Business Trends
SLB’s $3.4 billion Kelvion acquisition adds thermal management to its fast-growing data center business, expanding its role beyond oilfield services as AI infrastructure investment accelerates.
Business Trends
Caterpillar’s record second quarter showed growth spreading across construction and power generation, while AI infrastructure, rental fleet demand and a $72 billion backlog are changing the drivers behind CAT’s expansion.
Economy
Social Security’s retirement trust fund is projected to run out of reserves in 2032, while federal debt has passed $40 trillion. The collision of rising retirement costs, interest expenses and demographic pressure is intensifying questions over who pays and how the system is repaired.
Innovation & Tech
SpaceX CEO Elon Musk says annual revenue could reach roughly $3.5 trillion by 2033, while current results show both extraordinary AI growth and heavy capital demands. Alphabet’s much larger, profitable Google Cloud business provides a sharp comparison.
Earnings
Elastic delivered stronger-than-expected fiscal Q1 results as AI adoption, record large-customer additions and rising contracted commitments strengthened its growth outlook. The company raised fiscal 2027 guidance as ESTC stock rallied sharply.
Earnings
Ulta Beauty topped Q2 expectations and raised its full-year outlook, but shares fell as investors weighed strong first-half execution against slower sales and comparable-sales growth expected during the second half.
Earnings
Workday delivered stronger-than-expected quarterly results as AI products drove more than 25% of new annual contract value. But an early fiscal 2028 outlook points to slower subscription growth even as profitability continues to improve.
Price Action
PayPal shares dropped sharply after Stripe and Advent International abandoned their takeover pursuit, removing a catalyst that helped drive a more than 40% quarterly rally and shifting attention back to PayPal’s standalone turnaround.
Earnings
Autodesk delivered stronger Q2 revenue, subscriptions and margins while raising its full-year revenue and billings outlook, but MaintainX dilution and below-consensus Q3 earnings guidance sent shares lower.
Business Trends
Micron shares moved lower even as Nvidia disclosed a sharp increase in commitments tied primarily to memory procurement, highlighting a split between strong AI-memory fundamentals and a memory trade that had already produced extraordinary stock gains.
Earnings
Nvidia’s fiscal Q2 revenue more than doubled as Data Center sales reached a record $89 billion. A roughly 70% fiscal 2028 growth outlook and supply constraints reinforced the scale of AI demand, sending Nvidia shares sharply higher.
Earnings
Best Buy topped second-quarter expectations and raised its fiscal 2027 outlook, but BBY stock fell nearly 5% as investors weighed slowing computing momentum, higher memory costs and tougher comparisons against improving sales and margins.