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NYSE:VICIReal Estate
VICI Raises Dividend 2.2%; Its 7.2% Yield Still Covers Pricier Debt
NEW YORK, Sept. 6, 2026, 12:31 p.m. EDT — VICI Properties Inc. raised its quarterly dividend by 2.2% to $0.46. At Friday’s $25.42 close,…
Current market chart
The dividend raise met a falling share price
· U.S. dollars per share
Aug. 5 · $26.40Aug. 24 · $26.78Sept. 4 · $25.42
−3.7%one-month change
−0.9%Friday session
7.24%new annualized yield
Unadjusted closes from Yahoo Finance. Yield uses the new $1.84 annual dividend rate.
Dividend coverage
Twenty-five cents of each AFFO dollar stays inside
Per-share annual run rate, using the midpoint of company guidance
$2.46AFFO midpoint
1.34×dividend coverage
+$0.04annual payout increase
Guidance and share count come from VICI’s second-quarter results. AFFO is a non-GAAP measure.
Debt-cost reset
The principal stayed flat; the coupon did not
Annual coupon on two $1.75 billion debt packages
Retired notes
$75.63m
New notes
$97.48m
Incremental coupon cost: $21.85 million a year, before other effects.
TS2 calculation from VICI’s Aug. 14 debt-closing release. The new notes mature in 2031 and 2036.
Income premium
VICI pays more because the risk is different
7.24%VICI annualized yield$1.84 divided by $25.42
+246
basis points
basis points
4.78%10-year TreasurySept. 4 market yield
Dividend and price calculation by TS2. Treasury yield from the U.S. Treasury’s daily curve.
NYSE:OBDCNYSE:OWL
Blue Owl’s 93% Loparex Markdown Tests OBDC’s 20% NAV Discount
NEW YORK, Sept. 6, 2026, 12:20 p.m. EDT — Blue Owl Capital Corporation marked four Loparex loans at $8.34 million in June. Their combined…
Current market chart
OBDC recovered from its earnings-week low
· U.S. dollars per share
Aug. 3 · $11.00Aug. 13 · $11.91Sept. 4 · $11.40
+3.6%Aug. 3 to Sept. 4
$11.91period closing high
+0.2%Friday session
Unadjusted closing prices from Yahoo Finance. The Sunday report arrived after Friday’s close; U.S. markets are closed Monday.
Loan-mark reset
Nearly all reported value disappeared in six months
Fair value, Dec. 31, 2025 versus June 30, 2026
Second liens · $117.51m → $6.65m
−94.3%
Large first lien · $4.12m → $0.89m
−78.5%
All four loans · $122.43m → $8.34m
−93.2%
December valueJune value
TS2 calculations from OBDC’s SEC filing. One small first-lien position held near par and is included only in the combined figure.
Portfolio scale
One severe mark, with broad metrics still contained
0.90%Loparex at cost$135.34m of $15.11bn
0.056%Loparex at fair value$8.34m of $14.96bn
0.8%All non-accruals$126.41m at fair value
Performing investments still represented 99.2% of OBDC’s fair-value portfolio on June 30.
Source: OBDC Form 10-Q. Percentages may not add because of rounding.
Public-market cushion
Price, income and book value tell different stories
Discount to June NAV20.1%$11.40 price / $14.26 NAV
Base dividend yield10.9%$0.31 quarterly, annualized
Q2 total dividend cover103%$0.34 adjusted NII / $0.33
Share price as of Sept. 4. NAV and income figures from OBDC’s second-quarter results. Yield is not guaranteed.
CanadaStock Market
Trump Calls Canadian Dollar ‘Imbalance’ Unacceptable; Parity Would Take 38%
TORONTO, Sept. 6, 2026, 12:10 p.m. EDT — President Donald Trump called Canada’s currency gap “unacceptable” on Sunday. At Friday’s official rate, hypothetical parity…
Current market chart
USD/CAD moved less than 1% this year
· Canadian dollars per U.S. dollar
Jan. 2 · 1.3737July 2 · 1.4181Sept. 4 · 1.3840
+0.75%USD/CAD since Jan. 2
1.35152026 daily-average low
1.42342026 daily-average high
Calculated from the Bank of Canada’s official daily series. Higher readings mean a weaker Canadian dollar.
