Consumer Tech (Aug 3-7): SpaceX Released Strong First Earnings, Meta Sued For Harming Children's Mental Health & More
President Donald Trump said on Friday that data centers could eventually become a bigger industry than oil, calling them significant for the U.S. economy. President Donald Trump ‘s former Counterterrorism Chief Joe Kent has reaffirmed his stance that the U.S. should exit the Strait of Hormuz and claim victory in the Iran war. New York City Mayor Zohran Kwame Mamdani has launched a crackdown on online retailers selling allegedly illegal high-speed e-bikes and e-scooters, targeting major platforms including Walmart Inc. (NASDAQ: WMT ), Target Corp. (NYSE: TGT ), Wayfair Inc. (NYSE: W ), Temu parent PDD Holdings Inc (NASDAQ: PDD ) and Amazon.com, Inc. (NASDAQ: AMZN ) over public safety concerns. Software, Technology & Semiconductors Applied Optoelectronics Inc. (NASDAQ: AAOI ) stock surged in premarket trading Friday after the company reported second-quarter results that topped Wall Stre...
S. economy. S. should exit the Strait of Hormuz and claim victory in the Iran war.
New York City Mayor Zohran Kwame Mamdani has launched a crackdown on online retailers selling allegedly illegal high-speed e-bikes and e-scooters, targeting major platforms including Walmart Inc. (NASDAQ: WMT ), Target Corp. (NYSE: TGT ), Wayfair Inc. com, Inc.
(NASDAQ: AMZN ) over public safety concerns. Software, Technology & Semiconductors Applied Optoelectronics Inc. (NASDAQ: AAOI ) stock surged in premarket trading Friday after the company reported second-quarter results that topped Wall Street estimates, issued strong third-quarter guidance and said demand for its AI networking products is expected to outpace production capacity through mid-2027. Meta Platforms, Inc.
(NASDAQ: META ) was ordered to pay $567 million and implement sweeping changes to Facebook and Instagram for young users after a New Mexico judge ruled the company contributed to harming children’s mental health and safety. Meta has joined OpenAI and Anthropic in facing fresh AI safety concerns after one of its models gained unintended internet access during cybersecurity testing and exploited a security vulnerability involving another company. Cloudflare, Inc. 41%, according to Pro data.
5 million. 766 billion, up 28% year-over-year. 660 billion according to data Pro. Rigetti Computing, Inc.
(NASDAQ: RGTI ) reported quarterly losses of five cents per share, in line with the analyst consensus estimate, according to Pro data. 15 million. The Trade Desk, Inc. (NASDAQ: TTD ) reported quarterly earnings of 34 cents per share, which missed the consensus estimate of 40 cents by 15%, according to Pro data.
39 million. 29. 69 billion. SanDisk Corp.
(NASDAQ: SNDK ) posted a fourth-quarter earnings beat on Wednesday, but investors remained unconvinced as cautious guidance and questions over how long the memory boom can last sent the stock sharply lower in after-hours trading. The company expects PC and smartphone shipments to decline sharply in 2026, but CEO David Goeckeler said rising storage capacity and market stabilization next year could support renewed NAND demand. Fastly Inc. (NASDAQ: FSLY ) posted its second-quarter results after Wednesday’s closing bell.
Shares fell despite the company’s strong results and raised fiscal guidance. Figma, Inc. 56 million, per Pro. The collaborative web-based software company reported adjusted earnings of eight cents per share, beating estimates of four cents per share.
SoundHound AI, Inc. 39 million. The conversational AI company reported an adjusted loss of two cents per share for the quarter, beating estimates for a loss of six cents per share, according to Pro. IonQ, Inc.
74 million. The quantum computing company posted a second-quarter adjusted loss of 33 cents per share, beating estimates for a loss of 35 cents per share, according to Pro. 935 billion, according to Pro. 67 per share.
GlobalFoundries Inc. (NASDAQ: GFS ) stock declined Wednesday after the contract chipmaker reported better-than-expected fiscal second-quarter 2026 results, but a third-quarter outlook largely in line with Wall Street expectations failed to impress investors. Palantir Technologies Inc (NASDAQ: PLTR ) stock gained in early trading on Wednesday, but turned red in the trading session. The volatile move comes after reporting upbeat second-quarter financial results on Monday.
Advanced Micro Devices, Inc. (NASDAQ: AMD ) said stronger-than-expected demand has tightened the server CPU supply chain, but CEO Lisa Su expects conditions to improve in 2027. Astera Labs Inc. (NASDAQ: ALAB ) posted its second-quarter results after Tuesday’s closing bell, beating analyst estimates on the top and bottom lines.
Aehr Test Systems (NASDAQ: AEHR ) shares jumped on Tuesday after the company secured a follow-on FOX-XP production order from its lead silicon photonics customer. Networks, Media & Broadline Retail T-Mobile US Inc. (NASDAQ: TMUS ) CEO Srini Gopalan dismissed the threat from Elon Musk’s planned Starlink Mobile service as “exaggerated,” questioning why consumers would leave established carriers even as SpaceX (NASDAQ: SPCX ) promises higher bandwidth, satellite coverage and a terrestrial network aimed at winning customers from T-Mobile, AT&T Inc. (NYSE: T ) and Verizon Communications Inc.
(NYSE: VZ ). Alibaba Group Holding Limited (NYSE: BABA ) is reportedly preparing