Author: Akanksha Bakshi

Boeing Hits Record $682 Billion Backlog, Eyes Revival

By Akanksha Bakshi•

Boeing Company (NYSE:BA) stock fell Tuesday after reporting fourth-quarter results with revenue of $23.948 billion, up 57% from $15.242 billion, as commercial deliveries increased sharply. Boeing delivered 160 airplanes in the quarter, reflecting improved operational performance.

Fourth-quarter revenue of $23.948 billion exceeded the $22.470 billion analyst estimate. The company reported an adjusted loss of $1.91 per share, missing Wall Street expectations for a loss of $39 cents per share.

GAAP diluted earnings per share were $10.23, compared with a loss of $5.46 per share a year earlier, while core earnings per share, a non-GAAP measure, were $9.92, compared with a loss of $5.90.

Boeing said results “primarily reflect a $9.6 billion gain on sale associated with closing the Digital Aviation Solutions transaction, which increased earnings per share by $11.83.”

Segment Results

Commercial Airplanes’ fourth-quarter revenue rose to $11.379 billion from $4.762 billion, with an operating margin of (5.6)% versus (43.9)%. Boeing said results included “impacts associated with the acquisition of Spirit AeroSystems.”

Commercial Airplanes booked 336 net orders in the fourth quarter and 1,173 net orders for the full year, ending the year with a backlog of more than 6,100 airplanes valued at a record $567 billion.

Defense, Space & Security revenue increased to $7.417 billion from $5.411 billion, and the operating margin was (6.8%), including $0.6 billion in losses on the KC-46A program.

Global Services revenue totaled $5.209 billion, compared with $5.119 billion a year earlier, and operating margin was 202.4%, which Boeing said “primarily reflects” the $9.6 billion gain.

Operating cash flow totaled $1.331 billion for the quarter, compared with an outflow of $3.450 billion a year earlier, while free cash flow, a non-GAAP measure, was $375 million, compared with a negative $4.098 billion in the prior-year period.

The 737 production rate increased to 42 per month, and the Federal Aviation Administration approved “the final phase of 737-10 certification flight testing.”

Full-Year Results And Backlog

For full-year 2025, Boeing reported revenue of $89.463 billion, up 34% from $66.517 billion, reflecting 600 commercial deliveries, the highest annual total since 2018.

GAAP diluted earnings per share were $2.48, compared with a loss of $18.36 per share in 2024, while core earnings per share, a non-GAAP measure, were $1.19, compared with a loss of $20.38.

Full-year operating cash flow was $1.065 billion, compared with an outflow of $12.080 billion in 2024, while free cash flow, a non-GAAP measure, was a negative $1.877 billion, compared with a negative $14.310 billion a year earlier.

Boeing ended the quarter with $29.4 billion in cash and investments and $54.1 billion in consolidated debt. The company’s forward-looking risk disclosures cite factors including “tariffs” and “regulatory changes.”

Total company backlog grew to a record $682 billion, with all three segments at record levels.

“We made significant progress on our recovery in 2025 and have set the foundation to keep our momentum going in the year ahead. We completed the acquisition of Spirit AeroSystems and the sale of portions of the Digital Aviation Solutions business and remain focused on promoting stable operations, completing our development programs, rebuilding trust with our stakeholders, and fully restoring Boeing to the iconic company we all know it can be,” said Kelly Ortberg, Boeing president and chief executive officer.

BA Price Action: Boeing shares were down 1.38% at $245.00 during premarket trading on Tuesday. The stock is approaching its 52-week high of $254.14, according to Benzinga Pro data.

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BNY Clocks Record Profits In 2025, Assets Under Custody Near $60 Trillion

By Akanksha Bakshi•

The Bank of New York Mellon Corporation (“BNY”) (NYSE:BK) on Tuesday reported fourth-quarter 2025 diluted earnings per common share of $2.02 and adjusted diluted EPS of $2.08, beating the analyst estimate of $1.98.

Total revenue rose 7% year over year to $5.179 billion, also exceeding the consensus estimate of $5.136 billion, driven by fee revenue of $3.698 billion, up 5%, and net interest income of $1.346 billion, up 13%.

