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Alphabet Inc. (Class C)

Alphabet Inc. (Class C)

$GOOG
NASDAQTechnology

425 stories mentioning Alphabet Inc. (Class C)Updated 2d ago

Alphabet's Google announced a $1.5 billion 2026-27 expansion of its Alabama data center campuses, funding its own power and infrastructure costs.

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Wire

Top Midday Stories: Dick's Sporting Goods Earnings, Guidance Undershoot Targets; SpaceX Targets Q4 2027 for First AI Satellite Launches

The Nasdaq Composite and S&P 500 Index were up, while the Dow Jones Industrial Average was roughly flat in late-morning trading, as longer-dated Treasury bond yields were down slightly and investors looked ahead to Nvidia's (NVDA) earnings results on Wednesday.Canada will impose counter tariffs of 15%, 25% or 50% on about $20 billion of imports from the US, effective Sept. 8, in response to President Donald Trumps recent announcement of 50% tariffs on roughly $20 billion of Canadian goods, Canadian Finance Minister Francois-Philippe Champagne said Tuesday at a press conference.In company news, Dick's Sporting Goods (DKS) reported fiscal Q2 non-GAAP earnings Tuesday of $3.53 per diluted share, down from $4.38 a year ago and below the FactSet consensus analyst estimate of $3.76. Fiscal Q2 net sales were $5.59 billion, up from $3.65 billion a year ago but below the FactSet consensus of $5.64 billion. For fiscal 2026, the company expects non-GAAP EPS of $11 to $12, down from its prior guidance of $13.50 to $14.50 and below the FactSet consensus of $14.28. Full-year net sales are expected to be between $21.9 billion and $22.2 billion, down from Dick's previous guidance of $22.1 billion to $22.4 billion and below the FactSet consensus of $22.33 billion. Shares of Dick's were down 27.6% around midday.SpaceX (SPCX) plans to launch its first artificial intelligence satellites run by Nvidia chips in Q4 2027, with the network expected to reach significant scale in 2028, Chief Executive Elon Musk said Monday on X. SpaceX shares were up 3.3%.Alphabet's (GOOG, GOOGL) Google Cloud said Tuesday it has launched a new agentic AI service for financial professionals, with Deutsche Bank (DB) and CME Group (CME) among those firms granted early access. Gemini Enterprise for Financial Services includes the Financial Research agent, skills to create shortcuts for repetitive tasks, integrations to FactSet (FDS) and Moody's (MCO), a third-party agent ecosystem and the Gemini Enterprise platform, the company said. Separately, Alphabet's Waymo said Tuesday it plans to establish a fully autonomous ride-hailing network in Munich. Alphabet's Class C and Class A shares were both down 0.5%, while Deutsche Bank and CME Group shares were up 1.0% and down 0.4%, respectively.Bank of Montreal (BMO) reported fiscal Q3 adjusted EPS Tuesday of 3.96 Canadian dollars ($2.86), up from CA$3.23 a year earlier and above the FactSet consensus of CA$3.77. Fiscal Q3 revenue was CA$9.9 billion, up from CA$8.99 billion a year ago and above the FactSet consensus of CA$9.73 billion. The bank said it plans to repurchase for cancellation up to 25 million of its common shares under a normal course issuer bid. The buyback program is expected to start around Sept. 8 and run until Sept. 7, 2027, the company said. Bank of Montrea shares were down 0.3%.Bank of Nova Scotia (BNS) reported fiscal Q3 adjusted EPS Tuesday of CA$2.28, up from CA$1.88 a year earlier and above the FactSet consensus of CA$2.10. Fiscal Q3 revenue was CA$10.54 billion, up from CA$9.49 billion a year ago and above the FactSet consensus of CA$9.98 billion. Scotiabank shares were up 4.9%.Price: $211.22, Change: $+2.74, Percent Change: +1.31%

$BMO$BNS$CME$DB$DKS$GOOG$GOOGL$NVDA$SPCX
Wire

Alphabet's Waymo Plans to Launch Service in Munich in 2027

Alphabet's (GOOG, GOOGL) Waymo said Tuesday it is laying the groundwork for a fully autonomous ride hailing service in Munich, Germany, toward the end of next year.Waymo said it will start with mapping of local street networks and testing with autonomous specialists behind the wheel.The company said it plans to open commercial ride-hailing to the public toward the end of 2027 after a validation period.Price: $342.87, Change: $-1.72, Percent Change: -0.50%

