Track market-moving stories before they get noisy

CoreWeave (CRWV -11.58%) closed Friday at $71.88, down 11.4% for the session. The drop wiped out the artificial intelligence (AI) cloud provider's entire week and knocked down shares from levels above $86 at one point during the week, leaving shares below Monday's close of $73.06.

The timing is strange. Two days earlier, one of the biggest spenders in AI infrastructure said it wanted more of what CoreWeave sells. Alphabet lifted its 2026 capital spending outlook by $15 billion on Wednesday, to as much as $205 billion. On Alphabet's second-quarter earnings call, chief financial officer Anat Ashkenazi said the company would "expand the use of third-party capacity in Q3 as a bridging strategy."

CoreWeave shares rose in after-hours trading on that comment. But they gave it back Thursday, and more on Friday, alongside fellow neocloud Nebius Group, which fell 15% on Friday alone.

So, what gives? Friday's sell-off for these stocks arguably wasn't a verdict on demand. It was a verdict on what meeting that demand costs.

Here's a closer look.

Image source: The Motley Fool.

The demand story is the easy part CoreWeave's revenue climbed 112% year over year in the first quarter, to $2.08 billion, and its revenue backlog stood at $99.4 billion at the end of March. To be fair, few companies of any size can grow like that.

But the picture thins as you move down the income statement. Non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at $1.16 billion for the quarter, a 56% margin -- down from 62% a year earlier. Adjusted operating income, which charges the quarter for depreciation on all those graphics processing units and data centers, fell year over year to $21 million from $163 million. On that line, the margin went from 17% to 1%. Management expects it to expand each quarter from here, into low double digits by the fourth quarter.

The spending is running years ahead of the revenue But here's the problem.

Management expects capital expenditures of $31 billion to $35 billion this year. CoreWeave's revenue over the past 12 months was about $6.2 billion. That gap may be part of what's spooking investors.

In other words, the company plans to spend about five times its past year's sales on capacity in 2026. Zoom out, and the step-up is steep: CoreWeave reported $14.9 billion in capital expenditures in all of 2025.

One quarter tells the same story. CoreWeave generated $2.98 billion of operating cash flow during the first quarter and spent $7.7 billion on property and equipment.

Debt helps fill that gap. And the interest on it is climbing fast.

Net interest expense was $264 million in the first quarter of 2025. It reached $388 million in the fourth quarter of 2025, then $536 million in the first quarter of 2026. Management guided for $650 million to $730 million in the second quarter.

At that midpoint, CoreWeave's first-half net interest expense this year would nearly match the $1.23 billion it recorded across all of 2025.

And the balance behind it keeps growing. Total debt stood near $24.9 billion at the end of March, up from $21.4 billion three months earlier.

The backlog, meanwhile, arrives slowly. CoreWeave counted $98.8 billion of it as unsatisfied remaining performance obligations (contracted work not yet delivered) at the end of March, and expects to recognize just 36% within 24 months. The rest stretches as far out as seven years.

"This revenue backlog is near-term weighted, with 36% expected to be recognized in the next 24 months and 75% in the next four years," chief financial officer Nitin Agrawal said on CoreWeave's first-quarter earnings call.

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Near-term weighted is one way to put it. The spending happens this year, the interest accrues every quarter, and about two-thirds of that revenue isn't due until after March 2028.

And competition is a concern, too. Bloomberg reported on July 1 that Meta Platforms is building a cloud business to sell surplus AI computing capacity to outside customers. Meta also committed $21 billion to CoreWeave earlier this year, so one of the company's biggest customers may be preparing to compete with it.

So does an 11% drop make the stock cheap? At about $39 billion, CoreWeave's market value is still about six times its trailing-12-month revenue -- too high, in my opinion, for a company as speculative as this one.

Nvidia: Accelerating Revenue ExpansionNvidia (NVDA -0.92%) primarily generates revenue by providing advanced graphics, computational, and networking solutions for diverse applications.

It commenced full production of its new hardware architecture, Vera Rubin, and faced regulatory scrutiny over export controls, while reporting a 72% net income margin for the quarter ended April 26, 2026.

Planet Labs: Incremental Revenue GainsPlanet Labs PBC (PL -8.45%) primarily generates revenue by deploying satellite constellations to provide frequent, worldwide geospatial data.

It secured an eight-figure government contract extension, while generating a -148% net income margin for the quarter ended April 30, 2026.

Why Revenue Matters for Retail InvestorsRevenue is a fundamental measure of how much money a business brings in from its core operations before deducting any expenses. Tracking this figure helps investors understand the total scale and top-line growth trajectory of a business.

Quarterly Revenue for Nvidia and Planet Labs PBCQuarter (Period End)Nvidia RevenuePlanet Labs PBC RevenueQ3 2024$30.0 billion (period ended July 2024)$61.1 million (period ended July 2024)Q4 2024$35.1 billion (period ended Oct. 2024)$61.3 million (period ended Oct. 2024)Q1 2025$39.3 billion (period ended Jan. 2025)$61.6 million (period ended Jan. 2025)Q2 2025$44.1 billion (period ended April 2025)$66.3 million (period ended April 2025)Q3 2025$46.7 billion (period ended July 2025)$73.4 million (period ended July 2025)Q4 2025$57.0 billion (period ended Oct. 2025)$81.3 million (period ended Oct. 2025)Q1 2026$68.1 billion (period ended Jan. 2026)$86.8 million (period ended Jan. 2026)Q2 2026$81.6 billion (period ended April 2026)$94.2 million (period ended April 2026)Data source: Company filings. Data as of July 24, 2026.

Foolish TakeNvidia’s sales are so much larger than Planet Labs that, side by side, the latter doesn’t show up on a chart. Even so, one attribute they both share is that revenue is rising on a quarterly basis. That’s an outstanding achievement, and illustrates the substantial customer demand fueling their businesses.

As a part of the emerging space-based economy, Planet Labs delivered impressive 42% year-over-year sales growth in its fiscal first quarter ended April 30. The company’s backlog of business rose an even higher 72% year over year to over $900 million, signaling sales will continue to increase over time. In fact, Planet Labs forecasted revenue to be in the range of $102 million to $107 million for the next quarter, a significant jump up from the $73.4 million produced in the prior year.

Despite the strong growth Planet Labs is experiencing, Nvidia’s sales are even stronger. Its $81.6 billion in its fiscal Q1, ended April 26, represented a massive 85% year-over-year increase. The semiconductor giant expects revenue to accelerate to $91 billion in the next quarter, up nearly double from $46.7 billion achieved in the previous year. This level of growth demonstrates the enormous demand for Nvidia’s products powering the booming artificial intelligence sector.

There are now three public opinions about what PayPal (PYPL +0.28%) is worth. A buyout group says $60.50 per share. The market says about $56. And the average analyst price target says about $53 -- below not just the offer, but the stock's current price.

The newest of the three opinions belongs to PayPal's board, which reportedly views the $60.50-per-share cash offer from privately held payments company Stripe and private equity firm Advent International as inadequate, according to multiple reports. The bid valued the payments specialist at more than $53 billion. Notably, PayPal hasn't publicly responded to the proposal. Reports say board discussions have centered on whether the bid is high enough to warrant opening negotiations at all.

For shareholders, that leaves an odd setup: a stock pinned between an offer above the market price and an analyst consensus below it. Each number is telling investors something different, and it's worth taking them one at a time.

Image source: PayPal.

Why the board views it as inadequate The bid itself came with roughly $50 billion in committed bank financing, and the offer price represented a 28% premium to where PayPal traded before news of the bid broke on July 15. Shares jumped 17% that day and closed at $55.52.

That view implies its directors value the company above $60.50. And reports suggest the bidders may raise their offer rather than walk. Famed investor Michael Burry, a PayPal shareholder, publicly called the offer an opening bid and pegged the company's value far higher. The board evidently agrees that $60.50 shouldn't be the last word.

Two prices below the offer The market is less convinced. At about $56 as of this writing, shares of the e-commerce payments company trade roughly 7% below the offer price -- almost exactly where they settled when the bid became public. A discount like that is the market's way of pricing the risk that talks collapse, financing slips, or regulators balk. After all, the bidders have reportedly weighed possible antitrust remedies, including separating PayPal's Braintree business and transferring it to Advent -- a sign that even they expect regulatory questions. If the deal died tomorrow, the stock would likely head back toward its pre-offer price of $47.37.

The analyst consensus is the harshest of the three verdicts. At about $53, the average target sits below today's share price. The analysts covering PayPal, in other words, think the company on its own (no deal, no premium) is worth less than the market is currently paying -- and that's with the stock already trading at about 10 times earnings. The company's market capitalization sits near $49 billion as of this writing, below the more than $53 billion the buyers put on the table.

