Shenzhen Jiaxian Communication announced that Nvidia's AI-RAN technical team visited the company, and the two sides have established a technical working group. This indicates that cooperation in the AI-RAN field has entered a substantive stage, potentially advancing related technology development and application.
GOOGL: Alphabet (GOOG.O) Seeks up to USD 250 Hundred Million via Bond Issuance · Alphabet is seeking to raise up to USD 250 hundred million through a bond offering. The move could provide the company with additional capital for general corporate purposes.
Alphabet announced plans to issue bonds with various maturities, amid market concerns over AI spending. The bond sale aims to raise funds, though specific use remains undisclosed. Investors are watching whether this reflects the company's stance on AI investment.
Oman and Iran to Issue Joint Statement on Hormuz Transit Corridor · According to Al Arabiya TV, Oman and Iran will soon issue a joint statement regarding the transit corridor in the Strait of Hormuz. This could affect passage arrangements through the strategic waterway.
Zscaler to Host fourth quarter Earnings Call · Zscaler will host an earnings conference call for the fourth quarter of fiscal year 2026.
SNDK: SanDisk Q4 2026 earnings beat but stock falls on weak guidance · SanDisk reported earnings that exceeded expectations, but the stock declined due to weak guidance. This indicates market concerns about the company's near-term growth prospects.
DDOG: Datadog Earnings Top Views. Software Stock Plunges As Revenue Outlook Underwhelms. · Datadog reported earnings that beat expectations, but its revenue outlook disappointed, causing the stock to plunge. This indicates market concerns about the company's future growth prospects.
AppLovin second quarter Revenue Misses Street Views · Shares of AppLovin (APP) tumbled early Thursday after the mobile technology company's second-quarter revenue fell short of expectations.
Analysts focused on the average selling prices for Sandisk's memory chips and lower projected profit margins in the upcoming quarter. Despite record revenue, the guidance fell short, causing shares to drop premarket. The company announced a $14B buyback plan.
The Financial Times, citing sources, reported that Fed Chair Warsh is prepared to raise rates at the September (9) meeting if upcoming inflation data is strong and market expectations for higher borrowing costs rise. This indicates the Fed's policy path remains data-dependent and market-sensitive. The report is based on unnamed sources and has not been officially confirmed.
Data storage companies tumbled in premarket trading on Thursday after quarterly results from Sandisk and Western Digital failed to sustain momentum in an industry that has become one of Wall Street's hottest bets this year. Both companies forecast quarterly revenue that beat estimates compiled by LSEG, but fell short of high market expectations.
Cathie Wood's ARK Buys the Dip in NVDA, CRCL, SPCX Stocks – Dumps PLTR, SHOP, RBLX Shares · ARK Invest added to Circle after the company missed Wall Street's earnings and revenue expectations, and sold Shopify after an earnings beat.
Citi Raises Cisco Price Target · Citi raised its price target for Cisco (CSCO.O) from 112 USD to 139 USD. The adjustment reflects a positive outlook on the company.
Citi Raises Shopify Price Target · Citi raised its price target for Shopify from 150 USD to 196 USD. The adjustment reflects a positive outlook on the company's future performance.
Citi Cuts Sandisk Price Target · Citi lowered its price target for Sandisk (SNDK.O) from 2500 USD to 2100 USD. The adjustment reflects a reassessment of the company's future prospects.
Over the past 24 hours, Trump said he prefers a deal with Iran and may have to raise oil prices, while a reported ammunition-shortage dispute with his Defense Secretary was denied by the White House and his helicopter had a safety incident. He has repeatedly consulted Fed Chair Warsh on the economy, and Gulf states have urged him to abandon strikes against Iran. These developments could affect geopolitical risk and energy markets.
Sandisk (NASDAQ:SNDK) shares fell in premarket trading on Thursday after the flash memory manufacturer issued first-quarter guidance that failed to meet investors' elevated expectations, despite another quarter of exceptional growth fuelled by artificial intelligence demand.
AppLovin's revenue fell short of expectations and the company gave a cautious outlook, causing shares to drop despite an earnings beat. This suggests investors are focusing on growth prospects rather than short-term profitability.
The Cyberspace Administration of China announced a cybersecurity review of products sold by Palo Alto Networks in China, citing national security and critical information infrastructure protection. The review is based on China's National Security Law, Cybersecurity Law, and the Cybersecurity Review Measures.
According to Saudi outlet Alhadath, senior sources say Iran and Oman have reached a preliminary consensus on reopening the Hormuz Sea, with an agreement possibly announced within days. The deal, still requiring approval from Iran's Supreme National Security Council, would last 60 days and aims to restore navigation. This development is significant for regional shipping stability.
Nvidia has partnered exclusively with SpaceX for its Starmind satellite AI program, selecting Nvidia's Vera Rubin rackscale system as the dedicated AI platform. This positions Nvidia's hardware as a reference point for aerospace-focused AI compute. Separately, Nvidia-backed Volta Infra secured a $10 Billion multi-year AI cloud deal with Anthropic to build data centers in Europe.
SanDisk (SNDK.O) dropped over 8% in premarket trading after issuing weak guidance. Western Digital (WDC.O) fell 12% and SK Hynix (SKHY.O) fell 6% as the memory sector slumped. The declines reflect concerns about memory demand and the company's outlook.
SoftBank reported fiscal first-quarter profit that beat market expectations. The company received an $8.2 billion boost from Intel, while OpenAI's role was deprioritized. This reflects a strategic shift in SoftBank's investment focus.
Saudi Aramco lowered its Arab Light crude price for Asian customers next month as talks progress on a deal to ease shipping pressure in the Strait of Hormuz. The cut came despite Houthi threats to alternative Red Sea routes, and diverged from trader expectations of no change. Brent crude fell sharply this week.
SoftBank reported fiscal first-quarter profit that beat market expectations, boosted by an $8.2 billion investment gain from its stake in Intel. The gain highlights the value of SoftBank's investment portfolio. The better-than-expected earnings could bolster investor confidence in SoftBank's strategy.
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