UiPath Rises 14%, Eyes $31 Million ARR Challenge
UiPath Inc. faces mixed signals on Friday, as shares have surged but short-term forecasts indicate continued slower sales growth.
Marvell (NASDAQ:MRVL) shares rise 21% as hyperscalers boost AI investments
Marvell stock rose 7.7% in premarket trade to $197.40, before the start of regular U.S. trading hours.
IREN (NASDAQ:IREN) Shares Add to 30% Bounce, Await Key AI Revenue Test
Shares of IREN Limited gained 6.1% to $40.59 in premarket trading on Friday, after surging 30.5% to $38.26 on Thursday. U.S. markets had not yet opened at 06:05 EDT.
AXT (NASDAQ:AXTI) surges 27% as record indium phosphide sales push gross margin higher
AXT, Inc. shares were quoted at $59.60 ahead of the market open on Friday, up 27.0% from the previous session’s close at $46.94. Nasdaq trading had not yet started.
Reddit (NYSE:RDDT) shares drop 10% as 85% of net user growth comes from overseas markets
Reddit shares dropped in premarket trade on Friday, slipping to $161 after closing at $178.04 on Thursday, even as the company reported earnings that exceeded expectations.
Nokia (HEL:NOKIA) Stocks Climb Further Following €2.8 Billion AI Deals, Clear S&P Cash-Flow Criteria
Nokia Oyj gained 3.8%, trading at €8.23 as of 12:01 EEST on Friday. The OMX Helsinki 25 index advanced 0.9%. Shares in Helsinki traded as planned, with markets set to close at 18:30 EEST.
Apple Shares Slide 7% With Q3 EPS Boost Largely Attributed to Tariff Refund
Apple Inc. shares lost 7.3% in pre-market trading on Friday. Despite posting record quarterly revenue, investors concentrated on the company’s increasing supply constraints. The slide could wipe out roughly $361.6 billion in market capitalization.
Intel (NASDAQ:INTC) Shares Recover; Price Increases, Product Mix Account for 82% of Server Expansion
Intel stock finished Thursday up 11.3% at $91.13. Shares were indicated 5.0% higher at $95.71 as of 04:27 EDT Friday.
Nvidia (NASDAQ:NVDA) Shares Recover as AI Spending Boosts Cash Return
Nvidia Corporation gained 2.7% on Thursday, while its clients drew more attention. Investors on Wall Street favored AI investments linked to rapid cloud expansion, and penalized firms with less robust cash conversion. U.S. cash markets closed ahead of Friday’s session, as premarket activity took place.
Kioxia Holdings (TYO:285A) Launches ¥800 Billion Share Buyback Amid Rising AI Profits
Kioxia Holdings unveiled an ¥800 billion share repurchase following the market close in Tokyo on Friday. The company projected operating profit for July-September at ¥1.89 trillion, coming in below the ¥1.95 trillion consensus forecast from eight analysts polled by LSEG.
Monolithic Power Systems, Inc. (NASDAQ:MPWR) Rises 10% as Two Divisions Deliver 93% of Gains
Monolithic Power was quoted at $1,450 at 6:58 p.m. EDT, rising 10.2% compared to Thursday’s closing price of $1,316.18. Regular U.S. trading had finished, but after-hours trading was still active.
MARA Holdings (NASDAQ:MARA) surges 17% as AI infrastructure becomes more prominent than Bitcoin shift
MARA Holdings, Inc. jumped 17.4% on Thursday as investors reevaluated the company’s power assets for potential use in artificial-intelligence data centers. Bitcoin increased 1.5%. Regular U.S. markets have closed, but after-hours trading is still ongoing.
Tempus AI Falls in After-Hours Despite Topping Q2 Estimates; Second-Half Outlook in Focus
Tempus AI dropped 2.6% to $43.15 in after-hours trading on Thursday, following a slight beat for its second quarter and raised full-year revenue outlook. Shares finished regular trade up 6.6% at $44.29 prior to the report.
ASX 200 Pre-Open: Tech Rally Eyes 3% July Rise—Watch for Breadth as Trading Set to Begin
Australian shares looked poised to bounce back at the open on Friday, following Wall Street’s surge driven by AI. Futures indicated a reversal of Thursday’s widespread local losses.
TS2 Tech · Australia Market
ASX pre-open · Friday, July 31
Australia stock market forecast: the rally now needs earnings
Australia's stock market is expected to climb, tracking gains from a rally in U.S. tech stocks. The bigger challenge now lies ahead: the S&P/ASX 200 is trading higher than two stated year-end predictions, and earnings outlooks for sectors other than miners and banks are tightening.
Last updated July 31, 2026 · 08:02 AEST / 00:02 CEST · Market data accurate as of 08:02 AEST
S&P/ASX 200 · Thursday close
8,967.70
−70.90 · −0.78% July 30, 2026
52-week low · 8,262.40High · 9,202.90
The index sits 2.6% below its 52-week high.
ASX 200 futures · pre-open
9,016
+1.2% · rebound indicated
Wall Street provides momentum, though weaker oil prices and lacklustre iron ore result in a mixed outlook for Australian resources stocks.
