Equity News

Cathie Wood's ARK Invest purchased another 121,384 SpaceX shares across four ETFs following the stock hitting another record low in the previous session.

Ives said that while higher AI infrastructure spending may weigh on margins in the near term, accelerating adoption of AI by both enterprises and consumers will be a key theme of second-quarter earnings.

The brokerage said the pullback has been driven by disruptions involving third-party launch vehicles, not by lost customer contracts or a slowdown in demand for direct-to-device satellite connectivity.

Ark Invest also reduced its small positions in Brera Holdings across several of its funds.

ServiceNow reported second-quarter results above expectations and raised its full-year subscription revenue forecast.

COIN shares fell more than 5% on Wednesday, after the stock surged more than 11% a day before on fresh optimism about the bill’s progress.

Analysts made their case citing improved profitability, cash flow prospects, and product launches.

Stocktwits data showed retail sentiment is weak, declining to ‘extremely bearish’ on SPY and ‘bearish’ on QQQ.

Deepwater's Gene Munster said Musk's comments revealed deeper ties, with Tesla and SpaceX collaborating across Starlink, Terafab, Grok and Digital Optimus.

GOOGL’s move underscores the rising bar for AI and cloud companies even as investors scrutinize spending and returns.

In a post on X on Wednesday, CEO Vlad Tenev said that the Robinhood Platinum Card had launched.

For FY26, the company expects capex to be more than $25 billion, marking a huge jump from the $8.5 billion recorded in 2025.

Drugmakers have announced 37 biotech acquisitions worth at least $1 billion this year, topping the previous annual record.

Better-than-expected earnings and outlook led analysts to raise their price targets, while the Microsoft AI infrastructure deal boosted confidence in 3M’s growth.

Microsoft’s Teams and Salesforce’s Slack dominate the workplace messaging market, and investors are watching whether Block can gain traction with Buzz among enterprise customers.

Shkreli reiterated his long-standing bearish stance on SLS, although he previously acknowledged making “a bad call” on Capricor after its positive HOPE-3 trial results.

Nokia reported a rise in demand for network infrastructure used in artificial intelligence expansion.

GE Vernova’s total backlog grew to more than $176 billion in the second quarter, a 37% increase year-on-year.

Investors were positioning their trades ahead of Intel’s second-quarter earnings report, due after the market closes on Thursday.

Analyst Gene Munster sees Tesla’s 2027 Capex reaching $25 billion, above Wall Street’s $21 billion estimate.

Red Cat faces pressure from executive turmoil, lawsuit, insider selling, and weak performance and investor concerns ahead of Q2 earnings.

X-Energy and NuScale Power are among the two most well-known small modular nuclear reactor companies that are being touted as an efficient solution to surging AI power needs.

Investor interest in all four has surged as hyperscalers ramp AI infrastructure spending.

The Google parent said cloud sales totaled $24.77 billion for the quarter ended June 30, a jump of 82% over the same period last year.

On Wednesday, AT&T posted adjusted earnings of $0.65 per share and revenue of $31.6 billion for the second quarter.

Investors reacted to enterprise spending delays, healthcare competition, and weakening consumer demand.

BTIG initiated coverage of Keel Infrastructure with a ‘Buy’ rating and a price target of $8 on the company.

The robust pace of Alphabet’s spending is a positive signal for its vendors and partners, particularly chipmakers.

QuantumScape’s second-quarter net loss narrowed, but adjusted EBITDA was nearly flat, indicating limited improvement in profit.

Earnings dominated the narrative in the U.S. markets on Wednesday, with Alphabet, Tesla, and IBM reporting Q2 results.

The offering could help cover the remaining 2% of traffic beyond AT&T’s network.

The $1-billion unrealized gain on SpaceX holdings provided a notable boost to Tesla’s reported net income for the second quarter.

A U.S. Senate panel has launched an investigation into Amazon regarding alleged negligence and Chinese influence within its online platform.

The tech giant lowered its sales forecast after a soft quarter but maintained confidence that AI will fuel long-term growth.

Alphabet hiked its 2026 capex spending outlook in its earnings call shortly after market close.

Chardan analyst Keay Nakae raised the firm's price target on Arrowhead to $115 from $90 and keeps a Buy rating on the shares.

The European Commission has approved Paramount Skydance’s acquisition of Warner Bros. Discovery, subject to major structural commitments to preserve competition in theatrical film distribution across Europe.

ServiceNow topped Wall Street expectations on revenue and earnings while raising its 2026 subscription revenue forecast after stronger-than-expected quarterly performance.

The company reported negative free cash flow of $1.1 billion for the first time in more than two years, implying the company spent more than it generated.

Nike will end online distribution through several China partners next year, and analysts warn the move could pressure sales trends and risk market share losses.

Gene Munster believes investors are looking to scrutinize select aspects, including automotive profitability, delivery trends, capital spending and progress in autonomy and robotics initiatives.

According to Fiscal AI data, the consensus revenue estimate for American Airlines stands at $16.69 billion, and earnings per share are expected to be $0.05.

Summit said it has already shared the latest safety data with the U.S. Food and Drug Administration.

Keren will succeed Meta’s Guy Rosen, who will reportedly remain CISO through a transition period before leaving later this year.

Google is doing a great job of converting AI Overview and AI Mode traffic into Search revenue, Gene Munster said in a post on X.

Philip Morris and Phillips 66 stocks gained following better-than-expected quarterly earnings and upbeat brokerage commentary, respectively.

Wells Fargo, RBC Capital Markets, and DA Davidson maintained their respective ratings and price targets on Reddit following the WSJ report surrounding the company’s current contract with Google.

Rocket Lab secured a $266-million firm-fixed-price U.S. Air Force contract on Tuesday.

The rail equipment maker posted revenue of $3.18 billion, up 17.5% from a year earlier and above analysts' expectations of $3.07 billion, according to Fiscal.ai data.

Infleqtion received three Department of Energy research projects and led gains among the companies tied to the initiative.