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• Oppenheimer Initiates at Outperform: Oppenheimer initiated coverage with a bullish $140 price target, valuing Viasat's spectrum holdings alone at approximately $15 billion.
• Massive Revenue and EPS Beat: Revenue of $641.6 million more than doubled year-over-year, crushing the $557 million Street estimate, with adjusted EPS of $1.84 beating consensus by roughly 25%.
• Edge AI Now 80% of Business: Ambarella shipped over 42 million Edge AI SoCs across automotive, industrial, security, and robotics markets in fiscal 2026.
• BABA Compliance Unlocks Federal Projects: Ouster's Rev8 digital lidar sensors achieved Build America, Buy America compliance, unlocking eligibility for federally funded infrastructure projects.
• US-Iran De-Escalation Sparks Risk-On Rally: A broad risk-on rally followed the US and Iran agreeing to halt strikes in the Strait of Hormuz, lifting high-beta growth names broadly.
• AI Data Center Power Narrative: Shoals surged alongside solar peers Enphase Energy and SolarEdge on a broader AI data center power demand theme.
• UBS and BofA Price Target Hikes: UBS raised its target to $340 from $230, while BofA lifted its target to $365 with a Buy rating, both citing AI infrastructure strength.
• The NBS Manufacturing PMI rose to 50.3 in June from 50.0 in May, beating the 50.1 consensus forecast and marking a third straight month above the 50 expansion threshold.
• Headline inflation eased to 2.3% year-over-year in June, down from 2.6% in May and below the 2.6% market consensus.
• $50 Million in Upfront Proceeds: Pyxis Oncology secured immediate gross proceeds through a newly announced private placement financing.
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