is roughly $650 million a quarter, or about $7 million a day. A wait until next June would add something close to $1.7 billion to the purchase price.
Behind that sits a larger number. If the transaction fails under specified regulatory circumstances, Paramount could owe WBD a $7 billion regulatory termination fee.
Larry Ellison and his revocable trust have jointly and severally guaranteed that fee, along with $45.72 billion of the merger consideration and the $2.8 billion Paramount already paid Netflix on Warner’s behalf when Warner took the higher offer. Warner, for its part, would owe Paramount $3 billion if it were the one to walk away.
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The timing was not lost on the court. In granting the restraining order it recorded that the companies had conceded they would incur no carrying costs from a delayed merger until the end of September, and found they would suffer no apparent near-term harm from waiting.
Who Pays For The Delay: Warner or Paramount?That structure explains a great deal about how the two companies have behaved since the lawsuit.
Paramount has forcefully argued that the states’ challenge is disconnected from the modern media market and that delay serves large technology platforms rather than consumers.
Warner has been comparatively quiet. It does not need to speak. Its position is written into the contract, which converts every additional month of regulatory argument into a higher price for its shareholders and a guaranteed payment if the whole thing collapses.
One company is buying time. The other is selling it.
Four Regulators, Four Different MarketsThe difficulty is that the clock runs against a process no party controls. Four authorities are reviewing this transaction, but they are not measuring the same source of media power.
On June 12, the Justice Department closed an eight-month investigation that had drawn more than two million documents from over 80 custodians.
It found the deal "not likely to result in harm to competition or American consumers" in three named markets: streaming video on demand, linear television and the development, production and distribution of films for theatrical release.
On July 20, a federal court in California reached the opposite preliminary conclusion about the third of those markets. Its finding rested on Paramount’s anticipated 27% share of wide-release theatrical distribution and the concentration the merger would produce, which the court held sufficient to presume a likely violation.
Brussels was looking at something narrower again. Its conditional clearance on July 22 is not addressed to streaming scale or theatrical share. It requires Paramount to exit United International Pictures, the European film distribution venture it shares with Universal.
Britain’s Media Law Has Not Caught UpBritain is doing the hardest thing of the four, because the category it wants to examine is not yet in its statute.
On June 30, Culture Secretary Lisa Nandy told Parliament she was minded to intervene under the Enterprise Act 2002 on two public interest grounds. One is conventional, covering plurality of views in news media, which here means CNN International and Channel 5 arriving under a single owner.
The other concerns the number of owners controlling on-demand programming services, and that consideration is not currently specified in section 58 of the Act. The legislation, as Nandy put it, "does not cover the effect of a merger on streaming or video-on-demand services." She said she would introduce secondary legislation to change it.
That places a British parliamentary calendar inside an American merger timetable.
The Commons adjourned for the summer on July 16 without a decision on formal intervention. It returns on September 1 and rises again for the conference recess in the middle of that month.
Paramount’s ticking consideration begins accruing after September 30. The body that would need to approve Britain’s new legal test is therefore largely unavailable until around the point the meter starts.
The Deal’s Regulatory Clock Is TickingFebruary 27, 2026: Paramount and Warner Bros. Discovery sign a $31-per-share cash agreement valuing WBD at about $110 billion including debt.
June 12: The Justice Department closes its investigation without challenging the transaction.
June 30: Britain’s culture secretary signals possible intervention on news plurality and on-demand services.
July 13: California and eleven other states sue to block the acquisition.
July 16: The House of Commons begins its summer recess without a formal intervention decision.
July 20: A federal court temporarily restrains the transaction over concerns about theatrical distribution.
July 22: The European Commission clears the deal on condition that Paramount exits its European distribution venture with Universal.
July 24: Paramount agrees not to close until five days after a ruling on the merits, or June 1, 2027, whichever comes first.
September 1: The House of Commons returns, shortly before another recess interrupts the British review timetable.
After September 30: Additional consideration begins accruing at roughly $7 million a day until the transaction closes.
June 1, 2027: The agreed standstill reaches its outer limit unless the litigation is resolved earlier.
One Narrow Market Can End A Global DealThe precedent for what a single jurisdiction can do is three weeks old. The proposed merger of Getty Images and Shutterstock cleared U.S. review.
The Competition and Markets Authority found no problem in stock imagery, reasoning that generative AI had already made that market fiercely contested, but did find one in editorial content supplied to British media outlets, and cleared the $3.7 billion deal only on condition that Shutterstock sold that business.
Getty’s board declined. The merger was terminated on July 7. The CMA’s inquiry chair called the outcome "ultimately a commercial choice."
One narrow market in one country ended a global transaction.
The Ellisons can guarantee the money. Paramount can promise films, investment and jobs. Warner can make the wait expensive for Paramount. What none of them can do is make four legal systems agree on what kind of company is being bought.
Baker Hughes ve 2. čtvrtletí zvýšil objednávky na 10,5 miliardy USD a upravený zisk před úroky, daněmi a odpisy (EBITDA) na 1,231 miliardy USD, přičemž IET dosáhl rekordního RPO 37,1 miliardy USD.
Orders of $10.5 billion, including $7.1 billion of IET orders. RPO of $40.1 billion, including record IET RPO of $37.1 billion.Revenue of $6.7 billion.Attributable net income of $681 million.GAAP diluted EPS of $0.68 and adjusted diluted EPS* of $0.64.Adjusted EBITDA* of $1,231 million.Cash flows from operating activities of $1,345 million and free cash flow* of $1,109 million. HOUSTON and LONDON, July 26, 2026 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) ("Baker Hughes" or the "Company") announced results today for the second quarter of 2026.
"Baker Hughes delivered another strong quarter, reflecting the breadth of our portfolio and continued momentum across data center, gas infrastructure, and upstream markets. Disciplined execution and our ability to effectively navigate ongoing Middle East challenges contributed to Adjusted EBITDA exceeding the high end of our guidance range. Looking ahead, favorable underlying fundamentals support our confidence in achieving the midpoint of our full-year guidance as we continue to manage through the Middle East uncertainty."
"IET delivered another exceptional quarter of orders, with record bookings doubling year-over-year to $7.1 billion and backlog increasing 19% to a new all-time high. The strength was driven by robust demand across Power Systems and LNG, with particularly strong momentum in power generation. Given broadening customer demand, a growing pipeline across industrial and energy infrastructure markets, and our decision to further expand capacity, we are raising our full-year IET order guidance and increasing our Horizon 2(1) IET orders outlook to more than $45 billion."
"OFSE delivered an impressive quarter, with EBITDA exceeding the high end of our guidance range despite a complex operating environment. Increased activity and higher product shipments late in the quarter in the Middle East, along with solid performance in North America land and Latin America, drove the upside and demonstrated the resilience and durability of our portfolio despite higher inflationary costs."
"Our second-quarter performance further reinforces confidence in Baker Hughes’ strategic direction. Energy security and rising power demand are driving investment across both energy and industrial value chains, and our expanding portfolio is increasingly aligned with the most attractive growth opportunities across our core end markets."
"The successful closing of the Chart acquisition marks a major milestone in our evolution as a leading industrialized energy solutions company. Chart enhances our capabilities in thermal management, air and gas handling, compression and lifecycle services, while expanding our reach across attractive core and adjacent markets. The addition of Chart further advances our portfolio, broadens our growth opportunities, and enhances our ability to create long-term value for customers and shareholders. We are pleased to welcome Chart’s employees to Baker Hughes and look forward to their contributions as part of our team," concluded Simonelli.
(1) Horizon 2 represents 2026-2028.
* Non-GAAP measure. See reconciliations in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures."
Three Months Ended Variance(in millions except per share amounts)June 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearOrders$10,501$8,159$7,032 29%49%Revenue 6,742 6,587 6,910 2%(2%)Net income attributable to Baker Hughes 681 930 701 (27%)(3%)Adjusted net income attributable to Baker Hughes* 640 573 623 12%3%Adjusted EBITDA* 1,231 1,158 1,212 6%2%Diluted earnings per share (EPS) 0.68 0.93 0.71 (27%)(3%)Adjusted diluted EPS* 0.64 0.58 0.63 12%2%Cash flow from operating activities 1,345 500 510 FFFree cash flow* 1,109 210 239 FF * Non-GAAP measure. See reconciliations in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures."
Certain columns and rows in our tables and financial statements may not sum up due to the use of rounded numbers.
"F" is used in the above table when variance is above 100%. Additionally, "U" is used when variance is below (100)%.
Quarter Highlights
Executing our portfolio management strategy
Announced the sale of Waygate Technologies to Hexagon, in an all-cash transaction for approximately $1.45 billion, before customary closing adjustments.In July, completed the previously announced purchase of Chart Industries, Inc. (NYSE: GTLS) in an all-cash transaction. The acquisition enhances Baker Hughes' portfolio with highly complementary technologies and expands exposure to attractive industrial and energy markets, while increasing the Company's installed base and recurring aftermarket opportunities.
Key awards and technology achievements
Leveraging enterprise-wide capabilities
Advanced large-scale geothermal development in North America through a commercial agreement with Mantle Reach Power, a dedicated geothermal development company backed by EnCap Energy Transition Fund III. With the goal to install up to 500 megawatts of power in the next five years, the Company will act as an integrated subsurface solution provider, and Mantle Reach Power will lead project development, ownership and financing. Industrial & Energy Technology
Industrial & Energy Technology (“IET”) secured important awards and agreements across diverse end markets and capabilities.
