🤖 Still all-in on AI

Good evening. Blockbuster earnings from Microsoft and Meta gave markets a jolt of optimism, but investors are still chewing on the missed rate cut, an approaching tariff deadline, and a flood of earnings still to come.

⬆︎⬇︎ 1-day change
Market data: today’s market close

WINNERS

⬆︎250.00% Figma

One of the most anticipated IPOs in years. The design software company, best known for helping teams build and collaborate on web and mobile interfaces, hit the public markets with a valuation around $50 billion, far above the $20 billion price tag from its abandoned Adobe deal in 2023. [Read more]

⬆︎18.30% eBay

🔔 Earnings report - Outbidding expectations. eBay, the longtime online marketplace for everything from sneakers to collectibles, just posted its strongest growth in a while. Revenue rose 6% in Q2, a big jump from the flat growth it saw earlier this year. The company also gave a solid forecast for Q3, crediting “strategic execution” for the momentum. [Read more]

⬆︎11.25% Meta

🔔 Earnings report - Meta just crushed its Q2 earnings, and AI is a big reason why. The company brought in nearly $47 billion from its main ad business, which is already getting a boost from new AI tools. CEO Mark Zuckerberg says he’s aiming for something much bigger: “superintelligence.” To get there, Meta’s been hiring top AI talent (including one of ChatGPT’s co-creators) and pouring money into massive data centers. [Read more]

⬆︎10.28% Roblox

🔔 Earnings report - The online gaming platform missed profit expectations, but revenue rose 21% from last year. Players spent $1.44 billion on Robux (its virtual currency) marking a 51% increase year over year, a key signal that user engagement and spending on the platform are growing. [Read more]

⬆︎3.95% Microsoft

🔔 Earnings report - Blowout quarter for the tech powerhouse. Revenue topped $76 billion, and its Azure cloud business grew 39% year over year, thanks in large part to rising demand for AI tools. Looking ahead, the company expects cloud growth to continue and plans to invest over $30 billion next quarter to expand its data centers. [Read more]

⬆︎⬇︎ 1-day change
Market data: today’s market close

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LOSERS

⬇︎8.06% Moderna

The COVID-era vaccine maker is cutting 10% of its workforce, in a push to trim $1.5 billion in annual costs by 2027. With vaccine demand fading, rising political resistance to public health mandates, and the government pulling back support, Moderna is finding it harder to chart a path for growth. [Read more]

⬇︎11.11% Ferrari

🔔 Earnings report - Even with a solid 6% jump in earnings, investors weren’t too happy. Ferrari delivered fewer cars than expected and didn’t update its 2025 forecast; a cautious move, especially with U.S.-EU tariffs easing and costs expected to come down. [Read more]

⬇︎13.44% Arm

🔔 Earnings report - Flat earnings, but that’s not the real story. The UK-based chip designer behind almost every smartphone processor is now looking to go beyond blueprints and start building its own chiplets or full processors. That would be a big shift, and could put Arm in direct competition with its own customers, like Nvidia and Amazon. [Read more]

⬇︎14.60% Shake Shack

🔔 Earnings report - Guidance left an odd aftertaste. The fast-casual burger chain known for its cult following and expansion drive actually posted solid results, but slower same-store sales and a soft forecast for next quarter raised red flags. Investors are worried about how much longer customers will keep splurging on $10 burgers. [Read more]

⬆︎⬇︎ 1-day change
Market data: today’s market close

EXTRA

THE END

That’s it for today’s recap. We hope you found it valuable.

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