Track market-moving stories before they get noisy

DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company”) announced today that the Company will release second quarter 2026 financial results after the market closes on Wednesday, August 5, 2026. A conference call will be held on Thursday, August 6, 2026 at 10:30 a.m. Eastern Time.

Webcast:
A webcast of the conference call will be available on the Investors section of the Company’s website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software.

To Participate in the Telephone Conference Call:
Dial in at least 15 minutes prior to start time:
Domestic: 1-877-407-4018
International: 1-201-689-8471

Conference Call Playback:
Domestic: 1-844-512-2921
International: 1-412-317-6671
Pass code: 13759099
The playback can be accessed through Thursday, August 20, 2026.

About Texas Pacific Land Corporation

Texas Pacific Land Corporation is one of the largest land and royalty owners in the State of Texas, with the majority of its ownership concentrated in the Permian Basin. The Company is not an oil and gas producer, but its land and royalty ownership provides revenue opportunities throughout the life cycle of a well. These revenue opportunities include fixed fee payments for use of the Company’s land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and/or treated produced water, revenue from the Company’s oil and gas royalty interests, and revenue related to saltwater disposal on the Company’s land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases and temporary permits principally related to a variety of land uses including, but not limited to, midstream infrastructure projects and hydrocarbon processing facilities.

Visit TPL at texaspacific.com.

The US government just moved approximately $9.29 million worth of Ethereum to Coinbase Prime, sourced from wallets tied to the FTX and Alameda Research collapse. The transfer, flagged by blockchain analytics firm Arkham Intelligence, involved roughly 4,820 ETH and represents the latest chapter in Washington’s slow, methodical approach to offloading billions in seized crypto.

What actually moved, and what else came along for the ride The Ethereum wasn’t traveling alone. Alongside the 4,820 ETH, the government-controlled wallet also relocated around 5.489 billion SHIB tokens, 631.7 thousand POWR tokens, and 1.06 million AERGO tokens to new addresses during the same transaction window.

The assets originated from wallets seized following the spectacular implosion of FTX in late 2022, when Sam Bankman-Fried’s exchange and its sister trading firm Alameda Research collapsed, vaporizing billions in customer funds. Coinbase Prime, the institutional arm of the largest US-based crypto exchange, was selected by the US Marshals Service in 2024 to serve as the custodian for these forfeited digital assets.

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A pattern of controlled deposits This wasn’t a one-off event. The July 15 transfer follows a pattern that has been building throughout 2026. In May, approximately $1.9 million in altcoins from the same FTX/Alameda seizure pool were deposited to Coinbase Prime. Smaller transactions followed in June.

No sales or further movements from the July 15 deposit have been reported as of the latest available data. Moving tokens to Coinbase Prime doesn’t automatically mean they’re being sold. The platform offers custody services alongside trading capabilities, so the government could be repositioning assets for eventual over-the-counter transactions rather than dumping them into the open market order book.

For context, the US government’s total seized crypto portfolio exceeds $20 billion. A $9.29 million Ethereum deposit represents roughly 0.046% of that total.

The FTX aftermath continues to unwind The FTX collapse remains one of the most consequential events in crypto history. When the exchange imploded in November 2022, it triggered a cascade of failures across the industry and left creditors scrambling to recover funds. Bankman-Fried was subsequently convicted and sentenced, but the recovery process for affected users has been grinding forward through bankruptcy proceedings and government asset liquidation ever since.

The May, June, and now July transfers have been relatively modest in size, and there’s no evidence of immediate large-scale selling following any of these deposits. For Ethereum specifically, the 4,820 ETH moved in this transaction represents a tiny fraction of daily trading volume, which routinely exceeds billions of dollars.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

, /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the third quarter of 2026:

A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on September 15, 2026, to holders of record of such Common Shares as of the close of business on September 1, 2026; A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; A dividend of $15.3125 per share (equivalent to $.382813 per depositary share (NYSE: KEY.I)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (CUSIP #493267801), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; A dividend of $14.1250 per share (equivalent to $.353125 per depositary share (NYSE: KEY.J)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (CUSIP #493267884), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; A dividend of $14.0625 per share (equivalent to $.351563 per depositary share (NYSE: KEY.K)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (CUSIP #493267850), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; and A dividend of $15.50 per share (equivalent to $.3875 per depositary share (NYSE: KEY.L)) on the corporation's outstanding Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H (CUSIP #493267835), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026. About KeyCorp

KeyCorp's roots trace back more than 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $189 billion at March 31, 2026.

Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 950 branches and approximately 1,100 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.

SOURCE KeyCorp

Aave V4 is now live on Avalanche, bringing V4’s all-new Hub and Spoke architecture to a network where Aave has a long track record of success. This is V4’s first multi-chain deployment, and it launches with one Core Liquidity Hub and a Main market, AVAX Correlated market, and Forex market.

Five Years on Avalanche Aave was first deployed on Avalanche in 2021, when V2 launched during the Avalanche Rush program and quickly became one of the network's largest protocols. Avalanche then became one of the early networks to run Aave V3 in 2022.

On Avalanche, Aave has held billions of dollars at its peaks and has processed more than $15 billion in all-time cumulative inflows across V2 and V3. Today the V3 market supports 18 assets, with stablecoin utilization running above 90 percent signaling the high borrow demand

Avalanche V4 Deployment The Core Liquidity Hub holds the deployment's shared liquidity in WAVAX, sAVAX, BTC.b, USDC, USDT, WETH.e, and EURC. Every market draws from this single pool, so liquidity stays deep instead of fragmenting across separate venues.

The Main market is the general-purpose venue for lending and borrowing, and it is expected to hold the majority of the deployment's liquidity. It accepts the broadest collateral set in the deployment, with users supplying WAVAX, BTC.b, USDC, USDT, or WETH.e and USDC, USDT, EURC, WAVAX, BTC.b, and WETH.e as borrowable assets.

The AVAX Correlated market is dedicated to AVAX liquid staking strategies. Users can supply sAVAX at a 95 percent collateral factor and borrow WAVAX as the only borrowable asset.

Lastly, the Forex market supports trading and hedging across fiat-pegged stablecoins. EURC, USDC, and USDT each serve as collateral and can be borrowed against one another, with conservative caps set at launch to account for EURC's limited secondary market liquidity.

Getting Started Avalanche users can supply and borrow on V4 today. Find the Avalanche market on Aave Pro to get started. The full deployment specification, including risk parameters and caps for every asset, is available on the Aave governance forum.

Need help or want to learn more?

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Key Takeaways COHR raised its outlook and highlighted record backlog visibility extending through 2028.COHR expects fiscal 2027 growth to outpace fiscal 2026 while ramping its 6-inch indium phosphide platform.COHR continues to outperform key optical networking peers with stronger AI infrastructure exposure. Coherent (COHR - Free Report) appears to offer a more compelling investment opportunity following its recent post-earnings correction. The stock retreated despite the company delivering a strong quarterly performance, raising its outlook and highlighting record backlog visibility extending through 2028.

Management also reaffirmed that fiscal 2027 growth is expected to exceed fiscal 2026 levels while continuing to ramp production of its 6-inch indium phosphide platform, a critical technology supporting next-generation AI networking. The sharp decline came after an extraordinary rally rather than any deterioration in business fundamentals, reflecting a reset in investor expectations. COHR remains up an impressive 218% over the past year, even after declining 19% over the past month.

                                                           Image Source: Zacks Investment Research

Although the stock trades at a forward 12-month price-to-earnings ratio of 36.29X, above the industry average of 20.89X, the recent correction has made the valuation more reasonable relative to its long-term growth prospects.

                                                                  Image Source: Zacks Investment Research

Supporting this view, the Zacks Consensus Estimate for 2026 earnings is pegged at $5.47, indicating 55% year over year growth. The consensus mark for 2026 revenues stands at 7.06 billion, suggesting 21.5% year over year growth.

Coherent Continues to Outperform Key PeersCompared with optical networking peers Lumentum (LITE - Free Report) and Fabrinet (FN - Free Report) , Coherent continues to benefit from stronger exposure to AI infrastructure investments and increasing demand for high-speed optical connectivity. While LITE and FN are well-positioned to capitalize on data center upgrades, Coherent has strengthened its competitive standing through manufacturing expansion, long-term customer commitments and improved backlog visibility.

The company is also demonstrating an ability to translate robust demand into profitable growth while maintaining confidence in future expansion. As AI infrastructure spending continues to accelerate, Lumentum, Fabrinet and Coherent are all expected to benefit. However, Coherent currently combines superior growth visibility, expanding production capacity and a more attractive post-correction valuation, making it stand out among its optical networking peers.

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

Key Takeaways DNLI won FDA approval for Avlayah, the first new Hunter syndrome therapy option in nearly 20 years.DNLI discontinued BIIB122 after a mid-stage trial missed primary and secondary goals.Denali continues advancing multiple pipeline programs, with BEACON data expected in the first half of 2027. Denali Therapeutics, Inc. (DNLI - Free Report) is developing innovative therapies for neurodegenerative diseases using its proprietary TransportVehicle platform, which is designed to help medicines cross the blood-brain barrier.