Received a major Venture Global award to provide six liquefied natural gas (LNG) blocks, for a total of 12 liquefaction modules. Each block is based on two single mixed-refrigerant (SMR) liquefaction modules and related compression trains featuring Baker Hughes' advanced centrifugal compressor technology, as well as cold boxes, air coolers and integrated control systems, building on the successful track record of delivering critical energy infrastructure in Louisiana.Secured substantial awards from Cheniere and Bechtel that highlight Baker Hughes’ full-lifecycle LNG capabilities, including liquefaction equipment for Sabine Pass Train 7, as well as a boil-off gas re-liquefaction unit and fleet-wide gas turbine upgrades across the facility. The awards are expected to support approximately 6 MTPA of additional LNG production capacity.Strengthened its position in floating LNG through a significant award from Golar to supply four PGT25 gas turbine-driven refrigerant compressor trains for a 3.5 MTPA floating LNG facility, marking the fourth Golar vessel to utilize Baker Hughes' liquefaction solutions.Extended a significant, multi-year services agreement with Nigeria LNG to enhance the reliability and efficiency of the project's critical Train 7 turbomachinery equipment.Received a major award from Dynamis Power Solutions, including 76 NovaLT™16 gas turbines, for approximately 1.3 GW of capacity for its hypermobile power solutions for a wide range of data center and oil & gas applications in North America.Signed a multi-year strategic agreement with Kodiak Gas Services, including an initial major award supporting 1 GW of power generation capacity and a broader framework providing a pathway for up to 1.8 GW over time. The initial order leverages Baker Hughes' NovaLT™16, Frame 5 and BRUSH™ Power Generation generator technologies to meet accelerating power demand from data centers and energy infrastructure projects across North America.Awarded significant order to enable improved recovery, sustained production levels, and extension of field life in a mature offshore field in the Middle East. The scope includes nine electric motor-driven compressor trains for gas injection, gas lift, and boosting applications.Received a significant award from Saipem Nasser Saeed Al-Hajri Contracting Company (SNSH), a JV between Saipem and NSH in KSA, following a Novation Agreement with Aramco. The contract covers the supply of compression solutions for Aramco's Uthmaniyah conventional gas wells, supporting production optimization and enhanced recovery to extend the life of the field. The scope includes five electric motor-driven centrifugal compressor trains, together with associated balance-of-plant and auxiliary systems.Continued expanding IET’s presence into new markets, securing RINA certification for its fuel-flexible NovaLT™16 for maritime propulsion applications, specifically to operate on natural gas and up to 100% hydrogen to support maritime decarbonization.Grew digital solutions globally across a mix of software, hardware and services awards, leveraging the Company's Cordant™ Solutions portfolio to deploy asset performance software, analytics, and monitoring technologies through agreements with SINOPEC, Petrobras, and KNPC (formerly KIPIC) to enhance asset visibility and optimize operational performance. In addition, the Company secured a multi-year preferred supplier agreement with a global OEM to include vibration, sensing, condition monitoring, asset health software and services ─ supporting broader deployment across both new build and retrofit projects while driving greater standardization of asset protection and monitoring technologies.
Oilfield Services & Equipment
Oilfield Services & Equipment (“OFSE”) secured strategic orders and agreements across key product lines and geographies.
Expanded the Company’s Norwegian presence and relationship with Equinor, strengthening North Sea capabilities. The Company inaugurated a new subsea manufacturing facility in Dusavik and announced two significant contract extensions for integrated drilling and well services solutions, as well as wireline intervention services.Secured a major contract extension and expansion with Petrobras for integrated well construction solutions across Brazil’s Santos Basin. The agreement builds on a 2024 well construction services award, further expanding the scope and impact of Baker Hughes’ integrated drilling solutions in the region.Signed significant contracts for wireline services with Oil and Natural Gas Corporation of India, to provide up to 46 advanced wireline units and integrated drill stem testing kits that will help improve reservoir insight, optimize production and support more efficient field development in offshore and onshore oil & gas fields.Secured a key milestone award for Leucipa™, marking its first deployment outside of the oil & gas sector. By integrating Baker Hughes’ ESP technology with the Leucipa™ digital optimization platform, the solution will support a geothermal and lithium extraction development in Europe through real-time monitoring, operational insights and performance optimization.Signed a strategic collaboration agreement with Helmerich & Payne, Inc. to support geothermal exploration and development in the United States. The companies will provide customers earlier access to dedicated rig capacity, reducing execution risk and allowing greater efficiency to move from project evaluation to development.Received a substantial subsea production systems contract from Azule Energy to support ultra-deepwater, greenfield development offshore Angola. Baker Hughes will manufacture and supply horizontal tree systems to enable safe, reliable and efficient production.Won a significant contract from McDermott to deliver integrated subsea systems for a natural gas development project offshore Brunei Darussalam. The scope includes six trees, controls, services, and subsea wellheads.
Consolidated Financial Results
Revenue for the quarter was $6,742 million, an increase of $155 million, or 2% sequentially, and down $168 million, or 2% year-over-year. The decrease in revenue year-over-year was mainly driven by the impact of the Precision Sensors & Instrumentation (“PSI”) and Surface Pressure Control (“SPC”) dispositions.
The Company's total book-to-bill ratio in the second quarter of 2026 was 1.6; the IET book-to-bill ratio was 2.2.
Net income, as determined in accordance with generally accepted accounting principles in the United States ("GAAP") for the second quarter of 2026, was $681 million. Net income decreased $249 million, or 27% sequentially, and decreased $20 million, or 3% year-over-year.
Adjusted net income (a non-GAAP financial measure) for the second quarter of 2026 was $640 million, which excludes adjustments totaling $41 million. A list of the adjusting items and associated reconciliation from GAAP has been provided in Table 1b in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures." Adjusted net income for the second quarter of 2026 was up $67 million, or 12% sequentially, and up $17 million, or 3% year-over-year.
Depreciation and amortization for the second quarter of 2026 was $333 million.
Adjusted EBITDA (a non-GAAP financial measure) for the second quarter of 2026 was $1,231 million, which excludes adjustments totaling $60 million. See Table 1a in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures." Adjusted EBITDA for the second quarter was up $73 million, or 6% sequentially, and up $19 million, or 2% year-over-year.
The sequential increase in adjusted net income and Adjusted EBITDA was primarily driven by higher volume, price, productivity, FX, and cost-out initiatives, partially offset by inflation.
The year-over-year increase in adjusted net income and Adjusted EBITDA was primarily driven by productivity, price, cost-out initiatives, and FX, partially offset by inflation, lower volume, change in business mix, and the PSI and SPC dispositions.
Other Financial Items
Remaining Performance Obligations ("RPO") in the second quarter of 2026 ended at $40.1 billion, an increase of $4.0 billion from the first quarter of 2026. OFSE RPO was $3.0 billion, remained flat sequentially, while IET RPO was $37.1 billion, up $4.0 billion sequentially. Within IET RPO, Gas Technology Equipment and Gas Technology Services were $15.0 billion and $16.7 billion, respectively.
Income tax expense in the second quarter of 2026 was $210 million.
Other (income) expense, net in the second quarter of 2026 was $(104) million, primarily related to a net gain of $125 million from the change in fair value of equity securities, partially offset by transaction related costs of $30 million incurred in connection with business disposals and acquisitions, and $24 million working capital adjustments related to business dispositions.
GAAP diluted earnings per share was $0.68 for the second quarter of 2026. Adjusted diluted earnings per share (a non-GAAP financial measure) was $0.64. Excluded from adjusted diluted earnings per share were all items listed in Table 1b in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures."
Cash flow from operating activities was $1,345 million for the second quarter of 2026. Free cash flow (a non-GAAP financial measure) for the quarter was $1,109 million. A reconciliation from GAAP has been provided in Table 1c in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures."
Capital expenditures, net of proceeds from disposal of assets, were $236 million for the second quarter of 2026, of which $135 million was for OFSE and $85 million was for IET.
Results by Reporting Segment
The following segment discussions and variance explanations are intended to reflect management's view of the relevant comparisons of financial results on a sequential or year-over-year basis, depending on the business dynamics of the reporting segments.
Oilfield Services & Equipment
(in millions)Three Months Ended VarianceSegment resultsJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearOrders$3,413 $3,272 $3,503 4%(3%)Revenue$3,451 $3,237 $3,617 7%(5%)EBITDA$605 $565 $677 7%(11%)EBITDA margin 17.5% 17.4% 18.7% 0.1pts-1.2pts (in millions)Three Months Ended VarianceRevenue by Product LineJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearWell Construction$899$843$921 7%(2%)Completions, Intervention, and Measurements 944 883 935 7%1%Production Solutions 930 898 968 4%(4%)Subsea & Surface Pressure Systems 678 613 793 11%(14%)Total Revenue$3,451$3,237$3,617 7%(5%) (in millions)Three Months Ended VarianceRevenue by Geographic RegionJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearNorth America$933$927$928 1%1%Latin America 732 600 639 22%15%Europe/CIS/Sub-Saharan Africa 568 558 653 2%(13%)Middle East/Asia 1,218 1,152 1,398 6%(13%)Total Revenue$3,451$3,237$3,617 7%(5%) North America$933$927$928 1%1%International$2,518$2,310$2,689 9%(6%) EBITDA excludes depreciation and amortization of $266 million, $278 million, and $233 million for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively. EBITDA margin is defined as EBITDA divided by revenue.
"F" is used in the above table when variance is above 100%. Additionally, "U" is used when variance is below (100)%.
OFSE orders of $3,413 million for the second quarter of 2026 increased by $141 million, or 4% sequentially. Subsea and Surface Pressure Systems orders were $667 million, up $17 million, or 3% sequentially, and down $31 million, or 4% year-over-year.
OFSE revenue of $3,451 million for the second quarter of 2026 was up $214 million, or 7% sequentially, and down $166 million, or 5% year-over-year. The year-over-year decrease was driven mainly by the impact of the SPC disposition and disruptions in the Middle East, offset by the benefit of FX in Latin America.
North America revenue was $933 million, up $5 million, or 1% sequentially. International revenue was $2,518 million, up $208 million, or 9% sequentially, with an increase in Latin America, Middle East/Asia, and Europe/CIS/Sub-Saharan Africa.
