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SpaceX Falls After First Earnings, AMD Drops Despite Data Center Growth
Description
Market update for Wednesday August 5, 2026
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In today’s episode, Zaid covers:
Stocks hit new records as the AI trade makes a massive comeback
SpaceX reports earnings for the first time as a public company, revealing a huge AI infrastructure spending
AMD delivers a strong earnings report with booming AI demand, but investors punish the stock after expecting even more.
Shopify surges after a monster quarter, while Uber faces questions about growth, competition, and the future of robotaxis.
MySpace tries to make a comeback nearly two decades after losing the social media battle to Facebook.