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Oracle’s latest annual report lays out dozens of risks tied to its massive AI data center buildout, from construction delays and customer defaults to regulatory crackdowns. The company warns that some AI clients may be “highly leveraged” and could fail to pay.
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Meta is reportedly in final negotiations with Anthropic for a private cloud instance deal that could be worth roughly $10 billion, while Anthropic also explores a custom chip partnership with Samsung. META shares dropped nearly 5% in after-hours trading.
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Netflix shares surged in after-hours trading after a report shot down speculation it would buy NBCUniversal. All eyes are now on the streaming giant’s ad business as the upfront season heats up.
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Micron (MU) dropped 5.5% intraday despite a presidential shout-out from Trump and a blockbuster earnings beat. Wall Street is bullish, but valuation fears and cycle-peak worries are taking the shine off.
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Qualcomm (QCOM) dropped more than 3% in Thursday trading, bucking a historic AI-driven rally in semiconductors that has lifted peers like Intel and AMD to massive gains.
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Ford’s Q2 U.S. sales fell 10% as EV demand slumped, but Bronco and Maverick hybrids set quarterly records. The stock still jumped nearly 8% on the day.
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Europe’s top court has slammed the door on Google’s eight-year fight against a record $4.7 billion antitrust fine, ruling the tech giant illegally used Android’s dominance to lock in its search monopoly. The decision is final, with no further appeals.
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ExxonMobil’s $83.2B quarterly revenue dwarfs Chevron’s $47.6B, but profit margins are within 2 percentage points. A deep dive into the real earnings picture for these two energy giants.
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Microsoft is planning its third major layoff round in a year, cutting up to 5,500 roles across sales, consulting and Xbox. Yet the stock is up 1.6% in pre-market trading as investors cheer the company’s pivot to AI.
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Tesla delivered 480,126 vehicles in Q2, crushing estimates by ~74,000 units, but the stock slid 7.5% after hours. Rivian also topped expectations and lifted its 2026 delivery forecast, sending shares up 7% pre-market.
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Small caps just delivered their strongest first half in 35 years, with the Russell 2000 surging over 21%. The AI trade is rotating from mega-caps into smaller names, led by semiconductors, while Nvidia’s pullback signals the rotation is accelerating.
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OpenAI has proposed granting the U.S. government a 5% equity stake, valued at roughly $42.6 billion, in a bid to ease political pressure in Washington. Intel shares slid 5.25% in after-hours trading on the news.