HP Stock Plunges 10% on PC Shipment Slump, $3B Market Value Erased
Earnings James Calloway

HP Stock Plunges 10% on PC Shipment Slump, $3B Market Value Erased

HP shares tumbled 10.6% premarket as global PC shipments fell 16%, erasing $3 billion in market value, despite revenue growth of 12.5%.

HPQ
CrowdStrike Stock Soars 9% Premarket on Record ARR, Raised Guidance
Earnings James Calloway

CrowdStrike Stock Soars 9% Premarket on Record ARR, Raised Guidance

CrowdStrike (CRWD) jumped 9.3% premarket after record quarterly ARR and a $66M guidance raise. Market value increased by $18B.

CRWD
Okta Shares Jump 20.9% on Strong Backlog, Raised Guidance
Earnings James Calloway

Okta Shares Jump 20.9% on Strong Backlog, Raised Guidance

Okta's Q2 backlog beat by $75M and free cash flow surged 40%, sending shares up 20.9% and prompting a modest FY2027 guidance raise.

OKTA
Fidelity's FBTC Sees $25.6M Inflow as Bitcoin Nears $80K
Crypto Sarah Chen

Fidelity's FBTC Sees $25.6M Inflow as Bitcoin Nears $80K

Fidelity's FBTC saw $25.6M in inflows on Aug 26, contributing to $232.2M in total spot Bitcoin ETF inflows. Bitcoin approached $80,000.

FBTC IBIT
Salesforce Stock Jumps 11% on AI Revenue Surge, Raised Outlook
Earnings James Calloway

Salesforce Stock Jumps 11% on AI Revenue Surge, Raised Outlook

Salesforce shares jumped 11% premarket after strong Q2 earnings, with AI ARR reaching $3.9B and raised fiscal 2027 revenue guidance.

CRM
Nvidia Surges Premarket on Blowout Q2, Data Center Strength
Earnings James Calloway

Nvidia Surges Premarket on Blowout Q2, Data Center Strength

Nvidia (NVDA) rose 7.4% premarket after reporting Q2 revenue of $96.22B, up 106% YoY, with data center sales surging 117%. Q3 guidance of $108B beat expectations.

NVDA AMD INTC
Waymo's Munich Push Pressures Alphabet as Losses Widen
Technology Sarah Chen

Waymo's Munich Push Pressures Alphabet as Losses Widen

Alphabet shares slipped 1.2% as Waymo's Munich expansion plans collide with a 44.4% jump in Other Bets operating losses.

GOOG GOOGL
Real Home Values Slip Again as Inflation Outpaces Price Growth
Economy Daniel Marsh

Real Home Values Slip Again as Inflation Outpaces Price Growth

U.S. home prices rose 1.5% year-over-year in June, but 3.5% inflation kept real values falling for a 13th month. Regional gaps widen as mortgage rates stay elevated.

SPY PHM DHI LEN
Meta Shares Rise on $18B Child Safety Pact
Regulation James Calloway

Meta Shares Rise on $18B Child Safety Pact

Meta Platforms shares climbed 1.1% following an $18 billion child-safety settlement, boosting market value by $13.5 billion. The pact introduces new restrictions for young users.

META SNAP GOOGL PINS
D-Wave Stock Tumbles 9.5% on CFO Retirement; Market Cap Loses $679M
Markets Daniel Marsh

D-Wave Stock Tumbles 9.5% on CFO Retirement; Market Cap Loses $679M

D-Wave Quantum shares dropped 9.5% following CFO retirement news, wiping out $679 million in market cap. Greg Golkov named acting CFO.

QBTS IONQ RGTI QUBT
FTSE 100 Slips as Energy and Mining Losses Offset AI-Led Tech Gains
Markets Daniel Marsh

FTSE 100 Slips as Energy and Mining Losses Offset AI-Led Tech Gains

The FTSE 100 slipped 0.48% as energy and mining losses outweighed tech gains from Nvidia's strong results. Computacenter jumped 4% on AI optimism.

SHEL BP GLNCY RIO CNC GLD USO
Revolution Medicines Rallies on RASONQUE Launch, Sales Forecasts
Markets Daniel Marsh

Revolution Medicines Rallies on RASONQUE Launch, Sales Forecasts

Revolution Medicines (RVMD) gains 2.3% premarket after RASONQUE's U.S. debut. RBC projects strong sales ramp, with Q3 at $28M and Q4 at $148M.

RVMD