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, /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced the commencement of cash tender offers ("Tender Offers") to purchase up to an aggregate principal amount that will not result in an aggregate purchase price that exceeds $2 billion (subject to increase or decrease by ONEOK, the "Aggregate Maximum Tender Amount") of its outstanding debt securities of the 20 series listed in the table below (the "Notes" and, each series, a "series of Notes"), subject to the order of priority (the "Acceptance Priority Levels") as set forth in the table below under "Acceptance Priority Level." The Tender Offers form part of the previously-announced repayment plan to repurchase or repay $5 billion of ONEOK's senior debt.

The price offered in the Tender Offers and other information relating to the Tender Offers are set forth in the table below.

Acceptance
Priority
Level(1)

Title of
Notes

Issuer

Principal
Amount
Outstanding
(in millions)

CUSIP
Number

Par Call
Date(2)

Maturity Date

Reference
U.S.
Treasury
Security (3)

Bloomberg
Reference
Page(3)

Fixed
Spread
(Basis
Points)

Early
Tender
Premium(4)

1

3.950% Senior
Notes due 2050

ONEOK, Inc.

$797

682680CA9

September 1, 2049

March 1, 2050

5.000% UST due
May 15, 2056

FIT1

+ 100

$50

2

4.200% Senior
Notes due 2047

ONEOK, Inc.

$500

682680BY8

April 3, 2047

October 3, 2047

5.125% UST due
August 15, 2046

FIT1

+ 95

$50

3

4.500% Senior
Notes due 2050

ONEOK, Inc.

$271

682680BC6

September 15, 2049

March 15, 2050

5.000% UST due
May 15, 2056

FIT1

+ 105

$50

4

4.200% Senior
Notes due 2045

ONEOK, Inc.

$250

682680BW2

September 15, 2044

March 15, 2045

5.125% UST due
August 15, 2046

FIT1

+ 100

$50

5

4.250% Senior
Notes due 2046

ONEOK, Inc.

$500

682680BX0

March 15, 2046

September 15, 2046

5.125% UST due
August 15, 2046

FIT1

+ 95

$50

6

4.450% Senior
Notes due 2049

ONEOK, Inc.

$380

682680AZ6

March 1, 2049

September 1, 2049

5.125% UST due
August 15, 2046

FIT1

+ 100

$50

7

4.200% Senior
Notes due 2042

ONEOK, Inc.

$250

682680BU6

June 1, 2042

December 1, 2042

5.125% UST due
August 15, 2046

FIT1

+ 95

$50

8

4.850% Senior
Notes due 2049

ONEOK, Inc.

$500

682680BZ5

August 1, 2048

February 1, 2049

5.125% UST due
August 15, 2046

FIT1

+ 100

$50

9

4.950% Senior
Notes due 2047

ONEOK, Inc.

$407

682680AT0

January 13, 2047

July 13, 2047

5.125% UST due
August 15, 2046

FIT1

+ 100

$50

10

5.050% Senior
Notes due 2045

ONEOK, Inc.

$413

682680CY7

October 1, 2044

April 1, 2045

5.125% UST due
August 15, 2046

FIT1

+ 95

$50

11

5.200% Senior
Notes due 2048

ONEOK, Inc.

$753

682680AV5

January 15, 2048

July 15, 2048

5.125% UST due
August 15, 2046

FIT1

+ 95

$50

12

5.150% Senior
Notes due 2043

ONEOK, Inc.

$550

682680BV4

April 15, 2043

October 15, 2043

5.125% UST due
August 15, 2046

FIT1

+ 90

$50

13

5.450% Senior
Notes due 2047

ONEOK, Inc.

$448

682680DA8

December 1, 2046

June 1, 2047

5.125% UST due
August 15, 2046

FIT1

+ 100

$50

14

5.700% Senior
Notes due 2054

ONEOK, Inc.

$1,480

682680CF8

May 1, 2054

November 1, 2054

5.000% UST due
May 15, 2056

FIT1

+ 110

$50

15

5.850% Senior
Notes due 2064

ONEOK, Inc.

$722

682680CG6

May 1, 2064

November 1, 2064

5.000% UST due
May 15, 2056

FIT1

+ 120

$50

16

5.600% Senior
Notes due 2044

ONEOK, Inc.

$340

682680CW1

October 1, 2043

April 1, 2044

5.125% UST due
August 15, 2046

FIT1

+ 100

$50

17

3.100% Senior
Notes due 2030

ONEOK, Inc.

$780

682680BB8

December 15, 2029

March 15, 2030

4.375% UST due
August 31, 2031

FIT1

+ 35

$50

18

3.250% Senior
Notes due 2030

ONEOK, Inc.

$500

682680BS1

March 1, 2030

June 1, 2030

4.375% UST due
August 31, 2031

FIT1

+ 35

$50

19

3.400% Senior
Notes due 2029

ONEOK, Inc.

$714

682680AY9

June 1, 2029

September 1, 2029

4.250% UST due
August 15, 2029

FIT1

+ 30

$50

20

5.050% Senior
Notes due 2034

ONEOK, Inc.

$1,600

682680CE1

August 1, 2034

November 1, 2034

4.625% UST due
August 15, 2036

FIT1

+ 75

$50

(1)

Subject to the satisfaction or waiver of the conditions of the Tender Offers described in the Offer to Purchase, including the Aggregate Maximum Tender Amount and proration, the principal amount of each series of Notes accepted for purchase will be determined in accordance with the applicable Acceptance Priority Level specified in the table above (with 1 being the highest Acceptance Priority Level and 20 being the lowest Acceptance Priority Level). Notes tendered at or prior to the Early Tender Deadline will be accepted for purchase in priority to Notes tendered after the Early Tender Deadline, regardless of the Acceptance Priority Level of such later-tendered Notes, as described in the Offer to Purchase under "Description of the Offers—Aggregate Maximum Tender Amount; Acceptance Priority Levels; Proration."

(2)

For each series of Notes in respect of which a par call date is indicated, the calculation of the applicable Early Tender Consideration (as defined below) will be performed taking into account such par call date. See Annex A to the Offer to Purchase for an overview of the calculation of the Early Tender Consideration (including the par call detail) with respect to the Notes.

(3)

The Early Tender Consideration for each series of Notes payable per each $1,000 principal amount will be based on the fixed spread specified in the table above (the "Fixed Spread") for such series of Notes, plus the yield of the specified Reference Security for that series as quoted on the Bloomberg reference page specified in the table above as of 9:00 a.m., New York City time, on the business day following the Early Tender Deadline, unless extended (such date and time, as the same may be extended, the "Price Determination Date"). Notes validly tendered at or prior to the Early Tender Deadline (and not validly withdrawn) and accepted for purchase will receive the applicable Early Tender Consideration. Notes tendered after the Early Tender Deadline but at or prior to the Expiration Time and accepted for purchase will receive the applicable Early Tender Consideration minus the applicable Early Tender Premium. The applicable Accrued Coupon Payment will be payable in cash in addition to the applicable Early Tender Consideration or Tender Offer Consideration, as applicable.

(4)

Per $1,000 principal amount of Notes.

The Tender Offers are being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated August 30, 2026 (as the same may be amended or supplemented from time to time, the "Offer to Purchase"). The Tender Offers are open to all holders (the "Holders") of the Notes. ONEOK reserves the right, but is under no obligation, to increase the Aggregate Maximum Tender Amount at any time, including on or after the Price Determination Date (as defined below), without extending withdrawal rights except as required by law. Notes of a series may be subject to proration (as described in the Offer to Purchase) if the aggregate principal amount of the Notes of such series validly tendered and not validly withdrawn would cause the Aggregate Maximum Tender Amount to be exceeded.

Subject to the terms and conditions of the Tender Offers, each Holder who validly tenders and does not subsequently validly withdraw its Notes at or prior to 5:00 p.m., New York City time, on September 14, 2026 (the "Early Tender Deadline") will be entitled to receive the applicable Early Tender Consideration (the "Early Tender Consideration") of the Notes accepted for purchase, plus accrued and unpaid interest up to, but not including, the Early Settlement Date (as defined below) if and when such Notes are accepted for payment. The Early Tender Consideration for each series of Notes validly tendered and accepted for purchase will be determined in the manner described in the Offer to Purchase by reference to the applicable fixed spread over the yield to maturity based on the bid side price of the applicable Reference U.S. Treasury Security specified in the table above and in the Offer to Purchase. In calculating the applicable Early Tender Consideration for a series of Notes, the application of the par call date will be in accordance with standard market practice. Holders who validly tender their Notes after the Early Tender Deadline but at or prior to 5:00 p.m., New York City time, on September 29, 2026, or such other date as ONEOK extends the Tender Offers (such date and time, as it may be extended, the "Expiration Time") will be entitled to receive only the applicable tender offer consideration (the "Tender Offer Consideration") equal to the applicable Early Tender Consideration less the applicable Early Tender Premium, plus accrued and unpaid interest up to, but not including, the applicable settlement date, if and when such Notes are accepted for payment. The Early Tender Consideration and Tender Offer Consideration will be determined at 9:00 a.m., New York City time, September 15, 2026, unless extended by ONEOK (the "Price Determination Date").

Payments for the Notes purchased will include accrued and unpaid interest from and including the last interest payment date applicable to the relevant series of Notes up to, but not including, the applicable settlement date for such Notes accepted for purchase. The settlement date for the Notes that are validly tendered at or prior to the Early Tender Deadline is expected to be September 17, 2026, three business days following the scheduled Early Tender Deadline (the "Early Settlement Date"). The settlement date for the Notes that are validly tendered following the Early Tender Deadline but at or prior to the Expiration Time is expected to be October 1, 2026, two business days following the scheduled Expiration Time (the "Final Settlement Date").

Subject to the Aggregate Maximum Tender Amount and proration, all Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline having a higher Acceptance Priority Level (with 1 being the highest) will be accepted before any validly tendered Notes having a lower Acceptance Priority Level (with 20 being the lowest), and all Notes validly tendered following the Early Tender Deadline having a higher Acceptance Priority Level will be accepted before any Notes validly tendered following the Early Tender Deadline having a lower Acceptance Priority Level. If the Tender Offers are not fully subscribed at the Early Tender Deadline, subject to the Aggregate Maximum Tender Amount and proration, Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline will be accepted for purchase in priority to Notes validly tendered following the Early Tender Deadline even if such Notes validly tendered following the Early Tender Deadline have a higher Acceptance Priority Level than Notes validly tendered at or prior to the Early Tender Deadline.

If the Tender Offers are fully subscribed at the Early Tender Deadline, Holders who validly tender Notes following the Early Tender Deadline but at or prior to the Expiration Time will not have any of their Notes accepted for purchase regardless of their Acceptance Priority Level.

ONEOK's obligation to accept for purchase, and to pay for, the Notes validly tendered pursuant to the Tender Offers is subject to, and conditioned upon, among other things, the consummation of the previously announced minority equity investment in ONEOK by Apollo Global Management, Inc. (the "Minority Equity Investment") and the related series of reorganization transactions described in the Offer to Purchase (the "Reorganization Transactions"), including the merger of ONEOK with and into a newly formed successor issuer, Falcon Merger Sub, L.L.C. ("Falcon Merger Sub"), a newly formed Oklahoma limited liability company and wholly owned subsidiary of Falcon TopCo, Inc. ("Falcon TopCo"), an Oklahoma corporation, with Falcon Merger Sub surviving the merger. Upon effectiveness of the Reorganization Transactions, Falcon Merger Sub will be renamed "ONEOK, L.L.C." and Falcon TopCo will be renamed "ONEOK, Inc." (the effective date of the Reorganization Transactions, the "Reorganization Date"). From and after the Reorganization Date, references herein to "ONEOK" shall be deemed to refer to ONEOK, L.L.C., and all notes previously issued by ONEOK or ONEOK Partners, L.P. will be assumed by ONEOK, L.L.C. and guaranteed by ONEOK, Inc. The Tender Offers are not contingent upon the tender of any minimum principal amount of the Notes.

Following the commencement of the Tender Offers, ONEOK intends, but is not obligated to, issue a notice of redemption for all of its 5.550% Senior Notes due 2026 and a portion of its 4.250% Senior Notes due 2027, up to an aggregate amount of approximately $250 million. Any such redemption would be made in accordance with the terms of the applicable indenture pursuant to which such Notes were issued, which provides for a make-whole redemption price as described therein. Neither this statement of intent nor similar statements of such intent included elsewhere in this press release shall constitute a notice of redemption under any indenture. Any such notice, if made, will only be made in accordance with the provisions of the applicable indenture.

ONEOK or its affiliates may from time to time purchase additional Notes in the open market, in privately negotiated transactions, through tender offers, exchange offers or otherwise, or ONEOK may redeem Notes pursuant to the terms of the applicable indenture governing each series of Notes. Any future purchases 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 Offers and, in either case, could be for cash or other consideration. Any future purchases 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) ONEOK will 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 Offers.

ONEOK has retained Barclays Capital Inc. to serve as Dealer Manager for the Tender Offers. D.F. King & Co., Inc. has been retained to serve as the Information and Tender Agent for the Tender Offers. Questions regarding the Tender Offers may be directed to Barclays Capital Inc. at 745 Seventh Avenue, 5th Floor, New York, New York 10019, (800) 438-3242. Requests for the Offer to Purchase may be directed to D.F. King & Co., Inc. at 28 Liberty Street, 53rd Floor, New York, New York 10005, (646) 690-9645 (for banks and brokers) or (800) 967-7510 (for all others), or by email ([email protected]). ONEOK is making the Tender Offers only by, and pursuant to, the terms of the Offer to Purchase. None of ONEOK, the Dealer Manager, or the Information and Tender Agent make any recommendation as to whether Holders should tender or refrain from tendering their Notes. Holders must consult their own investment and tax advisors and make their own decisions as to whether to tender their Notes and, if so, the principal amount of the Notes to tender. The Tender Offers are not being made to holders of the Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offers to be made by a licensed broker or dealer, the Tender Offers will be deemed to be made on behalf of ONEOK by the Dealer Manager, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.        

At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest integrated energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world.

ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma.

For information about ONEOK, visit www.oneok.com. For the latest news, visit the ONEOK newsroom or find us on LinkedIn, Facebook, X and Instagram.

This communication contains "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. All statements, other than statements of historical fact, included in this communication that address activities, events or developments that ONEOK expects, believes or anticipates will or may occur in the future are forward-looking statements.

Words such as "estimate," "project," "predict," "believe," "expect," "anticipate," "potential," "opportunity," "create," "intend," "could," "would," "may," "plan," "will," "guidance," "look," "goal," "target," "future," "build," "focus," "continue," "strive," "allow" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking.