Net income applicable to common shareholders increased 26% to $1.427 billion, and the pre-tax operating margin was 36%. Return on equity was 14.5% and return on tangible common equity was 26.6%.

Results included $51 million of notable noninterest expense, primarily related to severance, partially offset by an adjustment to the FDIC special assessment.

Non-interest expense totaled $3.360 billion, flat year-over-year, or up 4% excluding notable items. Provision for credit losses was a benefit of $26 million, driven by improvements in commercial real estate exposure and changes in the macroeconomic forecast.

The effective tax rate was 20.4%, and net interest margin expanded to 1.38%, reflecting reinvestment of maturing securities at higher yields and balance sheet growth, partially offset by deposit margin compression.

Average deposits rose 8% year over year to $310.482 billion, and average loans increased 11% to $76.678 billion.

Assets under custody and/or administration increased 14% to $59.3 trillion, while assets under management rose 7% to $2.2 trillion.

In Securities Services, revenue increased 7% to $2.497 billion, with a pre-tax operating margin of 34%. Asset Servicing revenue rose 8% to $1.945 billion, and Issuer Services revenue increased 5% to $552 million. Segment AUC/A climbed 14% to $43.0 trillion, and the market value of securities on loan rose 24% to $604 billion.

Market and Wealth Services revenue increased 8% to $1.805 billion, with a 49% pre-tax operating margin. Pershing revenue increased 5% to $741 million, Payments and Trade revenue rose 11% to $524 million, and Clearance and Collateral Management revenue increased 10% to $540 million.

For the full-year 2025, BNY reported diluted EPS of $7.40 and adjusted diluted EPS of $7.50. Total revenue increased 8% to $20.080 billion, and net income applicable to common shareholders rose 22% to $5.306 billion. The full-year pre-tax operating margin was 35% and ROTCE was 26.1%.

BNY returned $5.0 billion of capital to common shareholders in 2025, comprising $1.4 billion in dividends and $3.5 billion in share repurchases, resulting in a full-year payout ratio of 94%.

As of December 31, 2025, the CET1 ratio was 11.9% and the Tier 1 leverage ratio was 6.0%. The average liquidity coverage ratio was 112% and the average net stable funding ratio was 130%, with total loss-absorbing capacity ratios exceeding minimum requirements.

Outlook

For 2026, BNY projected total revenue of $19.027 billion to $21.029 billion, compared with an analyst estimate of $20.023 billion, implying approximately 5% year-over-year growth, plus or minus.

“2025 was another successful year for BNY,” Chief Executive Officer Robin Vince said. “We delivered record net income of $5.3 billion on record revenue of $20.1 billion and generated an ROTCE of 26%.” He added, “We are entering 2026 with positive momentum and excited for the work ahead of us to deliver increased value for our clients and shareholders.”

BK Price Action: Bank of New York Mellon shares were down 0.51% at $120.05 during premarket trading on Tuesday. The stock is trading near its 52-week high of $122.36, according to Benzinga Pro data.

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Wheaton Precious Metals Is Ready To Reap Years Of Investment: Analyst

By Akanksha Bakshi•

Wheaton Precious Metals Corp. (NYSE:WPM) is positioned to benefit materially from earlier streaming investments as production ramps across several key assets drive strong gold equivalent ounce growth through the end of the decade.

Projects including Blackwater, Copper World, and Salobo are expected to underpin a visible and sustained expansion profile beginning in the latter half of the 2020s.

RBC Capital Markets analyst Josh Wolfson recently upgraded Wheaton Precious Metals to Outperform from Sector Perform and raised his price forecast to $130 from $115.

Also Read: The Year Silver Went Parabolic: 5 Metal Miners To Add To Your Portfolio

The move follows RBC’s updated precious-metals assumptions and reflects what he views as a more attractive setup for royalty and streaming companies after a sector-wide valuation reset.

Wolfson argues that royalty names are better insulated than traditional miners ahead of guidance season, given their limited exposure to operating and capital cost inflation.

He also raised his gold price outlook, forecasting average gold prices of $4,600 per ounce in 2026 and $5,100 per ounce in 2027.

Growth Visibility Without New Capital

Under these assumptions, Wolfson expects Wheaton’s slate of previously executed stream deals to translate into clear production growth starting in 2026, followed by consistent annual increases from 2027 through 2031 without requiring incremental investment.

