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JPMorgan Chase & Co. (JPM) Stock Experiences Volatility Amid Strong Outlook and CEO Warnings

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Applied Optoelectronics

JPMorgan Chase & Co., the largest U.S. bank by assets, saw its shares fluctuate in late February 2026 trading as investors digested recent company guidance, CEO Jamie Dimon’s economic cautions and broader market pressures.

JPMorgan Chase set aside $902 million in reserves in case of bad loans, citing risk from high inflation and the Ukraine war
JPMorgan Chase

As of Feb. 27, 2026, JPMorgan Chase stock (NYSE: JPM) traded around $297 to $301 in intraday sessions, down from a previous close near $306 and well off its 52-week high of $337.25 reached in early January. The shares have shown resilience over the past year, gaining approximately 19% in some measures, but recent sessions reflected a pullback amid concerns over interest rates, AI impacts and macroeconomic risks.

The bank’s market capitalization hovers above $800 billion, outpacing rivals Bank of America and Citigroup combined in valuation at times during the period.

In a Feb. 23 investor update, JPMorgan Chase provided an optimistic glimpse into 2026, nudging up its firmwide net interest income (NII) forecast to approximately $104.5 billion, including markets revenue. Core NII, excluding markets, is expected to reach about $95 billion, up from $92.6 billion in 2025. The guidance assumes two Federal Reserve rate cuts, a decline in interest on reserve balances and some deposit margin compression, offset by modest growth in consumer and wholesale deposits.

Investment banking fees and markets revenue are projected to see mid-teens percentage growth in the first quarter of 2026 compared to the prior year, potentially reaching high teens for IB fees. This outlook eased some investor worries about deal pipelines amid recent equity market volatility.

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The bank maintained its full-year 2026 expense guidance at $105 billion while planning a 10% increase in technology spending to $19.8 billion. Executives highlighted investments in AI and new capabilities as drivers, despite cost pressures from inflation, hardware shortages related to AI chips and cloud infrastructure demands.

CEO Jamie Dimon struck a balanced tone in recent comments. He dismissed fears that AI would significantly harm the company, asserting JPMorgan Chase would emerge as a “winner” in the technology shift. However, he warned of potential job disruptions from automation and AI, urging preparation. Dimon also expressed heightened anxiety about the economy, drawing parallels to pre-2008 conditions in some market analyses, and reiterated plans to remain CEO for “a few years.”

The bank beat expectations in its most recent earnings. For the fourth quarter of 2025, reported in January 2026, JPMorgan posted revenue of $46.77 billion and EPS of $5.23, surpassing forecasts of $46.25 billion and $4.86, respectively. Trading desks benefited from volatile markets, contributing to strong performance across segments. Full-year profits for major U.S. banks reached record levels around $300 billion in some reports, underscoring sector strength.

J.P. Morgan Payments, a key growth engine, achieved record $5.1 billion in Q4 2025 revenue, up 9% year-over-year, driven by deposit growth and innovations like JPM Coin.

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Analysts remain largely bullish. Multiple firms, including Wells Fargo, RBC Capital, Piper Sandler and Barclays, maintained buy ratings in late February. Price targets include adjustments such as Truist’s reduction to $330 from $334. Consensus estimates project moderate earnings growth of about 5.5% for 2026 and 7.6% for 2027.

Challenges persist. Reports highlighted ongoing scrutiny over past client relationships, including admissions related to accounts closed in 2021 amid a debanking lawsuit. Dimon addressed AI’s broader workforce implications, noting the need for policy responses.

Broader context includes JPMorgan’s role in market forecasts, such as raising long-term gold price targets to $4,500 per ounce while maintaining a 2026 year-end view at $3,300 in some updates. The bank also plans to exclude the UAE from certain emerging-market bond indexes by mid-2026 due to wealth threshold changes.

JPMorgan Chase declared preferred stock dividends recently and filed an $80 billion mixed securities shelf in February, supporting capital flexibility.

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Investors watch for the next earnings report, expected around April 14, 2026, for the first quarter. Analysts forecast EPS around $5.37 and revenue near $48.62 billion.

Despite short-term dips, JPMorgan’s diversified operations — spanning consumer banking, commercial banking, asset management and investment banking — position it well in a dynamic environment. The bank’s scale, technology investments and consistent outperformance in recent quarters underpin analyst confidence in sustained returns.

