Earnings
Seagate beat fiscal Q4 estimates and issued stronger-than-expected Q1 guidance as AI and cloud demand lifted storage revenue, pricing, margins, and cash flow. HAMR adoption and long-term customer commitments added visibility into fiscal 2027.
Earnings
PayPal topped second-quarter expectations and raised its 2026 earnings outlook as Venmo, Braintree and financial services gained momentum. Higher expenses and slow branded checkout growth show the turnaround remains a work in progress.
Price Action
Apple briefly crossed a $5 trillion valuation as strong iPhone demand and limited AI infrastructure spending supported shares, even as elevated valuation, memory costs and potential price increases raised questions about future growth.
Earnings
Boeing returned to positive free cash flow as higher aircraft deliveries lifted Q2 revenue and narrowed commercial losses, helping shares rise despite a wider-than-expected loss and another Air Force One charge.
Earnings
Coca-Cola raised its 2026 outlook after Q2 revenue rose 7% and global volume increased 5%, with Zero Sugar, North America and Asia Pacific contributing to growth as shares rallied following the results.
Earnings
Corning (GLW) delivered stronger second-quarter earnings and core sales, powered by AI-related optical demand, but shares sank as production constraints and softer consumer electronics demand tempered the near-term revenue outlook.
Innovation & Tech
SpaceX hit a new post-IPO low despite a successful Starship test, as investors focused on its elevated valuation, upcoming earnings, insider lockup expirations, and the growing importance of Starship to the company's future operations.
Innovation & Tech
D-Wave's expanded AT&T partnership sent quantum stocks higher after its technology cut one network optimization workload from about an hour to under 15 seconds, giving the sector a concrete example of enterprise adoption.
Innovation & Tech
Nvidia's expanding AI partnerships strengthen its infrastructure pipeline, but a potential $250 billion OpenAI financing backstop is raising questions about how much future demand could depend on Nvidia-supported funding.
Macro
Oil near $100, disrupted shipping routes, rising insurance costs, and AI-driven electricity demand are increasing pressure on energy costs, inflation, consumers, and markets.
Price Action
Cathie Wood's ARK Invest bought about 160,000 Tesla shares after the stock plunged nearly 15% following a disappointing earnings report, highlighting the divide between investors focused on weak profits and those betting on Tesla's AI future.
Innovation & Tech
Artificial intelligence remained the dominant market theme this week as companies expanded investment across cloud, semiconductors, data centers, and infrastructure. Investors, however, increasingly looked beyond earnings, focusing on capital spending, profitability, and long-term execution.