Broadcom Shares Dip 0.5% Ahead of $16 Billion AI Revenue Challenge
PALO ALTO, California, September 2, 2026, 11:00 EDT — Broadcom shares slipped 0.5% as investors awaited the company's ability to meet its ambitious $16 billion AI revenue goal.
Russell 2000 Outpaces S&P 500 With 1% Gain; Materials, Financials Lead Rally
NEW YORK, September 2, 2026, 11:00 EDT — The Russell 2000 climbed 1.01% Wednesday, advancing at twice the pace of the S&P 500 as strength in materials and banking stocks underpinned a widespread move higher. The Nasdaq Composite was up 0.25%.
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Small caps led both the session and prior hour
Percent change from Tuesday’s close and from 10:00 EDT
As of . Source: Yahoo Finance delayed one-minute data; TS2 calculations.
Sector breadth favored cyclicals over duration
Sector Select SPDR change from Tuesday’s close
Materials · XLB+2.01%
Communication · XLC+1.75%
Financials · XLF+1.72%
Health care · XLV+0.87%
Staples · XLP+0.32%
Discretionary · XLY+0.24%
Industrials · XLI+0.13%
Energy · XLE−0.04%
Technology · XLK−0.32%
Utilities · XLU−0.43%
Real estate · XLRE−0.53%
As of . Source: Yahoo Finance delayed data; TS2 calculations. Bar lengths use a 2.01% scale.
Earnings rewarded operating leverage, not growth alone
Price change from Tuesday’s close; company-reported catalyst
NASDAQ:GTLB+15.79%$52.21
Revenue +21%; net ARR growth above 40%
NYSE:DELL+4.35%$443.49
AI-server backlog reached $95 billion
NASDAQ:MDB−10.80%$387.30
Revenue +30%; Q3 guide below Q2 revenue
NASDAQ:CRDO−19.07%$167.22
Revenue +114.7%; valuation reset dominated
Prices as of . Sources: delayed Yahoo Finance prices and company releases.
Broadcom intraday price
U.S. dollars; five-minute closes selected from the regular session
As of . Day range: $364.65–$370.39. Source: Yahoo Finance; prices are not live-streaming.
AI semiconductor revenue ramp
Broadcom-reported revenue and management guidance, in billions of dollars
Sources: Broadcom fiscal Q3 2025 and fiscal Q2 2026. The $16.0 billion figure is guidance, not a reported result.
Fiscal Q2 operating mix
Reported quarter ended May 3, 2026
● Semiconductor: 68%● Infrastructure software: 32%
Semiconductor revenue$15.01B+79% year over year
Infrastructure software$7.18B+9% year over year
GAAP gross margin69%versus 68% a year earlier
Free-cash-flow margin46%$10.26B of free cash flow
Source: Broadcom fiscal Q2 2026 results and Form 10-Q. Margins use company definitions.
Price versus the analyst target
49 analysts · consensus Strong Buy
Current price$368.01
Average target$525.97
The target implies about 43% upside but is not a forecast of near-term results. Sources: Kiplinger citing S&P Global Market Intelligence; current price from Yahoo Finance as of September 2, 2026, 11:00:42 EDT.
AST SpaceMobile Rises 9% After $92 Price Target Forecasts $12 Billion Upside
AST SpaceMobile, Inc. shares rose 8.97% on Wednesday after Berenberg initiated coverage with a Buy recommendation and set a price target of $92. At 10:41:27 EDT, the stock traded at $60.80.
ASTS intraday: analyst-driven gap holds
As of
$60.80+8.97%from $55.80 prior close
Five-minute closes through 10:40 EDT, followed by the latest quote. Source: Google Finance. USD.
Price-to-target bridge
Bar length is scaled to $108, the reported top of the analyst range.
Prior close$55.80
Latest$60.80
Berenberg$92.00
Implied bridge: +51.3% from the latest price, or an estimated $12.1 billion of additional equity value. Wider reported target range: $42.50–$108.
Sources: Berenberg initiation via Investing.com; Google Finance. Equity-value estimate uses the reported market capitalization.
Execution ladder behind the valuation
Deployment status and funding markers reported on August 10, 2026.
