AI-linked chip stocks rebound while Powell Industries tumbles premarket

Earnings
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Summary · why it matters

U.S. stock index futures rose on Tuesday as semiconductor shares found support from another round of upbeat AI-related earnings. ON Semiconductor rose more than 7% after reporting second-quarter adjusted earnings of $0.74 per share on revenue of $1.60 billion, both ahead of Wall Street forecasts, reinforcing expectations that artificial intelligence infrastructure spending remains resilient. Ameresco surged 29.9% after beating second-quarter revenue expectations and raising its full-year earnings outlook, while Snap jumped nearly 9% following a broad earnings beat. Powell Industries tumbled 14.0% after missing Wall Street expectations on both earnings and revenue for a second consecutive quarter, despite record new orders and a sharply expanded backlog.

Impact on stocks 9

Energy Transition & Power Demand± Mixed · 2 stocks
Ameresco Inc
AMRC
▲ PositiveCapitalrelevance

Beats Q2 revenue expectations and raises full-year earnings outlook.

Artificial Intelligence▲ · 2 stocks
Spatial Computing / AR/VR▲ · 1 stocks
Snap Inc
SNAP
▲ PositiveCapitalrelevance

Broad earnings beat drives shares up nearly 9%.

Consumer Discretionary▲ · 1 stocks
Semiconductors▲ · 1 stocks
Real Estate▲ · 1 stocks
Information Technology▲ · 1 stocks

Theme Impact 3

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