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Hsbc Holdings PLC lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 45.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 628,625 shares of the industrial products company’s stock after purchasing an additional 197,653 shares during the quarter. Hsbc Holdings PLC owned approximately 0.25% of Tetra Tech worth $17,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Tetra Tech in the fourth quarter worth $115,162,000. Energy Income Partners LLC bought a new position in shares of Tetra Tech during the 2nd quarter worth about $68,512,000. AQR Capital Management LLC lifted its holdings in shares of Tetra Tech by 351.6% during the 4th quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock worth $96,440,000 after acquiring an additional 2,238,721 shares during the period. Bank of America Corp DE acquired a new stake in shares of Tetra Tech during the 2nd quarter valued at about $57,135,000. Finally, Capital International Investors increased its stake in Tetra Tech by 27.4% in the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock valued at $302,416,000 after acquiring an additional 1,936,902 shares during the period. 93.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets Several research analysts recently issued reports on TTEK shares. National Bank Financial dropped their price target on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Royal Bank Of Canada dropped their target price on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Finally, Robert W. Baird set a $37.00 price target on Tetra Tech in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.25.

Check Out Our Latest Stock Report on TTEK Tetra Tech Trading Down 0.8% Shares of NASDAQ TTEK opened at $35.64 on Wednesday. Tetra Tech, Inc. has a 1-year low of $25.81 and a 1-year high of $43.14. The company has a 50-day moving average of $33.79 and a two-hundred day moving average of $31.64. The company has a market cap of $9.13 billion, a PE ratio of 21.47 and a beta of 0.90. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43.

Tetra Tech (NASDAQ:TTEK – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. Tetra Tech’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. As a group, equities analysts expect that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a $0.072 dividend. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, August 13th. Tetra Tech’s dividend payout ratio (DPR) is 17.47%.

About Tetra Tech (Free Report)

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.

Featured Stories Five stocks we like better than Tetra Tech Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For Want to see what other hedge funds are holding TTEK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tetra Tech, Inc. (NASDAQ:TTEK – Free Report).

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Key Takeaways Teradyne's Semiconductor Test sales jumped 128% year over year to $1.12B in Q2 2026. New UltraFLEXplus tools target AI and data-center digital, PCIe Gen6 and high-power test needs. Teradyne expects Q3 revenues of $1.20-$1.30B as AI demand supports UltraFLEXplus adoption. Teradyne (TER - Free Report) is benefiting from accelerating artificial intelligence (AI)-driven semiconductor test demand, particularly across high-performance compute, networking, and advanced memory applications, positioning the company as a formidable player against KLA (KLAC - Free Report) and Cohu (COHU - Free Report) . The company’s growing demand for its UltraFLEXplus system, which is designed to address the complex testing requirements of high-performance processors and networking devices, has been noteworthy. UltraFLEXplus enables customers to reduce test development time, driving higher-efficiency volume production.

Building on this momentum, Teradyne recently launched three new instruments for its UltraFLEXplus semiconductor test platform to address growing AI and data-center computing requirements. The UltraPin5000-EM offers expanded vector memory and faster pattern loading for complex AI devices, while UltraPort-PCIe6 supports PCIe Gen6 testing at 64 Gbps across 32 lanes. The UltraVS64-HP delivers up to 1,280 amps per instrument to test increasingly power-intensive compute devices. Together, the products expand UltraFLEXplus capabilities across advanced digital, high-speed interface and power testing, supporting semiconductor manufacturers from wafer probe through final device validation.

The UltraFLEXplus system has proven to be a key driver in boosting the Semiconductor Test business. In the second quarter of 2026, Teradyne delivered a remarkable 128% year-over-year growth in its Semiconductor Test business, contributing $1.12 billion out of the company’s total $1.3 billion in sales. This segment alone accounted for 84% of total sales.

The growing demand for AI-driven applications, particularly in data centers, is expected to continue driving the adoption of UltraFLEXplus. The strong demand for UltraFLEXplus is likely to support top-line growth, strengthening Teradyne’s competitive position against KLA and Cohu in the semiconductor test market. For the third quarter of 2026, Teradyne expects revenues in the range of $1.20-$1.30 billion.

How Competitors Fare Against TERTeradyne is facing stiff competition from companies such as KLA and Cohu. Both companies are expanding their footprint in the AI space.

KLA is benefiting from the growing demand for AI through its leadership in process control and its ability to address growth markets in wafer fab equipment, including high-bandwidth memory and advanced packaging.

In May 2026, Cohu received approximately $5 million in multiple orders for its Diamond X platform from a leading semiconductor manufacturer. The systems will support testing of next-generation GaN power devices for AI data centers, strengthening Cohu’s position in AI infrastructure and high-efficiency power semiconductor testing.

TER’s Share Price Performance, Valuation and EstimatesTeradyne shares have surged 84.4% in the year-to-date period, outperforming the Zacks Computer & Technology sector’s growth of 18.2% and the Zacks Electronics - Miscellaneous Products increase of 37.5%.

TER Stock Performance
Image Source: Zacks Investment Research

TER stock is trading at a premium with a forward 12-month Price/Sales of 9.75X compared with the Computer & Technology sector’s 6.11X. TER has a Value Score of F.

TER's Valuation
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for fiscal 2026 earnings is pegged at $9.10 per share, which has been unchanged over the past 30 days. This suggests 129.80% year-over-year growth.

Teradyne currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

NEW YORK, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Planet Fitness, Inc. (“Planet Fitness” or the “Company”) (NYSE: PLNT).   Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

The class action concerns whether Planet Fitness and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

You have until September 14, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Planet Fitness securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.  

[Click here for information about joining the class action]

On May 7, 2026, Planet Fitness reported its first quarter 2026 financial results and updated its full-year outlook.  Among other items, Planet Fitness disclosed that “2026 is off to a slower than expected start from a net member growth perspective” as the Company faced “internal and external headwinds during our peak sign-up period.”  The Company further disclosed that it was pausing its planned national Black Card price increase pending a broader pricing review.  In addition, Planet Fitness stated that, based on “lower net joins than planned in the first quarter” and the decision to pause the Black Card price increase, it was reducing several of its 2026 growth expectations.  The Company lowered expected system-wide same club sales growth to approximately 1%, compared to its prior guidance of 4% to 5%; revenue growth to approximately 7%, compared to prior guidance of approximately 9%; adjusted EBITDA growth to approximately 6%, compared to prior guidance of approximately 10%; adjusted net income to a decrease of approximately 2%, compared to prior guidance of 4% to 5% growth; and adjusted diluted EPS growth to approximately 4%, compared to prior guidance of 9% to 10%. 

On this news, Planet Fitness’s stock price fell $19.95 per share, or 31.19%, to close at $44.01 per share on May 7, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising.  Prior results do not guarantee similar outcomes.   

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

Why Twilio Is Rallying While the Rest of SaaS Struggles Twilio NYSE: TWLO executives outlined the company’s strategy to expand beyond communications connectivity into tools designed to provide context, orchestration and intelligence for interactions involving customers, human agents and artificial intelligence systems.

Speaking at a Goldman Sachs event, Twilio said its core business remains connecting customers with end users through communications channels. However, the company sees its newer conversation-focused products as an important part of its future, particularly as businesses deploy AI agents alongside human support teams.

Get Twilio alerts:

3 AI and Cloud Stocks With Analyst Conviction and Long RunwaysChief Product and Technology Officer Inbal Shani described Twilio’s platform as consisting of three layers: communications channels, contextual data and AI agents operating across those channels. The goal, she said, is to use real-time context to make AI agents “more effective, more productive, more accurate.”

Conversation products and developer flexibility Twilio recently launched products including Conversation Memory, Conversation Orchestrator and Conversation Intelligence. Shani said the company is seeking to preserve its developer-first approach while also making it easier for a broader set of users to build customized solutions.

Twilio, Braze: The Top 2 CEP Platforms to Own in 2025“The concept of developer is changing,” Shani said, noting that declining development costs are enabling more enterprises, independent software vendors and AI-native companies to create tailored applications.

Conversation Memory is intended to help preserve context across customer interactions. Shani said Twilio is distinguishing between information needed to improve a real-time conversation and longer-term data held in systems such as customer relationship management platforms and data warehouses. Rather than asking customers to duplicate their existing data, Twilio is building connectors to those systems and retaining information most relevant to the interaction.

Beta customers helped shape product priorities, according to Shani. One key request was a “warm handoff” between an AI agent and a human agent, as well as the ability to detect when an interaction should be escalated. While Twilio initially emphasized customer-support applications, some beta users also adopted the products for sales uses, such as identifying leads outside business hours and transferring them to sales staff later.

Voice AI opportunity remains early Twilio said voice AI remains in the early stages of adoption, with challenges involving latency, quality, turn detection, background noise, network variability and model accuracy still being addressed across the industry.

Shani said accuracy is the primary barrier to deploying voice AI agents at scale, and that infrastructure is especially important for managing latency, voice quality and proper turn detection. She also identified trust and regulation as significant adoption considerations, including identity verification, monitoring, data storage, supervision mechanisms and evolving compliance requirements.

Twilio’s ConversationRelay product already allows customers to select and bring their own speech-to-text, text-to-speech and large language models, Shani said. The company intends to remain a neutral platform rather than favoring a single model provider or AI agent architecture.

“We do not think there is going to be only one,” Shani said, referring to AI models and agents. She said customers are likely to use multiple models and agents for different workloads and use cases.

Twilio expects customer conversations to increasingly span multiple channels, potentially beginning with voice and moving to messaging or email. Shani said the company’s orchestration capabilities are designed to support those multichannel interactions over a customer’s lifetime, from marketing to sales, support and subsequent engagement.

Growth, margins and messaging A Twilio executive said the company’s organic revenue outperformance of more than 5% in each of the past two quarters was broad-based across products, sales channels and customer industries. Messaging, which represents about 60% of revenue, grew about 18% in the first half of the year and was a significant contributor to the upside.

The executive cautioned that Twilio does not view revenue beats above 5% as a new normal, noting that the company’s usage-based model can create variability. Over the previous several years, the company has generally exceeded its revenue guidance by approximately 2% to 4%, the executive said.

Voice revenue grew more than 20% in the second quarter, according to the company. Twilio said roughly half of the year-over-year dollar growth in voice came from connectivity volume and half came from software add-ons, such as conferencing, Media Streams and Answering Machine Detection.

Twilio also said gross profit growth has benefited from favorable product mix, including higher-margin voice, software add-ons and self-service products. The company is pursuing cost reductions through more direct carrier connections, hosting-cost initiatives and migration of certain products from on-premises environments to the cloud.

Regarding higher U.S. carrier fees, Twilio said it has not yet seen a meaningful change in messaging demand. The company said customers have expressed dissatisfaction with the increased costs, but Twilio continues to offer alternatives including WhatsApp, email and other over-the-top channels.

Self-service platform and investment discipline Twilio launched its updated Console in May at its Signal conference, consolidating access to its products in one place and using AI to help customers complete setup, registration and campaign workflows. The company said conversion rates on the new platform are up about 90% compared with its prior platform, though executives emphasized that the launch is still in its early months.

Shani said Twilio has adopted a more structured annual planning process for research and development, weighing investments across core infrastructure, product improvements, innovation and earlier-stage experiments. The company said it is prioritizing headcount and infrastructure spending based on expected return on investment, including work to address technical debt where demand signals indicate opportunities such as voice AI.

Twilio also said it is using AI internally in areas including its self-service platform, global operations, customer support and engineering tools, while maintaining what executives described as financial and operating discipline.

About Twilio (NYSE:TWLO)Twilio Inc NYSE: TWLO is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio's platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company's product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Hsbc Holdings PLC boosted its position in MKS Inc. (NASDAQ:MKSI – Free Report) by 2,274.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,935 shares of the scientific and technical instruments company’s stock after buying an additional 54,537 shares during the quarter. Hsbc Holdings PLC owned 0.08% of MKS worth $24,984,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MKSI. Keating Financial Advisory Services Inc. acquired a new stake in MKS in the second quarter valued at $25,000. Allied Private Wealth LLC acquired a new stake in shares of MKS in the 2nd quarter valued at about $33,000. Clearstead Trust LLC acquired a new stake in shares of MKS in the 2nd quarter valued at about $36,000. Ancora Advisors LLC bought a new position in shares of MKS during the second quarter worth about $36,000. Finally, Carolina Wealth Advisors LLC grew its stake in MKS by 47.5% in the second quarter. Carolina Wealth Advisors LLC now owns 87 shares of the scientific and technical instruments company’s stock worth $39,000 after purchasing an additional 28 shares in the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

MKS Price Performance Shares of NASDAQ MKSI opened at $265.50 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.14 and a quick ratio of 0.72. The firm has a market capitalization of $17.95 billion, a PE ratio of 42.34, a P/E/G ratio of 0.55 and a beta of 1.98. MKS Inc. has a 1-year low of $107.02 and a 1-year high of $447.62. The business’s fifty day moving average price is $308.96 and its two-hundred day moving average price is $295.81.

MKS (NASDAQ:MKSI – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $3.30 EPS for the quarter, topping the consensus estimate of $2.91 by $0.39. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. MKS had a net margin of 10.15% and a return on equity of 24.72%. The company’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 earnings per share. MKS has set its Q3 2026 guidance at 3.270-3.890 EPS. On average, research analysts expect that MKS Inc. will post 13.07 EPS for the current year. MKS Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 25th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, August 25th. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. MKS’s payout ratio is currently 15.95%.

Wall Street Analyst Weigh In A number of research analysts have commented on MKSI shares. KeyCorp increased their target price on MKS from $360.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Morgan Stanley raised their price objective on MKS from $374.00 to $442.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $600.00 target price on shares of MKS in a research note on Monday, August 3rd. Wells Fargo & Company raised their price target on shares of MKS from $300.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of MKS from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $382.86.

View Our Latest Analysis on MKS

Insider Buying and Selling at MKS In related news, CEO John Tseng-Chung Lee sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $302.01, for a total transaction of $3,020,100.00. Following the sale, the chief executive officer owned 134,776 shares of the company’s stock, valued at $40,703,699.76. The trade was a 6.91% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, EVP John Williams sold 457 shares of MKS stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $288.31, for a total value of $131,757.67. Following the transaction, the executive vice president owned 4,098 shares in the company, valued at approximately $1,181,494.38. This trade represents a 10.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,757 shares of company stock valued at $3,227,146 in the last quarter. Corporate insiders own 0.57% of the company’s stock.

