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Airbnb’s stock surged 9% after the company reported second-quarter earnings that exceeded analyst expectations and issued upbeat guidance for the current quarter, driven by robust demand across all regions.
Taiwan Semiconductor Manufacturing Co. reported July revenue of 467.58 billion New Taiwan dollars, representing 44.7% year-on-year growth, driven by robust artificial intelligence chip demand.
Trump Media reported a net loss exceeding $238 million in the second quarter, primarily driven by declines in digital assets and cryptocurrencies, while the company’s Truth Social platform generated minimal revenue.
CoreWeave shares surged 14% after reporting quarterly revenue that doubled year-over-year, driven by robust demand for AI infrastructure services and expanded customer commitments.
Micron shares crossed the $1,000 mark in premarket trading Monday, extending a 36% rally from July lows amid strong demand for memory chips used in AI infrastructure.
Peter Thiel’s hedge fund acquired a roughly 1% stake in Argentine shale oil producer Vista Energy valued at approximately $76 million as of June 30.
