Don't hold your breath for OpenAI's new model to run on your phone's Snapdragon chip
It's the first time an OpenAI reasoning model has been made available for on-device use.
This could mean faster, more private AI features on your phone, just not yet.
When you use an AI model like ChatGPT, it runs in the cloud rather than on your phone or laptop, but Qualcomm seems eager to change that. The company has announced that OpenAI's first open-source reasoning model, with the less-than-catchy name 'gpt-oss-20b,' is now capable of running directly on Snapdragon-powered devices.
In a press release, Qualcomm says this is the first time OpenAI has made one of its models available for on-device use. Previously, the company's most advanced models could only run on powerful cloud infrastructure, but with help from Qualcomm's AI Engine and AI Stack, this 20-billion-parameter model has been tested locally. However, that doesn't mean your phone is ready for it.
We believe that on-device AI capability will increase rapidly, opening the door to private, low-latency, personalized agentic experiences.
Qualcomm
Despite references to Snapdragon devices, this isn't aimed at smartphones just yet. The model is still pretty beefy and requires 24GB of RAM, with Qualcomm's integration work appearing targeted at developer-grade platforms, not the chip in your pocket. It's more about Snapdragon-powered PCs than a simple AI upgrade for your Android device.
Still, Qualcomm calls this a milestone moment, with potential benefits in areas like privacy, speed, and personalization. Because everything runs directly on the device, there's no need to send data elsewhere, and tasks like reasoning or assistant-style interactions can happen faster and offline.
While OpenAI is initially targeting developers, if it is scaled, it could impact how AI tools behave on your Snapdragon phone in the future. Think faster responses and no delays if your internet connection is playing up. It could also open the door for future apps that use local AI without sacrificing privacy.
Developers can now access the model through platforms like Hugging Face and Ollama, with Qualcomm saying more deployment info will appear soon on its AI Hub.
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Gen Zers are getting the worst kind of investing FOMO
Ed Elson, a 26-year-old research analyst and co-host of the Prof G Markets podcast, has heard plenty of stories about generations before him getting rich on stocks. His own co-host, New York University business school professor and entrepreneur Scott Galloway, who's 60, invested $800,000 in both Apple and Amazon back in 2009. Today, those investments total $40 million, a cornerstone of his $150 million net worth. Elson wants the same opportunity to invest in the tech companies defining his generation. He sees those chances in OpenAI and SpaceX, standout innovators that have soared to valuations of $300 billion or more. The problem? Both companies are private. OpenAI and SpaceX top a growing class of companies making it big without the public markets. Rather than expose themselves to public market scrutiny and quarterly earnings pressures, these companies are raising round after round of fresh funds from venture capital firms. Over the last 10 years, global startup funding has more than tripled, with VC investments projected to hit $400 billion this year, according to data from PitchBook. "The people who have access to the highest quality companies that are creating the most amount of value, i.e., OpenAI and SpaceX, are the people in VC who are already rich," Elson said. "That's a big problem for our generation." Seduced by fabulous success stories like Galloway's, and empowered by the proliferation of digital trading platforms plus the investing advice on platforms like TikTok, Zoomers have become a generation of investors. The average Gen Z investor starts trading at 19 years old, compared to baby boomers' typical kickoff at 35 years old. But there's also a gnawing sense that Gen Z missed out on the boom times. And they're not entirely wrong. The public markets now offer fewer stocks to choose from and higher price tags. Companies are waiting 14 years on average to go public, Jay Ritter, a professor of finance at the University of Florida's Warrington School of Business, has found. More private companies are valued in the tens and even hundreds of billions, a feat usually reserved for public companies. In 2025, an IPO is less a promise of what's to come for a company and more a signal that you've already missed out on its biggest gains. That shift has more investors setting their sights on secondary markets, where stock purchases of private companies are limited to traders accredited by the US Securities and Exchange Commission. And whereas the public markets are open to anyone with a brokerage account, just 13% of Americans qualify for that accreditation. "It almost feels like a private members-only club," says Vivian Tu, the 31-year-old personal finance educator behind 'Your Rich BFF.' "If you're already rich, you can invest in this stuff, and if you're not, sucks to suck. You're locked out of the club." Those rules aren't sitting well with Gen Z investors. Warren Buffett famously advised traders to invest in what they know. That's what Galloway did back in 2009 when he bought shares in Apple. The iPhone was still relatively new, but it was clear the technology was a game changer. He could get in relatively early and profit from the stock's exponential rise as Apple built on the momentum of its spectacular innovation. These days, some of the most exciting tech companies innovate without needing to IPO. Elson points to OpenAI's release of ChatGPT in 2022, which drew 1 million users in 5 days. "If we were living in the 1980s, there's a very, very high likelihood that OpenAI would've been public at that point," Elson says. Investors would have said: "Oh my God, this is an incredible tool. I want to buy some stock." But most investors were frozen out. In March, OpenAI was valued at $300 billion — a 900% spike in two years. The major beneficiaries included Microsoft, VC megafirm Sequoia Capital, and tech billionaire Peter Thiel. The critique that the public markets don't create enough value for mom and pop investors is virtually as old as public markets themselves. But the markets hit an inflection point in 2021 when a record 