Hardik Shah

US University of Michigan Survey (Jul Final): $QQQ $SPY

➤ Consumer Sentiment Index: 55.2 (Forecast 54.0, Previous 54.4)

➤ Consumer Expectations Index: 55.4 (Forecast 53.8, Previous 54.0)

➤ Current Conditions Index: 54.8 (Forecast 54.7, Previous 54.9)

📢 Companies Reporting Earnings Next Week

$Vertex Pharma(VRTX.US) $ON Semiconductor(ON.US) $BWX Tech(BWXT.US) $Diamondback Energy(FANG.US) $Snap(SNAP.US) $Grab(GRAB.US) $Palantir Tech(PLTR.US) $Spotify(SPOT.US) $Caterpillar(CAT.US) $McDonald's(MCD.US) $Wix.com(WIX.US) $Cipher Digital(CIFR.US) $Hut 8 Mining(HUT.US) $Digitalocean(DOCN.US) $SpaceX(SPCX.US) $AMD(AMD.US) $Zeta Global(ZETA.US) $Opendoor Tech(OPEN.US) $Astera Labs(ALAB.US) $ViaSat(VSAT.US) $Circle(CRCL.US) $CVS Health(CVS.US) $Disney(DIS.US) $Eli Lilly(LLY.US) $EOS Energy Enterprises(EOSE.US) $GlobalFoundries(GFS.US) $Riot Platforms(RIOT.US) $Unity Software(U.US)ber Tech(UBER.US) $Shopify (SHOP.US) $Mercadolibre(MELI.US) $Western Digital(WDC.US) $Advance Auto Parts(AAP.US) $Sandisk(SNDK.US) $Block(XYZ.US) $Duolingo(DUOL.US) $Sandisk(SNDK.US) $IonQ(IONQ.US) $Kratos Defense & Security(KTOS.US) $Oklo(OKLO.US) $Unity Software(U.US) $Oscar Health(OSCR.US) $Datadog(DDOG.US) $D-Wave Quantum(QBTS.US) $Trade Desk(TTD.US) $Draftkings(DKNG.US) $MP Materials(MP.US) $Mara(MARA.US) $Red Cat(RCAT.US)

$Strategy(MSTR.US) | H.C. Wainwright 𝗿𝗲𝗶𝘁𝗲𝗿𝗮𝘁𝗲𝘀 𝗕𝘂𝘆 on 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆, maintains PT at $𝟯𝟮𝟱

Analyst sees capital management supporting STRC through the BTC drawdown, with upside as BTC sentiment and MSTR's mNAV improve.

$Roblox(RBLX.US) | Benchmark 𝗱𝗼𝘄𝗻𝗴𝗿𝗮𝗱𝗲𝘀 𝗥𝗼𝗯𝗹𝗼𝘅 𝗖𝗼𝗿𝗽. from Hold to 𝗦𝗲𝗹𝗹, PT $𝟯𝟯, 'Ah Heck, Here We Go Again'

Analyst sees possible lifecycle decline as weakness spreads across acquisition, engagement, monetization, cash flow and visibility.

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Circle(CRCL.US) Circle Receives New York Trust Charter From NYDFS

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗖𝗶𝗿𝗰𝗹𝗲 receives a 𝗹𝗶𝗺𝗶𝘁𝗲𝗱 𝗽𝘂𝗿𝗽𝗼𝘀𝗲 𝘁𝗿𝘂𝘀𝘁 charter from 𝗡𝗬𝗗𝗙𝗦.

➤ Charter establishes 𝗖𝗶𝗿𝗰𝗹𝗲 𝗡𝗲𝘄 𝗬𝗼𝗿𝗸 𝗧𝗿𝘂𝘀𝘁.

➤ Approval strengthens the regulatory foundation for 𝗖𝗶𝗿𝗰𝗹𝗲 and 𝗨𝗦𝗗𝗖.

