WS #13429
SpaceX and AMD both reported strong earnings but saw after-hours stock declines due to heavy AI capex and lockup concerns, signaling investor fatigue with AI spending. Jeff Bezos filed to sell ~15 million Amazon shares (~$4.1B) via a pre-arranged plan, a minor overhang on AMZN despite strong fundamentals. Palantir (+29.5%) and Caterpillar (+6.5%) posted blowout earnings, driving the S&P 500 and Dow to record closes, with tech and industrials leading the rally.
AI Earnings Bifurcation: SpaceX & AMD Slide Despite Beats
SpaceX and AMD both reported strong earnings but saw after-hours stock declines due to heavy AI capex and lockup concerns, signaling investor fatigue with AI spending.
Jeff Bezos filed to sell ~15 million Amazon shares (~$4.1B) via a pre-arranged plan, a minor overhang on AMZN despite strong fundamentals.
Palantir (+29.5%) and Caterpillar (+6.5%) posted blowout earnings, driving the S&P 500 and Dow to record closes, with tech and industrials leading the rally.