WS #13428
SpaceX reported Q2 revenue of $7.8B (+92% YoY) beating estimates, but massive AI capex of $18.4B and lock-up expiry concerns sent shares down ~6-8% after hours; Musk announced exclusive use of Nvidia chips for AI data centers. Jeff Bezos sold ~15 million Amazon shares worth $4.1B via a pre-arranged plan, creating an overhang on AMZN despite strong AWS growth and record stock price. Palantir surged 29.5% on blowout earnings, but hedge fund Whale Rock lost 21.7% in July on AI selloff, highlighting fragility and divergence in AI-related stocks. AMD beat revenue and EPS estimates but missed the whisper number, causing after-hours stock decline and dragging Nasdaq futures lower.
SpaceX Earnings and AI Capex
SpaceX reported Q2 revenue of $7.8B (+92% YoY) beating estimates, but massive AI capex of $18.4B and lock-up expiry concerns sent shares down ~6-8% after hours; Musk announced exclusive use of Nvidia chips for AI data centers.
Jeff Bezos sold ~15 million Amazon shares worth $4.1B via a pre-arranged plan, creating an overhang on AMZN despite strong AWS growth and record stock price.
Palantir surged 29.5% on blowout earnings, but hedge fund Whale Rock lost 21.7% in July on AI selloff, highlighting fragility and divergence in AI-related stocks.
AMD beat revenue and EPS estimates but missed the whisper number, causing after-hours stock decline and dragging Nasdaq futures lower.