Innovation & Tech
Oracle’s $90 billion to $95 billion capital spending plan sent Dell Technologies sharply higher as investors focused on AI infrastructure suppliers. Dell’s own $95 billion AI backlog adds another measure of demand behind the hardware buildout.
Innovation & Tech
Oracle delivered faster cloud infrastructure growth and more than $30 billion in new AI contracts, lifting its backlog to $664 billion. The growth is accelerating, but heavy capital spending, negative free cash flow and margin pressure remain central to the ORCL story.
Earnings
Kroger cut its full-year identical-sales outlook as cautious shoppers, pharmacy pressure and a produce outbreak weighed on growth. But stronger cost savings, e-commerce and retail media helped preserve profit expectations, sending shares more than 2% higher.
Macro
Gold is falling despite geopolitical uncertainty as oil above $100 fuels inflation concerns and renewed Fed rate-hike expectations. Rising Treasury yields and a stronger U.S. dollar are outweighing gold's traditional safe-haven appeal.
Price Action
Skyworks and Qorvo surged as investors focused on progress toward their $22 billion combination. The rally diverged sharply from a weaker semiconductor sector as China's regulatory review reached its final phase.
Innovation & Tech
NVIDIA and Palantir are expanding their AI partnership into supply-chain operations, combining NVIDIA's Nemotron models with Palantir's Foundry and AIP. The deployment comes as NVIDIA sees global AI infrastructure spending reaching $3 trillion to $4 trillion by 2030.
Earnings
Navan delivered 35% revenue growth, record enterprise sales activity and higher full-year guidance, but NAVN stock fell sharply as its Q3 growth outlook slowed and operating leverage fell short of elevated expectations.
Earnings
American Eagle topped Q2 profit and revenue expectations, but tariff refunds inflated results while its namesake brand remained weak. Aerie continued to grow rapidly, yet softer underlying margins and a reduced back-half outlook sent AEO stock down about 15%
Business Trends
New rental data for Nvidia GPUs is intensifying a debate over how quickly AI chips lose economic value. Older A100 processors remain contracted through 2029, while H100 rental prices rose 22% in one month, challenging claims that short useful lives are masking depreciation costs.
Innovation & Tech
Global AI infrastructure investment is projected to reach $31.6 trillion through 2050, but chip shortages, rising financing needs and eventual capex normalization are exposing the limits of the buildout even as demand remains strong.
Macro
Higher Treasury yields, persistent inflation and rising oil prices are reshaping expectations for Federal Reserve policy. The S&P 500 is under pressure while mortgage rates near their highest levels in more than a year are slowing home sales.
Innovation & Tech
Apple unveiled its first foldable iPhone, raised Pro pricing and expanded on-device AI across its product lineup. Shares recovered from a nearly 2% event-day decline to close down 0.28%, showing a measured investor reaction to the announcements.