1,035 IPOs, raising a staggering $286 billion, were followed by an abrupt collapse. Investors, desperate for liquidity, began turning more to secondary markets to sell portions of their stakes. If companies can raise plenty of capital while keeping their investors happy, that has increasingly allowed them to put off their IPOs indefinitely. "It's pretty simple: Why go public if you have access to all the benefits while staying private?" says Deedy Das, a principal at Menlo Ventures. Das sums up the thinking of top-dollar startups this way: "I have all this administrative burden off my shoulders; I don't have to have that predictable revenue; I can take riskier bets; I don't have to explain to retail investors what my vision is. I can just run my business." With so much pent-up demand, it's been extraordinarily expensive for retail investors to get in when a hot company finally goes public. Take Figma, the design software maker, and its recent red-hot IPO. When it debuted in July, Figma's stock opened at $85 a share, more than double its $33-a-share IPO price. Since the overwhelming majority of IPO shares were allocated to institutional investors and not retail investors — which is typical for public listings — most retail investors paid a significant premium. At the end of the day, the frenzy had sent Figma's valuation soaring to more than 60 times its revenue in the biggest first-day jump for a multibillion-dollar tech company in decades. By the first week of August, however, Figma had shed billions of dollars in market value as the stock came back down to earth, leaving many of those same retail investors holding the bag. As of August 11, Figma's stock was valued less than its opening day price, meaning any retail investor who backed the company on its first day of trading has since lost money. Institutions that bought in at the IPO price, on the other hand, are holding stock that's still worth more than double what they paid for it. Of course, there are still plenty of public companies creating massive wealth for shareholders. Palantir's stock has surged over 1,800% since it began trading in 2020. Circle's shares have jumped 140% above their opening price in the crypto company's June IPO, though the stock has fluctuated wildly in that period. The public markets are still broadly considered the best place for companies to get returns to their employees and investors, since their liquid nature allows shareholders to cash out anytime. But the biggest stock gains will always be reserved for the savvy investor who spots a big opportunity early. And increasingly, these opportunities are not in the public markets. Lots of investors — including Zoomers like Elson — want in on the action happening on secondary markets. "Because of this dynamic where great companies have no incentive to go public, giving access to retail is heavily in our generation's financial interest," Elson said. While this might present bigger opportunities, it also carries significant risks. It's galling to retail investors that there's so much private company stock floating around — but they can't get to it. Getting your hands on private stocks generally means buying them from early investors that hold large chunks of equity or from early employees, who got stock as part of their compensation agreements. These so-called secondary sales generally must be approved by, if not facilitated by, the startup itself. And not a lot of companies, OpenAI included, are inclined to allow their employees or investors to sell shares on secondary platforms. In an attempt to democratize access to private company equity, platforms like EquityZen, Forge Global and Hiive, which broker secondary investments into pre-IPO companies, are picking up steam. UBS projects the secondary market will hit a record-breaking $180 billion this year, up from $156 billion in secondary transactions in 2024. EquityZen, which launched in 2013, says its user base has doubled in the past year; more than 770,000 individual investors and institutions are now registered on the marketplace. The company says it has brokered secondary sales for companies like Circle and Omada Health before their IPOs, as well as other startups that still haven't gone public, like Impossible Foods. The company wouldn't comment on whether it's facilitated any deals with OpenAI or SpaceX. These deals tend to be costlier than regular trading. Most secondary market platforms charge fees, often 5% of the sale, and require investors to put up anywhere from $5,000 to $100,000 or more to participate. The bigger catch is that not just anyone can access these platforms. On most major secondary platforms, investors must meet the SEC's stringent bar for accreditation: a net worth of over $1 million, excluding their primary residence, or a salary of at least $200,000 for the past two years and the expectation of earning that same income again. The SEC says the rule was set up to protect retail investors, who tend to underperform the broader market with their stock picks. These investors are generally advised to back index funds over individual stocks to minimize the chance of catastrophic losses. The private markets are even more risky since, without disclosure requirements, private deals can obscure key details about a startup's operations and pricing. But the requirement has been criticized by some as paternalistic, particularly amid surging activity on the private markets. After all, Americans can engage in plenty of high-risk activities with their money, from gambling to cryptocurrency investing to prediction market betting, with little to no regulation. "In a world in which anyone can invest in any meme coin they want, how reasonable is it that you're not allowed to invest in startups?" said Peter Walker, head of insights at Carta, a software platform that helps private companies manage their cap tables. In June, the US House of Representatives passed the Equal Opportunity for All Investors Act, which would allow investors who passed a financial literacy test to qualify for accreditation, paving the way for them to make private market bets. The Senate isn't yet scheduled to review the bill, however, and President Donald Trump has not said if he would support it. In a burgeoning market with minimal oversight, the stakes are high. Linqto, once a prominent marketplace for pre-IPO shares, declared bankruptcy in July. The