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9/6
16:56
Elon Musk stated that SpaceX's first AI satellites, powered by Nvidia chips, will launch in Q4 2027 and reach "significant scale" in 2028. This marks the second acceleration of the timeline, which was initially set for "as early as 2028" in its May IPO prospectus and then "next year" during an August 4 earnings call. SpaceX has already secured deals with Anthropic and Google to rent orbital compute capacity.
16:55
Robbie Mitchnick, Head of Digital Assets at BlackRock, stated that the move aims to attract more family offices and high-net-worth individual investors, shifting Bitcoin from private wallets into regulated fund structures. Since the conversion process was first launched, IBIT has facilitated over $5 billion in physical Bitcoin conversions, up from $3 billion when Bloomberg first reported in October last year. Competitor Bitwise has also lowered its minimum threshold from $100 million to $3 million.
16:55
Tether-backed Chilean crypto exchange Orionx announced its closure on September 3, following an audit that revealed a $7 million shortfall in client assets, which had been transferred to wallets not managed by the company. Orionx has suspended withdrawals and filed a lawsuit with the Public Prosecutor's Office, along with criminal charges against co-founders Joaquín Díaz and Roberto Zibert. Orionx stated that its top priority is to return assets to clients as quickly and fairly as possible, and it has reported its asset liquidation and compensation plan to the authorities. The two co-founders have denied the allegations and stated they are cooperating with the investigation.
16:54
The stock-paired Solana launchpad StonkFun integrated with Raydium's LaunchLab on Saturday, contributing to STONK's 250% surge to a $140 million market cap. Raydium's native token RAY also saw gains of more than 40%.
16:48
Anthropic reached a $1.5 billion copyright settlement with authors last year, but authors recently complained that publishers and literary agents are claiming more than their fair share of the settlement funds. Under the terms of the settlement, Anthropic will pay $3,000 for each of nearly 500,000 pirated works. For in-print books, authors and publishers will split the payment 50/50, while agents typically do not receive copyright shares.
16:39
Benjamin Netanyahu is Israel’s longest-serving prime minister, and his leadership will be tested in the upcoming parliamentary election on October 27.
16:39
Yahoo Finance reported that NVIDIA, to address investor concerns about customer concentration, for the first time in its Q1 earnings report, split data center revenue into "hyperscale customers" and "ACIE." In the subsequent quarter, ACIE revenue surged by 138%, outpacing the growth of hyperscale customers. CEO Jensen Huang stated that hyperscale customers are the "easiest to get to market," while the broader industry, with 250,000 companies, represents NVIDIA's long-term target market. Insider Monkey data shows that 285 hedge funds held NVIDIA stock in Q2 2026, with a total value of $94.67 billion, an increase from 275 in Q1.
16:39
Netflix has once again raised prices for all its plans in the UK, with the ad-supported standard plan seeing the largest increase, from £5.99 to £7.99 per month. The ad-free standard plan and premium plan have also risen to £13.99 and £20.99, respectively. Following the news, Netflix shares fell 5.4% to $78.25 on Friday.

Despite the drop in Netflix's stock price after the price hike announcement, Motley Fool analysis indicates that Netflix has achieved annual revenue growth for the past 15 years, and previous price increases have not led to a decline in annual revenue. However, this latest price increase specifically targets the ad-supported plan, which has seen a 60% price jump in approximately 19 months. This could test the tolerance of its price-sensitive user base.
16:33
Apple's new M6 chip, built on a 2-nanometer process, delivers 4 times faster AI performance and 2 times faster graphics than the M4 model. The M5 Pro chip can process large language model prompts up to 8.5 times faster than its M2 Pro predecessor. The Mac Studio now starts at $2,499 with the M5 Max chip or $5,499 with the new M5 Ultra. Preorders opened Tuesday, with units shipping September 22. The company noted that developers can run and fine-tune large AI models locally on their Mac with these new chips and frameworks. The Mac Mini's entry price has risen to $899 from $599 at its 2024 launch, reflecting pricing power despite rising component costs.
16:19
Defence officials warn that the foiled drone attack at a German airport is seen as a sign of Nato’s weak response and Moscow’s impunity.
16:18
Analysis indicates that for U.S. investors, the return of capital distributions from the NEOS S&P 500 High Income ETF (SPYI) makes it more tax-efficient in a taxable account than in a traditional IRA, as traditional IRAs already provide tax deferral. Conversely, STAG Industrial's (STAG) ordinary income REIT distributions are better suited for an IRA, unless the investor qualifies for the Section 199A 20% deduction in a taxable account. Traditional IRAs convert all gains to ordinary income upon withdrawal, thereby eliminating the tax advantages of both these holdings.
16:17
Paramount Skydance Corporation (PSKY) CEO David Ellison has secured regulatory approval in 68 jurisdictions for his $110 billion bid to acquire Warner Bros. Discovery, Inc. (WBD). However, a lawsuit led by California Attorney General Rob Bonta, representing 12 states, remains the final obstacle. Bonta has canceled a planned settlement meeting with Ellison, citing a "lack of good faith." Paramount faces a ticking fee of approximately $650 million per quarter starting September 30 if the deal is not closed, and has asked a court to compel the states to post a $1.88 billion bond.
16:12
Yahoo Finance analysis indicates that SpaceX (SPCX) shares recently traded at approximately $150 (as of September 3rd), with Wall Street analysts' average one-year price target set at $222, representing about a 48% upside from the current price. The company's Q2 revenue surged 92% year-over-year to $7.8 billion, but it also reported a net loss of $541 million during the same period. Additionally, over 1 billion shares held by early investors are expected to unlock in September and October, which could exert downward pressure on the stock price.
16:04
Seoul plans to integrate five public power companies by October 2027, aiming to accelerate investments that will address the increasing energy demands from the country's growing artificial intelligence and chipmaking sectors. The government also seeks to streamline public corporations in the oil, gas, and port sectors.
15:57
The article points out that a $10,000 investment in NVIDIA ten years ago would now be worth nearly $1.5 million. However, NVIDIA's current market capitalization has reached $5.5 trillion. To replicate past returns and turn $10,000 into $1 million, its market cap would need to exceed $500 trillion, which is far beyond the global economic scale (projected to reach $150 trillion by 2030). Therefore, NVIDIA alone cannot achieve this. Nevertheless, as part of a diversified investment portfolio, investing in NVIDIA can still help investors achieve their millionaire goals.

