Pump.fun just posted $13.68 million in weekly protocol revenue, its strongest seven-day stretch since February. Nearly all of it, $13.67 million, came from activity on Solana. The remaining sliver originated from the platform’s smaller footprints on Base, BSC, and Ethereum.
The numbers behind the surge Pump.fun’s 24-hour revenue clocked in at $1.77 million, while the trailing 30-day figure reached $47.75 million. Annualized, the platform is on pace to generate roughly $461 million in protocol revenue.
Since launching on January 19, 2024, cumulative revenue has crossed $1.259 billion. Cumulative fees are even higher, exceeding $1.997 billion.
The platform earns revenue through a mix of trading fees, graduation fees (charged when a token’s bonding curve completes and migrates to open trading), and ancillary products like PumpSwap and its advanced trading terminal. The bonding curve mechanism prices tokens algorithmically as buyers pile in, creating instant liquidity without needing a traditional market maker.
PUMP token economics and holder payouts The PUMP token currently trades around $0.005, giving it a market capitalization of approximately $1.95 billion and a fully diluted valuation near $4.19 billion.
A protocol generating nearly $48 million per month while trading at a $1.95 billion valuation implies a price-to-annualized-revenue multiple of roughly 4.2x.
In the past seven days alone, $6.55 million was distributed to PUMP holders through buybacks and profit-sharing mechanisms. That means roughly 48% of weekly protocol revenue is being funneled back to token holders.
What’s driving the revival Pump.fun’s model allows token creation without pre-mines or insider advantages. The bonding curve launch mechanism means every buyer faces the same price curve, eliminating the informational asymmetry that plagues traditional token launches.
PumpSwap, the platform’s integrated decentralized exchange, captures trading volume that might otherwise leak to third-party AMMs, keeping the full lifecycle of a meme token from creation through active trading within its own ecosystem.
What this means for the broader market For Solana specifically, Pump.fun’s activity is a non-trivial contributor to network usage and transaction fees. A platform generating billions in cumulative fees creates real demand for SOL needed to pay gas, which feeds back into the network’s economic model.
For PUMP token holders, the 30-day revenue of $47.75 million and $6.55 million in weekly holder distributions are the key variables to watch. If weekly fees drop back, holder distributions would shrink proportionally, and the valuation math would need to be reworked entirely.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Na Solaně probíhá hlasování o SGP-002 a SGP-003, které mění inflaci $SOL a zavádějí resource fee. Kritici varují, že SGP-003 může poškodit aplikace a vývojáře.
Solana tokenomics proposals SGP-002 and SGP-003 are now open, with $SOL stakeholders casting their votes on two critical changes to network inflation and resource fees.
While initial votes lean heavily towards approving both proposals with flying colors, critics have become more vocal in arguing against SGP-002 and SGP-003.
Why are the experts divided on proposals theoretically designed to make $SOL more valuable?
Solana Governance Proposals Go Live Solana’s stakeholders are once again heading to the ballot boxes to express their views on $SOL inflation and tokenomics design.
Authored by Helius’ _lostin_, SGP-002 suggests doubling $SOL’s disinflationary rate, bringing the network to its terminal inflation rate of 1.5% p.a. ~3 years early. Simultaneously, Temporal’s cavemanloverboy has floated SGP-003, which proposes introducing a resource fee designed to make Solana programs more efficient and implement a $SOL value accrual mechanic.
With both votes scheduled to run until the end of epoch 1024, or roughly September 28, onchain data suggests both proposals will pass in a landslide. While both SGP-002 and SGP-003 are far from reaching the 33% of stake quorum, over 96% of early voters have responded in favor of the proposals.
However, as we’ve seen previously, early voting behavior is hardly an indicator of final outcomes. SIMD-0228, an earlier governance proposal deliberately new $SOL issuance mechanics, received strong initial support, before a flurry of late voters overturned the vote, which ultimately failed.
Ellipsis Labs CEO Pushes Back on SGP-003 With SGP-003 finally being put to a vote, many of the proposal’s critics have reinforced their arguments against the suggested resource fee. Speaking out against SGP-003, Ellipsis Labs CEO Eugene Chen asserted that introducing a resource fee will make Solana a “worse home for applications”.
Chen, CEO of the firm behind Phoenix Perps and SolFi, the network’s first major prop AMM, argues that the proposal penalizes applications the author deems a “a poor use of blockspace”. By adding a fee that scales based on the complexity and resource-intensiveness, one could argue that the network discourages developers and engineers from building creative and complex applications.
Speaking with SolanaFloor, SGP-003 author cavemanloverboy asserts that the onus is then simply on developers and engineers to write more efficient code. His sentiments were further echoed by ex-Flash Trade engineer Busy Panda, who opined that Solana needs a resource fee mechanic to ensure block space is correctly optimized.
Manifest has also expressed opposition towards SGP-003. According to Solana’s leading spot CLOB DEX, the proposal favors prop AMM architecture and could result in more onchain security risks by forcing developers to write more complex code.
Stakeholders Express Concerns Over “Lost Income” As for SGP-002, pockets of Solana’s validator community are voicing their concerns over the impacts of doubling network disinflation. While much of the Solana community has expressed resounding support for any proposal that will lower $SOL inflation, validators argue this change comes at the direct expense of those providing the network security we all rely upon.
Triton’s Brian Long recently shared a series of arguments against SGP-002 and the proposed acceleration of Solana’s disinflation rate, citing lost stakeholder income as a potential risk to validators. Long asserts the proposal forces validators to give up income for the sake of a speculative attempt to increase price.
Helius CEO Mert Mumtaz pushed back on Long’s arguments, claiming they are mathematically incorrect and positioning it as a Trojan Horse to justify “extracting more value from users” in the name of “economic rationality”.
Ultimately, the raging debates around both proposals highlight one of the core features of blockchain governance. Everyone has self-serving interests, and these can either support or inhibit the chain’s development and progress.
Validators rightly don’t want to suffer a loss of income, and developers and engineers don’t want to pay higher fees in order to run existing programs. Neither of these positions is unreasonable, but both can be seen as counterproductive to the more popular desire among $SOL holders to try and increase the asset’s markets.
Under Solana’s new governance mechanics, stakers are now able to override validators and vote on these proposals directly. Regardless of your views, every $SOL staker owes it to themselves to learn the ins and outs of each proposal and ensure that their votes reflect their views.
Ekosystém Solana DApps vygeneroval minulý týden příjmy 35 milionů USD, což je nejvyšší týdenní úroveň za 29 týdnů. Pump.fun dál táhne aktivitu a jeho celoživotní příjmy už přesáhly 1 miliardu USD.
Solana’s decentralized application ecosystem pulled in $35 million in revenue last week, the highest weekly total in 29 weeks. The last time the network’s apps hit a comparable mark was back in early February, making this a notable rebound after months of more modest figures.
Where the money is coming from Pump.fun, the memecoin launchpad that has become synonymous with Solana’s consumer-facing identity, has been generating between $8 million and $12 million in revenue over recent seven-day periods. The platform’s lifetime revenue has now crossed the $1 billion mark.
DeFi protocols Jupiter and Raydium continue to serve as the network’s trading backbone. Jupiter, Solana’s leading aggregator, routes swaps across the ecosystem’s liquidity pools, while Raydium provides the automated market-making infrastructure that underpins much of the network’s trading volume.
Revenue concentration among the top applications is striking, with the top-performing apps claiming 60–78% of total revenue, according to analytics from DeFiLlama and SolanaFloor.
Solana’s sustained lead over other chains In Q2 2026, Solana dApps collectively earned $257 million, maintaining the network’s position as the top-revenue blockchain for the ninth consecutive quarter across both Layer 1 and Layer 2 networks. Solana captured roughly 41% of total Web3 dApp revenue during that stretch.
Monthly figures during peak periods earlier in 2026 surpassed $100 million. Weekly revenues showed meaningful volatility throughout the year, ranging from around $16.94 million during quieter stretches in April and May to peaks approaching $50 million during standout weeks.
Memecoins as an economic engine Memecoin launches and trading activity, facilitated primarily through Pump.fun, represent a massive chunk of Solana’s application economics. Trading activity generates fees for validators, creates volume for DEX protocols like Raydium, and drives swap transactions through Jupiter.
What to watch going forward Revenue concentration among a small number of applications means the ecosystem’s headline metrics are vulnerable to idiosyncratic shocks. Weekly revenues fluctuating between $16.94 million and $50 million within a single year underscores how quickly conditions can shift.
Network fees generated by high transaction volumes flow to validators and stakers, creating a direct economic link between application activity and token value. Nine consecutive quarters of revenue leadership is the kind of consistency that tends to attract institutional attention.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana chystá Transaction v1 na testnetu, který zvýší maximální velikost transakce z 1 232 na 4 096 bajtů. Upgrade má usnadnit složité operace včetně ZK proofů a multisig.
Solana is preparing to flip the switch on Transaction v1, a protocol upgrade heading to testnet in the coming weeks that triples the maximum transaction size. The change takes the ceiling from 1,232 bytes to 4,096 bytes, clearing the way for operations that previously had to be split across multiple transactions or stitched together with workarounds.
What’s actually changing The upgrade is defined across two Solana Improvement Documents: SIMD-0296 and SIMD-0385. Together, they redesign how transactions are structured at the protocol level.
Transaction v1 introduces a new version byte (0x81) and moves compute and priority-fee configurations into a fixed header mask. That’s a fancy way of saying resource limits get baked directly into the transaction header instead of being handled separately, which should streamline how validators process each transaction.
The bigger payload capacity unlocks several use cases that were previously painful or impossible to execute atomically. Zero-knowledge proofs, large multisig transactions, and BLS signature schemes can now fit inside a single transaction rather than relying on lookup tables or bundling tricks to piece things together.
Address Lookup Tables, the compression tool Solana introduced to squeeze more accounts into legacy-sized transactions, are being removed in the new format. Analysis from mid-August 2026 suggests the transition is smoother than it might appear. Roughly 62% of sampled v0 transactions were using ALTs, yet most of those transactions fit comfortably within the new 4,096-byte limit when converted to v1 format, with a median excess of approximately 420 bytes to spare.
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Timeline and testing status The testnet launch is targeted for late August 2026. Local testing has been available for a while through solana-test-validator version 4.2 and above, along with tools like Surfpool.
Preliminary feature-gated improvements for mainnet kicked off on August 17, 2026 as part of the Agave 4.2 client release cycle. That means the groundwork is already being laid for an eventual mainnet deployment, though the testnet phase will come first to shake out any issues.
Legacy transactions and the current v0 format will continue to work without modification. This isn’t a forced migration. Developers and applications that don’t need the extra capacity can keep doing exactly what they’re doing.
That said, indexers and infrastructure services will need to adapt. The new transaction serialization format means any tool that parses raw transactions, block explorers, analytics platforms, RPC providers, needs to understand the v1 structure.
Why this matters for Solana’s architecture The 1,232-byte transaction limit dates back to the network’s early design decisions around UDP packet sizes and later QUIC networking protocols adopted post-2022. While the limit helped keep the network fast, it also forced developers into creative contortions when building anything complex.
DeFi protocols sometimes had to break a single logical operation into multiple transactions. Multisig wallets with many signers bumped up against the ceiling regularly. And zero-knowledge applications, which produce proofs that simply don’t fit in 1,232 bytes, required workarounds.
Transaction v1 doesn’t solve every scaling challenge Solana faces, but it removes a bottleneck that was becoming more noticeable as applications grew more sophisticated. The 3.3x increase gives developers meaningfully more room without fundamentally changing the network’s performance characteristics.
What to watch next Developers building on Solana should be watching how their existing transaction patterns translate to the new format, especially if they currently rely on Address Lookup Tables. While the data suggests most workloads will port cleanly, edge cases always exist.
The gap between testnet activation and mainnet deployment will be the window to watch. If that transition happens without major incidents, it validates Solana’s approach of embedding resource limits directly into transaction headers.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Papa Johns oznámil, že KM Capital se stává novým franšízovým partnerem v Mexiku a převezme vedení 44 stávajících restaurací. Partnerství má podpořit další růst značky na tomto prioritním trhu.
Papa Johns today announced that KM Capital has joined the Papa Johns brand as the new franchise partner in Mexico. KM Capital will assume leadership of 44 existing franchised restaurants across the country, bringing a renewed focus on commercial growth, operational excellence, innovation and delivering on the brand’s Better Ingredients. Better Pizza. Promise.
Mexico is a priority growth market for Papa Johns International and an important part of the company's long-term expansion strategy. As the world's third-largest pizza market and one of the largest consumer markets in Latin America, Mexico offers compelling opportunities for growth. Through its partnership with KM Capital, Papa Johns will expand its presence across the country through continued investment in restaurant operations, brand development and future restaurant growth.
"Mexico is an important market for Papa Johns, and KM Capital brings the local expertise, commercial discipline and strategic growth mindset needed to support the brand's next phase," said John Matter, Global Chief Development Officer at Papa Johns. "Together, we are focused on enhancing the customer experience, growing our presence in the market and building a stronger Papa Johns brand for consumers across Mexico."
KM Capital's executive leadership team recently met with Papa Johns executives to align on growth plans, market priorities and long-term development opportunities for Mexico.
“We are proud to join the Papa Johns system and excited by the opportunity to build on the brand's strong foundation in Mexico,” said Enrique Ruiz Mandujano, Founding Partner and CEO of KM Capital. “Mexicans have a strong passion for pizza, and we see an opportunity to grow the Papa Johns brand by delivering great pizzas and expanding our reach to serve more communities across the country.”
Papa Johns Mexico will continue to bring consumers a combination of global favorites and locally relevant menu innovations. Every pizza is crafted using Papa Johns signature fresh dough made from six simple ingredients, tomato sauce made from real tomatoes and not from concentrate, and premium toppings, reflecting the brand's commitment to quality and craftsmanship.
The partnership reinforces Papa Johns international growth strategy and its mission to bring premium-quality pizza experiences to customers in every market it enters.
About Papa Johns
Papa John’s International, Inc. (Nasdaq: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA.® Papa Johns believes that using high-quality ingredients leads to superior quality pizzas. Its original dough is made of only six ingredients and is fresh, never frozen. Papa Johns tops its pizzas with real cheese made from mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the same day and meat free of fillers. It was the first national pizza delivery chain to announce the removal of artificial flavors and synthetic colors from its entire food menu. Papa Johns is co-headquartered in Atlanta, Ga. and Louisville, Ky. and is the world’s third-largest pizza delivery company with approximately 6,000 restaurants in approximately 50 countries and territories. For more information about the Company or to order pizza online, visit www.papajohns.com or download the Papa Johns mobile app for iOS or Android.
About KM Capital
KM Capital is a Mexico-based private investment and advisory firm focused on building long-term value through strategic investment, operational improvement, and financial discipline. The firm works alongside entrepreneurs, boards of directors, and management teams to support business growth and transformation. For more information, visit www.kmcapital.com.mx.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260824912589/en/
MP Materials ve 2. čtvrtletí zvýšila tržby na zhruba 108 milionů USD a upravená EBITDA se otočila ze ztráty 12,5 milionu USD na zisk 28,5 milionu USD. Firma už neprodává koncentrát a více vydělává na zpracovaném NdPr.
MP Materials (MP -4.50%) was America's favorite rare earth mining stock last year -- or, at least, one of the Trump administration's favorite rare earth miners.
Indeed, MP stock tripled in 2025, with much of those gains occurring after the Pentagon's public-private partnership with MP was announced last July. At one point last year, MP was up more than 400%, before giving back much of those gains last October. Fast forward to today, and MP Materials is trading about 45% lower than its 52-week high.
But don't let that red number fool you: Despite the stock's sell-off, which was really just a valuation correction, MP is growing stronger and healthier. The stock might not repeat last year's performance. Yet if its recent earnings tell us anything, it's that MP deserves a second look. Here's what you should know.
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MP is getting more value from Mountain Pass The big takeaway from MP's second quarter was revenue growth. MP managed to pull in about $108 million last quarter, a roughly 89% positive change year-over-year, while adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) swung from a $12.5 loss to positive $28.5 million.
The company also reported $17.6 million in Pentagon-related price-protection income. Remember how the Department of Defense agreed last year to a price floor of $110 per kilogram for MP's neodymium-praseodymium (NdPr)? Well, market prices for this vital rare earth compound apparently fell below that level, and the government made up the difference in a roughly $18 million payment.
Doubling quarterly revenue was impressive, but it's not the reason this quarter left a strong impression on me. That's owed to the fact that MP is now selling a much more refined NdPr product, while subsequently profiting more from the NdPr that it's selling. That might sound confusing, so let me put it into perspective.
Image source: MP Materials.
For much of its life, MP sold rare-earth concentrate to Chinese companies, which would then use chemicals to free the rare-earth elements from the ore. Rare-earth concentrate has valuable rare earth elements, but since they need to be freed, the concentrate is worth less than selling those rare-earth elements outright.
Starting last April, however, MP began to cease selling concentrate, due mainly to the trade war between the U.S. and China. The benefit of that is that MP is now processing the concentrate in-house. This requires more work, but the resulting product is worth more money.
Just consider this: In Q2 2025, MP earned about $25 million in NdPr oxide and metal revenue, with about $12 million from concentrate revenue. This last quarter, it had zero revenue from concentrate sales, and $95 million from oxide and metal revenue. Big jump right? And in the right direction, too.
MP Material's economics are improving, and its raking in more revenue. For me, the next test is whether its second magnet factory (10X) is on track for commissioning in 2028, as well as prove later that it can scale magnets production significantly. I would not buy MP with the expectation that it will triple in 12 months like it did in 2025, but opening a position at today's price could be worthwhile if you want exposure to American rare-earth mining.
Na Smartsheet Inc. byla podána hromadná žaloba kvůli údajnému zpětnému odkupu akcií v době, kdy firma věděla o formální nabídce na převzetí od Blackstone a Vista Equity Partners. Akcionáři mohou usilovat o status vedoucího žalobce do 5. října 2026.
New York, New York--(Newsfile Corp. - August 24, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Smartsheet Inc. ("Smartsheet" or the "Company") (NYSE: SMAR) on behalf of sellers of the common stock of Smartsheet between June 1, 2024 and September 23, 2024 (the "Class Period").
CLICK HERE TO JOIN THE CASE
If you sold Smartsheet shares during the Class Period, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than October 5, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
The complaint alleges that throughout the Class Period, Smartsheet was repurchasing Smartsheet stock at the same time that Defendants knew that Smartsheet had received a formal acquisition offer from Blackstone Inc. and Vista Equity Partners Management, LLC (the "Consortium") to purchase all outstanding shares of Smartsheet common stock at prices significantly above the then-current market prices of Smartsheet common stock, and therefore significantly above the prices at which Smartsheet was repurchasing Smartsheet common stock from unsuspecting Class members. Further, according to the complaint, Smartsheet had an obligation to disclose that it had received a formal acquisition offer from the Consortium, or abstain from purchasing Smartsheet stock from unsuspecting investors.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.
Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America-the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.
For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.
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Comfort Systems USA má podle článku navrch díky rekordnímu backlogu ve výši 14,06 mld. USD, silnému cash flow a více než 1,8 mld. USD čisté hotovosti. Sterling sice roste rychleji, ale Comfort Systems je celkově silnější sázka na AI infrastrukturu.
Key Takeaways Comfort Systems gets the edge with record backlog, strong cash flow and broad AI infrastructure exposure.Sterling offers faster 2026 growth, a lower valuation and more than $7B in potential work visibility.Comfort Systems' modular expansion and $1.8B-plus net cash strengthen its growth visibility. Sterling Infrastructure, Inc. (STRL - Free Report) and Comfort Systems USA, Inc. (FIX - Free Report) are emerging as major beneficiaries of the artificial intelligence infrastructure buildout. Sterling provides site development and mission-critical electrical services for data centers, semiconductor facilities and other large projects, while Comfort Systems provides mechanical, electrical, HVAC and modular solutions for technology and other industrial customers.
Their overlap has become increasingly relevant as hyperscalers and other technology customers invest heavily in data center capacity. Sterling is gaining from the need for large-scale site preparation and electrical infrastructure, while Comfort Systems is benefiting from demand for electrical, cooling, mechanical and prefabricated modular systems.
Both companies also enter the second half of 2026 with record or sharply higher backlogs and strong earnings momentum. Let's dive deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now.
The Case for Sterling StockSterling's growth story is increasingly centered on E-Infrastructure Solutions. Second-quarter 2026 revenues jumped 90% year over year to $1.17 billion, including roughly 50% organic growth, while adjusted earnings per share (EPS) surged 116% to $5.80. E-Infrastructure revenues soared 192%, driven by strong organic performance and contributions from CEC and Stone Ridge. Mission-critical projects, including data centers, manufacturing and semiconductor facilities, accounted for 92% of E-Infrastructure backlog.
Visibility is particularly compelling. Sterling ended June with $4.3 billion of signed backlog and $5.6 billion of combined backlog, up 116% and 150%, respectively. High-probability future-phase opportunities exceeded $1.4 billion, taking total visibility into potential work above $7 billion. Data center projects are becoming larger, lasting longer and spreading into additional markets, while expansions of existing projects are creating opportunities not yet captured in backlog. CEC also broadens Sterling's ability to combine site development with electrical work.
Management raised its 2026 outlook, with revenues now projected at $4-$4.15 billion and adjusted EPS at $19.70-$20.30. At the midpoint, adjusted EPS is expected to grow 84%. Sterling also has considerable financial flexibility. It finished the quarter with $464 million of cash versus $284 million of debt, leaving it in a net cash position, while first-half operating cash flow reached $328 million.
Still, Sterling has some weak spots. Building Solutions continues to face housing-affordability pressures, while Transportation revenues are expected to decline as resources shift toward higher-margin E-Infrastructure projects. Strong project burn and uneven award timing could also cause backlog volatility despite healthy underlying demand.
The Case for Comfort Systems StockComfort Systems offers even broader exposure to the physical infrastructure needed to support AI computing. Second-quarter revenues increased 50% year over year to $3.27 billion, while EPS jumped 92% to $12.53. Backlog reached a record $14.06 billion, up from $12.45 billion sequentially and $8.12 billion a year earlier. Same-store backlog climbed to $13.70 billion.