SEC is currently investigating claims that the platform sold securities to non-accredited investors and charged its users excessive margins. The company told BI it had also discovered "serious defects" in the business "that raise questions about what customers actually own." It's unclear whether the thousands of investors who locked their cash away in Linqto will ever see that money again. Linqto said it's working with an unsecured creditors committee in its bankruptcy proceedings to develop a plan to reorganize the company and "maximize value for customers." As for getting a piece of OpenAI or SpaceX, a few financial firms are creating workarounds. In one example, exchange-traded funds like the ERShares Private-Public Crossover ETF can buy stakes in top private companies, and retail traders can buy those ETFs on the public markets. In December, the fund announced that SpaceX had become its top holding. But without regular public disclosures of SpaceX's finances, investors can only guess at the company's real-time value. In Europe, where SEC regulations don't apply, the stock trading app Robinhood has sold blockchain "tokens" of OpenAI and SpaceX stock. The tokens attempt to mirror the price of stocks without actually giving retail traders any stake in the company. Last month, OpenAI posted a statement on X saying the company had not partnered with Robinhood and that the tokens "are not OpenAI equity." Robinhood CEO Vlad Tenev explained the app's approach in an interview with Bloomberg last month. "One of the biggest opportunities and also a big tragedy is that private markets are where the bulk of the interesting appreciation and exposure is nowadays," he said. "It's a shame that it's so difficult to get exposure in the US. We're obviously working to solve that." Matt Kennedy, a senior strategist at the IPO-focused firm Renaissance Capital, says it's perfectly understandable that the market's slowdown may be frustrating to new investors. Back in 2021, new subscribers to the firm's newsletter asked one question more than any other: How can I invest in pre-IPO companies? "There's this sense that, at the IPO, it's already too late. They want to get in on the ground floor," Kennedy said. 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Even if she never does, she thinks those bets were valuable opportunities for her early investment learnings. "Can I burn the money for the sake of learning something rather than anticipating any specific return?" she said. "For early investors like myself, I think that's a really healthy way to go about it." It's the Gen Z way. Rather than follow well-trodden paths of previous generations, Gen Z investors are determined to pounce on opportunities where they find them and seize their financial destinies. "There's this desire for control and autonomy, the 'American dynamism' mindset: make your own way, versus depending on the system," Richert said. Throw in prediction markets, fractional real estate, and collectibles from sports cards to sneakers, and it's clear that Gen Z isn't just investing differently — they're redefining what "investing" even means. "Young people are smart," Galloway said in conversation with Elson on a recent episode of their podcast. "They said, you know what, fuck this. I can't buy a home. Stocks are crazy expensive. So what am I going to do? I'm going to create my own asset classes. And I'm going to create my own volatility." Rebecca Torrence is a correspondent at Business Insider covering startups and venture capital. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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AI startup Perplexity makes bold $34.5 billion bid for Google's Chrome browser
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Earnings live: Circle pops on higher revenue in first earnings report, On stock surges
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Trading platform eToro beats profit estimates (Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs. Shares of eToro rose in premarket trading after results. Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks. Read more here. On stock jumps on sales beat, CEO weighs in on tariffs Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance. Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15. 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The largest pork producer in the US cited challenges stemming from tariffs imposed by President Trump on some of the biggest importers of the meat. Bloomberg News reports: Read more here. Tencent Music beats quarterly revenue estimates Reuters reports: Tencent Music Entertainment (TME) surpassed second-quarter revenue expectations on Tuesday, driven by stronger subscriber growth and rising engagement with long-form audio content such as podcasts and audiobooks. The company's New York stock rose 3% before the bell on Tuesday. Read more here. Oklo stock has rallied 230% this year, but it's slipping on Q2 results Shares of nuclear energy company Oklo (OKLO) fell after the closing bell on Monday as second quarter results failed to meet Wall Street's lofty expectations. The advanced fission company reported a net loss of $34.5 million in Q2, or $0.18 per share, compared to a loss of $0.27 per share during the same period last year. All the same, Wall Street analysts were hoping for an $0.11 per share loss. Oklo stock went into earnings as an outperformer. Year to date, shares are up 238%, compared to an 8% rise in the S&P 500 (^GSPC), as several tailwinds have fueled the stock's rise. These include President Trump's executive orders supportive of the nuclear industry, a wave of demand for artificial intelligence and data centers, and several deals Oklo inked during the year. stock sells off as losses accelerate (BBAI) stock tumbled 20% after the company reported a wide earnings and revenue miss and lowered its revenue guidance. Here's what the AI software firm reported compared to estimates, according to S&P Global Market Intelligence: BigBear, which provides software to the US government, noted that Department of Government Efficiency (DOGE) cuts weighed on the business. 