
Gilead Sciences to Release Second Quarter 2025 Financial Results on Thursday, August 7, 2025
A live webcast will be available in the Investors section of www.gilead.com and will be archived there for one year.
About Gilead Sciences
Gilead Sciences, Inc. is a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, with the goal of creating a healthier world for all people. The company is committed to advancing innovative medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis, COVID-19, and cancer. Gilead operates in more than 35 countries worldwide, with headquarters in Foster City, California.

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Globe and Mail
7 hours ago
- Globe and Mail
After Soaring 40% in July, Is It Too Late to Buy This Supercharged Quantum Computing Stock?
Key Points Rigetti Computing announced a breakthrough with its multichip system. 2030 is a key turning point for quantum computing. 10 stocks we like better than Rigetti Computing › Rigetti Computing (NASDAQ: RGTI) has had a phenomenal July, with the stock up around 40% at the time of writing, although it was up around 50% just a few days ago. Most investors would be pleased with that return over a multiyear time frame, let alone one year. However, considering the reason behind Rigetti Computing's rapid rise, this could be the beginning of an even larger movement. Last week, Rigetti announced a breakthrough with its Ankaa-3 system, which caused shares to soar on the announcement. This spike wasn't for nothing. Rigetti announced a real breakthrough that could vault it into the leadership position in the quantum computing race. Rigetti's breakthrough shows it's on the right track Rigetti Computing announced that its Ankaa-3 system, which is composed of four 9-qubit chips, achieved a 99.5% two-qubit gate fidelity. This means that when a two-gate calculation is run, the computer delivers the correct answer 99.5% of the time. While this sounds impressive, it's still several orders of magnitude away from the accuracy of traditional computing, which is the fundamental problem companies in the quantum computing race are facing. Instead of bits that use a 0 or 1 to transmit information, quantum computers utilize qubits, which are better described as the probability of an answer being a 0 or a 1. While the information collapses to a 0 or a 1 at the end of a computation, this can lead to some errors, which is why increasing accuracy is a key problem that these quantum computing companies must solve. According to Rigetti Computing, its system is the largest multichip quantum computer available, vaulting it into a leadership position in this regard. However, there are several competitors with better two-qubit gate fidelity scores, so Rigetti Computing still has some work to do in this area. Regardless, Rigetti Computing has made a significant breakthrough, demonstrating progress toward the practical relevance of quantum computing. However, how long will investors have to wait before it becomes a reality? Rigetti's stock is a high-risk, high-reward investment Prior to 2030, Rigetti Computing estimates that the annual demand will range from $1 billion to $2 billion, mostly driven by research institutions. After 2030, this market is expected to experience significant growth, with annual demand projected to reach $15 billion to $30 billion. The 2030 date isn't unique to Rigetti Computing; nearly every other quantum computing competitor has circled this date as a turning point within the quantum computing industry. That's a long time from now, but is the market opportunity worth buying and holding a stock like Rigetti's? Currently, Rigetti Computing has a market capitalization of approximately $5 billion. If it can capture a fraction of the market opportunity by 2030, say $2 billion, then its stock easily has room to double, if not triple, from today's prices. A double or triple in the investing world over a five-year time frame is a phenomenal return, making this an attractive investment opportunity. However, there is another factor investors must be aware of. Rigetti Computing's technology may fail in the future or be surpassed by another company offering similar technology. Because there is no backup plan for Rigetti Computing, this could cause the stock to fall to zero. Investors must be aware of the risk-reward profile with Rigetti's stock, as it could become worthless as easily as it doubles or triples. As a result, quantum computing investors should ensure that a single company doesn't make up more than a 1% position within a portfolio. That way, if it goes to $0, it won't have as significant an impact on your returns. But if it doubles or triples, it can still have a sizable impact. Time will tell if Rigetti Computing's strategy is a winning one, but its latest breakthrough shows investors that it's on the right track. Should you invest $1,000 in Rigetti Computing right now? Before you buy stock in Rigetti Computing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Rigetti Computing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025


