Wake Up With Breakfast News!

Wake up to the latest market news, company insights, and a bit of Foolish fun -- all wrapped up in one quick, easy-to-read email, called Breakfast News. Delivered at 7:30 a.m. ET every single market day. See an example of our weekday Breakfast News email & sign-up below.

Loading image...

Market Data Table

Breakfast News: Meta Testing New All-Seeing AI

July 8, 2026

Tuesday's Markets
S&P 500 7,504 (-0.45%)
Nasdaq 25,819 (-1.16%)
Dow 52,925 (-0.25%)
Bitcoin $63,697 (+0.11%)

Loading raw_html...

Chart showing Meta Platforms' gross profit over the past five years gradually rising from a little over $20 billion in the second half of 2021 to $46 billion in the first quarter of 2026.

1) Report: Meta's "Super Sensing" Glasses Begin Tests

Meta Platforms (NASDAQ:META) -- recommended by both Team Hidden Gems and Team Rule Breakers -- has reached the prototype testing stage with its new generation of artificial intelligence (AI) glasses, reports the Financial Times. The new devices are designed to continuously track everything the wearer sees and hears, with Meta providing an AI tool to analyze and query those experiences.

"A personal agent that's with you all day long, helping you remember things and achieve your goals": CEO Mark Zuckerberg spoke of the technological direction when first-quarter results came out in April, telling us, "We're on track to deliver personal superintelligence to billions of people."
Privacy challenges ahead: The report suggests the new glasses will not light an LED when they're recording, raising concerns for other people being potentially recorded. In one proposal, raw data would not be stored -- only metadata and extracted images, to be used in AI queries.

Loading paragraph...

2) Global Chip Wars Heating Up

DeepSeek is developing its own in-house AI processor, according to Reuters, intended to reduce the Chinese AI developer's reliance on Nvidia (NASDAQ:NVDA) and Huawei. The new chip is intended for the inference phase of AI once a model has been trained, and the development is in line with Beijing's plans to minimize the country's dependence on critical U.S. semiconductor technology.

"Vera really stood out to us ‌as just like a dead-on fit": AI start-up Perplexity, meanwhile, said it will use Nvidia's new central processing units (CPUs), as Vice President Nate Kupp added that they're ideal "for a lot of the core workloads that we have." Nvidia has already noted OpenAI, Anthropic, and Oracle (NYSE:ORCL) as intended Vera users and predicts $20 billion in sales from the chips this fiscal year.
Apple makes moves for Chinese memory: Apple (NASDAQ:AAPL) is testing DRAM chips from ChangXin Memory. The move comes as the company seeks U.S. government permission to use more CXMT products.

Loading paragraph...

3) What to Watch Today: Markets, LEVI, PSMT, and AZZ

S&P 500 and Nasdaq futures slid around 1% in early trade, as President Donald Trump declared the ceasefire over after U.S. forces carried out powerful strikes against Iran late Tuesday in response to attacks on three commercial vessels in the Strait of Hormuz.

Levi Strauss (NYSE:LEVI) is scheduled to report second-quarter earnings today, with management expecting revenue growth of between 4% and 5% year over year in the new quarter -- and that's after $30 million in shipments were already moved to the previous quarter. Continued tariff benefits could boost profits.
PriceSmart (NASDAQ:PSMT) will give investors insight into consumer spending across its Latin American warehouse outlets, with a Q3 update expected after today's closing bell -- after Q2 saw the company's 12-month membership loyalty renewal reach 90%. News on new outlets in Chile and the Dominican Republic could feature.
AZZ (NYSE:AZZ) -- recommended by Team Hidden Gems -- will report Q1 earnings after the market closes today. The metal coatings developer posted record sales in fiscal Q4, helped by rising infrastructure demand, and analysts are looking for sales of $434.6 million in the latest quarter. Watch for data center trends and possible acquisition developments.

Loading paragraph...

4) Quotes for the Next Bear Market

Anthony Schiavone

I think it's important for investors to prepare mentally and psychologically before a downturn hits. So, with that in mind, here are a few of my favorite quotes to help you and me navigate the next bear market, whenever it inevitably arrives.

"History provides a crucial insight regarding market crises: they are inevitable, painful and ultimately surmountable." -- Shelby M.C. Davis
"In the middle of difficulty lies opportunity." -- Albert Einstein (allegedly)
"If you are going to be a net buyer of stocks in the future...you are hurt when stocks rise. You benefit when stocks swoon." -- Warren Buffett

Loading paragraph...

5) Today's Take: New CEO, Now What?

For some of the companies with star CEOs who are credited with a turnaround or successful business progression, there is a team of C-suite executives handling the operational and financial aspects of the business. -- Sanmeet Deo, Team Rule Breakers
The short answer is that it largely depends on two key factors -- the quality of the departing CEO and the quality of succession planning that took place before the transition happened. The ideal recent case is Berkshire Hathaway (NYSE:BRKB). -- Matt Frankel, Team Hidden Gems

Loading paragraph...

6) Your Take

Gerber Kawasaki CEO Ross Gerber called the recent chip-stock pullback "a gift" for long-term buyers, arguing sellers are "captured by very short term thinking." Writing on X, he described semiconductors as "some of the least expensive stocks in the market" and the weakness as "a gift for those who want to retire," singling out Nvidia, Micron (NASDAQ:MU), and Broadcom (NASDAQ:AVGO) as attractive after the dip.

If your portfolio comprised just these three companies and you bought each of them at the start of the year with the same amount of money and had to buy more shares in one, completely close your position in another, and hold the final stock, what are you choosing to do and why?

Debate with friends and family, or become a member to hear what your fellow Fools are saying!

Loading paragraph...