Track market-moving stories before they get noisy

Posted by Defense World Staff on Jul 23rd, 2026

Bessemer Group Inc. grew its position in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) by 45.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,577 shares of the data storage provider’s stock after purchasing an additional 1,121 shares during the period. Bessemer Group Inc.’s holdings in Sandisk were worth $2,272,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. State Street Corp purchased a new position in Sandisk during the 3rd quarter valued at approximately $491,053,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sandisk during the 3rd quarter worth approximately $297,293,000. Norges Bank purchased a new stake in shares of Sandisk during the 4th quarter worth approximately $518,889,000. Bank of America Corp DE bought a new position in shares of Sandisk during the 3rd quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC bought a new position in shares of Sandisk during the 3rd quarter valued at approximately $163,057,000.

Sandisk News Summary Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Reports say memory prices are still surging, which supports expectations for stronger revenue and margins at Sandisk. Memory Prices Are Still Skyrocketing. Is the Next Rally for Micron, Sandisk, and SK Hynix Just Beginning? Positive Sentiment: Analysts and market commentators continue to highlight Sandisk as a beneficiary of AI-related NAND demand, enterprise SSD growth, and favorable pricing dynamics. Sandisk Trades at 8.3X Discounted P/E: Time to Buy the Stock? Positive Sentiment: UBS and other strategists said the recent selloff in AI and semiconductor names may be nearing exhaustion, which could help sentiment rebound further in Sandisk. UBS sees Broadcom, Sandisk, Oracle stocks rebounding: here’s why Positive Sentiment: Tuesday’s memory-stock rally and Morgan Stanley’s forecast for another big jump in memory prices reinforced the bullish setup for SNDK. Micron, Western Digital, and Sandisk Just Jumped 12% to 14%. Here’s the Forecast That Did It. Neutral Sentiment: Some coverage noted that the stock also saw profit-taking and broader market weakness at times, which can create short-term volatility even within the stronger trend. Why Is Sandisk Stock Falling on Wednesday? Analyst Upgrades and Downgrades A number of research analysts recently weighed in on SNDK shares. Sanford C. Bernstein raised their target price on shares of Sandisk from $1,700.00 to $3,000.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Wells Fargo & Company upped their price target on shares of Sandisk from $1,250.00 to $1,620.00 and gave the company an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and set a $1,200.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Arete Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Finally, UBS Group set a $1,700.00 target price on shares of Sandisk in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Sandisk presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,820.90.

View Our Latest Research Report on SNDK

Insider Activity at Sandisk In related news, insider Bernard Shek sold 600 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $2,088.00, for a total value of $1,252,800.00. Following the transaction, the insider owned 31,515 shares of the company’s stock, valued at $65,803,320. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the sale, the executive vice president directly owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 6,225 shares of company stock valued at $10,166,297. Company insiders own 0.21% of the company’s stock.

Sandisk Stock Performance Shares of NASDAQ SNDK opened at $1,599.27 on Thursday. Sandisk Corporation has a fifty-two week low of $40.10 and a fifty-two week high of $2,354.39. The company has a market cap of $236.84 billion, a price-to-earnings ratio of 55.59 and a beta of 4.74. The business’s 50 day moving average price is $1,748.90 and its 200-day moving average price is $1,075.37.

Sandisk (NASDAQ:SNDK – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the firm earned ($0.30) EPS. Sandisk’s revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts predict that Sandisk Corporation will post 64.52 earnings per share for the current year.

About Sandisk (Free Report)

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.

See Also Five stocks we like better than Sandisk Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding SNDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandisk Corporation (NASDAQ:SNDK – Free Report).

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Net Interest Margin Expansion Drives Record Quarterly Revenue of $126 million;
Strong Year-Over-Year Core Deposit and Business Loan Growth

Announces Plans to Resume Share Buybacks

HAUPPAUGE, N.Y., July 23, 2026 (GLOBE NEWSWIRE) -- Dime Commercial Bancshares, Inc. (NYSE: DCOM) (the “Company” or “Dime”), the parent company of Dime Commercial Bank (the “Bank”), today reported net income available to common stockholders of $33.0 million for the quarter ended June 30, 2026, or $0.75 per diluted common share, compared to net income available to common stockholders of $32.8 million, or $0.75 per diluted common share, for the quarter ended March 31, 2026 and net income available to common stockholders of $27.9 million for the quarter ended June 30, 2025, or $0.64 per diluted common share.

Adjusted net income available to common stockholders (non-GAAP) was $34.7 million and adjusted diluted EPS (non-GAAP) was $0.79 per share for the quarter ended June 30, 2026, compared to $0.74 per share for the quarter ended March 31, 2026 and $0.64 for the quarter ended June 30, 2025 (see "Non-GAAP Reconciliation" tables at the end of this news release).

Stuart H. Lubow, President and Chief Executive Officer (“CEO”) of the Company, stated, “Dime continues to execute on our growth plan and delivered record quarterly revenue. Second quarter results were marked by strong growth in business loans as our commercial banking teams are converting their robust pipelines. Recognizing the progress we have made in creating a high-quality balance sheet, Kroll Bond Rating Agency recently issued a “Positive” ratings outlook for Dime. Finally, and in recognition of our evolution into a commercial and private banking powerhouse, we recently completed our re-brand to “Dime Commercial Bank”.”

Capital Return: Mr. Lubow, stated, “In light of our strong capital position, lower CRE concentration levels, stress testing results, and improving profitability, we are pleased to announce that we expect to begin repurchasing our shares in the third quarter.”

Highlights for the Second Quarter of 2026 included:

Adjusted diluted EPS of $0.79 per share for the second quarter of 2026, compared to $0.64 per share for the second quarter of 2025;Total deposits increased $937.0 million on a year-over-year basis;Core deposits (excluding brokered and time deposits) increased $948.3 million on a year-over-year basis;Average non-interest-bearing deposits to average total deposits for the second quarter increased to 31.0%;Business loans grew $280.8 million on a linked quarter basis and $743.0 million on a year-over-year basis;The net interest margin increased to 3.28% for the second quarter of 2026 compared to 3.21% for the prior quarter;The efficiency ratio decreased to 51.2% for the second quarter of 2026 compared to 55.0% for second quarter of 2025;The adjusted efficiency ratio decreased to 49.9% for the second quarter of 2026 compared to 54.7% for the second quarter of 2025;The Company’s Tier 1 Common Equity Ratio increased to 11.99% at the end of the second quarter;The Company’s Consolidated CRE Concentration ratio was proactively managed lower to 352%; andNon-performing assets declined by 28% on a linked quarter basis and represented 0.46% of Total Assets.
Management’s Discussion of Quarterly Operating Results

Net Interest Income

Net interest income for the second quarter of 2026 was $115.2 million compared to $112.3 million for the first quarter of 2026 and $98.1 million for the second quarter of 2025. The Net Interest Margin for the second quarter of 2026 was 3.28% compared to 3.21% for the first quarter of 2026 and 2.98% for the second quarter of 2025.

Mr. Lubow commented, “We continue to have a significant loan repricing opportunity that we anticipate will continue through 2027. Additionally, growth in core deposits and business loans will benefit us over time as we continue to grow our customer base. Our substantial liquidity position, which includes $1.9 billion of cash, provides us with the flexibility to take advantage of lending opportunities as they arise. Dime’s asset liability management profile, which is underpinned by our cash position and a growing floating rate loan portfolio, positions us well for a variety of interest rate scenarios.”

Loan Portfolio

The ending weighted average rate (“WAR”) on the total loan portfolio was 5.36% at June 30, 2026, an 8-basis point increase compared to the ending WAR of 5.28% on the total loan portfolio at March 31, 2026.

Outlined below are loan balances and WARs for the quarter ended as indicated.

                   June 30, 2026 March 31, 2026 June 30, 2025 (Dollars in thousands) Balance WAR(1) Balance WAR(1) Balance WAR(1) Loans held for investment balances at period end:                Business loans(2) $3,645,194 6.32%$3,364,435 6.28%$2,902,170 6.65%One-to-four family residential and coop/condo apartment  1,075,904 5.04  1,047,920 4.97  998,677 4.85 Multifamily residential and residential mixed-use(3)(4)  3,113,647 4.48  3,249,582 4.47  3,693,481 4.48 Non-owner-occupied commercial real estate  2,770,751 5.14  2,840,817 5.05  3,128,453 5.12 Acquisition, development, and construction  90,476 7.10  100,574 7.41  141,755 8.28 Other loans  8,401 11.81  9,597 11.53  6,336 11.08 Loans held for investment $10,704,373 5.36%$10,612,925 5.28%$10,870,872 5.33% (1)WAR is calculated by aggregating interest based on the current loan rate from each loan in the category, adjusted for non-accrual loans, divided by the total balance of loans in the category.(2)Business loans include commercial and industrial loans, and owner-occupied commercial real estate loans. At June 30, 2025, business loans included balances related to Paycheck Protection Program (“PPP”) loans; no PPP loans were outstanding at June 30, 2026 or March 31, 2026.(3)Includes loans underlying multifamily cooperatives.(4)While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio.   Outlined below are the loan originations for the quarter ended as indicated.

          (Dollars in millions) Q2 2026 Q1 2026 Q2 2025Originations Excluding New Lines of Credit $255.3 $220.4 $227.3Originations Including New Lines of Credit  533.4  500.1  450.5           Deposits and Borrowed Funds

Period end total deposits (including mortgage escrow deposits) at June 30, 2026 were $12.68 billion, compared to $12.60 billion at March 31, 2026 and $11.74 billion at June 30, 2025.

Brokered deposits were $200.0 million at June 30, 2026, compared to $215.0 million at March 31, 2026 and $200.0 million at June 30, 2025. Total Federal Home Loan Bank advances were $385.0 million at June 30, 2026, compared to $435.0 million at March 31, 2026 and $508.0 million at June 30, 2025.

Non-Interest Income

Non-interest income was $11.3 million during the second quarter of 2026, $11.3 million during the first quarter of 2026, and $11.6 million during the second quarter of 2025. Excluding the fair value change in equity securities and loans held for sale, and loss (gain) on sale of securities, loans and other assets, non-interest income was $13.2 million during the second quarter of 2026, $11.7 million during the first quarter of 2026 and $11.4 million during the second quarter of 2025.

Non-Interest Expense

Total non-interest expense was $64.7 million during the second quarter of 2026, $62.8 million during the first quarter of 2026, and $60.3 million during the second quarter of 2025. Excluding the impact of the net loss (gain) on extinguishment of debt, amortization of other intangible assets and severance expense, adjusted non-interest expense was $64.1 million during the second quarter of 2026, $63.4 million during the first quarter of 2026, and $59.9 million during the second quarter of 2025 (see “Non-GAAP Reconciliation” tables at the end of this news release).

The ratio of non-interest expense to average assets was 1.74% during the second quarter of 2026, compared to 1.68% during the linked quarter and 1.72% during the second quarter of 2025. Excluding the impact of the net loss (gain) on extinguishment of debt, amortization of other intangible assets and severance expense, the ratio of adjusted non-interest expense to average assets was 1.72% during the second quarter of 2026, 1.69% during the first quarter of 2026, and 1.71% during the second quarter of 2025 (see “Non-GAAP Reconciliation” tables at the end of this news release).

The efficiency ratio was 51.2% during the second quarter of 2026, compared to 50.8% during the linked quarter and 55.0% during the second quarter of 2025. Excluding the impact of loss (gain) on sale of securities, loans and other assets, fair value change in equity securities and loans held for sale, severance expense, net loss (gain) on extinguishment of debt, and amortization of other intangible assets, the adjusted efficiency ratio was 49.9% during the second quarter of 2026, compared to 51.2% during the linked quarter and 54.7% during the second quarter of 2025 (see “Non-GAAP Reconciliation” tables at the end of this news release).

Mr. Lubow commented, “Our organic growth strategy is paying dividends as evidenced by a decline in the core efficiency ratio to below 50% for the second quarter. Growth in revenues is anticipated to continue to drive the efficiency ratio lower in the years ahead.”

Income Tax Expense

Income tax expense was $13.1 million during the second quarter of 2026, $13.9 million during the first quarter of 2026, and $10.5 million during the second quarter of 2025. The effective tax rate for the second quarter of 2026 was 27.3%, compared to 28.7% for the first quarter of 2026 and 26.1% for the second quarter of 2025.

Credit Quality

Non-performing assets were $69.0 million at June 30, 2026, compared to $95.6 million at March 31, 2026 and $53.2 million at June 30, 2025.

A credit loss provision of $13.9 million was recorded during the second quarter of 2026, compared to $12.3 million during the first quarter of 2026, and $9.2 million during the second quarter of 2025.

Capital Management

Stockholders’ equity increased $23.5 million to $1.52 billion at June 30, 2026, compared to $1.50 billion at March 31, 2026.

The Company’s and the Bank’s regulatory capital ratios continued to be in excess of all applicable regulatory requirements as of June 30, 2026. All risk-based regulatory capital ratios increased during the second quarter of 2026.

Dividends per common share were $0.25 during the second quarter of 2026 and the first quarter of 2026, respectively.

Book value per common share was $31.79 at June 30, 2026 compared to $31.33 at March 31, 2026.

Tangible common book value per share (which represents common equity less goodwill and other intangible assets, divided by the number of shares outstanding) was $28.21 at June 30, 2026 compared to $27.73 at March 31, 2026 (see “Non-GAAP Reconciliation” tables at the end of this news release).

Earnings Call Information

The Company will conduct a conference call at 8:30 a.m. (ET) on Thursday, July 23, 2026, during which CEO Lubow will discuss the Company’s second quarter 2026 financial performance, with a question-and-answer session to follow.

Participants may access the conference call via webcast using this link: https://edge.media-server.com/mmc/p/kjwp3pui. To participate via telephone, please register in advance using this link: https://register-conf.media-server.com/register/BI0e414999c97e4bf0bc9fe67d53be989f. Upon registration, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access the call. All participants are encouraged to dial-in 10 minutes prior to the start time.

A replay of the conference call and webcast will be available on-demand for 12 months at https://edge.media-server.com/mmc/p/kjwp3pui.

ABOUT DIME COMMERCIAL BANCSHARES, INC.
Dime Commercial Bancshares, Inc. is the holding company for Dime Commercial Bank, a New York State-chartered trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island (1).

(1)Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for commercial banks with less than $20 billion in assets.   This news release contains a number of 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 (the "Exchange Act"). These statements may be identified by use of words such as “annualized," “anticipate," "believe," “continue,” "could," "estimate," "expect," "intend," “likely,” "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases, including references to assumptions. Any forward-looking statements presented herein are made only as of the date of this release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as may be required by law.

Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond the Company's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect our results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Company’s control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may affect demand for our products and reduce interest margins and the value of our investments; changes in government monetary or fiscal policies and actions may adversely affect our customers, cost of credit and overall result of operations; changes in deposit flows, the cost of funds, loan demand or real estate values may adversely affect the business of the Company; changes in the quality and composition of the Company’s loan or investment portfolios or unanticipated or significant increases in loan losses may negatively affect the Company’s financial condition or results of operations; changes in accounting principles, policies or guidelines may cause the Company’s financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Company's financial condition or results of operations; general socio-economic conditions, public health emergencies, international conflict, inflation, tariffs, and recessionary pressures, either nationally or locally in some or all areas in which the Company conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Company currently anticipates and may adversely affect our customers, our financial results and our operations; legislation or regulatory changes may adversely affect the Company’s business; technological changes may be more difficult or expensive than the Company anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Company anticipates; there may be difficulties or unanticipated expense incurred in the consummation of new business initiatives or the integration of any acquired entities; and litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Company anticipates. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and updates set forth in the Company’s subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Contact: Avinash Reddy Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer 718-782-6200 extension 5909  DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(In thousands)            June 30, March 31, December 31,  2026  2026  2025 Assets:         Cash and due from banks $1,934,594  $2,059,618  $2,353,966 Securities available-for-sale, at fair value  895,251   838,219   797,935 Securities held-to-maturity  706,606   647,842   618,901 Loans held for sale  1,862   38,225   1,989 Loans held for investment, net:         Business loans(1)  3,645,194   3,364,435   3,240,600 One-to-four family residential and coop/condo apartment  1,075,904   1,047,920   1,035,983 Multifamily residential and residential mixed-use(2)(3)  3,113,647   3,249,582   3,424,565 Non-owner-occupied commercial real estate  2,770,751   2,840,817   2,933,287 Acquisition, development and construction  90,476   100,574   117,215 Other loans  8,401   9,597   6,558 Allowance for credit losses  (104,963)  (100,673)  (97,372)Total loans held for investment, net  10,599,410   10,512,252   10,660,836 Premises and fixed assets, net  30,570   30,580   31,255 Restricted stock  61,167   63,659   67,197 BOLI  417,459   404,657   401,163 Goodwill  155,797   155,797   155,797 Other intangible assets  2,534   2,729   2,938 Operating lease assets  36,830   39,551   42,876 Derivative assets  70,545   70,811   76,315 Accrued interest receivable  56,282   57,690   55,572 Other assets  74,046   77,873   74,891 Total assets $15,042,953  $14,999,503  $15,341,631 Liabilities:         Non-interest-bearing checking (excluding mortgage escrow deposits) $3,946,965  $3,777,787  $3,915,081 Interest-bearing checking  1,140,667   1,066,620   1,178,281 Savings (excluding mortgage escrow deposits)  1,621,056   1,701,899   1,777,143 Money market  4,853,645   4,874,544   4,806,572 Certificates of deposit  1,068,824   1,089,893   1,117,118 Deposits (excluding mortgage escrow deposits)  12,631,157   12,510,743   12,794,195 Non-interest-bearing mortgage escrow deposits  45,980   88,267   47,051 Interest-bearing mortgage escrow deposits  —   —   — Total mortgage escrow deposits  45,980   88,267   47,051 Total deposits (including mortgage escrow deposits)  12,677,137   12,599,010   12,841,246 FHLBNY advances  385,000   435,000   508,000 Subordinated debt, net  231,186   231,058   272,503 Derivative cash collateral  61,790   57,630   52,400 Operating lease liabilities  39,626   42,431   45,729 Derivative liabilities  69,631   69,305   73,573 Other liabilities  58,127   68,099   72,411 Total liabilities  13,522,497   13,502,533   13,865,862 Stockholders' equity:         Preferred stock, Series A  116,569   116,569   116,569 Common stock  462   462   462 Additional paid-in capital  622,636   622,415   623,041 Retained earnings  898,089   876,133   854,167 Accumulated other comprehensive loss ("AOCI"), net of deferred taxes  (31,573)  (33,019)  (31,468)Unearned equity awards  (17,590)  (15,803)  (8,661)Treasury stock, at cost  (68,137)  (69,787)  (78,341)Total stockholders' equity  1,520,456   1,496,970   1,475,769 Total liabilities and stockholders' equity $15,042,953  $14,999,503  $15,341,631  (1)Business loans include commercial and industrial loans, and owner-occupied commercial real estate loans.(2)Includes loans underlying multifamily cooperatives.(3)While the loans within this category are often considered "commercial real estate" in nature, multifamily and loans underlying cooperatives are here reported separately from commercial real estate loans in order to emphasize the residential nature of the collateral underlying this significant component of the total loan portfolio. DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in thousands except share and per share amounts)                  Three Months Ended Six Months Ended  June 30, March 31, June 30, June 30, June 30,  2026  2026  2025 2026  2025Interest income:               Loans $143,892  $142,090  $145,448 $285,982  $288,153Securities  14,518   12,788   11,353  27,306   22,676Other short-term investments  16,840   18,522   10,749  35,362   18,586Total interest income  175,250   173,400   167,550  348,650   329,415Interest expense:               Deposits and escrow  52,171   52,364   60,181  104,535   118,255Borrowed funds  7,351   8,300   8,354  15,651   16,735Derivative cash collateral  542   485   918  1,027   2,115Total interest expense  60,064   61,149   69,453  121,213   137,105Net interest income  115,186   112,251   98,097  227,437   192,310Provision for credit losses  13,875   12,313   9,221  26,188   18,847Net interest income after provision  101,311   99,938   88,876  201,249   173,463Non-interest income:               Service charges and other fees  6,483   5,730   4,642  12,213   9,285Title fees  187   142   118  329   216Loan level derivative income  535   472   942  1,007   1,003BOLI income  5,038   4,558   4,186  9,596   8,179Gain on sale of Small Business Administration ("SBA") loans  196   —   387  196   469Gain on sale of residential loans  49   72   50  121   82Fair value change in equity securities and loans held for sale  38   (38)  83  —   101Gain on securities  —   —   149  —   149Loss on sale of loans and other assets  (2,000)  (320)  —  (2,320)  —Other  740   730   1,038  1,470   1,744Total non-interest income  11,266   11,346   11,595  22,612   21,228Non-interest expense:               Salaries and employee benefits  39,781   39,593   36,218  79,374   71,869Severance  454   102   136  556   212Occupancy and equipment  7,899   8,209   7,729  16,108   15,731Data processing costs  5,151   5,423   4,903  10,574   9,697Marketing  1,951   2,025   1,756  3,976   3,422Professional services  2,325   1,909   2,097  4,234   4,213Federal deposit insurance premiums  1,712   1,266   1,692  2,978   3,739Net loss (gain) on extinguishment of debt  2   (974)  —  (972)  —Loss due to pension settlement  —   —   —  —   7,231Amortization of other intangible assets  195   209   235  404   487Other  5,231   4,994   5,533  10,225   9,209Total non-interest expense  64,701   62,756   60,299  127,457   125,810Income before taxes  47,876   48,528   40,172  96,404   68,881Income tax expense  13,062   13,946   10,475  27,008   17,726Net income  34,814   34,582   29,697  69,396   51,155Preferred stock dividends  1,821   1,822   1,821  3,643   3,643Net income available to common stockholders $32,993  $32,760  $27,876 $65,753  $47,512 DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED COMMON SHARE DATA
(Dollars in thousands except per share amounts)                  Three Months Ended Six Months EndedGAAP June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025Net income available to common stockholders $32,993  $32,760  $27,876  $65,753  $47,512 Less: Dividends paid and earnings allocated to participating securities  (687)  (593)  (516)  (1,280)  (830)Income attributable to common stock - Basic and Diluted $32,306  $32,167  $27,360   64,473   46,682                 Weighted-average common shares outstanding  43,218,619   43,109,118   43,030,023   43,164,171   42,989,581                 Basic and diluted earnings per share ("EPS")(1) $0.75  $0.75  $0.64  $1.49  $1.09                 Non-GAAP            Adjusted net income available to common stockholders(2) $34,663  $32,405  $27,863  $67,068  $52,551 Less: Dividends paid and earnings allocated to participating securities  (722)  (586)  (516)  (1,308)  (910)Adjusted income attributable to common stock - Basic and Diluted $33,941  $31,819  $27,347  $65,760  $51,641                 Weighted-average common shares outstanding  43,218,619   43,109,118   43,030,023   43,164,171   42,989,581                 Adjusted basic and diluted EPS(3) $0.79  $0.74  $0.64  $1.52  $1.20  (1)The earnings per share is calculated by dividing income attributable to common stock by weighted-average common shares outstanding.(2)See "Non-GAAP Reconciliation" tables for reconciliation of reported and adjusted (non-GAAP) net income available to common stockholders.(3)The adjusted earnings per share is calculated by dividing adjusted income attributable to common stock by weighted-average common shares outstanding. DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED SELECTED FINANCIAL HIGHLIGHTS
(Dollars in thousands except per share amounts)                   At or For the Three Months Ended At or For the Six Months Ended   June 30, March 31, June 30, June 30, June 30,   2026 2026 2025 2026 2025 Per Share Data:                Reported EPS (Diluted) $0.75 $0.75 $0.64 $1.49 $1.09 Cash dividends paid per common share  0.25  0.25  0.25  0.50  0.50 Book value per common share  31.79  31.33  29.95  31.79  29.95 Tangible common book value per share(1)  28.21  27.73  26.32  28.21  26.32 Common shares outstanding  44,158  44,057  43,889  44,158  43,889 Dividend payout ratio  33.33% 33.33% 39.06% 33.56% 45.87%                 Performance Ratios (Based upon Reported Net Income):                Return on average assets  0.94% 0.92% 0.85% 0.93% 0.74%Return on average equity  9.15  9.20  8.28  9.17  7.16 Return on average tangible common equity(1)  10.62  10.72  9.68  10.67  8.30 Net interest margin  3.28  3.21  2.98  3.24  2.96 Non-interest expense to average assets  1.74  1.68  1.72  1.71  1.81 Efficiency ratio  51.2  50.8  55.0  51.0  58.9 Effective tax rate  27.28  28.74  26.08  28.02  25.73                  Balance Sheet Data:                Average assets $14,862,346 $14,981,498 $14,013,592 $14,921,593 $13,896,281 Average interest-earning assets  14,086,464  14,202,286  13,195,116  14,144,055  13,079,859 Average tangible common equity(1)  1,247,394  1,228,003  1,158,738  1,237,751  1,152,361 Loan-to-deposit ratio at end of period(2)  84.4% 84.2% 92.6% 84.4% 92.6%                 Capital Ratios and Reserves - Consolidated:                Tangible common equity to tangible assets(1) (3)  8.37% 8.23% 8.22%      Tangible equity to tangible assets(1) (3)  9.15  9.02  9.05       Tier 1 common equity ratio(3)  11.99  11.87  11.25       Tier 1 risk-based capital ratio(3)  13.09  12.97  12.34       Total risk-based capital ratio(3)  16.30  16.17  15.84       Tier 1 leverage ratio(3)  9.46  9.24  9.43       Consolidated CRE concentration ratio(3)(4)  352  371  425       Allowance for credit losses/ Total loans  0.98  0.95  0.86       Allowance for credit losses/ Non-performing loans held for investment  157.09  176.20  175.12        (1)See "Non-GAAP Reconciliation" tables for reconciliation of tangible equity, tangible common equity, and tangible assets.(2)Total deposits include mortgage escrow deposits, which fluctuate seasonally.(3)June 30, 2026 ratios are preliminary pending completion and filing of the Company’s regulatory reports.(4)The Consolidated CRE concentration ratio is calculated using the sum of commercial real estate, excluding owner-occupied commercial real estate, multifamily, and acquisition, development, and construction, divided by consolidated capital. The June 30, 2026 ratio is preliminary pending completion and filing of the Company’s regulatory reports. DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED AVERAGE BALANCES AND NET INTEREST INCOME
(Dollars in thousands)                            Three Months Ended   June 30, 2026 March 31, 2026 June 30, 2025         Average       Average       Average   Average    Yield/ Average    Yield/ Average    Yield/   Balance Interest Cost Balance Interest Cost Balance Interest Cost Assets:                         Interest-earning assets:                         Business loans $3,489,614 $56,520 6.50%$3,274,659 $52,406 6.49%$2,798,899 $46,593 6.68%One-to-four family residential and coop/condo apartment  1,064,043  12,588 4.75  1,041,802  12,383 4.82  981,138  11,532 4.71 Multifamily residential and residential mixed-use  3,195,372  35,930 4.51  3,363,792  37,698 4.55  3,740,939  42,462 4.55 Non-owner-occupied commercial real estate  2,815,624  37,117 5.29  2,910,973  37,497 5.22  3,175,062  41,822 5.28 Acquisition, development, and construction  90,738  1,711 7.56  106,808  2,079 7.89  136,154  3,009 8.86 Other loans  8,580  26 1.22  8,329  27 1.31  7,135  30 1.69 Total loans  10,663,971  143,892 5.41  10,706,363  142,090 5.38  10,839,327  145,448 5.38 Securities  1,582,300  14,518 3.68  1,451,425  12,788 3.57  1,361,383  11,353 3.34 Other short-term investments  1,840,193  16,840 3.67  2,044,498  18,522 3.67  994,406  10,749 4.34 Total interest-earning assets  14,086,464  175,250 4.99% 14,202,286  173,400 4.95% 13,195,116  167,550 5.09%Non-interest-earning assets  775,882       779,212       818,476      Total assets $14,862,346      $14,981,498      $14,013,592                                Liabilities and Stockholders' Equity:                         Interest-bearing liabilities:                         Interest-bearing checking(1) $1,040,981 $4,058 1.56%$1,133,722 $4,793 1.71%$943,716 $4,141 1.76%Money market  4,796,008  30,049 2.51  4,761,610  28,801 2.45  4,174,694  32,818 3.15 Savings(1)  1,684,130  9,826 2.34  1,742,334  10,042 2.34  1,925,224  14,048 2.93 Certificates of deposit  1,075,789  8,238 3.07  1,105,241  8,728 3.20  1,075,729  9,174 3.42 Total interest-bearing deposits  8,596,908  52,171 2.43  8,742,907  52,364 2.43  8,119,363  60,181 2.97 FHLBNY advances  418,517  3,541 3.39  479,534  3,850 3.26  508,000  4,053 3.20 Subordinated debt, net  231,102  3,810 6.61  271,596  4,449 6.64  272,385  4,301 6.33 Other short-term borrowings  —  — —  122  1 3.32  —  — — Total borrowings  649,619  7,351 4.54  751,252  8,300 4.48  780,385  8,354 4.29 Derivative cash collateral  62,134  542 3.50  52,708  485 3.73  79,188  918 4.65 Total interest-bearing liabilities  9,308,661  60,064 2.59% 9,546,867  61,149 2.60% 8,978,936  69,453 3.10%Non-interest-bearing checking(1)  3,864,575       3,747,722       3,412,215      Other non-interest-bearing liabilities  166,688       183,678       187,774      Total liabilities  13,339,924       13,478,267       12,578,925      Stockholders' equity  1,522,422       1,503,231       1,434,667      Total liabilities and stockholders' equity $14,862,346      $14,981,498      $14,013,592      Net interest income    $115,186      $112,251      $98,097   Net interest rate spread       2.40%      2.35%      1.99%Net interest margin       3.28%      3.21%      2.98%Deposits (including non-interest-bearing checking accounts)(1) $12,461,483 $52,171 1.68%$12,490,629 $52,364 1.70%$11,531,578 $60,181 2.09% (1)Includes mortgage escrow deposits. DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
UNAUDITED SCHEDULE OF NON-PERFORMING ASSETS
(Dollars in thousands)            At or For the Three Months Ended  June 30, March 31, June 30,Asset Quality Detail 2026  2026  2025 Non-performing loans held for investment ("NPLs")         Business loans $23,898  $24,257  $18,007 One-to-four family residential and coop/condo apartment  4,465   4,088   1,642 Multifamily residential and residential mixed-use  26,893   —   — Non-owner-occupied commercial real estate  11,151   28,368   32,908 Acquisition, development, and construction  412   412   657 Other loans  —   11   — Non-accrual loans held for investment $66,819  $57,136  $53,214 Non-accrual loans held for investment / Total loans held for investment  0.62%  0.54%  0.49%          Non-accrual loans held for sale $1,750  $38,000  $— Total non-accrual loans $68,569  $95,136  $53,214 Total non-accrual loans/ Total loans  0.64%  0.89%  0.49%          Total non-performing assets ("NPAs")(1) $69,019  $95,586  $53,214           Total loans 90 days delinquent and accruing ("90+ Delinquent") $—  $—  $—           NPAs and 90+ Delinquent $69,019  $95,586  $53,214           NPAs and 90+ Delinquent / Total assets  0.46%  0.64%  0.37%          Net loan charge-offs ("NCOs") $9,662  $8,574  $5,405 NCOs / Average loans(2)  0.36%  0.32%  0.20% (1)June 30, 2026 and March 31, 2026 balances include one non-performing available-for-sale security in the amount of $450 thousand.(2)Calculated based on annualized NCOs to average loans. DIME COMMERCIAL BANCSHARES, INC. AND SUBSIDIARIES
NON-GAAP RECONCILIATION
(Dollars in thousands except per share amounts)