Segment EBITDA for the second quarter of 2026 was $605 million, an increase of $40 million, or 7% sequentially. The sequential increase in EBITDA was a result of higher volume, price, cost-out initiatives, and FX, partially offset by inflation, productivity, and a change in business mix.
Industrial & Energy Technology
(in millions)Three Months Ended VarianceSegment resultsJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearOrders$7,088 $4,887 $3,530 45%FRevenue$3,291 $3,350 $3,293 (2%)—%EBITDA$678 $678 $585 —%16%EBITDA margin 20.6% 20.2% 17.8% 0.3pts2.8pts (in millions)Three Months Ended VarianceOrders by Product LineJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearGas Technology Equipment$4,913$1,824$781 FFGas Technology Services 1,314 973 986 35%33%Total Gas Technology 6,227 2,797 1,767 FFIndustrial Products 533 604 513 (12%)4%Industrial Solutions 274 229 327 20%(16%)Total Industrial Technology 807 833 839 (3%)(4%)Climate Technology Solutions 54 1,257 923 (96%)(94%)Total Orders$7,088$4,887$3,530 45%F (in millions)Three Months Ended VarianceRevenue by Product LineJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearGas Technology Equipment$1,524$1,665$1,624 (9%)(6%)Gas Technology Services 831 791 752 5%11%Total Gas Technology 2,355 2,456 2,377 (4%)(1%)Industrial Products 549 491 488 12%13%Industrial Solutions 182 185 273 (2%)(33%)Total Industrial Technology 731 676 761 8%(4%)Climate Technology Solutions 205 218 156 (6%)31%Total Revenue$3,291$3,350$3,293 (2%)—% EBITDA excludes depreciation and amortization of $60 million, $69 million, and $56 million for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively. EBITDA margin is defined as EBITDA divided by revenue.
"F" is used in the above table when variance is above 100%. Additionally, "U" is used when variance is below (100)%.
IET orders of $7,088 million for the second quarter of 2026 increased by $3,558 million, or 101% year-over-year. The increase was driven by continued strength in Gas Technology Equipment and Gas Technology Services.
IET revenue of $3,291 million for the second quarter of 2026 remained flat year-over-year, with decreases in Gas Technology Equipment and Industrial Solutions driven by the PSI disposition, offset by increases in all other product lines.
Segment EBITDA for the quarter was $678 million, an increase of $93 million, or 16% year-over-year. The year-over-year increase in segment EBITDA was driven by price, productivity, cost-out initiatives, and FX, partially offset by lower volume and inflation.
Reconciliation of GAAP to non-GAAP Financial Measures
Management provides non-GAAP financial measures because it believes such measures are widely accepted financial indicators used by investors and analysts to analyze and compare companies on the basis of operating performance (including adjusted EBITDA; adjusted net income attributable to Baker Hughes; and adjusted diluted earnings per share) and liquidity (free cash flow) and that these measures may be used by investors to make informed investment decisions. Management believes that the exclusion of certain identified items from several key operating performance measures enables us to evaluate our operations more effectively, to identify underlying trends in the business, and to establish operational goals for certain management compensation purposes. Management also believes that free cash flow is an important supplemental measure of our cash performance but should not be considered as a measure of residual cash flow available for discretionary purposes, or as an alternative to cash flow from operating activities presented in accordance with GAAP.
Table 1a. Reconciliation of Net Income Attributable to Baker Hughes to Adjusted EBITDA and Segment EBITDA
Three Months Ended(in millions)June 30, 2026March 31, 2026June 30, 2025Net income attributable to Baker Hughes (GAAP)$681 $930 $701 Net income attributable to noncontrolling interests 1 8 10 Provision for income taxes 210 336 256 Interest expense, net 66 86 54 Depreciation & amortization 333 354 293 Restructuring 11 37 — Inventory impairment — 2 — Gain (loss) on business dispositions(1) 24 (721) — Change in fair value of equity securities(1) (125) 50 (119)Transaction related costs(1) 30 28 — Other charges and credits(1) 48 17 Adjusted EBITDA (non-GAAP) 1,231 1,158 1,212 Corporate costs 82 74 78 Other (income) / expense not allocated to segments (30) 11 (28)Total Segment EBITDA (non-GAAP)$1,283 $1,243 $1,262 OFSE 605 565 677 IET 678 678 585 (1) The gain on business dispositions, change in fair value of equity securities, transaction related costs, and other charges and credits are reported in "Other (income) expense, net" on the condensed consolidated statements of income (loss).
Table 1a reconciles net income attributable to Baker Hughes, which is the most directly comparable financial result determined in accordance with GAAP, to adjusted EBITDA and Segment EBITDA. Adjusted EBITDA and Segment EBITDA exclude the impact of certain identified items.
Table 1b. Reconciliation of Net Income Attributable to Baker Hughes to Adjusted Net Income Attributable to Baker Hughes
Three Months Ended(in millions, except per share amounts)June 30, 2026March 31, 2026June 30, 2025Net income attributable to Baker Hughes (GAAP)$681 $930 $701 Restructuring 11 37 — Inventory impairment — 2 — (Gain) loss on business dispositions 24 (721) — Change in fair value of equity securities (125) 50 (119)Transaction related costs(1) 30 72 — Other adjustments — 48 17 Tax adjustments 19 155 24 Total adjustments, net of income tax (41) (357) (78)Less: adjustments attributable to noncontrolling interests — — — Adjustments attributable to Baker Hughes (41) (357) (78)Adjusted net income attributable to Baker Hughes (non-GAAP)$640 $573 $623 Denominator: Weighted-average shares of Class A common stock outstanding diluted 997 996 991 Earnings per share - diluted (GAAP)$0.68 $0.93 $0.71 Total adjustments per share, net of income tax (0.04) (0.35) (0.08)Adjusted earnings per share - diluted (non-GAAP)$0.64 $0.58 $0.63 (1) For the period ending March 31, 2026, transaction related costs included $43 million of interest expense fees related to the Bridge Facility.
Table 1b reconciles net income attributable to Baker Hughes, which is the most directly comparable financial result determined in accordance with GAAP, to adjusted net income attributable to Baker Hughes. Adjusted net income attributable to Baker Hughes excludes the impact of certain identified items.
Table 1c. Reconciliation of Net Cash Flows from Operating Activities to Free Cash Flow
Three Months Ended(in millions)June 30, 2026March 31, 2026June 30, 2025Net cash flows from operating activities (GAAP)$1,345 $500 $510 Add: cash used for capital expenditures, net of proceeds from disposal of assets (236) (290) (271)Free cash flow (non-GAAP)$1,109 $210 $239 Table 1c reconciles net cash flows from operating activities, which is the most directly comparable financial result determined in accordance with GAAP, to free cash flow. Free cash flow is defined as net cash flows from operating activities less expenditures for capital assets plus proceeds from disposal of assets.
Financial Tables (GAAP)
Condensed Consolidated Statements of Income
(Unaudited)
Three Months Ended June 30,Six Months Ended June 30,(In millions, except per share amounts) 2026 2025 2026 2025 Revenue$6,742 $6,910 $13,329 $13,337 Costs and expenses: Cost of revenue 5,165 5,295 10,246 10,247 Selling, general and administrative 569 567 1,131 1,144 Research and development costs 143 161 277 307 Restructuring 11 — 50 — Other (income) expense, net (104) (134) (691) 6 Interest expense, net 66 54 151 105 Income before income taxes 892 967 2,165 1,528 Provision for income taxes (210) (256) (545) (408)Net income 682 711 1,620 1,120 Less: Net income attributable to noncontrolling interests 1 10 9 17 Net income attributable to Baker Hughes Company$681 $701 $1,611 $1,103 Per share amounts: Basic income per Class A common stock$0.69 $0.71 $1.63 $1.11 Diluted income per Class A common stock$0.68 $0.71 $1.62 $1.11 Weighted average shares: Class A basic 992 988 991 990 Class A diluted 997 991 996 995 Cash dividend per Class A common stock$0.23 $0.23 $0.46 $0.46 Condensed Consolidated Statements of Financial Position
(Unaudited)
(In millions)June 30, 2026December 31, 2025ASSETSCurrent Assets: Cash and cash equivalents$15,727$3,715Current receivables, net 6,654 6,641Inventories, net 4,961 4,954All other current assets 3,241 3,518Total current assets 30,583 18,828Property, plant and equipment, less accumulated depreciation 5,540 5,326Goodwill 5,566 6,068Other intangible assets, net 3,997 4,097Contract and other deferred assets 1,947 1,620All other assets 4,987 4,942Total assets$52,620$40,881LIABILITIES AND EQUITYCurrent Liabilities: Accounts payable$4,509$4,579Short-term debt 774 689Progress collections and deferred income 6,598 5,904All other current liabilities 2,718 2,705Total current liabilities 14,599 13,877Long-term debt 15,479 5,398Liabilities for pensions and other postretirement benefits 959 1,066All other liabilities 1,499 1,530Equity 20,084 19,010Total liabilities and equity$52,620$40,881 Outstanding Baker Hughes Company shares: Class A common stock 992 987 Condensed Consolidated Statements of Cash Flows
(Unaudited)
Three Months Ended June 30,Six Months Ended June 30,(In millions) 2026 2026 2025 Cash flows from operating activities: Net income$682 $1,620 $1,120 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation and amortization 333 687 579 Stock-based compensation cost 57 102 102 Change in fair value of equity securities (125) (75) 21 (Gain) loss on business dispositions 24 (697) — (Benefit) provision for deferred income taxes (166) 58 (17)Working capital 523 350 98 Other operating items, net 17 (200) (684)Net cash flows provided by operating activities 1,345 1,845 1,219 Cash flows from investing activities: Expenditures for capital assets (300) (636) (601)Proceeds from disposal of assets 64 110 74 Proceeds from business dispositions — 1,381 — Other investing items, net 72 19 (69)Net cash flows provided by (used in) investing activities (164) 874 (596)Cash flows from financing activities: Proceeds from issuance of long-term debt — 9,885 — Dividends paid (228) (456) (456)Repurchase of Class A common stock — — (384)Other financing items, net (8) (142) (105)Net cash flows provided by (used in) financing activities (236) 9,287 (945)Effect of currency exchange rate changes on cash and cash equivalents 18 6 45 (Decrease) increase in cash and cash equivalents 963 12,012 (277)Cash and cash equivalents, beginning of period 14,764 3,715 3,364 Cash and cash equivalents, end of period$15,727 $15,727 $3,087 Supplemental cash flows disclosures: Income taxes paid, net of refunds$193 $381 $418 Interest paid$181 $237 $148
Supplemental Financial Information
Supplemental financial information can be found on the Company's website at: investors.bakerhughes.com in the Financial Information section under Quarterly Results.
