Hut 8 Misses Q2 Estimates but Locks In $26.6 Billion in AI Data Center Contracts
Hut 8 Corp. missed Q2 estimates but secured 949 MW of AI capacity, $26.6B in contracts, $7.5B financing, and fully commercialized its Beacon Point campus.
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SHAZ Signs $373m AI Cloud Agreement, Contracts 120MW of Capacity
Sharon AI signs a US$373 million five-year AI cloud agreement with a global platform, contracting 120MW capacity and 2,048 NVIDIA Blackwell GPUs.
Caterpillar Shares Jump as Strong Demand Drives Record Sales and Higher Guidance
Caterpillar reports record $20.5B Q2 sales (+24%), $8.17 adjusted EPS, and raises full-year growth forecast amid strong AI and construction demand.
McDonald’s Q2 Earnings: Profit Tops Forecasts but U.S. Sales Miss
McDonald’s U.S. same-store sales rose just 0.8% in Q2, missing forecasts despite value menus and deals aimed at lower-income customers.
BofA Downgrades Duolingo to Underperform, Cuts Price Target to $93
BofA cuts Duolingo’s rating, warning that high valuation, AI risks, and uncertain growth could pressure the stock.
Spotify Hits 300 Million Subscribers, But Shares Drop on Soft Outlook
Spotify forecasts weaker Q3 profit and slower user growth in North America and Europe, sending shares lower despite solid second-quarter results.