Against the estimated 2025 production of 655,000 gold equivalent ounces, he projects more than 45% growth by 2030, which he characterizes as the strongest growth profile among large-cap royalty peers.

Wheaton’s revenue mix also positions it to benefit from stronger silver prices, with roughly 37% of revenue tied to silver.

Key Assets and Project Ramp-Ups

Salobo remains the cornerstone asset, accounting for approximately 38% of net asset value and EBITDA. Wolfson notes that operator Vale’s recent commentary supports steady performance in 2026, with longer-term upside tied to a potential coarse-particle flotation initiative that could help stabilize output later in the decade.

Beyond Salobo, he highlights a broad pipeline of contributors, including Blackwater, Copper World, El Domo, Fenix, Kone, Kurmuk, Platreef, Santo Domingo and Spring Valley, as multiple projects move through development and ramp-up phases.

Valuation and Risk Framework

Wolfson’s $130 price target is based on a 2.4x risk-weighted net asset value using a long-term gold price of $3,000 per ounce, plus 24x projected 2025–2027 sustainable free cash flow, or roughly 23x EBITDA. He outlines upside to $170 at a $5,000 per ounce long-term gold price and downside to $85 at $2,500 per ounce.

Key risks include asset concentration, particularly at Salobo and Peñasquito, execution challenges during project ramp-ups, and increased competition for new streaming transactions, which could pressure future returns.

WPM Price Action: Wheaton Precious Metals shares were up 2.76% at $112.29 at the time of publication on Wednesday. The stock is trading near its 52-week high of $114.36, according to Benzinga Pro data.

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Datavault AI Teams Up With Max International To Tokenize Real-World Assets In Switzerland

By Akanksha Bakshi•

Datavault AI Inc. (NASDAQ:DVLT) saw its shares surge in premarket trading on Monday after announcing a landmark partnership with Max International AG.

Bridging Blockchain and Institutional Finance

The collaboration will establish a Switzerland-based exchange for tokenized real-world assets, marking a major step in the company’s mission to bridge blockchain technology with institutional finance.

The deal highlights growing investor optimism around compliant, AI-driven digital asset platforms. The partnership aims to accelerate institutional adoption of real-world assets (RWAs) by resolving key barriers such as regulatory complexity, scalability, and fiduciary trust.

Also Read: Datavault AI Stock’s Face-Melting 720% Rally—What To Know

It also underpins Datavault AI’s International Elements Exchange, focused on tokenizing commodities like unmined gold and copper, and the International NIL Exchange, which monetizes name, image, and likeness rights.

Switzerland as Operational Hub

Zurich, known for its dominance in global gold refining and financial infrastructure, will serve as the operational center of the exchange.

Switzerland’s progressive digital asset regulations and Datavault AI’s international patent portfolio, spanning data tokenization, digital twins, and automated compliance, will enable transparent, scalable trading within a regulated ecosystem.

Datavault AI’s proprietary DataValue and DataScore systems are designed to enhance liquidity and improve valuation accuracy for illiquid assets.

Max International AG’s Swiss domicile provides regulated oversight and fiduciary governance, ensuring institutional-grade compliance for global participants.

CEO Highlights Growing Market Demand

Nathaniel Bradley, CEO of Datavault AI, added, “We have been approached by large corporations and governments to address growing demand for blockchain-driven solutions to RWA and NIL monetization—making the complex consumable and giving way to a simple tokenized, automated, fail-proof compliant scale.”

With tokenized assets projected to surpass $1 trillion by 2030, the Swiss partnership reinforces Datavault AI’s strategy to build compliant infrastructure for digital asset trading.

The venture follows Datavault AI’s acquisition of NYIAX, a deal that aimed to fuse AI and blockchain to strengthen asset monetization frameworks. Together, these initiatives position Datavault AI as a frontrunner in the regulated tokenization of real-world assets.

Price Action: DVLT shares were trading higher by 15.08% to $2.06 premarket at last check Monday.

