SMH ETF Falls Below Key Support as Chip Selloff Trumps Record Earnings
The VanEck Semiconductor ETF dropped 4.2% to $565.69 in early afternoon trade. It went below Wednesday’s $586.09 lower DeMark pivot. This is a short-term support gauge.
Micron (NASDAQ: MU) slips as new auto contracts leave most DRAM business outside deals
Micron Technology, Inc. dropped 4.6% to $862.70 in premarket trade Thursday. This comes even after it announced fresh long-term auto supply deals. The Nasdaq session hadn’t started yet.
GE Aerospace (NYSE:GE) raises 2026 free-cash-flow outlook as working capital drives Q2 growth
GE Aerospace raised its 2026 outlook after beating second-quarter estimates, though the cash-flow statement shows that most of the year-on-year improvement came from working capital rather than a similar increase in earnings. Free cash flow, cash from operations after capital spending, grew by $907 million, with an $813 million swing in operating working capital accounting for about 90% of that rise.
Rotork (LON:ROR) maths put ABB (SWX:ABBN) on spot for £45 million-£82 million profit
ABB has set a stiff bar with its £4.1 billion bid for Rotork. Based on ABB’s “mid-teens” earnings multiple—interpreted as 14 to 16 times—Rotork will have to boost annual EBITDA by about £45 million to £82 million from the 2025 starting point to hit those targets. ABB hasn’t broken down how much it’s counting on from cost cuts, sales or other sources.
TSMC AI-heavy product mix boosts profit-per-wafer gauge by 42% as capex rises
Taiwan Semiconductor Manufacturing Co reported a 16.6% boost in second-quarter wafer shipments, but operating income soared 65.4%. The numbers point to AI demand pushing up profit per unit, with operating income per 12-inch-equivalent wafer at around NT$177,000, up 42% from last year. That’s outpacing the firm's efforts to add more capacity.
Macquarie Group (ASX:MQG) trades at record high as oil swings
Macquarie Group is set to start Thursday’s Australian session at a record high of A$258.16, trading 0.5% above the average analyst target and valuing the company at around A$99 billion. The Sydney cash market was in pre-open as of the dateline. Normal trading is expected just before 10 a.m. local time.
Tesla (NASDAQ:TSLA) delivery beat saw 28,368-car inventory drop, margins get attention
Tesla Inc. delivered 28,368 more cars than it built in the second quarter, using up about 38% of its 74,102-unit beat compared to company-compiled analyst expectations, company figures show. That changes the focus for July 22 earnings from delivery numbers to automotive gross margin, which measures how much of each vehicle sale is left after production costs.
Amazon (NASDAQ:AMZN) clinches Herotel’s 350,000 users with most of Leo satellites yet to launch
Amazon.com, Inc. landed a countrywide sales and service partner in South Africa for its Leo satellite broadband network even though about 88% of its first-gen constellation is still not in orbit. The agreement lines up distribution before most capacity is ready, testing if Amazon can claw back ground from Starlink without needing a one-to-one satellite match.
Reflect Orbital’s FCC Win Shifts the Investor Test to a 50,000-Satellite Buildout
Reflect Orbital’s first FCC license clears a near-term hurdle for its Eärendil-1 mirror satellite, but the startup’s own timetable turns the approval into a harder manufacturing problem. Moving from more than 5,000 spacecraft in 2030 to more than 50,000 in 2035 would require an average of 9,000 additions a year, or 24.7 each day.
U.S. Treasury Yields Stay High as Cooler PPI Fails to Dent Real Rates
U.S. Treasury yields eased only slightly on Wednesday after a surprise fall in producer prices, with the 10-year note around 4.58%, the two-year near 4.16% and the 30-year close to 5.10% in early New York dealing. The harder signal for investors is that long borrowing costs are being held up by real yields, the return after inflation, rather than by a fresh jump in market inflation expectations.
