Magnite Jumps 18%, AppLovin Crashes 20%, Trade Desk Slides 6% as Traders Separate Ad-Tech Winners From Losers
6 Articles
6 Articles
Magnite Jumps 18%, AppLovin Crashes 20%, Trade Desk Slides 6% as Traders Separate Ad-Tech Winners From Losers
Ad-tech stocks are splitting violently Thursday as earnings separate the sector's survivors from its casualties, and the fault lines forming right now could define the trade for the rest of the year.
Asian stock markets showed mixed performance on Thursday, with a notable drop of more than 4% in South Korea's Kospi index, driven by sell-offs in the technology sector and memory chip manufacturers such as SK Hynix. In the Wall Street futures market, the S&P 500 was up 0.1% and the Dow Jones was up 0.2%, while investors adopted a cautious stance ahead of the release of the official US nonfarm payrolls report for July. Exclusive content for subs…
Trade Desk shares decline 6% premarket ahead of Q2 results, with focus on guidance as key factor
NEW YORK, August 6, 2026, 14:05 EDT — U.S. markets open Shares were down 6.2% at $17.79 ahead of results set for release after markets close. (The Trade Desk) Consensus revenue is just $2 million higher than the management-set floor of $750 million. (The Trade Desk) AppLovin dropped 18.0%, whereas Magnite rose 15.9% following opposing…
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