• CoreWeave jumps on AI demand: CoreWeave (CRWV) gained 18% premarket after Q2 revenue doubled to $2.6B and its backlog reached $104B, suggesting robust AI compute demand despite rising costs. Source: CNBC.
• Super Micro smashes forecast estimates: Super Micro (SMCI) forecasted FY 2027 revenue of $65–72B, well above Wall Street estimates, as AI server demand accelerates. Shares rose 9% premarket as margins also beat expectations. Source: Reuters.
• Meta chooses open-source AI: Meta (META) launched Glimmer, an open-source AI model designed to run on personal computers, as CEO Mark Zuckerberg backs widely distributed AI over centralized control. Source: CNN.
• SpaceX, Tesla plan chip megafab: SpaceX (SPCX) and Tesla (TSLA) aim to build a $16.8B Texas semiconductor plant targeting 1 TW of annual compute capacity. Source: WSJ.
• Paramount weighs California departure: Paramount (PSKY) CEO David Ellison is considering moving the company out of California as states seek to block its $111B Warner Bros. Discovery (WBD) deal. Any such move would threaten California's film industry. Paramount rose 1.2%. Source: NY Times.
• NYC targets delivery firms: NYC Mayor Zohran Mamdani is backing a bill that would require Amazon (AMZN), FedEx (FDX) and other delivery operators to directly employ couriers rather than relying on contractors. Amazon, which fell 2%, threatened to relocate warehouses in response. Source: WSJ.
• GM secures $4.5B parts facility: GM (GM) arranged up to $4.5B in supplier financing to secure critical auto parts while preserving cash, aiming to reduce supply-chain risks. Shares rose 1.6%. Source: CNBC.
• Prediction markets face NYC scrutiny: NYC is investigating Coinbase (COIN), Polymarket, Kalshi, and Gemini Titan over alleged deceptive marketing and targeting of minors. Coinbase is down 34% YTD. Source: WSJ.
• Alpha Compute plans AI campus: Alpha Compute (ALP) plans to acquire Pennsylvania land and natural-gas rights for $55M to develop a 200-MW AI data center. Shares fell 1.4% premarket. Source: Reuters.
• BofA commits $250B to infrastructure: Bank of America (BAC) plans to deploy $250B to support U.S. data centers, semiconductors, energy, and critical infrastructure. Shares are up 16% YTD. Source: WSJ.
• Lilly targets illegal sellers: Eli Lilly (LLY) is suing 6 U.S. companies for allegedly selling unauthorized versions of its experimental obesity drug. Shares fell 1.4%. Source: Reuters.

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• Cognition eyes $40B valuation: Coding startup Cognition AI is in early talks to raise over $1B at a valuation of at least $40B as its annualized revenue approaches $1B, roughly doubling since its last financing. Source: Bloomberg.
• Lovable hits $13.3B valuation: AI coding startup Lovable raised $400M at a $13.3B valuation, more than doubling its December valuation as its revenue run rate approaches $600M. Source: WSJ.

• Inflation slows moderately: Consumer prices rose 3.4% annually in July, slightly down from June's 3.5% reading. Core CPI also declined to 2.5% annually, with all numbers matching forecasts. Source: CNBC.
• Oil touches $90 on Iran standoff: Brent crude briefly hit $90 a barrel as the U.S.-Iran stalemate kept Strait of Hormuz shipping near a standstill. Gas prices have moderated slightly but remain above $4 on average. Source: NY Times / AAA.
• Home sales fall: Existing home sales fell 1.7% in July to a 4.06M annual rate as higher mortgage costs weighed on buyers. The median price rose 2% YoY to $434,100, near a record. Source: WSJ.
• Credit card debt passes $1.25T: U.S. credit card balances rose $21B to $1.26T in Q2, nearing a record. The delinquency rate jumped to nearly 13%. Source: CNBC.

• Red Sea attacks rattle Middle East: Attacks led by Iran-backed Houthi rebels in Yemen killed 6 people aboard a cargo ship, while U.S. forces disabled another vessel near Iran. Source: CNBC.
• Left-winger flops in Wisconsin: Despite being favored in the polls, Democratic Socialist Francesca Hong narrowly lost her bid to become the Dems' nominee for WI governor. In SC, GOP Sen. Darline Graham, sister of the late Lindsey Graham, advanced to a runoff, while a progressive won MN's Dem primary for Senate. Trump loyalist Mike Lindell lost the GOP primary for MN governor. Sources: WSJ / Reuters / AP / NPR.
• Trump loyalist wins confirmation: The Senate confirmed Todd Blanche to lead the Justice Department in a 50-49 vote, with 2 Republicans joining Democrats in opposition. Source: Politico.
• China reformist Zhu Rongji dies: Former Chinese Premier Zhu Rongji, who overhauled state firms, reformed banks, and helped secure China’s WTO entry, has died at 98. His policies helped reshape China into a global economic power. Source: Bloomberg.
• Former Toyota CEO dies: Hiroshi Okuda, who led Toyota's (TM) global expansion while serving as president and chairman from 1995 to 2006, has died at 93. Source: AP.