Conference Call and Webcast
The Company has scheduled an investor conference call to discuss management's outlook and the results reported in today's earnings announcement. The call will begin at 9:30 a.m. Eastern time, 8:30 a.m. Central time on Monday, July 27, 2026, the content of which is not part of this earnings release. The conference call will be broadcast live via a webcast and can be accessed by visiting the Events and Presentations page on the Company's website at: investors.bakerhughes.com. An archived version of the webcast will be available on the website for one month following the webcast.
Forward-Looking Statements
This news release (and oral statements made regarding the subjects of this release) may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, (each a "forward-looking statement"). Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words "may," "will," "should," "potential," "intend," "expect," "would," "seek," "anticipate," "estimate," "overestimate," "underestimate," "believe," "could," "project," "predict," "continue," "target," "goal" or other similar words or expressions. There are many risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. These forward-looking statements are also affected by the risk factors described in the Company's annual report on Form 10-K for the annual period ended December 31, 2025 and those set forth from time to time in other filings with the Securities and Exchange Commission ("SEC"). The documents are available through the Company's website at: https://investors.bakerhughes.com or through the SEC's Electronic Data Gathering and Analysis Retrieval system at: www.sec.gov. We undertake no obligation to publicly update or revise any forward-looking statement, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
Our expectations regarding our business outlook and business plans; the business plans of our customers; oil and natural gas market conditions; cost and availability of resources; economic, legal and regulatory conditions, and other matters are only our forecasts regarding these matters.
These forward-looking statements, including forecasts, may be substantially different from actual results, which are affected by many risks, along with the following risk factors and the timing of any of these risk factors:
Economic and political conditions - the impact of worldwide economic conditions; the impact of inflation and interest rates; the impact of tariffs, including the potential for significant increases in tariffs and changes in global trade policy that could affect supply chain costs, pricing, and customer demand; the effect that declines in credit availability may have on worldwide economic growth and demand for hydrocarbons; foreign currency exchange fluctuations and changes in the capital markets in locations where we operate; and the impact of government disruptions and sanctions.Orders and RPO - our ability to execute on orders and RPO in accordance with agreed specifications, terms and conditions and convert those orders and RPO to revenue and cash.Oil and gas market conditions - the level of petroleum industry exploration, development and production expenditures; the price of, volatility in pricing of, and the demand for crude oil and natural gas; drilling activity; drilling permits for and regulation of the shelf and the deepwater drilling; excess productive capacity; crude and product inventories; LNG supply and demand; seasonal and other adverse weather conditions that affect the demand for energy; severe weather conditions, such as tornadoes and hurricanes, that affect exploration and production activities; Organization of Petroleum Exporting Countries ("OPEC") policy and the adherence by OPEC nations to their OPEC production quotas.Terrorism and geopolitical risks - war, military action, terrorist activities or extended periods of international conflict, particularly involving any petroleum-producing or consuming regions, including Russia and Ukraine; and the recent conflict in the Middle East and the associated impact to the Strait of Hormuz; labor disruptions, civil unrest or security conditions where we operate; potentially burdensome taxation; expropriation of assets by governmental action; cybersecurity risks and cyber incidents or attacks; epidemic outbreaks.
About Baker Hughes:
Baker Hughes (Nasdaq: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward - making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
WEMIX is back in uncomfortable territory. The South Korean blockchain gaming platform is investigating a potential security breach involving the ownership of its WEMIX$ stablecoin contract, raising fresh questions about the security posture of an ecosystem that was already working to rebuild trust after a damaging incident earlier this year.
The investigation was disclosed on July 26, 2026. No confirmed details about the scope or impact of the breach have emerged yet.
What is WEMIX$ and why does it matter WEMIX$ is a stablecoin that runs on the WEMIX3.0 mainnet, fully collateralized by USDC. It keeps transactions stable and predictable for players and protocol users who don’t want exposure to the volatility of WEMIX itself.
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Wemade had already announced plans to transition away from WEMIX$ on WEMIX PLAY toward USDC.e, suggesting the stablecoin was already on a sunset track.
A platform still recovering from its last breach In February 2025, attackers drained approximately 8.65 million WEMIX tokens from the Play Bridge Vault, a haul worth roughly $6.1 to $6.2 million at the time. The breach was traced back to compromised authentication keys connected to the NILE NFT monitoring system.
WEMIX CEO Kim Seok-hwan had to publicly address allegations that the company attempted to downplay or cover up the incident.
The February 2025 hack was attributed to compromised authentication keys, not a smart contract vulnerability. If the current WEMIX$ incident turns out to involve contract ownership, that represents a different attack surface entirely.
Recent momentum, suddenly complicated On July 1, WEMIX completed its second halving event. On July 8, WEMIX was listed for spot trading on Kraken. Around the same time, the platform announced integration of Chainlink’s Cross-Chain Interoperability Protocol, or CCIP, designed to improve token transfers across different blockchains.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Just a few weeks ago, CoreWeave (CRWV -11.58%) looked unstoppable.
The neocloud provider had become one of Wall Street's hottest stocks, riding the wave of excitement generated by artificial intelligence. Investors were captivated by its explosive revenue growth, massive backlog of customer contracts, and strategic partnerships with some of the biggest names in AI.
Then, almost as quickly as it climbed, the stock tumbled. As of mid-afternoon Friday, CoreWeave had lost 30% of its market capitalization in just one month, leaving many investors wondering whether something has gone seriously wrong.
The answer is both yes and no.
Image source: Getty Images.
Investors are starting to ask tougher questions For much of the past year, investors focused on one question: Can CoreWeave grow fast enough?
The answer appeared to be yes. The company signed enormous contracts with clients, expanded aggressively, and established itself as one of the leading independent providers of AI cloud computing infrastructure. In the first quarter of 2026, revenue more than doubled year over year to $2.1 billion, while revenue backlog almost tripled to about $100 billion.
Yet despite the impressive performance, Wall Street is asking a very different question today: Can CoreWeave become a highly profitable business despite spending tens of billions of dollars on its infrastructure?
That distinction may sound subtle, but it changes everything. Growing quickly is impressive. Growing profitably in one of the most capital-intensive industries on Earth is much harder. Under generally accepted accounting principles (GAAP), CoreWeave remained loss-making in Q1 despite its massive contract wins. The only silver lining in the quarterly report it delivered on May 7 was that its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and adjusted operating income came in positive.
In short, investors are focused on whether CoreWeave will report GAAP profits in the near future.
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Meta may have changed the competitive landscape One of the biggest catalysts behind the stock's recent sell-off was a report that Meta Platforms is exploring leasing out some of its artificial intelligence computing infrastructure to external customers.
At first glance, that might not sound like bad news. After all, demand for AI computing capacity continues to surge.
But investors immediately see a much bigger implication over the long run. Meta isn't just one of the world's largest AI companies. It could also become one of the world's largest suppliers of AI computing capacity.
That shines a spotlight on an uncomfortable scenario. The largest customers of neoclouds like CoreWeave today could become its biggest competitors tomorrow. Whether Meta ultimately succeeds isn't the point.
In short, the market now views it as more probable that the AI infrastructure space will become more competitive over time, which would reduce the pricing power of independent compute providers like CoreWeave.
Expectations were probably too high to start with Sometimes, a stock falls not because the business deteriorates, but because the expectations baked into its price become impossible for the company to satisfy. That appears to be part of CoreWeave's recent share price decline.
To put it into perspective, the stock now trades at a price-to-sales (P/S) ratio of 5.9 -- and that's after the stock price collapsed from its 52-week high of $153 to around $74 as of mid-afternoon Friday. Amazon, despite owning the largest cloud computing business globally, trades at a P/S ratio of 3.4.
In other words, investors weren't just valuing CoreWeave like a fast-growing cloud provider. They were valuing it as one of the defining winners of the AI revolution.
When expectations reach those levels, almost any uncertainty -- such as a potential new competitor or concerns over long-term profitability -- can trigger a sharp correction.
None of these developments, individually, fundamentally changes CoreWeave's business. Together, however, they have created enough uncertainty to drive investors to reassess how much they're willing to pay for the stock.
What does it mean for investors? When a stock falls by more than 50% from its 52-week high, it naturally raises concerns among shareholders.
But let's put things into perspective. If you expected CoreWeave's stock to rise continuously in a straight line, that's likely unrealistic. Long-term investors should focus on a different question: Has the long-term investment thesis changed?
So far, the answer appears to be no. AI infrastructure demand continues to grow. CoreWeave remains deeply integrated with leading AI developers, and the company still has a substantial runway for expansion if management executes well.
What has changed is the need for a margin for error. Investors are no longer rewarding growth at any cost. What they want now is proof that CoreWeave can transform extraordinary demand for its services into a durable, profitable business.
The company's ability to provide that proof may ultimately determine where the stock goes over the next few years.