The company's recent results explain the skepticism. First-quarter revenue rose 7% year over year to $8.4 billion, and total payment volume climbed 11%. But transaction margin dollars, the company's preferred measure of transaction profitability, grew just 3%.

Active accounts were 439 million, up only 1% from a year earlier and down slightly from the prior quarter, so user growth has flattened. And management's full-year guidance calls for adjusted earnings per share ranging from a low-single-digit decline to slightly positive.

This is not a business that commands a premium valuation on its fundamentals. The premium exists because someone wants to buy the company.

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So here's how I'd read the standoff. The board looks like it could be preparing to negotiate. Viewing a first bid as inadequate can be a step toward seeking a higher one. Of course, the market's 7% discount is rational, too, because deals like this one do sometimes collapse. And the analysts' sub-$55 consensus is a useful reminder of what the downside looks like if PayPal has to stand on its own numbers again.

The next card gets turned over quickly. PayPal reports second-quarter results on Tuesday, July 28. Strong numbers strengthen the board's case that $60.50 undersells the company. Weak ones hand the leverage back to the bidders -- or worse, remind everyone why the stock traded at $47 in the first place.

For current shareholders, holding through the report makes sense to me. The offer may support the shares while it remains active, and the board's stance could draw a higher bid. But I wouldn't buy shares today just to capture the spread between $56 and $60.50. That 7% gap reflects the market's read on financing, regulators, timing, and the chance that no deal happens at all. And if it does fall apart, the analyst consensus has already marked the downside. So if you hold the stock, do it because you believe in the underlying company and the stock's long-term potential.

Aftermath Silver Ltd (TSX-V:AAG, OTCQX:AAGFF, FRA:FLM1) CEO Ralph Rushton talked with Proactive about the company's latest drilling campaigns at the Berenguela and Challacollo projects, outlining exploration plans aimed at expanding existing mineral resources while engineering work continues in parallel.

Proactive: Welcome back inside our Proactive newsroom. Joining me is Ralph Rushton, CEO of Aftermath Silver. Great to see you again. How are you?

Ralph Rushton: I'm very good, thank you. Fresh back from a nice break in Europe.

You're back to work because the company has resumed drilling on a couple of projects. Let's begin with Berenguela.

We've moved the drill to the eastern side of the mineral resource. Our 2024 and 2025 drilling intersected long intervals of high-grade copper there. We're now following those results up by drilling along the edge of the resource and extending eastwards beyond it to determine whether additional copper mineralisation can be incorporated into the resource estimate.

How is the drilling program being carried out?

We're positioned on the easternmost drill section of the existing resource and extending holes a few hundred metres beyond it. Any mineralisation encountered there would likely represent an addition to the existing resource. We've only recently started, so there are no results yet.

Is this expected to be a lengthy program?

It's an iterative program. If we have success, we'll continue drilling until we've gathered sufficient information. At the same time, we're waiting for permits for another copper target southwest of the project. Once work in the east is complete, we'll move there.

Northern Chile is also seeing activity.

Yes, at the Challacollo project. It's been in our portfolio for about seven years. We intended to drill last year, but contractor issues and equipment problems delayed the program. We're now close to completing the first hole. We're testing the margins of the existing resource to determine whether it can be expanded with additional ounces.

Were these targets identified through geophysical work?

No. Challacollo is a historic mine with extensive mine plans and a prefeasibility study completed around 10 to 12 years ago. We already have substantial geological information, so we haven't needed geophysics. That information has guided our targeting.

Investors will likely be pleased to see drilling progressing on two projects.

Absolutely. Engineering studies continue at Berenguela, but as a geologist I'm always happy when we're drilling. Exploration keeps things exciting alongside the engineering work.

Thanks for the update.

Thanks very much.

Quotes have been lightly edited for style and clarity

NEW YORK, /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the "Class Period"), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

So what: If you purchased Zillow common stock during the Class Period, you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Zillow's agreement with Redfin Corporation was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected] 
www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

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The author, a medical doctor and health economist, produces content on cryptocurrency markets, blockchain technologies, digital assets, and global finance.As a cryptocurrency writer and investor, he closely follows Bitcoin, altcoins, market trends, macroeconomic developments, token economies, and innovations in the digital asset ecosystem. By combining perspectives from health economics and financial analysis, he evaluates developments in cryptocurrency markets using a clear and data-driven approach.

Blok zinciri ekosisteminin büyümesiyle birlikte üretilen verinin miktarı da hızla artıyor. Ancak bu verilerin güvenilir, doğrulanabilir ve uzun yıllar boyunca erişilebilir şekilde saklanması giderek daha önemli bir sorun haline geliyor. Özellikle yapay zekâ uygulamalarının zincir üzerindeki verilere daha fazla ihtiyaç duymaya başlaması, veri altyapısını Web3 ekosisteminin en kritik bileşenlerinden biri haline getirdi. Covalent (CXT) ise tam bu noktada devreye girerek çok zincirli blok zinciri verilerini standartlaştıran, doğrulanabilir hale getiren ve geliştiricilere tek bir API üzerinden sunan merkeziyetsiz veri altyapısı oluşturmayı hedefliyor.

Covalent Network, yalnızca farklı blok zincirlerinden veri toplayan bir platform olmanın ötesinde, uzun vadeli veri kullanılabilirliği (Long-Term Data Availability), veri doğrulanabilirliği (Data Verifiability) ve yapay zekâ uygulamalarının ihtiyaç duyduğu güvenilir veri altyapısını sağlamaya odaklanıyor. Ekosistemin yerel tokeni olan CXT, ağ güvenliği, staking, yönetişim ve ekonomik teşvik mekanizmalarının merkezinde yer alıyor.

Covalent (CXT) Ne İşe Yarar? Covalent, farklı blok zincirlerinden elde edilen verileri tek bir standart altında toplayan ve geliştiricilerin bu verilere kolayca erişmesini sağlayan merkeziyetsiz bir veri altyapısıdır.

Platform, çok sayıda blok zincirindeki ayrıntılı verileri indeksleyerek bunları tek bir API üzerinden erişilebilir hale getirir. Böylece geliştiriciler, işletmeler ve araştırmacılar farklı ağlar için ayrı veri altyapıları kurmak yerine tek bir sistem üzerinden kapsamlı blok zinciri verilerine ulaşabilir.

Covalent Network aynı zamanda topluluk tarafından yönetilen merkeziyetsiz bir protokol olarak faaliyet göstermektedir. Ağın temel amacı, blok zinciri verilerinin uzun yıllar boyunca güvenilir, doğrulanabilir ve sürdürülebilir şekilde erişilebilir olmasını sağlamaktır.

Covalent Nasıl Çalışır? Covalent Network, blok zincirlerinden gelen verileri sürekli olarak toplar, indeksler ve ağ üzerinde birden fazla noktada depolar.

Toplanan veriler daha sonra GoldRush API (eski adıyla Unified API) aracılığıyla geliştiricilerin kullanımına sunulur.

Bu yapı sayesinde kullanıcılar;

Geçmiş blok zinciri verilerine, Gerçek zamanlı ağ verilerine, İşlem kayıtlarına, Akıllı sözleşme bilgilerine, Zincir üzerindeki diğer ayrıntılı verilere tek bir API üzerinden erişebilir.

Platformun hedefi, veri erişimini mümkün olduğunca standart hale getirerek farklı blok zincirleri arasında çalışmayı kolaylaştırmaktır.

Uzun Vadeli Veri Kullanılabilirliği (Long-Term Data Availability) Covalent’in en önemli odak noktalarından biri uzun vadeli veri kullanılabilirliğidir.

Proje, uzun vadeli veri kullanılabilirliğini blok zincirlerinde geçmiş verilerin yıllar boyunca erişilebilir kalması olarak tanımlamaktadır.

Ethereum ekosisteminde rollup mimarisinin yaygınlaşması, Danksharding ve EIP-4444 gibi protokol değişiklikleriyle birlikte geçmiş verilerin saklanması giderek çekirdek protokolün dışına taşınmaktadır.

Covalent Network ise bu sorumluluğu üstlenerek geliştiricilerin yalnızca güncel verilere değil, tarihsel blok zinciri kayıtlarına da güvenilir şekilde ulaşabilmesini amaçlamaktadır.

Bu doğrultuda ağ;

Ethereum, Diğer Layer-1 ağları, Farklı blok zinciri ekosistemleri için uzun süreli veri saklama altyapısı oluşturmayı hedeflemektedir.

Veri Doğrulanabilirliği (Data Verifiability) Covalent Network’ün temel özelliklerinden biri de veri doğrulanabilirliğidir.

