SpaceX reported second-quarter revenue of $7.81 billion, up 92% year over year and ahead of consensus, while its net loss narrowed to $541 million and adjusted EBITDA was $3.5 billion. Connectivity revenue rose 66% to $4.3 billion, with Starlink subscribers reaching 12 million even as average revenue per user fell to $66 from $85 a year earlier. Capital expenditures totaled $18.37 billion, largely tied to AI, and analysts are modeling full-year spending above $45 billion.

Dick’s Sporting Goods shares plunged more than 29% on Tuesday, marking the retailer’s largest single-day drop on record. The company cited weaker demand for athletic apparel and footwear and lowered its full-year 2026 sales outlook to $21.9 billion–$22.2 billion, below its prior forecast. Second-quarter earnings were $3.53 per share, missing expectations of $3.76. Last year, Dick’s bought Foot Locker for $2.4 billion to expand its sneaker business and international reach.

Marvell has struck a custom-chip collaboration with Google and issued the company a warrant to buy up to 58.97 million shares at an exercise price of $206.58 per share. In fiscal Q1 2027, Marvell’s revenue rose 28% year over year to $2.42 billion, with the data center business accounting for 76% of sales. The company forecast Q2 revenue of $2.7 billion, which would be 34.6% higher than a year earlier.

SoundHound and Cerence reported solid top-line growth in their latest quarterly results, but with different profitability and cash-flow dynamics. SoundHound said second-quarter 2026 revenue rose 45% year over year to $61.9 million and it raised its full-year revenue outlook to $230$260 million, with no debt on the balance sheet. Cerence reported fiscal third-quarter 2026 revenue up 12% to $69.6 million, adjusted EBITDA up 50%, and free cash flow of $19.6 million, while forecasting 41% full-year revenue growth.

Nigeria’s July cocoa bean exports rose 18% year on year to 16,052 MT, while Ivory Coast cumulative shipments to ports in the current marketing year increased 20% to 2.11 MMT, pointing to firmer global supply. The easing supply concerns have weighed on New York and London cocoa futures. The figures were reported by Bloomberg.

CoreWeave has signed a multibillion-dollar AI agreement with Hudson River Trading, further strengthening its cloud infrastructure business. The company said its Q2 revenue backlog rose to $104.2 billion, and it added more than $25 billion in additional commitments early in Q3. Revenue rose 112% year over year to $2.575 billion, beating expectations, while adjusted loss per share narrowed to $1.03. Adjusted EBITDA reached $1.5 billion, for a 59% margin.

Foreign institutional investors were net buyers of Indian equities for a second consecutive session on Tuesday, with net purchases of ₹1,593.53 crore. Domestic institutional investors also stayed on the buying side, recording net purchases of ₹230.26 crore. Nifty ended the August series 1.5% higher at a two-week high after a sharp late-session rebound. Shriram Finance, IndiGo, Vodafone Idea, Paytm and IREDA rose, while Federal Bank slipped 3% on acquisition talk.

US equities posted modest gains, led by the Nasdaq 100. WTI crude fell more than 3%, easing inflation expectations and pulling the 10-year Treasury yield down 5 bp to 4.65%. June S&P/CS20 home prices rose 2.1% year over year, while July new home sales fell 10.5% month over month to a six-month low of 607,000, below forecasts. Europe’s Euro Stoxx 50 also edged higher.