TSMC Shares Slide Despite Record Profit as Cash Conversion Deteriorates
Earnings James Calloway

TSMC Shares Slide Despite Record Profit as Cash Conversion Deteriorates

TSMC shares fell 2.9% after a record profit, as free-cash-flow conversion dropped to 40.7% from 60.8% and capex guidance rose 14.8%.

TSM SOXX
Nokia Shares Slide on AI-RAN Timeline Gap and Rising Component Costs
Markets Daniel Marsh

Nokia Shares Slide on AI-RAN Timeline Gap and Rising Component Costs

Nokia shares dropped 3.6% amid a timing mismatch between its AI-RAN commercial rollout in 2027 and rising chip costs flagged by Ericsson.

NVDA
Micron Drops Despite Auto Deals as Most DRAM Volume Remains Uncovered
Markets Daniel Marsh

Micron Drops Despite Auto Deals as Most DRAM Volume Remains Uncovered

Micron shares fell 4.6% in premarket trading despite new auto deals, as only 20% of DRAM volume is under contract, leaving the core business exposed to market volatility.

MU QCOM SSNLF
SK Hynix ADR Premium Signals Potential Conversion Ahead of Earnings
Markets Daniel Marsh

SK Hynix ADR Premium Signals Potential Conversion Ahead of Earnings

SK Hynix ADR premium surges to 42%, signaling potential conversion arbitrage. Seoul shares tumbled 11.5% as KOSPI fell 6.37% amid rate hike and ETF rule changes.

MU
Nasdaq and Dow Diverge as Steady Data Tests Tech Valuations
Markets Daniel Marsh

Nasdaq and Dow Diverge as Steady Data Tests Tech Valuations

U.S. stock futures fell Thursday as steady economic data widened the gap between the Nasdaq and Dow, with TSMC dropping 4.6% despite strong earnings and UnitedHealth rising 6.7%.

TSM UNH UBS NFLX
Abbott Q2 Beats Estimates, Lifts EPS Outlook; Sales Growth Target Looms
Earnings James Calloway

Abbott Q2 Beats Estimates, Lifts EPS Outlook; Sales Growth Target Looms

Abbott (ABT) reported Q2 adjusted EPS of $1.31, beating estimates, and raised its full-year EPS outlook. The company now needs 8.6%-10.5% H2 sales growth to hit its revenue target.

ABT
Bitcoin Slips Below $64,000 as ETF Inflows Prove Concentrated
Crypto Sarah Chen

Bitcoin Slips Below $64,000 as ETF Inflows Prove Concentrated

Bitcoin dropped 1.8% to $63,940 on Thursday, failing to hold above $65,000 despite two days of ETF inflows, with BlackRock's IBIT accounting for 76% of new money.

BLK IBIT
UK Mid-Caps Rally on Rotork Takeover; FTSE 100 Slips
Markets Daniel Marsh

UK Mid-Caps Rally on Rotork Takeover; FTSE 100 Slips

London stocks were mixed on Thursday with the FTSE 250 gaining 0.33% on a £4.14bn takeover bid for Rotork, while the FTSE 100 slipped 0.34%.

EWU
Sandisk's $22.6B Selloff Tests Revenue Conversion of $41.6B Order Backlog
Markets Daniel Marsh

Sandisk's $22.6B Selloff Tests Revenue Conversion of $41.6B Order Backlog

Sandisk's market cap dropped $22.6B, 3.6 times its near-term revenue backlog, as shares slid 8.1% amid tech fatigue.

SNDK MU WDC STX
Opendoor's Acquisition Pace Outpaces Mortgage Demand as Rates Climb
Markets Daniel Marsh

Opendoor's Acquisition Pace Outpaces Mortgage Demand as Rates Climb

Opendoor's acquisition contracts rose 3% last week, while mortgage demand dropped 7% as rates hit 6.65%, creating a 10-point gap that could pressure margins.

OPEN
Intel's High-NA EUV Milestone: A $400 Million Bet on Manufacturing Edge
Technology Sarah Chen

Intel's High-NA EUV Milestone: A $400 Million Bet on Manufacturing Edge

Intel achieves a manufacturing first with High-NA EUV on Panther Lake, but the steep $400 million tool price and limited external foundry revenue highlight the financial challenges ahead.

INTC ASML SOXX
GE Aerospace Raises 2026 Cash Flow Forecast; Working Capital Drives Q2 Growth
Earnings James Calloway

GE Aerospace Raises 2026 Cash Flow Forecast; Working Capital Drives Q2 Growth

GE Aerospace lifted its 2026 free cash flow forecast to $8.9-$9.2 billion after Q2 cash flow surged 43%, though working capital accounted for nearly all the improvement.

GE