Apple odložil plán uvedení svých prvních chytrých brýlí na červen 2027 a jejich prodej až na konec roku. Firma chce zdůraznit soukromí, včetně zpracování přímo v zařízení a bez rozpoznávání obličeje.
As Apple prepares to launch its first smart glasses, the company is also wrestling with how to address consumer privacy concerns, according to Bloomberg’s Mark Gurman.
Gurman reports that Apple has pushed back the launch target from early 2027, with the glasses now set for unveiling at the Worldwide Developers Conference in June 2027 and actually becoming available by the end of the year. That delay allows Apple to work on the product itself, and on the messaging around privacy.
It sounds like the company has noticed the concerns around Meta’s smart glasses — sometimes decried as “pervert glasses” — being used to make non-consensual video recordings. That could be a bigger issue for Apple, which constantly emphasizes privacy in its marketing.
Among other things, Apple will reportedly try to emphasize privacy-friendly features like on-device processing, as well as the absence of facial recognition. The company will likely steer clear of using customer recordings to train AI models, and it’s unlikely to follow Meta’s reported practice of using contractors to review customer footage.
Tesla (TSLA -2.14%) plunged by 14% after releasing its second-quarter earnings, but that dip may just be the beginning. The company has physical artificial intelligence (AI) products in the pipeline, with Optimus robots being a future catalyst, but Tesla still relies heavily on automobile sales and has the profit margins of an automaker.
Image source: Getty Images.
Rising capital expenditures without rising profits Elon Musk told investors to expect a "massive capex year" in 2026, while Tesla CFO Vaibhav Taneja anticipates capital expenditures (capex) growing for "the next two or three years."
It's the cost of doing business as tech companies scramble to throw capital at AI opportunities, but Tesla hasn't boosted profits for all of that spend. Alphabet (GOOG +0.21%) (GOOGL +0.58%) reported higher operating income, even with higher AI expenditures, and that has been a common pattern among the largest tech companies.
Tesla's operating income dropped by 57% year over year, and the company had only a 1.4% operating margin. Electric vehicles still make up a large portion of total revenue, more than 70%. Automobiles are a low-margin business, and Tesla's rising capital expenditures guarantee that its margins will be under more pressure for multiple years.
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Assessing the valuation Tesla trades at almost a 300 price-to-earnings (P/E) ratio, even after the recent dip. If you treat it like a pure-play automobile stock, that valuation needs to drop a lot before Tesla reaches fair value.
Bulls have rightly argued that it's not just an automobile stock. The high capital expenditures are going toward Robotaxis and Optimus robots. These are moonshot opportunities that can help justify the current valuation, but for now, they have zero impact on Tesla's business.
A quote from Elon Musk perfectly sums up the opportunities and risks associated with Tesla stock: "I'm confident that all the things that we're investing in will yield incredible returns," Musk said during the call.
Investors are holding on to shares because they believe robotaxis and robots will fuel the next megacycle. However, there are several questions that the current valuation does not account for.
How long will it take for these opportunities to become commercialized? Will Tesla get a large market share with these innovations or gradually lose ground, as has been the case for its electric vehicles? Will demand be strong enough to justify Tesla's current market cap?
These questions show plenty of uncertainty and business execution risk. Elon Musk previously predicted its Robotaxis would be available to half the U.S. population by the end of 2025, which did not materialize. These initiatives may eventually pan out. However, "eventually" isn't a justification for a nearly 300 P/E ratio when most of the money coming in is from electric vehicles and margins are tightening.
Tesla stock needs a deeper dip before it will justify purchasing shares.
United Airlines loni oslovila Delta Air Lines kvůli možné fúzi, ale jednání nepokročila. Spojení dvou největších amerických dopravců by čelilo silné antimonopolní kontrole.
United Airlines reportedly approached Delta Air Lines last year about a potential merger that would have combined two of the largest U.S. carriers.
United CEO Scott Kirby contacted Delta CEO Ed Bastian to pitch the potential tie-up, The Wall Street Journal reported Sunday, citing people familiar with the matter.
According to the outlet, leadership at Delta discussed the proposal and evaluated the potential benefits as part of "preliminary due diligence," but the talks did not advance, and both airlines ultimately moved on.
RYANAIR PASSENGER RECOUNTS BEING PARTLY SUCKED OUT AIRPLANE WINDOW: 'I AM LUCKY'
A United Airlines Boeing 777 lands at Newark Liberty International Airport on Jan. 29, 2026, in Newark, New Jersey. United Airlines reportedly approached Delta Air Lines last year about a potential merger. (Gary Hershorn/Getty Images)
A United spokesperson told FOX Business the airline had "nothing to share." Delta declined to comment.
A merger between United and Delta would have had sweeping implications for the airline industry and likely faced scrutiny from federal antitrust regulators and state attorneys general, according to The Wall Street Journal.
NEW BOEING AIRCRAFT DEVELOPMENT HAMPERED BY BACKLOG OF EXISTING ORDERS, SAYS CEO
A Delta Air Lines Airbus A220-100 approaches John F. Kennedy International Airport with its landing gear down on Nov. 14, 2019, in New York City. United CEO Scott Kirby reportedly contacted Delta CEO Ed Bastian to pitch the potential tie-up. (Nicolas Economou/NurPhoto via Getty Images)
The previously unreported talks come as United works to expand its global reach.
Kirby also reportedly explored a possible merger with American Airlines earlier this year. However, American rejected the proposal, and CEO Robert Isom criticized the idea as "anticompetitive," the WSJ reported.
UNITED TO OFFER TRAVELERS FREE FLIGHT CHANGES TO AVOID LANDING AT TRUMP INTERNATIONAL AIRPORT
United Airlines CEO Scott Kirby speaks at the U.S. Chamber of Commerce’s Global Aerospace Summit in Washington, D.C., on Sept. 9, 2025. Kirby has since downplayed the likelihood that United will pursue a major merger. (Al Drago/Bloomberg via Getty Images)
Stocks In This Article: Kirby has since downplayed the likelihood that United will pursue a major merger.
Last month, Kirby told Reuters that United remained open to buying airport slots, gates and other assets, but said a major consolidation deal was unlikely.
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"I think consolidation is unlikely for United," Kirby said at the International Air Transport Association’s annual meeting in Rio de Janeiro. "That doesn't mean we won't still be in the market to buy assets, but consolidation is a low probability."
Teva letos pokračuje v oživení a za 12 měsíců vzrostla zhruba o 85 % díky posunu od generik ke značkovým lékům. Další růst může přinést duvakitug, který je ve fázi 3 klinických studií.
Year to date, Teva Pharmaceutical Industries (TEVA -1.25%) shares have continued to recover. Thanks to the company's shifting focus from generic to branded drugs, this pharmaceutical stock has surged by around 85% over the past 12 months.
Although Teva may be pulling back lately, don't assume the turnaround rally is over. In addition to success with its initial round of commercially successful branded pharmaceuticals, the company has one key candidate in the pipeline that could be on the verge of becoming a blockbuster drug.
Image source: Getty Images.
Teva's branded drug transformation As seen in Teva's first-quarter 2026 financials, generic drugs now barely make up a majority of the company's overall sales. Meanwhile, branded drugs, particularly recent hits like Austedo, Ajovy, and Uzedy, are experiencing mid-double-digit annual sales growth.
Management expects a drop in earnings per share (EPS), from $2.65 in 2025 to between $1.91 and $2.11 in 2026. However, much of this stems from the initial dilutive effect of Teva's recent acquisition of Emalex Biosciences. Starting next year, the anticipated launch of biosimilars, along with other factors, should contribute to a 30% increase in operating profit and adjusted EBITDA.. Furthermore, another emerging catalyst for Teva could drive the next big leap for shares.
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The duvakitug catalyst Next year, key drivers for the growth rebound include biosimilars, plus incremental sales growth for Teva's aforementioned flagship drugs. However, next year and beyond, duvakitug could be key to the company's further turnaround. The drug, which Teva co-developed with Sanofi, is currently in clinical trials as a treatment for ulcerative colitis and Crohn's disease.
If phase 3 clinical trial results prove as promising as recently released phase 2b findings, this drug could be on the fast track toward commercialization. Management has previously guided for duvakitug to reach between $2 billion and $5 billion in peak annual sales. Considering this, any progress with duvakitug could drive yet another massive rally, especially as the stock sells for less than 10 times estimated 2027 earnings. This strongly suggests taking advantage of near-term weakness by making this stock a long-term buy.
Thomas Niel has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
MercadoLibre vykázal růst tržeb o 49 %, ale provozní zisk klesl o 20 % kvůli vyšším logistickým nákladům a investicím do Mercado Pago. Trh se soustředí na nižší marži, ne na sílu ekosystému.
When MercadoLibre (MELI +0.16%) reported another quarter of strong revenue growth, investors quickly shifted their attention elsewhere:
Operating margin narrowed. Logistics costs increased. Shipping subsidies remained elevated. These became investors' focus instead of the headline growth of 49%.
The market's concern was straightforward: MercadoLibre's growth is becoming more expensive. That's a fair concern, since profitability ultimately determines shareholder returns. But it also raises a more important question:
What if today's margins tell us less about MercadoLibre's future than the strength of its ecosystem?
Long-term investors should care about both.
Image source: Getty Images.
Margins tell you where the business is today There are many ways to analyze a business, of which operating margin is probably one of the easiest to understand and track.
Higher margins usually signal pricing power, operating leverage, or disciplined execution. On the other hand, lower margins often suggest rising competitive pressure or heavier investment.
And that's exactly why MercadoLibre's recent results worried investors. The company lowered free-shipping thresholds in Brazil, expanded its logistics network, and continued investing aggressively in Mercado Pago. Those decisions pushed costs higher and compressed profitability. For perspective, operating profit fell by 20% despite the massive revenue growth.
Viewed quarter by quarter, the market's reaction makes sense. After all, nobody likes a lower profit.
