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For America’s small business owners, optimism and caution are no longer opposing forces. They are operating simultaneously.

Even as inflation pressures persist, borrowing costs remain elevated and economic uncertainty continues to shape decision-making, a growing number of entrepreneurs are expressing confidence about their prospects. The apparent contradiction reflects a deeper shift underway in how small businesses think about growth, resilience and the role technology plays in navigating volatility.

“This is probably an optimistic group to begin with,” Shena Ashley, president, Capital One Insights Center, told PYMNTS. “When you have vision and you are setting your own course to go out there and do something in the world, you probably have a little bit more of an optimistic lean.”

Ashley argued that optimism today is being reinforced by something more tangible than entrepreneurial instinct. Small business owners increasingly have access to digital tools, financial platforms and integrated systems that allow them to operate with greater visibility and control than previous generations of entrepreneurs.

That access is changing the growth equation.

Preparedness Fuels Confidence For many entrepreneurs, confidence today is less about expecting stability and more about believing they can adapt to whatever comes next. After navigating pandemic shutdowns, supply chain disruptions, inflation spikes and labor shortages, resilience has become a core business capability.

“Small business owners right now have access to more tools and technology, and that’s a part of the story for what’s driving their optimism as well,” Ashley said. “They’re trying to create pathways of opportunity.”

According to research from Capital One’s Insight Center, more than 75% of surveyed small business owners are confident in their ability to grow, while 69% say they are already positioned for expansion. Ashley said many entrepreneurs view growth as part of a larger ambition.

“Many small business owners are looking at their balance sheet as a way to further a vision that they had, that they could create an opportunity that could be legacy building for them, their family, even their coworkers and folks that they have hired,” Ashley said. “This aspiration for growth, the ability to scale, is what’s driving some of that optimism.”

Capital as a Growth Engine Access to capital remains central to turning that optimism into expansion. The research found that 66% of surveyed owners view credit as a key growth driver, enabling businesses to manage cash flow, invest in equipment, hire employees and respond to opportunities.

“Access to credit and access to capital is a key operational lifeline for businesses,” Ashley said.

At the same time, business owners increasingly want financing embedded within broader financial systems that help them understand when and how to deploy capital. Ashley emphasized that entrepreneurs are looking for financing tools that provide real-time visibility and connect seamlessly with their financial operations.

“It’s not just that it’s there, it’s accessible, it’s ready when they need it,” she said. “They know how to be able to call on that resource.”

The study also found that 84% of surveyed small business owners actively maximize credit card rewards programs, using benefits to offset operating expenses, invest in equipment and support employee incentives. The finding underscores how entrepreneurs are treating every available financial resource as part of a broader growth strategy.

The Cost of Operational Friction While capital remains critical, time may be equally valuable. Many small businesses still operate across fragmented financial systems that require significant manual effort, creating what Ashley described as “back-office friction.”

“What we saw in the study is that a lot of small business owners are operating in a very fragmented financial system today that is becoming a drain on their time and their ability to grow,” she said.

Nearly three-quarters of respondents said operational challenges make it difficult to manage and predict cash flow effectively. As a result, integrated platforms that combine accounting, bookkeeping, payments, credit and forecasting are becoming important.

“Having the kind of integrated tools that allow you to have visibility into your cash flow was an important resource that small business owners cited as a particular lever for their growth,” Ashley said.

According to the survey, 79% of small businesses now use integrated accounting and bookkeeping platforms, while 51% say those tools free up time that can be redirected toward customers and growth initiatives.

“They’re able to deploy their capital with a little bit more security and the knowledge that their financial operations can support their growth and their goals moving ahead,” she said.

Ashley sees that trend pointing toward a future in which resilience is increasingly tied to the integration of capital, technology and operational insight.

“To me, that’s the leading edge. That’s the future,” Ashley said. “That’s where we need to meet small business owners with the kind of financial tools that really allow them to have visibility into their operations and planning.”

Watch the full interview with Capital One Insights Center President Shena Ashley to hear more about:

Why small business optimism is rooted in preparedness, not certainty. Ashley discusses how entrepreneurs are leveraging technology, financial tools and operational visibility to navigate economic uncertainty while pursuing growth. How access to capital is evolving beyond traditional financing. The discussion examines why business owners increasingly view credit, rewards programs and real-time financial insights as essential components of their growth strategy. How integrated financial platforms are reducing back-office friction. Ashley outlines how connected accounting, bookkeeping and cash-flow tools are helping businesses save time, improve forecasting and scale with greater confidence.

Samsung Electronics ve druhém čtvrtletí více než zdvojnásobil tržby a vykázal devatenáctinásobný růst zisku, přesto jeho akcie prudce oslabily. Investoři totiž od společností stojících v centru boomu umělé inteligence očekávají stále výraznější překvapení. Analytici přitom upozorňují, že nedostatek paměťových čipů by měl přetrvat minimálně do roku 2027, což Samsungu i jeho konkurentům zajišťuje mimořádně silnou cenovou pozici a rekordní ziskové marže.

