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Why Figma Stock Just Sank
Motley Fool51d agoneutral
Why Figma Stock Just Sank

Figma crushed its Q2 revenue and earnings targets, yet the stock cratered nearly 15%. The culprit? Soaring AI costs that are growing more than twice as fast as sales.

Market Storylines: Tech Breakout, Hyperscalers lead the charge + Jobs Friday
NYSE51d agoneutralVIDEO
Market Storylines: Tech Breakout, Hyperscalers lead the charge + Jobs Friday

Michael Reinking, Senior Market Strategist at the NYSE, reviews a pivotal week in which the S&P 500 broke above its May-July trading range near 7,600, driven by strong Q2 earnings, easing oil prices, and mispositioning in tech that sparked a broad-based rally. Hyperscalers led the charge as investors embraced the ongoing shortage of compute capacity, while semiconductors and optical stocks saw volatile swings amid eye-popping growth figures and sky-high expectations. Looking ahead, Friday's jobs report and next week's inflation prints take center stage, with reports suggesting Fed Chair Warsh could support a September rate hike should the data come in hot.

Jim Cramer on Microsoft (MSFT): “Glad We Held On to It Because They Did a Great Job”
Insider Monkey51d agoneutral
Jim Cramer on Microsoft (MSFT): “Glad We Held On to It Because They Did a Great Job”

During August 3’s episode of CNBC’s Mad Money, host Jim Cramer spotlighted Microsoft Corporation (NASDAQ:MSFT) as July’s eighth-best performer in the S&P 500. After lagging broader tech indices for much of the year, Microsoft posted a massive 24.6% monthly gain, driven by a post-earnings surge: Eighth place, Microsoft, up 24.6%, with most of that gain […]