Technology has become the company's dominant growth engine. It represented roughly 58% of first-half revenues, up sharply from 40% a year earlier. Comfort Systems is also expanding its Modular operations and customer base, including frontier labs and colocation providers. Modular represented 17% of year-to-date revenues, and dedicated capacity is expected to rise from more than 3.5 million square feet currently to more than 4 million by year-end and approximately 5 million by late summer 2027.
Importantly, the expansion is supported largely by existing demand. Management said much of the new modular capacity is intended for existing customers and orders, suggesting further customer wins could require additional capacity. Hunt Electric adds another growth lever, strengthening Comfort Systems' electrical capabilities and contributing an expected $250 million of annualized revenues.
Comfort Systems also has an exceptionally strong financial position. Second-quarter free cash flow approached $1 billion, and despite acquisitions and elevated capital investment, the company had more than $1.8 billion of net cash. Management expects capital expenditures of approximately 5% of revenues as it expands production capacity.
The main concern is concentration. Technology accounted for nearly three-fifths of revenues, increasing dependence on continued data center investment. Rapid expansion also requires significant spending on facilities and people, while labor availability, project execution and customer concentration remain risks. Nevertheless, record backlog and strong pipelines support management's optimism for the rest of 2026 and into 2027.
FIX Leads the Stock-Market RaceBoth stocks have substantially outperformed the broader market in 2026. Sterling shares have climbed 68.7% year to date, while Comfort Systems has surged 77.4%. By comparison, the broader Zacks Construction sector has gained 7%, while the S&P 500 has risen 11.8%.
STRL vs FIX Price Performance (YTD)
Image Source: Zacks Investment Research
Thus, Comfort Systems holds the edge on share-price momentum. Both have also outpaced major U.S.-listed infrastructure peers such as Quanta Services, Inc. (PWR - Free Report) and EMCOR Group, Inc. (EME - Free Report) , underscoring investors' enthusiasm for companies positioned around data centers, electrification and AI infrastructure.
Sterling Offers the More Attractive ValuationValuation shifts the advantage toward Sterling. STRL currently trades at 21.77X forward 12-month earnings compared with 30.9X for FIX and 19.59X for the Zacks Construction sector.
Sterling therefore commands only a modest premium to the sector despite its faster expected 2026 earnings and revenue growth. Comfort Systems' premium reflects its record backlog, superior cash generation and powerful technology exposure, but also leaves less room for execution disappointments.
STRL vs FIX Valuation (P/E F12M)
Image Source: Zacks Investment Research
Rising Estimates Keep Both Earnings Stories StrongAnalyst revisions are encouraging for both companies. Over the past 30 days, the Zacks Consensus Estimate for Sterling's 2026 EPS has increased to $20.07 (as shown below), implying 84.5% year-over-year growth, while the revenue estimate indicates 65.2% growth. For 2027, EPS is projected to rise another 28.3% on revenue growth of 19.5%.
STRL EPS Estimate Revision Trend
Image Source: Zacks Investment Research
Comfort Systems' consensus estimate for EPS has also increased, reaching $45.86 for 2026 and $57.81 for 2027 (as shown below). The 2026 estimate implies 58.8% growth, alongside expected revenue growth of 38.3%. For 2027, earnings and revenues are projected to increase 26.1% and 20%, respectively.
FIX EPS Estimate Revision Trend
Image Source: Zacks Investment Research
Sterling consequently has the edge in expected 2026 growth and slightly stronger projected 2027 EPS expansion, although both companies' upward estimate revisions indicate improving analyst confidence.
Which AI Infrastructure Stock Wins?Sterling offers an impressive combination of faster near-term growth, rapidly expanding mission-critical backlog, strong data center exposure and a considerably lower valuation. Its net cash position and rising E-Infrastructure margins further strengthen the long-term case. However, housing weakness, the planned contraction in Transportation and the potential lumpiness of large project awards introduce some uncertainty.
Comfort Systems looks stronger overall. Its much larger record backlog, dominant technology exposure, expanding modular platform, exceptional free cash flow and substantial net cash position provide a powerful combination of growth visibility and financial flexibility. Its valuation is clearly richer, but strong execution and rising earnings estimates help support that premium.
Comfort Systems, with a Zacks Rank #1 (Strong Buy), appears to offer better upside potential right now. Sterling, carrying a Zacks Rank #3 (Hold), arguably wins on valuation and near-term growth expectations, but Comfort Systems' stronger stock momentum, deeper backlog, cash-generation capacity and broader participation across the mechanical, electrical and modular infrastructure required for AI data centers give FIX the edge for investors seeking exposure to the AI infrastructure boom. You can see the complete list of today’s Zacks #1 Rank stocks here.
Upbit a Bithumb zařadily SAND mezi varovné investiční produkty po nevyřešeném bezpečnostním incidentu s cross-chain bridge. Upbit může po kontrole na konci září podporu obchodování s tokenem ukončit.
South Korean crypto exchanges Upbit and Bithumb have designated The Sandbox’s SAND token as an investment caution asset after security concerns linked to the project remained unresolved following a cross-chain bridge incident.
Summary
Upbit and Bithumb designated SAND as an investment caution asset over unresolved security concerns. The Sandbox said a bridge vulnerability allowed unbacked SAND to be minted on Base and BNB Smart Chain. Upbit will review SAND through late September and could remove, extend or escalate the warning. The Sandbox said Ethereum and Polygon SAND balances and user wallets were unaffected. According to Upbit’s Aug. 24 announcement, the exchange placed SAND under its trading caution framework after determining that an unexplained or unresolved security incident involving a virtual asset wallet or distributed ledger could expose users to potential losses.
The designation applies to SAND’s Korean won and Bitcoin markets, while deposits and withdrawals have already been suspended since Aug. 22 at 11:12 a.m. KST. Trading remains available during the review period.
Bithumb issued a separate designation at 3 p.m. KST on Aug. 24, citing confirmed security incidents such as hacking involving virtual asset wallets or distributed ledgers where the cause has not been identified or the problem has not been fully resolved. The exchange had halted SAND deposits and withdrawals at 11:11 a.m. KST on Aug. 22 after detecting signs of a possible security problem.
SAND warning follows abnormal token minting Two days before the formal caution designations, Bithumb said it had detected abnormal token minting activity involving the SAND smart contract on Base and warned users that the incident could increase price volatility.
The Sandbox later said it had identified and contained a vulnerability affecting its SAND cross-chain bridge on Base and BNB Smart Chain. According to the project, an attacker had been able to mint unbacked SAND on the two networks, prompting the team to disable bridging to and from both chains.
The project estimated the actual impact at less than 0.01% of SAND’s total supply and said SAND held on Ethereum and Polygon was unaffected. It also said no user wallets had been compromised and that the SAND locked on Ethereum to back legitimate bridged tokens remained secure.
With bridging disabled, The Sandbox said SAND on Base and BNB Smart Chain had been isolated and could not be moved or redeemed through the affected bridge. The team advised users against buying, selling or trading SAND on the two networks while liquidity remained affected.
Security firm Blockaid separately said attackers had hijacked LayerZero delegate permissions through the approveAndCall function used by SAND’s omnichain token setup. The firm reported that a large nominal amount of unbacked SAND had been minted across hundreds of transactions, although the face value of newly created tokens did not represent the project’s reported financial loss.
The Sandbox has also taken a snapshot of balances from before the incident and is preparing a compensation plan for eligible liquidity providers affected on Base and BNB Smart Chain. A full incident report and technical post-mortem are expected after the investigation is completed.
Upbit could end SAND trading support if concerns remain Upbit has scheduled its initial SAND review period from Aug. 24 at 3 p.m. KST through the fifth week of September, running from Sept. 28 to Oct. 4.
During that period, the exchange will review the reasons behind the caution designation under its digital asset trading support termination policy. Depending on the findings, Upbit can remove the warning, extend the review or decide to terminate trading support.
A security concern that has not been completely resolved can result in trading support being withdrawn, according to the exchange. Any extension or termination decision will be published separately with the applicable schedule.
SAND deposits made after the caution notice was published will not be credited to user accounts and will instead qualify for return processing. The token has also been removed from assets available for new borrowing applications under Upbit’s coin lending service, although existing loans can remain active until their original maturity dates.
Upbit said SAND withdrawals will be the first transfer service restored when the current suspension ends. Deposits will not automatically reopen at the same time and will instead be handled under the procedure applicable to assets already designated for trading caution.
Bithumb is working on a slightly different review schedule. Its notice said a decision on extending or removing the designation, or ending trading support, is expected during the first week of October, specifically between Sept. 28 and Oct. 2. The schedule can change depending on the exchange’s internal review.
Bithumb also said the caution status can be removed before the review period ends if the underlying reasons are resolved.
Korean exchanges have used similar reviews after exploits The SAND action follows previous cases in which South Korean exchanges placed tokens under caution while assessing a project’s response to a security breach.
In July, crypto.news reported that Upbit removed its warning on Taiko after reviewing information supplied by the layer-2 project about a June bridge exploit and the security measures introduced afterward.
TAIKO had initially been placed under warning on June 22 after Upbit identified a security incident involving systems used to issue, transfer or store the asset. Deposits were blocked during the review while existing balances could still be traded.
After a 32-day review, Upbit said the project had provided information covering the cause of the breach and subsequent security measures, allowing the exchange to determine that the reason for the warning had been resolved. Bithumb removed its TAIKO warning on the same day and prepared to restore deposits.
Security incidents have also led to more severe outcomes when Korean exchanges were not satisfied with a project’s remediation.
Earlier this year, Flow Foundation and Dapper Labs sought a court order after Upbit, Bithumb and Coinone moved to end FLOW trading support following a December 2025 exploit.
The Flow incident involved a protocol-level vulnerability that allowed an attacker to create duplicated tokens and extract about $3.9 million in value. Flow later said user balances were not affected, while validators and exchange partners took emergency measures to contain the incident and recover funds.
Despite the later remediation work, the Korean exchanges moved toward delisting FLOW, prompting the foundation and Dapper Labs to ask the Seoul Central District Court to suspend the trading termination while additional evidence was reviewed.
Security controls remain under regulatory scrutiny Security incidents at South Korean trading platforms have also drawn attention from domestic regulators under the country’s Virtual Asset User Protection Act.
South Korea’s Financial Supervisory Service began a formal sanctions process against Upbit operator Dunamu in July over a November 2025 wallet breach that affected Solana-based assets.
The FSS action followed an inspection into whether the exchange had met its obligations under the user protection law. Korean reports cited in the July coverage put the affected amount at 44.5 billion won, while Upbit said after the incident that customer losses would be covered with company funds.
Following the breach, Upbit moved assets into cold wallets, suspended deposits and withdrawals and began tracing the stolen funds. Regulators subsequently examined both the security failure and how the exchange disclosed the incident to users.
Applied Digital má zhruba 1,4 GW smluvně zajištěného IT workloadu a asi 36 miliard USD ve výnosech z pronájmu, což mu může posílit AI náskok nad WULF a CRWV. Klíčové ale bude včas proměnit přístup k elektřině v provozní kapacitu.
Key Takeaways APLD's power access could strengthen its AI infrastructure edge over WULF & CRWV amid industry constraints.APLD has 1.4 GW of contracted IT load tied to about $36B in lease revenues and 1.2 GW in planned generation.APLD must execute power & campus expansions to translate AI opportunities into expected FY27 revenue growth. Applied Digital (APLD - Free Report) could strengthen its AI infrastructure edge over TeraWulf (WULF - Free Report) and CoreWeave (CRWV - Free Report) by leveraging its access to large-scale, cost-competitive power, a critical constraint and competitive differentiator in the AI data-center market.
APLD has secured roughly 1.4 GW of contracted critical IT load, representing about $36 billion in contracted lease revenues, while its North Dakota strategy is designed to expand access to reliable, low-cost power. The company is also working with Base Electron on approximately 1.2 GW of natural-gas-fired generation, which could unlock additional capacity at existing campuses and support future AI Factory development.
This power position could become increasingly valuable as AI workloads require higher-density infrastructure and the industry faces significant power constraints. APLD has already demonstrated its ability to convert power into operating capacity, bringing 175 MW at Polaris Forge 1 online while continuing to develop additional campuses.
However, the advantage carries execution risks. Base Electron is an independent power producer, meaning APLD does not directly control the project that could provide additional power. Moreover, Applied Digital competes with other power-advantaged developers, making timely conversion of power access into operational AI capacity critical to sustaining its competitive position.
According to the Zacks Consensus Estimate, revenues are projected to grow by 49.7% in fiscal 2027; therefore, the successful execution of APLD’s power and campus expansion plans is crucial for realizing this expected growth. Overall, the company’s power advantage could strengthen its AI edge over WULF and CRWV, provided it can execute these plans on schedule and convert its scarce power access into revenue-generating AI capacity.
How Are APLD's Competitors Positioned?TeraWulf competes with APLD by controlling power-advantaged sites, interconnection and electrical infrastructure to convert scarce electricity into AI/HPC capacity. TeraWulf’s Lake Mariner and Kentucky projects pair grid access with phased, long-term leases, while its 250-500 MW annual contracting target challenges APLD’s expansion pipeline. TeraWulf therefore competes directly for power, customers and AI capacity.
CoreWeave competes with APLD by aggressively securing power and converting it into AI cloud capacity at scale. CoreWeave reached 1.5 GW of active power and 4.2 GW contracted, with a goal of at least 8 GW by 2030. Its powered-land and self-build strategy directly contests APLD for scarce power, sites and AI workloads.
APLD’s Share Price Performance, Valuation & EstimatesAPLD shares have surged 70.6% in the past year, outperforming the broader Zacks Computer and Technology sector’s 12.1% growth.
APLD’s 1-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, APLD appears overvalued, trading at a trailing 12-month price/book (P/B) ratio of 4.51, above the industry average of 3. The company carries a Value Score of F.
APLD’s Valuation
Image Source: Zacks Investment Research
The fiscal 2027 bottom-line outlook remains challenging, with the consensus estimate currently pegged at a loss of $1.09 per share, widening by 9 cents over the past 30 days and compared with a loss of 91 cents in fiscal 2026.
CoreWeave ve 2. čtvrtletí zvýšila tržby na 2,6 miliardy USD a objem nevyřízených zakázek na 104 miliard USD, což ukazuje, že poptávka po AI infrastruktuře dál sílí. To je pozitivní signál pro Nvidia, jejíž GPU CoreWeave nakupuje.
One of the hottest debates on Wall Street concerns the future of artificial intelligence (AI) infrastructure spending and its potential impact on industry leaders, such as Nvidia (NVDA -2.50%). Some investors believe that the AI tailwind won't last much longer, and as it slows, Nvidia's shares will plunge. Others think the semiconductor specialist is still looking at a large growth runway. Who is right?
Earnings season has given us more evidence for the bull thesis. Consider, for instance, CoreWeave's (CRWV -3.35%) second-quarter results, released on Aug. 11. The AI-focused cloud computing company's update gave us more reasons to believe Nvidia's run is far from over. Here's what investors need to know.
Image source: The Motley Fool.
CoreWeave is firing on all cylinders CoreWeave operates data centers tailored for AI workloads. Since Nvidia's GPUs (Graphics Processing Units) are still arguably the most effective hardware for training and running AI applications, CoreWeave buys racks of them. As demand for the company's services increases, CoreWeave will need to expand its capacity and purchase additional GPUs. That seems to be what will continue happening for the foreseeable future, as evidenced by CoreWeave's second-quarter results.
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The company's revenue was $2.6 billion, up 112.5% year over year. CoreWeave's revenue backlog as of the end of the period was $104 billion, up 245.5% from the year-ago quarter. CoreWeave's operating and net losses widened compared to the prior-year quarter, but this reflects the company's continued investment in the business, which seems more than justified considering its revenue and backlog growth. Management pointed out that CoreWeave's capacity is sold out in the near-term, while demand continues to intensify.
What it means for Nvidia's future CoreWeave's excellent second-quarter results signaled that AI infrastructure spending hasn't peaked yet and were unquestionably a bullish sign for Nvidia. Does that mean investors should buy Nvidia's stock ahead of its upcoming earnings update? On Aug. 26, Nvidia will release its financial results for the second quarter of its fiscal year 2027, which ended on July 26.
However, the company is unlikely to impress the market, even if it beats on revenue and earnings, which it has done more often than not in recent years. Wall Street has ceased to be impressed by that. That said, Nvidia's shares may still be a buy ahead of Aug. 26 for investors focused on the long game.
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The company's lead in the GPU market remains impregnable, partly thanks to its CUDA ecosystem, which provides a wide moat from switching costs. Nvidia is also tapping into new opportunities. It estimates a $200 billion addressable market in the CPU (Central Processing Unit) industry, driven by the rise of agentic AI systems that run on CPUs. Nvidia is well-positioned to capture a corner of that space as well.
Lastly, the stock remains fairly valued. Nvidia is trading at 24.8x forward earnings, versus an average of 21.1x for information technology stocks. At the rate at which Nvidia's earnings continue to grow -- and given sustained demand for its products -- that seems more than fair. For all those reasons, the stock is still a buy.
Equinor uzavřel s ORLENem tříletou smlouvu na dodávky 5 až více než 9 milionů tun ropy ročně, počínaje zářím. Odběr z Johan Sverdrup posiluje prodeje i dosah EQNR v Evropě.
Key Takeaways Equinor will supply ORLEN with 5-9 million tons of crude annually for three years starting in September.Johan Sverdrup's low-emission production strengthens the competitiveness of Equinor's key upstream asset.Equinor's broader Polish portfolio spans crude, gas, LNG, offshore wind, solar, onshore wind and batteries. Equinor ASA (EQNR - Free Report) has strengthened its position in the European energy market by signing a three-year crude oil supply agreement with Poland’s ORLEN.
Beginning in September, Equinor will supply crude from the Johan Sverdrup field on the Norwegian continental shelf, with annual volumes ranging from 5 million tons to more than 9 million tons. The agreement allows Equinor to supply other crude grades produced from Norwegian fields.
Stable Crude Offtake Supports EQNR’s Sales VisibilityThe deal provides EQNR with a sizeable and relatively stable market for its crude production. ORLEN plans to process the oil at refineries in Poland, Lithuania and the Czech Republic, extending Equinor’s reach across Europe.
The agreement strengthens the relationship between the two companies at a time when European buyers remain focused on supply security and dependable energy partners.
Johan Sverdrup Strengthens EQNR’s Upstream PortfolioJohan Sverdrup is the highest-producing oil field on the Norwegian continental shelf and remains an important contributor to European energy supply.
The field is known for highly energy-efficient production and significantly lower production-related carbon-dioxide emissions than the global average, mainly because it is powered from shore. These characteristics support the competitiveness of one of EQNR’s key upstream assets.
Poland Expansion Broadens EQNR’s Energy FootprintThe ORLEN agreement fits into Equinor’s broader energy presence in Poland. Beyond crude oil, EQNR supplies pipeline gas and liquefied natural gas (LNG), while developing the Baltyk offshore wind projects with Polenergia.
Through Wento, Equinor is expanding its portfolio of solar, onshore wind and battery-storage assets in the country.
Long-Term Deal Reinforces EQNR’s Investment AppealThe agreement strengthens sales visibility and deepens Equinor’s commercial position in an important European market. Although financial terms remain confidential, the three-year duration and large annual supply range are likely to support resilient crude marketing and therefore strengthen its business model.
Combined with EQNR’s broader oil, gas and renewable-energy presence in Poland, the deal reinforces the company’s diversified role in Europe’s energy market.
EQNR’s Zacks Rank & Key PicksEquinor currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the energy sector are Valero Energy Corporation (VLO - Free Report) , Par Pacific Holdings, Inc. (PARR - Free Report) and HF Sinclair Corporation (DINO - Free Report) . The business models of VLO, PARR and DINO are sensitive to crude price fluctuations. Valero, Par Pacific and HF Sinclair currently sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks Rank #1 stocks here.
Valero operates 14 global refineries with a daily refinery throughput capacity of 3 million barrels. The refiner’s ethanol operations are spread across 12 U.S. ethanol plants. During the second quarter of 2026, VLO recorded strong gains in its ethanol sector. Margins expanded to $1.15 per gallon from 52 cents per gallon and operating income rose to 75 cents per gallon compared with 13 cents per gallon a year earlier.
Par Pacific operates an integrated energy platform spanning 219,000 barrels per day of refining capacity, logistics, retail and a 46% stake in Laramie Energy across Hawaii, the Pacific Northwest and the Rockies. The company’s logistics network includes 13 million barrels of storage, pipeline network, marine terminals, rail facilities and truck racks, supporting the movement and marketing of conventional and renewable fuels. PARR reported a strong second-quarter 2026 adjusted EBITDA of $571.3 million, higher than the $137.8 million a year earlier, while adjusted net income increased to $499.2 million from $78.3 million a year ago.
HF Sinclair is an independent refiner producing gasoline, diesel, jet fuel, renewable diesel, lubricants and specialty products. In second-quarter 2026, DINO’s adjusted EBITDA increased to $1.5 billion from $665 million a year earlier, driven by stronger refining margins, higher volumes and solid execution. Meanwhile, the company’s renewable fuels adjusted EBITDA rose to $123 million against a $2 million loss reported a year ago due to increased renewable identification number prices, improved Producer’s Tax Credit benefits and higher volumes.
EUR/USD podporuje slabší dolar po zdvojnásobení programu zpětných odkupů dluhopisů americkým ministerstvem financí na nejméně 4 miliardy dolarů na operaci. Tento týden budou klíčové Jackson Hole a výnosy amerických dluhopisů.
This week's Jackson-Hole symposium and the US Treasury's bond buyback program are the defining factors for this week's EUR/USD forecasts. Current Setup and Live Chart The EUR/USD enters the new week with a moderately bullish bias due to last week’s developments in the US Treasury market.
The previous week began with US long-term Treasury yields spiking to levels not seen in decades. The 30-year Treasury Note hit a 19-year high, and the 10-year Treasury Note also topped 4.24%, a high not seen in a long while. The sharp spike in bond yields caused an accelerated selloff in the US bond market, forcing the US Treasury Department to double its bond-buying program to $4 billion per operation to stabilize the market. The corresponding drop in bond yields reduced the appeal of the US Dollar and USD-denominated assets, weighing on the greenback vs. its peers.