Tržby Samsung Electronics se více než zdvojnásobily na 171 bilionů wonů. Zisk ve druhém čtvrtletí narostl 19násobně a převyšuje souhrnný zisk za poslední tři roky. Je to zároveň třetí rekordní fiskální čtvrtletí po sobě. Přesto nezvládl ohromit investory zvyklé na raketová čísla růstu dodavatelů čipů. Akcie proto klesly o více než 10 %, což vedlo k propadu jihokorejského benchmarku Kospi, jenž musel i krátkodobě pozastavit obchodování. Společnost Samsung by měla zveřejnit kompletní finanční výkaz, včetně čistého zisku a rozdělení podle divizí, kolem konce měsíce.

Investoři už do značné míry počítali s vysokými ziskovými maržemi z budování AI infrastruktury po celém světě. „Čísla, ačkoli jsou v absolutním vyjádření mimořádná, nejsou o moc lepší než to, co trh modeloval pro akcie nacházející se v epicentru nejžhavějšího sektoru na celém trhu,“ řekl Adam Crisafulli, zakladatel společnosti Vital Knowledge.

"Velmi příznivé hospodářské výsledky společnosti Samsung se všeobecně očekávaly a trh je do značné míry už zohlednil v ceně akcií, které před jejich zveřejněním posílily," uvedl Albert Yong, řídící partner společnosti Petra Capital Management, která akcie Samsungu vlastní. "Investoři nadále vyjadřují obavy ohledně udržitelnosti rozmachu umělé inteligence a rizika, že velké americké technologické firmy zpomalí výdaje na infrastrukturu pro tuto technologii," dodal.

Analytici očekávají, že nedostatek pamětí potrvá minimálně do roku 2027, což Samsungu a jeho konkurentům SK Hynix a Micron Technology propůjčuje obrovskou cenovou sílu. Prodejní ceny DRAM vzrostly v dubnovém až červnovém čtvrtletí o více než 40 % oproti předchozím třem měsícům, zatímco ceny NAND vzrostly o více než 50 %, uvádí HSBC.

Průměrná provozní zisková marže těchto tří výrobců čipů se v červnovém čtvrtletí pravděpodobně pohybovala kolem 75 % až 80 %, uvádí průzkumná společnost Counterpoint. To může vyvolat obavy z nadměrného zisku ze strany výrobců pamětí a vést k regulačnímu tlaku, pokud situace bude pokračovat, uvádí se ve zprávě.

„Nemyslím si, že trh dostatečně chápe, jak dobrá jsou tato čísla,“ řekl ředitel společnosti Counterpoint Tom Kang. Růst cen pamětí byl ke konci druhého čtvrtletí ještě strmější ve srovnání se začátkem čtvrtletí, řekl. „Boom bude v nadcházejících čtvrtletích rozhodně pokračovat.“

Akcie Samsungu zaostávají za konkurenční SK Hynix, která se více zaměřuje na paměti s vysokou šířkou pásma určené pro výpočetní potřeby umělé inteligence. Letos vzrostl o přibližně 150 % ve srovnání se zhruba 250% ziskem SK Hynix.

Tito dva výrobci čipů hrají klíčovou roli v ambicích Jižní Koreje předběhnout ostatní země a ujmout se vedoucího postavení v oblasti umělé inteligence a jsou pod tlakem, aby zvýšili dodávky pamětí. Obě společnosti plánují postavit dva závody na výrobu čipů na jihozápadě země za celkovou investici 800 bilionů wonů, aby rychle rozšířily svou kapacitu. Korea si klade za cíl do pěti let zdvojnásobit svou výrobní kapacitu pamětí. Samotný Samsung letos plánuje vynaložit více než 70 miliard dolarů na rozšíření výrobní kapacity a výzkum.

7.7.2026 10:27

Ropa +1,21 % na 69,38 USD za barel.
Zemní plyn +1,36 % na 3,289 USD za mbtu.

Zlato -0,45 % na 4148,6 USD za unci.
Stříbro -1,06 % na 61,67 USD za unci.
Měď +0,02 % na 6,2335 USD za libru.

Kukuřice +0,16 % na 4,585 USD za bušl.
Pšenice -0,2 % na 6,1275 USD za bušl.

Michal Šnobl
Fio banka, a.s.
Prohlášení

Vertex Pharmaceuticals Incorporated (VRTX) M&A Call July 6, 2026 4:30 PM EDT

Company Participants

Susie Lisa - Senior Vice President of Investor Relations
Reshma Kewalramani - CEO, President & Director
Duncan J. McKechnie - Chief Commercial Officer, Head of North America Commercial & Executive VP
Charles Wagner - Executive VP, COO & CFO

Conference Call Participants

Jessica Fye - JPMorgan Chase & Co, Research Division
Salveen Richter - Goldman Sachs Group, Inc., Research Division
Mario Joshua Chazaro Cortes - Evercore ISI Institutional Equities, Research Division
Andy Chen - Wolfe Research, LLC
Jarwei Fang - Citigroup Inc., Research Division
Evan Seigerman - BMO Capital Markets Equity Research
Michael Yee - UBS Investment Bank, Research Division
Nevin Varghese - RBC Capital Markets, Research Division
Philip Nadeau - TD Cowen, Research Division
Tazeen Ahmad - BofA Securities, Research Division
Brian Skorney - Robert W. Baird & Co. Incorporated, Research Division
Jasmine Fels - Barclays Bank PLC, Research Division
Carter Gould - Cantor Fitzgerald & Co., Research Division

Presentation

Operator

Good day, and welcome to the Vertex Pharmaceuticals conference call to announce the acquisition of Crinetics Pharmaceuticals.