The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles ("GAAP") (as reported) and non-GAAP measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provides investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP.

The following non-GAAP financial measures exclude pre-tax income and expenses associated with the fair value change in equity securities and loans held for sale, loss (gain) on sale of securities, loans and other assets, severance, net loss (gain) on extinguishment of debt and loss due to pension settlement.

                   Three Months Ended Six Months Ended   June 30, March 31, June 30, June 30, June 30,   2026  2026  2025  2026  2025  Reconciliation of Reported and Adjusted (non-GAAP) Net Income Available to Common Stockholders                Reported net income available to common stockholders $32,993  $32,760  $27,876  $65,753  $47,512  Adjustments to net income(1):                Fair value change in equity securities and loans held for sale  (38)  38   (83)  —   (101) Loss (gain) on sale of securities, loans and other assets  2,000   320   (72)  2,320   (72) Severance  454   102   136   556   212  Net loss (gain) on extinguishment of debt  2   (974)  —   (972)  —  Loss due to pension settlement  —   —   —   —   7,231  Income tax effect of adjustments noted above(1)  (748)  159   6   (589)  (2,231) Adjusted net income available to common stockholders (non-GAAP) $34,663  $32,405  $27,863  $67,068  $52,551                   Adjusted Ratios (Based upon Adjusted (non-GAAP) Net Income as calculated above)                Adjusted EPS (Diluted) $0.79  $0.74  $0.64  $1.52  $1.20  Adjusted return on average assets  0.98 % 0.91 % 0.85 % 0.95 % 0.81 %Adjusted return on average equity  9.59   9.11   8.28   9.35   7.87  Adjusted return on average tangible common equity  11.16   10.60   9.67   10.88   9.18  Adjusted non-interest expense to average assets  1.72   1.69   1.71   1.71   1.70  Adjusted efficiency ratio  49.9   51.2   54.7   50.5   55.2   (1)Adjustments to net income are taxed at the Company's approximate statutory tax rate.   The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP):

                  Three Months Ended  Six Months Ended  June 30,  March 31,  June 30,  June 30,  June 30,   2026   2026   2025   2026   2025  Operating expense as a % of average assets - as reported 1.74 % 1.68 % 1.72 % 1.71 % 1.81 %Severance (0.01)  —   —   (0.01)  —  Net loss (gain) on extinguishment of debt —   0.02   —   0.01   —  Loss due to pension settlement —   —   —   —   (0.10) Amortization of other intangible assets (0.01)  (0.01)  (0.01)  —   (0.01) Adjusted operating expense as a % of average assets (non-GAAP) 1.72 % 1.69 % 1.71 % 1.71 % 1.70 %                      The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP):

                   Three Months Ended Six Months Ended   June 30, March 31, June 30, June 30, June 30,   2026  2026  2025  2026  2025  Efficiency ratio - as reported (non-GAAP)(1)  51.2 % 50.8 % 55.0 % 51.0 % 58.9 %Non-interest expense - as reported $64,701  $62,756  $60,299  $127,457  $125,810  Severance  (454)  (102)  (136)  (556)  (212) Net (loss) gain on extinguishment of debt  (2)  974   —   972   —  Loss due to pension settlement  —   —   —   —   (7,231) Amortization of other intangible assets  (195)  (209)  (235)  (404)  (487) Adjusted non-interest expense (non-GAAP) $64,050  $63,419  $59,928  $127,469  $117,880  Net interest income - as reported $115,186  $112,251  $98,097  $227,437  $192,310  Non-interest income - as reported $11,266  $11,346  $11,595  $22,612  $21,228  Fair value change in equity securities and loans held for sale  (38)  38   (83)  —   (101) Loss (gain) on sale of securities, loans and other assets  2,000   320   (72)  2,320   (72) Adjusted non-interest income (non-GAAP) $13,228  $11,704  $11,440  $24,932  $21,055  Adjusted total revenues for adjusted efficiency ratio (non-GAAP) $128,414  $123,955  $109,537  $252,369  $213,365  Adjusted efficiency ratio (non-GAAP)(2)  49.9 % 51.2 % 54.7 % 50.5 % 55.2 % (1)The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest income.(2)The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of GAAP net interest income and adjusted non-interest income.   The following table presents a reconciliation of pre-tax pre provision net revenue (non-GAAP) and adjusted pre-tax pre-provision net revenue (non-GAAP):

                  Three Months Ended Six Months Ended  June 30, March 31, June 30, June 30, June 30,  2026 2026 2025 2026 2025Financial Data:               Net interest income $115,186 $112,251 $98,097 $227,437 $192,310Non-interest income  11,266  11,346  11,595  22,612  21,228Total revenue  126,452  123,597  109,692  250,049  213,538Non-interest expense  64,701  62,756  60,299  127,457  125,810Pre-tax pre-provision net revenue (non-GAAP)(1) $61,751 $60,841 $49,393 $122,592 $87,728Adjusted pre-tax pre-provision net revenue (non-GAAP)(2) $64,364 $60,536 $49,609 $124,900 $95,485 (1)The reported pre-tax pre-provision net revenue is a non-GAAP measure calculated by adding GAAP net interest income and GAAP non-interest income less GAAP non-interest expense.(2)The adjusted pre-tax pre-provision net revenue is a non-GAAP measure calculated by adding GAAP net interest income and the adjusted non-interest income less the adjusted non-interest expense as shown in the reconciliation of efficiency ratio table above.   The following table presents the tangible common equity to tangible assets, tangible equity to tangible assets, and tangible common book value per share calculations (non-GAAP):

             June 30, March 31, June 30,   2026  2026  2025  Reconciliation of Tangible Assets:          Total assets $15,042,953  $14,999,503  $14,207,935  Goodwill  (155,797)  (155,797)  (155,797) Other intangible assets  (2,534)  (2,729)  (3,409) Tangible assets (non-GAAP) $14,884,622  $14,840,977  $14,048,729             Reconciliation of Tangible Common Equity - Consolidated:          Total stockholders' equity $1,520,456  $1,496,970  $1,431,006  Goodwill  (155,797)  (155,797)  (155,797) Other intangible assets  (2,534)  (2,729)  (3,409) Tangible equity (non-GAAP)  1,362,125   1,338,444   1,271,800  Preferred stock, net  (116,569)  (116,569)  (116,569) Tangible common equity (non-GAAP) $1,245,556  $1,221,875  $1,155,231             Common shares outstanding  44,158   44,057   43,889             Tangible common equity to tangible assets (non-GAAP)  8.37 % 8.23 % 8.22 %Tangible equity to tangible assets (non-GAAP)  9.15   9.02   9.05             Book value per common share $31.79  $31.33  $29.95  Tangible common book value per share (non-GAAP)  28.21   27.73   26.32  

Česká národní banka by mohla podle Jana Kubíčka v nadcházejících měsících ještě jednou zvýšit úrokové sazby. Člen bankovní rady uvedl, že o této možnosti budou centrální bankéři pravděpodobně diskutovat už v srpnu. Důvod ke spěchu však zatím nevidí a tržní sázky na rychlý růst sazeb považuje za přehnané.

ČNB v červnu zvýšila svou hlavní repo sazbu o 25 bazických bodů. Šlo o první zpřísnění měnové politiky za poslední čtyři roky.

Kubíček uvedl, že při hodnocení potřeby dalšího růstu sazeb sleduje především vývoj úvěrů, jádrové inflace, růstu mezd, cen nemovitostí a také to, do jaké míry se vyšší dlouhodobé tržní sazby promítají do úroků z úvěrů.

Trh aktuálně prostřednictvím FRA kontraktů zaceňuje tři zvýšení sazeb o 25 bazických bodů do prvního čtvrtletí příštího roku. FRA kontrakty slouží k zajištění budoucích úrokových sazeb a běžně se využívají jako indikátor očekávání trhu ohledně dalšího vývoje měnové politiky. 

Takový výhled označil Kubíček za přehnaný. Zároveň však dodal, že by ho uklidnilo zpomalení růstu mezd a jádrové inflace. „Uklidnilo by mě také, kdybychom viděli zpomalování jádrové inflace. Čekáme na to už delší dobu a stále v to věříme. Velmi by mi pomohlo i to, kdybychom alespoň viděli konec zrychlování všech typů úvěrů,“ řekl Kubíček.

Podle něj zároveň existují známky toho, že růst cen nemovitostí začíná kulminovat. Také růst mezd by měl zpomalit po překvapivě silném meziročním nárůstu o 8,1 % v prvním čtvrtletí.

Banky byly podle něj dosud pod konkurenčním tlakem, který jim bránil plně promítat vyšší dlouhodobé sazby do hypotečních úvěrů. To se však nyní může začínat měnit.

Dalším faktorem, který ČNB sleduje, je vývoj firemních marží. Banka zkoumá, zda podniky nevyužívají vyšších nákladů k navyšování ziskovosti. Data za první čtvrtletí však podle Kubíčka nic takového nenaznačují.

Celková meziroční inflace v Česku v červnu překvapivě klesla na 1,5 %, především díky vývoji cen potravin. Ceny služeb, které ČNB pečlivě sleduje, však nadále rostly svižným tempem 4,5 %. Jádrová inflace činila 2,8 %.

Kubíček zároveň uvedl, že neočekává, že by nová prognóza ČNB, která bude zveřejněna příští měsíc, přinesla výrazně odlišný pohled na ekonomiku oproti květnové prognóze. Podle něj by byla centrální banka spokojena, pokud inflace na začátku příštího roku nepřekročí horní hranici tolerančního pásma, tedy 3 % kolem dvouprocentního inflačního cíle.

Silná náladovost trhu

Vývoj tržních očekávání zároveň ukazuje, jak obtížné je dnes odhadovat další kroky centrálních bank. To platí nejen pro ČNB, ale také pro americký Fed, jehož budoucí rozhodování investoři v posledních týdnech výrazně přehodnocují.

Podle dat společnosti CME Group aktuálně trh přisuzuje přibližně 34% pravděpodobnost zvýšení sazeb na červencovém zasedání Fedu. Před týdnem přitom tato pravděpodobnost činila pouze 12 %, zatímco na konci června dosahovala 36 %. Jen 14. července se očekávání trhu změnila o 14 procentních bodů během jediného dne.

— Hedgeye (@Hedgeye) July 22, 2026 Významnou roli v těchto změnách hraje nejistota spojená s vývojem cen ropy a dopady konfliktu na Blízkém východě. Dražší energie tlačí vzhůru inflační očekávání, výnosy dluhopisů i náklady domácností, což následně ovlivňuje očekávanou trajektorii úrokových sazeb.

Pro investory je tak aktuálně mimořádně obtížné odhadovat další kroky centrálních bank. Geopolitické události i obtížně předvídatelné kroky americké administrativy mohou tržní očekávání měnit doslova ze dne na den. Současné prostředí proto ukazuje, že investoři by se měli více soustředit na příchozí ekonomická data než na krátkodobé výkyvy tržních sázek.

SummaryCompaniesUnderlying growth reached 7% in the six months to end-JuneOperating profit rose 9% as margin up 70 basis ​pointsLegal unit grew 10%LONDON, July 23 (Reuters) - Information and analytics group RELX (REL.L), opens new tab ‌reported accelerating growth in its scientific and legal divisions on Thursday, providing some relief to investors worried about the impact of AI companies like Anthropic on its business.

The British company reported underlying ​growth of 7% in the six months to end-June, while adjusted operating profit ​rose 9% as it improved its margin by 70 basis points.

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The ⁠performance of its scientific, technical and medical division and its legal unit was notable, ​with the former up by a record 6% and the latter up by 10%.

RELX ​reiterated its forecast for another year of "strong underlying growth" in revenue and adjusted operating profit.

Chief Executive Officer Erik Engstrom said an improving growth trajectory was driven by the shift towards higher-growth analytics and ​decision tools, underpinned by AI.

Shares in RELX and its rivals like Wolters Kluwer (WLSNc.AS), opens new tab and ​Thomson Reuters have been hit by concerns about the long-term impact of AI companies, such as ‌Anthropic's ⁠push into the legal sector, on their business.

RELX's shares rose 2.6% after its results, which analysts at Citi said should be taken positively. But they are still trading 35% lower than they were a year ago.