The company is currently developing drugs for neurodegenerative diseases, lysosomal storage disorders and other serious diseases.

It received a significant boost earlier this year with the FDA approval of its lead drug, Avlayah, for the treatment of Hunter syndrome. Avlayah is an enzyme replacement therapy indicated for pediatric patients with Hunter syndrome (MPS II), targeting neurological symptoms when initiated early.

This accelerated approval is particularly noteworthy as it introduces the first new therapeutic option for this rare disorder in nearly two decades.

Denali is also advancing several other pipeline candidates either alone or in collaboration with other partners.

The company’s clinical-stage portfolio includes DNL126 for Sanfilippo syndrome type A (MPS IIIA), DNL593 for GRN-related frontotemporal dementia, DNL952 for Pompe disease and DNL628 for Alzheimer's disease.

Denali is also advancing several early-stage pipeline candidates, including DNL921 for Alzheimer's disease, DNL111 for Parkinson’s and Gaucher diseases, DNL622 for Hurler syndrome (MPS I), and DNL422 (OTV) for Parkinson’s disease.

Denali has also collaborated with other pharma and biotech giants like Sanofi, Biogen (BIIB - Free Report) and Takeda (TAK - Free Report) to develop other candidates.

However, recent pipeline setbacks are concerning. In May 2026, Denali and partner Biogen reported disappointing mid-stage results for BIIB122 (DNL151) in early-stage Parkinson's disease, with the study missing both its primary and secondary endpoints.

Biogen and Denali subsequently discontinued the development of BIIB122 in idiopathic Parkinson’s disease.

Nonetheless, Denali will continue to independently advance the phase IIa BEACON study evaluating the small-molecule inhibitor in patients carrying pathogenic LRRK2 variants.

The global BEACON study is designed to assess safety, pharmacokinetics and biomarkers of lysosomal pathway engagement.

Data from the BEACON study is expected in the first half of 2027. The study is being led by Denali and funded through a Collaboration and Development Funding Agreement with a third party.

Earlier, in April 2026, partner Takeda ended its collaboration on DNL593 for frontotemporal dementia associated with GRN mutations, returning full rights to Denali. While Takeda stated the decision reflected strategic priorities rather than safety or efficacy concerns, the loss of a major pharmaceutical partner reduces external validation and shifts the full development and financial burden to Denali.

Competition for DNLI in Parkinson’s DiseasePharma giant Roche (RHHBY - Free Report) is developing prasinezumab, a potential first-in-class antibody for the treatment of Parkinson’s disease that is designed to target a key epitope within the C-terminus of alpha-synuclein, in partnership with Prothena.

Roche is conducting the phase III PARAISO study in approximately 900 participants with early-stage Parkinson's disease, with the study's primary completion expected in 2029.

Denali’s Price, Valuation and EstimatesShares of the company have surged 37.9% year to date compared with the industry’s growth of 1.1%.

Image Source: Zacks Investment Research

Going by the price/book ratio, DNLI’s shares currently trade at 3.88X, higher than its mean of 3.02X and the industry’s mean of 3.52X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for 2026 loss per share is unchanged at $2.77 over the past 60 days, while that for 2027 loss has narrowed to $2.53 from $2.57 in the same time frame.

Image Source: Zacks Investment Research

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Independent testing across 16 security vendors confirms Elastic Security leads on prevention, accuracy, and performance

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, today announced that Elastic Security earned the only 100% malware protection score among 16 security vendors in the AV-Comparatives 2026 Business Security Test, covering the March–June 2026 test period. Elastic Security also tied for the highest score in the Real-World Protection Test with a 99.8% protection rate and earned the AV-Comparatives Approved Business Product Award.

The AV-Comparatives Business Security Test is one of the industry's most rigorous independent evaluations, running on fully patched Windows 11 across two distinct test disciplines. The Malware Protection Test simulates on-disk and LAN-delivered threats across 1,000 recent malware samples, while the Real-World Protection Test replicates active browsing-based threats such as malicious URLs, drive-by exploits, and socially engineered downloads across 400 test cases run continuously over four months. Together, they measure whether enterprise security products can catch threats at every stage without generating noise that buries security teams.

Elastic Security blocked all 1,000 malware samples in the Malware Protection Test (the only vendor in the field to do so) and stopped 399 of 400 threats in the Real-World Protection Test, tying with Kaspersky and Bitdefender for the highest score in that test. Both results were achieved with zero false alarms on common business software, the accuracy threshold AV-Comparatives requires for certification.

"Security teams are measured against the impossible standard to stop everything, slow nothing, alert only on what matters," said Mike Nichols, general manager, Security at Elastic. "These results from AV-Comparatives confirm that Elastic meets that standard in independent, unfiltered testing. It achieved the only perfect malware protection score in the field, top-tier real-world coverage, and zero false alarms on the software businesses actually run."

At the core of these results is Elastic Defend, the native endpoint protection layer inside Elastic Security. Elastic Security unifies endpoint protection, SIEM, investigation, response, and automation on a single platform and can ingest telemetry from third-party tools already in use across an organization. It deploys in connected, restricted-network, and fully air-gapped environments, with security content distributed over internal infrastructure where direct internet access is unavailable. For organizations that run unusual internal tooling, Elastic's centralized policy management, trusted application lists, and endpoint exceptions provide the controls to tune detection to their environment.

Additional Materials

Blog: Elastic leads the latest AV-Comparatives Malware Protection Test with a perfect scoreReport: AV-Comparatives 2026 Business Security TestElastic Security product page: elastic.co/securityAbout Elastic

Elastic (NYSE: ESTC), the Search AI Company, integrates its deep expertise in search technology with artificial intelligence to help everyone transform all of their data into answers, actions, and outcomes. Elastic's Search AI Platform — the foundation for its search, observability, and security solutions — is used by thousands of companies, including more than 50% of the Fortune 500. Learn more at elastic.co.

Elastic and associated marks are trademarks or registered trademarks of elasticsearch B.V. and its subsidiaries. All other company and product names may be trademarks of their respective owners.

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WOO X, a leading global centralized digital asset exchange, and Payward Services, the B2B infrastructure platform from Payward, the company behind global crypto platform Kraken, have signed a Memorandum of Understanding (MOU) to bring crypto trading to WOO X’s European users through Payward Services’ trading-as-a-service offering.

Under the agreement, the companies intend to enable spot crypto trading for WOO X’s EU users powered by Payward’s regulated European infrastructure and licensing. WOO X will join a growing roster of financial institutions using Payward Services’ trading-as-a-service offering, including bunq, one of Europe’s leading neobanks.

“We’re excited to bring WOO X the power of fifteen years of Payward’s regulated infrastructure, creating an easy path to meet customer demand with an expanded trading offering and the right licenses to unlock crypto trading across the EU. When partners work with Payward Services, they can launch crypto trading in a few weeks without building complex in-house infrastructure,” said Mark Greenberg, Global Head of Payward Services.

About WOO X WOO X is a leading global centralized digital asset exchange built by traders, for traders. Backed by YZi Labs (formerly Binance Labs) and engineered by a premier team of quantitative traders, engineers, and technologists originating from top-tier Web2 and Web3 projects, WOO X delivers an elite trading environment tailored for both retail and institutional investors. The platform is globally recognized for its superior trade execution, offering deep aggregated liquidity, ultra-tight spreads, and zero-slippage execution.

Prioritizing user trust and platform integrity, WOO X features an industry-first, live-updating Proof of Reserves and Liabilities transparency dashboard. The exchange offers advanced trading architecture, fully customizable workspaces, and professional-grade infrastructure that supports flexible, professional withdrawal standards alongside top-tier asset custody solutions. Driven by a corporate culture of compliance, technical excellence, and relentless innovation, WOO X continues to pioneer transparent, high-performance trading environments for the global digital asset ecosystem.

For more information, visit https://www.wooxpro.com/ ; https://woox.io/ 

Payward Services is the B2B infrastructure platform built on 15 years of operating Kraken, one of the world’s largest crypto platforms. Through a single integration, partners can access crypto and tokenized equity trading, fiat and stablecoin payments, yield, lending, prediction markets and derivatives. Fintechs, banks, brokerages, payment providers, exchanges, consumer tech platforms and asset managers can use Payward Services to offer digital assets to their clients without building the stack themselves.

For more information, visit https://www.payward.com/payward-services .

Risk Disclaimer

The content above is for general informational purposes only and does not constitute investment advice, a recommendation, solicitation, or offer to buy or sell any product or service.

Cryptocurrencies and related instruments involve significant risks, including extreme volatility. You should carefully consider your investment objectives, experience, and risk tolerance before engaging in any crypto-related activities. We strongly recommend consulting a qualified independent financial advisor before making any decisions.

WOO shall not be liable for any direct or indirect loss or damage arising from the use of or reliance on this information.

Nothing in this article creates or implies any partnership, joint venture, agency, or other legal relationship between WOO and its collaborators. Each party remains fully independent and responsible for its own actions and risks. This content does not guarantee any business outcomes, success, or profitability.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

The Injective ecosystem just added another milestone to its growing AI ambitions. The blockchain has officially become a core member of the x402 foundation under the Linux foundation, joining a roster that includes Google, AWS, Visa, Mastercard, Stripe, Coinbase, Circle, and other major industry participants.