$GOOG$GOOGL
Wire

Alphabet's Google Cloud Enters Enterprise AI Partnership With Verizon

Alphabet's (GOOG) Google Cloud said Monday it has entered into a strategic partnership agreement with Verizon Communications (VZ) to deploy its full-stack AI across the company.Verizon will also use Google's Gemini Enterprise to improve customer service, as well as consolidate its legacy data lakes to Google's Agentic Data Cloud, according to a statement.Financial terms of the agreement were not disclosed.Price: $345.43, Change: $+3.68, Percent Change: +1.08%

$GOOG$GOOGL$VZ
Marvell Quarterly Results Poised for Upside Led by AI, Customer Wins, Oppenheimer Says
US Markets

Marvell Quarterly Results Poised for Upside Led by AI, Customer Wins, Oppenheimer Says

Marvell Technology (MRVL) could top expectations for its fiscal second-quarter results and provide an upbeat outlook amid artificial intelligence strength and growing customer wins, Oppenheimer said in a note e-mailed Friday.The chip designer is scheduled to report second-quarter results Thursday. Oppenheimer expects earnings of $0.94 a share on revenue of about $2.73 billion for the quarter. Analysts polled by FactSet are looking for $0.93 and $2.71 billion, respectively."We see upside to (second-quarter) results and (third-quarter) outlook led by AI as (cloud service provider data center) builds scale and (Marvell) wins ramp," Oppenheimer analysts Rick Schafer and Trevor Bowers said in a note to clients.The company's data center business is expected to see double-digit percentage growth both sequentially and annually in the quarter amid "tight" supply, the analysts said.Earlier this week, Marvell entered into a deal that would allow Alphabet's (GOOG, GOOGL) Google to purchase up to $12.18 billion of Marvell shares as part of a collaboration.Oppenheimer expects cloud service provider capital expenditures at roughly $750 billion in 2026 and $1 trillion next year, providing "robust order visibility" for Marvell and other key infrastructure providers."Over 20 custom (application-specific integrated circuit) plus offload wins validate (management's) expectation for custom AI ASIC sales to double next year before exceeding $10 (billion) in (2028)," the analysts said.Oppenheimer projects Marvell's revenue at $11.77 billion in fiscal 2027 and $16.81 billion next year, as well as a path to $11 to $12 earnings per share in 2028, according to the note.The brokerage raised its price target on the Marvell stock to $300 from $250 while reiterating its outperform rating, saying it continues to be a "long-term" buyer.The company's shares were down 5.4% in Friday late-afternoon trade. So far in 2026, the stock has surged 179%.Earlier this week, UBS Securities raised its estimates on Marvell ahead of its fiscal second-quarter results, citing accelerating AI spending by major hyperscalers, strong demand for optical and networking products, and momentum in its custom chip programs with Microsoft (MSFT) and Google.Price: $237.22, Change: $-13.79, Percent Change: -5.49%

$GOOG$GOOGL$MRVL$MSFT
Wire

Tesla Robotaxi, Alphabet's Waymo, Uber's Aviari Approved to Operate in Nevada by State Regulator

Tesla (TSLA) Robotaxi, Alphabet's (GOOG, GOOGL) Waymo, and Uber Technologies' (UBER) Aviari Services have been approved by the Nevada Transportation Authority to operate as Autonomous Vehicle Network Companies in the state, the agency said Friday.The approvals authorize each company to provide paid passenger transportation in fully autonomous vehicles within Clark County, subject to other conditions approved by the agency, according to a statement.Under the approved orders, Tesla is authorized for a fleet of up to 5,000 fully autonomous vehicles for the first 12 months after permit issuance, while Waymo and Aviari are each authorized for up to 1,000 fully autonomous vehicles during their respective first 12 months, the agency said.The approvals are subject to compliance with various requirements established by the agency before vehicles may be placed into service, the agency said.Price: $364.13, Change: $+19.00, Percent Change: +5.51%

$GOOG$GOOGL$TSLA$UBER
Wire

Update: Market Chatter: Meta Platforms, Google, Snap See Teen Dismiss Lawsuit Ahead of October Trial

