Stocks
Track global stock market news across major equity markets, including earnings, company announcements, analyst updates, IPOs and market movers. edgeX News helps traders and investors follow key developments in U.S., Asian, European and other global stock markets.
2026 Week 32 Stocks Market Watch: Rate-Cut Bets Lift Stocks as AI Earnings Keep the Rally Selective
U.S. equities posted broad gains in Week 32 as a weaker-than-expected July jobs report shifted investor focus toward potential Federal Reserve rate cuts. The S&P 500 rose 3.6% and the Nasdaq Composite climbed 5.2%, with both closing at record highs on Friday, while the Dow added 3.0% and the Russell 2000 advanced 3.5%. The 10-year Treasury yield fell to approximately 4.11%, supporting valuations across growth, technology, and small-cap stocks. Corporate earnings from AI-linked companies such as Palantir and AMD reinforced demand for the growth trade. However, the July CPI release on August 12 represents the next critical test, as hotter inflation could undermine the rate-cut expectations underpinning the rally.
Google DeepMind Introduces Gemini 3.7 Flash, Its Most Intelligent Workhorse Model for Coding and Agents
Google DeepMind released Gemini 3.7 Flash on August 13, 2026, positioning it as its most capable model for coding and agent-driven workflows. Arriving just three weeks after Gemini 3.6 Flash, the new model delivers significant benchmark improvements across software engineering, web development, and knowledge work, driven by developer feedback and algorithmic advances. It is offered at an introductory price of $0.75 per million input tokens through the end of 2026, doubling on January 1, 2027. The model has been integrated into Gemini Spark for AI Pro and Ultra subscribers and includes updated safety safeguards against CBRN and cyber threats. It is accessible to developers, enterprises, and individuals across multiple platforms.
Cerebras CEO cites strong demand for AMD joint inference product
On July 23, Cerebras Systems and AMD announced a partnership to create a combined inference platform integrating AMD's Helios rack-scale systems with Cerebras' Wafer-Scale Engine technology. The companies describe the solution as a disaggregated inference system capable of delivering up to five times the tokens per second per watt compared to existing offerings, targeting latency-sensitive applications such as agentic AI, coding assistants, and robotics. AMD will deploy its hardware directly into Cerebras data centers, with initial availability through Cerebras Cloud expected in the second half of 2026. Cerebras shares rose approximately 5% following the announcement, reflecting positive investor reception of the collaboration between two companies with prior ties through CEO Andrew Feldman's earlier venture, SeaMicro.
Spiro Appoints Former General Motors Engineer Huy Chieu as Chief Development Officer
African electric mobility company Spiro has appointed Huy Chieu as its new Chief Development Officer, tasking the former General Motors programme engineering manager with overseeing end-to-end product development and operational expansion. Chieu brings nearly thirty years of automotive experience from roles at GM, VinFast, and Hero MotoCorp, spanning vehicle engineering, manufacturing, and supply chain optimisation across multiple global markets. Reporting directly to CEO Anant Badjatya, he will strengthen Spiro's engineering capabilities, product portfolio, and manufacturing footprint across Africa. The appointment follows Spiro's recent $270 million funding round and comes as the company scales operations with over 120,000 electric motorcycles deployed, 2,500-plus battery-swapping stations, and more than 47 million completed battery swaps across the continent.
S&P 500 Crosses 7,000 for First Time in History, Setting New Record
The S&P 500 has surpassed the 7,800 level for the first time in its history, setting a new all-time high amid sustained investor demand for U.S. equities. The benchmark index, which covers approximately 80% of available U.S. equity market capitalization, crossed the psychologically significant threshold as investors weigh economic data, corporate earnings, and interest-rate expectations. Trillions of dollars tied to passive investment vehicles tracking the index could generate systematic inflows. Market participants are now monitoring whether the S&P 500 can sustain its position above 7,800, while cryptocurrency observers note that strong equity performance may influence broader risk sentiment across asset classes.
Israel Aerospace Industries Reports Record Net Income of $712M, Advances Toward Potential $22-27B IPO
Israel Aerospace Industries reported strong annual results, with net income rising 45% to about $712 million and revenue increasing 21% to $7.38 billion. The state-owned defense and aerospace group is benefiting from higher global defense spending and now has an order backlog above $28 billion, supporting demand for its missile defense, aircraft, space, and aviation products. At the same time, the Israeli government is pursuing a sale of a 25% to 30% minority stake as IAI prepares for a possible IPO, potentially valued at $22 billion to $27 billion. Any listing would still require government approval and must navigate export-control and geopolitical risks.
BMNR Stock Consolidates as BitMine Approaches 5% Ethereum Holdings Target
BitMine Immersion Technologies (BMNR) shares declined for four consecutive sessions as the broader cryptocurrency market consolidated and investors reassessed the company's decelerating Ethereum acquisition pace. The stock traded near $18 after reaching approximately $19.31 earlier this month. BitMine currently holds 5.8 million ETH, representing about 4.8% of Ethereum's total supply, and continues working toward a 5% ownership target. The company has staked over 5 million coins on its validator network, projecting roughly $257 million in annualized staking revenue. Upon completing its accumulation program, BitMine intends to transition from a share-diluting entity into a free cash flow generator, directing capital toward buybacks, dividends, and investments. Near-term risks include Ethereum's stagnant price near $1,890 and reduced market demand once large-scale purchasing concludes.
Wolfe Research Lifts Biogen and AbbVie to Outperform With $300 Targets
Wolfe Research upgraded both Biogen and AbbVie to Outperform on Thursday and set $300 price targets for each, citing attractive valuations, strong pipelines, and expected clinical catalysts. For Biogen, the firm pointed to late-stage candidates litifilimab and felzartamab, along with revenue support from the Apellis acquisition, after the company beat quarterly earnings expectations. For AbbVie, Wolfe highlighted inexpensive valuation, continued growth from Skyrizi and Rinvoq, and patent protection that could limit near-term loss-of-exclusivity risk. The upgrades arrive as the pharmaceutical sector faces broad pressure from patent expirations and biosimilar competition.
Michael Burry Increases Nebius Short After Stock Surges 34% on Q2 Earnings
Nebius Group, an Amsterdam-based AI cloud provider spun out of Yandex, saw its shares surge 34% on August 12 after reporting Q2 revenue of $582.3 million, a 454% year-over-year increase that exceeded analyst estimates. The company secured four contracts each exceeding $1 billion, raised its 2026 power target to 5 gigawatts, and reported $8 billion in cash. Despite these strong fundamentals, prominent investor Michael Burry increased his short position the same day, arguing that AI infrastructure firms inflate profits by extending hardware depreciation timelines. Nebius had lengthened its server depreciation schedule from four to five years at the start of 2026, a move Burry specifically cited as flattering earnings industry-wide.
Starbucks (SBUX) Shares Hit 52-Week High After Robust Q3 FY2026 Results
Starbucks shares climbed to a 52-week high of $109.45 on August 13, bringing year-to-date gains to roughly 30%, after the company delivered a strong fiscal third-quarter 2026 report that exceeded Wall Street expectations on both earnings and revenue. Adjusted earnings of $0.85 per share topped consensus by a wide margin, while U.S. comparable store sales surged 8%, signaling a turnaround from prior-year traffic declines. Management raised full-year EPS guidance to $2.55–$2.65, prompting multiple analyst price-target increases. Despite the momentum, valuation metrics such as a price-to-earnings ratio above 62 and a dividend payout ratio exceeding 142% raise questions about whether the premium pricing is fully justified at current levels.