• 7:00 AM: MBA 30-Year Mortgage Rate
• 8:30 AM: Core Inflation Rate MoM & YoY
• 8:30 AM: Inflation Rate MoM & YoY
• 8:30 AM: CPI & CPI seasonally adj.
• 10:30 AM: EIA Crude Oil & Gasoline Stocks Change
• 2:00 PM: Monthly Budget Statement
• Thursday: PPI MoM
• Friday: Retail Sales MoM, Michigan Consumer Sentiment Prelim.

Lumentum Holdings (LITE) has released its quarterly earnings.

• Revenue of $1.01B (+109.28% YoY) beats by $18.13M.
• EPS of $3.23 (+267.05% YoY) beats by $0.33.
• Financials · As Reported · Metrics · Press Release

Cardinal Health (CAH) has released its quarterly earnings.

• Revenue of $63.67B (+5.84% YoY) misses by $1.53B.
• EPS of $2.91 (+39.90% YoY) beats by $0.49.
• Financials · As Reported · Metrics · Press Release

CoreWeave (CRWV) has released its quarterly earnings.

• Revenue of $2.58B (+112.46% YoY) beats by $22.76M.
• EPS of -$1.03 beats by $0.46.
• Financials · As Reported · Metrics · Press Release

Franco-Nevada (FNV) has released its quarterly earnings.

• Revenue of $580.90M (+57.26% YoY) misses by $25.84M.
• EPS of $1.81 (+45.97% YoY) misses by $0.16.
• Financials · As Reported · Metrics · Press Release

Venture Global (VG) has released its quarterly earnings.

• Revenue of $4.58B (+47.63% YoY) misses by $69.14M.
• EPS of $0.51 (+264.29% YoY) beats by $0.01.
• Financials · As Reported · Metrics · Press Release

Super Micro Computer (SMCI) has released its quarterly earnings.

• Revenue of $11.12B (+93.16% YoY) misses by $330.39M.
• EPS of $1.70 (+314.63% YoY) beats by $0.82.
• Financials · As Reported · Metrics · Press Release

Nebius Group (NBIS) has released its quarterly earnings.

• Revenue of $582.30M (+454.04% YoY) beats by $5.56M.
• EPS of -$0.68 beats by $0.14.
• Financials · As Reported · Metrics · Press Release

Amcor (AMCR) has released its quarterly earnings.

• Revenue of $6.40B (+25.90% YoY) beats by $325.44M.
• EPS of $1.23 (+23.00% YoY) beats by $0.04.
• Financials · As Reported · Metrics · Press Release

Suzano (SUZ) will report today after close.

• Analysts estimate revenue of $2.32B (-1.14% YoY).
• EPS is estimated to be $0.06 (-91.55% YoY).
• Financials · As Reported · Metrics

Stantec (STN) will report today after close.

• Analysts estimate revenue of $1.30B (+12.75% YoY).
• EPS is estimated to be $1.15 (+17.35% YoY).
• Financials · As Reported · Metrics

Coherent (COHR) will report today after close.

• Analysts estimate revenue of $1.98B (+29.68% YoY).
• EPS is estimated to be $1.58 (+58.00% YoY).
• Financials · As Reported · Metrics

Ultrapar Participações (UGP) will report today after close.

• Analysts estimate revenue of $8.72B (+45.07% YoY).
• EPS is estimated to be $0.27 (+58.82% YoY).
• Financials · As Reported · Metrics

Grupo Aval Acciones y Valores (AVAL) will report today after close.

• Analysts estimate revenue of $1.19B (+147.38% YoY).
• EPS is estimated to be $0.12 (+200.00% YoY).
• Financials · As Reported · Metrics

Legence (LGN) will report tomorrow before market open.

• Analysts estimate revenue of $1.07B (n/a YoY).
• EPS is estimated to be $0.32 (n/a YoY).
• Financials · As Reported · Metrics

Birkenstock Holding (BIRK) will report tomorrow before market open.

• Analysts estimate revenue of $822.83M (+14.28% YoY).
• EPS is estimated to be $0.87 (+24.29% YoY).
• Financials · As Reported · Metrics

Nu Holdings (NU) will report tomorrow after market close.

• Analysts estimate revenue of $5.47B (+49.23% YoY).
• EPS is estimated to be $0.19 (+46.15% YoY).
• Financials · As Reported · Metrics

• Confirmed today: Londian Wason New Energy Tech Inc. (FOIL), a Chinese copper foils producer with $1.56B in TTM revenue and 24.88% revenue growth YoY.
• Confirmed today: Vogenx, Inc. (VOGX), a pharmaceutical firm focused on metabolic disorders.
• Estimated Wednesday, Aug. 12: Silexion Therapeutics Corp (SLXN), a cancer-focused pharmaceutical firm.