Scenario math
A move toward parity gets steep quickly
Required Canadian-dollar gain from Friday’s 1.3840 USD/CAD rate
Current: 1.3840 · C$1 equals US$0.7225
1.3500
+2.5%
1.3000
+6.5%
1.2400
+11.6%
1.0000
+38.4%
These are reciprocal-rate calculations, not forecasts. Trump did not say that parity was his objective.
Words, rules and cash flows
Three channels now face different levels of certainty
Presidential messageConfirmed Sunday. No exchange-rate target or enforcement step accompanied it.
Canadian FX policyFloating rate. Direct intervention remains exceptional; the last episode was in 1998.
Trade actionC$27.6 billion of Canadian counter-tariffs is scheduled for 12:01 a.m. Tuesday.
Confirmed mechanisms: Bank of Canada intervention policy and Finance Canada’s tariff schedule.
Currency translation
What C$10,000 is worth to a U.S. holder
Local asset price held constant; transaction costs excluded
USD/CAD 1.3840US$7,225Current reference
USD/CAD 1.3500US$7,407+$182
USD/CAD 1.3000US$7,692+$467
USD/CAD 1.2400US$8,065+$840
TS2 calculation. Currency translation can amplify or offset the local return on Canadian stocks and bonds.
NYSE:MSNYSE:ORCL
Oracle Stock at $158.78: Earnings Face a $20 Billion Funding Test
AUSTIN, Texas, Sept. 6, 2026, 11:52 a.m. EDT — Oracle Corporation reaches Thursday’s earnings with a measurable financing overhang. At Friday’s $158.78 close, its…
Current market chart
The rebound has repaired only half the post-earnings break
· U.S. dollars
June 10 · $201.26July 24 low · $114.99Sept. 4 · $158.78
+38.1%from July closing low
−21.1%since June 10
+3.1%Friday session
Daily closes calculated from Yahoo Finance historical data. The latest point is a closing price, not a live quote.
Q1 sales bridge
Cloud’s guided midpoint is nearly three-fifths of total revenue
Q1 FY2026 cloud revenue
$7.186B
Reported comparison base
Q1 FY2027 cloud range
$11.35B–$11.79B
Derived from +58% to +64%
Q1 FY2027 total sales range
$18.96B–$19.25B
Derived from +27% to +29%
TS2 calculations apply Oracle’s guidance to the reported prior-year bases. Rounded figures may not add exactly.
Capital structure
A fully used ATM would equal about one new share per 23 existing shares
Illustrative outcome at an unchanged $158.78 sale price
Existing June share count · 95.63%Illustrative new shares · 4.37%
$20.0Bmaximum common-stock program
≈126.0Mshares at Friday’s close
≈4.37%of reported June shares
The SEC prospectus permits flexible sales. Actual volume depends on price, timing and Oracle’s decisions.
Selected analyst views
Targets agree on upside, then diverge by $135
Actions reported Sept. 1–4, 2026
RBC · Hold
$190
Morgan Stanley · Hold
$210
BofA · Buy
$240
Jefferies · Buy
$290
Bernstein · Buy
$325
Friday close: $158.78
Ratings and target actions compiled from dated brokerage reports. Targets are opinions, not promised returns.
CryptocurrencyStock Market
XRP at $1.42: BIS Ledger Test Used DevNet, Not Mainnet
NEW YORK, September 6, 2026, 11:31 a.m. EDT — XRP traded near $1.42 on Sunday after BIS researchers tested the XRP Ledger. The experiment…
Seven-day price path
XRP recovered part of Friday’s decline
Daily prices through Sept. 5 and current Sunday reading. Sources: Investing.com and CoinMarketCap. Crypto trades continuously.
