SpaceX Hit the Moon and the Floor
The market closed mixed Wednesday as defensives supported the Dow while expensive AI promises dragged tech and easing Hormuz hopes punished energy.
SpaceX spent more than investors could stomach, crowned Nvidia its exclusive AI-chip supplier, and reminded AMD that strong earnings do not fix second place. Shopify, Disney, and Booking showed the other side of earnings season by pairing growth with profits the market could see.
Gold caught lower yields, a softer dollar, and unresolved geopolitical risk. Stocktwits traders stayed focused on SanDisk, SoundHound, AppLovin, IonQ, and Redwire, keeping the loudest speculation well outside the blue-chip winners.
Today’s Briefing: Powered by Stocktwits Community API.
-
After the Bell: SanDisk crushed quarterly estimates, but its outlook could not outrun expectations.
-
Stocks: SpaceX chose Nvidia, punished AMD, and put its enormous AI budget under scrutiny.
-
Morning Earnings: Shopify led three consumer winners while Uber’s outlook spoiled its bookings beat.
-
Macro News: Hormuz diplomacy pressured energy as lower yields and lingering risk sent gold higher.
-
What’s Trending Now on Stocktwits
AFTER THE BELL
What Beats Across the Board, but Still Falls? 💾
SanDisk, the flash-memory and data-storage maker, beat fiscal fourth-quarter expectations Wednesday as AI data centers drove demand and higher pricing boosted revenue. Shares still fell after hours because the next-quarter outlook failed to clear Wall Street’s elevated bar. For the best performer and highest momentum climber so far in 2026, this stock really had some heavy expections going into its end of fiscal year report.
The RIP: $SNDK ( ▼ 5.4% ) fell 5.1% after hours. Adjusted EPS reached $39.25 versus $34.45 expected, while revenue rose 51% sequentially to $8.97B versus $8.39B expected. Data-center revenue more than doubled sequentially to $2.98B.
Holders entered earnings with a 32.9% five-session gain, making a standard beat a tough sell. SanDisk now expects first-quarter revenue of $10.3B to $10.8B and adjusted EPS of $44 to $46. Watch whether data-center volume can sustain growth if pricing, which supplied two-thirds of the quarter’s sequential revenue increase, begins cooling.
Traders were also watching the massive 15% drop in $APP ( ▼ 0.45% ) and WILD 21% jump in $SOUN ( ▼ 1.23% ) following their respective after market reports.
The Community Read: The $SNDK room is 80% bullish after the drop, find the disputed forecast ->
STOCKS
SpaceX’s AI Bill Arrives As Moon Shot Crashes 🚀
SpaceX, the rocket and satellite-internet operator, reported second-quarter results Tuesday night, but its expanding AI bill and decision to use Nvidia chips exclusively sent shares sharply lower Wednesday. Nvidia gained after Musk used the first SpaceX call to say the firm will use Nvidia’s systems exclusively. If only Vera Rubin chips were not so expensive.
The RIP: $SPCX ( ▼ 13.61% ) fell 13.6%. Adjusted EPS was -$0.09 on $7.81B in revenue. Quarterly capital expenditures topped $18B, double the prior quarter, including $15.8B for AI versus $749M one year ago. $NVDA gained 3.4%. A SpaceX booster rocket lost 18 months ago is said to have hit the moon on Wednesday morning, in a poetic event of space littering.
The Community Read: The $SPCX stream is 59% bullish after the selloff, follow the capex fight ->
Good Wasn’t Good Enough 🧠
AMD reported record second-quarter results Tuesday night, but shares fell Wednesday as a crowded trade met rising expectations. Elon Musk added pressure by saying SpaceX would exclusively use Nvidia chips, reinforcing AMD’s second-place position in AI accelerators. 🤷
The RIP: $AMD ( ▼ 7.04% ) fell 7.0%. Adjusted EPS reached $1.66 versus $1.62 expected, while revenue rose 50% to $11.54B versus $11.31B expected. Data Center revenue climbed 107% to $6.7B.
The Community Read: The $AMD room is 87% bullish after the drop, see the Helios case ->
AM
Morning Earnings Pick Their Winners 🏆
Wednesday’s earnings split four consumer platforms into three winners and one warning. Shopify’s merchant platform, Disney’s entertainment empire, and Booking’s travel marketplace rallied, while Uber’s ride-hailing network fell after soft third-quarter forecasts overshadowed strong bookings.
The RIP: $SHOP ( ▲ 16.98% ) rose 17.0% as revenue increased 34% to $3.58B. $BKNG ( ▲ 6.56% ) gained 6.6% on $7.35B in revenue and 9% bookings growth. $DIS climbed 3.6% with $2.06 adjusted EPS. $UBER ( ▼ 5.29% ) fell 5.3% despite $58B in gross bookings.
Shopify delivered the cleanest report, beating the $3.45B revenue estimate and forecasting another quarter of above-consensus growth. Disney’s domestic parks helped Experiences operating income rise 20% to $3.02B, while the $1B box-office haul from “Toy Story 5” spread across streaming and merchandise. The booking number added confirmation that consumers are still saving travel budgets, with room nights growing 5%.
Uber was the exception because its outlook could not match its operating momentum. Second-quarter EPS met expectations at $0.81 and gross bookings beat estimates, but the third-quarter bookings midpoint landed at $59.25B and projected EPS of $0.84 to $0.88 trailed the $0.89 consensus.
