Close
$10.21
−3.59% Friday
Nokia shares fall 3.6% as AI order book puts pressure on cash flow
Nokia Oyj slipped 3.59% on Friday, wiping out roughly $2.1 billion in market capitalization. The stock ended the session at $10.21, breaking a three-day winning streak.
Nokia Oyj · NYSE: NOK
AI orders versus the cash-flow test
Market data: Aug. 28, 2026, 4:00 p.m. ET
Fundamentals and consensus: Aug. 29, 2026, 3:00 a.m. ET
Fundamentals and consensus: Aug. 29, 2026, 3:00 a.m. ET
Volume
50.6M
58% of 50-day average
Estimated value lost
$2.1B
Friday session
Analyst target
$15.02
47% implied upside
Order conversion bridge
Orders equal 58% of Q2 sales; management expects roughly half to convert within 12 months.
Profit quality
| Comparable operating profit | €434M | +18% YoY |
| Comparable operating margin | 9.0% | +70 bps |
| Reported operating result | −€50M | €390M restructuring charge |
| Free cash flow | −€732M | Q2 2026 |
| Net cash | €2.78B | −€1.01B QoQ |
Growth and valuation snapshot
| Metric | Latest | Comparison | Investor read-through |
|---|---|---|---|
| Group sales | €4.82B | +9% constant currency | Broad growth returned |
| Network Infrastructure sales | €2.04B | +12% constant currency | Optical and IP led |
| AI & Cloud sales | €446M | +105% constant currency | 9.3% of group sales |
| 2026 comparable operating profit | €2.1B–€2.6B | Midpoint €2.35B | Orders equal 1.19× midpoint |
| Analyst mix | 8 Buy / 2 Hold / 1 Sell | Targets $8.50–$21 | Wide execution range |
Friday peer tape
| Company | Ticker | Move |
|---|---|---|
| Nokia | NOK | −3.59% |
| BlackBerry | BB | −5.66% |
| Motorola Solutions | MSI | −0.11% |
| Apple | AAPL | +1.63% |
What changes the thesis
Oct. 22, 2026 Confirmed Q3 reporting date.
Upside: Faster order conversion, sustained Optical/IP growth and positive free cash flow.
Downside: Supply delays, continued restructuring outflows, customer concentration or currency pressure.
Sources: Nokia Q2 2026 earnings release and IR calendar; MarketWatch close and volume; Investing.com analyst consensus.
IREN Shares Slide 12.5% with $4 Billion AI ARR Offset by 68% EBITDA Decline
NEW YORK, August 28, 2026, 23:10. IREN shares dropped 12.5% after reporting $4 billion in annual recurring revenue from AI, which was accompanied by a 68% decrease in EBITDA.
IREN · NASDAQ: IREN
AI-cloud crossover, margin reset
Market close: Aug. 28, 2026 · 16:00 EDT
Quote feed checked: Aug. 28, 2026 · 20:15 EDT
Quote feed checked: Aug. 28, 2026 · 20:15 EDT
Close
$35.45
−12.5%
Volume
88.6M
~2.0× three-month average
Equity value erased
≈$1.8B
Yahoo closing capitalization basis
Catalyst
FY26 results
EBITDA missed the cloud ramp
Quarterly business mix · US$M
AI Cloud became 51.4% of quarterly revenue. Source: IREN FY26 results, Aug. 27.
Margin transmission
Adjusted EBITDA fell 68%; margin contracted to 14.0% from 41.1%.
Valuation bridge
| Metric | Value | Multiple |
|---|---|---|
| Closing market value | $12.67B | — |
| FY26 GAAP revenue | $707M | 17.9× |
| Operating ARR, Aug. 26 | $1.0B | 12.7× |
| Contracted 2026 ARR | $4.0B | 3.2× |
ARR is non-GAAP and assumes contracted GPUs operate 8,760 hours; recognized revenue may be lower.
Peer tape · latest quote feed 20:15 EDT
| Company | Price | Day |
|---|---|---|
| IREN | $35.45 | −12.6% |
| CoreWeave | $84.23 | −2.9% |
| Nebius | $209.18 | −4.3% |
IREN underperformed both neocloud peers by more than eight percentage points.
Fundamentals
| FY26 | Value | YoY |
|---|---|---|
| Total revenue | $707.0M | +41% |
| AI Cloud revenue | $128.8M | +685% |
| Adjusted EBITDA | $245.7M | −9% |
| Net result | −$702.6M | vs +$86.9M |
Net loss included $638.8M of non-cash impairments.
Analyst expectations
H.C. Wainwright: Buy, $90 target, reiterated Aug. 28.
B. Riley: commercial and financing path validated; execution now moves to commissioning.
Visible Alpha quarterly adjusted-EBITDA consensus was $57.1M versus $19.2M reported.
What moves the stock next
Delivery
Horizon 2 commissioning; Horizon 3–4 target Q4 2026.
Revenue conversion
$1B operating ARR must approach $4B contracted ARR.
Capital
$14B of cash, committed financing and prepayments supports rollout.
Risks
Delays, customer concentration, GPU pricing, debt and obsolescence.
Fubo Shares Edge Up 2% as 1080p Rollout Assesses Power of $1.47 Billion Subscriber Base
Shares of FuboTV Inc. climbed 2.0% on Friday as an announced upgrade shifted ESPN and Fox Sports channels to 1080p resolution. This adjustment increases pixel count by more than two times compared to 720p, while not needing 4K-compatible devices.
