Tesla confirms Cybercab launch coming next week
Electrek·- Tesla confirmed it will host an invite-only Cybercab launch event in Austin on September 3, 2026, while also providing a livestream for the public. - The new vehicle is a two-seat car featuring no steering wheel, which will join Tesla's existing unsupervised Robotaxi fleet of approximately two dozen vehicles operating in Austin. - Winners of the rider sweepstakes will gain exclusive access to hail the Cybercab through Tesla's existing Robotaxi app.Nvidia Earnings: Wall Street Expects Growth to Slow in Q2 — Dan Niles Says Hyperscalers Are Spending Like Never Before
benzinga_article·- Investor Dan Niles stated that Nvidia’s growth expectations may be conservative due to hyperscaler capital expenditures growing 92 % year-over-year in the quarter ending June 30. - Wall Street projects Nvidia's second-quarter revenue to reach $92.03 billion and earnings per share to hit $2.07. - Niles noted that Nvidia trades at 17 times projected 2027 earnings, presenting a favorable risk-reward setup despite local political headwinds against data centers.AMD or Nvidia: Load Up on One AI Chip Stock, but Avoid the Other, Says Investor
Tip Ranks·- Investor Elizabeth Pramila argues that AMD is poised to outperform Nvidia in the coming years by capturing AI spending through efficiency, flexibility, customization, and cost-effective inference. - The investment thesis highlights that AMD's MI400 GPUs, Helios rack-scale platform, and sixth-generation EPYC server CPUs provide competitive alternatives that appeal to major cloud providers and AI labs. - Pramila rates AMD as a Strong Buy with an average price target of $647.42 pointing toward 37% returns, while maintaining a Strong Sell rating on Nvidia despite Wall Street's consensus Strong Buy for both stocks.Amazon hikes hardware prices by 60 percent, blaming memory shortage
TechCrunch·- Amazon significantly increased the prices of hardware devices like Fire TVs, Echos, Kindles, and Eeros by up to 60 percent over the weekend. - The company attributed the price hikes to rising memory and storage component costs driven by the global memory shortage. - This shortage, fueled by the AI boom, is expected to continue throughout 2027 before prices potentially stabilize in 2028.Micron Sees 'No End' to AI Memory Supply Crunch: CEO Sanjay Mehrotra Says 'Nothing Ever Goes in a Straight Line'
benzinga_article·- Micron Technology CEO Sanjay Mehrotra stated that artificial intelligence-driven memory demand shows no sign of easing, supported by multiyear customer agreements signaling a structural boom. - Analysts note that the memory market has become foundational rather than cyclical, with demand-to-supply ratios estimated at roughly 15 to 1 and meaningful production relief unlikely before 2028. - While Micron announced a $10 billion investment in Micron Research Labs to advance AI technologies, dissenting voices like ARK Invest caution that extraordinary pricing could eventually invite new competition.Turtle Creek Wealth Advisors LLC Acquires 2,496 Shares of Meta Platforms, Inc. $META
Market Beat·- Meta Platforms reported second-quarter revenue of $60.80 billion, representing a 28.0% year-over-year increase alongside an earnings per share of $6.18. - Institutional investors and hedge funds, including Turtle Creek Wealth Advisors LLC and Vanguard Group Inc., adjusted their shareholdings in the company during recent quarters. - The company faces ongoing legal challenges, insider stock sales, and market concerns over capital spending, while continuing to launch new artificial intelligence products and services.Pre-market hot trades in US stocks: Corning down 3.43% in pre-market; Micron Tech down 3.35% in pre-market
Price Alert·- Corning pre-market shares fell 3.43 % amid analyst downgrades and dividend announcements. - Micron Technology pre-market shares dropped 3.35 % despite a 10 billion dollar investment plan in Idaho and strong AI-driven memory demand. - Several other stocks experienced significant pre-market volatility, including Picard Medical rising 45.21 %, Sadot surging 42.45 % due to low float and increased buying, and SU Group climbing 38.07 % after regaining Nasdaq compliance.Recent Filing Shows That Rep. Nancy Pelosi Bought Over $4.25M Worth of Bloom Energy Stock
benzinga_article·- Representative Nancy Pelosi filed a purchase of Bloom Energy stock valued between $4,250,007 and $14,500,000, executed on July 24, 2026. - Over the last three years, Pelosi has completed 50 stock transactions totaling more than $40.62 million, including notable trades in Apple, NVIDIA, and Intel. - Under the 2012 STOCK Act, members of Congress are prohibited from using private information for personal gain and must file Periodic Transaction Reports.Top 5 US Stock Gainers/Losers (>100B) (8.24)
Top Gainers&Losers·- On August 24, major U.S. stock indices showed mixed results, with the Nasdaq falling 0.76 %, the S&P 500 down 0.28 %, and the Dow Jones rising 0.26 %. - Among companies with a market capitalization exceeding 100 billion, Altria Group and Mastercard recorded gains of 3.6 % and 3.31 % respectively. - Meanwhile, Seagate Technology and SanDisk experienced declines of 6.51 % and 6.45 % respectively.