It’s a notable development, especially as the race to build infrastructure for AI-driven finance starts shifting from theory to deployment.

AI Infrastructure Moves Beyond The HYPEThe announcement comes just a day after Injective unveiled its new AI agent SDK, giving developers a toolkit to build autonomous AI applications directly on-chain.

According to the protocol, developers can create AI agents capable of owning digital assets, executing trades, tokenizing assets, and conducting native blockchain transaction from launch. Rather than acting as simple automated bots, these agents are designed to participate directly in decentralized financial activity. That expansion fits neatly with Injective’s broader focus on agentic finance.

Why The x402 Foundation MattersAs part of the x402 foundation, Injective will help contribute to an open standard for internet-native payments.

The x402 protocol is designed to enable AI agents, APIs, and applications to exchange value seamlessly across the internet. As autonomous software becomes increasingly capable of making financial decisions, payment infrastructure becomes just as important as the intelligence behind it.

Injective says the goal is to help build that foundation alongside other technology and payments leaders already participating in the initiative.

Injective Network Activity Continues To ScaleBeyond new partnerships, if we look at Loading profile preview then its protocol has surely highlighted the scale of its existing AI ecosystem. As per Injective post, thousands of autonomous AI agents are already operating across the network using INJ token.

They further said that more than 2.9 billion transactions have been processed as agentic finance continues expanding on-chain.

For Injective, the combination of its AI Agent SDK and membership in the x402 foundation signals a broader push toward infrastructure built specifically for autonomous commerce. 

The timing is notable as interest in AI-focused blockchain infrastructure continues to accelerate. A recent Coinpedia research report projected the AI agent crypto market could evolve into a $200 billion opportunity by 2030, driven by enterprise AI adoption, autonomous software, and expanding on-chain financial infrastructure.

Whether that vision translates into wider adoption remains to be seen, but the Injective protocol is clearly positioning itself at the intersection of blockchain, payments, and AI.

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Apple has quietly published a rulebook for its new Maps ads, revealing a more curated approach than advertising giant Google.

The iPhone maker has not disclosed a launch date for Maps ads, which was announced earlier this year, beyond saying they would arrive “this summer” in the U.S. and Canada. However, the company has published advertiser documentation and Maps-specific ad policies, suggesting the rollout is approaching.  

In a newly published Apple Advertising Services policy, effective as of July 14, 2026, the iPhone maker shares its rules for advertising on Apple Maps. Notably, it prohibits the broad category of home services businesses, like plumbing, electrical, locksmith, HVAC, pest control, roofing, and general contracting services, among others.

That sets Apple apart from Google, where Local Services Ads are one of the company’s largest local advertising categories. Apple’s policy suggests the company is initially limiting its ads to places with a physical presence that their customers actually visit.

Apple did not respond to a request for comment about the new rulebook.

Image Credits:Apple This approach could help make Apple’s ads feel more like organic map listings, rather than traditional paid search ads.

It could also save Apple some headaches as it gets its Apple Maps ads off the ground. Home services businesses, including locksmiths and garage door service providers, often require additional verification. Google, for instance, allows these categories, but requires initial verifications, follow-ups, and audits to remain in good standing.

Apple’s curated approach to its App Store is also spilling over into its newest advertising vertical. In addition to banning home services, the policy prohibits a handful of businesses from advertising on Maps, like cryptocurrency ATMs and bail bonds providers.

Apple is also taking a hands-on approach to approving ads for businesses offering medical services, as the policy notes these ads will be “evaluated on a case-by-case basis.”

These restrictions appear in a dedicated section of the new “Apple Advertising Services
News and Stocks, Maps, and Sports Programming Policies,” which details the rules around publishing ads across Apple’s first-party apps beyond the App Store.

The broader policy also prohibits deceptive or profane ads, political ads, and ads featuring weapons, violence, controlled substances, defamatory material, and more.

Although Apple may expand to other ad categories over time, its initial approach positions Maps and its ads as a more curated, navigation-focused product, rather than an extension of a web search engine.

Apple’s approach to displaying ads will also differ from Google; Apple said it would only show a single ad to users in its Maps search results. It noted that the advertised businesses would be clearly marked with a small blue halo around the pin, and labeled as an ad in the list of Suggested Places.

Apple also said that data about the ads that users interact with stays on the device and is not collected by the company or shared with third parties.

Another recent update to Apple’s Advertising Services Terms of Service also suggests that Apple could be planning to expand its Apple Apps to non-Apple-owned services, a report from Mobile Dev Memo noted. Apple has not confirmed any changes on that front, however.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Sarah has worked as a reporter for TechCrunch since August 2011. She joined the company after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.

You can contact or verify outreach from Sarah by emailing [email protected] or via encrypted message at sarahperez.01 on Signal.

Key Takeaways Alphabet's AI-led growth across Search and Cloud supports its premium valuation despite elevated spending.Alphabet plans $180B-$190B in 2026 capex, with AI infrastructure spending pressuring free cash flow.Alphabet's Cloud backlog topped $460B as 75% of customers used its AI products, signaling strong demand. Alphabet (GOOGL - Free Report) shares are overvalued, as suggested by a Value Score of D. The GOOGL stock is trading at a forward 12-month price/earnings (P/E) of 24.61X, a premium compared with the Zacks Internet Services industry’s 23.71X and broader Zacks Computer & Technology sector’s 24.27X.

Alphabet shares are trading at a premium compared with Microsoft (MSFT - Free Report) , shares of which are trading at a P/E multiple of 19.82. However, GOOGL shares are trading at a lower multiple compared with Apple’s (AAPL - Free Report) 33.51 and Amazon’s (AMZN - Free Report) 25.98.

GOOGL Stock’s Valuation
Image Source: Zacks Investment Research

Is Alphabet worth buying at current prices? Let’s dig deep to find out.

GOOGL Up a Modest 15% YTD: What’s Plaguing the Stock?Alphabet shares have risen a modest 14.8% year to date (YTD), slightly better than the broader sector’s return of 14.6% and the industry’s 10.5%. GOOGL’s huge capital expenditure — between $180 billion and $190 billion — roughly double 2025’s level, with spending expected to rise further in 2027, has spooked investors. Alphabet nearly doubled first-quarter 2026 capital expenditure to $35.7 billion, with most spending directed toward AI infrastructure, including servers, data centers and networking equipment. The investment materially reduced quarterly free cash flow and has raised concerns that elevated AI spending could persist for several years.

GOOGL Stock’s Price Performance
Image Source: Zacks Investment Research

Alphabet’s prospects are suffering from stiff competition from the likes of Microsoft-backed OpenAI, Amazon, Anthropic and Meta across foundation models, enterprise AI, cloud infrastructure and AI assistants. The company’s heavy investments in talent hiring, GPUs, TPUs and model development are expected to keep margins under. Alphabet has also highlighted higher research & development as well as marketing expenses driven by AI investments and Gemini adoption, in this regard.

Alphabet is facing stiff competition in the cloud computing space from Microsoft and Amazon. According to Synergy Research Group’s first-quarter 2026 data, Amazon maintained a strong lead in the market, though Microsoft and Alphabet’s Google continued to achieve substantially higher growth rates. Amazon, Microsoft and Alphabet’s market share were roughly 28%, 21% and 14%, respectively. In the search domain, Google continues to dominate with a roughly 91.27% share, followed by Microsoft’s Bing, with a 4.68% share, per the latest data from StatCounter. In the consumer technology market, Alphabet faces stiff competition from Apple.

GOOGL’s search monetization policy has been put under scrutiny by investors. Although AI Overviews and AI Mode are boosting user engagement and search queries reached all-time highs, investors remain cautious about whether conversational AI can ultimately generate advertising revenues comparable to traditional search. Alphabet is still testing new AI-native advertising formats, leaving long-term monetization questions unresolved.

AI Push Boosts GOOGL’s Search & Cloud BusinessAlphabet’s prospects are increasingly driven by AI, which is no longer a standalone initiative. AI is becoming the core growth engine across Search, Cloud, subscriptions, advertising, and emerging businesses. AI-powered features are being embedded across Search, YouTube, Chrome, Workspace and Google One subscriptions. First-party models now process more than 16 billion tokens per minute, paid subscriptions reached about 350 million, and Gemini adoption continues expanding across Search, Workspace, Chrome and consumer AI offerings.

Alphabet sees AI as creating an “expansionary moment” for Search rather than disrupting it. Management noted that AI-powered features are increasing engagement and driving search queries to all-time highs, similar to the growth acceleration created by the transition to mobile. Alphabet has also reduced AI response costs by more than 30% since upgrading to Gemini 3, improving future economics. AI also improves advertising effectiveness through a better understanding of user intent, allowing GOOGL to monetize longer and more complex searches while improving advertiser ROI.

