Apple stock rebounded after it struck a deal to license Alphabet's Gemini large language model for $1 billion annually, a fraction of the $200 billion each Amazon and Alphabet plan to spend on AI in 2026. This cost-efficient AI strategy has boosted investor confidence ahead of Apple's earnings report on July 30. The author predicts that Apple could become the second company to reach a $5 trillion market valuation on that day.
Sandisk (NASDAQ: SNDK) shares jumped 21.5% in morning trading on July 30, 2026, partially recovering from a nearly 37% decline over the previous four trading days. The volatile price action is attributed to competing narratives about artificial intelligence, though no specific catalyst was identified in the brief report.
Micron Technology shares jumped 9.6% in morning trading on July 30, 2026, after falling more than 25% over the previous four sessions. The recovery came as HSBC analysts noted competing narratives about the state of artificial intelligence, which may be driving momentum in the stock. No specific AI-related corporate developments were detailed.
Caterpillar shares have fallen 16.4% over the past month and were trading 22.3% below their 52-week high as of July 28. The decline comes ahead of the company's second-quarter earnings report scheduled for August 4, with consensus estimates of earnings per share of $6.25 on revenue of $19.31 billion. The pullback is attributed to investors cooling on the artificial intelligence trade that had previously boosted the stock. The article suggests the drop may present a buying opportunity before the earnings release.
AT&T has announced an expansion of its use of D-Wave Quantum's annealing quantum computing technology, integrating it into the company's artificial intelligence tools. The initiative aims to improve network operations and outage detection. This expansion follows AT&T's initial testing of D-Wave's services a few months earlier.
Pinterest CEO William J. Ready reported the sale of 32,057 shares of Class A Common Stock on July 20, 2026, according to an SEC Form 4 filing. The transaction was executed at a weighted average price of $22.81, reflecting the market close price that day. Pinterest is a visual discovery platform using machine learning for recommendations. The filing itself does not disclose the reason for the sale.