The FX implication of doubling the bond-buying program is that the US Treasury is trying to set a floor under the bond market. This is creating an unusual dynamic:
Treasury buys long-term (10-yr and 30-yr) bonds → drop in long-term yields → Narrowing of US yield advantage → USD loses appeal → EUR/USD gains.
Simultaneously, geopolitical developments in the Middle East remain relevant to price action on USD pairs. Uncertainty around the Strait of Hormuz and the prospect of stiffer US sanctions against Iran keep geopolitical risks elevated. This means that oil prices will remain high, which brings on inflationary pressures. This is a risk-off event that generates some USD safe-haven appeal. This is the factor limiting the upside in the EUR/USD.
EUR/USD is therefore trading amid the interaction of US fiscal policy (Treasury-market intervention), geopolitics, and central bank expectations, which will come back under the spotlight at this week’s annual Jackson-Hole Symposium.
Macro Drivers for EUR/USD Forecasts 1) The Treasury Buyback Program
The US Treasury announced last Tuesday that it will double the maximum size of its long-end liquidity support operations from two billion dollars to at least four billion dollars per operational cycle. This bond buyback program will cover the 10- to 20-year and 20- to 30-year bond yields. The program is due to commence on 9th of September. However, this is not the same as quantitative easing by the US Federal Reserve. This distinction matters because Treasury buybacks primarily aim to boost liquidity by removing less-liquid bonds from the market. In other words, the Treasury is effectively redefining the maturity profile of US government debt and is not creating new money. The US Treasury documentation describing this new initiative explicitly calls them liquidity-support buybacks. For FX market traders, the policy is clear: It aims to contain long-term borrowing costs and reduce the US Dollar’s yield advantage, making USD and USD-dominated assets less appealing. The move has sent the US dollar lower, where it is now trading at multi-month lows versus the euro and many of its other G10 currency pairs.
2) US Fiscal Concerns
Concerns about the US fiscal position are growing. The US Treasury’s intervention reflects these concerns. The surge in the 30-year Treasury yield above 5% indicates investors want higher premiums to buy and hold US government debt for longer. The sentiment is that investors increasingly see attempts to suppress long-term yields as artificial, which indicates that the US government is now uncomfortable with rising borrowing costs. The latter sentiment reduces fiscal credibility and ultimately scares investors away from US government bonds to other destinations. The decline in the US Dollar is evidence of this sentiment currently.
3) Geopolitical Risk Premium Still Generates USD Appeal
The US-Iran conflict is a risk-off event that still generates demand for the USD via safe-haven appeal. If there is severe geopolitical escalation beyond the current situation, safe-haven demand for the dollar will rise, curtailing EUR/USD upside. Furthermore, the Eurozone is an energy-import-dependent region. Higher oil prices will create imported Eurozone inflation, which could stifle Eurozone growth (a key ECB concern). The ECB is likely to turn dovish if Eurozone growth is suppressed.
EUR/USD Price Catalysts This Week 1) Jackson Hole and Fed expectations: This week’s annual Jackson-Hole Symposium is the most important catalyst for price action this week on monetary policy. The market will look for clues on the direction of Fed policy and how ECB policymakers handle the battle between imported inflation and growth.
2) Treasury yields: the intervention of the US Treasury in the bond market has made the direction of the 10-year and 30-year bond yields of prime importance. Typically, rising bond yields are USD-supportive, while falling bond yields are USD-negative, which favors a EUR/USD upside.
3) US-Iran developments and oil prices: A further deterioration in the conflict raises the geopolitical premium and introduces risk-off sentiment, which favors the USD via safe-haven appeal. However, US fiscal concerns and lower US bond yields will reduce USD demand and further weaken the USD. The energy shock also introduces Eurozone inflationary pressures and stifles growth prospects, limiting the Euro’s upside. View the geopolitical situation as fluid, as the dominant factor will determine which way the pair swings.
EUR/USD Technical Outlook The presence of the two pinbar candles at the 1.1671 resistance is indicative of a stall in the uptrend. If the price declines from this resistance, the 15 June high at 1.1621 becomes the immediate downside pivot. If this pivot fails to hold, 1.1577 (19 January and 21 May lows) forms the next downside target. Further below, the double bottom’s neckline at 1.1506 assumes importance.
Fig 1: EUR/USD daily chart showing key price levels (snapshot: 24 August 2026) On the flip side, if 1.1671 holds firm against downward pressure, we could see a bounce targeting 1.1813 resistance as the major upside target. Before then, there is the potential for a pit stop at 1.1743, which served as the 19 February support level.
Kalifornský generální prokurátor Rob Bonta zrušil pondělní plánované jednání o narovnání s Paramount Skydance kvůli navrhované akvizici Warner Bros. Discovery a obvinil firmu z jednání v dobré víře. Spor o antimonopolní žalobu tak zůstává nevyřešený.
California Attorney General Rob Bonta canceled Monday’s planned settlement meeting with Paramount Skydance (Paramount Skydance Corp (NASDAQ:PSKY) over the company’s proposed acquisition of Warner Bros. Discovery, accusing Paramount of acting in bad faith.
According to a report in The New York Times, Bonta’s office accused Paramount of leaking and misrepresenting details from a preliminary meeting held Friday, prompting the attorney general to call off talks that were intended to explore a settlement.
The canceled meeting came after reports that California was expected to seek the sale of some cable channels and structural safeguards separating the companies' movie studios as conditions for settling the antitrust case.
California and 11 other states sued last month to block the transaction, arguing the combination would reduce competition in theatrical film distribution and cable television and could hurt consumers, theaters and workers.
Paramount has pledged to release at least 30 theatrical films a year after the merger, but the states have argued that commitment would not adequately address their antitrust concerns.
Paramount’s proposed acquisition values Warner Bros. Discovery at $81 billion in equity value and $110 billion in enterprise value, which includes debt and other liabilities assumed in the transaction.
The Justice Department and regulators in dozens of other countries have cleared the transaction, but the state lawsuits remain a major obstacle to closing the deal.
Paramount faces financial pressure to complete the transaction, with Warner Bros. Discovery shareholders entitled to a quarterly ticking fee if the deal remains unclosed after September 30.
The breakdown in settlement discussions leaves the antitrust case unresolved as Paramount seeks to complete one of the largest media transactions in the industry.
Paměťové tituly v pondělí prudce klesly po zprávě, že USA mohou dovolit Applu odebírat paměťové čipy od čínských dodavatelů. Micron, SanDisk a Western Digital odepsaly 7 %, 9 % a 7 %.
Memory stocks are sliding Monday morning after weekend reports that Washington may permit Apple (NASDAQ:AAPL | AAPL Price Prediction) to source memory chips from Chinese suppliers. The policy shift would land squarely on the U.S. and Korean players that dominate the group.
SanDisk (NASDAQ:SNDK) stock is down 9% to $1,458.29, leading the group lower. Meanwhile, Micron Technology (NASDAQ:MU) stock is down 7% to $897.86 in early Monday trading, the cleanest read-through to any shift in Apple’s DRAM sourcing.
Western Digital (NASDAQ:WDC) stock is down 7% to $429.49 on similar sector-wide pressure, and SK Hynix (NASDAQ:SKHY) stock is down 5% to $154.48 as the selling spans geographies. The Roundhill Memory ETF (CBOE:DRAM) is down 7% to $53.62, matching the individual names almost exactly and signaling that traders aren’t sorting between NAND and DRAM exposure.
The uniformity is the tell. This looks like a policy-headline shock landing on a sector that had already run enormously, with SanDisk stock up 572% year to date through Friday’s close and Micron Technology stock up 239% YTD through Friday’s close. Gains like that invite exactly this kind of gap risk (we wrote a free handbook on riding a mania and planning the exit here: The Bubble Survivor’s Handbook).
Weekend Report on Chinese Memory Sourcing Reports circulating over the weekend said the Trump administration may permit Apple to source DRAM from China’s CXMT and NAND flash memory from YMTC. The move is described as a possible diplomatic gesture ahead of President Xi Jinping’s planned U.S. visit, expected on or around September 24. Apple has said it is “evaluating all options” on memory supply and that Chinese sourcing “could help us on the supply side and perhaps the pricing side.”
The stakes concentrate at Micron. As the dominant U.S. supplier of the high-density lpDDR5x DRAM Apple uses in iPhones and Macs, Micron Technology shares carry the most direct read-through to any shift in Apple’s memory sourcing decision.
Analyst Calls It an Overreaction KC Rajkumar of Lynx Equity Research called Monday’s selloff “an overreaction” in a note, arguing supply constraints and qualification gaps make the China memory threat far smaller than the headlines imply. His channel checks found CXMT qualified for only one low-volume Mac product and not qualified for iPhones at all, with poor yield on the high-density lpDDR5x DRAM Apple requires.
Rajkumar wrote that “CXMT supply is unlikely to dent the shortage Apple is facing in DRAM, nor could CXMT supply improve Apple’s negotiation position at traditional suppliers such as MU.” On YMTC, he found Apple has not qualified its NAND for any product, and that YMTC has allocated its latest-generation NAND to domestic customers including Android smartphones, electric vehicles and Lenovo notebooks.
Both CXMT and YMTC remain on the Pentagon’s Section 1260H list of companies with alleged ties to China’s military-industrial base, which could complicate any procurement arrangement. On August 17, Commerce Secretary Howard Lutnick told the Wall Street Journal that “it’s not great American companies using Chinese memory,” and Micron and SanDisk shares rose sharply that session.
Position Sizing Into Xi Visit Headlines For investors already long the memory complex, today’s move should reinforce basic position discipline given how much beta these names now carry into any China-related headline. The Roundhill Memory ETF’s mirror-image drop with the underlying stocks says that trimming a diversified fund doesn’t soften the sector risk here.
Investors adding on this weakness should size to the possibility that further Xi-visit-related headlines produce more single-day gaps in both directions across the group. No policy decision has actually been announced, and Washington’s own Commerce chief publicly opposed the arrangement last week, yet the tape is trading as if the risk is real and near-term.
Keep an eye on Micron stock for follow-through selling and additional analyst notes on qualification and yield at CXMT and YMTC. Any official readout from either capital as the September summit window approaches could drive the next share-price moves.
Contact [email protected] for any questions or corrections.
The S&P 500 is up by more than 10% this year, and its growth has outpaced Microsoft (MSFT +1.01%), but I don't think that trend will last too much longer. Microsoft's 20% return over the past month shows that more investors are spotting the opportunity.
Its earnings results were the major catalyst behind the surge, and there were a few details in the report that make me think Microsoft is a more promising investment now than the broad-market S&P 500.
Image source: Getty Images.
Cloud computing revenue continues to grow Most of Microsoft's growth is coming from its cloud computing unit. Revenues from that part of the business were up by 27% year over year in Microsoft's fiscal 2026 fourth quarter.
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This segment has maintained high growth rates for many quarters, and I believe that trend will continue. Artificial intelligence (AI) has boosted enterprise demand for cloud platforms. Competitors like Amazon (AMZN +1.24%) and Alphabet (GOOG +1.37%) (GOOGL +1.46%) have reported strong demand for their cloud platforms that continues to accelerate.
Cloud computing operates on a recurring revenue model, and Microsoft's established customers will have to upgrade their plans as their needs evolve. It's extremely cumbersome to switch from one cloud platform to another, and it's not worth the effort if the differences between Microsoft, Amazon, and Alphabet are marginal.
Microsoft continues to enhance its cloud offering to boost retention and attract new customers. Microsoft Cloud provides a broad model catalog of more than 11,000 models. This selection aids customers that want "the right model for each task, based on quality, latency, cost, and compliance," per the earnings call transcript.
Other business segments are also doing nicely I still view cloud computing as the major story for Microsoft, and continued growth in this segment will help the tech stock outperform the S&P 500 in the future. It accounted for roughly two-thirds of Microsoft's revenue in its fiscal 2026 Q4, but the businesses that generated the remaining third of sales still show some upside potential too.
Artificial intelligence has also translated into higher growth rates for Microsoft's other businesses. LinkedIn and online advertising revenue were up by 12% and 10% year over year, respectively.
Microsoft 365 commercial cloud revenue also rose 16% year over year. The company's "more personal computing" segment, which includes online ads, Xbox, and Windows OEM and devices, was down by 4% year over year. While I would prefer if every segment were delivering revenue growth, this part of Microsoft's business only represented 14.3% of total sales.
Microsoft stock may be suffering from the company's success. While some growth investors are chasing smaller AI stocks in the hopes of more substantial gains, Microsoft steadily delivers better fundamentals each quarter.
Overall revenue and operating income were both up by 18% year over year in the most recent quarter. Those numbers beat most companies in the S&P 500, and to top it off, Microsoft has a lower price-to-earnings (P/E) ratio than the index. These factors explain why I view Microsoft as a better opportunity than the market's most popular benchmark.
The S&P 500 has a lot of dead weight It's not just that Microsoft is a great stock. I also believe investors should look deeper into any index fund or exchange-traded fund they want to buy. For instance, the S&P 500 has recently derived a large portion of its gains from the "Magnificent Seven" stocks, but a closer look reveals many stocks are flat or down this year.
More than 150 S&P 500 holdings are down year to date, while fewer than half of the stocks in this index have a 10% return or higher.
Admittedly, Microsoft is in neither of those categories. It's up year to date, but not by much. However, Microsoft's stock price movements have not kept pace with its improving fundamentals. Meanwhile, some S&P 500 stocks are overextended and more vulnerable to future corrections.
Tech stocks like Microsoft often do the heavy lifting for the S&P 500, and the stock price should eventually catch up with Microsoft's fundamental growth. That's why I like Microsoft better than the S&P 500.
Microsoft je v závodě o AI přehlížený, přesto Azure právě překročil 100 miliard USD ročních výnosů a Copilot se stal nejrychleji monetizovaným podnikových produktem v historii firmy.
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Microsoft has become the quiet outlier in the AI trade. While NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) absorbs the spotlight and hyperscaler rivals chase headlines, Microsoft (NASDAQ:MSFT) is quietly compounding the deepest enterprise AI moat in software.
Our 24/7 Wall St. price target for Microsoft is $590.17, implying upside of 22.13% from a current price of $483.24. We rate it a buy with high confidence, driven by an Azure business that just crossed $100 billion in annual revenue and a Copilot franchise that has become the fastest-monetizing enterprise product in the company’s history.
24/7 Wall St. Price Target Summary Metric Value Current Price $483.24 24/7 Wall St. Price Target $590.17 Upside 22.13% Recommendation BUY Confidence Level 90% Why Microsoft Feels Overlooked Right Now Microsoft shares are down 3.37% over the past year and roughly flat year to date, even after ripping 24.03% in the last month.
The July earnings report was a statement: revenue of $90.01 billion grew 17.75%, non-GAAP EPS came in at $4.74, and Azure grew 43%. The stock reacted with a 15.51% day-of pop, its strongest earnings reaction in the dataset. Retail sentiment on Reddit has followed, with recent posts on the OpenAI stake driving bullish readings.
Bull Case: Path to $614 and Beyond Bulls see Microsoft as the purest scaled beneficiary of enterprise AI adoption. Commercial remaining performance obligations sit at $678 billion, up 84%, a backlog that de-risks near-term revenue. Management guided Q1 FY27 Azure growth to approximately 45% in constant currency, and CFO Amy Hood flagged that “demand continues to exceed available supply.”
Copilot has cleared 30 million paid seats, GitHub Copilot revenue accelerated over 60% quarter over quarter, and a new per-seat plus consumption model expands the TAM materially. Our bull scenario points to $614.33, a 27.13% return, on stronger Azure re-rate and Copilot ARPU expansion.
Bear Case: Capex Digestion Risk The main risk is the sheer cost of the buildout. Full-year capex hit $115.95 billion, up 79.62%, and free cash flow fell 23.19% in the quarter. Bears argue this compresses returns if AI demand normalizes. All that spend flows straight to the power, cooling, and networking vendors behind the racks (we broke down seven of those suppliers in a free report here: 7 Stocks Powering the AI Boom).
That said, bulls counter that the FCF decline reflects heavy investment in capacity management has repeatedly said is fully monetized in-quarter, and net income still grew 31.33%. Our bear-case target is $507.22, still modestly positive, reflecting the durability of the installed base.
How Microsoft Stacks Up Against Alphabet and Amazon Alphabet (NASDAQ:GOOGL) is the most direct cloud AI comparable. Google Cloud accelerated to 82% growth in Q2 2026, hitting $24.77 billion, and Alphabet is guiding $175 to $185 billion in 2026 capex. Google Cloud is growing faster, but Azure is much larger at scale, and Microsoft’s Copilot attach into Office 365 remains structurally hard to replicate.
Amazon (NASDAQ:AMZN) trades at a P/E of 36, meaningfully richer than Microsoft’s 27, despite AWS growing 37% in Q2, a slower rate than Azure’s 43%. That valuation gap makes our $590 target look conservative.
Bottom Line: I’d Buy It Here The 24/7 Wall St. price target of $590.17 and buy rating carry 90% confidence. The tipping factor is the disconnect between Microsoft’s growth acceleration and its P/E of 27, cheaper than Amazon on far higher margins.
I’d be a buyer here if Azure sustains 40%-plus growth into FY27. I’d stay on the sidelines if capex intensity keeps free cash flow negative on a YoY basis for another two quarters.
Year 24/7 Wall St. Price Target 2026 $590 2027 $607 2028 $712 2029 $784 2030 $837 These projections assume Microsoft sustains Azure growth above 30% and Copilot seat expansion continues. Meaningful upside or downside could come from OpenAI’s evolving relationship with Microsoft or a broader slowdown in enterprise IT budgets.
Contact [email protected] for any questions or corrections.
Boeing získal zakázku na P-8A Poseidon až za 156,2 mil. USD, která poběží do srpna 2031. Poptávku podporují vyšší obranné výdaje a rostoucí obavy o námořní bezpečnost.
Key Takeaways Boeing secured a P-8A contract worth up to $156.2M, with work expected to run through August 2031.Rising maritime security concerns and defense spending are supporting demand for Boeing's P-8 Poseidon.Boeing's P-8 supports maritime patrol, anti-submarine warfare, surveillance and reconnaissance missions. The Boeing Company (BA - Free Report) continues to strengthen its position in the military aircraft market through its P-8 Poseidon program. Rising defense spending, growing maritime security concerns and the need for advanced surveillance and anti-submarine warfare capabilities are driving demand for modern military aircraft. This is likely to support continued order activity for Boeing’s P-8 program and strengthen its defense business.
In August 2026, Boeing secured a contract valued at up to $156.2 million to support its P-8A Poseidon program. The deal includes engine build-up kits for the U.S. Navy and Foreign Military Sales customers, with work expected to be completed by August 2031.
This award highlights the sustained demand for the P-8 Poseidon platform, both from the U.S. Navy and international customers. The aircraft plays a critical role in maritime patrol, anti-submarine warfare, intelligence, surveillance and reconnaissance missions, making it an important asset for countries seeking to strengthen their maritime defense capabilities.
Growing geopolitical tensions, expanding naval fleet and rising investments in maritime surveillance should continue to support demand for advanced military aircraft. These trends, combined with Boeing’s strong capabilities in military aircraft and aftermarket support, are expected to create additional opportunities for its defense business.
Overall, the latest contract win underscores the long-term importance of the P-8 Poseidon program. Backed by rising demand for maritime surveillance and anti-submarine warfare capabilities, Boeing’s P-8 aircraft program should continue to support the growth of its defense business.
Other Companies Benefiting from Military Aircraft Demand
Apart from Boeing, other defense companies are also benefiting from rising defense spending and growing demand for advanced military aircraft. These companies are discussed below:
Lockheed Martin Corporation (LMT - Free Report) is benefiting from strong demand for its military aircraft, including the F-35 fighter jet and C-130 transport aircraft, supported by fleet modernization and rising defense budgets.
Northrop Grumman Corporation (NOC - Free Report) is also benefiting from growing demand for advanced manned and unmanned aircraft used in surveillance, intelligence and other defense missions.
The Zacks Rundown for BA
Shares of Boeing have risen 1.3% in the past month against the Zacks aerospace-defense industry’s decline of 2.7%.
Image Source: Zacks Investment Research
From a valuation standpoint, BA is currently trading at a forward 12-month sales multiple of 1.58X, a discount when stacked up with the industry average of 2.50X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for BA’s 2026 and 2027 earnings has moved south over the past 60 days.
Image Source: Zacks Investment Research
BA stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Nvidia v pondělí klesla asi o 2,6 % před středečními výsledky, které mají prověřit udržitelnost investic do AI infrastruktury. Trh čeká zisk na akcii 2,09 USD a tržby 91,96 miliardy USD.
Buy Nvidia (NVDA). The stock is down with the whole semis complex, but the setup is an earnings catalyst: consensus expects $2.09 EPS and $91.96B revenue, and two major analysts reiterated Buy/Overweight with higher targets ($325/$350). If NVDA confirms 2027 data-center revenue momentum (or even just gives clearer outlook), the market’s “AI spending sustainability” fear should fade fast.
Key Risk: NVDA guides to slower 2027/next-quarter data-center growth or signals AI infrastructure financing is tightening, proving the spending cycle is peaking.
SOXX buy
Buy iShares Semiconductor ETF (SOXX). The article shows broad weakness (MU, AMD, AVGO, INTC, STX all down), which creates a better risk/reward entry than picking only one name. If NVDA’s earnings act as a green light for the AI capex cycle, semis typically re-rate together and SOXX captures the rebound without relying on one company’s execution.
Key Risk: Earnings across the group (or guidance from peers) confirms AI capex is slowing materially, keeping the whole sector de-risked.
Nvidia NVDA shares fell around 2.6% to around $209 in early Monday trading as the chipmaker began its earnings week under pressure from a broader decline in technology and semiconductor stocks.
The S&P 500 fell 0.2%, while the Nasdaq Composite lost 0.5%. The Dow Jones Industrial Average was up 32 points, or 0.1%.
Chip stocks were among the biggest decliners. The iShares Semiconductor ETF dropped almost 3%.
Micron Technology fell more than 6%, while Advanced Micro Devices and Broadcom declined 3% and about 2%, respectively.
