TSMC is accelerating Arizona factory build-out to capitalize on AI 'megatrend,' CFO says
TSMC, or Taiwan Semiconductor Manufacturing Co., is scaling up its mega investment in Arizona by committing an additional $100 billion to aggressively expand its U.S. chipmaking footprint amid a surging multi-year structural demand for AI. The fresh commitment raises TSMC's total investment pipeline in Arizona to $265 billion, underscoring a massive AI-driven capacity build-out that also fueled an upward revision to the company's full-year capital expenditure to between $60 billion and $64 billion.
Hut 8 surges on $9.8 billion AI data-center lease, lifting compute sector
Hut 8 shares jumped as much as 14% Monday after the company signed a $9.8 billion, 15-year lease for the second phase of its Beacon Point AI data center campus in Texas. The deal, with the same investment-grade tenant as the first phase, adds 352 megawatts of Nvidia-based AI capacity and fully commercializes the 1-gigawatt site, bringing the tenant’s total commitment to 704 megawatts and the campus’ base contract value to $19.6 billion. CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Gas Tops $4 Again, Oil Hits $82. Here’s Why the Fed Has a Big Problem
According to AAA, the national average price for gasoline climbed to more than $4.00 per gallon from $3.87 just one week earlier, while West Texas Intermediate crude has risen above $82 per barrel after trading around $79 last week. Higher fuel costs force the Fed to balance sticky inflation against recession risk, as energy ripples through trucking, manufacturing, and household budgets. That leaves Fed policymakers balancing two competing risks:
Meta’s AI Ambitions Keep Expanding. Is META Stock Keeping Up?
Q1 2026 delivered revenue of $56.31 billion growing 33.08% year over year and EPS of $10.44 beating consensus by 56.79%, the fifth straight beat. Reality Labs bled $4 billion in Q1 operating losses, yet even the bear case projects META reaching $765, which would represent an 18% gain. Our bull case pegs META at $1,015.75, a 57.23% return. FY25 capex hit $72.22 billion and 2026 guidance stretches to $145 billion.
Will Anthropic Boost Alphabet’s Earnings to the Stratosphere?
Last quarter set a high bar. Alphabet posted an EPS beat of 94.1%, with $5.11 versus $2.63 expected, while revenue climbed 21.79% YoY to $109.9 billion. Google Cloud grew 63% to $20 billion, and backlog nearly doubled to $462 billion. Bank of America estimates the markup will drive roughly $80 billion in unrealized gains this quarter, prompting the firm to forecast EPS of $8.38, well above the Street. Any acceleration off the $20 billion base tells you TPU capacity is catching up. The $462 billion cloud backlog nearly doubled QoQ, and management expects just over 50% to convert to revenue within 24 months. Alphabet already raised 2026 capex to $180 to $190 billion and flagged 2027 will “significantly increase”.
Should You Buy Alphabet Stock Before July 22? Wall Street Has a Clear Answer.
Revenue increased 22% to $109.8 billion, the fourth straight acceleration, driven by particularly strong sales growth in the cloud segment, which itself was due to insatiable demand for artificial intelligence (AI) infrastructure. Meanwhile, net income increased 82% to $5.11 per diluted share, but that figure was inflated by unrealized investment gains, primarily from Alphabet's stake in SpaceX. Operating earnings, which excludes those investment gains, increased 29% to $39.6 billion. Alphabet didn't provide guidance for the second quarter. But the Wall Street consensus estimate says revenue will increase 21% to $116.8 billion and earnings (excluding the impact of unrealized investment gains) will increase 25% to $2.89 per diluted share. Investors should review management's commentary about capital expenditures (capex), meaning what the company plans to spend on property, plants, and equipment this year. During the first-quarter earnings call, management said capex would total $180 billion to $190 billion in 2026, slightly higher than what it projected earlier in the year. Morgan Stanley analyst Brian Nowak estimates TPUs will account for 25% of Google Cloud revenue by 2028, up from about 5% today. In turn, he expects Google Cloud revenue to grow at 75% annually over that period, bringing Alphabet's companywide earnings per share to $19 in 2028.
