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Alphabet Inc. (Class C)

Alphabet Inc. (Class C)

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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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Nvidia Poised for Strong Quarterly Results, Outlook, UBS Says
US Markets

Nvidia Poised for Strong Quarterly Results, Outlook, UBS Says

Nvidia (NVDA) is likely to post strong fiscal second-quarter results and issue an upbeat sales outlook as Vera Rubin begins to ramp, UBS Securities said Friday.The brokerage raised its second-quarter earnings outlook for the chipmaking giant to $2.13 a share from $2.09 and its revenue estimate to $93.55 billion from $91.91 billion. UBS projects third-quarter revenue in a range of $107 billion to $108 billion."Blackwell is holding stable, with Rubin units starting to layer in ahead of what should be a more substantial revenue step-up in (the fourth quarter), as Rubin sell-in accelerates toward (roughly 500,000 graphics processing unit) units/month and Blackwell starts to wind down," UBS analysts Timothy Arcuri and Natalia Winkler said in a note to clients Friday.Vera Rubin is Nvidia's next-generation artificial intelligence computing platform designed for large-scale agentic AI and advanced reasoning workloads.In a note to clients earlier this month, BofA Securities said it expected Nvidia to deliver a second-quarter revenue beat and issue an upbeat guidance amid Vera Rubin shipments and "solid" cloud capital expenditure trends.Recently, Amazon.com (AMZN) increased its full-year CapEx guidance, while Meta Platforms (META) raised the lower end of its own outlook range for the metric. Microsoft (MSFT) said it anticipated CapEx in its fiscal 2027 to increase year over year, while Alphabet (GOOG, GOOGL) indicated rising AI capital spending."Because the vast majority of hyperscaler CapEx increase this year is due mostly to memory price inflation, compute supply growth is even further from keeping pace with demand," Acuri and Winkler said Friday. "This is ultimately bullish for (Nvidia) and as a result, we may hear about another significant stair-step in backlog on this earnings call."Earlier this week, Nvidia signed memorandums of understanding with six major financial institutions, including Goldman Sachs (GS), BlackRock (BLK), Blackstone (BX) and KKR (KKR), to raise more than $500 billion in third-party capital for the development of AI infrastructure.UBS expects this to help address "demand durability concerns by unlocking substantial infrastructure capital, underscoring both the financeability of AI compute and the strength of (Nvidia's) ecosystem."The company's shares were little changed in Friday afternoon trade. The stock has jumped nearly 21% so far in 2026.Coming out of Nvidia's upcoming earnings call, UBS expects investors to gain "greater confidence" in a path to EPS of more than $15 in 2027 and $20 in 2028 -- "numbers that should keep the stock grinding higher," the analysts wrote.The technology bellwether company is scheduled to report results Aug. 26.Price: $225.37, Change: $+0.07, Percent Change: +0.03%

$AMZN$BLK$BX$GOOG$GOOGL$GS$KKR$META$MSFT$NVDA
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Market Chatter: Google, Peacock, Apple Convince Maryland Court to Strike Down Ad Tax

The Maryland Tax Court sided with Alphabet's (GOOG, GOOGL) Google, Apple (AAPL) and Comcast's (CMCSA) Peacock on Friday, striking down the state's digital advertising tax on the companies, Bloomberg reported, citing court documents.The companies didn't immediately reply to requests 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: $342.21, Change: $-1.74, Percent Change: -0.50%

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Google, Peacock, Apple Convince Maryland Court to Strike Down Ad Tax, Bloomberg Reports

Google, Peacock, Apple Convince Maryland Court to Strike Down Ad Tax, Bloomberg Reports

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Asia Markets

Update: US Equity Futures Mixed Pre-Bell Friday Following Record-High Overnight Close for S&P 500