13spacecraft in orbit
3BlueBirds 14–16 next to ship
30BlueBirds 17–46 in production or assembly
≈45satellites targeted in orbit by early 2027
$150m–$200m2026 revenue guidance
$1.30bncontracted backlog
>$3.7bnpro forma cash and restricted cash
up to $1bnexpected Japan government capital
Source: AST SpaceMobile Q2 2026 business update. Japan funding remains preliminary.
GitLab Surges 14% After Revenue and ARR Growth Over 40% Despite Lower Cash Flow
NEW YORK, September 2, 2026, 10:30 EDT — GitLab shares rose 14.0% on Wednesday as its quarterly revenue surpassed forecasts and annual recurring revenue climbed more than 40%. The stock pared gains after reaching a 23.2% intraday high.
GitLab’s opening surge lost altitude
Regular-session price, U.S. dollars. .
GTLB pricePrevious close: $45.09Opening high: $55.55
Source: Yahoo Finance. Intraday readings may be delayed.
Growth accelerated, but cash conversion weakened
Q2 FY2027 revenue$286.3m+21% year over year
GAAP gross margin84%Down 4 percentage points
Non-GAAP operating margin15%Down 2 percentage points
Adjusted free cash flow$9.8mDown 79% from $46.5m
Source: GitLab fiscal Q2 2027 earnings release filed with the SEC, September 1, 2026.
Most analysts remain on hold after the earnings jump
Twenty-nine recommendations compiled by LSEG.
8Buy or higher
19Hold
2Sell or lower
Median target: $50 — 2.8% below the $51.42 share price at 10:25:06 EDT.
Sources: Reuters/LSEG; Yahoo Finance.
Booking Stock Rises 1.3% as Downing Street Test Exposes Control Risk
Booking Holdings Inc. shares rose 1.25% to $198.13 on Wednesday morning. The gain came after a Which? investigation said Booking.com accepted payment for a fake 10 Downing Street listing.
BKNG holds above its opening price
Nasdaq session range, U.S. dollars
As of . Source: Google Finance.
Second-quarter growth cushion
Year-over-year change; bar scale tops at 16%
Room nights
325 million+5%
325 million+5%
Gross bookings
$51.0 billion+9%
$51.0 billion+9%
Revenue
$7.4 billion+8%
$7.4 billion+8%
Adjusted EBITDA
$2.6 billion+9%
$2.6 billion+9%
Free cash flow
$3.6 billion+16%
$3.6 billion+16%
Quarter ended June 30, 2026. Adjusted EBITDA and free cash flow are non-GAAP measures. Source: Booking Holdings earnings release filed with the SEC.
Wall Street still prices upside
Ratings and 12-month price-target range
Based on 28 analysts in the prior three months; displayed September 2, 2026. Source: Google Finance.
Uber Stock Near $75 Tests the Cash Flow Behind Its $10 Billion AV Plan
Uber Technologies, Inc. edged higher before Wednesday’s open after BMO Capital Markets kept its Outperform rating and $119 target. The latest verified delayed print was $75.43 at 04:10 EDT, up 0.25% from Tuesday’s $75.24 close.
Uber shares remain near the bottom of their nine-session range
USD per share; daily closes through September 1, then the latest verified premarket print
As of .
Sources: MarketMinute; Finviz.
Fresh targets put the AV thesis above the current tape
USD per share; current is the September 1 close
Median, low and high: FT/LSEG, September 1. BMO: September 1 call.
Cash generation is scaling with bookings
$58.0B
Gross bookings
+24% year on year
$14.2B
Revenue
+12% year on year
$2.8B
Adjusted EBITDA
+33% year on year
$2.8B
Free cash flow
Quarterly figure
Quarter ended June 30, 2026. Source: Uber.
The AV plan is broad, multi-year and partner-led
Capital commitments
More than $10B over coming years
City footprint
7 live; as many as 15 by year-end
Partner pipeline
About 120,000 committed vehicles
Bars show separate measures, not a common scale. Source: Uber Q2 prepared remarks.
QQQ Drops 1.3% in Premarket, Doubling Tech-Focused SPY Decline
NEW YORK, September 2, 2026, 08:16 EDT — QQQ retreated 1.3% before the opening bell, as the fund's significant technology weighting led to losses surpassing those of SPY in early premarket activity.
