Kevin Smith

Sandisk sees an above-consensus quarter on AI memory demand

Sandisk posted revenue and profit guidance above expectations, supported by strong demand for memory chips used in artificial intelligence data centers. Despite the upbeat outlook, the stock dropped 6% after the Wall Street close, as investors remain cautious after the shares' sharp run-up this year.

August 06, 2026 at 10:21 am

AppLovin plunges 22%, even after a near-flawless quarter

AppLovin shares slumped 22% in electronic trading yesterday, as investors punished results that remain strong, but which are no longer enough to satisfy the lofty expectations surrounding the US AI-boosted digital marketing platform.

August 06, 2026 at 10:20 am

Rheinmetall shares whipsawed after quarterly results

Results posted by the German defense specialist point to a sharp increase in activity fueled by military spending. The group also lowered its full-year revenue forecast after the cancellation of the F126 frigate program, news that had already been widely priced in as Rheinmetall laid out the financial consequences of the program's termination in early July. The stock is nonetheless jittery: after rising as much as 2.77% shortly after the open, it was down over 1% just before 10 a.m.

August 06, 2026 at 10:19 am

OpenAI and Anthropic agents carry out unauthorized actions in security tests

The UK's AI Security Institute said artificial intelligence agents from OpenAI and Anthropic engaged in unauthorized behavior during cybersecurity assessments. The incidents have reignited the debate over the safety and control of the most advanced AI agents.

August 06, 2026 at 08:21 am

Data Centers: The Market Reconsiders Its Case Against Hyperscalers

Long accused of blowing hundreds of billions on AI, hyperscalers may in fact be best positioned to turn this data center race into a durable annuity.

August 06, 2026 at 08:05 am

Vusion Said to Be Weighing Strategic Options, Including a Possible Sale

The French maker of electronic shelf labels for mass market retailers is exploring different strategic avenues, including a divestment, according to people familiar with the matter cited by Bloomberg. However, any deal remains hypothetical at this stage.

August 06, 2026 at 08:05 am

Adecco improves profitability in Q2

Adecco Group has posted Q2 2026 adjusted EPS that is up 31% to EUR0.61, along with EBITA excluding exceptional items up 21% organically to EUR165m, lifting its margin by 30 basis points to 2.8%, "reflecting strong operating leverage".

August 06, 2026 at 08:05 am

Western Digital sees a strong quarter ahead, but Wall Street wants more

Western Digital issued revenue and profit guidance above expectations for the current quarter, boosted by demand from AI-focused data centers. Even so, the stock slipped after Wall Street closed, as investors argued that the upside was already largely priced in.

August 06, 2026 at 08:04 am

Duolingo disappoints with revenue guidance despite strong user growth

Duolingo issued Q3 revenue guidance that is slightly below expectations, overshadowing solid results in user growth. The group continues to prioritize engagement and retention across its community rather than faster monetization.

August 06, 2026 at 08:04 am

Wall Street loses momentum after three sessions of big gains

US markets were mixed Wednesday after three sessions of strong gains, as a pullback in AI-related stocks weighed on the Nasdaq, while health care, materials, and several strong earnings reports pushed the broader indexes to fresh highs. The S&P 500 closed down 0.17% at 7,723.6 points after setting a new intraday record. The Dow Jones rose 0.49% to 54,349.1 points, also notching an all-time high, while the Nasdaq 100 fell 0.83% to 29,487.8 points.

August 06, 2026 at 08:04 am

Meta launches Muse Code, its first AI agent dedicated to software development

Meta has unveiled Muse Code, its first artificial intelligence agent designed for software development. With this new offering, the group aims to challenge Anthropic and OpenAI by betting on tight integration with its AI models and a competitive pricing strategy.

August 06, 2026 at 08:04 am

The United States has already refunded nearly $100bn in canceled tariffs

The Trump administration said it has already refunded about $100bn in duties collected under the "Liberation Day" tariffs, which were struck down by the Supreme Court. While much of the money has been returned, the refund process is still far from complete.

August 05, 2026 at 08:06 pm

Moderna Still in the Red but Looks Solid, Stock Jumps

The biotech's results point to a nearly steady business in Q2, while the loss narrowed slightly. The group also improved its outlook for spending and cash while reaffirming its revenue growth target. Markets approve: the stock is up nearly 4.5% on Wall Street.

August 05, 2026 at 06:46 pm

Google reshuffles its AI operations, Jeff Dean leaves group after 27 years

Google has announced a major reorganization of its artificial intelligence operations, highlighted by the departure of Jeff Dean, one of the company's long-standing figures. The move also comes with a new structure for Google DeepMind, with Demis Hassabis refocusing on long-term strategic direction.

August 05, 2026 at 06:46 pm

SpaceX Tested by Its First Earnings Release

Tuesday's close marked a turning point for SpaceX, which for the first time since its Wall Street debut reported Q2 results for its fiscal year. Despite strong momentum across some of its businesses, the stock fell 8% in trading. The reasons: several sources of pressure that continue to fuel investor concerns.

August 05, 2026 at 06:45 pm

Walt Disney beats consensus in Q3

Walt Disney reported adjusted EPS up 28% to $2.06 for Q3 2025-2026, beating consensus by more than 10%, along with segment operating income up 21% to $5.55bn, "modestly exceeding its prior forecast".

August 05, 2026 at 05:01 pm

A head-fake cut to Eli Lilly's EPS targets

Alongside the release of quarterly results that topped expectations, Eli Lilly said it is tightening down its target range for FY 2026 adjusted EPS, now expected at $35.5 to $36.5, versus a prior forecast of $35.5 to $37.

August 05, 2026 at 05:01 pm

Wall Street Extends Its Rally Amid Optimism

US indexes are trading at record levels on Wednesday, with the S&P 500 and the Dow Jones posting fresh all-time highs. Hopes for an improvement in the geopolitical backdrop enable markets to keep moving higher, despite a sharp pullback in several technology names such as SpaceX and AMD. The Dow Jones and the S&P 500 are up 1% and 0.3%, respectively, while the Nasdaq 100 is almost afloat, down just 0.1%

August 05, 2026 at 04:19 pm

Jefferies No Longer Rates Best Buy a Buy, Shares Slide

Best Buy is down 2.5% at around $85, weighed on by Jefferies' downgrade to hold, with an $85 target price for the consumer electronics retailer's share.

August 05, 2026 at 04:18 pm

Uber boosts profit by one-third in Q2

Uber Technologies posted non-GAAP EPS up 35% to $0.81 for Q2 2026, along with adjusted EBITDA up 33% to $2.82bn, lifting margin by 0.4 point to 4.9% of gross bookings, which rose 24% to $58bn (+22% at constant exchange rates).

August 05, 2026 at 04:18 pm

Stock market: what are these 3 European hosting providers worth?

Faced by a huge US dominance, a handful of European companies are trying to carve out a place in the cloud. OVH, IONOS and Sinch offer three very different models.

August 05, 2026 at 04:01 pm