Stocks Waver as Mixed Earnings and Chipmaker Rebound Offset Software Weakness

EarningsPrice Action
โดย Barchart·US·Read original
Summary · why it matters

U.S. stocks were mixed on Thursday as a rebound in chipmakers and stronger-than-expected economic data helped offset a sell-off in software shares following disappointing earnings. The S&P 500 edged up 0.07%, the Dow fell 0.38%, and the Nasdaq 100 added 0.26%. Datadog tumbled over 14% after reporting second-quarter adjusted gross margin below consensus, dragging down other software names including Salesforce, Atlassian, and Workday. AppLovin sank 19% on a revenue miss, while memory chipmakers Western Digital and SanDisk fell sharply after SanDisk forecast first-quarter revenue of $10.30 billion to $10.80 billion, below the $11.16 billion consensus. Limiting losses, ARM Holdings rose more than 5% and ASML, ON Semiconductor, and Marvel Technology gained over 2%, while Paycom Software surged 22% after raising its full-year revenue outlook to $2.20 billion to $2.21 billion, above estimates. Weekly jobless claims rose by 1,000 to 199,000, better than the 205,000 expected, and second-quarter nonfarm productivity increased 1.4%, exceeding the 0.6% forecast. A Financial Times report that Fed Chair Warsh is willing to raise rates in September if inflation firms weighed on sentiment, while crude oil rose over 1% after Yemen's Houthi rebels said they targeted a Saudi oil tanker in the Gulf of Aden.

Impact on stocks 38

Artificial Intelligence± Mixed · 14 stocks
Datadog Inc
DDOG
▼ NegativeCapitalrelevance

Adjusted gross margin below consensus

Semiconductors± Mixed · 10 stocks
Sandisk Corp
SNDK
▼ NegativeDemandrelevance

SanDisk forecast Q1 revenue below consensus, indicating weak demand.

ASML Holding N.V.
ASML
▲ PositiveDemandrelevance

ASML gained over 2% as chipmakers rebounded, indicating robust demand for its lithography systems.

Cloud & Digital Infrastructure± Mixed · 5 stocks
Western Digital Corporation
WDC
▼ NegativeDemandrelevance

Western Digital fell sharply following SanDisk's weak revenue forecast, reflecting sector demand concerns.

Workday Inc
WDAY
▼ NegativeCapitalrelevance

Dragged down by Datadog's earnings miss

Electrification & Mobility▲ · 1 stocks
Consumer Staples▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks
Defense & Geopolitical Fragmentation▲ · 1 stocks
Smart City / Autonomous Infrastructure▲ · 1 stocks
Cybersecurity & Digital Trust▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
Robotics & Physical AI▲ · 1 stocks
Real Estate▲ · 1 stocks

Theme Impact 4

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