Google Cloud is one of the clearest beneficiaries of AI adoption. Management emphasized that Enterprise AI Solutions have become the Cloud’s primary growth driver, with 75% of Cloud customers now using Google’s AI products. Cloud backlog nearly doubled sequentially to more than $460 billion in the first quarter of 2026, reflecting exceptional enterprise AI demand and providing significant revenue visibility. Alphabet’s ability to provide infrastructure, models, security and productivity tools through a single integrated platform positions Google Cloud to capture growing enterprise AI spending.

Strong enterprise adoption of AI bodes well for GOOGL’s prospects. In the first quarter of 2026, Gemini Enterprise’s paid monthly active users grew 40% sequentially, enterprise AI products grew nearly 800% year over year, customer acquisition doubled, and Google signed multiple $1 billion-plus AI deals. This suggests AI is evolving into a meaningful recurring enterprise software business for Alphabet.

2026 Earnings Estimate Revisions Positive for GOOGL StockThe Zacks Consensus Estimate for 2026 earnings is pegged at $14.32 per share, up by a couple of cents over the past 30 days, indicating 32.47% growth from the figure reported in 2025. The consensus mark for 2026 revenues is pegged at $423.63 billion, indicating 23.54% year-over-year growth.
 

The consensus mark for second-quarter 2026 earnings is pegged at $2.86 per share, unchanged over the past 30 days, suggesting 23.81% year-over-year growth. The Zacks Consensus Estimate for second-quarter 2026 revenues is pegged at $101.22 billion, implying 23.86% year-over-year growth.

Here’s Why GOOGL Stock is a Buy Right NowAlphabet’s long-term investment case remains compelling and justifies a premium valuation. The company continues to strengthen its leadership across Search, Cloud and digital advertising while rapidly transforming AI into a powerful growth engine spanning consumer and enterprise markets. Surging Cloud backlog, accelerating Gemini adoption, improving AI economics and positive earnings estimate revisions underscore the strength of its execution. As AI investments increasingly translate into higher revenue, deeper customer engagement and expanding monetization opportunities, Alphabet appears well-positioned to deliver sustained growth.

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

Google said it has made its largest solar power and battery storage purchase to date. The first two phases of the project, located in Arkansas, will generate enough electricity to power about 6% of the state’s peak demand, the company said earlier this week.

Electricity from the project will flow directly to the grid, offsetting demand from Google’s data centers. Google is both investing in the project alongside developer Cypress Creek Energy and purchasing the entire output of the first two phases, adding 1 gigawatt of solar capacity and 1.9 gigawatt-hours of battery storage to its portfolio.

When completed, the three-phase project will be the largest solar facility in the United States, the companies said. The third and final phase of the project is scheduled to connect to the grid in 2029, bringing the power plant’s total capacity to about 1.8 gigawatts of solar and 2.9 gigawatt-hours of battery storage. Cypress Creek has secured $3.5 billion in financing to support the first two phases.

The Steel River Energy Center, as the project is called, will be located about 30 miles north of Memphis, Tennessee. By pairing solar panels with large batteries, the power plant will be able to provide power to the grid all day, every day. It will also help Google in its quest to match its electricity use with clean power on an hourly basis, a stringent measure that should help bring more hybrid power plants to the grid.

Google’s decision to invest in a large solar and battery facility stands in contrast to xAI, which operates an unpermitted natural gas power plant about 40 miles to the south. 

Elon Musk has invested heavily in natural gas to power xAI’s Colossus data centers, despite running Tesla, which makes solar panels and grid-scale batteries. XAI is running nearly 60 natural gas turbines without federal clean air permits, according to a report from Reuters. Pollution from xAI’s power plant in Mississippi is affecting predominantly Black neighborhoods, Reuters found.

Musk is unlikely to change course. He recently purchased APR Energy, a project developer that specializes in modular natural gas power plants.

Google has also invested in natural gas, working with Crusoe to build a 933-megawatt power plant in West Texas, though that project has been something of an anomaly for the company, which has mostly relied on clean power to expand its portfolio. Given the speed with which projects like Steel River can be deployed — nearly 2 gigawatts of solar capacity in three years — it’s likely that Google will continue to invest in renewables and batteries.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Tim De Chant is a senior climate reporter at TechCrunch. He has written for a wide range of publications, including Wired magazine, the Chicago Tribune, Ars Technica, The Wire China, and NOVA Next, where he was founding editor.

De Chant is also a lecturer in MIT’s Graduate Program in Science Writing, and he was awarded a Knight Science Journalism Fellowship at MIT in 2018, during which time he studied climate technologies and explored new business models for journalism. He received his PhD in environmental science, policy, and management from the University of California, Berkeley, and his BA degree in environmental studies, English, and biology from St. Olaf College.

You can contact or verify outreach from Tim by emailing [email protected].

Amazon Leo is displayed during the Delivering the Future EMEA 2026 event at Amazon's LCY3 fulfilment centre in Dartford, Britain, June 4, 2026. REUTERS/Toby Shepheard/File Photo Purchase Licensing Rights, opens new tab

JOHANNESBURG, July 15 (Reuters) - Amazon's (AMZN.O), opens new tab low-earth orbit satellite internet venture Amazon Leo has signed an agreement with South Africa's Herotel to launch a ​new broadband service aimed at connecting underserved rural communities, it ‌said on Wednesday.

Under the agreement, Herotel, South Africa's largest fixed internet service provider, will use Amazon Leo's satellite technology to offer a new service called evry, which ​is expected to launch commercially in 2027 for residential customers.

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The ​deal comes as satellite internet providers race to expand in ⁠Africa. SpaceX's Starlink is also seeking to enter the South African market, ​but is awaiting proposed changes to licensing rules that could allow foreign satellite ​operators to meet local ownership and empowerment requirements through alternatives to equity stakes.

Amazon Leo and Herotel said their partnership would help address a longstanding connectivity gap in South ​Africa, where millions of people living on farms, in small towns ​and rural communities remain beyond the reach of reliable internet services because conventional fibre ‌and ⁠wireless networks are often uneconomical to deploy.

Financial details of the agreement were not disclosed.

"This collaboration is about breaking down barriers and unlocking opportunity for millions of people who don't yet have reliable access for work, education, ​or the services ​they depend on," ⁠David Zapolsky, Amazon's chief global affairs and legal officer, said in a statement.

Herotel, owned by Maziv, serves more ​than 350,000 customers across over 550 towns through fibre ​and ⁠fixed wireless networks and operates 120 offices nationwide. The company said that footprint would allow it to provide installation, customer service and field operations for ⁠the ​satellite service from launch.

Earlier this year, Amazon Leo signed ​an agreement with Vodafone (VOD.L), opens new tab to link Vodafone's network to base stations in hard-to-reach locations in Africa, through ​its South Africa subsidiary Vodacom (VODJ.J), opens new tab.

Reporting by Nqobile Dludla; Editing by Sanjeev Miglani

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

Nqobile is a Johannesburg-based reporter covering the South African retail, telecom and tech sectors. She has been a journalists for about 10 years. She joined Reuters in 2015 and has covered a variety of beats ranging from pharma, health to property and banking.

Key Takeaways Boeing is benefiting from airlines replacing older fleets with more fuel-efficient next-generation aircraft.BA ended Q1 with a backlog of more than 6,100 airplanes valued at $576 billion.BA raised 737 output to 42 monthly and 787 production to eight monthly amid improving stability and demand. The Boeing Company (BA - Free Report) is well positioned to benefit from one of the aviation industry's strongest long-term growth drivers — the global airline fleet renewal cycle. As passenger traffic continues to recover and airlines seek to improve fuel efficiency, reduce maintenance costs and meet increasingly stringent environmental regulations, carriers are accelerating investments in next-generation aircraft. Boeing's portfolio, led by the 737 MAX and 787 Dreamliner families, is well aligned with these industry trends.

Replacing aging fleets with newer-generation airplanes allows airlines to lower operating costs, extend route networks and improve profitability. Given that fuel remains one of the largest operating expenses for airlines, fleet renewal offers an increasingly compelling economic proposition.

Boeing’s production remained on an upward trajectory, with the 737 program operating at 42 aircraft per month and the 787 program producing eight aircraft per month, reflecting improving manufacturing stability and sustained customer demand.

The 737 MAX family offers airlines significant fuel-efficiency improvements over previous-generation narrow-body aircraft while serving the high-volume short- and medium-haul market. The 787 Dreamliner enables carriers to operate long-haul routes more efficiently through lower fuel consumption, advanced composite materials and reduced maintenance requirements. These aircraft are particularly attractive as airlines expand international networks and replace aging fleets.

The company's substantial order book further highlights the strength of the current demand environment. Boeing ended the first quarter with a commercial aircraft backlog of more than 6,100 airplanes valued at $576 billion. This backlog provides years of production visibility and reflects airlines' confidence in long-term passenger traffic growth despite near-term economic uncertainties.

Aerospace Companies Benefiting From Fleet RenewalAlong with Boeing, several other aerospace manufacturers are also benefiting from the ongoing global fleet modernization trend:

Airbus SE (EADSY - Free Report) continues to see strong demand for its A320neo and A350 families as airlines invest in more fuel-efficient aircraft and expand their fleets.