Chief Financial Officer Nick Luff said RELX was ​applying generative AI capabilities ​to its trusted ⁠and curated data to help its customers in the legal, scientific, and financial services sectors.

He said hundreds of thousands of professionals ​were using the tools such as Lexis+ with Protege daily.

"We serve ​professional markets ⁠where trust really matters, where people care about getting the right answer that they can absolutely rely on," he said in an interview on Thursday.

"If you think of doctors, ⁠researchers, lawyers ​and banks, they are making high-value decisions where ​being roughly right is not good enough."

RELX reported revenue of £4.87 billion ($6.51 billion) and adjusted operating profit of £1.73 billion ​for the period.

($1 = 0.7484 pounds)

Reporting by Paul Sandle; Editing by Muvija M and Tomasz Janowski

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

Posted by Defense World Staff on Jul 23rd, 2026

Bessemer Group Inc. reduced its holdings in shares of Waste Connections, Inc. (NYSE:WCN – Free Report) by 42.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,439 shares of the business services provider’s stock after selling 6,923 shares during the quarter. Bessemer Group Inc.’s holdings in Waste Connections were worth $1,534,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WCN. Ritholtz Wealth Management increased its holdings in Waste Connections by 2.1% in the 4th quarter. Ritholtz Wealth Management now owns 3,042 shares of the business services provider’s stock valued at $533,000 after purchasing an additional 64 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Waste Connections by 2.6% during the third quarter. Kestra Private Wealth Services LLC now owns 2,556 shares of the business services provider’s stock worth $449,000 after purchasing an additional 64 shares in the last quarter. WPG Advisers LLC lifted its stake in shares of Waste Connections by 7.7% during the fourth quarter. WPG Advisers LLC now owns 919 shares of the business services provider’s stock worth $161,000 after purchasing an additional 66 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Waste Connections by 12.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 607 shares of the business services provider’s stock worth $106,000 after buying an additional 67 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in shares of Waste Connections by 2.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,991 shares of the business services provider’s stock valued at $525,000 after buying an additional 71 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Stock Down 0.3% Shares of NYSE:WCN opened at $167.91 on Thursday. The firm has a market cap of $42.37 billion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.49. The company has a fifty day simple moving average of $160.84 and a 200 day simple moving average of $163.28. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.13. Waste Connections, Inc. has a 12-month low of $146.89 and a 12-month high of $191.91.

Waste Connections (NYSE:WCN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.51 billion. Waste Connections had a net margin of 10.97% and a return on equity of 16.49%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 EPS. On average, equities research analysts anticipate that Waste Connections, Inc. will post 5.49 EPS for the current fiscal year.

Insider Activity In other news, COO Jason Craft sold 1,500 shares of Waste Connections stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $156.59, for a total value of $234,885.00. Following the completion of the transaction, the chief operating officer owned 32,861 shares in the company, valued at approximately $5,145,703.99. This trade represents a 4.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ronald J. Mittelstaedt purchased 50,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $152.24 per share, with a total value of $7,612,000.00. Following the completion of the acquisition, the chief executive officer directly owned 301,017 shares in the company, valued at approximately $45,826,828.08. The trade was a 19.92% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 17,605 shares of company stock valued at $2,822,923 over the last three months. Company insiders own 0.27% of the company’s stock.

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

Positive Sentiment: Waste Connections beat Q2 expectations, reporting EPS of $1.50 versus the $1.35 consensus and revenue of $2.56 billion versus $2.51 billion expected, which points to steady demand and better-than-expected execution. Waste Connections Reports Second Quarter 2026 Results and Raises Full Year Outlook Positive Sentiment: The company raised its full-year outlook after the quarter, suggesting management sees continued momentum in revenue growth and margin expansion for the rest of 2026. Waste Connections Reports Second Quarter 2026 Results and Raises Full Year Outlook Positive Sentiment: The board declared a regular quarterly cash dividend of $0.35 per share, reinforcing the company’s shareholder-return profile and financial stability. Waste Connections Announces Regular Quarterly Cash Dividend Positive Sentiment: Q2 revenue grew 6.4% year over year and cash from operations rose 14.9%, both signs of healthy underlying business performance. Waste Connections (WCN) Releases Q2 2026 Earnings: Revenue Up 6.4%, EPS Grows 4.5% Neutral Sentiment: Some individual earnings coverage also highlighted margin expansion and an upgraded outlook, but the stock’s longer-term reaction may depend on whether investors focus more on guidance strength than on mixed profit-line details. Waste Connections tops Q2 estimates, raises outlook as margins expand Wall Street Analyst Weigh In WCN has been the topic of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $208.00 price objective (up from $206.00) on shares of Waste Connections in a research note on Friday, April 24th. Citigroup upped their target price on shares of Waste Connections from $180.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Barclays set a $180.00 price target on shares of Waste Connections and gave the company an “equal weight” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. dropped their price target on shares of Waste Connections from $210.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Finally, Weiss Ratings lowered shares of Waste Connections from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Connections has an average rating of “Moderate Buy” and an average price target of $202.00.

Read Our Latest Research Report on WCN

Waste Connections Profile (Free Report)

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.

Featured Stories Five stocks we like better than Waste Connections Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding WCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Connections, Inc. (NYSE:WCN – Free Report).

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Apple Entry Set To Intensify CompetitionCounterpoint forecasts global foldable smartphone shipments will grow 21% year over year in 2026, driven by demand for premium book-style devices, broader vendor competition and Apple’s expected foldable iPhone launch.

The research firm expects Samsung Electronics to retain the top position with a 32% market share, down from 40% in 2025. Apple is projected to capture a 25% share in its first year, while Huawei is expected to hold 24%. Motorola, and HONOR are forecast to account for 8% and 3%, respectively.

Samsung Still Holds The EdgeCounterpoint Associate Director Liz Lee said 2026 will mark a turning point for the foldable smartphone market as Apple’s arrival expands consumer awareness and raises competition in the premium segment.

“2026 will mark a new phase for the foldable smartphone market. Apple’s entry is expected to lift overall consumer awareness and raise the benchmark for premium foldables, but Samsung still has a clear advantage in product maturity, channel reach and foldable user experience,” Lee said.

Lee added that Samsung’s upcoming wider foldable design could improve multitasking and AI-assisted workflows by offering more usable screen space, helping the company maintain an edge despite Apple’s entry.

AI Could Drive Foldable AdoptionCounterpoint said larger displays are becoming more important as artificial intelligence assistants evolve beyond chatbots into tools that summarize documents, edit content, manage schedules and perform tasks across multiple applications. Wider foldable devices could therefore become increasingly attractive for productivity-focused users.

The firm expects Samsung’s upcoming Galaxy Unpacked event to be an important catalyst for the category, with Samsung anticipated to unveil the Galaxy Z8 Flip, Galaxy Z8 Fold and a wider book-style foldable device ahead of Apple’s expected market entry.

AAPL Price Action: Apple shares were down 0.53% at $324.16 during premarket trading on Thursday. The stock is approaching its 52-week high of $334.99, according to Benzinga Pro data.

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Posted by Defense World Staff on Jul 23rd, 2026

Atlas Wealth LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 4,320.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 117,412 shares of the social networking company’s stock after acquiring an additional 114,756 shares during the quarter. Meta Platforms accounts for about 8.2% of Atlas Wealth LLC’s portfolio, making the stock its 2nd biggest holding. Atlas Wealth LLC’s holdings in Meta Platforms were worth $67,175,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RHL Group LLC acquired a new stake in shares of Meta Platforms in the fourth quarter valued at about $28,000. Strategic Wealth Advisors LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth about $29,000. Niles Investment Management LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth about $29,000. Bayban lifted its stake in Meta Platforms by 100.0% in the 1st quarter. Bayban now owns 70 shares of the social networking company’s stock valued at $40,000 after buying an additional 35 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in Meta Platforms in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms News Summary Here are the key news stories impacting Meta Platforms this week:

Positive Sentiment: A Florida teen dropped his lawsuit against Meta over alleged social-media addiction harms ahead of trial, reducing legal overhang and removing a potential headline risk for the company. Positive Sentiment: Jefferies said Meta’s AI glasses could become a long-term hardware growth driver, noting strong early product reception and Meta’s first-mover advantage in shipping AI glasses at scale. Positive Sentiment: Multiple reports highlighted strong demand for AI infrastructure led by Meta, including record hyperscaler leasing and speculation around a large compute deal with Anthropic, reinforcing confidence in Meta’s AI spending strategy. Positive Sentiment: Wells Fargo and Rothschild & Co Redburn both raised price targets on Meta, signaling that some Wall Street analysts remain constructive on the stock’s longer-term upside. Neutral Sentiment: Meta continues to face mixed sentiment around its AI push, including scrutiny over heavy capital spending and broader concerns about big-tech debt and future infrastructure commitments. Neutral Sentiment: Commentary comparing Meta with other Magnificent 7 names suggests investors are watching upcoming earnings closely for signs that the company can re-accelerate enthusiasm around the stock. Negative Sentiment: Analysts cited by Zacks warned Meta may report weaker earnings growth in its upcoming results, which could weigh on sentiment if the company disappoints expectations. Negative Sentiment: Several articles continued to focus on regulatory and legal risks tied to social-media harms, including criticism of Meta’s platforms and broader scrutiny of addictive features. Insider Buying and Selling at Meta Platforms In other news, insider Curtis J. Mahoney sold 2,079 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the transaction, the insider owned 1,118 shares of the company’s stock, valued at approximately $681,890.56. The trade was a 65.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 500 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total transaction of $303,875.00. Following the completion of the sale, the director directly owned 3,443 shares of the company’s stock, valued at $2,092,483.25. This represents a 12.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 37,948 shares of company stock worth $23,184,319 in the last three months. 13.53% of the stock is owned by corporate insiders.

Meta Platforms Trading Down 2.6% Shares of Meta Platforms stock opened at $627.17 on Thursday. The stock has a market cap of $1.59 trillion, a P/E ratio of 22.80, a P/E/G ratio of 1.07 and a beta of 1.25. The stock’s 50 day simple moving average is $605.14 and its 200-day simple moving average is $626.29. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35.

Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same period in the prior year, the business earned $6.43 earnings per share. The business’s revenue was up 33.1% compared to the same quarter last year. Analysts predict that Meta Platforms, Inc. will post 30.04 EPS for the current fiscal year.

Meta Platforms Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, June 15th. Meta Platforms’s dividend payout ratio is presently 7.63%.

Wall Street Analyst Weigh In Several equities research analysts have commented on the company. Weiss Ratings lowered Meta Platforms from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. The Goldman Sachs Group downgraded Meta Platforms from a “buy” rating to a “sell” rating in a research report on Tuesday, June 2nd. Wolfe Research lowered their price target on Meta Platforms from $850.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Stifel Nicolaus dropped their price target on Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Piper Sandler assumed coverage on Meta Platforms in a research note on Tuesday, June 2nd. They issued an “overweight” rating for the company. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $835.64.

Get Our Latest Report on META

Meta Platforms Profile (Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

Further Reading Five stocks we like better than Meta Platforms Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).

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SummaryCompaniesExecutives cited city-specific rules and operational snags for the measured rolloutAnalyst questioned why fleet size remains in the dozens, not hundredsTesla has contrasted its approach with Waymo's deliberate rolloutLOS ANGELES, July 23 (Reuters) - A year ago, Tesla (TSLA.O), opens new tab CEO Elon Musk said the company's robotaxi network would expand at a "hyper-exponential ​rate" and be available to half the population of the U.S. by the end of 2025.

On Wednesday's earnings call, Musk and his ‌executive team struck a more guarded tone as they fielded analysts' questions about a slower-than-expected rollout.

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Since launching a small robotaxi pilot in Austin in June 2025, Tesla has expanded to only a handful of other cities, in Texas and Florida, with service often limited to outlying areas.

Tesla said paying customers have traveled 2.5 million miles in its robotaxi service, including 380,000 miles ​in rides without an in-vehicle safety monitor.

Tesla's unsupervised robotaxi miles remain well below the more than 220 million autonomous miles driven by Waymo through ​the end of March, underscoring the lead Alphabet's self-driving unit holds in commercial deployment, Forrester analyst Paul Miller said.

Barclays analysts ⁠wrote earlier this month that Tesla's perceived advantage in robotaxis is its "ability to scale more rapidly," but instead it "has been seen by many investors as somewhat 'slow.'"

Investors have ​valued Tesla on the promise that robotaxis and its Optimus humanoid robots will one day become its primary revenue drivers.

The stock trades at more than 166 times ​forward earnings estimates, far above the multiples of traditional automakers and Big Tech companies. The stock, which has fallen nearly 17% this year as of last close, was down about 4% in premarket trading.

WHY THE ROLLOUT IS SLOWERBefore the Austin launch last year, Musk talked about how Tesla's technology is "a general solution that works anywhere," in contrast to the more deliberate, city-by-city ​approach of Alphabet's (GOOGL.O), opens new tab Waymo, the U.S. leader in driverless taxis.

On Wednesday, Musk and other executives delved into the specific details of scaling up robotaxi service in ​individual cities.

"Regulatory situations are different city by city," said Lars Moravy, Tesla's vice president of vehicle engineering. "The reason we're expanding city by city is to make sure that we're meeting ‌all of ⁠those one at a time."

CFO Vaibhav Taneja added "there are different kinks ... not just on the software front, but on the operations front, that we're trying to tackle."

He said the company wants to "sort these things out in a smaller fleet in a controlled manner" before going "really high in terms of deployment."

Wells Fargo analyst Colin Langan asked why the number of vehicles is still "in the dozens as opposed to hundreds." What is the "roadblock to start adding more vehicles on the ground?" he asked.

Tesla Vice ​President of AI Ashok Elluswamy said that ​even with a few vehicles, "you can ⁠get a lot of miles out of them."

He said the growth in robotaxi miles driven is "literally exponential. Just it's in the early part of the exponential. That's why it's hard for others to comprehend."

Musk on Wednesday's call reiterated that Tesla is ​balancing the pace of the expansion with safety. "We want to grow as fast as possible with robotaxi, without harm ​to anyone."

In an investor ⁠presentation in January, Tesla said that its robotaxis would expand to seven metro areas by the end of June: Dallas, Houston, Phoenix, Miami, Orlando, Tampa and Las Vegas.

Up until Tuesday, Tesla had only launched in three of those cities: Dallas, Houston and Miami, with service limited to outlying sections of Houston and Miami.

The company announced on Tuesday ⁠that it ​was "now in Tampa & Orlando," following several analyst reports ahead of earnings that mentioned the slow expansion.

But ​the service areas in those cities, like Miami and Houston, were limited to less-trafficked neighborhoods outside the city centers.

Reuters tested out the robotaxi service in the weeks after the Dallas and Houston launches and ​found long wait times, with sometimes no availability at all.