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mixed pre-bell Friday after a record-high overnight close for the S&P 500.Dow Jones Industrial Average futures were 0.2% lower, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.3% higher.The S&P 500 hit an intraday all-time high of 7,816.70 on Thursday before closing at 7,798.99, which was also an all-time high.US Defense Secretary Pete Hegseth said the US can keep the naval blockade on Iran "indefinitely," according to multiple media reports. US Treasury Secretary Scott Bessent said that the US planned to apply measures on the Middle Eastern nation that have "never been seen" before, including economic isolation, according to reports that cited an interview on Newsmax.Oil prices were slightly higher, with front-month global benchmark North Sea Brent crude down 0.1% at $86.97 per barrel and US West Texas Intermediate crude was flat at $81.22 per barrel.US retail sales fell 0.6% in July, following a 0.2% gain in the prior month and compared with expectations for a 0.1% increase in a survey compiled by Bloomberg.The University of Michigan consumer sentiment index for August, slated for 10 am ET, is expected at 55.0, down from 55.2 previously.In other world markets, Japan's Nikkei closed 0.6% higher, Hong Kong's Hang Seng ended 1.1% lower, and China's Shanghai Composite finished flat. Meanwhile, the UK's FTSE 100 was up 0.2%, and Germany's DAX index was 0.9% higher in Europe's early afternoon session.In equities, SpaceX (SPCX) stock was up 1.3% after company founder and Tesla (TSLA) CEO Elon Musk disclosed beneficial ownership of 6.42 billion SpaceX shares as of June 30, representing 48.4% of the company, in a regulatory filing. A Reuters report also said that Alphabet (GOOG, GOOGL) held 551.2 million shares of SpaceX valued at about $94.2 billion at the end of Q2.Uber Technologies (UBER) shares rose 2.3% after the company and Pony.ai (PONY) said late Thursday that they expanded their partnership to deploy over 2,000 robotaxis across Europe. Reddit (RDDT) stock was up more than 11% after S&P Dow Jones Indices said Thursday that the company is replacing AvalonBay Communities (AVB) in the S&P 500 prior to the opening of trading on Aug. 18.On the losing side, Applied Materials (AMAT) shares fell 6% after the semiconductor-equipment manufacturer reported lower free cash flow for the first nine months of the fiscal year as capital expenditures climbed sharply.

Dow JonesNasdaq CompositeS&P 500$AMAT$AVB$GOOG$GOOGL$PONY$RDDT$SPCX$TSLA$UBER
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Microsoft-Backed OpenAI Names Dali Rajic as Chief Revenue Officer

Microsoft (MSFT)-backed OpenAI has appointed Dali Rajic as chief revenue officer, succeeding Denise Dresser, the artificial intelligence firm said Thursday.Dresser will leave the company to pursue other opportunities following a transition period, OpenAI said.Rajic was most recently the chief operating officer and president of Wiz, which was recently acquired by Alphabet's (GOOG/GOOGL) Google, the company added.Price: $493.11, Change: $+0.68, Percent Change: +0.14%

$GOOG$GOOGL$MSFT
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Alphabet's Google Launches Gemini 3.7 Flash AI Model for Coding, Agentic Workflows

Alphabet's (GOOGL, GOOG) Google introduced Gemini 3.7 Flash, an updated AI model aimed at coding, agentic and web development workflows, the company said in a blog post Thursday.The model is priced at $0.75 per million input tokens and $3.75 per million output tokens through the end of the year, about half the cost of Gemini 3.6 Flash, according to the statement.Google said Gemini 3.7 Flash is also being integrated into its Gemini Spark AI agent for Google Workspace tasks including drafting emails and organizing files.Price: $345.73, Change: $+2.19, Percent Change: +0.64%

$GOOG$GOOGL
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Top Midday Stories: Consumer Prices Rise 3.4% YoY in July; CoreWeave Q2 Loss Narrower Than Expectations

