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The S&P 500 gave back all its gains in pre-market trading.

2026-07-09

The S&P 500 gave back all its gains in pre-market trading.

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2026-07-09

After being added to the Nasdaq-100 on July 7, SpaceX shares plunged about 35% from their recent peak to below $147 the following day, nearly wiping out IPO gains. The company’s market cap is about $1.9 trillion while 2025 revenue is roughly $18.7 bi

After being added to the Nasdaq-100 on July 7, SpaceX shares plunged about 35% from their recent peak to below $147 the following day, nearly wiping out IPO gains. The company’s market cap is about $1.9 trillion while 2025 revenue is roughly $18.7 billion, implying a valuation near 100x 2025 sales. Starlink accounts for more than $11 billion of 2025 revenue, roughly 60% of the total, but SpaceX remains loss-making: a $4.9 billion loss in 2025 and a $4.3 billion loss in Q1 2026, alongside continued heavy capex for Starship and investments in xAI. Current prices already price in sustained Starlink growth, Starship progress and AI returns; any setback in those drivers would pose downside risk. Despite the pullback, the stock is still expensive and lacks a margin of safety given multibillion-dollar losses; the recommended approach is to wait for Starlink to demonstrate profits that exceed ongoing spending.
2026-07-09

GigaDevice: The company expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be around RMB 6.9 billion, representing a year-on-year increase of approximately 1099%.

GigaDevice: The company expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be around RMB 6.9 billion, representing a year-on-year increase of approximately 1099%.
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