WS #13503
SpaceX's massive AI spending and weak earnings triggered a broad tech selloff, with AMD, GOOGL, and others falling, while Nvidia rallied on exclusive SpaceX AI deal. Mixed earnings: HubSpot and Fluence Energy cratered on guidance misses, while McKesson, MercadoLibre, and Qualys surged on beats, driving single-stock volatility.
Tech Selloff and AI Capex
SpaceX's massive AI spending and weak earnings triggered a broad tech selloff, with AMD, GOOGL, and others falling, while Nvidia rallied on exclusive SpaceX AI deal.
Mixed earnings: HubSpot and Fluence Energy cratered on guidance misses, while McKesson, MercadoLibre, and Qualys surged on beats, driving single-stock volatility.