Meta Platforms (META -0.31%) stock is down 24% from its high amid concerns about how much money the company is spending on artificial intelligence infrastructure. Investors will get more information on that topic when Meta announces second-quarter financial results on Wednesday, July 29.
However,
One of Wall Street’s largest publicly traded companies, Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB), has entered a new era. With Warren Buffett officially retiring as CEO on Dec. 31, 2025, after more than half a century at the helm, it’s his protégé, Greg Abel, now calling the shots.
Berkshire’s more than five dozen owned companies more or less run themselves.
Morningstar kept its $450 fair value estimate, implying about 46% upside from current levels.
Tesla’s Q2 profitability weakened as adjusted EPS missed estimates, operating income fell 57%, and margin narrowed to 1.4%.
Capex rose to $5.79 billion, turning free cash flow negative by $1.09 billion as Tesla ramps AI,
Yes — by the numbers, Wall Street is treating Advanced Micro Devices (AMD -5.09%) as close to fully valued going into next week’s report. The average price target on the stock is $570.60, about 9% above Friday’s close of $521.95.
That cushion is thin for a stock this well-liked.
Bitmine Immersion Technologies (BMNR) shares popped 13% Monday after a fresh treasury update. It was the best-performing stock of the day on Wall Street. The Ethereum (ETH) firm’s $11.8 billion in crypto,
» Read more about: Bitmine Stock Pops 13% as ETH Treasury Bet Pays Off on Wall Street »
Yau Teng Yan, founder and analyst of Tessara, said in a post on X that following Hunterbrook Capital’s short-seller report, markets will be focusing less on topline beat and more on the kind of revenue.
The analyst said that markets will be watching to see whether the announced deployments are durable and economic,
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Space Exploration Technologies (SPCX -1.36%) has been volatile since it pulled off the largest IPO in history last month. The stock reached a high of about $225 — well above its IPO price of $135 — but has now declined slightly below $112, as of writing.
» Read more about: Prediction: SpaceX Stock Will Fall After Aug. 4 »
US tech stocks sank before the bell on Tuesday as a sell-off in Korean memory makers underscored concerns about AI circular financing deals, overshadowing a drop in oil prices and earnings optimism.
Contracts on the Nasdaq-100 (NQ=F) fell 0.9%, signaling further losses for the tech-heavy index,
» Read more about: Stock market today: S&P 500, Nasdaq futures slide as chip sell-off deepens »
Tesla’s vehicle sales recovered in the second quarter, but negative free cash flow, declining margins and increasing AI spending present new threats for TSLA investors.
Tesla (TSLA) finally gave investors the car comeback they’ve been waiting for. But the profits and cash flow never came.
» Read more about: Tesla sales rebound hides costly problem for investors »