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The Rundown

SpaceX Falls After First Earnings, AMD Drops Despite Data Center Growth

Yesterday · 11 min · 11.2 MB
0:00-11:33

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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.