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The company posted $174 million in revenue, a 21% increase year over year, above estimates for $157 million, and on the high end of its previous forecast for between $140 million and $180 million in Q2 revenue. The company's gross margin remained negative at -31%, though it marked an improvement from the -92% margin in the same quarter a year ago. Plug Power said it expects to achieve breakeven in its gross margin run rate in Q4 2025. Plug also held $140 million in unrestricted cash and cash equivalents at the end of the quarter. The stock fell more than 5% in after-hours trading. Year to date, the stock is down 25%, though investors grew more bullish on the stock in July following the passage of the One Big Beautiful Bill Act, which Plug Power called "a major policy win." The tax and spending law extended the hydrogen production tax credit, providing a 30% credit on fuel cell purchases and more certainty to the industry. 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The company also reported a narrower-than-expected loss per share of $0.01, compared to estimates of a loss of $0.06 per share. Reuters reports: Read more here. stock tanks following earnings (MNDY) stock fell as much as 20% after the project management software company missed earnings estimates. In the second quarter, reported earnings of $0.03 per share and revenue of $299 million. While revenue beat analyst expectations of $293 million, GAAP profits fell short, as Wall Street was looking for $0.20 per share, per S&P Global Market Intelligence. Investors have been looking for signs that economic uncertainty is pushing companies to pull back their spending on technology and software. The Israeli-based company's operating loss fell to $11.6 million from $1.8 million a year ago, and the operating margin fell to negative 4% from 1% last year. kept its full-year forecast roughly the same. It expects total revenue to grow about 26% to a range of $1.224 billion to $1.229 billion in 2025. 'This quarter demonstrated our relentless focus on driving highly efficient growth at scale, and I'm energized by the momentum in our business and the opportunities we see ahead,' CFO Eliran Glazer said in the earnings release. 'As we navigate the shifting landscape, we remain focused on the factors we can control — executing on our innovation roadmap, bolstering our go-to-market efforts to serve customers of all sizes, driving best-in-class operational efficiencies, and delivering products people love.' Earnings have been mostly solid According to FactSet's tally, 90% of S&P 500 companies have reported second quarter earnings so far, meaning the end of earnings season is in sight (though certainly not complete until Nvidia's (NVDA) report on Aug. 27). It's been a good earnings season: More than 8 in 10 companies have reported both a positive earnings per share surprise and a positive revenue surprise. Some other key updates from FactSet's senior earnings analyst John Butters: Read more here. Wendy's gloomy 2025 outlook sends shares lower Wendy's beat Wall Street's estimates on the top and bottom lines on Friday; however, the company issued a weaker full-year financial outlook, sending shares about 1% lower in premarket trading. This year, the company sees adjusted earnings per share in a range of $0.82 to $0.89, lower than its previous forecast of $0.92 to $0.98. Global systemwide sales are also now projected to come in lower than previously expected for a decline of 3% to 5%, compared to the previous outlook of flat sales to a 2% decline. In the second quarter, sales decreased 1.8% to $3.7 billion, led by a 3.3% decline in the US market. The fast food chain reported revenue of $560.9 million, topping estimates of $558 million. Earnings per share were $0.29, also a beat against estimates of $0.25 per share. On Wednesday, McDonald's (MCD) reported a return to sales growth after economic uncertainty and inflation weighed on consumers and eroded the restaurant chain's value perception. Listen to the earnings call live here. Trade Desk tumbles after CEO warns of tariff impact on large brand advertisers Trade Desk (TTD) stock fell by a third during premarket trading on Friday — putting it on track to wipe roughly $12 billion from its market cap — after CEO Jeff Green warned that tariff uncertainty began to weigh on some leading global advertisers. Reuters reports: The Trade Desk's second quarter earnings of $0.18 per share were in line with analyst estimates. Revenue of $694 million beat analyst estimates of $686 million, according to S&P Global Market Intelligence. The company expects third quarter revenue of at least $717 million, roughly in line with estimates. Read more here. SoundHound stock soars on record revenue fueled by AI, automation demand SoundHound AI (SOUN) reported record revenue in its second quarter results, as its expansion into new verticals, such as restaurants and hospitals, helped fuel 217% year-over-year revenue growth. The stock rocketed 24% higher in premarket trading on Friday. SoundHound develops artificial intelligence solutions that businesses use for automation and to create conversational experiences for their customers. In Q2, SoundHound reported strong growth in its automation, automotive, and enterprise AI for customer service verticals. The company posted a GAAP loss of $0.19 per share on $42.7 million in revenue. Last year, SoundHound reported a loss of $0.11 per share and revenue of $13 million. SoundHound also raised its 2025 revenue outlook to $160 million to $178 million, up from its previous forecast of $157 million to $177 million. "The investments we are making are already showing high returns," SoundHound CFO Nitesh Sharan said on the company's earnings call. Sharan noted that the company sees a path to profitability "in the near-term horizon. Listen to the earnings call here. Under Armour forecasts downbeat quarterly sales, shares drop Under Armour (UA) stock slumped by 12% before the bell on Friday after the sportswear maker forecast second-quarter revenue below Wall Street estimates. The company is grappling with muted demand in North America due to still-high inflation and tariff uncertainty. Reuters reports: Read more here. Expedia raises gross bookings, revenue growth forecast amid US travel demand recovery Expedia Group (EXPE) stock leaped 15% higher in after-hours trading as Wall Street looked favorably on signs of a travel demand recovery, a raised gross bookings forecast, and double-digit profit growth. Reuters reports: Read more here. Live Nation results show fans still spending on concerts, live