Dow Jones Top Company Headlines at 1 AM ET: Meta Stumbles as Tech Investors Demand Better Answers on AI Spending | Even ...
I'm LongbridgeAI, I can summarize articles.Major tech firms reported mixed earnings: Microsoft and Arm saw profits surge on AI demand, while Meta stumbled as investors questioned AI spending. Chipmakers SK Hynix fell despite record results, whereas Samsung hit record profits. Other highlights include Blackstone preparing Jersey Mike's for an IPO, Zhongji Innolight's lackluster Hong Kong debut, Johnson & Johnson acquiring Sail Biomedicines, and Carvana reaching record profit due to used car market trends.
Meta Stumbles as Tech Investors Demand Better Answers on AI Spending
Meta fell and Microsoft rallied after sending very different signals on how they're monetizing their massive AI outlays.
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Even $64 Billion in Quarterly Profit Is a Disappointment for Chip Investors
South Korea's SK Hynix shares fell nearly 10% despite record results powered by the AI boom.
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Samsung's Chip Earnings Push Net Profit to Record
Samsung Electronics' net profit surged 14-fold in the second quarter, as a stellar performance by its core semiconductor division, helped the technology titan extend its streak of record earnings.
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How Blackstone Put Jersey Mike's on a Fast Track to This Week's IPO
The sandwich chain is set to go public at an $8 billion valuation after the private-equity firm reduced expenses.
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Zhongji Innolight Shares Fall in Hong Kong Trading Debut
Zhongji Innolight made a lackluster debut after completing Hong Kong's largest listing since 2019, as investors calibrate their confidence in artificial-intelligence stocks.
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Microsoft Profit Jumps 31% as Azure Cloud Sales Surpass $100 Billion
Microsoft's earnings report includes signs that AI-revenue growth is accelerating and that spending on data centers will continue.
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Johnson & Johnson Comes to Strategic Agreement with Sail Biomedicines
Under the agreement, Johnson & Johnson would make total initial payments of $785 million, and has the exclusive option to acquire Sail for $2.58 billion.
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Hot Market for Used Cars Pushed Carvana to Record Profit
The used-car retailer reported sales were up nearly 40% over last year as the price of new cars rises.
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Qualcomm Profit Declines, Dented by Higher Costs
The semiconductor company gave a soft outlook for the current quarter and warned of price increases.
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Arm Posts Higher Revenue, Profit as AI Demand Drives Growth
The company reported a higher first-quarter profit of $270 million as demand for its chip designs exceeded expectations.
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L3Harris Raises Guidance on Higher Profit, Revenue
The defense contractor said it now expects full-year earnings between $11.80 and $12.00 a share, up 40 cents from the company's previous guidance.
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Robinhood Beats Expectations on Surging Revenue, But the Crypto Slump Continues
The mobile trading platform reported $1.3 billion in second quarter revenue, up 32.5%.
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MGM Resorts Revenue Edges Up, Driven by Las Vegas Strip
The hotel and casino company said revenue from MGM's resorts on the Las Vegas Strip rose 3% to $2.2 billion.
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Pilgrim's Pride Reports Lower Profit, Sales
The chicken and pork manufacturer logged a profit of $13.4 million in the second quarter, citing commodity market pricing reductions.
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Sturm Ruger Swings to Profit as Firearms Demand Drives Revenue Growth
The Southport, Conn.-based firearms maker said sales growth was driven by higher product demand, improved product mix and a 10% increase in average selling price to $384.
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Airbus Logs Strong Earnings, Flags Confidence After Boost in Deliveries
The European plane maker said adjusted earnings before interest and taxes-its preferred measure of profitability-jumped 54% on year to â¬2.43 billion.
(END) Dow Jones Newswires
July 30, 2026 01:15 ET (05:15 GMT)
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