Individual Stock News
1. SK Hynix (SKHY.O): Has not sought to acquire Intel's (INTC.O) land and manufacturing plant in Ohio, nor has it made any decision on the matter.
2. AT&T (T.N) reported Q2 total revenue of $31.6 billion, a 2.3% year-over-year increase; adjusted earnings per share were $0.65, compared to $0.54 in the same period last year.
3. Alphabet (GOOG.O), Google's parent company, will release its second-quarter earnings report after the US stock market closes on Wednesday. The market expects Google's second-quarter revenue to further increase to $116.8 billion, a 21.1% year-over-year increase.
4. US private space company Rocket Lab (RKLB.US) has been awarded a $266 million fixed-price contract to conduct 12 suborbital launches for the US government, with an option to add 6 more launches.
5. Equinor (EQNR.US), the Norwegian state-owned oil company, reported second-quarter earnings per share (EPS) of $1.33, exceeding analysts' previous expectations of $1.38. 6. Neuralink, Elon Musk's brain-computer interface startup, has recently surpassed the $42 billion valuation mark in private equity secondary market transactions.
7. Faraday Future (FFIE.O) announced a 150-for-1 reverse stock split of its Class A and Class B common shares to maintain its Nasdaq listing, effective from the opening of trading on July 24, 2026.
8. Advanced Micro Devices (SMCI.US) released preliminary fourth-quarter results, with GAAP and non-GAAP gross margins expected to be between 15% and 17%, almost double the previous guidance range of 8.2% to 8.4%.
9. AMD (AMD.O) signed a major chip and investment agreement with ANTHROPIC, under which AMD will invest $5 billion in ANTHROPIC.
