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
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.
Innovation & Tech
Cloudflare shares jumped about 10% as investors focused on its OpenAI security partnership, strengthening the company’s AI-security narrative while its cybersecurity peers posted much smaller moves.
Innovation & Tech
Meta shares jumped more than 6% after the launch of Muse, a standalone AI agent with free and paid tiers. Wall Street sees the product as an early test of whether Meta can turn its massive AI infrastructure spending into consumer adoption and new revenue.
Innovation & Tech
Google is committing €13 billion to AI and digital infrastructure in Finland while securing nuclear, wind and battery capacity. The 22-year nuclear agreement highlights how Alphabet’s expanding AI investment is increasingly tied to reliable long-term electricity supply.
Business Trends
GE Aerospace (GE) is acquiring Consolidated Precision Products for $11.75 billion, securing a major turbine-blade supplier as SpaceX (SPCX) considers building or acquiring casting capacity amid rising aerospace, power-generation and AI infrastructure demand.
Earnings
Academy Sports and Outdoors (ASO) delivered stronger second-quarter profits and raised its full-year earnings outlook even as comparable sales declined. The results contrast with weakening demand and turnaround pressures at Nike (NKE) and Lululemon (LULU)
Earnings
Chewy raised its fiscal 2026 outlook after sales grew 7.3% and adjusted EBITDA margin reached 6.8%, but shares fell sharply as results showed continued pressure on discretionary pet spending and limited acceleration in organic growth.
Macro
Canada imposed retaliatory tariffs on nearly $28 billion of U.S. goods as its trade conflict with Washington intensified, accelerating shifts in sourcing, travel and cross-border commerce while exposing businesses in both economies to higher costs and uncertainty.
Innovation & Tech
Novartis shares plunged after del-desiran failed a Phase III trial, compounding setbacks for pelacarsen and rap-cel and raising concerns about the drugmaker’s pipeline as key products face patent pressure.
Innovation & Tech
Verizon committed to more than 80 million miles of Corning fiber through 2032, linking broadband expansion with AI infrastructure demand and sending Corning shares sharply higher.
Innovation & Tech
Qualcomm’s multi-generation collaboration with Amazon targets custom AI silicon and optical connectivity, while purchase-linked warrants covering up to 25 million QCOM shares tie the relationship to as much as $60 billion in payments.