events Live Nation Entertainment (LYV) stock rose modestly after hours following second quarter results from the discretionary spending economic bellwether. The release showed that fans are still willing to spend on concerts and live events. Reuters reports: Read more here. offers robotaxi production update as revenue surges Chinese robotaxi operator (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production. The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here). The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter. "Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target," CEO James Peng said in a statement. The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago. Chinese robotaxi operator (PONY) reported revenue grew 76% year over year in the second quarter as the business scaled its autonomous vehicle production. The stock was up more than 1% in premarket trading but pared gains during the earnings call (you can listen to it live here). The Toyota-backed (TM) company began mass production of its two robotaxi models in June and July, respectively. Robotaxi revenue also surged over 300% to $1.5 million in the quarter. "Since mass production started two months ago, over 200 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target," CEO James Peng said in a statement. The company is still on its journey to profitability. For the quarter, it posted a net loss of $53.3 million (loss of $0.14 per share), compared to a loss of $30.9 million in the same period a year ago. Trading platform eToro beats profit estimates (Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs. Shares of eToro rose in premarket trading after results. Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks. Read more here. (Reuters) - Stock and crypto trading platform eToro beat Wall Street views for profit in the second quarter on Tuesday, as retail investors maintained a firm risk appetite despite broader macroeconomic uncertainty due to new tariffs. Shares of eToro rose in premarket trading after results. Retail trading activity has been strong this year, buoyed by gains in U.S. equity markets and renewed interest in high-risk assets such as cryptocurrencies and tech stocks. Read more here. On stock jumps on sales beat, CEO weighs in on tariffs Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance. Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15. In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously. "On has a very strong momentum across the world," CEO Martin Hoffmann told Yahoo Finance, "This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter." Investors were pleased with On's ability to mitigate the tariffs successfully on its key sourcing region, Vietnam. "Our industry has always been exposed to tariffs in the US," Hoffmann said. "This is nothing new for us. ... We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia." Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation. He added, "We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. ... The same is for price increases. We don't need additional price increases this year to mitigate the impact." Footwear company On Holding (ONON) stock gained 7% in early trading after beating second quarter sales estimates and raising its full-year sales guidance. Net sales increased by 38.2% year over year on a constant currency basis, with revenue coming in at 749 million Swiss francs. The company reported a diluted loss per share of CHF 0.12, a loss of around $0.15. In 2025, net sales are expected to be up at least 31% year over year on a constant currency basis. Previously, the company guided for sales to be up at least 28%. On also expanded its adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5% previously. "On has a very strong momentum across the world," CEO Martin Hoffmann told Yahoo Finance, "This is most visible in our growth of our DTC channel, which has seen 55% growth in the quarter." Investors were pleased with On's ability to mitigate the tariffs successfully on its key sourcing region, Vietnam. "Our industry has always been exposed to tariffs in the US," Hoffmann said. "This is nothing new for us. ... We have been paying around 20% of most of our imports, and now this number goes up to 40% for importations from Vietnam and 39% for Indonesia." Hoffmann said the company benefits from being a premium player, as consumers are willing to pay up for innovation. He added, "We are a premium brand and we want to be the most premium global sportswear brand. We keep on investing in quality, in our innovation, in our customer experiences, in sustainability, in social impact. ... The same is for price increases. We don't need additional price increases this year to mitigate the impact." Circle revenue jumps in first results since blockbuster IPO (Reuters) - Circle (CRCL) posted higher revenue and reserve income on Tuesday in its maiden quarterly results since going public in June, driven by increased circulation of its USDC stablecoin and stronger subscription services. Shares rose more than 7% in premarket trading, solidifying the rally that has pushed the company's stock to more than five times its initial public offering price. Read more here. (Reuters) - Circle (CRCL) posted higher revenue and reserve income on Tuesday in its maiden quarterly results since going public in June, driven by increased circulation of its USDC stablecoin and stronger subscription services. Shares rose more than 7% in premarket trading, solidifying the rally that has pushed the company's stock to more than five times its initial public offering price. Read more here. Smithfield Foods lifts profit outlook after strong sales Smithfield Foods Inc. (SFD), stock fell 2% before the bell despite raising its profit expectations following a strong second-quarter. The largest pork producer in the US cited challenges stemming from tariffs imposed by President Trump on some of the biggest importers of the meat. Bloomberg News reports: Read more here. Smithfield Foods Inc. (SFD), stock fell 2% before the bell despite raising its profit expectations following a strong second-quarter. The largest pork producer in the US cited challenges stemming from tariffs imposed by President Trump on some of the biggest importers of the meat. Bloomberg News reports: Read more here. Tencent Music beats quarterly revenue estimates Reuters reports: Tencent Music Entertainment (TME) surpassed second-quarter revenue expectations on Tuesday, driven by stronger subscriber growth and rising engagement with long-form audio content such as podcasts and audiobooks. The company's New York stock rose 3% before the bell on Tuesday. Read more here. Reuters reports: Tencent Music Entertainment (TME) surpassed second-quarter revenue expectations on Tuesday, driven by stronger subscriber growth and rising engagement with long-form audio content such as podcasts and audiobooks. The company's New York stock rose 3% before the bell on Tuesday. Read more here. Oklo stock has rallied 230% this year, but it's slipping on Q2 results Shares of nuclear energy company Oklo (OKLO) fell after the closing bell on Monday as second quarter results failed to meet Wall Street's lofty expectations. The advanced fission company reported a net loss of $34.5 million in Q2, or $0.18 per share, compared to a loss of $0.27 per share during the same period last year. All the same, Wall Street analysts were hoping for an $0.11 per share loss. Oklo stock went into earnings as an outperformer. Year to date, shares are up 238%, compared to an 8% rise in the S&P 500 (^GSPC), as several tailwinds have fueled the stock's rise. These include President Trump's executive orders supportive of the nuclear industry, a wave of demand for artificial intelligence and data centers, and several deals Oklo inked during the year. Shares of nuclear energy company Oklo (OKLO) fell after the closing bell on Monday as second quarter results failed to meet Wall Street's lofty expectations. The advanced fission company reported a net loss of $34.5 million in Q2, or $0.18 per share, compared to a loss of $0.27 per share during the same period last year. All the same, Wall Street analysts were hoping for an $0.11 per share loss. Oklo stock went into earnings as an outperformer. Year to date, shares are up 238%, compared to an 8% rise in the S&P 500 (^GSPC), as several tailwinds have fueled the stock's rise. These include President Trump's executive orders supportive of the nuclear industry, a wave of demand for artificial intelligence and data centers, and several deals Oklo inked during the year. stock sells off as losses accelerate (BBAI) stock tumbled 20% after the company reported a wide earnings and revenue miss and lowered its revenue guidance. Here's what the AI software firm reported compared to estimates, according to S&P Global Market Intelligence: BigBear, which provides software to the US government, noted that Department of Government Efficiency (DOGE) cuts weighed on the business. 'While we are very optimistic with ... growth opportunities, we have also seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army, as they seek to consolidate and modernize their data architecture and in turn, we have adjusted our full-year guidance this quarter to reflect these disruptions,' CEO Kevin McAleenan said in the earnings release. Listen to earnings call live on the stock page. (BBAI) stock tumbled 20% after the company reported a wide earnings and revenue miss and lowered its revenue guidance. Here's what the AI software firm reported compared to estimates, according to S&P Global Market Intelligence: BigBear, which provides software to the US government, noted that Department of Government Efficiency (DOGE) cuts weighed on the business. 'While we are very optimistic with ... growth opportunities, we have also seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army, as they seek to consolidate and modernize their data architecture and in turn, we have adjusted our full-year guidance this quarter to reflect these disruptions,' CEO Kevin McAleenan said in the earnings release. Listen to earnings call live on the stock page. Plug Power stock falls on earnings miss Primary hydrogen player Plug Power (PLUG) continues to grow its top line, but a larger-than-expected loss disappointed in the second quarter. Plug Power reported a $0.20 loss per share, a wider loss than the $0.15 per share Wall Street expected, according to S&P Global Market Intelligence. The company posted $174 million in revenue, a 21% increase year over year, above estimates for $157 million, and on the high end of its previous forecast for between $140 million and $180 million in Q2 revenue. The company's gross margin remained negative at -31%, though it marked an improvement from the -92% margin in the same quarter a year ago. Plug Power said it expects to achieve breakeven in its gross margin run rate in Q4 2025. Plug also held $140 million in unrestricted cash and cash equivalents at the end of the quarter. The stock fell more than 5% in after-hours trading. Year to date, the stock is down 25%, though investors grew more bullish on the stock in July following the passage of the One Big Beautiful Bill Act, which Plug Power called "a major policy win." The tax and spending law extended the hydrogen production tax credit, providing a 30% credit on fuel cell purchases and more certainty to the industry. Listen to the earnings call live here. Primary hydrogen player Plug Power (PLUG) continues to grow its top line, but a larger-than-expected loss disappointed in the second quarter. Plug Power reported a $0.20 loss per share, a wider loss than the $0.15 per share Wall Street expected, according to S&P Global Market Intelligence. The company posted $174 million in revenue, a 21% increase year over year, above estimates for $157 million, and on the high end of its previous forecast for between $140 million and $180 million in Q2 revenue. The company's gross margin remained negative at -31%, though it marked an improvement from the -92% margin in the same quarter a year ago. Plug Power said it expects to achieve breakeven in its gross margin run rate in Q4 2025. Plug also held $140 million in unrestricted cash and cash equivalents at the end of the quarter. The stock fell more than 5% in after-hours trading. Year to date, the stock is down 25%, though investors grew more bullish on the stock in July following the passage of the One Big Beautiful Bill Act, which Plug Power called "a major policy win." The tax and spending law extended the hydrogen production tax credit, providing a 30% credit on fuel cell purchases and more certainty to the industry. Listen to the earnings call live here. stock falls 24% on sales miss, CEO health struggles Inc. (AI) stock tumbled as much as 