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Blackstone Q2 Earnings Beat on AI-Driven Real Estate Gains
Blackstone's Q2 distributable earnings surged 26% to $1.98B, topping forecasts, fueled by AI-related asset sales in real estate, while private credit faced headwinds.
Market Steadies as Oil Dips Below $100; Yen Slides Sharply
U.S. futures steadied amid easing U.S.-Iran tensions, sending oil below $100. The yen slumped to 40-year lows, UK retail sales surged, and Nestle urged clearer food labels.
MaxLinear Stock Dips 11% Despite Q3 Guidance Beat
MaxLinear (MXL) dropped 11.2% after hours despite Q3 revenue guidance of $215 million, beating estimates by 23.6% and showing strong margin improvement.
IREN Shares Rally 20.7% as AI Contracts Secure 85% of $4B ARR Target
IREN Limited (NASDAQ:IREN) shares surged 20.7% as AI contracts cover 85% of its $4B ARR target, with 45% of GPU costs prepaid. Focus shifts to delivery of 480 MW capacity.
Micron Surges as AI Spending Highlights Memory Supply Constraints
Micron Technology (NASDAQ: MU) gained 3.2% on Thursday as the Nasdaq fell 2.15%, with investors favoring memory suppliers amid Alphabet's $15B capex increase and Tesla's demand comments.
Amkor Technology Surges 13% After Landing $1.5B Nvidia Packaging Deal
Amkor Technology shares rose 13.3% in after-hours trading after securing a $1.5 billion packaging contract with Nvidia, which includes an advance payment to expand U.S. capacity.
SpaceX Starship Flight 13 Rescheduled; Heavy Short Interest Looms
SpaceX's Starship Flight 13 moved to Friday due to weather, with 56% of free float shorted. Traders eye Monday gap risk after the post-IPO test.
Bitmine Stock Slips Despite Buyback Driving Ether-Per-Share Growth
Bitmine (NYSE:BMNR) dropped 6.5% to $16.59, with a $85.9M buyback contributing 88% of the weekly Ether-per-share gain.
Newmont's Q2 Cash Flow Surges Despite Lower Gold Output
Newmont's Q2 free cash flow jumped 29% to $2.21 billion, boosted by higher gold prices, even as gold production dropped 13%.
PG&E Stock Drops 3% Despite Earnings Beat as Data Center Growth Remains Nascent
PG&E (NYSE:PCG) shares slid 3.1% to $17.54 despite core EPS beating estimates by 11%, as its data center pipeline surged to 12.71 GW but only 5% has reached agreements or construction.