Stock Price

Michelin executed a share buyback program on August 13, 2026, repurchasing 196,718 ordinary shares via OTC trades at an average price of €33.2684. This move aims to return capital to shareholders, enhance financial metrics like EPS and ROE, and signal confidence in the company’s value. The buybacks, facilitated by major financial institutions, will likely be followed by share cancellation. This financial strategy supports Michelin’s substantial investments in technological advancements for electrification and autonomous driving.

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.

Ubisoft’s stock plunged 14% after the gaming giant warned of continued losses. The company anticipates a significant operating loss and declining net bookings for the current fiscal year, compounded by delayed releases and restructuring costs. Ubisoft is streamlining operations by discontinuing and postponing projects, aiming to optimize its cost base and achieve sustainable free cash flow despite a challenging short-term financial outlook.

Nintendo shares fell significantly after the company projected lower Switch 2 console sales for the fiscal year and announced price adjustments due to rising memory costs. Analysts believe Nintendo’s guidance is overly conservative, expecting actual sales to exceed projections. Software sales guidance also shows a year-on-year decline, raising concerns, though analysts remain optimistic about the console’s long-term prospects and upcoming game releases.

C3.ai’s stock plummeted 17% to an all-time low after reporting dismal Q3 results and announcing a significant workforce reduction of 26%. The AI firm missed revenue and earnings expectations, with CEO Stephen Ehikian citing a need to reduce costs and improve organizational structure. The company’s Q4 outlook also fell short of analyst projections, leading to a downgrade from Citizens. This dramatic downturn marks a stark contrast to its 2020 IPO, highlighting challenges in monetizing AI technology.

Adyen’s stock plummeted by up to 20% after the payments giant issued a 2026 net revenue growth forecast of 20-22%, falling short of analyst expectations. The company cited a robust pipeline and customer cohort maturation for its outlook, while acknowledging macroeconomic uncertainties influencing market volume growth. Second-half payment volumes also missed some estimates. Despite current results being “largely okay,” the guidance may not overcome negative sentiment in the payments sector. This sharp decline underscores investor sensitivity to growth forecasts in the tech and payments industry.

Short seller CapitalWatch apologized and revised a report alleging financial crimes by AppLovin shareholder Hao Tang, retracting inaccuracies and misinformation. This led to a 14% surge in AppLovin shares. AppLovin had previously demanded a retraction. Despite retracting specific claims, CapitalWatch maintains its overall financial assessment of AppLovin remains unchanged. AppLovin has faced prior scrutiny from other short sellers.

Amazon plans a massive $200 billion capital expenditure by 2026, heavily focused on cloud computing and AI infrastructure, including custom chips like Trainium. While AWS shows strong growth and backlog, the aggressive spending raises concerns about near-term free cash flow. This contrasts with competitors, potentially impacting Amazon’s stock as analysts revise targets and question its AI integration strategy and competitive stance against Google Cloud and Azure.

Nintendo’s stock fell sharply due to a memory chip shortage and concerns about its Switch 2 console. While profits rose, revenue missed expectations. The global scarcity of memory chips, critical for consoles, is increasing prices and impacting profit margins. Analysts worry about the Switch 2’s momentum and its ability to replicate the success of its predecessor, especially with a projected surge in DRAM prices and a shortage expected to last until 2027. Future price hikes could deter Nintendo’s casual user base. Upcoming game releases and a new Mario movie aim to boost the Switch 2’s prospects.

Xiaomi’s YU7 vehicle launch saw phenomenal success, with pre-orders reaching 289,000 units within an hour, mirroring its smartphone sales strategy. Following the launch, Xiaomi’s stock price surged over 5%, hitting a record high of HK$61.45, reflecting a significant recovery from earlier setbacks. This explosive debut highlights Xiaomi’s resilience and its growing presence in the automotive market.