Fubo · NYSE: FUBO
1080p retention test
Sharper sports streams meet flat comparable revenue.
Market close: Aug. 28, 2026 · 16:00 EDT
Dashboard checked: Aug. 28, 2026 · 21:58 EDT
Dashboard checked: Aug. 28, 2026 · 21:58 EDT
Close
$10.30
+1.98%
Volume
813K
52% of 1.55M average
Market value
$1.12B
Google Finance
Analyst view
4 Buy
1 Hold · $17 mean target
Picture-quality jump
720p → 1080p
Reported for ESPN, ESPN2, FS1 and FS2.
Retention sensitivity
$7.4M
Estimated quarterly revenue preserved if 0.5% of 5.75M NA subscribers remain one extra quarter.
Operating bridge
| Metric | Latest | Comparison |
|---|---|---|
| NA subscribers | 5.75M | +2% YoY |
| NA revenue | $1.474B | ~flat pro forma |
| Adjusted EBITDA | $19.1M | 1.3% margin |
| Net loss | $(25.7)M | Improved from $(72.0)M pro forma |
Cash and targets
| Measure | Reading |
|---|---|
| Cash + restricted cash | $236.4M |
| FY2026 ending cash guide | ≥$200M |
| Positive free cash flow | Expected FY2027 |
| FY2028 adjusted EBITDA target | ≥$300M |
Sources: Fubo Q3 FY2026 release and SEC exhibit; Fubo pricing and 4K support; Google Finance; Cord Cutters News. The 0.5% retention case is an illustrative estimate, not company guidance. Monthly revenue run-rate uses quarter-end subscribers and includes advertising.
Apple Shares Gain 1.6% Ahead of Watch Ultra 4 Search Trends, $7.9 Billion Segment Trial Approaches
U.S. interest in “apple watch ultra 4” increased following Apple’s announcement of a product event set for September 9, drawing renewed focus to a hardware segment that generates $7.88 billion in quarterly revenue.
Apple Watch Ultra 4 search surge
AAPL market close: August 28, 2026, 16:00 EDT · financial data through June 27, 2026 · product status checked 19:46 EDT
AAPL close
$319.70
+1.61%
Equity value
$4.70T
≈$75B added
Wearables category
$7.88B
+6.5% YoY
Event
Sep. 9
10:00 PT
Verified versus expected
| Item | Status | Investor use |
|---|---|---|
| Apple event | Confirmed | Launch catalyst |
| “Apple Watch Ultra 4” | Not announced | Search term only |
| Current Ultra 3 | $799; 42 hours | Price and battery benchmark |
| Ultra revenue | Not disclosed | Tracked inside $7.88B category |
Category share
7.2%
of Q3 revenue
Apple Q3 revenue
$109.4B
+16% YoY
Gross margin
50.1%
≈2 points from tariff refunds
Valuation
36.7×
trailing earnings
Catalyst sequence
Aug. 26 event confirmed
Aug. 28 search surge
Sep. 9 product event
| Upside | Premium price holds and new health or connectivity features widen upgrade demand. |
| Middle | Incremental update sustains category growth near the latest 6.5% rate. |
| Downside | Limited differentiation shifts buyers to cheaper Watch models or delays upgrades. |
Disclosure gap: Apple does not report Apple Watch or Ultra revenue separately. Search interest cannot be translated directly into unit sales or margin.
Supermicro Shares Drop 3.6% With $69 Billion Revenue Goal Raising Margin Concerns
SAN JOSE, California, August 28, 2026, 19:32. Supermicro shares slid 3.6% after the company set a $69 billion sales target, putting further pressure on its efforts to restore profit margins.
Supermicro: growth target meets margin test
NASDAQ: SMCI · market close August 28, 2026, 16:00 EDT · financial data through June 30, 2026
Close
$37.08
−3.59%
Equity value
$25.7B
≈$960M erased
Volume
29.1M
55% of 50-day average
Trailing P/E
17.8×
EPS $2.08
Operating bridge
| Metric | FY2026 | Reference |
|---|---|---|
| Revenue | $39.1B | +78% YoY |
| Gross margin | 10.8% | 11.1% prior year |
| Net income | $2.2B | $1.0B prior year |
| Diluted EPS | $3.26 | $1.68 prior year |
Q4 margin reset
17.5%
9.5% one year earlier
Q1 FY2027 sales
$14.5–15.5B
Management guidance
FY2027 sales
$65–72B
Midpoint ≈30% above prior consensus
Valuation
0.66×
Market cap / FY2026 sales
What moves the stock next
| Positive | Quarterly revenue approaches $15B while gross margin holds above the 10.8% full-year level. |
| Neutral | Revenue scales, but mix pulls margin back toward the fiscal-year average. |
| Negative | Customer timing or power and cooling constraints delay rack acceptance. |
Risk: The $65–$72B outlook requires unusually rapid conversion of large AI-system orders. Server pricing, component costs and shipment timing can move both revenue and margin sharply between quarters.
Australia Stock Market Today 29/08/2026 [UPDATE: 08:36 AEST] [Weekly Recap + Week Ahead: Tech Rebounds Before GDP]
Weekly Recap + Week Ahead: Tech Rebounds Before GDP29/08/2026 · 08:36 AEST WEEKLY RECAP + WEEK AHEAD Tech rescued Friday; rates still set the risk The ASX 200 finished a volatile reporting-season week 0.37%…
WEEKLY RECAP + WEEK AHEAD
Tech rescued Friday; rates still set the risk
The ASX 200 finished a volatile reporting-season week 0.37% higher. Dicker Data led a Friday tech rebound, but sticky inflation, a 5.09% 10-year yield and next week’s GDP keep duration risk in focus.
