JPMorgan Reports Record $21.2B Earnings, But One-Time Gains Mask Rising Costs
JPMorgan delivered its highest-ever quarterly profit of $21.2 billion in Q2 2026. However, one-time Visa and equity gains, plus surging expenses, raised concerns.
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CleanSpark Secures Transformational $6.6B Lease (Up to $11.6B) with Major Tech Company
Expected to deliver ~$330M annual NOI as the company pivots strongly into AI data centers.
Ericsson Q2 2026: Stronger Profits Offset by Sales Miss and Margin Pressure
Cost-cutting helped Ericsson exceed Q2 profit estimates, yet sales disappointed and guidance highlighted margin pressure from component costs.
Apple Stock Downgraded by KeyBanc on Slowing iPhone Demand and Stretched Valuation
KeyBanc turns bearish on Apple, cutting the stock to Underweight and setting a $250 target. Analyst flags softening demand, iPhone headwinds, and rich valuation.
UBS Turns Bullish on FuelCell Energy — Sees 42% Upside on Data Center Deals
Key catalysts: 380 MW Fit Energy deal and Siemens collaboration for data centers.
Rackspace Cuts 2026 Outlook and Announces $250M Raise to Accelerate AI Infrastructure Plans
BMO Capital calls Rackspace’s FY26 guidance cut a “meaningful reduction” but highlights improved visibility into its enterprise AI opportunity with AMD and Palantir.