Embraer S.A. (EMBJ - Free Report) is benefiting from growing demand for regional jets, with its E2 family offering improved fuel efficiency and lower operating costs for regional carriers.

BA Stock’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 earnings per share indicates a year-over-year improvement of 99.06% and 4,158.7%, respectively.

Image Source: Zacks Investment Research

BA Stock Trades at a DiscountIn terms of valuation, BA’s forward 12-month price-to-sales (P/S) is 1.64X, a discount to the industry’s average of 2.53X.

Image Source: Zacks Investment Research

BA Stock’s Price PerformanceIn the past three months, the company’s shares have lost 3% compared with the industry’s 5.5% decline.

Image Source: Zacks Investment Research

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

Key Takeaways Visa launched AI Financial Assistant inside banking apps for spending insights and account actions.VAS revenues rose 28% to $3.2 billion in fiscal Q1 2026, supporting Visa's growth beyond payments.Visa plans a U.S. pilot in August 2026 before expanding AI Financial Assistant globally. Visa Inc. (V - Free Report) launched AI Financial Assistant, a new value-added service that brings conversational financial guidance to existing banking apps. The white-label feature integrates directly into a bank's app. Customers can check their spending, ask questions in conversational language and take actions like locking a card or setting alerts without leaving the app. It is built for secure banking environments that help protect customer data.

The service is part of Visa's Digital Issuer Solutions platform, providing a single chat-based entry point inside the banking app. Banks can deploy it without custom development, making adoption faster and easier. It combines a bank's customer data with insights from Visa's global payments network to deliver personalized financial guidance. Visa will launch a U.S. pilot in August 2026 before expanding the service globally.

The launch supports Visa's strategy of expanding its fast-growing Value-Added Services (VAS) business, an increasingly important growth driver. In first-quarter fiscal 2026, VAS revenues rose 28% year over year to $3.2 billion, accounting for nearly half of the company's total revenue growth. By embedding AI-powered financial guidance into banking apps, Visa is broadening its role beyond payment processing.

This strengthens VISA’s ties with issuers and increases the value of its platform.
The rollout is expected to reduce the company's reliance on payment volumes over time. As more banks adopt AI Financial Assistant, Visa can strengthen client relationships and expand the use of its Digital Issuer Solutions platform. This could drive demand for other value-added products and support sustainable long-term growth.

How Are Visa's Competitors Positioned?Some of Visa's key competitors in the payments space are Mastercard Incorporated (MA - Free Report) and American Express Company (AXP - Free Report) .

Mastercard is expanding its AI capabilities to strengthen its value-added services business and deepen client relationships. It launched Agent Pay for Machines, enabling AI agents and connected devices to make autonomous payments. The move helps Mastercard tap into the growing market for AI-powered payments.

American Express is also accelerating its AI strategy. American Express introduced the Agentic Commerce Experiences (“ACE”) Developer Kit and Amex Agent Purchase Protection to support AI-powered transactions. AXP also agreed to acquire AI expense management startup Hyper, strengthening its commercial AI capabilities.

Visa’s Price Performance, Valuation & EstimatesVisa’s shares have risen 1.6% year to date against the industry’s 9.6% decline.

Image Source: Zacks Investment Research

From a valuation standpoint, V trades at a forward price-to-earnings ratio of 24.61, well above the industry average of 17.08. V carries a Value Score of D.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Visa’s fiscal 2026 earnings implies a 14.2% jump from the year-ago period’s level.

Image Source: Zacks Investment Research

• GE Aerospace stock is trading at elevated levels. Where are GE shares going?

Analysts expect the company to report earnings of $1.85 per share on $11.79 billion in quarterly revenue, according to Benzinga Pro. The stock also carries a consensus price forecast of $297.65, based on ratings from 27 analysts.

Guidance Increase Anticipated on Service GrowthRBC Capital Markets expects GE Aerospace to raise its full-year 2026 adjusted earnings before interest and taxes guidance by approximately $500 million, matching historical outperformance trends where the company beat its initial guidance by 16% in 2024 and 13% in 2025.

Herbert noted that capacity constraints, legacy engine usage and strong airline demand protect aftermarket engine spending. RBC models 19% services growth for the second quarter and 18% for the full year.

Near-Term Catalyst Potential Diminished by 2027 ConcernsThe report indicates that the upcoming second-quarter results may not serve as a positive catalyst for the stock, as market expectations already factor in the strong performance and guidance lift.

RBC Capital Markets notes that investor attention is shifting toward 2027, where tougher year-over-year comparisons and a projected deceleration in services growth could create headwinds for investor sentiment.

Supply Chain Tightness Extends Turn-Around TimesRBC Capital Markets reported that while material flow has improved, turnaround times at maintenance facilities remain well above historical averages. “LEAP deliveries remain on track for ~2,100,” Herbert stated, but emphasized that the broader aerospace supply chain remains tight, leaving a slim margin for error despite on-track deliveries for new engines.

Geopolitical Headwinds Offset by Structural ProtectionsThe firm noted the stock has risen 3% since March 1, recovering from the initial downturn tied to the Iran war. Elevated crude oil prices, which sit at approximately $85 per barrel after peaking in May, have not reduced passenger travel enough to impact aftermarket spending.

RBC Capital Markets stated that the $400 price forecast reflects 39 times its fiscal year 2028 free cash flow estimate of $10.5 billion.

GE Stock Price Activity: GE Aerospace shares were up 0.83% at $356.68 at the time of publication on Wednesday, according to Benzinga Pro data.

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Phase 3 Trial Meets Primary Progression-Free Survival GoalThe trial met its primary endpoint of progression-free survival (PFS) for mismatch repair-deficient (dMMR) advanced or recurrent endometrial cancer patients who had not previously received systemic chemotherapy or who experienced recurrence more than six months after completing prior adjuvant therapy.

Keytruda is the first and only PD-1 inhibitor to show a statistically significant and clinically meaningful improvement in PFS as monotherapy compared to platinum doublet chemotherapy for these patients in a Phase 3 trial.

At a pre-specified interim analysis conducted by an independent Data Monitoring Committee, a trend toward improvement in overall survival (OS), the trial’s other primary endpoint, was observed for Keytruda.

However, these OS data were not mature at the time of this analysis.

Overall Survival Data Continue To MatureThe trial is ongoing, and OS for the full study population will be evaluated at a future analysis. The analysis also showed a clinically meaningful overall response rate (ORR), as well as complete response rate (CRR) and duration of response (DOR) for Keytruda.

The safety profile of Keytruda in this trial was consistent with that observed in previously reported studies; no new safety signals were identified.

In the U.S., Keytruda is the only anti-PD-1 therapy with three approved indications for patients with certain types of endometrial cancer.

Last week, the U.S. Food and Drug Administration (FDA) approved Merck’s Keytruda and Keytruda Qlex (pembrolizumab and berahyaluronidase alfa-pmph), each in combination with Padcev (enfortumab vedotin-ejfv), as neoadjuvant treatment. Then it continued after cystectomy as adjuvant treatment for muscle-invasive bladder cancer (MIBC).

These approvals represent the first and only PD-1 inhibitor plus antibody-drug conjugate regimens approved for adults with MIBC regardless of cisplatin eligibility.

MRK Price Action: Merck & Co shares were up 2.43% at $123.71 at the time of publication on Wednesday, according to Benzinga Pro data.

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M&T Bank Corporation (MTB) Q2 2026 Earnings Call July 15, 2026 8:00 AM EDT

Company Participants

Steven Wendelboe - Senior Vice President of Investor Relations
Daryl Bible - Senior EVP & CFO

Conference Call Participants

Manan Gosalia - Morgan Stanley, Research Division
L. Erika Penala - UBS Investment Bank, Research Division
John Pancari - Evercore ISI Institutional Equities, Research Division
Gerard Cassidy - RBC Capital Markets, Research Division
Kenneth Usdin - Bernstein Autonomous LLP
Ebrahim Poonawala - BofA Securities, Research Division
Matthew O'Connor - Deutsche Bank AG, Research Division
David Chiaverini - Jefferies LLC, Research Division
Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division

Presentation

Operator

Welcome to the M&T Bank Second Quarter 2026 Conference Call. [Operator Instructions]

Please be advised that today's conference is being recorded.

I would now like to hand the conference over to Steven Wendelboe, Senior Vice President of Investor Relations. Please go ahead.

Steven Wendelboe
Senior Vice President of Investor Relations

Thank you, Chelsea, and good morning. I'd like to thank everyone for participating in M&T's Second Quarter 2026 Earnings Conference Call. If you have not read the earnings release we issued this morning, you may access it along with the financial tables and schedules by going to our Investor Relations website at ir.mtb.com.

Also, before we start, I'd like to mention that today's presentation may contain forward-looking information. Cautionary statements about this information are included in today's earnings release materials and in the investor presentation as well as our SEC filings and other investor materials. The presentation also includes non-GAAP financial measures as identified in the earnings release and investor presentation. The appropriate reconciliations to GAAP are included in the appendix.

Joining me on the call this morning is M&T's Senior Executive Vice President and CFO, Daryl Bible. Now I'd like to turn the call over to Daryl.