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Howmet Aerospace VP Shultz sells $260k in stock

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Howmet Aerospace VP Shultz sells $260k in stock

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Gen 10 Games Revealed for Nintendo Switch 2 in 2027

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Korean band BTS appears at the daily press briefing in the Brady Press Briefing of the White House in Washington, DC, May 31, 2022

The Pokémon Company unveiled the first official trailer for *Pokémon Winds* and *Pokémon Waves* during a special Pokémon Presents livestream on February 27, 2026, marking the highly anticipated reveal of the franchise’s 10th generation mainline games. Exclusively developed by Game Freak for the Nintendo Switch 2, the titles are slated for a global simultaneous release in 2027.

The announcement, timed to celebrate Pokémon’s 30th anniversary on Pokémon Day, capped a packed presentation filled with franchise updates. The new trailer, titled “First Look: Pokémon Winds and Pokémon Waves | Announcement Trailer,” provides an extended glimpse into the upcoming open-world adventure, emphasizing stunning visuals and innovative exploration mechanics.

Pokémon Winds and Waves Trailer
Pokémon Winds and Waves Trailer

The trailer opens with a nostalgic flip through an illustrated book recapping past regions, before transitioning to a sunny oceanfront scene. Two special Pikachu variants—Mr. Windychu and Ms. Wavychu, dressed in vacation attire—serve as apparent guides, playfully interacting with the environment and teasing their involvement in the story. The footage showcases a lush, unnamed archipelago region featuring windswept islands, dense tropical jungles, mangrove swamps, volcanic areas, rugged cliffs with towering windmills, palm-lined beaches, and expansive glittering oceans.

A major highlight is the clear tease of underwater exploration, with segments showing diving mechanics and submerged coral reefs teeming with Pokémon. This returns a beloved feature from earlier generations like *Ruby* and *Sapphire*, absent from recent mainline titles. Fans have praised the apparent graphical leap, with real-time water reflections, dynamic foliage, improved lighting, and smoother animations signaling a significant upgrade over *Scarlet* and *Violet*’s performance issues.

The games promise an emphasis on harmony with nature, where trainers “team up with all kinds of Pokémon to overcome both the difficult road ahead and even the forces of nature.” The trailer highlights diverse biomes and ecosystems, suggesting deeper integration of environmental elements into gameplay, including wind and wave-themed challenges.

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Central to the reveal are the three new starter Pokémon, each with classic typing and abilities:

– **Browt**, the Grass-type Bean Chick Pokémon: Described as lively but clumsy, this bird-like starter stands at 1 foot tall and weighs 7.7 pounds, with Overgrow as its hidden ability.
– **Pombon**, the Fire-type Puppy Pokémon: A guileless and friendly fire lion cub at 1 foot 4 inches and 14.8 pounds, featuring Blaze.
– **Gecqua**, the Water-type Water Gecko Pokémon: An intelligent lizard at 1 foot tall and 9.5 pounds, with Torrent.

The trailer concludes with dramatic shots of crashing waves and howling winds, building anticipation for legendary Pokémon and story elements likely tied to these natural forces.

Social media erupted following the debut, with the official Pokémon accounts’ posts garnering massive engagement. Commenters noted the extended development time—marking the longest gap between generations at five years—allowing for better optimization on the Switch 2’s hardware. Many expressed excitement over the visual improvements and underwater return, with some calling it a “very good sign” for the series’ future.

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The exclusivity to Nintendo Switch 2, which launched in 2025, aligns with Nintendo’s push for next-gen experiences. No backward compatibility with the original Switch was indicated, positioning these as flagship launch-window titles for the console’s lifecycle.

The Pokémon Presents also included other announcements: *Pokémon Champions* slated for April 2026 with Pokémon HOME features, the cozy multiplayer game *Pokémon Pokopia* on March 5, rereleases of classic titles like *FireRed*, *LeafGreen*, and *XD: Gale of Darkness*, plus events including the 2026 World Championships in San Francisco. Brazilian Portuguese support debuts with *Winds* and *Waves*, expanding accessibility.

With lifetime sales exceeding 480 million units and recent entries like *Scarlet* and *Violet* surpassing 25 million, the franchise remains a juggernaut. The 2027 launch follows a year of 30th anniversary celebrations across games, trading card games, anime, and merchandise.

Fans now await further details on the region’s name, legendaries, gym leaders, new mechanics, and evolutions. Official sources direct enthusiasts to Pokemon.com and the dedicated Winds and Waves site for updates.

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As the trailer circulates widely on YouTube and social platforms, the reveal solidifies excitement for Pokémon’s next chapter, promising a refreshed, nature-focused adventure on enhanced hardware.

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Horror Franchise Revives Legacy Cast

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Actress Courteney Cox attends the inaugural Critics' Choice Television Awards in Beverly Hills, California June 20, 2011.

