Noom Expands Board of Directors with Appointment of Global Health Leader Dr. David Luu

Nvidia reported $99bn in equity investments as of July 26, a significant increase from $7bn a year earlier. The investments include $48bn in public stocks, such as Intel and SpaceX, and $48bn in private companies. Nvidia's CFO stated these investments support growth and ecosystem development, but analysts note they also provide influence over innovation paths. Nvidia's revenue reached $96.2bn in Q2, with net income at $59.7bn, highlighting the scale of its equity portfolio.

Adobe (ADBE) announced Anil Chakravarthy as its new CEO, replacing Shantanu Narayen after 18 years. The change comes amid AI disruption and a 21% stock decline in 2025, with shares falling 7% on the news. Adobe faces challenges from generative AI and competition, with mixed analyst views on its future. The company will report Q3 earnings on Sept. 10, with investors watching for AI strategy and financial performance.

Bitmine acquired 53,501 ETH, increasing holdings to 5.9M. Staking rewards may help reach 5% Ethereum target, needing ~74% retention over 2 years. Ethereum supply growth complicates the goal. Bitmine's strategy depends on retaining staking rewards for growth or converting them for expenses and dividends.

Equinor awarded Emerson Electric (EMR) a 13-year deal for measurement technologies and services, reinforcing their long-term partnership. The agreement supports Emerson's focus on automation and software growth, but investors should consider potential risks from legacy energy markets and global demand. Analysts expect $22.4B revenue and $4.2B earnings, though the deal's impact on these figures is uncertain.

Fervo Energy (FRVO) shares rose 7.3% to $18.41 after Google signed a 396-MW geothermal deal, the largest of its kind. Analysts see 139% upside to $44. Institutional investors increased stakes in Q2. Fervo aims to complete the Utah facility by 2028.

ICICI Bank raised $17.88 billion under RBI's FCNR(B) scheme by 31 August, up from $3.7 billion in July. The bank used these deposits for $9 billion in loans and $3.63 billion in guarantees. RBI's scheme aims to attract foreign currency inflows and support India's external finances, with total inflows reaching $36.7 billion.