[Operator Instructions]

Please note this event is being recorded. I would now like to turn the conference over to Ms. Susie Lisa. Please go ahead.

Susie Lisa
Senior Vice President of Investor Relations

Thanks, Chuck. Good afternoon, everyone, and thank you for joining us on short notice for this exciting announcement. I'm Susie Lisa, and as Senior Vice President of Investor Relations, it's my pleasure to welcome you to this conference call to discuss Vertex's acquisition of Crinetics Pharmaceuticals.

Making prepared remarks on today's call, we have Dr. Reshma Kewalramani, Vertex's CEO and President; Duncan McKechnie, Chief Commercial Officer; and Charlie Wagner, Chief Operating and Financial Officer. We recommend that you access the webcast slides as you listen to this call. The call is being recorded, and a replay will be available on our website. We will make forward-looking statements on

7.7.2026 10:05, ENR

Index DAX -0,18 % na 25770,17 b.

Německý index DAX v úvodu obchodování mírně oslabuje. Nejvíce ztrácí akcie Siemens Energy (-5,9 %), a to poté, co společnost Barclays snížila cílovou cenu ze 130 EUR na 110 EUR a investiční doporučení z „Equal Weight“ na „Underweight“.

Index DAX -0,18 % na 25770,17 b. Nejsilnější akcie Změna Nejslabší akcie Změna Munich Re (MUV2) +2,3 % Siemens Energy (ENR) -5,9 % Beiersdorf AG (BEI) +2,3 % Infineon Technologies (IFX) -4,6 % SAP (SAP) +2,2 % HOCHTIEF AG (HOT) -2,5 % Fresenius Medical Care (FME) +2,2 % Siemens (SIE) -1,4 % Hannover Rueck SE (HNR1) +2,1 % Commerzbank AG (CBK) -0,2 % Zdroj: Bloomberg

Jakub Němec
Fio banka, a.s.
Prohlášení

Související odkazy Frankfurt uzavřel první polovinu roku v zelených číslech Frankfurtská burza otevírá v kladném teritoriu Německé akcie ve čtvrtek vzrostly Index DAX na začátku obchodování klesá o 1 %, výsledky zveřejnily Siemens Energy, Munich Re, Bayer Frankfurtská burza uzavřela týden v červených číslech

Ares Management is oversold as the market panicked about some risks in the asset management space. I see strong financial growth, solid inflows, and a growing AUM. I don't see AI as a risk for ARES, but as an opportunity given its upcoming digital infrastructure fund and years of experience on that front.

ČR: CPI v červnu podle předběžných dat meziročně vzrostl o 1,5 % při očekávání 1,8 %

7.7.2026 09:52

Maloobchodní tržby bez automobilů (y-y) (květen):
aktuální hodnota: 4,7 %
očekávání trhu: 3,2 %
předchozí hodnota: 1,6 %

„Maloobchodní tržby po očištění o cenové vlivy v květnu meziročně vzrostly vyšším tempem než v předchozím měsíci. Tržby vzrostly za prodej nepotravinářského zboží a potravin, naopak za prodej pohonných hmot klesly. Nejvíce se dařilo prodejcům ve specializovaných prodejnách s oděvy a obuví,“ uvedla Jana Gotvaldová, vedoucí oddělení statistiky obchodu, dopravy a služeb ČSÚ.

Zdroj: Bloomberg, ČSÚ

Jakub Němec
Fio banka, a.s.
Prohlášení

7.7.2026 09:39

Průmyslová výroba (m-m) (sezónně očištěno) (květen):
aktuální hodnota: 0,9 %
očekávání trhu: 0,1 %
předchozí hodnota: 0,4 %

Průmyslová výroba (y-y) (očištěno o počet pracovních dní) (květen):
aktuální hodnota: 0,0 %
očekávání trhu: -0,6 % %
předchozí hodnota: -0,5 %

Zdroj: Bloomberg

Jakub Němec
Fio banka, a.s.
Prohlášení

7.7.2026 09:24, BAACEZ

Analytik Oleg Galbur z Oddo BHF přistoupil k navýšení cílové ceny akcií ČEZ, a to z 920 Kč na 1540 Kč. Investiční doporučení změnil z „Underperform“ na „Outperform“.

Akcie ČEZ Akcie společnosti ČEZ (BAACEZ) otevírají na pražské burze poklesem o 0,32 % na 1245,0 Kč. Na RM-SYSTÉMu se akcie rovněž obchodují za 1245,0 Kč.

Zdroj: Bloomberg

Jakub Němec
Fio banka, a.s.
Prohlášení

Související odkazy ČEZ: Radim Fiala zvolen novým předsedou dozorčí rady ČEZ: J&T Banka zvyšuje cílovou cenu na 1332 Kč a mění investiční doporučení na „buy“ Do čela nově vzniklé ČEZ Energy se postavil Pavel Cyrani ČEZ založil dceřinou společnost ČEZ Energy ČEZ uzavřel dodatečné financování ve výši 8,9 mld. Kč

Evropské i americké futures naznačují opatrný začátek obchodování. Začíná summit NATO, od něhož si trhy slibují další impulsy pro obranný sektor, zatímco útoky na obchodní lodě v Hormuzském průlivu znovu podpořily ceny ropy.

