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Nvidia’s valuation has cratered to roughly 12 times earnings, well below the broader market. The narrative has shifted from AI compute euphoria to a hard look at capex returns, competitive dynamics, and the macro backdrop.
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A coalition of airlines and manufacturers is pressing Congress for a $20 billion upgrade of the U.S. air traffic control system. Boeing shares edged down 0.14% on Friday.
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Netflix’s Q3 revenue forecast of $12.86 billion badly missed the Street’s $13 billion target, sending shares down 7.26%. The streaming giant also dialed back viewing-data transparency, adding to worries about slowing growth.
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Wall Street’s big banks smashed Q2 estimates on a surge in trading and investment banking fees, prompting Goldman Sachs to raise earnings forecasts for rivals. Bank of America boosted its JPMorgan price target to $420, seeing 21% upside.
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Microsoft closed Friday at $393.82, down 1.8%, as the market digests AI-driven volatility and pivots to a heavy week of Big Tech earnings. The VIX is hovering around 15-16, and some portfolio managers see a buying opportunity.
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Canadian lithium-ion battery maker Electrovaya has signed a supply agreement with Amazon. The deal could support Amazon’s logistics electrification push, but financial terms remain undisclosed.
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Apple (AAPL) reclaimed the title of the world’s most valuable company on Friday, July 17, with a market cap of roughly $4.88 trillion, overtaking Nvidia. The move was driven by a reassessment of Apple’s low-CapEx AI strategy and a major regulatory win in China.
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Micron Technology (MU) is the bellwether for the AI trade, and Wall Street is trying to model peak earnings if the cycle has legs. The stock whipsawed nearly 12% on Friday, closing at $848.95.
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Analysts are raising targets and reiterating buy ratings on JPMorgan after a blowout Q2 beat. But the stock closed Friday at $341.10, down 0.6%, as the market digests the news and CEO Jamie Dimon’s broader warnings.
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As shoppers tighten grocery budgets, Walmart’s value pitch and aggressive promotions have made it a top pick on CNBC’s “Best Stocks” list — while Costco’s stock slips. Here’s why the retail giants are heading in opposite directions.
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Gold suffered its steepest weekly drop in six weeks, sliding 2.3% as the $4,000 support level crumbled under the weight of escalating US-Iran tensions, surging oil prices, and shifting Fed rate expectations. The metal closed near $3,981.50, with bulls struggling to reclaim the key…
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Eli Lilly is buying psychedelic-drug developer AtaiBeckley for up to $3.8 billion, its biggest bet yet on a novel treatment for hard-to-treat depression. The deal’s lead asset, BPL-003, showed a single dose can slash symptoms for months and has already won FDA breakthrough status.