These forward-looking statements include, but are not limited to, statements regarding timing and consummation of the purchase of the Notes, risks and uncertainties related to the satisfaction of the conditions to the consummation of the Minority Equity Investment and the Reorganization Transactions and other conditions related to the purchase of the Notes. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. These include the risk that changes in ONEOK's capital structure could have adverse effects on the market value of its securities; the risk that ONEOK may be unable to reduce expenses or access financing or liquidity; risks related to the impact of any economic downturn and any substantial decline in commodity prices; risks related to ONEOK's ability to effectively manage our expanded operations following closing of recent acquisitions and other important factors that could cause actual results to differ materially from those projected.

All such factors are difficult to predict and are beyond ONEOK's control, including those detailed in ONEOK's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that are available on ONEOK's website at www.oneok.com and on the website of the SEC at www.sec.gov. All forward-looking statements are based on assumptions that ONEOK believes to be reasonable but that may not prove to be accurate. Any forward-looking statement speaks only as of the date on which such statement is made, and ONEOK does not undertake any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

Contacts:

Investor Relations:
Megan Patterson
918-561-5325
[email protected] 

Media Relations: 
Alicia Keenom
918-861-3749
[email protected] 

SOURCE Oneok, Inc.

Shares of Huron Consulting Group Inc. (NASDAQ:HURN – Get Free Report) have been assigned a consensus rating of “Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $184.25.

HURN has been the subject of several research reports. Wedbush reissued an “outperform” rating and set a $160.00 price objective on shares of Huron Consulting Group in a report on Wednesday, May 6th. Zacks Research raised Huron Consulting Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Barrington Research reiterated an “outperform” rating on shares of Huron Consulting Group in a research report on Wednesday, June 17th. Truist Financial dropped their target price on Huron Consulting Group to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huron Consulting Group in a research report on Friday, August 7th.

Read Our Latest Report on Huron Consulting Group

Huron Consulting Group Stock Performance Shares of HURN stock opened at $159.84 on Monday. The firm has a market cap of $2.54 billion, a P/E ratio of 23.93 and a beta of 0.06. The business has a 50-day moving average price of $128.25 and a two-hundred day moving average price of $124.49. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.11. Huron Consulting Group has a 12-month low of $84.88 and a 12-month high of $186.77. Huron Consulting Group (NASDAQ:HURN – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.29. Huron Consulting Group had a return on equity of 32.33% and a net margin of 6.38%.The business had revenue of $475.04 million during the quarter, compared to analysts’ expectations of $448.98 million. During the same quarter last year, the business posted $1.89 EPS. The business’s revenue was up 15.7% on a year-over-year basis. Huron Consulting Group has set its FY 2026 guidance at 9.000-9.400 EPS. Equities analysts anticipate that Huron Consulting Group will post 9.18 EPS for the current fiscal year.

Insider Activity In other Huron Consulting Group news, insider Kyle Featherstone sold 459 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $152.67, for a total value of $70,075.53. Following the transaction, the insider directly owned 1,050 shares in the company, valued at $160,303.50. This represents a 30.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C. Mark Hussey sold 24,072 shares of Huron Consulting Group stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $165.59, for a total transaction of $3,986,082.48. Following the sale, the chief executive officer directly owned 74,399 shares of the company’s stock, valued at $12,319,730.41. This represents a 24.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in shares of Huron Consulting Group by 8,102.3% in the second quarter. California State Teachers Retirement System now owns 1,691,402 shares of the business services provider’s stock valued at $152,497,000 after purchasing an additional 1,670,781 shares during the period. BlackRock Inc. acquired a new stake in shares of Huron Consulting Group during the second quarter worth $125,191,000. Fiduciary Management Inc. WI purchased a new position in Huron Consulting Group in the 4th quarter valued at $90,661,000. UBS Group AG increased its stake in Huron Consulting Group by 271.0% in the 4th quarter. UBS Group AG now owns 422,719 shares of the business services provider’s stock valued at $73,092,000 after buying an additional 308,770 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of Huron Consulting Group in the 2nd quarter worth $16,090,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Huron Consulting Group Company Profile (Get Free Report)

Huron Consulting Group (NASDAQ:HURN) is a global professional services firm that advises organizations across a range of industries on strategy, operations and technology. Founded in 2002 and headquartered in Chicago, the company helps clients address complex business challenges such as performance improvement, digital transformation and organizational change. Huron’s consultants work alongside executive leadership teams to develop and implement tailored solutions that drive growth, increase efficiency and manage risk.

Huron’s service offerings encompass business and financial advisory, healthcare performance improvement, life sciences consulting, higher education and research lifecycle support, as well as legal and regulatory consulting.

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Former Visa executive Kathleen Pierce-Gilmore is three months into her new role as president of SoFi Technology Solutions. The premise guiding her strategy is that banks, credit unions and software platforms each know their customers in different ways, and SoFi can provide the financial technology to help them act on that knowledge.

For example, a community bank, credit union or software platform may have customer knowledge SoFi doesn’t. And SoFi Technology Solutions can provide the accounts, payments, lending and money-movement infrastructure behind the financial products they offer.

In short: apply a range of technology to different customer needs. Pierce-Gilmore discussed that approach in her first official interview in her new role, joining PYMNTS CEO Karen Webster for a Monday Conversation. Her shorthand for the model is to serve as she put it, as the “AWS of financial solutions.”

The analogy reflects that range SoFi has assembled. The company spans account and ledger capabilities, debit, credit and prepaid processing, lending through Peach, money movement including ACH, FedNow and wires, and functions such as fraud and disputes. Pierce-Gilmore’s objective is to make those capabilities usable in different combinations depending on what a client is trying to provide.

“Anytime someone is creating a financial solution, it is just a matter of putting certain ingredients together,” Pierce-Gilmore told Webster. The strategy depends in part on which customers need those ingredients and what they’re trying to build.

Pierce-Gilmore divides prospective customers into two broad groups. Community banks, credit unions and other financial institutions have financial services at the center of the customer relationship. A second group includes companies whose primary business is something else but whose relationship with customers can create a useful context for providing financial services.

A vertical software provider illustrates the difference. Pierce-Gilmore cited software used by her hairdresser that can see appointments, prices, repeat customers, employees and capacity. Those operating data can inform more than the initial decision to extend working capital. Pierce-Gilmore said the same context can inform repayment and forecasting, allowing the provider to serve the business with information a conventional financial provider may not have.

Banks and credit unions bring different advantages. A community bank may understand a particular geography and its businesses. A credit union may know members through an employer, profession or affinity. Pierce-Gilmore’s distinction isn’t about which model has better information. It is about recognizing that different customer relationships produce different information and therefore different requirements from the technology underneath the financial product.

That thinking is also informed by a recent setback.

SoFi’s Technology Platform business declined 23% year over year in the second quarter after losing a large client. Pierce-Gilmore said the client had made financial services central to its own business and eventually decided to build internally much of the technology it had previously obtained from SoFi.

“It did leave a hole,” she said.

Pierce-Gilmore said the experience has influenced how she thinks about customer segments. She wants clients whose need for outside technology can endure as they become larger and more sophisticated.

“We want to work with clients where it’s a very long-term partnership, where we can continue to support them as they grow and evolve,” she said.

Seeing the Technology From the Client Side Pierce-Gilmore’s new role has also changed her vantage point on a problem she encountered throughout her career: financial institutions can decide to modernize and still struggle with the execution.

SoFi is going through its own core conversion. Pierce-Gilmore now sits in internal meetings where product, technology and management teams are dealing with migration and regulatory requirements rather than seeing those issues only from the provider side.

“I get to be in the room when the client is going through this experience,” she told Webster. Pierce-Gilmore said SoFi Technology Solutions can incorporate what it learns into its own migration and compliance capabilities.

“Even when you have the courage and you are taking brave steps forward and you’re taking those risks, it’s really freaking hard,” Pierce-Gilmore said. “It’s complex. There’s a lot of pressures.”

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Webster asked how that experience changes Pierce-Gilmore’s responsibility for enabling not only SoFi but partners that want to provide financial capabilities within their own ecosystems.

The answer is showing up in practical requirements around migration, compliance and implementation.

Consumer behavior is changing the requirements as well.

SoFi Technology Solutions’ Q2 debit data point to consumers using debit across a wider range of purchases rather than separating debit and credit by category. Card-on-file represents 25% of transactions and more than 30% of debit dollars on the platform. The numbers point to another change in debit: more spending can originate from the account without the consumer making a fresh decision to present the card for every purchase.

Webster noted that debit itself now includes features that can alter how consumers use it, including rewards and the ability to pay over time.

Pierce-Gilmore puts those developments within a broader financial-health framework of “spending less than you make and investing the rest.” For providers, however, the immediate challenge is supporting more ways for consumers to use the same underlying account.

Artificial intelligence agents could add another variation.

Pierce-Gilmore doesn’t expect agentic commerce to require a separate payments architecture. She does expect existing systems to distinguish between transactions initiated by people and those initiated on their behalf by agents. Credentials, fraud controls and disputes are among the areas that could be affected.

Disputes provide a concrete example. Evidence used to resolve a claim today can include what a consumer ordered, what a merchant delivered and records surrounding the transaction. Delegating the purchase to an AI agent changes the record of who made which decision.

“When it’s an agent, it’s a different kind of evidence,” Pierce-Gilmore said.

Pierce-Gilmore expects the next six to 12 months to begin showing whether the pieces she calls financial “ingredients” can work as the broader platform she envisions. She wants live examples of clients using combinations of SoFi Technology Solutions’ capabilities to serve customers they already know.

Watch the full interview with Kathleen Pierce-Gilmore to learn more about:

How customer data held by software platforms can inform financial products for small businesses. What SoFi’s own core conversion is teaching its technology business about migration and compliance. Why AI agents could require changes to credentials, fraud controls and dispute evidence.

Acquisition Increases Momentum Toward the High End of ONEOK's Mid- to High-
Single-Digit Adjusted EBITDA Growth Target Over the Next Five to Seven Years

Expected to Be Immediately Accretive to Earnings and Free Cash Flow Per Share

$9 Billion Minority Equity Investment from Apollo
Funds Acquisition and $5 Billion Debt Extinguishment

Accelerates Deleveraging to 3.25x Debt-to-EBITDA with 
No Issuance of Common Equity

Accelerates ONEOK's Flexibility for Capital Allocation Including Organic Growth,
Potential Dividend Increases and Share Buybacks

, /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that it has executed a definitive agreement to acquire Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for total cash consideration of $4.425 billion. The acquisition will be funded through a $9 billion nonvoting minority equity investment from funds and affiliates managed by Apollo (NYSE: APO) (Apollo). ONEOK intends to use $5 billion of proceeds from the equity investment to reduce ONEOK's existing indebtedness.

"This transaction demonstrates ONEOK's strategy of intentionally expanding and extending our integrated energy infrastructure," said Pierce H. Norton II, ONEOK president and CEO. "These assets add a premier Permian Midland Basin platform supported by long-term contracts and attractive growth opportunities.

"The acquisition expands our scale in the Permian Midland Basin, advances our integrated wellhead-to-water strategy and strengthens connectivity across our natural gas and NGL value chain, positioning ONEOK to capture significant volume growth in one of the most economic and rapidly growing resource plays," added Norton. "The combination of this acquisition with the minority equity investment demonstrates our commitment to creating shareholder value while accelerating our deleveraging to 3.25 times debt-to-EBITDA, further enhancing our balance sheet."

"ONEOK has built one of the largest and most diversified midstream platforms in the country, providing essential services and infrastructure to help meet rapidly expanding domestic and international energy demand," said Apollo Partner Jamshid Ehsani. "This transaction reflects Apollo's ability to deliver flexible, high-grade capital solutions at scale, structured around ONEOK's long-term strategic objectives."

STRATEGIC OVERVIEW

The acquisition will be funded through a $9 billion nonvoting minority equity investment in ONEOK's existing business. The investment carries an internal rate of return (IRR) that is capped at 7.0% for the first nine years of the investment, which is lower than ONEOK's cost of publicly traded equity. Distributions in excess of the capped IRR will reduce the minority equity capital balance over time, which increases the economic value attributable to ONEOK common shareholders.

In addition to funding the acquisition, ONEOK intends to extinguish approximately $5 billion of existing indebtedness, immediately reducing expected pro forma 2027 leverage to approximately 3.25 times debt-to-EBITDA. The debt extinguishment plan will include repayments, make-whole calls and a tender offer for senior notes (most of the targeted senior notes are currently trading below par). 

These steps will accelerate ONEOK's deleveraging timeline and will more than achieve the company's previous target leverage without issuing common equity while supporting a growing backlog of organic growth opportunities, particularly in the Permian Basin, as well as other business segments.

The acquisition increases momentum toward the high end of ONEOK's mid- to high-single-digit adjusted EBITDA growth target over the next five to seven years and accelerates ONEOK's flexibility to increase capital returns to shareholders, including through potential dividend increases and share buybacks.

PREMIER PERMIAN MIDLAND BASIN PLATFORM

The transaction implies a multiple of approximately 7.5 times estimated 2027 EBITDA, inclusive of approximately $80 million of full-year synergies, and approximately 6.0 times estimated 2028 EBITDA, reflecting the expected significant growth of the Brazos platform, as well as additional commercial and operational synergies expected to be realized through further integration with ONEOK's existing Permian Basin assets. The combined ONEOK and Brazos systems are also expected to generate additional capital efficiencies as capacity is optimized across the platform. The acquisition is expected to be immediately accretive to earnings and free cash flow per share, supported by substantial contracted growth across Brazos' dedicated acreage.

The acquisition strengthens ONEOK's integrated Permian-to-Gulf Coast strategy by:

Expanding scale in the rapidly growing Permian Midland Basin. Adding long-term, fee-based contracted growth with leading Permian producers. Enhancing connectivity across the natural gas and NGL value chain. Optimizing commercial and capital savings opportunities. Delivering immediate accretion to earnings and free cash flow per share. The acquired Brazos Midland assets create a scaled, integrated Permian Midland Basin platform that strengthens ONEOK's position in one of the most active and economic producing regions in North America. Supported by approximately 600,000 dedicated acres under long-term fixed-fee contracts with a weighted average remaining term of more than 12 years, the system provides substantial visibility to future volume growth and is currently supported by 14 active drilling rigs from leading Permian producers including ExxonMobil, Diamondback Energy and Double Eagle.

Following completion of the Cassidy II processing plant expected in the third quarter of 2027, the Brazos Midland system will include approximately 700 miles of gathering infrastructure and 1.2 billion cubic feet per day (Bcf/d) of processing capacity across seven core Permian Midland Basin counties. Through the acquisition, ONEOK also obtains a Permian Midland Basin-wide area of mutual interest (AMI) with a key private producer, creating additional opportunities to capture future growth.