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Image by Below the Sky via Shutterstock

Datavault AI Teams Up With Max International To Tokenize Real-World Assets In Switzerland

By Akanksha Bakshi•

Datavault AI Inc. (NASDAQ:DVLT) saw its shares surge in premarket trading on Monday after announcing a landmark partnership with Max International AG.

Bridging Blockchain and Institutional Finance

The collaboration will establish a Switzerland-based exchange for tokenized real-world assets, marking a major step in the company’s mission to bridge blockchain technology with institutional finance.

The deal highlights growing investor optimism around compliant, AI-driven digital asset platforms. The partnership aims to accelerate institutional adoption of real-world assets (RWAs) by resolving key barriers such as regulatory complexity, scalability, and fiduciary trust.

Also Read: Datavault AI Stock’s Face-Melting 720% Rally—What To Know

It also underpins Datavault AI’s International Elements Exchange, focused on tokenizing commodities like unmined gold and copper, and the International NIL Exchange, which monetizes name, image, and likeness rights.

Switzerland as Operational Hub

Zurich, known for its dominance in global gold refining and financial infrastructure, will serve as the operational center of the exchange.

Switzerland’s progressive digital asset regulations and Datavault AI’s international patent portfolio, spanning data tokenization, digital twins, and automated compliance, will enable transparent, scalable trading within a regulated ecosystem.

Datavault AI’s proprietary DataValue and DataScore systems are designed to enhance liquidity and improve valuation accuracy for illiquid assets.

Max International AG’s Swiss domicile provides regulated oversight and fiduciary governance, ensuring institutional-grade compliance for global participants.

CEO Highlights Growing Market Demand

Nathaniel Bradley, CEO of Datavault AI, added, “We have been approached by large corporations and governments to address growing demand for blockchain-driven solutions to RWA and NIL monetization—making the complex consumable and giving way to a simple tokenized, automated, fail-proof compliant scale.”

With tokenized assets projected to surpass $1 trillion by 2030, the Swiss partnership reinforces Datavault AI’s strategy to build compliant infrastructure for digital asset trading.

The venture follows Datavault AI’s acquisition of NYIAX, a deal that aimed to fuse AI and blockchain to strengthen asset monetization frameworks. Together, these initiatives position Datavault AI as a frontrunner in the regulated tokenization of real-world assets.

Price Action: DVLT shares were trading higher by 15.08% to $2.06 premarket at last check Monday.

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IBM Partners With Groq To Bring Lightning-Fast AI To Enterprises Worldwide

By Akanksha Bakshi•

International Business Machines Corp. (NYSE:IBM) and Groq have announced a partnership to speed up enterprise use of agentic artificial intelligence.

The deal integrates IBM’s watsonx Orchestrate with Groq’s high-performance inference platform, GroqCloud, to deliver faster, more cost-efficient AI capabilities across regulated and commercial industries.

As part of the collaboration, IBM and Groq will combine Groq’s Language Processing Unit (LPU) architecture with watsonx Orchestrate, while enhancing Red Hat’s open-source vLLM technology to support IBM Granite models.

Also Read: India’s Bharti Airtel Partners With IBM To Strengthen Cloud Offering

The integration aims to provide clients with scalable infrastructure for deploying AI agents in real-world applications.

Many companies struggle to transition from AI pilot projects to production due to cost and latency issues. GroqCloud, powered by its custom LPU, delivers more than five times faster inference than traditional GPU systems, maintaining low latency even as workloads scale globally.

The system supports complex workflows in fields such as healthcare, where IBM’s AI agents can process large volumes of data and provide accurate, real-time responses.

IBM clients are also using the Groq-powered system in human resources, retail, and financial services to automate processes and improve productivity. By combining Groq’s inference performance with IBM’s orchestration tools, the companies aim to make AI deployment faster and more reliable for enterprise customers.

“Many large enterprise organizations have a range of options with AI inferencing when they’re experimenting, but when they want to go into production, they must ensure complex workflows can be deployed successfully to ensure high-quality experiences,” said Rob Thomas, IBM’s Senior Vice President of Software and Chief Commercial Officer.

The announcement follows IBM’s move to roll out three new AI agents on Oracle’s platform, reflecting its broader push to enhance automation and interoperability across ecosystems. Access to GroqCloud through watsonx Orchestrate is available immediately, supporting secure and compliant AI deployment for global enterprises.

