Sea's Shopee Sets $1B EBITDA Goal; Stock Soars 13.7%
Earnings James Calloway

Sea's Shopee Sets $1B EBITDA Goal; Stock Soars 13.7%

Sea Limited (SE) shares surged 13.75% after Q2 revenue beat estimates by $728M. Shopee sets $1B adjusted EBITDA target for 2026.

SE
ONDS Rises on Israeli Drone Deal, Yet Valuation Looms Large
Markets Daniel Marsh

ONDS Rises on Israeli Drone Deal, Yet Valuation Looms Large

Ondas shares gained 2.4% to $9.535 following an Israeli drone contract, but the stock's valuation at 10.35x 2026 revenue remains a concern. Q2 earnings are due Thursday.

ONDS
Nu Holdings Faces Credit Cost Scrutiny Ahead of Q2 Earnings
Earnings James Calloway

Nu Holdings Faces Credit Cost Scrutiny Ahead of Q2 Earnings

Nu Holdings (NU) shares dropped 2.2% to $13.56 ahead of Q2 earnings, as rising credit costs and early-stage delinquencies challenge the bank's growth narrative.

NU
Alphabet Drops 3.6% as Pixel Event Looms; AI Capex Concerns Persist
Technology Sarah Chen

Alphabet Drops 3.6% as Pixel Event Looms; AI Capex Concerns Persist

Alphabet shares slid 3.6% on Tuesday as tech stocks retreated ahead of the Pixel 11 launch. Investors focus on AI capital spending and Cloud growth sustainability.

GOOGL
Lumentum Stock Holds Steady Ahead of Q4 Report as AI Margin Test Looms
Earnings James Calloway

Lumentum Stock Holds Steady Ahead of Q4 Report as AI Margin Test Looms

Lumentum shares were stable ahead of its fiscal Q4 report, with options implying a 13% swing. The focus is on margin expansion as revenue approaches $1 billion.

LITE NVDA
Rivian's Software Unit Drives Profit as Needham Reaffirms $23 Target
Earnings James Calloway

Rivian's Software Unit Drives Profit as Needham Reaffirms $23 Target

Needham reaffirms Buy on Rivian with a $23 price target, citing strong software margins. Q2 software gross profit of $215M offsets automotive losses, but cash burn and R2 ramp costs remain concerns.

RIVN
SpaceX Shares Fall Below IPO Price as Lock-Up Expiry Looms
IPO Michael Okonkwo

SpaceX Shares Fall Below IPO Price as Lock-Up Expiry Looms

SpaceX shares fell 5.3% to $131.33, dipping under their IPO price, with a 320 million-share lock-up expiry approaching on August 20.

SpaceX Stock Dips 5.5% Ahead of August 20 Share Unlock
IPO Michael Okonkwo

SpaceX Stock Dips 5.5% Ahead of August 20 Share Unlock

SpaceX (SPCX) dropped 5.5% to $131.04, 2.9% below its IPO price, as investors brace for a 320 million-share unlock on August 20. Q2 revenue nearly doubled, but capex surged.

ETOR DB MS
SpaceX Stock Dips as Massive Share Unlock Looms
IPO Michael Okonkwo

SpaceX Stock Dips as Massive Share Unlock Looms

SpaceX shares dropped 4.5% as a 320-million-share unlock on Aug 20 looms, representing 3.4 days of average volume. Q2 revenue surged 92%.

ASTS
Venture Global (VG) Falls 7% on Q2 Revenue Miss Despite Raised Guidance
Earnings James Calloway

Venture Global (VG) Falls 7% on Q2 Revenue Miss Despite Raised Guidance

Venture Global (VG) slid 7.3% after Q2 revenue missed forecasts, even as the LNG exporter raised its 2026 profit outlook. Sales rose 48% but fell short of consensus.

VG
Chipotle Shares Dip as Jalapeño Recall Tests Recovery
Markets Daniel Marsh

Chipotle Shares Dip as Jalapeño Recall Tests Recovery

Chipotle (CMG) shares slipped 0.8% as the jalapeño recall from Taylor Farms heightens food safety concerns. FDA sees no active risk, but traffic recovery remains fragile.

CMG CAVA YUM MCD
SMCI Stock Holds Steady as $60B Backlog Raises Cash Flow Concerns
Earnings James Calloway

SMCI Stock Holds Steady as $60B Backlog Raises Cash Flow Concerns

Super Micro Computer (SMCI) shares remained unchanged ahead of its Q4 earnings report, as the company's $60B order backlog raises cash conversion concerns. Analysts expect revenue of $11.56B and EPS of $0.96.

SMCI DELL HPE