Articles by Daniel Marsh
Palantir's P/E Premium to Nvidia Hits 473% as Q2 Revenue Surges 93%
Palantir shares dipped 0.45% to $185.45, trading at 158.5x earnings versus Nvidia's 27.7x, even as Q2 revenue surged 93% to $1.94B.
Futures Mixed as Brent Tops $90, Fueling Inflation Concerns
U.S. futures were mixed as Brent crude stayed above $90, intensifying inflation concerns. Tech and small caps edged higher, while Dow and S&P futures slipped.
GameStop Rallies as Cash Infusion Trims Share Dilution in Debt Swap
GameStop shares gained 3.2% premarket after amending its $1.4B debt exchange to include cash, reducing dilution by 20.4 million shares. Q2 sales fell 18.7%.
Intel Stock Edges Up in Premarket, Still Below $95 Offering Price
Intel shares gained 0.3% in premarket trading, but remain 5.5% below the $95 offering price. The company's $19.7B capital raise and Q2 revenue growth of 25% are key factors.
PG&E Tumbles 15% as California Wildfire Bill Omits Liability Shield
PG&E shares fell 15% premarket after California advanced wildfire legislation without a liability shield, pushing its P/E to 8.6x. Mizuho downgraded the stock.
Solstice Surges on $500M Buyback, Merger Scrapped
Solstice shares soared 12.8% after canceling its $14.5B merger and announcing a $500M buyback, with strong Q2 results and raised guidance.
IREN Stock Tumbles 12.5% as AI Push Strains Financing
IREN shares dropped 12.5% as the company's $4 billion AI expansion faces a $6.4 billion financing challenge, despite AI Cloud revenue surpassing bitcoin mining for the first time.
SpaceX Gains 0.5% as Capex Hits $18.4B, Valuation Reaches $1.86T
SpaceX shares edged up 0.45% to $141.50, boosting market cap to $1.86 trillion, as Q2 capex hit $18.4 billion and revenue soared 92%.
Intel Shares Slide 2.9% as AI Growth Fails to Offset Offering Dilution
Intel shares dropped 2.85% to $89.47, erasing $13.9B in market cap, as the stock closed below its $95 offering price. Q2 revenue jumped 25% on strong AI demand, but analysts maintain a Hold rating.