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HYBE Edges Up Despite Founder's $190M IPO Fraud Referral
HYBE (352820.KS) gained 0.7% after police referred founder Bang Si-hyuk to prosecutors over alleged ₩263.1 billion IPO fraud. Q2 revenue hit a record ₩1.45 trillion.
SpaceX Stock Surges 5.6% as Valuation Hits 63x Revenue
SpaceX shares rose 5.6% to $148.61, pushing market cap to $1.96 trillion. Connectivity leads profits, while AI and capex raise concerns.
Nokia ADRs Slide 2.1% as Ciena's Drop Raises AI Valuation Concerns
Nokia ADRs fell 2.1% to $9.635 as Ciena's 9.4% drop despite strong results raised valuation concerns. AI demand remains strong, but margin conversion is key.
Campbell's Shares Tumble 10% on Dividend Cut and Weak Outlook
Campbell's shares fell 10% after the company reduced its dividend by 36% to $0.25 per quarter, retaining about $167 million annually. The company also issued weak fiscal 2027 guidance.
Boeing's $1.9B Spirit Gap Threatens Cash Flow Recovery
Boeing's provisional accounting for Spirit AeroSystems reveals a $1.889 billion gap, equivalent to nearly three times its quarterly free cash flow, intensifying scrutiny on integration.
Victoria's Secret Shares Slide as Tariff Refund Masks Mixed Quarter
Victoria's Secret shares dropped 5.6% despite a strong Q2, as Q3 margin guidance fell short of expectations and tariff refunds inflated results.
Uber Narrows Africa Presence Amid Strategic Market Pruning
Uber shares edged higher after the company ended ride services in Nigeria and Uganda, reducing its African markets to four. The move is seen as a strategic pruning.
Nu Holdings Surges 6.5% as Foreign Inflows Lift Brazilian Bank Stocks
Nu Holdings (NU) jumped 6.5% as foreign capital inflows fueled a rally in Brazilian bank stocks, with shares reaching $15.62 premarket. The fintech's Q2 ROE hit 33%, but rising delinquencies pose risks.
TKO Shares Dip 0.7% as WWE's Strong Margin Offsets Talent Cost Concerns
TKO Group Holdings (TKO) shares slipped 0.7% in premarket trading as analysts highlighted WWE's robust 59% adjusted EBITDA margin as a buffer against potential talent cost increases.
Micron Rebounds 2.4% as Memory Prices Surge, Q3 Margins Hit 84.9%
Micron (MU) recovered from an early 1.6% drop to close up 2.43% as memory prices firmed. Q3 non-GAAP gross margin hit 84.9%, with Q4 guidance of $50B revenue and ~86% margin.