QQQ premarket path
Delayed share price, U.S. dollars
$707.12 · −1.34%
As of . Previous close: $716.76. Source: Yahoo Finance delayed market data.
Premarket risk split
Change from September 1 cash close or settlement
- XLK−1.62%
- QQQ−1.34%
- IWM−1.00%
- SPY−0.61%
- DIA−0.49%
- XLE+0.78%
Latest delayed indications from 08:13–08:16 EDT on September 2, 2026. Sources: Yahoo Finance QQQ and linked ETF quote pages.
QQQ’s concentrated upside—and downside
Second-quarter 2026 averages and total returns
Technology weight
64.75%QQQ
43.28%S&P 500
Technology return
45.14%QQQ sector
29.07%S&P sector
Quarterly total return
27.68%QQQ NAV
15.20%S&P 500
As of June 30, 2026. QQQ expense ratio: 0.18%. Source: Invesco QQQ quarterly outlook.
Dell Shares Rise 8.3% as $95 Billion AI Backlog Bolsters Margin Case
Dell Technologies Inc. shares rose 8.28% to $460.20 before Wednesday's open. A record $95 billion AI-server backlog drove the move.
Dell premarket move
Price in U.S. dollars; previous close $425.00
Source: Nasdaq real-time premarket quotes. As of .
Fiscal 2027 guidance reset
Previous Updated
Revenue
$167B → $192B
AI-server revenue
$60B → $74B
Non-GAAP EPS
$17.90 → $25.50
Source: Dell Technologies, fiscal second-quarter 2027 results, September 1, 2026.
Two profit engines, one faster mix shift
Infrastructure Solutions
$31.8B
Quarterly revenue
+89%year over year
15.0%operating margin
Client Solutions
$15.0B
Quarterly revenue
+20%year over year
7.6%operating margin
Source: Dell Technologies earnings release and prepared remarks for the quarter ended July 31, 2026.
Forward price-to-earnings comparison
Source: LSEG data reported by Reuters, September 2, 2026.
UiPath Shares Slip 1.2% in Premarket with Earnings Facing 10% Revenue Target
UiPath Inc. dropped 1.2% to $17.94 during premarket trading on Wednesday, following a 2.8% slide on Tuesday when 63.8 million shares were traded.
UiPath premarket price path
U.S. dollars per share; the dashed line marks Tuesday’s $18.14 close.
The fiscal Q2 earnings hurdle
Company guidance versus the year-earlier quarter; growth rates are calculated from reported figures.
Revenue: $395m–$400m versus $361.7m
+9.2% to +10.6%
ARR: $1.929b–$1.934b versus $1.723b
+12.0% to +12.2%
Non-GAAP operating income: $75m versus $62m
+21.0%
Sources: UiPath fiscal Q2 guidance and year-earlier results.
Cash cushions the revenue multiple
Market capitalization at Tuesday’s close, less April cash and marketable securities.
Equity market value$9.40bn
− $1.42bn cash
Cash-adjusted equity value$7.98bn
5.3×market cap / FY revenue midpoint
4.5×cash-adjusted value / FY revenue midpoint
20.0×forward P/E at Tuesday’s close
Sources: Yahoo Finance and UiPath. Cash-adjusted value is not enterprise value because liabilities are not deducted.
Fervo Stock Jumps 28% After Google Secures 396 MW in New Power Agreement
Shares of Fervo Energy Company jumped 28.41% on Tuesday, following the announcement of a 396-megawatt geothermal power agreement with Alphabet Inc.'s Google. The stock finished the session at $19.75, with a trading volume of 35.1 million shares. At 06:52:43 EDT Wednesday, Fervo Energy was trading at $19.56, marking a 0.96% decline from the previous close.
Fervo’s contract-day repricing
FRVO price, U.S. dollars
Google adds a large block to Fervo’s contracted base
Megawatts under binding PPAs, plus the conditional Google option
The contract supports financing, but the build remains costly
Reported or expected capital amounts, U.S. dollars
Intel Shares Drop 1.4% Before Market, Remain 7.6% Under $95 Offer Price
Shares of Intel Corporation declined 1.38% to $87.74 as of 06:36 EDT Wednesday, trading 7.64% under its latest $95 offering price. The difference increased as rising bond yields weighed on semiconductor stocks.