CASH MARKET CLOSEDSaturday, 29 Aug 2026Updated 08:30 AEST (UTC+10)
S&P/ASX 200 · latest close
9,092.30 +0.60%
Friday 28 Aug, 16:00 AEST · +0.37% for the week
Friday snapshot
- All Ordinaries
- 9,294.30 +0.55%
- Breadth
- 99 up / 85 down
- Sectors
- 9 of 11 higher
- Volume
- Average
- ASX 200 off 52-week high
- −2.20%
AUD/USD0.7198Fri ASX close; high 0.7205
AU 10-year yield5.090%Fri 16:30 AEST
Iron oreUS$95.84/tFri quote, +0.17%
RBA cash rate4.35%Next decision 29 Sep
What drove the week
- Reporting season overwhelmed the index signal. Monday and Tuesday gains were erased after hotter July inflation; Friday’s tech bounce restored a small weekly gain.
- Inflation revived the hike debate. July headline CPI was 3.5% year on year versus 3.3% expected; trimmed mean held at 3.6%. Three major banks now see another RBA increase by year-end.
- The currency and bond market tightened conditions. AUD/USD approached a 3½-month high while the 10-year yield ended at 5.09%.
- China sensitivity remains. Iron ore held below US$100/t; next week’s China PMIs add an external demand check for miners.
Results-day leaders & laggards
| Stock | Fri | Verified catalyst |
|---|---|---|
| Dicker Data | +20.7% | H1 EBITDA +37.3%; guidance beat; AI invoiced value above A$50m |
| Pantoro Gold | +5.9% | Gold-sector strength before the later global sell-off |
| Xero | +4.8% | Software rebound |
| PEXA | −17.4% | FY27 guidance flagged slower property activity |
| WAM Capital | −18.5% | A$125.9m loss and dividend cut |
Week ahead
Scheduled events — no live-session implicationMON 31 AUG09:59 AEST
ASX opening auction; continuous trading follows at about 09:59:45.
11:30 AESTBusiness Indicators, mineral exploration and RBA financial aggregates.
TUE 1 SEP11:30 AEST
Balance of payments and government finance.
16:30 AESTRBA Index of Commodity Prices.
WED 2 SEP11:30 AEST
Q2 national accounts: GDP, consumption, investment, income and saving.
THU 3 SEP11:30 AEST
July international trade in goods.
FRI 4 SEP16:30 AEST
RBA balance sheet. Watch the weekly close against 9,128 and 9,038.
Bull case
Reporting-season beats broaden beyond software; GDP shows resilient private demand without another inflation shock; iron ore stabilises and 9,128 is reclaimed.
Bear case
GDP or wages data reinforce RBA tightening risk; global yields stay high after the Fed’s hawkish turn; 9,038 breaks and the index revisits 9,000.
Levels to watch
9,038 Thursday close / first support
9,128 Wednesday close / first resistance
9,272 6 Aug record close
Nvidia Shares Fall 4.6%, Wiping Out $253 Billion as Margin Concerns Eclipse $108 Billion Forecast
SANTA CLARA, August 28, 2026, 17:50. Nvidia shares closed down 4.6%, losing $253 billion in market value, as investors focused on margin risks despite the company issuing a $108 billion revenue forecast.
NASDAQ: NVDA · Post-earnings reset
Growth held. The margin premium did not.
Market close: Aug. 28, 2026, 16:00 EDT
After-hours check: 17:35 EDT
After-hours check: 17:35 EDT
Close
$217.55
▼ 4.57%
Equity value lost
≈$253B
One-session estimate
Volume
194.1M
136% of 65-day average
Market cap
$5.28T
P/E: 27.3×
Revenue scale and margin path
Revenue bars; amber line shows gross margin: 74.9%, 75.0%, then 74.0% midpoint guidance.
Quarterly comparison
| Metric | Q1 FY27 | Q2 FY27 | Q3 guide |
|---|---|---|---|
| Revenue | $81.6B | $96.2B | $108.0B ±2% |
| Seq. growth | 20.0% | 17.9% | 12.2% |
| Gross margin | 74.9% | 75.0% | 74.0% ±0.5 pt |
| Data center | $75.2B | $89.0B | Not guided |
Street and capital returns
| Consensus | Buy |
| Ratings mix | 57 Buy · 7 Overweight · 2 Hold · 1 Sell |
| Median target | $316.60 · 45.5% above close |
| Q2 capital returned | $26.0B |
| Remaining repurchase authority | $99.0B |
Operating signals
- Q2 revenue: +106% year over year.
- Data center: +117% to $89.0B.
- Adjusted EPS: $2.22 versus $2.09 consensus.
- FY2028 outlook: about 70% revenue growth.
Risk map
- Upside: faster Rubin supply, resilient hyperscaler spending, buybacks.
- Downside: margin compression, China limits, customer funding pressure.
- Watch: Nov. 25 Q3 report and 74% margin delivery.
Sources: NVIDIA Q2 FY2027 release; Reuters, Aug. 27–28, 2026; FactSet via WSJ/MarketWatch. Market figures are time-sensitive and stated as of the timestamps above.
Amazon Stock Jumps 4% as AWS’s 2 Million-GPU Expansion Adds $110 Billion
Amazon.com Inc. gained 3.97% on Friday. The move added roughly $109.8 billion to its equity value.