Platform üzerinde gerçekleştirilen her veri işleme süreci kriptografik kanıtlarla desteklenmektedir.

Böylece;

Ağ operatörlerinin doğru çalıştığı, Verilerin değiştirilmediği, İşlenen bilgilerin güvenilir olduğu kriptografik yöntemlerle doğrulanabilmektedir.

Bu yapı özellikle yapay zekâ uygulamaları açısından büyük önem taşımaktadır. Çünkü AI sistemlerinin güvenilir sonuçlar üretebilmesi için doğrulanabilir veri kaynaklarına ihtiyaç duyulmaktadır.

Yapay Zekâ İçin Veri Altyapısı Covalent, kendisini yapay zekâ odaklı veri altyapısı olarak konumlandırmaktadır.

Özellikle otonom AI ajanlarının blok zinciri verilerine olan ihtiyacının artmasıyla birlikte proje;

Yapılandırılmış veri, Doğrulanabilir veri, Gerçek zamanlı veri, Çok zincirli veri erişimi sağlayarak AI uygulamalarını desteklemeyi amaçlamaktadır.

Platform, 230’dan fazla blok zincirini kapsayan veri altyapısıyla AI sistemlerinin ihtiyaç duyduğu verileri saniyenin altında gecikmeyle sunmayı hedeflemektedir.

Modüler Veri Altyapısı Covalent Network modüler bir mimari üzerine inşa edilmiştir.

Bu yapı sayesinde blok zincirlerinin veri katmanı depolama süreçleri birbirinden ayrılmaktadır.

Platformun geliştirdiği Block Specimens isimli veri formatı, blok zinciri durumunun standart biçimde saklanmasını mümkün kılmaktadır.

Bu sayede;

Ağ düğümü çalıştırmadan veri işleme, Zincir verilerinin yeniden analiz edilmesi, Standart veri şemalarının oluşturulması gibi işlemler daha verimli şekilde gerçekleştirilebilmektedir.

Çok Zincirli Destek Covalent yalnızca tek bir blok zincirine hizmet vermemektedir.

Platform;

Birden fazla blok zincirini destekleyen yapı, Standart veri modeli, Ticari veri araçlarıyla uyumluluk, Düşük donanım gereksinimi, Verimli depolama sistemi gibi özelliklerle çok zincirli veri altyapısı sunmaktadır.

Bu sayede geliştiriciler farklı ağlar arasında veri toplama süreçlerini tek sistem üzerinden yönetebilmektedir.

GoldRush API Nedir? GoldRush API, Covalent Network üzerinde indekslenen verilere erişim sağlayan ana API hizmetidir.

Eskiden Unified API olarak bilinen bu sistem, geliştiricilerin blok zinciri verilerini hızlı ve standart şekilde sorgulamasına olanak tanımaktadır.

Platform üzerindeki veri taleplerinin büyük bölümü GoldRush API üzerinden gerçekleştirilmektedir.

Covalent (CXT) Token Ne İşe Yarar? CXT, Covalent Network’ün yerel yardımcı (utility) tokenidir.

Token, ağın ekonomik yapısını oluşturan üç temel alan üzerinde kullanılmaktadır.

Ağ Yönetişimi (Governance) CXT sahipleri ağın geleceğine ilişkin karar alma süreçlerine katılabilmektedir.

Yönetişim kapsamında;

Yeni veri kaynaklarının eklenmesi, Yeni blok zincirlerinin entegrasyonu, Staking parametreleri, Veri modelleme standartları, Ağ güncellemeleri gibi teklifler oylamaya sunulmaktadır.

Yönetişim süreci önce topluluk forumunda tartışılmakta, ardından Snapshot üzerinden gerçekleştirilen gaz ücreti gerektirmeyen oylamayla sonuçlandırılmaktadır.

Oy kullanma hakkı sahip olunan CXT miktarıyla orantılıdır.

Staking ve Ağ Güvenliği CXT aynı zamanda ağ güvenliğinin temelini oluşturmaktadır.

Ağ operatörleri veri üretmek ve doğrulamak için belirli miktarda CXT stake etmek zorundadır.

Kötü niyetli veya hatalı davranış tespit edilmesi durumunda stake edilen tokenlerin bir kısmı kesilebilmektedir (slashing).

Altyapı çalıştırmak istemeyen kullanıcılar ise CXT tokenlerini operatörlere devrederek staking ödülleri kazanabilmektedir.

Ağ Kullanımı GoldRush API ve Covalent’in diğer veri ürünlerinden elde edilen ekonomik değer CXT etrafında şekillenmektedir.

Platformu kullanan;

Geliştiriciler, Şirketler, Yapay zekâ uygulamaları tarafından oluşturulan gelirlerin bir bölümü açık piyasadan CXT satın alınmasında kullanılmaktadır.

Satın alınan tokenler daha sonra Stratejik Rezerv’in desteklenmesinde değerlendirilmektedir.

Bu yapı, ağ kullanımının artmasıyla birlikte CXT talebinin de artmasını hedefleyen ekonomik bir model sunmaktadır.

Covalent (CXT) ve Yapay Zekâ Ekonomisi Covalent, CXT’yi doğrulanabilir veri ekonomisinin temel ödeme aracı olarak konumlandırmaktadır.

Her API sorgusu, AI ajanı tarafından gerçekleştirilen veri talebi ve yeni blok zinciri entegrasyonu ağ ekonomisine katkı sağlamaktadır.

Bu yaklaşım doğrultusunda;

Daha fazla kullanım, Daha fazla gelir, Daha yüksek CXT talebi oluşturacak ekonomik döngü hedeflenmektedir.

Covalent (CXT) Arz Yapısı CXT’nin toplam arzı 1 milyar adettir.

Tüm tokenler ağın başlangıcında oluşturulmuştur.

Token ekonomisi enflasyon üretmeyecek şekilde tasarlanmıştır.

Her ne kadar akıllı sözleşmede mint fonksiyonu bulunsa da bu özellik varsayılan olarak devre dışıdır ve yalnızca topluluk yönetişimi tarafından alınacak resmi bir karar sonucunda aktif hale getirilebilir.

Covalent (CXT) Tokenomics CXT token dağılımı şu şekildedir:

Özel Satış (Private Sale) %20,4 Ekosistem %20 Rezerv %18,9 Takım %14,4 Tohum Yatırımı (Seed) %10 Staking %8 Halka Açık Satış %3,4 İkinci Özel Satış (Private Sale 2) %2,9 Danışmanlar %2 Toplam arz 1.000.000.000 CXT ile sınırlandırılmıştır.

Covalent (CXT) Yatırımcıları Covalent bugüne kadar yaklaşık 10,69 milyon dolar yatırım toplamıştır.

Projeye yatırım yapan öne çıkan fon ve yatırım şirketleri arasında şunlar yer almaktadır:

Tier 1

Coinbase Ventures YZi Labs (eski adıyla Binance Labs) Tier 2

Hashed 1kx Mechanism Capital Delphi Ventures Hypersphere Ventures Double Peak Tier 3

Woodstock Fund AU21 Capital Moonrock Capital TRGC CoinGecko Ventures Tier 4

RockTree Capital CMCC Global Avalanche VC Brilliance Ventures Tier 5

Morningstar Ventures

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Yapay zeka ve yüksek performanslı bilgi işlem (HPC) alanındaki talebin hızla artması, merkeziyetsiz bulut çözümlerine olan ilgiyi de beraberinde getiriyor. Özellikle yapay zeka modellerinin eğitimi, büyük veri analizi ve GPU gerektiren uygulamaların yaygınlaşması, daha esnek ve uygun maliyetli bilgi işlem altyapılarına olan ihtiyacı artırıyor. Bu alanda öne çıkan projelerden biri olan CapIX Protocol (CPX), dünyanın farklı bölgelerindeki kullanılmayan işlem gücünü tek bir ağ altında bir araya getirerek daha düşük maliyetli, ölçeklenebilir ve verimli bir bulut altyapısı sunmayı hedefliyor. Akıllı yönlendirme sistemi sayesinde en uygun işlem kapasitesini otomatik olarak seçen platform, hem bireysel geliştiricilere hem de kurumsal kullanıcılara hitap eden merkeziyetsiz bir bilgi işlem ekosistemi oluşturmayı amaçlıyor. Peki CapIX Protocol (CPX) nedir, nasıl çalışır ve CPX token ne işe yarar?

