Dow and S&P 500 set to notch new highs despite AMD and SpaceX falls

EarningsPrice Action Impact 4
โดย Yahoo Finance·US·Read original
Summary · why it matters

US stock indexes are expected to climb to new record highs on Wednesday as oil prices consolidate and investors prepare for another packed round of corporate earnings. Dow Jones and S&P 500 futures both pointed 0.4% higher, extending all-time highs, while Nasdaq futures were up 0.2% as SpaceX and AMD shares fell sharply in pre-market trading. AMD shares dropped 8.8% despite forecasting third-quarter revenue ahead of consensus, and SpaceX fell 10.8% following the release of its first earnings since listing, more than reversing the previous day's gain. On the earnings call, CEO Elon Musk suggested Starlink could build a terrestrial mobile network to compete with the likes of T-Mobile, AT&T and Verizon, and Musk also announced that all of SpaceX's future AI infrastructure buildout will be fueled by Nvidia chips exclusively. Thursday brings the next key test of SpaceX investor confidence as the first stock lockup expiry lands, with more than 900 million shares potentially up for sale by insiders.

Impact on stocks 11

Cloud & Digital Infrastructure▲ · 4 stocks
AT&T Inc.
T
± MixedCompetitionrelevance

Musk suggested Starlink could build a terrestrial mobile network to compete with T-Mobile, AT&T, and Verizon.

T-Mobile US Inc
TMUS
± MixedCompetitionrelevance

Musk suggested Starlink could build a terrestrial mobile network to compete with T-Mobile, AT&T, and Verizon.

Artificial Intelligence± Mixed · 2 stocks
Advanced Micro Devices Inc
AMD
▼ NegativeCapitalrelevance

AMD shares fell 8.8% despite forecasting Q3 revenue ahead of consensus, indicating market disappointment.

NVIDIA Corporation
NVDA
▲ PositiveDemandrelevance

Musk announced SpaceX's future AI infrastructure will exclusively use Nvidia chips, boosting demand.

Space Economy▼ · 1 stocks
Financials▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks
Communication Services▲ · 1 stocks
Synthetic Biology (non-pharma)▲ · 1 stocks

Theme Impact 3

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