Článek se odemkne 07.07.2026 9:57

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Nejen zpravodajství, ale i další služby získáte v Patria Plus / Investor Plus - sms a e-mailové zpravodajství, data z finančních trhů v reálném čase, kompletní analytický servis, rozsáhlé databáze časových řad ke stažení, prognózy vývoje a valuace, ekonomické fundamenty, nástroje a kalkulátory... více

7.7.2026 09:00

Přední asijsko-pacifické indexy uzavírají úterní seanci v červených číslech. Indexy táhnou směrem dolů především technologické tituly. Společnost Samsung (-6,9 %) reportovala kvartální čísla. Přestože společnost ohlásila devatenáctinásobný meziroční růst zisku, tak výsledky zaostaly za očekáváním trhu, což přimělo investory alokovat kapitál do více defenzivnějších titulů. 

Japonský Nikkei 225 -2,12 % na 68256,96 b.
Hongkongský Hang Seng -0,67 % na 23458,61 b.
Čínský Shanghai Composite -1,27 % na 3989,7617 b.
Jihokorejský Kospi -4,91 % na 7656,31 b.
Australský S&P/ASX 200 -0,31 % na 8803,9 b.

Zdroj: Bloomberg

Jakub Němec
Fio banka, a.s.
Prohlášení

Space Exploration Technologies' (SPCX 0.97%) (SpaceX) initial public offering (IPO) was undoubtedly the most hyped IPO in recent stock market memory. It didn't disappoint, either, setting the record for the largest IPO in stock market history, with an initial valuation of around $1.77 trillion. Now, it's valued at over $2.1 trillion as of market close on July 2.

In the short time since its June 12 IPO, SpaceX's stock is relatively flat (from the price the average investor could have paid), experiencing roller coaster ups and downs. Still, there's a lot of hype surrounding both the company and the stock -- but is it overhyped? It depends on how you define it.

Image source: The Motley Fool.

SpaceX is going just beyond rockets SpaceX is transforming from a rocket launch company into a respectable conglomerate with thriving subsidiaries under its wing. It has its core launch business, which is the largest in the world; Starlink is growing impressively and providing internet to some of the most remote places globally; and X's (formerly Twitter) parent company, xAI, has artificial intelligence infrastructure that many tech companies would give their right arm for.

Much of the appeal of SpaceX's business, however, is its ambitious plan for the future. Moonshot plans (no pun intended) like data centers in space and everyday human space travel spark the interest of investors and Elon Musk fans who see SpaceX's trajectory mirroring that of Musk's other company, Tesla. Tesla's returns have been just above the S&P 500's over the past five years, but it's up over 30,600% since its July 2010 IPO.

We can't predict how SpaceX's stock will perform, but it has businesses worth being excited about.

Today's Change

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If by overhyped, you mean that SpaceX is all promise and nothing to show, then I would say no, it's not. If by overhyped you mean extremely expensive for a business that is currently operating at a loss and built on (very) long-term promises, then I would say yes.

Taking SpaceX's $18.7 billion in revenue in 2025 and its $2.1 trillion valuation, it's currently trading at 112 times its sales (P/S ratio). For comparison, here are the P/S ratios for some notable companies and their year-over-year revenue growth last quarter:

CompanyP/S RatioLatest Revenue GrowthBroadcom23.348%Nvidia18.885%Alphabet10.422%Apple10.117%Amazon3.517% Source: YCharts. P/S ratios as of market close on July 2.

These aren't apples-to-apples comparisons, but the larger point is how much of a premium you'd be paying for SpaceX's stock right now, even before seeing one quarterly earnings report as a public company.

This isn't a knock on SpaceX as a company by any means, but a great company doesn't always make a great investment. If you already own shares, I would hold onto them (you should be focused on the long term either way), but if you're thinking about making your first investment, I would wait it out a bit.

Stefon Walters has positions in Apple. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Broadcom, Nvidia, and Tesla. The Motley Fool has a disclosure policy.

Tesla (TSLA +6.70%) Robotaxis began picking up passengers in Miami on Friday -- the company's first market outside Texas and California. The service begins modestly, in a geofenced slice of western Miami-Dade County reportedly running from West Miami toward Doral, with downtown and Miami Beach left out for now.

The day before, Tesla reported 480,126 second-quarter deliveries, up about 25% year over year -- and the stock fell 7.5% anyway. But the stock is regaining some ground on Monday as investors hope the company's Robotaxi business may begin to gain steam.

Is the Robotaxi business scaling fast enough to be that something?

Cybercab. Image source: Tesla.

The map is filling in The Robotaxi service is barely a year old. Tesla launched it in Austin last summer with safety monitors aboard, began removing them, and has been layering on markets since. Miami is a sensible next test bed, too: flat roads, year-round driving weather, and heavy visitor traffic that leans on ride-hailing.

Notably, Miami extends the Robotaxi footprint beyond Tesla's home states for the first time. According to the company's first-quarter update, Tesla lists Austin, Dallas, and Houston as ramping unsupervised, operates with safety drivers in the San Francisco Bay Area, and lists Miami, Orlando, Tampa, Phoenix, and Las Vegas as markets with preparations underway. Friday converted the first of those five from planned to live.

But Tesla still hasn't yet reached meaningful scale -- at least not enough to significantly enhance the bull case for the stock. The Austin fleet is still reportedly measured by the dozens of vehicles, with the unsupervised portion of this fleet smaller still. And early riders across markets have described long waits and occasional software misfires. Additionally, availability remains limited to specific service areas in Tesla's dedicated Robotaxi app -- another sign this remains a controlled rollout rather than a mass-market service.