MKS Profile (Free Report)

MKS Instruments, Inc (NASDAQ: MKSI) designs, manufactures and markets technology solutions that enable advanced processes in a variety of high‐technology and industrial markets. The company’s core offerings include vacuum and gas delivery systems, pressure and flow measurement instruments, optical metrology tools, photonics subsystems and critical components for manufacturing processes. These products support the precise control and monitoring needs of semiconductor, industrial manufacturing, life and health sciences, and research applications.

The company’s product portfolio features mass flow controllers, pressure transducers, vacuum gauges, gas purity monitors, laser-based metrology systems and photonic devices such as lasers and detectors.

Featured Articles Five stocks we like better than MKS Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For

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When a mid-sized regional bank realizes its manual, spreadsheet-driven lending process can no longer keep up with modern digital competitors, it looks for a platform that can handle the entire loan lifecycle. nCino (NCNO -4.24%) fills that gap with a multi-tenant cloud-based operating system that automates everything from client onboarding to regulatory compliance. The stock trades at $22.14 on Sept. 8, down 28% over the past year as investors have grappled with slowing revenue growth and a challenging mortgage market.

Our proprietary Hidden Gems scoring system assigns nCino an overall Superscore of 74 out of 100, placing it in the Above Average category. The Superscore is an AI-powered score that evaluates a company's overall strength by combining financial performance, product market position, technological capabilities, leadership quality, and relative valuation. It represents the unification of all our scores into a single score for public companies, with five rating bands: Exceptional (90-100), Strong (75-89), Above Average (60-74), Average (40-59), and Cautious (0-39). This 74 Superscore places the company in the Top ~22% of every company we score, essentially performing ahead of roughly 78 out of every 100 companies we evaluate. This score is one data-driven signal worth investigating, and this article pairs the reasons the score is high with the reasons it is not higher, so you can weigh both sides before doing more work.

Why nCino has a 74 SuperscoreShift to profitability: The company reached a milestone by reporting positive GAAP net income of $5 million in fiscal 2026, proving that its platform can generate sustainable earnings after years of heavy investment.Deep customer integration: With over 2,700 global institutions currently using its platform, the company benefits from high switching costs, making it a mission-critical utility for its financial clients.AI-driven innovation: The company successfully launched proprietary tools such as its Banking Advisor and agentic workflows, enabling banks to automate complex tasks and deepen the value they derive from the core software.Operational discipline: A 2026 restructuring plan that included a 7% workforce reduction successfully streamlined the cost structure and created tangible operating leverage.Strong retention: Customers keep paying year after year, with an ACV net retention rate of 112% in fiscal 2026, meaning the company drives more revenue from its existing base without needing to hunt for new contracts.Why is nCino's Superscore not higher?Decelerating top-line growth: Total revenue grew 10% in fiscal 2026, a significant cooling compared to its 21% five-year revenue CAGR, reflecting market maturity and macroeconomic headwinds in the mortgage sector.High valuation multiples: The stock trades at a trailing P/E of 71.41, a premium that leaves little margin for error if future growth or earnings guidance slips.Competitive market pressure: The company must constantly defend its application layer against specialized, AI-native start-ups that offer cheaper or more agile alternatives for specific lending functions.Dependence on Salesforce: Because fundamental elements of the platform are built on the Salesforce (CRM -3.90%) infrastructure, the company remains subject to the terms and strategic shifts of its primary partner until the agreement expires in 2031.Hidden Gems Database scores at a glanceScoreScore (out of 100)RankSupporting Data PointProduct (1Y)77Top ~25%Successful integration of AI-driven products and agentic workflows.Product (5Y)69Top ~32%Consistent platform expansion and successful acquisitions like SimpleNexus.Financial (1Y)73Top ~24%Transition to GAAP profitability in fiscal 2026.Financial (5Y)65Top ~31%High long-term revenue CAGR of 21% tempered by historical losses.Leaders62Bottom ~37%Standard SaaS pay-for-performance compensation with healthy board oversight.AI75Top ~8%Proprietary dataset provides a moat that newer entrants struggle to replicate.Valuation Risk66Top ~27%Current valuation reflects high expectations, with a trailing P/E of 71.41.Is nCino right for your portfolio?This stock warrants a closer look if...

You are seeking exposure to the best small-cap tech stocks that have successfully transitioned from a burn-heavy growth model to sustainable profitability.You value companies that act as mission-critical infrastructure for the global financial sector, creating durable switching costs.You may want to keep researching before buying if...

You are concerned about the deceleration in revenue growth as the platform approaches greater market saturation.You find the current trailing P/E of 74 too expensive, given the risks of a volatile mortgage market.The Superscore is a single data-driven signal meant to assist in your research, not a directive; please balance this data against your personal goals and risk tolerance before taking action.

My five-year prediction for nCino stockThis company struggles under lofty interest rates. The sooner the Fed resumes rate cuts, the happier nCino's investors will be. Sales are slowing due to macroeconomic factors.

On that note, I'm impressed by the company's rising bottom line in this market environment. The restructuring made a significant difference, and nCino is drawing real benefits from AI-powered data analytics.

The growth story here isn't about landing more banks; there are only so many, and 2,700 institutions already use the nCino platform. It's about each bank consuming more AI tools. Roughly 230 customers have bought intelligence units, and only a third of them have actually turned the stuff on yet. There's a lot of untapped room for AI-driven sales growth here.

Now, the Salesforce deal expires in 2031, right when this prediction cashes out. I expect a renewal, but that's not the same thing as a signed deal. So Wall Street is pricing nCino's stock for potential disaster, but it's a durable business with serious safeguards against replacement.

The stock is valued at a modest 17.7 times free cash flow today, while earnings are expected to rise at an annual rate of 19% over the next five years. That would be more than enough to double share prices before the Salesforce deal expires, and the valuation ratios could widen. Sounds like a safe bet to me.

The Hidden Gems Superscore reflects The Motley Fool's proprietary AI-driven evaluation of a company across product, financial, leadership, and valuation pillars as of the article date and may change over time. Performance figures are point-in-time. Past performance does not guarantee future results.

Smith+Nephew announces cash tender offer for up to $250 million of its outstanding 2.032% notes due 2030

LONDON, UK / ACCESS Newswire / September 8, 2026 / Smith+Nephew, the global medical technology company (the "Company") (LSE:SN)(NYSE:SNN), announces today an offer to purchase for cash (the "Tender Offer"), upon the terms and subject to the conditions set forth in an offer to purchase dated September 8, 2026 (the "Offer to Purchase"), up to U.S.$250 million aggregate principal amount (the "Maximum Tender Amount") of the Company's 2.032% Senior Notes due 2030 (the "Notes") from each registered holder of the Notes (each a "Holder" and collectively, the "Holders"). Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.

Holders are advised to read carefully the Offer to Purchase for full details of, and information on the procedures for participating in, the Tender Offer. The following table sets forth certain information relating to pricing for the Tender Offer.

Title of Security

CUSIP/ISIN(1)

Aggregate Principal Amount

Outstanding

Reference U.S.

Treasury Security

Fixed Spread

(basis points)

Bloomberg

Reference Page(2)

Maximum

Tender Amount(3)

2.032% Senior

Notes due 2030

(Maturity date: October 14, 2030)

83192P AA6 / US83192PAA66

$900,000,000

4.375% U.S.

Treasury due August 31,

2031

55 bps

FIT1

$250,000,000

(1) No representation is made as to the correctness or accuracy of the CUSIP or ISIN numbers listed in this announcement or printed on the Notes. They are provided solely for convenience.

(2) The Bloomberg Reference Page is provided for convenience only. To the extent any Bloomberg Reference Page changes prior to the Price Determination Date (as defined in the Offer to Purchase), the Dealer Manager (as defined below) referred to below will quote the Reference Treasury Security from the updated Bloomberg Reference Page.

(3)The Company reserves the right to increase or decrease the Maximum Tender Amount by press release no later than the third business day before the Expiration Time (as defined below).

Purpose of the Tender Offer

The purpose of the Tender Offer together with the Concurrent Notes Offering (as defined below) is to proactively manage the Company's debt portfolio and to extend the average maturity profile of the Company's existing debt. Notes that are accepted and purchased in the Tender Offer will be canceled and will no longer remain outstanding obligations of the Company.

New Notes and Financing Condition

The Company announced on September 8, 2026 its intention, subject to market conditions, to issue senior notes due 2036 (the "New Notes") in the concurrent notes offering (the "Concurrent Notes Offering"). Whether the Company will accept for purchase any Notes validly tendered in the Tender Offer is subject to, and conditioned upon, satisfaction or, where applicable, waiver of, the Company receiving aggregate gross proceeds from the Concurrent Notes Offering at or prior to the Expiration Time in an amount that is sufficient to effect the repurchase of the Notes validly tendered and accepted for purchase pursuant to the Tender Offer, on terms satisfactory to the Company in its sole discretion (the "Financing Condition").

Allocation of New Notes

The Company intends, in connection with the allocation of the New Notes in the Concurrent Notes Offering, to consider among other factors whether or not the relevant investor seeking an allocation of the New Notes in the Concurrent Notes Offering has validly tendered or indicated to the Company or BofA Securities (the "Dealer Manager") a firm intention to tender any Notes it holds pursuant to the Tender Offer and, if so, the aggregate principal amount of such Notes tendered or indicated to be tendered by such investor. When determining allocations of the notes in the Concurrent Notes Offering, the Company intends to give some degree of preference to those investors who, prior to such allocation, have validly tendered Notes, or have indicated their firm intention to tender Notes, pursuant to the Tender Offer. However, the Company will consider various factors in making allocation decisions and is not obliged to allocate notes in the Concurrent Notes Offering to an investor who has validly tendered or indicated to the Company or the Dealer Manager a firm intention to tender any Notes it holds pursuant to the Tender Offer and if allocated, the amount may be less than the amount tendered and accepted.

Any potential allocation of New Notes in the Concurrent Notes Offering, while being considered by the Company as set out above, will be made in accordance with customary new issue allocation processes and procedures following the completion of the book building process for the Concurrent Notes Offering and will be made at the sole discretion of the Company. In the event that a holder validly tenders Notes pursuant to the Tender Offer, such Notes will remain subject to such tender and the conditions of the Tender Offer as set out in the Offer to Purchase irrespective of whether that holder receives all, part or none of any allocation of New Notes in the Concurrent Notes Offering for which it has applied.

Holders should note that the pricing and allocation of the New Notes are expected to take place prior to the Expiration Time for the Tender Offer and any holder that wishes to subscribe for New Notes in addition to tendering existing Notes for purchase pursuant to the Tender Offer should therefore provide, as soon as practicable, and prior to the New Notes allocation, to the Dealer Manager any indications that it has tendered or an indication of a firm intention to tender Notes for purchase pursuant to the Tender Offer and the quantum of Notes that it intends to tender. Please refer to the Offer to Purchase for further details.

Tender Offer Consideration and Accrued Interest

The consideration offered for each $1,000 principal amount of Notes subject to the Tender Offer validly tendered and not validly withdrawn at or prior to the Expiration Time and accepted for purchase will be the Tender Offer Consideration, which will be payable on the Settlement Date (as defined below). In no event will the Tender Offer Consideration be paid prior to the Expiration Time. The Tender Offer Consideration for the Notes will be determined at the Price Determination Date, expected to be 4:00 p.m., New York City time, on September 15, 2026, taking into account the maturity date of the Notes and shall be calculated in accordance with standard market practice as further described in the Offer to Purchase.

Holders will also receive accrued and unpaid interest thereon from the last interest payment date up to, but excluding, the date of payment of the Tender Offer Consideration, which is expected to be September 18, 2026.

Maximum Tender Amount and Proration

The aggregate principal amount of Notes purchased will not exceed U.S.$250 million. If the aggregate principal amount of Notes validly tendered and not validly withdrawn exceeds the Maximum Tender Amount, acceptance of the Notes will be subject to proration. The Company reserves the right to increase or decrease the Maximum Tender Amount by press release or other public announcement no later than 9:00 a.m., New York City time, on the third business day before the Expiration Time (unless amended).

If the aggregate principal amount of Notes validly tendered and not validly withdrawn would cause the Maximum Tender Amount to be exceeded, then the Tender Offer will be oversubscribed. In that case, the Notes accepted for purchase on the Settlement Date may be accepted on a prorated basis.

All Notes not accepted as a result of proration will be returned to the tendering Holder. A separate tender instruction must be submitted on behalf of each beneficial owner of the Notes, given the potential proration.

Offer Conditions

The Tender Offer is subject to the satisfaction or waiver of certain conditions described in the Offer to Purchase, including the Financing Condition.

Indicative Timetable

The following table sets out the expected dates and times of the key events relating to the Tender Offer. This is an indicative timetable and is subject to change.

Date

Calendar Date and Time

Launch Date

8-Sep-26

Withdrawal Rights

Tendered Notes may be validly withdrawn at any time (i) prior to the earlier of (x) the Expiration Time and (y) if the Tender Offer is extended, the tenth business day after commencement of the Tender Offer, and (ii) after the 60th business day after the commencement of the Tender Offer if for any reason the Tender Offer has not been consummated within 60 business days after commencement.

Price Determination Date

4:00 p.m., New York City time, on September 15, 2026, unless extended.

Expiration Time

5:00 p.m., New York City time, on September 15, 2026, unless extended or earlier terminated.

Results Announcement Date

As soon as practicable on the day following the Expiration Time, expected to be on September 16, 2026, unless extended by the Company.

Settlement Date

Promptly after the Expiration Time, expected to be September 18, 2026, assuming that the Tender Offer is not extended or earlier terminated.

Holders are advised to read carefully the Offer to Purchase for full details of and information on the procedures for participating in the Tender Offer.

Further Information

Holders may access the Offer to Purchase at https://gbsc-usa.com/smith&nephew/.