CapIX Protocol, farklı altyapı sağlayıcılarının sunduğu işlem gücünü tek bir platform üzerinden yöneten merkeziyetsiz bir bilgi işlem ağıdır. Proje, kullanılmayan CPU ve GPU kaynaklarını değerlendirerek kullanıcıların ihtiyaç duyduğu işlem kapasitesini en uygun maliyetle sunmayı amaçlar. Platformun merkezinde yer alan CapIX OS, ağa bağlı sağlayıcıları anlık olarak tarayarak fiyat, performans ve kullanılabilirlik kriterlerine göre en uygun işlem gücünü seçer. Böylece kullanıcılar tek bir sağlayıcıya bağlı kalmadan küresel ölçekte dağıtılmış bilgi işlem altyapısından yararlanabilir. CapIX ekosistemi özellikle yapay zeka modelleri, bulut sunucuları, GPU kiralama ve merkeziyetsiz uygulamalar için geliştirildi.

CapIX Nasıl Çalışıyor? CapIX’in çalışma mantığı, farklı sağlayıcılardan gelen işlem gücünü tek bir akıllı yönlendirme sistemi altında toplamaya dayanıyor.

Süreç şu şekilde ilerliyor:

Kullanıcı Solana uyumlu cüzdanını platforma bağlıyor. SOL veya USDC yatırarak bakiyesini oluşturuyor. Çalıştırmak istediği uygulama veya sunucu türünü seçiyor. CapIX OS, ağdaki tüm aktif sağlayıcıları tarıyor. En düşük maliyetli ve uygun donanıma sahip düğüm otomatik olarak seçiliyor. İş yükü ilgili node üzerinde çalıştırılıyor ve kullanım süresine göre ücretlendiriliyor. Bu yapı sayesinde kullanıcılar manuel olarak sunucu aramak yerine sistemin en uygun seçeneği otomatik belirlemesinden faydalanabiliyor.

CapIX’in Sunduğu Hizmetler CapIX yalnızca bir bulut platformu değil, aynı zamanda yapay zeka geliştiricileri ve kurumsal kullanıcılar için farklı hizmetler sunan kapsamlı bir ekosistem oluşturuyor.

Başlıca ürünleri şunlar:

CapIX Cloud: Dağıtık sanal sunucu ve GPU kiralama platformu. AI Inference: OpenAI uyumlu API üzerinden 250’den fazla yapay zeka modeline erişim. AI Labs: Kuantum bilgi işlem ve deneysel yapay zeka uygulamaları. Serverless Jobs: Kullanıldığı kadar ödeme modeliyle çalışan işlem altyapısı. Private AI Models: Kullanıcılara özel yapay zeka modellerini API üzerinden çalıştırma imkânı. Bu hizmetlerin tamamı aynı altyapı ve yönlendirme sistemi üzerinden çalışıyor.

Smart Router Teknolojisi Nedir? CapIX’in en dikkat çeken bileşeni Smart Router (Akıllı Yönlendirici) sistemi olarak öne çıkıyor.

Bu teknoloji;

Ağdaki tüm işlem kapasitesini gerçek zamanlı tarıyor. Fiyat, donanım gücü ve gecikme sürelerini karşılaştırıyor. En uygun maliyetli sağlayıcıyı otomatik seçiyor. Gerektiğinde iş yükünü birden fazla node arasında dağıtabiliyor. Bu sayede kullanıcılar büyük bulut sağlayıcılarının uyguladığı yüksek fiyat marjlarından kaçınabiliyor.

CPX Token Ne İşe Yarar? CPX, CapIX Protocol ekosisteminin yerel tokenidir ve Solana Token-2022 standardı üzerinde geliştirilmiştir. Platformda kullanıcılar bugün için doğrudan SOL ve USDC ile ödeme yapabiliyor. Ancak CPX token, gelecekte devreye alınacak zincir üstü uzlaşma (on-chain settlement) katmanının temel varlığı olarak tasarlandı.

CPX’in kullanım alanları arasında şunlar bulunuyor:

Ağ üzerindeki uzlaşma işlemleri, Protokol ücretlerinin yönetimi, Yakım (burn) mekanizması, Hazine fonunun desteklenmesi, Ekosistem teşvikleri. Proje, CPX token bulundurmayı zorunlu kılmadan ağın kullanılabilmesini hedefliyor.

CapIX’in Avantajları CapIX Protocol, geleneksel bulut hizmetlerine alternatif oluşturabilecek çeşitli avantajlar sunuyor.

Öne çıkan özellikleri şunlardır:

Merkeziyetsiz işlem gücü ağı Kullanılmayan GPU ve CPU kaynaklarının değerlendirilmesi Gerçek zamanlı fiyat karşılaştırması Solana tabanlı ödeme sistemi OpenAI uyumlu AI API desteği GPU kiralama hizmeti SSH erişimli bulut sunucuları Kullanıldığı kadar ödeme modeli API entegrasyonu Geliştiricilere yönelik kapsamlı araçlar Güvenlik ve Yol Haritası CapIX, güvenlik tarafında sıfır güven (Zero Trust) yaklaşımını benimseyen bir mimari kullanıyor. Platformda konteyner izolasyonu, tek kullanımlık SSH anahtarları, HMAC tabanlı kimlik doğrulama, işlem tekrarını önleyen güvenlik mekanizmaları ve Solana üzerinde doğrulanabilir ödeme kayıtları bulunuyor.

Projenin yol haritasında ise şu teknolojiler yer alıyor:

Gizli bilgi işlem (Confidential Computing) AMD SEV-SNP ve Intel TDX desteği NVIDIA Confidential GPU teknolojileri zkVM doğrulama sistemi Zincir üstü uzlaşma altyapısı eBPF tabanlı ağ izolasyonu Bu özelliklerin ilerleyen dönemlerde kademeli olarak kullanıma sunulması planlanıyor.

CapIX Protocol (CPX), merkeziyetsiz bulut bilişim ve yapay zeka altyapısını tek platform altında birleştirmeyi amaçlayan yenilikçi projeler arasında yer alıyor. Akıllı yönlendirme sistemi, küresel GPU ağı ve OpenAI uyumlu yapay zeka servisleriyle hem geliştiricilere hem de kurumsal kullanıcılara düşük maliyetli bilgi işlem imkânı sunmayı hedefliyor. CPX token ise gelecekte devreye alınacak zincir üstü uzlaşma mekanizmasının merkezinde yer alacak. Merkeziyetsiz AI ve bulut bilişim sektörünün büyümesiyle birlikte CapIX’in geliştirdiği teknolojilerin yakından takip edilmesi bekleniyor.

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The author, a medical doctor and health economist, produces content on cryptocurrency markets, blockchain technologies, digital assets, and global finance.As a cryptocurrency writer and investor, he closely follows Bitcoin, altcoins, market trends, macroeconomic developments, token economies, and innovations in the digital asset ecosystem. By combining perspectives from health economics and financial analysis, he evaluates developments in cryptocurrency markets using a clear and data-driven approach.

What Was The 1.16 Trillion SHIB Move About?Blockchain data from Arkham Intelligence showed Coinbase moved the tokens across three newly created wallets with no prior transaction history, without touching the spot market order book at all. 

Crypto analyst LuckSide Crypto said in a YouTube video the transfer is routine internal custody management, not a selling signal.

The three transfers broke down as 573 billion SHIB from an unmarked wallet, 242 billion SHIB, and 348 billion SHIB. 

LuckSide Crypto noted that exchange supply overall keeps falling, which he views as a long-term constructive sign regardless of the size of the internal movement.

Moreover, SHIB recently fell as low as 33rd in the crypto market rankings before climbing back to 31st, recovering ground as selling pressure eases.

Is Selling Pressure Actually Easing?SHIB’s daily volume has dropped from around $100 million to the $50 million to $70 million range while price has been trading sideways, a sign the heavy capitulation selling from earlier this year is starting to flatten out.

The analyst said that whale wallet counts continue rising even as price has not followed, a setup that typically precedes accumulation phases rather than fresh breakdowns. 

He noted the June lows were some of the most oversold readings SHIB has produced in its history, comparable only to August 2024.

Key catalysts to watch next week include the Clarity Act Senate floor vote, an FOMC meeting, and a PCE inflation report, all of which could inject volatility into the broader crypto market and directly impact SHIB’s next directional move.

Is Shiba Inu Price Showing Signs Of A Bullish Reversal?SHIB remains in a bearish trend structure with the 20-day SMA below the 50-day and the 50-day below the 200-day, keeping the path of least resistance pointed down. 

The token is down 70% over the past 12 months, which means any bounce faces overhead supply quickly.

MACD sits above its signal line with a positive histogram, an early sign that downside pressure is easing even if the bigger trend has not flipped yet. 