Other technology stocks also came under pressure. Sandisk dropped 9%, Intel declined 4%, and Seagate Technology fell 6%.
Nvidia will report its fiscal 2027 second-quarter results on Wednesday in what has become a key test for the broader artificial intelligence investment cycle.
The chipmaker is expected to beat consensus estimates of $2.09 in adjusted earnings per share and $91.96 billion in revenue.
Rosenblatt Securities reiterated a Buy rating and $325 price target on Nvidia ahead of the earnings report.
The firm expects the second-quarter results to act as a positive catalyst for the stock, with revenue and earnings expected to exceed consensus estimates.
Rosenblatt also expects Nvidia's third-quarter revenue and earnings guidance to come in above consensus expectations.
The firm pointed to the company's continued momentum and leadership in artificial intelligence, while maintaining its view that Nvidia will continue to deliver strong performance.
Cantor Fitzgerald also reiterated an Overweight rating on Nvidia on Monday and maintained a $350 price target.
The firm said investors remain underweight the stock and expects Nvidia shares to move rapidly once the stock begins to rise. Nvidia remains one of Cantor Fitzgerald's top picks.
The firm identified several potential catalysts that could support the shares.
One is a formal update on Nvidia's data center revenue outlook for 2027.
Cantor noted that other companies have already provided specific targets for that period, while Nvidia has not.
The firm also pointed to potential developments involving Anthropic ahead of its expected fourth-quarter 2026 initial public offering.
Greater visibility into hyperscale and other capital expenditure plans for 2027 and 2028 could also provide support for Nvidia, according to the firm.
Cantor additionally cited continued strong growth among neocloud companies and increasing confidence in graphics processing units becoming a standardized asset class through new financing agreements.
Nvidia's results will arrive after a period of increased scrutiny around the sustainability of AI infrastructure spending, competition and financing arrangements across the industry.
The company remains central to the AI infrastructure trade, making its quarterly results an important indicator for investors assessing whether current levels of spending can continue.
The earnings report will provide a key test of Nvidia's ability to convert continued AI infrastructure investment into revenue growth while addressing investor concerns around financing, competition and the sustainability of spending across the sector.
NVIDIA vykázala v 1. čtvrtletí fiskálního roku 2027 tržby ve výši 82 miliard USD, meziročně o 85 % více, a oznámila výhled na 91 miliard USD plus minus 2 % pro 2. čtvrtletí.
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The AI trade in August 2026 has cooled meaningfully from a year ago. Insider filings, options flow, and analyst targets point in different directions across the biggest names in the theme. Nowhere is that more visible than in NVIDIA (NASDAQ:NVDA | NVDA Price Prediction), the poster child for the buildout. Our proprietary model reads through that noise and lands on a constructive stance.
Our 24/7 Wall St. price target for NVIDIA is $268.36, implying roughly 25% upside from a current price of $214.72. The recommendation is buy at high confidence.
24/7 Wall St. Price Target Summary Metric Value Current Price $214.72 24/7 Wall St. Price Target $268.36 Upside +24.98% Recommendation BUY Confidence Level 90% NVIDIA remains the cleanest way to own the AI infrastructure buildout, but momentum has cooled. Shares are down 4.64% over the past week, up 15.27% year to date, and up 935% over five years. That deceleration creates the setup where smart-money signals get murky, yet our model sees more upside than downside.
Mixed Signals Under the Hood NVIDIA delivered $82 billion in Q1 FY27 revenue, up 85% year over year, with data center revenue of $75 billion and $49 billion in free cash flow. Q2 guidance sits at $91 billion plus or minus 2%. CEO Jensen Huang said “demand has gone parabolic” and that AI infrastructure spending is on track to reach $3 to $4 trillion annually by the end of this decade.
The mixed signal comes from positioning. NVDA’s put/call ratio sits at 0.60 across the full chain, with December 2026 pushing to 1.29. Retail sentiment on Reddit is neutral at 51, and Director Tench Coxe filed a disposal of 500,000 shares on August 5.
Bull Case: $310 and Higher Our bull case takes NVIDIA to $310.25, or roughly 44.5% upside. Vera Rubin production begins in Q3 with claimed 35x higher inference throughput versus Blackwell.
NVIDIA claims $1 trillion in Blackwell and Rubin revenue from 2025 through calendar 2027, and the Vera CPU opens a $200 billion TAM. China H20 shipments would sit above current outlook.
What Could Go Wrong The bear case pins NVIDIA at $232.09, or about 8% upside, reflecting hyperscale capex normalization and gross margin compression from the current 75% level.
Bulls counter that $145 billion in supply commitments plus $20 billion returned to shareholders last quarter argue against demand collapse. Regulatory risk on China compute remains the wildcard.
How NVIDIA Compares to Alphabet, Tesla, and Cognex Alphabet (NASDAQ:GOOGL) is a major buyer of NVIDIA silicon. Google Cloud grew 82% in Q2 FY26, and our 24/7 Wall St. price target for GOOGL is $439.86, or 27.6% upside. GOOGL trades at an implied forward P/E of 17 versus NVDA’s 37, making NVDA expensive but justified given 2x the growth.
Tesla (NASDAQ:TSLA) shows mixed signals. Our model shifted to hold with a target of $377.78, only 4.1% upside. Tesla’s Q2 non-GAAP EPS missed by 38.5%, and analyst sentiment is only 49% bullish. If your AI thesis needs FSD monetization, smart money is skeptical.
Cognex (NASDAQ:CGNX) is a picks-and-shovels play: machine-vision inspection for data-center racks. Data-center revenue is growing about 30%, and our target of $74.90 implies 23.7% upside. That is tighter upside than NVDA at higher execution risk, making our NVDA target reasonable (we profiled seven more of these non-chip AI infrastructure suppliers, from power to cooling to networking, in a free report you can grab here).
Intuitive Surgical (NASDAQ:ISRG) is down 33.1% year to date despite 16% Q2 procedure growth. That signals that even “AI-adjacent” stories bleed hard when confidence wobbles.
NVIDIA Price Prediction 2026-2030 Our 24/7 Wall St. price target of $268.36 reflects a buy at 90% confidence. The tipping factor is unit economics: 2.7x throughput and 60% lower cost per token on GB300 versus six months earlier.
The setup strengthens if Vera Rubin ramps on schedule in Q3. The thesis weakens if hyperscale capex growth decelerates below 30% for two consecutive quarters. The mixed signals are real, and NVIDIA is still the highest quality expression of the AI theme.
Year 24/7 Wall St. Price Target 2026 $229.93 2027 $256.80 2028 $317.58 2029 $346.95 2030 $399.20 These projections assume NVIDIA continues executing on Blackwell, Rubin, and Vera. Meaningful upside or downside could result from China compute policy changes, custom-silicon share losses at hyperscalers, or a step-change in agentic AI adoption.
Contact [email protected] for any questions or corrections.
SpaceXAI nasadí NVIDIA Vera CPUs pro své aplikace agentní umělé inteligence a rozšíří infrastrukturu pro Grok na platformě Vera Rubin. První satelit Starmind má využít optimalizovaný systém Vera Rubin NVL72.
SpaceXAI will deploy NVIDIA Vera CPUs to accelerate the work behind its next generation of agentic AI workloads.SpaceXAI is expanding its AI infrastructure for Grok with the NVIDIA Vera Rubin platform as it scales toward gigawatts of computing capacity.SpaceXAI plans to extend its use of NVIDIA accelerated computing into space, with the first-generation Starmind AI satellite based on an optimized NVIDIA Vera Rubin NVL72 system.
SANTA CLARA, Calif., Aug. 24, 2026 (GLOBE NEWSWIRE) -- NVIDIA today announced that SpaceXAI will deploy NVIDIA Vera CPUs to accelerate its next generation of agentic AI applications, bringing the first CPU built for AI agents to one of the world’s most ambitious AI deployments.
Agentic AI applications increasingly rely on CPUs to orchestrate tools, execute code, process data and run simulations between model calls. SpaceXAI will use Vera to accelerate these application workloads, helping AI agents act faster while keeping GPUs fed and fully utilized.
SpaceXAI plans to expand its AI infrastructure behind Grok on NVIDIA Vera Rubin, while extending an optimized Vera Rubin NVL72 into space with its first-generation Starmind satellite.
“Agentic AI requires a new kind of computing system — one built not only to generate answers, but to take action,” said Ian Buck, vice president of hyperscale and high-performance computing at NVIDIA. “Vera gives AI agents the CPU performance to act in real time — executing code, processing data and coordinating complex tasks. SpaceXAI is taking this architecture from massive AI factories to the next frontier of computing in orbit.”
“Vera gives us the CPU performance and memory bandwidth to run enormous amounts of orchestration, code and data processing while keeping GPUs doing what they do best,” said Mike Nicolls, president of SpaceXAI. “That means higher-performance AI agents and more useful work from every watt of compute.”
NVIDIA Vera — The CPU for Agents
NVIDIA Vera is the first CPU built for AI agents, designed to accelerate the CPU-intensive work that surrounds model inference — from tool use and code execution to data processing, orchestration and simulation.
Vera features 88 NVIDIA-designed Olympus cores, NVIDIA Spatial Multithreading technology and high-bandwidth LPDDR5X memory, delivering up to 1.2TB/s of bandwidth. Vera enables up to 1.8x faster task completion compared with x86 CPUs across workloads including agentic AI, reinforcement learning and data processing.
SpaceXAI Scales AI Infrastructure With NVIDIA Vera Rubin
At massive scale, AI infrastructure must support demanding training, reasoning and inference workloads while maximizing performance, power efficiency and utilization. NVIDIA Vera Rubin is codesigned across compute, networking and software to optimize the AI factory as a whole.
The platform brings together NVIDIA accelerated computing, NVIDIA NVLink™ interconnect technology, NVIDIA Spectrum-X™ Ethernet networking, NVIDIA BlueField® data processing and NVIDIA software in an integrated architecture designed to deliver high performance and energy efficiency at scale while driving down cost per token.
As SpaceXAI expands toward gigawatts of computing capacity, Vera Rubin provides a common architecture to efficiently scale its next generation of AI factories — a foundation SpaceXAI plans to take beyond terrestrial data centers and into orbital computing.
NVIDIA Accelerated Computing, From Earth to Orbit
SpaceXAI’s work with NVIDIA is moving beyond AI factories on Earth.
SpaceXAI is developing AI computing infrastructure for orbit, where power, thermal management, bandwidth, reliability and physical integration impose dramatically different constraints from conventional data centers.
SpaceXAI’s planned first-generation Starmind AI satellite will be based on the optimized NVIDIA Vera Rubin NVL72 rack-scale system, extending the same accelerated computing architecture powering next-generation AI factories on Earth into space.
NVIDIA and SpaceXAI are working to adapt that foundation to the requirements of orbital computing while preserving a common NVIDIA architecture and software ecosystem.
This delivers one computing foundation across a wide range of environments: Vera CPUs accelerating increasingly sophisticated AI agents, Vera Rubin powering the AI infrastructure behind Grok and gigawatt-scale AI factories on Earth, and NVIDIA accelerated computing extending into orbital AI infrastructure.
Learn more about the NVIDIA Vera Rubin platform and NVIDIA Vera CPU.
About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.
For further information, contact:
Kacie Thomas
Corporate Communications
NVIDIA Corporation [email protected]
Certain statements in this press release including, but not limited to, statements as to: SpaceXAI deploying Vera for these new application workloads while building its AI infrastructure on Vera Rubin — from AI factories on Earth to computing in orbit; expectations with respect to growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to third parties’ business plans and third parties’ adoption of NVIDIA technology; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on NVIDIA’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements above are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.
Walmart od 24. srpna zavádí Tap to Pay ve vybraných amerických prodejnách a klubech Sam’s Club. Do konce roku 2026 má být dostupné ve všech obchodech a klubech v USA, následně do poloviny roku 2027 i na čerpacích stanicích.
Key Takeaways Walmart is adding Tap to Pay at select U.S. stores and Sam's Club locations beginning Aug. 24. Walmart plans Tap to Pay at all U.S. stores and clubs by the end of 2026 and fuel stations by mid-2027. Walmart's global e-commerce sales rose 23% in fiscal Q2, while membership fee revenues grew in double digits. Walmart Inc. (WMT - Free Report) is adding another layer of convenience to its U.S. shopping experience with the introduction of Tap to Pay at select Walmart stores and Sam’s Club locations beginning Aug. 24. The contactless payment option is planned for all U.S. stores and clubs by the end of 2026, followed by fuel stations by mid-2027.
The rollout broadens payment flexibility as Walmart continues to focus on making shopping faster and more convenient across channels. Customers and members will be able to pay with eligible contactless cards, smartphones and smartwatches. Eligible Walmart, Sam’s Club and OnePay cards can also be added to digital wallets. Tap to Pay will complement existing options such as Walmart Pay and Sam’s Club Scan & Go.
The initiative also comes amid strong digital momentum across Walmart’s business. Global e-commerce sales increased 23% in the second quarter of fiscal 2027, including growth of 24% at Walmart U.S. and 26% at Sam’s Club U.S. Walmart+ fee revenues also grew at a double-digit pace, with record second-quarter net additions.
For Walmart, Tap to Pay adds another option at an important point in the shopping journey — checkout. While the feature is unlikely to be a meaningful growth driver by itself, expanding payment choice can reduce friction for shoppers who prefer contactless cards or digital wallets.
The rollout complements Walmart’s broader emphasis on convenience. Combined with its expanding digital, delivery and membership capabilities, greater checkout flexibility gives customers another way to shop and pay on their preferred terms, reinforcing the retailer’s increasingly connected in-store and digital experience.
What Do the Latest Metrics Say About Walmart?Walmart, which competes with Costco Wholesale Corporation (COST - Free Report) and Target Corporation (TGT - Free Report) , has seen its shares gain 7.9% over the past year compared with the industry’s 6.2% growth. Shares of Costco have climbed 0.7%, while Target has surged 70.3% in the aforementioned period.
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From a valuation standpoint, Walmart's forward 12-month price-to-earnings ratio stands at 33.67, higher than the industry’s 30.88. The company is trading at a premium to Target (with a forward 12-month P/E ratio of 15.88) while trading at a discount to Costco (41.93).
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The Zacks Consensus Estimate for Walmart’s current fiscal-year sales and earnings per share implies year-over-year growth of 5.1% and 9.1%, respectively.
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Walmart currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
JPMorgan ve 2. čtvrtletí zlepšil kreditní trendy v kartách: míra čistých odpisů klesla na 3,34 % a výhled pro rok 2026 snížil na zhruba 3,2 %. Debetní a kreditní objemy karet vzrostly meziročně o 10 %.
Key Takeaways JPMorgan's Card Services NCO rate fell to 3.34%, with its 2026 outlook lowered to roughly 3.2%.JPM card spending rose 10% year over year, while revolving balances supported net interest income.JPMorgan still faces pressure from elevated rates, with the labor market key to consumer credit trends. JPMorgan’s (JPM - Free Report) consumer credit trends improved in the second quarter of 2026, offering an encouraging signal on card losses. The bank’s Card Services net charge-off (NCO) rate fell to 3.34% from 3.47% in the first quarter and 3.40% a year earlier, suggesting that credit normalization may be stabilizing. Management now expects the 2026 Card NCO rate to be roughly 3.2%, down from its prior outlook of nearly 3.4%, reflecting better-than-expected consumer credit performance.
The improvement is notable because card losses had been a concern as consumers adjusted to elevated borrowing costs and accumulated debt. JPMorgan’s results indicate that losses are no longer worsening at the pace seen earlier in the cycle. Card activity also remains healthy, with debit and credit card sales volume rising 10% year over year and higher revolving balances supporting Card Services net interest income in the second quarter.
Still, it may be premature to declare that the worst is over. Consumer & Community Banking recorded $2.2 billion of NCOs in the quarter, up $70 million from a year earlier, mainly due to Card Services. A higher-for-longer interest rate backdrop is expected to keep borrowing costs elevated and put pressure on debt-servicing capacity, particularly for financially stretched card borrowers, potentially slowing further improvement in card losses. Management, however, continues to view the labor market as the key determinant of consumer credit performance.
Even so, the direction is encouraging. The lower Card NCO outlook, coupled with spending growth, suggests JPMorgan’s consumer portfolio is absorbing normalization without a sharp deterioration in borrower behavior. Resilient employment and consumer finances will help contain credit stress despite elevated rates.
A sustained easing in card losses will likely support earnings by limiting future credit costs while allowing JPMorgan to benefit from growth in revolving balances. The next few quarters will be critical in determining whether better-than-expected credit performance can persist as elevated interest rates continue to test household finances.
How JPM’s Peers Fared in Terms of Credit Trends in Q2Two close peers of JPMorgan are Bank of America (BAC - Free Report) and Citigroup (C - Free Report) .
Bank of America’s card credit trends improved. The credit card NCO rate declined to 3.55% from 3.64% in the first quarter and 3.82% a year earlier. Bank of America also reported improvement in both early- and late-stage delinquencies for the fifth consecutive quarter on a year-over-year basis, indicating continued normalization in card credit quality.
Citigroup’s card credit trends also improved. U.S. Consumer Cards net credit losses were $1.85 billion, roughly flat year over year, while provision fell to $1.6 billion as portfolio quality improved. Citigroup witnessed better-than-expected credit performance across its resilient customer base.
JPMorgan’s Price Performance, Valuation and EstimatesJPM’s shares have gained 14.8% over the past three months.
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From a valuation standpoint, JPMorgan trades at a 12-month trailing price-to-tangible book (P/TB) of 3.28X, below the industry average.
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The Zacks Consensus Estimate for JPMorgan's 2026 earnings suggests a 22.6% rise on a year-over-year basis, while 2027 earnings are expected to grow at a rate of 0.3%. In the past month, earnings estimates for 2026 have been revised marginally lower to $24.93. For 2027, estimates have moved upward to $25.02.
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JPMorgan currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
FDA odložila lhůtu pro rozhodnutí o Deramiocel od Capricor Therapeutics z 22. srpna 2026 na 22. listopadu 2026. Důvodem je přezkum doplněných dat z fáze 3 studie HOPE-3.
– New PDUFA target action date of November 22, 2026 follows submission of additional Phase 3 HOPE-3 data and analyses supporting a refined proposed indication –
SAN DIEGO, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Capricor Therapeutics (NASDAQ: CAPR), a biotechnology company developing transformative cell and exosome-based therapeutics for the treatment of rare diseases, today announced that the U.S. Food and Drug Administration (FDA) has extended the Prescription Drug User Fee Act (PDUFA) target action date for its Biologics License Application (BLA) for Deramiocel, an investigational cell therapy for Duchenne muscular dystrophy (DMD), from August 22, 2026 to November 22, 2026.
As part of its ongoing discussions with the FDA following the July 2026 Advisory Committee meeting, Capricor submitted an amendment to the BLA that includes 24-month open-label extension data from its pivotal Phase 3 HOPE-3 study and additional robustness analyses, with a request that the FDA review the existing and new data in support of a refined proposed indication focused on upper limb function, the primary endpoint of HOPE-3. The FDA's Center for Biologics Evaluation and Research (CBER) accepted the amendment for review, citing the significant unmet medical need in DMD. The FDA has classified the submission as a major amendment and extended the PDUFA target action date by three months to allow additional time to review the information.
“With an additional year of follow-up from HOPE-3, we now have one of the most extensive clinical datasets evaluating upper limb function in Duchenne,” said Linda Marbán, Ph.D., Chief Executive Officer of Capricor. “HOPE-3 met its primary endpoint, demonstrating a statistically significant benefit in upper limb function, and we believe the additional open-label data and further analyses included in the amendment strengthen the evidence supporting a refined proposed indication. We appreciate the FDA’s continued engagement and look forward to working constructively with the agency as it completes its review.”
Marbán continued, “The powerful testimony shared by patients, families and clinicians at the July Advisory Committee meeting underscored the importance of preserving upper limb function and the independence it provides for people living with Duchenne. In a progressive disease where function, once lost, cannot be recovered, we believe preservation of upper limb function has the potential to translate into meaningful differences in patients' independence and daily lives. That impact reinforces the urgency of our work and our commitment to bringing Deramiocel to the Duchenne community as soon as possible.”
About Duchenne Muscular Dystrophy
Duchenne Muscular Dystrophy (DMD) is a severe, X-linked genetic disorder characterized by progressive muscle degeneration affecting the skeletal, respiratory, and cardiac muscles. It is caused by the absence of functional dystrophin, a key structural protein in muscle cells. DMD affects approximately 15,000 individuals in the United States and primarily impacts boys. Over time, deterioration of the heart muscle leads to cardiomyopathy and heart failure, which is the leading cause of death in DMD. There is no cure, and treatment options remain limited.
About Deramiocel
Deramiocel (CAP-1002) consists of allogeneic cardiosphere-derived cells (CDCs), a rare population of cardiac cells that have been shown in preclinical and clinical studies to exert immunomodulatory and anti-fibrotic actions in the preservation of skeletal and cardiac muscle function in muscular dystrophies such as DMD. CDCs act by secreting extracellular vesicles known as exosomes, which target macrophages and alter their expression profile to adopt a healing rather than pro-inflammatory phenotype. For the treatment of DMD, Deramiocel holds Orphan Drug, RMAT and Rare Pediatric Disease designations in the U.S., and Orphan Drug and ATMP designations in Europe. The Rare Pediatric Disease Designation may qualify Capricor for a Priority Review Voucher upon approval.
About Capricor Therapeutics
Capricor Therapeutics (NASDAQ: CAPR) is a biotechnology company dedicated to advancing cell and exosome-based therapeutics for the treatment of rare diseases. Our lead product candidate, Deramiocel, is an allogeneic cardiac-derived cell therapy in late-stage development for Duchenne muscular dystrophy (DMD), evaluated in clinical studies for its potential to preserve skeletal and cardiac muscle function. Capricor is also advancing its proprietary StealthX™ exosome platform for the targeted delivery of oligonucleotides, proteins, and small-molecule therapeutics across a range of diseases. At Capricor, we are committed to delivering new therapies for patients with rare diseases. For more information, visit capricor.com and follow Capricor on Facebook, Instagram and X.