Questions and requests for assistance in connection with the Tender Offer may be directed to the Dealer Manager at:

Merrill Lynch International

2 King Edward Street London, EC1A 1HQ United Kingdom
Attn: Liability Management Group Telephone (Europe): +44 20 7996 5420
Telephone (U.S. Toll Free): +1 (888) 292-0070
Telephone (U.S.): +1 (980) 387-3907
Email: [email protected]

Questions and requests for assistance in connection with the tender of Notes including requests for a copy of the Offer to Purchase may be directed to:

Global Bondholder Services Corporation

65 Broadway - Suite 404 New York, New York 10006 Attn: Corporate Actions
Banks and Brokers Call: +1 (212) 430-3774
Toll Free: +1 (855) 654-2015
Email: [email protected]

NOTICE AND DISCLAIMER

From time to time, the Company may purchase additional Notes in the open market, in privately negotiated transactions, through tender offers or otherwise, or may redeem Notes pursuant to the terms of the indenture governing the Notes. Any future purchases or redemptions may be on the same terms or on terms that are more or less favorable to Holders of Notes than the terms of the Tender Offer. Any future purchases or redemptions by the Company will depend on various factors existing at that time. There can be no assurance as to which, if any, of these alternatives (or combinations thereof) the Company may choose to pursue in the future. The effect of any of these actions may directly or indirectly affect the price of any Notes that remain outstanding after the consummation or termination of the Tender Offer.

This announcement must be read in conjunction with the Offer to Purchase. This announcement and the Offer to Purchase contain important information which must be read carefully before any decision is made with respect to the Tender Offer. If any Holder is in any doubt as to the action it should take or is unsure of the impact of the Tender Offer, it is recommended to seek its own financial and legal advice, including as to any tax consequences, from its stockbroker, bank manager, attorney, accountant or other independent financial or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to tender Notes in the Tender Offer (or to validly withdraw any such tender). None of the Company, the Dealer Manager, the Information & Tender Agent and any person who controls, or is a director, officer, employee or agent of such persons, or any affiliate of such persons, makes any recommendation as to whether Holders should participate in the Tender Offer.

OFFER AND DISTRIBUTION RESTRICTIONS

This announcement and the Offer to Purchase do not constitute an offer or an invitation to participate in the Tender Offer in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such offer or invitation or for there to be such participation under applicable laws. The distribution of this announcement and the Offer to Purchase in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Offer to Purchase comes are required by the Company, the Dealer Manager and the Information & Tender Agent to inform themselves about and to observe any such restrictions.

United Kingdom

The Offer to Purchase is only addressed to Holders where they would (if they were clients of the Company) be per se professional clients or per se eligible counterparties of the Company within the meaning of the rules of the Financial Conduct Authority ("FCA"). Neither the Offer to Purchase nor any other related documents or materials are addressed to or directed at any persons who would be retail clients within the meaning of the FCA rules and any such persons should not act or rely on them. Recipients of the Offer to Purchase and any other documents or materials relating to the Tender Offer should note that the Company is acting on its own account in relation to the Tender Offer and will not be responsible to any other person for providing the protections which would be afforded to clients of the Company or for providing advice in relation to the Tender Offer.

This announcement, the Offer to Purchase and any other documents and/or materials relating to the Tender Offer are not being made and this announcement, the Offer to Purchase and such documents and/or materials have not been approved by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000, as amended. Accordingly, this announcement, the Offer to Purchase and such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of this announcement, the Offer to Purchase and such documents and/or materials as a financial promotion is only being made to persons outside the United Kingdom and to those persons in the United Kingdom falling within the definition of investment professionals (as defined by Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order")) or persons who are within Article 43(2) of the Financial Promotion Order or any other persons to whom they may otherwise lawfully be communicated under the Financial Promotion Order (all such persons together being referred to as "relevant persons") and the transactions contemplated herein will be available only to, and engaged in, by relevant persons. Any person who is not a relevant person should not act on or rely on this announcement, the Offer to Purchase and any such other documents and/or materials in the United Kingdom.

France

This announcement, the Offer to Purchase and any other documents and/or materials relating to the Tender Offer may not be distributed in the Republic of France other than to qualified investors (investisseurs qualifiés) as defined in Article L.411-2 1° of the French Code monétaire et financier and only qualified investors (investisseurs qualifiés) are eligible to participate in the Tender Offer. The Tender Offer, this announcement, the Offer to Purchase and any other documents and/or materials relating to the Tender Offer have not been and will not be submitted for clearance to nor approved by the Autorité des marchés financier.

Italy

None of the Tender Offer, this announcement, the Offer to Purchase and any other documents or materials relating to the Tender Offer has been or will be submitted to the clearance procedure of the Commissione Nazionale per le Società e la Borsa ("CONSOB"), pursuant to Italian laws and regulations. The Tender Offer is being carried out in Italy as an exempted offer pursuant to article 101-bis, paragraph 3 bis of the

Legislative Decree No. 58 of February 24, 1998, as amended (the "Financial Services Act") and article 35-bis, paragraph 4 of CONSOB Regulation No. 11971 of May 14, 1999, as amended. Accordingly, Holders or beneficial owners of the Notes that are located in Italy can tender Notes through authorized persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities in Italy in accordance with the Financial Services Act, CONSOB Regulation No. 20307 of February 15, 2018, as amended from time to time, and Legislative Decree No. 385 of September 1, 1993, as amended) and in compliance with applicable laws and regulations or with requirements imposed by CONSOB or any other Italian authority.

General

This announcement is for informational purposes only and shall not constitute an offer to buy, a solicitation to buy or an offer to sell any securities. The Tender Offer is being made only pursuant to the Offer to Purchase and only in such jurisdictions as is permitted under applicable law. Please see the Offer to Purchase for certain important information on offer restrictions applicable to the Tender Offer.

- ends -

Investor contacts

Media Enquiries

Charles Reynolds +44 7811 121398
Smith+Nephew [email protected]

About Smith+Nephew

Smith+Nephew is a portfolio medical technology business focused on the repair, regeneration and replacement of soft and hard tissue. We exist to restore people's bodies and their self-belief by using technology to take the limits off living. We call this purpose 'Life Unlimited'. Our 17,000 employees deliver this mission every day,

making a difference to patients' lives through the excellence of our product portfolio, and the invention and application of new technologies across our three global business units of Orthopaedics, Sports Medicine & ENT and Advanced Wound Management.

Founded in Hull, UK, in 1856, we now operate in around 100 countries, and generated annual sales of $6.2 billion in 2025. Smith+Nephew is a constituent of the FTSE100 (LSE:SN, NYSE:SNN). The term 'Smith+Nephew' is used to refer to Smith & Nephew plc and its consolidated subsidiaries, unless the context requires otherwise.

For more information about Smith+Nephew, please visit www.smith-nephew.com and follow us on X, LinkedIn, Instagram or Facebook

Smith+Nephew Forward-looking Statements

This announcement contains certain "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. For example, statements regarding expected revenue growth and trading profit margins, market trends and our product pipeline are forward-looking statements. Phrases such as "aim", "plan", "intend", "anticipate", "well-placed", "believe", "estimate", "expect", "target", "consider" and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. For Smith+Nephew, these factors include: conflicts in Europe and the Middle East, economic and financial conditions in the markets we serve, especially those affecting healthcare providers, payers and customers; price levels for established and innovative medical devices; developments in medical technology; regulatory approvals, reimbursement decisions or other government actions; product defects or recalls or other problems with quality management systems or failure to comply with related regulations; litigation relating to patent or other claims; legal and financial compliance risks and related

investigative, remedial or enforcement actions; disruption to our supply chain or operations or those of our suppliers; competition for qualified personnel; strategic actions, including acquisitions and disposals, our success in performing due diligence, valuing and integrating acquired businesses; disruption that may result from transactions or other changes we make in our business plans or organization to adapt to market developments; relationships with healthcare professionals; reliance on information technology and cybersecurity; disruptions due to natural disasters, weather and climate change related events; changes in customer and other stakeholder sustainability expectations; changes in taxation regulations; effects of foreign exchange volatility; effects of AI use and deployment; and numerous other matters that affect us or our markets, including those of a political, economic, business, competitive or reputational nature. Please refer to the documents that Smith+Nephew has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Smith+Nephew's most recent annual report on Form 20-F for the year ended December 31, 2025 and interim financial statements on Form 6-K for the six months period ended June 27, 2026, which are available on the SEC's website at www. sec.gov and the Offer to Purchase, for a discussion of certain of these factors. Any forward-looking statement is based on information available to Smith+Nephew as of the date of the statement. The Company can give no assurance that any goal or plan set forth in the Company's forward-looking statements will be achieved and readers are cautioned not to place undue reliance on such statements, which speak only as of the date made. All written or oral forward-looking statements attributable to Smith+Nephew are qualified by this caution. Smith+Nephew does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances or in Smith+Nephew's expectations.

◊ Trademark of Smith+Nephew. Certain marks registered in US Patent and Trademark Office.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

SOURCE: Smith & Nephew Plc

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Bringing biocompatible, clinically effective skincare to communities across Mexico and Canada

LOS ANGELES--(BUSINESS WIRE)--Today, Naturium, a brand from e.l.f. Beauty (NYSE: ELF), announced its expansion with Sephora across Canada and Mexico, bringing its biocompatible, clinically effective skincare to new consumers across North America. Delivering affordable luxury for head-to-toe skincare, the brand makes its official debut in Mexico exclusively in Sephora Mexico stores and on Sephora.com.mx, while broadening its Canadian retail footprint online and in Sephora Canada stores nationwide.

Since its launch in 2019, Naturium has built a loyal, community-driven following based on a simple idea: effective skincare should be easy to understand and incorporate into everyday life. The Sephora expansion marks the next step in the brand’s continued growth, bringing its mission of ‘skin love for everyone’ to more consumers across North America. With the addition of these two markets, Naturium is now available in six regions globally.

“To see Naturium continue to grow and reach new markets is incredibly meaningful to us. We have been working to expand Naturium’s retail presence internationally and getting the best of Naturium into more hands,” said Suzanne Pengelly, President of Naturium. “We’ve built Naturium around products people genuinely love making part of their everyday routines, and we can’t wait for even more consumers to discover them.”

“We’re very happy to welcome Naturium to Sephora Mexico and add to our portfolio a brand that combines innovation, clinical efficacy, and an accessible approach to skincare,” said Mauricio Padilla, CEO of Sephora Mexico. “We’re confident its proposition will strongly resonate with our clients, and we’re excited to be its exclusive retail destination in Mexico.”

At Sephora Canada and Sephora Mexico, consumers can find an assortment of Naturium’s bestselling skincare and body care formulas, including:

Glow Getter Multi-Oil Hydrating Body Wash – Best-selling vanilla coconut body wash that delivers a multi-oil glow from head to toe. Glow Getter Multi-Oil Body Butter – Luxurious, vanilla coconut, fast absorbing body butter includes 81% multi-oil complex for glowing, replenished and firmer-looking skin. Multi-Peptide Moisturizer – Clinically-proven moisturizer that improves wrinkles & hydration in 100% of consumers and firmness in 97% of consumers. Vitamin C Complex Serum – Gold stabilized Vitamin C delivered in a biocompatible, ph-balance that is suitable for all skin types. To celebrate its launch in Sephora Canada, Naturium is rolling out a brand campaign across Canada featuring its Canadian community and their love of skincare, including partnerships with creators that are long-time brand fans, and have championed Naturium for years. The brand will also host an experiential activation on September 12 in Toronto at The Well, where guests can enjoy a special photobooth experience, product education, customized skincare routines, and take home some of the brand's most loved products.

Beginning September 9, Naturium will be available online at sephora.com/ca/en/ and in Sephora Canada stores nationwide. In Mexico, Naturium will be available exclusively at Sephora Mexico stores and on Sephora.com.mx.

About Naturium
Founded in 2019, Naturium brings the science of consistent skincare to every one, every where, every day. The brand's biocompatible and dermatologist-tested formulas work with individual skin's biology from head to toe, blending natural botanicals with potent actives for clinically effective results at an accessible price point. Naturium has pioneered facial and body care innovations. Naturium is clean, vegan, paraben-free, and double-certified by Leaping Bunny and PETA as cruelty-free. Acquired by e.l.f. Beauty (NYSE: ELF) in 2023, the brand is available at naturium.com and both in-store and online at Target and Ulta in the U.S.

About Sephora
Sephora is the world’s leading global prestige beauty retail brand. With 55,000 passionate employees operating in 37 markets, Sephora connects customers and beauty brands within the world’s most trusted and dynamic beauty community. We serve a highly engaged community of hundreds of millions of beauty followers across our global omnichannel network of more than 3,400 stores and iconic flagships, and our e-commerce and digital platforms, offering personalized and immersive seamless experiences across every touchpoint. With our curation of more than 500 brands and our own label, Sephora Collection, we offer the most unique and diverse range of prestige beauty products, tailored to our customers’ needs from fragrance to make-up, haircare, skincare and beyond, as we constantly reimagine the world of prestige beauty. Since SEPHORA’s inception in 1969 in Limoges, France, and as part of the LVMH Group since 1997, the brand has been disrupting the prestige beauty retail industry. Today, they continue to break with convention to drive their mission: champion a world of inspiration and inclusion where everyone can celebrate their beauty. For more information, visit www.sephora.com.

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Key Takeaways NuFormer is expanding across credit, customer service and growth campaigns at NU.NU's $39.4 billion credit portfolio grew 37%, while risk-adjusted NIM rose to 12.4%.NuFormer now runs faster and cheaper, with AI agents handling over 60% of Brazil support chats. Nu Holdings Ltd. (NU - Free Report) is putting artificial intelligence deeper into its operating model, with NuFormer central to underwriting, customer service and growth. The company said the model draws on more than a decade of transaction history across over 100 million customers in Brazil, Mexico and Colombia, giving it a large base of financial behavior data.

NuFormer has become faster and cheaper to run. Its latest generation quadrupled its context length, training speed and inference speed while lowering production costs. The model is used for credit cards in Brazil and Mexico and unsecured lending in Brazil, while SME credit cards and Colombian cards are being tested.

The push matters because credit remains a major earnings driver. NU ended the second quarter of 2026 with a $39.4 billion credit portfolio, up 37% year over year. Risk-adjusted net interest margin rose to 12.4% from 9.5% in the first quarter, helped by stronger credit income and a lower cost of credit.

AI is also moving beyond underwriting. Generative AI agents now handle more than 60% of customer support conversations in Brazil, with ratings at or above human levels. NuFormer is also being used to target growth campaigns, with more than 100 campaigns already run using the platform.

