SpaceX’s post-IPO plunge sets tense backdrop for first earnings report
SpaceX’s stock has lost over $500 billion in market value since its June 12 IPO, setting a tense backdrop for the company’s first earnings report as a public company.
Amazon tops $3 trillion market cap as stock continues post-earnings surge
Amazon’s stock reached an all-time high Monday, pushing its market capitalization above $3 trillion following strong second-quarter earnings driven by cloud and artificial intelligence growth.
Palantir soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150%
Palantir reported second-quarter earnings that exceeded estimates, with U.S. commercial revenue surging 149% year-over-year. The stock climbed 12% following the announcement.
Amazon hikes 2026 capex to $220 billion due to higher memory costs
Amazon raised its 2026 capital expenditure forecast to $220 billion, citing elevated memory costs and surging AI demand, as cloud revenue grew 37% year-over-year during the second quarter.
‘The Odyssey’ extends stay in 70 mm Imax theaters as shows sell out weeks in advance
Universal and Imax extended 70 mm screenings of Christopher Nolan’s “The Odyssey” into mid-September due to surging demand, with tickets selling out weeks in advance across limited theater locations.
Rivian reduces 2026 spending plans, narrows earnings guidance
Rivian Automotive reduced its 2026 capital spending guidance and narrowed adjusted loss forecasts while reconfirming vehicle delivery targets and reporting improved second-quarter gross profit.