All articles tagged with #stock price
Zscaler beat estimates with adjusted earnings of $1.19 a share on $898.2 million in revenue and issued a Q1 revenue outlook above consensus, but the stock has fallen about 21% this year as AI enthusiasm weighs on software names; the company is positioning itself as an AI winner in cybersecurity.
Lululemon stock sank about 18% after-hours following a disappointing Q2 (revenue down 4%, comparable sales down 9%, full-year guidance cut). Michael Burry still backs the name, calling LULU a “trickster” in his portfolio but saying he’ll add to the position if shares stay below $100, keeping LULU as his largest holding (roughly 17% of his portfolio) and emphasizing patience despite volatility.
Boston Scientific disclosed a cybersecurity incident that triggered a global network outage, disrupting IT systems and potentially delaying orders and shipments. The company activated incident response, is investigating with third-party cybersecurity experts, and has not yet determined a material impact or restoration timeline. The outage affected its Irish plants and employees, with Irish operations mentioned in a notice; shares declined more than 3% in pre-market trading as the investigation continues.
Phoenix Suns owner Mat Ishbia told UWM employees he welcomes the stock volatility, arguing the noise proves UWM’s leadership in its industry even as the mortgage lender’s shares sink to around $1.20 after a roughly $600 million loss tied to a failed Two Harbors merger and ongoing related litigation.
SpaceX stock fell in early trading after the next stock unlock while Bloomberg reports Stoke Space Technologies is raising about $1 billion to build a fully reusable rocket to compete with SpaceX, which still commands a dominant share of launches. The stock has risen about 22% since the first unlock but remains down since its debut, as investors weigh the potential impact of new competition in the aerospace sector.
SpaceX stock dropped to a fresh intraday low ahead of its second-quarter earnings, trading around $109 after briefly hitting $104.83. The slide leaves shares about 20% below the $135 IPO price and well off its intraday high, as investors fret over a lofty valuation (roughly 35x 2026 sales) and a looming lock-up release that could unlock around 912 million shares in coming weeks. SpaceX reports on Aug. 4, and a strong quarter could help reverse the sentiment.
Meta Platforms posted weaker-than-expected earnings and signaled cautious 2026 capital expenditures as it continues its heavy AI investments, prompting a drop in META stock as investors weigh the cost.
Qualcomm reported fiscal Q3 earnings that missed Wall Street estimates, though revenue topped expectations. The miss sent shares lower as the company forecast weaker Q4 revenue and adjusted earnings. Qualcomm is pushing further into AI data-center opportunities and has completed the Modular acquisition, even as smartphone-chip revenue declined about 20% in the quarter.
SoFi Technologies beat second-quarter earnings forecasts and lifted its adjusted net revenue outlook to about $4.75–$4.85 billion, but the stock fell as investors weighed a 23% drop in the technology platform revenue to $84.5 million after a large client exited, signaling skepticism about the pace of growth.
Apple's stock briefly pushed its market capitalization above $5 trillion today, making it the world's most valuable company and surpassing Nvidia, though intraday prices continued fluctuating.
SpaceX’s stock fell about 20% from its IPO high, trading near $108 and wiping roughly $1.2 trillion in market value since debut. Investors are weighing the impact of a staggered unlock that could release up to 911.5 million shares on Aug. 6 and as many as 5.33 billion shares by year-end, all while short interest runs around 30%. Despite a largely successful Starship-related test and ongoing SpaceX/Starlink ambitions, the stock remains under pressure from valuation concerns and near-term selling risk.
SpaceX’s IPO surged after pricing at $135, briefly peaked around $225, but slid to about $113 within weeks, erasing roughly $600 billion from Elon Musk’s paper net worth in a month. With insider lockups expiring next month and Anthropic/OpenAI IPOs on the horizon, the piece cautions that IPO fervor fades and investors should focus on fundamentals rather than headlines.
Alphabet’s Q2 capex rose to $44.9B with full-year guidance raised to $195–$205B and a big step-up expected in 2027. The market sold GOOG/GOOGL in premarket trading, sending the stock below its 100-day moving average for the first time since April and into potential test of the 200-day around $323. Investors weigh AI-spending costs against upside from Cloud growth (up 82% to $24.8B) and Gemini-enabled monetization, with analysts arguing Alphabet is best positioned to capitalize on AI despite mounting capex.
Short sellers have expanded their bet against SpaceX to roughly 185 million shares, about 29% of the public float and around $25 billion, as the stock hovers near its $135 IPO price after a July drop. The rise in short interest comes ahead of scheduled unlocks that could increase tradable supply in coming months, with major unlocks around the Q2 earnings and continued tranches tied to milestones; Elon Musk’s roughly 42% stake remains locked through 2027, and investors will watch Thursday’s Starship test flight for sentiment cues.
SpaceX shares slid after joining the Nasdaq-100, briefly dropping below its IPO price and trading around $148 as of late, down about 13% in five days and 35% from its June high. The decline underscores concerns that SpaceX’s huge valuation isn’t matched by profits, with nearly $5 billion in losses on over $18.5 billion in revenue last year, compounded by the xAI merger burn and rival Blue Origin’s fundraising. Despite the headwinds, some banks have bullish price targets, suggesting optimism about AI-in-space potential.