US Stocks Open: AI Earnings Reset Erases $68 Billion from Four Firms’ Value
U.S. stocks ended mixed on Thursday, with chip manufacturers rebounding as software and data storage stocks posted significant earnings declines.
Datadog stock tumbles as leading AI client flags weaker second-half outlook
Datadog, Inc. stock dropped 14.2% on Thursday. Shares were at $242.90 at approximately 10:51 a.m. EDT, during active U.S. trading hours.
Western Digital (NASDAQ:WDC) drops 15% as margin forecast challenges AI-storage gains
Shares of Western Digital Corporation dropped roughly 15% in premarket trading on Thursday. Despite reporting robust quarterly earnings and issuing an outlook that surpassed analyst expectations, the company could not meet high investor demands.
Nasdaq Futures Drop in Early Trading as AI Leaders Face Tougher Earnings Hurdles
NEW YORK, August 6, 2026, 09:02 EDT - U.S. stock index futures turned lower on Wednesday, with Nasdaq futures under the most pressure as some top artificial intelligence stocks confronted stronger earnings expectations.
SoundHound AI (NASDAQ:SOUN) surges following Q2 results that clear revenue target for 2026
As of 09:06 EDT, the U.S. cash market remained closed. Shares of SoundHound AI, Inc. changed hands at $8.28 in premarket activity, rising from a previous close of $6.43 on Wednesday.
Dell maintains stock premium as AI-driven cash flow surpasses Super Micro
Dell Technologies traded at a significant premium compared to Super Micro Computer. This divergence highlights cash conversion differences rather than a decline in AI-server demand. U.S. cash markets remained closed, but premarket trading was underway.
Celestica Inc. (NYSE:CLS) Shares Fall to $310 Issue Price Amid $3 Billion AI Equity Raise Putting 2027 Expansion Plans Under Spotlight
Shares of Celestica dropped nearly to the offering price ahead of Thursday’s market open. The AI infrastructure vendor set the stock sale price at $310, down from Wednesday’s closing level of $362.76.
Nokia (HEL:NOKIA) shares decline as €2.8 billion in AI and cloud deals await conversion
Nokia Oyj slipped 1.1% to €8.36 on Thursday, while the OMXH25 index in Helsinki climbed 0.6%. The differing performance brings focus to order conversion in trading.
Figma shares drop 15% as rising AI expenses overshadow 48% revenue increase
Shares of Figma, Inc. dropped 15.1% to $23.90 in premarket trade on Thursday. The main New York Stock Exchange session was not open.
Nvidia (NASDAQ:NVDA) Shares Gain Roughly $178 Billion Following AI Chip Success
NVIDIA Corporation saw its market value rise by around $177.6 billion on Wednesday. The increase followed SpaceX opting to rely solely on NVIDIA chips.
SpaceX (NASDAQ:SPCX) Braces for $99 Billion Lockup Expiry Following Major AI Capex Boost
Space Exploration Technologies Corp. faces its initial key float test on Thursday. Up to 912 million additional shares held by staff and early backers become available for sale. The move has the potential to more than double the present public float.
SoundHound AI (NASDAQ:SOUN) Rises Following Q2 Results, Guidance Implies 31% Increase Needed in H2
Shares of SoundHound AI surged 14.8% to $7.38 in after-hours trading on Wednesday. The stock finished the regular session down 1.2% at $6.43. Trading continued in Nasdaq’s post-market window after the close.
Wall Street Pushes Higher; Dow Climbs as Investors Anticipate Increased AI Expenditure
NEW YORK, August 5, 2026, 4:06 p.m. EDT — The Dow advanced on Wednesday, with Wall Street lifting expectations for artificial intelligence spending, supporting gains in U.S. stocks during afternoon trading.
Datavault AI (NASDAQ:DVLT) drops 24% with Nasdaq compliance deadline in sight, August 11
Shares of Datavault AI Inc. dropped roughly 24% to $0.28 on Wednesday, with trading volume surpassing 128 million shares by the last hour.
IREN Shares Drop as Focus Turns to AI Cloud Execution After Mirantis Agreement
Shares of IREN declined 1.5% on Wednesday following the AI cloud company’s completion of its Mirantis acquisition. The stock hovered around $40.25 during early afternoon trading.
Alphabet (NASDAQ:GOOGL) Loses Nearly $175 Billion After Google Overhauls AI Team
Alphabet's stock dropped almost 4% following Google's announcement of its largest AI leadership restructuring since unifying DeepMind with Google Brain. Early estimates indicate a loss of equity value near $175 billion. That is equivalent to about 87% of the $200 billion midpoint forecast for Alphabet’s capital spending in 2026.
Meta’s Compensation and Anthropic Rise Draw Focus as AI Talent Wars Intensify
Last quarter, Meta Platforms reported the highest apparent equity-based compensation expense among four leading U.S. AI platforms, highlighting a new cost risk amid heightened competition for talent in the sector.
Dell’s $51 Billion AI Order Backlog Surpasses Projected FY27 Revenue Shortfall, Highlighting Margin Concerns
Dell Technologies reported an AI backlog that amounts to 117% of the additional revenue required to meet its fiscal 2027 server goal. Shares advanced 2.0% to $476.81 during late-morning trading in New York.
US Futures Gain as Market Differentiates Between Profitable AI Players and High Expenditures
U.S. stock futures climbed ahead of Wednesday's open. Cash markets had yet to commence. The Nasdaq underperformed as investors distinguished AI demand from actual earnings results.
Nokia Stock (HEL:NOKIA) Rebounds as AI Order Surge Shifts Focus to Revenue Conversion
Nokia Oyj rose 0.7% Wednesday in open Helsinki trading. The gain extended a 15% rebound from its July 29 close.
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