Today is Wednesday, August 5, 2026.

The Early Bird Index today is 87.11.

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SpaceX $SPCX ( ▲ 9.43% ) fell 7.46% in after-hours trading on Tuesday after reporting its first financial results since its initial public offering in June.

Financials: SpaceX reported a loss of 9 cents per share in the past quarter and revenue of $7.8 billion. Both were better than expected. The problem was the company’s artificial intelligence spending, which ballooned to $15.82 billion in the quarter.

Early Bird’s Nest Egg Gains: Investors aren’t upset that SpaceX is spending on AI. They are worried about the scale, speed, and funding mix of that spend relative to visible returns.

Final Thoughts: The stock is down 22% since going public.

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Notable Earnings Today: Eli Lilly (NYSE: LLY), Walt Disney (NYSE: DIS), Sandisk (Nasdaq: SNDK), Shopify (Nasdaq: SHOP), Western Digital (Nasdaq: WDC), Uber (NYSE: UBER), Block (NYSE: XYZ), DoorDash (Nasdaq: DASH), eBay (Nasdaq: EBAY), Expedia Group (Nasdaq: EXPE), AppLovin (Nasdaq: APP), e.l.f. Beauty (NYSE: ELF), Zillow (Nasdaq: ZG), Circle Internet Group (NYSE: CRCL), CVS Health (NYSE: CVS), Kraft Heinz (Nasdaq: KHC), MercadoLibre (Nasdaq: MELI), Bloomin' Brands (Nasdaq: BLMN), Axon (Nasdaq: AXON), Albemarle (NYSE: ALB), Allstate (NYSE: ALL), Atmos Energy (NYSE: ATO), BeOne Medicines (Nasdaq: ONC), CDW (Nasdaq: CDW), Cencora (NYSE: COR), CF Industries (NYSE: CF), Corpay (NYSE: CPAY), Curtiss-Wright (CW), Global Payments (NYSE: GPN), GlobalFoundries (Nasdaq: GFS), Host Hotels (Nasdaq: HST), IonQ (NYSE: IONQ), Iron Mountain (NYSE: IRM), McKesson (NYSE: MCK), Medline (Nasdaq: MDLN), MetLife (NYSE: MET), MKS Inc. (Nasdaq: MKSI), Motorola Solutions (NYSE: MSI), Nutrien (NYSE: NTR), Occidental Petro (NYSE: OXY), Permian Resources (NYSE: PR), Phillips 66 (NYSE: PSX), Realty Income (NYSE: O), Royal Gold (Nasdaq: RGLD), SharkNinja (NYSE: SN), Steris (NYSE: STE), Symbotic (Nasdaq: SYM), Tenaris (NYSE: TS), United Therapeutics (Nasdaq: UTHR), Western Midstream (NYSE: WES).

Notable IPOs Today: Attovia Therapeutics, Inc. Common Stock (Nasdaq: ATTO), JAB Acquisition Corp I Class A Ordinary Shares (Nasdaq: JAB), TCGX Acquisition Corp. Class A Ordinary Shares (Nasdaq: TCGX), Ticketplus Ltd. (NYSE American: TP).

Notable Equity Crowdfunding Campaigns Ending Today: Owl Spoon Water Kefir Co #3 (Honeycomb Credit), Nusa Caña (Crowdcube).

Notable Economic Events Today: ADP Nonfarm Employment Change (8:15 a.m. ET), S&P Global Services PMI (9:45 a.m. ET), S&P Global Composite PMI (9:45 a.m. ET), ISM Non-Manufacturing Prices / PMI / Employment (10:00 a.m. ET), Crude Oil Inventories (10:30 a.m. ET).

Despite posting good financial earnings results on Tuesday, Advanced Micro Devices $AMD ( ▲ 7.0% ) fell 8.80% in after-hours trading.

Financials: AMD reported earnings of $1.66 per share in the past quarter and revenue of $11.54 billion. Both were better than expected.

Final Thoughts: With the stock up 132% this year, investors sold some profits and decided that AMD’s results showing growth were not enough.

Computer networking company Arista Networks $ANET ( ▲ 3.04% ) surged 11.02% in after-hours trading on Tuesday after posting strong financial earnings results.

Financials: Arista Networks reported earnings of $1.02 per share in the past quarter and revenue of $3.03 billion. Both were better than expected.

Final Thoughts: The stock was already up 42.60% this year.

Blockchain Payments: Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street’s settlement rails (CoinDesk)

Edging Higher: Bitcoin coils at $64K as Hormuz reopening timeline sends S&P 500 to $70T record (Cointelegraph)

Disappointing Outlook: Pinterest shares fall on lukewarm sales guidance (CNBC)

Postponement: Lucid to delay affordable EV launch amid 'operational reset' (Reuters)

Too Hot to Handle: Chipotle Removes Jalapeños Linked to Salmonella Outbreak From Its Restaurants (New York Times)

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_{The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.}