Moreover, SHIB has tested its 20-day moving average every session this week and been rejected each time, with the $0.00000504 level acting as the key support zone to watch on any pullback.

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Today's Connections

Credit: NYT / Erik Kain

Welcome back, Connectioneers! If you’re looking for help with today’s puzzling NYT Connections puzzle, I’m here to offer my assistance with some extra clues and the solutions to the Yellow, Blue, Green and Purple groups.

Alright, alright, alright. Sunday Connectioneers, I hope you’re not working too hard. It’s a day designed by the celestial powers that be for sitting around and soaking up the sun. Head to the beach, but bring your NYT Games App with you and let’s solve today’s Connections!

Also be sure to check out my weekend streaming guide for all the best TV shows and movies to watch this weekend. There’s some great new stuff out, both at home and in theaters.

ForbesWhat To Watch This Weekend: New Shows And Movies To Stream On Netflix, Hulu, Prime Video, Apple TV And MoreBy Erik Kain

Let’s do this!

If you’re looking for Saturday’s Connections guide, it’s right here.

Play Puzzles & Games on Forbes

How To Play ConnectionsConnections is the second-most popular NYT Games puzzle game outside of the main crossword itself, and an extremely fun, free offering that will get your brain moving every day. Play it right here.

The goal is to take a group of 16 words and find links between four pairs of four of them. They could be specific categories of terms, or they could be little world puzzles where words may come before or after them you need to figure out. And they get more complicated from there.

There is only one set of right answers for this, and you only get a certain number of tries so you can’t just spam around until you find something. There are difficulty tiers coded by color, which will usually go from yellow, blue/green to purple as difficulty increases, so know that going in and when you start linking them together.

You pick the four words you think are linked and either you will get a solve and a lit up row that shows you how you were connected. If you’re close, it will tell you that you’re one away. Again, four mistakes you lose, but if you want to know the answers without failing, either come here, or delete your web cookies and try again. If you want to play more puzzles, you can get an NYT Games subscription to access the full archives of all past puzzles.

NYT Connections Hints And Answers – Saturday July 26Below, we’ll get into some extra hints for each Connections group – Yellow, Blue, Green and Purple – and then the official clues and answers.

Here are today’s Connections words:

breakersyncswirlfusegamerelayflushconnectpairrefilldrainjoinswitchstraightpokerlongHere’s an Extra Hint for Each Connections Group🟡Yellow group – Young parents, take heed.🟢Green group – Used to be cutting edge, now it’s in the trash bin (or a storage box).🔵Blue group – Not descriptions of a blue sky sunny day.🟣Purple group – Think of what you might find on that beach.One Word for Each Connections Group: 🟡Yellow group – first words🟢Green group – plasma tv🔵Blue group – scotch mist🟣Purple group – gas stationWhat Are Today’s Connections Groups?Alright, the full spoilers follow here as we get into what the groups are today:🟡Yellow group – baby milestones🟢Green group – outmoded consumer tech🔵Blue group – expressions for rain🟣Purple group – what "shell" might refer toWhat Are Today’s Connections Answers?The full-on answers are below for each group, finally inserting the four words in each category. Spoilers follow. The Connections answers are:🟡Yellow group – crawling, first words, rolling over, solid food🟢Green group – blackberry, discman, dvd player, plasma tv🔵Blue group – april showers, liquid sunshine, scotch mist, wet weather🟣Purple group – carapace, gas station, pastry crust, rowing boatHere’s the finished puzzle in the order I solved it:

Today's NYT Connections

Screenshot: Erik Kain

Today’s NYT Connections is a 1/5 on the Connections Bot difficulty scale so about as easy as they come, and I think it relied on the two-word combos to hopefully throw people off. Unfortunately, even though some of these were super obscure – LIQUID SUNSHINE and SCOTCH MIST are not phrases I’m familiar with – most everything else in the Yellow, Green and Blue categories was shockingly obvious. Not much in the way of red herrings or really anything to make this a particularly interesting or impressive Connections puzzle other than the Purple group. I admit, that’s a pretty clever way to connect “SHELL.”

How’d you do on today’s Connections? Let me know on Twitter, Instagram, or Facebook.

Find more guides to Wordle, Pips and Strands on my blog where you can also follow me for TV and movie and video game coverage. Let me know if you have any fun puzzle games in your rotation that I should try on Twitter, Instagram, or Facebook. Have a great Sunday!

John L. Schwietz, Executive VP and CFO of Valmont Industries, Inc. (VMI -0.50%), executed a direct purchase of 208 shares of common stock on July 23, 2026. SEC Form 4 filing.

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Transaction summaryMetricValueTransaction value~$101,119Shares purchased (direct)208Post-transaction shares (directly held)2,992Post-transaction value$1.46 millionTransaction value based on SEC Form 4 weighted average purchase price ($486.15); post-transaction value based on July 23, 2026 market close ($488.60).

Key questionsWhat was the magnitude of the purchase relative to the executive's total direct position?
The purchase of 208 shares expanded John L. Schwietz's direct stake by 7%, increasing his total holdings to 2,992 shares of common stock.How does the total market value of the current holdings compare to the transaction cost?
The CFO's total direct position is valued at $1.46 million as of the July 23, 2026 market close, following an investment of approximately $101,119 at $486.15 per share.In what market context did this insider purchase occur?
The transaction was executed as Valmont Industries shares have recorded a 36% total return over the 12-month period ending July 23, 2026, while the company maintains a market capitalization of $9.4 billion.Company OverviewMetricValueShare Price (as of market close 2026-07-23)$488.60Market Capitalization$9.4 billionRevenue (TTM)$4.2 billionNet Income (TTM)$505.7 millionCompany SnapshotValmont Industries designs, manufactures, and distributes engineered metal, steel, aluminum, and composite structures, including poles, towers, and infrastructure components, through its Infrastructure segment, while also providing agricultural irrigation systems and equipment through its Agriculture segment.The company generates revenue through the design and production of engineered products for infrastructure applications and agricultural irrigation solutions, operating a capital-intensive manufacturing model with global distribution capabilities across North America, Australia, Brazil, Denmark, and other international markets.Valmont serves utility companies, telecommunications providers, renewable energy developers, and agricultural producers worldwide, positioning itself as a critical supplier of infrastructure components and irrigation technology to support global energy transmission, communications networks, and agricultural productivity.Valmont Industries is a diversified industrial conglomerate with approximately $4.2 billion in trailing twelve-month (TTM) revenue and a market capitalization of $9.4 billion, demonstrating significant scale in engineered products and infrastructure solutions. The company operates a dual-segment business model spanning Infrastructure and Agriculture, leveraging its manufacturing expertise and global footprint to serve essential end markets. With a net profit margin of approximately 11.8% on TTM results, Valmont exhibits operational efficiency and competitive positioning in capital-intensive industrial markets characterized by long-term infrastructure and agricultural investment cycles.

What this transaction means for investorsThere are many reasons an insider may sell stock in a company, not all of which have to do with his or her feelings about the direction of the stock price, such as having to pay a large personal expense.

There is only one reason an insider buys: they believe the stock price is going up.

Through that prism, Schwietz’s purchase of $100,000 worth of Valmont shares is bullish. Even more so when you consider that studies show an insider purchase predicts the share price being higher in 30 days more often than not.

Schwietz was appointed CFO in April after serving as an executive in various capacities throughout the business since 2009. He knows Valmont inside and out. That he is voting with his wallet on shares is a good sign.

Also, a positive signal for investors: strong second quarter fiscal 2026 earnings. Earlier this week, the company reported that Q2 sales rose 6.5% to $1.12 billion, with the company swinging to net income of nearly $120 million after posting a small net loss a year prior. Management also projected full-year sales should rise more than 6% with much better earnings per share.

A relatively small share purchase by CFO Schwietz is not by itself a full-throated call to buy Valmont Industry shares, but taken as part of a mosaic of information about the business, it’s a positive signal for investors.

Archer Aviation is moving toward FAA certification for its Midnight aircraft with heavy backing from major airline and defense partners. Intuitive Machines has established itself as a critical lunar infrastructure provider for NASA and the growing space economy.

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Space Exploration Technologies (SPCX -2.85%) went from being the biggest initial public offering (IPO) in history to one of the worst-performing IPOs in a long time. That's the market at work.

SpaceX was valued at about $1.8 trillion upon going public, but its underlying fundamentals didn't justify that valuation. Hype and hope aren't typically good investment strategies over the long term. Now that the stock has tumbled, it's time to think about when the right investment point might be.

Image source: The Motley Fool.