The stock market’s advance from late March through early July produced several major winners, but few were more impressive than Micron Technology ((MU - Free Report) ) and Marvell Technology ((MRVL - Free Report) ). Both stocks more than tripled from their spring lows as investors rushed into companies positioned at critical points across the AI infrastructure buildout.

Micron benefited from surging demand for high-bandwidth memory, a critical component for AI inference, the fastest growing requirement for LLMs. Memory has historically been one of the most commoditized and cyclical areas of the semiconductor industry. But as demand began overwhelming available supply, Micron found itself controlling one of the scarcest resources in the AI ecosystem. Pricing power followed, earnings estimates soared and the stock responded accordingly.

Marvell’s rally was similarly dramatic. The company was already benefiting from rapid growth across custom silicon, interconnects, switching and optical networking, which is the plumbing that allows increasingly large AI data centers to function. Then Nvidia CEO Jensen Huang added fuel to the move by identifying Marvell as a potential future trillion-dollar company.

But after extraordinary three-month runs, both stocks have reversed sharply. Micron is now more than 20% below its recent high, while Marvell has fallen more than 35%.

So, is it time to buy the pullback?

Not quite. Micron is approaching a potentially attractive setup, but Marvell likely needs more time to stabilize.

The AI Sentiment Pendulum Swings AgainI do not believe the AI boom is ending. However, it seems the narrative pendulum had swung too far toward exuberance, and periods of extreme optimism typically require a meaningful reset before the next sustainable advance can begin.

We have seen this pattern several times throughout the AI boom. Concerns about capital spending, cheaper Chinese models, declining inference costs, competitive threats and uncertain returns on investment have repeatedly triggered sharp pullbacks.

Each concern has some merit. The largest technology companies are spending unprecedented amounts on AI infrastructure, while the ultimate economics of many AI services remain uncertain. But similar doubts have emerged before, and the broader semiconductor cycle has consistently resumed its advance after expectations and positioning cooled.

The process is never as clean as a theoretical model. Sentiment moves between enthusiasm and skepticism, producing irregular peaks and drawdowns around a longer-term trend. So far, however, each major cycle within the AI trade has ultimately resolved higher.

Image Source: Zacks Investment Research

Given the size of the recent declines and the sharp reversal in sentiment, I suspect the semiconductor correction is now closer to its end than its beginning.  That does not mean the final low is already in. The group could still experience another leg lower, but much of the excess enthusiasm is leaving, and the risk-reward profile is becoming more constructive as expectations reset.

That does not mean every pullback should be purchased immediately. The underlying trend can remain intact while individual stocks decline further, consolidate for months or permanently lose leadership. Investors still need to distinguish between a durable business inflection and a stock that simply ran too far ahead of itself.

MU and MRVL Were Fundamental Rallies, Not Pure SpeculationIt is important to recognize that the advances in Micron and Marvell were supported by genuine business growth.

I highlighted both companies well before their most recent rallies. Last summer, I discussed Marvell’s compelling long-term setup following a disappointing earnings reaction in this interview. I also identified Micron as a non-consensus AI winner here near the beginning of what became an extraordinary advance.

The fundamentals subsequently exceeded even optimistic expectations.

That separates the current situation from a purely speculative bubble. Investors were not merely bidding up unprofitable companies based on distant promises. Micron and Marvell produced substantial revenue growth, rapidly improving earnings and exposure to areas of the AI supply chain where demand remains strong.

Still, even fundamentally justified rallies can overshoot. After moves of this magnitude, more air may need to come out before either stock is ready for its next sustained leg higher.

Micron’s Unbelievable Earnings GrowthMicron’s recent financial performance has been exceptional and helps explain why the stock gained so much so quickly.

In fiscal Q3 2026, ended May 28, Micron earned $25.11 per share on a non-GAAP basis, up more than 1,200% from $1.91 one year earlier. Revenue increased 346%, climbing from $9.30 billion to $41.46 billion.

Image Source: Zacks Investment Research

The company’s outlook suggested that the acceleration was not finished. Management guided fiscal Q4 revenue to approximately $50 billion, with non-GAAP earnings approaching $31 per share. Both would represent records by enormous margins.

Micron’s earnings revisions have been equally remarkable. According to Goldman Sachs, the company accounted for roughly 51% of all S&P 500 earnings-per-share revisions during the recent period it measured. That is an astounding contribution from one company and demonstrates how aggressively expectations have been repriced around memory demand.

But that concentration also creates risk.

Micron is no longer an overlooked AI beneficiary. Investors now broadly understand the high-bandwidth-memory shortage, the company’s pricing power and the scale of its earnings growth. Future gains will increasingly depend on whether Micron can continue exceeding already elevated expectations.

The company also remains exposed to the memory cycle. AI may have created something closer to a silicon super-cycle, but supply eventually responds to high prices. Customers can adjust spending, competitors can expand production and exceptionally strong margins can attract additional capacity.

Technically, Micron is now testing an important support area. The stock has not yet broken its broader uptrend, but a decisive move below that level would weaken the setup and suggest that the reset has further to run.

For investors interested in buying the pullback, Micron is the more compelling of the two stocks. However, I would still wait for evidence that support is holding and volatility is beginning to decline rather than trying to predict the exact bottom.

Image Source: TradingView

Jensen Huang’s Trillion-Dollar Call on MarvellMarvell has also delivered unusually strong growth, although its underlying inflection began well before the stock’s most recent surge.

For a time, that improvement was hidden beneath weak headline results. Total revenue barely increased from $5.5 billion in fiscal 2024 to $5.77 billion in fiscal 2025 as deep downturns in Marvell’s legacy carrier and enterprise businesses offset rapid data-center growth.

One layer beneath the headline numbers, however, the transformation was already underway.

Data-center revenue grew 88% in fiscal 2025 and represented approximately 75% of the company’s business by year-end, up from roughly 50%. Custom AI silicon entered volume production while Marvell’s electro-optics business continued supplying the connectivity required to move data across increasingly complex AI systems.

Once the weakness in the legacy businesses began to ease, the underlying growth became visible in the consolidated results.

Fiscal 2026 revenue reached a record $8.2 billion, representing growth of 42%, while data-center revenue surpassed $6 billion. Non-GAAP earnings rose 81% to $2.84 per share, and fiscal Q1 2027 revenue increased another 28%.

Image Source: Zacks Investment Research

Those results help explain why Marvell has become a prominent AI infrastructure companies. The business spans several important areas, including custom accelerators, optical connectivity, switching and data-center interconnects.

But the valuation leaves little room for disappointment.

Marvell trades at more than 50x forward earnings, although long-term earnings growth forecasts are also near 50%. That combination can support a premium multiple, but only while growth remains exceptional and execution consistently exceeds expectations.

Marvell may eventually become a trillion-dollar company, but getting there would require years of extraordinary compounding. Even at an elevated multiple, a $1 trillion valuation would imply approximately $20 billion in annual profit. That is an enormous leap from the company’s current earnings base.

For that reason, I would not treat the trillion-dollar prediction as a near-term investment thesis. It is better understood as an expression of Marvell’s strategic importance within the AI infrastructure ecosystem.

The immediate technical picture is less encouraging. Momentum has shifted decisively lower, volatility remains elevated and the stock has not yet established a clear support level. Rather than buying simply because Marvell is 35% below its high, I would wait for visible base-building, tighter trading ranges and evidence that sellers are becoming exhausted.

Image Source: TradingView

Micron Is Closer to a Buy Than MarvellBoth stocks remain tied to powerful long-term trends, but the risks are different.

Micron’s primary risk is the durability of the memory cycle. Investors must determine how long high-bandwidth-memory demand can outpace supply and whether exceptional pricing and margins can persist as production expands.

Marvell’s primary risks are valuation and execution. The company must continue converting its strong positioning in custom silicon and connectivity into earnings growth sufficient to justify a premium multiple.

Micron currently offers the more attractive setup because its earnings momentum is stronger and the stock is testing a clearly defined technical level. Marvell has experienced a more serious momentum breakdown and likely needs a longer period of stabilization.

That does not mean Micron should be purchased indiscriminately. A break below support could create another meaningful leg lower, particularly if broader semiconductor sentiment continues deteriorating.

For now, I would classify Micron as a stock to watch closely near support. Marvell remains a stock to wait on until its volatility declines and a credible base begins to form.

How Investors Can Approach MU and MRVL The recent declines in Micron and Marvell look more like sentiment resets than evidence that the AI infrastructure boom is breaking. Their rallies were supported by legitimate business growth, extraordinary earnings momentum and exposure to some of the most strategically important parts of the semiconductor industry.

But strong businesses do not automatically become attractive stocks at every price.

The narrative pendulum is now swinging away from exuberance and back toward skepticism. That process could continue for several weeks or months as investors question AI spending, future returns and whether the industry has expanded capacity too aggressively.

Micron is closer to an actionable entry, but investors should first look for support to hold and trading conditions to stabilize. Marvell carries a more demanding valuation and has suffered a more decisive technical breakdown, making patience especially important.

