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A view shows the logo of Brazilian state-run oil firm Petrobras in Rio de Janeiro, Brazil June 5, 2025. REUTERS/Ricardo Moraes Purchase Licensing Rights, opens new tab

CompaniesLA PAZ, July 9 (Reuters) - Bolivia will launch technical talks next week with Brazil's state-run oil firm Petrobras (PETR3.SA), opens new tab on its possible return to exploration and production in the country, while the ​company is also willing to help restructure state energy firm YPFB, Energy Minister ‌Marcelo Blanco said on Thursday.

The government of President Rodrigo Paz is looking to reopen Bolivia to energy investment and revive trade with key partners such as Brazil after years of declining gas output helped drain hard-currency reserves ​and turn a former energy exporter into a country hit by recurring fuel shortages.

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"The goal ​is for them to produce again, to operate here in Bolivia, to ⁠explore, and to have a strategic partnership," Blanco told reporters, adding that Petrobras was open ​to supporting YPFB's restructuring with its past crisis-management experience.

Blanco said the two sides agreed after a ​meeting on Wednesday to set up technical working groups starting next week to evaluate Petrobras' renewed participation across the sector.

He did not provide investment figures or a timeline.

"I am not going to give figures. I will ​not be irresponsible. I never give amounts or exact dates," Blanco said, adding that Bolivia ​was also seeking to work with other investors interested in the country.

YPFB President Sebastian Daroca also said a ‌firm ⁠was expected to submit its final report next week on Bolivia's oil and gas reserves through the end of last year.

He said the government planned to use the figures to discuss how it could boost output in coming years.

The report is being closely watched by analysts and industry ​groups because Bolivia has ​faced longstanding criticism ⁠over delays in publishing updated reserve data, leaving uncertainty over the size of the country's remaining oil and gas resources.

Petrobras halted investments in Bolivia ​after former President Evo Morales nationalized the sector in 2006. Still, ​the Brazilian company ⁠has not been completely absent from Bolivian gas business, as it has been authorized to import Bolivian natural gas into Brazil through border entry points between the two countries.

In March, Paz said ⁠Bolivia wanted ​to restart its relationship with Petrobras under new and clearer ​energy regulations designed to lure foreign capital back to the country after more than a decade of declining gas output.

Reporting ​by Daniel Ramos; Writing by Michael Susin in Barcelona; Editing by Aida Pelaez-Fernandez and Kylie Madry

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Jul 9, 2026, 12:00 p.m.

2 min read

Summary

Mantle is migrating its $2.5 billion Super Portal from LayerZero to Chainlink's CCT standard to enhance security and control over token transfer settings.Migrations to Chainlink CCIP so far include Kelp and Lombard, both of which brought over $1 billion, as well as Solv Protocol, Virtuals, Re and Kraken’s tokenized assets.The Mantle migration will occur from July 9 to the 15, enabling the project to expand MNT token transfers to additional blockchain networks while securing assets via oracles.More than $7.2 billion in cross-chain and wrapped assets have migrated from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) since May, with Mantle becoming the latest project to replace LayerZero for high-value token transfers.

Mantle said it is migrating its Super Portal, which it co-developed with Bybit, from LayerZero's Omnichain Fungible Token (OFT) standard to Chainlink's Cross-Chain Token (CCT) standard.

LayerZero and Chainlink CCIP both let token holders move assets between blockchains, a basic requirement as crypto markets spread across competing networks.

The infrastructure matters because bridges between different blockchains have become one of crypto’s largest security risks, with a single failure able to expose hundreds of millions of dollars in user assets.

The portal enables transfers of the MNT token between Ethereum and Solana, with support for additional blockchain networks planned.

The migration includes MNT, the native token of Mantle's network, which has more than $2.5 billion in value locked. Mantle's move pushes the total value of announced migrations from LayerZero to Chainlink CCIP above $7.24 billion.

The shift began after the $292 million Kelp bridge exploit earlier in the year, which increased scrutiny of LayerZero-powered bridge configurations. Kelp later announced it would migrate more than $1.5 billion in assets to Chainlink CCIP.

Since then, Solv Protocol migrated $700 million in tokenized bitcoin, Re moved $475 million, Kraken transferred $330 million in wrapped assets, Lombard migrated more than $1 billion, Virtuals Protocol moved $700 million and Yuzu Money transferred $54.5 million.

Mantle said its Super Portal will be suspended during the migration, which is scheduled to take place between July 9 and July 15. Existing MNT on Ethereum and Solana, along with MNT activity on Byreal and Bybit, will remain unaffected.

"As tokenized financial assets move from concept to scale, the infrastructure that carries them across chains cannot be an afterthought," Emily Bao, a key advisor at Mantle, said in a statement.

Under the new setup, Chainlink CCIP will secure MNT transfers using its decentralized oracle network. Mantle said the migration also gives it direct control over token pools and transfer settings under the CCT standard as it expands MNT to additional blockchain networks and tokenized asset markets.

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Stablecoin issuer Circle has come under scrutiny from US prosecutors over allegations that it has resisted court orders and law enforcement requests aimed at recovering crypto stolen through scams, according to officials in Wisconsin and New York.

The dispute centers on a Wisconsin fraud case in which Circle froze approximately 381,000 USDC but later declined to comply with a court order directing it to invalidate those tokens and issue replacements to law enforcement.

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Circle has denied wrongdoing, arguing it lacked the technical ability to carry out the order, that the complaint should be dismissed, and that prosecutors failed to pursue alternative solutions.

Law enforcement officials say the case underscores the growing challenge of combating crypto-enabled fraud, as funds can be transferred across blockchains before courts can intervene.

Prosecutors have also questioned Circle’s policy of freezing assets only through a formal legal process, while industry experts argue the company could implement technology similar to rival Tether’s system for burning and reissuing stolen tokens.

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

Key Takeaways CoreWeave sees rising AI demand driving record backlog and deeper customer commitments.CRWV topped 1 GW of active power and targets more than 1.7 GW by the end of 2026.CoreWeave added over 400 MW of contracted power, lifting total capacity above 3.5 GW. As organizations race to build and deploy increasingly sophisticated AI models, the need for massive computing power seems to compound. This growing demand has created an emerging opportunity for AI-focused cloud infrastructure providers, like CoreWeave, Inc. (CRWV - Free Report) .

Management highlighted four key themes –rising AI demand across hyperscalers and enterprises, a broader platform supporting training, inference, agentic AI workloads, rapid infrastructure expansion with more than 3.5 GW of contracted power and stronger financing that has secured more than $20 billion in debt and equity this year. AI workloads are shifting from training to inference and enterprise production, driving deeper commitments from existing customers while attracting new enterprise clients. This momentum fueled record backlog additions in the first quarter, including initial Vera Rubin deals alongside continued deployment of Blackwell, Hopper and Ampere capacity, with most of the new business expected to support its 2027 growth targets.

CoreWeave's aggressive infrastructure expansion is a key competitive advantage. It continues to strengthen its competitive edge by rapidly converting scarce AI infrastructure into revenue-generating AI cloud capacity. CRWV surpassed 1 GW of active power in the quarter and remains on track to exceed 1.7 gigawatts by the end of 2026. During the quarter, CoreWeave added more than 400 MW of contracted power, increasing its total to over 3.5 GW, with most of the capacity expected to come online by the end of 2027 through long-term lease agreements.

With strong customer demand, strategic global expansion, innovative AI services and partnerships with leading technology companies, CoreWeave appears well-positioned to capitalize on the AI infrastructure boom.

CRWV's AI Dominance Faces Fierce RivalsNebius Group N.V. (NBIS - Free Report) recently unveiled Nebius AI Cloud Aether 3.6, a wide range of enhancements focused on developer productivity, enterprise-grade security, governance and storage performance. The release also marks the debut of Nebius Echo, an AI-powered infrastructure assistant that represents NBIS’ vision for agentic cloud computing. To strengthen its position in the rapidly evolving AI cloud market, NBIS inked an agreement to acquire Eigen AI, in May. By integrating Eigen AI’s optimization stack into its Token Factory platform, NBIS aims to create a vertically integrated AI inference ecosystem that combines massive compute infrastructure, advanced model optimization and enterprise-ready deployment pipelines.

Microsoft (MSFT - Free Report) capitalizes on AI business momentum and Copilot adoption alongside Azure cloud infrastructure expansion. The Azure AI platform continues to benefit from demand across AI and non-AI services, with customer demand exceeding available capacity. It added another GW of capacity during the quarter and remains on track to double its overall data center footprint within two years. New data center investments were announced across four continents. In May, it signed new agreements with U.S. and U.K. government partners, the Center for AI Standards and Innovation and the AI Security Institute to advance AI testing and safety evaluation frameworks.

