HAPPY THURSDAY TO THE STREET
Surveillance startup Flock just did one of the rarest things in Silicon Valley: apologize.
The traffic camera maker has taken serious heat recently, following a series of reports of police officers misusing its technology. One Georgia police chief, for example, ran his ex’s plate over 500 times in seven months.
The backlash was enough to make CEO Garrett Langley admit the company got this one wrong. The firm is now making abuse detection, a once-optional feature, mandatory. A bit like installing the smoke alarm after the fire.
🟩 | US stocks rose today, with the S&P 500 finishing at a fresh record, as another inflation print came in cooler than expected and oil resumed its slide.
📈 | One Notable Gainer: Netflix (NFLX) ticked up after Bill Ackman’s Pershing Square disclosed a new stake.
📉 | One Notable Decliner: Cisco (CSCO), one of the last major tech stocks to report this earnings season, slumped after guiding Q1 gross margin below consensus.
— Brooks & The Street Sheet Team
MARKET SNAPSHOT
S&P 500 Heatmap. Credit: Unusual Whales
Market Movers
CEREBRAS, BIRKENSTOCK, STUBHUB
📉 | Cerebras Systems (CBRS) tumbled after Q2 revenue of $180M missed the $194M consensus.
📈 | Birkenstock (BIRK) jumped after beating on revenue and adjusted EBITDA.
📉 | StubHub (STUB) sank despite record quarterly revenue after missing on adjusted gross margins.
📈 | Super Micro Computer (SMCI) extended its post-earnings surge on Q1 guidance well above estimates.
📉 | Tapestry (TPR) dropped on soft fiscal Q4 revenue despite raising its dividend.
Tomorrow's Trade Idea, Today
NBIS-NESS AS USUAL
Stock Spotlight
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Power Play
NBIS has nearly tripled in value in 2026 alone. Bank of America believes that, by now, more gains are just business as usual.
Analyst Tal Liani maintained his Buy rating and lifted his target, pointing to a cloud business built specifically for AI workloads, plus a data center pipeline stretching across the globe.
Watts Up
Liani argues Nebius runs a unified, end-to-end platform, and that management has the execution record to keep it growing.
Q2 backed him up. Adjusted EBITDA hit $236.2M against the $168.8M analysts expected, and revenue of $582.3M topped the $569.9M consensus.
Management also held its target of 800MW to 1GW of connected power by the end of 2026, which Liani says defuses investor worry over how fast individual sites come online.
Street Cred
Wall Street mostly agrees. Of the 19 analysts covering Nebius, 13 rate it Buy or Strong Buy, and none rate it Sell.
The stock is up some 185% year-to-date, and full-year guidance stayed put. For a company that sells compute by the megawatt, BofA argues, the power won’t go out anytime soon.
Do you own any shares of Nebius Group (NBIS)?
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OVERHEARD ON THE STREET
📊 Wholesale prices were flat in July against forecasts for a 0.2% increase, pushing rate hike bets out to October or December.
🌍 Iran will soon join the BRICS New Development Bank, its central bank governor said, as the war with the US and Israel drags on.
💼 Anthropic CFO Krishna Rao is leading early IPO investor meetings, but they have not yet touched on financials or valuation.
🚪 OpenAI CRO Denise Dresser is leaving after eight months, the second senior exit in days.
WEDNESDAY’S POLL RESULTS
Do you own any shares of JOYY Inc. (JOYY)?
▇▇▇▇▇▇ 🐂 Yup, I’m holding
▇▇▇▇▇▇ 🐻 Nope, not interested
▇▇▇▇▇▇ 👀 No, but I’m interested
And, in response, you said:
🐻 Nope, not interested — “It is too easy to take big losses in Chinese companies due to PRCC control. And a social media business has even higher exposure in this regard.”
