Innovation & Tech
Tower Semiconductor unveiled a $3 billion expansion in Japan backed by $1 billion in government grants, raising its 2028 financial outlook and highlighting growing demand for AI and data center semiconductor technologies.
Innovation & Tech
Strong AI infrastructure spending continues to shape market news today as NVIDIA's data center growth, TSMC's revenue surge, Apple pricing expectations, and SoFi's mixed sentiment highlight how investors are evaluating the next phase of technology leadership.
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
Taiwan Semiconductor Manufacturing (TSM) reported record June and second-quarter revenue as AI chip demand remained strong. Investors now turn their attention to the company's upcoming earnings report for guidance on margins, advanced packaging capacity, and future growth.
Earnings
Delta Air Lines (DAL) exceeded second-quarter earnings and revenue expectations while reaffirming its full-year outlook, highlighting continued strength in premium travel, corporate demand, and international routes despite record fuel expenses.
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.
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.
Earnings
AeroVironment (AVAV) surged after record quarterly revenue and stronger-than-expected earnings showed accelerating demand for drones, loitering munitions, and counter-drone systems despite softer fiscal 2027 guidance.
Innovation & Tech
Alphabet (GOOGL) gained as it officially joined the Dow Jones Industrial Average, replacing Verizon. The change reflects the index's increasing exposure to artificial intelligence, cloud computing, and digital services while highlighting strong demand for Google's AI infrastructure.
Macro
Chevron (CVX), Exxon Mobil (XOM), Shell, and BP came under scrutiny after President Trump accused major oil companies of failing to pass lower crude prices through to gasoline consumers quickly enough.