Markets
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Luke Kawa

Astera Labs soars after better-than-expected Q1 results and Q2 guidance

The hot run for Astera Labs is getting fresh life from a solid set of Q1 results along with Q2 sales guidance that exceeded even the most bullish analyst’s forecast.

For Q1, the firm reported:

  • Revenues of $308.4 million (compared to analyst estimates of $292.2 million and guidance for $286 million to $297 million).

  • Adjusted earnings per share of $0.61 (estimate: $0.54, guidance for $0.53 to $0.54).

For Q2, management anticipates:

  • Revenues of $355 million to $365 million (estimate: $310.3 million).

  • Adjusted earnings per share of $0.68 to $0.70 (estimate: $0.55).

Shares have more than doubled since the S&P 500 bottomed on March 30 in a massive catch-up trade after investors spent a good chunk of 2026 bidding up networking companies with higher optics exposure. Its offerings are used in Nvidia’s AI platforms, and top customers include the chip designer, the four Magnificent 7 hyperscalers, Foxconn, and memory giant SK Hynix, per Bloomberg supply chain estimates.

“Astera Labs is a leader in high-speed connectivity, with its Aries Gen6 retimers the standard for PCIe 6 deployment across GPU and custom-ASIC platforms,” Bloomberg Intelligence analysts Kunjan Sobhani and Oscar Hernandez Tejada wrote ahead of this release. “Yet competitive positioning is increasingly defined by its expanding platform, particularly Scorpio switches and system-level connectivity, rather than retimers alone.”

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Luke Kawa
7/13/26
Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

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markets
Paige Oamek

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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