CRWV’s Price Performance and EstimatesShares of CoreWeave have gained 25.6% year to date against the Internet Software industry’s fall of 8.7%.

Image Source: Zacks Investment Research

In terms of Price/Book, CRWV’s shares are trading at 8.46X, higher than the Internet Software Services industry’s 4.67X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for CRWV’s earnings for the current year has been revised downward over the past 60 days.

Image Source: Zacks Investment Research

CRWV currently carries a Zacks Rank #4 (Sell).

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

Key Takeaways Seagate is benefiting from AI-driven storage demand, supporting higher revenue growth and margin expansion.STX is advancing HAMR with Mozaic drives, targeting higher-capacity enterprise HDDs through 2027.STX is boosting shareholder returns with debt reduction, dividends, buybacks and strong cash flow. The AI boom has reshaped the technology landscape, creating massive demand not only for GPUs and cloud infrastructure but also for data storage solutions. As enterprises generate and retain unprecedented amounts of AI training and inference data, storage has become a critical piece of the AI value chain.

Among the biggest beneficiaries of this trend has been Seagate Technology Holdings plc (STX - Free Report) , surging an impressive 505.6% over the past year. It has outpaced the Zacks Computer-Integrated Systems industry, the Zacks Computer & Technology sector and the S&P 500’s run of 218.8%, 34.4%, and 23.1%, respectively, in the same period.

Image Source: Zacks Investment Research

STX’s shares have exceeded its industry peers like International Business Machines Corporation (IBM - Free Report) , but lagged HDD behemoth and its direct competitor Western Digital Corporation (WDC - Free Report) and storage rival Micron Technology (MU - Free Report) . WDC, MU and IBM have gained 751.4%, 676.2% and 4.1%, respectively, during the same time frame.

STX remains one of the world's leading manufacturers of enterprise HDDs and has been aggressively developing next-generation high-capacity drives specifically designed for AI data centers. The company boasts a 52-week high of $1,145. Nonetheless, such an extraordinary rally naturally raises an important question for investors: Can Seagate continue climbing, or has the market already priced in most of the opportunity?

Accelerating AI Infrastructure Spending Fuels STX’s ExpansionAI is driving an explosion in data storage. As hyperscale cloud providers continue expanding AI infrastructure, they increasingly rely on a combination of SSDs for active workloads and HDDs for large-scale data storage. This industry trend plays directly into Seagate's strengths. Major cloud providers, including Microsoft, Amazon, Alphabet and Meta Platforms, continue investing tens of billions of dollars in AI infrastructure. As they expand AI data centers, demand for enterprise storage is rising, creating a strong long-term growth opportunity for Seagate.

Management highlighted that the company is entering a “new era of structural growth” driven by strong AI-led demand, rising adoption of Mozaic products and disciplined execution focused on expanding margins, cash flow and long-term value. While SSDs dominate high-speed applications, HDDs remain significantly more cost-effective for bulk storage—especially critical in hyperscale data centers supporting AI infrastructure. Seagate is well-positioned to capture this expanding opportunity through a technology strategy focused on increasing areal density rather than unit volumes, enabling a more capital- and manufacturing-efficient path to scale while improving cost and power efficiency per terabyte. This supports its target of mid-20% exabyte growth.

HAMR Technology Gives STX a Competitive EdgeInvestment in HAMR technology is STX’s key competitive advantage. Seagate’s focus on areal density and HAMR technology supports capacity growth and cost efficiency, with new product generations planned. Mozaic 4, second-generation HAMR, delivers up to 44TB per drive, 30% more capacity than the first generation. Mozaic 4 shipments began in late March and are expected to command 70% of HAMR shipments by the end of fiscal 2027. Mozaic 5 is in development, targeting 50TB capacity, with qualification shipments in late 2027. HAMR exabyte crossover is expected by the end of 2026. The focus is on increasing capacity per unit rather than unit volume, leveraging technology to improve aerial density.

Second-generation HAMR enables continued growth, with third-generation drives with 50TB capacity expected by the end of next year. Technology innovations include laser, photonic circuitry and media improvements, with minimal impact on the bill of materials. Seagate's strategy is built on durable storage demand, technology leadership and disciplined execution. Rising AI-driven data creation is boosting demand for cost- and energy-efficient, high-capacity HDDs, while its Mozaic platform and HAMR technology strengthen its competitive position. Backed by build-to-order contracts, pricing discipline and long-term supply agreements, Seagate is improving margin visibility and profitability.

Strong hyperscaler investment and sustained nearline storage demand have prompted the company to raise its annual revenue growth outlook to at least 20%, with capacity largely committed through 2027. Seagate's disciplined pricing strategy, supported by build-to-order contracts, provides greater revenue visibility and margin stability. Strong year-over-year and sequential price increases reflect robust demand, while most pricing for fiscal 2027 is already locked in with a significant portion of capacity allocated over the next four quarters. This approach is expected to support sequential revenue and profit growth throughout fiscal 2027, with management anticipating stable pricing trends rather than further acceleration.

Seagate's margins continue to outperform expectations, driven by strong demand, a favorable product mix and technology-led cost efficiencies. Incremental gross margins have exceeded the company's 50% target, supported by higher-capacity drives, improved yields and greater production efficiency. Management expects further margin expansion as Mozaic 5 and other technology advancements enhance cost and performance.

Strong Cash Returns Enhance the Investment CaseConsistent free cash flow generation strengthens Seagate's balance sheet and provides flexibility for future investments. Seagate also rewards shareholders through dividends. The company has maintained an attractive dividend policy while continuing to invest in product innovation. For income-focused investors, this provides an additional layer of return beyond potential share-price appreciation.

Seagate is using its strong cash flow to reduce debt while returning capital to shareholders through dividends and share repurchases. After retiring $641 million in debt last quarter, the company plans to reduce its remaining convertible notes further, expand buybacks and continue investing in growth, reinforcing its commitment to long-term shareholder value. It will maintain capital discipline while continuing the transition and ramp-up of HAMR technology, with fiscal 2026 capital spending expected to remain within its target range of 4–6% of revenue.

Image Source: Zacks Investment Research

However, investors should remain aware of several risks. The HDD industry remains cyclical, making shipments vulnerable to customer inventory corrections, slower enterprise spending and weaker PC demand. Declining SSD prices could also intensify competition, although HDDs continue to offer a significant cost advantage for exabyte-scale storage. Additionally, Seagate's reliance on large hyperscale cloud customers means changes in their purchasing schedules can lead to quarter-to-quarter revenue volatility.

Positive Estimate Revision Trend for STXSTX is currently witnessing an uptrend in estimate revisions. Earnings estimates for fiscal 2026 have inched up 0.3% to $14.93 over the past 60 days, while the same for fiscal 2027 has gone up 6.5% to $28.05.

Image Source: Zacks Investment Research

Valuation VulnerabilitiesGoing by the price/earnings ratio, the company’s shares currently trade at 30.54 forward earnings compared with 13.5 for the industry.

Image Source: Zacks Investment Research

In comparison, the forward 12-month price/earnings multiple for IBM, MU and WDC are 23.35X, 6.73X and 29.54X, respectively.

Is More Upside Ahead for STX Stock?Seagate's growth outlook is driven by several long-term catalysts, including sustained AI infrastructure spending, broader adoption of HAMR technology, increasing enterprise data storage needs and continued expansion of cloud data centers. Improving storage pricing, robust free cash flow and ongoing margin expansion could further boost earnings. Successful execution of its technology roadmap would strengthen Seagate's leadership in enterprise storage and support additional upside over the long term.

For investors who believe AI-driven data creation will continue accelerating over the next decade, Seagate remains an attractive way to gain exposure to one of the essential segments of the AI supply chain. While short-term pullbacks are always possible after such a strong run, the company's technological prowess, improving profitability and exposure to one of the fastest-growing technology trends suggest there could still be further upside over the long term.

Boasting a Zacks Rank #1 (Strong Buy) currently, STX is a portfolio must-have. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Uber CTO Praveen Neppalli Naga said that the company is rolling out AI agents across the company using "agentic pods." Big Event Media/Getty Images for HumanX Conference Uber has a new approach to using AI: "Agentic pods."

Praveen Neppalli Naga, the ride-hailing company's tech chief, said in an X post on Tuesday that Uber embedded 30 of its "most AI-proficient engineers" with teams across the company, including finance, legal, and human resources.

Over two weeks, the engineers worked with employees in those departments, observed their work, and created AI agents to help handle tasks, Naga said. Uber has run 16 such Agentic Pods over the past two months, he said.