Price Action: IBM shares were trading higher by 0.86% to $283.70 premarket at last check Monday.

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IBM Partners With Groq To Bring Lightning-Fast AI To Enterprises Worldwide

By Akanksha Bakshi•

International Business Machines Corp. (NYSE:IBM) and Groq have announced a partnership to speed up enterprise use of agentic artificial intelligence.

The deal integrates IBM’s watsonx Orchestrate with Groq’s high-performance inference platform, GroqCloud, to deliver faster, more cost-efficient AI capabilities across regulated and commercial industries.

As part of the collaboration, IBM and Groq will combine Groq’s Language Processing Unit (LPU) architecture with watsonx Orchestrate, while enhancing Red Hat’s open-source vLLM technology to support IBM Granite models.

Also Read: India’s Bharti Airtel Partners With IBM To Strengthen Cloud Offering

The integration aims to provide clients with scalable infrastructure for deploying AI agents in real-world applications.

Many companies struggle to transition from AI pilot projects to production due to cost and latency issues. GroqCloud, powered by its custom LPU, delivers more than five times faster inference than traditional GPU systems, maintaining low latency even as workloads scale globally.

The system supports complex workflows in fields such as healthcare, where IBM’s AI agents can process large volumes of data and provide accurate, real-time responses.

IBM clients are also using the Groq-powered system in human resources, retail, and financial services to automate processes and improve productivity. By combining Groq’s inference performance with IBM’s orchestration tools, the companies aim to make AI deployment faster and more reliable for enterprise customers.

“Many large enterprise organizations have a range of options with AI inferencing when they’re experimenting, but when they want to go into production, they must ensure complex workflows can be deployed successfully to ensure high-quality experiences,” said Rob Thomas, IBM’s Senior Vice President of Software and Chief Commercial Officer.

The announcement follows IBM’s move to roll out three new AI agents on Oracle’s platform, reflecting its broader push to enhance automation and interoperability across ecosystems. Access to GroqCloud through watsonx Orchestrate is available immediately, supporting secure and compliant AI deployment for global enterprises.

Price Action: IBM shares were trading higher by 0.86% to $283.70 premarket at last check Monday.

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Photo by JuliusKielaitis via Shutterstock

Canadian Solar Lowers Outlook, Warns Of Challenging Second Half

By Akanksha Bakshi•

Canadian Solar Inc. (NASDAQ:CSIQ) shares fell Thursday after the company reported second-quarter 2025 revenue of $1.69 billion, up 4% year over year but below the $1.95 billion consensus estimate.

The company reported a net loss of 8 cents per share, compared with earnings of 2 cents a year earlier. The company posted an adjusted loss of 53 cents per share, which missed analyst expectations of a $1.61 profit.

Total module shipments reached 7.9 GW, up 14% sequentially and down 4% year over year, with the U.S., China, Pakistan, Spain, and Australia as top markets.

Also Read: Enphase Energy Secures $50 Million In New Revenue From Solar Financing Partnership

Gross margin widened to 29.8% from 17.2% a year earlier, exceeding guidance of 23% to 25%, aided by storage contributions, a U.S. anti-dumping and countervailing duty true-up adjustment, and a U.S. project sale. Gross profit rose to $505 million from $282 million a year ago.

Operating expenses increased to $377.59 million, primarily due to asset impairments. Operating cash inflow was $189 million, compared with an outflow of $429 million a year earlier.

The company ended the quarter with $2.3 billion in total cash and $6.3 billion in debt, including $1.8 billion in non-recourse borrowings.

By segment, CSI Solar delivered $1.59 billion in revenue, led by $1.02 billion from modules and $432 million from storage. Recurrent Energy contributed $104 million, with $48 million from project sales and $37 million from electricity and storage operations.

CSI Solar reported a $3 billion e-STORAGE contracted backlog, while Recurrent Energy’s development pipeline stood at 27.3 GWp of solar and 80.2 GWh of storage.

Outlook

For the third quarter, Canadian Solar expects revenue of $1.3 billion to $1.5 billion, below the $1.63 billion estimate, and gross margin of 14% to 16%.