Let the market work SpaceX stock has given back more than $1 trillion from its peak valuation reached less than a week after it went public. With shares recently trading at about $118, patient investors can now own the stock well below its $135 IPO price and $161 first day closing price. The question now is by how much SpaceX shares might drift lower. It's especially timely to ask that, given its first quarterly earnings report since going public is due on Aug. 4.

First, investors need to realize that SpaceX isn't going to operate like a traditional business going public. It was listed at a valuation that made no sense fundamentally. While the company had about $18 billion in 2025 revenue, those who bought shares at the IPO were looking far into the future for much higher revenue and profit potential.

That helps explain why SpaceX has performed so poorly in its short public life. According to a Barron's analysis, the stock has underperformed compared to 90% of other U.S. IPOs with market capitalizations of $1 billion or more since July 2009.

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Wait a few days after earnings It's hard to judge what a good valuation would be to buy into SpaceX. It has huge potential with its SpaceXAI data center business, not to mention Starship rocket launches and the possibility of orbital data centers.

So one isn't going to make it a value investment where a traditional price-to-sales (P/S) or price-to-earnings (P/E) metric applies. Whether it declines enough to reach a $1 trillion valuation -- or about $76.5 per share -- is impossible to know. But investors do have a sense of the timing that might be appropriate.

SpaceX's initial earnings report will be Aug. 4. That, of course, is an important date to remember. But that report also triggers the start of the company's unique staged lock-up expiration. The actual trading unlock happens two days later on Aug. 6.

At that point, an initial tranche of over 900 million shares will be available for early investors and employees to sell. It seems likely that some will gladly monetize their stake. That would be when I would begin buying a position in SpaceX.

And there's no reason to jump in all at once, either. Investors should review the company's earnings release and then determine a strategy for building a position after Aug. 6.

Howard Smith 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.

Tesla (TSLA -2.14%) shareholders had a rough Thursday. Shares of the electric car maker sank about 15% following the company's second-quarter report, closing at $319.69 -- near the bottom of a 52-week range that runs from $297.82 to $498.83.

But Wall Street barely budged. The average analyst price target on the stock sits near $412 as of this writing, about 29% above Thursday's close. And across the 44 analysts covering the company, the consensus rating is still a buy.

That's quite a gap. So is the drop a buying opportunity, or is Wall Street just slow to mark down a story it has believed in for years?

Image source: Tesla.

The quarter behind the drop Tesla's revenue rose 26% year over year to $28.2 billion in the second quarter of 2026, helped by 480,126 vehicle deliveries -- the company's best second quarter ever. That marked an acceleration from 16% growth in Q1, and it pushed the company past $100 billion in trailing-12-month revenue for the first time. After revenue shrank last year, the top line is moving again.

The profit side is another matter. Operating income fell 57% year over year to $398 million, squeezing Tesla's operating margin to 1.4% from 4.1% a year earlier. Adjusted earnings per share came in at $0.33, down 18% from a year earlier. For every dollar of record revenue, barely a penny reached operating profit.

Notably, the problem wasn't the economics of selling cars. Tesla's automotive gross margin slipped only modestly, to 16.9%.

The damage came from everything below that line, as the company spends heavily on AI (artificial intelligence), its robotaxi service, and its Optimus robot program, plus stock-based compensation tied to CEO Elon Musk's 2025 pay award. Regulatory credit revenue, a high-margin helper in past quarters, also collapsed 67% to $146 million.

And for the first time in years, the quarter burned cash. Capital expenditures more than doubled to $5.8 billion, pushing free cash flow to negative $1.1 billion.

In short, Tesla delivered record second-quarter volume and record revenue, and almost none of it reached operating profit. That's the quarter the market repriced on Thursday.

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What the 29% of upside is made of Now back to that $412 average price target.

A price target is a model's output. And the analysts behind those models are, on average, still crediting Tesla for a future of high-margin software, a scaled robotaxi network, and strong returns on all of this AI spending. The 29% gap between the target and Thursday's close arguably measures faith in that future more than it measures a discount on the business Tesla runs today.

After all, even at $319.69, the stock trades at about 300 times earnings. A company earning $0.33 a share in its best revenue quarter ever doesn't support a price like that on its own. So much future success is already priced in that the shares can fall 15% and still not look cheap on any near-term measure.

To be fair, the report offered evidence the newer businesses are moving. Services and other revenue rose 50% year over year, and energy storage deployments climbed 41% to 13.5 gigawatt-hours. But those lines remain small next to the car business that still pays Tesla's bills, and neither is yet big enough to carry the company's margin on its own.

So I don't treat the gap between the price and the target as an opportunity in itself. Targets get updated on a delay after a move this size.

The average could keep drifting down toward the price instead of the price rising to meet it.

Could the models be right? Sure.

If Tesla's robotaxi and AI bets pay off on anything like the timeline the bulls expect, today's price may well look cheap in hindsight. That has happened with this company before. I just don't think investors should pay about 300 times earnings for that outcome while the operating margin sits at 1.4% and the spending is still accelerating.

I'm not buying the drop, and the 29% of upside on paper doesn't change that. What would get my attention is profit growth showing up alongside the revenue growth.

Microsoft (MSFT) reports earnings July 29, with investors focused on whether its massive AI investments are paying off. In this Tech Corner, George Tsilis breaks down expectations for Azure, Copilot, and Microsoft's rapidly expanding AI business, as Wall Street looks for signs that rising cloud revenue will justify all the spending.

Federal safety regulators have recalled more than 16,800 fabric dressers sold through Walmart.com after determining the units fail to meet mandatory federal stability standards designed to prevent tip-over accidents involving children.

The Consumer Product Safety Commission (CPSC) announced Thursday that about 16,809 EnHomee 9-Drawer Fabric Dressers are being recalled because they are unstable if not anchored to a wall, creating tip-over and entrapment hazards that could result in serious injury or death to children.

The agency said the dressers violate the mandatory federal safety standard for clothing storage units required under the STURDY Act, a law enacted to help prevent furniture tip-over incidents involving children.

The recalled dressers were sold on Walmart.com by third-party seller Raybee-Direct between September 2023 and March 2026 for about $80. They were available in white, brown, gray and black and feature nine fabric drawers supported by a metal frame. Only units ordered before March 30, 2026, are included in the recall.

Federal safety regulators have recalled more than 16,800 fabric dressers sold through Walmart.com Sundry Photography – stock.adobe.com The CPSC said no injuries or incidents related to the recalled dressers have been reported.

TickerSecurityLastChangeChange %WMTWALMART INC.109.47+1.07+0.99% Consumers should stop using the dressers immediately if they are not anchored to a wall and move them to an area that children cannot access, according to the agency.

Consumers can contact Raybee-Direct for instructions on determining whether their dresser is included in the recall and how to dispose of it to receive a full refund.

The Consumer Product Safety Commission (CPSC) cited failure to meet federal stability standards under the STURDY Act. Consumer Product Safety Commission To complete the refund process, consumers must submit a photo showing the dresser has been disposed of.

The recalled dressers were manufactured in China by Xuzhou Mingquanhe Household Co., Ltd. and imported by Changsha Yiman Keji Youxian Gongsi, doing business as Raybee-Direct.

Consumers seeking additional information can contact Raybee-Direct by emailing [email protected].

FOX Business has reached out to Walmart and Raybee-Direct for comment.

Apple (AAPL +3.52%) spent about a decade trying to build a car and canceled the effort in February 2024. Roughly 2,000 employees were reportedly working on it, and the company is reported to have spent billions before shutting it down and moving much of the team to artificial intelligence (AI).

But Apple's technology is still finding its way into vehicles.

Apple and Ford (F +1.55%) announced that Apple Maps will power the navigation experience in Ford's Universal Electric Vehicle Platform beginning in 2027, delivered through a new developer kit Apple calls MapKit for Automotive. The first vehicle on that platform is a midsize electric vehicle Ford has priced around $30,000.

"Our new midsize electric vehicle will be priced around $30,000 and redefines what advanced technology can be," said Ford CEO Jim Farley in Apple's announcement.

Image source: Getty Images.

What Apple is actually supplying The arrangement goes deeper than a phone-mirroring screen. CarPlay projects an iPhone onto a car's display. This embeds Apple Maps into the vehicle itself, with Ford able to shape the look to match its own design.

Drivers get turn-by-turn directions with natural-language search, live traffic and incident data, and EV routing that preconditions the battery before a charging stop.

The more interesting piece, however, is underneath. Apple said the kit supplies road-level information automakers can use to build hands-free driving experiences, and Ford is wiring it into the next generation of BlueCruise -- its hands-free highway system.

That is a different job than drawing a map. It makes Apple a supplier to someone else's autonomy program.