➤ Circle says the charter reinforces 𝘀𝗮𝗳𝗲𝘁𝘆, 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆, and compliance.

➤ Circle became the first company to receive a 𝗡𝗬𝗗𝗙𝗦 𝗕𝗶𝘁𝗟𝗶𝗰𝗲𝗻𝘀𝗲 in 𝟮𝟬𝟭𝟱.

➤ New York remains 𝗖𝗶𝗿𝗰𝗹𝗲'𝘀 global headquarters.

➤ Charter builds on more than a decade of regulatory engagement with 𝗡𝗬𝗗𝗙𝗦.

➤ Circle says the trust charter supports broader adoption of 𝗨𝗦𝗗𝗖.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Strengthens regulatory credibility for 𝗨𝗦𝗗𝗖 in the U.S. financial system.

➤ May increase institutional confidence in Circle's stablecoin infrastructure.

➤ Reinforces Circle's strategy of operating under established regulatory frameworks.

➤ Adds another regulatory milestone as stablecoin adoption continues to expand globally.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁:

𝗝𝗲𝗿𝗲𝗺𝘆 𝗔𝗹𝗹𝗮𝗶𝗿𝗲, Co-Founder, Chairman, and CEO of Circle:

“Earning a New York trust charter has been a longstanding objective for Circle given the regulatory clarity that comes with it. NYDFS is an international standard setter for digital asset regulation, and New York is Circle's global headquarters. This charter reflects over a decade of regulatory commitment and positions USDC within a strong, respected framework as digital dollars become central to the global financial system."

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: Montage Technology Begins Trial Production of Industry-First CXL 3.2 Memory eXpander Controller - $SK Hynix(SKHY.US) $AMD(AMD.US) $Intel(INTC.US)

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗠𝗼𝗻𝘁𝗮𝗴𝗲 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 begins trial production of the industry's first 𝗖𝗫𝗟 𝟯.𝟮 𝗠𝗫𝗖 chip.

➤ Chip supports 𝗣𝗖𝗜𝗲 𝟲.𝘅 and 𝗖𝗫𝗟 𝟯.𝟮 with speeds up to 𝟲𝟰 𝗚𝗧/𝘀.

➤ Dual 𝗗𝗗𝗥𝟱 controllers support memory speeds up to 𝟴,𝟬𝟬𝟬 𝗠𝗧/𝘀.

➤ MXC enables 𝗺𝗲𝗺𝗼𝗿𝘆 𝗲𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻, pooling, and tiered memory architectures.

➤ Supports multiple form factors, including 𝗣𝗖𝗜𝗲 𝗔𝗜𝗖 and 𝗘𝗗𝗦𝗙𝗙 modules.

➤ Integrated into next-generation CXL products from 𝗦𝗮𝗺𝘀𝘂𝗻𝗴 and 𝗦𝗞 𝗵𝘆𝗻𝗶𝘅.

➤ Compatible with 𝗜𝗻𝘁𝗲𝗹 𝗫𝗲𝗼𝗻 and 𝗔𝗠𝗗 𝗘𝗣𝗬𝗖 server platforms.

➤ Includes SDK, analysis, and testing tools to accelerate customer deployment.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Helps overcome traditional server memory capacity limitations for AI workloads.

➤ Advances the commercialization of 𝗖𝗫𝗟 technology across AI and cloud infrastructure.

➤ Supports growing demand for scalable, high-capacity memory in data centers.

➤ Strengthens the CXL ecosystem with backing from major memory and processor vendors.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗦𝘁𝗲𝗽𝗵𝗲𝗻 𝗧𝗮𝗶, President at Montage Technology:

"The trial production of the CXL 3.2 MXC chip marks an important milestone in Montage Technology's pursuit of CXL innovation and commercialization. As memory demands continue to surge in the AI era, we are providing our customers with high-bandwidth, large-capacity, and highly reliable memory expansion solutions, accelerating the large-scale adoption of CXL in data center and AI infrastructure."

