Amazon (AMZN) CEO Andy Jassy doubles AWS revenue target to $600B, citing AI momentum, though implied growth trails current pace. Stock up modestly.
Jabil (JBL) stock gains after Q2 earnings surpass expectations with $2.69 EPS and $8.3B revenue. Company raises FY2026 guidance to $34B on cloud demand.
Apple (AAPL) stock sees modest gains as Tim Cook visits China and the tech giant reduces App Store fees to 25%, responding to regulatory pressure.
JPMorgan names Shell, Eni, TotalEnergies, and Galp as top oil stocks as Brent crude surges past $100 amid Iran conflict and Strait of Hormuz disruptions.
SoFi (SOFI) stock dropped 4% after Muddy Waters announced a short position, claiming inflated earnings. CEO Noto bought $500K worth of shares in response.
TotalEnergies (TTE) stock rises as TD Cowen upgrades to Buy with $97 target and Piper Sandler increases price target to $92 on strong cash flow outlook.
Ondas (ONDS) stock surged 7% after purchasing INDO Earth Moving, securing a $140M military contract for heavy engineering vehicles starting Q2 2026.
Cango (CANG) suffered a $452.8M loss in its first year mining Bitcoin. The company is now pivoting to AI as EcoHash after selling $305M in BTC.
Gold holds near $5,000 ahead of Fed meeting. Markets expect no rate change, but Powell’s guidance on future cuts could determine gold’s next move.
General Mills stock falls after Q3 earnings miss expectations at 64 cents per share and organic sales decline 3%, reaffirming weak full-year outlook.