"Apple Maps delivers the best map experience in the world, and we're excited to bring the power of Maps' navigation technology to Ford's innovative Universal Electric Vehicle Platform," said Eddy Cue, Apple's senior vice president of services and health.

Why this beats the version Apple abandoned Look at what Ford's side of the business actually earns and the contrast is hard to miss. Ford carries a market capitalization of about $57 billion, which is a little more than 1% of Apple's roughly $4.9 trillion. It lost money over the past twelve months. And on Friday it recalled more than 565,000 Broncos over a wiring problem that can start an engine fire.

Building cars is a capital-hungry, low-margin business. Apple would have entered it as a beginner.

Selling the software layer into it is the opposite trade. After all, Apple's services segment produced an all-time record of about $31 billion in revenue in the fiscal second quarter (the period ended March 28, 2026), up about 16% year over year, and services carried a gross margin near 75% in fiscal 2025 against about 36% for products.

Investors should maintain perspective, though. Apple hasn't disclosed what Ford pays, and a mapping license on one vehicle platform launching in 2027 arguably won't show up as a line anybody can find in the services number.

The value here is reach, not a fee. Apple Maps has been an iPhone feature since 2012, useful mainly to people already inside the ecosystem. Embedded in a Ford, it becomes something a driver uses whether or not they own an iPhone -- and every mile driven feeds map data back.

This comes at a time when Apple's business already has strong momentum. Fiscal second-quarter revenue rose 17% year over year to $111.2 billion and earnings per share climbed 22% to $2.01, with iPhone setting a March-quarter record. Growth like that came after fiscal 2025 revenue grew about 6% for the full year, so the top line has accelerated sharply.

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There are risks, of course. Ford could sell fewer of these vehicles than it hopes, the 2027 timeline could slip, and other automakers may prefer Android Automotive, the competing system from Google parent Alphabet, which already sits in some of Ford's rivals.

So what do I make of it? A small deal in dollars, and a meaningful one in direction. Apple has now bought its way into vehicles through software and services, expanding its reach and increasing its optionality for future growth opportunities.

Shares trade around $333 as of this writing, near their record high, at about 40 times earnings. That is a premium price for a company this size, and I'd say the stock is a hold rather than a bargain here.

But I own it, and Thursday is a reasonable illustration of why. The car program looked like a failure in 2024. Two years later, Apple is in the dashboard of one of Ford's most important new vehicles.

SDOG spreads dividend risk across 51 equal-weighted holdings, delivering a 3.4% yield and 27% price appreciation over the past year.

LMT's Q1 FCF went negative while $816 million in dividends were paid, but KMI grew FCF 73% and earned a Moody's credit upgrade.

The Motley Fool told its subscribers to buy Amazon in 2002, Netflix in 2004, and Nvidia in 2005. Stock Advisor still publishes two new stock picks every month — and over 23 years, has more than quadrupled the S&P 500. Click here to receive the next recommendation.

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The ALPS Sector Dividend Dogs ETF (NYSEARCA:SDOG) pays a trailing dividend yield of 3.4%, distributing $2.38 per share annually across quarterly payments. SDOG applies the Dogs of the Dow logic to the full S&P 500, isolating the five highest-yielding stocks in each of ten GICS sectors and equal-weighting them.

The question is whether that mechanical yield-chasing produces a durable income stream or concentrates capital in businesses whose dividends are at risk. A holding-by-holding look at SDOG suggests the answer is mostly the former, with two clear exceptions worth understanding.

How SDOG Manufactures Its Yield The fund selects the top five yielders per sector, weights each position near 2%, caps each sector near 10%, and rebalances quarterly. The result is 51 holdings, with the top ten representing only about 22% of assets. That structure spreads dividend risk widely: no single company failure can meaningfully dent the distribution. The trailing payout ratio sits at 53%, meaning the underlying holdings collectively distribute about half their earnings. SDOG’s expense ratio is 0.36%, and beta is 0.72.

Where the Income Actually Comes From Lockheed Martin (NYSE:LMT | LMT Price Prediction) is the fund’s largest position at 2.49%. The dividend stepped up to $3.45 quarterly, but Q1 2026 free cash flow was negative $291 million against $816 million in dividends paid. That quarter did not cover its payout. Management reaffirmed full-year FCF guidance of $6.5 to $6.8 billion, which would restore coverage, but F-16 program charges and fixed-price contract risk make the H2 recovery a real assumption rather than a given. Edison International (NYSE:EIX) yields 4.4% and raised its quarterly to $0.8775, its 22nd consecutive year of dividend growth. Board confidence held even as Southern California Edison extended roughly 1,500 Eaton Fire settlement offers exceeding $500 million. The company targets a 45 to 55% payout of SCE core earnings and expects no new equity issuance through 2030. SB 254 established an $18 billion continuation fund that materially caps utility exposure. Kinder Morgan (NYSE:KMI) grew Q1 free cash flow 73% to $687 million, Moody’s upgraded the credit to Baa1, and net debt to adjusted EBITDA fell to 3.6x. The $10.1 billion project backlog is 92% natural gas, giving the 2% dividend hike genuine runway. This is the safest income contributor in the top five. Merck (NYSE:MRK) carries a 2.6% yield and $0.85 quarterly payout. GAAP results are distorted by $14.8 billion in Cidara and Terns acquisition charges, but non-GAAP FY26 EPS guidance of $5.04 to $5.16 and KEYTRUDA growth of 12% to $8.03 billion keep cash generation intact. Long-term KEYTRUDA patent exposure is the risk. Chevron (NYSE:CVX) delivered its 39th consecutive annual increase and pays $1.78 quarterly. Q1 free cash flow was negative $1.55 billion on $2.9 billion of timing effects, but FY25 free cash flow was $16.6 billion. WTI at $79.20 sits comfortably above breakeven levels for the dividend. Total Return Alongside the Payout Yield only matters if the NAV holds up. SDOG is up almost 20% year to date and 27% over the past year at $71. Dividend growth of nearly 9% compounds on top of price appreciation, so shareholders are not paying for yield with capital erosion.

The Verdict The distribution looks safe. The equal-weight structure prevents any single dividend cut from meaningfully damaging the payout, four of five top holdings have covered dividends or credible paths back to coverage, and the aggregate 53% payout ratio leaves a cushion. Lockheed’s quarterly cash miss is worth tracking, but full-year guidance and defense backlog make it a monitoring item rather than a red flag. Investors seeking lower yield with faster growth may prefer a dividend-appreciation fund; those wanting the broad sector diversification of the Dogs approach with income today are getting what SDOG advertises.

If You'd Bought Amazon When the Motley Fool Said To…In September 2002, Stock Advisor told subscribers to buy Amazon. In December 2004, Netflix. In April 2005, Nvidia. The newsletter still publishes two new stock picks every month — and over 23 years, has more than quadrupled the S&P 500. Here's how to get this month's picks:

- Join Stock Advisor for one year, with a 30-day money-back guarantee

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- Read the analysis, decide for yourself, and trade through your own brokerage

Five years from now, you'll probably wish you'd bought this month's picks. Don't miss them.

Contact [email protected] for any questions or corrections.

About the Author David Beren →

David Beren has been a Flywheel Publishing contributor since 2022. Writing for 24/7 Wall St. since 2023, David loves to write about topics of all shapes and sizes. As a technology expert, David focuses heavily on consumer electronics brands, automobiles, and general technology. He has previously written for LifeWire, formerly About.com. As a part-time freelance writer, David’s “day job” has been working on and leading social media for multiple Fortune 100 brands. David loves the flexibility of this field and its ability to reach customers exactly where they like to spend their time. Additionally, David previously published his own blog, TmoNews.com, which reached 3 million readers in its first year. In addition to freelance and social media work, David loves to spend time with his family and children and relive the glory days of video game consoles by playing any retro game console he can get his hands on.

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Elon Musk is known for making bold statements. For example, the two data centers he's setting up in Tennessee are called Colossus I and Colossus II. What's notable for energy investors is that these artificial intelligence-focused data centers are powered by natural gas, much to the ire of nearby residents due to the gas turbines' noise and pollution concerns.

But the power has to come from somewhere, which is why investors will likely find high-yield midstream giants like Enterprise Products Partners (EPD -0.18%) and Enbridge (ENB +0.77%) of interest. However, even if you don't want to invest in carbon fuels, you can still find high-yield options like Brookfield Renewable Partners (BEP +0.15%). It is already working to support Microsoft's and Alphabet's AI data centers. The best part, all three have yields well over 4.5%.

Image source: Getty Images.

Power demand is increasing at a rapid clip Between 2005 and 2025, electricity demand increased by 10%. Between 2025 and 2045, however, demand is projected to increase by 60%. That's a step change in demand driven by a shift toward electricity as a power source and, at the same time, new technology, including electric cars and artificial intelligence (AI).