𝗝𝗮𝗻𝗴𝘀𝗲𝗼𝗸 𝗖𝗵𝗼𝗶, VP of Memory Product Planning at Samsung Electronics:

"The combination of CXL 3.2 MXC with DDR5 memory technology offers data center customers a solution that balances performance and capacity. Our collaboration validates the value of CXL in increasing system memory capacity and resource utilization, and provides additional options for next-generation AI infrastructure."

𝗨𝗸𝘀𝗼𝗻𝗴 𝗞𝗮𝗻𝗴, Head of Next Gen Product Planning & Std at SK hynix:

"With the rapid adoption of large language models and generative AI, memory has become a critical factor in system performance. Montage Technology's MXC product demonstrates strong potential for supporting high-capacity memory expansion and resource sharing. We look forward to deeper collaboration in ecosystem validation and product innovation."

𝗗𝗿. 𝗗𝗲𝗯𝗲𝗻𝗱𝗿𝗮 𝗗𝗮𝘀 𝗦𝗵𝗮𝗿𝗺𝗮, Senior Fellow and Chief I/O Architect at Intel:

"AI, next-gen cloud systems, and today's industry economics are reshaping server memory architecture and driving demand for CXL. Montage Technology's CXL 3.2 MXC demonstrates how the maturing CXL ecosystem delivers protocol support, compatibility, and performance, helping to unlock the memory expansion capabilities of next-generation Intel Xeon platforms."

𝗔𝗺𝗶𝘁 𝗚𝗼𝗲𝗹, Corporate Vice President, Compute and Enterprise AI Platform Solutions Engineering at AMD:

"AI and data center workloads are driving continuous evolution of system architecture, making memory a key factor in performance and scalability. We look forward to our continued collaboration with Montage Technology on CXL technologies to deliver a foundation for building more flexible and efficient memory architectures."

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Novo Nordisk AS(NVO.US) Novo Nordisk's Phase 3 Ziltivekimab Trial Misses Primary Cardiovascular Endpoint

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗡𝗼𝘃𝗼 𝗡𝗼𝗿𝗱𝗶𝘀𝗸's 𝗭𝗘𝗨𝗦 phase 3 trial failed to reduce 𝗠𝗔𝗖𝗘.

➤ Hazard ratio was 𝟬.𝟵𝟵 with a 𝟵𝟱% confidence interval of 𝟬.𝟴𝟴–𝟭.𝟭𝟭.

➤ Trial enrolled more than 𝟲,𝟯𝟬𝟬 patients with 𝗔𝗦𝗖𝗩𝗗, 𝗖𝗞𝗗, and elevated inflammation.

➤ Ziltivekimab reduced 𝗜𝗟-𝟲 and 𝗵𝘀𝗖𝗥𝗣, confirming target engagement.

➤ Biological improvements did not translate into fewer cardiovascular events.

➤ Serious infections occurred more frequently with 𝘇𝗶𝗹𝘁𝗶𝘃𝗲𝗸𝗶𝗺𝗮𝗯 than placebo.

➤ No difference in 𝗮𝗹𝗹-𝗰𝗮𝘂𝘀𝗲 𝗺𝗼𝗿𝘁𝗮𝗹𝗶𝘁𝘆 was observed.

➤ Novo Nordisk expects a 𝗻𝗼𝗻-𝗰𝗮𝘀𝗵 impairment charge in 𝗤𝟯 𝟮𝟬𝟮𝟲.

➤ 𝗛𝗘𝗥𝗠𝗘𝗦 and 𝗔𝗥𝗧𝗘𝗠𝗜𝗦 phase 3 trials will continue, with results expected in 𝗛𝟭 𝟮𝟬𝟮𝟳.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Represents a setback for Novo Nordisk's 𝗰𝗮𝗿𝗱𝗶𝗼𝘃𝗮𝘀𝗰𝘂𝗹𝗮𝗿 drug pipeline.