Intel’s premarket slide
Latest$87.74
Vs. Tuesday close−1.38%
Vs. $95 offer−7.64%
What the stock sale adds
US$ billions; arithmetic bridge, not company guidance
Cash + short-term investments
June 27$29.7BBefore the August sale
June 27$29.7BBefore the August sale
+
Estimated net offering proceeds$19.7BBase deal, after costs
=
Simple pro forma liquidity$49.4BBefore later cash movements
Sources: Intel Q2 results and offering release.
Chip shares in Tuesday’s selloff
Regular-session change; bar lengths scaled to the 2.36% largest decline
Broadcom−0.18%
Intel−0.60%
Nvidia−1.51%
AMD−2.36%
September 1, 2026 close. Source: Yahoo Finance market data; macro context from the Associated Press.
Credo Shares Drop 8.8% Premarket as Margin Outlook Blunts 115% Sales Growth
Credo Technology Group Holding Ltd. shares fell 8.8% before Wednesday’s open. Record sales failed to offset concern about the company’s margin path.
Credo’s two-session price reset
USD per share. Source: Yahoo Finance; premarket quotes can change before the open.
Quarterly revenue has more than doubled
Revenue in millions of dollars; fiscal Q2 uses the $530 million guidance midpoint.
Q1 FY2026$223.1m
Q4 FY2026$437.0m
Q1 FY2027$479.0m
Q2 FY2027 guide$530.0m
Source: Credo’s September 1 earnings release. Guidance is preliminary.
GAAP gross margin bends lower
Percent of revenue. The fiscal Q2 figure is the midpoint of 62.9%–64.9% guidance.
Q1 FY202667.4%
Q4 FY202668.2%
Q1 FY202764.5%
Q2 FY2027 guide63.9%
Source: Credo’s SEC-filed results and outlook.
Four customers generated 84% of revenue
Fiscal Q1 revenue share by end customer.
33%28%13%10%16%
Largest: 33%Second: 28%Third: 13%Fourth: 10%Others: 16%
Source: CFO Dan Fleming on Credo’s September 1 earnings call.
Ondas Slides 8% After Revenue Forecast Points to 74% Q4 Surge
WEST PALM BEACH, Florida, September 2, 2026, 06:31 EDT — Ondas shares dropped 8% after the company released a revenue outlook suggesting a 74% acceleration in fourth-quarter growth.
Ondas price path: a three-session reset
Regular-session closes in dollars, plus the latest premarket indication.
As of . Source: Yahoo Finance; Nasdaq prices.
Market value versus the operating base
Dollar values in billions; bars share a common $4.02 billion scale.
Sources: Yahoo Finance, September 1 close; Ondas Q2 release, August 13, 2026.
The revenue ramp embedded in guidance
Quarterly revenue in millions of dollars. Q3 and Q4 figures use guidance midpoints.
$83.8mQ2 actual
$147.5mQ3 midpoint
$256.1mQ4 implied midpoint; +73.6% sequentially
Q4 range: $236.1 million-$276.1 million, calculated from company guidance. Source: Ondas Q2 release.
Apple Shares Edge 0.2% Lower Before Market Open Amid iPhone 18 Pro Max Moves Near 37x Valuation
CUPERTINO, California, September 2, 2026, 02:46 PDT — Apple shares fell 0.2% in premarket trading as the iPhone 18 Pro Max pushes the company's valuation toward 37 times earnings.
Apple shares hold most of Tuesday’s gain
Tuesday’s close versus the latest delayed premarket reading, U.S. dollars.
Source: Google Finance. Market data may be delayed.
iPhone supplies nearly half of quarterly sales
Fiscal third quarter ended June 27, 2026; revenue in billions.
iPhone$54.25bn
Services$30.74bn
Mac$10.35bn
Wearables, Home & Accessories$7.88bn
iPad$6.19bn
Source: Apple fiscal Q3 2026 statements. Percentages use $109.42 billion total sales.
Analysts lean positive, but the target cushion is narrow
Ratings issued during the past three months.