What a city launch can't fix The market's frustration that has left shares in the red for the year arguably isn't about Tesla's expanding Robotaxi service. The company's first-quarter operating margin was just 4.2%, on revenue that grew 16%.

Additionally, the stock's valuation remains difficult to justify. With $1.10 in earnings per share over the past 12 months, the stock trades at more than 380 times earnings -- a price that arguably makes sense only if autonomy becomes a large, profitable business on a reasonable timeline. Growth in the teens isn't what investors are paying for. Autonomy is.

Ultimately, a launch in Miami shows progress. But investors still need more concrete evidence to know Robotaxi can become material to results soon. Tesla hasn't disclosed Robotaxi revenue, ride volumes, utilization, or per-mile costs. Investors, therefore, are still mostly left in the dark.

We'll likely know more on July 22, when Tesla is scheduled to report earnings. If Tesla opts to provide more data on the Robotaxi program and more details about its plans and its potential economics, investors will have more data points to gauge just how much this Robotaxi business may be worth to the overall business.

Today's Change

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So, can Miami rescue the stock?

Based on the stock's sharp rebound on Monday, the initial phases of a rescue may already be underway. But shares are still down almost 7% year to date. To fully recover, Tesla will likely need more upbeat news on its Robotaxi program -- news that starts making it sound like the program will soon start contributing meaningfully to Tesla's financial results.

The rollout cadence is encouraging -- five markets live and four more queued -- and Tesla is executing the expansion it laid out for investors. But with a price-to-earnings ratio of about 380, the growth stock needs autonomy to start showing up in the financial statements, not just on maps.

Google has backed Germany-based Proxima Fusion, which is looking to build Europe's first commercial fusion power plant, in a 411 million euros ($468 million) round, the company announced on Tuesday.

Nuclear fusion is the process of combining two hydrogen atoms to form one helium atom, releasing huge amounts of energy.

While it promises an abundance of energy, the technology has not been deployed commercially, with the industry racing to overcome technical challenges. All current nuclear power plants use fission, which involves splitting atoms.

Google's investment underscores its continued interest in fusion as a potential source of abundant, carbon-free, firm energy over the long-term, Proxima, which hit a $2.7 billion valuation, said.

The round was led by XTX Ventures and East X Ventures, with RWE and Google as strategic investors. Other venture capital firms including Plural, UVC Partners, Balderton and Cherry Ventures also participated.

"Europe is racing with the United States and China to get to the first fusion power plant," Francesco Sciortino, cofounder and CEO, said in a statement.

"Proxima's financing demonstrates that Europe can not only invent breakthrough technologies, but also build globally competitive companies around them," he added.

"Investors recognise both the urgency and the opportunity of what we're doing and are backing us to develop a generational energy technology company."

What is stellarator fusion technology?Proxima is developing stellarator technology, one of a handful of approaches to fusion, and hopes to have its fusion demonstrator — a proof-of-concept precursor to a commercial power plant — up and running in the early 2030s.

The commercial power plant is targeted for later that decade, the company said.

Proxima said the funding would help it expand high-temperature superconducting (HTS) cable and magnet production, as well as develop engineering and manufacturing systems required for stellarators.

Proxima will be hiring across engineering, manufacturing and operations to accelerate progress, it said.

How Proxima compares with U.S. fusion startupsWhile Proxima is the best-funded fusion startup in Europe by some distance, U.S. companies working on the technology have raised significantly more.

Commonwealth Fusion Systems (CFS) picked up $863 million in August, to take its total funding to $2.9 billion, according to Dealroom. Sam Altman-backed Helion Energy raised $465 million last month, with total funding sitting at $1.5 billion.

Google is also an investor in CFS and signed an offtake agreement in June 2025 with the company once its first commercial plant is live.

"Fusion holds huge potential as an energy source of the future: it's clean, abundant and inherently safe, and it can be built just about anywhere," the company said in a blog post at the time.

Highlighting the hurdles left to overcome with the technology, Google added that while fusion could change the world, commercializing the tech is "immensely challenging, and success is not guaranteed."

There is just no stopping Advanced Micro Devices (AMD +6.74%) right now. Shares of the semiconductor specialist have soared by more than 300% over the past 12 months (as of writing) and recently hit a fresh all-time high. For investors worried they may have missed the boat, here's the good news: There are solid reasons to remain bullish on AMD's outlook, and the stock may still deliver market-beating returns over the medium term. Here is why.

Image source: The Motley Fool.

Accelerating demand AMD's financial results have been strong. In the first quarter, the company's revenue increased by 38% year over year to $10.3 billion. The tech leader's data center segment grew even faster, posting sales of $5.8 billion, up 57% year over year. On the bottom line, AMD's adjusted earnings per share climbed 43% year over year to $1.37. The company did all that while slightly improving its gross and operating margins. The business is booming.

However, the market is even more excited about what's coming. AMD could ride the next wave of the artificial intelligence (AI) industry even more than it did the first. While AMD is a notable player in the GPU (Graphics Processing Unit) market, it is far behind the leader in this niche, Nvidia (NVDA +0.38%). But AMD has a much larger share of the CPU (Central Processing Unit) market. As the AI industry shifts from training to inference, demand for CPUs will soar.