➤ Raises questions about whether 𝗜𝗟-𝟲 inhibition alone improves cardiovascular outcomes.

➤ May shift investor focus toward upcoming 𝗛𝗘𝗥𝗠𝗘𝗦 and 𝗔𝗥𝗧𝗘𝗠𝗜𝗦 trial results.

➤ Company says 𝟮𝟬𝟮𝟲 operating profit guidance remains unchanged.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁:

𝗠𝗮𝗿𝘁𝗶𝗻 𝗛𝗼𝗹𝘀𝘁 𝗟𝗮𝗻𝗴𝗲, Executive Vice President and Chief Scientific Officer at Novo Nordisk:

"Although ziltivekimab produced the expected biological effect, this did not result in MACE benefits in this population."

$Arm(ARM.US) | Rosenblatt 𝗺𝗮𝗶𝗻𝘁𝗮𝗶𝗻𝘀 𝗕𝘂𝘆 on 𝗔𝗿𝗺 𝗛𝗼𝗹𝗱𝗶𝗻𝗴𝘀, cuts PT to $𝟮𝟱𝟬 from $𝟮𝟳𝟬

Analyst sees solid growth and surging server CPU demand, but cuts the PT on lower FY28E EPS from lower GM and higher expenses.

⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: $Amazon(AMZN.US) Amazon Discloses Major AI Investments in Anthropic and OpenAI

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗔𝗺𝗮𝘇𝗼𝗻 invested $𝟭𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in 𝗔𝗻𝘁𝗵𝗿𝗼𝗽𝗶𝗰 preferred stock during Q2 2026.

➤ Amazon invested an additional $𝟭.𝟯 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in Anthropic convertible notes.

➤ Amazon established a financing facility of up to $𝟮𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 for Anthropic.

➤ Anthropic financing facility expires 𝟯𝟬 𝗺𝗼𝗻𝘁𝗵𝘀 after an IPO.

➤ Amazon invested $𝟭𝟯.𝟳 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in 𝗢𝗽𝗲𝗻𝗔𝗜 Series C preferred stock during Q2.

➤ Amazon's OpenAI Series C investments reached $𝟮𝟴.𝟳 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in the first half of 2026.

➤ Amazon received approximately $𝟲𝟰𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 in tariff refunds during Q2 2026.

➤ Investments were disclosed in Amazon's latest regulatory filing.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Reinforces Amazon's aggressive expansion across the 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝘃𝗲 𝗔𝗜 ecosystem.

➤ Deepens Amazon's strategic relationships with two leading 𝗔𝗜 𝗺𝗼𝗱𝗲𝗹 developers.

➤ Signals continued hyperscaler competition to secure long-term 𝗔𝗜 leadership.

➤ Large capital commitments could drive future demand for 𝗔𝗜 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 and cloud services.

$Dutch Bros(BROS.US) | Telsey 𝗺𝗮𝗶𝗻𝘁𝗮𝗶𝗻𝘀 𝗢𝘂𝘁𝗽𝗲𝗿𝗳𝗼𝗿𝗺 on 𝗗𝘂𝘁𝗰𝗵 𝗕𝗿𝗼𝘀 𝗜𝗻𝗰., raises PT to $𝟳𝟰 from $𝟲𝟲

Analyst sees strong 2Q26 results, supported by new units, menu innovation, pricing, loyalty, technology, and execution.

$Meta Platforms(META.US) | Barclays 𝗿𝗲𝗶𝘁𝗲𝗿𝗮𝘁𝗲𝘀 𝗢𝘃𝗲𝗿𝘄𝗲𝗶𝗴𝗵𝘁 on 𝗠𝗲𝘁𝗮 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺𝘀 𝗜𝗻𝗰., PT $𝟳𝟴𝟬

Analyst sees selling intelligence taking multiple forms and potentially generating $65B+ in annual revenue within a few years.

⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: South Korea to Inject ₩𝟮𝟬 𝗧𝗿𝗶𝗹𝗹𝗶𝗼𝗻 Into Sovereign Wealth Fund for AI Investments - Bloomberg - $SK Hynix(SKHY.US)

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ South Korea will inject ₩𝟮𝟬 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 ($𝟭𝟯.𝟵 𝗯𝗶𝗹𝗹𝗶𝗼𝗻) into 𝗞𝗜𝗖.

➤ Capital is earmarked for 𝗔𝗜, 𝗱𝗮𝘁𝗮 𝗰𝗲𝗻𝘁𝗲𝗿𝘀, and infrastructure investments.

➤ Move marks a major strategic shift for 𝗞𝗼𝗿𝗲𝗮 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝗼𝗻.

➤ 𝗞𝗜𝗖 will invest in 𝗱𝗼𝗺𝗲𝘀𝘁𝗶𝗰 assets for the first time.

➤ Government expands KIC's investment mandate beyond overseas assets.

➤ Initiative aims to strengthen South Korea's long-term 𝗔𝗜 competitiveness.

➤ Funding supports development of strategic national AI infrastructure.

➤ Policy underscores South Korea's accelerating investment in the AI economy.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Signals strong government backing for domestic 𝗔𝗜 infrastructure expansion.

➤ Could boost demand for 𝗔𝗜 chips, servers, networking, and data center equipment.

➤ Supports long-term growth opportunities for AI ecosystem and infrastructure providers.

➤ Reinforces intensifying global competition to build sovereign AI capabilities.

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: KOSPI jumps as much as 14% in record intraday gain

South Korea stocks rebounded on Friday as large tech capex plans rekindled AI-driven buying. The benchmark KOSPI rose as much as 14% intraday, its largest single-day intraday gain on record. SK Hynix surged up to 28% after SK Group chairman Choi Tae-won made an unusual direct share purchase; Samsung Electronics climbed as much as 26%.

The KOSPI had fallen 17% over the prior three sessions amid concerns about rising leverage at major global tech firms. The AI-led rally, which accelerated after leveraged products launched in May, has become highly volatile. NH Investment & Securities head of Korea cash equities Shawn Oh said recent AI tech sell-offs driven by deleveraging, risk reduction, liquidations and other liquidity factors may be stabilizing. Japan’s Nikkei 225 also gained around 4% in early trade, breaking above 64,000.

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: U.S. Space Force Awards $𝟵𝟴𝟭 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 Space Test & Training Contracts to 15 Companies - $Rocket Lab(RKLB.US) $Redwire(RDW.US) $Firefly Aerospace(FLY.US) $L3Harris Tech(LHX.US) $ViaSat(VSAT.US)

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ U.S. Space Force awards contracts with a ceiling value of $𝟵𝟴𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.

➤ 𝟭𝟱 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 selected under a multiple-award IDIQ contract.

➤ Contract supports 𝘀𝗽𝗮𝗰𝗲 𝘁𝗲𝘀𝘁, 𝗲𝘃𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻, and 𝘁𝗿𝗮𝗶𝗻𝗶𝗻𝗴 capabilities.

➤ Work includes 𝘀𝗽𝗮𝗰𝗲 and 𝗴𝗿𝗼𝘂𝗻𝗱-𝗯𝗮𝘀𝗲𝗱 engineering activities.

➤ Performance is scheduled through 𝗝𝘂𝗹𝘆 𝟮𝟵, 𝟮𝟬𝟯𝟮.

➤ 𝟮𝟬 𝗼𝗳𝗳𝗲𝗿𝘀 were received through a competitive acquisition.

➤ No funds are obligated at the time of contract award.