The Brazos Midland assets are highly complementary to ONEOK's existing Permian Midland Basin natural gas gathering and processing, NGL transportation and crude oil infrastructure. The acquisition more than doubles ONEOK's Midland Basin processing capacity to approximately 2.3 Bcf/d, including plants currently under construction, and establishes one of the Permian Midland Basin's largest integrated natural gas gathering and processing platforms.

The combination expands ONEOK's ability to capture volume growth across the value chain while optimizing capital deployment and utilizing existing downstream infrastructure, including the company's West Texas NGL Pipeline and soon-to-be-completed Medford NGL fractionation facility. By integrating commercial, operational and capital activities across the combined footprint, ONEOK expects to achieve significant recurring synergies over the long term, further reducing the effective acquisition multiple over time to be in line with ONEOK's historical organic build multiples. 

MINORITY EQUITY INVESTMENT

Further strengthening its financial position, ONEOK has entered into an agreement with Apollo and affiliates for a $9 billion minority equity investment.

Minority equity investment highlights:

Return capped at a 7.0% IRR for the first nine years of the investment with value creation above the capped return rate accruing to ONEOK common shareholders. Investor's capital account balance is expected to substantially decline over time through cash distributions that vary with cash flow from operations. Income attributable to the noncontrolling interest (NCI) is expected to tie closely to the 7.0% capped IRR multiplied by the investor's then outstanding capital account balance. No liquidation preference and is structurally subordinate to all existing ONEOK senior debt. Provides ONEOK the option to acquire any remaining minority interest beginning eight years after closing or earlier if investor capital account balance declines to $200 million prior to that date. No Hypothetical Liquidation at Book Value (HLBV) accounting treatment necessary for this structure. Under the terms of the agreement, Apollo will invest $9 billion in exchange for a Class B interest in a newly formed holding company, ONEOK Holdings, L.L.C. (HoldCo), which is structurally subordinate to the company's debt. The Class B interest is expected to receive 15% of quarterly cash flow from ONEOK, L.L.C. (OpCo) operations. Because those distributions are expected to exceed the Class B capped return of 7.0% IRR, the Class B capital account balance is expected to substantially decline over time. There are no penalties if the quarterly distribution is below the capped return. ONEOK has the option each quarter to accelerate the Class B investor capital paydown by electing to distribute up to 20% of quarterly cash flow from OpCo's operations to the Class B interest, subject to certain conditions. The Class B interest carries limited consent rights related to HoldCo, has no board representation or liquidation preference, and is subordinate to all ONEOK senior debt. All distributions paid to HoldCo are at the discretion of the OpCo board.  

The total minority equity investor return is capped at a 7.0% IRR for the first nine years of the investment. The target IRR on the then-current capital account balance steps to 7.35% in year 10 and increases to a final cap of 7.85% in year 15. All value creation above the capped IRR, including growth from the Brazos Midland acquisition, ONEOK's existing portfolio and future initiatives, accrues to ONEOK common shareholders.

Beginning on the eighth anniversary of closing, or earlier if the Class B capital account balance reaches $200 million prior to that date, ONEOK may acquire the remaining Class B interest at a price reflecting the same 7.0% IRR, which is fixed until the ninth anniversary of closing. By that time, the remaining balance is expected to be substantially below the initial investment. In years 10 through 15, the Class B interest may be acquired at a value to achieve the then current target IRR applied to the remaining Class B capital account balance at that time.

The investment has been reviewed with ONEOK's credit rating agencies, all of which consider the transaction as credit-enhancing, and ONEOK expects to receive full equity credit. Under Generally Accepted Accounting Principles (GAAP), the investment will be reported on the balance sheet as a noncontrolling interest (NCI) within permanent equity. On the income statement, approximately 7.0% (1.75% on a quarterly basis) of the investment's remaining capital balance will be subtracted from net income to arrive at net income attributed to ONEOK. The remainder of the Class B payment above NCI will reduce capital balance quarterly and the next quarter's income available for common shareholders will increase in an amount approximately equal to the previous quarter's reduction in capital account multiplied by the capped return divided by four and adjusted for the effective tax rate.

TRANSACTION TIMING 

The Brazos Midland acquisition is expected to close in the fourth quarter of 2026 and has been unanimously approved by ONEOK's Board of Directors. The closing of the transaction is subject to customary closing conditions, including Hart-Scott-Rodino Act clearance.

The minority equity investment has been unanimously approved by ONEOK's Board of Directors and is expected to close in the first half of September, subject to customary closing conditions.

As part of these strategic transactions, ONEOK intends to extinguish $5 billion of outstanding debt, including commencing a cash tender offer for certain of its outstanding debt securities. In addition, ONEOK will repay, at or shortly following closing of the minority equity investment, its $1.2 billion term loan and will exercise make-whole calls on certain series of senior notes.  

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

CONFERENCE CALL INFORMATION

Members of ONEOK's management team will participate in a conference call at 9 a.m. Eastern (8 a.m. Central) on Aug. 31, 2026. The call will also be webcast.

To participate in the conference call, dial 800-330-6710, confirmation code: 8307680, or log on to the webcast at www.oneok.com.

If you are unable to participate in the conference call or webcast, a recording will be available at www.oneok.com for one year.

TRANSACTION PRESENTATION

https://ir.oneok.com/news-and-events/events-and-presentations

ADVISORS

Barclays served as sole financial advisor to ONEOK on the Brazos Midland acquisition and lead financial advisor to ONEOK on the minority equity investment. Lazard also served as financial advisor to ONEOK on the minority equity investment.

Latham & Watkins LLP served as legal advisor to ONEOK on the acquisition and minority equity investment. 

RBC Capital Markets served as sole financial advisor and Milbank LLP served as legal counsel to Apollo.

Akin Gump Strauss Hauer & Feld LLP served as legal advisor to Brazos Midstream.

NON-GAAP (GENERALLY ACCEPTED ACCOUNTING PRINCIPLES) FINANCIAL MEASURES:

This news release references certain non-GAAP financial measures, including forward-looking transaction-related adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) multiples and targets, and free cash flow. These measures may not be comparable to similarly titled measures of other companies, are not measurements of financial performance under GAAP, and should not be considered alternatives to amounts presented in accordance with GAAP. Because these measures are provided on a forward-looking basis, ONEOK is unable to present a quantitative reconciliation to the most directly comparable forward-looking GAAP measures without unreasonable effort.

ABOUT ONEOK:

At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest integrated energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world.

ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma.

For information about ONEOK, visit www.oneok.com. For the latest news, visit the ONEOK newsroom or find us on LinkedIn, Facebook, X and Instagram.

ABOUT APOLLO:

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2026, Apollo had approximately $1.05 trillion of assets under management. To learn more, please visit www.apollo.com.

ABOUT BRAZOS MIDSTREAM:

Headquartered in Fort Worth, Texas, Brazos Midstream represents the largest privately held midstream platform in the Midland Basin. Brazos Midstream's critical hydrocarbon infrastructure of natural-gas gathering pipelines spans the most prolific producing counties in the Midland Basin. Brazos has expansion projects underway to expand its current processing capacity to approximately 1.2 billion cubic feet per day (Bcf/d) in 2027. Brazos Midstream's Midland platform is backed by Old Ironsides Energy, LLC and EnCap Flatrock Midstream, L.P.

FORWARD-LOOKING STATEMENTS:

Some of the statements contained and incorporated in this news release are forward-looking statements as defined under federal securities laws. The forward-looking statements relate to our anticipated financial performance (including projected levels of quarterly and annual dividends and adjusted EBITDA), growth, leverage, synergies, liquidity, market conditions and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under federal securities laws and other applicable laws.

Forward-looking statements include the items identified in the preceding paragraph, the information concerning possible or assumed future results of our operations and other statements contained or incorporated in this news release identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "guidance," "intend," "may," "might," "outlook," "plan," "potential," "project," "scheduled," "should," "will," "would" and other words and terms of similar meaning.

One should not place undue reliance on forward-looking statements. Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements, including, without limitation, conditions to the completion of the acquisition, such as required regulatory clearance, not being satisfied; closing of the acquisition or minority equity investment being delayed or not occurring at all; the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the acquisition agreement; and ONEOK being unable to achieve the anticipated benefits of the acquisition or minority equity investment, including failure to achieve anticipated growth levels or operational synergies. Those factors may affect our operations, markets, products, services and prices. These and other risks are described in greater detail in Item 1A, Risk Factors, in our most recent Annual Report on Form 10-K and in the other filings that we make with the Securities and Exchange Commission (SEC), which are available on the SEC's website at www.sec.gov. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Any such forward-looking statement speaks only as of the date on which such statement is made, and, other than as required under securities laws, we undertake no obligation to update publicly any forward-looking statement whether as a result of new information, subsequent events or change in circumstances, expectations or otherwise.

Contacts:

Investor Relations: 
Megan Patterson
918-561-5325
[email protected] 

Media Relations: 
Alicia Keenom
918-861-3749
[email protected] 

SOURCE Oneok, Inc.

Viking Therapeutics (VKTX -5.02%) stock is down almost 66% from its early 2024 peak and down about 8.4% so far in 2026. While there's little the company can do regarding the drug development programs of larger peers like Eli Lilly and Novo Nordisk, Viking has a mix of near- and long-term catalysts in its pipeline that could meaningfully rerate the stock.

Viking Therapeutics and VK2735 The company's lead drug candidate is VK2735, a dual GLP-1 and GIP agonist in development in subcutaneous and oral forms to treat obesity and type 2 diabetes. VK2735 has two potential advantages over rival drugs, including Eli Lilly's Zepbound/Mounjaro (tirzepatide), Foundayo (orforglipron), and Novo Nordisk's Ozempic/Wegovy (semaglutide).

Image source: Getty Images.

The first is that VK2735 is being developed as a dual-formulation therapy, allowing patients to take it as a subcutaneous (injectable) formulation, followed by a more convenient oral maintenance dose. The second is that clinical trial evidence suggests it can achieve a steeper rate of weight loss than tirzepatide or semaglutide. As such, it offers the prospect of swifter weight loss and the convenience of a rapid shift to an oral dose.

However, as ever with clinical trial data, it needs to be qualified and put into context. If you've read the linked article, you'll note that I'm comparing phase 2 data for VK2735 with phase 3 data from Eli Lilly and Novo Nordisk offerings. These are not head-to-head trials, and it's the phase 3 data from the VK2735 trials that really matter. Still, the data is impressive and part of what investors are basing their hopes on.

Premium Feature

Moneyball Superscore

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Today's Change

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%) $

-1.70

Current Price

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Viking Therapeutics' pipeline All of which leads me to the key catalysts for the stock, starting with the long-term catalysts:

The 78-week phase 3 trials of VK2735 (subcutaneous) are ongoing, with results unlikely until the third quarter of 2027. The phase 3 trials of VK2735 (oral), which are set to commence in the fourth quarter of 2026, aren't likely to yield results until 2028 or even 2029. Clearly, the key results from these trials are still some time away, and the stock is likely to remain volatile until they are released. Still, there are some near-term catalysts for the stock that investors need to be aware of.

Management needs to announce the initiation of the oral phase 3 program in the fourth quarter. Viking has a 180-subject phase 1 maintenance dosing trial that is due to report results imminently.

Image source: Getty Images.

The maintenance trial (a 19-week subcutaneous dose or placebo, followed by 12 weeks across a range of doses, including oral dosing) will provide data that could help support a dual-formulation strategy. For example, the phase 2 trial results for VK2735 (oral) included some disappointing safety and tolerability data, which caused the stock to crash in the summer of 2025. Some positive news on tolerability in the transition from subcutaneous to oral applications would improve sentiment toward the stock and VK2735.

What really matters is the phase 3 trial results relative to rivals', and they won't come for a while. As such, any disappointing news from the maintenance trial needs to be put into context, as does any positive news. The debate over Viking Therapeutics won't end with the phase 1 results, but they are likely to impact the stock price in the near term.

Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Eli Lilly and Novo Nordisk. The Motley Fool recommends Viking Therapeutics. The Motley Fool has a disclosure policy.

Standing offer expands access to opioid overdose emergency treatment across participating federal, provincial and territorial organizations in Canada WINNIPEG, Manitoba, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Emergent BioSolutions Inc. (NYSE: EBS) today announced that it has been awarded a standing offer by the Government of Canada, through a competitive procurement process, to supply NARCAN® Nasal Spray. The standing offer is effective from October 1, 2026, through September 30, 2029, with an option to extend for an additional two years.

Under the standing offer, authorized federal departments, agencies, Crown corporations, provinces, territories and other designated public sector organizations across Canada may procure NARCAN® Nasal Spray through individual call-ups, helping support timely access to overdose reversal medication in communities nationwide.

"Canada continues to face a significant public health challenge from the opioid crisis and expanding access to naloxone remains a critical component of overdose response efforts," said Paul Williams, head of products business, global government & public affairs at Emergent. "We are proud that the Government of Canada has selected NARCAN® Nasal Spray under this standing offer, reinforcing our commitment to helping to protect and save lives."

NARCAN® Nasal Spray is designed to reverse the effects of an opioid poisoning in minutes and is the only 4 mg, intranasal naloxone spray in Canada with a shelf life of four years (48 months). This award follows an existing 5-year standing offer between Emergent and the Government of Canada set to expire in September 2026.

"As communities across Canada continue efforts to prevent opioid poisoning deaths, we remain focused on ensuring broad availability of NARCAN® Nasal Spray and supporting public health preparedness," added Danielle Portnik, vice president and general manager at Emergent. "We appreciate the opportunity to continue working with the Government of Canada to improve access to this lifesaving treatment."

About NARCAN® Nasal Spray

NARCAN® Nasal Spray is a pure opioid antagonist indicated for emergency use to reverse known or suspected opioid overdose, as manifested by respiratory and/or severe central nervous system depression.

While NARCAN® Nasal Spray can be administered by a non-health care professional, it is not intended to be a substitute for professional medical care. Always call 911 as soon as an opioid overdose is suspected, before administering NARCAN® Nasal Spray.

Always read the label and follow the directions for use.

About Emergent BioSolutions 
At Emergent, our mission is to protect and save lives. For over 25 years, we’ve been at work preparing those entrusted with protecting public health. We deliver protective and life-saving solutions for health threats like smallpox, mpox, botulism, Ebola, anthrax and opioid overdose emergencies. To learn more about how we help prepare communities around the world for today’s health challenges and tomorrow’s threats, visit our website and follow us on LinkedIn, X, Instagram, Apple Podcasts and Spotify. 