CrowdStrike (NASDAQ:CRWD) jumps $23 billion after IBM warning; $284M ARR is in focus next
CrowdStrike Holdings, Inc. jumped by about $23.2 billion in market value Tuesday, after International Business Machines Corporation mentioned rising cybersecurity concerns from clients. That one-day gain equals 4.2 times CrowdStrike’s most recent annual recurring revenue. ARR measures the annualized subscription value that should repeat.
OpenAI speaker would have to ship 26M units to hit io deal gross sales
OpenAI’s first consumer device, if priced around $250, would have to move 26 million units just to bring in as much gross sales as the company reportedly paid for Jony Ive’s io. That’s gross sales at list price, before subtracting manufacturing, shipping, returns, warranty costs or expenses for the AI platform.
Apple (NASDAQ:AAPL) rally still trails KeyBanc’s price target by almost $1 trillion
Apple Inc. fell 0.8% Tuesday after KeyBanc cut its rating, but analysts flagged the bigger issue: the $250 price target. That number sits about $955 billion below Apple’s $4.64 trillion market cap, based on the current share count. The gap stands out.
Lucid (NASDAQ:LCID) slump wipes out almost $1 billion, nearly equal to April funding
Lucid Group gave up around $948 million in market cap Tuesday after a report said its restructuring adviser was looking at a sale to private owners or a possible bankruptcy filing. That drop is close to 90% of the $1.05 billion capital package it announced in April, based on its last reported share count. The numbers aren’t a direct match, but they show investors moved fast to slash the value of Lucid’s new funding buffer.
Opendoor stock stays 70% over KBW’s new target as Q2 profit margins tighten
Opendoor Technologies Inc. may see about a $9 million shortfall in cost and mix at its Aug. 4 results, if second-quarter revenue and contribution margin hit the midpoint of its guidance, per company figures. Shares last ticked up 0.1% to $4.49. That's nearly 70% above Keefe, Bruyette & Woods' new target. The gap is slim.
Vision Marine Technologies (NASDAQ:VMAR) stock volume spikes, revenue grows but margins shrink
Vision Marine Technologies Inc. stock was up 7.8% at $1.52 as of 12:06 p.m. EDT Tuesday. Trading volume hit 84.9 million shares, which is 37.4 times the 2.27 million shares outstanding as of yesterday, and 77.4 times its 65-day average. Share turnover, or volume divided by shares outstanding, gave the stronger read.
CrowdStrike (NASDAQ:CRWD) gains about $18.4 billion as rally pushes to new milestone
CrowdStrike shares rose 9.6% to $205.98 on Tuesday. The move boosted the cybersecurity company's market cap by about $18.4 billion, based on the latest share count after this month's 4-for-1 split. The gain is about 3.1 times the midpoint of CrowdStrike's full-year revenue forecast. That’s a big jump off just one inflation report.
Intel Stock (NASDAQ:INTC) Lags Chip Rebound as $5.7 Billion Ireland Bet Raises Cash-Flow Bar
Intel Corporation shares rose 1.4% to $104.55 as of about 10:55 a.m. EDT on Tuesday, but the gain hid a weak recovery. The stock had erased roughly 70% of its 4.6% opening jump and was still down 4.8% from Friday, leaving it behind a broader rebound in chip shares. Investors are rewarding demand, but not yet the spending needed to meet it.
United’s Empty-Middle-Seat Bet Sets a 50% Pricing Test for Four Economy Seats
United Airlines Holdings is turning two middle positions in one Economy Plus row into tables on each of its 50 Airbus SE A321XLR jets. The simple revenue hurdle is steep: four window-and-aisle passengers must collectively replace the sales value of six ordinary seats. United has not disclosed prices. The row has to earn its space.
Wells Fargo (NYSE:WFC) tops estimates, most new loans went to corporate, investment banking
Wells Fargo topped Wall Street’s profit and revenue forecasts for the second quarter, but investors were focused on the bank’s post-cap plans. Fees drove the earnings surprise, with corporate and investment banking taking about two-thirds of loan growth. Business and wealth management together accounted for 78% of the net income increase from a year ago, based on company numbers.