➤ Major awardees include 𝗟𝗼𝗰𝗸𝗵𝗲𝗲𝗱 𝗠𝗮𝗿𝘁𝗶𝗻, 𝗕𝗼𝗲𝗶𝗻𝗴, 𝗟𝟯𝗛𝗮𝗿𝗿𝗶𝘀, 𝗥𝗼𝗰𝗸𝗲𝘁 𝗟𝗮𝗯, 𝗙𝗶𝗿𝗲𝗳𝗹𝘆 𝗔𝗲𝗿𝗼𝘀𝗽𝗮𝗰𝗲, 𝗥𝗲𝗱𝘄𝗶𝗿𝗲, 𝗮𝗻𝗱 𝗩𝗶𝗮𝘀𝗮𝘁.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Expands U.S. capabilities for 𝘀𝗽𝗮𝗰𝗲 𝘁𝗲𝘀𝘁𝗶𝗻𝗴 and operational readiness.

➤ Creates long-term contracting opportunities across the 𝘀𝗽𝗮𝗰𝗲 and 𝗱𝗲𝗳𝗲𝗻𝘀𝗲 sector.

➤ Positions participating companies to compete for future task orders through 𝟮𝟬𝟯𝟮.

➤ Highlights continued U.S. investment in next-generation 𝘀𝗽𝗮𝗰𝗲 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 and national security.

$Apple(AAPL.US) | Evercore ISI 𝗿𝗲𝗶𝘁𝗲𝗿𝗮𝘁𝗲𝘀 𝗢𝘂𝘁𝗽𝗲𝗿𝗳𝗼𝗿𝗺 on 𝗔𝗽𝗽𝗹𝗲, maintains PT at $𝟯𝟲𝟱

Analyst sees a solid headline beat for Apple, but notes underlying results were largely in-line after excluding a one-time tariff-related benefit.

🚨 After-market buzz!

$AXT(AXTI.US) $Cohu(COHU.US) $Monolithic Power(MPWR.US) $Floor & Decor(FND.US) $Caredex(CDNA.US) $Amazon(AMZN.US) $DexCom(DXCM.US) $First Solar(FSLR.US) $Neurocrine Biosciences(NBIX.US) $Super Micro Computer(SMCI.US) $Tempus AI(TEM.US) $Ameren(AEE.US) $Corteva(CTVA.US) $Apple(AAPL.US) $BigBear.ai(BBAI.US) $Coinbase(COIN.US) $Reddit(RDDT.US) $Western Union(WU.US) $Stryker(SYK.US) $GoDaddy(GDDY.US) $Roblox(RBLX.US)

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: Supermicro Launches New AI Data Center Rack Portfolio for High-Density Deployments - $Super Micro Computer(SMCI.US) $NVIDIA(NVDA.US)

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗦𝘂𝗽𝗲𝗿𝗺𝗶𝗰𝗿𝗼 unveils 𝟭𝟬 new AI data center rack models.

➤ Portfolio supports 𝗡𝗩𝗜𝗗𝗜𝗔 𝗩𝗲𝗿𝗮 𝗥𝘂𝗯𝗶𝗻/𝗚𝗕𝟯𝟬𝟬 𝗠𝗚𝗫 platform.

➤ Racks are available in 𝟰𝟰𝗢𝗨, 𝟰𝟴𝗨, 𝟰𝟴𝗢𝗨, and 𝟱𝟮𝗨 configurations.

➤ All models support advanced 𝗹𝗶𝗾𝘂𝗶𝗱 𝗰𝗼𝗼𝗹𝗶𝗻𝗴 integration.

➤ Racks support up to 𝟱,𝟱𝟬𝟬 𝗹𝗯. (𝟮,𝟱𝟬𝟬 𝗸𝗴) static load capacity.

➤ Systems passed 𝗚𝗥-𝟲𝟯-𝗖𝗢𝗥𝗘 𝗭𝗼𝗻𝗲 𝟰 seismic and vibration testing.

➤ Racks ship 𝗳𝗮𝗰𝘁𝗼𝗿𝘆 𝗽𝗿𝗲-𝗮𝘀𝘀𝗲𝗺𝗯𝗹𝗲𝗱 for rapid deployment.

