Riot Platforms sold 4,300 Bitcoin in Q2 2026 to fund its transition from Bitcoin mining to AI-powered data center infrastructure. Despite reducing its BTC holdings by about 27%, Riot ended the quarter with over $1.2 billion in liquid assets and growing revenue. The company secured long-term contracts totaling nearly $9.8 billion, including a major 20-year lease with AI firm Anthropic, signaling a strategic pivot to stable, high-demand AI computing capacity. This shift diversifies Riot's business and reduces reliance on volatile Bitcoin mining profits, potentially offering investors more stable returns.
United Natural Foods (UNFI) is set to report Q4 earnings with revenue expected around $7.71 billion, a slight 1.6% decline from last year due to network optimization. Despite the revenue drop, EPS is forecasted to rise sharply to $0.61-$0.62, a signi...
Oracle reported strong fiscal 2026 results with 17% revenue growth to $67 billion and a 36% net income increase, driven by a 75% surge in its cloud infrastructure segment. Despite a recent 55% stock price drop from its peak, Morgan Stanley raised Ora...
RBC Capital increased its price target for cybersecurity firm Zscaler to $210, maintaining an "Outperform" rating due to the company's strong financial results and AI innovation. Zscaler reported a 25% rise in revenue and Annual Recurring Revenue, su...
Lululemon Athletica's shares fell about 18% after the company lowered its full-year financial forecast for the second time, reflecting ongoing challenges. In Q2 2026, total net revenue dropped 4% to $2.40 billion, with a 10% fall in comparable sales ...
Teva Pharmaceutical Industries received a boost as UBS reaffirmed its "Buy" rating and raised the price target to $48, up from $36.62. This follows positive Phase 2a clinical trial results for TEV '408, a drug showing significant prevention of intest...