But here's the thing. Quarterly margins only inform us what the company is today. They don't explain what kind of business MercadoLibre will become over the next few years. And that's why investors should also focus on other leading indicators.
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The strength of the ecosystems creates tomorrow's margins The businesses that generate exceptional returns over the long run rarely maximize profits while they're building competitive advantages. Instead, they invest heavily to strengthen the ecosystem first.
For instance, Amazon spent decades building fulfillment infrastructure before retail margins improved. Costco invests heavily in lowering merchandise margins to create extraordinary customer loyalty, making money solely from its memberships. Similarly, Uber in the early days prioritized network density over profitability.
MercadoLibre appears to be following the same playbook. Every additional logistics hub shortens delivery times. Every new Mercado Pago user increases payment adoption. Every merchant that relies on Mercado Envios becomes more deeply embedded in the platform. Every advertiser that buys Mercado Ads creates another high-margin revenue stream.
Individually, these investments pressure margins in the short term. But collectively, they strengthen the ecosystem over the years that follow. And stronger ecosystems usually create better economics over time.
The metrics that investors should watch Instead of asking whether the operating margin expanded this quarter, investors should ask whether MercadoLibre's competitive strength has improved. And areas to focus on are:
Are buyers shopping more frequently? Are merchants relying on MercadoLibre for more than just sales? Are more consumers using Mercado Pago more often outside the marketplace? Are advertisers spending more to reach the platform's growing audience? If the answer to those questions is yes, MercadoLibre's competitive moat is likely widening, even if today's margins look weaker. That's because ecosystem strength compounds over time. Once buyers, sellers, payments, logistics, advertising, and credit reinforce one another, each new customer generates more value for the ecosystem than previous customers did.
While these network effects don't appear overnight in an income statement, they eventually show up in pricing power, higher returns on capital, and expanding free cash flow.
In other words, great ecosystems create great margins over time.
What does it mean for investors? To start with, none of what was discussed above means investors should ignore profitability. Eventually, MercadoLibre must convert today's investments into stronger earnings.
But focusing exclusively on quarterly margins risks missing the bigger picture. The company has already proven it can build Latin America's leading commerce and fintech platform.
Now it needs to prove something even more important: That today's investments are making the business stronger tomorrow.
If they are, today's margin pressure may not be a warning sign. It may simply be the cost of building the next phase of MercadoLibre's competitive advantage.
SL Green podepsala dvě nové nájemní smlouvy na téměř 57 000 čtverečních stop v 1185 Sixth Ave., čímž obsazenost věže stoupla na 92 %. Jedna byla obnovení a rozšíření pro Ryan Specialty, druhá nová nájemní smlouva se Solil Management.
Two leases totaling almost 57,000 square feet at SL Green’s 1185 Sixth Ave. were just signed, bringing the 1.1 million square-foot tower between West 46th and 47th streets to about 92% full.
One lease was a 29,166 square-foot renewal and expansion for insurance firm Ryan Specialty LLC, while the other was a new, 27,508 square-foot lease with property management firm Solil Management LLC.
SL Green leasing director Steven Durels said, not surprisingly, “We’re delighted to have both of these highly regarded firms as part of the building’s premier tenant roster.”
The highrise has reached 92% occupancy. Stefano Giovannini The tower recently saw major improvements including for the lobby, elevators and corridors.
Moroccanoil, a luxury and body-care company, recently signed a lease for 37,000 square feet, moving from 135 E. 57th St. which is being converted to apartments.
Other major tenants at 1185 Sixth include Syska Hennessey, Industrial & Commercial Bank of China and Hartree Partners.
Citigroup ve 2. čtvrtletí překonal odhady: tržby stouply o 14 % na 24,8 miliardy USD a čistý zisk vyskočil o 45 % na 5,8 miliardy USD. Akcie ale po výsledcích klesly asi o 7 %, protože banka nezvýšila výhled.
The second quarter proved to be a strong one for big banks, which were fueled by a surge in investment banking and mergers and acquisitions, institutional trading, and rising asset levels. But one big bank failed to impress investors despite reporting solid results in Q2: Citigroup (C +0.23%).
Citigroup stock has tumbled some 7% since the bank reported earnings on July 14. It's surprising given how Citigroup performed, crushing estimates by a wider margin than many of its competitors. But the investment case may have turned negative for many investors on the tepid outlook.
But is this a knee-jerk reaction or a longer-term concern?
Image source: Getty Images.
Blowout Q2 results Citigroup turned in an excellent second quarter, with revenue up 14% year over year to $24.8 billion. This beat estimates of $23.7 billion. Net income skyrocketed 45% to $5.8 billion, or $3.15 per share, which destroyed consensus estimates of $2.73 per share. Earnings were buoyed by improving credit quality, as provisions for credit losses were $2.5 billion, 12% lower than the same quarter a year ago.
Citigroup posted strong gains across the board. Net interest income rose 13% year over year across the franchise. Equity markets trading revenue soared 45%, while investment banking revenue surged 44% year over year.
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Also, its efficiency ratio, which shows how much the bank spends for every dollar of revenue, sank by 530 basis points to 57.4%. And its return on tangible common equity, another key efficiency metric, soared 430 basis points to 13%.
Given the strong results, investors were looking for the bank to raise its guidance, but it did not, as Citigroup maintained its previous guidance across its key metrics. Not only did Citigroup not lift its outlook, it raised some red flags.
Playing the long game On the earnings call, CFO Gonzalo Luchetti said management expects expense growth to outpace revenue growth in some of the next few quarters as the bank invests in its business. Some of the increased spending will come from pulling forward investments initially slated for 2027.
"We are taking full advantage of the market conditions, particularly if they are good in the second half, to be able to make the investments and take actions that will drive growth for the next number of years. And that is where and that is the message that the Street should be taking from this," CEO Jane Fraser said on the earnings call. "We are playing the long game."
The Street is actually bullish on Citigroup stock, with 77% rating it as a buy. It has a median price target of $156 per share, which suggests 18% upside.
Citigroup stock is cheap right now, trading at 12 times forward earnings and a PEG ratio below 1 at 0.72. And if the next few quarters are choppy, it could become even cheaper. The outlook may have changed the short-term investment case for some, but as Fraser said, they are playing the long game. It might not be a bad stock to pick up if it dips further, as the efficiency and growth metrics have been excellent.
Bank of Nova Scotia v 1. čtvrtletí snížila podíl v Abbott Laboratories o 16,8 % na 259 747 akcií. Abbott zároveň oznámila kvartální dividendu 0,63 USD na akcii.
Bank of Nova Scotia lessened its holdings in shares of Abbott Laboratories (NYSE:ABT – Free Report) by 16.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 259,747 shares of the healthcare product maker’s stock after selling 52,490 shares during the quarter. Bank of Nova Scotia’s holdings in Abbott Laboratories were worth $26,668,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in ABT. Dickmeyer Boyce Financial Management Inc. acquired a new stake in Abbott Laboratories during the first quarter valued at approximately $829,000. Ascension Capital Advisors Inc. acquired a new position in shares of Abbott Laboratories in the 1st quarter worth approximately $459,000. Forefront Analytics LLC increased its holdings in shares of Abbott Laboratories by 34.3% in the 1st quarter. Forefront Analytics LLC now owns 5,043 shares of the healthcare product maker’s stock valued at $518,000 after acquiring an additional 1,287 shares during the last quarter. B&D White Capital Company LLC bought a new stake in shares of Abbott Laboratories in the 1st quarter valued at approximately $2,413,000. Finally, Cetera Investment Advisers raised its position in shares of Abbott Laboratories by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 613,310 shares of the healthcare product maker’s stock valued at $62,968,000 after acquiring an additional 4,030 shares in the last quarter. 75.18% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets A number of equities analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Abbott Laboratories from $121.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Stifel Nicolaus reduced their price target on shares of Abbott Laboratories from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 17th. Sanford C. Bernstein decreased their price target on shares of Abbott Laboratories from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Bank of America lowered their price objective on shares of Abbott Laboratories from $120.00 to $102.00 in a research report on Friday, June 12th. Finally, BTIG Research increased their price objective on shares of Abbott Laboratories from $131.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Abbott Laboratories presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.61.
Read Our Latest Stock Analysis on Abbott Laboratories
Insiders Place Their Bets In other Abbott Laboratories news, Director Daniel J. Starks bought 10,000 shares of the business’s stock in a transaction on Monday, April 27th. The shares were purchased at an average price of $92.65 per share, with a total value of $926,500.00. Following the purchase, the director directly owned 6,751,103 shares of the company’s stock, valued at approximately $625,489,692.95. The trade was a 0.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.46% of the stock is owned by insiders.
Abbott Laboratories Trading Up 2.4% Shares of NYSE:ABT opened at $103.13 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $91.61 and its 200 day moving average price is $101.33. The company has a market cap of $179.63 billion, a PE ratio of 33.38, a P/E/G ratio of 2.00 and a beta of 0.61. Abbott Laboratories has a fifty-two week low of $81.97 and a fifty-two week high of $137.49.
Abbott Laboratories (NYSE:ABT – Get Free Report) last posted its earnings results on Thursday, July 16th. The healthcare product maker reported $1.31 EPS for the quarter, topping the consensus estimate of $1.28 by $0.03. Abbott Laboratories had a net margin of 11.65% and a return on equity of 17.65%. The firm had revenue of $12.51 billion during the quarter, compared to analysts’ expectations of $12.52 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. Abbott Laboratories’s quarterly revenue was up 13.0% on a year-over-year basis. Abbott Laboratories has set its Q3 2026 guidance at 1.380-1.46 EPS and its FY 2026 guidance at 5.450-5.60 EPS. Sell-side analysts anticipate that Abbott Laboratories will post 5.52 earnings per share for the current year.
Abbott Laboratories Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Wednesday, July 15th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, July 15th. Abbott Laboratories’s dividend payout ratio (DPR) is currently 81.55%.
