Tech Stocks

SpaceX Posts First Earnings: Q2 Revenue Surges 92%, Bitcoin Holdings Lose $540M [Core Summary] Elon Musk’s SpaceX released its first quarterly earnings report since going public on August 4, showing a 92% year-over-year revenue surge in Q2 that exceeded Wall Street expectations. However, the company posted a $540 million unrealized loss on its Bitcoin holdings due to price volatility, highlighting the double-edged sword of crypto assets on corporate balance sheets. The report comes ahead of a major insider share unlock. ...

Data analytics giant Palantir delivered Q2 2026 earnings that significantly beat Wall Street expectations, sending shares surging over 12% after hours. US commercial revenue jumped nearly 150% year-over-year, signaling accelerating enterprise AI adoption.

Core Summary US stocks rallied sharply on August 4, with the Dow Jones Industrial Average surging over 500 points in a single session. Strong performance from major tech stocks combined with falling oil prices drove the market rebound. Meanwhile, joint US-Japan forex intervention to support the yen provided additional market sentiment support. Investor expectations for a soft economic landing have heated up once again. Editor: GoodInfo Global News Team

Apple’s market capitalization surpasses $5 trillion, making it the second company ever to reach this milestone. Meanwhile, investors are pulling back from overvalued AI stocks and rotating into more stable tech blue chips.

IBM shares plunged over 25% on July 14, marking the company’s worst single-day decline since its founding in 1911. The crash was triggered by a pessimistic earnings preannouncement exposing the struggles of legacy tech giants in the AI era.

Core Summary Tech giant IBM saw its stock plunge over 25% in a single session after issuing a second-quarter earnings warning. The company cautioned that massive corporate investment in artificial intelligence is crowding out budgets for traditional software and services, pressuring core business revenue. The announcement triggered a broad selloff in the technology sector. Details In its after-hours earnings warning, IBM stated that despite strong AI-related demand, customers are reallocating IT budgets as they accelerate AI deployments, cutting spending on traditional software licenses and consulting services. The company now expects Q2 revenue to fall below prior analyst expectations. ...

According to CNBC, President Trump purchased significant shares of Apple, Nvidia, and other tech giants before announcing a tariff pause that fueled a market rebound. A congressional report reveals 327 previously unreported stock trades made a day before the policy reversal, potentially worth over $1 billion.

Global tech sell-off intensifies as South Korea’s KOSPI index plunges 8% with three circuit breakers triggered this week, while S&P 500 futures also decline. Asian markets face their worst single-day drop of the year.

SpaceX Stock Tumbles 16.4%, Erasing Most IPO Gains SpaceX shares plunged 16.4% in Monday trading, marking the company’s worst single-day decline since its historic $75 billion IPO on June 12. The selloff erased most of the gains the stock had accumulated since going public on NASDAQ. According to CNBC and Yahoo Finance, the stock came under heavy selling pressure throughout the session, extending a three-day losing streak that has brought the cumulative decline to nearly 20%. The drop coincided with a broader weakness in technology stocks, with the S&P 500 closing lower on the day. ...

Palantir’s Q1 earnings beat expectations with 85% year-over-year revenue growth, the fastest expansion since its 2020 market debut, fueled by government and enterprise AI demand.