WS #13720
SpaceX reports $2 billion H1 loss but stock gains 15.8% on Q2 revenue beat and Terafab chip plans, supporting AI/semiconductor sentiment. Apple pulls Qwen integration document from Chinese website, signaling a pivot to Baidu for China AI services, a negative for Apple's China strategy but positive for Baidu. US July nonfarm payrolls fell 23,000 with downward revisions, reducing odds of a September Fed rate hike and supporting rate-cut expectations. Berkshire Hathaway's new CEO Greg Abel invests $10 billion in Alphabet and buys back $4.5 billion of Berkshire stock, a bullish signal for GOOGL.
SpaceX public earnings and Terafab
SpaceX reports $2 billion H1 loss but stock gains 15.8% on Q2 revenue beat and Terafab chip plans, supporting AI/semiconductor sentiment.
Apple pulls Qwen integration document from Chinese website, signaling a pivot to Baidu for China AI services, a negative for Apple's China strategy but positive for Baidu.
US July nonfarm payrolls fell 23,000 with downward revisions, reducing odds of a September Fed rate hike and supporting rate-cut expectations.
Berkshire Hathaway's new CEO Greg Abel invests $10 billion in Alphabet and buys back $4.5 billion of Berkshire stock, a bullish signal for GOOGL.