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.
Earnings
Intel (INTC) topped earnings and revenue expectations as AI-driven demand boosted its data center, server, and foundry businesses. The company raised capital spending plans, while investors weighed strong growth against higher investment needs and supply constraints.
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
Texas Instruments delivered record revenue, strong earnings, and an outlook above Wall Street estimates as industrial, automotive, and data-center demand accelerated. Despite the strong results, elevated investor expectations pressured the stock.
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
GE Vernova raised its 2026 outlook after orders surged 88%, backlog reached $176 billion, and data center demand continued to expand. Despite strong growth and higher guidance, shares moved lower following the earnings release.
Innovation & Tech
Super Micro Computer (SMCI) surged after revealing gross margins nearly double prior forecasts and reporting more than $60 billion in new orders, pushing backlog to record levels and reinforcing demand for AI infrastructure systems.
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.
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.