MARKETS

Nike's shares have hit a 52-week low as the company faces ongoing challenges in China and a volatile market environment, with a multiyear turnaround plan still in progress.

ServiceTitan's shares fell sharply after surpassing Q2 estimates but providing weaker guidance for the next quarter, raising concerns about future growth and strategic focus.

The U.S. destroyed five Iranian oil tankers following missile attacks on a Navy warship, escalating tensions in a six-month conflict affecting global oil prices and regional stability.

AMD anticipates doubling its data-center sales to $70 billion by 2027, driven by AI market growth and increased demand for GPUs and CPUs, despite challenges in supply constraints.

Micron Technology's stock surged past $1,000 as AI-driven demand for memory boosts revenue and market value, with strategic agreements securing future growth despite potential supply challenges.

Marvell Technology's stock surged 241% over the past year, driven by trust with hyperscale customers and a $6.5 billion increase in its two-year sales outlook, according to CEO Matt Murphy.

Amazon's stock dips as it navigates a sterling bond sale, legal challenges, and increased capital spending driven by AI and AWS expansion, raising questions about future financial returns.

Apple introduces its first foldable iPhone at a major event led by new CEO John Ternus, aiming to transform the niche market while addressing pricing and AI advancements.

U.S. stocks opened lower amid surging oil prices linked to U.S.-Iran tensions and anticipation of Apple's product event. Trade disputes and Federal Reserve policy expectations add to market pressures.

Qualcomm partners with Amazon to develop custom silicon and connectivity solutions for AWS's AI infrastructure, boosting Qualcomm's market value and marking a significant move into the AI market.

Broadcom's stock rises following a positive earnings report and increased price target, driven by AI chip partnerships with Google and OpenAI, despite initial investor caution and market volatility.

Oracle's stock rises ahead of its fiscal first-quarter earnings report, with investors keenly watching its cloud infrastructure growth and financial strategy amid concerns over capital spending and debt.

Sandisk shares surged as investors view it as an AI infrastructure stock. With soaring revenues and strategic contracts, the debate remains whether it's a buy or a bet on memory scarcity.

Nike's stock has dropped nearly 80% from its 2021 peak, driven by challenges in China, a slow turnaround, and removal from the S&P 100 index, raising concerns about its future growth.

Tesla's Cybercab, a steering wheel-free electric vehicle, starts paid rides in Austin. The launch faces regulatory scrutiny, highlighting Tesla's innovative approach and challenges in autonomous vehicle deployment.

Investors are using Warren Buffett's investment principles to evaluate SpaceX, focusing on understanding complex business models and maintaining a circle of competence amidst the company's post-IPO volatility.

U.S. financial markets, including the NYSE and Nasdaq, are closed for Labor Day, resuming Tuesday. Bond markets follow suit, while international exchanges remain open. Cryptocurrency trading continues uninterrupted.

Nintendo has resolved a global ban wave affecting Switch 2 consoles, attributing it to a temporary system fault. The incident raised concerns about piracy enforcement but was quickly addressed.

LeBron James partners with Polymarket, marking a significant milestone in the expansion of prediction markets in sports. The partnership focuses on football, with further details expected soon.

The ongoing conflict involving the US, Israel, and Iran has severely disrupted shipping through the Strait of Hormuz, a critical oil trade route, with significant economic and human impacts.

York Space Systems faces securities fraud litigation following a stock decline linked to software issues. Despite legal challenges, the company reports operational progress and introduces a new spacecraft platform.

McDonald's shares have reached a one-year low as U.S. customer visits decline, despite strong earnings. The company aims to address these challenges with new leadership and strategic initiatives.

GameStop's upcoming earnings report and potential eBay acquisition are pivotal, with investors eyeing strategic shifts amid declining retail sales and growing investment gains.

Nvidia's acquisition of AI platform Hugging Face for $12.93 billion underscores its commitment to open-source AI development, boosting its influence in the industry and driving stock gains.

Japan's Nikkei 225 index rose 1.26% as AI investment enthusiasm boosted SoftBank and tech stocks, despite mixed sector performance and ongoing market volatility.

Victoria's Secret shares fell 15% due to a weak third-quarter profit outlook, despite strong second-quarter earnings and an improved full-year revenue forecast, raising concerns among investors.

Microsoft's new financial reporting structure will disclose Azure's quarterly revenue, offering transparency and aligning with AI growth. This change is part of a broader reorganisation of its business segments.

Snowflake Inc. shares soared 20.60% after surpassing Wall Street's earnings expectations and raising its full-year outlook, driven by strong AI tool adoption and accelerating product revenue growth.

Tesla's shares surged as the company prepared to unveil the Cybercab, a key milestone in its autonomous vehicle strategy, at an event in Austin, highlighting its robotaxi ambitions.