Statements in this press release regarding the efficacy, safety, and intended utilization of Capricor’s product candidates; the initiation, conduct, size, timing and results of clinical trials; the pace of enrollment of clinical trials; plans regarding regulatory filings, future research and clinical trials; regulatory developments involving products, including future interactions with regulatory authorities and the ability to obtain regulatory approvals or otherwise bring products to market; manufacturing capabilities; dates for regulatory meetings; the potential that required regulatory inspections may be delayed or not be successful which would delay or prevent product approval, revenue and reimbursement estimates, projected terms of definitive agreements, our financial position, our possible uses of existing cash and investment resources; results of securities litigation; and statements regarding our litigation with Nippon Shinyaku Co., Ltd. and NS Pharma, Inc., including the nature of the dispute, our expectations regarding any legal proceedings, and our ability to commercialize Deramiocel independent of our existing distribution agreement and any other statements about Capricor’s management team’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “could,” “anticipates,” “expects,” “estimates,” “should,” “target,” “will,” “would” and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements. More information about these and other risks that may impact Capricor’s business is set forth in Capricor’s Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the Securities and Exchange Commission on March 17, 2026 and in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, as filed with the Securities and Exchange Commission on August 14, 2026. All forward-looking statements in this press release are based on information available to Capricor as of the date hereof, and Capricor assumes no obligation to update these forward-looking statements.
Deramiocel and the StealthX™ vaccine are investigational candidates and have not been approved for commercial use in any indication.
Berkshire Hathaway ve 2. čtvrtletí zvýšila podíl v Delta Air Lines na 57,3 milionu akcií v hodnotě 5,368 miliardy USD. Delta zároveň potvrdila výhled upraveného EPS na 6,50 až 7,50 USD pro FY 2026.
Berkshire Hathaway (NYSE:BRK-B | BRK-B Price Prediction) CEO Greg Abel added 17,510,544 shares of Delta Air Lines (NYSE:DAL) during the second quarter of 2026, lifting Berkshire’s stake to 57,320,000 shares valued at $5,368,591,200 as of June 30, 2026, per the 13F filed August 14, 2026. Delta was Berkshire’s largest add of the quarter after Alphabet, and the only airline in the portfolio.
The size of the bet is the story. Berkshire disclosed a new Delta position of 39,809,456 shares worth roughly $2.65 billion in Q1 2026. One quarter later, Abel raised it by 44%. Same period, Berkshire exited Constellation Brands entirely and trimmed Bank of America, Capital One, Nucor, Kroger, DaVita and Ally. Abel has said nothing publicly about the trade, so any thesis has to be inferred from the filings and from Delta’s own disclosures.
Why This Reversal Matters In his 2007 shareholder letter, Warren Buffett laid out one of his most quoted verdicts on the industry: “The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines.” He added that “investors have poured money into a bottomless pit, attracted by growth when they should have been repelled by it,” and joked that “if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.”
Buffett called his 1989 USAir preferred a mistake, bought stakes in the big four US carriers in 2016, and sold all of them at a multibillion-dollar loss in May 2020. Buffett stepped down as CEO. His literal successor just re-entered the sector with a bigger check.
What Changed About Delta The Delta on Abel’s book looks very different from the commodity carrier Buffett described. In the June quarter, diversified, high-margin revenue streams accounted for 61% of total revenue. Premium product revenue rose 17%, loyalty program revenue rose 19%, and American Express remuneration reached $2.4 billion, up 16%. Delta expects $9 billion in Amex remuneration this year and roughly $1.2 billion of Delta TechOps revenue, up nearly 50%. Add cargo and the Monroe Energy refinery, and the earnings base looks less like a legacy airline and more like a branded consumer platform with a flying operation attached.
CEO Ed Bastian’s framing is deliberate: “We’re no longer competing on price as much as we’re competing on value and experience and service.” Management affirmed FY 2026 adjusted EPS of $6.50 to $7.50 and free cash flow of $3 to $4 billion, absorbing record quarterly fuel costs of $4.41 billion. While Berkshire was buying, Delta declared a dividend increase to $0.215 per share from $0.1875 on June 18, 2026.
Should Retirement Investors Follow The stock has run: up 44.02% over the past year and 19.66% year to date, though shares have slipped 7.77% over the past week to $82.41. Forward P/E sits at 13, with an analyst target of $105.31. Fuel and cyclicality remain real risks, and a 13F is a point-in-time snapshot as of June 30, 2026, not a statement of what Berkshire owns today (if you like borrowing Berkshire’s homework, we ranked the seven cheapest dividend payers still on its book in a free report here). The signal worth taking is analytical: Abel bought a diversified, brand-driven Delta with premium, loyalty, and Amex-linked revenue streams that did not exist in the commodity airline Buffett once rejected. If that thesis holds through the next fuel cycle, following the trade is defensible. Copying it blindly is not.
Contact [email protected] for any questions or corrections.
ExxonMobil čeká, že volný cash flow v Guyaně bude v roce 2030 zhruba dvojnásobný oproti roku 2025. Páté FPSO má zahájit produkci ve 4. čtvrtletí 2026 a přidat 250 000 barelů denně.
Key Takeaways XOM's fifth Guyana FPSO is on track for production in Q4 2026, adding 250,000 Bbl/d of capacity.XOM is advancing a potential ninth FPSO for 2031, while AI exploration identified four more opportunities.XOM's Guyana free cash flow is expected to double by 2030, supported by production growth and capital savings. ExxonMobil Holdings Corporation (XOM - Free Report) is an energy giant with major upstream operations in the Permian Basin, the most prolific basin in the United States and offshore Guyana’s Stabroek Block. Both the Permian and Guyana are among the company’s advantaged assets, supporting stronger unit profitability and long-term production growth. In Guyana, XOM expects free cash flow in 2030 to be about twice the 2025 level, while investment recovery has accelerated by roughly two years, excluding price effects. The improvement was driven by higher-than-expected production and capital spending savings relative to funding commitments.
The cash-flow outlook is supported by continued production expansion in Guyana. ExxonMobil’s fifth floating production storage and offloading (FPSO) is on track to begin production in the fourth quarter of 2026, adding 250,000 barrels per day (Bbl/d) of capacity. The company is progressing a ninth FPSO toward a 2031 startup, while artificial intelligence (AI)-powered exploration has identified four additional opportunities. Meanwhile, the first four FPSOs are producing roughly 100,000 barrels per day above their investment basis, with year-to-date reliability at 98%.
XOM and its co-venturers have invested more than $55 billion in Guyana exploration and development since 2014, with cost recovery capped at 75% of production. Guyana receives a 2% royalty, while the remaining production is shared equally between the country and the co-venturers. Although ExxonMobil expects Guyana net entitlement to decline by about 100,000 barrels per day in the third quarter, its 2030 upstream production guidance remains unchanged, supporting the longer-term cash-flow growth outlook.
Other Guyana-Exposed Energy CompaniesChevron Corporation (CVX - Free Report) has direct exposure to Guyana through its 30% interest in the ExxonMobil-operated Stabroek Block, acquired with Hess, giving the company access to one of the industry’s major long-term production growth areas. As additional Guyana developments and FPSOs come online, Chevron expects the asset to extend high-margin oil growth into the 2030s. Thus, rising Stabroek production should make Guyana an increasingly important production and cash-flow contributor for CVX, although future benefits will remain sensitive to commodity prices and project execution.
TechnipFMC plc (FTI - Free Report) is another energy company exposed to Guyana’s expansion through subsea work supporting ExxonMobil’s Stabroek developments. As XOM and its partners continue developing additional Guyana resources, FTI is expected to see sustained demand for its subsea equipment, engineering and integrated project capabilities, allowing the company to participate indirectly in Guyana’s expanding production and cash-flow ecosystem.
Overall, Guyana’s expanding offshore development should not only strengthen ExxonMobil’s cash-flow potential but also provide Chevron with growing production exposure and TechnipFMC with continued subsea project opportunities as the basin moves through its next phase of development.
XOM’s Price Performance, Valuation & EstimatesExxonMobil shares have risen 47.8% over the past year compared with the industry’s 42% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, XOM trades at a trailing 12-month enterprise-value-to-EBITDA (EV/EBITDA) of 9.21X. This is above the broader industry average of 5.79X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for XOM's full-year 2026 earnings has remained constant over the past seven days. Meanwhile, estimates for third-quarter and fourth-quarter 2026 earnings have seen upward revisions.
Image Source: Zacks Investment Research
XOM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Americký regulátor zesiluje kontrolu brzdových problémů u elektromobilů GM po stovkách incidentů, více než 20 nehodách či požárech a nejméně šesti zraněních. Mohlo by být dotčeno přes 1 milion vozů.
General Motors electric vehicles, including ones built in partnership with Honda, are now facing increased scrutiny from the top U.S. auto safety regulator after hundreds of incidents, more than 20 crashes or fires, and at least six injuries.
The brake problems also extend to some non-EV models, including the Chevy Colorado, GMC Canyon, and the Buick Enclave and Envision. More than 1 million vehicles may be affected.
The National Highway Traffic Safety Administration (NHTSA) first started its investigation in April 2024 after reports of trouble from owners of 2023 model year Cadillac Lyriq vehicles. The agency’s Office of Defects Investigation (ODI) said Monday that it was upgrading this probe to what’s known as an “engineering analysis.” That’s the highest level of investigation that ODI performs, and is often a step the office takes before telling a company to issue a recall.
The initial complaints ODI received two years ago typically involved owners describing receiving a “Brake System Failure” message when starting up the vehicle, or after coming to a complete stop. GM performed “several internal investigations” into the issue, according to ODI, and determined that the problem was linked to fractures in the spindle of its “eBoost” brake-by-wire system.
But ODI said on Monday that it kept receiving reports of a loss of braking assistance that were “inconsistent with GM’s description of a spindle failure.” The additional reports described an “immediate loss of brake assist” while a customer was in the process of braking to slow their car down, which the safety regulator said “could result in extended braking distance, which increases the risk of a crash or injury.” ODI said it needs to do a further analysis of the potential for failures in the eBoost system.
The eBoost system was introduced in 2019 and gradually rolled out to more models over the years. The system ditches a traditional mechanical link between the brake pedal and the braking system, opting for an electronic one instead. This allows GM to change the brake “feel” in different driving modes. The automaker put eBoost on its most popular EVs, like the Blazer EV, Equinox EV, Cadillac Lyriq, and the Honda Prologue and Acura ZDX, which it made with Honda in a joint venture. The Cruise Origin — the purpose-built electric autonomous vehicle with no steering wheel or pedals, which GM abandoned in 2024 — also used eBoost.
In one crash reported to NHTSA, the driver of a 2025 Lyriq said they lost their brakes while trying to pull into a parking space in front of the store. The vehicle drove over the curb and crashed through the store front, coming to rest “mid-way in the store, amidst the furniture and store structure,” according to the driver.
In another, the driver of a 2024 Blazer EV said they had to “deliberately steer the vehicle into a concrete curb” to slow it down and avoid a “catastrophic intersection collision.”
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Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
You can contact or verify outreach from Sean by emailing [email protected] or via encrypted message at okane.01 on Signal.
Qualcomm ve fiskálním 3. čtvrtletí zvýšil tržby na 9,947 miliardy USD, ale non-GAAP EPS 2,21 USD mírně zaostal za odhady. Tržby z mobilních telefonů klesly meziročně o 20 %, zatímco automotive vzrostl o 61 % na 1,588 miliardy USD.
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Wall Street prices Qualcomm (NASDAQ: QCOM | QCOM Price Prediction) like a handset company facing a slow Apple exit. Our model sees a diversified semiconductor platform with a credible path into the data center, priced at a discount to its earnings power.
The 24/7 Wall St. price target for Qualcomm is $226.05 over the next 12 months, implying 41.14% upside from the current $160.61 quote. Our recommendation is buy, with a high confidence level of 90%.
24/7 Wall St. Price Target Summary Metric Value Current Price $160.61 24/7 Wall St. Price Target $226.05 Upside 41.14% Recommendation BUY Confidence Level 90% A Rough Stretch With a Sharper Story Underneath QCOM shares are down 2.46% over the past week, 7.35% over the past month, and 5.06% year to date, well off the $258.96 52-week high.
Fiscal Q3 revenue of $9.947 billion beat consensus by roughly 2.84%, but non-GAAP EPS of $2.21 narrowly missed expectations, ending a six-quarter beat streak. Handset revenue fell 20% year over year, while automotive rose 61% to $1.588 billion. That mix shift is the story the market is under-pricing.
Why Bulls See a Breakout Ahead The bull thesis centers on non-handset revenue. CEO Cristiano Amon said Qualcomm is targeting “total non-handset revenues growing to $40 billion by fiscal 2029, nearly double the target we shared in November 2024”, with growth accelerating from 24% in fiscal 2026 to greater than 60% in fiscal 2027.
Data center alone is projected to scale from $5 billion in fiscal 2027 to $15 billion in fiscal 2029, backed by two hyperscaler custom silicon wins already in wafer production with revenue starting the December quarter (the same data-center buildout we mapped across seven non-chipmaker suppliers in a free AI infrastructure report).
HBC Gen 1 has taped out, with a first solution launch targeted for mid-2027. Our bull case forecast points to $243.69, a 52.16% total return.
What Could Go Wrong Apple product revenue is expected to fall roughly 50% from September to December quarter, with fiscal 2027 share landing materially below the prior 20% assumption. Operating income fell 41.13% year over year in Q3 amid broad-based increases in wafer, packaging, and memory costs.
Management expects planned double-digit price increases to restore gross margin to the historical 48% to 50% range. The margin decline reflects heavy investment in the data center roadmap that our model rewards. Our bear case still lands at $191.05, a 19.29% gain from here.
How Qualcomm Compares to Broadcom and Marvell Broadcom (NASDAQ: AVGO) is the incumbent in hyperscaler custom silicon and sets the valuation ceiling. AVGO trades at a rich multiple relative to QCOM’s forward P/E of 16, framing how much re-rating room Qualcomm has if its two hyperscaler wins scale as guided.
Marvell Technology (NASDAQ: MRVL) competes head-on for custom ASIC and networking sockets at the same hyperscalers Qualcomm just landed. Marvell already carries an AI premium; Qualcomm trades near 18x trailing earnings with an EV/EBITDA of 13. On the same data center opportunity, Qualcomm looks meaningfully cheaper, making our 24/7 Wall St. price target of $226.05 reasonable rather than aggressive.
Qualcomm Price Prediction 2026-2030 Buy, with high confidence. The 24/7 Wall St. price target of $226.05 rests on a forward multiple that is not demanding, a genuine data center inflection in fiscal 2027, and record automotive momentum.
The setup strengthens if fiscal Q4 confirms pricing-driven margin recovery and the December-quarter custom silicon ramp lands on schedule. The thesis weakens if handset weakness deepens beyond the guided low-teens fiscal-year decline or if HBC customer engagements slip past mid-2027.
Year 24/7 Wall St. Price Target 2026 $180.11 2027 $226.05 2028 $282.29 2029 $345.81 2030 $382.57 These projections assume Qualcomm executes on the $40 billion non-handset revenue target. Significant upside or downside could come from the pace of hyperscaler custom silicon ramps and the trajectory of memory and wafer input costs.
Contact [email protected] for any questions or corrections.
Moderna po středečním oznámení o pozitivních výsledcích fáze 3 u personalizované mRNA vakcíny proti rakovině vyskočila o více než 120 % v jedné seanci. V pondělí akcie klesaly o 6,49 %.
Shares of Moderna Inc. (NASDAQ:MRNA) are trading lower Monday morning, taking a breather following a multi-day surge driven by clinical trial success.
Moderna stock is trading near recent highs. What’s next for MRNA stock? Phase 3 Trial Success Validates mRNA Oncology PlatformThe major catalyst arrived last week, when Moderna and development partner Merck & Co. announced positive topline results from their Phase 3 INTerpath-001 trial. The study evaluated intismeran autogene, an experimental individualized mRNA cancer vaccine, in combination with Merck’s Keytruda for patients with high-risk Stage IIB-IV melanoma.
The trial met its primary endpoint of recurrence-free survival and key secondary endpoint of distant metastasis-free survival, demonstrating that the combination therapy significantly extended the time patients lived without cancer returning compared to Keytruda alone.
The successful readout represents the first positive Phase 3 trial result for a personalized mRNA cancer vaccine, providing a landmark proof-of-concept for Moderna’s platform beyond COVID-19 and respiratory treatments.
Following the Wednesday announcement, Moderna’s stock surged over 120% in a single trading session, sparking a wave of Wall Street analyst upgrades and adding tens of billions in market capitalization.
MRNA Shares Slide Monday MorningMRNA Price Action: Moderna shares were trading lower by 6.49% at $135.71 at the time of publication on Monday, according to Benzinga Pro data.
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Synopsys čeká za 3. fiskální čtvrtletí tržby 2,41–2,46 miliardy USD, což by znamenalo růst o 40 % meziročně. Tahounem má být poptávka po AI čipech, brzdou slabé průmyslové a automobilové zakázky i omezení v Číně.
Key Takeaways Synopsys expects Q3 revenues of $2.41-$2.46 billion, with the consensus estimate implying 40% growth.AI chip complexity is driving demand for EDA, verification, simulation and advanced 3DIC design solutions.Weak industrial and automotive design starts, along with China restrictions, could weigh on SNPS' Q3 results. Synopsys (SNPS - Free Report) is scheduled to report third-quarter fiscal 2026 results on Aug. 26, 2026, after market close.
Synopsys expects non-GAAP earnings per share between $3.63 and $3.69. The Zacks Consensus Estimate for fiscal third-quarter earnings is pinned at $3.67 per share, which indicates a year-over-year increase of 8.3%.
The company anticipates revenues between $2.41 billion and $2.46 billion for the fiscal third quarter. The Zacks Consensus Estimate is pegged at $2.44 billion, which suggests a rise of 40% from the year-ago period's reported figure.
In the trailing four quarters, SNPS’ earnings surpassed the Zacks Consensus Estimate thrice while missing the same on one occasion, with an average surprise of 0.9%.
Factors Influencing Synopsys’ Q3 ResultsSynopsys’ fiscal third-quarter performance is likely to have benefited from continued AI-driven demand for semiconductor design and engineering solutions. Management noted that AI is increasing chip complexity, architectural diversity and system-level design requirements, driving demand across EDA, IP, hardware-assisted verification and simulation. Strong AI semiconductor activity, including increased design starts among semiconductor companies and hyperscalers developing their own chips, is expected to have supported SNPS’ top-line growth in the to-be-reported quarter.
Strength in the Design Automation business is likely to have remained a key driver in the third quarter of fiscal 2026. The company continues to see strong demand for advanced-node and 3DIC solutions, while hardware-assisted verification is benefiting from hyperscalers and leading semiconductor customers scaling emulation and prototyping for increasingly complex AI designs. The growing adoption of multi-die and chiplet architectures, along with Synopsys’ leadership in 3DIC design, is expected to aid its third-quarter results.
The Ansys business is also likely to have supported SNPS’ fiscal third-quarter performance. Management noted continued demand for system-level digital engineering and physics-based simulation, with AI data center build-outs driving demand for simulation solutions beyond semiconductors. Growth in aerospace and defense, automotive and industrial applications is also supporting Ansys, particularly as customers increasingly use simulation for complex and intelligent systems, which is likely to have driven SNPS’ top-line growth in the fiscal third quarter.
The Design IP business is expected to have shown sequential improvement in the fiscal third quarter. Management expects sequential growth in the Design IP business throughout the second half of fiscal 2026. Strong demand for high-speed interconnect IP, including PCIe 7.0 and UCIe, as well as memory IP for hyperscalers and AI companies, is likely to aid its third-quarter results.
However, weak design-start activity in industrial and automotive markets might have remained a headwind in the fiscal third quarter. Management said that while customers in these markets are reporting stronger revenue trends, design starts remain muted compared with AI-related activity. China is another concern, as the design-start environment remains challenging due to ongoing restrictions and their cumulative impact. Management has maintained a cautious outlook for China, which might have posed an investor concern in the to-be-reported quarter.
What Our Model Says About SNPSOur proven model does not conclusively predict an earnings beat for SNPS this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That’s the exact case here.
SNPS has an Earnings ESP of +0.35% and carries a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to ConsiderHere are some other companies worth considering, as our model shows that these, too, have the right combination of elements to beat on earnings in their upcoming releases:
Dell Technologies (DELL - Free Report) has an Earnings ESP of +6.42% and carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dell Technologies is slated to report second-quarter fiscal 2027 results on Sept. 1. The Zacks Consensus Estimate for DELL’s second-quarter earnings is pegged at $4.88 per share, down by a penny over the past 30 days, indicating a rise of 110.3% from the year-ago quarter’s reported figure.
Hewlett Packard (HPE - Free Report) has an Earnings ESP of +9.96% and carries a Zacks Rank #2 at present.
Hewlett Packard is set to report third-quarter fiscal 2026 results on Sept. 2. The Zacks Consensus Estimate for HPE’s third-quarter earnings is pegged at 94 cents per share, up by a penny over the past 30 days, indicating a rise of 113.6% from the year-ago quarter’s reported figure.
NVIDIA (NVDA - Free Report) has an Earnings ESP of +0.92% and carries a Zacks Rank #3 at present.
NVIDIA is set to report second-quarter fiscal 2027 results on Aug. 26. The Zacks Consensus Estimate for NVDA’s second-quarter earnings is pegged at $2.09 per share, unchanged over the past 30 days, indicating a rise of 99.1% from the year-ago quarter’s reported figure.
Micron spouští Micron Research Labs a do výzkumu pamětí pro AI investuje 10 miliard USD. Firma tvrdí, že paměť už není komodita, ale strategická infrastruktura pro AI.
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Sanjay Mehrotra used a CNBC appearance from Boise last Thursday to unveil Micron Research Labs, a $10 billion investment in basic research aimed at next-generation AI memory. He framed it with a claim investors should take seriously and interrogate carefully: “Memory is no longer a component in a system. Memory is the strategic infrastructure for AI. It’s no longer a commodity. It is a high value.”
That is a large statement from a company whose stock has historically traded as a cyclical. Shares of Micron Technology (NASDAQ:MU | MU Price Prediction) closed at $974.33 on Thursday, up 241.59% year to date and 732.62% over the trailing year. The market has already accepted the reframing.