(Updated with response from Meta spokesperson in the seventh paragraph.)Meta Platforms (META), Alphabet's (GOOGL) Google and Snap (SNAP) face one fewer teen social media addiction lawsuit after a 15-year-old New Jersey girl dropped her claims against the companies ahead of an October trial, Reuters reported Friday, citing a court filing.Reuters reported that the plaintiff, identified in court records as P. M-Y., had alleged that the companies' platforms contributed to her social media addiction, depression and self-harm.The companies said the claims were dismissed without payment, according to the report.Two other teen cases against the same companies remain set for October trials, while Meta, Google and Snap have denied the allegations and said they have measures in place to protect young users, Reuters added.In a statement emailed to, a Snap spokesperson said, "We remain focused on strengthening the safeguards, tools, and educational resources that support the safety, privacy, and well-being of all Snapchatters."Google spokesperson Jose Castaneda said, "The plaintiff voluntarily withdrew their claims against YouTube without payment, affirming our longstanding position that we provide safe, age-appropriate experiences and strong parental controls for young people and families."Meta Platforms, in a statement to, said, "Another plaintiff in the personal injury trials has dropped her case against Meta after settling with TikTok. Half of all Meta's scheduled trials have now ended in dismissal, with the company paying nothing. This plaintiff had a significant mental health condition that pre-dated her use of social media, and it's clear that many of these cases fit the same pattern. We'll continue defending ourselves vigorously in court."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $553.14, Change: $+7.31, Percent Change: +1.34%

$GOOG$GOOGL$META$SNAP
Wire

Update: Market Chatter: Meta Platforms, Google, Snap See Teen Dismiss Lawsuit Ahead of October Trial

(Updated with response from Google spokesperson in sixth paragraph.)Meta Platforms (META), Alphabet's (GOOGL) Google and Snap (SNAP) face one fewer teen social media addiction lawsuit after a 15-year-old New Jersey girl dropped her claims against the companies ahead of an October trial, Reuters reported Friday, citing a court filing.Reuters reported that the plaintiff, identified in court records as P. M-Y., had alleged that the companies' platforms contributed to her social media addiction, depression and self-harm.The companies said the claims were dismissed without payment, according to the report.Two other teen cases against the same companies remain set for October trials, while Meta, Google and Snap have denied the allegations and said they have measures in place to protect young users, Reuters added.In a statement emailed to, a Snap spokesperson said, "We remain focused on strengthening the safeguards, tools, and educational resources that support the safety, privacy, and well-being of all Snapchatters."Google spokesperson Jose Castaneda said, "The plaintiff voluntarily withdrew their claims against YouTube without payment, affirming our longstanding position that we provide safe, age-appropriate experiences and strong parental controls for young people and families."Meta Platforms didn't immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $549.95, Change: $+4.12, Percent Change: +0.75%

$GOOG$GOOGL$META$SNAP
Wire

Google's Gemma AI Models Top 1 Billion Downloads

Alphabet's (GOOGL) Google said its Gemma suite of open AI models surpassed 1 billion downloads, with developers creating more than 100,000 model variants over the past two years.Gemma models are being used across applications including space, healthcare and scientific research, Google said Wednesday in a blog post.Price: $338.34, Change: $-3.36, Percent Change: -0.98%

$GOOG$GOOGL
Wire

Marvell Technology Likely to Post Slight Q2 Beat, RBC Says

Marvell Technology (MRVL) is expected to deliver a fiscal Q2 beat and raise its Q3 guidance, RBC Capital Markets said in a note Wednesday. The Q2 results are due Aug. 27."We are looking for a slight beat and 2-4% raise, driven primarily by Optical," the report said, adding that Custom XPU trends also appear solid although tight wafer supply could limit near-term upside.The note said Marvell has room to raise its fiscal 2028 revenue forecasts by about 5%, driven by continued strength in its Optical business and Amazon (AMZN) deals.The report also said recent supply agreement with Alphabet's (GOOG) Google is a "significant" positive because it has a total addressable market of over $80 billion, outweighing lingering share shift concerns at Amazon."We believe premium valuation is justified," the note said, pointing to custom XPU wins at three US hyperscalers, optical connectivity leadership, and greenfield pipeline opportunities.RBC kept its outperform rating and a $360 price target.Price: $243.50, Change: $+6.22, Percent Change: +2.62%