Many of the duties that Uber's engineers developed agents for, such as financial pacing reports, involved accessing multiple systems and performing a lot of manual work. The engineers had to work directly with the people responsible for them to understand how to recreate them with AI.

"You can't automate them effectively by looking at process diagrams or documentation," Naga said in his post. "You have to understand how the work actually gets done."

The resulting agents are saving Uber time. Those financial pacing reports can now be made in 10 minutes, down from two days, Naga said. Allocating capital across 150 cities Uber operates in, a task that used to take 15 hours, now takes 30 minutes with AI agents.

Uber's experience with pods points to a role that's become a rare bright spot amid industry layoffs. Despite job cuts, tech companies are still hiring forward-deployed engineers, Business Insider reported in May. The job often involves an engineer from an AI company working with employees at a customer firm.

Whether those efficiencies are worth it is another question.

In May, Uber's chief operating officer, Andrew Macdonald, said on a podcast that it was getting harder for the company to justify spending as much as it has on AI.

Uber, like many tech companies, has ramped up spending on AI. Naga told The Information that Uber maxed out its Claude Code budget for the year this spring. All that spending hasn't led to a similar increase in "useful" consumer features, though, Macdonald said.

Uber plans to keep using the agentic pod model, Naga said in his X post.

"We're now forming a dedicated team to scale this further and go deeper," he said.

"They'll deeply understand the work, redesign it from the ground up, and use AI to fundamentally change how the business operates," he added.

Do you have a story to share about Uber? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.

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

Alex Bitter is a senior retail reporter covering the gig economy, food, and retail. His work focuses major gig delivery and ride-hailing apps, including Uber, Lyft, DoorDash, Instacart, and Walmart's Spark. He is interested in everything from what it's like to work on the apps to the companies' business strategies.Some of his recent stories feature gig workers who have been deactivated on the apps, DoorDash hiring traditional employees to make deliveries, gig workers' use of bots, and gig work expanding into new professions, such as nursing.Alex has also written about Aldi's US expansion, Starbucks' turnaround efforts, and the fallout from Kraft-Heinz's budget cutting. Convenience store chain Sheetz ended its "smile policy" after his reporting.Before joining Insider in September 2020, he wrote about consumer and retail companies for S&P Global Market Intelligence. He's a graduate of the University of Hawai'i at Mānoa and grew up on the Big Island.Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.

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Amazon (NASDAQ:AMZN | AMZN Price Prediction) and Microsoft (NASDAQ:MSFT) both filed earnings on April 29, 2026, framing two different bets on the AI buildout. Amazon leans on custom silicon and, per a $25 billion multi-tranche bond sale, to fund infrastructure. Microsoft leans on its OpenAI stake and contracted backlog. Same tailwind, different balance sheets.

AWS Reaccelerates While Azure Sprints Ahead Amazon posted EPS of $2.78 against a $1.653 estimate on revenue of $181.52 billion, up 16.61%. AWS grew $37.59 billion in revenue, growing 28%, the fastest pace in fifteen quarters, at a 37.7% operating margin. Ads cleared $70 billion trailing, a real second engine.

Microsoft delivered EPS of $4.27 versus $4.09 expected on $82.89 billion in revenue, up 18.3%. Azure grew 40% (39% constant currency), and the AI business hit $37 billion annual run rate, up 123%. Commercial remaining performance obligations reached $627 billion, nearly doubling year-over-year, contracted demand years out.

Business Driver Amazon Microsoft Cloud growth AWS +28% Azure +40% Q1 CapEx $44.2B $30.88B Operating margin 11.2% 45.6% Custom Silicon Vs. Contracted Compute Andy Jassy said Amazon’s chips business is at $20 billion run rate with triple-digit growth, with total Trainium commitments reaching over $225 billion, including up to 5 GW from Anthropic and 2 GW from OpenAI starting in 2027. Jassy expects Trainium to save “tens of billions of dollars of CapEx each year”.

Microsoft’s leverage is contractual. Satya Nadella framed the quarter around delivering “cloud and AI infrastructure and solutions” for the agentic era. Microsoft leans heavily on NVIDIA silicon and its OpenAI partnership, enormously profitable but leaving less optionality on chips than Amazon has built.

The Capex Bill Is About To Get Louder Amazon’s TTM free cash flow collapsed 95% to $1.2 billion, and long-term debt jumped to $119.1 billion from $65.6 billion. Polymarket traders assign 87.5% probability that 2026 capex tops $200 billion, with a coin-flip on $220 billion or more. Microsoft’s CapEx surged 84.39% year-over-year, and management stayed quiet on numeric guidance. I want to see whether AWS margins hold as this cash deploys.

Why I’m Leaning Toward Amazon Right Now Since the reports, AMZN is down 6.49% and MSFT is down 8.19%. Neither has been rewarded. Amazon’s ability to tap institutional debt cheaply, pair it with a chip stack customers are pre-buying in gigawatts, and still show 29.6% operating income growth on core business tilts the read. Microsoft is a fantastic compounder at 45.6% operating margin, and if you want quality and dividend support, that case is intact. But if custom silicon is the real moat of this cycle, Amazon looks like the fortress trade. I would change my view if AWS margin slips below the mid-30s while capex keeps climbing.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Six gigawatts. That is the total AMD Instinct GPU capacity AMD (NASDAQ:AMD | AMD Price Prediction) will deploy for Meta under a partnership disclosed alongside its most recent earnings, with the first 1-gigawatt tranche powered by a custom MI450-based GPU. For scale reference, one gigawatt is roughly the output of a large nuclear reactor. Meta is committing to power-plant-scale AMD silicon, and it is doing so on top of a separate 6-gigawatt OpenAI agreement already on the books.

The total investment in compute for AMD has been rumored to be around $300 billion, though we’ll see what ultimately gets invested over time. Indeed, that’s the big question mark right now in financial markets.

What It Means Hyperscalers do not sign gigawatt-scale accelerator agreements as hedges. They sign them when they intend to build. That reframes AMD from a challenger chasing NVIDIA (NASDAQ:NVDA) into a co-supplier for the largest AI infrastructure buildouts in the world.

The financial fingerprints are already on the tape. Q1 FY2026 Data Center revenue reached $5.775 billion, up 57% year over year, making it the largest and fastest-growing of AMD’s four segments. Total Q1 revenue landed at $10.253 billion, up 37.9% year over year, beating the $9.91 billion consensus by 3.41%. Non-GAAP EPS came in at $1.37 versus $1.29 expected, driven by non-GAAP gross margins which expanded to 55% (up 170 basis points year over year).

Cash generation is scaling with the mix shift. Q1 free cash flow hit $2.566 billion, up 252.96% year over year, on operating cash flow of $2.955 billion. Net income more than doubled to $1.383 billion, up 95.06%.

Market Reaction AMD shares closed at $517.82 on July 2, 2026, down 4.26% on the day. That single-session dip is noise inside a much larger move. AMD is up 141.79% year to date from $214.16 at the end of 2025, and up 273.82% over the past year. For context, over the same twelve months, NVIDIA is up 24.06%.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn't make the cut. Grab the names FREE today.

Bull Case The AMD bull case rests on a simple observation – the company’s customer roster now looks like NVIDIA’s. AWS, Google Cloud, Microsoft Azure, and Tencent are expanding 5th Gen EPYC-powered instances. Meta is the lead customer for 6th Gen EPYC (Venice and Verano). Oracle Cloud Infrastructure is standing up a 50,000-GPU AI supercluster using AMD Helios rack design in Q3 2026. Samsung is supplying HBM4 memory for the MI455X.

Guidance points to further acceleration. AMD guided Q2 FY2026 revenue to roughly $11.20 billion, implying about 46% year-over-year growth, with non-GAAP gross margin expanding to about 56%. On the Q1 call, CEO Lisa Su said, “Customer engagement around MI450 Series and Helios is strengthening, with leading customer forecasts exceeding our initial expectations and a growing pipeline of large-scale deployments providing us with increasing visibility into our growth trajectory.”

The pressure on rivals is visible in relative performance. Intel (NASDAQ:INTC) still carries a negative EPS of -$0.60 on a trailing basis, with quarterly earnings growth down 71.7% year over year. NVIDIA remains the incumbent, but AMD is winning nameplate capacity commitments rather than trial orders. Analyst posture reflects it: 41 buy or strong buy ratings against 10 holds and zero sells, with a consensus target of $508.31.

Bottom Line Six gigawatts from Meta and another six from OpenAI turn AMD’s AI narrative from optionality into contracted backlog. For long-term holders, the anchor to watch is Data Center revenue, which drove the Q1 beat and underpins Q2 guidance of about $11.20 billion in total revenue.