Google parent Alphabet to report Q2 earnings in latest test of AI trade
According to Bloomberg, Google has delayed its Gemini 3.5 Pro model over concerns related to its capabilities compared to other leading models. For the second quarter, Alphabet is expected to report earnings per share (EPS) of $2.95 on revenue of $116.98 billion. Revenue excluding traffic acquisition costs is anticipated to be $101.5 billion. Google's Cloud Platform (GCP) revenue should hit $22.4 billion, up 64% from the $13.6 billion the company reported in Q2 2025. Remaining performance obligations (RPOs), or contracts that Google still has to deliver on, are expected to top $488.1 billion, up 351% from Q2 last year.
“Oracle’s Crash Has Cost Larry Ellison $213 Billion. Now It Could End His Son’s $110 Billion Media Empire Dream”
A $213 Billion Wealth Collapse According to Bloomberg Billionaires Index data cited in reporting, Larry Ellison's net worth peaked near $388 billion in September 2025, when Oracle traded at $345.72 a share, making him only the second person ever, after Elon Musk, to cross $400 billion at his height. By mid-July 2026, that fortune had fallen to roughly $175 billion, a decline of about $213 billion in under 10 months, dropping him from No. 2 to No. 8 on the index. The Q4 FY2026 8-K shows Remaining Performance Obligations of $638 billion, up 363% YoY, most of it locked into contracts that will not translate to cash for years.
GE Aerospace CEO: $210B Backlog and Historic Transatlantic Flight Proves Hybrid-Electric Aviation Is Coming
GE Aerospace beat Q2 estimates with adjusted EPS of $2.02, raised full-year EPS guidance, and holds a $210 billion engine and services backlog. Boeing's 737 running at 42 per month and its $695 billion commercial backlog directly fuel demand for GE's LEAP and GEnx engine programs. Management lifted full-year 2026 guidance to adjusted EPS of $7.65 to $7.85, operating profit of $10.55 to $10.75 billion, and free cash flow of $8.90 to $9.20 billion. The demand signal driving those numbers is a backlog Culp put at $210 billion between new engines and aftermarket services.
Northrop Grumman raises 2026 forecasts on strong weapons demand
Northrop lifted its 2026 revenue forecast by $250 million to a range of $43.75 billion to $44.25 billion, roughly in line with Wall Street estimates, according to data compiled by LSEG. The Falls Church, Virginia-based company reported total sales of $10.88 billion for the quarter ended June 30, higher than the $10.35 billion it posted a year earlier. Its total backlog rose 9% to $104.7 billion during the period.
AMC’s Meme Stock Mania Is Back, Thanks to Christopher Nolan’s $264 Million New Blockbuster
Shares of AMC Entertainment (NYSE:AMC) jumped about 27% on Monday, July 20, 2026, closing at $2.46, after the theater chain posted the biggest quarterly revenue and profit in its 106-year history. The surge extended a hot streak: AMC is up roughly 32% over the past week and about 58% year to date, reviving the frenzied retail trading that made it a meme stock legend in 2021. AMC’s second-quarter revenue rose 14.2% year over year to roughly $1.6 billion, and Adjusted EBITDA climbed 70% to a record $321.4 million, the best quarter in the company’s history. The film opened to $124 million domestically and $264 million globally in its first three days, Nolan’s biggest global debut ever, recouping its full $250 million production budget almost immediately. AMC felt the impact directly. The chain drew 4.3 million patrons globally for the film’s opening weekend, and more than half of ticket receipts came from premium giant-screen formats like IMAX and Dolby, which carry higher prices and fatter margins. CEO Adam Aron is not shy about the moment. He has pointed to “The Odyssey,” alongside “Spider-Man: Brand New Day,” “Dune: Part Three,” and “Avengers: Doomsday,” as reasons 2026 could be the strongest year for movie theaters since before the pandemic. AMC still carries $3,851.6 million in corporate borrowings and negative stockholders’ equity of $1,452.7 million.
Wärtsilä Oyj Abp (WRTBY) Q2 2026 Earnings Call Transcript
Total order intake increased by 33% to EUR 2.8 billion, and that is an all-time high quarter in the history of Wartsila. And we recorded all-time highs, both in Energy and Marine. So all-time high quarterly order intake for energy, close to EUR 1.7 billion, all-time high also order intake for Marine at EUR 1.2 billion.