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On Holding built its brand around product enhancements and refusing to discount its shoes and apparel. Now, a more promotional retail environment is testing that discipline.

Brands and retailers are working to appeal to shoppers whose wallets have been stretched by higher costs for gas, beef and more. Some are cutting prices while others roll out more deals in hopes that budget-conscious consumers will make a purchase. At On Holding, there are no plans to slash price tags even after its weakest retail sales since going public in 2021 forced the company to soften its sales outlook.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

SANTA CLARA, Calif. — Shares of Advanced Micro Devices Inc. rose 3.48% to $510.59 in Tuesday trading, adding $17.18, as semiconductor stocks broadly clawed back a portion of the losses posted Monday, when a weekend essay calling for a slower pace of artificial intelligence development triggered a steep selloff across the chip sector.

AMD’s gain builds on a modest recovery already underway Monday, when the stock closed up 1.34% at $500.00 following a volatile session earlier in the week. Tuesday’s rebound came alongside broader strength in chip-related names globally, echoing similar recoveries in Asian markets, where previously battered technology stocks also regained ground after Monday’s steep declines tied to the AI development debate sparked by Anthropic Chief Executive Officer Dario Amodei’s essay over the weekend.

AMD’s rebound comes against the backdrop of a notably bullish outlook the company laid out just days earlier at the Citi 2026 Global TMT Conference. Speaking at the event, AMD executives raised the company’s estimate for the total addressable market for artificial intelligence, now projecting the opportunity could reach $2 trillion by 2030. The company also said it expects its data-center sales to approach $70 billion in 2027, roughly double the business size it anticipates for 2026, with AI accelerators alone expected to generate sales in the low $40 billion range next year. AMD executives further projected that the broader server processor market could reach $220 billion by 2030, an area the company has identified as a second major growth driver alongside its AI accelerator business. The company said it has begun shipping its MI450 AI accelerator products, with production expected to build through the first quarter of 2027.

That bullish framing followed AMD’s second-quarter 2026 earnings report, released August 4, in which the company posted revenue of $11.54 billion, up 50% from a year earlier, alongside earnings of $1.66 per share, topping the $1.62 analysts had expected. Data-center revenue doubled year-over-year to $6.7 billion, now accounting for 58% of the company’s total sales, underscoring how central AI and server infrastructure demand has become to AMD’s overall business. The company guided third-quarter revenue to approximately $13 billion, implying roughly 41% year-over-year growth at the midpoint of that range, and said it expects server CPU revenue to climb more than 80% in the second half of 2026 and more than 70% in 2027, with its data-center segment projected to more than double in 2027 as its Helios and MI500 product lines ramp up production. Despite the strong headline numbers, AMD shares initially fell nearly 9% in after-hours trading following the report, as investors weighed rising operating expenses, up 40% year-over-year to $3.4 billion, against the company’s otherwise robust growth trajectory. Gaming revenue, by contrast, fell 31% year-over-year, reflecting continued softness in that segment even as AI and data-center demand has surged.

Wall Street’s overall assessment of AMD has remained strongly positive despite the stock’s recent volatility. According to 55 analysts polled by S&P Global, AMD carries a consensus rating of Strong Buy, with an average price target of $615.07, implying potential upside of roughly 25% from Monday’s closing price. Individual analyst targets range as high as $1,250 and as low as $365, reflecting a wide spread of views on how AMD’s AI-driven growth story will play out over the coming years. Piper Sandler initiated coverage of the stock with an Overweight rating on September 9, adding to the broadly bullish tilt among analysts covering the company.

AMD’s stock has delivered extraordinary returns over the past year, climbing roughly 225% according to data from TradingView, and reaching an all-time high of $584.73 on June 30, 2026, before pulling back amid the broader volatility that has affected AI-linked chip stocks in recent weeks. The stock’s beta of 1.79 reflects its tendency to move more sharply than the broader market in both directions, a pattern evident in both Monday’s steep decline and Tuesday’s rebound.

Tuesday’s recovery in AMD shares was part of a broader rebound across chip stocks, even as some peers continued to show signs of lingering weakness. Micron Technology, Broadcom, Intel and other major chipmakers had all posted sharp declines Monday alongside AMD, tied to the same broader concerns about the pace of AI infrastructure spending that triggered the sector-wide selloff. The extent to which Tuesday’s recovery proves durable is likely to depend heavily on how the broader debate over AI development timelines, sparked by Amodei’s essay and echoed by other prominent AI executives over the weekend, continues to evolve in the days ahead.