Reporting by Chris Kirkham in Los Angeles and Akash Sriram in Bengaluru; Editing by Mike Colias and Saumyadeb Chakrabarty

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

Chris Kirkham is a business reporter in Los Angeles who writes about Tesla, electric vehicles and the wider automotive industry. He previously worked at The Wall Street Journal and the Los Angeles Times, and has covered topics including tobacco, worker safety, gambling, and the economy over a two-decade career. Contact him at [email protected] or on Signal at chris_kirkham.51

Akash reports on technology companies in the United States, electric vehicle companies, and the space industry. His reporting usually appears in the Autos & Transportation and Technology sections. He has a postgraduate degree in Conflict, Development, and Security from the University of Leeds. Akash's interests include music, football (soccer), and Formula 1.

Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO, FRA:1NOR) has filed an independent technical report supporting the mineral resource estimate for the Leven Star Reef at its 100%-owned Belltopper Gold Project in Victoria, while recent drilling at Wyloo in Western Australia has confirmed a significant silver-antimony-zinc mineralised system.

The Leven Star report formalises the mineral resource announced in June 2026, with Novo confirming there are no material differences between the previously released estimate and the figures contained in the final technical documentation.

Leven Star resource report filed The report, titled Mineral Resource Estimate: Leven Star Reef, Belltopper Gold Project, Malmsbury, Victoria, Australia, has an effective date of June 9, 2026, and an issue date of July 22, 2026.

It was prepared by Snowden Optiro principal consultant Janice Graham and independent technical adviser Dr Simon Dominy, both qualified persons under Canada’s NI 43-101 reporting standards.

Novo filed the report to meet Canadian securities law requirements and released it simultaneously to the ASX and TSX in accordance with its ASX Listing Rule 15.7 waiver.

The full report is available through Novo’s regulatory filings and on the SEDAR+ platform.

Wyloo drilling confirms mineralised system At the Wyloo Polymetallic Project in Western Australia’s Pilbara, maiden reverse circulation drilling has confirmed a significant hydrothermal alteration system carrying high-grade silver and antimony mineralisation from surface.

The 16-hole, 2,615-metre program at the Wyloo SE prospect returned a standout intercept of 9 metres at 92 g/t silver and 1,280 ppm antimony from surface, including 1 metre at 460 g/t silver and 1,425 ppm antimony from 2 metres.

Drilling also intersected broad zinc mineralisation, including 3 metres at 3.6% zinc, with a peak one-metre assay of 6.5% zinc within a wider 27-metre mineralised halo.

Exploration model strengthened The program tested mapped quartz-sulphide veining and the northeast-southwest-trending Tasha Fault Zone across seven drill sections.

Novo identified strong sericite and chlorite alteration zones of up to 20 metres thick, accompanied by sulphide mineralisation and highly anomalous arsenic.

Silver, antimony and zinc mineralisation has now been recorded across a 230-metre strike length, supporting Novo’s interpretation that Wyloo SE forms part of a broader mineralised system rather than an isolated occurrence.

Elon Musk said aiming for a "high-efficiency capital spend" would just "slow things down." WEF/Getty images Elon Musk says Tesla should spend even more on AI — even if some money ends up being wasted.

The EV giant's capital expenditure soared 142% year-over-year to $5.8 billion in the second quarter as Musk's AI spending spree ramped up.

Speaking on an analyst call after Tesla's earnings on Thursday, Musk said that he had asked executives to keep accelerating the company's spending.

"We should be spending on capex as fast as we can spend — as fast as we can without it being too wasteful. So we're not trying to aim for some extremely high-efficiency capital spend because that would slow things down," Musk said.

Tesla is investing aggressively in new production lines and factories for its Cybercab robotaxi and Optimus humanoid robot.

The automaker recorded a negative free cash flow of $1.1 billion in the second quarter, its first shortfall since 2024, and Tesla's shares fell in premarket trading as the company's profits missed earnings expectations.

Executives told investors that AI spending will continue to grow, with Tesla's total capex spending expected to surpass $25 billion this year.

CFO Vaibhav Taneja said on the earnings call that Tesla was aiming to secure debt facilities to give it the capacity to borrow up to $30 billion.

He predicted spending would ramp up in the next 2-3 years as the company builds a new solar panel factory, installs more AI compute, and breaks ground on a massive 'Terafab' semiconductor fab that Tesla is building with SpaceX.

It comes as other tech giants burn through cash to keep up in the escalating AI race. Google recorded a negative free cash flow of nearly $6 billion in its second-quarter earnings on Wednesday and raised its capex predictions for the full year to as much as $205 billion.

Musk's comments on Tesla's spending efficiency come a year after he launched an assault on wasteful government spending with DOGE, and the world's richest man has continued to criticize government spending as prone to abuse and waste.

Musk told investors on Wednesday that Tesla's capex efficiency was "off-scale good" because the EV giant was investing in lots of productive assets like factories and infrastructure at the same time.

"I think probably this is the fastest industrial scale-up since World War II in America," Musk said.

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AR Asset Management Inc. raised its holdings in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,595 shares of the company’s stock after purchasing an additional 6,364 shares during the period. CocaCola accounts for approximately 2.6% of AR Asset Management Inc.’s holdings, making the stock its 9th biggest holding. AR Asset Management Inc.’s holdings in CocaCola were worth $13,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Signature Equity Partners LLC increased its position in shares of CocaCola by 17.2% in the 1st quarter. Signature Equity Partners LLC now owns 4,129 shares of the company’s stock valued at $314,000 after buying an additional 605 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in CocaCola by 6.1% during the first quarter. NewEdge Wealth LLC now owns 476,885 shares of the company’s stock worth $36,267,000 after acquiring an additional 27,266 shares in the last quarter. Arvest Bank Trust Division lifted its holdings in CocaCola by 9.5% during the first quarter. Arvest Bank Trust Division now owns 6,745 shares of the company’s stock worth $513,000 after acquiring an additional 587 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of CocaCola by 0.8% in the first quarter. First Citizens Bank & Trust Co. now owns 247,379 shares of the company’s stock worth $18,813,000 after acquiring an additional 1,906 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of CocaCola by 0.9% during the first quarter. First Trust Advisors LP now owns 4,056,824 shares of the company’s stock worth $308,521,000 after purchasing an additional 34,259 shares during the period. 70.26% of the stock is owned by institutional investors.

Insider Buying and Selling at CocaCola In related news, EVP Nancy Quan sold 31,625 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $80.93, for a total value of $2,559,411.25. Following the completion of the sale, the executive vice president directly owned 223,330 shares in the company, valued at approximately $18,074,096.90. This trade represents a 12.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman James Quincey sold 436,296 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $80.13, for a total value of $34,960,398.48. Following the completion of the sale, the chairman directly owned 122,833 shares of the company’s stock, valued at approximately $9,842,608.29. The trade was a 78.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 899,905 shares of company stock worth $71,832,315 over the last quarter. 0.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In A number of research firms recently issued reports on KO. Truist Financial set a $88.00 target price on CocaCola in a research note on Friday, June 26th. Sanford C. Bernstein set a $83.00 price target on shares of CocaCola in a research note on Thursday, July 9th. Bank of America upped their price target on shares of CocaCola from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, July 10th. JPMorgan Chase & Co. boosted their price target on CocaCola from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Finally, Morgan Stanley set a $89.00 price target on CocaCola in a report on Wednesday, June 10th. Fourteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, CocaCola has an average rating of “Moderate Buy” and an average price target of $89.33.

View Our Latest Report on CocaCola

Key Stories Impacting CocaCola Here are the key news stories impacting CocaCola this week:

Positive Sentiment: Coca-Cola is getting attention for an AI-powered brand overhaul that aims to strengthen global recognition, support premium pricing, and improve marketing efficiency across more than 200 markets. Investors may view this as a sign the company is using technology to defend and expand its brand moat. Coca-Cola (KO) AI Brand Overhaul Puts Valuation Back In Focus Positive Sentiment: Separate coverage highlighted that Coca-Cola has used AI to improve its own branding and marketing, which may help drive better execution and sales efficiency. Another article pointed to a 15% vending-related surge tied to new AI marketing efforts, reinforcing the idea that digital tools could be boosting demand. Coca-Cola Used AI to Make Itself More Coca-Cola Neutral Sentiment: Market commentary noted that KO has already had a strong run this year, with shares up sharply over the past six months and valuation now a bigger focus. That can support confidence in the stock, but it also suggests less room for error at current levels. 2 Reasons to Watch KO and 1 to Stay Cautious Negative Sentiment: A hacking group claimed responsibility for a cyberattack on Coca-Cola’s Fairlife unit, with reports saying the gang threatened to publish stolen data unless it received a ransom. Production at Fairlife was reportedly disrupted, raising concerns about near-term sales and operational continuity for one of Coca-Cola’s fastest-growing businesses. Gang claims responsibility for hack at Coca-Cola’s fairlife unit Negative Sentiment: Additional coverage said Fairlife production was halted after the ransomware attack, which could temporarily affect store shelves and investor sentiment even if Coca-Cola’s core beverage business remains intact. A Ransomware Attack Just Halted Coca-Cola’s Fairlife Production and Knocked the Stock Down 4%. Should Dividend Investors Care? CocaCola Trading Up 0.4% Shares of NYSE:KO opened at $82.32 on Thursday. CocaCola Company has a one year low of $65.35 and a one year high of $85.68. The stock has a market capitalization of $354.19 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 3.32 and a beta of 0.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.36 and a quick ratio of 1.15. The company’s 50-day moving average price is $81.39 and its two-hundred day moving average price is $77.94.

CocaCola (NYSE:KO – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $12.24 billion. CocaCola had a return on equity of 40.55% and a net margin of 27.80%.The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. CocaCola has set its FY 2026 guidance at 3.240-3.270 EPS. On average, equities analysts forecast that CocaCola Company will post 3.26 EPS for the current fiscal year.

CocaCola Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. CocaCola’s dividend payout ratio is 66.67%.

CocaCola Company Profile (Free Report)

The Coca‑Cola Company (NYSE: KO) is a global beverage manufacturer, marketer and distributor best known for its flagship Coca‑Cola soda. Headquartered in Atlanta, Georgia, the company develops and sells concentrates, syrups and finished beverages across a broad portfolio of brands. Its product range spans sparkling soft drinks, bottled water, sports drinks, juices, ready‑to‑drink teas and coffees, and other still beverages, marketed under both global and regional brand names.

Coca‑Cola’s brand portfolio includes widely recognized names such as Coca‑Cola, Diet Coke, Coca‑Cola Zero Sugar, Sprite, Fanta, Minute Maid, Powerade and Dasani, and in recent years the company has expanded into the coffee and premium beverage categories through acquisitions such as Costa Coffee.

Featured Articles Five stocks we like better than CocaCola Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Alphabet delivered another blockbuster quarter for its cloud business, but investors focused instead on the rising cost of the artificial intelligence race.

The Google parent reported record growth in its cloud division and topped Wall Street's revenue expectations, yet shares fell more than 3.5% in premarket trading on Thursday after the company lifted its capital expenditure guidance for 2026 and reported negative free cash flow for the first time in its history.

Alphabet's biggest highlight came from Google Cloud, which posted its strongest quarterly performance on record.

Cloud revenue jumped 82% year over year to $24.8 billion in the quarter ended June, significantly exceeding analysts' expectations for roughly 64% growth, according to LSEG data.

The strong performance reflected robust enterprise demand for AI infrastructure and cloud computing services as companies continue deploying generative AI applications at scale.

Management also said cloud margins expanded during the quarter, while adoption of its Gemini AI models accelerated across enterprise customers.

Overall revenue exceeded Wall Street expectations, although adjusted earnings per share of $2.85 came in just below analysts' consensus estimate of $2.89.

Despite the earnings miss, analysts generally viewed the operating performance as strong, with cloud continuing to emerge as Alphabet's primary growth engine.

However, the positive cloud results were overshadowed by another sharp increase in Alphabet's investment plans.

Chief Financial Officer Anat Ashkenazi told analysts that the company now expects to spend between $195 billion and $205 billion in capital expenditures during 2026, above the previous guidance of $180 billion to $190 billion.

The revised outlook also exceeded analysts' expectations of approximately $188 billion, according to Visible Alpha.

"The increase in the range is primarily due to an acceleration in the delivery of capacity to meet growing demand," Ashkenazi said during the earnings call.

She added that Alphabet remains committed to investing aggressively in infrastructure as long as returns remain attractive.

"We're still in a supply-constrained environment," she said. "I think we've said this now for multiple quarters in a row, and we are seeing very strong demand both from external cloud customers as well as across the business."

The company attributed the higher spending to expanding data center capacity needed to support growing AI workloads and cloud demand.

The scale of Alphabet's investments was also reflected in its cash generation.

The company reported negative free cash flow of $5.9 billion during the quarter, a sharp reversal from nearly $25 billion in free cash flow generated during the same period last year.

Ashkenazi acknowledged that cash generation is likely to remain under pressure.

"We expect the free cash flow will remain under pressure, driven by our investments in technical infrastructure, which enables us to capitalize on the AI opportunity and continue to drive attractive returns," she said.

Bloomberg Intelligence analyst Mandeep Singh said the financial results were difficult to fault operationally but warned that the trajectory of capital spending could leave Alphabet generating negative free cash flow for an extended period.

"Right now they are probably $10-$15 billion free cash flow for this year, next year if this goes to $300 billion there is no way they're going to be positive free cash flow," Singh said on a Bloomberg Podcasts episode.

He added that from this perspective, despite a 24% topline growth, for a company at their scale with negative free cash flow, investors would like to see stronger contributions from Search, YouTube and other businesses rather than relying primarily on cloud growth.

Thomas Monteiro, senior analyst at Investing.com, expressed similar concerns.

"After a negative cash flow quarter, the new raise in capex does not sit well for Alphabet," he said.

"The market's most reliable cash generators are now spending more than they bring in. As long as revenue keeps accelerating, investors will tolerate it. But capital has a real cost again, and the room for error is shrinking every quarter."

AI competition remains intenseWhile GOOG Cloud continues benefiting from the AI boom, Alphabet's own AI products remain under close scrutiny.

The company delayed the launch of Gemini 3.5 Pro earlier this year, allowing rivals such as OpenAI and Anthropic to strengthen their positions in enterprise AI and coding assistants.

Chinese open-source AI models have also intensified competitive pressure.

During the earnings call, analysts repeatedly questioned Chief Executive Sundar Pichai about Google's ability to maintain leadership in frontier AI development.

"There are many attributes on which we are still at the frontier. There are areas where we've acknowledged we need to improve; coding and agentic coding is an example of that," Pichai said.

He added that Alphabet has already begun training Gemini 4 and is directing significant computing resources toward the next-generation model.

Analysts remain optimisticDespite investor concerns over spending, several brokerages maintained bullish views on the stock.