The S&P 500 Index and Nasdaq Composite were up slightly, while the Dow Jones Industrial Average was roughly flat in late-morning trading Wednesday, after the consumer price index for July matched expectations.The US seasonally adjusted CPI rose by 0.1% in July, as expected and following a 0.4% decrease in June, the Bureau of Labor Statistics said Wednesday. Core CPI, which excludes food and energy prices, rose by 0.2%, matching expectations and after holding steady in June.The year-over-year rates for overall CPI decreased to 3.4% in July from 3.5% in the previous month and that for core CPI fell to 2.5% from 2.6% in the previous month.In company news, CoreWeave (CRWV) reported a Q2 loss late Tuesday of $1.14 per diluted share, widening from a loss of $0.60 a year earlier but narrower compared with the FactSet consensus estimate of a loss of $1.46. Second-quarter revenue was $2.58 billion, up from $1.21 billion a year ago and above the FactSet consensus of $2.55 billion. CoreWeave shares were up 17.9% around midday.Blackstone (BX) and La Caisse are leading a 2.5 billion Canadian dollars ($1.8 billion) minority equity investment in Air Canada's Aeroplan loyalty program, valuing the business at CA$10 billion, the airline said Tuesday. Blackstone shares were down 0.8%.Goldman Sachs (GS) said Wednesday it has agreed to buy exchange-traded fund provider NEOS Investments for up to $2.25 billion in cash and equity. Goldman shares were up 1%.Alphabet's (GOOG, GOOGL) Google introduced its newest line of Pixel devices, including four phones, a watch and its first-ever tag. The phones are designed for Gemini Intelligence, are more durable and include major camera upgrades, the company said Wednesday. Pixel Watch 5 features proactive Gemini Intelligence capabilities, personalized strength coaching and Google's most accurate GPS route tracking. It also includes Health Guardian features that track blood pressure and insulin resistance trends, as well as Breathing Emergency Detection, the company said. Alphabet's Class C and Class A shares were both down 0.5%.Home Depot (HD) said Wednesday that Chair, President and Chief Executive Ted Decker is taking a temporary medical leave of absence and is expected to return within the next few months. Senior Executive Vice President Ann-Marie Campbell and Chief Financial Officer and EVP Richard McPhail will oversee the operations of the office of the CEO during Decker's absence, the company said. Greg Brenneman, the board's independent lead director, will chair the board while Decker is away, the company said. Home Depot shares were down 2.4%.Definium Therapeutics (DFTX) said Wednesday its phase 3 study of DT120 lysergide orally disintegrating tablets in adults with generalized anxiety disorder met its primary endpoint. Definium shares were up 7.3%.Price: $106.46, Change: $+16.14, Percent Change: +17.87%

$BX$CRWV$DFTX$GOOG$GOOGL$GS$HD
Nebius Second-Quarter Revenue Exceeds Estimates Amid Robust AI Cloud Gains
US Markets

Nebius Second-Quarter Revenue Exceeds Estimates Amid Robust AI Cloud Gains

Nebius (NBIS) reported stronger-than-expected second-quarter revenue on Wednesday as robust demand for artificial intelligence capacity drove more than 500% year-over-year growth in the Dutch company's cloud business.The cloud computing company's overall revenue surged to $582.3 million for the quarter ended June from $105.1 million the year before and topping the consensus on FactSet of $569.9 million. The top-line growth is attributable to increased capacity and higher pricing, Nebius said in a shareholder letter."Demand for AI capacity continues to grow exponentially, and we are converting that demand into contracted, profitable growth," Chief Executive Arkady Volozh said in the letter.AI cloud revenue, which accounted for 98% of the group topline, soared 514% to $574.9 million.The company closed four cloud deals in the second quarter with an average total contract value of more than $1 billion each. These deals reflect a yield of $20 million to $25 million per megawatt with upfront payments that cover 50% to 60% of associated capital expenditures, Volozh said during an earnings call, according to a FactSet transcript.Nebius' Nasdaq-listed shares gained 24% in Wednesday trade, while the stock has surged 185% so far this year.The company signed an up to $27 billion AI infrastructure deal with Meta Platforms (META) and secured a $2 billion investment from Nvidia (NVDA) earlier in the year.Nebius posted a net loss of $0.68 a share for the June quarter, compared with earnings of $2.38 the year before. Five analysts polled by FactSet expected a loss of $1.46.For 2026, the Dutch tech firm continues to project revenue of between $3 billion and $3.4 billion, Chief Financial Officer Dado Alonso said on the call. The Street is looking for $3.36 billion.Capital expenditures are still pegged at $20 billion to $25 billion for the current year."We remain confident in our ability to accelerate capacity deployment in the second half of the year and expect capacity deployed late in (the second quarter) to begin contributing to revenue in (the third quarter)," Alonso told analysts.On Tuesday, CoreWeave (CRWV) reported better-than-expected second-quarter results as revenue more than doubled year on year amid strong demand for cloud computing.Key industry players have reported strong annual cloud growth rates for their most recent quarter, with Amazon.com's (AMZN) Amazon Web Services sales surging 37% to $42.23 billion, Microsoft's (MSFT) Azure soaring 43% and Alphabet's (GOOG, GOOGL) Google cloud revenue jumping 82%.Price: $234.80, Change: $+41.57, Percent Change: +21.51%