Investors are also weighing the upcoming Federal Reserve interest rate decision, expected Wednesday, as a separate factor likely to influence trading in high-growth, high-multiple technology stocks like AMD in the near term. Rising interest rates tend to pressure the valuations of companies whose worth is heavily tied to expectations of substantial future earnings growth, a dynamic that has added an additional layer of volatility to AMD and its chip sector peers even as the underlying demand story for AI infrastructure has, according to the company’s own recent guidance, continued to strengthen.

With AMD’s next earnings report not scheduled until November 3, investors are likely to rely on ongoing developments in the broader AI industry debate, along with any further analyst commentary following the company’s recent Citi conference presentation, to gauge whether Tuesday’s rebound marks a durable stabilization for the stock or merely a temporary bounce within a longer period of volatility tied to shifting sentiment around the pace of AI infrastructure spending.

SAN DIEGO — Onego Bio and Zen Waffles have formed a commercial partnership to use Onego Bio’s Bioalbumen ingredient in Zen Waffles high-protein waffles.

Zen Waffles, New York, manufactures high-protein waffles that are available in classic, chocolate chip, blueberry, coconut and white chocolate strawberry varieties.

The waffles are formulated with cottage cheese, eggs, egg whites, almond flour, monk fruit sweetener, casein protein, vanilla extract, potassium sorbate and baking powder.

The waffles contain 23 grams of protein across the classic, blueberry and coconut varieties, and the chocolate chip flavor contains 28 grams of protein.

Onego Bio’s Bioalbumen is a non-animal egg protein that is manufactured via precision fermentation with the filamentous fungus, Trichoderma reesei, the company said. 

Bioalbumen functions similarly to traditional egg protein while offering food manufacturers a non-animal alternative.

“At Zen Waffles, our goal is to make high-protein foods convenient and delicious,” said Eugene Komissarov, co-founder of Zen Waffles. “Bioalbumen offers a great source of high-quality protein, helping us make products consumers already love nutritious and satisfying.”

Onego Bio received a “no questions” letter from The US Food and Drug Administration for its egg replacer, which the agency said is generally recognized as safe (GRAS) in 2025.

“In a waffle, egg protein does a lot of work: it provides structure for a light, tender interior and supports browning for a golden, crisp exterior, all while delivering high-quality protein,” said Maija Itkonen, co-founder and chief executive officer of Onego Bio. “Bioalbumen brings that multifunctionality together, giving food manufacturers a new way to meet growing demand for protein.” 

Enjoying this content? Learn about more disruptive startups on the Food Entrepreneur page.

The Merchant Discount Rate for UPI payments in capital market transactions has been set at a nominal 0.02% of the transaction value, with a maximum cap of Rs 300, keeping the fee lower than standard commercial transaction rates to support retail participation in formal financial markets.

The MDR will apply to capital market-related payments, including payments towards mutual funds, securities, stockbrokers and dealers. UPI is one of the key payment channel for retail investors. It is widely used for IPO applications, mutual fund transactions and transfers linked to broking accounts.

NSE MD and CEO Ashishkumar Chauhan said the MDR on UPI could affect trading volumes routed through UPI in the short term, but the impact is likely to stabilise over time. “MDR on UPI might impact trading volumes via UPI in the short term, but is likely to stabilise in the long term,” Chauhan said.

For the market, it remains to be seen how brokers, mutual fund platforms and other intermediaries treat the cost. If the fee is absorbed by intermediaries, the impact on investors may remain limited. If it is passed on, investors could see a small additional cost on payments linked to market transactions.

At 0.02%, the fee works out to Rs 20 on a Rs 1 lakh transaction. The Rs 300 cap also limits the charge on larger transactions. That makes the capital market rate much lower than typical commercial transaction charges.

The near-term impact may be felt more in frequent trading-related payments than in long-term investment flows. Mutual fund investors making monthly SIPs or occasional lump-sum payments may not change behaviour much. Active traders who move funds more often may be more sensitive to any added cost.
Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given that any particular security, portfolio, transaction or investment strategy is suitable for any specific person. The author is not advising you personally concerning the nature, potential, value or suitability of any particular security or other matter. You alone are solely responsible for determining whether any investment, security or strategy, or any product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. The author is an employee of Seeking Alpha. Any views or opinions expressed herein may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.