Amazon · NASDAQ: AMZN
AWS GPU expansion: the $110B market test
Market: Aug. 28, 2026, 17:11 EDT
Financials: Q2 ended June 30, 2026
Financials: Q2 ended June 30, 2026
Close
$266.43
▲ 3.97% regular session
Equity value added
≈$109.8B
Derived from $2.874T closing cap
Volume
49.32M
1.00× recent average
After hours
$266.31
▼ 0.04% at 17:11 EDT
AI capacity commitments
New Nvidia GPU deployment2.0M · 2027–2028
Earlier AWS deployment plan>1.0M · from 2026
Secure federal AI infrastructure100K GPUs
The new two-million-unit plan is incremental. Amazon disclosed no purchase cost, utilization target or return threshold.
What gets deployed
GPU familiesBlackwell Ultra
Rubin · Rubin Ultra
Rubin · Rubin Ultra
EC2 G7 inference4.6× vs G6
Vector indexingUp to 9× faster
Indexing cost¼ of prior cost
AWS operating engine
AWS reached a $169B annualized revenue run rate. Segment operating margin was about 39.3%.
Valuation and analyst range
Average-target upside22.7%
Trailing P/E21.43×
Latest displayed callUBS Buy · $318
Cash-flow transmission
Amazon Q2 net sales$200.6B · +20%
Amazon Q2 operating income$27.5B · +43%
TTM property/equipment increase+$66.1B year over year
TTM free cash flow−$7.6B vs +$18.2B
Investor bridge: Friday’s value gain was 2.6× one quarter of AWS revenue. Capacity must convert into durable utilization and cash returns.
Execution risks
01GPU supply and rack deployment timing
02Power, cooling and data-center construction
03Nvidia dependency and accelerator pricing
04Utilization against Microsoft and Google
05Capital intensity before revenue conversion
Sources: AWS–Nvidia announcement (Aug. 26, 2026); Amazon Q2 2026 results; Yahoo Finance AMZN quote and analyst display. Market-value gain is calculated from the closing market cap and daily return. Figures may be rounded.
Exascale Labs Begins Nasdaq Trading with 12% Surge as $300 Million Pipeline Outpaces $12 Million in Cash
NEW YORK, August 28, 2026, 13:37 EDT – Exascale Labs opened on the Nasdaq with its shares rising 12%, as the company debuted with $12 million in cash on hand and a project pipeline valued at $300 million.
XLAB investor dashboard
Debut-day demand meets a thin cash base
Exascale Labs drew heavy trading on its first Nasdaq session. The valuation case now rests on converting a large reported pipeline while funding an asset-heavy GPU capacity strategy.
Market figures as of August 28, 2026, 13:30 EDT / 19:30 CEST
Share price
$5.29
+12.08% versus prior close
Trading activity
5.54m
11.4× the 65-day average
Qualified pipeline
$300m
Company-reported; not booked revenue
Trust cash
≈$12m
After redemptions, before expenses
Price discovery was violent
Revenue versus reported opportunity
Quarterly revenue scaled from a small base
| Quarter | Revenue |
|---|---|
| Q4 2023 | $0.068m |
| Q1 2024 | $0.479m |
| Q2 2024 | $0.770m |
| Q3 2024 | $1.171m |
| Q4 2024 | $1.442m |
| Q1 2025 | $2.160m |
| Q2 2025 | $2.242m |
| Q3 2025 | $3.262m |
| Q4 2025 | $3.545m |
The company reported 64% average quarterly growth across this sequence. FY2025 revenue totaled $7.0 million.
Catalyst timeline
July 16
A three-year agreement committed about $71.4 million to dedicated GPU capacity. It is a procurement obligation, not customer revenue.
July 29
Shareholders approved the combination. Roughly $12 million remained in trust after redemptions, before transaction expenses.
August 27
The business combination closed. Management cited a qualified pipeline exceeding $300 million.
August 28
XLAB shares and XLABW warrants began Nasdaq trading.
Pipeline conversionQualified opportunities may not become contracts, revenue or cash.
Funding burdenThe $71.4 million capacity commitment exceeds disclosed post-redemption trust cash.
Price volatilityVolume was elevated and the price retraced sharply from its $10.80 high.
DilutionPublic warrants and future capital needs can expand the share count.
Sources: MarketWatch market data; closing announcement; SEC filing on trust cash; SEC investor presentation; GPU capacity agreement. Financial figures reflect company disclosures and are not forecasts.
Core AI Stock Jumps 56% as Q2 Revenue Rises to $22.4 Million
Core AI Holdings shares jumped about 56% on Friday after quarterly revenue reached $22.35 million. Trading volume exceeded 205 million shares, roughly 388 times its recent average.
Core AI Holdings — earnings reaction
NASDAQ: CHAI · Mobile games and advertising analytics
+≈56% intraday
Share price
$0.39
Aug. 28, 2026, 13:15 EDT
Volume
205.7m
≈388× 530,760 average
Market value
$10.3m
≈+$3.7m versus prior close
Q2 revenue
$22.35m
+55.8% year over year
Quarterly economics
| Metric | Q2 2026 | Q2 2025 | YoY |
|---|---|---|---|
| Revenue | $22.35m | $14.34m | +55.8% |
| Gross profit/(loss) | ($0.01m) | ($0.40m) | 97.2% narrower |
| Net loss | ($1.62m) | ($0.76m) | +114% |
| H1 revenue | $26.12m | $28.85m | -9.5% |
| H1 operating cash flow | $5.45m | ($2.42m) | Turned positive |
Revenue and gross margin signal
Q2 nearly erased the quarterly gross loss, but first-half gross margin remained about -11.8%.
