Macro
Real estate markets are splitting into two distinct stories. AI infrastructure is driving record demand for data centers and helping REITs outperform, while housing affordability, higher borrowing costs, and new investment initiatives are reshaping residential and commercial real estate.
Business Trends
Supernus Pharmaceuticals (SUPN) rose after announcing a merger with Indivior and raising its 2026 outlook. Investors looked beyond a non-cash impairment and earnings miss, focusing on stronger revenue growth, higher guidance, and the strategic expansion of its CNS business.
Earnings
Qualcomm faces weaker handset economics, higher costs and a faster Apple modem transition, while Arm’s AI data center business expands. The contrasting earnings highlight shifting semiconductor growth toward automotive, cloud and AI infrastructure.
Innovation & Tech
DoorDash received FAA certification to operate commercial drone deliveries and plans to launch DoorDash Air in fall 2026, expanding its autonomous delivery network with internally developed aircraft alongside human couriers, robots, and existing drone partners.
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.
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
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
RTX and Lockheed Martin delivered stronger-than-expected quarters, raised full-year guidance, and reported record backlogs, signaling continued demand across aerospace, missile defense, and military modernization programs.
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.
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.