ADVFN US – Market Content Editor
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Alphabet’s Early SpaceX Investment Grows More Than 100-Fold to $94 Billion
Alphabet (NASDAQ:GOOG) has generated an extraordinary paper return from its early investment in SpaceX (NASDAQ:SPCX), with its disclosed holding valued at approximately $94 billion at the end of June, more than 100 times the $900 million the Google parent invested in Elon Musk’s space company in 2015. Following SpaceX’s $86 billion initial public offering in…
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BofA’s Hartnett Says Policy Backstop Belief Is Keeping Fear Out of Wall Street
Wall Street’s continued appetite for risk reflects a widespread belief that policymakers will step in to protect markets when necessary, helping stocks climb even as government debt expands and bond yields remain elevated, according to Bank of America strategist Michael Hartnett. Hartnett and his team said the defining asset-allocation themes of the 2020s remain “Anything…
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U.S. Stocks Fall Despite Historic Earnings Beats, Barclays Says
U.S. companies delivered an exceptionally strong second-quarter 2026 earnings season, but share-price reactions remained surprisingly weak as elevated expectations and crowded positioning made it increasingly difficult for companies to impress investors, according to Barclays. The investment bank said 85% of companies reported earnings above expectations during the quarter, compared with a long-term average of 76%.…
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Bloom Energy Shares Rise as Nebius AI Data Centre Partnership Boosts Power Demand Outlook
Bloom Energy (NYSE:BE) shares gained 1.6% in pre-market trading to $240 as investors continued to respond positively to a major artificial intelligence data centre partnership announced this week. The catalyst emerged on August 13, when Nvidia-backed AI cloud operator Nebius Group revealed during its second-quarter 2026 earnings call that it had selected Bloom Energy’s fuel-cell…
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SanDisk Shares Rise After Investor Day as JPMorgan Upgrades Stock
SanDisk (NASDAQ:SNDK) shares gained 3.8% in pre-market trading, extending the rally triggered by the company’s 2026 Investor Day on Thursday after JPMorgan upgraded the stock to Overweight from rating suspended. JPMorgan set a new price target of $2,250, implying approximately 47% upside from the previous closing price. The upgrade followed a presentation in which management…
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Applied Materials Shares Fall as Strong Q3 Results Fail to Meet Elevated Expectations
Applied Materials (NASDAQ:AMAT) shares fell 5.4% in pre-market trading after the semiconductor equipment maker’s record fiscal third-quarter 2026 results failed to impress investors following the stock’s substantial year-to-date rally. The company reported revenue of $9.12 billion, an increase of 25% from the previous year and ahead of the approximately $8.99 billion analyst consensus. Non-GAAP earnings…
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LG and Nvidia Expand Partnership Across Robotics, AI Factories and Mobility
LG Corp and Nvidia (NASDAQ:NVDA) have signed a memorandum of understanding to deepen their strategic collaboration across robotics, artificial intelligence factories and next-generation mobility technologies. The agreement brings together LG’s manufacturing and technology operations with Nvidia’s AI computing platforms as the South Korean group looks to accelerate the adoption of physical AI across factories, robots…
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Pony.ai and Uber Plan Deployment of More Than 2,000 Robotaxis Across Europe
Pony.ai (NASDAQ:PONY) announced on Friday that it intends to deploy more than 2,000 robotaxis across Europe as part of an expanded partnership with ride-hailing company Uber Technologies (NYSE:UBER). The planned rollout represents a significant expansion of the companies’ autonomous mobility collaboration as Pony.ai seeks to extend its technology into additional international markets. Partnership to expand…
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Nu Holdings Shares Surge After First $1 Billion Quarterly Profit
Nu Holdings (NYSE:NU) shares jumped 9.1% in pre-market trading after the Latin American digital banking group delivered a record second-quarter performance, including quarterly net income above $1 billion for the first time in its 13-year history. The results, released after the market close on August 13, 2026, showed net income of $1.06 billion, representing currency-neutral…
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Birkenstock Shares Fall as Discounted Secondary Offering Pressures Stock
Birkenstock Holding (NYSE:BIRK) shares dropped 2.5% in pre-market trading after the footwear company announced a secondary offering involving 22.5 million shares priced below the stock’s previous market close. The shares are being sold by BK LC Lux MidCo S.à r.l., an entity affiliated with L Catterton, with the offering price representing a 4.02% discount to…