On their first earnings call since SpaceX's June public offering, executives said the company is pouring funds into rocket development, Starlink satellites and AI.

SpaceX reported on Tuesday a 92% rise in revenue for the ⁠April-June ⁠quarter, in its first earnings since going public, ⁠buoyed by strong growth in its Starlink satellite-internet and AI businesses.

Investors are focused on whether SpaceX will be able to deliver on its ambitious artificial intelligence agenda.

Morgan Stanley expects $64 billion in capital spending from SpaceX this year. The company is dramatically ramping up AI investments.

Hon Hai Precision Industry Co. reported a 54.2% increase in monthly sales, signaling sustained demand in global AI infrastructure buildout by customers such as Nvidia Corp.

Nvidia stock has lagged behind the PHLX Semiconductor Index, which is up 61% this year so far through Monday’s close.

Nvidia stock (NVDA) rose on Tuesday, extending a recent rebound as renewed optimism surrounding artificial intelligence infrastructure lifted semiconductor stocks and helped drive US equities to fresh record highs.

Nvidia (NASDAQ:NVDA) stock might have slowed down in the past year, gaining less than 15% in the timespan, but the business is still moving at a staggering pace as it does its best to meet sky-high AI demand while investing in the bottlenecks in the buildout.

Shares of Uber Technologies fell 6% in midday trading Wednesday after the ride-hailing company issued a softer-than-expected outlook for the current quarter. The stock is now down about 17% this yea

Uber Technologies shares fell early Wednesday, despite the ride-hailing company registering earnings a tad above Wall Street estimates in the second quarter as a jump in passengers and deliveries boosted revenue.

Uber's earnings were in line with estimates, but the company's guidance for the third quarter trailed expectations.

Uber Technologies (NYSE:UBER) traded lower in pre-market trading on Wednesday after issuing third-quarter earnings guidance that came in below Wall Street expectations, despite reporting solid second-quarter operating performance.

Stocks are wavering in morning trading on Wall Street, while oil prices hold steady. The S&P 500 rose 0.1% Wednesday, adding slightly to the record it set a day earlier. The Dow Jones

Stocks rose in morning trading on Wall Street Wednesday and added to their records set a day earlier, while oil prices held steady. The S&P 500 climbed 0.5%. The Dow Jones Industrial Average added 487 points,

Stocks are climbing in the early going on Wall Street, while oil prices ticked higher. The S&P 500 rose 0.6% Wednesday, adding to the record it set a day earlier. The Dow Jones Industrial Average rose 381 points,

Stocks held close to their records on Wall Street, while oil prices held steady. The S&P 500 slipped 0.2% Wednesday from the all-time high it set a day earlier. The Dow Jones Industrial Average rose 0.

Retired Air Force Brigadier General John Teichert joins Stuart Varney to discuss President Donald Trump's Iran deal claims, Strait of Hormuz oil risks, soaring markets and reports of North Korean missile forces heading to Russia.

Wall Street was poised to open higher and oil prices flipped to significant losses Tuesday after President Donald Trump criticized oil companies for using the Iran conflict to amass excessive profits.

Retired Gen. Jack Keane analyzes the sharp drop in crude oil prices after President Donald Trump paused military strikes against Iran. Keane explains how market volatility reacted to the administration's push for diplomatic talks.

Global oil prices fell sharply after United States President, Donald Trump, announced that planned US military strikes on Iran had been called off, easing concerns over a potential disruption to global energy supplies.

(VPG) on Wednesday reported a loss of $1.7 million in its second quarter.

(CIM) on Wednesday reported earnings of $17.4 million in its second quarter. On a per-share basis, the New York-based company said it had net loss of 5 cents. Earnings, adjusted for non-recurring costs,

The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share. The insurance holding company posted revenue of $314.4 million in the period. Its adjusted revenue was $307.

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