Kevin Smith
Journalist
Semiconductor sell-off remains technical, Invesco says
With the Philadelphia Semiconductor Index now down nearly 30% from its June peak, Invesco is still not ready to call an end to the artificial intelligence bull cycle and argues the move mainly reflects an unwinding of the most crowded positions and a normalization of expectations that had become especially stretched.
31 July 2026 at 04:28 pm AEST
Monolithic Power Systems jumps 8% as AI lifts results and outlook
Fueled by demand tied to artificial intelligence infrastructure, Monolithic Power Systems is up nearly 8% in electronic trading after reporting results that comfortably beat expectations.
31 July 2026 at 04:28 pm AEST
Reddit tops expectations, but is weighed on by concerns over traffic from Google
Reddit posted quarterly results that far exceeded expectations and raised its outlook for the current quarter. Despite this strong performance, the stock is down about 5% in after hours exchanges on Wall Street, as investors remain concerned about volatility in traffic coming from Google's search engine.
31 July 2026 at 04:22 pm AEST
OpenAI sharply cuts prices for some AI models to accelerate adoption
OpenAI has announced a major price cut for its entry-level and intermediate models to address corporate concerns about the cost of artificial intelligence. The move intensifies competition with US rivals and low-priced Chinese models.
31 July 2026 at 04:06 am AEST
Microsoft picks up speed where it matters most and posts historic gain
Amid the gloom of quarterly earnings, it is often hard to separate the big winners from the big losers of the reporting season. Yet even as this new wave of releases has barely begun, one thing already looks clear: Microsoft will rank among this quarter's standout successes.
31 July 2026 at 03:17 am AEST
Shell's adjusted profit more than doubles in Q2
Shell shares are up 0.80% at 3,350.75 pence on the London Stock Exchange today, lifted by Q2 results that topped expectations. Over the period, the oil major generated adjusted profit of $9.8bn, versus $4.2bn a year earlier. The increase reflects strong operating performance across its businesses, highlighted by record upstream production in Brazil and record refinery utilization, despite disruptions tied to the conflict in the Middle East.
30 July 2026 at 11:09 pm AEST
Meta: Growth Resists, but Margins Weigh on Profit
Meta Platforms shares are down about 6% in electronic trading on Wednesday, despite another commercially strong Q2, with investors primarily punishing earnings that missed expectations and the faster pace of spending related to artificial intelligence.
30 July 2026 at 05:08 pm AEST
Hims & Hers slides after FTC lawsuit over privacy and billing
Hims & Hers shares fell more than 11% after the Federal Trade Commission filed a complaint. The regulator alleges the telemedicine group engaged in deceptive practices involving the protection of personal data, billing and subscription cancellations.
30 July 2026 at 05:04 pm AEST
Masco disappoints on revenue despite raising full-year guidance
Masco reported Q2 revenue of $1.99bn, down 3% y-o-y and below the $2.08bn expected by analysts. The company, which specializes in home improvement and construction products, is being hit by a cut in household spending on non-essential projects, amid a high cost of living, tighter financing conditions and a less supportive labor market. The stock is down about 11.5% on Wednesday.
30 July 2026 at 05:24 am AEST
Qualcomm to supply chips for BMW's next-generation vehicle platforms
Qualcomm has reached a long-term agreement with BMW to equip upcoming generations of the German automaker's vehicles with chips for digital cockpits and advanced driver-assistance systems, strengthening its footprint in the automotive technology market.
30 July 2026 at 12:37 am AEST
ASM International slides after in-line quarterly results
ASM International is sliding 8% to EUR695 on the Amsterdam exchange, with investors unimpressed by a quarterly release broadly in line with expectations and by the company's confidence in its outlook.
29 July 2026 at 11:43 pm AEST
Fed: Citadel Securities bets on a surprise rate hike as soon as Wednesday
Citadel Securities now believes a rate hike as soon as Wednesday is the most likely scenario, after its strategists had previously expected tightening in September, followed by December. They acknowledge the decision looks close, especially after June inflation came in below expectations, but argue that the market is underestimating the Fed's shift towards a more restrictive stance.
29 July 2026 at 04:47 pm AEST
Corning tumbles after conservative Q3 outlook
Corning issued a revenue outlook slightly below market expectations, despite still-robust demand for its equipment used in artificial intelligence-related data centers. The shares are down over 16% today.
29 July 2026 at 04:47 pm AEST
Seagate Sees a Better-Than-Expected Quarter on AI-Driven Demand
Seagate issued revenue and profit guidance above expectations, supported by strong demand for high-capacity hard drives used in artificial intelligence infrastructure. The stock is up nearly 7% in after-hours trading.
29 July 2026 at 04:46 pm AEST
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