Cash
$12.04m
June 30; $1.93m at Dec. 31
Working capital
$1.91m
Current assets less liabilities
Top-two customers
78.4%
Share of H1 revenue
Accumulated deficit
$37.22m
June 30, 2026
What matters next
Margin proofAnother near-breakeven gross-margin quarter would show Q2 was repeatable.
FinancingA $3.54m ATM capacity and outstanding warrants create dilution sensitivity.
ListingThe stock remains below Nasdaq's $1 minimum-bid threshold despite Friday's rally.
Market data: Robinhood snapshot at 13:15 EDT, Aug. 28, 2026. Financial data: Core AI Holdings Form 6-K filed Aug. 27, 2026. No reliable broad analyst-consensus set was available. Figures rounded; market-value change is estimated.
Pasqal Shares Surge 54.7% at Nasdaq Debut After $2 Billion Quantum Merger
Pasqal Holding SA surged 54.7% during its Nasdaq debut. The stock was at $15.14 as of 10:57 EDT, with trading volume at 2.15 million shares.
NASDAQ: PSQL · first-session dashboard
Pasqal’s debut premium meets a small revenue base
PSQL: Aug. 28, 2026, 12:59 EDT
Peers: 12:46–12:47 EDT
Peers: 12:46–12:47 EDT
PSQL price
$14.50
+48.12% vs $9.79 prior close
Day range
$13.08–$19.00
45.3% low-to-high spread
First-day volume
2.85M
shares by 12:59 EDT
Cash at closing
≈$360M
for deployment, manufacturing and R&D
First-session price discovery
The late-morning price sat 23.7% below the high but 10.9% above the low.
Transaction-value bridge
Original reference price
$10.00 per share
Current debut price
$14.50 per share
Using the original 264.4M-share model, $14.50 implies an illustrative $3.83B equity value—not a verified current market cap.
Commercial scale and valuation signals
| Measure | Reading | Investor interpretation |
|---|---|---|
| 2025 commercial revenue | €16.5M | 4.7× 2024 level |
| 2025 total revenue incl. grants | €23.7M | Grants remain material |
| Booked / awarded business | >€66M | >4.0× commercial revenue |
| Illustrative equity value | $3.83B | ≈200× 2025 commercial revenue* |
| Cash per modeled share | ≈$1.36 | Based on $360M / 264.4M |
*Illustrative, using $1 = €0.8614 and the original no-redemption share model.
Quantum peer tape
| Company | Price | Day | Market value |
|---|---|---|---|
| Pasqal | $14.50 | +48.12% | Debut; share count unsettled |
| IonQ | $39.17 | −7.75% | $14.42B |
| Rigetti | $15.63 | −4.93% | $5.20B |
| D-Wave | $16.81 | −6.12% | $6.23B |
| Quantum Computing | $8.16 | −5.72% | $1.83B |
Operating footprint
- 10 processors: seven installed and three in production.
- Up to 13 systems: stated annual plant capacity in France and Canada.
- 40+ clients and partners: including commercial and research users.
- 85+ patents: issued or pending; 70+ PhDs on staff.
- Roadmap: more than 200 logical qubits targeted by late 2029.
What investors should monitor
- Final capitalization: redemptions, warrants, convertibles and lockups.
- Cash conversion: closing cash was about $289M below the no-redemption model.
- Revenue delivery: conversion of the >€66M booked/awarded pipeline.
- Hardware milestones: deployment pace, error rates and logical-qubit progress.
- Coverage: no reliable broker consensus was available on debut day.
Synopsys Shares Drop 3.4%, Wiping Out $3.1 Billion Following Earnings Surge
Synopsys, Inc. dropped 3.4% on Friday, wiping out approximately $3.1 billion in market capitalization following a surge on Thursday after earnings. Despite the pullback, the shares stayed about 9.5% higher than before the results were announced.
Synopsys / SNPS
A $3.1B pullback leaves most of the earnings rerating intact.
Market data: Aug. 28, 2026
11:33:12 EDT
11:33:12 EDT
Share price
$448.92
−3.44% today
Market cap
$86.36B
current implied value
Value erased
≈$3.07B
during Friday’s pullback
Post-report gain left
≈9.5%
versus Aug. 26 close
Rally, retracement, remainder
Friday retraced about 29% of Thursday’s estimated $10.6B market-value gain.
Quarter and raised outlook
| Measure | Latest | Signal |
|---|---|---|
| Q3 revenue | $2.477B | +42% YoY |
| GAAP net income | $545.8M | +125% YoY |
| Non-GAAP EPS | $3.91 | Above guide |
| FY revenue midpoint | $9.715B | Raised |
Ansys now matters at group scale
$2.98B
Ansys FY revenue
Ansys FY revenue
→
30.7%
of group midpoint
of group midpoint
→
$9.715B
group revenue
group revenue
Ansys contribution30.7%
Cash conversion and valuation
| Operating cash-flow target | ≈$2.8B |
| Free cash-flow target | ≈$2.6B |
| FCF / revenue midpoint | 26.8% |
| Average analyst target | $544.97 |
| Target upside | ≈21% |
What can break the thesis
Ansys integration costs, slower EDA demand and weaker cash conversion could compress the earnings multiple. The gap between 41.5% non-GAAP and 10.4% GAAP operating-margin guidance remains large.
Next checkpoints
Q4: $2.530B–$2.580B revenue and $4.10–$4.16 non-GAAP EPS. Full year: $15.04–$15.10 non-GAAP EPS and approximately $2.6B free cash flow.
