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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.

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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.

Featured Stories Five stocks we like better than Boeing 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 BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA – Free Report).

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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.

Recommended Stories Five stocks we like better than NVIDIA 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 NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.

Cullinan Associates Inc. cut its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 28.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,425 shares of the computer hardware maker’s stock after selling 23,075 shares during the period. Cullinan Associates Inc.’s holdings in NVIDIA were worth $10,364,000 as of its most recent filing with the Securities & Exchange Commission.

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

NVIDIA Trading Up 2.3% Shares of NASDAQ:NVDA opened at $212.06 on Thursday. NVIDIA Corporation has a 12-month low of $164.07 and a 12-month high of $236.54. The company has a market capitalization of $5.13 trillion, a PE ratio of 32.47, a PEG ratio of 0.40 and a beta of 2.21. The business has a 50 day moving average of $208.76 and a two-hundred day moving average of $195.59. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04.

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

NVIDIA declared that its Board of Directors has initiated a share repurchase program on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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

Insider Activity at NVIDIA In other NVIDIA news, Director John Dabiri sold 625 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total value of $133,750.00. Following the completion of the transaction, the director owned 14,163 shares in the company, valued at approximately $3,030,882. This represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the 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 sale, the director directly owned 116,135 shares in the company, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,901,125 shares of company stock worth $410,583,015. 3.94% of the stock is owned by company insiders.

Key NVIDIA News 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 Wall Street Analyst Weigh In A number of equities research analysts recently commented on NVDA shares. Itau BBA Securities decreased their target price on NVIDIA from $256.00 to $218.00 in a report on Wednesday, June 24th. Argus raised their price target on shares of NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. BTIG Research assumed coverage on shares of NVIDIA in a research note on Wednesday, April 15th. They set a “buy” rating for the company. BNP Paribas Exane increased their price objective on shares of NVIDIA from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of NVIDIA in a report on Monday, June 29th. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $304.26.

Get Our Latest Analysis on NVIDIA

About NVIDIA (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.

Recommended Stories Five stocks we like better than NVIDIA 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 NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.

Ferguson Wellman Capital Management Inc. trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 0.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,875,623 shares of the computer hardware maker’s stock after selling 9,709 shares during the quarter. NVIDIA comprises 4.5% of Ferguson Wellman Capital Management Inc.’s portfolio, making the stock its 5th biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in NVIDIA were worth $327,109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its position in NVIDIA by 1.2% during the 4th quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker’s stock worth $184,911,111,000 after acquiring an additional 11,451,386 shares during the last quarter. Geode Capital Management LLC grew its position in shares of NVIDIA by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker’s stock valued at $109,446,217,000 after purchasing an additional 3,383,441 shares during the last quarter. Norges Bank acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $62,244,133,000. Bank of America Corp DE increased its stake in shares of NVIDIA by 1.5% in the fourth quarter. Bank of America Corp DE now owns 187,181,484 shares of the computer hardware maker’s stock worth $34,909,347,000 after purchasing an additional 2,849,678 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of NVIDIA by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock worth $33,808,862,000 after purchasing an additional 2,609,560 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades Several analysts recently weighed in on the company. Melius Research set a $400.00 target price on NVIDIA in a research note on Thursday, May 21st. UBS Group lifted their price target on NVIDIA from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Rothschild & Co Redburn increased their price objective on NVIDIA from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. KeyCorp reissued an “overweight” rating and issued a $330.00 price objective (up from $310.00) on shares of NVIDIA in a research report on Tuesday, July 14th. Finally, Morgan Stanley set a $288.00 target price on shares of NVIDIA and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, NVIDIA has an average rating of “Buy” and an average price target of $304.26.

Read Our Latest Report on NVDA

Key Stories Impacting NVIDIA 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 news, Director Stephen C. Neal sold 15,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the sale, the director directly owned 116,135 shares in the company, valued at approximately $25,053,803.55. This represents a 11.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 885,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the transaction, the director directly owned 5,207,271 shares of the company’s stock, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,901,125 shares of company stock valued at $410,583,015 over the last quarter. Corporate insiders own 3.94% of the company’s stock.

