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IREN Drops 12.5% as AI Revenue Growth Fails to Offset $703M Loss
IREN shares plunged 12.5% after the company announced $4 billion in AI contracts alongside a $703 million annual net loss, raising concerns about its transition from bitcoin mining to AI infrastructure.
Nvidia's $251B Slide: Margin Outlook Tempers AI Rally
Nvidia (NVDA) dropped 4.57%, losing $251B on Friday as Q3 margin guidance cooled the post-earnings rally. Despite strong growth, investors balked at the outlook.
Flutter Stock Rises 7% as FanDuel Launches $350 Bonus Amid Marketing Push
Flutter shares climbed 7.1% as FanDuel unveiled a $350 sign-up bonus, highlighting intense competition and rising promotional costs in U.S. sports betting.
DraftKings Marketing Spend Climbs to 22% of Revenue as Q2 Costs Rise
DraftKings' Q2 marketing spend rose to 22.3% of revenue, up from 15.4% a year ago, as shares gained 4.3% on Friday. The company's latest bonus offer targets NFL season sign-ups.
SpaceX Delays Starship Flight 14 to September as Orbital Test Nears
SpaceX has moved Starship Flight 14 to September after Booster 21's static fire, aiming for its first orbital mission and potential tower catch. The test is a key valuation checkpoint for the $1.85 trillion company.
PG&E Stock Plunges 7.5% as California Wildfire Bill Stalls, $3B Erased
PG&E shares tumbled 7.5% after California lawmakers rejected a wildfire liability cap, erasing $3.1 billion in market value.
Intel Shares Slip 2.9% as 14A Defect Progress Offsets $2.1B Foundry Loss
Intel shares fell 2.9% to $89.47 despite faster-than-expected 14A defect density improvements, as the foundry segment posted a $2.09B Q2 loss.
Ford Stock Slips 0.5% on Canada Tariff Threat, P/E at 7.5x
Ford shares slipped 0.5% on Friday amid fresh Canada tariff threats, trading at 7.5x 2026 EPS estimates. Analysts see 13.9% upside.
Salesforce Climbs 1.6% as AI Strength Tests Analyst Targets
Salesforce shares advanced 1.6% to $256 on 2.3x average volume, extending a post-earnings rally. AI revenue momentum and raised guidance test analyst price targets.
Nu Holdings Dips 3.9% on Fed Rate Worries Despite Record Profit
Nu Holdings shares slid 3.9% to $14.30 on Friday, erasing $2.8 billion in market value, as Fed rate worries offset record quarterly earnings.
Boeing 777-9 Certification at Risk as Labor Talks Resume
Boeing's 777-9 certification faces fresh uncertainty as labor talks resume with 17,000 engineers. $8.4B in losses, 2027 delivery target, and strike risk loom.
MARA Plunges 10% as Bitcoin Loans Raise Leverage Concerns
MARA shares dropped 10.15% to $10.67, wiping out $466 million in market value as bitcoin-backed loans climbed to $600 million, raising leverage concerns.