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Global Markets Rally on Hormuz Hopes; Glencore Eyes Australia Listing
Markets rallied on Hormuz hopes; Glencore targets Australia listing; SpaceX and AMD slide on AI spending concerns; Manipal IPO jumps 11%.
Palantir Soars 29% on AI Boom, Adds $89B in Market Value
Palantir shares jumped 29% after Q2 revenue surged 93% and guidance was raised, adding $88.8B in market value.
Upstart Stock Jumps 10% on Strong Q2, But Flat Outlook Caps Gains
Upstart (UPST) surged 10% in after-hours trading after Q2 revenue and EBITDA beat, but flat full-year guidance and elevated UMI signal caution.
Lucid Stock Slips as $1.4B Cash Plan Matches Quarterly Burn
Lucid's $1.4B cash improvement plan nearly matches its quarterly burn, but Q2 losses deepened and its midsize launch slips to 2027.
Peso Gains as Investors Eye Banxico's Next Move
The Mexican peso strengthened for a fourth straight session, closing at 17.2583 per dollar, as investors await Banxico's rate decision. Carry advantage and reduced risk aversion support the currency.
Toast Tumbles on Cash Flow Concerns Despite Q2 Revenue Beat
Toast (TOST) shares dropped 1.7% in after-hours trading even as Q2 revenue beat estimates, with growth in locations offset by flat GPV per location and cash flow pressure from hardware inventory.
Pinterest Stock Slips as Buybacks Prop Up EPS Amid Slower Sales Outlook
Pinterest (PINS) dropped over 9% in after-hours trading as Q3 revenue guidance matched expectations but signaled deceleration, while EPS growth was largely driven by buybacks.
Booking Holdings Rallies on Q2 Beat, Buyback Boost
Booking Holdings shares jumped 6% after Q2 earnings beat estimates, driven by buybacks and strong merchant revenue, despite softer international travel.
Match Group Stock Dips on Soft Q3 Outlook Despite Tinder Gains
Match Group's Q3 revenue forecast fell short of expectations, sending shares down 9% despite higher profits and improved Tinder engagement.
Constellation Software Stock Soars 7.4% Ahead of Q2 Earnings
Constellation Software (TSE:CSU) jumped 7.4% to C$3,224.99, boosting market cap by C$4.7B ahead of its Q2 earnings report due August 11.