$AMZN$CRWV$GOOG$GOOGL$MSFT$NBIS
Wire

Angi to Become Available on Google Gemini as Connected App

Angi (ANGI) said Wednesday its app will be available on Alphabet's (GOOG, GOOGL) Google Gemini starting Thursday, making it one of the first home service marketplaces to become available in the chatbot as a connected app.Angi's AI Helper feature will allow homeowners to describe projects in their own words and connect them with local skilled professionals, according to a statement.Price: $4.34, Change: $-0.16, Percent Change: -3.45%

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Wire

Google Unveils New Pixel Phones, Watch

Alphabet's (GOOG, GOOGL) Google introduced its newest line of Pixel devices, including four phones, a watch and its first-ever tag.The phones are designed for Gemini Intelligence, are more durable and include major camera upgrades, the company said Wednesday in a statement.Pixel Watch 5 features proactive Gemini Intelligence capabilities, personalized strength coaching and Google's most accurate GPS route tracking. It also includes Health Guardian features that track blood pressure and insulin resistance trends, as well as Breathing Emergency Detection,Pixel Tag uses Google's Find Hub network to locate items.Price: $341.50, Change: $-1.50, Percent Change: -0.44%

$GOOG$GOOGL
Wire

Google Unveils New Pixel Phones and Watch

Google Unveils New Pixel Phones and Watch

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Asia Markets

Update: US Equity Indexes Decline as Growth Sectors Hit Amid Gains in Crude Oil Ahead of July's Consumer Price Inflation Data

(Updates with index/price moves, macroeconomic data and geopolitical news from the first paragraph.)US equity indexes fell Tuesday amid declines in growth sectors as higher crude oil prices and fading hopes of a quick reopening of the Strait of Hormuz increased focus on July's consumer price inflation data.The Nasdaq Composite retreated 0.6% to 26,445.45, the S&P 500 slid 0.3% to 7,728.20, and the Dow Jones Industrial Average slipped 0.3% to 53,791.85. Communication services, consumer discretionary and technology were among the steepest decliners. Energy led the gainers.AppLovin's (APP) 30% long-term annual revenue growth target lacks sufficient evidence, with uncertainty rising around the sustainability of its self-learning growth, BofA Securities said in a note. Shares dropped 6%, the worst performer on the S&P 500 and the Nasdaq.SK Hynix (SKHY) plans to resume construction at its second NAND flash facility in Dalian, China, to boost output by about 50%, Seoul Economic Daily reported. Shares jumped 4.7%, the top performer among stocks with market capitalization of more than $200 billion each, according to data compiled by Finviz. The worst performers in this category were SpaceX (SPCX), down 3.9%, followed by Alphabet (GOOG, GOOGL) and Dell Technologies (DELL).Mohsen Rezaee, secretary of Iran's Supreme National Security Council, told China's ambassador the Strait of Hormuz "will not be opened until the United States changes its behavior and accepts Iran's conditions," Al Jazeera, a Middle Eastern broadcaster, said, citing Iran's Tasnim news agency. "America must end the war, pay Iran's frozen assets, the war must end throughout the region, including in Lebanon and Gaza," Reuters cited Rezaee as saying in a report from Tasnim.A Saudi-owned commercial vessel was reportedly struck by a missile while transiting the Bab al-Mandeb Strait in the Red Sea, CNN reported, citing Marisks, a marine intelligence group. An incident involving a container ship and an unknown military force in the Gulf of Oman has been reported by the UK Maritime Trade Operations, the news report added.Front-month US West Texas Intermediate crude oil climbed 1.7% to $83.50 per barrel, and global benchmark North Sea Brent advanced 1.5% to $89.17 per barrel, fueling concern that higher energy prices will make it challenging for the Federal Reserve to extend its five-meetings-long pause.Speaking to inflationary concerns ahead of consumer prices due Wednesday, Cleveland Fed President Beth Hammack noted on Monday that price pressures are rising, according to a Stifel note. Hammack, one of the three dissenters who opposed the July policy hold, said more than one rate increase may be needed to ease inflation back to the Fed's 2% target.The pace of US existing home sales fell by 1.7% to a 4.06 million seasonally adjusted annual rate in July from 4.13 million in June, compared with a larger expected decrease to a 4.05 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors released Tuesday showed.The National Federation of Independent Business's monthly Small Business Optimism Index rose to 99.8 in July from 97.4 in June.Redbook US same-store sales jumped 8.3% from a year earlier in the week ended Aug. 8 after an 8.7% surge in the previous week.