AMD’s valuation is stretched, with a forward P/E of 77 on a stock up 141.79% year to date leaves little room for execution slips. But, the shipments behind those gigawatts are what the next earnings report will need to prove. That is the number that decides whether the pressure on rivals turns into permanent market share.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Key Takeaways NKE's recovery is uneven as running, training and North America improve, but Sportswear and China drag.NIKE Direct revenues fell 7% in Q4 fiscal 2026, with Digital down 12% and owned stores down 7%.Wholesale offers relief, rising 4% in Q4 fiscal 2026 and 6% for the year, led mainly by North America. NIKE, Inc. (NKE - Free Report) is trying to turn a narrower set of operating wins into a broader recovery. The problem is that the gains are still uneven.

Running, global football, training and North America are improving. Sportswear, Jordan Streetwear, NIKE Direct and Greater China continue to pressure demand, pricing and near-term visibility.

NKE Recovery Is Split by CategoryThe clearest progress is coming from performance categories. Running has delivered five consecutive quarters of double-digit growth and added roughly $1 billion over that span. Performance product grew mid-single digits in fiscal 2026, with positive retail sales comparisons across running, training and global football in the fourth quarter.

Management expects growth to expand beyond running into training, basketball and ACG in fiscal 2027. Still, Sportswear and Jordan Streetwear remain weak. Sell-through is challenged, discounting is elevated and future order books are being affected.

NIKE Direct Still Drags on GrowthNIKE Direct remains one of the biggest gaps in the recovery. In the fourth quarter of fiscal 2026, NIKE Direct revenues fell 7% on a reported basis and 9% on a currency-neutral basis to $4.1 billion. NIKE Brand Digital declined 12%, while NIKE-owned stores were down 7%.

The weakness matters because Sportswear and Jordan Streetwear together represent about half of NIKE’s revenues. NIKE is reducing promotions, repositioning digital as a premium business and working to elevate 50% of its owned-store fleet by the end of fiscal 2027. That reset can help brand health, but it also slows the pace of revenue improvement.

NKE Wholesale Rebound Offers Some ReliefWholesale is providing a partial offset. Fourth-quarter fiscal 2026 wholesale revenues rose 4% on a reported basis and 1% on a currency-neutral basis to $6.6 billion, driven mainly by North America. In fiscal 2026, wholesale revenues increased 6% on a reported basis and 4% on a currency-neutral basis.

NIKE is rebuilding partner relationships through curated assortments, better in-store presentation and sport-led storytelling. DICK’S Sporting Goods Inc.’s (DKS - Free Report) Foot Locker is an important marker in that process, as NIKE’s revenue growth and retail sales comparisons as the retailer turned positive for the first time in four years. adidas AG (ADDYY - Free Report) , a major athletic footwear and apparel peer, remains a useful comparison point for investors watching whether NIKE can regain product momentum while protecting brand premium.

NIKE China Reset Clouds Near-Term VisibilityGreater China remains a major overhang. Fourth-quarter revenues in the region fell 12% on a reported basis and 17% on a currency-neutral basis to $1.3 billion. NIKE Direct declined 14%, including a 25% drop in NIKE Digital and a 9% decrease in NIKE stores, while wholesale declined 19%.

In fiscal 2026, Greater China revenues declined 11% on a reported basis and 13% on a currency-neutral basis to $5.85 billion. NIKE has seen digital full-price realization improve and inventory decline by double digits, but management expects near-term revenue trends in the region to remain in line with recent performance.

NKE Signals Point to Ongoing CautionThe bottom line is that NIKE’s recovery has real operational green shoots, but not enough broad-based strength yet. Performance categories and wholesale are improving, while Sportswear, Jordan Streetwear, direct channels and China continue to weigh on the pace of a cleaner rebound.

NKE currently carries a Zacks Rank #4 (Sell). The stock also has a Value Score of D, Growth Score of F, Momentum Score of F and VGM Score of F. Style Scores are designed to complement the Zacks Rank, with stronger grades generally pointing to more favorable value, growth or momentum characteristics.

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

For NIKE, those signals support a cautious stance. A weak Rank reflects pressure in earnings estimate trends, while weak Style Scores suggest limited support from valuation, growth and momentum factors. Until category strength spreads more widely across channels and geographies, the stock outlook remains tied to execution proof rather than early signs of improvement.

The artificial intelligence (AI) bellwether has had its bell rung lately. Is the ding a dinner bell for opportunistic investors? Nvidia (NVDA 0.88%) may have kicked off the AI revolution a couple of years ago, but the market has been rotating out of the global leader lately.

Nvidia stock has fallen 14% since hitting an all-time high in May. Despite inching higher through the first three trading days of this week, the shares are lower over the past month. It's a stunning contrast to the overall market, which is clawing toward fresh highs.

Image source: Getty Images.

Rotation out of the leading AI chipmaker while business is still booming is surprising, but it's not without precedent. More importantly, it's not likely to be permanent. Bullish market sentiment turning its buy order attention to the next step of AI beneficiaries, including memory and data storage manufacturers, earlier this year, isn't outlandish, even if that segment has come under selling pressure in recent weeks.

You can go up and down the pick-and-shovel ecosystem in the near term. It just seems as if you can't ignore the lead horse over the long run.

Nvidia stock is facing plenty of challenges right now, but they seem small compared to the opportunity. Let's take a closer look at the company that continues to be the largest player by market cap, but one that is now the cheapest that it's been in years, according to one popular valuation metric.

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You can buy Nvidia for just 16 times next year's earnings You read that subhead correctly. Nvidia is now trading for 23 times this fiscal year's earnings, but an even more jaw-dropping 16 times next year's analyst profit target. There are some potential headwinds out there, and I don't want to dismiss them.

China's DeepSeek is making waves again. Its latest DSpark inference module reportedly improves AI rendering speed by up to 85% without requiring new hardware. If you can do more with existing hardware, there is no need to upgrade to Nvidia's shiniest new chips. That's not something you just sweep under the rug, but do you remember when Nvidia tumbled in early 2025, when DeepSeek made headlines? Nvidia's growing client base needs reliability more than it craves the gamble of cutting corners.

Nvidia's revenue has accelerated for three consecutive quarters. The 85% top-line jump it posted in its fiscal first quarter is the strongest increase in a year and a half. The growth rate isn't sustainable, but it shows that the initial DeepSeek headlines didn't slow Nvidia's skyrocketing trajectory.

Bears can point to growing competition in AI chips and Chinese trade restrictions. Nvidia just had its first major debt offering in five years. Demand is outpacing the uptick in competitors and trade restrictions. Betting against Nvidia could be a mistake here, especially with Nvidia shares at their cheapest level in years.

It all adds up The chart is interesting. The purple line is Nvidia's stock, which has had a stellar run as a market leader, more than tripling over the past three years. The blue line is Nvidia's earnings multiple for the current fiscal year. You see it drop come late January, when the baton is passed to the next fiscal year, but notice how hype exceeded reality in 2024 (Nvidia's fiscal 2025) before normalizing a year later and outright reversing this year. The orange line -- looking out to bottom-line forecasts for the following fiscal year -- is understandably a year ahead of that swing in valuation momentum.

Saying that Nvidia is trading for just 16 times next year's Wall Street profit target means that it's cheaper than the S&P 500 itself. Should Nvidia really be trading at a discount to the market when it's growing considerably faster? Nvidia's growth will decelerate at this point, and margins may contract as rivals improve their hardware alternatives.

The problem -- and your opportunity -- is that this is the same bear case that has been debunked in recent quarters. Nvidia keeps getting stronger, and analyst profit estimates keep rising. In short, by the end of the next fiscal year, there's a fair chance that Nvidia stock's snapshot today was trading for a lot less than 16 times next year's earnings.

Ding? It's your move.

The market expects GE Aerospace (GE - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on July 16, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis industrial conglomerate is expected to post quarterly earnings of $1.86 per share in its upcoming report, which represents a year-over-year change of +12.1%.

Revenues are expected to be $11.86 billion, up 16.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for GE?For GE, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.79%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that GE will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that GE would post earnings of $1.61 per share when it actually produced earnings of $1.86, delivering a surprise of +15.53%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

GE appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerGE Aerospace (GE - Free Report) , another stock in the Zacks Aerospace - Defense industry, is expected to report earnings per share of $1.86 for the quarter ended June 2026. This estimate points to a year-over-year change of +12.1%. Revenues for the quarter are expected to be $11.86 billion, up 16.8% from the year-ago quarter.

The consensus EPS estimate for GE has remained unchanged over the last 30 days. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +2.79%.

