Edgen AI operates independently of, and is not controlled by Aspen Digital Financial Limited.
GE Vernova up 8x from 2024 low on AI power demand
Edgen Stock·Aug 01 2026, 15:19Share to
Share to
Copy link
[1] $5,000 in GE Vernova at Its 2024 Low Would Be Worth This Much Now (https://www.fool.com/investing/2026/08/01/500 ...)[2] GE Vernova (GEV) Stock Price History 2024-2026 (https://stockanalysis.com/stocks/gev/history ...)[3] GE Vernova Inc. (GEV) - Historical data, historical prices (https://twelvedata.com/markets/471811/stock/n ...)[4] $5,000 in GE Vernova at Its 2024 Low Would Be Worth This Much Now | The Motley Fool (https://www.fool.com/investing/2026/08/01/500 ...)[5] GE Vernova LLC Stock Price History - Investing.com (https://www.investing.com/equities/ge-vernova ...)
Related News
Aug 01 2026, 17:18
Applied Materials jumps 15% as AI memory shortage extends to 2028
Applied Materials shares jumped 15 percent to $501.77 on July 30 after Samsung warned the AI memory shortage will stretch into 2028. CEO Gary Dickerson said the AI build-out, combined with the company's positions in leading-edge logic, DRAM, and advanced packaging, provides "an exceptionally strong foundation for sustained, multi-year revenue and profit growth." The move came without any company-specific news from Applied. The trigger was a cascade of sector signals: Lam Research reported record June-quarter revenue and guided for about $8.1 billion in September-quarter revenue, Samsung said the memory shortage will worsen through 2027 and persist into 2028, and Microsoft's strong Azure growth lifted capital spending confidence. The PHLX Semiconductor Index rose about 8 percent on the day, with Micron gaining about 18 percent and Lam Research up roughly 18 percent. The Aug. 13 report has two jobs: deliver on the roughly $9 billion revenue guide and back the 30 percent calendar 2026 growth call. Until then, Thursday's gain is a bet on results Applied hasn't reported yet. The stock remains more than 30 percent below its 52-week high of $739.67, set on June 30. The day before Thursday's surge, AMAT sat near $436, down 39.63 percent from that peak — one of the ugliest month-long drawdowns a mega-cap chip name has taken in this cycle. Michael Burry, who shorted the 2008 housing market, disclosed a fresh AMAT short at $729.40 on June 30. Applied's own fundamentals support the rally. In May, the company reported record fiscal second-quarter results: revenue rose 11 percent year over year to $7.91 billion, and non-GAAP earnings per share grew 20 percent to $2.86. Management guided for fiscal third-quarter revenue of about $8.95 billion, plus or minus $500 million, which would be another record. Applied also raised its quarterly dividend 15 percent this year to $0.53 per share, its ninth straight annual increase. The memory trade is the core driver. Samsung told investors it expects the chip crunch to run through 2028, backing that view with multi-year supply deals with the five largest data center operators. Micron CEO Sanjay Mehrotra had already warned in June that tight conditions could persist beyond calendar 2027 because AI demand is running ahead of supply across segments. AWS revenue rose 36.7 percent year over year to $42.2 billion, its fastest growth in 18 quarters, while Microsoft shares jumped 16 percent after strong Azure growth added about $450 billion in market value in a single day. Applied sells the tools that build memory. The company holds the number one position in high-bandwidth memory packaging, and its DRAM equipment market is expected to run more than twice the size of the NAND market for the foreseeable future. In HBM4, the base die beneath every memory stack is moving to advanced FinFET logic, pulling Applied's foundry-logic tools along with its memory tools. Goldman Sachs raised its Applied Materials price target to $645 from $520 in early July while keeping a buy rating. Morgan Stanley and Mizuho also lifted targets on the stock in July. The stock trades at about 28.6 times forward EV/EBITDA, a premium to Lam Research at 26.4 times and well above NVIDIA at 15.5 times. The Aug. 13 print is where Applied proves the bounce deserved. After the close, the company reports fiscal Q3, already guided to $8.95 billion in revenue, up about 23 percent year over year, and $3.36 in non-GAAP EPS. The number that decides the reaction is not the headline beat but the calendar 2026 equipment growth outlook management raised to more than 30 percent last quarter. Reaffirm or lift it, and the July 30 rally starts to look like a floor forming. Trim it, or sound cautious on memory pricing, and the bounce reads as a trap set by one good day in the sector. This article is for informational purposes only and does not constitute investment advice.