$AMZN$GOOG$MRVL
Wire

Google's Waymo Introduces Custom-Built Chip for Its Vehicles

Waymo, the autonomous vehicle company owned by Alphabet's (GOOG, GOOGL) Google, unveiled its custom-built chip designed to enhance the performance of its robotaxis.The application-specific integrated circuit chip is "a specialized [machine learning] powerhouse engineered exclusively to process, fuse, and run advanced neural networks on raw sensor data in real time," the company said Thursday in a blogpost.Price: $338.67, Change: $-3.03, Percent Change: -0.89%

$GOOG$GOOGL
Wire

Google's Waymo Introduces Custom-Built Chip for Its Vehicles

Google's Waymo Introduces Custom-Built Chip for Its Vehicles

$GOOG$GOOGL
Marvell Technology Shares Jump on AI Chip Deal With Google
US Markets

Marvell Technology Shares Jump on AI Chip Deal With Google

Marvell Technology (MRVL) shares jumped Wednesday after the chip designer entered into a deal that would allow Alphabet's (GOOG, GOOGL) Google to purchase up to $12.18 billion of Marvell shares as part of a collaboration.In connection with the collaboration, Marvell issued a warrant to Google for the purchase of up to nearly 59 million common shares at an exercise price of $206.58 per share, according to a filing with the US Securities and Exchange Commission.Late last month, Marvell signed a commercial deal pertaining to its development of custom semiconductor products to Google. The expanded partnership covers various custom silicon programs linked to the tensor processing unit, or TPU, ecosystem, including artificial intelligence accelerators and storage controllers, Marvell said in the Wednesday filing.TPUs are Google's application-specific chips used to accelerate machine learning workloads.Roughly 1.4 million of the warrant shares vest in equal quarterly installments in the first year, while the rest vest based on discretionary purchases by or on behalf of Google and its affiliates from Marvell's fiscal 2027 third quarter through 2033, according to the filing.In April, Broadcom (AVGO) agreed to produce AI chips for Google. That deal included a supply assurance agreement for Broadcom to provide networking and other components for Google's next-generation AI racks through up to 2031.Marvell shares surged 8.4% in Wednesday late-afternoon trade, while Alphabet's class A and C shares were down 0.2% each. Broadcom shares fell 3.9%.Earlier this week, UBS Securities raised its estimates on Marvell ahead of its fiscal second-quarter results, citing accelerating AI spending by major hyperscalers, strong demand for optical and networking products, and momentum in its custom chip programs with Microsoft (MSFT) and Google."We continue to view (Marvell) as one of the more attractive ways to participate in the custom silicon, optical connectivity, and AI infrastructure buildout themes," the brokerage said in a note to clients.Marvell is scheduled to report its second-quarter results Aug. 27.Price: $233.29, Change: $+17.29, Percent Change: +8.00%

$AVGO$GOOG$GOOGL$MRVL$MSFT
Wire

Top Midday Stories: Treasury Lifts Buyback Cap on Long-Dated Securities; Moderna, Merck Say Melanoma Vaccine Meets Primary Endpoint in Trial

