Articles by Dennis Singleton
Page 4 of 9
Cybersecurity keeps pulling in money. Palo Alto Networks (PANW) trades at 291 times earnings.
Cybersecurity spending looks as durable as anything in this market, and a wave of M&A backs it up: three public companies gone in a year, the biggest a $25 billion Palo Alto Networks deal for CyberArk. But Palo Alto itself trades at 291 times earnings and CrowdStrike's price-to-earnings ratio is negative. Here's the market-cap breakdown of the 21 stocks left standing, and why the category and the stocks aren't the same bet.
All seven Magnificent Seven stocks fell today. Here's where that money actually went (July 23, 2026)
All seven Magnificent Seven stocks were red by late morning Thursday, led by Tesla's 14% drop on an earnings miss and Alphabet's close-to-7% slide despite beating estimates, on another capex raise. Amazon and Meta sold off too ahead of next week's reports. The money didn't just leave, it rotated: into defense on Lockheed's earnings beat, and out of quantum, SaaS and space.
Tesla (TSLA) and Alphabet (GOOGL) are falling hard. The rest of the AI trade isn't (July 23, 2026)
Tesla and Alphabet kept falling through Thursday morning even as chipmakers, neoclouds and photonics stocks held up fine. Oil topped $100 a barrel after Trump threatened to bomb Iranian infrastructure over any new attack on shipping.
Nokia (NOK) spiked almost 9% on earnings, then reversed. AI and cloud sales doubled, but reported profit fell to a loss
Nokia's Q2 2026 net sales rose 8% and AI and cloud sales more than doubled, but reported operating profit swung to a loss and reported EPS hit exactly zero, on accelerated restructuring charges. NOK spiked as high as $11.17 in early trading before reversing back near Wednesday's close.
Alphabet (GOOGL) raised AI capex to $205 billion, its third hike this year. Nvidia (NVDA) and Broadcom (AVGO) barely moved after hours
Alphabet raised its 2026 capex guidance to $195-205 billion during Wednesday's call, its third increase this year, and GOOGL fell as much as 5% in extended trading. But the chip and power stocks that are supposed to benefit from that spending, Nvidia, Broadcom, TSMC, Micron, Vistra and Constellation, barely moved.
Alphabet (GOOGL): cloud growth hits 82%, and its AI spending just doubled
Alphabet's Q2 2026 results answered the question this earnings week was supposed to settle. Google Cloud grew 82%, capital spending on AI infrastructure more than doubled to $44.9 billion for the quarter, and the reported 298% profit jump comes with an asterisk worth reading before you believe it.
GE Vernova (GEV) raised its cash forecast by $5 billion and fell 8% (July 22, 2026)
GE Vernova raised its 2026 revenue and free cash flow forecasts and reported an 88% jump in orders, but earnings missed and the wind unit's losses widened. The stock fell about 8%.
Super Micro's (SMCI) revenue landed at the low end of guidance. The stock is up 25% anyway (July 22, 2026)
Super Micro Computer's preliminary Q4 update showed a record $60 billion order backlog and gross margin guidance that nearly doubled, but revenue landed at the low end of its own range. The stock is up about 25% anyway.
Nasdaq-100 futures sank close to 1% Wednesday morning. Stocks clawed almost all of it back by mid-morning (July 22, 2026)
Nasdaq-100 futures fell close to 1% Wednesday morning on an Iran oil spike, new tariffs and chip-stock fear. Stocks opened lower too, but climbed steadily through the first half hour of trading and were back to nearly flat by mid-morning.
Oklo (OKLO) and X-Energy (XE) rallied Tuesday. After the bell, a Trump nuclear-for-AI report sent them higher again (July 21, 2026)
Oklo (OKLO) closed up about 6% Tuesday and X-Energy (XE) about 7%, then both extended those gains after the bell. Bloomberg reports the two nuclear reactor developers are joining Microsoft and Nvidia in a near-$200 million Trump administration effort to speed power plant construction for AI data centers.
IBM already sank 20%. This week's earnings from Alphabet, Tesla, Intel and four more decide if AI spending is real
IBM already sank 20% on a warning. Now Alphabet, Tesla, Intel and four more of our tracked stocks report earnings within 48 hours, the clearest test yet of whether AI spending is paying off.
Rocket Lab (RKLB) won a $266 million Space Force contract, the third defense headline for the stock in two weeks
Rocket Lab (RKLB) landed a $266 million Space Force contract for suborbital launches out of Kodiak, Alaska on July 21, the third defense headline for the stock in two weeks. Shares closed up 5.16% and kept climbing after hours.
