MARKETS

MercadoLibre reported record revenue in Q2, but a third consecutive quarterly decline in net income has raised investor concerns over the company's shrinking profit margins amid heavy investment in expansion.

Figma's shares dropped 17.64% after a strong earnings report, as investors worry about AI competition and insider share lockup. Despite revenue growth, cautious forecasts and valuation concerns persist.

CXMT Corp shares fell 4.31% amid post-IPO volatility and competitive pressures in the DRAM market, highlighting challenges in technology advancement and geopolitical constraints.

The Dow Jones Industrial Average reached a record high, driven by Iran diplomacy and corporate earnings, despite divergent reactions in tech stocks and concerns over market leverage.

SK Hynix shares fell 10.37% due to disappointing guidance from US memory chip companies, causing a global semiconductor selloff. The decline affected South Korea's KOSPI index and other Asian markets.

SpaceX shares dropped 13.61% after its first public earnings report showed strong revenue growth overshadowed by significant AI investment and an impending insider share release.

South Korea's KOSPI index fell 4.58% due to a semiconductor selloff, triggering a trading halt. The decline affected global markets, highlighting the volatility of Korean equities in 2026.

AMD reported record Q2 results driven by AI hardware demand, but shares fell 7% as investors sought clearer growth evidence. Despite strong data center revenue, concerns over future growth persist.

Nvidia's shares rose after SpaceX announced it would exclusively use Nvidia hardware for its AI infrastructure, expanding Nvidia's reach beyond traditional data centers and boosting investor confidence.

GameStop's stock faces volatility due to a debt-for-equity swap, eBay acquisition plans, and bitcoin exposure, raising investor concerns about dilution and financial stability.

Riot Platforms' stock rose 8.05% as the company shifts focus from bitcoin mining to AI infrastructure, amid a broader market rally and positive analyst sentiment.

AXT Inc's stock has surged due to high demand for indium phosphide substrates, driven by AI data center needs. The company reports strong earnings and outlines ambitious growth plans.

Zeta Global's shares soared after surpassing earnings expectations, driven by its AI platform's rapid adoption and strategic partnerships, marking its 20th consecutive quarter of exceeding guidance.

Shopify's shares soared after the company reported strong Q2 results, surpassing Wall Street expectations. The positive outlook and easing AI competition fears further boosted investor confidence.

The Dow Jones Industrial Average reached new heights amid declining oil prices, strong corporate earnings, and optimism over Strait of Hormuz diplomacy, continuing a record-setting trend on Wall Street.

Next PLC has raised its profit forecast for the third time this year, driven by strong sales and favourable weather conditions, reinforcing its status as a key indicator of UK consumer spending.

SpaceX's IPO has seen significant volatility, prompting investors to consider more stable alternatives like Amazon and TJX, which offer profitable growth without the complexities of SpaceX's operations.

Predictive Discovery's shares rose 8.02% after reporting strong gold production in West Africa, reversing recent declines. The company highlighted operational success at its Kiniéro and Nampala mines.

SpaceX's Q2 earnings reveal a $541 million loss on $7.8 billion revenue, driven by Starlink and AI growth. Despite exceeding expectations, stock falls due to upcoming insider selling.

Wayfair's shares soared 30% following a strong Q2 earnings report, surpassing Wall Street expectations and triggering a short squeeze as investors reassess the company's growth potential.

Palantir Technologies' shares surged 27% following impressive Q2 results, with revenue and profit exceeding expectations. The company raised its full-year guidance, highlighting strong growth in both commercial and government sectors.

The S&P 500 reached a new record high, driven by falling oil prices, easing Middle East tensions, and strong corporate earnings, marking a significant rebound from summer volatility.

SK Hynix's stock rose 3.88% following bullish analyst coverage, highlighting its leading position in AI memory. Despite geopolitical volatility, analysts forecast robust demand for high-bandwidth memory.

Financial disclosures reveal Trump's investment accounts made significant purchases in Alphabet and Meta, managed by third-party advisors, highlighting a focus on AI growth potential.

Nvidia's stock has seen modest gains in 2026, trailing the S&P 500. Analysts debate AI demand sustainability and China's regulatory impact, while maintaining a positive outlook on Nvidia's growth.

Micron Technology's shares rose over 6% due to strong AI-related demand, strategic growth, and positive market sentiment, despite recent volatility and competitive pressures from Chinese manufacturers.

Intel shares rose over 7% amid a semiconductor sector rally, driven by market optimism and anticipation of AMD's earnings. Analysts remain divided on Intel's valuation and future prospects.

AMD shares rose over 5% as investors anticipate its Q2 2026 earnings, crucial for AI chip sector confidence amid recent volatility. Analysts focus on AI accelerator business and Helios system shipments.

SpaceX shares rose nearly 6% as investors await the company's first earnings report as a public entity, amidst concerns over insider share sales and ongoing financial losses.