All three major US stock indexes were up in late-morning trading Wednesday, after the Treasury Department said it was raising the cap on its buyback operations for longer-dated nominal coupon securities to at least $4 billion per operation from $2 billion, effective Sept. 9.In company news, Moderna (MRNA) and Merck (MRK) said Wednesday that a late-stage trial of intismeran autogene in combination with Keytruda met its primary endpoint of recurrence-free survival in patients with completely resected stage IIB-IV melanoma. The vaccine also met a key secondary endpoint of distant metastasis-free survival in patients, the companies said. Moderna shares were up 122.9% around midday, while Merck shares were up 11.1%.Marvell Technology (MRVL) issued a warrant to Alphabet's (GOOG, GOOGL) Google to buy up to a total of 59.0 million shares of its common stock at $206.58 per share as part of an expanded partnership agreement the two companies reached on July 29, Marvell said Wednesday in a regulatory filing. Marvell shares were up 8.2%, while Alphabet's Class C and Class A shares were up 0.1% and 0.2%, respectively.Target (TGT) reported fiscal Q2 adjusted earnings Wednesday of $4.11 per diluted share, up from $2.05 a year earlier and above the FactSet consensus analyst estimate of $2.34. Fiscal Q2 net sales were $26.54 billion, up from $25.21 billion a year ago and above the FactSet consensus of $26.13 billion. For fiscal 2026, the company lifted its adjusted EPS guidance to between $9.90 and $10.90 from $7.50 to $8.50, above the FactSet consensus of $8.52. The company said it expects full-year net sales growth around 5%, up a percentage point from its previous guidance. Target shares were up 5.7%.Nebius Group (NBIS) said Wednesday it plans to offer $4.50 billion of convertible senior notes in a private offering to qualified institutional buyers. The notes will be offered in two series: $2.75 billion aggregate original principal amount of convertible notes due 2030 and $1.75 billion aggregate original principal amount of convertible notes due 2034. Nebius shares were down 9.3%.Price: $141.15, Change: $+78.19, Percent Change: +124.18%

$GOOG$GOOGL$MRK$MRNA$MRVL$NBIS$TGT
Wire

Market Chatter: AI Firms Still Waiting for Details on New AI Framework From White House

The White House has yet to share details on its new AI framework, leaving tech companies uncertain on how the government plans to handle the release of AI frontier models, The Information reported Wednesday, citing sources familiar with the matter.After meeting with companies such as OpenAI, Anthropic, and Google in an early August briefing, the Office of the National Cyber Director has not given more clarity on the framework, nor has it given details on a potential public AI event related to the framework, three of the sources told the media outlet.Tech companies are hoping the framework will give clear information on how frontier models are defined and open models are exempted, according to the report.Google, OpenAI, and Anthropic did not immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $482.16, Change: $+0.52, Percent Change: +0.11%

$AMZN$GOOG$GOOGL$MSFT
Japan

US Equity Markets End Lower Amid Rise in Crude Oil Prices Following Trump's Threat to Attack Oman

US equity indexes ended lower Monday after crude oil prices rose following President Donald Trump's threat to attack Oman as the deadline to reach a permanent peace deal with Iran expired.* Iran's Foreign Ministry spokesman said Tehran had reached an agreement with Oman regarding future shipping routes in the strait, according to a CBS report. Trump threatened to bomb Oman if the country "gets in the way" of US efforts to reopen the Strait of Hormuz and end the war with Iran, CBS cited Fox News.* The National Association of Home Builders' monthly housing market index rose to 35 in August from 34 in July and 32 a year earlier, compared with expectations for a decline to 33 in a Bloomberg-compiled poll.* September West Texas Intermediate crude oil rose $2.04 to settle at $84.46 per barrel, while October Brent crude, the global benchmark, was last seen up $2.16 at $90.68.* Situational Awareness increased its stakes in Micron Technology (MU) and Sandisk (SNDK) in Q2, according to regulatory filings published Friday. Sandisk shares were about 8.8% higher, the top gainer on the S&P 500 and Nasdaq, while Micron Technology stock was up more than 4.1%.* Berkshire Hathaway (BRK.A, BRK.B) exited its position in Constellation Brands (STZ), while increasing its stake in Alphabet (GOOG, GOOGL), according to a filing on Friday. Constellation Brands' stock fell about 6.1%, among the worst performers on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$BRK.A$BRK.B$GOOG$GOOGL$MU$SNDK$STZ
Walmart Delivering Continued Strong E-Commerce Growth Would Reinforce Upbeat Bottom-Line Views, Tigress Says
US Markets

Walmart Delivering Continued Strong E-Commerce Growth Would Reinforce Upbeat Bottom-Line Views, Tigress Says