Notably, the rise of agentic AI will be a major tailwind for AMD. AI agents are complex, autonomous systems that can accomplish tasks and work toward goals with limited human involvement. As AMD argues, agentic AI systems require a full stack of CPUs to function properly. As a result, although during the first phase of the AI revolution GPUs were in much higher demand, the CPU-to-GPU ratio will now move closer to 1:1, according to AMD, versus the previous 1:4 or 1:8.

This is great news for AMD, as its EPYC processors are among the market leaders. Meanwhile, the company has gained share in the server CPU market in recent quarters. All of this suggests that AMD's financial results may improve, and it could continue beating the market over the next few years.

Today's Change

(

6.74

%) $

34.92

Current Price

$

552.75

There are some risks Although AMD's prospects look strong, it's worth considering several potential pitfalls. First, AMD is not the only CPU giant that is looking to tap into the soaring demand. The company's longtime rival, Intel (INTC +1.50%), is doing the same. There is also Nvidia which is launching its Vera CPU, specifically to take on the agentic AI revolution. Nvidia may be a formidable competitor, as the Vera CPU is designed as part of an integrated AI computing platform that includes the Rubin GPU.

Since Nvidia remains the runaway leader in GPUs, many companies may choose its CPUs, which are better suited to work with its GPUs. Second, there is always the possibility that the agentic AI boom won't live up to expectations. Nvidia estimates a $200 billion total addressable market for CPUs thanks to agentic AI. AMD projected a compound annual growth rate (CAGR) of more than 35% through 2030, and a total market worth over $120 billion by then. If this demand falls short of expectations, AMD's top-line growth will slow, and the company's shares may decline significantly.

Third, AMD's shares don't exactly look cheap after its run. The company is currently trading at 73.5x forward earnings, compared to an average of 22.2x for information technology stocks. At current levels, the stock may drop sharply at the first sign of trouble. So, should investors still invest in AMD? My view is that it looks attractive even with these caveats. AMD's recent market share gains show that it can thrive despite the competition in an industry that can accommodate multiple winners.

Further, CPU demand has risen so rapidly that AMD's recent 35% CAGR estimate through 2030 is almost double the company's projection six months earlier. Finally, AMD's valuation could become more reasonable as growth accelerates. In fact, the company's forward price/earnings-to-growth ratio -- which accounts for expected earnings growth -- is 1.2. The "undervalued" range typically starts below "1," but AMD's shares don't look drastically overvalued by this metric. And the stock is worth a premium anyway, considering what may lie ahead. In short, AMD's shares are still worth investing in.

Builds on record-breaking 2025 debut with a new phase of Hilton's It Matters Where You Stay campaign Music, movement and creative storytelling capture a more spontaneous, expressive side of Deepika Padukone Across a broad suite of content spanning movement, dining, wellness, loyalty and service, the campaign explores how the Stay helps guests feel more relaxed, confident and fully themselves , /PRNewswire/ -- Hilton (NYSE: HLT) today unveiled a bold new chapter with global icon and brand ambassador, Deepika Padukone, launching internationally across social, digital, and outdoor platforms as part of a broader creative programme that will continue to roll out throughout the year. The campaign follows last year's record-breaking debut – which commanded over 11 billion views across all social and digital platforms.

The work gives viewers a glimpse into a new side of Deepika as she travels, underpinned by Hilton's hospitality, which allows her to truly express herself – staying as authentic as she always is – while bringing a playful and fresh cultural energy to the It Matters Where You Stay campaign in India.

Shot at Conrad Bengaluru, the campaign is inspired by a simple truth about modern travel. When people leave home, they often leave behind the routines and support systems that help them navigate everyday life.

For Hilton, this reinforces the importance of the Stay as the ecosystem guests rely on when they travel. Away from familiar routines and the people who help them navigate everyday life, guests are met by Hilton Team Members, thoughtfully designed spaces, seamless technology and the benefits of Hilton Honors, all working together to anchor them while they are away from home. Together, they create the comfort and confidence to enable guests to focus on what matters most and be fully themselves.

"People often think about travel in terms of destinations, but for us, it's about hospitality – the Stay – that makes the trip possible," said Mark Weinstein, chief marketing officer and head of Luxury Brands, Hilton. "A Hilton Stay helps our guests make the most of why they came. Travel is exciting, but it can also be demanding. When travel takes people from their routines, the Stay becomes even more important. Our Team Members ensure everything is taken care of, giving guests the comfort and confidence to focus on what truly matters, turning everyday moments into expressions of confidence and playfulness. Deepika brings that feeling to life beautifully in this campaign and captures the ease that comes when everything around you simply works."

Throughout the campaign, Deepika reveals a more spontaneous and instinctive side of her personality. Comfortable in her surroundings and fully present in the moment, she reflects what becomes possible when the Stay removes friction and allows guests to simply enjoy the journey.

Deepika Padukone said: "What I connected with most about this campaign is how true it felt to the experience of staying with Hilton. When you feel genuinely comfortable and looked after, you stop overthinking and can simply be yourself. That sense of ease gave us the freedom to have fun with the creative."

The campaign comes to life through a broad suite of content. Across dining, wellness, loyalty and the care delivered by Hilton Team Members every day, the work brings to life the feeling of having people around you who understand what you need, help you feel looked after and give you the confidence to be fully yourself while travelling.