Safe Harbor Statement
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including statements regarding the availability and Canadian government procurement of NARCAN® Nasal Spray are forward-looking statements. We generally identify forward-looking statements by using words like “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “should,” “will,” “would,” and similar expressions or variations thereof, or the negative thereof, but these terms are not the exclusive means of identifying such statements. Forward-looking statements are based on our current intentions, beliefs, and expectations regarding future events based on information that is currently available. We cannot guarantee that any forward-looking statement will be accurate. Readers should realize that if underlying assumptions prove inaccurate or if known or unknown risks or uncertainties materialize, actual results could differ materially from our expectations. Readers are, therefore, cautioned not to place undue reliance on any forward-looking statement. Any forward-looking statement speaks only as of the date of this press release, and, except as required by law, we do not undertake to update any forward-looking statement to reflect new information, events, or circumstances. Readers should consider this cautionary statement, as well as the risk factors identified in our periodic reports filed with the U.S. Securities and Exchange Commission, when evaluating our forward-looking statements.

Investor Contact:
Richard S. Lindahl
Executive Vice President, CFO
[email protected]

Media Contact:
Assal Hellmer
Vice President, Communications
[email protected]

MINNEAPOLIS, Aug. 31, 2026 (GLOBE NEWSWIRE) -- OneMedNet Corporation (Nasdaq: ONMD) (“OneMedNet,” the “Company,” “we,” “us” or “our”), a leading provider of first-party (direct-from-source) regulatory decision-grade, AI-driven Real-World Data (RWD), today announced a new agreement to deliver de-identified, full-fidelity clinical Real-World Data to a leading AI-driven drug development company. OneMedNet's iRWD™ Platform enabled cohort feasibility within minutes, data validation within a week, and signed contract within three weeks of initial contact, and is now delivering the data to support the customer's development and validation of AI models designed to accelerate and improve how new therapies are discovered and developed.

The customer selected OneMedNet after recognizing that building AI models capable of genuine innovation in drug development requires full-fidelity clinical studies at a level of quality that only data directly sourced from healthcare providers can deliver. OneMedNet’s network provides that fidelity at scale, with the curation, de-identification, and clinical integrity standards required for AI model training and validation.

“Healthcare innovators are coming to OneMedNet because they see what it takes to build AI that performs in the real world: private clinical data sourced directly from healthcare providers,” said Aaron Green, President & CEO of OneMedNet. “OneMednet provided first-party data is what enables our customers to accelerate the development and validation of their AI models, and we believe the surge in demand we are experiencing reflects it. Our iRWD platform enables this pace — feasibility, validation, contracting, and delivery in a matter of weeks — and the ease of doing business customers can expect.”

The agreement underscores the growing role of OneMedNet’s iRWD™ network — now exceeding 90 million patient journeys, 270 million studies, and more than 2,300 healthcare partner sites — as foundational infrastructure for AI model development across the healthcare and life sciences ecosystem. OneMedNet’s multimodal data spans Radiology, Cardiology, EEG, ECG, and other diagnostic modalities, alongside de-identified electronic health records, with optional tokenized linkage for longitudinally connected, multimodal datasets.

Agreement highlights:

Project feasibility completed within minutes.First-party, direct-from-source data delivered from a live network of Healthcare Provider partner sites.Regulatory decision-grade quality spanning de-identified medical imaging and comprehensive clinical records, suitable for AI model development and downstream regulatory use.Continued commercial momentum reflecting surging demand for private healthcare clinical data sourced directly from healthcare providers. About OneMedNet Corporation
OneMedNet Corporation is revolutionizing Real-World Data (RWD) through its iRWD™ platform, delivering regulatory decision-grade, AI-ready datasets that include de-identified medical imaging alongside comprehensive clinical records. With a network spanning more than 2,300 sites and encompassing over 90 million patient journeys and 270 million studies, OneMedNet serves life sciences companies, medical device manufacturers, AI developers, and other innovators seeking high-quality, compliant healthcare data. The Company’s platform is powered by Palantir Foundry and supports applications ranging from drug development and regulatory submissions to foundational AI model training. Learn more at www.onemednet.com.

Forward-Looking Statements
This press release contains 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. All statements other than statements of historical facts contained in this press release are forward-looking statements. These statements include, but are not limited to, statements regarding the ability and benefits of our iRWD platform and the demand for our products, our ability to achieve our operational strategies, and statements generally about our products, plans and strategies.

Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include, but are not limited to: our ability to change the direction of OneMedNet; our ability to keep pace with new technology and changing market needs; the competitive environment of our business; risks inherent with investing in Digital Assets, including Digital Asset’s volatility; our ability to implement our Digital Asset treasury strategy and its effects on our business; and the other risks described in our most recent Annual Report on Form 10-K and our subsequent filings with the Securities and Exchange Commission. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

OneMedNet Contacts:
Michael Wong, VP Marketing
Email: [email protected]
SOURCE: ONEMEDNET CORPORATION

Flash memory specialist Sandisk (SNDK +0.00%) and its long-term manufacturing partner Kioxia said Thursday that they plan to invest more than $31 billion in Japan through 2032. The money is earmarked for infrastructure at the Yokkaichi and Kitakami plants (the factories where the two companies produce their NAND flash memory), along with related technology development.

The plan is contingent on Japanese government support.

Over the alliance's more than 25 years, the two companies have invested more than $50 billion in Japan, according to the announcement. The new plan would spend about 60% of that sum again in about six years.

Both figures are floors ("more than"), so the proportion is approximate. The plan's scale is not. And the announcement looks odd next to what Sandisk management itself told investors three weeks earlier: that the company is increasing supply through technology improvements rather than large capacity expansions, with capital expenditures falling as a percentage of revenue.

So which one is it?

Image source: Getty Images.

Who pays whatThe plan is joint, not a $31 billion check from Sandisk alone. The two companies manufacture through a joint venture structure called Flash Ventures, which operates at eight facilities in Japan (six in Yokkaichi and two in Kitakami). In January, they extended that framework through December 2034.

Sandisk holds a 49.9% stake in the Flash Ventures entities, and Kioxia owns the facilities themselves. Each side gets roughly half of the production. And Sandisk's annual report says the company is obligated to finance between 49.9% and 50% of the capital expenditures that the joint ventures decide to make, to the extent that the joint ventures' own cash flow cannot cover them.

Neither company has detailed its share, and Sandisk's obligation covers only the joint ventures' own investments. But if about half of the plan flows through Flash Ventures, something close to $1.3 billion a year falls on Sandisk, before what the Japanese government contributes.

Doesn't that break the capital-light story?"We grow supply primarily through nodal transitions rather than wafer additions, delivering mid- to high teens bit growth," CEO David Goeckeler said on the company's earnings call on Aug. 5. And chief financial officer Luis Visoso supplied the figure, guiding capital expenditures to about 6% of revenue for fiscal 2027 even as the company accelerates its newest manufacturing technologies.

At first glance, a $31 billion build program appears to contradict all that. But if you follow how the money flows, I would say the capital-light story holds up for the most part.

For one thing, Sandisk's funding obligation is a backstop, not a blank check. The company covers its share of the joint ventures' investments only when Flash Ventures' own operating cash flow cannot.

That said, the 6% guidance and the $31 billion plan are the same money. What Visoso guided is gross capital expenditures, which already includes Sandisk's share of what Flash Ventures builds. The company's own property purchases totaled just $177 million in fiscal 2026, far short of 6% of revenue, and it also put a net $275 million into the joint ventures. So the plan's bill has to fit within that guidance, not sit beside it.

And then there is Sandisk's explosive revenue base. The company's revenue in fiscal 2026 rose 175% year over year to $20.25 billion, and guidance for the fiscal first quarter of 2027 alone projects revenue of $10.3 billion to $10.8 billion. Against a business of that size, that bill fits within Sandisk's 6% guidance.

Demand still has to lastOf course, the hardest issue for shareholders is durability. The plan runs through 2032, and memory has long been a wildly cyclical business.

However, Sandisk has more visibility on that than in past cycles. Long-term agreements with eight customers already cover about half of the company's expected bit shipments for fiscal 2027, and Sandisk values those agreements at $93.9 billion over their lives, based on the minimum prices they guarantee. The demand secured in writing may be what makes a six-year build plan defensible.

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0.00

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Sure, the uncontracted half of the business still floats on market prices, and no contract protects years beyond its term. But this announcement amounts to two of the industry's biggest players betting that the storage boom for artificial intelligence (AI) will last longer than this quarter's debates about it.

Still, the growth stock closed Thursday near $1,485, 37% below its June peak.

At that price, the shares cost about 7 times forward earnings for the next fiscal year. In other words, the market still doubts how long the boom's earnings can last. The $31 billion headline sounds like a strategy shift. The structure beneath it -- jointly funded, contingent on government support, and sized to a revenue base that nearly tripled last year -- looks more like the plan management described, operating at the scale the boom now demands.

Agreement Resolves all Pending Patent-Related Proceedings Between BioMarin and Ascendis

, /PRNewswire/ -- BioMarin Pharmaceutical Inc. (Nasdaq: BMRN) today announced that it has entered into binding terms with Ascendis Pharma A/S, resolving the patent and ancillary disputes pending globally, including before the U.S. International Trade Commission (ITC) concerning Ascendis's Yuviwel. As part of the agreement, Ascendis will pay BioMarin a royalty equal to 20% of net sales of Yuviwel in the U.S., retroactive to the first commercial sale, and 18% of net sales in the European Union, Brazil and South Korea until May 2030. 

"This outcome incentivizes companies like BioMarin to keep investing in the kind of long-term innovation that is critical to bringing breakthrough treatments to the people who need them," said Alexander Hardy, President and Chief Executive Officer of BioMarin. "We have spent decades focused on understanding the underlying biology of rare genetic conditions, building the deep scientific expertise that led to our development of six first-in-disease medicines for patients. We look forward to continuing to innovate, bringing forward the next generation of medicines for people with serious genetic conditions, and building on our ongoing momentum for children with achondroplasia."

The scope of the settlement includes a license for BioMarin's patents that relate to Yuviwel for all current and potential indications, including achondroplasia and hypochondroplasia. It also covers the use of Yuviwel in combination with other medicines. Under the terms of the agreement, BioMarin will dismiss the pending Section 337 investigation before the ITC and the parties will resolve all claims relating to the asserted intellectual property, including litigation pending in Brazil, Denmark, Germany, South Korea and the Northern District of California.

Reaching this agreement recognizes the value of BioMarin's pioneering innovations in C-type natriuretic peptide (CNP) technology, including the development of VOXZOGO® (vosoritide), while providing a framework that enables continued access to medicine for children with achondroplasia around the world.

About BioMarin

BioMarin is a leading, global rare disease biotechnology company focused on delivering medicines for people living with genetically defined conditions. Founded in 1997, the San Rafael, California-based company has a proven track record of innovation, with nine commercial therapies and a strong clinical and preclinical pipeline. Using a distinctive approach to drug discovery and development, BioMarin seeks to unleash the full potential of genetic science by pursuing category-defining medicines that have a profound impact on patients. To learn more, please visit www.biomarin.com. 

Forward-Looking Statements

This press release contains forward-looking statements about the business prospects of BioMarin Pharmaceutical Inc. (BioMarin), including without limitation, statements about: the settlement and license agreement with Ascendis Pharma A/S, including expected benefits of such agreement and anticipated royalty payments, and future commercialization of licensed products and BioMarin's expectations to continue to innovate, bringing forward the next generation of medicines for people with serious genetic conditions, and building on its momentum for children with achondroplasia. These forward-looking statements are predictions and involve risks and uncertainties such that actual results may differ materially from these statements. These risks and uncertainties include, among others: BioMarin's ability to enforce the agreement; actual sales of licensed products; and those factors detailed in BioMarin's filings with the Securities and Exchange Commission, including, without limitation, the factors contained under the caption "Risk Factors" in BioMarin's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, as such factors may be updated by any subsequent reports. Investors are urged not to place undue reliance on forward-looking statements, which speak only as of the date hereof. BioMarin is under no obligation, and expressly disclaims any obligation to update or alter any forward-looking statement, whether as a result of new information, future events or otherwise.

BioMarin® and VOXZOGO® are registered trademarks of BioMarin Pharmaceutical Inc.

Contacts:

Investors

Media

Traci McCarty

Andrew Villani

BioMarin Pharmaceutical Inc.

BioMarin Pharmaceutical Inc.

(415) 455-7558 

(628) 269-7393

SOURCE BioMarin Pharmaceutical Inc.

Elon Musk said building parts in-house would allow SpaceX to accelerate natural gas turbines coming online by up to 18 months. Fabrice Coffrini / AFP via Getty Images SpaceX is building a gas turbine blade factory as it grapples with a global scramble to secure energy supplies for AI data centers.

Elon Musk said on Saturday that the rocket company will manufacture its own gas turbine parts, adding that solar power alone would not be enough to power its massive AI infrastructure buildout.

In a post on X, Musk wrote that SpaceX and Tesla were both racing to build their own massive solar panel factories "as fast as possible" — but added that this would not be enough to meet surging demand for electricity.

"Natural gas will still be needed to supplement and bootstrap solar for several years," Musk said, adding that SpaceX would seek to build its own gas turbine blades and vanes — which are notoriously difficult to manufacture — to speed up production.

"By doing in-house casting at SpaceX, we can accelerate natural gas turbines coming online by up to 18 months, which is a profound game-changer," the billionaire said.

The Information first reported on SpaceX's plans. SpaceX has also begun advertising roles for a "blades and vanes foundry" in Bastrop, Texas, where the rocket company manufactures its Starlink terminals.

"Power generation poses one of the key challenges that could slow the worldwide adoption of AI," read one of the job descriptions.

The AI boom has led to a massive buildout of data centers across the US, which in turn has put electricity supplies under strain and sparked a nationwide public backlash.

Some AI companies have attempted to address their data center's hunger for power by building natural gas power plants.

OpenAI, Amazon, and Microsoft have all struck partnerships to power data centers with natural gas, while Meta's "Hyperion" data center in northern Louisiana will require 10 new gas power plants to supply it with electricity.

The rush to secure natural gas generators has sparked a global shortage of gas turbines and pushed some aerospace startups to repurpose their jet engines into turbines to fuel AI data centers.

SpaceX has used mobile gas turbines to power its Colossus data centers in Mississippi and Tennessee, where they have attracted local complaints over noise and pollution.

Like many other tech giants, SpaceX is spending aggressively on building new data centers and securing AI compute as it seeks to build ever more powerful AI models.

The company spent $16 billion on AI infrastructure in the second quarter of 2026, with executives telling investors to expect "very similar" levels of spending for the next two quarters.

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Elon Musk SpaceX Data Centers More AI

Shares of Rexford Industrial Realty, Inc. (NYSE:REXR – Get Free Report) have received an average rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $40.9286.

REXR has been the topic of several recent research reports. Citigroup restated a “neutral” rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Jefferies Financial Group cut Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research note on Thursday, August 6th. Mizuho upped their price objective on Rexford Industrial Realty from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Wall Street Zen lowered Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings lowered Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, July 29th.