The financial backdrop gives NU room to invest. Second-quarter 2026 gross revenues reached $5.9 billion, up 39% year over year, while net income hit $1.1 billion. The company served 139 million customers, ARPAC reached $17 and the efficiency ratio stood at 19.5%, showing that AI investment is being layered onto a scaled platform.

How Are Itau Unibanco & MercadoLibre Compete?Itau Unibanco (ITUB - Free Report) , a major Brazilian banking rival to Nu Holdings, is embedding generative AI across customer service, business banking and payments. In June 2026, Itau Unibanco partnered with Google to expand Gemini access and AI training for SMEs. By late July 2026, its ia.i assistant was already available to approximately 300,000 Superapp users.

MercadoLibre (MELI - Free Report) , via its Mercado Pago platform, competes with Nu Holdings across Latin American payments, credit and digital financial services. The company uses AI and machine learning in credit scoring, customer service, advertising and marketplace search. In second-quarter 2026, MELI completed the rollout of an AI powered search architecture across its five largest sites. In second-quarter 2026, Mercado Pago reached 88 million monthly active users.

NU’s Price Performance, Valuation and EstimatesShares of NU have gained 29.4% in the past three months, outperforming the broader industry and the S&P 500 Index.

Image Source: Zacks Investment Research

From a valuation standpoint, NU trades at a forward price-to-earnings ratio of 14.38X, well above the industry’s 11.55X. It carries a Value Score D.

Image Source: Zacks Investment Research

NU’s estimates have increased 3 cents over the past month. The Zacks Consensus Estimate for full-year 2026 EPS is pegged at 86 cents.

Image Source: Zacks Investment Research

NU stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Leading German health insurer brings NiCE Cognigy AI agents and CXone together to support more than 5 million annual member interactions

HOBOKEN, N.J.--(BUSINESS WIRE)--NiCE (Nasdaq: NICE) today announced that AOK PLUS is now live on NiCE Cognigy and CXone, making it one of the first customers to bring AI agents and member service operations together on NiCE’s unified CX AI platform. The deployment unites AI-powered self-service, intelligent orchestration, workflows and employee expertise to support more than 5 million annual member interactions.

AOK PLUS began its AI transformation with NiCE Cognigy in 2025, introducing AI-powered voice self-service to identify member needs and direct inquiries to the appropriate teams. With CXone, AOK PLUS is extending that intelligence across its broader member service operation, connecting AI-powered interactions with 2,400 employees and 120 skills that intelligently route inquiries based on employee competencies. Together, NiCE Cognigy and CXone create one foundation for orchestrating automated and employee-assisted service from interaction to resolution.

The unified approach is already operating at significant scale. AOK PLUS is supporting more than 5 million annual member interactions on CXone and has achieved a call acceptance rate above 95%. The organization also migrated more than 1,400 telephone numbers with zero downtime. The implementation was delivered by NiCE in collaboration with long-standing Platinum partner CCT Solutions.

Trust and data sovereignty are central to AOK PLUS’s approach. The organization is among the first public health insurers in Germany to move member service operations to the cloud and the first insurer in Saxony and Thuringia to deploy AI-powered voice automation in a sovereign cloud environment. Deployed in NiCE’s EU Sovereign Cloud, CXone provides the security, governance and data sovereignty required to scale AI while meeting stringent German and European healthcare requirements.

“Our members are getting faster, more personalized support without ever losing the security and trust they expect,” said Sebastian Reichenbach, Project Lead Customer Experience & Contact Center, AOK PLUS. “That’s what happens when AI agents and our 2,400 employees work from the same platform, so no matter who or what responds, the experience feels seamless.”

“AOK PLUS is turning millions of member interactions into personalized, trusted experiences at scale, and that’s the real payoff of bringing AI agents and member service together on one platform,” said Darren Rushworth, President, NiCE International. “And they’re doing it without compromising the security and data sovereignty their members expect.”

About AOK PLUS

AOK PLUS – The Health Insurance Fund for Saxony and Thuringia is a federal agency operating within Germany's statutory health insurance system. Headquartered in Dresden, AOK PLUS serves more than 3.4 million members through more than 130 local branches across Saxony and Thuringia and employs approximately 7,000 people. For more information, visit www.aok.de.

About NiCE

NiCE (NASDAQ: NICE) is transforming the world with AI that puts people first. Our purpose-built AI-powered platforms automate engagements into proactive, safe, intelligent actions, empowering individuals and organizations to innovate and act, from interaction to resolution. Trusted by organizations throughout 150+ countries worldwide, NiCE’s platforms are widely adopted across industries connecting people, systems, and workflows to work smarter at scale, elevating performance across the organization, delivering proven measurable outcomes.

Trademark Note: NiCE and the NiCE logo are trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE's marks, please see: www.nice.com/nice-trademarks.

Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Rushworth are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the “Company”). In some cases, such forward-looking statements can be identified by terms such as “believe,” “expect,” “seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,” “plan,” “estimate,” or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in general economic and business conditions; competition; successful execution of the Company’s growth strategy; success and growth of the Company’s cloud Software-as-a-Service business; rapid changes in technology and market requirements; the implementation of AI capabilities in certain products and services, decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties in making additional acquisitions or difficulties or effectively integrating acquired operations; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Company’s dependency on third-party cloud computing platform providers, hosting facilities and service partners; cyber security attacks or other security incidents; privacy concerns; changes in currency exchange rates and interest rates, the effects of additional tax liabilities resulting from our global operations, the effect of unexpected events or geo-political conditions, including those arising from political instability or armed conflict that may disrupt our business and the global economy; our ability to recruit and retain qualified personnel; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the “SEC”). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the SEC, including the Company’s Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

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Everpure P has remained stable following the announcement last Friday that it will join the S&P 500 before the market opens on September 21. This addition highlights a significant achievement for the company, which has seen its revenue growth accelerate for eight consecutive quarters. This growth is driven by strong enterprise demand, increased market share, and the rising adoption of its Storage-as-a-Service offerings, with artificial intelligence (AI) and hyperscale solutions providing further opportunities.

S&P 500 Inclusion: Everpure will transition from the S&P MidCap 400, replacing The Trade Desk TTD in the S&P 500. This move is expected to trigger automatic buying from index-tracking funds and adds to a robust year for Everpure, with its stock rising nearly 50% year-to-date. Company Overview: Everpure offers a comprehensive storage and data management platform centered on flash technology. Their range of products includes traditional enterprise storage and high-performance AI workloads, all built on a unified software architecture designed for enhanced performance, density, reliability, and power efficiency. The company has also ventured into consumption-based storage with its Evergreen//One service, achieving an annualized total contract value (TCV) run rate exceeding $1 billion. Q2 Performance: In Q2 (July), Everpure surpassed expectations with a 37.7% year-over-year revenue increase to $1.19 billion and a 77% rise in adjusted operating income to $230 million. The company has raised its FY27 guidance, now anticipating revenue between $5.03 billion and $5.07 billion, up from a previous range of $4.41 billion to $4.51 billion, and adjusted operating income of $940 million to $960 million. Remaining performance obligations (RPO) grew 44% year-over-year to over $4.1 billion, ensuring strong future revenue visibility. The adjusted gross margin stood at 69.9%, with P strategically maintaining product gross margins at the lower end of its 65-70% range to focus on growth and market share amidst rising component costs. Growth Drivers: The Q2 growth was bolstered by increased pricing, a transition to higher-performance configurations, and enhanced capacity per system, which compensated for lower system volumes. The demand was widespread across all products, regions, and customer segments, with large enterprise interest remaining robust despite significant price hikes. AI Impact: The demand for Everpure's storage solutions is being further fueled by AI as customers develop more data-intensive infrastructures. The company is also expanding its partnerships with hyperscalers, recently securing a contract with a second top-five hyperscaler, which is expected to ramp up significantly in FY28. Everpure anticipates that its hyperscale business will make a more substantial contribution in the latter half of FY27. Everpure's inclusion in the S&P 500 signifies a pivotal moment for a company that is increasingly benefiting from the growing demands of AI and infrastructure modernization. The stock has performed well, driven by rising core enterprise demand, the adoption of Storage-as-a-Service, and emerging hyperscale opportunities. Although shares experienced a pullback after P's impressive Q2 results in late August—likely due to high expectations and concerns over short-term cash flow and product margins—these factors reflect strategic decisions to secure supply and prioritize growth. Everpure still anticipates positive free cash flow for FY27. The significant revision to its second-half outlook indicates resilient demand despite price increases, reinforcing confidence in its growth trajectory. The upcoming Financial Analyst Meeting on September 23 will provide further insights into the company's long-term strategy and financial outlook.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

A stock that just hit a 52-week low doesn't usually need much to bounce. NuScale Power (SMR +15.26%) found that out in August, gaining 10.1% during the month according to data provided by S&P Global Market Intelligence, after a brutal July.

Has the nuclear energy stock bottomed out, and should investors buy it while they still can amid the artificial intelligence (AI) power crunch?

Image source: Getty Images.

NuScale's Q2 revenue plunged 99% The biggest single-day pop came around Aug. 25 when NuScale announced plans to roll out nuclear-specific AI tools built with Nuclearn and NPX's AtomAssist platform. Early testing showed a cut of up to 80% in the time it takes engineers to find key design information.

Simply put, NuScale, which is developing small modular reactors (SMRs), plans to use custom nuclear AI to sift through mountains of technical documents and regulatory rules to extract data quickly. That should mean quicker decisions and no costly project delays as a reactor moves from design to deployment.

Earlier in the month, though, the news was nowhere near as flattering. NuScale kicked off August by reporting revenue of only $75,000 for the second quarter, down 99 % from $8 million a year earlier.

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The slump wasn't really about business erosion. It was a job ending, as NuScale finished front-end engineering design work on a project in Romania. The company doesn't have anything meaningful yet to replace that revenue with. It also continues to incur big losses and burn cash.

Should you buy NuScale Power stock now? NuScale ended Q2 with $1.9 billion in cash and investments, up $900 million from Q1. On Aug. 11, it filed to sell another $750 million in shares. That's more stock dilution, and a bet that only pays off if NuScale can sign a power purchase agreement (PPA) before investors run out of patience.

That's the single biggest development investors are waiting for, as commercial execution remains unproven. NuScale has the regulatory head start as its SMR design is already approved by the U.S. Nuclear Regulatory Commission.

The AI boom has created an insatiable demand from hyperscalers and data centers for massive, uninterrupted, carbon-free energy. NuScale's certified SMR design puts it in a prime position to meet that need, but commercial execution remains unproven with its first operational reactor still years away.

Until its commercial development partner, ENTRA1 Energy translates non-binding framework agreements into signed PPAs and turns regulatory milestones into concrete factory orders, NuScale Power stock will keep trading on pure speculation rather than revenue or earnings visibility.

Key Takeaways RDW is accelerating phased-array antenna development for dynamic beam steering and higher data throughput.RDW builds on existing RF capabilities, including tactical antennas and space-based Link-16 demonstrations.RDW has delivered more than 200 flight antennas while upgrading its RF flight electronics facilities. Redwire Corporation (RDW - Free Report) is expanding its focus on military communications with a strategic investment in next-generation phased-array antenna technology. In August 2026, the company announced the investment to accelerate the development and production of phased-array antenna systems designed for communications across low Earth orbit (LEO), medium Earth orbit (MEO) and geostationary orbit (GEO). The systems are expected to support dynamic beam steering, stronger link reliability and higher data throughput for warfighter communications.

The investment builds on Redwire’s existing radio frequency (RF) capabilities. The company already provides tactical connectivity antennas and RF payloads, including antennas used on the Proliferated Warfighter Space Architecture. Redwire also previously demonstrated a Link-16 signal transmission from space to ground, supporting the exchange of tactical data across military platforms.

Phased-array technology could give RDW another opportunity to participate in the expansion of distributed military satellite networks. Its ability to support multiple orbital environments could broaden the applications of its RF portfolio as defense customers seek communications systems capable of operating across increasingly complex space architectures. Redwire’s RF Systems group also supplies tactical communications and sensing payloads to major aerospace and defense companies, giving the company an established channel for deploying these technologies.

The investment could strengthen Redwire’s position in space-based communications while creating opportunities to expand its role across national security programs. With more than 200 flight antennas already delivered and a major upgrade to its RF flight electronics assembly facilities, RDW is building on an existing technology base rather than entering the market from scratch.

Companies Advancing Phased-Array Defense CommunicationsGrowing demand for resilient military communications is encouraging aerospace and defense companies to advance phased-array technologies for satellite and other contested communications applications. Viasat Inc. (VSAT - Free Report) and Northrop Grumman Corporation (NOC - Free Report) are also developing capabilities that support secure and resilient communications across defense applications.

Viasat develops active electronically scanned array technologies designed to support multi-band and multi-orbit satellite communications, aligning with the broader push toward flexible and resilient military connectivity.

Northrop Grumman works on SATCOM ground systems and phased-array antenna technologies that assist in military communications, providing another example of how advanced antenna architectures are being integrated into defense networks.

Earnings Estimates for RDW StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year growth of 57.32% and 40%, respectively.

Image Source: Zacks Investment Research

RDW Stock Is Trading at a PremiumRedwire is trading at a premium relative to the industry, with a forward 12-month price-to-sales of 4.96X compared with the industry average of 2.36X.

Image Source: Zacks Investment Research

RDW Stock Price PerformanceOver the past six months, RDW shares have risen 9.1% against the industry’s 15.1% fall.

Image Source: Zacks Investment Research

RDW’s Zacks RankRedwire currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

SHENZHEN, CHINA - JULY 23: In this photo illustration, a smartphone displays the logo of Applied Digital Corporation (NASDAQ: APLD), an American company focused on designing, developing and operating digital infrastructure for high-performance computing and artificial intelligence applications, in front of a screen showing the company's latest stock market chart on July 23, 2026 in Shenzhen, Guangdong Province, China. (Photo illustration by Cheng Xin/Getty Images)

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This article was written by Doug Nathman, with research by his team at Trefis.

Applied Digital (APLD) has declined 44.3% during the last three months as the S&P 500 returned 1.4%, and, at roughly $26.50, the stock is currently around half its 52-week high. Yet it trades at 13.1 times sales against 3.2 for the S&P 500. Both statements are simultaneously true because the share price has little connection to the business visible today.