30% after the software company reported a steep sales miss that it attributed to its founder's health issues. Bloomberg reports: Read more here. Inc. (AI) stock tumbled as much as 30% after the software company reported a steep sales miss that it attributed to its founder's health issues. Bloomberg reports: Read more here. Micron raises forecast, stock pops Micron Technology (MU) stock rose around 4% in early trading on Monday after the semiconductor company raised its forecast for fourth-quarter revenue and adjusted profit, citing surging demand for its memory chips used in artificial intelligence infrastructure. Micron is expected to reported fiscal fourth quarter earnings on Sept. 24. Read more here. Micron Technology (MU) stock rose around 4% in early trading on Monday after the semiconductor company raised its forecast for fourth-quarter revenue and adjusted profit, citing surging demand for its memory chips used in artificial intelligence infrastructure. Micron is expected to reported fiscal fourth quarter earnings on Sept. 24. Read more here. AMC tops revenue estimates as blockbuster titles boost theater attendance AMC (AMC) stock jumped 8.8% in premarket trading after the movie theater chain reported attendance in the second quarter grew nearly 26% as blockbusters drew in moviegoers. The company also reported a narrower-than-expected loss per share of $0.01, compared to estimates of a loss of $0.06 per share. Reuters reports: Read more here. AMC (AMC) stock jumped 8.8% in premarket trading after the movie theater chain reported attendance in the second quarter grew nearly 26% as blockbusters drew in moviegoers. The company also reported a narrower-than-expected loss per share of $0.01, compared to estimates of a loss of $0.06 per share. Reuters reports: Read more here. stock tanks following earnings (MNDY) stock fell as much as 20% after the project management software company missed earnings estimates. In the second quarter, reported earnings of $0.03 per share and revenue of $299 million. While revenue beat analyst expectations of $293 million, GAAP profits fell short, as Wall Street was looking for $0.20 per share, per S&P Global Market Intelligence. Investors have been looking for signs that economic uncertainty is pushing companies to pull back their spending on technology and software. The Israeli-based company's operating loss fell to $11.6 million from $1.8 million a year ago, and the operating margin fell to negative 4% from 1% last year. kept its full-year forecast roughly the same. It expects total revenue to grow about 26% to a range of $1.224 billion to $1.229 billion in 2025. 'This quarter demonstrated our relentless focus on driving highly efficient growth at scale, and I'm energized by the momentum in our business and the opportunities we see ahead,' CFO Eliran Glazer said in the earnings release. 'As we navigate the shifting landscape, we remain focused on the factors we can control — executing on our innovation roadmap, bolstering our go-to-market efforts to serve customers of all sizes, driving best-in-class operational efficiencies, and delivering products people love.' (MNDY) stock fell as much as 20% after the project management software company missed earnings estimates. In the second quarter, reported earnings of $0.03 per share and revenue of $299 million. While revenue beat analyst expectations of $293 million, GAAP profits fell short, as Wall Street was looking for $0.20 per share, per S&P Global Market Intelligence. Investors have been looking for signs that economic uncertainty is pushing companies to pull back their spending on technology and software. The Israeli-based company's operating loss fell to $11.6 million from $1.8 million a year ago, and the operating margin fell to negative 4% from 1% last year. kept its full-year forecast roughly the same. It expects total revenue to grow about 26% to a range of $1.224 billion to $1.229 billion in 2025. 'This quarter demonstrated our relentless focus on driving highly efficient growth at scale, and I'm energized by the momentum in our business and the opportunities we see ahead,' CFO Eliran Glazer said in the earnings release. 'As we navigate the shifting landscape, we remain focused on the factors we can control — executing on our innovation roadmap, bolstering our go-to-market efforts to serve customers of all sizes, driving best-in-class operational efficiencies, and delivering products people love.' Earnings have been mostly solid According to FactSet's tally, 90% of S&P 500 companies have reported second quarter earnings so far, meaning the end of earnings season is in sight (though certainly not complete until Nvidia's (NVDA) report on Aug. 27). It's been a good earnings season: More than 8 in 10 companies have reported both a positive earnings per share surprise and a positive revenue surprise. Some other key updates from FactSet's senior earnings analyst John Butters: Read more here. According to FactSet's tally, 90% of S&P 500 companies have reported second quarter earnings so far, meaning the end of earnings season is in sight (though certainly not complete until Nvidia's (NVDA) report on Aug. 27). It's been a good earnings season: More than 8 in 10 companies have reported both a positive earnings per share surprise and a positive revenue surprise. Some other key updates from FactSet's senior earnings analyst John Butters: Read more here. Wendy's gloomy 2025 outlook sends shares lower Wendy's beat Wall Street's estimates on the top and bottom lines on Friday; however, the company issued a weaker full-year financial outlook, sending shares about 1% lower in premarket trading. This year, the company sees adjusted earnings per share in a range of $0.82 to $0.89, lower than its previous forecast of $0.92 to $0.98. Global systemwide sales are also now projected to come in lower than previously expected for a decline of 3% to 5%, compared to the previous outlook of flat sales to a 2% decline. In the second quarter, sales decreased 1.8% to $3.7 billion, led by a 3.3% decline in the US market. The fast food chain reported revenue of $560.9 million, topping estimates of $558 million. Earnings per share were $0.29, also a beat against estimates of $0.25 per share. On Wednesday, McDonald's (MCD) reported a return to sales growth after economic uncertainty and inflation weighed on consumers and eroded the restaurant chain's