Your Daily Scope and News of What Matters
PayPal stock closed $53.66 Friday, down 12.7%, after Bloomberg reported Stripe and Advent walked away from a $60.50 bid. No joint statement. Lores’ three-unit turnaround is now the whole story.
Intuit stock trades near $362 after a 7.5% five-day climb into Aug. 25 Q4 results. Street wants ~$3.59 non-GAAP EPS and $4.27B revenue. Options price an ~9% swing as AI tax fears meet FY27 guidance.
Tesla stock slid Aug. 24 with Detroit as Trump set 50% Canada auto tariffs for Jan. 1, 2027. China recalls ~2.98 million Teslas over door handles. Vegas robotaxi clearance and the Sept. 3 Cybercab event still frame the autonomy trade.
NVIDIA stock fell for seven straight sessions into Aug. 26 earnings, closing near $208.48 on Aug. 24. The slide is the longest since 2022. Wall Street still expects ~$92 billion in revenue and ~$2.09 adjusted EPS — with memory costs and guidance the real tests.
Sandisk stock fell more than 10% Aug. 24 to about $1,433 after Samsung’s shareholder-return disappointment triggered a memory-sector selloff. SNDK wiped roughly $24B in market cap and erased 80% of its Aug. 12–17 rally.
YMTC IPO: parent CCSH filed Aug. 21 for a 33 billion yuan ($4.9B) Shanghai STAR Market listing. Q1 2026 revenue hit 47 billion yuan. TrendForce ranks YMTC No. 3 globally in NAND — behind Samsung and SK Hynix, ahead of Micron in shipments.
GM stock fell about 2% Aug. 24 after Trump threatened 50% tariffs on Canadian autos, parts, and steel starting Jan. 1, 2027. Ford and Stellantis dropped ~4%. Medium-truck tariff relief sank the US-Canada deal.
Micron stock fell about 3% Aug. 24 on sector profit-taking after Samsung’s payout surprise, but Bloomberg’s Nvidia 15%+ server hike story shows MU’s pricing power. CEO Mehrotra says supply won’t catch demand before 2028.
Broadcom is in talks to raise $60 billion to $100 billion in debt to finance custom AI chips for Anthropic and other labs via SPV leases. AVGO closed near $368 after a 6% weekly drop as Wall Street prices contingent guarantees, not just revenue growth.
OpenAI IPO timing is on the record: CFO Sarah Friar told staff the company will be public in 2027, or sooner if growth keeps accelerating. Confidential S-1 filed in June. Valuation mark: $852 billion.