Why Does Applied Digital Continue To Seem Expensive?Begin with what is operational. Trailing twelve-month revenue stood at $0.6 billion, and, according to management, the fiscal Q4 2026 HPC data center financials mainly reflect only the first 100 megawatts brought online at Polaris Forge 1, with another 75 megawatts delivered there afterward. Contracted critical IT load across its campuses totals 1.41 gigawatts.

Compare that with $36 billion in contracted long-term lease value, rising from $7 billion a year earlier. That backlog is what you are paying for. The underlying business is expanding quickly, while the income statement remains a construction site with only the first meters operating.

Can Applied Digital Truly Build All Of It?Management identifies two limitations: when utility power becomes available and its internal supply chain. It has quantified the latter at roughly 700 megawatts of critical IT load annually, compared with a 1.5 gigawatt build it has contracted to complete within a couple of years. By its own acknowledgment, that slightly exceeds its limit.

The track record suggests otherwise. The first Polaris Forge 1 building required about 24 months from construction commencement to service, while the second took under 12. Management states that every one of its construction projects is currently on time and on budget.

The power needed to enable the next phase lies further ahead. The company’s arrangement with Base Electron encompasses roughly 1.2 gigawatts of natural gas-fired generation in the Dakotas, with that initial capacity arriving in 2029 and 2030.

What Happens If The Schedule Slips?You finance the gap while it persists, using the balance sheet instead of earnings. Operating margin is sharply negative at -35.1%, versus 18.5% for the S&P 500, meaning the company overall still loses money from operations. Debt stands at 71.6% of market value compared with 19.8% for the market, although cash represents 16.0% of total assets versus 6.6%.

A pricing issue sits beneath the backlog. The three latest leases, spanning 810 megawatts, prompted analyst questions about yields lower than peers, while management says its lease rates are toward the upper end of the range for comparable transactions and have risen since those talks. Roughly $20 billion of the $36 billion originated from those three, each signed with the same high investment-grade hyperscaler.

The next meaningful indicator is whether the two expansion leases under negotiation, approximately 100 and 150 megawatts, are completed at the materially higher rates management anticipates.

So, what are you purchasing? A substantial contracted revenue stream, a construction program progressing slightly ahead of the company’s stated capacity, and an income statement that will not determine which prevails for another year or two. Notably, though, given the stock’s nearly 90% twelve-month return and a 35% three-month decline, this is a rather volatile bet.

powered by

CoreWeave (CRWV)

Buy CRWV. The OpenAI Astra model adds a fresh demand catalyst on top of a massive contracted base: ~$104B backlog and $22.4B OpenAI deal, plus raised 2026 revenue guidance ($12.4B–$13.2B). The key is the shift to long-dated, take-or-pay contracts and only ~36% of contracted power active—so revenue can expand as capacity gets energized, not just by chasing spot GPU demand. Expect valuation re-rating as visibility improves and margins benefit from better pricing/contract structure.

Key Risk: They fail to convert contracted power into active, revenue-generating infrastructure fast enough (execution/capex delays), so backlog doesn’t turn into results and leverage/margin pressure hits the stock.

NVIDIA (NVDA)

Buy NVDA. CRWV’s surge signals sustained hyperscaler/AI infrastructure buildout and tighter supply dynamics for accelerators and networking. If contracted demand keeps expanding and more capacity gets activated, NVDA’s data-center revenue mix benefits directly from higher AI compute deployments across customers like OpenAI and the broader ecosystem.

Key Risk: AI infrastructure demand slows or customers renegotiate down (or delay) GPU orders, causing NVDA growth to decelerate despite CRWV’s near-term catalyst.

CoreWeave CRWV stock jumped 16% on Tuesday as OpenAI’s new Astra model provided a fresh catalyst for the AI cloud infrastructure company.

CoreWeave has a $22.4 billion deal with OpenAI to provide computing power, adding to a growing base of contracted demand for its infrastructure.

The company’s momentum also follows strong second-quarter 2026 results reported last month.

CoreWeave posted revenue of $2.58 billion, up 112% year over year and above Wall Street expectations.

Its revenue backlog stood at approximately $104 billion, while more than $25 billion in new customer commitments were added during the early weeks of the third quarter.

Management also raised its full-year 2026 revenue guidance to between $12.4 billion and $13.2 billion, highlighting the scale of demand for AI computing infrastructure.

The company expects its ARR to reach approximately $250 million by year-end, while forecasting 2027 ARR of $18.5 billion to $19.5 billion.

CoreWeave’s business is increasingly centered on long-dated, take-or-pay style contracts rather than speculative GPU capacity sales.

These agreements provide customers with contracted access to NVIDIA accelerators and related networking, storage, and orchestration software.

According to a Seeking Alpha report, the shift has changed the company’s risk profile by providing greater revenue visibility and contract durability.

Seeking Alpha described CoreWeave as no longer primarily selling speculative capacity into an uncertain market, but instead delivering against a contracted order book that is more than 10 times its current annual revenue.

The analysis rated CoreWeave a buy with 15%-20% upside, while also identifying the company as the highest-risk name in the analyst’s model. It cited leverage and execution risks alongside the potential for margin expansion and a valuation re-rating.

Another factor highlighted in the analysis is CoreWeave’s unused contracted power capacity.

Only 36% of its contracted power is currently active, potentially leaving significant room for future revenue as additional capacity is energized.

Analysts remain constructive on CRWVAnalyst sentiment has remained positive following CoreWeave’s second-quarter results.

Truist Securities raised its price target on CRWV to $165 from $155 in late August, citing potential margin upside from improved pricing and contract structures.

Oppenheimer maintained its Outperform rating with a $150 price target. The firm argued that supply concerns were overblown compared with demand, which was described as running at roughly four times available capacity.

Billionaire investor David Tepper is also increasing exposure to AI-related companies. Appaloosa Management’s portfolio includes Amazon, Micron Technology, Taiwan Semiconductor Manufacturing and Alphabet, with those four companies accounting for roughly half of the portfolio.

During the second quarter, Appaloosa added both Space Exploration Technologies and CoreWeave to its portfolio.

CoreWeave’s transition toward contracted AI infrastructure demand provides greater visibility, but the company remains exposed to leverage and execution risks. The balance between expanding capacity, converting contracted power into active infrastructure and improving margins will remain important to its outlook.

Key Takeaways Quantum Computing's Q2 revenues surged to $5.6 million from $61 thousand a year earlier.Operating expenses more than doubled to $21.8 million, driven by payroll and acquisition costs. Quantum Computing's net loss narrowed to $11.8 million, while liquidity totaled $1.3 billion. Quantum Computing (QUBT - Free Report) or QCi’s second-quarter 2026 revenues totaled $5.6 million, up sharply from $61 thousand in the year-ago quarter and $3.7 million in the first quarter of 2026. Revenues were generated across QCi’s integrated portfolio of quantum and photonics technologies, products and services, serving a diverse mix of government, educational and commercial customers. 

Growth was primarily driven by sales of photonics products that support the company’s quantum technology roadmap while also addressing existing aerospace, government and industrial applications. QCi exited the quarter with $42.5 million in contract backlog and $1.3 billion in cash, cash equivalents and investments, providing substantial liquidity to support its growth initiatives.

Despite the significant improvement in revenues and a strong liquidity position, profitability remains a key concern as the higher sales base has yet to translate into positive gross or operating results. Operating expenses totaled $21.8 million compared with $10.2 million in the second quarter of 2025, up 114%. This increase was largely due to higher headcount and related payroll costs for research and development efforts, sales and marketing and acquisition-related transaction expenses of $7.3 million. QCi reported a net loss of $11.8 million in the second quarter of 2026, narrowing from a net loss of $36.5 million in the prior-year period. 

Peer UpdateRigetti (RGTI - Free Report) reported total revenues of $5.1 million, up 185.3% year over year. The company ended the second quarter of 2026 with a strong cash position and no debt, providing flexibility to continue investing behind its technology roadmap and customer opportunities. However, Rigetti’s revenue profile remains tied to the timing of system deliveries and milestone-based development work rather than recurring commercial usage. Operating loss for the quarter was $28.1 million compared with $19.9 million in the prior-year quarter.

D-Wave Quantum’s (QBTS - Free Report) second-quarter revenues were essentially flat at $3.1 million. Yet, first-half bookings surged 1,120%, including a $20 million system sale. QBTS’ remaining performance obligations were up 668%, with about 57% expected to be recognized within 12 months. Bookings have not yet translated into reported revenues at the same pace. The adjusted EBITDA loss widened to $37.1 million. QBTS’ GAAP operating expenses rose 93% year over year. 

QUBT’s Share Price PerformanceOver the past year, QCi’s shares have plunged 47.4% compared with the industry’s 11.7% decline. 

Image Source: Zacks Investment Research

QUBT’s Expensive ValuationQUBT currently trades at a forward 12-month price-to-sales (P/S) of 38.78X compared with the industry’s median of 4.09X.

Image Source: Zacks Investment Research

QUBT Stock Estimate TrendOver the past 30 days, QCi’s loss per share estimate for 2026 has moved south.

Image Source: Zacks Investment Research

QUBT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

VANCOUVER, British Columbia, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX: ELD, NYSE: EGO) (“Eldorado” or the “Company”) is pleased to announce that first copper-gold concentrate has been produced at its wholly owned Skouries Project in northern Greece, marking a significant milestone in the transition of the project from construction to operations and a major step toward commercial production which is expected to be achieved in the fourth quarter of 2026.

First concentrate was produced on September 8 as part of the ongoing commissioning and ramp-up of the processing plant. This milestone follows the introduction of first ore to the crusher in July and reflects the successful commissioning of key process plant systems, including crushing, grinding, flotation and tailings thickening circuits. The ore stockpile currently exceeds 4.6 million tonnes above reserve grade, providing a strong foundation for ramp-up and underpinning more than seven months of processing throughput and concentrate production.

"This is a defining moment for Eldorado," said George Burns, Chief Executive Officer. "First concentrate at Skouries represents the culmination of years of development, construction and partnership and marks the beginning of a new chapter for our Company. Skouries is not only a transformational asset for Eldorado, but also one of the most significant investments in Greece and one of Europe's largest copper-gold projects. Together with McIlvenna Bay in Saskatchewan, Skouries is expected to transform Eldorado into a larger, more diversified precious metals and critical minerals producer with a stronger production base, meaningful copper and silver exposure and enhanced free cash flow generation. We are proud of what has been accomplished through our partnership with the Greek government and banks, local communities, our workforce and other stakeholders, and we look forward to creating long-term value and benefits for Greece and all stakeholders for decades to come."

Key infrastructure commissioning has steadily progressed with crushing, grinding, flotation, tailings thickening, and concentrate thickening systems operating successfully. Temporary on-site power generation continues to support early operations and ramp-up until connection to the national power grid is achieved, which remains subject to final inspections, testing and installation of metering equipment by the Greek transmission authority and is expected in September 2026.

Stockpile dome and process plant

Semi-autonomous grinding mill (SAG) & Ball mill

Flotation cells and regrind mill (in the foreground)

Skouries is expected to produce on average 140,000 ounces of gold and 67 million pounds of copper annually over the life of mine.

Multimedia

A video showing first concentrate can be found here: https://youtu.be/heLd6g9_tn4Photos of the progress at Skouries can be viewed and downloaded via this link: https://eldoradogold.getbynder.com/web/18d252a9d9d595a6/september-2026-project-progress/ Qualified Person

Simon Hille, FAusIMM, Executive Vice President, Chief Operating Officer, is the Qualified Person under National Instrument 43-101 responsible for preparing and supervising the preparation of the scientific or technical information contained in this news release and for verifying the technical data disclosed in this document relating to Skouries.

About Eldorado Gold

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Türkiye, and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Contact

Investor Relations
Lynette Gould, VP, Investor Relations, Communications & External Affairs
647 271 2827 or 1 888 353 8166
[email protected]

Media
Chad Pederson, Director, Communications and Public Affairs
236 885 6251 or 1 888 353 8166
[email protected]        

Cautionary Note about Forward-looking Statements and Information

Certain of the statements made and information provided in this news release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as “anticipate”, “believe”, “budget”, “continue”, “commitment”, “confident”, “estimate”, “expect”, "focus", “forecast”, “foresee”, “future”, “goal”, “guidance”, “intend”, “opportunity”, “outlook”, “plan”, “potential”, “project”, “prospective”, “schedule”, “strive”, “target”, “underway”, "working" or the negatives thereof or variations of such words and phrases or similar words or statements that certain actions, events or results “can”, “could”, "likely", "may", “might”, “will” or "would" be taken, occur or be achieved.

Forward-looking statements or information contained in this news release include, but is not limited to, statements or information with respect to: the transition of the project from construction to operations; expected commercial production and expected timing thereof; our expectations of the ore stockpile regarding ramp-up, processing throughput, and concentrate production; ongoing commissioning and ramp-up, including energization activities, and expected progress thereof; expected connection to the national power grid and expected timing thereof; expected benefits of the Skouries Project including, together with McIlvenna Bay, transforming us into a larger, more diversified precious metals and critical minerals producer with a stronger production base, meaningful copper and silver exposure and enhanced free cash flow generation; expected benefits of the Skouries Project to Greece and other stakeholders; expected gold production and copper production of the Skouries Project annually over the life of mine; and generally our strategy, plans and goals, including our proposed development, construction, permitting, financing and operating potential, plans and priorities and related timelines and schedules.