value perception. Listen to the earnings call live here. Wendy's beat Wall Street's estimates on the top and bottom lines on Friday; however, the company issued a weaker full-year financial outlook, sending shares about 1% lower in premarket trading. This year, the company sees adjusted earnings per share in a range of $0.82 to $0.89, lower than its previous forecast of $0.92 to $0.98. Global systemwide sales are also now projected to come in lower than previously expected for a decline of 3% to 5%, compared to the previous outlook of flat sales to a 2% decline. In the second quarter, sales decreased 1.8% to $3.7 billion, led by a 3.3% decline in the US market. The fast food chain reported revenue of $560.9 million, topping estimates of $558 million. Earnings per share were $0.29, also a beat against estimates of $0.25 per share. On Wednesday, McDonald's (MCD) reported a return to sales growth after economic uncertainty and inflation weighed on consumers and eroded the restaurant chain's value perception. Listen to the earnings call live here. Trade Desk tumbles after CEO warns of tariff impact on large brand advertisers Trade Desk (TTD) stock fell by a third during premarket trading on Friday — putting it on track to wipe roughly $12 billion from its market cap — after CEO Jeff Green warned that tariff uncertainty began to weigh on some leading global advertisers. Reuters reports: The Trade Desk's second quarter earnings of $0.18 per share were in line with analyst estimates. Revenue of $694 million beat analyst estimates of $686 million, according to S&P Global Market Intelligence. The company expects third quarter revenue of at least $717 million, roughly in line with estimates. Read more here. Trade Desk (TTD) stock fell by a third during premarket trading on Friday — putting it on track to wipe roughly $12 billion from its market cap — after CEO Jeff Green warned that tariff uncertainty began to weigh on some leading global advertisers. Reuters reports: The Trade Desk's second quarter earnings of $0.18 per share were in line with analyst estimates. Revenue of $694 million beat analyst estimates of $686 million, according to S&P Global Market Intelligence. The company expects third quarter revenue of at least $717 million, roughly in line with estimates. Read more here. SoundHound stock soars on record revenue fueled by AI, automation demand SoundHound AI (SOUN) reported record revenue in its second quarter results, as its expansion into new verticals, such as restaurants and hospitals, helped fuel 217% year-over-year revenue growth. The stock rocketed 24% higher in premarket trading on Friday. SoundHound develops artificial intelligence solutions that businesses use for automation and to create conversational experiences for their customers. In Q2, SoundHound reported strong growth in its automation, automotive, and enterprise AI for customer service verticals. The company posted a GAAP loss of $0.19 per share on $42.7 million in revenue. Last year, SoundHound reported a loss of $0.11 per share and revenue of $13 million. SoundHound also raised its 2025 revenue outlook to $160 million to $178 million, up from its previous forecast of $157 million to $177 million. "The investments we are making are already showing high returns," SoundHound CFO Nitesh Sharan said on the company's earnings call. Sharan noted that the company sees a path to profitability "in the near-term horizon. Listen to the earnings call here. SoundHound AI (SOUN) reported record revenue in its second quarter results, as its expansion into new verticals, such as restaurants and hospitals, helped fuel 217% year-over-year revenue growth. The stock rocketed 24% higher in premarket trading on Friday. SoundHound develops artificial intelligence solutions that businesses use for automation and to create conversational experiences for their customers. In Q2, SoundHound reported strong growth in its automation, automotive, and enterprise AI for customer service verticals. The company posted a GAAP loss of $0.19 per share on $42.7 million in revenue. Last year, SoundHound reported a loss of $0.11 per share and revenue of $13 million. SoundHound also raised its 2025 revenue outlook to $160 million to $178 million, up from its previous forecast of $157 million to $177 million. "The investments we are making are already showing high returns," SoundHound CFO Nitesh Sharan said on the company's earnings call. Sharan noted that the company sees a path to profitability "in the near-term horizon. Listen to the earnings call here. Under Armour forecasts downbeat quarterly sales, shares drop Under Armour (UA) stock slumped by 12% before the bell on Friday after the sportswear maker forecast second-quarter revenue below Wall Street estimates. The company is grappling with muted demand in North America due to still-high inflation and tariff uncertainty. Reuters reports: Read more here. Under Armour (UA) stock slumped by 12% before the bell on Friday after the sportswear maker forecast second-quarter revenue below Wall Street estimates. The company is grappling with muted demand in North America due to still-high inflation and tariff uncertainty. Reuters reports: Read more here. Expedia raises gross bookings, revenue growth forecast amid US travel demand recovery Expedia Group (EXPE) stock leaped 15% higher in after-hours trading as Wall Street looked favorably on signs of a travel demand recovery, a raised gross bookings forecast, and double-digit profit growth. Reuters reports: Read more here. Expedia Group (EXPE) stock leaped 15% higher in after-hours trading as Wall Street looked favorably on signs of a travel demand recovery, a raised gross bookings forecast, and double-digit profit growth. Reuters reports: Read more here. Live Nation results show fans still spending on concerts, live events Live Nation Entertainment (LYV) stock rose modestly after hours following second quarter results from the discretionary spending economic bellwether. The release showed that fans are still willing to spend on concerts and live events. Reuters reports: Read more here. Live Nation Entertainment (LYV) stock rose modestly after hours following second quarter results from the discretionary spending economic bellwether. The release showed that fans are still willing to spend on concerts and live events. Reuters reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