Aug 01 2026, 17:17
SPX Technologies jumps 10% as AI data center demand lifts guidance
SPX Technologies reported Q2 adjusted EPS of $2.02, beating the $1.85 consensus, and raised its 2026 outlook on AI data center demand. "Our updated outlook reflects continued strength in data center demand, the impact of the Neptronic acquisition, and stronger performance from our detection and measurement segment, positioning us well for the balance of the year," CEO Gene Lowe said. Revenue of $679 million rose 22.9% from a year earlier, topping the $640.1 million consensus. Adjusted EBITDA climbed 19.8% to $151.8 million. | Metric | Actual | Consensus | Beat | |--------|--------|-----------|------| | Revenue | $679.0M | $640.1M | +6.1% | | Adjusted EPS | $2.02 | $1.85 | +9.2% | HVAC segment revenue grew 27.6% to $480.6 million, while Detection & Measurement rose 12.9% to $198.4 million. GAAP income from continuing operations surged 51% to $79.3 million. Shares jumped 10.24% to close at $219.62 on July 31, after touching an intraday high of $236.89. The company now sees $1.1 billion in annual data center equipment sales at full production, up from a prior $750 million projection. Management lifted its full-year 2026 forecast, guiding adjusted EPS to $8.20–$8.60, above the $8.04 consensus, and revenue to $2.705 billion–$2.765 billion, versus the $2.614 billion Street view. Adjusted EBITDA guidance rose to $630 million–$660 million from $600 million–$625 million. The HVAC segment's margin contracted 260 basis points to 22.8%, pressured by start-up costs from capacity expansion and tariff headwinds. Detection & Measurement margin expanded 610 basis points to 28.9% on favorable product mix. SPX closed its CA$605 million (~$430 million) cash acquisition of Neptronic, which adds about $75 million in annual revenue and broadens intelligent HVAC controls across data centers, healthcare, and education. Initial assembly of the Olympus Max cooling line is underway at its Madison, Alabama facility. Analysts turned bullish. Truist lifted its price target to $295, Oppenheimer to $280, and Wolfe Research to $266. BofA launched coverage at $235 with a Buy rating. The stock trades at a price-to-earnings multiple near 36.6, a premium that reflects the AI data center growth story. The guidance raise shows management expects AI-driven cooling demand to accelerate through the year. Investors will watch the next earnings call for updated segment margins as the Madison facility ramps to full production. This article is for informational purposes only and does not constitute investment advice.
Aug 01 2026, 16:20
SoFi revenue jumps 40% to $1.2B as cross-buy hits 51% inflection
SoFi Technologies (NASDAQ: SOFI) reported Q2 adjusted net revenue of $1.2 billion, up 40 percent year over year and beating consensus by $90 million. "Q2 was our 19th consecutive quarter exceeding the rule of 40 with a score of 70," Anthony Noto, chief executive officer at SoFi Technologies, said. Adjusted EPS came in at $0.12, topping the $0.11 consensus estimate. Adjusted EBITDA rose 44 percent to $358 million at a 30 percent margin. The company added a record 1.1 million members, bringing total membership to 15.8 million, up 35 percent year over year. Total products grew 42 percent to 24.4 million, with 51 percent of new products opened by existing members, up from 35 percent a year ago. SoFi raised full-year revenue guidance to $4.75-$4.85 billion, implying 32-35 percent growth, while holding EBITDA guidance at approximately $1.6 billion. Shares fell 5.86 percent in premarket trading to $15.76 as investors weighed the decision to reinvest incremental revenue rather than expand profitability. | Metric | Actual | Consensus | Beat/Miss | |--------|--------|-----------|-----------| | Revenue | $1.2B | $1.11B | +8.1% | | EPS | $0.12 | $0.11 | +$0.01 | | Members added | 1.1M | — | Record | Lending revenue jumped 59 percent to $712 million on record originations of $14.8 billion, including $10.7 billion in personal loans, $2.7 billion in student loans, and $1.4 billion in home loans. Financial Services revenue rose 29 percent to $466 million, driven by record interchange fees up 67 percent year over year and brokerage fees that more than doubled. The Technology Platform segment generated $85 million, up 13 percent sequentially. The Loan Platform Business contributed $143 million in revenue, originating $3.1 billion in personal loans for third-party investors. SoFi expanded the platform to include small-business loans with a three-year, $3 billion agreement from BasePoint Capital, and Sixth Street committed up to $1 billion for personal loans. Home equity lines of credit will begin transferring to a leading global bank in the coming days. The relaunched SoFi Plus membership tier surpassed 200,000 paid subscribers in its first quarter, generating $24 million in annualized revenue. SoFi Coach, the AI-powered financial guidance tool launched in June, has logged nearly 500,000 conversations with over 90 percent positive feedback. Personal loan net charge-offs improved to 3.7 percent, down 70 basis points sequentially. Tangible book value per share climbed 56 percent to $7.34. The company's total capital ratio stood at 18.8 percent, well above the 10.5 percent regulatory minimum. CFO Chris Lapointe said the company is choosing to invest in growth rather than maximize near-term profit. "There are just too many large attractive growth areas for us to invest versus adding even more profitability," he said. The raised guidance shows management expects demand to remain strong across lending and financial services. Investors will watch whether SoFi Plus subscriber growth reaches the one million target Noto set for the next year, and how the company balances reinvestment against expanding margins toward its 20-30 percent return on tangible common equity target. This article is for informational purposes only and does not constitute investment advice.