➤ Supermicro can deliver up to 𝟯,𝟬𝟬𝟬 racks monthly, including 𝟮,𝟬𝟬𝟬 liquid-cooled units.

➤ New rack portfolio is available 𝘄𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲 immediately.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Expands infrastructure for next-generation 𝗔𝗜 𝗳𝗮𝗰𝘁𝗼𝗿𝗶𝗲𝘀 and hyperscale deployments.

➤ Higher liquid-cooling capacity supports increasingly power-hungry 𝗔𝗜 𝗚𝗣𝗨 clusters.

➤ Reinforces 𝗦𝘂𝗽𝗲𝗿𝗺𝗶𝗰𝗿𝗼'𝘀 position in the rapidly growing AI server market.

➤ Large-scale manufacturing capacity may accelerate AI infrastructure rollouts globally.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁:

𝗖𝗵𝗮𝗿𝗹𝗲𝘀 𝗟𝗶𝗮𝗻𝗴, President and CEO of Supermicro:

"We can deliver up to 3,000 racks per month, including 2,000 liquid-cooled units, from our manufacturing facilities in Silicon Valley, the Netherlands, and Taiwan."

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $ServiceNow(NOW.US) ServiceNow Could Cut Around 𝟭,𝟬𝟬𝟬 Jobs as Acquisition Integration Continues

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝗡𝗼𝘄 could reduce around 𝟭,𝟬𝟬𝟬 roles during 𝟮𝟬𝟮𝟲.

➤ Workforce changes follow the acquisitions of 𝗠𝗼𝘃𝗲𝘄𝗼𝗿𝗸𝘀, 𝗩𝗲𝘇𝗮, and 𝗔𝗿𝗺𝗶𝘀.

➤ Company aims to end 𝟮𝟬𝟮𝟲 with roughly the same headcount it started with.

➤ ServiceNow entered 𝟮𝟬𝟮𝟲 with about 𝟮𝟵,𝟬𝟬𝟬 employees and now has around 𝟯𝟬,𝟬𝟬𝟬.

➤ Sources said reports of 𝟯,𝟬𝟬𝟬–𝟱,𝟬𝟬𝟬 job cuts are overstated.

➤ Restructuring is being implemented gradually over several months.

➤ ServiceNow raised its full-year 𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗽𝘁𝗶𝗼𝗻 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 outlook after strong Q2 results.

➤ Shares remain down more than 𝟮𝟰% year-to-date despite improving AI momentum.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Indicates workforce optimization rather than broad cost-cutting.

➤ Reflects integration of recent acquisitions while maintaining profitability goals.

➤ Reinforces ServiceNow's focus on AI-driven growth and margin expansion.

➤ Clarifies market speculation by suggesting layoffs are far smaller than rumored.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗕𝗶𝗹𝗹 𝗠𝗰𝗗𝗲𝗿𝗺𝗼𝘁𝘁, CEO of ServiceNow:

"We’re a growth company, and we’re going to grow. We’re going to grow fast."

"complete this cycle of 2026 and start 2027 with the exact same headcount before we did the acquisitions."

“The company’s sterling fundamentals have us operating to the Rule of 56, well on our way to the Rule of 60. With our AI Control Tower as the market standard, agentic deployments of ServiceNow AI increased ninefold in just nine months. Our $29 billion in remaining performance obligations is fueled by longer customer commitments and skyrocketing demand from our partner ecosystem.”

$Core Scientific, Inc.(CORZ.US) | Freedom Broker 𝘂𝗽𝗴𝗿𝗮𝗱𝗲𝘀 𝗖𝗼𝗿𝗲 𝗦𝗰𝗶𝗲𝗻𝘁𝗶𝗳𝗶𝗰 𝗜𝗻𝗰. from Hold to 𝗕𝘂𝘆, PT $𝟯𝟯

Analyst sees an improved story after a 40% stock drop, citing the addition of AMD as a major partner and progress on its CoreWeave power contract.