The Community Read: The $SHOP room is bullish after the beat, see whether the rally has legs ->x
MACRO NEWS
Hormuz Deal Needs Ships 🚢
Iran and Oman agreed Wednesday on coordinates for a shipping route through the Strait of Hormuz and began finalizing a joint announcement. The proposed framework would give Tehran control over ships entering the Gulf, but Iran warned that the agreement alone would not guarantee security. Oman would offer a safe route to exit the gulf on the far side of Tehran.
The RIP: $XLE ( ▼ 2.07% ) fell 2.1%, while $USO ( ▼ 0.78% ) slipped 0.8% and has lost 11.1% across three sessions. Brent traded near $80. Reminder: roughly one-fifth of globally traded oil and natural gas historically passed through Hormuz.
The Community Read: The $USO room is bullish despite the drop, see why traders doubt the deal ->
Gold Gets Both Tailwinds 🥇
Two macro stories? WoW!
Gold surged Wednesday as falling Treasury yields and a softer dollar reduced the cost of holding bullion. Iran-Oman progress eased oil-driven inflation pressure, but the lack of guaranteed security through Hormuz preserved gold’s safe-haven appeal.
The RIP: $GLD ( ▲ 4.14% ) gained 4.1% to $389.64 on 2.1x normal volume. $SLV ( ▲ 4.14% ) rose 4.1%, while $GDX and $GDXJ climbed 7.4%. The 10-year Treasury yield slipped to 4.61% from 4.63%.
Gold holders received confirmation from metals, miners, bonds, and the dollar, making this broader than a one-chart breakout. Weekly jobless claims Thursday provide the next test for rate expectations. Watch whether $GLD holds its $384 opening area because a yield rebound could quickly challenge Wednesday’s momentum.
The Community Read: The $GLD room is bullish on the breakout, see what traders expect next ->
EDITORS PICK
Where retail traders find their next setup, delivered right to your inbox.
Where retail traders find their next setup.
Clean setups, key levels, and charts actually worth your screen time, curated from millions of Stocktwits traders. No noise, no guru upsell. In your inbox daily by 8PM ET.
POPS & DROPS
TRENDING NOW
$RDW +6.4% | Redwire
23.3K WATCHERS · BULLISH · HIGH ACTIVITY
Redwire climbed into earnings, then reported $117.1M in revenue, up nearly 90%, while reaffirming its $450M to $500M full-year forecast. The bullish stream sees backlog and defense contracts supporting the next leg, but execution must keep improving as the space-infrastructure specialist scales its larger portfolio.
$FLNC -35.2% | Fluence Energy
8.2K WATCHERS · BULLISH · NORMAL ACTIVITY
Fluence collapsed after missing quarterly expectations and cutting its fiscal-year outlook, even as backlog reached $6.4B and new orders totaled $1.44B. Bulls argue project timing masks demand, including $850M in data-center contracts, while frustrated holders see another execution failure from the grid-storage provider.
$FIG -11.5% | Figma
17.0K WATCHERS · BEARISH · LOW ACTIVITY
Figma reported $370.1M in quarterly revenue, but shares sank as investors looked past the growth and toward approaching lockup releases. The bearish stream is weighing AI-driven product adoption against valuation and added share supply, proving that strong numbers cannot always outdesign an overcrowded cap table.
SPONSORED
Wish your car insurance was pricier? Didn’t think so.
Find out if another carrier could offer you a better rate. Compare your offers all in one place and get your best rate on LendingTree.
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
ST EDITOR’S PICKS
Links That Don’t Suck 🌐
📈 Claude Mythos 5 Tried to Backdoor a Real Open-Source Project in Testing, Then Vouched for Itself
😨 Employers are hiring less but paying more
💰️ Google shakes up AI leadership as DeepMind chief shifts role
📺️ Trump admin refunds $100 billion in ‘liberation day’ tariffs
👀 Retail Investors Get Bolder on Buying Dips Even as Fear of Conflict Grows
WHAT’S ON DECK
Tomorrow’s Top Things 📋
Macro: Weekly jobless claims (8:30 AM ET), Productivity and labor costs (8:30 AM ET), Wholesale inventories (10:00 AM ET), St. Louis Fed President Alberto Musalem speaks (5:30 PM ET). 📊
Pre-Market Earnings: $OCGN Ocugen Inc, $NVAX Novavax, Inc., $CRON Cronos Group Inc, $QBTS D-Wave Quantum Inc, $PTON Peloton Interactive Inc – Ordinary Shares – Class A, +85 more. ☀️
After-Market Earnings: $MARA MARA Holdings Inc., $ROKU Roku Inc – Ordinary Shares – Class A, $DKNG DraftKings Inc. – Ordinary Shares – Class A, $GEVO Gevo Inc, $MVIS Microvision Inc., +130 more. 🌙
P.S. You can listen to all of these earnings calls on Stocktwits.
Get In Touch 📬
Want to see some change? Email me, Kevin Travers with feedback, and follow me on Stocktwits. Refer a friend for this quarter’s edition of The RIP Forecast 😎
Terms & Conditions 📝
Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The content is to be used for informational and entertainment purposes only and the service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which content is published on the service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍
Author Disclosure: The author of this newsletter does not hold positions in any of the securities or assets mentioned. 📋
