Investors await SpaceX’s first quarterly earnings after a 30% drop from its $150 debut price, seeking catalysts for recovery.
Tech stocks climbed in early trading Monday as Wall Street focused on SpaceX’s inaugural quarterly earnings report, due after Tuesday’s bell. The company’s shares have declined nearly 30% from their $150 debut price, prompting investor interest in potential turnaround signals.
AMD will also release results Tuesday, offering insights into the AI chip market. Intel previously exceeded analyst estimates last month, delivering strong guidance. Nvidia’s earnings are scheduled for August 26. Meanwhile, Amazon’s market cap surpassed $3 trillion for the first time, while Microsoft continued its post-earnings rally.