Walmart (WMT) delivering continued strong e-commerce growth and robust advertising momentum would reinforce a view that the retail giant can grow earnings "materially faster" than retail sales, Tigress Financial Partners said Monday.In May, Walmart reported 26% growth in global e-commerce sales for its fiscal first quarter. Its global advertising business surged 37%.The company's partnerships with Alphabet's (GOOG, GOOGL) Google and OpenAI, as well as "greater automation" are improving efficiency in product discovery, personalization, conversion, and fulfillment, Tigress Chief Market Strategist Ivan Feinseth said in a note to clients Monday. Advertising is becoming "an increasingly important" driver of profit for Walmart, according to Feinseth."Continued (20%-plus) e-commerce growth, strong advertising momentum, and higher (fiscal 2027) guidance would reinforce my view that Walmart can grow earnings materially faster than retail sales, increasingly positioning the company as a high-return technology-enabled consumer platform and supporting a compelling long-term investment opportunity," Feinseth wrote.Walmart is scheduled to release second-quarter results Thursday. Analysts polled by FactSet are looking for non-GAAP earnings of $0.74 a share on revenue of $186.62 billion.Further proof that higher-margin digital businesses are driving operating income growth faster than sales will be a "more important catalyst" for the company, Feinseth said."The combination of Walmart Connect, VIZIO, and Vibe.co creates a differentiated commerce-media ecosystem linking first-party purchase data, (artificial intelligence-powered) targeting, CTV inventory, and closed-loop measurement," Feinseth wrote. "Together, these initiatives create a powerful AI-commerce-media flywheel that should improve customer engagement, monetization, margins, and operating leverage."Walmart shares were down 1.1% in Monday late-afternoon trade. The stock has increased 2.6% so far this year.Walmart's ongoing transformation into an AI-enabled commerce, advertising, and media platform continues to back Feinseth's positive investment outlook for the company, supporting further upside in its bottom-line and stock price, according to the note.Earlier this month, RBC Capital Markets said major US retailers such as Walmart will likely miss consensus expectations for second-quarter comparable sales. Separately, Deutsche Bank said the retail giant is expected to miss second-quarter comparable sales estimates as high gas prices pressure low-income households.Price: $114.25, Change: $-1.02, Percent Change: -0.89%

$GOOG$GOOGL$WMT
Wire

Google to Buy Spirit Airlines Data Assets for $10 Million in Bankruptcy Sale

Alphabet's (GOOGL) Google agreed to purchase a broad set of Spirit Airlines' enterprise data and internally developed software assets for $10 million under a bill of sale filed Friday in the US Bankruptcy Court for the Southern District of New York.The assets include deidentified productivity, operations and workflow data, along with Spirit's proprietary software and related technical documentation. Google will be responsible for the related deidentification costs.Personal data and privileged materials are excluded from the sale. The transaction remains subject to Bankruptcy Court approval and delivery of the assets in the required format.Price: $340.75, Change: $-2.79, Percent Change: -0.81%

$GOOG$GOOGL
Wire

US Wind Developers Race for Tax Credits as Permitting Delays Threaten Growth, Wood Mackenzie Says

US wind developers are racing to complete projects before federal tax credits expire, but permitting delays threaten growth beyond 2030, Wood Mackenzie said in a Sunday note.Wood Mackenzie raised its five-year forecast for greenfield wind additions 5% over the quarter, with annual additions expected to peak in 2027 as offshore projects boost near-term supply.Construction starts rose 8% over the year in Q1 2026, while firm turbine orders exceeded five times the level recorded a year earlier, reflecting urgency around the tax-credit deadline.Projects that began physical construction before July 4, 2026, can qualify for tax credits if they enter service by Dec. 31, 2030, thereby forcing developers to advance permitting, offtake, financing, and equipment procurement.Projects that miss the construction-start deadline must reach full operation by Dec. 31, 2027 to secure the credits, making project execution more important than simply maintaining a large pipeline.Corporate power purchase agreement demand is also strengthening as data centers drive electricity consumption. Google's (GOOG) 1.9-gigawatt portfolio deal with Xcel Energy (XEL) highlights the growing role of corporate buyers in supporting new wind capacity.Permitting delays are creating a two-speed market, with mature projects advancing while less-developed projects face uncertainty, pushing peak onshore additions from 2027 to 2028.Offshore wind should boost near-term supply as projects near completion, but policy risks persist, with more than 2,900 square kilometers of leases entering termination settlements in H1 2026.The federal government expects proceeds from a $2.7 billion offshore lease buyout to support conventional energy, geothermal and fossil fuel projects, Wood Mackenzie said.The phaseout of wind tax credits will weigh on US wind additions beyond 2030, but an aging fleet will create repowering opportunities, with 81 GW expected to reach 15 years old by 2035.Replacing older turbines with larger, more efficient models could boost output while using existing land rights, grid connections and permitting precedents, lowering costs and shortening development timelines.Better technology and higher capacity factors could reduce reliance on tax incentives, while rising electricity demand may strengthen project economics, the note added.The market is unlikely to face a sharp drop in 2030, with repowering and construction-ready projects offering growth opportunities after tax credits expire, Wood Mackenzie said.Price: $341.35, Change: $-2.19, Percent Change: -0.64%

