Earnings
Levi Strauss topped second-quarter expectations, raised its full-year outlook and increased its dividend, but shares slipped as investors looked for a stronger second-half forecast despite continued momentum across its direct-to-consumer business.
Innovation & Tech
Apple and Broadcom announced a multiyear chip agreement worth more than $30 billion, expanding U.S. semiconductor manufacturing, extending their partnership through 2031, and reinforcing long-term supply commitments amid growing AI infrastructure demand.
Innovation & Tech
Alibaba (BABA) surged as investors rotated back into Chinese tech, supported by signs of narrowing instant-commerce losses, steady profitability, and renewed attention on Alibaba Cloud’s AI leadership.
Business Trends
Defense stocks gained as investors responded to rising military budgets, weapons replenishment efforts, and growing adoption of AI across modern defense systems, benefiting companies from Lockheed Martin to Boeing and Palantir.
Price Action
Rivian (RIVN) fell after launching a 75 million-share offering, reversing gains from strong Q2 deliveries and raised guidance as investors refocused on dilution and capital needs.
Business Trends
Walmart (WMT) rose after expanding summer Rollbacks across groceries, household essentials, and Sam’s Club items, reinforcing its value strategy as consumers continue to face elevated food costs.
Innovation & Tech
Ceva (CEVA) jumped after securing a landmark AI licensing agreement with a major U.S. software and AI platform company, expanding its customer base beyond traditional chipmakers and reinforcing demand for custom AI silicon.
Macro
This week’s market behavior showed a consistent preference for scale, infrastructure, and visible demand, while companies tied to weaker guidance, policy uncertainty, or balance-sheet sensitivity faced more restrained reactions.
Macro
Trump Accounts launch July 4 with default investments in the SPDR Portfolio S&P 500 ETF, linking child savings accounts to low-cost index funds and drawing support from major companies and philanthropists.
Business Trends
Tesla (TSLA) reported a record second-quarter delivery total of 480,126 vehicles, comfortably exceeding Wall Street expectations. While shares declined following the release, the results highlighted improving vehicle demand and stronger energy storage deployments.
Earnings
Nike's fiscal fourth-quarter results topped expectations, but a one-time tariff recovery drove much of the earnings strength while weakness in China, digital sales, and cautious guidance kept investor sentiment restrained.
Innovation & Tech
Meta Platforms (META) rose after reports that the company is exploring a cloud infrastructure business that could sell AI model access and computing capacity to outside customers.