
Oil Price Forecast: Strait of Hormuz Risks Keep WTI and Brent Near Key Breakouts
Oil prices remain supported by Strait of Hormuz tensions, but rising U.S. inventories may limit gains as WTI and Brent approach important breakout levels.
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Oil prices remain supported by Strait of Hormuz tensions, but rising U.S. inventories may limit gains as WTI and Brent approach important breakout levels.

Nvidia guided to fiscal second-quarter revenue of $91.0 billion, plus or minus 2%, implying a top end near $92.8 billion. Analysts' average estimate sits near $91.9 billion, just above the midpoint of the company's own range.

The Model Y L fills a major gap in Tesla's lineup. Six seats could attract more family-focused EV buyers.

Nvidia stock (NVDA) edged 0.1% lower in early Wednesday trading as investors looked ahead to the chipmaker's August 26 earnings report and weighed reports that Chinese customers may receive additional shipments of its H200 processors. The move followed a 2.3% decline on Tuesday amid a broader selloff in semiconductor stocks.

Opening arguments have begun in Oakland in the youth-safety trial brought by California and other state attorneys general against Meta Platforms (NASDAQ:META | META Price Prediction), which is expected to run for about seven weeks.

Amazon hopes to offer drone deliveries in nearly 500 U.S. communities by year-end. That will mark a sixfold increase for Amazon's Prime Air service, the company announced Wednesday (Aug. 19), as it targets metro areas such as Chicago, Cleveland and Atlanta.

Meta's Q2 revenue rose 28% to $60.8 billion, while ad impressions increased 14% and average ad pricing gained 12%. AI ranking improvements lifted Facebook ad clicks 8.3% and conversions 15.7%, demonstrating tangible returns from Meta's infrastructure spending. Advantage+ reached a $75 billion annual revenue run rate, while 9 million small businesses now use Meta AI creative tools.

Amazon is planning to offer drone deliveries in nearly 500 U.S. cities and towns this year. The company has quietly expanded to more metro areas in recent months after receiving a key regulatory greenlight enabling longer-range deliveries.

Nvidia CEO Jensen Huang is entering his social media era, using X to explain the AI ecosystem. His early lesson plan maps closely onto Nvidia's business interests.

Microsoft is showing investors that its massive AI spending can become more efficient and profitable, not just bigger. Its own chips and models could lower costs and reduce Microsoft's dependence on OpenAI, giving it more control over the AI business.

Shares of Apple (NASDAQ:AAPL | AAPL Price Prediction) closed higher Tuesday even as the broader Nasdaq sold off, finishing the session up 1.5% at $310.03.

California Attorney General Rob Bonta said Tuesday that a federal child safety trial he's co-leading against Meta centers around "civil penalties, restitution and distortion." "This is not a damages case," Bonta said during a press conference following opening arguments on the first day of a trial that could last up to seven weeks.

An analyst is looking past financing risks and noting that Nvidia could appeal to investors through its enhanced share buybacks.

Apple stock (NASDAQ: AAPL) could have roughly 31% upside after Rothschild & Co Redburn upgraded the shares to Buy from Neutral and raised its price target to $400 from $260. Rothschild & Co Redburn upgraded Apple to Buy from Neutral and lifted its price target to $400 from $260.

Apple consistently generates higher absolute revenue totals across its established global operations, while CoreWeave exhibits a faster relative growth rate from a much smaller initial baseline. Apple displays cyclical quarter-over-quarter revenue fluctuations that typically peak during the end of the calendar year, while CoreWeave shows continuous quarter-over-quarter sequential increases across all recently reported quarters.