NVIDIA Stock Performance NVDA opened at $212.06 on Thursday. The stock’s 50 day simple moving average is $208.76 and its 200-day simple moving average is $195.59. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. The stock has a market cap of $5.13 trillion, a PE ratio of 32.47, a P/E/G ratio of 0.40 and a beta of 2.21. NVIDIA Corporation has a 1 year low of $164.07 and a 1 year high of $236.54.

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

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

NVIDIA declared that its board has initiated a stock repurchase program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in shares. This buyback authorization authorizes the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

About NVIDIA (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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The artificial intelligence boom has created a new class of technology companies that are skipping traditional growth milestones and moving straight into trillion-dollar conversations. Nvidia (NASDAQ:NVDA | NVDA Price Prediction) became the first major AI winner, reaching a market value of $5 trillion as demand for its chips exploded. Now the next phase of the AI race is moving from infrastructure providers to the companies building the models and software that power the technology.

That shift has placed Claude AI creator Anthropic directly in the spotlight. The company appears to be moving closer to an initial public offering that could rank among the largest technology listings ever. But while the numbers are eye-catching, investors should remember that the biggest opportunities often come with the biggest expectations.

Anthropic’s Valuation Has Exploded Before Going Public Anthropic quietly filed a confidential S-1 registration statement with the Securities and Exchange Commission on June 1, marking the first formal step toward becoming a publicly traded company. A confidential filing does not guarantee an IPO, but it signals that management is preparing the financial disclosures and regulatory groundwork needed for a listing.

The enthusiasm surrounding Anthropic comes from the rapid adoption of its Claude family of AI models and its push into agentic AI tools — software capable of completing tasks with less human direction.

That growth helped drive Anthropic’s most recent private funding round, which valued the company at approximately $965 billion. For comparison, that puts Anthropic’s private valuation near the market capitalization of some of the world’s largest companies.

Private-market trading has pushed those expectations even higher. Secondary-market transactions involving Anthropic shares have reportedly implied a valuation near $1.2 trillion, suggesting some investors already expect the company to enter public markets as a trillion-dollar business.

The numbers show how quickly investors have priced in years of future AI growth.

The race for the 'AI brain' just hit a $1.2 trillion fever pitch—but recent market tremors suggest this massive IPO isn't a guaranteed win. © 24/7 Wall St. Anthropic And OpenAI Could Create A Historic AI IPO Moment Anthropic is not alone in preparing for Wall Street. OpenAI has also reportedly begun moving toward an IPO, setting up what could become a defining moment for the artificial intelligence industry. If both companies entered public markets near current private valuations, their combined value could approach roughly $1.8 trillion.

That would create a rare situation where two companies built almost entirely around AI software could instantly rank among the largest public companies in the world. Ahead of the SpaceX (NASDAQ:SPCX) IPO last month, prediction markets on Polymarket suggested traders believed Anthropic alone could potentially reach a valuation as high as $1.8 trillion.

The appetite for AI exposure is clear. The question is whether public-market investors will pay private-market prices.

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Market Volatility Could Still Change The Timeline The path to an Anthropic IPO has not been without obstacles. A selloff in memory chip stocks last month raised questions about whether enthusiasm for AI spending was beginning to cool. Companies tied to the AI infrastructure boom, including memory suppliers, saw valuations pressured as investors questioned whether massive AI investments could generate returns quickly enough. 

That uncertainty sparked speculation that Anthropic could delay or reconsider its IPO plans.

However, Bloomberg recently reported that Anthropic appears to remain on track for a potential October listing, with executives beginning investor meetings ahead of the expected offering. That timing matters because recent IPO performance suggests investors may want to avoid rushing into the first day of trading.

Following their listings, both SpaceX and SK hynix (NASDAQ:SKHY) tumbled hard as early enthusiasm faded. It indicates that even popular AI-adjacent companies can face selling pressure once public investors begin valuing them against real-world financial expectations.

The lesson for investors is simple: a great company does not always mean a great IPO price.

Key Takeaway Anthropic’s IPO appears to be moving forward, and a trillion-dollar valuation is no longer just speculation. Claude’s adoption, agentic AI growth, and private-market pricing all point to enormous investor demand.