The larger AI opportunity likely remains intact. But after rallies of this magnitude, investors do not need to rush. MU is a watch near support, while MRVL remains a wait. A durable bottom could eventually create attractive opportunities in both, but neither stock has fully completed its reset.

Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM) is expected to report second quarter results that come in slightly ahead of expectations, with Wedbush analysts pointing to strong revenue trends and continued demand for advanced semiconductor technologies as potential drivers for a stronger outlook.

Wedbush reiterated its ‘Outperform’ rating ahead of TSMC’s earnings, writing that the company’s monthly revenue figures indicate it likely exceeded the firm’s prior second-quarter top-line estimate by around 1%, similar to the previous quarter’s performance.

The analysts expect gross margins to have at least reached the midpoint of TSMC’s prior guidance range, noting that results appeared to track closely with expectations throughout the quarter.

Looking ahead, Wedbush expects TSMC could provide an improved revenue outlook for the full year. The company previously guided for sales growth of more than 30% in US dollar terms, while revenue growth has been tracking in the high-30% range year-to-date. Wedbush wrote that the ramp of TSMC’s 2-nanometer process technology in the second half of 2026 could support at least mid-30% annual sales growth.

The analysts added that such an outcome could lead to higher 2026 estimates and reduce the magnitude of the slowdown they currently model for 2027.

Wedbush also highlighted gross margins as a key area to monitor, with the firm and consensus forecasts currently expecting some pressure in the second half of the year due to the 2nm launch and expanded overseas manufacturing capacity. The analysts wrote that third-quarter guidance should provide more visibility into how those factors will affect profitability, while recent currency movements could provide some benefit.

Capital spending will also be closely watched, with Wedbush writing that sustained demand for advanced nodes could prompt TSMC to raise its annual capex outlook again. The analysts noted that this would further support the view that current 2027 revenue growth expectations may be too conservative.

Wedbush wrote that TSMC remains one of its preferred hardware investments, citing the company’s position in advanced semiconductor manufacturing and packaging as a key beneficiary of the ongoing AI data center build-out and future edge AI opportunities across areas including optics, robotics, automotive technology and electronic design automation.

Shares of TSMC traded hands at $417 on Wednesday afternoon, having gained more than 37% so far this year.

JPMorgan believes the new Hyperliquid partnership will weigh on earnings for both firms, yet says pro-crypto legislation backed by President Donald Trump‘s administration could ultimately prove to be the more important story for investors.

Hyperliquid Changes The EconomicsCoinbase and Circle announced in May that Hyperliquid would adopt USDC as its preferred stablecoin, a move designed to deepen the token’s presence across one of crypto’s fastest-growing decentralized exchanges.

The catch? JPMorgan says the revised arrangement significantly changes how the two companies split the economics.

Coinbase will now classify USDC held on Hyperliquid as “on-platform,” allowing it to earn reserve income before paying 90% of that revenue back to Hyperliquid. The firm estimates roughly $6 billion of USDC, or about 8% of the circulating supply, now sits on the platform.

The result is a near-term revenue headwind for both companies, prompting JPMorgan to lower earnings estimates. The brokerage now expects the full impact of the revised economics to become more visible during the second half of 2026, alongside a softer crypto trading environment marked by lower volumes, weaker digital asset prices and declining DeFi activity.

The Prisoner’s DilemmaJPMorgan argues the Hyperliquid deal highlights a broader challenge for the Coinbase-Circle partnership.

Rather than simply sharing the benefits of USDC adoption, both companies are incentivized to compete for distribution partners. Winning those relationships could increasingly require giving away a larger share of the economics, creating what the analysts describe as a classic “prisoner’s dilemma.”

In other words, USDC adoption may continue to grow while the value each company captures from that growth gradually shrinks.

Washington May Be The Bigger CatalystThat’s why JPMorgan believes investors shouldn’t lose sight of the bigger picture.

The firm continues to view U.S. digital asset market structure legislation as a potential turning point for the industry, even as the path to passage becomes more uncertain with the Senate’s legislative calendar narrowing ahead of its August recess.

Clearer crypto rules could encourage greater institutional participation, improve market confidence and accelerate development across the digital asset ecosystem—all of which could expand demand for USDC.

JPMorgan also expects higher interest rates to support reserve income through 2027, particularly for Coinbase, even after trimming its forecasts for USDC balances.

For investors, Hyperliquid may explain the next few quarters. But if Trump’s crypto agenda succeeds in creating a clearer regulatory framework, the long-term winner may not be the company that negotiated the better deal—it could be the one serving a much larger stablecoin market.

Photo: Skorzewiak on Shutterstock.com

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A month has gone by since the last earnings report for Dave & Buster's (PLAY - Free Report) . Shares have lost about 17.4% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Dave & Buster's due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Dave & Buster's Entertainment, Inc. before we dive into how investors and analysts have reacted as of late.

Dave & Buster's Q1 Earnings & Revenues Miss EstimatesDave & Buster's reported weak first-quarter fiscal 2026 results, with adjusted earnings and revenues missing the Zacks Consensus Estimate. Both metrics also declined on a year-over-year basis.

The quarter was primarily weighed down by weaker customer demand at existing locations, as reflected in lower comparable-store sales. This softness, particularly in the company's core entertainment segment, contributed to an overall decline in revenues. At the same time, profitability came under pressure due to higher labor, administrative and depreciation-related expenses, which compressed operating margins.

Despite a challenging quarter, Dave & Buster's highlighted several encouraging developments. Management noted that its back-to-basics strategy is gaining traction, with improvements across food and beverage offerings, marketing initiatives and the refreshed remodel program contributing to a stronger guest experience. The company continued to execute on its growth strategy through new store openings, remodel activities and international franchise expansion.

Dave & Buster’s Q1 Earnings & RevenuesFor the fiscal first quarter, the company reported adjusted earnings per share (EPS) of 22 cents, which missed the consensus mark of 37 cents by 40.5%. In the year-ago quarter, it had reported an adjusted EPS of 76 cents.

Quarterly revenues of $559.2 million missed the consensus estimate of $571 million by 2.1% and declined 1.5% year over year. The top line was pressured by a $29.2 million decline in comparable store revenues, partly offset by an $18.1 million increase in noncomparable store revenues.

Dave & Buster’s Sales Mix Shows DivergenceFood and Beverage revenues (38.3% of total revenues in the reported quarter) increased 6.5% year over year to $214.1 million. The company cited eat-and-play combo enhancements and menu changes made in the second half of fiscal 2025 as factors supporting higher food attach rates and check growth. Our estimate was $202.5 million.

Entertainment revenues (61.7%) fell 5.9% year over year to $345.1 million. Our estimate was $373.1 million.

Comparable store sales (including Main Event-branded locations) declined 5.4% year over year. Management attributed the decline in comparable store revenues to a reduction in walk-in business relative to the prior-year period.

Dave & Buster’s Q1 Operating HighlightsOperating income totaled $46.9 million compared with $63.2 million in the year-ago quarter. Operating margin declined to 8.4% from 11.1% reported in the first quarter of fiscal 2025. Our estimate for operating income was $43 million.

Adjusted EBITDA came in at $123.2 million compared with $136.1 million in the prior-year quarter. Adjusted EBITDA margin contracted to 22% from 24%, reflecting softer sales leverage and higher operating cost pressure.

Dave & Buster’s Balance Sheet and Cash FlowCash and cash equivalents were $19.6 million as of May 5, 2026, compared with $16.6 million as of Feb. 3, 2026. Long-term debt, net, was $1.50 billion compared with $1.52 billion at fiscal 2025-end. The company ended the quarter with $499.1 million of available liquidity, consisting of cash and availability under its $650 million revolving credit facility.

Net cash provided by operating activities improved to $113.8 million from $95.8 million in the prior-year period, mainly due to working-capital timing, partly offset by lower net income. Capital expenditures were $105.3 million, down from $154.6 million. Adjusted free cash flow was positive $25.3 million against negative $58.8 million in the year-ago quarter.

PLAY’s Store Growth and OutlookThe company opened one new domestic store in the first quarter and has opened three additional domestic stores in the second quarter. It has completed remodels of six Dave & Buster’s stores so far in fiscal 2026 and expects to complete two more during the remainder of the year.

International franchise growth also continued. Dave & Buster’s opened its fifth international franchise store in May and sixth in June, and expects at least one more opening during the remainder of fiscal 2026. Management said its back-to-basics strategy is gaining traction across food and beverage, marketing and remodels, and reiterated confidence in generating more than $100 million in free cash flow in fiscal 2026.

How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month.

The consensus estimate has shifted -22.22% due to these changes.

VGM ScoresCurrently, Dave & Buster's has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. However, the stock was allocated a grade of A on the value side, putting it in the top quintile for value investors.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. It's no surprise Dave & Buster's has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.

Performance of an Industry PlayerDave & Buster's is part of the Zacks Retail - Restaurants industry. Over the past month, Cracker Barrel Old Country Store (CBRL - Free Report) , a stock from the same industry, has gained 22%. The company reported its results for the quarter ended April 2026 more than a month ago.

Cracker Barrel reported revenues of $797.37 million in the last reported quarter, representing a year-over-year change of -2.9%. EPS of $0.29 for the same period compares with $0.58 a year ago.