The question worth asking is whether the reframing survives the next downcycle, because a business that has escaped commodity dynamics does not see margins collapse when supply catches up with demand. Mehrotra is partly right, and the distinction matters enormously for valuation. High bandwidth memory is increasingly a contracted, designed-in product, although commodity DRAM and NAND still clear at cyclical prices.
What Mehrotra Actually Announced in Boise Micron Research Labs will be headquartered in Boise with satellite campuses globally, and Mehrotra drew an explicit parallel to Bell Labs. The pitch is that Micron will convene customers, universities and startups around the memory hierarchy the AI era requires.
He backed the framing with a claim about scale, noting that Micron holds over 62,000 patents. The company also announced the lab in a press release that same day, positioning it as an anchor of American semiconductor leadership.
On CNBC, Mehrotra tied the effort directly to system architecture: “Without memory, you cannot make AI smarter. You cannot make AI faster. You cannot scale up AI.” He argued the point applies across the stack, “from high bandwidth memory to DRAM to SSDs.”
The $10 billion figure signals which business Micron intends to be judged on. Basic research is what you fund when differentiation is expected to be technical rather than cost-driven, and Micron is telling investors to price it accordingly. Seeking Alpha reported the labs disclosure the same day Mehrotra sat with Cramer.
Why the “Not a Commodity” Claim Is Partly True Micron has signed 16 Strategic Customer Agreements, most of which run for five years from calendar 2026 through the end of calendar 2030. They are structured as take-or-pay contracts with binding volumes.
Fourteen of those agreements have cumulative revenue at minimum prices of approximately $100 billion over the remaining term of the agreements. Together, the signed deals cover roughly 20% of Micron’s DRAM volume and a third of its NAND volume.
The largest include price bands with floors that Mehrotra said would deliver “a very robust gross margin for Micron, well above our peak quarterly margins in any past cycle.” That is a real structural change if it holds. Fiscal Q3 already showed the direction, with $41.46 billion in revenue and a non-GAAP gross margin of 84.9%, disclosed in the Q3 press release filed with the SEC.
The part that remains commodity is the part not under contract. Even after every planned agreement is executed, only approximately 40% of revenue will be at fixed prices or ceilings near current market levels, leaving a large book of DRAM and NAND exposed to the cycle.
Real Test Comes in the Next Downturn The market is signaling it half-believes the reframing. Micron trades at a trailing PE of 21x but only a forward PE of 6x, which is the multiple you assign a company you expect to earn less next year, not more.
Mehrotra argues the setup is durable, telling investors on the June call that “We expect tight conditions to persist beyond calendar 2027 as a result of AI-driven demand across all segments coupled with structural supply constraints.” He also warned of “a meaningful moderation in the rate of price increases” in the fiscal Q4 gross margin outlook.
Retail chatter on Reddit has flagged that memory prices are pressuring non-AI devices, with June China smartphone shipments down 17% year over year, which is exactly what a demand pull-forward looks like when it starts to bite. Insider filings show Mehrotra himself recorded dispositions across May, June and July at prices ranging from about $907 to $1,192.
A re-rating to a durably higher multiple is justified only if the SCA book proves it can hold floor pricing through a supply-normalization phase Micron has not yet faced. Until then, the $10 billion for Micron Research Labs is a credible bet that the differentiated slice of memory keeps growing faster than the commodity slice shrinks, which is a defensible thesis rather than a settled one.
Contact [email protected] for any questions or corrections.
FTC a pět států uzavřely se Zillow dohodu, která ukončuje spor o údajnou platbu 100 milionů USD Redfin za omezení konkurence v pronájmech bytů. Redfin má do šesti měsíců obnovit vlastní reklamní podnikání.
The U.S. Federal Trade Commission and a group of states settled with Zillow (ZG.O) ahead of trial on Monday, ending claims the online real estate platform illegally paid Rocket Companies' (RKT.N) Redfin $100 million to stop competing in apartment rental listings.
The FTC and five states were ready to argue at trial scheduled to start Monday that the Zillow-Redfin partnership drove up costs for landlords and decreased listing quality for renters. More than 30% of Americans rent their homes, according to census data.
Under the settlement, Redfin can continue to display Zillow ads on its sites but will resume its rental advertising business within six months, the FTC and states said.
While Democratic state attorneys general have clashed with the Trump administration on other matters, both the FTC and the states called the settlement a win.
New York Attorney General Letitia James said the lawsuit restored competition in online listing platforms, "critical tools that New Yorkers rely on to find affordable homes."
Virginia, Arizona, Connecticut and Washington were also plaintiffs.
FTC Chair Andrew Ferguson said the settlement will provide competition in rental markets that is "an integral component of President Donald Trump’s domestic housing agenda."
A Redfin spokesperson said the settlement allows the company to maintain its partnership with Zillow through at least 2030 while building its own rentals business.
Zillow rentals executive Michael Sherman said the settlement is positive and "enables us to keep our energy on innovating for renters and property managers."
Zillow and Redfin made a deal in February 2025: Redfin would wind down its rental listing business, refer its customers to Zillow, and display copies of Zillow's listings on its site. Redfin agreed to stay out of the business for up to nine years.
In return, Zillow agreed to pay Redfin $100 million, plus fees for each renter who signaled interest in a property.
The FTC sued the companies, as did New York, Virginia, Arizona, Connecticut and Washington. They said that before the deal, Zillow and Redfin were competing to list vacancies in buildings with more than 25 units.
After Redfin stopped competing, Zillow customers paid an average of 14.5% more per listing, an expert for the FTC and states estimated, while some property managers stopped buying online listings.
Zillow had said in court papers that the deal put more listings on both sites and helped it compete with market leader CoStar Group (CSGP.O). Exclusive deals are common in the industry, Zillow had said.
Collins Aerospace, součást RTX, úspěšně dokončila výškové testy systému EPACS pro řízení výkonu a tepla. Technologie má zvýšit chladicí kapacitu pro F-35 a budoucí letadla.
Technology will deliver greater cooling capacity to support advanced mission systems on the F-35 and future defense and commercial aircraft.
, /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, successfully completed altitude testing of its next generation Power and Thermal Management System (PTMS), the Enhanced Power and Cooling System (EPACS).
Designed to enhance the F-35's power and thermal management, the EPACS system delivers significantly increased cooling capacity to meet the demands of today and tomorrow. By providing the critical thermal margin required to support planned technology upgrades, EPACS ensures the F-35 remains at the cutting edge of performance throughout its entire lifecycle.
"Successful altitude testing validates system performance in real-world flight conditions," says Ira Grimmett, vice president, Environmental & Airframe Control Systems for Power & Controls at Collins Aerospace. "Completing this phase of testing advances EPACS maturity and reinforces confidence in the system's capability and performance."
Altitude testing is a critical element of early development and risk reduction for a new PTMS. The system was run for several days at power levels replicating mission requirements. It was pushed to operational limits in various altitudes to collect performance data and demonstrate that EPACS can deliver the emergency power expected during operation. This test validates system performance models.
This latest milestone follows Collins' announcement in 2025 that EPACS met requirements for aircraft integration.
About Collins Aerospace
Collins Aerospace, an RTX business, is a leader in integrated and intelligent solutions for the global aerospace and defense industry. Our 80,000 employees are dedicated to delivering future-focused technologies to advance sustainable and connected aviation, passenger safety and comfort, mission success, space exploration, and more.
About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
For questions or to schedule an interview, please contact [email protected].
SummaryBroadcom expects AI semiconductor revenue to jump from about $56 billion in fiscal 2026 to more than $100 billion in fiscal 2027.Broadcom may backstop up to $29 billion of customer lease payments in its first AI financing structure, compared with $10.262 billion of fiscal Q2 free cash flow.Per Bloomberg, Broadcom is reportedly discussing more than $60 billion of AI debt for Anthropic and others, including $30 billion junior and $60-70 billion senior, partly guaranteed by Broadcom.Google signed Broadcom through as late as 2031, then gave Marvell a deal whose warrant can fully vest after $120 billion of qualifying purchases.Despite the above, I'm not bearish on this name. But I don't see enough upside from a momentum perspective, so I downgrade to a hold. Sundry Photography/iStock Editorial via Getty Images
Broadcom Inc. (AVGO) is about to report Q3 earnings on September 2, and I think the focus right now is not on the print.
You probably know the big number that surrounds this
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Broadcom jedná o financování AI čipů prostřednictvím SPV s dluhem přes 60 miliard USD, potenciálně až k 70 miliardám nebo i 100 miliardám USD, přičemž by mohl ručit za expozici až 370 miliard USD do roku 2029. Bank of America to označuje za „manageable“. Broadcom už přitom nese zhruba 64,9 miliardy USD krátkodobého i dlouhodobého dluhu proti 19,63 miliardy USD v hotovosti.
On CNBC on August 21, 2026, reporter Kristina Partsinevelos laid out how Broadcom (NASDAQ:AVGO | AVGO Price Prediction) is arranging to finance the next wave of AI chip deployment without putting the debt on its own books.
She said Broadcom is in talks to raise more than $60 billion in debt, potentially reaching close to $70 billion or even $100 billion in total, using a special-purpose vehicle that buys the chips and leases them back to customers like Anthropic.
The more consequential number sits behind the headline financing. “Bank of America estimates that exposure could reach $370 billion by 2029, while calling the likely loss though manageable. It’s not alone. Nvidia is doing a similar thing on a bigger target, more than $500 billion.”
Broadcom shares closed at $368.45 on Friday, down 6.24% for the week, while NVIDIA (NASDAQ:NVDA) closed at $214.72. Both stocks have sold off this week as the market digests the financing structure.
What a Guarantee Actually Obligates Broadcom to Do A special purpose vehicle is a separate legal entity created for one job, in this case buying chips and leasing them to an AI lab. The borrowing is within the SPV, so Broadcom’s audited liabilities do not include it.
Partsinevelos described it clearly: “The debt doesn’t necessarily land on Broadcom’s balance sheet. A separate entity raises the money, an SPV buys the chips, and then leases it back to the customer. Broadcom’s job is to guarantee part of that debt, and that guarantee is where the risk sits.”
A guarantee is a promise to pay if someone else cannot. “Broadcom isn’t lending the money yet. It’s on the hook if customers can’t pay down the line.”
Broadcom already carries roughly $64.9 billion in short plus long-term debt against $19.63 billion in cash, so the guaranteed exposure would sit atop a balance sheet already levered by the VMware acquisition.
Why “Manageable” Depends Entirely on Correlation Bank of America’s word “manageable” is doing a lot of work, because a guarantee is manageable in exactly the conditions where it is unlikely to be called, and unmanageable in the one scenario where it would be.
If AI demand keeps compounding, lease payments arrive on time, the SPV services its debt, and Broadcom never writes a check. Hock Tan has said visibility runs through 2028, and AI bookings last quarter exceeded $30 billion, with $10.8 billion shipped.
The problem is what Partsinevelos flagged at the end: “While compute is scarce, the question is what happens the day the industry just builds too much, when there’s no one left to lease to, and the guarantees actually come due at once.”
Because NVIDIA is running the same playbook at a larger scale, the risk is correlated across the industry rather than diversified across unrelated borrowers. One AI demand shock would hit every guarantor simultaneously, which stretches the ordinary meaning of “manageable” in credit analysis, and it is the exact setup our free bubble survivor’s handbook is built around: how to ride the mania while planning the exit.
Does Hock Tan’s Pushback Hold Up Tan has resisted the backstop framing, telling analysts on the June 3, 2026 call that Broadcom is “creating the AI XPV platform with Apollo and Blackstone and other leading investors to deploy more than 20 gigawatts of compute capacity through 2028” and that the first tranche is $35 billion.
His argument is that partnering with the strongest balance sheets around is not the same as guaranteeing a customer’s loan, and it is true that Apollo and Blackstone bring capital Broadcom would otherwise supply itself. That part is fair.
The pushback is weaker on the guarantee itself, which is disclosed in the 8-K filed on June 3, 2026, as material, and appears in the risk factors under “significant indebtedness requiring substantial cash flow for debt service.” An obligation you promise to honor is an obligation, regardless of which entity holds the paper.
The specific thing to watch is the credit spread on this SPV paper as new tranches price, alongside the pace of new leasing commitments. Partsinevelos noted spreads have widened in recent months, and Reddit sentiment on AVGO has flipped from a bullish 75 in early August to a bearish 38 this week, suggesting the market is beginning to price the tail risk that Bank of America is calling manageable.
Contact [email protected] for any questions or corrections.
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Coinbase Global (NASDAQ:COIN | COIN Price Prediction) currently trades at $186.49, while Bernstein analyst Gautam Chhugani carries a Street-high price target of $330 on the stock. That implies roughly 77% upside if his call plays out.
Coinbase runs the largest US crypto exchange plus subscription products, stablecoin revenue tied to USDC, the Base blockchain, and a fast-expanding derivatives and prediction markets business. The company is reinventing itself as a “everything exchange” just as core trading fees shrink.
The consensus target sits far below Bernstein’s number, meaning the bull case is real but not unanimous. Investors must decide whether the choppy tape is a setup or a warning.
A Year of Earnings Misses and Shrinking Volume Three consecutive quarterly disappointments have weighed on the stock. Q2 2026 was the worst, with EPS of -$1.36 against a -$0.2278 estimate, a surprise of -497.01%, and a $359.5 million net loss. Revenue fell 18.51% year over year to $1.22 billion.
Operationally, crypto spot volumes fell 25% quarter over quarter, crypto volatility hit multi-year lows, and Coinbase absorbed $209.5 million in losses on crypto assets held for investment, on top of a $482.4 million hit in Q1. Management disclosed a 14% headcount reduction and $52.4 million in restructuring charges.
The selloff was largely company-specific. Peers exposed to the same crypto cycle held up better, which is why COIN’s roughly 37.89% one-year decline stands out.
Why Bernstein Still Sees a Path to $330 Bernstein’s Chhugani anchors his $330 target on three pillars: structural high-margin revenue growth outside retail trading fees, an ongoing crypto liquidity supercycle tied to spot Bitcoin and Ethereum ETF flows, and regulatory clarity pushing volume from offshore venues onto compliant US rails.
Operational data supports parts of that thesis. Subscription and services revenue held at $555 million in Q2, or 48% of net revenue. Coinbase’s trading market share hit an all-time high of 10.3%, prediction markets crossed $100M annualized, and adjusted EBITDA stayed positive for the 14th consecutive quarter at $207.8 million. CFO Alesia Haas noted that new products are not cannibalizing spot and that Coinbase One subscribers are increasing their trading activity.
The broader Street is less aggressive. Consensus target sits at $194.97, with recent action skewed toward reiterations rather than upgrades. Bernstein’s number remains the outlier on the high end.
Peers Have Held Up Better Than COIN Robinhood (NASDAQ:HOOD) trades at $108.13 against an average target of $119.93, roughly 11% upside. It is down just 4.39% year to date, with coverage heavily buy-tilted at 18 Buy and 4 Strong Buy ratings.
Circle Internet Group (NYSE:CRCL) trades near $87.91 versus a $101.07 consensus target, about 15% upside, and is up 10.95% YTD. Ratings are more evenly split at 11 Buy and 12 Hold, reflecting stablecoin dependency concerns.
The largest analyst-implied upside sits with Coinbase, signaling COIN is the dislocated name within an otherwise steadier sector.
Choppy Tape, Wide Analyst Dispersion Coinbase currently trades at $186.49, down 17.53% year to date against a 12.29% gain for the S&P 500. Shares are up 25.61% over the past week on a bounce off the $139.11 52-week low.
The consensus target of $194.97 implies about 4.5% upside, while Bernstein’s $330 call implies roughly 77%. The 34-analyst panel skews positive:
Strong Buy: 3 Buy: 19 Hold: 9 Sell: 2 Strong Sell: 1 Where I Land on Coinbase Here The bull case rests on crypto volatility being closer to a floor than a ceiling and subscription, stablecoin, and derivatives revenue carrying the model through the trough. The path to Bernstein’s $330 runs through volume recovery, continued 10.3% market share gains, and roughly $600 million in annualized cost cuts hitting the bottom line.
The bear case is that crypto trading is entering a longer structural dry spell. A 3.361 beta, another $209.5 million quarter of investment losses, and a forward P/E north of 833 mean the market is paying a premium for a story that keeps missing near-term numbers.
I lean cautiously constructive. The consensus-versus-Bernstein spread is unusually wide, meaning the reward is asymmetric if the crypto cycle turns. COIN remains a high-beta name whose outcome is tied to the crypto cycle turning.
Contact [email protected] for any questions or corrections.
Strategy vytvořila nový likvidní USD Cash pool za 1,59 miliardy USD a z ATM prodeje akcií získala čistý výnos 2,01 miliardy USD. Akcie MSTR v pondělí v premarketu rostly o 2,60 %.
Shares of Strategy Inc. (NASDAQ:MSTR) are trading higher Monday, extending momentum alongside a recent, sharp recovery in spot Bitcoin (CRYPTO: BTC) prices.
Here’s what investors need to know.
Strategy shares are advancing steadily. What’s pushing MSTR stock higher? New Cash Pool And At-The-Market Sales Bolster Capital ReservesThe upward movement follows a Form 8-K SEC filing submitted Monday morning, in which the company announced the creation of “USD Cash”, a new $1.59 billion liquidity pool within its Digital Credit Capital Framework.
The designated liquidity pool was funded via the company’s at-the-market (ATM) equity offering program. Between August 17 and August 23, Strategy sold over 18.2 million shares of common stock, raising $2.01 billion in net proceeds.
Management allocated $1.59 billion to establish the flexible USD Cash account, $300 million to boost its existing USD Reserve to $5.10 billion, and $136.4 million to repurchase Strategy Variable Rate Perpetual Stretch (NASDAQ:STRC) preferred stock.
The new cash pool provides flexible capital to acquire additional Bitcoin, pay preferred dividends, service debt or fund share buybacks.
Rising Bitcoin Price Lifts Treasury Value Past Cost BasisThe capital deployment announcement coincides with renewed momentum across the digital asset market. Bitcoin prices have rebounded past $79,000 following an impressive 30% weekly run in Ethereum and strong tailwinds from last week’s White House Crypto Summit.
As of Sunday, Strategy held 840,447 Bitcoin acquired for $63.36 billion at an average purchase price of $75,385 per coin. With spot Bitcoin pushing safely past Strategy’s baseline acquisition cost, the company’s holdings, representing roughly 4% of total global Bitcoin supply, swung back into roughly $2.4 billion in paper profit.
MSTR Shares Edge Higher MondayMSTR Price Action: Strategy shares were up 2.60% at $122.35 during premarket trading on Monday, according to Benzinga Pro data.
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Xpeng varuje, že výnosy za 3. čtvrtletí budou pod odhady Wall Street kvůli sílící konkurenci na čínském trhu s auty. Akcie před zahájením obchodování klesly o 3,1 %.
Chinese EV maker Xpeng (9868.HK) forecast third-quarter revenue below Wall Street expectations on Monday, hurt by intensifying competition in the domestic auto market.
The company's U.S.-listed shares fell 3.1% in premarket trading, on course to widen this year's losses of about 40% as of Friday.
Here are some details:
Xpeng forecast third-quarter revenue between 21.7 billion yuan ($3.23 billion) and 23.4 billion yuan, below analysts' average estimate of 26.61 billion yuan, according to data compiled by LSEG.
It delivered 103,295 units in the second quarter ended June 30, within its forecast range of 100,000 to 106,000 units.
"During the second quarter of 2026, our operations remained resilient despite industry-wide cost pressures," Xpeng's Vice Chairman and Co-President Hongdi Brian Gu said.
Chinese domestic car sales have been in steady decline since late last year, as weak consumer demand and years of intense price competition have left the world's biggest auto market glutted with excess capacity, pushing automakers to step up exports and overseas expansion.
Xpeng posted second-quarter net loss attributable to ordinary shareholders of 1.34 billion yuan, far higher than estimates of a loss of 511.8 million yuan.
It also recalled 264,842 EVs as part of a broader China recall involving about 4.3 million vehicles over emergency door-release concerns.
Last month, the company launched its MONA L03, AI SUV coupe.
Separately, Xpeng's robotics unit raised more than $900 million in its first funding round, setting a record for a single private financing in China's embodied AI sector.
XPeng klesá o 7 % po slabých výnosech za 2. čtvrtletí a slabém výhledu na 3. čtvrtletí, které zastínily valuaci robotické divize nad 6,3 miliardy USD. NIO odepisuje 4 %.
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Chinese electric-vehicle ADRs are driving Monday morning’s selling. XPeng (NYSE:XPEV | XPEV Price Prediction) stock is down 7% to $11.40 after a Q2 2026 revenue miss and soft Q3 2026 outlook overshadowed a record valuation for the company’s humanoid robotics arm. Meanwhile, NIO (NYSE:NIO) stock is dropping 4% to $4.45 in sympathy with its Chinese EV peer.
Tesla (NASDAQ:TSLA) stock is sliding 2% to $354.06, a milder cut than the ADRs. Also, Lucid (NASDAQ:LCID) shares are slipping 1% to $5.46, while Rivian (NASDAQ:RIVN) stock is rising 0.7% to $17.09 against the trend. XPeng stock was down 40% year to date (YTD) through Friday’s close, extending an already brutal run.
Q2 Revenue Miss and Softer Outlook Take Center Stage XPeng reported Q2 2026 revenue of RMB19.74 billion (US$2.91 billion), up 8% year over year (YoY) and up 51.5% quarter over quarter, though below Wall Street expectations. Deliveries totaled 103,295 units, up 0.1% YoY, and gross margin expanded to 20.7% from 17.3% from a year earlier. Vehicle margin fell to 12.1% from 14.3% as XPeng absorbed a product-generation transition.
The larger issue is the Q3 guide. XPeng guided Q3 revenue to RMB21.7 billion to RMB23.4 billion against Wall Street’s RMB25.88 billion consensus per Fiscal.ai via Stocktwits, with Q3 deliveries at 115,000 to 121,000 units versus 116,007 year over year. The non-GAAP loss landed at RMB1.29 per American depositary share, wider than expected, while R&D expenses climbed 32% to RMB2.91 billion even as the cash pile held at RMB40.48 billion (US$5.97 billion) as of June 30.