Forward-looking statements and forward-looking information by their nature are based on a number of assumptions that management considers reasonable. However, if such assumptions prove to be inaccurate, then actual results, activities, performance, or achievements may be materially different from those described in the forward-looking statements or information. These include assumptions concerning, among other things: timing, costs and results of our construction and development activities, improvements and exploration, including at the Skouries Project, the McIlvenna Bay Project and our other operating mines and development projects; the current or future price of gold, copper and other commodities; the availability of financing for our exploration, development and operating activities and our ability to access existing project funding and remain in compliance with all covenants and contractual commitments related thereto; the geopolitical, economic, permitting and legal climate that we operate in, including recent disruptions to shipping operations in the Strait of Hormuz and Red Sea and any related shipping delays, shipping price increases, or impacts on the global energy market; availability of labour resources, including for construction, development and improvement activities; our ability to integrate the assets of Foran Mining Corporation, advance its exploration and development assets and to realize anticipated synergies and benefits therefrom; general business and economic conditions, including interest rates, inflation, commodity and power prices, credit and financial market conditions and the impact of foreign exchange rates and tax rates and related frameworks; anticipated values, costs, expenses and working capital requirements; production and metallurgical recoveries; Mineral Reserves and Mineral Resources; our ability to develop, finalize and execute on our updated five-year strategic plan through 2030; acts of governments and the outcome of any legal or regulatory proceedings or other disputes that we may be involved in; our ability to continue to make purchases under our normal course issuer bid and to pay dividends; the impact of acquisitions, dispositions, suspensions or delays on our business; our ability to manage and mitigate the risks associated with our use of technology and artificial intelligence; the expected vesting and redemption outcomes under our compensation securities; our ability to address the negative impacts of climate change and adverse weather; consistency of agglomeration and our ability to optimize it in the future; the cost of, and extent to which we use, essential consumables; the impact and effectiveness of productivity initiatives; the time and cost necessary for anticipated overhauls of equipment; expected by-product grades; the effectiveness of our hedging programs; and our ongoing relations with regulators, communities, and our partners.

More specifically, with respect to the Skouries Project and updates, we have made additional assumptions regarding: our ability to continue executing our plans relating to the Skouries Project on the estimated existing project timeline and consistent with the current planned project scope; labour productivity, rates, and expected hours; inflation rates; the timeliness of shipping for important or critical items; our ability to continue accessing our project funding and remain in compliance with all covenants and contractual commitments related thereto; our ability to obtain and maintain all required approvals and permits, both overall and in a timely manner; our ability to obtain the requisite inspections and approvals for energization of the power supply from the power authority in a timely manner; the absence of further previously unidentified archaeological discoveries which would delay construction of various portions of the project; the future price of gold, copper, and other commodities; and the broader community engagement and social climate in respect of the Skouries Project.

In addition, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this news release. Even though we believe that the assumptions and expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statements or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.

Forward-looking statements or information contained in this news release are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements or information, including, but not limited to: commodity price risk; construction and development risks at the Skouries Project, the McIlvenna Bay Project and our other construction and development projects; changing political, economic and social conditions, including changes in governments or political systems, ongoing market uncertainty and global or regional geopolitical events, conflicts or disruptions; risks relating to our operations in foreign jurisdictions; risks related to production and processing; risks related to our improvement projects; our ability to integrate the assets of Foran Mining Corporation, advance its exploration and development assets and to realize anticipated synergies and benefits therefrom on the timelines expected or at all; delays and risks relating to surface construction, commissioning activities, ramp-up, and commercial production at McIlvenna Bay; our ability to obtain reliable supplies of power and water at a reasonable cost; prices of commodities and consumables; our reliance on significant amounts of critical equipment; our reliance on infrastructure, commodities and consumables, including risks from volatility and inflationary pressures as a result from the ongoing international conflict in Iran; inflation risk; risks related to fluctuations in the currency markets, including the Euro, Turkish lira, Canadian dollar and United States dollar; community relations and social license; environmental matters; geotechnical and hydrogeological structures, conditions or failures, including our ability to completely understand such structures and to mitigate such conditions or failures at a reasonable cost or at all; regulatory requirements as they relate to mine plan approvals; compliance with the Extractive Sector Transparency Measures Act (Canada); waste disposal; mineral tenure; permits, licenses and other authorizations; non-governmental organizations; reputational issues; climate change, including risks related to forest fires and water management; water collection, treatment and disposal operations at our mines, including the ability to manage unexpectedly large quantities of water; risk of spills or failure from our tailings operations (including circumstances beyond our control such as extreme weather, seismic events, prolonged droughts or heavy rainfall); environmental risks from our heap leaching operations, including hazardous materials management of our use of cyanide; change of control; actions of activist shareholders; estimation of Mineral Reserves and Mineral Resources; risks related to replacement of Mineral Reserves; regulatory reviews and different standards used to prepare and report Mineral Reserves and Mineral Resources; risks relating to any pandemic, epidemic, endemic or similar public health threats; regulated substances; acquisitions, including integration risks; dispositions; co-ownership of our properties; investment portfolio; volatility, volume fluctuations, and dilution risk in respect of our shares; competition; reliance on a limited number of smelters and off-takers; information and operational technology systems; liquidity and financing risks; indebtedness, including current and future operating restrictions, implications of a change of control, ability to meet debt service obligations, the implications of defaulting on obligations and changes in credit ratings; total cash costs per ounce and all in sustaining costs, including in relation to the market price of gold and the Company’s profitability; interest rate risk; credit risk; tax matters; financial reporting, including relating to the carrying value of our assets and changes in reporting standards; the global economic environment; labour risks (availability of labour resources, including for construction, development and improvements activities, and their productivity; and risks relating to employee/union relations, employee misconduct, key personnel, skilled workforce, expatriates and contractors, reclamation and long-term obligations); turnover and attrition rates of labour, and related impacts thereto; the unavailability of insurance; Sarbanes-Oxley Act, applicable securities laws, and stock exchange rules; risks related to title and surface rights; risks relating to environmental, sustainability, health and safety, and governance matters; technology and cybersecurity risks; corruption, bribery, and sanctions; litigation and contracts; conflicts of interest; compliance with applicable laws, legislation and regulations; dividends; tariffs and other trade barriers; and those risk factors discussed in the section titled “Risk Factors in Our Business” in the Company’s most recent Annual Information Form and Form 40-F. The reader is directed to carefully review our most recent Annual Information Form, Form 40-F and other regulatory filings filed on SEDAR+ and EDGAR under our Company name for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.

With respect to the Skouries Project, these risks, uncertainties and other factors may cause further delays in the completion of the construction and commissioning at the Skouries Project which in turn may cause delays in the commencement of production and further increases to the costs of the Skouries Project. The specific risks, uncertainties and other factors include, among others: our ability to efficiently manage the transitions from construction to commissioning to operations (including EPCM performance and owner team turn over); our ability to increase productivity by, among other things, adding or modifying labour shifts; rising labour costs or costs of key inputs such as materials, power and fuel; risks related to any unanticipated critical equipment defects or failures during the commissioning and ramp-up of operations; risks related to third-party contractors, including reduced control over aspects of the Company's operations, and/or the ability of contractors to perform at required levels and according to baseline schedules, costs of any engineering rework and any commercial disputes that may arise from a contractor’s failure to meet these requirements; the ability of key suppliers to meet key contractual commitments in terms of schedules, amount of product delivered, cost, or quality and the impact of any vendor data errors; impacts to overhead costs related to the schedule; our ability to construct key infrastructure within the required timelines, including the process plant, filter plant, substation, waste management facilities, embankments, tailings conveyors, and water management infrastructure; the timely receipt of necessary permits and authorizations and our ability to comply with the terms of existing and future permits and authorizations; differences between projected and actual degree of pre-strip required in the open pit; variability in metallurgical recoveries and concentrate quality due to factors such as extent and intensity of oxidation or presence of transition minerals; presence of additional structural features impacting hydrological and geotechnical considerations; variability in minerals or presence of substances that may have an impact on filtered tails performance and resulting bulk density of stockpiles or filtered tails; distribution of sulfides that may dilute concentrate and change the characteristics of tailings; unexpected disruptions to operations including due to protests, non-routine regulatory inspections, road conditions, on site or labour unrest; unexpected inclement weather and climate events, including wildfires, short and long duration rainfall and floods and other extreme weather events and our site's ability to respond to those events; our ability to meet pre-commercial producing mining or underground development targets; unexpected results from underground stopes; new archaeological discoveries requiring the completion of a regulatory process; changes in support from local communities; and our ability to meet the expectations of communities, governments, and stakeholders related to the Skouries Project. Our project capital and accelerated operational capital costs at Skouries are incurred primarily in Euros but are reported in US dollars and are therefore sensitive to fluctuations in the EUR/USD exchange rate.

The inclusion of forward-looking statements and information is designed to help you understand management’s current views of our near- and longer-term prospects, and it may not be appropriate for other purposes. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada and the United States. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein.

Bitmine owns 4.9% of the total ETH coin supply of 122.0 million

Bitmine is 97% of the way to the 'Alchemy of 5%' in just 15 months

Crypto equities are largest contributor to Russell 1000 quarter to date, representing 4 of the top 21 stocks

Bitmine common stock gain of 99% quarter to date is 4th best of the Russell 1000

ETH is the best performing macro asset in Q3 of 2026 to date, outperforming the S&P 500 by 5,430bp

Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026

Bitmine's Series A Preferred Stock is trading on the NYSE under the symbol BMNP

Bitmine has 5,067,309 staked ETH, representing $12.6 billion at $2,495 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors

Bitmine owns $91 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI

Bitmine Crypto + Total Cash Holdings & Marketable Securities + "Moonshots" total $15.7 billion, including 5.93 million ETH tokens, total cash & marketable securities of $593 million, and other crypto holdings

Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH

, /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash & marketable securities + "moonshots" holdings totaling $15.7 billion.

Bitmine Weekly Update

CRYPTO: Biggest contributor to Russell 1000 in 3Q are crypto

Asset Performance relative to S&P 500 since June 30, 2026

ETH/BTC ratio: Future tailwinds of Tokenization and AI

STAKING: BMNR now staking over 5 million ETH as of

ALCHEMY of 5%: BMNR ranked #81 by 5D avg daily

As of September 7, 2026 at 2:00pm ET, the Company's crypto holdings are comprised of 5,929,198 ETH at $2,495 per ETH (per CoinbaseNASDAQ: COIN), 211 Bitcoin (BTC), $180 million stake in Beast Industries, $91 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash & marketable securities of $593 million. Bitmine's ETH holdings are 4.9% of the ETH supply (of 122.0 million ETH).

"Since June 30th, 4 of the top 21 best performing stocks in the Russell 1000 are crypto-related equities. The outperformance is reflective of the fact that Ethereum is the best performing macro asset in Q3 so far. In our view, fund managers benchmarked to the Russell 1000 need to consider whether they have sufficient exposure to crypto given this group's outsized contribution to Russell 1000 gains this quarter. Notably, Bitmine's common stock is the 4th best performing with a gain of 99% compared to 3% for the Russell 1000 benchmark," stated Thomas "Tom" Lee, Chairman of Bitmine.

Tom DeMark, founder of DeMark Analytics and a capital markets advisor to Bitmine is expecting ETH to make a sharp upward move in coming weeks. According to Tom DeMark, "In August, ETH moved sideways without a downside break and the 12-day metric expired, which implies a renewal of the upside move. We believe this further supports the continuation of the prior uptrend. We expect, last week's sharp one-day rally was a likely preview of the pending advance."

"As we enter the final month of calendar Q3 2026, ETH is the best performing macro asset during the quarter, outperforming the S&P 500 by 5,430bp through last Friday. In fact, the top 3 performing assets since June 30th are ETH, BTC and SOL," stated Lee. "We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in calendar Q3 so far."

"We believe there are multiple positive catalysts as we head into the final months of 2026," stated Lee. "These include the upcoming CLARITY Act vote scheduled in mid-September. Additionally, Korean investors have again started buying crypto and rotating away from AI stocks. The 4-year cycle is bottoming within the next few weeks in our view. And this sets the stage for what we expect to be sizable institutional participation in buying crypto in the final months of 2026, especially given the tailwinds of tokenization and Agentic-AI."

"This ETH/BTC ratio has moved up during crypto bull cycles, driven by increasing use of Ethereum relative to Bitcoin. These prior cycles were fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025). In this upcoming crypto cycle, we see the ETH/BTC ratio rising, driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains," continued Lee.

"Over the past week, we acquired 28,086 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025," stated Lee.

On July 16, 2026, Bitmine released the latest Chairman's Message (link here) for July 2026. The title of the Message is "ETH is the cure for the Uncanny Valley of Wealth."

Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), the institutional-grade staking platform. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, MAVAN has expanded to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform.

As of September 7, 2026, Bitmine total staked ETH stands at 5,067,309 ($12.6 billion at $2,495 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $386 million on an annualized basis (using 2.61% 7-day BMNR yield)," stated Lee.

"Annualized staking revenues are now projected at $330 million. And this 5.1 million ETH is 85% of the 5.93 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.61% (annualized)," continued Lee.

Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $1.10 billion (5-day average, as of September 4, 2026), ranking #81 in the US, behind Intuit Inc. (rank #80) and ahead of TJX Companies, Inc. (rank #82) among 5,704 US-listed stocks (statista.com and Fundstrat research).

Bitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 840,447 BTC valued at approximately $66 billion. Bitmine remains the largest ETH treasury in the world. 

Bitmine management believes the GENIUS Act and the Securities and Exchange Commission's (SEC) Project Crypto are as transformational to financial services in 2026 as the US action on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 55 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.

The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/

To stay informed, please sign up at: https://Bitminetech.io/contact-us/

About Bitmine
Bitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its subsidiaries ("Bitmine" or the "Company"), is a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. As the world's leading Ethereum Treasury company, it implements an innovative digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure—through which it earns staking rewards and validation income—alongside bitcoin mining activities. Bitmine holds digital assets strategically, generating yield on those holdings to support liquidity and capital formation. Since 2025, the Company has expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. The Company's activities further include investments in early-stage blockchain opportunities ("moonshot" investments) and ancillary mining, hosting, and consulting services.