Sources: Synopsys fiscal Q3 release and financial supplement; market data at 11:33:12 EDT; analyst consensus accessed Aug. 28. Market-value changes are estimates derived from reported price moves and current capitalization. Not investment advice.
FingerMotion Jumps 261.7% After Announcing Modular AI Data-Center Strategy
FingerMotion, Inc. shares surged over threefold on Friday, following the announcement of a modular artificial-intelligence data-center plan with BlueFlare Energy Solutions. The move boosted implied equity value by approximately $27.8 million.
FingerMotion / FNGR
The market priced an AI-infrastructure plan before contracts.
Market data: Aug. 28, 2026
11:26:07 EDT
11:26:07 EDT
Share price
$0.6272
+261.7%
Volume
855.35M
shares traded
Market cap
$38.44M
current implied value
Value added
≈$27.80M
versus prior implied cap
From concept to scale
1–2 MW
initial module
initial module
→
10 MW
next stage
next stage
→
20 MW
larger site
larger site
Transaction and demand signals
| Measure | Figure | Status |
|---|---|---|
| Lyken.AI ownership | 9.9% | Acquired |
| FNGR shares issued | 1,674,480 | Restricted |
| Cash paid | $0 | Equity-funded |
| B300 nodes | 128 | Nonbinding MOU |
Execution checklist
Strategy announced with BlueFlare
Secure site control
Sign firm generation and fuel arrangements
Convert customer interest into binding offtake
Close asset-level project financing
Risk lens
The rally values execution that has not occurred. No site, power, customer or project-financing agreement is definitive. The Lyken customer memorandum is nonbinding. Equity consideration dilutes holders, while micro-cap liquidity can reverse quickly.
Illustrative milestone completion: strategy disclosed; four core contractual steps remain.
Sources: FingerMotion announcement and June 8-K; Aug. 28 filing summary; market data at 11:26:07 EDT. Implied prior market cap and value added are calculations from current market cap and the 261.7% price move. Not investment advice.
SharonAI Shares Drop 4.2% After Nvidia Halts Financing, Leaving $4.88 Billion Deal in Limbo
NEW YORK, August 28, 2026, 11:13 – SharonAI shares slid 4.2% as uncertainty grew over its $4.88 billion deal with Nvidia, following Nvidia's decision to suspend financing arrangements.
NASDAQ: SHAZ · Stock move
SharonAI financing-risk dashboard
A contract-heavy AI infrastructure story meets a tougher funding signal.
Market data: Aug. 28, 2026
10:53:32 EDT
10:53:32 EDT
Share price
$56.73
−4.19% · −$2.48
Open $56.24 · Range $54.07–$57.75
Market value
$1.064B
≈$47M erased
Implied from current cap and session move
Volume
729,246
Shares traded by 10:53:32 EDT
Nvidia agreement
$4.88B
Maximum six-year contract value
Scale mismatch
Contracts lead recognized revenue by years
Total contract value is an operating measure across multi-year terms. It is not GAAP revenue.
Catalyst
Nvidia financing pause
Reuters reported Nvidia paused some credit-support deals that exchanged financing help for cloud-revenue participation.
Program <2 months old
Antitrust concern
May be revamped
Nvidia said the broader compute-access model remains in place and continues to evolve.
Q2 2026 snapshot
| Metric | Value | Signal |
|---|---|---|
| Revenue | $1.93M | +412% YoY |
| Adjusted EBITDA | $0.59M | Positive |
| Net loss | −$430.4M | Mostly non-cash |
| Cash | $1.861B | Build-out buffer |
| Current note liabilities | $1.007B | Financing weight |
Contract conversion watch
| Checkpoint | Why it matters |
|---|---|
| Financing terms | Determines deployment cost and equity dilution |
| GPU acceptance | Triggers capacity availability and revenue |
| Customer utilization | Turns reserved capacity into billed sales |
| Contract amendments | Tests whether Nvidia's pause reaches SharonAI |
| Cash burn | Measures runway during infrastructure ramp |
Sensitivity map
What changes the equity case?
Investor read
The stock move values implementation risk, not simply demand. SharonAI's SEC filing already says deployments need additional debt or equity financing and face phased acceptance tests.
Key question: can $8.8 billion of contracted value convert into revenue without costly new capital?
Veeva Shares Maintain 14.8% Earnings Surge; Revenue Hits $928 Million
Veeva Systems held onto most of its post-earnings gains on Friday, as higher subscription growth and expanding operating margins contributed to a valuation boost of about $6.0 billion.
VEEVA SYSTEMS · NYSE: VEEV
Growth beat, margin expansion, tighter valuation
Market data: Aug. 28, 2026, 10:18 EDT
Results: fiscal Q2 ended July 31, 2026
Results: fiscal Q2 ended July 31, 2026
Share price
$281.08
−0.37% Friday
Post-results gain
+14.8%
From $244.91
Value added
≈$6.0B
Market cap: $46.43B
Analyst target
$292.22
≈4% upside
Quarterly growth and operating leverage
| Metric | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Total revenue | $928.0M | $789.1M | +18% |
| Subscription revenue | $766.8M | $659.2M | +16% |
| GAAP operating income | $275.0M | $195.9M | +40% |
| GAAP net income | $273.4M | $200.3M | +37% |
| Adjusted EPS | $2.35 | $1.99 | +18% |
Margin signal
GAAP operating margin
29.6%
+480 basis points YoY
Subscription revenue mix
82.6%
Recurring subscription growth and restrained cost expansion drove the earnings leverage.
