Stock futures are flat as the market awaits Fed’s Jackson Hole summit, retail earnings: Live updates

Stock futures are flat as the market awaits Fed’s Jackson Hole summit, retail earnings: Live updates


SoftBank will invest $2 billion into Intel, chipmaker’s shares rise

Japanese conglomerate SoftBank will invest $2 billion into Intel, according to an announcement from the two companies.

SoftBank will pay $23 per share of Intel’s common stock. The chipmaker’s shares ended Monday’s regular session at $23.66. Intel jumped more than 5% in extended trading.

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Intel shares over the past day

Meta Platforms sees largest increase in short interest of any U.S. stock this year, S3 says

Meta Platforms, which dropped 2.3% on Monday, has seen the largest increase in short interest of any U.S. stock this year, according to S3 Partners, which specializes in tracking the activity of short sellers, who try and profit from a decline in a company’s stock price.

Meta’s notional short interest has soared 75%, or $11 billion, so far in 2025, S3 said in a note Monday. The amount of Meta’s shares sold short as a percentage of the total outstanding has jumped 38% in recent weeks, and 35% so far in 2025, the researcher said.

The second-largest increase in year-to-date notional short interest was in Palantir, which rose $2.8 billion, S3 said.

META’s 30% YTD stock price gain accounts for roughly half of the rise in short interest notional, with the remainder driven by new shorts. Reasons for shorting META include Heavy AI and Metaverse spending, Trade/Tariff Risks, Growth Slowdown, Higher Valuation and Weakening Ad Market,” S3 said.

— Scott Schnipper

Palo Alto Networks jumps 5% after earnings beat

Shares of Palo Alto Networks jumped more than 5% in extended trading after the chipmaker’s quarterly results topped Wall Street estimates and issued better-than-expected guidance for the first quarter and full year.

The results come weeks after Palo Alto announced plans to buy Israeli identity security provider CyberArk for $25 billion, its heftiest deal ever.

Palo Alto also said its founder and Chief Technology Officer Nir Zuk is retiring.

— Yun Li



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Nvidia working on new AI chip for China that outperforms the H20, Reuters reports
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Nvidia working on new AI chip for China that outperforms the H20, Reuters reports

Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, two people briefed on the matter said. U.S. President Donald Trump last week opened the door to the possibility of more advanced Nvidia chips being sold in China. But the sources noted U.S. regulatory approval is far from guaranteed amid […]

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CNBC Daily Open: OpenAI CEO, who sparked AI frenzy, worries about AI bubble
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CNBC Daily Open: OpenAI CEO, who sparked AI frenzy, worries about AI bubble

Sam Altman, CEO of OpenAI, speaks during the Federal Reserve Integrated Review of the Capital Framework for Large Banks Conference in Washington, D.C, U.S., on July 22, 2025. Al Drago | Bloomberg | Getty Images There’s a bubble forming in the artificial intelligence industry, according to OpenAI CEO Sam Altman. “Are we in a phase […]

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American money pours into Europe’s soccer giants as club valuations soar
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American money pours into Europe’s soccer giants as club valuations soar

Kobbie Mainoo of Manchester United during the Premier League match between Manchester United FC and Aston Villa FC at Old Trafford on May 25, 2025 in Manchester, England. Alex Livesey | Getty Images European soccer is a bigger business than ever, with clubs in the continent’s five top leagues raking in 20.4 billion euros ($23.7 […]

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