Courteney Cox is back in her signature role as the sharp-tongued reporter Gale Weathers in *Scream 7*, the latest installment of the long-running horror franchise that hit theaters nationwide on February 27, 2026. Directed by Kevin Williamson — the writer of the original 1996 film and several sequels — the movie reunites legacy stars including Neve Campbell as Sidney Prescott, marking a return to the series’ roots amid mixed early reviews.

Actress Courteney Cox attends the inaugural Critics' Choice Television Awards in Beverly Hills, California June 20, 2011.
Actress Courteney Cox

The film, distributed by Paramount Pictures, opened in IMAX and standard formats following a star-studded premiere at the Paramount lot on February 25. Cox, who has appeared in every *Scream* entry since the beginning, reprises Gale as a resilient survivor now mentoring younger characters and covering yet another Ghostface killing spree. In promotional interviews, Cox channeled her character’s bold personality, famously stealing an Entertainment Tonight microphone during a red carpet chat while staying in character.

The plot centers on Sidney Prescott (Campbell), who has built a quiet new life only to face renewed terror when a new Ghostface targets her daughter (played by Isabel May). Gale arrives to report on the murders, teaming up with familiar faces including Chad and Mindy Meeks-Martin (Mason Gooding and Jasmin Savoy Brown), now positioned as her “hot interns.” The story incorporates meta elements, nods to past films, and a mother-daughter dynamic that reviewers have called a tearjerker.

Williamson, making his directorial return to the franchise after decades, helmed the project following a turbulent development period. Filming took place from January to March 2025 after Neve Campbell resolved a pay dispute that kept her out of *Scream VI*. Campbell reportedly secured a significant salary increase — said to be $5 million more than Cox’s — and the script underwent a $500,000 rewrite to accommodate the changes. Cox confirmed her involvement in late 2024, expressing excitement about Williamson’s direction and the emotional core of the story.

The cast expands with newcomers and returning surprises: Matthew Lillard reprises Stu Macher in a surreal cameo, while additions include Anna Camp, Mckenna Grace, Celeste O’Connor, Asa Germann, Sam Rechner, Mark Consuelos, Tim Simons, Joel McHale, and others. Roger L. Jackson returns as the voice of Ghostface.

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Early reviews are polarized. Some praise the nostalgic reunion and bloody set pieces, with one calling it a “bloody good throwback” and highlighting Cox’s “ferocious” performance as Gale. Others criticize it as uninspired or the franchise’s “worst in 30 years,” citing a lack of fresh ideas despite the star power. The Hollywood Reporter described it as “dead creatively,” while Deadline noted strong elements in the mother-daughter focus. Social media buzzed with fan excitement over the legacy cast, with many calling Gale the “glue” of the series.

At the premiere, Cox reflected on her longevity, noting she’s the only actor (besides the voice of Ghostface) to appear in all seven films. She joked about past wardrobe choices like the infamous *Scream 3* bangs, calling them a “big mistake” but one that endures in fan memory. Campbell and Cox emphasized their long friendship, with Cox saying it felt natural slipping back into Gale opposite Sidney.

The release comes as the *Scream* franchise approaches its 30th anniversary, having grossed hundreds of millions worldwide since Wes Craven’s original meta-slasher redefined horror in 1996. After Craven’s death in 2015, directors Matt Bettinelli-Olpin and Tyler Gillett rebooted the series with *Scream* (2022) and *Scream VI* (2023), introducing new leads like Jenna Ortega and Melissa Barrera. Those films succeeded commercially but faced controversy, including Barrera’s firing over social media comments.

*Scream 7* shifts focus back to originals, with Williamson reclaiming creative control. It avoids some prior pitfalls by emphasizing character returns and familiar dynamics, though some critics argue it borrows too heavily from past entries without innovation. Box office projections remain strong given the built-in fanbase and holiday-adjacent timing.

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Fans have flocked to theaters, with tickets available via Fandango, AMC, Cinemark, and others. The official site and trailers highlight the terror in Sidney’s new town, complete with dramatic lines like “I’m gonna burn it all down.”

As audiences dissect the killers’ identity and Easter eggs, *Scream 7* delivers the expected thrills — stabbings, chases, and witty banter — while testing whether the franchise can sustain itself without constant reinvention. Cox’s Gale remains a highlight, fierce and unapologetic, proving why she’s endured through every Ghostface rampage.

For showtimes and more, visit screammovie.com or local listings. The film is rated R for strong bloody violence, language, and some gore.

