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IREN Stock Tumbles 12.5% as AI Push Strains Financing
IREN shares dropped 12.5% as the company's $4 billion AI expansion faces a $6.4 billion financing challenge, despite AI Cloud revenue surpassing bitcoin mining for the first time.
Nvidia Stock Drops 4.6% on Margin Concerns, $252B Erased
Nvidia shares slid 4.6% on Friday, erasing $252B in market value, as investors weighed rising memory costs that could compress gross margins to 71-72% in Q4 despite record revenue.
SpaceX Gains 0.5% as Capex Hits $18.4B, Valuation Reaches $1.86T
SpaceX shares edged up 0.45% to $141.50, boosting market cap to $1.86 trillion, as Q2 capex hit $18.4 billion and revenue soared 92%.
Intel Shares Slide 2.9% as AI Growth Fails to Offset Offering Dilution
Intel shares dropped 2.85% to $89.47, erasing $13.9B in market cap, as the stock closed below its $95 offering price. Q2 revenue jumped 25% on strong AI demand, but analysts maintain a Hold rating.
PG&E Plummets 7.5% as Wildfire Liability Reform Fails
PG&E (PCG) shares dropped 7.5% after California lawmakers rejected wildfire liability reform, wiping out $3 billion in market value.
DraftKings Posts $67.6M Loss Despite Record U.S. Open Handle
DraftKings swung to a $67.6M loss in Q2 despite a record $13.1B handle, as revenue fell 5% and ARPU dropped 13%. The U.S. Open highlights the volume-profit gap.
Netflix's 'Stranger Things' Spinoff Returns Sept. 17 as Ad Revenue Target Nears $3B
Netflix's animated spinoff returns Sept. 17 as Q2 revenue jumps 13% to $12.56B. Ad revenue forecast hits $3B for 2026, with shares up 2.35% Friday.
Tesla Shares Slide 1.7% as Operating Margin Shrinks to 1.4%
Tesla shares dropped 1.7% on Friday, cutting market value to $1.09 trillion. Q2 operating margin fell to 1.4%, while revenue rose 26%.
Micron Dips 0.3% as Q4 Guidance Tests High Bar for Margins
Micron shares dipped 0.3% on Friday despite strong Q3 results, as investors eye the September 30 report to justify an 86% gross margin forecast and $50B revenue guidance.
Transocean Stock Rises as Cash Flow Gains Amid Heavy Debt Load
Transocean shares gained 1.05% to $5.80 on Friday, buoyed by stronger Q2 cash flow, though a $5.1 billion debt burden and merger risks remain.
NuScale Power Tumbles 4.6% as $4B Valuation Clashes with $75K Quarterly Revenue
NuScale Power (SMR) dropped 4.6% as investors weigh a $4B valuation against $75,000 quarterly revenue. The stock trades at $9.29 with a Hold rating.
Bank of America Stock Rises on Rate Optimism, NII Hits $16B
Bank of America shares gained 1.9% on Friday, driven by expectations of higher interest rates, as quarterly net interest income reached $16 billion.