In an interview with The Economist, Elon Musk suggested that leading AI firms should review each other's most advanced models before public release, a proposal that coincides with heightened debate over AI safety.
The Vita Coco Company (NASDAQ:COCO) raised its full-year 2026 financial guidance after reporting a 28% year-over-year sales increase in the second quarter, sending its shares sharply higher.
The U.S. grocery chain significantly lowered its annual sales and profit guidance, citing pressure from inflation-weary shoppers. The news sent the company's stock down as much as 20% in premarket trading.
Shares of The Vita Coco Company surged after it reported second-quarter results that significantly beat analyst estimates, raised its full-year financial outlook, and announced the strategic acquisition of premium coconut water brand Copra, Inc.
The private equity giant reported distributable earnings of $1.52 per share, surpassing analyst expectations, driven by successful asset sales and significant gains from its investments in artificial intelligence. Total assets under management climbed to a new high of $1.35 trillion.
Alphabet disclosed a $94 billion holding in SpaceX in its latest quarterly filing, marking the investment to market for the first time since the aerospace company's June IPO. The vast majority of the shares are subject to post-IPO lockup agreements.
Shares of AI infrastructure firm Hut 8 surged in pre-market trading after Morgan Stanley initiated coverage with an 'Overweight' rating and a Street-high price target of $263.
Nike Inc. detailed significant operational changes during its 2026 fiscal year, including a new 'Sport Offense' model, which contributed to a modest decline in earnings per share as the company invests in a long-term turnaround.
Shares of the Swiss dermatology firm fell as investors booked profits and weighed ongoing regulatory hurdles, despite the company reporting first-half results that beat expectations and raising its full-year sales forecast.
