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.
Earnings
Deckers Brands (DECK) delivered its first-ever $1 billion quarter and topped earnings expectations, but investors focused on slowing sales growth, cautious revenue guidance, and warnings that tariffs and freight costs could pressure profits in the months ahead.
Earnings
Tesla reported record second-quarter deliveries and rising Full Self-Driving adoption, but weaker margins, negative free cash flow, and plans for more than $25 billion in annual capital spending pressured shares as investors weighed the cost of its AI and robotics ambitions.
Earnings
Alphabet delivered strong earnings and an 82% surge in Google Cloud revenue, fueled by AI infrastructure demand. However, increased capital spending plans and growing investment commitments weighed on shares despite accelerating growth across the business.
Earnings
IBM shares moved lower after the company reported second-quarter revenue and earnings below expectations while reducing its full-year revenue growth outlook. Investors are now focused on whether delayed software and infrastructure deals return later in the year.
Innovation & Tech
AMD expanded its AI infrastructure ambitions through major partnerships with Anthropic and Microsoft, while Cerebras strengthened its enterprise position through a new CrowdStrike agreement and manufacturing expansion, highlighting intensifying competition across the AI ecosystem.
Earnings
Northrop Grumman raised its 2026 outlook after reporting stronger-than-expected quarterly results and a record $105 billion backlog. Robust demand across defense programs helped lift revenue and earnings despite pressure on operating margins.
Earnings
3M raised its 2026 earnings outlook after reporting stronger-than-expected quarterly results. Broad-based sales growth, expanding margins, and solid demand across industrial, semiconductor, and data center markets helped fuel investor optimism.
Earnings
General Motors raised its 2026 profit outlook after reporting stronger-than-expected earnings, revenue, and cash flow. Higher-margin truck sales, improving EV economics, and stronger operating performance helped offset ongoing EV-related charges and tariff costs.
Earnings
Domino’s Pizza reported revenue above expectations and continued order growth despite soft consumer demand. Investors focused on customer traffic, store expansion, and market-share gains, sending shares higher even as earnings missed forecasts.
Innovation & Tech
Hut 8 surged after securing a second $9.8 billion AI data-center lease, fully commercializing its Texas campus. The deal highlights growing demand for AI infrastructure and reinforces the shift of former bitcoin miners toward long-term data-center revenue.
Innovation & Tech
Alphabet shares climbed after reports that Google is developing a new AI chip designed around its Gemini model, highlighting the company's effort to improve efficiency, expand AI capacity, and strengthen its integrated AI infrastructure strategy.