That said, investors should remember what happened after recent high-profile IPOs. Buying into a company like Anthropic at the opening price could mean paying for years of future success today.

In short, Anthropic may become one of the most important AI companies in the world. But smart investors may want to watch the first few quarters of public results before jumping in. The AI opportunity is real — but valuation still matters.

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Contact [email protected] for any questions or corrections.

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The U.S. House of Representatives voted 232-198 on July 22, 2026 to pass the Stop Insider Trading Act, barring members of Congress, their spouses, and dependent children from buying individual publicly traded stocks. The vote arrived in the final months of Nancy Pelosi’s congressional career, capping a tenure in which her family’s brokerage account became the country’s most-tracked political portfolio and the case study driving the very reform she long resisted.

The bill, introduced in January 2026 by Rep. Bryan Steil (R-WI), prohibits members and immediate family from purchasing individual equities and requires public disclosure of any intended sale at least seven days in advance. Nearly all Republicans, joined by at least 13 Democrats, supported passage.

The measure now heads to the Senate, where it has no companion vote scheduled. A parallel bill, the PELOSI Act, led by Sen. Josh Hawley, has cleared committee but has not received a full Senate vote. Similar proposals have repeatedly stalled since the STOCK Act of 2012 required only after-the-fact disclosure.

Pelosi’s Reversal Pelosi, who spent years arguing that lawmakers and their families should retain the right to participate in the stock market, publicly endorsed the ban ahead of the vote, a notable reversal for a Speaker Emerita whose earlier resistance drew sustained criticism from members of both parties.

The trades that fueled that criticism came from her husband. Paul Pelosi, a venture capitalist manages the family’s brokerage activity, and his well-timed purchases of technology names, including options positions in NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) and other megacaps, have been closely mirrored by retail traders through copycat exchange-traded funds and social media accounts.

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The Numbers Behind the Symbol Public trackers put the Pelosi family stock portfolio at roughly $30.6 million, with total family net worth estimated at $278 million to $280 million once real estate and other holdings are included, according to Quiver Quant and similar services. Those figures should be read separately: the equity portfolio is one slice of the balance sheet, and the broader net worth reflects decades of accumulated assets rather than trading returns alone.

Separately reported performance figures have driven the political narrative. Yahoo Finance and other outlets have cited a cumulative return of 16,930% tied to the family’s disclosed positions. Trackers reported the portfolio gained 70.9% in 2024, versus 24.9% for the S&P 500. For context, the SPDR S&P 500 ETF (NYSEARCA:SPY) returned 24% over calendar year 2024.

A Career Winding Down Pelosi announced her retirement in November 2025. Her current term, representing California’s 11th district, is her last and ends January 3, 2027. If the Senate acts on the House bill or on Hawley’s PELOSI Act before then, the trading restrictions would take effect in the same window she leaves office, an alignment that has given the legislation much of its symbolic weight.

The signal to watch is Senate Majority Leader scheduling. Hawley’s measure sits with committee approval in hand; the House bill arrives with bipartisan cover. Whether either reaches the floor before the 119th Congress adjourns will determine if the reform outlasts the lawmaker whose family portfolio, more than any other, made the case for it.

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Contact [email protected] for any questions or corrections.

A White House official has accused Chinese AI company Moonshot of accessing Nvidia's advanced chips, despite export controls banning them from doing so.

Moonshot unveiled Kimi K3 on Friday. It closes the performance gap with frontier models including Anthropic's Fable 5 and OpenAI's GPT 5.6 Sol, even surpassing them on some benchmarks. It's the largest open source model so far, with 2.8 trillion parameters, referring to the size of its neural network.

The Chinese company "acquired GB300-equipped servers and has accessed GB300s in Thailand, likely to train its AI models," Michael Kratsios, director of the White House Office of Science and Technology Policy, said in a post on X on Wednesday.

Nvidia, Moonshot AI, the White House and the U.K. embassy of the People's Republic of China have been approached for comment.