+2.2%ASX 200 in July through July 30
19.1×Forward price-to-earnings ratio
3.6%Q2 trimmed-mean inflation, annual
4.35%RBA cash-rate target
How markets are positioned at Friday's open
U.S. technology stands out as a definite positive. Commodity indicators provide less clarity.
Markets overnight
Nasdaq Composite25,122.18 · +2.78%
S&P 5007,437.63 · +1.66%
Spot goldUS$4,104.59 · +1.0%
Australian dollar70.29 US cents
Lead commodity
Iron orenear US$98/t
Brent crudeUS$89.03/bbl · −1.9%
A decline in oil prices reduces an inflation threat, though it may pressure energy stocks. Iron ore trading close to US$98 a tonne offers limited new backing for miners ahead of the market open.
Inflation eases immediate rate risk
The RBA will announce its upcoming decision on August 11 at 14:30 AEST.
3.8%June CPI, year on year
Monthly inflation eased from 4.0% recorded in May, with the index for June slipping by 0.1% compared to the previous month. Trimmed-mean inflation for the second quarter stood at 3.6% year on year. Following the data, markets assessed the probability of an August rate increase at 3%, down from 21% earlier.
0.6%Q2 CPI, quarter on quarter
4.0%Q2 headline CPI, annual
0.8%Q2 trimmed mean, quarterly
3%Priced chance of an August hike
The earnings headline outpaces the underlying market performance
Consensus estimates for FY26 highlight the importance of August guidance.
With the gap remaining, the index continues to depend on two significant sources of profit. Trading at 19.1 times forward earnings, an overall lift in estimates would benefit the index more than a further increase in the valuation multiple.
Released index checkpoints
Thursday finished with prices confined to a tight band near key housing projections.
UBS · end-20268,8001.9% below Thursday's close
AMP · end-20268,9000.8% below Thursday's close
Morgan Stanley · mid-20279,2503.1% above Thursday's close
These levels serve as reference points, not as a unified market view, due to differing horizons. Dividends are not included in percentage gaps.
Short-term outlook map
No probability has been given. Each scenario hinges on earnings and interest rates.
Potential for gains
Above 9,202.90A decisive move past the 52-week high, supported by upgrades to net earnings, would place the previously published 9,250 checkpoint within reach.
Moderate approach
8,780–9,203Results largely align with expectations. The index remains in a tight range, with dividends making up a greater portion of the overall return.
Potential downside
Below 8,780Sector downgrades widen and support collapses. The 8,500 level is back in focus as high valuations face renewed pressure.
Factors that could boost the market
- August performance that exceeds, instead of just matching, FY27 guidance.
- RBA leaves rates steady on August 11 amid easing services inflation.
- Strong Chinese demand, consistent iron ore levels, and ongoing resilience in U.S. technology.
Key risks
- Profit reductions extend beyond the resources and financial sectors.
- Fresh oil-driven inflation, an interest rate increase by the RBA, or a drop in household spending.
- Industrial action is scheduled at BHP’s Port Hedland operations on August 8–9.
Market view
Futures on Friday indicate a steadier open, rather than suggesting a re-evaluation of value. The index is trading close to its 52-week peak and aligned with stated projections, so any lasting shift is expected to be driven by earnings changes. Miners, industrials, and healthcare appear better positioned, while banks, consumer discretionary, and real estate stocks face more sensitivity to interest rates and remain at higher valuations.
Reddit Shares Fall Following Q2 Earnings Beat as U.S. User Numbers Flatten
Shares of Reddit Inc. fell 9.3% in after-hours trade on Thursday, despite the company reporting earnings that topped expectations and providing upbeat guidance for the third quarter.
UiPath (NYSE:PATH) Shares Fall as Q2 Outlook Indicates Reduced ARR Growth
UiPath shares declined even as U.S. equities rose on Thursday. The company’s investor updates have not posted anything fresh since June 16, making the second quarter outlook the main reference point for investors.
Ondas (NASDAQ:ONDS) rises 9% after DZYNE issuance alters BlackRock (NYSE:BLK) ownership
Ondas Inc. stock rose 9.5% to $7.45 during afternoon trading on Nasdaq, after touching $7.48 earlier in the session. The advance came after BlackRock disclosed an ownership stake and Ondas announced its earnings date.
Nebius (NASDAQ:NBIS) Shares Soar 28% with Investors Responding to Q4 Revenue Growth
Nebius saw its simple equity value rise by roughly $10.7 billion by midday, based on 253.9 million shares outstanding as of March 31. Following the gains, the stock was just 5.1% under Freedom Capital’s $200 price target.
SMH (NASDAQ:SMH) Jumps 6.5% but Lags SOXX (NASDAQ:SOXX) as Semiconductor Stocks Gain Momentum
SMH saw a strong recovery on Thursday. The price stood at $537.18 as of 11:56 a.m. EDT after hitting a session high of $544.41 earlier. The most recent price remained under the $543 chart trigger highlighted by Yahoo Finance.
Apple heads into earnings with record streak as $1.5 billion margin question looms
Apple Inc. stock declined by 1.8% to $332.25 during late-morning trading on Thursday, while U.S. cash markets were open. The company is set to announce its fiscal third-quarter earnings after the market closes, with a conference call scheduled for 5 p.m. EDT.
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