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TELUS Stock Plunges 11% on Dividend Reset and Weak Guidance
TELUS shares plummeted 11.27% after the company cut its dividend and lowered guidance, erasing C$2.7B in market value. The move aligns with projected dividend savings.
Nokia's AI order surge raises cash flow concerns as shares dip
Nokia's Q2 AI orders totaled €2.8B, but shares fell 3.2% as investors weigh cash conversion. S&P affirms BBB- with positive outlook.
Focus Universal Shares Surge 517% on AI Engine Reveal
Focus Universal (FCUV) shares jumped 517% on Friday after unveiling an AI document-processing engine, but the surge came on trading volume 147 times its disclosed share count, raising sustainability concerns.
Intel Stock Slips Despite Strong Q2; Foundry External Sales Lag
Intel's Q2 earnings beat expectations, but shares fell 2.3% as investors focused on slow external foundry growth, which accounted for just 5.1% of segment revenue.
Jersey Mike's Recovers to $23 as Debt Concerns Loom
Jersey Mike's (NYSE:JMKE) shares recovered to $23 on Friday, erasing its debut decline, yet elevated debt and slowing same-store sales growth continue to pose challenges.
Nvidia Retakes Crown as Cloud Giants Pour $140B into AI Infrastructure
Nvidia reclaimed the world's most valuable company title Friday as Amazon, Alphabet, and Microsoft disclosed a combined $140.1 billion in quarterly cloud infrastructure spending, signaling sustained AI demand.
Amazon Shares Surge 15% as AWS Profit Engine Powers Record Quarter
Amazon shares jumped 15% Friday after Q2 results showed AWS operating income up 64%, driving 78% of profit growth. Cloud strength and AI demand fuel optimism.
Apple Stock Plunges 7.4% as Tariff Refunds Mask Earnings Beat
Apple's Q3 earnings beat was largely due to one-time tariff refunds, and its September revenue guidance missed expectations, sending shares down 7.4%.
India VIX Slips 16% as Liquidity Concerns Cloud Market Calm
India VIX dropped 16.2% to 11.755 as NIFTY 50 gained 2.6%, but derivatives turnover fell 27.1% due to new funding rules, raising questions about the reliability of the volatility signal.
SpaceX Stock Slips Ahead of Q2 Earnings Despite Starlink Launch Milestone
SpaceX shares dropped 3.4% to $108.37 after a Starlink launch, with Q2 earnings due Tuesday. Analysts expect revenue near $6.9 billion.
Puma Beats Q2 Forecasts Despite Sales Drop; Cash Flow Surges
Puma topped Q2 forecasts with a narrower EBIT loss and robust cash flow, but sales dropped 9.4% and shares fell 2.48% amid lingering demand concerns.