Dow Jones Top Company Headlines at 11 PM ET: Meta Stumbles as Tech Investors Demand Better Answers on AI Spending | Even ...

Meta Stumbles as Tech Investors Demand Better Answers on AI Spending

Meta fell and Microsoft rallied after sending very different signals on how they're monetizing their massive AI outlays.

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Even $64 Billion in Quarterly Profit Is a Disappointment for Chip Investors

South Korea's SK Hynix shares fell nearly 10% despite record results powered by the AI boom.

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Samsung's Chip Earnings Push Net Profit to Record

Samsung Electronics' net profit surged 14-fold in the second quarter, as a stellar performance by its core semiconductor division, helped the technology titan extend its streak of record earnings.

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Jersey Mike's IPO Wants to Be a Wall Street Hero

The sandwich chain is going public on Thursday. It will test the appetite of investors after blockbuster debuts like Elon Musk's SpaceX.

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Microsoft Profit Jumps 31% as Azure Cloud Sales Surpass $100 Billion

Microsoft's earnings report includes signs that AI-revenue growth is accelerating and that spending on data centers will continue.

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Johnson Johnson Comes to Strategic Agreement with Sail Biomedicines

Under the agreement, Johnson Johnson would make total initial payments of $785 million, and has the exclusive option to acquire Sail for $2.58 billion.

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Hot Market for Used Cars Pushed Carvana to Record Profit

The used-car retailer reported sales were up nearly 40% over last year as the price of new cars rises.

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Qualcomm Profit Declines, Dented by Higher Costs

The semiconductor company gave a soft outlook for the current quarter and warned of price increases.

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Arm Posts Higher Revenue, Profit as AI Demand Drives Growth

The company reported a higher first-quarter profit of $270 million as demand for its chip designs exceeded expectations.

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L3Harris Raises Guidance on Higher Profit, Revenue

The defense contractor said it now expects full-year earnings between $11.80 and $12.00 a share, up 40 cents from the company's previous guidance.

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Robinhood Beats Expectations on Surging Revenue, But the Crypto Slump Continues

The mobile trading platform reported $1.3 billion in second quarter revenue, up 32.5%.

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MGM Resorts Revenue Edges Up, Driven by Las Vegas Strip

The hotel and casino company said revenue from MGM's resorts on the Las Vegas Strip rose 3% to $2.2 billion.

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Pilgrim's Pride Reports Lower Profit, Sales

The chicken and pork manufacturer logged a profit of $13.4 million in the second quarter, citing commodity market pricing reductions.

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Sturm Ruger Swings to Profit as Firearms Demand Drives Revenue Growth

The Southport, Conn.-based firearms maker said sales growth was driven by higher product demand, improved product mix and a 10% increase in average selling price to $384.

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Chipotle Stock Rises After Earnings Edge Past Estimates

Chipotle Mexican Grill managed to beat earnings and revenue estimates, but margins and labor pose a challenge for the burrito chain.

(END) Dow Jones Newswires

July 29, 2026 23:00 ET (03:00 GMT)