This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that GE will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

 | 

Starbucks is developing in-house systems that could replace software it buys from Big Tech companies, Bloomberg News reported Thursday (July 9).

The coffee chain is working on alternatives to a system from Microsoft that monitors inventory as well as a maintenance management tool from IBM, the report said, citing an internal presentation.

Starbucks has also been working for several years on creating a point-of-sale system that would replace Oracle Simphony, according to the report.

Starbucks declined to comment when reached by PYMNTS beyond sharing a company blog post about its approach to AI.

The moves are part of a larger shift happening in the business world.

“For two decades, buying enterprise software meant accepting a vendor’s feature set, paying per seat and hiring specialists to manage the platform,” PYMNTS reported Wednesday (July 8). “For small businesses, that model often meant paying for capabilities they never used. AI coding tools are changing that calculation.”

Five startups and small companies with staff ranging from 20 to 70 people switched from working with Salesforce and HubSpot in the last six months, turning instead to in-house applications built using AI tools from Anthropic, Lovable and Replit. These businesses reduced software costs by 40% to 80%.

Research and advisory firm Gartner found that up to $234 billion of enterprise application software spending will be exposed to agentic arbitrage by the end of 2030, or roughly 20% of all enterprise software-as-a-service spending.

“Agentic AI changes the economics of software,” George Brocklehurst, managing vice president at Gartner, said in a July 1 news release.

Retool, a low-code platform for building custom internal tools, found that 35% of enterprises have already swapped out at least one SaaS tool with a custom-built alternative, with 78% saying they intend to develop more this year.

Starbucks spends roughly $400 million per year just on software, Chief Technology Officer Anand Varadarajan told employees in an internal forum earlier this year, according to the Bloomberg report.

“There’s clear opportunities to reduce the spend in software,” Varadarajan said, per the report.

While in-house software can be cheaper for companies like Starbucks, which hopes to lower costs by $2 billion for its turnaround plan, building can lead businesses to pay more for maintenance and labor, the report said.

For most of 2026, Intel (INTC +2.68%) was the comeback story of the chip sector. The stock had more than tripled on the belief that its new 18A manufacturing process would finally put the company back on the leading edge. Then, over the past week, the rally came apart.

Intel shares have tumbled about 21% in a week, trading at about $110 as of this writing. That is a jarring reversal for one of the market's best performers this year.

So what actually broke the rally? Three separate pressures landed at nearly the same time. Here's a look at each -- and which one should matter most to investors.

Image source: Getty Images.

The 18A payoff got pushed out Intel's whole 2026 run rested on one idea: that 18A, its most advanced process, would ramp this year and pull the money-losing foundry business toward profitability.

Reports over the past week complicated that story. According to industry reports, 18A yields (the share of chips that come off the line usable) may not reach profitable levels until late 2026 or 2027 -- later than bulls had assumed.

That timing matters because Intel is still losing money in manufacturing. In the first quarter of 2026, Intel foundry generated less than $200 million in external customer revenue and posted a steep operating loss. The longer 18A takes to yield well, the longer investors wait for the payoff on a stock that had already priced success in.

Yields aren't a minor detail, either. Every chip that comes off the line unusable is wasted wafer cost, so weak yields squeeze Intel's revenue and its margins at the same time.

This is the pressure that should worry shareholders most. The other two are about competition and mood. This one goes to the heart of why the stock ran in the first place.

AMD passed it in the data center In the first quarter of 2026, AMD out-earned Intel in the data center.

In the first quarter of 2026, AMD's data-center segment generated $5.8 billion in revenue, up 57% year over year. Intel's own data-center business brought in $5.1 billion, up a respectable 22%. The crossover stings, because data-center chips have been Intel's stronghold for decades.

There is some nuance worth noting. AMD's segment includes its Instinct artificial intelligence (AI) accelerators, not just server processors, so part of that lead is a graphics-chip story. Specifically for server processors, Intel still ships about two-thirds of the units. But it now collects only a little more than half the revenue, because AMD keeps winning the higher-priced chips.

Either way, the direction is clear: Intel's grip on its most profitable market is loosening.

A sectorwide sell-off did the rest The final pressure had nothing to do with Intel specifically. A widely read note from a big bank warned of bubble-like conditions in AI stocks, and even a record profit from memory maker Samsung -- read as a sign the memory boom was peaking -- did nothing to lift the mood. Chip stocks sold off across the board.

Intel, already wobbling on its own news, fell harder than most. When sentiment turns against a whole sector, the names with the shakiest stories tend to get hit worst -- and Intel had just handed the market two fresh reasons to worry. The sell-off erased roughly a fifth of the company's market value in a matter of days.

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Does the crash change the case? So has a 21% drop made Intel a bargain? I don't think it's that simple.

Two of the three pressures are arguably just noise. Sector sentiment will swing back eventually, and AMD's data-center lead, while real, was hardly a secret. But the 18A delay is different. It pushes out the single event the bull case was built around, even as the foundry is still burning cash.

And even after the drop, Intel isn't obviously cheap. It's unprofitable on a trailing basis, and its stock still trades at more than 100 times expected earnings over the next 12 months -- a far richer multiple than the broader market, which sits in the low-to-mid 20s.

To be fair, Intel's data-center revenue is still growing, its foundry is slowly signing up outside customers, and 18A may yet ramp on a reasonable timeline. But the stock had been priced for that ramp to materialize this year, and that assumption just took a real hit. Personally, I'd want hard evidence that 18A yields are improving before treating this crash as an opportunity rather than a warning.

Salesforce Inc. CRM shares fell 2.5% on Thursday after KeyBanc downgraded the software company, citing concerns that its Agentforce artificial intelligence platform may take longer than expected to become a meaningful growth driver.

The downgrade came despite Salesforce's strong position in enterprise software and follows the company's better-than-expected fiscal first-quarter results reported in late May.

Investors have remained focused on whether the company's AI investments can translate into sustained revenue growth as competition in enterprise artificial intelligence intensifies.

KeyBanc downgraded Salesforce to Sector Weight from Overweight on Thursday, with analyst Jackson Ader pointing to customer feedback and channel checks that suggest Agentforce adoption remains in its early stages.

According to the brokerage, Salesforce continues to benefit from its position as an incumbent platform provider, but evidence indicates that meaningful growth acceleration from Agentforce is further away than previously expected.

The firm said it attends more Salesforce partner and customer events than any other company in its coverage universe.

Customer feedback has been consistent in two areas, according to KeyBanc.

Customers' data is not yet organized to support meaningful AI work, while Agentforce itself is still not ready for broad deployment.

The brokerage added that implementation partners are only now beginning to convert Agentforce proof-of-concept projects into pipeline deals.

KeyBanc also said its survey found that more chief information officers expect to deprioritize Salesforce within their IT budgets over the next 12 months than prioritize it.

The brokerage further noted that it has struggled to find evidence in Salesforce's financial disclosures showing that net-new annual contract value is growing faster than overall annual contract value growth, despite management's comments.

"What we can piece together in the disclosed numbers does not signal building momentum," Ader said.

Ader also acknowledged the timing of the downgrade saying it could be at a poor time.

"But at some point, we have to ask ourselves, why gather the evidence if we’re not going to use it," he added.

AI growth remains under scrutinyThe downgrade comes after Salesforce reported stronger-than-expected fiscal first-quarter earnings in late May, supported by demand for its AI-powered products, including Agentforce.

The company said it closed 98 deals worth more than $1 million in annual contract value during the quarter.

Publicly disclosed Agentforce customers include PepsiCo, Falabella and Singapore Airlines.

However, Salesforce's second-quarter revenue guidance came in slightly below Wall Street expectations, raising concerns that rapidly advancing AI products from rivals such as OpenAI and Anthropic continue to pressure demand for enterprise software.

KeyBanc noted that it had previously pushed back against negative sentiment surrounding software-as-a-service companies, highlighting the advantages that incumbent platforms such as Salesforce possess.

However, the firm's latest customer checks prompted it to revise its view.

On Wednesday, Salesforce announced that the US Air Force 441st Vehicle Support Chain Operations Squadron (VSCOS) had begun using the company's Missionforce National Security platform to manage a fleet of more than 84,000 vehicles across nearly 389 locations.

Despite Thursday's decline, Wall Street sentiment remains broadly positive.

More than 70% of analysts covering Salesforce rate the stock a Buy, with an average price target of $241.08, implying roughly 45% upside from Wednesday's closing price of $166.58.

Still, Salesforce has struggled this year. The stock has fallen 35% in 2026.