Analysts project NVIDIA's revenue for fiscal year 2027 to reach $411 billion, nearly a 60-fold increase from fiscal year 2017. The global semiconductor market and AI chip market still have significant room for growth, with NVIDIA holding approximately 80% of the AI chip market share. Furthermore, the physical AI market is expected to reach $430 billion by 2030 and $1.6 trillion by 2040. NVIDIA is strengthening its presence in this sector through collaborations with companies like Amazon and Japan's Noetra. Analysts anticipate NVIDIA's earnings to grow at a compound annual growth rate of 49% over the next five years, potentially reaching a stock price of $735 in five years, which is 3.2 times its current price.
15:56
A US tax strategy leverages the “stepped-up basis rule” to eliminate capital gains tax on highly appreciated assets. By gifting stock to an aging parent, and then inheriting it back through their estate after they hold it for more than one year (the article suggests 18 months to clear the window), the asset's cost basis is reset to its fair market value on the date of death. This effectively erases decades of embedded capital gains, avoiding significant tax bills upon sale. However, the strategy carries risks, including the basis reset being voided if the parent dies within one year and the property returns to the original donor, potential impact on Medicaid eligibility due to a five-year lookback period, and state-specific estate or inheritance taxes.
15:56
Chevron has signed a landmark deal to significantly expand its operations in Venezuela, with CEO Mike Wirth stating that the company's patience in the region has paid off. The agreement will see Chevron invest more than $7 billion over the next five years, targeting a doubling of its production to around 600,000 barrels per day at an estimated cost of less than $20 per barrel. This move gives Chevron a significant head start over rivals like ExxonMobil and ConocoPhillips, who had previously left the country.
15:52
Identity security company Okta (Nasdaq: OKTA) reported adjusted earnings per share of $1.05 for the second fiscal quarter, above expectations of $0.97. Revenue increased by 11% year-over-year to $805 million, exceeding the anticipated $795 million. Net income reached $116 million, significantly higher than $67 million in the same period last year. Remaining performance obligations (RPO) grew by 17% to $4.86 billion, surpassing analysts' estimates of $4.7 billion. Okta has rolled out "Okta for AI Agents" to all customers, with the new product accounting for 30% of total bookings, and closed dozens of AI-related deals, including a multi-million dollar healthcare contract. The company raised its full-year revenue guidance to $3.22 billion to $3.23 billion.
15:52
The company's operating margin was only 1.6% in the first half of the year. Goodyear plans to cut capital expenditures to $725 million this year from roughly $1 billion annually in 2024-2025 combined, prioritizing debt paydown and refinancing amid challenges like tariffs and rising raw material costs.
15:51
The Financial Times reported that institutional investors are beginning to allocate capital to "evergreen" private market funds initially established by Blackstone Inc. and KKR & Co. Inc. for high-net-worth individuals. KKR has increased the transaction allocation cap for its K-Series funds from 7.5% to a maximum of 20% to meet growing demand.
15:46
Yahoo Finance (The Motley Fool) analysis indicates that Arista Networks is well-positioned to benefit from the AI data center construction boom, with Q2 2026 revenue reaching $3 billion and projected to increase to $3.3 billion in Q3. In contrast, IBM's quarterly revenue has shown volatility, with its infrastructure division sales down 7% year-over-year and consulting revenue flat. IBM has lowered its full-year 2026 sales forecast as clients shift spending towards companies like Arista, prioritizing investments in AI data center construction.
15:30
Exit polls show the Alternative für Deutschland (AfD) is set to win more than 44% of the vote in the eastern state of Saxony-Anhalt, a result higher than earlier opinion polls suggested, which the party has hailed as a "historic outcome". However, whether the party secures enough seats to govern will depend on smaller parties crossing the required 5% threshold to enter the state parliament.
15:29
NVIDIA Senior Director Dion Harris informed reporters that the Groq 3 LPX rack has entered full production and will be deployed later this year alongside NVIDIA's Vera CPU and Rubin GPU in neocloud Nebius. This rack marks the commercialization of Groq's asset technology, which NVIDIA acquired last December for $20 billion, its largest recorded transaction. Each liquid-cooled rack encapsulates 256 Groq chips, and NVIDIA states it can deliver 3,400 tokens per second, surpassing the 750 tokens of the "ultrafast" mode supported by OpenAI Cerebras.

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