Abbott Laboratories Company Profile (Free Report)
Abbott Laboratories is a global healthcare company headquartered in Abbott Park, Illinois, that develops, manufactures and markets a broad portfolio of medical products and services. Founded in 1888, Abbott operates through multiple business areas that focus on diagnostics, medical devices, nutritionals and established pharmaceuticals. The company supplies hospitals, clinics, laboratories, retailers and direct-to-consumer channels with products intended to diagnose, treat and manage a wide range of health conditions.
In diagnostics, Abbott provides laboratory and point-of-care testing platforms and assays used to detect infectious diseases, chronic conditions and biomarkers; its Alinity family of instruments and rapid-test solutions are examples of this capability.
See Also Five stocks we like better than Abbott Laboratories Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding ABT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abbott Laboratories (NYSE:ABT – Free Report).
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ServiceNow ve 2. čtvrtletí zvýšil výnosy o 24 % na 3,99 miliardy USD a výnosy z předplatného o 25 % na 3,88 miliardy USD. Firma zároveň zvedla celoroční výhled výnosů z předplatného na 15,76–15,78 miliardy USD.
ServiceNow (NOW +7.38%) continued to deliver excellent revenue growth when the software-as-a-service (SaaS) company reported its Q2 earnings; however, it once again wasn't enough to lift the beaten-down stock. There has been a narrative that AI will disrupt the software layer, and as a result, SaaS stocks have seemingly been able to do no right. As a result, ServiceNow stock is down 40% on the year.
While its stock has been struggling, ServiceNow has shown no signs of its growth slowing down. The company's platform is the backbone of its customers' entire software stacks, and it's been seeing strong growth with both its AI and cybersecurity offerings.
Today's Change
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Accelerating growth For Q2, ServiceNow's revenue jumped 24% year over year to $3.99 billion, while its adjusted earnings per share (EPS) rose 11% to $0.90. That was above the $0.86 in adjusted EPS and $3.93 billion in revenue that analysts were expecting.
Subscription revenue climbed 25% year over year to $3.88 billion, while professional services revenue rose 9% to $110 million. On a constant currency basis, subscription revenue accelerated from 19% growth in Q1 to that 23% growth.
ServiceNow is seeing strength in several areas. Its AI annual contract value (ACV) surged 40% quarter over quarter to over $1 billion, and it is on track to hit $1.5 trillion by year-end. Meanwhile, it said it already has a $1 billion cybersecurity business and that it's growing faster than any other top company in the space. It added that AI Control Tower, which launched just this spring, is "supercharging" its security and risk business.
The company also highlighted the momentum it was seeing in customer relationship management (CRM). It said this is already a $2 billion ACV business and that growth has been accelerating.
Another closely watched SaaS metric is remaining performance obligations (RPO), which is deferred revenue plus backlog growth, as it can be a future revenue growth indicator. In the quarter, ServiceNow saw its RPO increase by 21% to $29 billion, while current RPO (cRPO) also increased by 21% to $13.2 billion.
Looking ahead, the company projected its Q3 subscription revenue to grow 20.5% to a range of $3.975 billion to $3.98 billion. It anticipates cRPO to increase by 19.5%. For the full year, the company raised its subscription revenue guidance to a range of $15.76 billion and $15.78 billion, representing growth of 22.5%. That was up from prior revenue guidance of $15.735 billion to $15.775 billion, representing growth of 22% to 22.5%.
The company indicated that its guidance is likely conservative and that there could be upside given its strong new net ACV.
Image source: The Motley Fool.
Trading at a forward price-to-sales (P/S) multiple of 5 based on 2027 analyst estimates and a forward P/E of 18, the stock looks undervalued for a company with a highly recurring business model and strong gross margins that is growing its revenue above 20%. However, valuation alone isn't a reason enough to buy the stock.
While it does face the risk of AI disruption, given how embedded its systems are in customers' workflows and data, I think this risk is minimal. I also think most organizations will not want to tie their fortunes to one AI model company, which is a big reason why having a separate software layer is important. Meanwhile, ServiceNow appears to be doing all the right things. It's leaned into both AI and cybersecurity, and it's handling business as usual.
At the same time, its AI Control Tower looks like it has strong potential to be a future growth driver. The rise of AI agents should create a big need for agentic AI orchestration platforms, and its solution looks poised to be a top option. It is designed to oversee every AI agent model running within an organization, while monitoring their performance and making sure they follow governance rules. With its acquisitions of Armis and Veza, it also has strong security protocols in place.
While it likely will require patience, I'd be a buyer of the stock.
Bank of Nova Scotia ve 1. čtvrtletí snížila svou pozici v Prologis o 4,7 % a prodala 9 212 akcií. Po transakci držela 187 124 akcií v hodnotě 24,734 mil. USD.
Bank of Nova Scotia lessened its stake in Prologis, Inc. (NYSE:PLD – Free Report) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,124 shares of the real estate investment trust’s stock after selling 9,212 shares during the quarter. Bank of Nova Scotia’s holdings in Prologis were worth $24,734,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Gibbs Wealth Management acquired a new stake in shares of Prologis during the first quarter worth $319,000. Sei Investments Co. boosted its stake in Prologis by 0.5% in the 1st quarter. Sei Investments Co. now owns 2,233,173 shares of the real estate investment trust’s stock worth $295,182,000 after purchasing an additional 11,125 shares during the period. Cetera Investment Advisers boosted its stake in Prologis by 4.6% in the 1st quarter. Cetera Investment Advisers now owns 383,870 shares of the real estate investment trust’s stock worth $50,740,000 after purchasing an additional 16,812 shares during the period. Dynamic Wealth Strategies LLC increased its holdings in Prologis by 78.6% during the 1st quarter. Dynamic Wealth Strategies LLC now owns 400 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 176 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its holdings in Prologis by 1,700.3% during the 1st quarter. Prestige Wealth Management Group LLC now owns 12,692 shares of the real estate investment trust’s stock worth $1,678,000 after purchasing an additional 11,987 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.
Key Prologis News Here are the key news stories impacting Prologis this week:
Positive Sentiment: Segro’s board said it would recommend Prologis’s final $18.7 billion takeover bid, a sign the deal is gaining traction and could expand Prologis’s portfolio and long-term growth prospects. Article Title Positive Sentiment: Scotiabank raised its price target on Prologis to $150 from $146, while Truist boosted its target to $162, reflecting improved analyst confidence in the stock’s valuation. Article Title Positive Sentiment: Recent commentary highlighted Prologis as potentially undervalued after its earnings beat and raised guidance, reinforcing optimism around earnings momentum and fundamentals. Article Title Neutral Sentiment: Additional articles noted renewed investor attention on logistics and data-center themes, but these were more thematic than company-specific and did not include new financial results or formal guidance changes. Article Title Insiders Place Their Bets In related news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.
Analyst Upgrades and Downgrades A number of analysts have recently commented on the company. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Jefferies Financial Group decreased their price objective on Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Citigroup lifted their target price on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. DA Davidson boosted their target price on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Robert W. Baird upped their price target on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $153.81.
View Our Latest Research Report on Prologis
Prologis Stock Up 1.6% Shares of PLD stock opened at $147.43 on Friday. The firm’s fifty day moving average price is $143.56 and its two-hundred day moving average price is $138.55. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $153.35. The firm has a market capitalization of $137.45 billion, a P/E ratio of 32.84 and a beta of 1.32.
Prologis (NYSE:PLD – Get Free Report) last posted its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business posted $1.46 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities analysts predict that Prologis, Inc. will post 6.28 EPS for the current fiscal year.
Prologis Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $1.07 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s dividend payout ratio (DPR) is currently 95.32%.
Prologis Profile (Free Report)
Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.
With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.
Recommended Stories Five stocks we like better than Prologis Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD – Free Report).
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First Trust Advisors LP ve 1. čtvrtletí zvýšil svůj podíl v Transdigm Group o 25,8 % na 58 308 akcií. Firma zároveň oznámila čtvrtletní EPS 9,85 USD a tržby 2,54 miliardy USD, obojí nad odhady.
First Trust Advisors LP grew its holdings in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) by 25.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,308 shares of the aerospace company’s stock after purchasing an additional 11,974 shares during the period. First Trust Advisors LP owned approximately 0.10% of Transdigm Group worth $67,577,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. Temasek Holdings Private Ltd increased its holdings in shares of Transdigm Group by 50.4% in the first quarter. Temasek Holdings Private Ltd now owns 218,885 shares of the aerospace company’s stock valued at $253,679,000 after buying an additional 73,347 shares in the last quarter. ABN Amro Investment Solutions bought a new stake in shares of Transdigm Group during the 1st quarter worth $3,038,000. PNC Financial Services Group Inc. boosted its stake in shares of Transdigm Group by 20.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 87,023 shares of the aerospace company’s stock worth $100,856,000 after acquiring an additional 14,852 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of Transdigm Group in the 1st quarter worth $394,000. Finally, Andra AP fonden raised its position in shares of Transdigm Group by 215.3% during the first quarter. Andra AP fonden now owns 6,344 shares of the aerospace company’s stock worth $7,352,000 after purchasing an additional 4,332 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.
Transdigm Group Trading Up 1.8% Shares of TDG stock opened at $1,236.11 on Friday. The company has a market capitalization of $69.14 billion, a price-to-earnings ratio of 38.58, a P/E/G ratio of 2.18 and a beta of 0.90. Transdigm Group Incorporated has a 1-year low of $1,123.61 and a 1-year high of $1,623.82. The stock’s fifty day simple moving average is $1,261.52 and its 200-day simple moving average is $1,270.10.
Transdigm Group (NYSE:TDG – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $9.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.46 by $0.39. Transdigm Group had a negative return on equity of 26.49% and a net margin of 20.24%.The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the business earned $9.11 EPS. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. Transdigm Group has set its FY 2026 guidance at 38.830-40.210 EPS. On average, sell-side analysts predict that Transdigm Group Incorporated will post 37.77 EPS for the current year.