IRON Draws Tencent and Alibaba Into a $6.3B Round XPeng’s robotics business raised over US$900 million at a post-money valuation above US$6.3 billion, the largest single-round private financing in China’s embodied AI industry. IDG Capital led the round, with Gaorong Ventures participating and Tencent and Alibaba (NYSE:BABA) joining as strategic investors. Notably, Alibaba stock is down 1% to $117.60 in Monday trading, though the strategic tie signals deepening Chinese-tech alignment behind physical AI.
XPeng retains controlling ownership of the robotics unit and will consolidate it in group financials. The IRON humanoid robot carries 76 degrees of freedom across the body and 21 in each hand, runs on three Turing AI chips delivering up to 2,250 TOPS, and targets mass production by the end of 2026. Initial commercial deployments are planned inside XPeng stores and campuses, with large-scale customer deliveries in China and overseas beginning in 2027.
XPeng Chairman and CEO He Xiaopeng stated, “I believe XPENG will not only build one of China’s most valuable humanoid robotics companies, but also become a global leader in physical AI.” The valuation validates the R&D spend that has weighed on near-term earnings. Yet, the market is treating today’s action as an auto-margin story ahead of a robotics-optionality story.
EV Complex Splits Along Regional Lines The rotation inside the electric-vehicle group is telling. Chinese ADRs are absorbing the selling with XPeng down 7% and NIO down 4%, while Tesla’s 2% pullback and Lucid’s 1% slip look orderly by comparison, and Rivian shares are higher. The Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) offers a broader read, holding XPeng, NIO, Tesla, and Lucid inside its portfolio.
The earnings-day reaction pattern at XPeng favors caution. Even during a streak of five straight quarterly beats through Q1 2026, XPeng stock delivered a 10.3% day-of drop on Q3 2025 results and an 8.4% day-of decline on Q4 2025 results, and the average day-of change across those beats ran modestly negative. Today’s move on an actual miss fits that history, and the softer Q3 guide sharpens the concern.
For investors sizing their exposure to XPeng after today’s slide, position sizing matters more than usual (we wrote a free playbook on speculating with a small slice of a portfolio here: Small Stakes, Big Swings). The stock is a high-beta name with a robotics call option layered on top of a car business that just missed on the top line and guided Q3 below consensus. Investors should keep any new positions small enough to survive a similar release, and existing holders may want to trim exposure into strength rather than press into weakness.
Shareholders can watch for whether Q3 delivery momentum accelerates into September’s G9L flagship launch and Q4’s Mona L05 rollout in China. Traders could look for signs that XPeng’s overseas ramp, with quarterly international deliveries above 20,000 units in Q2, offsets the domestic guide. The XPeng conference call is the focus, and price action into Monday’s close can tell investors how much robotics optionality the market will underwrite from here.
Contact [email protected] for any questions or corrections.
The Trade Desk rozšiřuje zaměření na střední trh; inzerenti mimo top 500 letos meziročně vzrostli o více než 50 %. Firma zároveň chystá nové měření, Audience Unlimited a Zuma.
Key Takeaways The Trade Desk is expanding its mid-market strategy as advertisers outside its top 500 grow over 50%.TTD's new measurement framework aims to better show incremental business results across the customer journey.Audience Unlimited and Zuma bring cheaper data access, AI and easier workflows to improve campaign efficiency. The Trade Desk (TTD - Free Report) is expanding beyond its traditional base of large advertisers and agencies to capture a broader pool of midsize businesses and agencies. Per management, advertisers outside its top 500 have grown more than 50% year over year on a year-to-date basis, pointing to momentum among smaller and emerging brands. TTD highlighted three major forces working in its favor as it executes its mid-market strategy while navigating the competitive and macro pressures facing digital advertising.
First, the company is advancing its product roadmap to improve media buying, with a major focus on measurement. Its new measurement framework, currently in alpha, aims to value the full customer journey better rather than relying on last-click or last-view metrics. By giving marketers greater visibility into incremental business results, TTD seeks to make premium open-Internet advertising more measurable and effective.
Second, TTD is ramping up Audience Unlimited, which simplifies how marketers discover and activate third-party data using AI and proprietary data. Its new subscription-based pricing makes data access easier and more cost-effective. As the product moves into Open Beta, early results are encouraging, with a global advertiser cutting both cost per unique household and data CPM by more than 25%, underscoring its potential to improve campaign efficiency.
Lastly, TTD is set to launch Zuma, a major platform upgrade focused on usability. It will streamline navigation, workflows and troubleshooting while leveraging more AI to create a more intuitive user experience. The upgrade reflects TTD’s efforts to respond to client needs and accelerate product innovation. Collectively, these upgrades can make decision-making more measurable and valuable, creating a stronger path to revenue growth.
How Rivals Stack Up Against TTDMagnite (MGNI - Free Report) growth is driven by strong CTV and DV+ demand. Key industry trends include rising programmatic adoption, international expansion and the shift toward CTV, while AI and agentic advertising are emerging as major opportunities. Magnite is developing AI-powered tools and agentic infrastructure to streamline demand-supply orchestration, create customized inventory and audience packages, and eventually support one-to-many RTB auctions. It also sees growing opportunities in live sports, particularly as streaming expands programmatic monetization. Despite some near-term moderation from tough comparisons and macro factors, Magnite expects continued CTV growth and margin expansion, with long-term margins potentially exceeding 40%.
Taboola.com Inc. (TBLA - Free Report) continues to execute despite industry headwinds, including Google policy changes and publisher network cleanup, while raising its full-year ex-TAC growth outlook to 9%. The company is expanding relationships with major publishers like FOX News and winning broader ad-suite opportunities. AI is also becoming a key growth driver, with its Realize+ optimization platform adopted by more than 300 advertisers and new MCP and Claude integrations enabling natural-language campaign management. Taboola also raised its full-year financial outlook and remains focused on disciplined capital allocation, including share repurchases, though persistent FX headwinds could weigh on margins through 2026.
TTD’s Price Performance, Valuation and EstimatesShares of TTD have declined 74.8% in the past year against the Zacks Internet Services industry and S&P 500 composites’ rise of 57.6% and 21.3%, respectively.
Image Source: Zacks Investment Research
From a valuation standpoint, TTD trades at a forward price-to-earnings of 26.29X, higher than the industry’s average of 20.41X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for TTD’s earnings has been revised downward over the past 60 days.
Image Source: Zacks Investment Research
TTD currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wix Harmony websites can now be created straight from Gemini, eliminating the need to switch between platforms
NEW YORK - Wix.com Ltd. (Nasdaq: WIX) has announced a joint effort with Google to embed Wix Harmony website creation directly inside Gemini as a connected app. Users are now able to build and access Wix Harmony without ever leaving Gemini, meeting them right where they already spend their time. The integration opens Wix’s ecosystem, empowering entrepreneurs and businesses to not just establish an online presence, but also handle business operations and track performance, all from within the Gemini interface, transforming a simple chat window into a robust growth platform.
Inside Gemini, users can describe the website they have in mind, via voice or text, sharing details about their business, objectives, and brand identity. From there, a fully functional, Wix Harmony website is generated on Wix's enterprise-grade infrastructure, complete with built-in support for commerce, scheduling, payments, SEO and GEO, accessibility, performance, security, and more. From the same conversation, users can continue to expand their site's business capabilities, review performance metrics, and make updates, all through natural language.
"Wix Harmony empowers anyone to elevate their digital experience and bring their ideas to life," said Shahar Talmi, GM of Developer Platform at Wix. "Through this collaboration, users can now build directly inside Gemini, removing the friction of switching between tools. Wix Harmony makes building a professional website as effortless and natural as simply asking for one, right within the platform they're already using."
Getting started is straightforward: simply connect the Wix app, then type "@Wix" in the Gemini chat. Websites can be accessed and managed directly within Gemini or through the Wix Business Manager. From there, users can handle inventory, pull analytics, update product pricing, manage bookings, and much more.
The Wix app is currently available to Gemini users in eligible markets.
About Wix.com Ltd. Wix's vision is to simplify complex technologies and deliver the best tools for every type of user and business to create online. Powered by advanced AI and enterprise-grade infrastructure, Wix is trusted by millions of users worldwide. Founded in 2006 and strengthened by the acquisition in 2025 of Base44, the no-code application platform, Wix is continuing to build for the future of the internet.
For more information about Wix, visit our Press Room.
Wix ve 2. čtvrtletí zvýšil tržby meziročně o 15 % a pro rok 2026 drží výhled růstu tržeb v nízkém až středním pásmu desítek procent. Růst táhne BASE44 a silnější poptávka po ročních plánech.
Key Takeaways Wix.com posted 15% revenue growth as self-creators and Partners revenue gained momentum.BASE44 is driving growth, with newer cohorts outperforming and annual plan adoption increasing.Base1 should lift BASE44's gross margin to about 60% in the second half of 2026. Wix.com Ltd. (WIX - Free Report) is well-positioned to sustain double-digit revenue growth through 2026, supported by continued momentum in its core Wix business and strong growth from BASE44. In the second quarter, revenue increased 15% year over year, while bookings grew 12%. Self-creators revenue growth accelerated to 14%, supported by improving free-to-paid conversion, stable retention and a healthy top-of-funnel. Partners revenue also increased 17% year over year, in line with expectations, with BASE44 making a larger contribution as professionals increasingly use AI and AI agents in their workflows.
BASE44 remains an important growth driver for Wix, with elevated top-of-funnel demand and newer cohorts outperforming previous ones. Renewal activity also supported growth, while more new and existing users are choosing annual plans as confidence in the platform increases. Wix plans to invest further in BASE44 and has moderately raised its TROI target to capture additional market share as the AI-powered app creation market continues to grow. Management also highlighted Wix Harmony as another key area, with the company continuing to advance AI and human collaboration within its editing experience.
Another factor supporting the outlook is the improvement in BASE44’s cost structure through Base1, Wix’s proprietary LLM. The company expects BASE44’s non-GAAP gross margin to reach approximately 60% in the second half of 2026 compared with nearly 0% entering the year. These savings are estimated to contribute roughly two percentage points of improvement in consolidated non-GAAP gross margin in the second half. Wix intends to reinvest these savings into sales and marketing for BASE44 to capture strong demand.
For 2026, Wix is maintaining its guidance for bookings growth in the low-teens percentage range and revenue growth in the low- to mid-teens percentage range on a year-over-year basis. Third-quarter revenue is expected to grow at a low double-digit rate. Management expects the second half to benefit from lower AI costs and reduced core Wix marketing expenses, while revenue growth in both the third and fourth quarters is likely to be supported largely by BASE44.
Wix’s current guidance points to continued double-digit revenue growth through 2026, with BASE44, improving AI economics, Wix Harmony and ongoing core business growth supporting the outlook. Management’s focus remains on investing in products and market opportunities while maintaining disciplined execution and positioning the company for sustained growth.
Taking a Look at WIX’s CompetitorsShopify Inc. (SHOP - Free Report) is gaining from broad merchant gains, deeper payments adoption and expansion across online, offline and B2B channels. AI tools are becoming a larger part of merchant discovery and operations, while Catalog, Sidekick and agentic integrations extend Shopify into emerging commerce surfaces. International localization and enterprise wins add runway, and rising free cash flow margins show that investment is being funded with greater operating discipline. Management’s third-quarter outlook points to continued revenue growth and further expense leverage. For the third quarter of 2026, Shopify expects revenue growth in the low-30% range. Gross profit dollars are projected to increase in the mid-to-high-20% range.
GoDaddy Inc. (GDDY - Free Report) is sustaining steady demand as higher-value customers adopt more products and Airo becomes a larger part of the platform experience. Applications & Commerce continues to outgrow Core Platform, while pricing, bundling and AI-led productivity support margin expansion and cash generation. Airo’s rapid adoption, broader integration and growing role across identity, presence and commerce strengthen the long-term cross-sell opportunity. For the third quarter of 2026, GoDaddy expects revenue of $1.315-$1.335 billion, with the midpoint implying 5% year-over-year growth. Management narrowed its 2026 revenue outlook to $5.215-$5.255 billion, with the midpoint indicating approximately 6% growth.
WIX’s Price Performance, Valuation & EstimatesShares of WIX have gained 25.1% in the past six months, outperforming the Zacks Computer and Technology sector’s appreciation of 15.8%.
Image Source: Zacks Investment Research
From a valuation standpoint, WIX stock is currently trading at a forward 12-month Price/Earnings ratio of 52.45X, which is higher than the Zacks Computers - IT Services industry average of 18.79X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for WIX’s 2026 earnings is pegged at $4.28, which suggests a 41.5% decline over the figure reported in 2025.
WIX currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Workday před zveřejněním výsledků 27. srpna těží z pravděpodobnosti překonání odhadů 0,91 a z jednání o převzetí s Silver Lake. Akcie jsou za poslední měsíc výše o 39,77 %.
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Owning Workday (NASDAQ:WDAY | WDAY Price Prediction) shares into the August 27, 2026 after-market earnings report is the cleanest pre-earnings setup in enterprise software today. The prediction market is pricing a 0.91 probability of a beat, the company just delivered its fourth consecutive EPS beat, and buyout chatter has put a strategic floor under the stock. The odds favor the bulls.
Valuation That No Longer Punishes You Trailing multiples look demanding at a P/E of 60, but the forward figure tells the real story: forward P/E of 18 against a PEG of 0.75. Free cash flow yield sits at 7.00%, and management guided fiscal 2027 free cash flow to $3.180 billion, growth of 15%. You are paying growth-at-a-reasonable-price multiples for a business converting revenue into cash at scale.
Catalyst Stack Into August 27 Management guided Q2 FY2027 subscription revenue to approximately $2.455 billion, growth of 13% and CRPO growth of 13.5% to 14.5%. New ACV from agentic AI products grew more than 200% year over year, with the company approaching $500 million in ARR from agentic AI solutions. On top of that, Reuters reported on August 13 that Silver Lake is in talks to buy Workday, adding a takeout premium that did not exist a month ago. Shares are up 39.77% over the past month, and history says the payoff often comes after the report settles: the average one-week post-earnings move is +7.83%.
Head-to-Head vs. Salesforce and Oracle Against Salesforce (NYSE:CRM), Workday is growing subscription revenue faster: 14% in Q1 versus CRM’s high-single-digit subscription trajectory, and CEO Aneel Bhusri stated customers are “looking to us first for AI solutions for the HR and finance worlds”. Against Oracle (NYSE:ORCL), Workday’s non-GAAP operating margin of 31.8% and 97% gross revenue retention anchor a purer cloud HCM story than Oracle Fusion’s mixed on-prem and cloud stack. Workday won the head-to-head where it matters: agentic AI adoption, with more than 4,000 customers live.
Risk, Dismissed Bears point to the trailing multiple and to insider selling. Both are backward-looking. Q1 non-GAAP operating income hit $809 million, operating cash flow grew 52%, and the board authorized enough capital to repurchase roughly 12 million shares for $1.6 billion last quarter alone. Multiples compress when growth stalls. This one is accelerating.
Retirement-focused investors watching the August 27 report have a rare confluence of accelerating growth, forward-multiple compression, and a strategic-buyer bid working in their favor.
Contact [email protected] for any questions or corrections.
Akcie Super Micro Computer klesají o 7 % poté, co tchajwanské úřady obžalovaly zaměstnance jeho místní divize kvůli údajnému nelegálnímu exportu AI serverů do Číny. Firma sama obžalována nebyla.
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Shares of Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) stock are down 7% to $34.53 Monday morning after Taiwanese prosecutors indicted employees of its local unit over an alleged scheme to route AI servers into China. That decline stands apart from broader tech, where losses are limited.
Meanwhile, the iShares U.S. Technology ETF (NYSEARCA:IYW) is down 2% to $243.24, isolating today’s selling to one name. Dell Technologies (NYSE:DELL) stock is down 2% to $431.04, a move that reads more like broad-tape drift than direct AI-server contagion. Hewlett Packard Enterprise (NYSE:HPE) and NVIDIA (NASDAQ:NVDA) shares aren’t showing a distinct session move tied to the headline.
The selloff interrupts what had been a strong 2026 for Super Micro Computer. Super Micro Computer stock was up 27% year to date through Friday’s close, supported by a record AI-server backlog and a Q4 FY2026 non-GAAP earnings beat earlier this month. Today’s move is legal-file risk asserting itself over the fundamental story.
Taiwan Indictment Names Individuals While Sparing the Companies Prosecutors in the Taiwanese port city of Keelung said Monday they had indicted nine people over the illegal export of AI servers to China. Eight were charged with breach of trust and document forgery, including one employee of NVIDIA’s Taiwan unit and two employees of Super Micro Computer’s Taiwan unit. A ninth defendant faces a separate charge tied to alleged siphoning of funds from a distributor.
Critically, the indictments name individuals only. Neither Super Micro Computer nor NVIDIA was charged. The filing stated the defendants were “fully aware” that both companies maintain “rigorous internal control procedures,” and that the defendants “colluded with one another at various levels for enormous profit.”
Neither Super Micro Computer nor NVIDIA immediately responded to requests for comment. That distinction between corporate and individual liability is central to why the market reaction stays contained to Super Micro Computer today.
For investors, the wording matters. The filing explicitly framed the alleged conduct as taking place despite corporate controls at Super Micro Computer and NVIDIA, and that framing is why AI-server hardware and GPU peers are holding up while Super Micro Computer stock is sinking.
How the Alleged Export Scheme Worked The case centers on 130 B300 servers ordered from Super Micro Computer, supported by false end-user documents stating the machines would be installed at a rented server facility in Taiwan. Of those, 74 reached Chinese customers through direct shipments and transhipments via Indonesia, Japan and Hong Kong.
The remaining 56 units were bound for a company in Japan before Taiwan customs officials detected irregularities and halted the export. Washington has required licenses for such exports to China since 2022, tightening the compliance perimeter around NVIDIA’s most advanced GPUs and the servers built around them.
The B300 order size is meaningful in absolute terms but small relative to Super Micro Computer’s overall business. Super Micro Computer generated $11.1 billion in revenue in fiscal Q4 2026, and management flagged more than $60 billion in new orders during the quarter. Direct financial exposure from the seized shipments looks contained, though the compliance and reputational reads are why Super Micro Computer stock is sinking.
Sector Response Stays Contained The framing tells the story. Super Micro Computer is down 7% while broad tech, via the iShares U.S. Technology ETF, is down only 2%. Dell Technologies, the closest AI-server peer, is off 2% as well, a signal that AI-hardware demand isn’t what the market is questioning today.
Hewlett Packard Enterprise and NVIDIA aren’t showing a distinct session decline tied to the Keelung headline (we rounded up seven non-chipmaker suppliers powering that same AI buildout in a free report here: 7 Stocks Powering the AI Boom). That points to investors reading the indictment as employee-level misconduct at a Taiwan subsidiary rather than a corporate-level export-control breakdown at either name.
Super Micro Computer already carries a known compliance overhang. Its board is separately conducting an independent review of certain transactions related to export-control issues, and management told the fiscal Q4 2026 call it “expect[s] to provide an update shortly”. Two overlapping compliance threads make headline risk on this name difficult to price cleanly.
What Investors Can Watch Next The near-term signal for Super Micro Computer will come from any corporate response to the Keelung indictments and from the pending board update on the independent review. Investors can watch for whether management addresses the Taiwan case directly in coming SEC filings or on the next investor call.
Given the tight compliance overhang, investors may want to keep their position sizes modest in Super Micro Computer stock until the board review closes. Cost-averaging into weakness and defined-risk options structures can help manage headline-driven volatility of the kind that hit Super Micro Computer stock this morning. The broader AI-server thesis at Dell Technologies, Hewlett Packard Enterprise and NVIDIA appears to be largely unaffected by today’s news.
Contact [email protected] for any questions or corrections.
Super Micro Computer, Dell Technologies a Hewlett Packard Enterprise těží z boomu AI datacenter; SMCI, DELL i HPE hlásí rekordní backlogy a prudký růst zakázek.
Key Takeaways SMCI ended fiscal 2026 with record backlog after Q4 revenues surged 93% to $11.12 billion.DELL booked $24.4 billion of AI orders and ended Q1 fiscal 2027 with a $51.3 billion AI backlog.HPE ended Q2 fiscal 2026 with a record $5.9 billion AI Systems backlog and $1.8 billion in new orders. The artificial intelligence (AI) revolution is driving one of the largest infrastructure investment cycles the technology industry has seen in years. While semiconductor companies remain major beneficiaries, the opportunity extends well beyond chips. AI workloads require powerful servers, high-density computing racks, advanced cooling technologies and networking infrastructure, putting server makers in a strong position to capitalize on the ongoing data center expansion.
Spending by the largest cloud providers remains a key catalyst. Amazon, Alphabet, Microsoft and Meta Platforms are expected to spend between $720 billion and $745 billion on capital expenditures in 2026. A significant portion of this investment is likely to support AI infrastructure, including new data centers.
This spending wave is creating a favorable demand environment for companies that build and deploy servers capable of handling AI workloads. Among server makers, Super Micro Computer, Inc. (SMCI - Free Report) , Dell Technologies Inc. (DELL - Free Report) and Hewlett Packard Enterprise Company (HPE - Free Report) appear well-positioned to benefit from rising AI data center investments.
As AI models become larger and inference demand grows, data centers will need more powerful servers, denser racks, faster networking and better cooling systems. Super Micro's strength in rack-scale and liquid-cooled AI systems, Dell Technologies' rapidly expanding AI server business and Hewlett Packard Enterprise's combination of compute and networking capabilities make all three well-positioned to convert rising AI infrastructure demand into revenues and larger order pipelines.
SMCI: Rides on AI Server and Liquid-Cooling DemandSuper Micro has emerged as one of the key server suppliers benefiting from the rapid growth of generative AI and accelerated computing. The company offers high-performance GPU (graphics processing unit) servers, rack-scale systems and liquid-cooling solutions designed for demanding AI workloads.
One of Super Micro's biggest advantages is its Data Center Building Block Solutions strategy. The approach combines servers, networking, power management and cooling technologies into integrated systems that can simplify data center deployment. This capability is becoming increasingly valuable as companies move from purchasing individual servers toward deploying complete AI computing racks.