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How Football Became Britain’s Most Bet-On Sport

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How Football Became Britain's Most Bet-On Sport

Betting and Britain go together like muddy pitches and Tuesday night fixtures. For centuries, the British public has had a love affair with a wager, whether that’s a coin toss on a street corner or a carefully considered accumulator placed from a smartphone. Football, though, has taken that tradition and transformed it into something altogether bigger.

From Victorian racecourses to the Premier League era, the story of British betting is rich, colourful, and still unfolding. Keep on reading to find out how the nation’s passion for football and gambling became one and the same thing.

A Nation Born to Bet

Horse Racing Laid the Groundwork

Long before anyone was predicting first goalscorers or half-time results, horse racing was the beating heart of British gambling culture. Known for centuries as the “Sport of Kings,” racing gave birth to the professional bookmaker as we know it today.

By the early 19th century, bookmakers were a permanent fixture on racecourses across Britain. They chalked odds on boards, took bets in cash, and built a whole ecosystem around the sport. Figures like William Hill and Fred Done would eventually take that tradition and turn it into household names.

The Betting Shop Era

It wasn’t until 1961, when the Betting and Gaming Act was passed, that off-course betting shops became legal in Britain. Before that, placing a bet outside of a racecourse was technically illegal, though widespread informal betting was rife.

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The legalisation changed everything. Betting shops appeared on high streets almost overnight, giving ordinary working people a place to study the form, place a bet, and watch the results come in. Horse racing remained the dominant sport, but football was quietly growing in popularity with punters.

Football Takes Centre Stage

From the Pools to the Premier League

British punters had been engaging with football through the football pools since the 1920s. Companies like Littlewoods and Vernons offered weekly competitions where participants predicted drawn matches, and for many households, it was the only form of legal gambling available to them.

When the Premier League launched/rebranded in 1992, everything accelerated. Sky’s television deal brought football into living rooms in a way it never had been before, and bookmakers quickly recognised that football’s mass appeal translated directly into betting interest. Odds on match results, top scorers, and league winners became as common as racing fixtures in every betting shop window.

The Numbers Tell the Story

Football now dominates the British betting market by a considerable margin. According to the Gambling Commission, football accounts for the largest share of all sports betting activity in Great Britain, with billions of pounds staked on the sport each year. And it’s easier than ever to get into it. Today, beginner punters can find trusted free bets on Sporting Life from regulated, established bookmakers with just a click.

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The variety of available markets has played a massive role in football’s rise. Today’s punter can bet on:

  • Match result and both teams to score
  • First goalscorer and anytime goalscorer
  • Correct score and half-time/full-time
  • Corners, cards, and player-specific statistics
  • Accumulators spanning multiple leagues and continents

How Technology Transformed the Game

From the High Street to the Smartphone

Walking into a betting shop, filling out a slip, and queuing at the counter was once the only way to place a football bet. The internet changed that dramatically in the late 1990s and early 2000s, with online bookmakers allowing punters to bet from home for the first time.

The smartphone revolution took it further still. Betting apps made it possible to place a wager at kick-off, cash out at half-time, and follow live odds that shift with every pass and tackle. In-play betting, in particular, has become one of the fastest-growing sectors of the entire gambling market.

Live Odds and the Modern Bettor

It’s hard to overstate how different the experience is today compared to twenty years ago. A punter in 1995 would place their bet before a match and wait for the result. A punter in 2026 can watch the game unfold, analyse momentum shifts, and adjust their positions in real time.

Promotions, free bet offers, and sign-up bonuses have also made it easier than ever for new bettors to explore football wagering with reduced risk. Trusted comparison platforms now do much of the legwork, gathering the best offers from licensed bookmakers in one place.

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The Cultural Bond Between Football and Betting

Football betting has become deeply embedded in British sporting culture. The Saturday accumulator, colloquially known as the “acca,” is practically a national institution. Millions of people pick four, five, or six results each weekend, chasing the thrill of a long-odds return on a small stake.

Major tournaments, the Premier League title race, and relegation battles all generate enormous betting interest. Even mundane midweek fixtures attract significant wagering activity, a testament to how thoroughly football and betting have merged in the British consciousness.

Responsibility in a Digital Age

With greater access comes greater responsibility. The Gambling Commission and the industry’s own safer gambling initiatives have introduced a range of tools, including deposit limits, self-exclusion schemes, and reality checks, to help bettors manage their activity.

Reputable platforms and bookmakers are required to promote these tools prominently, and awareness around problem gambling has grown considerably in recent years. Betting on football can be an enjoyable part of following the game, provided it’s approached thoughtfully.

