Weekly AI Update The AI chip gold rush has a new banker worth $2.4B Volta Infra, a brand new AI cloud startup, just raised $300 million plus $5 billion in financing to help more companies afford Nvidia's pricey chips, not just the tech giants. Backed by Nvidia, Michael Dell, Andreessen Horowitz, and Altimeter, it has already locked in a $10 billion contract to supply cloud capacity to an unnamed AI developer over six years. The bet is that whoever solves AI's financing problem wins, though critics warn of risky circular deals and a coming shakeout. Google's $1.5B play for Mechanize could finally fix its coding AI problem Google is reportedly in talks to pay around $1.5 billion to license technology from Mechanize, a young AI startup building simulated environments and benchmarks to train coding agents, while also hiring some of its top evaluation experts. The move fits a familiar Google playbook of striking talent and licensing deals that sidestep antitrust scrutiny, much like its earlier tie-ups with Windsurf and The goal is clear: close the gap with Anthropic's Claude Code and OpenAI's Codex, which have pulled ahead in the fast growing market for AI coding tools. Anthropic wants to build its own chips to run Claude faster and cheaper Anthropic confirmed it is assembling a custom silicon team to design its own AI chips, hiring engineers who will develop hardware and models together so Claude can run faster and at greater scale. The move puts it alongside OpenAI, Google, and Meta, all of which have pushed into custom chips, though building an advanced one can cost close to half a billion dollars. It is the latest piece of a massive infrastructure push that also includes a $15 billion Texas data center campus and deals with $AMZN, $NVDA, $AMD, and Samsung.

Bearish on the memory trade for the day? The T-REX 2X Inverse $DRAM Daily Target ETF, $RAMZ lets traders act on that view for a single session, seeking -2X of the Roundhill Memory ETF (DRAM)'s daily move. View the fund page and disclosures:

Now trading: three new T-REX 2X Long Daily Target ETFs — 2X daily long exposure to three names powering loud and AI infrastructure. Live today. $AKAL — Akamai Technologies ($AKAM) — the cloud security and content delivery company that powers and protects much of the internet. $OCNL — DigitalOcean ($DOCN) — the cloud computing platform built for developers, startups, and growing businesses. $PENU — Penguin Solutions ($PENG) — the AI and high-performance computing infrastructure company. View the fund prospectuses here:

Now trading: three new T-REX 2X Long Daily Target ETFs — 2X daily long exposure to three names powering loud and AI infrastructure. Live today. $AKAL — Akamai Technologies ($AKAM) — the cloud security and content delivery company that powers and protects much of the internet. $OCNL — DigitalOcean ($DOCN) — the cloud computing platform built for developers, startups, and growing businesses. $PENU — Penguin Solutions ($PENG) — the AI and high-performance computing infrastructure company. View the fund prospectuses here:

Distribution News for REX IncomeMax™ Option Strategy ETF Holders! Pay date: 08/7/2026 Amount: $0.100 $ULTI Prospectus: ULTI Fund Info and Standardized Performance:

$SNDK reported fiscal Q4 earnings after the bell: Non-GAAP EPS: expected $34.52, reported $39.25 Beat: +13.7% Revenue: expected $8.39B, reported $8.97B Beat: +6.9% Highlights from the report: • Revenue up 51% sequentially — approximately one-third from higher volumes, two-thirds from higher pricing • Fiscal year 2026 revenue $20.25B, up 175% YoY; Datacenter up 437% • Five additional New Business Model agreements signed since the April call, including three with new customers • Board approved an additional $14B repurchase authorization, bringing total remaining authorization to $15.5B • Q1 2027 guidance: revenue $10.30B-$10.80B, Non-GAAP EPS $44.00-$46.00

SanDisk made more gross profit last quarter than in its last three fiscal years combined. Three years: $3.71B. One quarter: $4.66B. $SNDK reports fiscal Q4 after the bell tonight.

$RDW reports earnings after the bell today: Q2 EPS: -$0.13 est. Q2 Revenue: $107.66M est., up from $61.76M YoY $RDWU offers 2X daily long exposure to $RDW, from the T-REX Daily Target ETF lineup. Fund details:

Another Wednesday. Another payout. Our Growth & Income Suite offers access to ETFs with the potential for income on a weekly distribution schedule. Annualized Distribution Rates: $NVII – 51.50% 30-Day SEC Yield: 2.84% Return of Capital (ROC): 97.20% $TSII – 52.65% 30-Day SEC Yield: 3.71% Return of Capital (ROC): 97.60% $WMTI – 37.71% 30-Day SEC Yield: 2.99% Return of Capital (ROC): 93.20% View each fund’s prospectus here: NVII & TSII Prospectus: WMTI Prospectus: NVII Fund Info and Standardized Performance: TSII Fund Info and Standardized Performance: WMTI Fund Info and Standardized Performance: *As of 8/3/26. The Distribution Rate is the annual yield an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by fifty-two (52), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. **As of 7/31/26. The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period. NVII, TSII, MSII, COII, HOII, LLII, CWII, PLTI, & WMTI's current distributions consist of 100% estimated return of capital (ROC). For full details on the composition of distributions, please refer to the latest 19a-1 notices. The REX NVDA Growth & Income ETF, the REX TSLA Growth & Income ETF, the REX MSTR Growth & Income ETF, the REX COIN Growth & Income ETF, the REX HOOD Growth & Income ETF, the REX LLY Growth & Income ETF, the REX CRWV Growth & Income ETF, the REX PLTR Growth & Income ETF, and the REX WMT Growth & Income ETF have a gross expense ratio of 0.99%. There is no guarantee that the Funds will be successful in their attempt to provide leveraged exposure to the underlying stocks or pay weekly distributions. The Funds are not suitable for all investors. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling 1-844-802-4004. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.

$SMR reports earnings after the bell today: Q2 EPS: -$0.13 est., flat vs -$0.13 YoY Q2 Revenue: $11.91M est., up from $8.05M YoY $SMUP offers 2X daily long exposure to $SMR, from the T-REX Daily Target ETF lineup. Fund details:

$SNDK reports earnings after the bell today: Fiscal Q4 EPS: $34.52 est., up from $0.29 YoY Fiscal Q4 Revenue: $8.39B est., up from $1.90B YoY $SNDU offers 2X daily long exposure to $SNDK, from the T-REX Daily Target ETF lineup. Fund details:

$GLXY reported Q2 earnings before the bell: EPS: expected -$0.24, reported -$0.09 Beat: +62.50% Highlights from the report: • Net loss of $85M, attributed primarily to digital asset price depreciation in the quarter • Data Centers adjusted gross profit of $20M, up from $3M in Q1'26 • All 133 MW of critical IT load under the $CRWV Phase I lease delivered in the quarter • Post-quarter: three new Texas sites acquired, total power pipeline over 5.7 GW

$CRCL reported Q2 earnings before the bell: EPS: expected $0.16, reported $0.18 Beat: +12.50% Revenue: expected $713.32M, reported $701.32M Miss: -1.68% Highlights from the report: • USDC in circulation of $73.3B at quarter end, +19% YoY • USDC onchain transaction volume of $14.8T, +151% YoY • Total revenue and reserve income of $701M, +7% YoY • Reserve income $667.7M; other revenue $33.6M, +41% YoY • Net income from continuing operations of $48M • Adjusted EBITDA of $143M, +8% YoY