For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat

Forward Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include all statements that are not purely historical and can generally be identified by terms such as "expects," "projects," "intends," "plans," "believes," "anticipates," "estimates," "forecasts," "targets," "goals," "may," "will," "would," "could," "should," "view," "see," or similar expressions, or the negative of such terms, or other comparable terminology. This press release specifically contains forward-looking statements regarding, among other things: (i) the Company's goal of acquiring 5% of the total ETH supply (the "Alchemy of 5%" initiative) and statements that the Company is 97% of the way to achieving this goal in 15 months; (ii) the Company's digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions since the inception of the ETH Treasury Strategy on June 30, 2025 and the Company's status as the largest ETH treasury in the world; (iii) the Company's staking operations, including projected annualized ETH staking rewards of approximately $386 million at scale (assuming Bitmine's ETH is fully staked by MAVAN and its staking partners using 2.61% 7-day BMNR yield), currently projected annualized staking revenues of approximately $330 million, and the 7-day yield of 2.61% (annualized); (iv) MAVAN's expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure, and its intended position as a premier Ethereum staking destination for BMNR and institutional investors; (v) expectations regarding future ETH price performance and market movements, including Tom DeMark's expectation that ETH will make a sharp upward move in coming weeks based on technical analysis and the belief that the August sideways movement implies a renewal of the upside move; (vi) statements regarding ETH's performance as the best performing macro asset in Q3 2026 to date, outperforming the S&P 500 by 5,430bp, and that this sets the stage for institutions to add to their crypto holdings; (vii) management's belief that multiple positive catalysts exist heading into the final months of 2026, including the upcoming CLARITY Act vote scheduled for mid-September 2026, renewed buying by Korean investors and rotation away from AI stocks, the view that the four-year crypto cycle is bottoming within the next few weeks, and the expectation of sizable institutional participation in buying crypto in the final months of 2026, especially given the tailwinds of tokenization and agentic-AI; (viii) statements and expectations regarding the ETH/BTC ratio, including that the ratio will rise in the upcoming crypto cycle driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains, similar to prior cycles fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025); (ix) management's belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services in 2026 as the end of the Bretton Woods system in 1971 and that investments resulting therefrom will prove better than gold; (x) statements that crypto equities are the largest contributor to Russell 1000 quarter to date and that fund managers benchmarked to the Russell 1000 need to consider whether they have sufficient exposure to crypto; (xi) statements regarding the Company's investments, including that its investment in Eightco Holdings (NASDAQ: ORBS) provides investors indirect exposure to OpenAI and its $180 million stake in Beast Industries; and (xii) statements regarding the value of the Company's crypto, cash, marketable securities, and "moonshot" holdings, including aggregate holdings of $15.7 billion and ETH holdings representing 4.9% of the total ETH supply.

These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could cause or contribute to such differences include, but are not limited to: the extreme volatility and unpredictability of digital asset prices, including ETH and Bitcoin, and the speculative nature of digital asset investments; the risk that historical ETH price movements, technical analysis indicators, and relative performance versus other macro assets will not recur or are not indicative of future performance; the Company's reliance on third-party pricing sources (including Coinbase) and reported market values in calculating the value of its crypto, cash, marketable securities, and "moonshot" holdings, and the risk that such values fluctuate materially after the date and time referenced in this release; changes in market conditions affecting the trading price and trading volume of the Company's common stock and Series A Preferred Stock, and the risk that the Company's inclusion in the Russell 1000 index does not produce anticipated benefits or that crypto equities' contribution to index performance does not continue; the Company's ability to successfully execute its digital asset acquisition strategy, continue its record of weekly ETH acquisitions, and achieve its ETH accumulation targets, including the "Alchemy of 5%" goal; the Company's ability to finance its business operations, Ethereum treasury operations, and MAVAN expansion; operational, security, and technological risks associated with the Company's staking and validation operations, including network failures, slashing events, cybersecurity breaches, and protocol changes; the risk that actual staking participation, yields, rewards, and revenues differ materially from the projected amounts described in this release, which are based on a 7-day yield and assume ETH is fully staked at scale; competition in the digital asset treasury, staking, and mining industries; the Company's dependence on key personnel, including executive leadership and advisors such as Tom DeMark; regulatory developments affecting digital assets, blockchain technology, and staking activities in the United States and globally, including the timing and outcome of the scheduled CLARITY Act vote and the ultimate enactment, implementation, and interpretation of the GENIUS Act and other pending legislation and regulatory initiatives; actions by the SEC, CFTC, and other regulatory bodies affecting digital assets and related businesses; risks related to the Company's investments in early-stage blockchain opportunities ("moonshot" investments), including the investments in Eightco Holdings (including the nature and extent of any indirect exposure to OpenAI) and Beast Industries; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, and general economic conditions affecting investor sentiment toward digital assets, including the behavior of Korean and other international investors; the accuracy of technical analysis predictions and management's expectations regarding ETH price movements, the ETH/BTC ratio, and the impact of tokenization and agentic-AI applications on Ethereum; the unpredictability of cryptocurrency market cycles and the accuracy of expectations regarding future crypto cycles, including whether the four-year cycle bottoms as anticipated and whether institutional participation materializes; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; the performance of third-party service providers, exchanges, custodians, and staking partners; risks related to the concentration of the Company's assets in digital currencies, particularly Ethereum; and the other risk factors described in the Company's filings with the SEC.

The forward-looking statements contained in this press release are based on information available to management as of the date of this release and reflect management's current expectations, estimates, forecasts, projections, views, and beliefs concerning future events and circumstances. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, including those described above and in the Risk Factors section of the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the SEC on November 21, 2025, the Company's Quarterly Reports on Form 10-Q, and the Company's other filings with the SEC, as amended or updated from time to time. Copies of these filings are available on the SEC's website at www.sec.gov and on the Company's website at https://Bitminetech.io/investor-relations/. The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Bitmine expressly disclaims any obligation or undertaking to update, revise, or supplement any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statements are based, except as required by applicable law or regulation.

SOURCE Bitmine Immersion Technologies, Inc.

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ALAB (Astera Labs)

Buy ALAB. Fundamentals are accelerating (revenue $79.9M in 2022 to $852M last FY; Q2 revenue +104% YoY to $392M; gross margin 73.3%; net income $153M). The market setup is also turning: rebound from ~$245 to ~$310, trying to clear the 50-day EMA and the 50% Fibonacci level, with a double-bottom reversal and a near-term breakout target around $367.

Key Risk: A major customer cuts spend or delays data-center buildouts, breaking the growth and forcing guidance down.

Semiconductor momentum basket

Buy a semis momentum ETF (e.g., SOXX) alongside ALAB. The article notes ALAB’s rebound is coinciding with other top semiconductor names; if ALAB breaks out, it typically pulls in “AI/data-center infrastructure” flows and lifts correlated winners in the same supply chain.

Key Risk: A broad risk-off move in semiconductors (rates spike or AI/data-center demand fears) overwhelms stock-specific strength.

Astera Labs stock has remained under pressure in the past few months, moving from the year-to-date high of $498 to the current $300. It has crawled back this month, and this recovery will likely continue in the coming months as demand for its products continues rising. 

Astera Labs is a top American company started in 2017 by former Texas Instruments engineers who noted that, while processors in data centers were getting faster, the technologies linking them were not keeping pace.

The three engineers have built products that address these issues and is benefiting from the ongoing data center rollout in the United States and other countries. It counts Amazon as its biggest client, with 86% of its revenue coming from its three largest clients. 

This client concentration is a major risk as losing one client would have a significant impact on its business. However, it also creates an opportunity to add more companies in the data center industry.

Astera Labs business has been growing at a significant rate in the past few years. Its revenue jumped from $79.9 million in 2022 to $852 million in the last financial year. Its recent results showed that its revenue rose by 104% YoY in the second quarter to $392 million.

In other words, the company’s revenue in Q2 was $2 million lower than what it made in the whole of 2024. This growth is expected to continue as its Scorpio fabric switches becomes the largest product family, passing its Aries family. 

Its revenue growth coincided with that of its profits. Its gross margin rose to 73.3%, while its net income jumped to $153 million. The management expects that Astera Labs’ business will continue thriving in the coming months. Its quarterly revenue is expected to be between $540 million and $560 million. 

Analysts, on the other hand, expect that its third quarter will be $550 million, representing a 138% annual growth. For the year, revenue is expected to jump to $1.86 billion, followed by $2.19 billion.

This growth explains why many analysts are bullish on Astera Labs despite its stretched valuation. Northland Securities analysts see the stock rising from the current $310 to $350, while TD Cowen sees it hitting $375. Roth Capital sees the shares rising to $450. 

ALAB stock chart | Source: TradingView

The daily chart shows that the ALAB stock has rebounded from the July low of $245 to the current $310. This rebound has coincided with that of other top names in the semiconductor industry. 

The stock is now attempting to move above the 50-day Exponential Moving Average and the 50% Fibonacci Retracement level. There are signs that it has formed a double bottom pattern, which is a bullish reversal pattern.

Therefore, the stock will likely have a strong bullish breakout in the near term. The initial target will be at $367, its highest level on August 4 this year.

U.S. Bankruptcy Court approves the sale of the Jefferson County Metallurgical Complex to Silver Bow Mining under Section 363 of the U.S. Bankruptcy Code.

BUTTE, Mont.--(BUSINESS WIRE)--Silver Bow Mining Corp. (NYSE American: SBMT) ("Silver Bow Mining" or the "Company") announces that on September 4, 2026, the U.S. Bankruptcy Court for the District of Montana entered an order approving the sale of specified assets of Montana Tunnels Mining, Inc. referred to as the Jefferson County Metallurgical Complex (the “Complex”) to Silver Bow Mining and its wholly owned subsidiary, Silver Bow Tunnels Corp., pursuant to Sections 105(a) and 363 of the U.S. Bankruptcy Code. The Company has also completed the initial closing (the "Initial Closing") contemplated by the definitive asset purchase agreement (the “Definitive Agreement”) announced by the Company on August 24, 2026.

"Bankruptcy Court approval and completion of the Initial Closing mark an important step toward securing strategic processing infrastructure in Montana," said Travis Naugle, Chairman and Chief Executive Officer of Silver Bow Mining.

Share Prior to the Initial Closing, the Company had funded approximately US$28.58 million into an escrow account to satisfy specified creditor obligations associated with the acquired assets, including approximately US$4.27 million in respect of amounts owing to Jefferson County, Montana and approximately US$20.78 million in respect of specified obligations owing to the Montana Department of Environmental Quality. Release of funds to all creditors will occur over the course of a few days as payment instructions are finalized. As part of the Initial Closing, the Company has delivered instructions to the escrow agent to release funds to satisfy specified creditor obligations. In consideration of the direction to release the funds from escrow, Montana Goldfields, Inc. issued the Company a senior secured note, guaranteed by Montana Tunnels Mining, Inc. and secured against real property interests, fixtures and tangible personal property at the Complex.

The Initial Closing does not constitute the transfer of ownership of the Complex to Silver Bow Mining. The Company expects to acquire ownership of the Complex at the final closing contemplated by the Definitive Agreement (the “Final Closing”), subject to the satisfaction or waiver of applicable customary closing conditions, including the approval of the shareholders of the Company of the issuance of common shares underlying contingent value rights and the approval of the NYSE American stock exchange, as detailed in the Company’s August 24, 2026 news release.

"Bankruptcy Court approval and completion of the Initial Closing mark an important step toward securing strategic processing infrastructure in Montana," said Travis Naugle, Chairman and Chief Executive Officer of Silver Bow Mining. "Our primary focus remains advancing the Rainbow Block, while we work through the remaining approvals and undertake the technical, regulatory and site work required to evaluate the Complex and its potential role in our longer-term development plans. We believe the transaction can provide meaningful flexibility as we pursue responsible growth and long-term value for our shareholders and Montana stakeholders."

About Silver Bow Mining Corp.

Silver Bow Mining is a minerals exploration company advancing the high-grade Rainbow Block Silver-Zinc Project in Montana's historic Butte Mining District, while targeting a broader suite of U.S.-designated Critical Minerals including lead, copper, manganese, germanium, gallium, indium, antimony, and bismuth. The Company holds approximately 4,210 acres of patented mineral claims and approximately 1,427 acres of surface lands across multiple claim blocks in Silver Bow County, Montana.

On Behalf of Silver Bow Mining Corp.,
Travis Naugle, Chairman and Chief Executive Officer

Additional Information and Where to Find It

This news release may be deemed to be solicitation material in respect of the proposed shareholders meeting of Silver Bow Mining to approve the issuance of the CVRs and the underlying common shares. In connection with the proposed shareholders meeting, Silver Bow Mining intends to file relevant materials with the U.S. Securities and Exchange Commission (the “SEC”), including Silver Bow Mining’s proxy statement in preliminary and definitive form. INVESTORS AND SHAREHOLDERS OF SILVER BOW MINING ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING SILVER BOW MINING’S PROXY STATEMENT (WHEN THEY ARE AVAILABLE), BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE SHAREHOLDER APPROVAL BEING REQUESTED. Investors and shareholders of Silver Bow Mining are or will be able to obtain these documents (when they are available) free of charge from the SEC’s website at www.sec.gov, or free of charge from Silver Bow Mining under the “Investors” section of Silver Bow Mining’s website at www.silverbowmining.com/investors or by sending a request by e-mail to [email protected] or by mail to 1401 Idaho Street, Butte, Montana 59701, attention: Corporate Secretary.

Participants in the Solicitation

Silver Bow Mining and certain of its directors and executive officers may, under SEC rules, be deemed to be participants in the solicitation of proxies from Silver Bow Mining shareholders in connection with the proposed transaction. Information about the Company's directors and executive officers is available in the Company's registration statement on Form S-1/A filed with the SEC on April 21, 2026 and in subsequent beneficial ownership reports filed with the SEC. Additional information concerning the interests of participants in the solicitation, which may differ from those of shareholders generally, will be included in the proxy statement relating to the proposed shareholder approval when it becomes available.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and the U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). All statements, other than statements of historical fact, that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “target,” “will” and similar expressions, as well as statements that certain actions, events or results may, could, should, would or will occur or be achieved, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.

Forward-looking statements in this news release include, but are not limited to, statements regarding: the completion and timing of the Final Closing; the satisfaction or waiver of the remaining closing conditions; implementation of the Sale Order and completion of any remaining steps in the Chapter 11 process; the disbursement of amounts from the escrow account and satisfaction of specified creditor obligations; receipt of shareholder, NYSE American, governmental and other required approvals; the acquisition and transfer of the specified assets comprising the Jefferson County Metallurgical Complex; the status, transfer, replacement or amendment of applicable permits, licenses, registrations, authorizations and certifications; the issuance and potential conversion of the contingent value rights and the listing of the common shares underlying the contingent value rights; the toll-milling, royalty and net profits interest arrangements; the condition, capabilities and potential uses of the Complex; the technical, regulatory and site work required to evaluate the Complex; the potential suitability of the Complex’s milling and flotation circuits for processing Rainbow Block mineralization; potential development pathways for the Rainbow Block; the M-Pit feasibility work program and the timing, completion and results of the M-Pit Feasibility Study; the Clancy Creek Bypass Channel program; any future construction, integration, restart, development or production decision; the availability of financing for future evaluation, maintenance, development or operation of the Complex; and the anticipated strategic benefits of the transaction.