What was actually tested
One public timestamp, thousands of private datasets
1CanonicalizePut each SDMX file into a stable form
2FingerprintHash the file and its individual series
3BatchCombine many hashes into one Merkle root
4AnchorRecord the root and timestamp on XRPL
The file carries the proof and publisher credential. Source: BIS Working Paper 1374.
The evidence boundary
Technology validation is not institutional adoption
The paper shows
Fast verification: median 1–2 seconds
Efficient batching: one root covers thousands of files
Data privacy: only fingerprints go on-chain
The paper does not show
No mainnet rollout: reported runs used DevNet
No BIS procurement: this is a working paper
No XRPL lock-in: the gateway is replaceable
The authors say the design is blockchain-agnostic and their views do not necessarily represent the BIS. Read the publication record.
Fee-demand reality
Batching makes the XRP burn almost invisible
Minimum standard fee
0.00001 XRP
Value at $1.42
$0.0000142
Transactions to burn $1
70,423
TS2 calculation at Sunday’s price. The minimum fee is destroyed, not paid to a validator. Source: official XRPL transaction-cost documentation.
Federal ReserveNYSEARCA:SPY
Stock Market Crash? S&P 500’s 21.4× Valuation Faces a CPI Test
It is an expensive one. Friday’s close equals 21.4 times FactSet’s $361.38 bottom-up earnings estimate for 2026. A hot inflation report could make that…
The latest tape
Friday’s dip left the week nearly flat
Source: AP’s final index tally. U.S. cash markets are closed for the weekend.
The profit cushion
Forecasts rose while prices absorbed a rate scare
2026 S&P 500 EPS estimate
+6.1%
Q3 bottom-up EPS estimate
+1.2%
Energy Q3 revision
+11.8%
Materials Q3 revision
−9.1%
July 1 through Aug. 31. Source: FactSet Earnings Insight.
Not a forecast
How much multiple compression would cost
Index level implied by $361.38 of 2026 earnings
18×6,505−15.7%
20×7,228−6.4%
21.4×7,719Friday
22×7,950+3.0%
TS2 calculation using Friday’s close and FactSet’s 2026 EPS estimate.
The four-day runway
Two inflation releases can reset the multiple
Mon · Sept. 7Labor DayStocks and bonds closed
Tue · Sept. 8Cash market reopensFirst price discovery
Thu · 8:30 a.m.August PPIProducer-price test
Fri · 8:30 a.m.August CPIConsumer-price test
Stock Market
UK Interest Rates: Pill Pushes for 4% as 10-Year Gilt Ends at 5.13%
Huw Pill has put a 4% Bank Rate back into Britain’s September debate, while gilt prices expose a costlier problem farther along the curve.
The rate tape
Ten-year gilt yield eased after Wednesday’s peak
Selected daily closes. Source: Investing.com historical data. Market closed Friday; yields move inversely to prices.
Financing hurdle
The curve sits well above today’s policy rate
Bank Rate3.750%
2-year4.5335%
10-year5.1345%
30-year5.774%
Friday closes for generic UK government-bond yields: 2-year, 10-year and 30-year. Maturity yields contain more than expected Bank Rate.
Decision map
A hawkish minority, with markets leaning toward November
July MPC vote
6 hold · 3 hike
Rate-futures signal
September hike15%+
November hike70%+
Vote source: Bank of England. Futures probabilities were reported by Reuters on Sept. 3 and can change.
Nine-day sequence
Growth and inflation arrive before the rate vote
Sept. 11July GDPFirst read on momentum entering the quarter.
Sept. 16August CPILast inflation print before the committee meets.
Sept. 17Bank RateDecision and minutes from the nine-member MPC.
Release dates: ONS GDP calendar, ONS inflation calendar and MPC dates.
NASDAQ:SMCIStock Market
Super Micro Stock Climbs 4.5%; Founder Notices Equal 0.03% as Operating Cash Use Hits $6.8 Billion
Super Micro Computer climbed 4.5% on Friday as co-founder Sara Liu disclosed two sale notices covering 200,000 shares. The filings sound large. Their scale…
The insider headline, measured
Two Form 144 notices against the company's share count and Friday trading
200,000
shares across both notices
0.030%
of 656.97 million outstanding
0.37%
of Friday's 53.55 million volume
Indicated aggregate value: $7.72 million. The September 3 sale was confirmed; the September 4 filing remained a notice of a proposed sale.
