Interactive Brokers jumps as second-quarter earnings beat expectations

Interactive Brokers shares rose nearly 4% in after-hours trading after the online brokerage reported better-than-expected second-quarter earnings Thursday afternoon.

The company released earnings per share of $0.51 and quarterly revenues of $1.48 billion. Analysts had expected the company to report $0.47 per share in earnings and $1.4 billion in revenues, per FactSet.

The company’s shares have been on a tear lately, rising just over 34% so far this year and almost 94% over the past 12 months compared to the S&P 500’s gains of about 7% and just under 14%, respectively, over the same periods. That surge comes as US brokerages and exchanges broadly have seen their shares rise in value as retail traders’ appetite for trading crypto, stocks, and options continues to increase.

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Luke Kawa21m

Nvidia jumps to high of day after CEO Jensen Huang touts more than $500 billion in flagship chip orders through 2026

Shares of Nvidia leapt to session highs after CEO Jensen Huang touted the “exceptionally” strong demand for its flagship products, noting that orders for Blackwell and early Rubin chips were above $500 billion through 2026.

That’s a lot more money in a lot less time than its Hopper GPUs generated to date.

Revenue estimates for Nvidia’s fiscal 2026 and 2027 (which loosely map to calendar years 2025 and 2026) currently sit at a combined $486 billion.

The average American family is worth more than a million bucks

Elon Musk and I also have an average net worth of $233 billion.

Claire Yubin Oh1h

Luke Kawa4h

Trump Media rises on plans to make event contracts available on Truth Social in partnership with Crypto.com

Shares of Trump Media & Technology Group are up after the company announced that it will be making prediction markets available on its Truth Social platform through its partnership with Crypto.com.

Users “will be able to trade prediction contracts related to major events and milestones, such as political elections, interest and inflation rate changes, commodity prices on gold and crude oil, events across all major sports leagues, and more,” per the press release. Beta testing is to begin “in the near future,” followed by a full US launch with designs on a global rollout.

Speech is free and talk is cheap — until you put your money where your mouth is. Prediction markets are a booming business, with Piper Sandler estimating that volumes at Kalshi and Polymarket are poised to be up 91% month on month in October, driven in part by interest into contracts tied to the outcomes of sporting events.

The ascension of prediction markets has been viewed as negative for the “traditional” domains for online sports betting, with the likes of DraftKings and Flutter Entertainment suffering as prediction market activity linked to sports picks up steam. Both these firms, which are looking to increase their footprints in the event contracts space, are selling off as this new entrant also threatens to eat away at market share and, more importantly, a large rival plans a reentrance, with Bloomberg reporting that Polymarket is “preparing to return to the US in the coming weeks with a focus on sports betting,” citing people familiar.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions. Event contracts trading is offered by Robinhood Derivatives, LLC, a registered futures commission merchant with the CFTC.)

Luke Kawa5h

Cameco soars on partnership with US government and Brookfield to deploy new nuclear reactors stateside

Shares of Cameco Corp are surging in premarket trading after the Canada-based uranium company announced that it and Brookfield Asset Management have signed a binding term sheet with the US government to build nuclear reactors in the US via their jointly owned Westinghouse Electric business.

(Brookfield and Cameco acquired 51% and 49% of Westinghouse Electric, respectively, in a 2023 deal.)

As a uranium provider to nuclear power plants, Cameco has the opportunity to benefit not just through its Westinghouse exposure, but also by having a bigger market to supply.

Shares of no-revenue nuclear company Oklo as well as Nuscale both popped on this news, but since pared gains.

The aggregate investment value of these new projects is “at least” $80 billion, per the press release. The US government will take care of arranging financing, permitting, and approvals, and Westinghouse will construct nuclear facilities which “are expected to generate reliable and secure power for the American grid, including powering significant data center and compute capacity to drive growth in artificial intelligence in the United States.”

The agreement will see the US government get a 20% share of any cash distributions tied to this project in excess of $17.5 billion. If that milestone has been hit on or prior to January 2029 and the valuation of Westinghouse is expected to be $30 billion or higher, the US government can demand an IPO of this division and the ability to accumulate a 20% stake in this entity.

Max Knoblauch

JetBlue continues its quarterly losing streak, but its loss isn’t as bad as Wall Street expected

Shares of JetBlue ticked down in premarket trading on Tuesday.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.