Mizuho said the higher capital expenditure guidance had been largely anticipated and argued the market reaction was surprising given the strength of the cloud business.

"As such, we are surprised the stock is trading off after hours and would expect it to recover in trading tomorrow," the firm wrote, reiterating its Buy rating.

Wolfe Research also reaffirmed its Outperform rating with a $460 price target after increasing its own capital expenditure estimates.

The brokerage expects Alphabet's AI infrastructure investments to continue expanding through 2027, forecasting capital expenditure could rise to around $330 billion as the company builds additional capacity for its Tensor Processing Units (TPUs).

Wolfe estimates Alphabet has already accumulated more than $100 billion in TPU-related sales within its backlog, with most of that revenue expected to begin materialising from 2027 onward as capacity comes online.

Google has been fined a total of €890m (£760m) by the EU for breaches of online competition laws by its search and app store services.

The European Commission, the EU’s executive arm, said Google had broken the Digital Markets Act by giving priority to its own services, such as shopping and hotel deals, in search results over those of its rivals.

It also infringed the DMA by preventing app developers from steering consumers towards cheaper offers, including for subscriptions, on websites or alternative app stores.

Google has been fined €460m for the search-related breach and €430m for the app store violation. The commission has ordered the company to treat third-party services that appear in its search results in a “fair and non-discriminatory manner” and allow app developers to make offers outside Google’s app store.

It noted that Google had already started testing changes to how it displays search results featuring its own services. It said those changes represent “substantial progress towards compliance”.

Consumers will be direct beneficiaries of the decision by the EU, a senior official said. “Research results will be in different in Europe. They will have to adapt their search engine going forward,” they said.

Max von Thun, director of the Open Markets Institute Europe thinktank, said the fines were the “bare minimum” for a company that made revenues of just over $400bn last year.

“Having finally established Google’s non-compliance, the commission must now move quickly to force Google to end its anti-competitive practices once and for all. Europe’s startups and innovators cannot wait much longer,” he said.

The decision to impose the fine risks the ire of Donald Trump, only hours before a series of temporary global tariffs against about 60 countries expires.

A senior official for the EU said they had no knowledge of how Trump was likely to react, insisting that the bloc had the “sovereign right” to regulate US tech companies in its own jurisdiction and that the timing of the fine was not connected to tariffs.

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Last year Apple and Mark Zuckerberg’s Meta were fined under the DMA. Apple was told to pay €500m for anti-competitive practices at its app store and Meta was told to pay €200m in a ruling on its ad-free “consent or pay” proposal for facebook and Instagram.

Google can appeal against the decision and ask for interim measures, including a request to suspend the measure. The search company’s president of global affairs, Kent Walker, described the fine as “product degradation driven by a small group of self-serving complainants” that will have a negative impact on European businesses and consumers.

He argued that the DMA forces Google “to strip away real-time search features Europeans love – like instant pricing and direct availability for hotels, flights, and restaurants – and dismantle safety protections on Google Play”.

SummaryCompaniesGoogle fined €460 million for favouring own servicesAnother €430 million fine for anti-steering restrictionsEU laws must be fully respected, EU antitrust chief saysEU says constructive talks with Google, more fines unlikelyBRUSSELS, July 23 (Reuters) - Alphabet's (GOOGL.O), opens new tab Google was fined a total ​of €890 million ($1 billion) on Thursday for flouting European Union rules aimed at reining in the power of Big Tech, the European Commission ‌said.

However, the U.S. tech giant is likely to avoid fresh fines as EU regulators lauded good progress in its ongoing efforts to comply with the landmark legislation.

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The fines underscored Europe's determination to prevent Big Tech companies from thwarting rivals, defying U.S. criticism and retaliatory tariff threats.

One fine of €460 million was handed out to Google by the European Commission under ​the Digital Markets Act for favouring its own services in shopping, hotels, transport and sports results in search results.

A second fine of €430 million ​targeted Google's restrictions on its app store Google Play preventing app developers from steering users free of charge to cheaper ⁠offers on rival app stores or websites.

Reuters was the first to report on both fines, which are the first for the U.S. tech giant under the DMA ​but the fifth and sixth overall for anti-competitive practices, making for total penalties of €10.38 billion over nearly two decades.

"Our duty and obligation is to comply with ​the laws, that our laws are fully respected," EU antitrust chief Teresa Ribera told reporters when asked about U.S. pushback.

"The DMA is to make sure we have a fair and level playing field. With these decisions we want to make sure there is competition," EU tech chief Henna Virkkunen told reporters.

Google, which has 60 days to comply with the ​Commission's orders to treat rivals in a fair and non-discriminatory manner and to allow app developers to steer users away from its app store, criticised the EU ​findings and said it might take the Commission to court.

"To comply, we are having to strip away real-time Search features Europeans love - like instant pricing and direct availability for hotels, flights, ‌and restaurants - ⁠and dismantle safety protections on Google Play," Google President of Global Affairs Kent Walker said in a statement.

"This isn't fair competition; it's product degradation driven by a small group of self-serving complainants, with European businesses and consumers taking the hit. Regulation should improve products, not make them worse," he said.

MORE FINES UNLIKELY GIVEN 'CONSTRUCTIVE DIALOGUE'The Commission, which acts as the EU competition enforcer, pointed to a "constructive dialogue" with Google and significant progress made to comply with the DMA, indicating that ​daily penalties for non-compliance are likely ​off the table.

"Google has proposed and ⁠started testing changes to how it presents its own services on Google Search for free services such as shopping, hotels and flights," the Commission said, calling it substantial progress.

"The Commission also notes that Google has proposed and started testing changes ​to how it presents shopping ads and content related services, such as sports," it said, adding it would assess ​the changes and continue ⁠talks with Google.

The EU watchdog also said Google may apply the principles of Thursday's decision to its AI-generated summaries known as AI Overviews and AI Mode and that talks would continue to this end.

Google's changes to its steering terms on Google Play received a tentative thumbs up from the Commission.

"These constitute good progress towards ⁠compliance and ​will also be assessed in light of the cease and desist order of today's decision," it ​said.

Europe's crackdown on Big Tech has angered U.S. President Donald Trump's administration, which has threatened to retaliate with tariffs for what he said are moves targeting U.S. companies while U.S. lawmakers have also piled on the pressure.

The fines are ​the third under the DMA after penalties handed out to Apple and Meta Platforms in April last year.

($1 = 0.8763 euros)

Reporting by Foo Yun Chee Editing by Tomasz Janowski

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

An agenda-setting and market-moving journalist, Foo Yun Chee is a 21-year veteran at Reuters. Her stories on high profile mergers have pushed up the European telecoms index, lifted companies' shares and helped investors decide on their next move. Her knowledge and experience of European antitrust laws and developments helped her break stories on Microsoft, Google, Amazon, Meta and Apple, numerous market-moving mergers and antitrust investigations. She has previously reported on Greek politics and companies, when Greece's entry into the eurozone meant it punched above its weight on the international stage, as well as on Dutch corporate giants and the quirks of Dutch society and culture that never fail to charm readers.

Alphabet shares pare back overnight as investors scrutinise its ever-increasing capex plans. Tesla is also down after missing on earnings while free cash flow turns negative.

Alphabet's Google has been fined a combined €890 million ($1 billion) by European Union regulators for violating landmark digital competition rules, even as Brussels acknowledged the company has made significant progress toward complying with the bloc's new antitrust framework.

The penalties, announced on Thursday under the Digital Markets Act, target GOOG treatment of rivals in its search engine and app marketplace, reinforcing the EU's determination to curb the market power of large technology companies despite growing political pressure from the United States.

However, the European Commission indicated that Google's recent efforts to modify its products have been constructive, suggesting the company is unlikely to face additional daily fines if it continues on its current compliance path.

The larger of the two penalties, worth €460 million, relates to Google's search engine.

The European Commission said Google unfairly favoured its own services in search results covering shopping, hotels, transport and sports, giving them preferential placement over competing offerings.

A second fine of €430 million concerns Google's Play Store policies, where regulators found the company prevented app developers from directing users, free of charge, to cheaper offers available on rival app stores or external websites.

The Commission said such practices breached the Digital Markets Act, legislation introduced to prevent dominant digital platforms from using their scale to disadvantage competitors.

"Our duty and obligation is to comply with the laws, so that our laws are fully respected," EU antitrust chief Teresa Ribera told reporters.

"The DMA is to make sure we have a fair and level playing field. With these decisions we want to make sure there is competition," EU tech chief Henna Virkkunen added.

Under the DMA, companies can face fines of up to 10% of their annual global turnover for violations.

According to an EU official cited by AFP, Thursday's penalties amount to roughly 0.22% of Google's global revenue.

Google criticised the Commission's findings, arguing that the required changes would ultimately harm consumers and businesses across Europe.

"To comply, we are having to strip away real-time Search features Europeans love - like instant pricing and direct availability for hotels, flights, and restaurants and dismantle safety protections on Google Play," Kent Walker, Google's President of Global Affairs, said in a statement.

"This isn't fair competition; it's product degradation driven by a small group of self-serving complainants, with European businesses and consumers taking the hit. Regulation should improve products, not make them worse."

The company has 60 days to comply with the Commission's cease-and-desist orders and said it is considering challenging the decision in court.

Despite the fines, the Commission struck a noticeably more conciliatory tone regarding Google's ongoing compliance efforts.

Officials pointed to what they described as a "constructive dialogue" with the company and highlighted meaningful progress in adapting several of its services to satisfy the DMA.

Google has already begun testing changes to how it displays its own shopping, hotel and flight services within Search, while also experimenting with modifications to shopping advertisements and sports-related content.

"The Commission also notes that Google has proposed and started testing changes to how it presents shopping ads and content-related services, such as sports," the regulator said.

It added that these changes will continue to be assessed through ongoing discussions with the company.

The Commission also indicated that the principles established in Thursday's decision could eventually apply to Google's AI-generated search products, including AI Overviews and AI Mode.

Separately, regulators said Google's revised steering rules for Play Store developers appear to represent "good progress towards compliance" and will also be evaluated further.

The comments suggest Brussels is unlikely to pursue additional financial penalties if Google continues implementing the required changes.

EU maintains pressure despite US criticismThe latest action highlights Europe's continued willingness to enforce its digital competition rules despite criticism from Washington.

The fines arrive just days before the first anniversary of a tariff agreement between the United States and the European Union that helped ease broader trade tensions.

US President Donald Trump's administration has repeatedly accused Brussels of unfairly targeting American technology companies and has threatened retaliatory tariffs over European digital regulation.

European officials, however, dismissed suggestions that geopolitical pressure would influence enforcement.

Ribera said the Commission's responsibility is "to ensure that the regulation that is being adopted by our sovereign institutions is fully enforced and respected."

She also noted that similar antitrust cases are being pursued in the United States, arguing that American regulators are addressing comparable competitive concerns.

The latest penalties mark the third major enforcement action under the Digital Markets Act after fines imposed on Apple and Meta Platforms last year.

Google has also faced a series of earlier EU antitrust cases.

Between 2017 and 2019, the company was fined a combined €8.2 billion under previous competition rules.

Last year, Brussels imposed another €2.95 billion penalty in a separate antitrust case, prompting renewed criticism from the Trump administration.

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SummaryAlphabet reported strong Q2 results, with 24% YoY revenue growth and a 300% YoY net income surge.Despite a post-earnings sell-off driven by rising AI CapEx and negative free cash flow, I view this as a buying opportunity.GOOGL's aggressive AI and cloud investments are strategic loss leaders, deepening user entrenchment and expanding its moat.I maintain a bullish buy rating, seeing the CapEx-driven dip as temporary and supportive of long-term value creation. Heather Diehl/Getty Images News

Alphabet (GOOG/GOOGL) reported its Q2 earnings on July 22, and the market sold it off, largely on the headline that its AI capex spending (which commentators and investors have been bemoaning about the ROI

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOGL, COST either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

SummaryCompaniesPrime Video to receive an AI-driven redesignJeff Bezos is overseeing Prime Video projectAmazon aims to improve its battered reputation in AISAN FRANCISCO, July 23 (Reuters) - Jeff Bezos has identified a new, high-profile platform to help showcase the hundreds of billions of dollars Amazon (AMZN.O), opens new tab has bet on artificial intelligence: Prime Video.

The Amazon founder and executive chairman pushed Prime Video head Mike Hopkins to overhaul the streaming service so that AI is front and ​center, according to four people with direct knowledge of the matter.

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The resulting project, known internally as Lighthouse, would shine a light on Amazon’s AI capabilities for the more than 200 million consumers ‌who use Prime Video.

Lighthouse is viewed as one critical piece in Amazon’s companywide efforts to elevate the company’s stature in artificial intelligence, as competitors like OpenAI and Anthropic speed ahead, the people said. Other AI initiatives, such as the multiyear overhaul of its Alexa voice assistant to provide more conversational responses, have had mixed results and the unit is still losing money, people familiar with the matter have previously told Reuters.

Amazon declined to comment.

CONTENTIOUS MEETING SPARKED OVERHAULThe Prime Video initiative grew out of an internal presentation the streaming service’s executives made to Bezos ​last autumn that turned contentious, according to these people.

Bezos was displeased that Hopkins' plans to update Prime Video failed to sufficiently highlight the service’s capabilities in AI and personalization, according to the people. Bezos' response ​prompted the Prime Video executives to scrap their previous plans and embark on Lighthouse.

The company has committed some $200 billion to capital expenditures this year, related primarily to developing AI, ⁠and invested an initial $23 billion in ChatGPT-maker OpenAI and Anthropic combined, with the potential for upwards of another $40 billion.

Lighthouse entails a broad swath of new features that use AI to improve film and TV recommendations, in part by ​learning consumers' preferences, and responding to spoken requests, according to one person with knowledge of the project who spoke on condition of anonymity. Prime Video is working on redesigning the main home page as part of the project, the other ​people said.

The final redesign has not yet been settled, but one option Prime Video executives discussed includes AI-driven tiles, with pre-populated viewing suggestions like “action movies from the 1980s” or “Christmas rom-coms,” three of the people said. Another source said a current version does not include text-heavy tiles.

The traditional search function would remain, as well as space at the top of the screen for video highlights promoting new releases or sporting events, such as “Thursday Night Football,” the weekly National Football League game that is exclusive to Amazon.

Amazon is already testing versions of ​the redesign with a few users, said one of the people. Prime Video's plans, the people said, could change due to feedback from early testers, or financial or other concerns.

Prime Video, like other streaming services, relies on paid placement ​by studios, as well as software algorithms, to dictate where content is displayed on the home screen, said Michael Goodman, director of entertainment research for Parks Associates. Any change to that, including through greater personalization, could upend that system, he said.

“The real ‌estate on the ⁠home screen is very valuable to studios, so it would be a big change to take away any of that coveted space,” said Goodman.