Platform adoption
180+ Vault CRM customers live12 top-20 biopharma commitments5 Veeva Falcon early adopters100+ Veeva Safety customers1,500+ total customers
Vault CRM conversions and Falcon deployments are the clearest operating tests behind the AI narrative.
Guidance bridge
Q3 adjusted operating-income midpoint: $418.5M. Full-year adjusted operating income: about $1.64B.
Investor checkpoints
ValuationAbout 46× trailing earnings; the consensus target offers only modest upside after the rally.Liquidity$7.24B of cash and short-term investments supports product investment and acquisitions.ExecutionWatch Vault CRM migrations, top-20 biopharma wins and initial Falcon go-lives.RiskLarge enterprise timing, competitive pricing and slower agentic-AI adoption could pressure growth.
SentinelOne Shares Decline 5.9% After Company Cuts EPS Forecast, Despite 22% Increase in ARR
Shares of SentinelOne declined 5.94% in premarket trading on Friday following a mixed earnings forecast. Robust growth in recurring revenue did not counterbalance the company cutting its full-year profit outlook.
SentinelOne investor dashboard
Recurring growth versus weaker per-share profit expectations
Premarket: August 28, 2026, 09:30 EDT · Results: fiscal Q2 ended July 31, 2026Premarket price
$21.36
−5.94% · −$1.35
Implied value lost
$455M
336.75M shares × $1.35
Revenue
$292M
+21% year over year
ARR
$1.218B
+22% year over year
Guidance reset
| Metric | New | Previous / consensus |
|---|---|---|
| Q3 revenue | $309M–$311M | $310M consensus |
| Q3 adjusted EPS | $0.08–$0.09 | $0.10 consensus |
| FY revenue | $1.202B–$1.207B | $1.195B–$1.205B |
| FY operating income | $124M–$128M | $115M–$125M |
| FY adjusted EPS | $0.30–$0.32 | $0.32–$0.38 |
| FY diluted shares | 361M | 350M |
Growth and customer depth
Revenue growth
21%
ARR growth
22%
$100K+ ARR customers
1,715 · +13%
Bar lengths normalize the displayed growth rates to a 25% scale.
Margin split
| Non-GAAP operating margin | 10% | 2% year ago |
| Non-GAAP net margin | 10% | 5% year ago |
| GAAP gross margin | 72% | 75% year ago |
| Non-GAAP gross margin | 77% | 79% year ago |
| GAAP net margin | −32% | −30% year ago |
Per-share expectation gap
Change in guidance midpoints versus the prior company outlook.
Investor read-through
The selloff reflects a quality-of-earnings question. ARR and revenue still grow above 20%, and adjusted operating margin reached a record 10%. Yet a larger diluted share count and lower EPS range mean that improved operations are not translating cleanly into per-share earnings.
Balance sheet and cash flow
| Cash and investments | $813M |
| Q2 free cash flow | −$13.2M |
| Six-month operating cash flow | $31.9M |
| Six-month free cash flow | $17.5M |
| GAAP Q2 net loss | $93.4M |
Analyst frame
| Consensus | Overweight |
| Buy / Overweight | 22 |
| Hold | 16 |
| Average target | $22.98 |
| Target range | $15.50–$28.00 |
Average target implies roughly 8% upside from the 09:30 EDT premarket price.
Sources: SentinelOne fiscal Q2 2027 release and filings; MarketWatch; Public premarket data; Investor’s Business Daily; WSJ/FactSet. Extended-hours prices can be thin and volatile.
Autodesk Shares Drop 4.1% After Q3 Profit Outlook Misses Forecasts Despite 16% Revenue Rise
Autodesk, Inc. dropped 4.1% after reporting a robust quarter but issuing a weaker short-term profit outlook. Shares changed hands at $259.50 as of 07:15 EDT on Friday.
NASDAQ: ADSK · earnings dashboard
Growth beat, profit bar disappoints
Market data: Aug. 28, 2026, 07:15 EDT
Financials: quarter ended July 31, 2026
Financials: quarter ended July 31, 2026
Premarket
$259.50
▼ 4.09% · -$11.08
Implied value loss
≈$2.34B
211M shares × $11.08
Q2 revenue
$2.046B
▲ 16% YoY
Free cash flow
$561M
▲ 24% YoY
The expectations gap
Revenue guide above StreetEPS guide below StreetMaintainX costs included
Quarter scorecard
| Metric | Q2 FY27 | YoY |
|---|---|---|
| Billings | $1.854B | +10% |
| Revenue | $2.046B | +16% |
| GAAP operating margin | 29% | +4 pts |
| Adjusted margin | 41% | +2 pts |
| Adjusted EPS | $3.30 | +$0.68 |
Revenue mix
AECO · $1.029B · +17%
AutoCAD · $500M · +14%
Manufacturing · $385M · +15%
Media & Entertainment · $92M · +15%
Backlog visibility
| Current RPO | $5.245B | +12% |
| Total RPO | $7.433B | +2% |
| Deferred revenue | $4.258B | +11% |
| Unbilled deferred revenue | $3.175B | -8% |
Lower multi-year discounts support pricing but temporarily weigh on long-duration RPO.
Full-year FY27 guide
| Revenue | $8.295B–$8.345B |
| Billings | $8.575B–$8.650B |
| Adjusted margin | ≈39% |
| Adjusted EPS | $12.52–$12.60 |
| Free cash flow | $2.725B–$2.750B |
Free cash flow includes about $45M of MaintainX transaction expenses.