SMCI regained the top of its three-week range
$39.59Friday +4.54%
Profit did not turn into operating cash
Fiscal 2026, audited GAAP figures
Net income
+$2.23B
reported profit
Operating cash flow
−$6.81B
working capital absorbed cash
Financing cash flow
+$9.48B
debt and equity filled the gap
$5.64B equity-offering proceeds
$3.95B net credit and term-loan proceeds
NYSE:RACEStock Market
Ferrari Stock Faces Monza Test as Hamilton Starts Fourth and Racing Revenue Cuts Both Ways
MONZA, Italy — September 6, 2026 at 1:05 p.m. CEST. Ferrari will start its home Grand Prix with Charles Leclerc third and Lewis Hamilton…
Ferrari found the second row, not pole
Official qualifying times. Oscar Piastri's penalty later moved both Ferrari drivers forward one grid place.
1
Pierre GaslyPole position
1:21.786
4
Charles LeclercStarts P3 after penalty
+0.218s
5
Lewis HamiltonStarts P4 after penalty
+0.225s
Hamilton reached Q3 by only 0.001 seconds. The 53-lap race begins at 3 p.m. local time. Source: Formula 1.
The road cars still carry the quarter
Ferrari's Q2 2026 net revenue was €1.938 billion.
Cars and spare parts84.1%€1.629bn
Sponsorship, commercial and brand10.8%€209m
Other5.2%€100m
Percentages calculated from Ferrari's Q2 filing with the SEC. Rounded components total 100.1%.
RACE gave back its August climb
New York daily closes through .
August 5$406.80
August 21 peak$436.54
September 4$409.95−6.1% from peak
Aug. 5Sept. 4
Unadjusted closing prices from Yahoo Finance. Percentage calculation by TS2.
The racing payoff arrives through two doors
Ferrari's filings describe both the revenue route and its offset.
Track inputChampionship positionBuilt across a season
Revenue routeF1 distributions and sponsorsPartly lagged
2025 result€820m commercial and brandUp 22%
The counterweight: Ferrari said better 2026 in-season ranking assumptions also brought higher costs. Racing can support revenue and expense in the same reporting period. See Ferrari's 2025 results and Q2 update.
LSE:SPIStock Market
Spire Healthcare’s 250p Takeover Leaves 5% Upside; the Same Price Failed in 2021
LONDON — September 6, 2026 at 12:24 p.m. BST. Spire Healthcare Group has agreed to a 250-pence cash takeover. Its shares last traded at…
The weekend price gap
Cash terms versus the last undisturbed market close before the firm agreement.
Friday close238p
Cash offer250p
Gross spread5.0%
10,000 shares: £1,200 gross upside to the offer price. That excludes fees, tax, time value and the risk of non-completion. The figure is not annualised.
The shares had not reached the bid
Daily closes for the final month before the recommended offer. Market data are current through .
August 6235p
September 3241p
September 4238p
Aug. 6Sept. 4
Closing-price history from Sharecast; latest close cross-checked with the LSE. Chart and spread calculations by TS2.
Same price, different starting point
The 2021 result explains why a recommended deal can still trade below cash terms.
2021 court-meeting support72.07%
75% required
2026 holders already supporting53.4%
These are not equivalent voting bases. The first is an actual 2021 court-meeting result; the second is support reported with the new agreement. It reduces uncertainty but does not predict the final vote. Spire's official 2021 result.
The buyer gets growth, cash and pressure
Full-year 2025 figures. Adjusted measures are Spire's.
Revenue£1,579.8m+4.5%
Adjusted EBITDA£268.6m+3.3%
Profit before tax£18.6m–51.4%
Adjusted free cash flow£64.3m+64.9%
Year-end net bank debt was £332.4 million, with covenant leverage at 2.0 times. Figures from Spire's full-year release.