In its upcoming report, Wells Fargo (WFC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.74 per share, reflecting an increase of 13% compared to the same period last year. Revenues are forecasted to be $21.8 billion, representing a year-over-year increase of 4.7%.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

That said, let's delve into the average estimates of some Wells Fargo metrics that Wall Street analysts commonly model and monitor.

Analysts forecast 'Book value per common share' to reach $53.96 . The estimate is in contrast to the year-ago figure of $51.13 .

The consensus estimate for 'Average Balance - Total interest-earning assets' stands at $2040.00 billion. Compared to the current estimate, the company reported $1762.16 billion in the same quarter of the previous year.

Analysts expect 'Return on equity (ROE) - Financial Ratios' to come in at 13.0%. The estimate is in contrast to the year-ago figure of 12.8%.

Analysts' assessment points toward 'Efficiency Ratio' reaching 63.1%. Compared to the present estimate, the company reported 64.0% in the same quarter last year.

It is projected by analysts that the 'Common Equity Tier 1 (CET1) - Standardized Approach' will reach 10.1%. Compared to the present estimate, the company reported 11.1% in the same quarter last year.

According to the collective judgment of analysts, 'Total nonperforming assets' should come in at $8.99 billion. Compared to the present estimate, the company reported $7.96 billion in the same quarter last year.

The average prediction of analysts places 'Tier 1 Leverage Ratio' at 6.9%. The estimate compares to the year-ago value of 8.0%.

The combined assessment of analysts suggests that 'Total nonaccrual loans' will likely reach $8.69 billion. Compared to the current estimate, the company reported $7.76 billion in the same quarter of the previous year.

The collective assessment of analysts points to an estimated 'Net loan charge-offs' of $1.15 billion. Compared to the present estimate, the company reported $997.00 million in the same quarter last year.

Analysts predict that the 'Tier 1 Capital Ratio - Standardized Approach' will reach 11.2%. The estimate is in contrast to the year-ago figure of 12.4%.

Based on the collective assessment of analysts, 'Net interest income (on a taxable-equivalent basis)' should arrive at $12.44 billion. Compared to the present estimate, the company reported $11.79 billion in the same quarter last year.

The consensus among analysts is that 'Total Noninterest Income' will reach $9.47 billion. The estimate compares to the year-ago value of $9.11 billion.

View all Key Company Metrics for Wells Fargo here>>>

Over the past month, Wells Fargo shares have recorded returns of +4.4% versus the Zacks S&P 500 composite's +1.1% change. Based on its Zacks Rank #3 (Hold), WFC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Jul 9, 2026, 1:01 p.m.

2 min read

Stani Kulechov, Aave Labs (Olivier Acuna/CoinDesk)Summary

Aave Labs is launching Stable Vaults, a product that lets fintech apps offer yield on stablecoins like USDC, USDT and GHO without users directly interacting with crypto infrastructure.The vaults automatically allocate deposits across approved DeFi lending strategies, handling liquidity, capital allocation and yield distribution so companies can embed savings-like products through a single connection.Aave’s move positions it against rivals such as Morpho, whose vaults already power high-yield stablecoin products at Coinbase and Robinhood.Aave Labs, the organization behind the largest decentralized lending platform Aave AAVE$92.08, is rolling out vaults to help fintech companies offer yield on stablecoins without requiring users to interact directly with crypto rails.

The new Stable Vaults let wallets, exchanges and payment providers embed stablecoin earning through a single connection. Behind the scenes, the vaults allocate deposits across approved decentralized finance (DeFi) lending strategies while the customer continues using a familiar app interface.

"Stable Vaults make predictable stablecoin earning simple to plug into any fintech application," Aave founder Stani Kulechov said in a statement.

The move comes as stablecoins has become increasingly part of everyday payments and digital banking. As more fintech firms adopt stablecoins for moving money globally, many are looking for ways to let customers earn a return on idle balances without leaving blockchain rails or navigating crypto-native applications.

Vaults have emerged to fill that role. They are a piece of infrastructure that automatically move users' deposits between lending and yield strategies based on predefined rules, allowing investors to earn returns without actively managing positions or monitoring markets.

Rival crypto lender Morpho has become a key player in this fast-growing market. Coinbase, for example, started to offer in June a high-yield savings vault for USDC stablecoin deposits powered by Morpho and Ethena, and has already surpassed $200 million in assets. Recently, Robinhood also introduced similar product within its app for Global Dollar stablecoins with a vault by Morpho and Maple Finance.

With Stable Vaults, Aave aims to position itself as one of the infrastructure providers for this market. It's designed as open infrastructure, allowing companies to deploy their own vault and determine how it operates. The system manages liquidity, capital allocation and yield distribution automatically, allowing developers to offer savings-like products without building DeFi infrastructure themselves. It supports stablecoins including USDC, USDT and Aave's GHO.

Stable Vaults will also underpin Aave's upcoming savings app, currently in test mode.

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In Brief

Posted:

8:16 AM PDT · July 9, 2026

Image Credits:Thomas Fuller/SOPA Images/LightRocket / Getty Images Block has agreed to pay $45 million to settle claims brought by 46 U.S. states alleging that its peer-to-peer payments app, Cash App, failed to adequately protect users from fraud.

State attorneys general said they found that Block misled users by falsely advertising that Cash App provided bank-like protections, including advanced fraud detection. Block denied wrongdoing.

According to the states, Cash App allowed users to create accounts without a Social Security number or date of birth, and didn’t place limits on the number of accounts a person could open, making it easier for scammers to exploit the platform. The states also alleged that because Cash App didn’t provide an official customer support phone number, many users who were locked out of their accounts turned to fake customer service numbers that were operated by scammers.

Many Americans rely on fintech apps as their banking services, which has led to increased oversight. Block’s settlement marks the latest chapter in regulators’ scrutiny of Cash App’s business practices. It follows earlier action by the Consumer Financial Protection Bureau, which had similarly accused Block of failing to investigate fraud claims or provide adequate customer service, resulting in $175 million in penalties and other redress to consumers.

Under the new settlement, Block will improve Cash App’s fraud prevention measures and customer service, including by providing live customer support for users of the mobile payments platform.

News of the settlement was first reported by Reuters. Block did not immediately respond to TechCrunch’s request for comment.

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Key Takeaways Costco's June total comparable sales rose 8.8%, slowing from May and April but showing healthy demand.Digitally enabled comparable sales grew 20.9% in June, continuing strong online momentum.Costco's June net sales rose 10.6% to $29.24 billion, supported by value and digital strength. Costco Wholesale Corporation’s (COST - Free Report) June sales data showed that consumer demand remains resilient, even as comparable sales growth moderated. The company continued to benefit from its value-driven pricing, quality merchandise, strong digital momentum and broad warehouse footprint, which are helping attract shoppers in a cautious consumer environment.

Sneak Peek Into Costco’s Comparable Sales PerformanceFor the five weeks ended July 5, 2026, Costco reported an 8.8% year-over-year increase in total comparable sales. Regionally, comparable sales rose 10.6% in the United States, 3.7% in Canada and 4.7% in Other International markets. While this marked a slowdown from total comparable sales growth of 12.5% in May and 11.6% in April, the June performance still reflected healthy underlying demand.

Excluding the effects of gasoline prices and foreign exchange, U.S. comparable sales increased 7.6%, while Canada and Other International markets posted gains of 4.9% and 5.6%, respectively. Overall, total comparable sales, excluding these factors, rose 7% in June, following increases of 8% in May and 7.8% in April.

Digitally enabled comparable sales remained a standout, rising 20.9% in June, or 21.5% after adjusting for fuel and currency impacts. This followed gains of 21.1% in May and 18.8% in April, underscoring sustained momentum in Costco’s online channel.

Costco’s net sales for June increased 10.6% to $29.24 billion from $26.44 billion in the year-ago period. Although growth moderated from May’s 14.5% increase and April’s 13% gain, the retailer’s June performance suggests that its value proposition and digital strength continue to support solid sales momentum.

How Costco Compares With Walmart and TargetWalmart Inc. (WMT - Free Report) continues to post resilient comparable sales growth despite a cautious consumer backdrop. Walmart reported 4.1% U.S. comparable sales growth (excluding fuel) in first-quarter fiscal 2027, supported by a 3% increase in transactions and 26% global e-commerce growth. Walmart also benefited from a stronger marketplace, advertising and Walmart+ membership performance, reinforcing traffic, customer engagement and market-share gains while sustaining healthy comparable sales momentum.

Meanwhile, Target Corporation (TGT - Free Report) is also demonstrating solid comparable sales momentum through strong traffic and digital growth. Target delivered 5.6% comparable sales growth in first-quarter 2026, driven by a 4.4% increase in traffic and 8.9% digital comparable sales growth, with strength across all six merchandise categories. Target continues to enhance comparable sales through merchandising innovation, Target Circle 360, same-day delivery and an improved omnichannel experience, positioning Target for sustained long-term growth.

