Intuitive Machines (LUNR) shares opened in the red this morning as a $14.7 million charge made the space exploration company come in shy of Q2 estimates. While LUNR posted a 4x year-on-year increase in its quarterly revenue to a record $206.2 million, and significantly expanded its backlog as well, the number fell notably short of
Intuitive Machines (LUNR) shares opened in the red this morning as a $14.7 million charge made the space exploration company come in shy of Q2 estimates. While LUNR posted a 4x year-on-year increase in its quarterly revenue to a record $206.2 million, and significantly expanded its backlog as well, the number fell notably short of
Micron Technology (MU) stock extended its rebound to a third straight session on Thursday, rising 6% to $966.01 after rising around 5% on Wednesday. The stock remains up more than 200% this year, although it is still down 20% from its late-June peak. Concerns over the sustainability of chip pricing contributed to the recent pullback,
Supermicro (SMCI) shares are extending gains as investors continue to cheer its Q4 earnings. Despite facing significant macro headwinds and a reputational hangover, the AI server specialist has mounted an aggressive recovery, currently up a remarkable 70% versus its recent low. The rally comes as the market digests SMCI’s staggering $60 billion in new AI
The latest major updates on US inflation have just come out, bang in line with consensus expectations. First off, on Wednesday the Headline CPI (Consumer Price Index) for July fell to 3.4% from 3.5%, while Core CPI (which excludes food and energy) edged down to 2.5% year-on-year, from 2.6% previously. The US dollar sold off
Netflix NFLX stock rose more than 4% on Thursday after billionaire investor Bill Ackman’s Pershing Square Capital Management disclosed a new stake in the streaming giant, marking a return to the company more than four years after exiting its previous investment at a loss. In its second-quarter shareholder letter, Pershing Square revealed it had acquired
SanDisk SNDK stock surged on Thursday after the memory chipmaker unveiled ambitious long-term financial targets and sought to reassure investors that demand for memory used in artificial intelligence infrastructure will remain strong through the end of the decade. Shares climbed around 15% after the company’s 2026 Investor Day, extending recent gains and making SanDisk one
Anthropic is reportedly targeting a valuation of at least $2 trillion in a potential October IPO, while Chinese memory-chip maker CXMT has overtaken Tencent to become the country’s most valuable listed company. Gold prices retreated from two-month highs as investors booked profits after fresh US inflation data, and oil pared steep losses after reports of
US stocks ended higher on Thursday, with the S&P 500 closing at a fresh record as easing inflation data, falling oil prices and continued strength in technology shares lifted investor sentiment. The S&P 500 rose 0.66% to close at 7,799.73 after briefly crossing the 7,800 mark for the first time during the session. The Nasdaq
Workday (WDAY) shares closed meaningfully higher on Thursday following a Reuters report that the private equity giant Silver Lake is in discussions to acquire the cloud software provider. Talks between the two firms have reportedly taken place behind closed doors in recent months. The media report brought a much-needed reprieve to Workday stock that’s been