FOUNDER'S PERSONAL INVOLVEMENTBezos has been personally involved in the Prime Video overhaul, the people said, including receiving occasional updates, underscoring the stakes for a company battling a reputation for subpar AI foundation models. Improved personalization can lead to more hours spent on the service.

His involvement with the Prime Video project is unusual as he has taken a step back from most day-to-day operations at Amazon since relinquishing the CEO title in 2021. He also owns the Washington Post and is the founder of spaceflight firm Blue Origin and AI startup Prometheus, reportedly valued at around $41 billion. He has focused ​more of his attention on those projects.

Prime Video is one ​of Amazon's best-known brands and is available to ⁠consumers in a number of markets where Amazon has limited or no e-commerce presence. Beyond no-cost shipping, Prime Video is the Prime subscription's most-used offering.

As part of the Lighthouse project, Amazon has also discussed integrating the Alexa voice assistant into Prime Video’s search function, the people said. Amazon in early 2025 released an overhauled generative AI version of Alexa, and ​integrated it into its main shopping site in May 2026.

Kam Keshmiri, global head of the Prime Video design, was also at the meeting with Bezos and is now ​leading the Lighthouse redesign, the people ⁠said.

PRIME VIDEO'S MARKET POSITIONIn the U.S., Prime Video is the fourth most-watched streaming service, but it is prized by Bezos, who frequents high-profile Hollywood events and owns a $165 million home in Beverly Hills.

Amazon became the first streaming service to win an Academy Award in a major category. The company deepened its commitment to entertainment in 2022 when it paid $8.5 billion to buy MGM, giving it access to many well-known entertainment franchises, including James Bond.

Prime Video’s 4.2% share of television viewing in the U.S. trails YouTube ⁠with 13.4%, Netflix (NFLX.O), opens new tab ​at 7.8% and Walt Disney's (DIS.N), opens new tab Disney+ at 5%, according to April data from Nielsen. Still, many Prime Video members spend hours a week ​consuming content on the platform, and the company wants to further hone its personalization capabilities through AI.

The service released a significant redesign in July 2024, aimed at making it easier for users to distinguish between what content is free and what costs extra, such as subscriptions to Paramount+ ​and TV shows and movies that require a rental fee.

Amazon wants Prime Video to be users’ central hub for paid subscriptions.

Reporting by Greg Bensinger in San Francisco and Dawn Chmielewski in Los Angeles; Editing by Edmund Lee and Matthew Lewis

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

Greg Bensinger joined Reuters as a technology correspondent in 2022 focusing on the world's largest technology companies. He was previously a member of The New York Times editorial board and a technology beat reporter for The Washington Post and The Wall Street Journal. He also worked for Bloomberg News writing about the auto and telecommunications industries. He studied English literature at The University of Virginia and graduate journalism at Columbia University. Greg lives in San Francisco with his wife and two children.

There are numerous ways Amazon (AMZN -1.09%) stands to benefit from artificial intelligence (AI). Some of the more obvious efficiencies can be gained through robotics or more targeted advertising, both of which stand to improve the company's logistics and e-commerce operations.

In my eyes, the biggest opportunity for AI-driven growth touches the company's cloud infrastructure business, Amazon Web Services (AWS). Amazon CEO Andy Jassy has already hinted that the company's custom Trainium, Inferentia, and Graviton chips could be sold externally. Meanwhile, Jassy has made it clear that Amazon's data center build-outs are a core pillar supporting the company's broader AI roadmap.

One thing investors seem to overlook, however, is that AWS has also leaned into neocloud capacity deals to supplement its own infrastructure. With Amazon scheduled to report earnings on July 30, I think Jassy could announce a new neocloud agreement -- specifically with Nebius Group (NBIS +0.61%). Let's dig into why a deal between AWS and Nebius could make sense.

Amazon CEO Andy Jassy. Image source: Amazon.com.

What are neoclouds, and how does Amazon use them? Unlike traditional hyperscalers that juggle a multitude of general-purpose services, neoclouds focus almost exclusively on leasing high-performance GPU clusters. Companies such as CoreWeave and Nebius provide cloud-based capacity featuring accelerators from Nvidia to their end customers.

Nebius has already signed a deal worth up to $19 billion with Microsoft and another worth up to $27 billion with Meta Platforms. Back in November, AWS signed a 15-year lease agreement with Cipher Mining worth $5.5 billion. Cipher will deliver 300 megawatts of high-performance compute to AWS through a new data center campus in Texas.

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Why AWS and Nebius look like a good match A partnership between AWS and Nebius comes with a number of mutual benefits. For AWS, Nebius brings scalable GPU capacity backed by a deep relationship with Nvidia that includes priority access to next-generation chips. Moreover, Nebius' ecosystem can integrate with AWS services like Bedrock.

In addition, Amazon's new $25 billion bond deal is a clear signal that the company cannot use its own free cash flow to fund the entirety of its AI infrastructure vision. This makes collaborating with a neocloud to bridge capacity demand even more appealing.

For Nebius, a deal with AWS provides even more hyperscaler revenue visibility and further validation at the highest level. It also opens doors to AWS's vast enterprise customer base and ecosystem tools, helping accelerate adoption beyond its existing relationships.

Image source: The Motley Fool.

Nebius stock could soar on news of another hyperscaler deal The deals with Meta and Microsoft feature firm capacity reservations for thousands of GPUs over multiple years, proving Nebius can handle hyperscaler demand. Adding AWS to its ecosystem would diversify Nebius's customer base, reduce revenue concentration risk, and signal broader industry acceptance of neocloud platforms.

All told, the combination of AWS's market leadership and Nebius's specialized capacity creates a compelling opportunity in the AI infrastructure era. A deal between the two parties would serve as a powerful catalyst for Nebius stock as it highlights the ongoing shortage of AI compute -- positioning the stock for outsize gains as AI build-outs accelerate.

Adam Spatacco has positions in Amazon, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Amazon, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.

Posted by Defense World Staff on Jul 23rd, 2026

CFS Investment Advisory Services LLC decreased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 8.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 13,936 shares of the software giant’s stock after selling 1,320 shares during the period. CFS Investment Advisory Services LLC’s holdings in Microsoft were worth $5,159,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Longfellow Investment Management Co. LLC lifted its holdings in Microsoft by 51.3% during the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after buying an additional 20 shares during the period. Bernzott Capital Advisors bought a new stake in Microsoft during the 4th quarter valued at $34,000. Timmons Wealth Management LLC purchased a new position in shares of Microsoft in the 4th quarter valued at $36,000. Fairway Wealth LLC increased its holdings in shares of Microsoft by 287.0% in the 4th quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock valued at $43,000 after acquiring an additional 66 shares during the period. Finally, LSV Asset Management bought a new position in shares of Microsoft in the 4th quarter worth $44,000. Institutional investors own 71.13% of the company’s stock.

Microsoft News Summary Here are the key news stories impacting Microsoft this week:

Positive Sentiment: Analysts at Morgan Stanley, Bernstein, Truist, and CLSA remained constructive on Microsoft, with reports calling the stock deeply undervalued and setting price targets well above current levels. Microsoft has 3 secret weapons that could drive its stock 50% higher, analyst says Positive Sentiment: Microsoft expanded its strategic partnership with Mistral AI, adding another way to grow its cloud and AI ecosystem in Europe and regulated industries. Microsoft to fund Mistral’s European AI expansion in multibillion-dollar deal Positive Sentiment: Microsoft also deepened AI-related ties through new commitments to the DOE’s “Genesis Mission,” reinforcing its role in major public-sector AI infrastructure projects. Microsoft commits $60M to ‘Genesis Mission’ to help power Dept. of Energy’s AI-for-science push Positive Sentiment: Reports highlighted record data-center demand led by hyperscalers including Microsoft, suggesting its AI infrastructure buildout remains robust despite the selloff. Sorry, AI Bears: Meta, Microsoft, and Google Lead Record Data Center Demand Neutral Sentiment: Microsoft’s upcoming July 29 earnings report is the next major catalyst, with Wall Street focused on Azure growth, AI margins, and whether heavy capex is starting to bite. Neutral Sentiment: Several articles noted strong buy-the-dip interest from retail investors, but this is sentiment-driven rather than a direct business update. Negative Sentiment: Investor concern is growing that Microsoft’s elevated AI spending is becoming an overhang, potentially pressuring near-term profitability and limiting upside. Microsoft Q4 Earnings Preview – Oppenheimer Says Demand Is Healthy, ‘But Elevated Capex Remains an Overhang’ on MSFT Stock Negative Sentiment: New securities-fraud class-action headlines tied to alleged AI/Copilot disclosure issues are adding another layer of uncertainty for Microsoft investors. MSFT Shareholder Alert: Microsoft Corporation Securities Class Action Lawsuit – Investors with Losses May Contact Levi & Korsinsky Insiders Place Their Bets In other news, CEO Judson Althoff sold 15,500 shares of Microsoft stock in a transaction on Monday, June 1st. The shares were sold at an average price of $460.99, for a total transaction of $7,145,345.00. Following the completion of the sale, the chief executive officer directly owned 110,477 shares in the company, valued at approximately $50,928,792.23. The trade was a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Takeshi Numoto sold 4,500 shares of Microsoft stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $402.84, for a total transaction of $1,812,780.00. Following the sale, the executive vice president owned 47,468 shares of the company’s stock, valued at $19,122,009.12. The trade was a 8.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 23,762 shares of company stock valued at $10,508,361. Insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.9% Microsoft stock opened at $390.34 on Thursday. The stock has a 50-day moving average of $399.57 and a two-hundred day moving average of $408.91. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.28. Microsoft Corporation has a one year low of $349.20 and a one year high of $555.45. The stock has a market cap of $2.90 trillion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.22 and a beta of 1.13.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The software giant reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.06 by $0.21. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.The business had revenue of $82.89 billion for the quarter, compared to analyst estimates of $81.44 billion. During the same quarter in the previous year, the firm earned $3.46 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. On average, research analysts anticipate that Microsoft Corporation will post 16.71 EPS for the current fiscal year.

Microsoft Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, August 20th. Microsoft’s payout ratio is currently 21.67%.

Wall Street Analysts Forecast Growth A number of brokerages recently weighed in on MSFT. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $646.00 price objective on shares of Microsoft in a research report on Wednesday. Raymond James Financial downgraded shares of Microsoft from a “market perform” rating to a “market perform” rating in a report on Tuesday, May 5th. New Street Research decreased their price target on shares of Microsoft from $675.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Scotiabank upgraded shares of Microsoft from an “outperform” rating to an “outperform” rating in a report on Monday, July 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Microsoft in a research report on Thursday, April 30th. Forty-three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $556.37.

View Our Latest Research Report on Microsoft

Microsoft Company Profile (Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

Further Reading Five stocks we like better than Microsoft Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Capital Planning LLC lessened its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 2.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,905 shares of the software giant’s stock after selling 1,511 shares during the period. Microsoft accounts for 6.5% of Capital Planning LLC’s holdings, making the stock its 3rd biggest holding. Capital Planning LLC’s holdings in Microsoft were worth $19,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MSFT. Vanguard Group Inc. boosted its holdings in shares of Microsoft by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 717,942,580 shares of the software giant’s stock worth $347,211,391,000 after buying an additional 15,955,898 shares in the last quarter. State Street Corp increased its stake in shares of Microsoft by 2.1% in the 4th quarter. State Street Corp now owns 306,150,608 shares of the software giant’s stock valued at $148,060,557,000 after acquiring an additional 6,388,930 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Microsoft by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 182,618,400 shares of the software giant’s stock valued at $88,056,019,000 after acquiring an additional 1,911,142 shares during the period. Morgan Stanley boosted its stake in Microsoft by 0.8% during the fourth quarter. Morgan Stanley now owns 121,220,561 shares of the software giant’s stock worth $58,624,690,000 after acquiring an additional 980,439 shares in the last quarter. Finally, Norges Bank acquired a new stake in Microsoft in the fourth quarter worth $50,664,631,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 1.9% Shares of MSFT stock opened at $390.34 on Thursday. Microsoft Corporation has a 52-week low of $349.20 and a 52-week high of $555.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.28. The company has a 50-day simple moving average of $399.57 and a two-hundred day simple moving average of $408.91. The company has a market capitalization of $2.90 trillion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.22 and a beta of 1.13.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The software giant reported $4.27 EPS for the quarter, beating the consensus estimate of $4.06 by $0.21. Microsoft had a net margin of 39.34% and a return on equity of 31.94%. The firm had revenue of $82.89 billion during the quarter, compared to analyst estimates of $81.44 billion. During the same quarter last year, the business posted $3.46 EPS. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Research analysts anticipate that Microsoft Corporation will post 16.71 EPS for the current fiscal year.

Microsoft Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, August 20th. Microsoft’s dividend payout ratio (DPR) is presently 21.67%.

Analyst Upgrades and Downgrades Several brokerages have recently weighed in on MSFT. CLSA started coverage on shares of Microsoft in a report on Monday. They set an “outperform” rating and a $535.00 price objective on the stock. TD Cowen reaffirmed a “buy” rating and set a $540.00 price target on shares of Microsoft in a research note on Thursday, June 4th. Phillip Securities raised Microsoft to a “buy” rating and set a $485.00 price objective for the company in a research note on Wednesday, May 13th. Cantor Fitzgerald restated an “overweight” rating and set a $502.00 price objective on shares of Microsoft in a report on Thursday, June 4th. Finally, Raymond James Financial lowered Microsoft from a “market perform” rating to a “market perform” rating in a research report on Tuesday, May 5th. Forty-three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $556.37.

View Our Latest Stock Report on Microsoft

Insider Buying and Selling In other Microsoft news, EVP Amy Coleman sold 1,262 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $411.34, for a total value of $519,111.08. Following the transaction, the executive vice president owned 46,003 shares of the company’s stock, valued at approximately $18,922,874.02. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Takeshi Numoto sold 4,500 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $402.84, for a total value of $1,812,780.00. Following the completion of the transaction, the executive vice president owned 47,468 shares of the company’s stock, valued at $19,122,009.12. This trade represents a 8.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 23,762 shares of company stock worth $10,508,361. 0.03% of the stock is owned by company insiders.