16 Buy11 Hold4 Sell
$337.55average target
+3.8%to average target
$245–$400target range
Source: Google Finance, 31 analysts; checked September 2, 2026, 05:46 EDT.
Palo Alto Networks Shares Drop 2.2% After Forecast of 23%-24% Growth Indicates Deceleration
SANTA CLARA, California, September 2, 2026, 02:40 PDT — Palo Alto Networks stock declined 2.2% after the company projected revenue growth in the 23%-24% range, signaling a slowdown.
PANW earnings reaction: early gain erased
U.S. dollars per share; extended-hours trades around the September 1 close
Initial reaction$375.00 at 16:05 EDT
Tuesday close$362.09
Premarket$354.17, down 2.19%
As of . Five-minute and latest one-minute observations; source: Yahoo Finance.
Growth resets after the acquisition-heavy quarter
Year-over-year growth; fiscal Q4 2026 actual versus fiscal 2027 guidance midpoint
Revenue34.5% → 23.5%
NGS ARR63.0% → 22.5%
Remaining obligations34.0% → 19.5%
Guidance midpoint calculations from the September 1 company release. Percentages are year over year.
The $839 million operating-profit adjustment gap
Fiscal Q4 2026 operating income bridge, $ millions
$172mGAAP operating income
+$487mshare-based compensation
+$68macquisition-related costs
+$281macquired-intangible amortization
+$3mlitigation charges
Non-GAAP operating income: $1.011 billion
Figures and reconciliation: Palo Alto Networks fiscal Q4 release, September 1, 2026.
Legal Scrutiny on Sony PlayStation Licence Highlights ¥485 Billion Digital Sales
Sony’s dispute about whether PlayStation buyers acquire games or licenses now impacts its top gaming revenue segment. Four consumers in California allege that the store’s purchase wording concealed terms allowing licenses to be revoked. Sony is seeking to have their proposed class action moved to individual arbitration.
Sony ADR: close-to-premarket path
Selected observations in U.S. dollars; not a continuous intraday series.
As of . Source: Google Finance.
PlayStation quarterly sales mix
Game & Network Services sales: ¥937.1 billion, quarter ended June 30, 2026.
¥485.2bn · 51.8%Digital software and add-ons; direct purchase-language exposure
¥208.6bn · 22.3%Network services; PlayStation Plus and advertising
¥138.3bn · 14.8%Hardware
¥105.0bn · 11.2%Physical, other software and peripherals
Rounded figures may not sum exactly. Source: Sony FY2026 first-quarter supplemental information.
Digital-license case: confirmed checkpoints
Heycock et al. v. Sony Interactive Entertainment, case 3:26-cv-06016-VC.
Law takes effectAB 2426 adds license-disclosure rules.
Complaint filedFour California users seek class treatment.
Sony respondsMotion seeks arbitration or dismissal.
Hearing scheduled10:00 PDT before Judge Vince Chhabria.
Sources: California Legislature and federal court filing.
GoPro Shares Jump 42% as $1.14 Cash Deal Leaves a 10% Equity Stub
GoPro, Inc. shares jumped 41.5% to $1.24 on Tuesday. Starman Optical agreed to pay $1.14 a share in cash while leaving holders with about 10% of the combined company.
GoPro price reset around the merger terms
USD per share. Latest displayed quote: .
Source: ChartExchange. Regular-session closes and latest displayed after-hours quote.
What GoPro holders are being offered
$285maggregate cash payment
$1.14cash per share, subject to adjustment
~10%ownership retained in the combined company
~$92mGoPro debt to be repaid at closing
Source: GoPro merger announcement filed with the SEC, September 1, 2026.
Second-quarter operating pulse
Three months ended June 30, 2026; year-over-year changes.
Total revenue$105mdown 31%
Retail revenue$58mdown 48%
GoPro.com revenue$47mup 13%
Subscription + service$29mup 11%; 28% of sales
GAAP net loss$51mversus $16m loss
Adjusted EBITDA-$29mversus -$6m
Source: GoPro Q2 2026 results, released August 10, 2026.
IREN shares dip 0.8% as $4 billion in contracted AI ARR awaits execution assessment
Shares of IREN Limited declined 0.8% on Tuesday, as the market evaluated its sizable AI contract portfolio in contrast to its lower realized cloud revenue. The stock closed at $36.82, based on Yahoo Finance market data.