Dow JonesNasdaq CompositeS&P 500$APP$DELL$GOOG$GOOGL$SKHY$SPCX
CoreWeave Second-Quarter Results Top Estimates Amid Cloud Computing Demand
US Markets

CoreWeave Second-Quarter Results Top Estimates Amid Cloud Computing Demand

CoreWeave (CRWV) reported better-than-expected second-quarter results as revenue more than doubled year on year amid strong demand for cloud computing.For the quarter ending June 30, CoreWeave's net loss widened to $1.14 per share from $0.60 a year earlier, compared with the consensus on FactSet that called for a per-share loss of $1.46. Revenue jumped to $2.58 billion from $1.21 billion, surpassing the average analyst estimate of $2.55 billion."CoreWeave reached an important inflection point this quarter as our scale began to translate into expanding operating leverage," Chief Executive Michael Intrator said. "Customer demand is accelerating, as enterprise adoption broadens and we continue to deepen our technology platform."The company's revenue backlog rose to about $104 billion at the end of the June, compared with $99.4 billion as of March 31.Shares of CoreWeave were up 9.4% in after-hours trading, and had gained 26% this year through Tuesday close.CoreWeave said Monday it closed a $2.6 billion loan facility to fund the expansion of its AI cloud platform, bringing the total amount of capital secured to more than $30 billion this year.BofA Securities expects stronger demand and pricing dynamics at CoreWeave in the second half than the first as "inference continues to proliferate."CoreWeave, which rents cloud-computing power for AI, is targeting 1.7 gigawatts of active power by the end of 2026, implying "a meaningful acceleration in capacity deployment over the next few quarters," BofA said last month.Key industry players have reported strong annual cloud growth rates for their most recent quarter, with Amazon.com's (AMZN) Amazon Web Services sales surging 37% to $42.23 billion, Microsoft's (MSFT) Azure soaring 43% and Alphabet's (GOOG, GOOGL) Google cloud revenue jumping 82%.

$AMZN$CRWV$GOOG$GOOGL$MSFT
Share of Home Sales Near Large Data Centers Seen Expanding, Realtor.com Report Says
US Markets

Share of Home Sales Near Large Data Centers Seen Expanding, Realtor.com Report Says

The share of US home sales in areas near large data centers has more than doubled since 2018 and is likely grow further amid the rapid infrastructure buildout, News Corp's (NWS, NWSA) Realtor.com said Tuesday.The share of home sales within five miles of a data center with a capacity of at least 50 megawatts has risen to 1.5% this year from 0.67% eight years ago. That share is projected to expand to 2.3% through next year, according to the online real estate portal.The number of large data centers operating across the US has reached 347 during the period, up from 49, the report showed."The data center buildout has moved fast and it is raising policy, community, and housing-market questions as it spreads and accelerates," Realtor.com Chief Economist Danielle Hale said.Robust demand for artificial intelligence and cloud services has prompted US technology giants like Amazon.com (AMZN), Meta Platforms (META), Microsoft (MSFT), and Alphabet (GOOG, GOOGL) to continue expanding their data center footprints in the US and globally."Our analysis so far offers some reassurance: in the communities we studied, a new data center opening nearby wasn't associated with meaningfully higher or lower home values than similar neighborhoods that didn't get one," Hale said. "But the facilities coming online next are bigger, more remote and landing in communities with less experience managing an industrial neighbor, so that track record may not hold as a guide to what comes next."The buildout has now been concentrated in areas that are less densely populated and with below-median household incomes, unlike several years ago when data centers largely landed in the cities, the Realtor.com report found."The places absorbing this next wave of data centers look different from the places that absorbed the last one," Glen Morgenstern, an economist intern at Realtor.com, said. "They tend to be lower-income, lower-density and farther from a city center, which usually also means fewer resources on hand -- fewer attorneys, less organized civic engagement, and housing markets that react more slowly to new information."That indicates that those communities "may be less equipped to respond if a facility turns out to be a difficult neighbor," according to Morgenstern.The average large data center that launched in 2018 drew roughly 24MW of power, with that tally climbing to 60MW by 2026. Electricity and water use are also turning out to be "more visible pressure points," especially in Sun Belt markets already facing water issues, according to the report.Last month, a Redfin.com survey showed that a majority of US residents object to AI data centers being built near their homes despite the economic benefits of such projects.Price: $32.55, Change: $+0.05, Percent Change: +0.15%