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Final Whistle: A Gamble That Paid Off

Football’s rise to become Britain’s most-bet-on sport didn’t happen by accident. It was the product of the game’s extraordinary cultural reach, the evolution of the bookmaking industry, and, ultimately, the technology that made betting accessible to everyone with a mobile phone and an opinion about Sunday’s fixtures.

What began on Victorian racecourses, migrated through high-street betting shops, and has now settled comfortably in the digital age. The beautiful game and the beautiful gamble have, it turns out, always been heading in the same direction.

Please gamble responsibly.

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MERLIN Properties SOCIMI, S.A. (MRPRF) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

MERLIN Properties SOCIMI, S.A. (MRPRF) Q4 2025 Earnings Call February 27, 2026 9:00 AM EST

Company Participants

Teresa Urquijo
Ismael Orrego – Executive Vice-Chairman & CEO
Inés Arellano – Director
Francisco Gonzalez – Director

Conference Call Participants

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Marios Pastou – Bernstein Institutional Services LLC, Research Division
Florent Laroche-Joubert – ODDO BHF Corporate & Markets, Research Division
Celine Huynh – Barclays Bank PLC, Research Division
Fernando Abril-Martorell – Alantra Equities Sociedad de Valores, S.A., Research Division
Stephanie Dossmann – Jefferies LLC, Research Division

Presentation

Teresa Urquijo

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Good afternoon, ladies and gentlemen. Thank you for joining MERLIN’s Full Year ’25 results presentation. You can find all the materials that will be presented in today’s call on our website. I will please ask you to abide by the disclaimer contained in it. Our CEO, Ismael Clemente, along with our two directors Ines Arellano and Francisco Rivas will walk you through the main highlights of 2025. We’ll then open the line for Q&A [Operator Instructions]. With no further delay, I pass on the floor to Ismael.

Ismael Orrego
Executive Vice-Chairman & CEO

Thank you, Teresa. Good afternoon, everyone. We are in front of a very interesting set of results, certainly, the best I have seen since we have been leading this company. It’s been almost perfect year because the fantastic performance of the data center division has been accompanied by very, very solid performance also on the traditional asset classes. And all that has been reinforced by an excellent behavior of the share.

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So frankly speaking, what can I say? I mean the operating momentum is super strong. We are enjoying satisfactory rental growth in all asset classes, traditional and nontraditional, because in data centers, we are also achieving better rents than underwritten. We have a high occupancy, 95.6%, and continue solidly generating FFO with a plus 5.1% print in the year. In offices, we have a very remarkable like-for-like of

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Gen 10 Exclusive for Nintendo Switch 2 in 2027

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Korean band BTS appears at the daily press briefing in the Brady Press Briefing of the White House in Washington, DC, May 31, 2022

The Pokémon Company lit up Pokémon Day on Feb. 27, 2026, with the surprise reveal of Pokémon Winds and Pokémon Waves, the 10th generation of its iconic mainline RPG series. Unveiled during a livestreamed Pokémon Presents celebrating the franchise’s 30th anniversary, the dual titles promise an expansive open-world adventure exclusive to the Nintendo Switch 2, launching globally in 2027. As fans dissect the announcement trailer — which has racked up millions of views — here are 10 essential things every trainer must know about the games that could redefine Pokémon exploration.

Pokémon Winds and Waves
Pokémon Winds and Waves

1. A Long-Awaited Generation 10 Launch The reveal confirms Winds and Waves as the first mainline Pokémon games of Generation 10, developed by longtime studio Game Freak. Coming nearly five years after Scarlet and Violet, the titles mark the longest gap between core entries, allowing extra polish on the Switch 2’s upgraded hardware. Expect refined open-world gameplay building on Paldea’s successes while addressing past performance gripes.

2. Nintendo Switch 2 Exclusive in 2027 No original Switch support — these are pure next-gen experiences. The global simultaneous release in 2027 positions them as key drivers for Switch 2 adoption, following the console’s 2025 debut. Nintendo’s hybrid powerhouse, with enhanced processing and visuals, will showcase dynamic weather, water effects, and dense biomes without compromise.

3. Adorable New Starters Steal the Show Choose your first partner from three classics:

  • Browt, the Grass-type Bean Chick Pokémon — lively yet clumsy, 1 foot tall, 7.7 pounds, with Overgrow ability.
  • Pombon, the Fire-type Puppy Pokémon — guileless and friendly fire pup, 1 foot 4 inches, 14.8 pounds, Blaze ability. Early fan favorite for its fluffy, energetic design.
  • Gecqua, the Water-type Water Gecko Pokémon — intelligent lizard, 1 foot tall, 9.5 pounds, Torrent ability.Pombon’s popularity exploded on social media, with fans dubbing it “best boy.”