Music and movement sit at the heart of the campaign's treatment. Hilton worked with acclaimed creative collaborators including GRAMMY Award-winning director Nadia Marquard Otzen and globally recognised choreographer Shay Latukolan to create work that feels emotionally engaging, culturally relevant and entertainment led.

Featuring an original soundtrack, by award-winning music producer and composer Mikey McCleary, the film combines electronic influences with contemporary Indian vocals to mirror Deepika's energy throughout the story - confident, relaxed and fully herself. Together, the music and choreography help bring Hilton's vision of modern hospitality to life in a distinctive and culturally resonant way.

As Hilton continues to accelerate its growth across India, with an aim of reaching 400 trading hotels in the coming years, the campaign underscores the company's deep understanding of modern travellers. Today's guests seek more than just a place to stay; they value convenience, authenticity and a meaningful engagement. Hilton's focus on removing friction and delivering intuitive, human hospitality ensures that it continues to meet and exceed those expectations.

At its heart, the campaign celebrates the role Hilton plays when guests are away from the people, routines and support systems they rely on every day. Whether through its Team Members taking pride in looking after guests, the experiences it creates or the ways it rewards loyal guests, Hilton becomes part of that support system - helping people feel understood, supported and free to focus on what matters most. And that's why, more than ever, Hilton is For the Stay.

For more information about 'Hilton. For The Stay' and to plan your future stays, visit https://www.hilton.com/en-IN/.

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 28 world-class brands comprising more than 9,200 properties and over 1.3 million rooms, in 144 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 4 billion guests in its more than 100-year history. Named as the No. 1 World's Best Workplace by Great Place to Work and Fortune, Hilton aims to create the best culture for its 500,000 team members around the world. Hilton has introduced industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the more than 250 million Hilton Honors members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit stories.hilton.com for more information, and connect with Hilton on Facebook, LinkedIn, Instagram and YouTube. 

SOURCE Hilton

Evropské futures v červených číslech

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SummaryMercadoLibre remains a Buy, supported by robust ecosystem growth, resilient financials, and a margin of safety in valuation despite recent margin compression.MELI delivered 49% net revenue growth and a 42% GMV increase while continuing to invest heavily in strategic initiatives, accepting near-term margin pressure for long-term advantage.Macro risks persist, notably the potential for higher-for-longer interest rates, competitive pressure, and potential election volatility, but the company's strong balance sheet and market leadership also position it for long-term re-rating.Conservative valuation assumptions result in levels that exceed current prices, highlighting a compelling entry point while the market focuses on short-term margin pressure.sankai/iStock via Getty Images

Introduction The first time I covered MercadoLibre (MELI), I initiated coverage with a Buy rating, highlighting the company's significant growth in South America as its ecosystem expands aggressively.

Following another strong quarter and plans for more

3.18K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MELI over 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.

This AI platform has proven its business model can be lucrative.

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ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), one of the world’s leading providers of financial market technology and data powering global capital markets, today reported June 2026 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

“For over 25 years, ICE has built and scaled technology that evolves with our customers' needs, combining deep liquidity, global participation, operational resilience and transparent price discovery into a single connected marketplace," said Ben Jackson, President of ICE. “Open interest is up 20% year-over-year across ICE’s markets, highlighting the value of our global, all-weather model which allows customers to navigate complex risk in whatever way they choose, and as precisely as they need. The record performance in ICE’s financial derivatives complex this year underscores the depth of liquidity our platform provides when markets shift materially.”

June highlights include:

Total open interest (OI) up 20% y/y Total Energy OI up 6% y/y Total Natural Gas OI up 8% y/y North American Gas OI up 8% y/y TTF gas OI up 8% y/y Asia gas OI up 44% y/y, including record OI of 252k lots on June 30 Total Agriculture & Metals ADV up 29% y/y; OI up 43% y/y Sugar ADV up 20% y/y; OI up 28% y/y Cocoa ADV up 97% y/y; OI up 73% y/y Coffee ADV up 27% y/y; OI up 22% y/y Cotton ADV up 35% y/y; OI up 109% y/y Total Financials ADV up 27% y/y; OI up 46% y/y, including record OI of 56.8M lots on June 11 Total Interest Rates ADV up 29% y/y; OI up 52% y/y, including record OI of 53.0M lots on June 11 Euribor ADV up 16% y/y; OI up 32% y/y, including record OI of 28.7M lots on June 11 SONIA ADV up 53% y/y; OI up 85% y/y Gilts ADV up 13% y/y; OI up 17% y/y Total Equity Indices ADV up 16% MSCI ADV up 21% y/y NYSE Cash Equities ADV up 32% y/y NYSE Equity Options ADV up 47% y/y Second quarter highlights include:

Asia Gas ADV up 6% y/y Record total Agriculture & Metals ADV up 36% y/y Sugar ADV up 30% y/y Cocoa ADV up 73% y/y Coffee ADV up 16% y/y Record Cotton ADV up 59% y/y Total Financials ADV up 22% y/y Total Interest Rates ADV up 24% y/y Euribor ADV up 12% y/y SONIA ADV up 39% y/y Gilts ADV up 18% y/y Total Equity Indices ADV up 8% y/y MSCI ADV up 19% y/y NYSE Cash Equities ADV up 12% y/y NYSE Equity Options ADV up 44% y/y About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 5, 2026.