Investor lens
Autodesk is expanding revenue, current backlog and margins. The selloff says the market wants that strength to reach per-share profit faster. MaintainX can deepen the platform, but its integration now sets the next execution hurdle.
Sources: Autodesk Aug. 27, 2026 earnings release and opening commentary; MarketWatch; Barron’s; MarketBeat. Market figures may be delayed. Informational only.
Marvell Shares Drop 6.9% as Google AI Revenue Timeline Pushes Out to 2029
SANTA CLARA, California, August 28, 2026, 07:21 — Marvell Technology fell 6.9% as investors reacted to Google's adjusted forecast, placing significant AI-related revenue gains further out to 2029.
NASDAQ: MRVL · Fiscal Q2 2027
Record quarter, delayed payoff
The market discounted strong results because Google-linked revenue is weighted toward fiscal 2029.
Market data: Aug. 28, 2026, 06:57 EDT
Financials: quarter ended Aug. 1, 2026
Financials: quarter ended Aug. 1, 2026
Premarket price
$224.77
−6.91% vs. $241.45 close
Implied value erased
≈$14.6B
$16.68 per share × 875.8M shares
Quarterly revenue
$2.739B
Record; +37% year over year
Data-center revenue
$2.17B
+46%; about 79% of sales
Revenue scale and forward targets
Management lifted fiscal 2027 guidance by about $500 million and fiscal 2028 guidance by about $1.5 billion.
Quarterly scorecard
| Metric | Q2 FY27 | Signal |
|---|---|---|
| Revenue | $2.739B | +37% |
| Adjusted EPS | $0.94 | $0.93 est. |
| GAAP net income | $308M | +58% |
| Operating cash flow | $605.5M | 22.1% margin |
| Non-GAAP gross margin | 58.9% | Profitable scale |
Guidance and timing
| Signal | Current view | Investor meaning |
|---|---|---|
| Q3 revenue | $3.15B ±5% | More than 50% growth implied |
| Q3 adjusted EPS | $1.10 ±$0.05 | Above Q2 run-rate |
| Google contribution | Some through FY28 | Larger in FY29 |
| Investor Day | Oct. 6, 2026 | Next major detail point |
Valuation and analyst frame
The median target offers roughly 22% upside from premarket. Forward P/E is 58.4×, versus 32.2× for Broadcom.
Rubrik Shares Drop 6.7% Even as Revenue Jumps 38% and Forecast Rises
Rubrik, Inc. stock dropped 6.7% in premarket trade on Friday, even after the company surpassed quarterly expectations. The slide wiped about $1.5 billion in implied market capitalization.
NYSE: RBRK · Fiscal Q2 2027
Strong quarter, tougher expectations
Rubrik beat revenue and earnings estimates, then sold off before the open.
Market data: Aug. 28, 2026, 06:44 EDT
Financials: quarter ended July 31, 2026
Financials: quarter ended July 31, 2026
Premarket price
$99.84
−6.71% vs. $107.02 close
Implied value erased
≈$1.5B
Based on $22.03B market value
Quarterly revenue
$427.3M
+38% year over year
Subscription ARR
$1.66B
+33% year over year
Why the stock moved
The selloff reversed part of Thursday’s 11.3% surge. Premarket price remained 3.9% above Wednesday’s close, supporting an expectations-reset reading.
Operating scorecard
| Metric | Q2 FY27 | Signal |
|---|---|---|
| Revenue | $427.3M | +38% |
| Subscription revenue | $407.2M | +37% |
| Cloud ARR | $1.48B | +39% |
| $100K+ ARR customers | 3,084 | +23% |
| Free cash flow | $65.7M | 15% margin |
Guidance reset
| Fiscal 2027 | New range | Prior range |
|---|---|---|
| Revenue | $1.685B–$1.693B | $1.638B–$1.648B |
| Adjusted EPS | $0.47–$0.53 | $0.25–$0.35 |
| Subscription ARR | $1.880B–$1.885B | Raised |
| Free cash flow | $323M–$333M | Raised |
Analyst expectations
Twenty-eight analysts tracked by StockAnalysis rate the shares Buy or Strong Buy. New post-results targets included $115, $120 and $130.
PayPal Shares Drop 15.4% Following Abandoned $53 Billion Acquisition Attempt
SAN JOSE, California, August 28, 2026, 07:02 — PayPal Holdings Inc shares slumped 15.4% after the company called off its pursuit of a $53 billion takeover, prompting investor concerns over its growth strategy.
PayPal · NASDAQ: PYPL
Bid premium disappears; execution takes over
Premarket takeover-reset dashboard
$52.00▼ 15.41%
Aug. 28, 2026 · 06:52 EDT
Value erased*
≈$8.1B
Reported bid
$53B
TTM revenue
$34.13B
TTM net income
$4.90B
Price markers
Reported offer$60.50
Prior close$61.47
Premarket$52.00
Premarket price equals 86% of the reported offer. Shares had gained nearly 30% since the pursuit was reported.
Core question: can PayPal's turnaround deliver growth and margin expansion without merger optionality?
Operating and valuation signals
Shares outstanding855.46M
Forward P/E11.08×
2025 revenue growth4.3%
2025 earnings growth26.2%
Analyst consensusHold
Average target$60.57
Main risksCompetition · execution
Sources: Reuters, PayPal investor relations and StockAnalysis. *Estimated from the $9.47 premarket decline and 855.46 million shares outstanding. Market data is time-sensitive.
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