Most Important News

1. Michael Burry Warns Calm Markets Mask Looming Reversal; 
2. Global EV Sales Diverge As North America Slumps;
3. IBM, OpenAI Forge Enterprise AI And Security Alliance;

S&P 500 futures edged higher on Thursday as oil prices declined and traders awaited more inflation data. Wall Street also weighed a slew of fresh earnings reports.

Brent crude futures shed nearly 2% to trade at $87.36 per barrel, while West Texas Intermediate futures slid 2% to $81.58 per barrel. The moves come as traders weighed falling oil demand while the U.S.-Iran war continues.

CPI for July increased by 0.1% month over month, matching expectations. The tame report gave the S&P 500 Futures main(ESMAIN.US) a boost, with the benchmark closing higher for the first time in three sessions. The report led to traders paring expectations for a rate hike in September.

Cisco Systems, Inc.(CSCO.US), Cerebras Systems(CBRS.US) and Coherent Corp.(COHR.US) all moved lower in premarket trading after earnings updates overnight. Cerebras plummeted 15% ahead of the opening bell, while Cisco was down almost 6%. Coherent was nearly 7% lower.

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As of 03:30 PM Riyadh Time, top pre-market movements are as follows:

30-Year US Treasury Yield Nears 25-Year High

The US government faces 30-year bond issuance at highest rates in 25 years, potentially shifting debt to shorter maturities after historic sell-off.

Huang Says Nvidia GPUs Remain Economic Workhorses

NVIDIA Corporation(NVDA.US) Jensen Huang said A100 data-center GPUs launched in 2020 can remain economically productive through 2029, supporting AI inference workloads. This durability underpins treating GPUs as financeable income-generating capital assets, bolstering long-term AI infrastructure investment. Read in detail>>

Michael Burry Warns Calm Markets Mask Looming Reversal

• Investor Michael Burry warned that an unprecedented 182-session stretch without broad NYSE selloffs signals a dangerous, latent market reversal, urging investors to avoid leverage during long, unpredictable cycles that could bankrupt many despite seemingly validating diverse market timing views. Read in detail>>
• Investor Michael Burry cautioned that the current artificial intelligence investment boom may end in severe overcapacity, calling Nvidia’s $500 billion AI infrastructure push a Wall Street “gimmick” and holding bearish positions against NVIDIA Corporation(NVDA.US), Micron Technology, Inc.(MU.US), Caterpillar Inc.(CAT.US), Palantir(PLTR.US), Tesla Motors, Inc.(TSLA.US) and PHLX Sox Semiconductor Sector Ishares(SOXX.US). Read in detail>>

Global EV Sales Diverge As North America Slumps

Global electric vehicle sales rose 9% in July, driven by Europe’s 33% surge to 450,000 units, while North American sales fell 27% to 140,000 units amid reduced incentives and Trump policy changes; China declined 5%, rest-of-world sales jumped 97%. Read in detail>>

Jurvetson Backs Off-Grid Solar To Power AI

Ambrosia Energy, backed by early Tesla Motors, Inc.(TSLA.US) and SpaceX(SPCX.US) investor Steve Jurvetson, plans vertically integrated off‑grid solar plus lithium iron phosphate battery systems for data centers, targeting $100/MWh, 99.9% availability and sub‑12‑month deployment amid surging US AI‑driven electricity demand. Read in detail>>

Velvet Token Soars As SpaceX IPO Hype Builds

Velvet surged 378% year-to-date, vastly outperforming Bitcoin, GRAYSCALE ETHEREUM MINI TRUST(ETH.US), and Dogecoin, which fell 27–44% in 2026. Pre-IPO synthetic products and intense speculation around SpaceX(SPCX.US) drove a 1,400% weekly spike in Velvet’s price. Read in detail>>

Cisco Falls On Strong Quarter, Bullish Guidance

Cisco Systems, Inc.(CSCO.US) fell after Q4 revenue of $17.25 billion and adjusted EPS of $1.22 beat forecasts, with product orders up 35%. The company guided Q1 and FY2027 revenue and EPS above analyst estimates, signaling sustained networking demand. Read in detail>>

Coherent Beats, Guides High, Stock Falls

Coherent Corp.(COHR.US) beat Q4 estimates with strong guidance, yet shares fell 2.5%-5% overnight after day's 8.2% surge, highlighting lofty AI sector expectations.

