UBS revamps S&P 500 target for rest of 2026
UBS raised its S&P 500 year-end 2026 target to 8,100 from 7,900, citing robust corporate earnings growth and supportive conditions for continued stock market gains through year-end.
This Company Just Paid Out $6.8 Billion. Its AI Bill Was 4x That
Microsoft distributed a $6.8 billion dividend in fiscal 2026 while spending $116 billion on AI infrastructure, representing a 4.5-to-1 ratio of capital expenditure to shareholder returns.
Cerebras stock plunges 14% after second earnings report following IPO
Cerebras stock fell 14% after reporting elevated full-year guidance in its second earnings report since its May IPO, though the chipmaker raised core revenue expectations.
Cisco’s stock drops despite earnings, revenue beat
Cisco’s stock declined in extended trading despite beating earnings and revenue expectations, with the company projecting strong quarterly revenue and full-year guidance.
Anthropic tells investors annualized revenue run rate climbed to $65 billion in July
Anthropic reported an annualized revenue run rate of $65 billion in July, a sevenfold increase year-over-year, as the AI company prepares for an anticipated initial public offering.
Zcash Price Hits 8-Year High as Grayscale ETF Gets Closer
Zcash reached an 8-year high after Grayscale filed an amended registration for its proposed Zcash ETF, which would be the first US ETF directly tracking the cryptocurrency.