NASDAQ:PENNStock Market
PENN Stock Is Down 15%; a $1,000 Bet Reset Tests a Break-Even Second Half
WYOMISSING, Pennsylvania — September 6, 2026 at 6:51 a.m. EDT. PENN Entertainment ended Friday at $17.07. That was 15.2% below its August 6 close.…
How $1,000 becomes $250 in one model
Illustration only: every wager has fair +100 odds and every credit is used.
First wager50%Chance the reset is triggered
Bonus credits$500Expected cashable winnings after a trigger
Incremental payout$25050% trigger × $500 expected conversion
Not PENN guidance. Actual cost depends on wager odds, player behavior, expiry, hold and eligibility. Bonus stakes themselves are not withdrawable.
PENN is still 15.2% below earnings day
Daily closes from the August 6 results through .
August 6$20.13
September 1 low close$16.40
September 4$17.07
Aug. 6Sept. 4
Market closed. Friday close and history from Nasdaq; change calculations by TS2.
Profit improved while the audience shrank
PENN Interactive, second quarter; adjusted revenue excludes gaming-tax gross-ups.
Adjusted revenue2025: $178.2m2026: $163.9m–8.0%
Online sportsbook revenue2025: $77.7m2026: $60.4m–22.3%
Average monthly users2025: 487,0002026: 417,000–14.4%
Revenue per monthly user2025: $1002026: $104+4.0%
Adjusted EBITDA2025: –$62.0m2026: –$9.5m+$52.5m
PENN's Q2 investor presentation. Percentage changes are company figures.
The midpoint requires a break-even second half
Simple subtraction of reported H1 results from full-year guidance.
First-half result–$20.4m
Full-year midpoint–$20.0m
Implied H2+$0.4m
The implication is mathematical, not fresh company guidance. Results can move with sports outcomes, promotions, product mix and the timing of investment. PENN's reported Q2 results.
CryptocurrencyStock Market
Hargreaves Lansdown Opens 9 Crypto ETNs; a £1,000 Round Trip Can Cost 2.09%
BRISTOL, England, September 6, 2026, 11:08 a.m. BST — Hargreaves Lansdown has opened nine exchange-traded notes tied to Bitcoin and Ether. Yet a £1,000…
Small tickets carry the heaviest drag
Illustrative one-year holding with one purchase and one sale.
£1,000 position£11.40–£20.901.14%–2.09% of capital
£5,000 position£25.40–£48.900.51%–0.98% of capital
£25,000 position£95.40–£188.900.38%–0.76% of capital
£50,000 position£157.90–£338.900.32%–0.68% of capital
Includes HL's 0.35% annual account charge, capped at £150, a 0%–0.35% product fee and a £7.90–£13.90 round trip. Published HL charges. Calculations by TS2.
Three layers sit behind one trade
The wrapper removes wallet management. It does not remove market or intermediary risk.
Investor holdsAn LSE-listed debt security
Issuer arrangesPhysical backing and custody
Investor receivesPrice exposure, minus costs
LSE rules require eligible notes to be non-leveraged. At least 90% of the underlying assets must normally sit in cold storage. LSE admission factsheet.
Bitcoin gained 24.4% before HL opened the gate
Daily BTC-USD closes for the latest month, with Sunday's live mark.
August 6 close$64,262
September 3 close$81,272
Current mark$79,923
Aug. 6Sept. 6
Live mark at . Yahoo Finance market data. Change calculations by TS2.
Access is a four-step funnel
The product page is public. The catalogue is not immediately tradable.
1QualifyMeet HL's investor category.
2Self-certifyConfirm advanced or restricted status.
3Pass a testComplete the appropriateness assessment.
4WaitObserve a 24-hour cooling-off period.
