Earnings
Goldman Sachs and Citigroup delivered stronger-than-expected second-quarter results as investment banking, trading, and capital markets activity accelerated. The results highlight improving dealmaking conditions and continued strength across financial markets.
Business Trends
Nio shares gained after Goldman Sachs upgraded the electric-vehicle maker to Buy, citing strong premium SUV demand, rapid delivery growth, improving margins, and a potential swing to positive profit and free cash flow in 2026.
Innovation & Tech
IBM warned that customers redirected spending toward AI servers, storage, and memory, leading to weaker-than-expected results. The announcement triggered a historic stock decline and highlighted how AI infrastructure investment is reshaping enterprise technology budgets.
Business Trends
This week's market action showed a consistent pattern: companies delivering solid results or strategic milestones were rewarded only when they exceeded already high expectations, while investors remained quick to penalize any sign of slowing momentum or increased uncertainty.
Earnings
PepsiCo delivered second-quarter revenue growth above expectations and reaffirmed its full-year outlook, but weaker North American demand and market share concerns overshadowed international strength, sending the stock lower.
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.