Liquid cooling is another important growth opportunity for Super Micro. AI accelerators are becoming more powerful, but they also consume more electricity and generate considerably more heat. Traditional air cooling can become less efficient at very high computing densities. SMCI's expanding liquid-cooling portfolio gives customers an option to increase rack density while managing power and thermal requirements more effectively.
The growth opportunity is already showing up in Super Micro’s financial performance. In the fourth quarter of fiscal 2026, its revenues soared 93% year over year to $11.12 billion, while non-GAAP earnings per share (EPS) jumped 315% to $1.70. The company received new orders worth more than $60 billion in the fourth quarter alone and exited fiscal 2026 with a record backlog. Supermicro expects fiscal 2027 revenues between $65 billion and $72 billion compared with $39.06 billion in fiscal 2026.
Manufacturing expansion, a growing enterprise customer base and wider adoption of its rack-scale solutions should help SMCI capitalize on continued AI data center investments. The Zacks Consensus Estimate for this Zacks Rank #1 (Strong Buy) company’s fiscal 2027 revenues and EPS suggests year-over-year increases of 71.8% and 22%, respectively. You can see the complete list of today’s Zacks #1 Rank stocks here.
DELL: Benefits From Surging AI Server OrdersDell Technologies has quickly become a major player in the AI-optimized server market. Its broad infrastructure portfolio gives customers access to servers, storage, networking and services, making DELL well-positioned for organizations looking for a single technology partner to support large AI deployments.
Demand for Dell Technologies’ AI infrastructure has been robust. In the first quarter of fiscal 2027, the company booked $24.4 billion of AI orders, delivered $16.1 billion of AI server revenues and ended with a $51.3 billion AI backlog. Following the strong start to the year, DELL increased its fiscal 2027 AI server revenue expectation to $60 billion, highlighting how rapidly AI infrastructure is becoming a larger contributor to the company’s overall business. Overall, the company’s total revenues climbed 88% year over year to $43.84 billion in the first quarter, while non-GAAP EPS jumped nearly 213%.
Dell Technologies should also benefit from its global scale, supply-chain capabilities and relationships with leading technology providers such as Google Cloud and Microsoft. As AI clusters become larger and more complicated, customers increasingly need complete rack-scale solutions instead of individual servers.
DELL’s ability to combine compute, storage, networking and deployment services should help it capture more spending from hyperscalers, enterprises and AI service providers. The Zacks Consensus Estimate for this Zacks Rank #2 (Buy) company’s fiscal 2027 revenues and EPS suggests year-over-year increases of 54.6% and 86%, respectively.
HPE: Gains From AI Systems, Servers and NetworkingHewlett Packard Enterprise offers another attractive way to gain exposure to the AI data center buildout. HPE combines servers with storage, networking, private cloud technologies and services, giving it a broad role in modern infrastructure projects.
In the second quarter of fiscal 2026, Hewlett Packard Enterprise’s Cloud & AI revenues increased 22.9% year over year to $7.7 billion, while server revenues jumped 32.7% to $5.5 billion. The company is benefiting from strong customer spending on infrastructure modernization and AI. HPE also ended the quarter with a record AI Systems backlog of $5.9 billion, including $1.8 billion in new AI Systems orders. The company’s total revenues climbed 40% year over year to $10.7 billion in the second quarter, while non-GAAP EPS jumped nearly 108%.
Hewlett Packard Enterprise is simultaneously strengthening its AI technology portfolio. Its next-generation offerings include NVIDIA Corporation’s (NVDA - Free Report) Vera Rubin-based rack-scale systems, high-density GPU servers and liquid-cooling capabilities designed for increasingly demanding AI workloads. Its combination of compute and data center networking could help HPE secure larger infrastructure projects as customers seek integrated solutions for building AI factories.
The Zacks Consensus Estimate for Hewlett Packard Enterprise’s fiscal 2026 revenues and EPS suggests year-over-year increases of 31.7% and 76.8%, respectively. HPE currently carries a Zacks Rank #2.
Robinhood za týden vzrostl o 13,2 % díky optimismu kolem Clarity Act a růstu bitcoinu. Podpořily ho i silné výsledky: fundovaní zákazníci stoupli o 7 % na 28,4 milionu a aktiva na platformě o 32 % na 369 miliard USD.
Key Takeaways Robinhood shares rallied 13.2% last week, sharply outperforming the industry's 2.3% decline.HOOD gained as optimism over the Clarity Act and a Bitcoin rally lifted sentiment toward crypto stocks.HOOD's funded customers rose 7% to 28.4 million at Q2-end, while Platform Assets climbed 32% to $369 billion. Shares of Robinhood Markets (HOOD - Free Report) , a leading fintech brokerage firm, rallied 13.2% last week, sharply outperforming the industry, which declined 2.3% over the same period.
One-Week Price Performance
Image Source: Zacks Investment Research
If you observe the price chart, you will see that Robinhood shares took off on Friday, Aug. 21, following a volatile performance over the previous four trading sessions.
What Triggered the Rally in HOOD Stock?The sharp rally in Robinhood shares on Friday was largely driven by renewed optimism surrounding the U.S. cryptocurrency regulatory landscape. President Donald Trump urged Congress to advance the Clarity Act, which seeks to establish clearer rules for digital assets and define oversight responsibilities between the SEC and CFTC. Investors viewed the push as a potential step toward a more accommodating regulatory environment, benefiting crypto-focused platforms such as Robinhood, Coinbase Global (COIN - Free Report) and Circle Internet Group (CRCL - Free Report) .
On Friday, Coinbase Global and Circle Internet gained 8.2% and 5.2%, respectively. Growing optimism over U.S. crypto regulation, particularly the Clarity Act, coupled with a Bitcoin rally, boosted investor sentiment toward COIN and CRCL shares.
The development is particularly significant for Robinhood as the company continues to broaden its presence in digital assets and blockchain-based products. CEO Vlad Tenev has been advocating for tokenized stock trading in the United States, arguing that blockchain-based equities could offer benefits such as round-the-clock trading, real-time settlement and greater asset portability. Robinhood already offers stock-token trading in more than 120 countries, although the service is currently unavailable in the United States.
Investor sentiment was further supported by expectations that the SEC is going to introduce an “innovation exemption” allowing approved platforms to offer tokenized equities domestically. Combined with Robinhood’s expanding crypto ecosystem, including Bitstamp, WonderFi and other blockchain initiatives (Robinhood Chain), greater regulatory clarity will likely unlock additional growth opportunities and strengthen its competitive position in digital finance.
What Next for Robinhood?Though Robinhood stock jumped last week, it is still trading at a loss in the year-to-date time frame. On the other hand, the industry jumped 10.4%. Coinbase Global has lost 17.5%, while Circle Internet shares have gained 10.9% over the same time frame.
YTD Price Performance
Image Source: Zacks Investment Research
Though trading remains a major growth engine, Robinhood’s expansion is no longer solely a trading-volume story. As of June 30, 2026, funded customers increased 7% year over year to 28.4 million, Gold subscribers surged 39% to a record 4.8 million, and average revenue per user climbed 24% to $187. Total Platform Assets advanced 32% to $369 billion, while Robinhood recorded net deposits of approximately $39.7 billion in the first six months of 2026, including $21.7 billion in the second quarter alone, highlighting sustained customer asset inflows.
This combination of customer growth, asset gathering and increased monetization suggests Robinhood is succeeding in capturing a larger share of its customers' financial lives. The company now says 13 business lines have reached at least $100 million in annualized revenues.
As these tools increase engagement while maintaining user trust, HOOD is expected to build recurring use cases around investing, lending, automation and payments rather than relying only on trading activity. These efforts are expected to drive top-line growth. The Zacks Consensus Estimate for HOOD’s 2026 sales indicates a rise of 13.3% on a year-over-year basis, while the estimate for 2027 suggests 25.3% growth.
Sales Estimates
Image Source: Zacks Investment Research
Likewise, analysts are turning bullish on HOOD’s prospects. Though the Zacks Consensus Estimate for HOOD’s 2026 earnings indicates a fall of almost 1% on a year-over-year basis, the estimate for 2027 suggests 30.4% growth. Earnings estimates for both years have been revised higher over the past seven days.
Earnings Estimates
Image Source: Zacks Investment Research
At present, Robinhood carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Společnost Motorola Solutions dokončila akvizici D-Fend za 1,5 mld. USD a posiluje tak svou pozici na rostoucím trhu proti dronům. Firma čeká, že bude D-Fend v roce 2027 mírně pozitivní pro EPS.
Key Takeaways MSI acquired D-Fend for $1.5B, adding C-UAS technology to its safety and security ecosystem.D-Fend's EnforceAir can control rogue drones while approved drones and communications keep operating.Motorola expects D-Fend to be slightly earnings-accretive in 2027 despite financing expenses. Motorola Solutions, Inc. (MSI - Free Report) recently completed the acquisition of D-Fend Solutions for $1.5 billion, strengthening its presence in the rapidly expanding counter-drone security market. The transaction adds D-Fend's field-proven counter-unmanned aerial systems (C-UAS) technology to Motorola's broader mission-critical safety and security ecosystem.
The acquisition appears strategically compelling as unauthorized drones increasingly pose security risks to airports, stadiums, critical infrastructure, military installations and densely populated areas. Beyond adding another fast-growing business, D-Fend expands Motorola’s addressable market, enabling it to leverage extensive public-safety customer relationships to accelerate adoption of counter-drone technology.
D-Fend Adds a Differentiated Counter-Drone CapabilityA key rationale behind the transaction is D-Fend's differentiated approach to neutralizing unauthorized drones. Conventional counter-drone solutions can rely on jamming or kinetic methods, which may interfere with nearby communications or create collateral risks. D-Fend's EnforceAir platform instead uses radio-frequency cyber-takeover technology to identify a rogue drone, assume control of it and guide it toward a designated safe landing area.
The system can target unauthorized drones while allowing approved drones and surrounding communications infrastructure to continue operating. This makes the technology particularly relevant for airports, major events, cities and other environments where indiscriminate jamming or kinetic interception may be impractical.
Deal Complements Motorola's Broader Drone StrategyD-Fend also fits well into Motorola’s expanding unmanned-systems strategy. The company already owns Silvus Technologies, whose resilient wireless networking solutions are used extensively in defense applications, including unmanned systems. Motorola’s partnership with BRINC gives public-safety agencies access to drones-as-first-responders, which can provide aerial visibility at an incident and transmit video back to command centers.
Over the years, Motorola has been developing exposure across several parts of the drone ecosystem — communications for defense-focused unmanned platforms, drones used by first responders and counter-drone protection. The strategic fit extends beyond products. Motorola has long-standing relationships with federal agencies, state and local public-safety departments and enterprise customers that represent natural buyers of D-Fend's technology. Management noted that it had already worked with D-Fend for several years and had jointly pursued federal law-enforcement opportunities before the acquisition.
This combination of an established distribution channel and complementary infrastructure could potentially accelerate D-Fend's growth without requiring Motorola to build a new go-to-market network from scratch.
Financial Benefits Could Emerge in 2027Despite the $1.5-billion purchase price and associated financing expenses, management expects D-Fend to be slightly accretive to earnings in 2027. Motorola cited D-Fend's existing profitability, strong growth profile and expanding addressable market as factors supporting that expectation.
The acquisition also comes against a healthy operating backdrop. Motorola’s second-quarter 2026 revenues increased 13% year over year to $3.1 billion, while free cash flow rose to $414 million from $224 million. The company ended the quarter with a record backlog of $15.6 billion, up 11% year over year.
Price PerformanceMotorola has gained 4.3% over the past year compared with the industry’s growth of 29.7%. It has outperformed Comtech Telecommunications Corp. (CMTL - Free Report) but lagged InterDigital, Inc. (IDCC - Free Report) . While InterDigital has gained 29.1%, Comtech is down 12.8% over this period.
One-Year MSI Stock Price Performance
Image Source: Zacks Investment Research
The Road AheadThe next phase will center on integrating D-Fend into Motorola’s wider public-safety ecosystem and using the latter's global distribution capabilities to broaden adoption. Opportunities appear particularly strong across law enforcement, airports, stadiums, borders and critical infrastructure, where drone threats are becoming increasingly complex.
This could eventually produce a more comprehensive air-to-ground security platform, offering a product breadth that may become increasingly important as public-safety customers look to consolidate security workflows rather than deploy isolated point solutions.
Investors, however, should monitor execution. Counter-drone deployments remain subject to regulatory approvals, operator training and certification requirements, while competition in the emerging C-UAS market is likely to intensify. Nonetheless, D-Fend appears to add an attractive combination of differentiated technology, fast revenue growth and exposure to an expanding security market.
If Motorola successfully leverages its extensive public-safety installed base and integrates D-Fend across its broader ecosystem, the acquisition could become another meaningful growth engine while strengthening its position as an end-to-end provider of mission-critical safety and security solutions.
Motorola currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Thomson Reuters představila vlastní velký jazykový model Thomson, vyvinutý interně za 40 milionů USD a plně pod její kontrolou. Firma jej nasazuje do Tabular Analysis v CoCounsel Legal.
Thomson, the company's proprietary LLM, was trained and is run at a fraction of the cost of comparable frontier models and remains fully owned and controlled by Thomson Reuters.
, /PRNewswire/ -- Thomson Reuters (Nasdaq: TRI) (TSX: TRI), a global content and technology company, today announced the launch of Thomson, the company's first proprietary large language model, developed in-house. Frontier labs have typically spent billions of dollars on compute and years of infrastructure investment to reach the frontier. Thomson Reuters took a different path: starting from a strong open-source foundation and investing $40 million to train Thomson into the right intelligence for the jobs that matter most, covering talent and compute. The result is a model Thomson Reuters fully controls, without the heavy inference costs of typical frontier models.
As one of the world's leading providers of trusted content and expertise for professionals, Thomson Reuters built Thomson on decades of proprietary content, technology, and domain expertise no other company can match. Training on that foundation is what made Thomson possible: a model built to Fiduciary-Grade ™ standards, at a fraction of the typical cost.
"For years, the AI industry has treated scale as the answer: bigger models, more compute, more money. Thomson shows there is another path," said Joel Hron, Chief Technology Officer, Thomson Reuters. "Start with a strong foundation, specialize it deeply for the work that matters, and you can build intelligence that is highly capable, far more efficient and entirely under your control. We think that changes the economics of professional AI."
What Makes Thomson Different
Thomson starts from a strong open-source foundation. What makes it different is what happens next: state-of-the-art mid-training and post-training techniques, drawing on decades of authoritative content from Westlaw, Practical Law, Checkpoint, and Reuters, with hundreds of subject matter experts integrated from the design of training objectives through to the final evaluations.
"Thomson proves what's possible when you build AI on decades of proprietary content and editorial expertise," said Steve Hasker, CEO of Thomson Reuters. "That's an advantage only Thomson Reuters has, and it shows in the results: our early evaluations put Thomson on par with the latest frontier models across a range of tasks. We're putting it to work in CoCounsel Legal, with more capabilities and sovereign AI options to come. This is the bar we intend to keep raising."
The model has been trained on less than 10% of Thomson Reuters content so far, and what comes next is not simply feeding it more data. It is continued discovery of new kinds of specialization and understanding, made possible only by building on decades of proprietary content and editorial expertise.
AI Sovereignty, and Why It Matters Now
Professionals are paying closer attention to questions of AI sovereignty: how a model is trained, what behaviors and biases live inside it, where it runs, and how the privacy of their information is protected. Thomson marks a shift for Thomson Reuters into a world where those questions are answered directly, not left to third parties alone.
Thomson shows a meaningful uplift from its base model in instruction following, the ability to execute complex, multi-part professional instructions precisely. It demonstrates an even greater uplift in navigating dense, domain-specific content, the kind of nuanced reasoning the hardest professional tasks require. It is also able to be trained alongside Thomson Reuters proprietary tools like Westlaw and Practical Law, which makes it more sophisticated and nuanced in its work.
The domain-specific gain challenges a common assumption, that the most capable general-purpose models only need access to the right content to perform at an expert level. Thomson Reuters' early results suggest otherwise. Proprietary training and human subject matter expertise, applied to a strong foundation, produces gains that content access alone does not.
Evaluations of Thomson's underlying foundation model are available in the technical report about the model's development.
Put To the Test
Ahead of today's launch, Thomson Reuters began opening the model to a group of legal and AI academics for direct evaluation. We will continue to make the model available to external parties to aid in the further validation and development of Thomson over the coming weeks and months. Thomson Reuters is also making a "small" version of Thomson available as an open-weight model on Hugging Face for academic and non-commercial use to further aid in this validation.
"I tested Thomson against ChatGPT and Claude using some of the more challenging questions students have asked in my Corporate Tax class. All three models answered the questions correctly, but I preferred Thomson's responses overall. I especially appreciated the links to treatises, which made its responses more transparent and useful for legal work."
– Jonathan H. Choi, Washington University School of Law
"Our evaluation found Thomson's citation quality generally competitive with leading frontier models, even when tested on Canadian employment-law questions without a Canada-specific setting."
– Professor Samuel Dahan, Director, Queen's Conflict Analytics Lab and Cornell Legal AI Lab
Trust as the Real Differentiator
Thomson Reuters is developing domain-specific AI for customers with the highest expectations of trust and accuracy. The AI industry has spent years competing on raw capability. Thomson Reuters is betting the next horizon will be won in the verification layer. This supports the future of Fiduciary-Grade AI™ in practice, the standard Thomson Reuters sets for AI designed for professionals with duties of care and accountability, where almost right is not good enough, and customer data is not used to train the model without explicit consent.
For CoCounsel, and More
Thomson's first deployment is inside Tabular Analysis in CoCounsel Legal, exactly the kind of high-volume, structured document review where a purpose-built model's advantage shows up immediately. CoCounsel Legal remains multi-model by design, applying Thomson where it delivers the clearest advantage and other leading models elsewhere. Thomson will be available in Tabular Analysis for law firms and corporate legal departments in the upcoming release. There are also plans to extend Thomson models across the legal and tax portfolio with more sovereign AI options to follow.
The launch of Thomson marks a new chapter for Thomson Reuters. The company has always owned the content, the expertise, and the tools professionals rely on every day. Now it owns the model too. Thomson Reuters is no longer only integrating the world's best content, technology and expertise. It is building intelligence that will power the future of professional work.
Thomson Reuters
Thomson Reuters (TSX/Nasdaq: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit thomsonreuters.com.
Media Contact
Ali Hughes
Director, AI and Innovation Communications
[email protected]
Bank of New York Mellon Corp ve 2. čtvrtletí koupila novou pozici ve společnosti VICI Properties za zhruba 140,24 mil. USD a drží 5 282 002 akcií. Podíl činí 0,48 %.
Bank of New York Mellon Corp acquired a new position in shares of VICI Properties Inc. (NYSE:VICI – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,282,002 shares of the company’s stock, valued at approximately $140,237,000. Bank of New York Mellon Corp owned 0.48% of VICI Properties at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in VICI Properties during the 4th quarter worth $537,676,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of VICI Properties by 31,134.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,218,191 shares of the company’s stock valued at $287,336,000 after buying an additional 10,185,477 shares during the period. Man Group plc boosted its stake in shares of VICI Properties by 100.6% in the 4th quarter. Man Group plc now owns 11,406,537 shares of the company’s stock valued at $320,752,000 after buying an additional 5,720,867 shares during the period. Voloridge Investment Management LLC boosted its stake in shares of VICI Properties by 247.8% in the 4th quarter. Voloridge Investment Management LLC now owns 7,792,028 shares of the company’s stock valued at $219,112,000 after buying an additional 5,551,620 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of VICI Properties by 1,001.4% during the first quarter. SG Americas Securities LLC now owns 5,659,186 shares of the company’s stock worth $154,609,000 after buying an additional 5,145,372 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth A number of analysts recently weighed in on VICI shares. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Barclays decreased their price target on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Wells Fargo & Company lowered their price target on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Cantor Fitzgerald dropped their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Finally, Royal Bank Of Canada initiated coverage on shares of VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, VICI Properties presently has an average rating of “Hold” and an average price target of $31.29.
View Our Latest Research Report on VICI Properties VICI Properties Price Performance Shares of NYSE:VICI opened at $26.55 on Monday. VICI Properties Inc. has a 12 month low of $25.81 and a 12 month high of $33.92. The firm has a market capitalization of $29.23 billion, a P/E ratio of 10.29 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.98 and a quick ratio of 1.98. The company’s fifty day moving average price is $26.59 and its 200 day moving average price is $27.84.
VICI Properties (NYSE:VICI – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.09). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. VICI Properties had a net margin of 67.50% and a return on equity of 9.66%. VICI Properties’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. VICI Properties has set its FY 2026 guidance at 2.450-2.470 EPS. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.46 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.8%. VICI Properties’s dividend payout ratio is 69.77%.
VICI Properties Profile (Free Report)
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
Read More Five stocks we like better than VICI Properties VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI – Free Report).
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RUM Group podepsala smlouvu s nejmenovaným americkým cloudovým zákazníkem na dodávku čipů pro umělou inteligenci a služeb GPU za zhruba 13,7 miliardy USD během šesti let. Akcie v premarketu vzrostly o více než 8 %.
Aug 24 (Reuters) - RUM Group (RUM.O), opens new tab, which hosts U.S. President Donald Trump's Truth Social platform, said on Monday it has signed a contract with an unnamed U.S.-based cloud customer worth about $13.7 billion to supply AI chips.
Shares of RUM Group rose more than 8% in premarket trading.
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Rumble started operating as RUM Group in June after closing its acquisition of German AI cloud company Northern Data, creating a new AI-infrastructure business as it seeks to capitalize on booming AI compute demand.
Under the deal, the customer will get access to GPUs and related services from RUM Group's Maysville, Georgia site, which is currently under development.
RUM Group said it is giving the unnamed customer the option to buy around 51 million shares of its stock for just one cent each, according to a regulatory filing, opens new tab.
The option will become available to the customer gradually over six years, as the client fulfills the purchase agreements.
The customer will buy $13.7 billion in GPU services over six years in three parts, with the last instalment contingent on a delivery date approved by the client.
RUM Group did not immediately respond to a Reuters request for comment about the customer.
The company said it currently lacks the necessary funds and plans to raise capital through debt or equity to fulfill this contract.
Reporting by Pooja Desai
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