Insider Transactions at Transdigm Group In other news, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1,180.82, for a total value of $11,964,068.24. Following the completion of the sale, the director directly owned 21,548 shares of the company’s stock, valued at $25,444,309.36. This represents a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total transaction of $4,979,442.00. Following the sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at approximately $4,596,408. This represents a 52.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 28,064 shares of company stock worth $34,814,142 in the last quarter. 3.20% of the stock is owned by corporate insiders.
Analysts Set New Price Targets Several brokerages have recently commented on TDG. Wall Street Zen downgraded Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, July 20th. UBS Group cut their price objective on Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Royal Bank Of Canada reduced their price objective on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley lowered shares of Transdigm Group from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $1,680.00 to $1,345.00 in a report on Wednesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,477.47.
Get Our Latest Report on TDG
About Transdigm Group (Free Report)
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.
TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.
See Also Five stocks we like better than Transdigm Group Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Transdigm Group Incorporated (NYSE:TDG – Free Report).
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First Trust Advisors LP raised its stake in Best Buy Co., Inc. (NYSE:BBY – Free Report) by 53.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 905,844 shares of the technology retailer’s stock after buying an additional 314,046 shares during the period. First Trust Advisors LP owned approximately 0.43% of Best Buy worth $58,155,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of Best Buy by 99.8% during the 3rd quarter. AQR Capital Management LLC now owns 6,997,871 shares of the technology retailer’s stock worth $525,120,000 after acquiring an additional 3,496,254 shares in the last quarter. Norges Bank acquired a new stake in shares of Best Buy during the fourth quarter worth $174,685,000. Schroder Investment Management Group lifted its holdings in shares of Best Buy by 378.8% during the fourth quarter. Schroder Investment Management Group now owns 3,096,015 shares of the technology retailer’s stock valued at $207,216,000 after purchasing an additional 2,449,342 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Best Buy by 104.1% during the fourth quarter. Hsbc Holdings PLC now owns 2,020,539 shares of the technology retailer’s stock valued at $135,685,000 after purchasing an additional 1,030,544 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Best Buy by 293.6% in the 4th quarter. KBC Group NV now owns 1,052,805 shares of the technology retailer’s stock valued at $70,464,000 after purchasing an additional 785,294 shares during the period. Institutional investors and hedge funds own 80.96% of the company’s stock.
Best Buy Trading Up 1.0% Shares of NYSE:BBY opened at $85.26 on Friday. The firm has a fifty day moving average of $75.59 and a two-hundred day moving average of $68.19. The firm has a market capitalization of $17.97 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 2.27 and a beta of 1.30. Best Buy Co., Inc. has a 12-month low of $55.10 and a 12-month high of $87.35. The company has a quick ratio of 0.40, a current ratio of 1.12 and a debt-to-equity ratio of 0.38.
Best Buy (NYSE:BBY – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The technology retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.23 by $0.05. Best Buy had a net margin of 2.73% and a return on equity of 48.70%. The business had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the previous year, the company posted $1.15 EPS. Best Buy’s revenue was up 1.9% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. On average, equities analysts expect that Best Buy Co., Inc. will post 6.56 EPS for the current fiscal year.
Best Buy Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a $0.96 dividend. The ex-dividend date was Thursday, June 18th. This represents a $3.84 dividend on an annualized basis and a yield of 4.5%. Best Buy’s payout ratio is 71.11%.
Analysts Set New Price Targets A number of equities analysts recently weighed in on BBY shares. Wall Street Zen cut Best Buy from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Morgan Stanley upped their price objective on shares of Best Buy from $72.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Weiss Ratings upgraded shares of Best Buy from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. DA Davidson reissued a “buy” rating and issued a $90.00 target price on shares of Best Buy in a research report on Monday, June 22nd. Finally, Wedbush boosted their price target on shares of Best Buy from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $79.50.
View Our Latest Stock Report on BBY
Insider Transactions at Best Buy In other news, Chairman Richard M. Schulze sold 500,350 shares of Best Buy stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $76.12, for a total transaction of $38,086,642.00. Following the completion of the sale, the chairman directly owned 10,930,586 shares in the company, valued at $832,036,206.32. The trade was a 4.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mathew Watson sold 1,784 shares of Best Buy stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $73.80, for a total value of $131,659.20. Following the sale, the chief accounting officer owned 21,630 shares of the company’s stock, valued at approximately $1,596,294. This represents a 7.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,002,134 shares of company stock worth $77,283,527 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.
About Best Buy (Free Report)
Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.
Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.
Recommended Stories Five stocks we like better than Best Buy Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24 Want to see what other hedge funds are holding BBY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Best Buy Co., Inc. (NYSE:BBY – Free Report).
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Bank of Nova Scotia v 1. čtvrtletí zvýšila svůj podíl v Interactive Brokers Group o 89,5 % na 275 306 akcií. Firma zároveň oznámila zisk na akcii 0,69 USD a tržby 1,88 mld. USD za čtvrtletí.
Bank of Nova Scotia increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 89.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 275,306 shares of the financial services provider’s stock after acquiring an additional 130,043 shares during the period. Bank of Nova Scotia’s holdings in Interactive Brokers Group were worth $18,465,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $453,146,000. Orbis Allan Gray Ltd increased its stake in shares of Interactive Brokers Group by 178.8% in the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after buying an additional 6,246,715 shares during the period. Bank of America Corp DE increased its stake in shares of Interactive Brokers Group by 225.4% in the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock worth $420,834,000 after buying an additional 5,260,923 shares during the period. State Street Corp raised its holdings in Interactive Brokers Group by 23.2% during the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after buying an additional 3,517,729 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Interactive Brokers Group by 44.1% during the 4th quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock valued at $533,026,000 after buying an additional 2,534,772 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.80% of the company’s stock.
Interactive Brokers Group Price Performance IBKR stock opened at $91.74 on Friday. Interactive Brokers Group, Inc. has a 1 year low of $58.95 and a 1 year high of $97.84. The company has a market cap of $155.62 billion, a P/E ratio of 36.70, a PEG ratio of 2.02 and a beta of 1.33. The firm has a 50-day moving average of $90.09 and a 200 day moving average of $79.44.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The business’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 2.64 earnings per share for the current fiscal year.
Interactive Brokers Group Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st will be issued a $0.0875 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is 14.00%.
Wall Street Analyst Weigh In IBKR has been the topic of a number of analyst reports. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. BMO Capital Markets reiterated an “outperform” rating and set a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a report on Wednesday. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price on the stock. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a research report on Friday, May 1st. Finally, Bank of America increased their price objective on Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.89.
Check Out Our Latest Research Report on IBKR
About Interactive Brokers Group (Free Report)
Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.
Its product suite centers on advanced trading platforms and infrastructure.
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First Trust Advisors LP v 1. čtvrtletí snížila podíl v CMS Energy o 12,4 % a prodala 133 696 akcií. Po prodeji držela 947 185 akcií v hodnotě 73,483 milionu USD.
First Trust Advisors LP lowered its holdings in CMS Energy Corporation (NYSE:CMS – Free Report) by 12.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 947,185 shares of the utilities provider’s stock after selling 133,696 shares during the quarter. First Trust Advisors LP owned approximately 0.31% of CMS Energy worth $73,483,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CMS. iA Global Asset Management Inc. increased its position in CMS Energy by 2.3% during the 4th quarter. iA Global Asset Management Inc. now owns 1,323,167 shares of the utilities provider’s stock valued at $92,529,000 after purchasing an additional 30,000 shares during the period. Vanguard Group Inc. lifted its position in shares of CMS Energy by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock worth $2,844,213,000 after purchasing an additional 1,501,991 shares during the period. Aberdeen Group plc lifted its position in shares of CMS Energy by 14.5% in the 4th quarter. Aberdeen Group plc now owns 877,487 shares of the utilities provider’s stock worth $61,363,000 after purchasing an additional 111,075 shares during the period. RIA Advisory Group LLC bought a new stake in shares of CMS Energy during the 4th quarter valued at about $974,000. Finally, Capital Innovations LLC bought a new stake in shares of CMS Energy during the 4th quarter valued at about $1,652,000. 93.57% of the stock is currently owned by institutional investors.
CMS Energy Trading Up 0.9% Shares of NYSE CMS opened at $74.83 on Friday. CMS Energy Corporation has a 1 year low of $68.64 and a 1 year high of $80.36. The stock has a market cap of $23.12 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.71 and a beta of 0.35. The firm has a 50-day moving average of $74.22 and a 200 day moving average of $74.69. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.84 and a quick ratio of 0.66.
CMS Energy (NYSE:CMS – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.11 by $0.02. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.46 billion. CMS Energy had a net margin of 12.55% and a return on equity of 12.17%. CMS Energy’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 earnings per share. CMS Energy has set its FY 2026 guidance at 3.830-3.90 EPS. As a group, sell-side analysts expect that CMS Energy Corporation will post 3.87 EPS for the current fiscal year.
CMS Energy Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy’s payout ratio is currently 62.98%.
Insider Activity at CMS Energy In related news, SVP Brandon J. Hofmeister sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $74.31, for a total value of $222,930.00. Following the sale, the senior vice president owned 67,111 shares in the company, valued at $4,987,018.41. This represents a 4.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes A number of equities analysts recently issued reports on CMS shares. JPMorgan Chase & Co. increased their price target on shares of CMS Energy from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Bank of America lifted their price objective on CMS Energy from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Barclays upped their target price on CMS Energy from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. KeyCorp lowered CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday. Finally, BMO Capital Markets raised their target price on CMS Energy from $81.00 to $86.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.33.
Get Our Latest Analysis on CMS Energy
CMS Energy Company Profile (Free Report)
CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.
Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.
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