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Futures Slip as Brent Holds Near $91 on Gulf Tensions
U.S. stock futures pointed to a lower open as oil prices surged nearly 4%, with Brent hovering above $91, on renewed Middle East tensions.
Dell Nears Q2 Earnings: AI Server Push Fuels 10% Options Swing
Dell (DELL) shares advanced 0.96% to $460.64 ahead of fiscal Q2 results, with options pricing a 10% move. The company's $60B AI-server revenue target remains a key focus.
Palantir's P/E Premium to Nvidia Hits 473% as Q2 Revenue Surges 93%
Palantir shares dipped 0.45% to $185.45, trading at 158.5x earnings versus Nvidia's 27.7x, even as Q2 revenue surged 93% to $1.94B.
Nvidia's $3.5B MediaTek Bet: AI Chip Push Reshapes Market
Nvidia's $3.5B convertible bond investment in MediaTek, announced after Taiwan's close, follows a 1.51% dip in MediaTek shares. The funds support MediaTek's custom AI chip push targeting 15-20% of an $80B market.
IREN Rebounds 2.7% as AI Revenue Surge Faces Margin Squeeze
IREN shares climb 2.7% to $36.42 as AI Cloud revenue surges 685% to $128.8M, but the $4B annualized target and margin decline keep investors cautious.
Ford Stock Slips as Q2 Net Loss Masks Stronger Operating Profit
Ford shares dipped 0.5% despite a 17% rise in adjusted EBIT to $2.5B, overshadowed by a $1.33B net loss from special items.
Rivian Stock Slips on $1.19B Cash Burn, R2 Ramp Costs
Rivian's stock dropped 4.4% after reporting $1.19B in H1 operating cash outflow, with R2 ramp costs pressuring automotive gross margins.
Futures Mixed as Brent Tops $90, Fueling Inflation Concerns
U.S. futures were mixed as Brent crude stayed above $90, intensifying inflation concerns. Tech and small caps edged higher, while Dow and S&P futures slipped.
GameStop Rallies as Cash Infusion Trims Share Dilution in Debt Swap
GameStop shares gained 3.2% premarket after amending its $1.4B debt exchange to include cash, reducing dilution by 20.4 million shares. Q2 sales fell 18.7%.
Intel Stock Edges Up in Premarket, Still Below $95 Offering Price
Intel shares gained 0.3% in premarket trading, but remain 5.5% below the $95 offering price. The company's $19.7B capital raise and Q2 revenue growth of 25% are key factors.