The investment bank highlighted Coca-Cola's robust second-quarter results, where unit case volume and organic sales significantly surpassed consensus estimates, prompting an upgraded full-year outlook.
Shares of AI infrastructure companies like Nebius and CoreWeave surged after the forced liquidation of a major hedge fund appeared to conclude, a development analysts see as a classic capitulation signal. However, concerns about AI monetization, highlighted by a drop in Meta's stock, suggest broader sector uncertainty remains.
Strategy Inc. reported a Q2 net loss of $24.45 per share, driven by a significant unrealized loss on its bitcoin holdings. The company's revenue grew 6.9% to meet analyst expectations as it continued to expand its digital asset portfolio.
The gaming platform's stock fell sharply after its third-quarter bookings guidance came in significantly below Wall Street estimates, overshadowing a mixed second-quarter earnings report that also missed key user engagement targets.
The electric vehicle maker reported Q2 revenue of $1.66 billion and a narrower net loss, surpassing analyst expectations. The results were bolstered by the first deliveries of its R2 SUV and improved operational efficiency.
The social media company forecasts third-quarter revenue above Wall Street estimates, citing a 70% year-over-year jump in advertisers in Q2 as its AI-powered marketing tools gain traction.
The Ticketmaster parent reported second-quarter revenue of $7.66 billion, surpassing analyst expectations, as robust global demand for live music proves resilient against broader economic pressures.
U.S. equity markets rallied on Thursday, with a surge in technology stocks pushing the Nasdaq Composite up 2.78%. The Dow Jones Industrial Average and S&P 500 also posted strong gains as investor sentiment improved.
Brazil's benchmark Bovespa stock index closed significantly higher on Thursday, buoyed by strong performance in the real estate and utilities sectors, while the Brazilian real strengthened against the U.S. dollar.
