California lawmakers failed to advance a wildfire liability reform proposal, sending PG&E and Edison International shares down 20% and 21% this week, respectively. PG&E said it will cut $2 billion from its 2027 capital spending plan to $11.4 billion and has launched a strategic review. CEO Patti Poppe said an investment-grade credit rating would allow the company to restore the reduced investment and lower financing costs.

Web Travel Group raised its 1H FY27 outlook, guiding for revenue growth of 14% to 16% versus a prior 11% to 15% range. It also said margins are expected to be at least 6.7%, up from 6.5%. The company lifted its underlying EBITDA forecast to $85 to $89 million from $80 to $86 million. UBS analysts remain bullish on the stock and set an upbeat price target.

Spot Ripple-linked XRP ETFs have posted net inflows for 11 consecutive trading sessions through September 1, including a $14.4M net inflow on September 1. The products now hold 1.7% of XRP’s current supply. They have not recorded a single day of net outflows since August 5. The trend suggests investors have been using regulated products to gain exposure to the asset.

Broadcom reported strong third-quarter results, with EPS up 96% and revenue up 86%, including a 221% year-over-year surge in AI semiconductor revenue. Its infrastructure software business grew 30% over the same period. For the fourth quarter, management guided for $34.8 billion in revenue and $21.7 billion in AI semiconductor revenue, while targeting a 66% adjusted EBITDA margin. Despite the beat, the stock fell in after-hours trading, even as its forward P/E is described as attractive.

SoftBank’s SB Energy has filed for an IPO and is seeking to raise between $5 billion and $7 billion, with trading potentially starting in September. The company said it is “substantially dependent” on OpenAI, which is both a major tenant and an equity investor. SB Energy reported a net loss of approximately $3.2 billion in the first six months of 2026 on revenue of about $139 million, largely from its legacy energy operations.

Snowflake released its Q2 results, reporting revenue and profit that beat market expectations by a wide margin. The company also issued forward guidance that came in well above Wall Street estimates. Snowflake shares jumped following the release.

Broadcom reported fiscal 2025 third-quarter results with revenue of $29.59 billion, up 86% year over year, and adjusted EPS of $3.32, both ahead of expectations. The company’s next-quarter guidance came in below investors’ highly optimistic forecasts, pushing the stock down more than 3% in after-hours trading. The shares are up about 1% year to date, trailing the PHLX Semiconductor Index’s 64% gain.

Hewlett Packard Enterprise reported third-quarter results that beat market expectations for both revenue and earnings, supported by strong expectations for growth in its AI infrastructure business. After the report, the stock traded unevenly rather than moving in a clear direction. The choppy reaction suggested investors were still divided as they digested the positive news.