More Microsoft News Here are the key news stories impacting Microsoft this week:

Positive Sentiment: Analysts at Morgan Stanley, Bernstein, Truist, and CLSA remained constructive on Microsoft, with reports calling the stock deeply undervalued and setting price targets well above current levels. Microsoft has 3 secret weapons that could drive its stock 50% higher, analyst says Positive Sentiment: Microsoft expanded its strategic partnership with Mistral AI, adding another way to grow its cloud and AI ecosystem in Europe and regulated industries. Microsoft to fund Mistral’s European AI expansion in multibillion-dollar deal Positive Sentiment: Microsoft also deepened AI-related ties through new commitments to the DOE’s “Genesis Mission,” reinforcing its role in major public-sector AI infrastructure projects. Microsoft commits $60M to ‘Genesis Mission’ to help power Dept. of Energy’s AI-for-science push Positive Sentiment: Reports highlighted record data-center demand led by hyperscalers including Microsoft, suggesting its AI infrastructure buildout remains robust despite the selloff. Sorry, AI Bears: Meta, Microsoft, and Google Lead Record Data Center Demand Neutral Sentiment: Microsoft’s upcoming July 29 earnings report is the next major catalyst, with Wall Street focused on Azure growth, AI margins, and whether heavy capex is starting to bite. Neutral Sentiment: Several articles noted strong buy-the-dip interest from retail investors, but this is sentiment-driven rather than a direct business update. Negative Sentiment: Investor concern is growing that Microsoft’s elevated AI spending is becoming an overhang, potentially pressuring near-term profitability and limiting upside. Microsoft Q4 Earnings Preview – Oppenheimer Says Demand Is Healthy, ‘But Elevated Capex Remains an Overhang’ on MSFT Stock Negative Sentiment: New securities-fraud class-action headlines tied to alleged AI/Copilot disclosure issues are adding another layer of uncertainty for Microsoft investors. MSFT Shareholder Alert: Microsoft Corporation Securities Class Action Lawsuit – Investors with Losses May Contact Levi & Korsinsky Microsoft Company Profile (Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

Featured Articles Five stocks we like better than Microsoft Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Posted by Defense World Staff on Jul 23rd, 2026

Aureus Asset Management LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 5,717 shares of the semiconductor manufacturer’s stock, valued at approximately $1,163,000.

A number of other hedge funds have also recently bought and sold shares of AMD. Clearwater Capital Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 1st quarter worth approximately $226,000. Militia Capital Management LLC acquired a new stake in Advanced Micro Devices during the first quarter worth $2,846,000. Daner Wealth Management LLC bought a new stake in Advanced Micro Devices in the 1st quarter valued at $221,000. CI Investments Inc. increased its holdings in Advanced Micro Devices by 6.6% in the 1st quarter. CI Investments Inc. now owns 886,360 shares of the semiconductor manufacturer’s stock valued at $180,312,000 after buying an additional 54,721 shares during the period. Finally, Marin Bay Wealth Advisors LLC raised its stake in shares of Advanced Micro Devices by 17.0% in the 1st quarter. Marin Bay Wealth Advisors LLC now owns 1,662 shares of the semiconductor manufacturer’s stock valued at $338,000 after buying an additional 241 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices In other news, EVP Forrest Eugene Norrod sold 19,487 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the sale, the executive vice president directly owned 324,527 shares in the company, valued at approximately $140,000,947.80. This trade represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of Advanced Micro Devices stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the transaction, the executive vice president directly owned 105,222 shares of the company’s stock, valued at $46,759,604.58. This represents a 18.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 341,630 shares of company stock valued at $152,147,456. 0.50% of the stock is currently owned by company insiders.

Key Headlines Impacting Advanced Micro Devices Here are the key news stories impacting Advanced Micro Devices this week:

Positive Sentiment: Anthropic’s multi-year plan to deploy up to 2GW of AMD Instinct MI450 GPUs could become a major new revenue stream for AMD. AMD and Anthropic Sign Major Chips-and-Investment Deal Positive Sentiment: AMD’s planned investment in Anthropic signals a deeper strategic alliance and could help the company win more AI infrastructure customers. AMD to invest up to $5 billion in Anthropic, WSJ Reports Positive Sentiment: Analysts are becoming more confident that the Anthropic deal can improve AMD’s long-term revenue outlook and help narrow the gap with Nvidia. AMD Stock Rises as Wells Fargo Gains ‘Further Confidence’ in Revenue after Anthropic Deal Neutral Sentiment: AMD also remains in focus ahead of its Aug. 4 earnings report and upcoming AI event, keeping expectations elevated for more customer wins and product updates. Analyst Ratings Changes AMD has been the topic of several recent research reports. Cantor Fitzgerald lifted their target price on shares of Advanced Micro Devices from $500.00 to $700.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Bank of America increased their price target on shares of Advanced Micro Devices from $550.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Melius Research set a $540.00 price target on shares of Advanced Micro Devices in a research note on Monday, May 18th. DA Davidson lifted their price objective on Advanced Micro Devices from $375.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Wedbush upped their price objective on Advanced Micro Devices from $290.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $468.65.

Read Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Price Performance Shares of Advanced Micro Devices stock opened at $552.33 on Thursday. The stock has a market capitalization of $900.63 billion, a price-to-earnings ratio of 181.09, a P/E/G ratio of 1.58 and a beta of 2.47. The firm’s 50-day moving average price is $508.85 and its two-hundred day moving average price is $337.19. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 1-year low of $149.22 and a 1-year high of $584.73.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. Advanced Micro Devices’s quarterly revenue was up 37.8% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 6.25 earnings per share for the current fiscal year.

Advanced Micro Devices Profile (Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

Further Reading Five stocks we like better than Advanced Micro Devices Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

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Posted by Defense World Staff on Jul 23rd, 2026

Aureus Asset Management LLC reduced its position in The Boeing Company (NYSE:BA – Free Report) by 55.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,704 shares of the aircraft producer’s stock after selling 9,692 shares during the quarter. Aureus Asset Management LLC’s holdings in Boeing were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after acquiring an additional 3,460,021 shares during the last quarter. Newport Trust Company LLC boosted its position in Boeing by 1.0% during the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock worth $6,401,847,000 after purchasing an additional 286,848 shares during the period. Geode Capital Management LLC increased its stake in shares of Boeing by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after purchasing an additional 533,753 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Boeing by 2.5% in the fourth quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock valued at $1,224,752,000 after purchasing an additional 135,860 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Boeing by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock valued at $948,905,000 after buying an additional 138,469 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

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

Positive Sentiment: Boeing announced several new aircraft wins at the Farnborough Airshow, including orders from Luxair, Uganda Airlines, MSC Air Cargo, and AerCap, which supports its backlog and signals steady demand for 737 MAX, 787 Dreamliner, and 777 freighter jets. Article Title Positive Sentiment: TipRanks and other market commentary pointed to Boeing gaining as Airbus plays catch-up, reinforcing investor optimism that Boeing is benefiting from renewed commercial aircraft momentum. Article Title Positive Sentiment: Several reports noted Boeing’s “strong delivery momentum” and improving corporate turnaround narrative, which can help sentiment around the stock if investors believe execution is improving. Article Title Neutral Sentiment: Analysts and trading commentary say Boeing remains a trending stock, but much of the focus is on the upcoming earnings report and whether recent operational progress can be sustained. Article Title Negative Sentiment: Technical-focused coverage flagged Boeing as sitting below key moving averages ahead of Q2 earnings, suggesting the stock still faces resistance and investor caution. Article Title Negative Sentiment: Some coverage also warned that Boeing may report negative earnings next week, which could temper enthusiasm if results disappoint or guidance is weak. Article Title Insider Transactions at Boeing In related news, Director Bradley D. Tilden bought 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Boeing Trading Up 2.0% Shares of BA opened at $208.85 on Thursday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a market capitalization of $164.64 billion, a P/E ratio of 101.38 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The firm’s 50 day simple moving average is $219.98 and its 200 day simple moving average is $224.59.

Boeing (NYSE:BA – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. Boeing’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.49) EPS. Sell-side analysts forecast that The Boeing Company will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades A number of analysts recently issued reports on the company. Citigroup boosted their price objective on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Wolfe Research reiterated an “outperform” rating and set a $275.00 price target on shares of Boeing in a research report on Thursday, April 23rd. Tigress Financial raised their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Btg Pactual set a $260.00 price objective on shares of Boeing in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.53.

View Our Latest Report on Boeing

Boeing Profile (Free Report)

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

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TORONTO, July 23, 2026 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. ("Tilray" or the "Company") (Nasdaq: TLRY; TSX: TLRY), a global lifestyle and consumer packaged goods company at the forefront of the cannabis, wellness, and beverage industries, today announced the launch of ZONNA, a new cannabis brand introducing fast-acting THC pouches designed for adult consumers seeking a discreet, smoke-free, and convenient cannabis experience.

Launching with Bubble Pink, ZONNA combines innovative Capsoil™ technology with a portable pouch design to deliver a fast-acting experience. Designed to fit comfortably between the gum and lip, the compact pouches offer a discreet and odor-free alternative to traditional cannabis consumption methods.

Blair MacNeil, President, Tilray Canada, stated, "Consumer demand is redefining what cannabis can be, and Tilray is leading that evolution through innovation that expands choice for adult consumers. As preferences move toward products that are discreet, convenient, precise, and smoke-free, ZONNA reflects our ability to anticipate where the category is going and deliver differentiated experiences that meet consumers there. By combining fast-acting Capsoil™ technology with a controlled-dose pouch, we are expanding choice, creating new occasions for cannabis consumption, and reinforcing Tilray’s leadership in bringing forward products that move the industry forward."

Each ZONNA pouch contains 10 mg THC, providing a precise and controlled dose while eliminating much of the uncertainty associated with other consumption formats. The launch format includes 15 pouches per container (150 mg THC per pack) and features a child-resistant puck with separate compartments for unused and used pouches, supporting convenient and responsible disposal.

ZONNA Bubble Pink THC Pouches are now available through licensed cannabis retailers across Canada where cannabis products are sold. Follow ZONNA on Instagram to stay up to date.

Canadian cannabis products are produced and distributed by Aphria Inc., a licensed producer under the Cannabis Act.

About Tilray Brands

Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy and create memorable experiences. Tilray’s unprecedented platform supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages.

For more information on how we are elevating lives through moments of connection, visit Tilray.com and follow @Tilray on all social platforms.

Forward-Looking Statements

Certain statements in this communication that are not historical facts constitute forward-looking information or forward-looking statements (together, “forward-looking statements”) under Canadian and U.S. securities laws and 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, that are intended to be subject to the “safe harbor” created by those sections and other applicable laws. Forward-looking statements can be identified by words such as “forecast,” “future,” “should,” “could,” “enable,” “potential,” “contemplate,” “believe,” “anticipate,” “estimate,” “plan,” “expect,” “intend,” “may,” “project,” “will,” “would” and the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Certain material factors, estimates, goals, projections, or assumptions were used in drawing the conclusions contained in the forward-looking statements throughout this communication. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses, or current expectations. Many factors could cause actual results, performance, or achievement to be materially different from any forward-looking statements, and other risks and uncertainties not presently known to the Company or that the Company deems immaterial could also cause actual results or events to differ materially from those expressed in the forward-looking statements contained herein. For a more detailed discussion of these risks and other factors, see the most recently filed annual information form of Tilray and the Annual Report on Form 10-K (and other periodic reports filed with the SEC) of Tilray made with the SEC and available on EDGAR. The forward-looking statements included in this communication are made as of the date of this communication and the Company does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events, or otherwise unless required by applicable securities laws.

For further information, please contact:

Tilray Brands Media: [email protected]

Investors: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6c8a45a0-603f-44b6-9518-e6d056cb29d8

180 Wealth Advisors LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 195,530 shares of the computer hardware maker’s stock after acquiring an additional 2,970 shares during the quarter. NVIDIA accounts for 3.9% of 180 Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. 180 Wealth Advisors LLC’s holdings in NVIDIA were worth $34,100,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NVDA. Brighton Jones LLC grew its holdings in shares of NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after purchasing an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after buying an additional 22,929 shares during the period. Highview Capital Management LLC DE raised its holdings in NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after buying an additional 3,653 shares during the period. Hudson Value Partners LLC lifted its position in NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after buying an additional 11,900 shares in the last quarter. Finally, Wealth Group Ltd. lifted its position in NVIDIA by 15.7% during the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after buying an additional 896 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA News Summary Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: NVIDIA and the Naval Postgraduate School said NVIDIA donated a supercomputer using its latest chips to a nonprofit tied to the institution, highlighting expanding adoption of its AI hardware in U.S. defense and research. Reuters: Nvidia donates supercomputer to U.S. military university Positive Sentiment: Bank of America said NVIDIA’s Vera CPU launch is intensifying the AI server CPU battle and kept a Buy rating with a $350 target, suggesting the company could expand beyond GPUs into a larger share of AI infrastructure spending. Yahoo Finance: BofA sees server CPU TAM hitting $170bn by 2030 as NVIDIA takes on AMD Positive Sentiment: Several articles highlighted NVIDIA as a beneficiary of the broader AI capex cycle, with bullish takes pointing to cheaper AI models, sovereign AI demand, and continued chip spending that could support long-term growth. Zacks: Can NVIDIA’s Sovereign AI Push Unlock New Revenue Streams Now? Positive Sentiment: NVIDIA also gained support from market momentum and technical traders, with reports that the stock cleared an early buy trigger ahead of Alphabet earnings and that the semiconductor rebound is being treated as a positioning reset, not a collapse in demand. Investor’s Business Daily: Nvidia Hits Buy Trigger With Alphabet Earnings Due Insider Buying and Selling In other NVIDIA news, Director John Dabiri sold 625 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the transaction, the director directly owned 14,163 shares of the company’s stock, valued at $3,030,882. This trade represents a 4.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares of the company’s stock, valued at $25,053,803.55. The trade was a 11.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,901,125 shares of company stock worth $410,583,015. Insiders own 3.94% of the company’s stock.

Wall Street Analyst Weigh In NVDA has been the topic of a number of research reports. Sanford C. Bernstein reissued a “buy” rating on shares of NVIDIA in a research note on Monday, June 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $285.00 price target (up from $250.00) on shares of NVIDIA in a report on Wednesday, May 20th. Daiwa Securities Group boosted their price objective on NVIDIA from $215.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. China Renaissance initiated coverage on NVIDIA in a research report on Friday, June 5th. They issued a “buy” rating and a $319.00 target price for the company. Finally, BTIG Research assumed coverage on NVIDIA in a research note on Wednesday, April 15th. They issued a “buy” rating for the company. Three analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $304.26.

Get Our Latest Stock Report on NVDA

NVIDIA Trading Up 2.3% NASDAQ:NVDA opened at $212.06 on Thursday. The stock has a market cap of $5.13 trillion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 0.40 and a beta of 2.21. NVIDIA Corporation has a one year low of $164.07 and a one year high of $236.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The business’s 50-day simple moving average is $208.76 and its 200 day simple moving average is $195.59.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company had revenue of $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. During the same period in the previous year, the business earned $0.81 EPS. NVIDIA’s revenue for the quarter was up 85.2% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 20th that permits the company to buyback $80.00 billion in outstanding shares. This buyback authorization permits the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

NVIDIA Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, June 4th. NVIDIA’s payout ratio is presently 15.31%.

NVIDIA Company Profile (Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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