$AMZN$GOOG$GOOGL$META$MSFT$NWS$NWSA
Wire

US Appeals Court Reportedly Lets Suits Against Meta, Google Proceed

A US appeals court on Monday rejected a bid by Meta Platforms (META), Alphabet's (GOOG, GOOGL) Google and ByteDance's TikTok to reverse a lower-court's ruling that forces them to face roughly 2,400 lawsuits, according to media reports.The companies didn't immediately reply to requests for comment from.Price: $592.87, Change: $+0.77, Percent Change: +0.13%

$GOOG$GOOGL$META
Intel Plans $15 Billion Stock Offering as AI Demand Requires Higher Capital Spending
US Markets

Intel Plans $15 Billion Stock Offering as AI Demand Requires Higher Capital Spending

Intel (INTC) plans to raise $15 billion from a common stock offering to support capital expenditures as demand for artificial intelligence computing remains strong.The company said Monday that it expects to grant underwriters an option to purchase up to an additional $2.25 billion of common shares at the public offering price."Customers continue to signal a strong and sustainable demand environment, driven by unprecedented investment in AI compute," Intel said. "Progress in emerging areas including physical AI, purpose-built silicon, advanced packaging and external wafers represent significant growth opportunities for Intel."Intel plans to use net proceeds from the offering for general corporate purposes, which it said may include capital expenditures and working capital.Shares of Intel were down 2.3% in Monday trade. The stock has surged 169% so far this year."While the dilution is a negative for current investors, the demand signal is positive for Intel, its peers, and capital equipment suppliers," Wedbush Securities analyst Matt Bryson said in a client note.Technology giants are ramping up investments to support AI buildouts. Last month, Alphabet (GOOG, GOOGL) and Amazon.com (AMZN) raised their 2026 capital spending guidance.Major cloud service providers and personal computer makers helped drive Intel's second-quarter revenue growth of 25% year over year, the strongest in 15 years.At last month's earnings call, Intel Chief Financial Officer David Zinsner said that the company was looking at 2026 capital spending of "more than $20 billion," which he said is "significantly" higher than initial expectations."Industry-wide supply constraints across wafers, memory and substrates remain the dominant challenge our customers are facing to support the AI infrastructure build-out," Zinsner told analysts on the call, according to a FactSet transcript.Price: $99.45, Change: $-2.20, Percent Change: -2.16%

$AMZN$GOOG$GOOGL$INTC
Nvidia Poised for Second-Quarter Sales Beat, Upbeat Guidance, BofA Says
US Markets