Jim Cramer's tech calls are still lagging the rest of his book. Intel is 1 for 5, and IBM crashed the day after his second buy call.
Jim Cramer's tech calls are still his weak spot. Intel is 1 for 5 since June, IBM is down nearly 30% since his back-to-back buy calls, and his tech picks trail the Nasdaq-100 by more than three points a call even after Tuesday's chip bounce.
Jim Cramer says Chinese AI models are run by the PLA and US companies must stop using them. Microsoft is already testing one.
Jim Cramer posted a four-part warning on X that US companies must stop using Chinese AI models, calling the companies PLA-run. The claim lands a day after Microsoft was reported testing Kimi K3, and Moonshot AI's actual ownership is more complicated than he suggests.
IREN signed $2.8 billion in AI contracts, and bitcoin miner stocks rallied with it
IREN closed up 19.6% after announcing $2.8 billion in new AI cloud contracts. Hut 8 and CleanSpark had data center lease news of their own, while CIFR, SLNH and KEEL rallied in sympathy. The fuel: Moonshot AI is turning away paying Kimi K3 subscribers because it ran out of GPU capacity.
Penguin Solutions (PENG) is down 40% since its best quarter ever, and none of it is about the business
Penguin Solutions (PENG) is down about 40% from the 52-week high its best quarter ever bought it, thanks to its own $750 million convertible notes deal. The stock fell again Monday even as chip stocks like Broadcom and Micron rebounded and the broader market closed roughly flat.
Microsoft (MSFT) is testing Moonshot's Kimi K3 for Copilot to cut its Azure AI bill by $600 million
Microsoft is testing Moonshot's Kimi K3 for Azure and Copilot, hoping to cut AI costs by $600 million, the same week the model's launch gave chip stocks a rough ride and its maker began prepping a $30 billion Hong Kong IPO.
Nvidia (NVDA) and Microsoft (MSFT) don't just sell OpenAI chips and cloud time. They also fund the bill.
Nvidia, Microsoft, Oracle, Broadcom, AMD, and CoreWeave have promised OpenAI close to a trillion dollars combined, and some of them are OpenAI's investors as well as its vendors. Here's how the money actually loops, and where it's already showing strain.
Google is baking Gemini's blueprint directly into a new chip. The stock jumped 3%, and earnings land Wednesday
Alphabet shares jumped about 3% Monday on a report that it's building a new AI chip called Frozen v2, one that bakes Gemini's own architecture into the silicon. The real test comes Wednesday, when Alphabet reports Q2 earnings.
FuelCell Energy (FCEL) director bought $495,000 in stock on the day it fell 15%
FuelCell Energy (FCEL) director John Livingston made his first stock purchase on July 16: $494,967 in the open market, on a day shares fell 15%, about a week after a $225 million offering diluted existing shareholders.
Kimi AI stopped taking new signups days after launch as GPU demand maxed out. Alphabet (GOOGL), Tesla (TSLA) and Intel (INTC) report into a chip bear market (week of July 20, 2026)
Moonshot paused new Kimi subscriptions three days after K3 launched because its GPUs hit capacity, which was our whole argument for chip stocks. This week: Alphabet, Tesla, Intel and Nokia earnings, $88 oil, and a Kospi reopen.
Memory stocks fell hard this week, from Micron (MU) to Western Digital (WDC). Sandisk (SNDK) lost 29%, and Goldman's price target says it should be 60% higher.
Sandisk (SNDK) fell 29% this week, the worst of a brutal stretch for memory stocks that also hit Micron (MU) and Western Digital (WDC). Two weeks ago Goldman Sachs raised its SNDK target to $2,200, more than 60% above Friday's close. Earnings on August 5 start settling the argument.
New Mexico blocked the pipeline feeding Oracle's (ORCL) biggest Stargate site. Bloom Energy (BE) has 2.45 GW riding on it.
New Mexico's land commissioner denied the Green Chile gas pipeline for Oracle's Project Jupiter Stargate site a second time, and SemiAnalysis now sees a 1 to 2 year delay risk. That puts Bloom Energy's record 2.45 GW fuel cell order, and a $61 billion market cap built on AI power deals, on the clock.
Sivers Semiconductors (SIVEF) diluted shareholders by 11% in two days. Then its insider lockup expired.
Sivers Semiconductors (SIVEF) grew its share count by about 11% in two days in early July, between a SEK 700 million raise and a lender's debt-to-equity conversion. An insiders' lockup then expired July 16, and the stock, still without a rebuttal to short seller Ningi Research's claims, is down roughly 67% from its 52-week high.