United StatesTechnology

Kandi Technologies (NASDAQ:KNDI) secured a procurement order from QIJI Energy to equip 18 heavy-truck battery swap stations.

Lockheed Martin (NYSE:LMT) introduced the MORFIUS X-Rotor, an airborne microwave counter-drone system designed to neutralize 50 hostile targets.

• Meta announced that production of an in-house artificial intelligence processor will commence in September to reduce third-party reliance.
• The business projects total computing infrastructure spending will reach $145 billion this year to support rapid hardware scaling.
• Traditional hardware suppliers face shifting market dynamics as dominant technology platforms actively diversify their global supply chains.

• Amazon.com is reportedly seeking to raise at least $25 billion through a U.S. dollar bond sale to support corporate needs, including AI infrastructure spending.
• The peer group shows the scale of the AI infrastructure race, with the latest quarterly revenue ranging from Oracle’s $19.2 billion to Amazon’s $181.5 billion.
• The main sector issue is whether cloud and AI demand can justify heavier debt, higher capital spending, and lower near-term free cash flow.

Cloudastructure (NASDAQ:CSAI) reported Q1 revenue of $1.315 million, up 78%, while gross profit increased 115% to $710,000.

Kimbell Royalty Partners (NYSE:KRP) agreed to acquire multi-basin royalty interests for $215.4 million, adding expected Q3 production of 2,347 boe/d.

SpaceX (NASDAQ:SPCX) shares fell 3.5% to $126.58 premarket after an engine failure aborted Starship’s 13th test before liftoff.

Solstice Advanced Materials (NASDAQ:SOLS) declared a regular quarterly dividend of $0.075 per common share, payable on September 10, 2026.

Netflix (NASDAQ:NFLX) shares fell 9.2% before Friday’s opening bell after its third-quarter revenue and earnings forecasts missed analyst estimates.

Honeywell Technologies (NASDAQ:HON) completed its £1.325 billion all-cash acquisition of Johnson Matthey’s Catalyst Technologies business.

Apple (NASDAQ:AAPL) received approval from the Cyberspace Administration of China to launch its generative AI services in the country by integrating models from Alibaba (NYSE:BABA) and Baidu (NASDAQ:BIDU).

Wipro (NYSE:WIT) reported gross revenue of Rs 244.8 billion ($2,585.9 million) for the quarter ended June 30, 2026, marking a 1% increase compared to the previous quarter.