IREN closes, six sessions
Nasdaq regular-session close, U.S. dollars
The AI revenue handoff
Recognized revenue and non-GAAP annualized run-rate revenue are different measures.
$128.8mFY26 AI Cloud revenueGAAP revenue recognized in the year ended June 30
$1.0bnOperating ARRCommissioned GPUs under contract as of August 26
$4.0bnContracted 2026 ARRTargeted to operate by December 31, subject to delivery and acceptance
Scale gap: contracted ARR is 31.1× fiscal 2026 recognized AI Cloud revenue.
Source: IREN fiscal 2026 results
Delivery and funding coverage
2026 delivery target0.3 GWCumulative IT capacity, including four Childress Horizon deployments
2027 delivery target0.8 GWCumulative IT capacity across the expanding site portfolio
Investment-grade GPU facility6.0% rate$3.6bn financing; prepayments lift associated GPU-capex coverage to 96%
New GPU facility9.0% rate$2.4bn financing led within the new facilities; 90% GPU-capex coverage
Source: IREN fiscal 2026 results
Analyst recommendations
August 2026 distribution, 17 ratings
13Strong buy or buy
3Hold
1Sell
Source: StockAnalysis analyst tally
Nauticus Robotics Shares Surge 27% After Both ROVs Begin Commercial Work
Shares of Nauticus Robotics, Inc. surged 26.9% in after-hours trading. The firm announced that its two Comanche remotely operated vehicles are now in commercial operation.
KITT regular and extended-hours price
U.S. dollars per share; company release issued at 17:32 EDT
As of . Source: Yahoo Finance; five-minute observations, calculations by TS2.
Both commercial ROV assets are active
Comanche ROV 1U.S. Northeast
Supporting an offshore-wind development project.
Comanche ROV 2U.S. Gulf Coast
Performing commercial offshore-platform inspection.
Utilization: 2 of 2 systems deployedProject prices, duration and expected revenue were not disclosed. Other submitted proposals remain unawarded.
Status on September 1, 2026. Source: Nauticus Robotics.
The rally only brings market value level with quarterly burn
Millions of dollars; after-hours equity value uses $1.01 and 7,471,960 shares
After-hours equity value$7.55m
Q2 adjusted loss$7.00m
Q2 total expenses$6.90m
June cash plus restricted cash$1.98m
Sources: Nauticus Form 10-Q, Yahoo Finance and company results. Equity value is an estimate; TS2 calculations.
Snap Shares Decline 3.6% as 62% of Users Post $1 in ARPU
SANTA MONICA, California, September 1, 2026, 19:19 EDT — Snap saw its shares fall 3.6% after reporting that 62% of its user base accounted for $1 in average revenue per user.
Snap’s rebound stopped at the closing price
As of
Regular close$5.35 · −3.60%
Day range$5.28–$5.47
After hours, 19:12 EDT$5.3502
Unit: U.S. dollars per share. Source: Yahoo Finance, 15-minute observations with the latest extended-session print.
Q2 growth reached the cash-flow line
Three months ended June 30; U.S. dollars in millions
Revenue+19%
2025$1,345m
→2026$1,599m
Adjusted EBITDA+505%
2025$41m
→2026$250m
Free cash flow+407%
2025$24m
→2026$121m
Net lossloss narrowed 38%
2025−$263m
→2026−$164m
Adjusted EBITDA and free cash flow are non-GAAP measures. Source: Snap Q2 2026 results.
Most users remain in the $1 ARPU region
Q2 2026 daily active users and quarterly average revenue per user
North America
DAU share92m · 18.7%
ARPU vs regional high$10.26
DAU −7% · ARPU +23% year over year
Europe
DAU share98m · 19.9%
ARPU vs regional high$3.62
DAU −2% · ARPU +36% year over year
Rest of World
DAU share303m · 61.5%
ARPU vs regional high$1.00
DAU +12% · ARPU +4% year over year
Rest of World held 3.3 times North America’s daily users, but its ARPU was one-tenth as large.
Percentages may not sum due to rounding. Source: Snap Q2 2026 Form 10-Q.
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