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Broadcom Jumps 7.2% Intraday: AI Storage Launch and Earnings Loom Large
Broadcom (AVGO) surged 7.2% intraday to $420.47, riding a semiconductor rally sparked by Marvell's new AI storage lineup. With Q2 earnings on deck, the sector is buzzing.
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Micron Rebounds 8% to $896 Intraday, but the Bear Case Still Looms 8x Larger Than the 2018 Peak
Micron (MU) is bouncing hard, up 8% to $896 intraday after a brutal week. But even after the selloff, the bear-case valuation sits 8x above the 2018 cycle peak — the AI memory debate is far from settled.
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Super Micro Jumps 8% on Margin Recovery, But Cash-Flow Worries Linger
Super Micro Computer (SMCI) surged more than 8% in intraday trading ahead of its August 11 earnings report, as preliminary guidance points to a sharp margin recovery. But a $6.6 billion operating cash outflow last quarter keeps investors on edge.
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Walmart Downgraded, Palantir Upgraded: Wall Street’s Latest Moves
Wall Street analysts are shaking up ratings — Walmart gets cut, Palantir gets a boost. All eyes turn to a packed earnings week and key macro data.
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Intel Rallies 4.67% as Analysts Flag AI and Foundry as Twin Growth Drivers
Intel (INTC) is up 4.67% in intraday trading as multiple outlets spotlight its data center AI and foundry businesses. But heavy capex and ongoing losses remain key risks.
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ExxonMobil Posts $14.5B Q2 Profit, Raises Quarterly Dividend to $1.03
ExxonMobil's Q2 net income hit $14.5B with upstream output at a two-decade high. The company raised its quarterly dividend to $1.03 per share and returned $9.4B to shareholders.
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US and Japan Team Up to Prop Up the Yen — Now Bessent Wants the Fed In
Washington and Tokyo staged a rare joint yen-buying intervention to halt the currency's slide to 40-year lows. Treasury Secretary Bessent is now pushing to expand a Fed facility that could pull the central bank deeper into the fight.
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Inspire Beats Q2 Estimates Despite 7.6% Revenue Dip, Raises Full-Year Guidance
Inspire Medical Systems topped Q2 expectations on both the top and bottom lines, nudging up its full-year outlook. Shares jumped as much as 13.6% after the print.
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Goldman Sachs Q2 Equities Revenue Soars 72%, GS Hits $1,027 After Hours
Goldman Sachs crushed Q2 expectations with equities trading revenue up 72% and investment banking fees up 55%. Shares ticked higher after hours to $1,027.06.
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Tesla Shrugs Off 1.2M-Vehicle Safety Probe, Rallies for a Third Straight Day
Tesla closed up 3.49% Monday, brushing off a NHTSA probe into 1.2 million vehicles to notch a third straight gain. The stock is clawing back ground after a brutal July that saw it shed over 27%.
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onsemi Beats Q2 Estimates as AI Data Center Revenue Doubles
onsemi topped Wall Street's Q2 sales and profit forecasts, with AI data center revenue doubling and margins expanding. Shares rose nearly 3% in after-hours trading.
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Teads Sues Google for Damages, Citing 6.88 Trillion Lost Ad Impressions
Teads is taking Google to court over alleged ad-tech monopolization, pointing to a federal antitrust ruling and claiming 6.88 trillion lost impressions. The suit lands as Google faces a fresh wave of European penalties and private claims.