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Lisa Su brushes off Musk's Nvidia commitment as AMD stock sinks after earnings
AMD CEO Lisa Su downplayed Elon Musk's endorsement of Nvidia chips as AMD shares fell 7% despite the chipmaker beating Q2 revenue expectations and guiding for over 100% data center growth.
SpaceX stock falls 13% as AI spending surge rattles investors and massive share unlock looms
SpaceX shares plunged 13.6% after the company's first earnings report as a public company revealed a sixfold jump in Q2 capital expenditures to $18.4 billion, driven largely by AI infrastructure spend
SpaceX shares sink after first earnings report reveals huge AI spending plans
SpaceX shares dropped 9% after the company's first-ever earnings report showed quarterly spending ballooning to $18.3bn — roughly six times year-ago levels and driven largely by AI — despite revenue n
S&P 500 Hits New Record on 5-Day Earnings Rally
The S&P 500 opened at a fresh record on Tuesday, extending a five-day winning streak fueled by blockbuster earnings from Disney and Eli Lilly, easing Iran tensions, and falling oil prices.
Stock bears obliterated as Nasdaq 100 logs top 10 bullish stat of past decade
Stocks ripped higher Tuesday as the Nasdaq 100 posted one of its 10 most bullish sessions of the past decade, with a short-covering and call-buying frenzy so intense the VIX rose alongside equities.
Uber beats Q2 EPS by a penny as gross bookings jump 24%
Uber's Q2 adjusted EPS of 81 cents edged past the 80-cent consensus as gross bookings surged 24% to $58 billion, but shares slid 3% as investors zeroed in on robotaxi competition and a year-to-date de
Saudi wealth fund and Jared Kushner's Affinity finalize $55 billion EA Sports deal
A consortium led by Saudi Arabia's Public Investment Fund, alongside Silver Lake and Jared Kushner's Affinity Partners, completed its $55 billion takeover of Electronic Arts on Tuesday, delisting the
Ken Griffin's Citadel posts best month in years after scooping up Situational Awareness stocks
Citadel recorded its best monthly performance since 2022 across major funds in July, boosted partly by purchasing discounted assets from the collapse of former OpenAI researcher Leopold Aschenbrenner'
Circle shares fall 3% despite earnings beat as stablecoin issuer misses on revenue
Circle Internet shares fell about 3% in premarket trading after the stablecoin issuer's Q2 revenue of $701 million missed Wall Street's $712 million estimate, even as adjusted earnings beat expectatio
Citadel's Discounted Situational Bet Already Pays Off
Citadel snapped up discounted shares of the collapsed AI hedge fund Situational Awareness, and the position is already paying off amid the firm's high-profile meltdown.
S&P 500 Sets Record as AI Trade Roars Back
The S&P 500 closed at a fresh all-time high of 7,736.52 as Palantir's 29.5% surge and blowout earnings from Microsoft, Amazon, and Alphabet reignited the AI trade, erasing concerns about war, oil pric
The software group Palantir paid just £2M in corporation tax in the UK in 2024
Palantir paid just £2.1m in UK corporation tax in 2024 despite earning £247m in revenue and holding major public contracts, as its global effective tax rate remains at 1.4% due to profit shifting and
Kospi's 40% Crash: Leverage Lessons for Indian Investors
South Korea's Kospi plunged roughly 40% from its June peak in six weeks as leveraged ETFs and Samsung-SK Hynix concentration amplified losses. With India's MTF book now crossing ₹1 trillion, Zerodha's
Forgd Market-Maker Leaderboard Lands on DefiLlama
DefiLlama users can now compare crypto market makers side-by-side after the analytics platform integrated Forgd's leaderboard, which scores firms on pricing, depth, reliability, and execution quality.
Boerse Stuttgart Digital, Tradias complete crypto merger
Boerse Stuttgart Digital and institutional crypto trading firm Tradias have completed their merger after clearing the required ownership control procedure, forming a ~300-employee digital asset infras
Palantir Surges 30%, Shorts Lose $3B
Palantir Technologies stock surged 30% on Tuesday, wiping out all year-to-date paper gains for short sellers and pushing them to $3 billion in mark-to-market losses, according to S3 data.
Here's what to expect when Disney reports earnings before the bell
Disney is set to release its fiscal third-quarter earnings before the bell Wednesday, less than five months into CEO Josh D'Amaro's tenure, with Wall Street focused on streaming growth, theme park res
Nikkei +3%, Kospi +4.1% as Oil Slips on Hormuz Hopes
Asian markets rallied on Aug 5 as Wall Street record highs and falling oil prices — driven by hopes of progress on the U.S.-Iran war and reopening the Strait of Hormuz — boosted risk appetite, though
Pinterest shares fall on lukewarm sales guidance
Pinterest's stock fell 7% in extended trading despite beating Q2 earnings and revenue estimates, as the company's Q3 guidance merely matched analyst expectations and its CFO flagged timing-related hea
AMD Stock Drops As Chipmaker Disappoints With Modest Quarterly Beat - Investor's Business Daily
AMD's stock fell after the chipmaker posted quarterly results that technically beat expectations, with revenue up 50% and data center sales doubling, yet investors demanded a bigger AI payoff.
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