Pokemon Winds and Waves reveals starters Browt, Pombon, and Gecqua

4. Tropical Archipelago Inspired by Indonesia The unnamed region spans windswept islands and a glittering ocean, drawing from Indonesia and Southeast Asia’s diverse ecosystems — think palm beaches, dense jungles, mangrove swamps, volcanic caves, and coral reefs. Leaks predicting this setting proved spot-on, thrilling fans with its real-world authenticity.

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5. Open-World Harmony with Nature Trainers “team up with all kinds of Pokémon to overcome both the difficult road ahead and even the forces of nature.” Lush environments foster unique Pokémon ecosystems, hinting at environmental puzzles, dynamic weather (howling winds, crashing waves), and co-op wild encounters. The trailer teases seamless traversal across land and sea.

6. Underwater Exploration Returns Submerged reefs and diving mechanics evoke Ruby and Sapphire, long absent from mainlines. Glimpses of underwater worlds promise a fresh layer to the ocean-focused region, with real-time reflections elevating visuals.

7. Vacation Pikachu Guides the Adventure Mr. Windychu and Ms. Wavychu — beach-ready Pikachu in tourist gear — appear as enigmatic allies. Their tagline: “Just how could these Pikachu be involved?” sparks theories of tutorial roles or plot ties.

8. Protagonists with Version-Exclusive Outfits Main characters sport distinct looks per version (Winds vs. Waves), emphasizing player choice in this dual-release tradition. The trailer flips through a nostalgic region book before diving into the action.

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9. Brazilian Portuguese Support Debuts A franchise first: Brazilian Portuguese as a selectable language, broadening access for South America’s massive fanbase. “Now, even more fans around the world will be able to play this new adventure in their native language,” the company stated.

10. Part of Epic 30th Anniversary Lineup The Presents packed more: Pokémon FireRed and LeafGreen rereleases, cozy multiplayer Pokémon Pokopia, Pokémon Champions in 2026 with HOME integration, and 2026 World Championships in San Francisco. All fuel the “What’s Your Favorite?” campaign across games, TCG, and merch.

Social media erupted post-reveal, with the official starter post amassing over 56,000 likes and fans rallying “Team Pombon” or praising Browt’s “Rowlet vibes.” Leaks from 2024-2025 — including the subtitle and archipelago — validated insiders, building hype. Analysts predict blockbuster sales, topping Scarlet/Violet‘s 25 million, as Pokémon nears 500 million units lifetime.

More details loom on Pokemon.com, but Winds and Waves signal a breezy, wave-riding evolution. Trainers, pick your starter and brace for 2027.

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Software’s Slump May Be Over. Microsoft, ServiceNow Stock Charts Scream ‘Buy.’

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Software’s Slump May Be Over. Microsoft,  ServiceNow Stock Charts Scream ‘Buy.’

Software’s Slump May Be Over. Microsoft, ServiceNow Stock Charts Scream ‘Buy.’

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Nokia Oyj Shares Hold Steady Amid AI Push and Telecom Partnerships

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Young investors are sometimes seen skeptically following their role in the GameStop stock craze, but say they are clued in to the market's risks

Nokia Oyj (NYSE: NOK), the Finnish telecommunications equipment giant, continues to navigate a transforming industry landscape as it capitalizes on artificial intelligence and advanced network technologies. The company’s American depositary receipts closed at $7.50 on Feb. 26, down 0.92% from the previous session, reflecting modest daily fluctuations in a stock that has seen significant gains over the past year.

Headquarters in Espoo since September 2019
Headquarters in Espoo since September 2019

Nokia’s share price has more than doubled from mid-2024 lows around $4.00, reaching a 52-week high of $8.19 late last year. The rally stems from renewed investor optimism about the company’s shift toward AI-driven solutions in 5G and beyond, even as broader telecom sector challenges persist. On the Helsinki Stock Exchange, where Nokia trades under NOKIA.HE, the stock recently hovered around €6.23 to €6.34, showing similar stability with minor daily movements.

The company’s latest quarterly results, released Jan. 29, underscored progress in its strategic pivot. For the fourth quarter of 2025, Nokia reported comparable net sales of €6.1 billion, with a comparable gross margin of 48.1% and an operating margin of 17.3%. Comparable diluted earnings per share stood at €0.16. Full-year operating profit reached €2.0 billion, slightly above the midpoint of guidance, despite some reported figures showing declines due to one-time items.