$GOOG$GOOGL$XEL
Sectors

Sector Update: Tech Stocks Advance Premarket Monday

Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.4% higher.Situational Awareness increased its stakes in technology companies Micron Technology (MU) and Sandisk (SNDK) in Q2, according to regulatory filings published Friday. Micron stock was up more than 2% and Sandisk shares were more than 3% higher pre-bell.Alibaba Group Holding's (BABA) Qwen artificial intelligence models have exceeded 3 billion in downloads globally over the last six months, topping that of Meta Platforms (META) and Alphabet's (GOOG,GOOGL) Google, Bloomberg reported, citing data from open source AI platform Hugging Face. Alibaba shares were up more than 1% premarket.Dynatrace (DT) unit Dynatrace LLC plans a $1.25 billion private placement of exchangeable senior unsecured notes due Sept. 1, 2031, the company said. Dynatrace stock was down more than 1% pre-bell.

$BABA$DT$GOOG$GOOGL$META$MU$SNDK$XLK$XSD
Asia Markets

Update: US Equity Futures Mixed Pre-Bell as 60-Day US-Iran Ceasefire Expires

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mixed pre-bell Monday as the ceasefire between the US and Iran reaches its expiration date after 60 days, with the two countries still locked in a stalemate.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.4% higher.Vessels transiting the Strait of Hormuz dropped over the weekend at five ships compared with 31 in the previous weekend, according to a Reuters report that cited data from analytics firm Kpler.Iran's foreign minister Abbas Araghchi said that the country has not yet decided to restart talks with the US, according to multiple reports. President Donald Trump reiterated in a post on Truth Social that Iran "cannot have, in any way, shape, or form, a Nuclear Weapon."Companies expected to report financial results this week include Walmart (WMT), Home Depot (HD), Analog Devices (ADI), Alibaba Group (BABA), TJX (TJX), and Lowe's (LOW).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.7% at $89.14 per barrel and US West Texas Intermediate crude 0.7% higher at $82.05 per barrel.The New York Federal Reserve's Empire State manufacturing index increased to 20.6 in August versus 15.6 in July, compared with expectations for a decline to a reading of 10.0 in a survey compiled by Bloomberg.The August US housing market index, slated for 10 am ET, is expected at 33, compared with 34 from the prior month.In other world markets, Japan's Nikkei closed 0.7% higher, Hong Kong's Hang Seng ended 1.3% higher, and China's Shanghai Composite finished 1.4% higher. Meanwhile, the UK's FTSE 100 was down 0.2%, and Germany's DAX index was flat in Europe's early afternoon session.In equities, stocks of Micron Technology (MU) and Sandisk (SNDK) shares were up 2.8% and 3.6%, respectively, after regulatory filings on Friday showed that AI-focused hedge fund Situational Awareness increased its stakes in the companies. Alibaba Group shares were up 1.7% after a Bloomberg report that Qwen artificial intelligence models have exceeded 3 billion in downloads globally over the last six months, topping that of Meta Platforms (META) and Alphabet's (GOOG,GOOGL) Google.On the losing side, L3Harris Technologies (LHX) stock was down 2.7% after the company said it appointed Sam Mehta as CEO to replace Christopher Kubasik, who stepped down as chairman and CEO following an investigation into his conduct the company said was inconsistent with its Code of Conduct. Dynatrace (DT) shares were 1.4% lower after the company said its unit Dynatrace LLC is planning a $1.25 billion private placement of exchangeable senior unsecured notes due Sept. 1, 2031.

Dow JonesNasdaq CompositeS&P 500$ADI$BABA$DT$GOOG$GOOGL$HD$LHX$LOW$META$MU$SNDK$TJX$WMT

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