Category: Corporate

SOURCE: Intercontinental Exchange

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7.7.2026 08:14

Česká republika:

09:00 CPI (m-m) (červen - předběžný):
aktuální hodnota:
očekávání trhu: 0
předchozí hodnota: 0,1 %

09:00 CPI (y-y) (červen - předběžný):
aktuální hodnota:
očekávání trhu: 1,8 %
předchozí hodnota: 2,1 %

09:00 Maloobchodní tržby bez automobilů (y-y) (květen):
aktuální hodnota:
očekávání trhu: 3,4 %
předchozí hodnota: 1,6 %

09:00 Obchodní bilance v národním pojetí (květen):
aktuální hodnota:
očekávání trhu: 3,2 mld.
předchozí hodnota: 6,8 mld.

Německo:

08:00 Průmyslová výroba (m-m) (sezónně očištěno) (květen):
aktuální hodnota:
očekávání trhu: 0,2 %
předchozí hodnota: 0,4 %

08:00 Průmyslová výroba (y-y) (očištěno o počet pracovních dní) (květen):
aktuální hodnota:
očekávání trhu: 0
předchozí hodnota: -0,5 %

USA:

14:30 Obchodní bilance (květen):
aktuální hodnota:
očekávání trhu: -$78,7 mld.
předchozí hodnota: -$55,9 mld.

Zdroj: Bloomberg

Jakub Němec
Fio banka, a.s.
Prohlášení

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About 95% of customers impacted by four rounds of severe storms restored; work continues Sunday to bring remaining customers

CHICAGO--(BUSINESS WIRE)--ComEd crews are entering the final stretch of restoration efforts after four rounds of severe weather swept across northern Illinois beginning Thursday night, with additional storms rolling through Friday and a fourth system striking on Saturday. In total, nearly 297,000 customers were impacted across the service territory. As of 11:30 a.m. Sunday, ComEd had restored power to more than 283,000 customers, with roughly 14,000 remaining without service. About 95 percent of impacted customers have been restored, and crews will continue working around the clock through the holiday weekend to safely bring every customer back online.

The most severe impacts were felt in ComEd's north and south regions, with Tinley Park, Burbank, Homewood and several southern wards in the City of Chicago among the hardest-hit areas. Crews continue clearing extensive tree damage and rebuilding portions of the electric system in these communities.

More than 1,900 ComEd personnel and contractors are dedicated to restoration efforts, working in shifts around the clock to ensure power is restored safely to all customers.

“We’ve seen an unprecedented series of storms move through northern Illinois over the last few days, each bringing new damage to communities that were already working to recover,” said David Perez, executive vice president and COO of ComEd. “Our crews are out in force and will continue working safely through the holiday weekend to get every customer restored as quickly as possible.”

ComEd thanks the dedicated men and women who have worked long hours to respond to these storms — stepping away from their families and braving adverse weather conditions to repair the grid and get customers back online. We are also grateful to customers for their patience and understanding as restoration continues.

Public safety is paramount, and ComEd encourages customers to take the following precautions:

If a downed power line is spotted, please immediately call ComEd at 1-800-EDISON1 (1-800-334-7661). Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237). Never approach a downed power line. Always assume a power line is energized and extremely dangerous. In the event of an outage, do not approach ComEd crews working to restore power to ask about restoration times. Crews may be working on live electrical equipment, and the perimeter of the work zone may be hazardous. ComEd urges customers to contact the company immediately if they experience a power outage. Customers can text OUT to 26633 (COMED) to report an outage and receive restoration information and can follow the company on X @ComEd or on Facebook at Facebook.com/ComEd. Customers can also call 1-800 EDISON1 (1-800-334-7661), or report outages via the website at ComEd.com/report. Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237).

With ComEd’s new Outage Tracker, customers can report outages, check estimated time of restoration, view crew status updates, and explore our outage map. Visit ComEd.com/OutageTracker.

ComEd’s mobile app for iPhone and Android® smart phones gives customers the ability to report power outages and manage their accounts; download the app at ComEd.com/app.

More News From ComEd

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TYSONS, Va.--(BUSINESS WIRE)--Maximus (NYSE: MMS), a leading provider of government services, announced today that its Board of Directors has approved a quarterly cash dividend of $0.33 per share, payable on August 31, 2026, to shareholders of record on August 14, 2026.

About Maximus

As a leading strategic partner to government, Maximus helps improve the delivery of public services amid complex technology, health, economic, and social challenges. With a deep understanding of program service delivery, acute insights that achieve operational excellence, and an extensive awareness of the needs of the people being served, our employees advance the critical missions of our partners. Maximus provides tech-enabled services to government agencies, including innovative business process management and technology solutions, that provide improved outcomes for the public and higher levels of productivity and efficiency of government-sponsored programs. For more information, visit maximus.com.

Cautionary Note Regarding Forward-Looking Statements

Included in this press release are forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "opportunity," "could," "potential," "believe," "project," "estimate," "expect," "continue," "forecast," "strategy," "future," "likely," "may," "should," "will," and similar references to future periods. Any statements herein that are not historical facts, including statements about our dividend or future dividends, are forward-looking statements that are subject to risks and uncertainties. These risks could cause our actual results to differ materially from those indicated by such forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. A summary of risk factors can be found in Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, filed on November 20, 2025.