What the Latest Metrics Say About CostcoCostco has seen its shares tumble 4.5% over the past three months compared with the industry’s decline of 3%. 
 

Image Source: Zacks Investment Research

From a valuation standpoint, Costco's forward 12-month price-to-earnings ratio stands at 43.02, higher than the industry’s ratio of 30.43. However, it is trading below its 12-month median level of 46.34, indicating some moderation in valuation despite sustained investor confidence in the stock.
 

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Costco’s current financial-year sales and earnings per share implies year-over-year growth of 9.5% and 13.3%, respectively. For the next fiscal year, the consensus estimate indicates a 7.9% rise in sales and 10.2% growth in earnings.

The consensus estimate for earnings per share for the current and next fiscal year has increased by 6 cents and 7 cents to $20.38 and $22.46, respectively, over the past 60 days.

Image Source: Zacks Investment Research

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

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SummaryMicron Technology, Inc. delivered a record-breaking quarter, with revenue up 346% YoY and operating income surging 2,456%, driven by AI-fueled memory demand.MU’s growth is powered by Strategic Customer Agreements: 16 take-or-pay contracts locking in floor margins above historical peaks and $100B+ in minimum revenue.Guidance calls for Q4 revenue of $50B and 86% gross margin, with tight memory supply expected through 2027 and a commitment to return 100% of excess cash to shareholders.While SCAs cap upside for 40% of revenue at peak 2026 prices, the new floor transforms MU’s risk profile, justifying a Strong Buy rating despite some foregone upside. JHVEPhoto/iStock Editorial via Getty Images

Every once in a while, a company reports a quarter so loudly that the point gets drowned out by its own applause. Now, Micron Technology, Inc. (MU) has had runs like this before, and

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

Goldman Sachs said Thursday it won deals to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin, one of the larger recent announcements in the fast-growing market for outsourced corporate investing.

The mandates include about $30 billion in pension assets for Verizon and Lockheed Martin and $40 billion in Verizon defined-contribution retirement assets, which are typically 401(k)s, according to Goldman.

The moves underscore how some of America's largest employers are increasingly handing responsibility for managing retirement assets to outside firms such as Goldman as portfolios become more complex and require expertise across public and private markets.

Competition in the multitrillion-dollar market for retirement assets is fierce among managers including Goldman, BlackRock, Russell Investments and Mercer, because the long-term institutional mandates generate steady fee revenue.

By growing that business, Goldman hopes to increase its share of revenues that are seen as stable and recurring, unlike the more volatile trading and investment banking operations.

"Large plan sponsors are consolidating responsibilities with one partner with the investment expertise and depth of platform to manage their bespoke needs," Marc Nachmann, Goldman's global head of asset and wealth management, said in a statement.

Goldman's outsourced chief investment officer business had about $480 billion in assets as of March 31, while the firm's broader asset and wealth management division oversees roughly $3.7 trillion worth of investments.

Key Takeaways First Majestic raised its 2026 silver and gold production guidance after a stronger first half.AG's Q2 silver production rose 3% y/y, led by gains at La Encantada and Santa Elena.First Majestic hiked its 2026 guidance for San Dimas, Los Gatos, La Encantada and Santa Elena. First Majestic Silver Corp. (AG - Free Report) announced that its silver production reached 3.8 million ounces in the second quarter of 2026, marking a year-over-year increase of 3%. The upside was driven by solid performances at the La Encantada and Santa Elena mines. The company’s gold production also increased 2% year over year to 34,660 ounces.

First Majestic also produced 16.5 million pounds of zinc, 9 million pounds of lead and 252,938 pounds of copper.

First Majestic’s Mine Performances in Q2In the second quarter of 2026, the San Dimas mine produced 1.06 million ounces of silver, marking a 15% decrease from the second quarter of 2025. The mine’s gold production fell 1% year-over-year to 12,385 ounces. The downside was led by a delay in mine haulage.

The Santa Elena mine produced 422,571 ounces of silver (up 38% year over year) and 21,468  ounces of gold, which increased 4% year over year.

La Encantada produced 1.03 million ounces of silver, up 65% from the second quarter of 2025. The upside was driven by 14% growth in ore processed and a 27% increase in silver grades.

Los Gatos contributed 1.28 million ounces of silver and 772 ounces of gold. It also contributed 16.4 million pounds of zinc, 9 million pounds of lead and 235,886 pounds of copper to First Majestic’s total production number.

First Majestic has started its 2025 drilling program at the Jerritt Canyon mine in the third quarter of 2025. The company completed 12,495 meters of surface drilling using two reverse circulation rigs, alongside about 320 meters of underground drilling with a single diamond rig during the second quarter.

AG’s Updates 2026 GuidanceFirst Majestic expects gold production of 72,000-76,000 at the Santa Elena mine, marking an increase of 10% at the mid-point from the previous guidance. The upside will be driven by higher gold grades and slightly increased gold recoveries. The mine’s silver output is projected between 1.4 million and 1.5 million ounces, revised to be near the upper limit of the company's initial forecast.

The company’s Los Gatos mine is expected to produce 5.1-5.5 million ounces of silver in 2026, marking a 5% increase at the mid-point from the previous guidance. In contrast, the La Encantada mine’s silver guidance is expected to increase 19% at the midpoint from the previous guidance to 3.4-3.6 million.

San Dimas’s production is expected to increase 13% at the mid-point from the prior guidance to 4.6-4.9 million ounces of silver for 2026. The upside will be driven by higher throughput rates.

Driven by the strong first-half performance, the company hiked its production outlook for 2026. It expects the total silver production to be 14.6-15.5 million ounces, marking a 10% increase from the previous guidance of 13-14.4 million ounces. Total gold production for 2026 is expected to be 128,000-135,000 ounces, up 7% at the mid-point from the previous forecast.

First Majestic’s Peer Performance in Q4Endeavour Silver Corp. (EXK - Free Report) produced 1.94 million ounces of silver in the second quarter of 2026. This reflected a 31% increase from the year-ago quarter, driven by the addition of the Kolpa operation in May 2025. Endeavour Silver’s total gold production in the quarter grew 35% year over year to 10,474 ounces. The company’s silver-equivalent ounces production increased 36% year over year in the quarter.

AG Stock’s Price PerformanceThe company’s shares have skyrocketed 87.8% in the past year compared with the industry's 72.5% surge.

Image Source: Zacks Investment Research

First Majestic’s Zacks Rank & Stocks to ConsiderAlbemarle has an average trailing four-quarter earnings surprise of 74.5%. The Zacks Consensus Estimate for the company’s 2026 earnings is pegged at $12.45 per share, indicating year-over-year growth from a loss of 79 cents. ALB shares have skyrocketed 124% so far this year. 

Avino Silver has an average trailing four-quarter earnings surprise of 125%. The Zacks Consensus Estimate for Avino Silver’s 2026 earnings is pegged at 39 cents per share, indicating 34.5% year-over-year growth. Its shares have surged 62.7% in a year.

Spark, the DeFi liquidity division of Sky, just processed $1.5 billion in stablecoin volume through Uniswap v4 over the past 30 days. Of that, $370 million came in the last two days alone, suggesting the pace is accelerating rather than plateauing.

How Spark built the machine The volume surge traces back to June 25, when Spark launched what it calls a “Stablecoin FX Layer” in collaboration with Uniswap Labs. The centerpiece of that launch was a migration of roughly $150 million in USDS liquidity into Uniswap v4 pools, specifically USDS/USDT and USDS/PYUSD pairs.

That migration ranks as one of the largest AMM stablecoin liquidity deployments in DeFi history.

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The underlying system relies on what Spark describes as signed intents and ALM-controlled execution. Instead of passively sitting in a liquidity pool waiting for trades to happen, the system actively manages where capital sits, when it moves, and how trades get filled. Each trade executes atomically within Uniswap v4’s environment, meaning there’s no partial fill risk or settlement delay. The system handles cross-chain rebalancing programmatically, which allows liquidity to flow between different networks and products without manual intervention.

The next phase involves something called a DualPool v4 hook, a planned addition designed to generate yield on dormant liquidity—capital that’s parked in pools but not actively being used for swaps.

Why stablecoin plumbing matters more than you think The partnership structure is worth noting. Spark, Uniswap Labs, and Sky are all involved, creating a multi-party infrastructure layer that multiple stablecoin issuers can plug into. That’s a meaningful departure from the siloed approach where each stablecoin issuer manages its own liquidity in isolation.

