Earnings
Applied Materials delivered record Q3 revenue and stronger-than-expected Q4 guidance, but AMAT shares fell as investors focused on flat margin guidance and an elevated expectations bar following the stock’s sharp 2026 rally.
Innovation & Tech
Taiwan Semiconductor remains central to AI infrastructure as investors add exposure to the foundry leader. Strong Q2 growth and broad customer demand support the long-term story, while elevated semiconductor expectations and changing supply conditions remain near-term risks.
Price Action
Reddit is joining the S&P 500 after eight straight quarters of revenue growth above 60%. The announcement sent RDDT sharply higher as index demand provides a new catalyst while investors weigh slowing U.S. user growth and AI-driven search disruption.
Price Action
Netflix (NFLX) rallied after Bill Ackman’s Pershing Square disclosed a new position following a roughly 50% decline from its 2025 high. The fund points to stronger margins, double-digit revenue growth and expanding advertising revenue as key changes since its 2022 exit.
Innovation & Tech
Microsoft’s AI buildout is accelerating as IREN delivers its first 50MW data center under a $9.7 billion deal. Strong Azure growth reinforces demand, while rising AI spending raises questions about customer concentration, financing and returns.
Earnings
Cerebras shares fell sharply after Q2 results as investors focused on near-term margin compression and heavy infrastructure spending, even as cloud revenue nearly quadrupled, core revenue doubled and the company raised its 2026 outlook.
Earnings
Bullish (BLSH) posted 62% growth in adjusted revenue despite weaker crypto trading, as record subscription and services revenue helped offset lower digital asset sales. Shares rallied as investors focused on diversification and the company’s tokenization strategy.
Earnings
Cisco delivered record fiscal 2026 results and stronger-than-expected guidance as AI infrastructure orders surged, but the stock fell as investors weighed gross-margin pressure and high expectations against accelerating networking demand.
Business Trends
Wendy’s shares surged after a report that Nelson Peltz’s Trian Partners is preparing a potential take-private bid, shifting investor attention from deteriorating traffic and a costly turnaround toward the possibility of a strategic transaction.
Earnings
CAVA shares surged after strong traffic drove 9% same-restaurant sales growth, while improving recent sales trends eased concerns about the impact of broader food-safety fears on the fast-casual chain.
Innovation & Tech
CoreWeave and Nebius surged after quarterly results showed accelerating AI infrastructure demand. CoreWeave revenue rose 112% with massive backlog visibility, while Nebius revenue jumped 454% as both companies benefited from expanding demand for AI compute capacity.
Earnings
Super Micro shares surged after strong earnings, improving margins and a much stronger-than-expected outlook. More than $60 billion in new orders and record backlog entering fiscal 2027 reinforced accelerating demand for AI infrastructure.