Available: Fund and Share Account or SIPP
Not available: new Stocks and Shares ISA purchases
NSE:TMPVStock Market
Tata Motors PV Stock Faces Monday Test as JLR’s Reported 4,000 Job Cuts Expose a 7,915-Vehicle Cushion
GAYDON, England, September 6, 2026, 10:21 a.m. BST — Jaguar Land Rover's last full-year wholesale volume finished only 7,915 vehicles above the cost base…
One programme, two levels of certainty
The savings and breakeven objectives are company targets. The workforce number remains a media report.
CONFIRMED BY JLR£1.7bnplanned savings over two years
REPORTED, NOT CONFIRMEDUp to 4,000roles cited by The Times and other outlets
CONFIRMED BY JLR300,000target annual breakeven volume
ELIGIBLE EMPLOYEESSalariedand management team members
JLR has more than 44,000 employees worldwide. A 4,000-role outcome would equal less than 9.1% of that base, though the company has not endorsed the number.
Programme details: JLR statement reported by Sky News. Workforce: JLR annual report.
The earnings-day bounce did not hold
TMPV daily closing prices over the latest 24 NSE sessions.
Last regular trade at . Closing-price record: Yahoo Finance market data. Change calculations by TS2.
Fiscal 2026 volume barely cleared the new floor
The breakeven target is not a sales forecast. It shows how little room last year's volume left above the desired cost threshold.
Breakeven target: 300,000FY26 actual: 307,915
7,915vehicles above the target threshold
2.6%volume cushion versus that threshold
Q1 FY27's 79,288 wholesales produce a 317,152-unit annualized pace. That mechanical run rate is not a forecast; it sits only 5.7% above 300,000.
Reported volume: JLR FY25/26 annual report. Current quarter: JLR investor-relations results. Calculations by TS2.
Savings cannot come at the cost of the product cycle
The restructuring sits beside large cash demands and a crowded launch plan.
TWO-YEAR SAVINGS TARGET£1.7bnmaterials, warranty and fixed costs
FIVE-YEAR INVESTMENT£18bnvehicle platforms and transformation
Q1 FREE CASH FLOW−£998mcash outflow during the June quarter
JUNE LIQUIDITY£5.9bnincluding undrawn facilities
The planned savings equal 9.4% of the five-year investment commitment. Protecting engineering and launch execution is therefore part of the return calculation.
Strategy target: JLR's June investor update. Cash and liquidity: Q1 FY27 release.
Stock MarketUS Stocks
Berkshire’s $10 Billion Alphabet Block Is Down $375 Million Despite Its 6.5% Discount
OMAHA, Nebraska, September 6, 2026, 3:54 a.m. CDT — Berkshire Hathaway Inc. negotiated a 6.5% discount on a $10 billion Alphabet purchase. That cushion…
The discount has not protected the block
Private-placement cost compared with the September 4 close.
Alphabet Class A · 14.212m shares
$351.81$338.46
−3.8% since purchaseAlphabet Class C · 14.360m shares
$348.20$335.31
−3.7% since purchaseCash paid$10.000b
Friday marked value$9.625babout $375m below cost
Transaction terms: Alphabet's SEC filing. Closing prices: GOOGL and GOOG. Mark-to-market calculation by TS2.
Berkshire shares did not follow the AI excitement
BRK.B daily closes across the latest 23 U.S. sessions.
The latest close was 2.5% below August 5 and 4.4% under the period high. Last regular trade at . Price record: S&P Global data via StockAnalysis.
Two AI exposures run on different clocks
One reprices every second. The other must be built and regulated.
Listed equity exposure$35.78bEstimated value of all 105.98m Alphabet shares at Friday's closes, if unchanged
5.2% below the June 30 filing value
Utility demand exposure11 GWData-center load contracted across BHE utilities
2.2 GW reached 2025 peak use; 4.5–5.7 GW projected for 2030
The stock stake delivers immediate price exposure. Grid demand delivers a slower return on physical capital, subject to customer ramp schedules and regulators.
Holdings: Berkshire's Form 13F. Power figures: BHE investor presentation. Current mark calculated by TS2 and assumes no later trades.
The balance sheet absorbs the mark
Scale against insurance-and-other cash and Treasury bills at June 30.
