Market news
Crypto, stocks, forex and macro, aggregated for traders.
Microsoft Contract Backlog Ex-OpenAI Jumps 25%, Cloud Revenue Tops $214B
Microsoft’s Q4 contract backlog rose 25% excluding OpenAI, and full-year cloud revenue exceeded $214 billion with nearly 90% coming from customers outside of frontier model companies, the CFO said on an earnings call.
Microsoft Copilot Enterprise Deployments Surge 75% QoQ, Revenue Up Over 60%
Microsoft CEO reports a nearly 75% QoQ rise in enterprise customers deploying Copilot to the majority of their information workers, with Copilot revenue accelerating over 60% QoQ.
Robinhood Posts Record $1.31 Billion Revenue in Q2 2026 as Product Diversification Pays Off
Robinhood reported record Q2 2026 revenue of $1.31B, up 32% YoY, with EPS rising 48% to $0.62. The platform now has 13 business lines each generating over $100M in annualized revenue.
Johnson & Johnson Gets Exclusive Option to Buy Sail Biomedicines for $2.58 Billion
J&J has secured an exclusive option to acquire Sail Biomedicines for $2.58 billion along with an equity investment, with initial payments of $785 million, per an SEC filing.
Arm Expects Quarterly Run Rate of About $200M, Sees Strong Demand
Arm's executive says the company anticipates a quarterly run rate of around $200 million for the remainder of the year, with spending plans unchanged and robust demand across its business segments.
Meta CEO says enterprise business agents are a natural ad model extension
Meta's CEO explained that enterprise agents across messaging apps represent a logical extension of its advertising model, with a potential offering including API and productivity services, while consumer personal agents will be a massive market.
Meta CEO says intelligence sales hold higher margin than direct compute, but compute opportunity remains
Meta's CEO stated that selling intelligence retains a significantly higher margin than selling compute directly, while also noting a large opportunity in the compute market, during the earnings call.
Meta CEO Outlines AI Monetization Plans: Subscriptions, Volume Pricing, and Ad-Like Auctions
Meta CEO Mark Zuckerberg detailed plans to monetize AI products through a mix of subscriptions and volume-based pricing, comparing the model to the company's ad auction system.
Qualcomm CFO Sees Non-Handset Revenue Surpassing 50% of QCT by 2027
Qualcomm’s CFO projects non-handset revenue will exceed half of QCT segment sales in fiscal 2027 and reach about two-thirds by 2029, with growth accelerating dramatically next fiscal year.
SoFi Crypto Revenue Hits $134M, Nets Just $1.2M
SoFi generated $134.3 million in Q2 crypto transaction revenue but netted only about $1.2 million after costs, as stablecoin and banking integrations expand.
Qualcomm CEO: Custom Silicon Revenue to Begin in December Quarter
Qualcomm's CEO announced that two near-term custom silicon wins will start generating revenue in the December quarter, with wafer production already begun and the tape-out of HBC Gen 1 completed.
Microsoft Azure Revenue Tops $100 Billion in FY26, AI Investments Paying Off
Microsoft CFO Amy Hood, in an internal memo, said Azure revenue crossed $100 billion in fiscal 2026, with AI investments showing returns and Copilot paid seats surpassing 30 million.
Prediction Markets trading drives Robinhood revenues up 23% to record $1.3 billion in Q2 2026
Robinhood reported record Q2 2026 revenue of $1.31B, up 23% QoQ, as prediction markets, options and equities drove growth; crypto revenue fell 38% YoY.
Meta Forecast Disappoints, Microsoft Cloud Shines in Late-Hours Earnings
After-hours earnings brought mixed signals as Meta's weak outlook contrasted with a strong Microsoft cloud beat, while Qualcomm and Arm lowered guidance and Starbucks and Chipotle raised annual forecasts.
Tech Stocks Slide: Nvidia, KLA Fall as Kospi Drops 6%; Hims & Hers Plummets on Data Allegations
Tech shares remained under pressure with broad declines. South Korea’s Kospi tumbled 6% after SK Hynix dropped despite record revenue, while Hims & Hers Health sank 11.4% following regulatory allegations over data sharing.
Dow Jones Tumbles 900 Points Ahead of Fed Decision
The Dow Jones Industrial Average dropped 1.7% on Wednesday, shedding around 900 points as markets awaited the Federal Reserve's policy announcement.
Airbus Beats Q2 Profit Estimates, Maintains Full-Year Outlook
Airbus reported second-quarter adjusted EBIT of €1.91 billion, topping consensus. The planemaker still expects 870 aircraft deliveries this year and confirmed its full-year EBIT target of €7.5 billion.
Airbus beats Q2 profit estimates, defense segment shines
Airbus reported second-quarter profit and revenue above expectations, driven by a strong performance in its defense and space division, though full-year free cash flow guidance came in slightly below estimates.
Strong Fundamentals No Longer Enough as Shares Defy Positive Earnings
Companies with strong earnings and healthy growth are seeing their shares move sharply in the opposite direction, highlighting an unusual phase in market behavior.
GOOGL Corrective Bounce May Precede Another Leg Lower
Alphabet shares are forming a corrective bounce within an Elliott Wave pattern, with analysts suggesting potential for further declines after completion of wave (C) near $312.
Amphenol Posts Strong Q2 2026 Earnings, Raises Outlook on Record Orders
Amphenol reported adjusted EPS of $1.35 for Q2 2026, topping estimates of $1.18, and issued Q3 guidance well above expectations as the CEO highlighted record order bookings.
P&G Q4 Earnings Beat on EPS but Sales Miss; Guidance In Line
Procter & Gamble reported quarterly core EPS of $1.43, topping estimates, but net sales of $21.20B fell short. Full-year guidance was broadly in line with expectations.
Robinhood Chain: 80% of Volume Is Memecoins, Not Stocks
Robinhood Chain has drawn billions in activity since launch, but memecoins account for over 80% of DEX volume. Tokenized stocks are now catching up, data shows.
Dow Jumps Over 500 Points, but Semis and Oil Slide Ahead of MSFT, META Earnings
The Dow rallied 537 points on broad buying, but semiconductor stocks fell sharply, oil prices declined, and cautious positioning ahead of Microsoft and Meta earnings capped enthusiasm.