Citi Says AppLovin Is Positioned to Meet or Beat Q3 Guidance
Citi added a 90-day upside view on AppLovin with a $600 target, calling Q3 concerns misguided.
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Skyworks Shares Jump After CEO Says Qorvo Deal Is on Track to Close This Year
Investors pushed Skyworks higher after CEO Philip Brace said the $22 billion Qorvo combination is nearing a close.
GTCR Eyes Buyout of SPS Commerce
GTCR is in talks to buy SPS Commerce. Growth slowed, activists pushed a sale, and a deal could come in weeks. Nothing is final.
Oracle Spending Hold Lifts Server and Rack Stocks
Oracle kept its $90–95B AI capex plan as Microsoft targets 38 GW by 2032. HPE and Dell jumped on the infrastructure read-through.
Oklo Reloads $1 Billion Stock-Sale Program After Using Up the Last One
Oklo launched a new $1B at-the-market stock program after fully using its May ATM, which raised about $1B from 17.97 million shares. Dilution concerns hit the stock.
Kroger Cuts 2026 Sales Outlook After Identical Sales Slow to 0.2%
Kroger reported Q2 adjusted EPS of $1.09, beating estimates, but identical sales without fuel grew only 0.2%. Full-year sales guidance was cut.