Meeting that demand won't be easy, and it is already causing problems for the AI industry. One of the quickest ways to develop new power sources is through natural gas turbines. There are drawbacks, as Mississippi residents are aware, since the off-grid power plants for one of Musk's Tennessee AI data centers are located there. Still, when it needed power fast, Space Exploration Corporation (SPCX -2.85%) did what it needed to do. And the U.S. government appears to be supporting the company's move to use natural gas turbines despite local pushback.

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Natural gas is likely to be a key AI fuel for years to come. This makes Enterprise and Enbridge, two of the largest midstream businesses in North America, attractive high-yield investments. The key is that both make money by charging fees for the use of the energy infrastructure assets. So demand for energy is more important than the price of the energy being moved through their systems.

Enterprise's yield is 5.7%, the highest on this list. It has increased its distribution annually for 27 consecutive years. Enbridge's yield is 4.9%, and it has increased its dividend, in Canadian dollars, for 31 years. To be fair, these are indirect plays on the AI sector, since they rely on overall natural gas demand. But both are reliable, though slow-growing, high-yield investments.

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Brookfield Renewable offers a cleaner AI play If you don't want to own a carbon-focused business, you can still buy a high-yield energy supplier to the AI sector in Brookfield Renewable Partners. This business owns a global portfolio of clean energy assets, including hydroelectric, solar, wind, storage, and nuclear. It operates outside of the regulated utility framework, selling power directly to companies using long-term contracts. As noted above, it has agreements with Microsoft and Google to supply power to their data centers.

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Brookfield Renewable Partners' distribution yield is 4.9%. The distribution has been increased regularly for a decade, noting that the business isn't as old as the two midstream businesses highlighted above. That said, there is an important difference here. Brookfield Renewable actively manages its portfolio, so it is always buying and selling assets. Enterprise and Enbridge tend to build (or buy) assets and then hang on to them for a long time. Investors who choose Brookfield Renewable should probably pay closer attention to quarterly results to stay on top of portfolio developments.

Power is the ultimate AI pick-and-shovel play When you step back, AI is really just a fancy computer program. It can't "live" without electricity. That makes power a key supply story and one that won't simply go away once an AI data center has been built, because power will always be required to keep the AI running. High-yield natural gas pipeline operators like Enterprise and Enbridge are a good way to play electricity demand growth. Brookfield Renewable is another, for those who prefer to avoid carbon fuels. All three offer big yields backed by reliable cash flows.

AbbVie (ABBV +0.84%) was spun off from Abbott (ABT +2.29%) in 2013. That's an important fact to keep in mind when you look at AbbVie's Dividend King status. Technically, it hasn't increased its dividend annually for 50 years because it hasn't existed as a stand-alone company for 50 years. But don't let that fact dissuade you from looking at this much-loved dividend stock. Here's what you need to know.

Carrying the Dividend King mantle While AbbVie inherited its status as a Dividend King from its former parent, Abbott, it has increased its dividend every year since the spin-off. It is clear that AbbVie understands how important dividends are to its shareholders.

Image source: Getty Images.

Meanwhile, today's yield is quite attractive at 2.7%. For comparison, the S&P 500 Index's (^GSPC +0.05%) yield is only around 1%, and the average pharmaceutical stock's yield is just 1.5%. The problem is that the payout ratio is a shockingly high 330% right now. But that's not necessarily the best gauge here.

AbbVie generates high, recurring cash flows from drug sales. Since dividends are paid from cash flow, the earnings picture isn't a complete view of a company's dividend-paying ability. Looking at cash flows, AbbVie's cash dividend payout ratio is around 60%. That suggests the dividend is on much firmer ground than it appears to dividend investors at first. Meanwhile, the balance sheet is investment-grade rated, so the company is financially strong.

What about AbbVie's drug business? AbbVie has a strong foundation in immunology and oncology. Through acquisitions, it has entered the aesthetics and neuroscience spaces, while bolstering its oncology position. Immunology is an interesting example of the company's drug pipeline.

Humira was a blockbuster drug for AbbVie, but like all drugs, it eventually lost patent protection. When that happens, revenues usually fall as generic versions of the drug enter the market. However, AbbVie introduced Skyrizi and Rinvoq, which appear to be more effective than Humira. That has helped to soften the hit from Humira's patent expiration.

Notably, AbbVie recently agreed to buy Apogee (APGE +0.01%) for roughly $11 billion. According to AbbVie, the deal will bring with it "multiple clinical-stage candidates in development across inflammatory and immunological diseases, including atopic dermatitis (AD) and asthma." Essentially, this transaction builds on the company's strengths and positions it well for the future. That's exactly what the company achieved with previous acquisitions, including Allergan, Cerevel, and ImmunoGen.

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But there's another nuance hidden in the portfolio, as well. The company makes Botox, a drug whose patent protection has expired. However, this drug falls into the aesthetics category, where brand names are much more important. So, it remains a very profitable source of revenue for the company and will likely remain so for years to come. That's a foundation that most pharmaceutical companies don't have. Botox, meanwhile, is also finding healthcare uses, including its approved treatment of migraines, and is being used off-label in other areas, such as erectile dysfunction, which could lead to approved uses down the line.

When you step back and look at the big picture, AbbVie has a proven track record of developing valuable drugs. It has a proven track record of acquiring companies with attractive drug candidates. And it has an underlying foundation in Botox that differentiates it from its peers.

AbbVie: A worthwhile long-term dividend holding As a spin-off, AbbVie may not have earned its place on the Dividend King list. But it has certainly proven it deserves to stay on the list. Given the attractive yield, it's little wonder why Wall Street can't get enough of this high-yield drug maker. If you are a long-term dividend investor, you might want to get in on the action, too.

Micron Technology (NASDAQ: MU) has suffered a sharp correction over the past month, with shares falling about 25%.

Notably, MU shares have declined from a record high near $1,255 in late June 2026 to about $920 at press time.

MU one-month stock price chart. Source: Google Finance The drop comes despite the company reporting record revenue, earnings, and margins, highlighting growing investor concerns about the sustainability of the AI-driven memory boom.

The decline has surprised many investors given Micron’s strong financial performance. However, the sell-off reflects concerns over future memory chip supply growth, valuation risks, profit-taking after an extraordinary rally, and broader weakness across the semiconductor sector.

The downturn began shortly after Micron reported exceptional fiscal third-quarter 2026 results.

The company posted record quarterly revenue of $41.46 billion, up 346% year-over-year, while adjusted earnings per share reached $25.11, well above Wall Street estimates. Gross margins climbed to roughly 85%, and management projected fiscal fourth-quarter revenue of about $50 billion.

Why Micron stock has plunged  Despite the strong results, Micron faced heavy profit-taking after a rally that saw the stock gain more than 700% over the past year on booming AI memory demand. Following the earnings-driven surge, many investors opted to lock in gains, accelerating the sell-off.

Another key concern is the cyclical nature of the memory industry. In this line, Micron has benefited from shortages of HBM, DRAM, and NAND chips used in AI infrastructure, pushing prices and margins to record levels. 

However, investors fear the industry may be nearing a cycle peak. Historically, strong profitability attracts new capacity, eventually leading to oversupply, lower prices, and weaker margins. 

As a result, the market is questioning whether Micron’s current earnings strength can be sustained over the long term.

Meanwhile, concerns about future supply have intensified as Samsung Electronics and SK Hynix ramp up investments to expand memory production capacity. 

Their aggressive spending plans have fueled expectations that current shortages could ease in the coming years. Meanwhile, Chinese memory maker CXMT is emerging as a competitive threat, with reports suggesting some customers are exploring alternative suppliers, raising concerns about Micron’s future pricing power.

The sell-off has also coincided with broader weakness across semiconductor and AI-related stocks. Investors are increasingly scrutinizing AI infrastructure spending and questioning whether hyperscalers can generate sufficient returns from massive data center investments. 

Concerns about slower AI spending growth and the development of custom chips by major technology companies have further weighed on sentiment toward AI hardware stocks.

Despite the correction, investors remain wary of assigning premium valuations to earnings they view as cyclical. 

After a rally of more than 700% over the past year, even modest concerns about future profitability triggered a sharp reassessment of the stock.

Micron stock outlook On the other hand, Micron’s near-term outlook remains strong. The company has secured long-term supply agreements backed by billions of dollars in customer commitments while continuing to invest in advanced memory technologies and new U.S. fabrication facilities. 

Management expects memory market conditions to remain tight through at least 2027, with only gradual supply improvements thereafter.

Semiconductor stocks are resuming their recent slide.