DailyEdge

Elliott Investment Management, fresh off a major victory at Starbucks, is turning up the heat on Southwest Airlines. The activist investor plans to nominate 10 board members in a bold move to reshape the struggling carrier's leadership and strategy. ✈️

Investors are eyeing Google’s upcoming hardware event, hoping new AI features can reverse a $360 billion drop in Alphabet’s market value. With shares down 15% in a month, this showcase could be key to boosting confidence. 📱

The company shares edged up in early Monday trading, as the company looks to ease concerns over a reported delay in its next-generation Blackwell chips. Wall Street analysts remain confident, with expectations that current-generation Hopper chips will sustain strong sales through 2024, and Blackwell chips will become a key contributor by year's end. 🚀

Nvidia stock continues its recovery in pre-market trading, following Thursday's 6% surge, as tech stocks lead a market comeback. Despite recent volatility and a 25% decline from its June peak, analysts remain optimistic, highlighting ongoing strong demand for AI chips and Big Tech's increased investment in data centers. 🟢

Warner Bros. Discovery reported a nearly $10 billion loss, driven by a $9.1 billion impairment tied to the plummeting value of its cable-TV networks, highlighting the severe challenges facing the traditional television industry. Despite the hit, the company saw growth in its streaming platform, Max, with a subscriber increase of 3.6 million. 🎥

Samsung's fifth-generation HBM3E chips have passed Nvidia's tests for AI processors, with supply deals expected soon and shipments starting by Q4 2024. This development marks a significant step for Samsung in the competitive high bandwidth memory market. 🌐

Palantir's shares soared over 12% following a substantial Q2 revenue beat and an increased full-year forecast, driven by surging demand for their AI solutions. The company reported $678 million in Q2 revenue, significantly surpassing expectations. 🤖

Stock markets tumbled on Monday, with Japan's Nikkei experiencing its largest one-day fall since 1987, as fears of a U.S. recession sent investors fleeing from risk. European stocks also opened lower, while safe-haven currencies like the yen and Swiss franc surged. 📉

Amazon shares dropped after reporting a rare revenue miss in Q2, overshadowing strong AWS performance. Investors were further concerned by the company's cautious outlook. 📦

Rolls-Royce shares surged 9% after the company reported first-half pretax profit nearly doubled to £1.08 billion, surpassing expectations. The engine maker also announced a return to shareholder distributions and raised its full-year profit and cash flow forecasts. 📈