Check Out Our Latest Analysis on REXR

Rexford Industrial Realty Stock Down 0.0% Shares of REXR opened at $37.12 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of -20.51 and a beta of 1.19. Rexford Industrial Realty has a 1 year low of $32.14 and a 1 year high of $44.38. The business’s 50 day simple moving average is $36.12 and its 200-day simple moving average is $35.63. Rexford Industrial Realty (NYSE:REXR – Get Free Report) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). Rexford Industrial Realty had a negative net margin of 39.22% and a negative return on equity of 4.61%. The business had revenue of $243.00 million during the quarter, compared to analysts’ expectations of $240.24 million. During the same period last year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, equities analysts expect that Rexford Industrial Realty will post 2.39 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.435 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 dividend on an annualized basis and a yield of 4.7%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently -96.13%.

Institutional Inflows and Outflows Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Rexford Industrial Realty in the second quarter valued at $1,293,168,000. Price T Rowe Associates Inc. MD grew its holdings in Rexford Industrial Realty by 2.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,336,003 shares of the real estate investment trust’s stock valued at $1,097,172,000 after purchasing an additional 667,594 shares during the last quarter. State Street Corp raised its position in Rexford Industrial Realty by 4.9% in the 2nd quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock worth $428,509,000 after purchasing an additional 556,810 shares during the period. Principal Financial Group Inc. raised its position in Rexford Industrial Realty by 19.5% in the 4th quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock worth $446,006,000 after purchasing an additional 1,881,905 shares during the period. Finally, Soroban Capital Partners LP lifted its stake in Rexford Industrial Realty by 57.2% in the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after purchasing an additional 3,344,677 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

(Get Free Report)

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.

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CKW Financial Group boosted its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 29.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,915 shares of the iPhone maker’s stock after purchasing an additional 4,578 shares during the period. Apple comprises 0.6% of CKW Financial Group’s investment portfolio, making the stock its 11th largest position. CKW Financial Group’s holdings in Apple were worth $5,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Evansbrook LLC lifted its position in shares of Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock worth $2,054,000 after purchasing an additional 34 shares during the period. JMG Financial Group Ltd. raised its position in shares of Apple by 0.7% in the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock worth $1,295,000 after acquiring an additional 35 shares in the last quarter. Reyes Financial Architecture Inc. lifted its stake in shares of Apple by 0.4% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker’s stock valued at $2,520,000 after purchasing an additional 37 shares during the period. Interactive Financial Advisors Inc. boosted its position in shares of Apple by 4.0% during the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker’s stock valued at $286,000 after purchasing an additional 40 shares in the last quarter. Finally, Sugar Maple Asset Management LLC grew its stake in Apple by 2.0% in the first quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker’s stock worth $515,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance NASDAQ AAPL opened at $319.70 on Friday. The company has a 50-day moving average price of $312.24 and a 200-day moving average price of $288.43. Apple Inc. has a 52 week low of $225.95 and a 52 week high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $4.67 trillion, a P/E ratio of 36.66, a PEG ratio of 2.70 and a beta of 1.09.

Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion for the quarter, compared to analysts’ expectations of $109.04 billion. During the same period last year, the firm earned $1.57 EPS. Apple’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities research analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current year. Apple Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s payout ratio is currently 12.39%.

Analyst Ratings Changes AAPL has been the topic of a number of research reports. HSBC upgraded shares of Apple from a “hold” rating to a “buy” rating and boosted their target price for the company from $260.00 to $366.00 in a report on Thursday, July 16th. BTIG Research assumed coverage on shares of Apple in a research report on Monday, August 17th. They set a “neutral” rating for the company. Barclays reaffirmed an “underweight” rating and set a $245.00 target price (down from $253.00) on shares of Apple in a research note on Friday, July 31st. Royal Bank Of Canada set a $365.00 target price on shares of Apple in a report on Wednesday, July 15th. Finally, KeyCorp reissued an “underweight” rating and issued a $250.00 price target on shares of Apple in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $330.53.

View Our Latest Research Report on AAPL

Insider Buying and Selling at Apple In related news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $310.95, for a total value of $447,457.05. Following the sale, the senior vice president directly owned 37,229 shares of the company’s stock, valued at $11,576,357.55. This represents a 3.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ben Borders sold 116 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider owned 38,713 shares of the company’s stock, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 4,433 shares of company stock worth $1,367,024 in the last 90 days. 0.06% of the stock is currently owned by insiders.

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

Positive Sentiment: Apple’s September 9 event will be the first major product launch under incoming CEO John Ternus. Expectations for the iPhone 18 lineup, camera improvements and a possible foldable iPhone are supporting sentiment. IDC reportedly expects more than 10 million foldable iPhone shipments in the first year, although that forecast remains speculative. Apple stock rises ahead of September event Positive Sentiment: Apple is raising U.S. prices for Apple TV and Apple One subscriptions, in some cases by up to 20%. The increases could lift services revenue and margins, though investors will monitor customer retention and potential subscription churn. Apple raises subscription prices Positive Sentiment: Walmart plans to add Apple Pay support across its U.S. stores and Sam’s Club locations by the end of 2026. Wider acceptance could increase Apple Pay usage and strengthen Apple’s payments ecosystem. Walmart to add Apple Pay support Positive Sentiment: Recent results provide fundamental support: Apple reported quarterly EPS of $2.02 versus a $1.89 consensus estimate, while revenue rose 16.4% year over year to $109.42 billion. Neutral Sentiment: The CEO transition creates both opportunity and execution risk. Ternus’s product-design background is viewed favorably, but he will face an immediate test with the iPhone launch shortly after taking over from Tim Cook. Apple’s first iPhone launch under John Ternus Negative Sentiment: Apple is eliminating roughly 147–200 jobs across Siri, machine-learning and Vision Pro teams while redirecting resources toward AI. The restructuring may improve focus, but it also highlights concerns about Siri’s delays and Apple’s position in generative AI. Apple layoffs in Siri and Vision Pro teams Negative Sentiment: High expectations and a premium valuation leave less room for disappointing foldable-iPhone demand, AI progress or margins. Rising memory-chip costs could also pressure profitability. Negative Sentiment: Apple SVP Jennifer Newstead sold 1,439 shares worth approximately $447,000. The sale is small relative to Apple’s size and may be routine, but it provides a modest negative sentiment signal. SEC Form 4 filing About Apple (Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

See Also Five stocks we like better than Apple 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude? Okta Stock Surges 29%—Is $200 the Next Stop?

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Facet Wealth Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 151,666 shares of the iPhone maker’s stock after purchasing an additional 9,275 shares during the quarter. Apple comprises about 0.6% of Facet Wealth Inc.’s investment portfolio, making the stock its 16th largest position. Facet Wealth Inc.’s holdings in Apple were worth $43,886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock valued at $387,749,545,000 after acquiring an additional 26,856,752 shares during the period. State Street Corp grew its holdings in shares of Apple by 1.1% in the 4th quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker’s stock worth $164,218,801,000 after acquiring an additional 6,555,392 shares during the period. Geode Capital Management LLC grew its holdings in shares of Apple by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker’s stock worth $97,031,587,000 after acquiring an additional 1,866,103 shares during the period. Morgan Stanley increased its stake in Apple by 0.6% in the 4th quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker’s stock valued at $62,659,118,000 after purchasing an additional 1,379,651 shares in the last quarter. Finally, Norges Bank purchased a new position in Apple in the 4th quarter valued at approximately $52,266,468,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades AAPL has been the topic of a number of research analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Apple in a research report on Friday, July 31st. KeyCorp restated an “underweight” rating and issued a $250.00 price target on shares of Apple in a research report on Tuesday, July 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research note on Friday, July 31st. DA Davidson reiterated a “neutral” rating and issued a $270.00 price objective on shares of Apple in a research report on Friday, July 31st. Finally, UBS Group reissued a “neutral” rating on shares of Apple in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $330.53.

View Our Latest Analysis on Apple Apple Price Performance Shares of NASDAQ:AAPL opened at $319.70 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The business’s fifty day moving average price is $312.24 and its two-hundred day moving average price is $288.43. The stock has a market cap of $4.67 trillion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. Apple Inc. has a one year low of $225.95 and a one year high of $344.57.

Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, analysts forecast that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple’s dividend payout ratio (DPR) is currently 12.39%.

Insider Activity In other Apple news, insider Ben Borders sold 116 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the sale, the insider directly owned 38,713 shares of the company’s stock, valued at $11,425,754.82. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $310.95, for a total transaction of $447,457.05. Following the sale, the senior vice president owned 37,229 shares of the company’s stock, valued at approximately $11,576,357.55. This trade represents a 3.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,433 shares of company stock valued at $1,367,024 in the last three months. 0.06% of the stock is currently owned by corporate insiders.

Key Apple News Here are the key news stories impacting Apple this week:

Positive Sentiment: Apple’s September 9 event will be the first major product launch under incoming CEO John Ternus. Expectations for the iPhone 18 lineup, camera improvements and a possible foldable iPhone are supporting sentiment. IDC reportedly expects more than 10 million foldable iPhone shipments in the first year, although that forecast remains speculative. Apple stock rises ahead of September event Positive Sentiment: Apple is raising U.S. prices for Apple TV and Apple One subscriptions, in some cases by up to 20%. The increases could lift services revenue and margins, though investors will monitor customer retention and potential subscription churn. Apple raises subscription prices Positive Sentiment: Walmart plans to add Apple Pay support across its U.S. stores and Sam’s Club locations by the end of 2026. Wider acceptance could increase Apple Pay usage and strengthen Apple’s payments ecosystem. Walmart to add Apple Pay support Positive Sentiment: Recent results provide fundamental support: Apple reported quarterly EPS of $2.02 versus a $1.89 consensus estimate, while revenue rose 16.4% year over year to $109.42 billion. Neutral Sentiment: The CEO transition creates both opportunity and execution risk. Ternus’s product-design background is viewed favorably, but he will face an immediate test with the iPhone launch shortly after taking over from Tim Cook. Apple’s first iPhone launch under John Ternus Negative Sentiment: Apple is eliminating roughly 147–200 jobs across Siri, machine-learning and Vision Pro teams while redirecting resources toward AI. The restructuring may improve focus, but it also highlights concerns about Siri’s delays and Apple’s position in generative AI. Apple layoffs in Siri and Vision Pro teams Negative Sentiment: High expectations and a premium valuation leave less room for disappointing foldable-iPhone demand, AI progress or margins. Rising memory-chip costs could also pressure profitability. Negative Sentiment: Apple SVP Jennifer Newstead sold 1,439 shares worth approximately $447,000. The sale is small relative to Apple’s size and may be routine, but it provides a modest negative sentiment signal. SEC Form 4 filing About Apple (Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Recommended Stories Five stocks we like better than Apple From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash Venture Into High-Volatility Corners of the Market With These 3 ETFs 3 Retail Stocks to Watch After a Big Consumer Earnings Week Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).

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Meta Platforms (META +1.21%) is once again releasing some of its artificial intelligence (AI) models with open weights, allowing developers to download and modify them.

The company released Muse Glimmer, a 30-billion-parameter model, on Aug. 10. However, as of Aug. 25, the company had not yet released the weights for its more powerful flagship model, Muse Spark 1.2.

So, does Meta Platforms' heavy investment in AI infrastructure make sense if it plans to make more of its AI models publicly available?

Image source: Getty Images.

Earning money from AI without selling models Unlike OpenAI and Anthropic, Meta Platforms does not need to rely primarily on subscriptions, application programming interfaces (APIs), and enterprise software to monetize its AI models directly. Instead, the company is leveraging AI to improve recommendations and advertising across Facebook and Instagram. The company is also developing business messaging and AI-agent opportunities through WhatsApp and Messenger.

Premium Feature

Moneyball Superscore

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578.02

Meta Platforms' AI strategy is already showing results. In the second quarter (ended June 30), improvements to its AI models generated an 8.3% increase in Facebook ad clicks and a 15.7% rise in ad conversions. Additionally, an early Instagram AI pilot increased the number of users completing targeted in-app actions by 1%.

Heavy investment Meta Platforms' revenue grew 28% year over year to $60.8 billion, while operating cash flow was $31.9 billion in the second quarter. With the company's capital expenditures reaching $31.1 billion, free cash flow was only $784 million. Meta Platforms now expects $130 billion to $145 billion in capital spending in 2026, up from its initial $115 billion to $135 billion range.

Meta Platforms' spending commitments also extend well beyond 2026. The company had $81.6 billion of noncancelable contractual commitments due in 2027, mostly associated with cloud capacity and investments in technical infrastructure, data centers, and Reality Labs hardware. The company also entered into another $68 billion in data center leases, expected to begin in 2027 and 2028.

Meta Platforms' high spending could also weigh on future profit margins. Depreciation expense associated with property and equipment rose 40% year over year to $6 billion in the second quarter. Construction in progress also reached $80.3 billion, with most of those costs related to data centers, servers, and network infrastructure. As those assets come online, depreciation expenses could rise further, putting pressure on operating margins.

Reasonable valuation Meta Platforms is currently trading at around 16.8 times analysts' expected 2027 earnings per share of $33.9 (as of Aug. 25). The valuation appears reasonable, considering the company may not need significant user growth for its AI investments to pay off. With 3.6 billion people already using Meta Platforms' apps daily, even relatively small improvements in user engagement and ad conversion can potentially translate into meaningful revenue gains.

However, this advantage has a limit. Much of the growth in the number of ads Meta shows is coming from lower-monetization markets such as Asia-Pacific. Hence, local-language business agents are particularly important, since they may help the company generate more revenue from users in markets where advertising currently monetizes at lower rates.

So, AI needs to continue lifting revenue per user while capital spending and depreciation eventually moderate. Meta Platforms' forward earnings multiple leaves room for upside. But if AI spending remains elevated without a corresponding improvement in advertising monetization, the stock may struggle to grow.

Meta is quietly testing robots inside its data centers, and at least one employee believes physical workers are no longer safe from automation. The experiment hints at a much larger shift in how AI spending could reshape labor costs across…

Artificial intelligence was supposed to make workers more productive. Instead, companies are increasingly discovering that the most productive worker can be one they don’t have to employ. U.S. technology companies have eliminated nearly 140,000 jobs in 2026, according to a Financial Times analysis, even as the industry’s AI spending reaches unprecedented levels. 

Not every layoff can be blamed on AI — companies are also correcting pandemic-era excesses and cutting costs. But the direction of travel is difficult to miss. Now automation is moving beyond computer screens and into the physical world.

Meta’s Robots Are Coming for Data Center Jobs Meta Platforms (NASDAQ:META | META Price Prediction) is already spending billions to build the infrastructure needed for its AI ambitions. Now it is exploring whether robots can help operate that infrastructure with fewer people.

