Afterhours News

Pentagon official warns about lagging U.S. drone production.

Robinhood Markets said on Monday that its IPO roadshow for Robinhood Ventures Fund II will be livestreamed on its app and YouTube on Aug. 3.

While the launch of Moonshot AI’s Kimi K3 was a “mini DeepSeek moment,” the reality is that OpenAI and Anthropic are “playing a whole different game,” Ives said.

Both Wall Street and Main Street believe the central bank will hold rates steady at the upcoming meeting.

Paramount Skydance’s merger with Warner Bros. Discovery faces opposition as actors warn it could hurt jobs, reduce competition, and limit creative choices for audiences.

Sellas estimated cash and cash equivalents of $138.3 million as of June 30.

The Direxion Daily South Korea Bull 3X Shares is declining amid a sharp selloff in chip stocks globally, including in South Korea.

ARK Invest bought 124,543 SpaceX shares worth about $14.1 million and 27,864 Tesla shares worth about $8.6 million.

Applied Digital, which builds and manages data centers for hyperscalers and tech companies, reported remarkable earnings on Monday.

Julie Masino’s exit has raised questions about customer loyalty, brand strategy, and whether new leadership can revive its recovery.

Paramount Skydance, Uber and Stem fell to fresh annual lows on Monday amid growing regulatory, competitive, and financial concerns.

Wall Street turned more cautious, with Roth, B. Riley and Cantor flagging elevated approval risk.

At least six analysts hiked price targets on Verizon Communications, citing a positive backdrop after its second-quarter earnings results.

New Chinese AI technologies and a remarkably strong listing by the country’s largest memory chip firm weighed on sentiment toward U.S. semiconductors.

Investor optimism was driven by AI optimism, a multibillion-dollar acquisition, and strong earnings execution.

Markets are largely focused on pivotal earnings from major hyperscalers this week, including Amazon.com, Apple, Meta and Microsoft.

Burry highlighted data compiled by Bloomberg that showed that Alphabet, Microsoft, Amazon, Meta, Oracle, Micron, and Tesla detracted from the benchmark S&P 500 index's performance since the start of June.

According to a new Morningstar research report, Verizon Communications stock has a fair value estimate of $54, implying an upside of more than 23% from its last close.

AT&T stock gained 10.64% last week, outperforming benchmark S&P 500 index by more than 11 percentage points, which is the largest weekly performance in 25 years, as per Barchart.

Roku has raised streaming device prices by up to $50 as higher memory costs pressure the hardware business.

The entire Pixel family of devices will see price “adjustments” that “will be rolled out dynamically,” a top Google executive told 9to5Google.

Nio received about 18.24 million CXMT shares, though the stake is subject to an 18-month lockup.

Coinbase co-founder and CEO Brian Armstrong said in a post on X that a pivot from crypto to AI is “the wrong way to think about the world.”

The second-quarter earnings prompted analysts to cut price targets, citing persistent broadband and cable challenges.

As per The Kobeissi Letter, the S&P 500's net profit margin is on track to surge to 15.7% for Q2 2026, the highest since 2009.

An FDA advisory panel backed six of seven peptides for possible inclusion on the 503A compounding list, with Emideltide the only rejection.

Truist raised the price target on SoFi to $18 from $17 and keeps a ‘Hold’ rating on the shares ahead of its Q2 results expected on July 29.

Investors are becoming more careful with companies that promise future growth but have little short-term cash flow.

Weekend chatter focused on ImmunityBio’s quiet July, with some bulls calling the silence the “quiet before the kraken.”

Markets will be watching out for quarterly results from Amazon, Apple, Meta and Microsoft this week.

Tech, AI and earnings drove a busy week across software and chips sectors.

SpaceX is expected to report earnings next week, followed by a lockup expiration that could free nearly 1 billion pre-IPO shares for sale.

LYTENAVA is now the first and only FDA-approved version of the drug bevacizumab specifically made for injection into the eye to treat wet age-related macular degeneration.

Exxon Mobil is up nearly 28% so far in 2026, and Chevron has gained about 25% in the same time.

Intel bumped its 2026 capex forecast by $2 billion and said it plans to tap capital markets for additional funds.

RTX and Lockheed Martin gained investor attention after strong Q2 2026 results, record backlogs, and rising defense spending boosted their outlooks.

Sezzle’s shares are down about 9% so far this week but have rocketed by over 150% in 2026.

Goldman Sachs raised its price target for T-Mobile to $230 from $224.

Verizon Communications and Charter Communications will post Q2 results on Friday amid a tumultuous time for telecommunications companies.

AMD offered bullish projections for the AI server market, announced customer partnerships, and said its Helios rack had gone into full production.

A new MD Anderson study found that survival was significantly shorter among older and higher-risk AML patients.

Deckers’ slowing sales growth and margin concerns dominated first-quarter earnings beat.

Keel Infrastructure has declined more than 16% in July, its steepest fall since December 2025.

Alphabet’s capex forecast raise and a hat tip from Elon Musk boosted sentiment for MU stock.

Investors rewarded strong execution, improving profits and raised outlook.

Leerink sees a $2.2 billion peptide market, with Hims potentially capturing about 20%.

At the time of writing, Brent crude futures expiring in September continued to trade above $100 a barrel, while WTI crude futures expiring in September were trading at $91.74 per barrel.

ASML Holding, Lam Research, KLA Corp and Applied Materials are among the world’s top suppliers of semiconductor manufacturing equipment.

SpaceX, Oracle, and QuantumScape stocks fell to 52-week lows amid a broader market selloff in tech names, compounded by company-specific concerns.

Musk also said that SpaceX went public partly to let ordinary investors participate, even as its shares head toward a third straight weekly decline.