markets

Hyunsoo Rim12/10/25

GE Vernova soars after lifting outlook and doubling dividends amid AI-powered electricity boom

GE Vernova is up more than 10% as of 6:05 a.m. ET, after the maker of power generation equipment raised its multiyear earnings forecast and boosted shareholder returns.

At Tuesday’s investor day, the company said it now expects $52 billion in revenue and a 20% adjusted EBITDA margin by 2028, up from the $45 billion and 14% that it projected last December, as electricity demand surges on the back of the AI and data center boom.

CFO Ken Parks said momentum is being driven by a “large and growing backlog, with healthy margins from services and better equipment pricing.” GE Vernova expects its total backlog to grow from $135 billion today to ~$200 billion by 2028, including doubling its electrification backlog to $60 billion.

The company also doubled its quarterly dividend to $0.50 per share, while expanding its share repurchase authorization from $6 billion to $10 billion.

CEO Scott Strazik dismissed concerns of an AI-driven energy bubble, saying AI “isn’t the only driver” for the company, adding that demand from hyperscalers is growing in magnitude. Separately, GE Vernova also said it’s collaborating with the US government to shore up supplies of rare earth material yttrium, now in short supply amid China’s export curbs.

With this morning’s jump, shares are up more than 105% for the year so far.

The company also doubled its quarterly dividend to $0.50 per share, while expanding its share repurchase authorization from $6 billion to $10 billion.

CEO Scott Strazik dismissed concerns of an AI-driven energy bubble, saying AI “isn’t the only driver” for the company, adding that demand from hyperscalers is growing in magnitude. Separately, GE Vernova also said it’s collaborating with the US government to shore up supplies of rare earth material yttrium, now in short supply amid China’s export curbs.

With this morning’s jump, shares are up more than 105% for the year so far.

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General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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