Ardmore Shipping Corporation (NYSE:ASC) Raises Dividend to $0.39 Per Share

Ardmore Shipping (NYSE: ASC) said it exercised options for two additional 40,500 dwt Handysize product/chemical tankers at Wuhu Shipyard, expanding an original order to four vessels total on the same terms. Deliveries are expected from late 2028 onward. The company also secured two more options at similar terms.

The article says the IRGC assessed a U.S.-Iran war risk as “low,” which it says contributed to a drop in crude oil prices. Louis Navellier says energy and tanker stocks remain attractive, citing strong forecast sales/earnings and longer routes and Strait of Hormuz bottlenecks. It also notes Elbit Systems Q1 revenue rose 15.5% to $2.189B, beating expectations, and Micron’s UBS price target was raised to $1,625.

Nancy Pelosi's spouse reportedly acquired 10,000 Intel shares and 50 call options, and 15,000 Bloom Energy shares and 200 call options in July. Intel reported Q2 revenue of $16.1B, up 25%, while Bloom Energy saw Q2 revenue surge 166% to $1.07B, raising full-year guidance to $3.9B-$4.2B.

Nvidia (NVDA) is in talks to invest in Perplexity at a valuation above $30B, a 50% increase from its prior $20B valuation. Perplexity's revenue grew from under $250M to over $750M this year, driven by its Perplexity Computer product. The company plans a 2028 IPO, backed by Nvidia, Jeff Bezos, and SoftBank.

Peter Thiel's hedge fund, Thiel Macro, reported a $418.7M portfolio, with seven of eight positions in energy companies, including Vista Energy, Vistra, and American Electric Power. The fund's largest holding is Amazon, at $118M, 28% of the portfolio, betting on AI-driven electricity demand.

Target Corp. (TGT) appointed Chandhu Nair as its first chief AI officer to enhance revenue, reduce costs, and promote growth. The move follows industry peers like Ralph Lauren (RL) and Dollar General (DG). Target aims to integrate AI into operations, similar to its early adoption of barcode technology. CEO Michael Fiddelke noted AI agents may shop for humans in the future, with barcodes playing a role in tracking physical products.