Deutsche Bank downgrades RBLX to Hold and slashes price target to $38 after Q2 bookings miss and Q3 contraction outlook. Roblox shares crashed 27% on July 31, erasing $9 billion in market value, after the company projected its first year-over-year bookings decline for the
The cancellation highlights ongoing difficulties in securing critical mineral supplies for U.S. defense reserves. The U.S. Defense Logistics Agency has abandoned a $300M tender to acquire lithium for its National Defense Stockpile. The move underscores persistent challenge
Cipher Digital shares slide over 10% as second-quarter results fall short of investor expectations despite AI data center advancements. Cipher Digital (CIFR) stock declined more than 10% to $21.50 in Tuesday trading, erasing a nearly 10% weekly gain. The drop followed the
Nvidia's market cap nears $5.1 trillion as shares climb ahead of AMD's earnings report, reclaiming the most valuable stock title. Nvidia (NVDA) shares advanced Tuesday, extending gains toward a fourth consecutive session and surpassing a critical technical threshold. The c
Palantir’s Q2 revenue surged 93% to $1.94 billion, beating estimates and lifting Broadcom shares on AI growth expectations. Broadcom (NASDAQ: AVGO) shares climbed 6.1% after Palantir Technologies reported stronger-than-expected Q2 results, signaling robust AI demand. Palan
U.S. equities hit record highs after Treasury Secretary signals potential Hormuz Strait deal and corporate earnings exceed expectations. The Dow Jones Industrial Average jumped 916 points, or 1.7%, to a record close on Tuesday, driven by optimism over U.S.-Iran negotiation
Fast-fashion retailer Shein slashes valuation by over 60% from 2022 amid regulatory scrutiny and slowing revenue growth. Shein plans to list on the Hong Kong Stock Exchange as early as mid-August, seeking a valuation of $30 billion to $40 billion. This marks a sharp declin
Palantir Technologies reported stronger-than-expected Q2 earnings and revenue, marking its 12th consecutive quarter of accelerating growth. Palantir Technologies (PLTR) shares surged nearly 30% to $162.67 in midday trading after exceeding Wall Street’s Q2 earnings and reve
The snack giant reported organic growth of 2.2% and emerging market strength despite inflation pressures in developed regions. Mondelez International posted second-quarter net revenue of $9.36 billion, up 4.1% year-over-year and above the $9.21 billion consensus estimate.
The firm targets 17%-20% annualized yields from AI infrastructure and 15% from aircraft engines while holding $62.5 million in cash. Flag Ship Acquisition is prioritizing investments in AI compute infrastructure and aircraft engines to generate steady cash flow. The compan
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