Earnings
Micron delivered record results and stronger-than-expected guidance as AI demand keeps memory supply tight. MU stock slipped as investors focused on a temporary gross-margin decline despite management expecting conditions to remain constrained through 2028.
Innovation & Tech
Google unveiled Gemini 4 Argon, its most advanced AI model, with stronger capabilities in coding, reasoning and long-duration tasks. The controlled rollout strengthens Google’s AI position, but broader commercial adoption has yet to begin.
Earnings
Jabil delivered stronger-than-expected quarterly results and raised the bar for fiscal 2027 as AI infrastructure demand accelerates. Yet JBL stock fell sharply, highlighting how much growth investors had already expected from the company’s AI expansion.
Business Trends
Tesla secured $30 billion in new credit capacity as it ramps up spending on AI, robotics and autonomous vehicles. The company does not plan to borrow from the facilities in 2026, but the financing adds flexibility for its expanding investment program.
Innovation & Tech
Apple is preparing a broader smart-home push centered on an AI-powered hub, while new CEO John Ternus reportedly moves to accelerate product development and streamline the company. The combination puts product expansion and execution at the center of Apple’s next phase.
Business Trends
Boeing secured a more than $20 billion U.S. Navy contract to develop the F/A-XX sixth-generation fighter, giving the company both major U.S. next-generation fighter programs as it works to improve its defense business.
Business Trends
Iovance raised its 2026 revenue outlook as demand for Amtagvi and Proleukin strengthens, sending the biotech stock sharply higher and putting greater attention on commercial execution and its expanding cancer pipeline.
Earnings
Carnival delivered record quarterly revenue and stronger-than-expected earnings as cruise demand remained firm despite higher fuel costs. Record bookings for 2027 and stronger early 2028 trends added to the positive investor reaction.
Earnings
CarMax delivered a stronger fiscal second quarter as used-vehicle sales accelerated, earnings exceeded expectations and operating efficiency improved. Management also plans to restart share repurchases, adding another sign of confidence in its turnaround.
Innovation & Tech
Nvidia authorized an additional $150 billion in share repurchases, lifting its remaining buyback capacity to $235 billion. Shares rose nearly 3% as the AI chip leader paired its record capital-return plan with a new platform focused on AI agent safety.
Business Trends
MongoDB shares plunged about 20% after CEO CJ Desai abruptly left to lead Meta’s new Enterprise Platform. The departure, one day before MongoDB’s Investor Day, shifted attention from improving business momentum to leadership and execution risk.
Earnings
Nike reports fiscal first-quarter 2027 results on Oct. 1 after the close, with analysts watching weak demand, promotions, China and wholesale trends for signs that its turnaround is stabilizing—or slipping further behind.