Cash and Treasury bills
$359.2b
Alphabet stake, Friday mark
$35.8b
BHE borrowings
$61.8b
The total Alphabet position equals about 10.0% of the liquidity base. BHE debt sits within operating subsidiaries and is not guaranteed by Berkshire.
Balance-sheet figures: Berkshire Q2 filing. Friday Alphabet value estimated by TS2.
NASDAQ:RGTIStock Market
Rigetti CFO’s $375,010 Sale Leaves His Stake Flat; the Stock Trades at 220× Revenue
BERKELEY, California, September 6, 2026, 1:34 a.m. PDT — Rigetti Computing Inc. disclosed an insider stock sale Thursday. Finance chief Jeffrey Bertelsen sold 25,000…
The sale was an option exercise in motion
Bertelsen's direct common-stock balance on September 3.
Before exercise168,067direct common shares
Exercise+25,000options at $0.60 each
Sale−25,000shares at a $15.0004 average
After both legs: 168,067 common shares — exactly the starting balance.
Source: Rigetti's SEC Form 4. The filing also reports 256,250 options remaining.
Rigetti lost the August earnings bounce
Daily closes across the latest 22 U.S. sessions.
Friday's close was 8.0% below August 6 and 19.2% below the August 14 peak. Last regular trade at . Source: S&P Global data via StockAnalysis.
The stock price carries a 220× revenue test
Approximate value bridge at Friday's close.
Equity value$5.073b$15.20 × 333.77m shares
Cash and investments$0.541bJune 30 balance
Approx. enterprise value$4.532bbefore other adjustments
220.5×Enterprise value divided by $20.552 million of annualized Q2 revenue. Annualizing one quarter is a scale comparison, not a forecast.
Sources: the latest share count, Friday's closing price and Rigetti's quarterly figures. Calculations by TS2.
Analysts price outcomes, not today's business
Recent published targets span more than two times the latest close.
$15.20Latest close
$18Low target
$28.71Average
$40High target
+18.4%to the low target
+88.9%to the average target
+163.2%to the high target
Rating counts and targets: Google Finance analyst data. Implied returns use Friday's $15.20 close and TS2 calculations. Targets are opinions, not guarantees.
NASDAQ:GOOGStock Market
Alphabet Stock Ends at $335 After Google Keeps AdX; the Remedy Math Is Still Sealed
NEW YORK, September 6, 2026, 4:05 a.m. EDT — Alphabet Inc. finished Friday at $335.31 after Google escaped a forced sale of its AdX…
The court bounce did not hold
Alphabet Class C daily closes across the latest 23 U.S. sessions.
Friday's close was 6.9% below August 5. Last regular trade at . Source: Yahoo Finance historical data. Prices are rounded.
One threat is gone. The operating rules are unseen.
The public outcome compared with each side's requested remedy.
Justice Department asked
Structural separation
RejectedSell AdX, phase out Google's control of DFP and place 50% of net AdX and DFP revenue in escrow during separation.Google offered
Interoperability changes
Partly unresolvedExpose real-time AdX bids to rival publisher servers, retire unified pricing rules and bar two auction advantages.Court disclosed
Behavioral remedy
Ordered, then sealedNo divestiture. The two-page notice says changes are coming; investors cannot yet see the full technical decree.Sources: the DOJ's revised remedies proposal, Google's counterproposal and AP's report on the court notice.
Alphabet reports the neighborhood, not AdX
Second-quarter 2026 revenue mix. The Google Network line is the nearest disclosed proxy.
$119.80 billion of quarterly revenue
$63.27b Search and other$11.06b YouTube ads$7.30b Google Network$38.17b Other operations
The missing line item
AdX revenue: undisclosedThe $7.30 billion Network category also includes AdMob and AdSense. It represented 6.1% of Alphabet revenue and 8.9% of Google advertising revenue.
Network revenue, year on year−0.7%
Network impressions−12%
Cost per impression+13%
Google ad revenue+14.4%
Source: Alphabet's quarterly filing. Percentages use company figures and TS2 calculations. Other operations are the remainder of total revenue.