IBM, OpenAI Forge Enterprise AI And Security Alliance

IBM Corp(IBM.US) and OpenAI formed a strategic partnership integrating GPT-5.6, Codex and ChatGPT Work into IBM Consulting Advantage, launching an OpenAI-focused consulting division to modernize legacy workflows, accelerate software development, and enhance IBM Autonomous Security for managing AI-driven cybersecurity and governance risks at scale. Read in detail>>

Tesla Plans $10.1 Billion Texas Solar Cell Plant

Tesla Motors, Inc.(TSLA.US) is seeking tax incentives to build a $10.1 billion, vertically integrated solar cell facility in Fort Bend County, Texas, potentially creating over 10,000 jobs and starting operations in Q1 2029, while investor Chamath Palihapitiya frames the expansion as a nuclear-energy bet. Read in detail>>

Meta Disables Youth Accounts Amid Australian Crackdown

Meta Platforms(META.US) disabled over 756,000 suspected under‑16 Australian accounts on Facebook and Instagram to comply with a new social‑media age law, as regulators threaten fines up to A$99 million and a 2.25% revenue tax while META’s stock trends negatively year‑to‑date. Read in detail>>

Sandisk, Kioxia Launch Faster AI-Ready NAND Flash

Sandisk Corporation(SNDK.US) and Kioxia unveiled ninth‑generation 3D QLC NAND flash with 2Tb capacity and a 4.8Gbps interface, boosting speed 33% and improving power efficiency to meet surging AI and data‑intensive storage demand, while maintaining relatively low manufacturing costs and accelerating advanced storage deployment. Read in detail>>

Oracle Plans New Layoffs Amid AI Debt Strain

Oracle Corporation(ORCL.US) is preparing another round of job cuts, potentially double‑digit percentages in some teams, to curb costs after heavy AI infrastructure spending drove free cash flow to negative $23.7 billion and capex to $55.7 billion. Despite 21,000 prior layoffs, Oracle targets self‑funded AI investments and positive free cash flow by fiscal 2029, backed by $90 billion planned financing in 2026–2027. Read in detail>>

Rocket Lab Updates $1.94 Billion ATM Program

Rocket Lab USA, Inc. - Warrant(RKLBW.US) entered a new at-the-market equity distribution agreement with Deutsche Bank Securities and Wells Fargo Securities to sell up to $1.94 billion of common stock, replacing a prior $3 billion program after already issuing $1.06 billion under it. Read in detail>>

Faraday Future Shareholders Approve Private Offering Plan

FARADAY FUTURE INTELLIGENT ELEC INC(FFIE.US) shareholders approved a private offering to fund EAI robotics development and 2026 deliveries, support contractual obligations and future capital raising, and strengthen synergies with its digital asset system. Q2 2026 results and business updates will follow an August 13 earnings call. Read in detail>>

Opendoor Raises Zero-Coupon Convertibles, Launches Buyback

OpenDoor Technologies(OPEN.US) will issue $650 million zero-coupon convertible notes due 2030 and repurchase 45.3 million shares for $158 million, cutting share count 5% while adding about $440 million growth capital, with structured call options minimizing dilution below $10.38 per share. Read in detail>>

Analysts Lift Applied Materials Targets Before Earnings

Applied Materials, Inc.(AMAT.US) reports Q3 earnings Thursday, with consensus EPS at $3.39 versus $2.48 a year ago and revenue at $9 billion versus $7.3 billion. Shares closed at $548.15 as multiple high-accuracy analysts raised buy-rated price targets up to $740. Read in detail>>

CuriosityStream Soars On Earnings Beat, Dividend Launch

CuriosityStream Inc Class A(CURI.US) surged 42% after hours as Q2 EPS hit $0.15 versus $0.03 expected, with revenue up 22% to $23.25 million and record $8.9 million net income. Guidance was raised and a $0.085 quarterly dividend announced, despite shares trading near 52-week lows. Read in detail>>

Infleqtion Rises On Surging Quantum-Driven Revenue Growth

Infleqtion, Inc.(INFQ.US) advanced after Q2 revenue hit $12.63 million, beating $10.64 million forecasts, with sales up 116% year-on-year driven by quantum technology. Despite missing EPS expectations, CEO Matt Kinsella highlighted accelerating commercialization and co-developed customer applications. Read in detail>>