CEO Justin Hotard emphasized the firm’s adaptability in a statement accompanying the earnings. He highlighted Europe’s and the United States’ mutual dependence in technology, noting that large companies cannot rely on a single market amid geopolitical shifts.

A key development boosting sentiment has been Nokia’s deepening integration of AI into its offerings. In recent weeks, the company announced a collaboration with Amazon Web Services to develop an agentic AI-powered 5G-Advanced network slicing solution. This partnership aims to enable telecom providers to deliver more dynamic, efficient network services using AI agents that autonomously optimize performance.

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Nokia also secured a deal with Telefónica to implement advanced network technologies, further solidifying its position in Europe. Such moves align with industry trends toward AI-native telecom infrastructure, positioning Nokia as a competitor to rivals like Ericsson in the race for next-generation deployments.

In leadership news, longtime Chair Sari Baldauf announced plans to step down, with the company proposing Timo Ihamuotila as successor. The transition follows Nokia’s earnings beat, where AI initiatives contributed to meeting expectations.

Analysts have mixed but generally constructive views. Morgan Stanley recently initiated coverage on the ADR with an overweight rating and an $8.00 price target, citing potential from AI and cloud growth. Other commentary suggests the stock may be fairly valued or slightly overvalued after its surge, prompting some investors to reassess positions.

Nokia’s market capitalization stands around $42 billion, with trading volume averaging tens of millions of shares daily on the NYSE. The company employs about 78,000 people globally and focuses on network infrastructure, cloud and network services, and Nokia Technologies licensing.

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The telecom sector faces headwinds from slower 5G rollout in some regions and competition from lower-cost providers, but Nokia’s emphasis on software and services has helped diversify revenue. Comparable sales growth in recent periods reflects resilience, though profitability metrics vary between reported and adjusted figures due to restructuring and other costs.

Looking ahead, Nokia’s next earnings report is scheduled for April 23, covering the first quarter of 2026. Analysts anticipate EPS around €0.04 on revenue estimates in line with prior trends. The company has maintained a focus on free cash flow generation and a strong balance sheet, ending the prior period with €3.4 billion in net cash and interest-bearing financial investments.

Investors continue monitoring how Nokia executes on its AI and 5G-Advanced roadmap amid macroeconomic uncertainties and evolving demand for private networks and edge computing. Partnerships like those with AWS signal potential for new revenue streams as operators seek intelligent, automated infrastructure.

Despite daily dips, Nokia’s longer-term trajectory reflects a company reinventing itself beyond its mobile phone legacy. From pulp mill origins in 1865 to a key player in global connectivity, Nokia’s evolution underscores adaptation in a fast-changing tech world.

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As 5G matures into 5G-Advanced and AI integration accelerates, Nokia’s stock performance may hinge on execution in these high-growth areas. For now, shares trade near the upper end of their recent range, offering a mix of value and growth appeal in the communication equipment space.

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Alphabet Inc. Shares Dip on Heavy AI Spending Outlook Despite Strong Earnings Momentum

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Applied Optoelectronics

Alphabet Inc. (NASDAQ: GOOGL), the parent company of Google, saw its Class A shares close at $307.38 on Feb. 26, down 1.76% or $5.52 from the previous session’s $312.90. The decline followed broader market pressures and investor concerns over the company’s aggressive capital expenditure plans for artificial intelligence infrastructure.

Google has dropped initiatives aimed at making its workplace demographics better represent its diverse range of users, citing recent US presidential actions and court decisions
AFP

The stock has traded in a 52-week range of $140.53 to $349.00, with the recent high reached in early February 2026. Alphabet’s market capitalization hovers around $3.72 trillion, reflecting its position as one of the world’s most valuable companies. Trading volume on Feb. 26 reached approximately 36 million shares, above average amid heightened interest in tech sector developments.

Alphabet’s most recent financial results, released Feb. 4 for the fourth quarter and full year 2025, showcased robust performance. Consolidated revenues climbed 18% year-over-year to $113.8 billion, surpassing analyst expectations of around $111 billion. Earnings per share came in at $2.82, beating estimates of $2.57 to $2.64. For the full year, revenues exceeded $400 billion for the first time, with net income rising 30% to $132.2 billion and diluted EPS at $10.81.

Google Services, the core advertising and consumer businesses, drove much of the growth with revenues up 14% to $95.9 billion. Google Search and other properties grew 17%, while YouTube ads and subscriptions contributed significantly, pushing the platform’s annual revenues past $60 billion. Google subscriptions, platforms and devices increased 17%, bolstered by strong adoption of Google One and YouTube Premium, now totaling over 325 million paid subscriptions.