According to a report from WIRED, Meta is testing robots that can swap networking cables, power-cycle servers, reseat hardware, and perform other tasks traditionally handled by data center technicians. The company is testing equipment from Watney Robotics, Kinova, and ABB at facilities including Altoona, Iowa, and New Albany, Ohio.

One Meta worker told WIRED that a successful cable-swapping robot could eventually replace up to 80% of some technicians’ workloads, according to one data center worker:

“We thought those of us performing the physical tasks were safe for a while, but not anymore. It’s coming for us all, unfortunately.”

The robots remain slower than humans in some applications, require supervision and battery charging, and struggle with complicated cabling. Still, the experiment matters because it attacks a cost that is becoming enormous as Meta expands its data center footprint.

Meta’s second-quarter 2026 results show just how much money is moving into that infrastructure. Revenue rose 28% year over year to $60.8 billion, while capital expenditures reached $31.1 billion in the quarter. The company now expects $130 billion to $145 billion of capital expenditures in 2026.

The most productive worker is the one you never have to hire. Automation has officially left the screen and entered the physical world, targeting a massive shift in the global workforce. AI Is Already Changing the Workforce. The Financial Times found that U.S. technology companies had gutted 140,000 jobs during 2026. Amazon (NASDAQ:AMZN), Oracle (NYSE:ORCL), Meta, and Microsoft (NASDAQ:MSFT) accounted for almost 50,000 of those reductions. But the FT also cautioned that AI isn’t responsible for every job eliminated. Companies are restructuring, correcting previous overhiring, and redirecting spending toward AI infrastructure.

That’s an important distinction for investors. The bullish case for AI has always been that productivity gains will create new industries and new jobs, just as previous technological revolutions did. That could still happen. AI-focused companies such as Anthropic and OpenAI are hiring, while Meta itself shifted thousands of employees toward AI-related work even as it reduced its overall workforce.

But AI has one unusual characteristic: speed and scalability. Software can replace tasks performed by thousands of people almost instantly once it works. Robotics could eventually do the same thing in the physical economy.

The $1.7 Trillion Opportunity Citizens Bank estimates that Tesla‘s (NASDAQ:TSLA) Optimus humanoid robot could eventually target roughly $1.7 trillion of U.S. wages. That’s not a forecast for Tesla’s revenue, and much of that potential market remains years away. But it illustrates why investors are paying attention to physical AI.

The economic incentive is straightforward. If a robot can work around the clock, doesn’t require benefits, and performs repetitive tasks consistently, its value isn’t merely that it replaces a worker. It changes the economics of the entire operation.

For Meta, that could eventually mean fewer technicians supporting vastly larger data centers. For Tesla, it could mean a new manufacturing and robotics business. For investors, it creates another way to measure AI’s potential: not just how much revenue it generates, but how much labor it can eliminate per dollar of capital invested.

Key Takeaway In short, investors shouldn’t interpret Meta’s robot experiments as proof that data center technicians are about to disappear. The technology isn’t there yet.

The more important signal is that AI automation is moving from white-collar software work to physical labor. Meta’s 2026 capital-spending budget shows how aggressively the company is building AI infrastructure, and robots could eventually help it operate that infrastructure more efficiently.

That makes the long-term thesis for Meta more compelling — but also changes the way investors should think about AI. The biggest gains may not come from selling AI products. They may come from using AI to require fewer humans to produce the same output.

That’s a much bigger productivity story. And, potentially, a much bigger margin story.

Contact [email protected] for any questions or corrections.

Meta wants to change the public's perception of its smart glasses. picture alliance/dpa/picture alliance via Getty Images The small camera installed in Meta's AI smart glasses has become a problem for the company and the public.

Photos and videos captured by Meta glasses have proliferated on social media, and not all of them are consensual. Clips of content creators harassing women and recording their reactions covertly have become a trend, raising concerns about privacy.

"Are you a secret code?" one male content creator asked a woman in an Instagram video. "Because I'm trying to crack you." Some social media users have dubbed Meta's product "pervert glasses."

It's all a bad look for Meta. So the company is making moves to get ahead of the negativity. It has recently publicized new privacy settings for its glasses and has launched a PR blitz to explain them.

Meta Chief Technology Officer Andrew Bosworth posted an Instagram video on Friday, for example, in which he explained how the smart glasses' hands-free camera works.

Alex Schultz talks about Meta Ray-Ban Glasses and its 'big breakthrough' with the SuperBowl

"We designed this camera to be noticed by the people around you, so in every pair of glasses we make, there's a capture LED on the front, and it lights up when someone's taking photos or videos for the gallery," Bosworth said.

Bosworth said the camera has no off switch. It stops working if people try to cover or deactivate it.

"We took this issue all the way across Meta, and we've been taking down content and even whole accounts connected to people misusing the glasses," Bosworth said.

Alex Himel, the vice president of wearables at Meta, also attempted to calm nerves on Friday in a Threads post. He said Meta's smart glasses will not allow users to record if the camera's LED light is blocked before or during recording.

"We're going to keep rolling out updates like this to make sure the capture LED can reliably alert bystanders when photos or videos are being captured for someone's gallery," Himel said.

While the company has suspended accounts that use the cameras to harass people, Business Insider's Katie Notopoulos reported last week that it hasn't been able to catch them all.

Meta has taken strides to make their smart glasses a must-have accessory. The company has partnered with megastars like Kylie Jenner and Teyana Taylor, and it produced a star-studded Super Bowl LX ad to drum up hype.

As AI smart glasses become increasingly accessible, some event and venue organizers are taking a cautious approach with guests. Burning Man told attendees at the 2026 festival, which starts Monday, that they can bring smart glasses, but must get consent before filming anyone. New York City nightclub Basement updated its no-photo-and-video policy to include smart eyewear.

"Anyone bringing smart glasses into the venue, whether wearing them or carrying them in a bag, will be asked to leave and may be permanently banned," the venue said in an Instagram post on Friday.

Organizers for the DEFCON Hacking Conference told attendees in July that smart glasses and similar items are prohibited.

In his Instagram video, Bosworth urged users to watch for the LED light that indicates the cameras are recording.

"Please remember," he added, "the light is there for everyone."

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Lauren Edmonds You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Lauren Edmonds is an award-winning reporter on the Business News team. When news isn't breaking, she covers personal finance, kitchen-table economics, and paths to financial freedom, including investing, real estate, side hustles, and small business. She also writes about guaranteed and universal basic income programs in the United States.Lauren has also covered lifestyle and entertainment, digital culture, and more. She has a master's degree from the Columbia University Graduate School of Journalism and resides in New York City.Do you have an interesting story to tell? You can reach Lauren at [email protected] or on Signal at ledmonds0.07.Popular StoriesNetflix wants to be Disney when it grows up Why Hollywood is paying this 17-year-old up to $20,000 to boost film trailers with TikTok editsHere's all the free money Trump's talked about giving Americans during his second term — and where it all standsA 17-year-old earned $72,000 after investing his e-commerce profits into stocks. Here's why he bet on the tech industry.Lawmakers float a nationwide basic income experiment that would cover the cost of a 2-bedroom apartmentNearly 30,000 Americans have received about $335 million in basic income. Here are 5 takeaways. Americans ditch suffocating healthcare costs and divisive politics to retire in Italy: 'It's the way they approach life'From 'road-schooling' to gas that costs $500, this family of 4 shares what it's like living in a solar-powered Greyhound bus

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Centric Wealth Management acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,875 shares of the electric vehicle producer’s stock, valued at approximately $3,484,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its position in shares of Tesla by 0.9% in the 4th quarter. State Street Corp now owns 114,842,934 shares of the electric vehicle producer’s stock valued at $51,647,164,000 after purchasing an additional 1,080,085 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Tesla by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 65,700,975 shares of the electric vehicle producer’s stock valued at $29,426,070,000 after buying an additional 375,946 shares during the last quarter. Norges Bank acquired a new position in Tesla in the fourth quarter valued at approximately $17,128,100,000. Amundi boosted its holdings in Tesla by 14.0% during the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer’s stock worth $8,243,513,000 after buying an additional 2,727,141 shares in the last quarter. Finally, Corient Private Wealth LLC grew its position in shares of Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the sale, the chief financial officer owned 22,039 shares in the company, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company’s stock.

Tesla Trading Down 1.7% Shares of Tesla stock opened at $348.75 on Friday. The company has a fifty day simple moving average of $360.33 and a 200-day simple moving average of $385.15. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The stock has a market cap of $1.38 trillion, a price-to-earnings ratio of 322.92, a PEG ratio of 17.91 and a beta of 1.83. Tesla (NASDAQ:TSLA – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. On average, equities analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Tesla News Roundup Here are the key news stories impacting Tesla this week:

Positive Sentiment: Tesla is expanding its robotaxi operation beyond Austin and Miami, with longer service hours and a larger unsupervised fleet. State regulators have also approved permits for Tesla to operate robotaxis, supporting the company’s strategy to monetize autonomous driving. Tesla robotaxi expansion Positive Sentiment: Tesla is preparing an August Cybercab rollout beginning with employee rides, while Cybercab production has reportedly started. Investors view the vehicle and robotaxi network as potential long-term revenue opportunities not yet fully reflected in the stock. Cybercab rollout Positive Sentiment: Optimus humanoid robot production has reportedly begun at Tesla’s Fremont facility, and the company is installing additional robotics manufacturing lines. The development strengthens the long-term artificial-intelligence and automation narrative, although meaningful financial benefits may take time. Optimus production Positive Sentiment: Commercial truckmaker Einride expects to receive approximately 75 Tesla Semi trucks in 2026, with the remainder of its 500-truck order scheduled for 2027. The timeline provides evidence of commercial demand, though deliveries will be spread over several years. Einride Tesla Semi order Neutral Sentiment: Tesla announced a September 24 Semi event that could provide updates on autonomous trucking and production plans, making it a potential catalyst but offering no immediate earnings impact. Tesla Semi event Negative Sentiment: Tesla is voluntarily recalling about 3 million vehicles in China over door handles that may fail after severe crashes and inadequate driver-attention monitoring. The recall adds regulatory, cost and reputational risks to the company’s autonomy push. Tesla China recall Negative Sentiment: Criticism intensified after a vehicle using Tesla’s latest FSD software reportedly nearly drove into a train, renewing concerns about system reliability and the gap between supervised assistance and fully autonomous driving. Tesla FSD incident Negative Sentiment: Analysts and investors continue to question Tesla’s valuation because weak margins and traditional EV risks are not easily reconciled with a price-to-earnings ratio above 300. Toyota’s rising electrified-vehicle volume and broader EV competition further challenge Tesla’s automotive leadership. Wall Street Analyst Weigh In Several equities research analysts recently commented on TSLA shares. BMO Capital Markets assumed coverage on shares of Tesla in a research report on Monday, August 17th. They set an “outperform” rating for the company. HSBC reissued a “hold” rating on shares of Tesla in a research report on Monday, June 15th. Roth Capital reissued a “buy” rating and set a $505.00 target price on shares of Tesla in a research note on Thursday, July 23rd. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $475.00 to $445.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $401.74.

Get Our Latest Analysis on TSLA

Tesla Company Profile (Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Flputnam Investment Management Co. acquired a new position in Tesla, Inc. (NASDAQ:TSLA – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,054 shares of the electric vehicle producer’s stock, valued at approximately $2,546,000.

Several other large investors have also made changes to their positions in the business. 180 GPS Investments IC Ltd bought a new stake in Tesla during the 2nd quarter valued at approximately $285,000. Horizon Investment Services LLC bought a new position in Tesla in the 2nd quarter worth approximately $974,000. Global Retirement Partners LLC acquired a new position in shares of Tesla during the second quarter worth approximately $55,979,000. Titiun Yejiel acquired a new position in shares of Tesla during the second quarter worth approximately $2,187,000. Finally, 1ST Source Bank bought a new stake in shares of Tesla in the second quarter valued at approximately $464,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

Tesla Stock Performance NASDAQ:TSLA opened at $348.75 on Friday. The firm has a market capitalization of $1.38 trillion, a PE ratio of 322.92, a price-to-earnings-growth ratio of 17.61 and a beta of 1.83. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The firm has a 50-day moving average price of $360.33 and a 200 day moving average price of $385.15. Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was up 25.5% compared to the same quarter last year. Research analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

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

Positive Sentiment: Tesla is expanding its robotaxi operation beyond Austin and Miami, with longer service hours and a larger unsupervised fleet. State regulators have also approved permits for Tesla to operate robotaxis, supporting the company’s strategy to monetize autonomous driving. Tesla robotaxi expansion Positive Sentiment: Tesla is preparing an August Cybercab rollout beginning with employee rides, while Cybercab production has reportedly started. Investors view the vehicle and robotaxi network as potential long-term revenue opportunities not yet fully reflected in the stock. Cybercab rollout Positive Sentiment: Optimus humanoid robot production has reportedly begun at Tesla’s Fremont facility, and the company is installing additional robotics manufacturing lines. The development strengthens the long-term artificial-intelligence and automation narrative, although meaningful financial benefits may take time. Optimus production Positive Sentiment: Commercial truckmaker Einride expects to receive approximately 75 Tesla Semi trucks in 2026, with the remainder of its 500-truck order scheduled for 2027. The timeline provides evidence of commercial demand, though deliveries will be spread over several years. Einride Tesla Semi order Neutral Sentiment: Tesla announced a September 24 Semi event that could provide updates on autonomous trucking and production plans, making it a potential catalyst but offering no immediate earnings impact. Tesla Semi event Negative Sentiment: Tesla is voluntarily recalling about 3 million vehicles in China over door handles that may fail after severe crashes and inadequate driver-attention monitoring. The recall adds regulatory, cost and reputational risks to the company’s autonomy push. Tesla China recall Negative Sentiment: Criticism intensified after a vehicle using Tesla’s latest FSD software reportedly nearly drove into a train, renewing concerns about system reliability and the gap between supervised assistance and fully autonomous driving. Tesla FSD incident Negative Sentiment: Analysts and investors continue to question Tesla’s valuation because weak margins and traditional EV risks are not easily reconciled with a price-to-earnings ratio above 300. Toyota’s rising electrified-vehicle volume and broader EV competition further challenge Tesla’s automotive leadership. Analyst Ratings Changes TSLA has been the topic of several research analyst reports. Citizens Jmp began coverage on shares of Tesla in a research note on Thursday, July 9th. They issued a “market perform” rating on the stock. HSBC restated a “hold” rating on shares of Tesla in a research report on Monday, June 15th. Robert W. Baird set a $475.00 price objective on shares of Tesla in a report on Monday, July 27th. Canaccord Genuity Group set a $410.00 price objective on shares of Tesla and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $420.00 target price on shares of Tesla in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus price target of $401.74.

