The US 1:1 Chip Plan forces companies to match imported chips with US production (1:1 ratio). If they fail, they face tariffs. This aims to secure national supply chains and stop relying on vulnerable overseas manufacturing, like Taiwan, for essential products.
Birkenstock raised its sales forecast (17.5% growth) due to strong demand from affluent shoppers, even after price hikes. They are also buying a factory near Dresden (€18M) to make more shoes and boost production capacity.
BlackBerry reports strong Q2 Fiscal Year 2026 results, achieving GAAP profitability, year-over-year revenue growth, and raising future financial targets, led by excellent performance from its QNX division.
CarMax Q2 results severely missed Wall Street forecasts (64¢ vs. ~$1.04 expected). Used car sales fell 6.3%, partly due to customers rushing buys ahead of tariffs and high loan losses. The stock dropped 12%. CEO Bill Nash called it "challenging".
Cipher struck a huge $3 billion, 10-year deal with Fluidstack to build 168 MW of AI data centers. Google guaranteed $1.4 billion of the lease and received about a 5.4% ownership stake in Cipher. This positions Cipher as a major AI Data Center Developer.
Rothschild & Co issued a Sell rating on Oracle, arguing that the market is overestimating the value of its contracted cloud business because the company acts more like a financier than a traditional cloud provider.