Nvidia's most advanced AI chips are under export restrictions to China, though some less capable semiconductors are allowed to be shipped to the country. Nvidia's GB300 chips are one generation behind its frontier Vera Rubin systems and are still considered cutting edge.

The U.S.-China AI arms raceThe release came as the race for AI supremacy between the U.S. and China intensifies. Alongside limiting access to crucial AI hardware, lawmakers in America are also considering how to curb the growing adoption of Chinese AI models by Western companies.

ByteDance was reportedly assembling computing power outside of China as it looked to boost AI efforts, according to a Wall Street Journal report in March. ByteDance has been approached for comment.

The U.S. is looking to close export control loopholes that allow advanced AI chips to be accessed by Chinese companies.

The Remote Access Security Act (RASA), a proposed bipartisan legislation, seeks to expand U.S. export controls to include the remote cloud-based access of critical hardware and software. It passed the House of Representatives in January and is awaiting action in the Senate.

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"It is well known that China is using American compute both within the country and abroad," said Keegan McBride, director of science and technology at think tank the Tony Blair Institute for Global Change.

"It demonstrates just how far ahead the US is on compute," he added. "American compute is the foundation for the AI race today."

While the U.S. reportedly cleared 10 Chinese firms to buy Nvidia's H200 chips in May, earlier this month a top U.S. trade official said "very few" had been shipped to China and Hong Kong. With access to the leading AI chips severely limited, Chinese tech companies have increasingly sought homegrown alternatives.

White House official Kratsios also said "we have information that Moonshot AI distilled Anthropic's Fable for the development of its K3 model," echoing Anthropic's claims earlier this year of "industrial-scale" campaigns to extract information from its model.

Through distillation, smaller AI models can mimic the performance of larger, pre-trained models by extracting knowledge from the better-trained model.

A spokesperson for the U.K. embassy of the People's Republic of China previously told CNBC that the country "opposes baseless allegations and malicious smears against its AI development."

Treasury Secretary Scott Bessent threatened sanctions on Chinese companies that commit distillation attacks on Wednesday.

"When PRC firms conduct covert, industrial-scale distillation attacks that cross the line into IP theft, sanctions and Entity List designations will be on the table," he said in a post on X.

FORT WORTH, Texas, July 23, 2026 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (NASDAQ: AAL) today reported its second-quarter 2026 financial results, including record quarterly revenue, driven by strong demand for American's product and solid commercial execution. Second-quarter highlights: Record revenue ​of $16.7 billion, up 16.3% year ​over ​year, the highest quarterly revenue ​in ​company ​history, ​driven ​by ​strong ​performance ​across American's four commercial pillars.

Posted by Defense World Staff on Jul 23rd, 2026

ABN Amro Investment Solutions boosted its holdings in shares of AT&T Inc. (NYSE:T – Free Report) by 9.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 387,796 shares of the technology company’s stock after buying an additional 32,096 shares during the quarter. ABN Amro Investment Solutions’ holdings in AT&T were worth $11,242,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of T. IFM Investors Pty Ltd lifted its stake in shares of AT&T by 5.3% in the first quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock valued at $43,142,000 after buying an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new stake in AT&T during the first quarter worth about $2,901,000. World Investment Advisors increased its stake in AT&T by 85.0% during the fourth quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock valued at $8,419,000 after acquiring an additional 155,728 shares during the period. Annex Advisory Services LLC increased its stake in AT&T by 749.1% during the fourth quarter. Annex Advisory Services LLC now owns 159,598 shares of the technology company’s stock valued at $3,964,000 after acquiring an additional 140,802 shares during the period. Finally, Cerity Partners LLC raised its holdings in AT&T by 3.7% in the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after acquiring an additional 59,279 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Key Stories Impacting AT&T Here are the key news stories impacting AT&T this week:

Positive Sentiment: AT&T beat Q2 adjusted EPS expectations at $0.65 versus roughly $0.59 expected, helping reinforce the company’s earnings momentum. AT&T Delivers Strong Second-Quarter Results as Investment-Led Strategy Gains Momentum Positive Sentiment: The company added more than 1 million advanced connectivity customers, including strong postpaid phone and broadband growth, which suggests its wireless and fiber strategy is gaining traction. AT&T tops targets for wireless subscriber additions as bundle offers gain traction Positive Sentiment: Free cash flow improved and AT&T reiterated its full-year 2026 guidance while signaling faster buybacks, which is supportive of shareholder returns and valuation. AT&T’s stock rises after earnings. Here’s why investors are cheering. Neutral Sentiment: Revenue came in slightly below estimates, so the report was not a clean beat across all metrics even though profits and subscriptions were strong. AT&T (NYSE:T) Reports Sales Below Analyst Estimates In Q2 CY2026 Earnings Neutral Sentiment: Investor attention remains focused on competition from satellite players like SpaceX/Starlink, but management pushed back on those fears, suggesting the threat may be overstated for now. Why AT&T Stock Rallied Today Analyst Ratings Changes T has been the subject of a number of research reports. Oppenheimer downgraded AT&T from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 3rd. Barclays reduced their target price on AT&T from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. The Goldman Sachs Group set a $30.00 price target on shares of AT&T in a research report on Wednesday. Morgan Stanley lowered their price objective on AT&T from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada reduced their target price on shares of AT&T from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average price target of $29.19.

View Our Latest Research Report on T

AT&T Stock Up 3.5% NYSE T opened at $23.04 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.92. AT&T Inc. has a 52 week low of $19.89 and a 52 week high of $29.79. The stock has a market capitalization of $160.06 billion, a P/E ratio of 7.73, a price-to-earnings-growth ratio of 0.88 and a beta of 0.24. The stock has a fifty day moving average of $22.83 and a 200-day moving average of $25.25.

AT&T (NYSE:T – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. AT&T had a net margin of 16.94% and a return on equity of 12.49%. The company had revenue of $31.56 billion for the quarter, compared to analyst estimates of $31.80 billion. During the same quarter last year, the firm earned $0.54 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. AT&T has set its FY 2026 guidance at 2.250-2.350 EPS. On average, equities research analysts forecast that AT&T Inc. will post 2.32 EPS for the current year.

AT&T Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, July 10th. AT&T’s payout ratio is presently 37.25%.

About AT&T (Free Report)

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.

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By PYMNTS  |  July 23, 2026

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Creator-focused embedded banking platform Manifest Finance launched a debit card in partnership with Mastercard.

“As the creator economy evolves, millions of creators are operating as full-scale businesses, managing multiple revenue streams, selling products and services, and engaging global audiences,” according to a Thursday (July 23) news release provided to PYMNTS.

However, many of these creators “lack financial tools built for how they actually work,” the release said.

The Manifest Business Debit Mastercard is designed to address this issue “by aligning payments, banking and financial management into an integrated experience” for creator-led businesses, according to the release.

The new card’s offerings include Mastercard’s global business loyalty program, fraud monitoring and identity theft protection services, and access to dining, travel and entertainment events on the Mastercard Priceless platform, the release said.

The platform also allows for faster payouts, embedded payment acceptance, seamless cross-border transactions, and tools for overseeing invoicing, expenses, taxes and multiple income streams, according to the release.

“Creators are building some of today’s most dynamic small businesses,” Ginger Siegel, North America small and medium business lead at Mastercard, said in the release. “They’re managing customers, cash flow, taxes, global audiences and multiple income streams often without tools designed for how they work. Together with Manifest, we’re helping creators access the trusted payments, security and infrastructure they need to grow sustainable businesses in the digital economy.”

The release of the new Manifest and Mastercard debit card follows Visa’s April launch of a creator-focused card, developed in partnership with TikTok.

Meanwhile, the PYMNTS Intelligence report “Ready for Change: Why Nearly Half of SMBs Want to Ditch Cash and Checks” found that small business owners are seeking digital tools to help them control money movement, track spending and deal with payment-related mishaps.

According to the report, 46% of small- to medium-sized businesses (SMBs) said they would pay to access digital tools.

Meanwhile, 45.8% of these businesses said they would pay for the ability to adjust payment windows based on when their business had the money available, while 63.1% of SMBs said credit cards are the best payment method for disputing a transaction and getting money back.