Get Our Latest Stock Analysis on Tesla

Tesla Profile (Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

See Also Five stocks we like better than Tesla From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash Venture Into High-Volatility Corners of the Market With These 3 ETFs 3 Retail Stocks to Watch After a Big Consumer Earnings Week Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA – Free Report).

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Tesla's (TSLA -1.71%) biggest near-term risk lies in the two things that CEO Elon Musk believes are its biggest value-creation drivers: Cybercab/robotaxis and Optimus robots. In both cases, the company is aggressively ramping up up-front spending to support its development.

That's fine in itself, but it does expose the company to the risk of bleeding cash if robotaxi and Optimus don't generate earnings and cash flow in line with management's plans.

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Tesla's cash flow dynamics Tesla's free cash flow (FCF) is becoming a stick the bears are using to beat the stock with. The company's capital spending is set to turn it from a cash-generative company to a net user of cash, as its earnings and operating cash flow (OCF) generation fail to offset the increase in spending. The dynamics of Wall Street analysts are shown in the chart, using data courtesy of Visible Alpha.

Data source: Visible Alpha. Chart by author.

Note how OCF growth, mainly from the electric vehicle (EV) business, isn't enough to fully offset the increase in capital spending, and Wall Street expects Tesla to have cash outflows from 2026 to 2028, only to return to FCF generation in 2029 as robotaxi and Optimus revenue starts to kick in, leading to the beginning of a multiyear growth in FCF as robotaxi/Optimus generate a long-term stream of recurring income.

Based on these Wall Street projections, investors shouldn't be perturbed. After all, there's a reason for the elevated levels of capital spending, and it comes down to investing in the growth of robotaxi and Optimus, as well as substantive actions to secure and de-risk its EV and energy supply chain, such as investments in a lithium refinery, AI compute, and lithium iron phosphate (LFP) battery production.

The ultimate aim is to support long-term growth that would otherwise be threatened if these investments aren't made.

However, if there's a delay in the growth of robotaxi/Optimus revenue, there will be negative consequences for Tesla's cash flow, not least because it won't be able to significantly moderate capital spending on essential growth investments. This would put more pressure on the EV business to generate the earnings and cash flow necessary to support it, even as Tesla's focus shifts toward investment in Cybercab/robotaxi and Optimus.

Moreover, if there are significant delays in Cybercabs/robotaxis, there's likely to be a highly visible abundance of inactive Cybercabs, which represent cash usage and a drain on liquidity.

What will it mean for the investment case? Any delay to Wall Street expectations would likely pressure the stock, as investors potentially focus more on weaker FCF generation due to lower-than-expected revenue and rising capital spending.

Image source: Tesla.

That said, Tesla can still generate billions in cash from its EV and energy business, and it holds a fortress-like balance sheet. According to S&P Global Market Intelligence estimates, Tesla will end 2026 with $23 billion in net cash, so there's little risk it won't be able to fund its growth aspirations. Moreover, there's plenty of evidence that Tesla is making excellent progress on its robotaxi rollout in terms of safety.

Tesla has real potential to achieve its long-term aims. Still, investors need to take a long-term view of the stock and be prepared for any near-term volatility if Cybercab/robotaxi, in particular, is delayed. Overall, the stock remains attractive, but patience is required.

BNP Paribas decreased its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 21.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,446 shares of the ride-sharing company’s stock after selling 47,747 shares during the quarter. BNP Paribas’ holdings in Uber Technologies were worth $12,464,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital Research Global Investors boosted its stake in Uber Technologies by 2.6% in the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock valued at $9,270,561,000 after buying an additional 2,903,021 shares in the last quarter. Public Investment Fund acquired a new position in Uber Technologies in the second quarter valued at about $5,256,173,439. Geode Capital Management LLC raised its holdings in shares of Uber Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock valued at $3,906,083,000 after purchasing an additional 1,602,596 shares during the last quarter. Norges Bank bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $2,515,094,000. Finally, Northern Trust Corp grew its position in shares of Uber Technologies by 1.5% in the third quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after purchasing an additional 297,132 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In A number of brokerages recently issued reports on UBER. Mizuho set a $112.00 price objective on shares of Uber Technologies in a research note on Thursday, August 6th. BNP Paribas Exane cut Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. Fox Advisors raised Uber Technologies from a “hold” rating to an “outperform” rating in a research note on Monday, May 11th. Tigress Financial increased their price target on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Finally, The Goldman Sachs Group set a $100.00 target price on shares of Uber Technologies in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $104.25.

Get Our Latest Report on UBER Uber Technologies Trading Up 2.6% UBER opened at $78.98 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. Uber Technologies, Inc. has a one year low of $65.41 and a one year high of $101.99. The business’s 50-day simple moving average is $73.72 and its 200-day simple moving average is $73.43. The company has a market cap of $161.32 billion, a P/E ratio of 17.36, a PEG ratio of 6.20 and a beta of 1.13.

Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. Uber Technologies’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities research analysts expect that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

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

Positive Sentiment: AI efficiency is improving. Uber said weekly use of its AI agents has increased 9.4 times while spending has stabilized, suggesting the company is expanding automation without a proportional increase in technology costs. This could support operating leverage and customer-service improvements. Exclusive: Uber cuts AI costs even as usage jumps Positive Sentiment: Analyst support and robotaxi permits provide a catalyst. Citizens reiterated an Outperform rating on Uber and a $100 price target after regulators permitted Uber subsidiary Aviary Services, Tesla, and Waymo to operate robotaxi services. Separately, Uber is adding Baidu’s Apollo Go driverless rides to its platform in Dubai, strengthening its potential role as a marketplace for autonomous transportation. Tesla and Uber Won Robotaxi Permits Positive Sentiment: Delivery and logistics expansion continues. Uber formally launched its voluntary offer to acquire Delivery Hero for €41.50 per share, with acceptance running through November 5. The deal could expand Uber Eats’ international scale and network, while demand from Uber’s food-delivery platform is also supporting Serve Robotics’ delivery-robot business. Uber Publishes Offer Document for its Takeover Offer for Delivery Hero Neutral Sentiment: Bullish long-term arguments remain intact, but valuation and execution matter. Supporters point to Uber’s large user base, network effects, and ability to integrate autonomous vehicles. However, the Delivery Hero transaction brings integration, financing, and competitive risks, while Delivery Hero recently reported a €392 million first-half net loss despite stronger revenue and raised guidance. Uber Stock Is 20% Off Its All-Time High Negative Sentiment: A major regulatory fine is the clearest overhang. Dutch regulators fined Uber €825 million, or approximately $966 million, over automated driver suspensions and deactivations that allegedly lacked adequate explanations and meaningful human oversight. Uber may appeal, but the case raises potential financial, compliance, and regulatory risks in other markets. Uber’s $966 Million Fine Uber Technologies Company Profile (Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

See Also Five stocks we like better than Uber Technologies 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude? Okta Stock Surges 29%—Is $200 the Next Stop? Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Free Report).

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Envestnet Portfolio Solutions Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 13.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 517,750 shares of the e-commerce giant’s stock after buying an additional 62,417 shares during the period. Amazon.com comprises 0.6% of Envestnet Portfolio Solutions Inc.’s investment portfolio, making the stock its 26th largest position. Envestnet Portfolio Solutions Inc.’s holdings in Amazon.com were worth $123,380,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Gryphon Financial Partners LLC lifted its stake in Amazon.com by 7.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock valued at $15,221,000 after acquiring an additional 5,125 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in shares of Amazon.com by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock worth $63,285,000 after acquiring an additional 5,104 shares in the last quarter. Narwhal Capital Management raised its holdings in shares of Amazon.com by 2.3% in the fourth quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant’s stock valued at $49,997,000 after purchasing an additional 4,854 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Amazon.com by 21.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant’s stock valued at $5,690,463,000 after purchasing an additional 4,275,942 shares during the last quarter. Finally, Blue Chip Partners LLC lifted its position in shares of Amazon.com by 1.8% in the first quarter. Blue Chip Partners LLC now owns 147,461 shares of the e-commerce giant’s stock worth $30,712,000 after purchasing an additional 2,583 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth AMZN has been the topic of several analyst reports. Mizuho set a $330.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 31st. Robert W. Baird set a $310.00 target price on Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 31st. Oppenheimer restated an “outperform” rating on shares of Amazon.com in a research note on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, June 18th. Finally, Royal Bank Of Canada increased their price objective on Amazon.com from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.09.

Read Our Latest Research Report on Amazon.com Amazon.com Price Performance Shares of Amazon.com stock opened at $266.43 on Friday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $251.62 and a two-hundred day simple moving average of $240.45. The stock has a market capitalization of $2.87 trillion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same quarter last year, the company earned $1.68 EPS. The company’s revenue was up 19.6% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 8.05 EPS for the current year.

Key Stories Impacting Amazon.com Here are the key news stories impacting Amazon.com this week:

Positive Sentiment: Evercore raises target on agentic AI potential. Evercore ISI lifted its AMZN price target to $355 from $315.16 and maintained an Outperform rating. The firm believes agentic AI could improve retail growth and strengthen trends across Amazon Web Services (AWS), advertising and e-commerce. Why is Amazon stock surging 4% today Positive Sentiment: Expanded Nvidia partnership reinforces AI demand. Amazon plans to add 2 million Nvidia GPUs to its data centers in 2027–2028, bringing its announced commitment to roughly 3 million chips. The spending signals strong expected demand for AWS AI capacity and helped distinguish Amazon positively within the AI infrastructure sector. Amazon just tripled its order of Nvidia chips over surging demand Positive Sentiment: AWS and AI economics remain major growth catalysts. Reports cited approximately 37% AWS revenue growth to $42.2 billion in the second quarter, while Amazon’s AI and chip businesses each reached annualized revenue run rates above $25 billion. Analysts also highlighted solid retail profitability and long-term cloud adoption. Amazon Stock: AI Investment Gains Momentum as AWS Revenue Surges Positive Sentiment: New distribution and energy initiatives support the platform. Amazon plans to expand Prime Air drone delivery to nearly 500 U.S. cities by year-end, while new power-purchase agreements add 600 megawatts of carbon-free electricity and support data-center expansion. Amazon is about to six times its drone delivery footprint Neutral Sentiment: Amazon-backed Zoox is launching robotaxi service in San Francisco, creating a potential long-term growth option but adding an unproven business with significant execution requirements. Amazon-backed Zoox launches robotaxis in San Francisco Negative Sentiment: AI spending is raising return-on-investment concerns. The enlarged GPU commitment adds to an already substantial capital budget, prompting investors to question whether AWS demand and AI monetization will justify the cost. Amazon’s post-earnings gains have also partially faded, and billionaire Bill Ackman reportedly shifted from Amazon to Microsoft. Negative Sentiment: California litigation over alleged price-fixing remains an overhang, although a judge indicated the state’s request to block Amazon’s practices would likely be denied. Judge likely to deny California’s bid to stop Amazon’s alleged price fixing Insider Buying and Selling In other news, SVP David Zapolsky sold 9,258 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the transaction, the chief executive officer owned 2,235,766 shares of the company’s stock, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock worth $18,580,205 in the last quarter. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Company Profile (Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Read More Five stocks we like better than Amazon.com 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude? Okta Stock Surges 29%—Is $200 the Next Stop?

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Greenleaf Trust trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 461,920 shares of the e-commerce giant’s stock after selling 4,126 shares during the period. Amazon.com makes up approximately 1.1% of Greenleaf Trust’s holdings, making the stock its 9th largest holding. Greenleaf Trust’s holdings in Amazon.com were worth $110,094,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC increased its position in shares of Amazon.com by 7.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock worth $15,221,000 after purchasing an additional 5,125 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in Amazon.com by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock worth $63,285,000 after buying an additional 5,104 shares during the last quarter. Narwhal Capital Management grew its stake in Amazon.com by 2.3% during the fourth quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant’s stock worth $49,997,000 after buying an additional 4,854 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Amazon.com by 21.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant’s stock worth $5,690,463,000 after buying an additional 4,275,942 shares in the last quarter. Finally, Blue Chip Partners LLC increased its holdings in shares of Amazon.com by 1.8% during the first quarter. Blue Chip Partners LLC now owns 147,461 shares of the e-commerce giant’s stock worth $30,712,000 after buying an additional 2,583 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 4.0% Shares of AMZN opened at $266.43 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The firm has a market capitalization of $2.87 trillion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45. The stock’s fifty day simple moving average is $251.62 and its 200-day simple moving average is $240.45.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The company’s revenue was up 19.6% on a year-over-year basis. During the same period last year, the company earned $1.68 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 8.05 earnings per share for the current year. Insider Buying and Selling In other Amazon.com news, CEO Matthew S. Garman sold 14,541 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the transaction, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the sale, the chief executive officer directly owned 476,681 shares of the company’s stock, valued at $123,465,145.81. This represents a 1.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 71,589 shares of company stock worth $18,580,205. 8.90% of the stock is currently owned by company insiders.

Key Headlines Impacting Amazon.com Here are the key news stories impacting Amazon.com this week:

Positive Sentiment: Evercore raises target on agentic AI potential. Evercore ISI lifted its AMZN price target to $355 from $315.16 and maintained an Outperform rating. The firm believes agentic AI could improve retail growth and strengthen trends across Amazon Web Services (AWS), advertising and e-commerce. Why is Amazon stock surging 4% today Positive Sentiment: Expanded Nvidia partnership reinforces AI demand. Amazon plans to add 2 million Nvidia GPUs to its data centers in 2027–2028, bringing its announced commitment to roughly 3 million chips. The spending signals strong expected demand for AWS AI capacity and helped distinguish Amazon positively within the AI infrastructure sector. Amazon just tripled its order of Nvidia chips over surging demand Positive Sentiment: AWS and AI economics remain major growth catalysts. Reports cited approximately 37% AWS revenue growth to $42.2 billion in the second quarter, while Amazon’s AI and chip businesses each reached annualized revenue run rates above $25 billion. Analysts also highlighted solid retail profitability and long-term cloud adoption. Amazon Stock: AI Investment Gains Momentum as AWS Revenue Surges Positive Sentiment: New distribution and energy initiatives support the platform. Amazon plans to expand Prime Air drone delivery to nearly 500 U.S. cities by year-end, while new power-purchase agreements add 600 megawatts of carbon-free electricity and support data-center expansion. Amazon is about to six times its drone delivery footprint Neutral Sentiment: Amazon-backed Zoox is launching robotaxi service in San Francisco, creating a potential long-term growth option but adding an unproven business with significant execution requirements. Amazon-backed Zoox launches robotaxis in San Francisco Negative Sentiment: AI spending is raising return-on-investment concerns. The enlarged GPU commitment adds to an already substantial capital budget, prompting investors to question whether AWS demand and AI monetization will justify the cost. Amazon’s post-earnings gains have also partially faded, and billionaire Bill Ackman reportedly shifted from Amazon to Microsoft. Negative Sentiment: California litigation over alleged price-fixing remains an overhang, although a judge indicated the state’s request to block Amazon’s practices would likely be denied. Judge likely to deny California’s bid to stop Amazon’s alleged price fixing Wall Street Analyst Weigh In Several brokerages have recently commented on AMZN. Rosenblatt Securities initiated coverage on Amazon.com in a report on Thursday, August 20th. They issued a “buy” rating and a $335.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $320.00 price objective (down from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Raymond James Financial reissued an “outperform” rating and issued a $390.00 price objective (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. TD Cowen restated a “buy” rating and set a $350.00 target price (up from $340.00) on shares of Amazon.com in a report on Friday, July 31st. Finally, Citizens Jmp restated a “market outperform” rating and issued a $315.00 target price on shares of Amazon.com in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $323.09.

