SpaceX AI spend sparks 10% premarket plunge as earnings roll in
TL;DR Summary
SpaceX shares slid about 10% in premarket trading after a surge in AI-related spending clouded a stronger earnings report, with AMD down around 8% and Pinterest falling ~8.5% on slower Q3 revenue growth. Booking Holdings rose about 7% after beating profit estimates, and Uber gained roughly 3% as the UK approved supervised autonomous robotaxi trials with Wayve. The broader market backdrop was mixed, with Europe and Asia trading higher while futures pointed to mostly flat U.S. sentiment.
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