WS #13436
SpaceX's first earnings showed $18.37B capex (vs ~$13B expected), 80%+ on AI, causing stock to fall ~8% after hours and raising concerns about AI spending sustainability across the sector. Reports that US is drafting a ban on Chinese data center services and components causing Chinese optical transceiver makers to open sharply lower, with China's STAR Composite up 5% but ChiNext set to open down 3%. S&P 500 and Dow close at record highs, Nasdaq surges 2.59%, driven by strong earnings and oil price decline on Hormuz deal hopes.
AI capex concerns after SpaceX earnings
SpaceX's first earnings showed $18.37B capex (vs ~$13B expected), 80%+ on AI, causing stock to fall ~8% after hours and raising concerns about AI spending sustainability across the sector.
Reports that US is drafting a ban on Chinese data center services and components causing Chinese optical transceiver makers to open sharply lower, with China's STAR Composite up 5% but ChiNext set to open down 3%.
S&P 500 and Dow close at record highs, Nasdaq surges 2.59%, driven by strong earnings and oil price decline on Hormuz deal hopes.