Check Out Our Latest Analysis on AMZN

About Amazon.com (Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Cardinal Capital Management Inc. raised its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,815 shares of the software giant’s stock after buying an additional 3,163 shares during the period. Cardinal Capital Management Inc.’s holdings in Microsoft were worth $29,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of MSFT. Longfellow Investment Management Co. LLC grew its holdings in Microsoft by 51.3% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after acquiring an additional 20 shares during the last quarter. Shepherd Kaplan Krochuk LLC raised its stake in shares of Microsoft by 4.9% in the third quarter. Shepherd Kaplan Krochuk LLC now owns 431 shares of the software giant’s stock worth $223,000 after acquiring an additional 20 shares during the last quarter. Fischer Investment Strategies LLC raised its stake in shares of Microsoft by 3.1% in the fourth quarter. Fischer Investment Strategies LLC now owns 697 shares of the software giant’s stock worth $337,000 after acquiring an additional 21 shares during the last quarter. Pollock Investment Advisors LLC lifted its position in shares of Microsoft by 0.8% during the third quarter. Pollock Investment Advisors LLC now owns 2,805 shares of the software giant’s stock worth $1,453,000 after purchasing an additional 21 shares in the last quarter. Finally, Better Money Decisions LLC lifted its position in shares of Microsoft by 0.6% during the second quarter. Better Money Decisions LLC now owns 3,498 shares of the software giant’s stock worth $1,740,000 after purchasing an additional 21 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets A number of brokerages recently weighed in on MSFT. The Goldman Sachs Group reissued a “buy” rating and issued a $640.00 price target on shares of Microsoft in a report on Thursday, July 30th. CLSA reiterated an “outperform” rating on shares of Microsoft in a research report on Thursday, July 30th. Wells Fargo & Company lifted their target price on Microsoft from $650.00 to $700.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Barclays dropped their target price on Microsoft from $545.00 to $512.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Finally, Piper Sandler raised their price target on Microsoft from $540.00 to $550.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Forty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $560.27.

View Our Latest Stock Report on MSFT Insider Activity In other news, CEO Judson Althoff sold 15,500 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $460.99, for a total transaction of $7,145,345.00. Following the sale, the chief executive officer owned 110,477 shares of the company’s stock, valued at $50,928,792.23. This trade represents a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 4,810 shares of Microsoft stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $496.48, for a total value of $2,388,068.80. Following the transaction, the executive vice president owned 42,677 shares in the company, valued at $21,188,276.96. This trade represents a 10.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 37,310 shares of company stock worth $17,256,219. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 1.7% Shares of Microsoft stock opened at $513.53 on Friday. The business has a fifty day simple moving average of $430.87 and a 200 day simple moving average of $412.45. The stock has a market cap of $3.81 trillion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 1.63 and a beta of 1.11. The company has a quick ratio of 1.22, a current ratio of 1.23 and a debt-to-equity ratio of 0.07. Microsoft Corporation has a 12 month low of $349.20 and a 12 month high of $553.72.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The software giant reported $4.74 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.50. The business had revenue of $90.01 billion for the quarter, compared to analyst estimates of $87.62 billion. Microsoft had a net margin of 40.31% and a return on equity of 31.98%. Microsoft’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.65 EPS. Research analysts predict that Microsoft Corporation will post 19.59 EPS for the current year.

Microsoft Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 20th. Microsoft’s dividend payout ratio (DPR) is presently 20.27%.

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

Positive Sentiment: Microsoft’s strong Azure and cloud performance helped drive a rally of roughly 48% from its June low, with the stock reaching a 10-month high and moving above a technical buy point. A recently formed “golden cross,” in which the 50-day moving average moved above the 200-day average, also supports bullish momentum. Bull v. Bear: MSFT Hits 2026 High, is a New Record Next? Positive Sentiment: Microsoft is reportedly in early discussions with Moonshot AI regarding its Kimi K3 model. A potential arrangement could add another AI service to Azure and create a new revenue stream, although negotiations are not finalized. MSFT Stock Alert: Moonshot Could Give Microsoft Another AI Revenue Stream Positive Sentiment: Microsoft’s deployment of more than 25 AI agents across its supply chain illustrates early enterprise use cases for agentic AI, including demand forecasting, freight routing and inventory management. Successful internal deployments could support broader adoption of Microsoft’s AI tools. Microsoft Puts 25 AI Agents to Work on Supply Chain Costs Positive Sentiment: Microsoft is spending heavily on AI infrastructure—approximately $175 billion this year—and has reassured employees that data-center investment is intended to support long-term growth. Azure reportedly surpassed $100 billion, while contracted backlog and commercial bookings remain major valuation supports. Microsoft Reassures Employees About AI Data Center Impacts Neutral Sentiment: Microsoft’s gains have helped lift major indexes, but the strength is concentrated in a few mega-cap technology stocks while small caps and many sectors weaken as bond yields rise. This creates a broader market-risk backdrop despite Microsoft’s relative strength. Dow Jones Futures: Microsoft, Titans Mask Market Weakness Negative Sentiment: One analyst argued that Microsoft’s valuation rerating may be largely complete for now, raising the risk of profit-taking after the recent monthly rally. At the current valuation, further gains may require continued upward revisions to cloud and AI growth expectations. Microsoft: The Rerating Is Probably Over For Now Microsoft Profile (Free Report)

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

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

Featured Articles Five stocks we like better than Microsoft 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude? Okta Stock Surges 29%—Is $200 the Next Stop?

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Annex Advisory Services LLC cut its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 235,346 shares of the software giant’s stock after selling 3,595 shares during the quarter. Microsoft makes up approximately 1.5% of Annex Advisory Services LLC’s holdings, making the stock its 19th biggest position. Annex Advisory Services LLC’s holdings in Microsoft were worth $87,789,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Longfellow Investment Management Co. LLC grew its holdings in Microsoft by 51.3% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock valued at $29,000 after buying an additional 20 shares in the last quarter. Bernzott Capital Advisors purchased a new stake in shares of Microsoft during the 4th quarter worth approximately $34,000. Timmons Wealth Management LLC purchased a new stake in shares of Microsoft during the 4th quarter worth approximately $36,000. Fairway Wealth LLC boosted its position in shares of Microsoft by 287.0% during the 4th quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock valued at $43,000 after acquiring an additional 66 shares during the last quarter. Finally, LSV Asset Management purchased a new position in shares of Microsoft in the fourth quarter valued at $44,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes Several equities research analysts recently weighed in on MSFT shares. Guggenheim restated a “buy” rating and issued a $586.00 price target on shares of Microsoft in a research report on Monday, July 27th. Arete Research lifted their price objective on shares of Microsoft from $730.00 to $870.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Oppenheimer restated an “outperform” rating and issued a $515.00 target price on shares of Microsoft in a report on Wednesday, July 22nd. Wells Fargo & Company upped their target price on shares of Microsoft from $650.00 to $700.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, UBS Group set a $525.00 price target on shares of Microsoft in a report on Thursday, July 30th. Forty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $560.27.

Read Our Latest Analysis on MSFT Insider Activity In other Microsoft news, CEO Judson Althoff sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $487.89, for a total transaction of $4,878,900.00. Following the transaction, the chief executive officer owned 100,447 shares of the company’s stock, valued at approximately $49,007,086.83. This trade represents a 9.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 4,810 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $496.48, for a total transaction of $2,388,068.80. Following the completion of the sale, the executive vice president owned 42,677 shares of the company’s stock, valued at approximately $21,188,276.96. This represents a 10.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,310 shares of company stock valued at $17,256,219 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Up 1.7% Shares of NASDAQ MSFT opened at $513.53 on Friday. Microsoft Corporation has a 52-week low of $349.20 and a 52-week high of $553.72. The firm has a market capitalization of $3.81 trillion, a price-to-earnings ratio of 28.59, a PEG ratio of 1.63 and a beta of 1.11. The stock has a 50 day moving average price of $430.87 and a 200 day moving average price of $412.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.23.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The software giant reported $4.74 EPS for the quarter, topping the consensus estimate of $4.24 by $0.50. Microsoft had a return on equity of 31.98% and a net margin of 40.31%.The company had revenue of $90.01 billion for the quarter, compared to the consensus estimate of $87.62 billion. During the same period last year, the business posted $3.65 EPS. Microsoft’s quarterly revenue was up 17.7% on a year-over-year basis. Sell-side analysts expect that Microsoft Corporation will post 19.59 earnings per share for the current year.

Microsoft Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.91 per share. The ex-dividend date is Thursday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 0.7%. Microsoft’s dividend payout ratio (DPR) is currently 20.27%.

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

Positive Sentiment: Microsoft’s strong Azure and cloud performance helped drive a rally of roughly 48% from its June low, with the stock reaching a 10-month high and moving above a technical buy point. A recently formed “golden cross,” in which the 50-day moving average moved above the 200-day average, also supports bullish momentum. Bull v. Bear: MSFT Hits 2026 High, is a New Record Next? Positive Sentiment: Microsoft is reportedly in early discussions with Moonshot AI regarding its Kimi K3 model. A potential arrangement could add another AI service to Azure and create a new revenue stream, although negotiations are not finalized. MSFT Stock Alert: Moonshot Could Give Microsoft Another AI Revenue Stream Positive Sentiment: Microsoft’s deployment of more than 25 AI agents across its supply chain illustrates early enterprise use cases for agentic AI, including demand forecasting, freight routing and inventory management. Successful internal deployments could support broader adoption of Microsoft’s AI tools. Microsoft Puts 25 AI Agents to Work on Supply Chain Costs Positive Sentiment: Microsoft is spending heavily on AI infrastructure—approximately $175 billion this year—and has reassured employees that data-center investment is intended to support long-term growth. Azure reportedly surpassed $100 billion, while contracted backlog and commercial bookings remain major valuation supports. Microsoft Reassures Employees About AI Data Center Impacts Neutral Sentiment: Microsoft’s gains have helped lift major indexes, but the strength is concentrated in a few mega-cap technology stocks while small caps and many sectors weaken as bond yields rise. This creates a broader market-risk backdrop despite Microsoft’s relative strength. Dow Jones Futures: Microsoft, Titans Mask Market Weakness Negative Sentiment: One analyst argued that Microsoft’s valuation rerating may be largely complete for now, raising the risk of profit-taking after the recent monthly rally. At the current valuation, further gains may require continued upward revisions to cloud and AI growth expectations. Microsoft: The Rerating Is Probably Over For Now About Microsoft (Free Report)

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

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

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Arini Capital Management Ltd acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,000 shares of the semiconductor manufacturer’s stock, valued at approximately $8,714,000. Advanced Micro Devices makes up 0.9% of Arini Capital Management Ltd’s investment portfolio, making the stock its 13th largest holding.

Several other large investors have also recently added to or reduced their stakes in the business. Sarver Vrooman Wealth Advisors purchased a new position in Advanced Micro Devices in the 4th quarter valued at approximately $27,000. Cornerstone Financial Management LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $27,000. Basepoint Wealth LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $30,000. Graney & King LLC acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at $31,000. Finally, Main Street Group LTD acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at $33,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades Several research analysts recently commented on AMD shares. JPMorgan Chase & Co. boosted their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Bank of America increased their price target on Advanced Micro Devices from $550.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Mizuho boosted their price objective on Advanced Micro Devices from $615.00 to $625.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Advanced Micro Devices in a research note on Monday, August 3rd. Finally, TD Cowen restated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $553.72.

Check Out Our Latest Report on Advanced Micro Devices Insider Transactions at Advanced Micro Devices In related news, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the transaction, the executive vice president directly owned 160,979 shares of the company’s stock, valued at $76,316,924.32. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president owned 1,261,461 shares in the company, valued at $595,245,602.07. This represents a 2.23% 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. Over the last three months, insiders sold 241,203 shares of company stock worth $114,011,942. Insiders own 0.50% of the company’s stock.

Trending Headlines about Advanced Micro Devices Here are the key news stories impacting Advanced Micro Devices this week:

Positive Sentiment: AI demand and product roadmap remain strong: AMD’s previously announced rack-scale platforms and server products are moving closer to deployment, supporting expectations for continued data-center growth. Recent results showed revenue up 50% year over year to $11.54 billion, while management guided to roughly $13 billion in third-quarter revenue. AMD stock ran its published roadmap Positive Sentiment: Strategic Nutanix partnership broadens AMD’s AI offering: AMD’s equity investment and joint development agreement with Nutanix could help deliver integrated, open AI inference systems that compete with Nvidia’s software-centric platform. AMD and Nutanix strategic partnership Neutral Sentiment: Analyst comparisons favor rivals on risk-reward: Commentary argues Broadcom offers better diversification and a lower valuation, while Nvidia’s stronger profitability, CUDA ecosystem and recent outperformance give it an advantage over AMD. These comparisons may limit enthusiasm despite AMD’s growth prospects. Broadcom versus AMD risk-reward comparison Negative Sentiment: Potential tariffs increase cost and supply-chain risk: Reports that the administration may extend semiconductor tariffs to products containing chips, including data-center servers, have raised concerns about higher costs and disrupted hardware supply chains. Why AMD stock is sliding Negative Sentiment: Profit-taking and selling activity weigh on sentiment: ARK Invest sold approximately $18 million of AMD shares while reallocating capital to Broadcom and Cerebras. AMD EVP Jean Hu also sold $7.1 million of stock under a pre-arranged Rule 10b5-1 plan, although she retained a substantial position. Cathie Wood sold AMD stock Advanced Micro Devices Stock Performance Shares of AMD opened at $465.58 on Friday. The stock has a 50 day moving average price of $505.66 and a 200 day moving average price of $384.43. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $760.05 billion, a price-to-earnings ratio of 119.69 and a beta of 2.48. Advanced Micro Devices, Inc. has a 52-week low of $149.22 and a 52-week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm’s revenue was up 50.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 earnings per share. Research analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

(Free Report)

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

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

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