Stock Movers: SpaceX, Super Micro, Netflix
- On Wednesday, Oct. 21, 2026, technology stocks diverged as SpaceX and Super Micro Computer reported strong third-quarter results, rallying their shares, while Netflix stock fell about 6% following weaker guidance, weighing on communication-services names.
- Resilient demand for AI infrastructure drove SpaceX's 161% year-over-year revenue growth, though analysts warn markets are increasingly distinguishing between profitable industry leaders and debt-dependent neocloud providers relying on external financing.
- Musk said a merger with Tesla would be "a good idea," noting that special committees are exploring a deal to accelerate deployment of power and cooling infrastructure for super intelligence.
- Fragile price action has prompted Barclays analysts to shift toward neutral positioning on risk assets, as investors scrutinize whether AI-driven momentum can remain sustainable through year-end.
- Earnings from Meta, Alphabet, Microsoft, and Amazon serve as a critical test for whether the AI-driven rally sustains itself, with 85% of S&P 500 companies having beaten expectations so far.
246 Articles
246 Articles
Last week, US banks kicked off the third-quarter earnings season. This week, it is the turn of the Big Tech companies. Although several technology giants performed better than expected, the stock market reacted negatively. HLN money expert Chris Sugira explains what investors need to know following the figures from Tesla, Netflix, SpaceX, and Meta: “Not every punished technology stock is a bargain.”
Nasdaq leads Wall Street gains
The tech-heavy Nasdaq led Wall Street to a higher close on Wednesday after quarterly results from SpaceX and Super Micro Computer improved investor appetite for artificial intelligence-related stocks while weakness in communication services stocks capped gains.
SpaceX's Profit Report Lifts AI Stocks, Tesla
US stocks slimbed on Wednesday following strong profit reports from SpaceX, Capital One Financial, and other big companies. The S&P 500 pink 44.60 points, gold 0.6%, to 7,757.17. The Dow Jones Industrial Average pink 360.21 points, gold 0.7%, to 52,856,09. The Nasdaq...
Wall Street closed in green thanks to the solid results of several firms, highlighting the momentum of SpaceX, which raised optimism in AI. Nasdaq led the winnings, while SpaceX and Super Micro Computer surprised with figures that reflect a growing demand on technology platforms.
A SpaceX-Tesla megamerger could benefit both companies and Elon Musk&#
NEW YORK (AP) — The history of corporate mergers is littered with failure but investors in Tesla and SpaceX seem to believe Elon Musk can pull off the biggest tie-up of all time. Stocks of both companies
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