For the full year, it lowered sales guidance to $5.6 billion to $6.3 billion from $6.1 billion to $7.1 billion, short of the $6.33 billion consensus.

Module shipments are forecast at 25 GW to 27 GW, with storage at 7 GWh to 9 GWh.

Dr. Shawn Qu, Chairman and CEO, said, “We expect third quarter margins to moderate as difficult market conditions persist, and storage profitability reflects more recent orders at normalized levels. We narrowed our full-year module volume guidance and maintained our storage volume guidance, supported by increased visibility into the second half. Full-year revenue expectations have been adjusted to reflect certain project sales shifting into 2026 and a more measured view on module pricing. The second half will remain challenging, with rising solar supply chain prices and ongoing trade uncertainties. We will continue to navigate these conditions with discipline, maintaining a prudent balance between growth and profitability.”

Price Action: CSIQ shares were trading lower by 13.02% to $11.09 premarket at last check Thursday.

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Why Genius Group Is Aggressively Stockpiling Bitcoin

By Akanksha Bakshi•

Genius Group Limited (NYSE:GNS) boosted its cryptocurrency reserves by 20% on July 1, 2025, purchasing additional Bitcoin (CRYPTO: BTC/USD) and bringing its total holdings to 120 BTC.

The move follows a recent decision by a U.S. appellate court that allowed the company to resume crypto acquisitions. The Singapore-based education technology firm secured the new Bitcoin at an average price of $101,539 per coin.

The company has doubled its Bitcoin holdings since May 22, 2025. This increase follows a decision by the U.S. Court of Appeals to stay a Preliminary Injunction that had previously prevented further purchases.

Also Read: Genius Group Projects 50% Revenue Growth After Re-Acquiring Resorts Division

Genius has committed to scaling its Bitcoin reserves to 1,000 BTC within six months. The company confirmed it would increase the frequency of purchases in the near term as part of a broader push to grow its digital asset base.

Roger Hamilton, CEO of Genius Group, characterized Bitcoin not only as a strategic asset but also as integral to the company’s long-term philosophy of value preservation and financial education.

Other companies actively involved in digital assets and education innovation include MicroStrategy Inc. (NASDAQ:MSTR) and Coursera Inc. (NYSE:COUR).

Investors interested in related themes may also watch Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) and Global X Education ETF (NASDAQ:EDUT).

Price Action: GNS shares are trading higher by 3.13% at $1.48 at last check Wednesday.

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Serve Robotics Unveils Atlanta Service, Pushing For 2,000 Robots By 2025 End

By Akanksha Bakshi•

Serve Robotics Inc. (SERV), a leader in autonomous sidewalk delivery, announced Thursday the launch of its service in the Atlanta metro area. This follows successful expansions in Los Angeles, Miami, and Dallas-Fort Worth and is part of Serve’s ongoing partnership with Uber Eats, a subsidiary of Uber Technologies Inc. (NYSE:UBER).

Serve’s autonomous robots have already started delivering meals in Midtown, Old Fourth Ward, and Downtown Atlanta, serving over 50,000 residents.

Customers ordering from local restaurants like Rreal Tacos and Ponko Chicken can now receive their meals via Serve’s robots. The company’s partnership with Shake Shack Inc. (NYSE:SHAK) will also extend to Atlanta.

Also Read: McDonald’s And Krispy Kreme To End Partnership In July, Doughnut Company CEO Says Efforts To Bring Costs Down With Unit Demand Were ‘Unsuccessful

Dr. Ali Kashani, CEO and co-founder of Serve Robotics, said the choice of Atlanta, a rapidly growing tech hub, will help expand operations in one of the Southeast’s largest markets. Serve’s robots aim to reduce traffic congestion and provide efficient, emission-free last-mile deliveries. The company has established strong local partnerships to ensure a smooth rollout.

This move aligns with Serve’s broader goal of deploying 2,000 AI-powered delivery robots across the U.S. by the end of 2025. The expansion will also create new job opportunities in operations and maintenance, contributing to the local economy.

Megan Jensen, Head of Autonomous Delivery Operations at Uber, stressed that autonomous delivery is key to Uber’s vision of making food delivery more convenient and innovative.

Price Action: SERV shares are trading higher by 5.28% to $10.77 premarket at last check Thursday.

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