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Western Digital Plunges 11% as AI-Driven Rally in Storage Stocks Falters
Western Digital (WDC) sank 10.8% to $458.22, wiping out $19.2 billion in market cap, as the AI-storage trade cooled. The drop outpaced rivals Seagate and Micron.
J.B. Hunt Surges 6.6% as Intermodal Drives 89% of Income Growth
J.B. Hunt shares rose 6.6% as intermodal contributed 89% of operating-income growth, with management eyeing pricing as the next margin lever.
Rocket Lab Shares Hit Deal Floor Despite Successful Neutron Engine Test
Rocket Lab shares dropped 11.2% to $67.63, briefly crossing the $67.50 lower collar of its Iridium deal, despite completing a full-duration Neutron engine test.
Oracle Stock Hits 52-Week Low as $638B AI Backlog Faces Funding Test
Oracle shares dropped 4.8% to a 52-week low amid concerns over its ability to finance a massive AI backlog without diluting shareholders.
Goldman Sachs Slips 3.6% as Trading Dominates Earnings, Raising Sustainability Concerns
Goldman Sachs shares dropped 3.6% as trading revenue accounted for 73% of year-over-year growth, sparking concerns about the sustainability of its strong quarterly results.
JPMorgan's Guidance Update Tests Premium Valuation Amid Balanced Outlook
JPMorgan Chase raised its 2026 interest-income and expense forecasts by $2.5B each, leaving net earnings unchanged. The stock's premium valuation hinges on revenue outpacing costs.
ASML Shares Edge Up as Q4 Revenue Guidance Points to €14.4B
ASML shares edged up 0.3% as the company raised its 2026 sales guidance to €43-45 billion, implying Q4 revenue of €14.4 billion, beating analyst expectations.
PayPal Stock Rises 2.4% on 72% Implied Odds of Stripe-Advent Buyout
PayPal shares rose 2.4% to $56.86 as traders see a 72% probability of a $60.50 takeover by Stripe and Advent International.
BlackRock Gains as Active Strategies Drive Fee Revenue Growth
BlackRock shares rose 1.1% as active strategies, 24% of AUM, drove 42% of base-fee and lending revenue, highlighting fee growth over asset records.
Seagate Stock Slides 6.5% Ahead of Q4 Earnings Report
Seagate shares dropped 6.5% to $774.19 in early Nasdaq trading as the market looks ahead to its fiscal Q4 earnings release on July 28.