Uniswap v4 itself saw tens of billions in transaction volume around the same period, making Spark’s $1.5 billion contribution a significant but not dominant share of the platform’s stablecoin activity.

What this means for investors The risk profile is worth considering. Programmatic systems that manage billions in liquidity introduce a different kind of risk than passive pools. Smart contract bugs, oracle failures, or unexpected cross-chain settlement issues could create problems at scale that wouldn’t surface in smaller deployments. The $150 million migration went smoothly, but the system is still young.

It’s also worth noting that independent validation from third-party sources regarding the reported $1.5 billion in stablecoin activity remains unconfirmed among recognized crypto news outlets.

If the DualPool v4 hook delivers on its promise of generating yield on idle stablecoin liquidity, it could reshape how liquidity providers think about capital allocation, fundamentally changing the economics of providing stablecoin liquidity in AMMs.

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

Key Takeaways CB raised its quarterly dividend by 5.2%, extending its streak to 33 consecutive annual dividend increases. CB authorized a new $7.5 billion share repurchase program, enhancing capital return flexibility. Strong underwriting, investment income and cash flow support reinvestment and shareholder distributions. Chubb Limited (CB - Free Report) follows a disciplined and balanced capital deployment strategy that prioritizes profitable business growth while consistently returning excess capital to shareholders. Its strong underwriting performance, substantial operating cash flow and recurring investment income enable the company to maintain financial strength and deploy capital efficiently.

Chubb has a long track record of increasing its dividend. In 2026, the board approved a 5.2% increase in the quarterly dividend to $1.02 per share, marking the 33rd consecutive year of dividend increases. Share buybacks are a key component of Chubb's capital allocation strategy. Effective July 1, 2026, the board authorized a new $7.5 billion share repurchase program, providing management with significant flexibility to return excess capital when valuations are attractive.

Several factors that provide Chubb with the financial flexibility to deploy capital effectively are strong underwriting profitability and disciplined risk selection; robust operating cash flow generated from recurring insurance premiums; significant investment income; and excellent capital adequacy and balance sheet strength.

Chubb invests heavily in expanding its global insurance franchise through product innovation, geographic expansion, technology, AI-driven underwriting, digital claims capabilities and distribution partnerships to support long-term profitable growth.

Chubb prioritizes preserving its superior capitalization and liquidity, enabling it to support underwriting growth and maintain high financial strength ratings across market cycles.

Chubb's combination of steady dividend growth, substantial share repurchases, disciplined reinvestment and selective acquisitions reflects a prudent capital allocation philosophy. Backed by industry-leading underwriting performance, strong cash generation, and a fortress balance sheet, the company is well-positioned to create sustainable long-term shareholder value.

What About Its Peers?First American Financial Corporation (FAF - Free Report) follows a balanced capital-return strategy that combines a steadily growing dividend with opportunistic share repurchases. FAF generally uses a combination of regular dividend increases and selective share repurchases to distribute excess capital. FAF has increased its dividend for more than 15 consecutive years, reflecting management's commitment to returning capital through various housing market environments.

American Financial Group, Inc. (AFG - Free Report) has one of the most shareholder-friendly capital allocation policies in the U.S. insurance sector. AFG regularly generates capital that is needed to support underwriting operations. Returning excess capital to shareholders in the form of regular and special cash dividends and through opportunistic share repurchases is an important and effective component of American Financial’s capital management strategy. The combination of growing regular dividends, frequent special dividends, opportunistic buybacks and strong underwriting profitability has enabled the company to deliver substantial cash returns to investors over time.

CB’s Price PerformanceShares of CB have gained 26.6% in the past year, outperforming the industry.

Image Source: Zacks Investment Research

CB’s OvervaluationThe stock is overvalued compared with its industry. It is currently trading at a price-to-book value multiple of 1.72, higher than the industry average of 1.49. It carries a Value Score of B.

Image Source: Zacks Investment Research

Estimate Movement for CBThe Zacks Consensus Estimate for CB’s second-quarter 2026 has moved up 0.1%, and the third-quarter 2026 EPS has moved down 0.1% in the past 30 days. The same for the full-year 2026 and 2027 EPS has moved down 0.1% and 0.2%, respectively, in the past 30 days.

Image Source: Zacks Investment Research

Stripe subsidiary Privy has partnered with Solana infrastructure firm Jito Labs on a new transaction certainty tool called FullSend, which will help ensure that transactions sent from Privy wallets are included in Solana blocks "as fast as the network allows," according to an announcement shared with The Block.

FullSend was co-developed by Privy and Jito, one of the most prominent Solana infrastructure firms, and has reportedly been running unannounced in production inside Privy since the beginning of the year. Since January, FullSend has achieved 99.999% landing reliability across millions of transactions.

"Transaction landing on Solana became more complicated than it ever needed to be — tips, priority fees, picking the right endpoint. We wanted to make that entire decision disappear for developers,” Privy CTO Asta Li said in the statement.

FullSend works by automatically routing every transaction signed in a Privy wallet directly to the current and upcoming Solana leaders through Jito’s low-latency network. Solana rotates block building leaders roughly every 400 milliseconds per slot, following a predetermined schedule based on stake.

In addition to helping ensure inclusion, the system also bypasses any Maximal Extractable Value (MEV) risks, like bots front-running, sandwiching, or censoring transactions.

According to the announcement, FullSend cuts Privy’s inclusion latency for transactions to 50 milliseconds, “putting transactions in front of leaders before the competition.” Traditionally, Solana wallets send transaction information to a public or hosted RPC node, which then broadcasts it to the network — a process that takes at least 200 ms.

"The best applications on Solana win or lose on how fast and reliably their transactions land — that's the whole game,” Jito Labs CEO Lucas Bruder said. “FullSend is our answer at the infrastructure layer: straight to the leader, standard priority fees, MEV protection by default.”

The announcement notes the solution is especially geared toward fintechs, market makers, and other institutional Solana users who need speed and certainty when transacting on a blockchain.

Earlier this year, Privy partnered with Alchemy on an institutional onboarding solution. Privy counts fintechs like Klarna, Ramp, and Deel as users, as well as Hyperliquid, and claims 140 million accounts that process billions of dollars in monthly volume.

Stripe, which is also co-developing the stablecoin-focused Layer 1 blockchain Tempo, acquired Privy in 2025 following its $1.1 billion acquisition of Bridge.

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© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

@OndoFinance has extended its 24/7 on-chain minting and redemption service for tokenized US equities to @Solana, completing a multi-chain rollout that began on Ethereum and BNB Chain in late June 2026. The move brings always-on liquidity to a growing suite of tokenized stocks and ETFs, allowing users anywhere in the world to settle positions outside traditional market hours.

What the Upgrade Actually Does Prior to this rollout, Ondo's platform already permitted around-the-clock transfers of tokenized securities, but minting and redemption, the creation and cancellation of positions, were still tied to US market hours. The Defiant reported that the upgrade removes that constraint, allowing eligible users to mint or redeem tokenized equities at any hour, including weekends and public holidays, at the prevailing market price.

The assets covered include $SPYon, $QQQon, $NVDAon, and $TSLAon, among others. Crypto Times noted that these are among the most actively traded tokenized names on the platform, with additional assets expected to be added in the weeks ahead.

The system is powered by Ondo's Nexus infrastructure, which handles on-demand, price-linked creation and redemption of tokens backed by real securities held at broker-dealers. Chainlink price feeds provide the real-time pricing data that makes continuous redemption technically viable.

Scale and Competitive Context Ondo Global Markets now lists more than 430 tokenized stocks and ETFs across Ethereum, Solana, and BNB Chain. The platform states it was the first in the tokenized-stock sector to surpass $1 billion in total value locked, exceeding the combined TVL of competing platforms. Beyond trading, tokenized stocks on the platform are also being used as collateral within DeFi applications including Ondo Perps, Morpho, and Euler.

@OndoFinance has also highlighted a distinction that separates this launch from rival offerings. Competitors claiming 24/7 trading have generally confined continuous access to secondary-market transfers on centralized and decentralized exchanges, while actual issuance and redemption remained restricted to market hours. Ondo's upgrade addresses that gap directly at the protocol level.

The Solana integration reflects the network's appeal for high-throughput, low-cost on-chain activity and continues Ondo's broader strategy of expanding institutional-grade tokenized assets across multiple chains.

Sources:
The Defiant: Ondo Finance 24/7 Minting and Redemption for Tokenized Stocks and ETFs
Crypto Times: Ondo Launches Industry-First 24/7 Tokenized Stock Minting
Crypto Briefing: ONDO Finance Enables 24/7 Minting and Redemption for Tokenized Stocks and ETFs