Stock futures point higher, with major indexes poised to extend their record streak. SpaceX reported strong revenue but significant capital expenditures caused an 11% stock drop, despite a narrower than expected net loss. Disney’s shares rose on better-than-expected earnings, driven by parks, cruises, and streaming growth. Procter & Gamble acquired Thorne for $3.8 billion to bolster its health and wellness segment. Chipotle temporarily removed jalapeños due to salmonella concerns, impacting its stock. Palantir’s stock surged 29% following its earnings report, fueled by AI momentum.

Jim Cramer’s Charitable Trust increased its Intel stake by 100 shares, boosting its portfolio allocation to 3.20%. This move follows a recent surge in Intel stock and is driven by optimism in the AI sector and semiconductor market recovery. Despite past volatility, the Trust believes Intel is undervalued and poised for a rebound, citing strong demand and potential for growth. The acquisition aims to optimize cost basis and capitalize on Intel’s position in the AI value chain.

Senator Elizabeth Warren is demanding answers from the Commerce Department regarding eased export controls for the UAE. Her concerns stem from significant UAE-linked investments in a cryptocurrency venture tied to President Trump’s family, raising questions about potential influence on national security decisions. Warren seeks to ensure sensitive U.S. technology doesn’t reach adversarial nations, noting the UAE’s lack of commitment to international export control regimes.

Zoox, Amazon’s autonomous vehicle unit, is launching paid robotaxi services in Las Vegas on August 10th, a significant commercial step after offering free rides. This move follows federal regulatory approval for fare collection, allowing Zoox to compete directly with rivals like Waymo. The company utilizes custom-built, driverless shuttles with unique bidirectional designs. Zoox plans a fare structure including base price, distance, time, and potential destination fees, aiming for competitive pricing. Future expansion hinges on securing state and local permits.

The U.S. Senate Commerce Committee has advanced the Kids Online Safety Act (KOSA) with bipartisan support. The bill aims to establish a “duty of care” for social media companies, requiring them to take reasonable steps to prevent harm to minors. This marks a significant step toward enhancing online protections for young users, though challenges remain in reconciling differences with the House and addressing privacy concerns.

The stock market saw record highs fueled by strong earnings and easing Strait of Hormuz tensions. Nvidia surged 4% after Elon Musk announced SpaceX would exclusively use its AI hardware. Honeywell Aerospace, recently spun off, is highlighted as potentially undervalued despite supply chain challenges. Other companies like Disney and Uber were also mentioned.

Google is reorganizing its AI division amid intense competition and rising capital expenditure. Jeff Dean, a key AI figure, is leaving to start a new venture, Discovery Loop, focusing on AI for science and engineering. Demis Hassabis transitions to chairman of Google DeepMind and Chief Scientist at Alphabet, while Koray Kavukcuoğlu now leads Google’s AI division, focusing on Gemini 4. The changes occur as Google invests heavily in AI infrastructure and competes with rivals like OpenAI.

Paige and Microsoft’s PRISM2 is a revolutionary AI for digital pathology. It interprets whole-slide images and generates natural language answers to diagnostic questions, moving beyond simple pixel identification. Trained on 2.3 million whole-slide images and clinical dialogue from 685,507 pathology reports, PRISM2 consolidates tile embeddings into a single representation. GPT-4o was used to create question-and-answer pairs from this data, ensuring authentic clinical reasoning for intuitive diagnostic insights.

SpaceX shares fell 9% due to investor concerns over high AI investment costs, despite exceeding earnings expectations. The company reported a significant surge in capital expenditures, largely for AI infrastructure, aiming to become a major AI compute market player. While forecasting strong future revenue, questions remain about cost structure and profitability, exacerbated by insider lock-up expirations.

Despite exceeding analyst expectations with strong revenue growth, AMD’s stock fell due to investor caution. The chipmaker’s data center segment surged, driven by AI hardware demand. While AMD’s CEO sees significant growth opportunities, some investors had higher expectations, leading to market apprehension. Analysts suggest the dip may present a buying opportunity.