Forward-looking statements are based on the Company’s current expectations, estimates, projections, assumptions, and beliefs as of the date of this news release. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, but are not limited to: failure to complete the Final Closing on the terms described or at all; failure to satisfy or obtain a waiver of the remaining closing conditions; delays or difficulties in implementing the Sale Order or completing the remaining steps in the Chapter 11 process; failure to obtain shareholder, NYSE American, governmental or other required approvals; delays in the disbursement of funded amounts or satisfaction of specified creditor obligations; exclusions, exceptions or limitations affecting the assets and property interests being acquired, including mineral, royalty and leasehold interests; the status, availability and transferability of permits, licenses and other authorizations; the adequacy and cost of required financial assurance; environmental, reclamation and other legacy liabilities; governmental enforcement actions and the exercise of governmental police and regulatory authority; title defects and competing claims affecting the assets; the condition, integrity, capacity and operating capabilities of the Complex and its infrastructure; unanticipated maintenance, rehabilitation, capital or operating costs; the results of technical, engineering, environmental and feasibility studies; the suitability of the Complex for processing Rainbow Block mineralization; the availability of capital and the Company’s ability to obtain financing on acceptable terms or at all; commodity-price fluctuations; litigation; risks relating to the issuance and conversion of the CVRs; risks associated with the Company’s exploration activities and mineral claims in Montana; and the inherently hazardous nature of mineral exploration, development, processing and mining-related activities.

Additional risk factors are discussed under the headings “Forward-Looking Statements” and “Risk Factors” in the Company’s Registration Statement on Form S-1, as amended, filed with the U.S. Securities and Exchange Commission on April 21, 2026, the Company’s Canadian prospectus dated April 29, 2026 and filed on SEDAR+, and the Company’s other filings with U.S. and Canadian securities regulatory authorities.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in the forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

More News From Silver Bow Mining Corp.

EchoStar (NASDAQ:ECHO) shares got a boost Tuesday after UBS resumed coverage of the stock with a Buy rating and a $150 price target, sending the stock up 4.2%.

The UBS upgrade reflects EchoStar's transformation from wireless operator to investment vehicle, following the company's sale of 75-80% of its spectrum portfolio for roughly $43 billion.EchoStar is set to hold a 2% stake in SpaceX, equal to about 262 million shares, once its pending spectrum transaction closes. The deal is expected to close in November 2027 and has already received FCC approval. UBS valued that stake at roughly $39 billion, or $110 per EchoStar share, based on the current SpaceX stock price, and at $55 billion, or $156 per share, using the firm's $210 SpaceX price target.

UBS noted EchoStar was granted the SpaceX shares at a roughly $11 billion valuation before SpaceX's IPO.

The firm valued EchoStar's remaining spectrum holdings at approximately $11 billion based on recent transaction precedents.

UBS said EchoStar's remaining AWS-3 holdings are the most valuable of the group given their compatibility with existing carrier infrastructure, while its 700 MHz E-Block holdings align most closely with spectrum held by AT&T and its CBRS holdings align with spectrum held by Verizon and cable operators.

Analysts believe EchoStar's TV and Hughes businesses are worth $6 billion combined (though they carry $15 billion in debt), while its Boost wireless business is worth about $2 billion.

UBS said cash proceeds of approximately $31.5 billion from EchoStar's spectrum deals with AT&T and SpaceX, before taxes, will likely be used to repay debt and fund potential future investments in the telecom, aerospace and defense industries.

Apple just delivered its strongest June quarter ever, and one investor sees a clear path to $400 that gets easier to defend with every earnings report. Here is what the numbers reveal that Wall Street might still be underpricing.

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I keep hitting the buy button on Apple (NASDAQ:AAPL | AAPL Price Prediction) because the math on a re-rating toward $400 keeps getting easier to defend, and every quarter Tim Cook hands me another reason to add. Shares closed at $319.97 on September 4, 2026, up 33.94% over the past year, and I am still adding.

Why I Keep Coming Back to the Same Ticker My thesis is simple. Apple runs a dual-engine business where a $54 billion hardware quarter now travels with a services annuity that keeps setting records, and management is retiring the share count fast enough to lift per-share earnings even in a flat quarter. That combination is what I keep paying for.

The Q3 FY26 report backs it up. Revenue landed at $109.42B, up 16.36% YoY, EPS came in at $2.02 vs $1.89 consensus, and that was the 9th straight EPS beat. iPhone revenue was $54.25B against $44.58B a year prior, and Services printed $30.74B. Cook called it “our strongest June quarter ever”, and this time the superlative fit.

Three Receipts That Keep Me Adding First, the Services engine. A 75.6% Services gross margin on $30.74B of quarterly revenue is a software business hiding inside a hardware wrapper, and paid subscriptions surpassed 1.5 billion. That is recurring income that compounds.

Second, the capital return program is doing the heavy lifting on per-share math. The board authorized a new $100 billion buyback and a 4% dividend increase in Q2 FY26. Apple has already repurchased $62.094B in the first nine months of FY26, on top of $90.711B in FY25 buybacks. The quarterly dividend sits at $0.27.

Third, the installed base of 2.5 billion+ active devices is the moat. Return on equity of 171.42% and return on invested capital of 53.35% tell you what that base does to profitability.

Path to $400 Written in the Estimates Analysts now model $9.5329 in FY27 EPS across 39 analysts. Our internal five-year base case models a final price of $508.47, with a bull case of $518.38 and a bear case ending at $358.68. That is the asymmetry I want in a core retirement holding.

Risk I Will Not Wave Away Q3 gross margin got a one-time lift from tariff refunds worth roughly two percentage points and 11 cents of EPS. Strip that out and next year’s comparisons get harder. Memory pricing is what Cook flagged as “a 100-year flood on the memory pricing with exponential increases in memory prices”. Valuation is rich too, with a P/FCF of 47 and a yield of only 0.33%.

My thesis holds. Apple guided September-quarter revenue growth of 9% to 11% even with a 2.5 percentage point FX headwind, and iPhone and Mac demand is running so hot that Cook called the supply crunch “a demand forecast issue”. That is the problem I want a company I own to have.

Why the Buy Button Stays Active Services keep compounding, the buyback keeps shrinking the float, the installed base keeps feeding both. When a business earns $29.79B in a quarter and hands back $33 billion to shareholders, patience is the only edge I need. I plan to keep accumulating until $400 stops looking like a floor.

Contact [email protected] for any questions or corrections.

West Virginia's attorney general just called Meta's $17 billion child safety settlement a smart business move, then pointed directly at Apple as the next target. What he says Apple's iCloud is hiding could upend the privacy brand Tim Cook spent…

On the morning John Ternus took over as Apple CEO, the most consequential headline about the company had nothing to do with the iPhone cycle or Siri AI. It came from a CNBC Squawk Box interview on September 1, 2026, where West Virginia Attorney General JB McCuskey called Meta Platforms (NASDAQ:META | META Price Prediction)’ recent $17 billion child-safety settlement “a very smart business decision,” naming Apple (NASDAQ:AAPL) as the next platform in the crosshairs. His warning to the remaining defendants was blunt: the last company to settle gets hit hardest.

That message landed on a market that is not listening. Apple is up 16.3% year to date and roughly 33% over the past year, trading around $316.29 with a $4.6 trillion market cap. Meta shares, by contrast, are down 18.4% over the past year after absorbing a legal charge that snapped a six-quarter earnings streak.

Meta Wrote the Template. It Was Expensive. Meta disclosed the damage in its Q2 2026 report on July 29, 2026: revenue of $60.80 billion, up 28% year over year, wrecked at the bottom line by $2.40 billion in legal charges tied to youth-related litigation. Diluted EPS came in at $6.18 versus $7.22 consensus, a 14.42% miss. Meta lifted the low end of full-year expense guidance to $165 to $169 billion specifically to absorb the charge.

The money is only half of the tale. According to McCuskey, the injunctive relief in the Meta deal imposes daily time limits, blocks platform use during school hours and overnight, and forces 15-minute breaks after one continuous hour of use. Roughly $5 billion of the $17 billion is contingent on YouTube and TikTok adopting similar restrictions, giving the state coalition, in McCuskey’s phrase, “all the ammunition in the world” to bring the rest of the industry to the table. CEO Mark Zuckerberg made his case in an open letter to rivals.

Apple’s Cloud Is the Alleged Weak Spot The specific claim McCuskey aimed at Apple is narrower than Meta’s algorithmic-harm case and, if the states prevail, harder to defend. He alleged that iCloud is the only major cloud platform that does not permit FBI and law enforcement searches for child sexual abuse material, citing roughly 200 reports from Apple’s cloud versus 600 million found within Google’s. The gap is the argument.

Apple has not disclosed a reserve. On the company’s July 30, 2026 earnings call, former CEO Tim Cook pitched the WWDC26 rollout of “Ask to Browse” and “Time Allowances” as tools to help parents “encourage kids to develop healthy digital habits;” filings continue to flag “effects of unfavorable legal proceedings and complex regulations” in generic terms. There is no line item that resembles Meta’s $2.4 billion hit.

What to Watch Next Apple’s balance sheet can absorb a Meta-sized number. $147 billion in cash and marketable securities against $29.8 billion in quarterly net income makes a headline settlement a rounding error. The injunctive piece is the risk retail holders should sit with. If a coalition of state AGs forces Apple to open iCloud to law enforcement scanning, the privacy positioning Cook has spent a decade building becomes a liability rather than a moat. Watch for two things over the next two quarters: any new legal-reserve disclosure in Apple’s next 10-Q, and whether McCuskey’s coalition files a coordinated complaint or announces a tolling agreement. Silence from Cupertino signals a bet that the states blink first.

Contact [email protected] for any questions or corrections.

Meta on Tuesday rolled out Muse, an artificial intelligence agent that acts as a personal digital assistant by autonomously using software apps and websites on behalf of people.

It is one of the first times that a major tech company has introduced a mass market agent, which is a type of A.I. that researchers predict will become more sophisticated than simple chatbots. Many agents can already do the tasks of office workers, like filling out spreadsheets. But while A.I. agents like OpenClaw are a popular tool among developers and programmers, they have yet to catch on widely.

Muse can be spoken to as if it were a chatbot and instructed to send emails, book travel reservations, make online purchases and do more through an app or through WhatsApp, which Meta owns, the company said. Muse also connects to Meta’s other apps, like Instagram and Facebook, to learn more about its user. And it can be linked to third-party apps like Spotify, Ticketmaster, Shopify, Gmail and OpenTable.

Mark Zuckerberg, Meta’s chief executive, has described Muse as Meta’s next breakthrough, which works “24/7 on your behalf to help achieve your goals and improve your life, your health, your relationships, your finances.”

Muse is among the first significant consumer A.I. products created by Meta Superintelligence Labs, which Mr. Zuckerberg established last year to propel his company forward in the A.I. race. Meta has been spending billions of dollars to develop foundational A.I. models and to build data centers so that it can compete with Google, OpenAI, Anthropic and others on the cutting edge of the rapidly evolving technology.

So far, Meta has had hits and misses. Products like its A.I. smart glasses have sold millions of pairs while stoking privacy concerns. In July, the company temporarily took down its Instagram A.I. image generator after widespread criticism about copyright and privacy.

The Muse app is free but has limits on usage, which people pay $20 or $100 a month to increase. The agent is only for adults and can be given a custom name and avatar.

When people link their accounts from OpenTable or Ticketmaster to Muse, it can send messages about upcoming concert tickets or restaurant reservations if it thinks its user might be interested, and book them with one click. Muse also connects to Stripe and Shopify, allowing it to make purchases on someone’s behalf. Muse is the first A.I. agent to be covered by Stripe’s warranties and return policy, in case it makes a purchasing mistake, Meta said.

Since A.I. is not foolproof, Meta says that the agent “will sometimes make mistakes” but that it was designed to “help the user stay in control without being overwhelmed.” The Silicon Valley company has created a program so people can report bugs in Muse for a reward. Meta has also said personal data collected by Muse, as well as the agent itself, is securely stored on its cloud servers and hardware.

The agent is powered by Muse Spark, the A.I. model that Meta released in April. The model was Meta’s first developed under Alexandr Wang, the company’s 29-year-old chief A.I. officer, whom Mr. Zuckerberg hired to remake the division last summer.

Muse Spark trails leading models from Anthropic and OpenAI, but Meta plans to release a more powerful model, internally called Watermelon, as soon as next month.

Meta said it also planned to add more features to Muse in the coming months, including integrating it with its smart glasses that have a camera and a voice assistant.

Tesla's August numbers out of China signal trouble for a company already struggling to find a win in 2026, and the problems extend well beyond one month of weak demand.

Tesla (NASDAQ: TSLA | TSLA Price Prediction) got some bad news. Its retail sales in China fell 12.4% in August. China is by far the world’s largest EV market. Tesla sales dropped to 50,047, according to the China Passenger Car Association (CPCA). It was Tesla’s weakest August since 2022. The Shanghai factory exported 36,119 vehicles, which was a positive sign.

Tesla’s sales are likely being pulled down because of an overall weak market in China. Across the industry, domestic sales cratered 24% to 1.54 million units.

While the export news was good for Tesla, EV companies need China because of the market’s huge volume. To keep pace with its second quarter, it needs to produce over 450,000 vehicles and deliver over 480,000 vehicles worldwide. Since the US EV market has been weak so far this year, EU and UK sales must make up the difference. Those markets are too small.

The China figures raise the question once again about how important EV sales are to Tesla’s future. Its performance in its home market will not save what is likely to be a down year for global sales. EV reports note, “In the first half of the year, Tesla moved an estimated 234,425 vehicles in the US, roughly 40,200 fewer than the 274,638 sold in the same period of 2025 — a decline of approximately 14.6%.”

Tesla’s appeal to the investment community is that products beyond EVs are the key to the future, that EV sales won’t lift the company’s revenue, and that CEO Elon Musk says other prospects are much larger. An update on its Cybercab was weak enough to drag the stock down 6%, which puts it down 21% for the year. The S&P 500 is 13% higher.

If Tesla’s autonomous driving cab were the only option for this kind of transportation, the market might view it differently. However, several similar products exist, led by Google’s Waymo. The entire industry is also hampered by slow approval from local authorities to operate on the road without restrictions.

Tesla needs a “win” this year, and so far it hasn’t gotten one.

Contact [email protected] for any questions or corrections.