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- Wednesday, August 6
Wednesday, August 6
100% tariffs on chips, Apple dodging tariffs with $100B, earnings are getting rough, Stocktwits heads to the Stock Exchange, and more
CLOSING BELL
Dodge Tariffs With This One Small Trick ($100B)

The market climbed Wednesday, after yet another hefty batch of earnings results and trade updates. Apple helped pull the tech market higher, climbing 5% despite news that the Trump admin would raise taxes on imports from India to stem the flow of Russian oil. Turns out, Chief Tim Cook made a deal: Apple will miss the 25% additional tariffs after the White House said the smartphone giant was pledging a further $100B to U.S. manufacturing.
Part of the plan is to build iPhone glass in Kentucky, hiring 20k employees, and build data centers, bringing the total pledged domestic investment to $600B, according to after-hours reports and the press event at the White House. The president also said he wanted a 100% tariff on chips and semiconductors. 👀

Bloomberg Live TV
Today's issue covers earnings are getting rough, Stocktwits heads to the Stock Exchange, and more. 📰
With the final numbers for indexes and the ETFs that track them, 6 of 11 sectors closed green, with discretionary $XLY ( ▲ 2.08% ) leading and health care $XLV ( ▼ 1.5% ) lagging.
S&P 500 $SPY ( ▲ 0.77% ) 6,345
Nasdaq 100 $QQQ ( ▲ 1.26% ) 23,315
Russell 2000 $IWM ( ▼ 0.13% ) 2,221
Dow Jones $DIA ( ▲ 0.19% ) 44,193
HUMP DAY EARNINGS RESULTS
The Market Is Pricing Beats Low But Misses High 🙃
The hottest earnings week yet has brought forth a new idea: investors are getting more cautious when firms miss analyst expectations. Here are the major reactions and reports today, starting with after-hours earnings you may have missed:
Airbnb posted Q2 results after the market closed that beat estimates, but the room share company painted a more cautious Q3 and second half of the year, right around the $4.02 that analysts expected. The stock fell 6% after hours.
Lyft reports results and struggles to keep up with competitor Uber, which reported earlier in the day. The stock fell about 5% in early night trade.
DoorDash was climbing after its report included a triple header: A Q3 outlook that beat estimates, revenue of $3.28B that grew 25%, and an EPS that was 4% above what Wall Street expected.
DraftKings reported a Q2 sales jump and record revenue, and the stock climbed about 2%
Doulingo took the crown for after-the-report climbs Wednesday night, up nearly 15% after the language learning app reported nearly double the quarterly profit than a year ago.
Before The Bell
McDonald’s climbed about 3% after stronger-than-expected results in Q2, with a 5% revenue growth to $6.84B.
Arista Networks was the S&P 500’s top gainer, up 17% after the cloud networking company reported a 30% revenue jump above estimates to $2.21B. Morgan Stanley, Piper Sandler, UBS, and Goldman Sachs analysts raised their price forecasts on the stock.
Shopify beat Q2 earnings with a 31% YoY revenue jump, sending the stock flying 21%.
Though the week started with the majority of stocks listed on the S&P 500 already touting earnings report beats, YahooFinance reporter Josh Schafer pointed out a grim reality: misses mean big drops when the market is at all-time highs.

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STOCKTWITS TALKS SHOP
Katie Perry Talks Crypto With Michael Novogratz, CEO of Galaxy Digital 🌟
Galaxy Digital CEO Mike Novogratz said the firm must be “radically different” by 2030 to win in on-chain credit and global data infrastructure amid rising crypto demand and regulatory shifts. Read more, or check out the full interview below!
🔮 What’s Next for Galaxy?
🧠 More services like on-chain credit and tokenized wallets
🏢 Aim to be the biggest data center company in America
🚀 Launching new projects next quarter
📅 Thinking ahead to 2030 and beyond
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POPS & DROPS
Top Stocktwits News Stories 🗞️
Uber CEO Dara Khosrowshahi teased new robotaxi partnerships after a strong Q2 report, sparking a 190% surge in retail message volume and bullish sentiment. Read more
PepsiCo is facing a class action lawsuit alleging it gave Walmart unfair price advantages through exclusive promotions and allowances, violating antitrust laws. Read more
Bitcoin dropped below $114K as XRP, Solana, and Dogecoin led a broader crypto selloff amid $1.3B in ETF outflows over four days. Read more
Disney fell nearly 3% after a revenue miss, but said it will fully integrate Hulu into Disney+ and launch a standalone ESPN streaming service on August 21. Read more
Swiss President Karin Keller-Sutter met with Marco Rubio to discuss the U.S.'s proposed 39% tariffs on Swiss imports, which could impact 1% of Switzerland’s GDP. Read more
AMD CEO Lisa Su said she’s seeing “a lot of positive signals” in computing demand and noted “good indications” on China export licenses after Q2 earnings. Read more
Super Micro missed Q4 expectations, but analysts remain split as retail sentiment turns extremely bullish and AI infrastructure hopes persist. Read more
Trump advisers are urging an interim Fed appointment to replace Adriana Kugler, giving him flexibility ahead of Jerome Powell’s May 2026 succession. Read more
Zeta Global surged in retail sentiment after Q2 earnings beat expectations, prompting Canaccord and BofA to raise price targets on confidence in its data strategy. Read more
Amazon’s Zoox received a federal exemption allowing its steering-wheel-free robotaxis to operate on U.S. roads, as NHTSA closed its safety probe and retail sentiment around Amazon surged. Read more
Don’t miss a story! Follow @StocktwitsNews for a live feed in real time. ✍️
STOCKTWITS ECOSYSTEM
Coming Soon To A Trading Floor Near You…
We’re teaming up with FINTECH.TV to bring real-time retail sentiment to the heart of institutional finance, combining our 10M+ investor community and proprietary data with their global media platform and New York Stock Exchange studio!
🎥 First up: “Treasuries Unchained” — a new flagship series diving into corporate crypto treasury strategies and the growing intersection of TradFi and DeFi. 🤑
Launching soon, live from the NYSE, the series will feature:
• Executive interviews with market-shaping leaders (starting with Meanwhile CEO Zac Townsend)
• Insightful coverage designed for both institutional pros and retail investors
The first in-depth interview will debut in mid-August, featuring Surf Air Mobility Inc. (NYSE: SRFM) Co-Founder Sudhin Shahani.
Keep an eye out!
WHAT’S ON DECK
Tomorrow’s Top Things 📋
Economic data: Continuing Jobless Claims (8:30 AM), Initial Jobless Claims (8:30 AM), FOMC Member Bostic Speaks (10:00 AM), NY Fed Consumer Inflation Expectations (11:00 AM), 30-Year Bond Auction (1:00 PM). 📊
Pre-Market Earnings: Cronos Group ($CRON) and Peloton Interactive ($PTON). 🛏️
After-Hour Earnings: Block ($XYZ), Microvision ($MVIS), Gilead Sciences ($GILD), Cleanspark ($CLSK), Blink Charging ($BLNK), SoundHound AI ($SOUN), Twilio ($TWLO), and Pinterest ($PINS). 🎧
P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍
Links That Don’t Suck 🌐
*3rd Party Ad. Not an offer or recommendation by Stocktwits. disclo here.
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