Globe and Mail
7 hours ago
- Globe and Mail
1 Super Artificial Intelligence (AI) Stock Billionaire Bill Gates Has 25% of His Foundation's Portfolio Invested In
Key Points The Gates Foundation holds a substantial number of Microsoft shares. Microsoft has become a top player in offering artificial intelligence models. However, the stock is starting to appear somewhat pricey compared to its peers. 10 stocks we like better than Microsoft › Bill Gates is a well-known entrepreneur, having co-founded Microsoft (NASDAQ: MSFT) in the mid-1970s. This made him a fortune, and he constantly ranks among the richest people in the world. He established the Gates Foundation Trust, one of the world's most well-funded foundations. By examining its holdings, investors can gain insight into what one of the world's brightest minds considers top stock picks, and they've identified an AI stock that has been a stellar performer in recent years. In fact, the stock has more than doubled since the start of 2023 alone. What is this stock? It's none other than Microsoft. Microsoft is the foundation's top holding This really shouldn't come as a surprise to anyone. Bill Gates runs the fund, so he will fill it with a company that he thinks will succeed. Most of this stock was donated from Gates' wealth; however, if the foundation didn't think Microsoft was set to succeed, they would have sold it a long time ago and moved on to something else. About 25% of the foundation's worth is tied up in Microsoft stock, valued at around $10.7 billion. That's a concentrated bet for a charitable foundation, but it has worked out well with Microsoft's recent success. Microsoft has emerged as a top AI pick due to its role as a facilitator in the space. It isn't developing its own generative AI model; instead, it's offering many of the leading ones on its cloud computing platform, Azure. Developers can choose from OpenAI's ChatGPT, a leading option, Meta Platforms' Llama, DeepSeek's R1 (a more affordable alternative from China), or xAI's Grok, a company founded by Elon Musk. By offering a wide range of generative AI models, Microsoft isn't locking its clients into a single provider. This has made Azure a top choice for building AI models on, which is why it has outgrown its peers in recent quarters. We'll get an update on how the other cloud computing providers -- namely Alphabet 's Google Cloud and Amazon 's Amazon Web Services (AWS) -- in the next few weeks, but I'd be shocked if Azure isn't growing quicker than they are. Azure has become a top platform for building AI applications, but has it done enough to make Microsoft a top buy now? Microsoft's stock is starting to look a bit pricey for its growth If Microsoft derived all of its revenue from Azure, I'd be a buyer at nearly any price. However, Microsoft has other product lines that aren't growing as quickly, which slows the company's overall growth pace. In its latest period -- the third quarter of fiscal 2025 -- overall revenue rose to $70.1 billion at a 13% pace. While Microsoft doesn't break out the revenue generated by Azure, we know from prior information that it accounts for over half of the Intelligent Cloud division, which brought in $26.8 billion during Q3 (ending March 31). They do provide Azure's growth rate, which was Microsoft's top-performing division in Q3, rising 33% year over year. Microsoft's diluted earnings per share also rose an impressive 18%, but is that fast enough to justify its valuation? Microsoft trades at nearly 40 times trailing earnings, which is a very expensive price tag and exceeds its recent highs reached during the AI arms race period. MSFT PE Ratio data by YCharts Wall Street analysts project $15.14 in earnings per share for fiscal 2026 (ending June 30, 2026), which indicates the stock trades at 33.7 times forward earnings. That's still a high valuation, and investors need to start being a bit cautious when stocks reach that level, especially when they're growing at Microsoft's pace. Yes, Microsoft is growing faster than the market, but it's not growing as fast as some of its peers. Take Meta Platforms, for example. It trades at 28 times trailing earnings and grew revenue at a 16% pace during its last quarter with 36% earnings-per-share growth. That's a cheaper stock growing faster, which should cause Microsoft investors to question whether it's the best big tech stock to be in right now. Numerous other big tech stocks have better growth numbers and cheaper valuations than Microsoft. Although it's a dominant company, it's starting to look a bit expensive compared to its peers. Should you invest $1,000 in Microsoft right now? Before you buy stock in Microsoft, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Microsoft wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Keithen Drury has positions in Alphabet, Amazon, and Meta Platforms. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.