For the current quarter, Cracker Barrel is expected to post a loss of $0.33 per share, indicating a change of -144.6% from the year-ago quarter. The Zacks Consensus Estimate has changed -7.7% over the last 30 days.

Cracker Barrel has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.

A broad selloff hit AI-linked hardware and chip stocks on Wednesday as investors locked in gains from a months-long rally and questioned how long red-hot demand for AI infrastructure can support current valuations.

Dell Technologies Inc (NASDAQ:DELL) fell as much as 12%, touching a session low of $397.69, after a report that Meta Platforms is developing plans to lease out surplus AI training and inference capacity to enterprise customers. The news stoked concern that hyperscale cloud providers may have over-built data center infrastructure, a development that could slow future server orders for system integrators such as Dell.

Rising memory costs added to the pressure on Dell's margins, given that AI-optimized servers already carry lower gross margins than the company's traditional hardware lines. GF Securities recently downgraded the stock to "Hold" from "Buy," citing a stretched valuation after shares had rallied roughly 200% and traded near 34 times forward earnings. Extensive insider selling, totaling about $1.56 billion over three months with no offsetting purchases, has also weighed on sentiment.

Micron Technology Inc (NASDAQ:MU) dropped about 9%, extending losses as investors weighed reports that Washington is considering tighter unilateral restrictions on exports of high-bandwidth memory products, a step that would carry direct implications for the chipmaker's international revenue. Competition from Chinese memory manufacturers has also been cited as a growing longer-term threat to Micron's pricing power.

SanDisk (NASDAQ:SNDK) shares slid sharply after a research firm cut its near-term outlook for the NAND flash market, pointing to average selling prices falling faster than previously expected. That shift reinforced concern that the memory industry's supply-demand balance is tipping toward a surplus as capacity expansions across the sector outpace demand from enterprise and consumer electronics customers.

Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) shares also fell, caught up in the broader retreat across semiconductor and memory names. The stock has been especially sensitive to swings in sentiment after more than doubling year-to-date on optimism around its EPYC server processors and Instinct AI accelerators, leaving it vulnerable to profit-taking once the mood in AI hardware shifted.

The declines mark the latest bout of volatility in a sector that has posted extraordinary gains through 2026 on the back of surging AI infrastructure spending. Traders and analysts described Wednesday's moves largely as a valuation reset rather than a sign of a broader breakdown in AI demand, though the Meta capacity report and renewed scrutiny of hardware margins have added a fresh layer of uncertainty heading into the next round of quarterly earnings.

Key Takeaways Cenovus targets production above 1 million BOE/d by 2028 through multiple growth projects. Christina Lake North's redevelopment well program began ahead of schedule and should lift output this year.Cenovus' integrated assets and pipeline access help secure better pricing during market volatility. Cenovus Energy (CVE - Free Report) is an integrated energy company based in Canada, with its operations spanning the upstream and downstream segments. CVE’s upstream production is primarily supported by its oil sands assets, which are characterized by a low cost of production and a long reserve life. Following the acquisition of MEG Energy, Christina Lake North has emerged as one of Cenovus' most important growth assets, strengthening its long-term production outlook.

In its first quarter earnings call, CVE mentioned that the redevelopment well program at Christina Lake North started ahead of schedule and is expected to deliver a meaningful production increase throughout the rest of the year. Cenovus is also pursuing other key growth projects, including the Foster Creek optimization, Sunrise optimization and the West White Rose project, which are expected to contribute to its target of producing more than 1 million barrels of oil equivalent per day (BOE/d) by 2028. With multiple growth projects under development and a portfolio of long reserve-life assets, Cenovus is well positioned to deliver sustainable production growth and generate meaningful cash flows over the long term.

The company's upstream business also stands to benefit from the current strength in crude prices, driven by the escalating geopolitical tensions in the Middle East. Cenovus’ production mostly comprises heavy crude, which is typically priced against the Western Canadian Select (“WCS”) benchmark. While WCS usually trades at a discount to the West Texas Intermediate (WTI), the overall commodity price environment currently remains favorable for upstream players.

Moreover, CVE’s access to downstream infrastructure and pipeline capacity allows it to mitigate the risk of heavy crude price dislocations by gaining access to premium markets and realizing better pricing. The integrated nature of its business supports its profitability during volatile times.

Other Canadian Integrated Energy CompaniesSuncor Energy (SU - Free Report) is a leading Canadian integrated energy player whose operations include oil sands development and upgrading, conventional and offshore crude oil and gas production, petroleum refining and product marketing. The company’s integrated business model, spanning upstream production and downstream refining, provides resilience across commodity cycles, supporting profitability and cash flow generation.

Imperial Oil Limited (IMO - Free Report) is another leading integrated energy company headquartered in Canada. IMO’s operations span across exploration and production, refining and a petrochemicals business. The company is a major Canadian oil sands producer and the largest jet fuel supplier in the country. Notably, the U.S. oil giant Exxon Mobil Corporation holds an approximately 71% stake in the Canadian operator.

CVE’s Price Performance, Valuation & EstimatesShares of CVE have jumped 102% over the past year compared with the 73.5% improvement of the composite stocks belonging to the industry.

Image Source: Zacks Investment Research

From a valuation standpoint, CVE trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 6.79X. This is below the broader industry average of 7.15X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for CVE’s 2026 earnings has seen downward revisions over the past seven days.

Image Source: Zacks Investment Research

SU and IMO currently sport a Zacks Rank #1 (Strong Buy) each, while CVE carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.

Key Takeaways Columbia Sportswear expects mid-single-digit global wholesale growth in the second half of 2026.Women's business and footwear orders grew double digits, while Amaze and ROC orders more than doubled."Engineered for Whatever" and digital campaigns are strengthening engagement and brand positioning. Columbia Sportswear Company’s (COLM - Free Report) ACCELERATE strategy is showing encouraging signs of traction as its investments in product innovation and brand engagement begin to resonate with consumers. Early indicators suggest that newer products and marketing initiatives are resonating well with shoppers, while retailer demand for ACCELERATE products is strengthening.

In the first-quarter 2026 earnings call, Columbia Sportswear highlighted its improving Fall 2026 order book as an important sign of the strategy’s progress. The company expects mid-single-digit global wholesale growth in the second half of 2026, with the U.S. order book coming in stronger than initially anticipated. The company said stronger demand for ACCELERATE products helped boost its Fall 2026 order book.

The strategy is also reshaping Columbia Sportswear’s product portfolio. The company reported double-digit growth in women's business and footwear orders, while premium product platforms such as Titanium and Omni-Heat Arctic continue to gain traction. New product franchises, including Amaze and ROC, have more than doubled orders from the prior year, reflecting growing acceptance of the refreshed product lineup.

Marketing remains another key pillar of the ACCELERATE strategy. The "Engineered for Whatever" campaign and digital initiatives are helping strengthen consumer engagement and reinforce Columbia Sportswear’s refreshed brand positioning. The company also highlighted growing momentum in its Performance Fishing Gear business, supported by targeted marketing efforts and strong demand for products such as the Bahama shirt and Dry Tortuga Boot.

Overall, Columbia Sportswear’s ACCELERATE strategy appears to be gaining traction through stronger product innovation, encouraging retailer response and deeper consumer engagement, reflecting early progress in its efforts to elevate the Columbia brand and attract younger, more active consumers.

Columbia Sportswear’s Zacks Rank & Share Price PerformanceThis Zacks Rank #2 (Buy) stock has gained 8.2% in the past three months against the broader Consumer Discretionary sector and the industry’s decline of 5.8% and 1.2%, respectively. COLM has also outperformed the S&P 500, which gained 6.8% during the same period.

COLM Stock's Past 3 Months' Performance
Image Source: Zacks Investment Research

Is COLM a Value Play Stock?Columbia Sportswear currently trades at a forward 12-month P/E ratio of 15.21, above the industry’s average of 14.93. This valuation places the stock at a premium relative to peers, indicating broader market expectations around its business stability and ability to navigate current cost and demand dynamics.

COLM P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research

Other Key PicksDuluth Holdings Inc. (DLTH - Free Report) , which deals in casual wear, workwear and accessories for men and women, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for DLTH’s current fiscal-year EPS indicates growth of 39.5% from the year-ago number. Duluth Holdings delivered a trailing four-quarter earnings surprise of 107.5%, on average.

Vince Holding Corp. (VNCE - Free Report) provides luxury apparel and accessories in the United States and internationally. At present, the company holds a Zacks Rank of 2. VNCE has delivered a trailing four-quarter earnings surprise of 635.7%, on average.

The Zacks Consensus Estimate for VNCE’s current fiscal-year EPS indicates growth of 34.1% from the year-ago number.

Ralph Lauren Corporation (RL - Free Report) , which is a designer and marketer of premium lifestyle products, currently carries a Zacks Rank of 2. RL delivered a trailing four-quarter earnings surprise of 9.1%, on average.

The Zacks Consensus Estimate for Ralph Lauren’s fiscal-year EPS indicates growth of 10.5% from the year-ago number.