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knocking the stock down $5. Nvidia Corp. gave a revenue forecast of roughly $54 billion for the fiscal third quarter, in line with the average Wall Street estimate. The company's leadership rejected the notion that interest in deploying AI infrastructure was flagging, with Chief Executive Officer Jensen Huang saying "the opportunity ahead is immense". Nvidia approved an additional $60 billion in stock buybacks and said it sees $3 trillion to $4 trillion in AI infrastructure spend by the end of the decade.

The US economy expanded in the second quarter at a slightly faster pace than initially estimated on a pickup in business investment and an outsize boost from trade. Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased at a 3.3% annualized pace, the second estimate from the Bureau of Economic Analysis showed Thursday. That is compared with an initially reported 3% increase. Business investment expanded at a 5.7% pace after surging in the first quarter. The latest figure was stronger than the 1.9% initially reported and reflected an upward revision to investment in transportation equipment and the strongest advance in intellectual property products in four years.

in June, and 7% YOU on a signed contract basis. Sales only rose in the West. Some 15% of contracts were cancelled before closing, the highest on record, likely because borrowers failed to show adequate incomes.

Michael Saylor's Bitcoin experiment is facing a market backlash, raising questions about the sustainability of the corporate-treasury model he pioneered. Strategy Inc.'s new preferred stock has drawn tepid demand, and the company has returned to common-share issuance, despite earlier pledges to limit dilution, which has rattled investors. The decline of Strategy's premium could unravel confidence in the model, which has inspired a wave of treasury firms that collectively hold more than $108 billion worth of Bitcoin's supply. Sell (MSTR) on rallies.