Nvidia Poised for Second-Quarter Sales Beat, Upbeat Guidance, BofA Says

Nvidia (NVDA) is likely to deliver a fiscal second-quarter revenue beat and issue an upbeat guidance amid Vera Rubin shipments and "solid" cloud capital expenditure trends, BofA Securities said in a note e-mailed Monday.The chipmaking giant is expected outperform sales expectations by $3 billion to $4 billion for its second quarter. In May, Nvidia said it anticipated revenue of $91 billion, plus or minus 2% for the quarter, while the current consensus on FactSet is for $91.91 billion.For the ongoing three-month period, BofA forecasts Nvidia to issue a revenue outlook about 3% to 4% above consensus, or $107 billion to $108 billion, based on the company's recent guidance trend. Wall Street is looking for $103.68 billion.The outlook factors in the start of the next-generation Vera Rubin shipments, new Vera central processing unit ramps, and "solid" cloud CapEx trends, BofA analyst Vivek Arya said in a note to clients.Recently, Amazon.com (AMZN) increased its full-year CapEx guidance, while Meta Platforms (META) raised the lower end of its own outlook range for the metric. Microsoft (MSFT) said it anticipated CapEx in its fiscal 2027 to increase year over year, while Alphabet (GOOG, GOOGL) indicated rising artificial intelligence capital spending.Spot rental prices of graphic processing units are still hovering around their all-time high levels, reflecting persistent robust demand for compute, and point to cloud pricing upside that could address continued return on investment concerns around Nvidia, BofA said.The brokerage expects the tech bellwether to hold a "healthy" gross margin of around 73% to 74% over time, with limited impacts from rising memory costs.Nvidia has likely made around $70 billion in equity investments into ecosystem partners so far, including the recent $30 billion investment in OpenAI and up to $10 billion in Anthropic, according to the note. These investments are "easily manageable," due to Nvidia's ability to generate up to $470 billion of free cash flow over the next two years. "In other words, we see no issue in (Nvidia) returning 50% of (free cash flow) to shareholders," Arya wrote.BofA maintained its buy rating on the Nvidia stock with a $350 price objective while naming it the "top sector pick on compelling valuation."The company's shares were down 3.1% in Monday afternoon trade. So far in 2026, the stock has jumped nearly 18%.Nvidia is scheduled to release its latest financial results Aug. 26.Price: $217.76, Change: $-6.20, Percent Change: -2.77%

$AMZN$GOOG$GOOGL$META$MSFT$NVDA
Wire

US Appeals Court Reportedly Lets Suits Against Meta, Google Proceed

US Appeals Court Reportedly Lets Suits Against Meta, Google Proceed

$GOOG$GOOGL$META
Wire

Lyft Q2 Rides, Gross Bookings Growth Support Higher Estimates, RBC Says

Lyft (LYFT) posted a "solid" Q2 as rides and gross bookings grew across its US rideshare, Freenow and bikeshare businesses, supporting higher estimates and a more constructive outlook, RBC Capital Markets said in a report emailed Friday.Gross bookings rose 23% from a year earlier to $5.5 billion, while rides increased 12% to 262 million. The firm said growth was helped by Freenow, premium ride options and record airport activity during the 2026 FIFA World Cup.Accelerating organic ride growth in 2H and stronger-than-average growth in San Francisco, where rides increased about 20%. That performance was viewed as "encouraging" for the argument that autonomous vehicles could expand the overall ride-hailing market rather than simply displace existing demand, according to the report.Lyft is also shifting toward higher-value services, including "premium modes" and partner rides, while continuing work on a "unified customer facing" app for 2027. The firm raised the company's 2026 and 2027 bookings, revenue and adjusted earnings before interest, taxes, depreciation, and amortization estimates, according to the report.RBC has an outperform rating on Lyft and increased the price target to $20 from $18.Price: $17.05, Change: $+0.75, Percent Change: +4.60%

$GOOG$GOOGL$LYFT
Wire

Etsy's Workforce Reduction May Help Sustain Gross Merchandise Sales Uptrend, Wedbush Says

Etsy's (ETSY) workforce reduction will lead to some margin improvement to help sustain the uptrend in gross merchandise sales, Wedbush said in a Friday research report.The brokerage said it now expects Q3 EPS of $0.86 on revenue of $669 million, up from prior estimates of $0.74 and $651 million, respectively.The company is seeing efficiency in its market spend as "richer listings data" shared with Alphabet's (GOOG/GOOGL) Google is enabling competitive bids across auctions, bolstering performance, according to Wedbush.All GMS growth levers are moving in the right direction, but the setup becomes more complex in H2 as purchase frequency remains below prior-year levels, the analysts said.Wedbush reiterated its neutral rating and boosted its price target to $88 per share from $80.Price: $85.43, Change: $+3.16, Percent Change: +3.85%

$ETSY$GOOG$GOOGL

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