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Global Tech Sell-Off Deepens as AI Jitters and Chip Rout Shake Markets
US futures fell sharply on Tuesday as a sell-off in chip stocks and growing AI concerns weighed on sentiment. Nvidia dropped 5%, losing $250 billion in value, while the KOSPI tumbled 10.8%.
Navitas Q3 Outlook: 71% Distributor Concentration Raises Risk Flag
Navitas Semiconductor (NVTS) forecasts Q3 revenue midpoint of $13.5M, up 28% sequentially, but 71% of Q2 sales came from one distributor, raising concentration concerns.
SpaceX Starship Heat Shield Passes Stress Test, Stock Hits Record Low
SpaceX's Starship Flight 13 validated heat shield tile performance under extreme conditions, but shares dropped to a record low of $108.66 before closing at $113.50.
Amkor Technology Beats Q2 Targets but Soft Q3 Outlook Weighs on Shares
Amkor Technology (AMKR) exceeded Q2 expectations but issued a cautious Q3 revenue forecast, causing shares to fall 6.5%.
Archer Aviation Holds $390M Gain After Q2 Earnings Preview
Archer Aviation closed Monday with an estimated $390 million gain, up 3.8% to $4.95, ahead of Q2 earnings on August 10.
ASX 200 Set to Open Lower as Oil Rally Wanes, CPI and RBA Speech in Focus
ASX 200 futures fell 0.3% on Tuesday as the oil-driven rally ran out of steam, with investors turning to June inflation figures and RBA Governor Bullock's speech for direction.
Universal Health Services Slumps on Profit Warning; Buybacks Lift EPS
Universal Health Services shares dropped 5% in after-hours trading after the hospital operator lowered its 2026 profit outlook, citing Medicaid reimbursement uncertainty. Q2 EPS beat estimates but growth was mostly from share repurchases.
OPKO Stock Jumps 8% After Q2 Beat, Nicoya Deal Lifts Outlook
OPKO Health shares jumped 8% after hours as Q2 revenue beat by $32.35 million, largely from Nicoya preferred shares. The company also raised its 2026 revenue outlook.