Globe and Mail
8 hours ago
- Globe and Mail
5 Reasons to Buy Nvidia Stock Like There's No Tomorrow
Key Points AI spending continues to grow robustly, creating greater demand for Nvidia's GPUs. Nvidia continues to dominate the AI chip market. New markets and technological advances present tremendous growth opportunities for Nvidia. 10 stocks we like better than Nvidia › Why should you not invest in Nvidia (NASDAQ: NVDA) right now? You'd definitely be late to the party buying shares of a company with a market cap of $4.2 trillion. Other stocks could have better growth prospects. Nvidia is also expensive, with a forward earnings multiple of over 38. I'm not going to focus on the bear case for Nvidia, though. The bull case looks even more compelling. Here are five reasons to buy Nvidia stock like there's no tomorrow. 1. AI spending is growing Any concerns that spending on artificial intelligence (AI) by cloud service providers and other customers would slow have evaporated. Alphabet gave more proof in its second-quarter update. The company raised its full-year capital expenditure guidance by $10 billion. This increase is due to Google Cloud investing in servers and data centers to meet rapidly growing demand. We haven't heard Amazon 's and Microsoft 's quarterly updates yet. However, I'd be surprised if their stories aren't similar to Google's. And when these cloud titans are investing more in servers and data centers, you can bet that a lot of the money will go to buy chips from Nvidia. 2. Continued GPU dominance There's a simple reason why customers are still turning to Nvidia: Its graphics processing units (GPUs) continue to dominate the AI market. Even with Google developing its tensor processing units (TPUs) and Amazon deploying its Inferentia and Trainium chips, Nvidia's seat on the throne remains secure. Blackwell, Nvidia's newest GPU architecture, has delivered the fastest commercial ramp-up in the company's history. In the first quarter of fiscal 2026, Blackwell GPUs generated almost 70% of Nvidia's data center compute revenue. Keep in mind that these chips began shipping in significant volumes just earlier this year. 3. The CUDA moat Can Nvidia sustain its grip on the AI chip market? It seems likely, thanks to what some refer to as the company's "CUDA moat." CUDA (which stands for Compute Unified Device Architecture) is Nvidia's proprietary platform that allows programmers to use its GPUs. This architecture has been around for years, with millions of programmers using it. There's also an extensive library of code that's optimized for Nvidia's GPUs. The bottom line is that Nvidia's competitive advantage in AI chips probably won't disappear as long as the CUDA ecosystem remains strong. 4. Expanding into new markets Nvidia has a successful track record of expanding into new markets. The company started out making chips for gaming systems before recognizing that its GPUs were ideal for powering AI models. It continues to move into new markets. For example, Nvidia's Omniverse platform, which enables the creation of 3D simulations and digital twins, is already used by multiple major corporations. I suspect it could be a bigger growth driver in the future than meets the eye. The company's Drive platform should also enable it to profit as autonomous vehicles become more widely adopted. Nvidia CEO Jensen Huang recently told shareholders that robotics represents the company's largest opportunity after AI. And while Huang seemed to pour cold water on expectations for quantum computing earlier this year, he stated at a conference in June that the technology "is reaching an inflection point." Unsurprisingly, Nvidia is investing heavily in quantum computing. 5. Tomorrow will be more exciting than today Perhaps the most important reason to buy Nvidia stock like there's no tomorrow is that there will be a tomorrow -- and it will almost certainly be more exciting than today. The advancement of AI over the next few years, including the advent of AI agents and potentially artificial general intelligence (AGI), could turbocharge the demand for Nvidia's GPUs. So could the proliferation of humanoid robots. Huang told analysts on Nvidia's Q1 earnings call, "The age of AI is here. From AI infrastructures, inference at scale, sovereign AI, enterprise AI, and industrial AI, Nvidia Corporation is ready." I think he was right. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Keith Speights has positions in Alphabet, Amazon, and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.