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Wall Street Is Bullish on SpaceX, Despite Recent Stock Weakness
The Wall Street Journal2d agoneutral
Wall Street Is Bullish on SpaceX, Despite Recent Stock Weakness

Wall Street has reached a broad consensus about SpaceX’s shares: investors should buy them. Among 25 analysts with a stock recommendation for the space-and-artificial intelligence company, 21 suggest purchasing the stock or have an “overweight” rating on it, according to a tally from FactSet. SpaceX’s stock has been trading under its IPO price of $135 over the last couple of weeks, weighed down in part by the expectation that insiders will start selling shares when lock-up periods preventing them from doing so expire.

AI data-centre race builds $1 trillion lease burden for Big Tech
Reuters2d agoneutral
AI data-centre race builds $1 trillion lease burden for Big Tech

Microsoft Corp, Meta Platforms Inc, Oracle Corp, Amazon and Alphabet have committed about $1.09 trillion in future payments under leases that have not yet begun, mostly for data centres ‌needed to power the artificial intelligence boom. The commitments show that a substantial part of Big Tech's ‌AI spending spree has already been locked in, without yet appearing as debt-like lease liabilities on company balance sheets. The total is nearly four times the roughly $285 billion of lease liabilities already recognised on the companies' balance sheets, according to company filings compiled by ‌Reuters.

Analysis-Oracle Corp goes for high-stakes ratings gamble in AI strategy
Reuters2d agoneutral
Analysis-Oracle Corp goes for high-stakes ratings gamble in AI strategy

Cloud computing giant Oracle Corp is on the cusp of a junk-grade credit rating and its shares have tanked as the artificial intelligence hyperscaler becomes the fall guy of investors' concerns over the sector's debt-fuelled spending binge. The U.S. multinational is an outlier among top software firms racing to buy chips and build computing power to leapfrog the AI boom, forced by its limited cash reserves to borrow heavily and undertake massive long-term leases. The extent of the splurge came to light in June, ‌when Oracle's results for the fiscal year ending in May 2026 showed its free cash flows were negative, the bulk of its revenue was spent on capital expenditure and it had signed roughly $260 billion of data centre leases, some starting next year.

Deutsche Bank sees jarring signs in Roblox as stock crashes
TheStreet2d agobearish
Deutsche Bank sees jarring signs in Roblox as stock crashes

Roblox (RBLX) stock fell hard over the past year, but its user base kept growing, and plenty of investors were willing to wait for a turnaround. That patience ran out on July 31. Roblox reported second-quarter results, then told the market something concerning. The company expects its ...

Flag Ship Acquisition Targets AI Compute, Aircraft Engines for Cash Flow
MarketBeat2d agoneutral
Flag Ship Acquisition Targets AI Compute, Aircraft Engines for Cash Flow

Flag Ship Acquisition (NASDAQ:ETHZ) executives, speaking during a Forum Markets presentation hosted by Force Family Office, outlined a strategy centered on acquiring cash-generating real-world assets while maintaining the option to fractionalize and tokenize those assets as the market develops. Joh

Powell Industries Q3 Earnings Call Highlights
MarketBeat2d agoneutral
Powell Industries Q3 Earnings Call Highlights

Powell Industries (NASDAQ:POWL) reported record third-quarter order bookings and a backlog that surpassed $2 billion for the first time in its 79-year history, as demand remained strong across data centers, electric utilities, LNG and other industrial markets. For the fiscal third quarter ended Jun

Caterpillar Surges as Data Center Boom Drives Growth
Bloomberg2d agobullishVIDEO
Caterpillar Surges as Data Center Boom Drives Growth

Caterpillar Inc. surged after the company crushed Wall Street's second-quarter expectations and raised its sales outlook, easing concerns that demand for power-generation equipment used in data centers was beginning to cool. Bloomberg's Chris Ciolino joins to discuss.

💬 Money Quote: David Ellison
The Wall Street Journal2d agoneutral
💬 Money Quote: David Ellison

📣 "I believe this fight is not really about market share...The issue is whether I can be trusted as a steward of Warner’s CNN...When it comes to our news operations, I do not aspire to lead these companies to bend their newsrooms to my views.

Bloomberg2d agoneutral
Apple Gears Up for September iPhone Launch With Retail Employee Lottery

(Bloomberg) -- With Apple Inc. gearing up for its biggest product launch of the year, the company is opening a lottery for US retail employees who want to help staff the in-person unveiling.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersTaco Bell Met With Michigan on Parasite Weeks Before RecallQatar, US Signal Progress on Hormuz-Focused Iran DealApple’s New CEO Taps Retired Hardware Executive for Ma

Bloomberg2d agoneutral
Chipotle Pulled Jalapeños Tied to Minnesota Salmonella Cases

(Bloomberg) -- Chipotle Mexican Grill Inc. removed jalapeños from multiple stores in Minnesota after learning the peppers may be linked to a salmonella outbreak in the state that’s sickened 110 people.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersTaco Bell Met With Michigan on Parasite Weeks Before RecallApple’s New CEO Taps Retired Hardware Executive for Management TeamQatar, Bessent Signal Progres

Caterpillar Races to Build Generators for Power-Hungry Data Centers
The Wall Street Journal2d agoneutral
Caterpillar Races to Build Generators for Power-Hungry Data Centers

Data-center developers’ demand for generators is booming, and Caterpillar is racing to meet it. The construction equipment maker said Tuesday it converted an existing plant in Wamego, Kan., to make turbine engines popular with data centers. Caterpillar also is resuming production of 10-megawatt generators, last made in 2022, and which the company expects to begin shipping in the fourth quarter.