Google Cloud continued its rapid expansion, with revenues surging 48% to $17.7 billion in the quarter. The segment benefited from surging demand for AI infrastructure and enterprise solutions on Google Cloud Platform. CEO Sundar Pichai highlighted the momentum in his earnings statement, noting that first-party models like Gemini now process over 10 billion tokens per minute via API, and the Gemini app has reached more than 750 million monthly active users.

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Pichai emphasized AI’s role in expanding search usage, with features like AI Overviews driving more complex queries and longer sessions. “AI continues to drive an expansionary moment” in search, he said, while cloud’s annual run rate surpassed $70 billion.

The earnings beat initially lifted shares, but forward guidance tempered enthusiasm. Alphabet projected 2026 capital expenditures between $175 billion and $185 billion, nearly double prior-year levels, primarily to fuel AI data centers, custom Tensor Processing Units (TPUs) and related infrastructure. The high-end figure raised concerns about potential margin pressure and free cash flow impacts in the near term, contributing to recent pullbacks.

Analysts remain largely bullish. Consensus price targets sit around $344 to $376, with firms like Scotiabank, KeyCorp and others issuing upgrades citing AI advantages. The stock carries a “Buy” rating from most covering analysts, who point to Alphabet’s comprehensive AI stack—including leading large language models, custom chips and vast cloud resources—as a competitive edge over rivals.

Recent developments underscore Alphabet’s AI push. In late February, the company integrated its robotics software firm Intrinsic—formerly an Alphabet “Other Bet”—into Google to accelerate physical AI for industrial automation. Intrinsic will leverage Gemini models and Google Cloud to make robotics more accessible for manufacturing.

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Alphabet also issued a 100-year bond in February to help fund its AI ambitions, drawing strong demand from institutional investors despite the long maturity. The move signals confidence in long-term growth while borrowing at favorable rates amid heavy spending plans.

Employee and ethical discussions have emerged around AI applications. More than 100 Google AI workers signed a letter in February urging “red lines” on military uses of Gemini, including restrictions on surveillance of U.S. citizens and autonomous weapons without human oversight. The letter echoes similar concerns at other AI firms amid Pentagon collaborations.

On the product front, Google launched a free AI Professional Certificate for U.S. small businesses and workers, offering training in AI skills like content creation and data analysis to address workforce gaps.

Alphabet’s next earnings report is expected April 23, covering the first quarter of 2026. Analysts forecast EPS around $2.67 on revenues near $106 billion to $113 billion. The company maintains a strong balance sheet, with ongoing share repurchases and a modest dividend initiated in recent years.

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Despite short-term volatility from capex concerns, Alphabet’s trajectory reflects its evolution into an AI powerhouse. From search dominance to cloud acceleration and robotics integration, the company continues investing aggressively to capture emerging opportunities in generative AI, enterprise solutions and beyond.

Investors weigh the balance between near-term spending pressures and long-term revenue potential from AI monetization across search, cloud and new frontiers. As Alphabet navigates this pivotal phase, its stock performance may hinge on execution in scaling AI infrastructure while sustaining core growth engines.

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Ginkgo Bioworks Holdings, Inc. (DNA) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Daniel Waid Marshall

Good evening. I’m Daniel Marshall, Senior Manager of Communications and Ownership. I’m joined by Jason Kelly, our Co-Founder and CEO; and Steve Coen, our CFO. Thanks, as always, for joining us. We’re looking forward to updating you on our progress.

As a reminder, during the presentation today, we will be making forward-looking statements, which involve risks and uncertainties. Please refer to our filings with the SEC to learn more about these risks and uncertainties, including our most recent 10-K.

Today, in addition to updating you on the quarter results, we’re going to provide insight into the autonomous lab, how we believe it will transform biotechnology and how we plan to commercialize autonomous labs going forward.

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As usual, we’ll end with a Q&A session, and I’ll take questions from analysts, investors and the public. You can submit those questions to us in advance via X, #ginkgoresults or through e-mail, investors@ginkgobioworks.com. All right. Over to you, Jason.

Jason Kelly
Co-Founder, Co-COO, CEO & Director

All right. Thanks, Daniel. So Q4 was really a breakout quarter for us in sort of defining and really leading in the category of autonomous labs. And so you’re going to hear a lot from me about that in the future. But I want to start by saying our mission remains to make biology easier to engineer. But in 2026, the technological focus for the company and really the business focus is going to drill down on investing to win in this category of autonomous labs. And this is really a part of what I see as an emerging movement around robotics and AI and autonomy that’s coming to

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