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Arista Networks Hits All-Time High of $181.05 After 8.8% Rally — Q2 Earnings Set for August 4 With $11.5B Full-Year Guidance in Focus

Arista Networks closed at an all-time high of $181.05 on Wednesday after an 8.8% single-session rally, driven by BlackRock naming it one of its top 30 AI infrastructure stocks alongside validated deployments of its new 1.6-terabit 7060XE7 switching platforms with Meta, Microsoft, and Oracle. The stock carries $8.9 billion in multi-year purchase commitments and full-year AI revenue guidance of $3.5 billion. Second-quarter results are due August 4. The stock is up roughly 70% over the past 12 months.

Blue Origin Raises $10 Billion at $130 Billion Valuation — First Outside Funding in 25 Years Led by Coatue, Bezos

Blue Origin is raising $10 billion in its first-ever outside funding round at a pre-money valuation of $130 billion, with Coatue Management leading at $4 billion, Jeff Bezos contributing $2 billion, and institutional investors covering the remainder. The round comes weeks after SpaceX's $86 billion IPO valued Musk's company at roughly $2 trillion. Amazon stock, Blue Origin's historical funding source, is in focus as Bezos no longer needs to sell shares to sustain the company.

ExxonMobil Gains 1.6%, Chevron 1.9%, ConocoPhillips 2.2% as Iran Re-Escalation Reverses Energy Sector's June Slide

ExxonMobil, Chevron, and ConocoPhillips gained 1.6%, 1.9%, and 2.2% respectively as Iran's renewed attacks on Strait of Hormuz shipping reversed the oil supply easing trade that had weighed on energy stocks since the June ceasefire. The US Treasury also revoked the waiver allowing Iran to sell oil globally, a move that could materially re-tighten the crude market. Energy is the sole S&P 500 sector in positive territory as broader equity markets sink.

Bitcoin Drops 2.2% to $62,038 as Iran Re-Escalation and Hawkish Fed Minutes Dual-Press Crypto Risk Assets

Bitcoin fell 2.2% to $62,038 as traders confronted a simultaneous double shock: Iran's ceasefire collapse sent oil surging and risk appetite cratering, while the Federal Reserve's June FOMC minutes, releasing at 2 p.m. ET, are expected to confirm a hawkish internal debate with nine of eighteen officials favoring a 2026 rate hike. Markets assign a 40% probability of a hike to 3.75%-4.00% by December, and any confirmation of aggressive internal sentiment could push crypto lower.

SpaceX SPCX Joins Nasdaq-100 Today via Fast-Track — $4.3B in QQQ Forced Buying Hits a 3%–5% Float Stock

SpaceX officially joins the Nasdaq-100 today, just 15 trading days after its June 12 IPO, making it one of the fastest additions ever to a major U.S. benchmark. JPMorgan estimates the inclusion will trigger roughly $4.3 billion in forced buying from QQQ alone, with up to $27 billion across all Nasdaq-100 and Russell trackers. The catch: only 3% to 5% of SPCX shares are publicly traded, creating an unusually tight supply-demand setup during the mechanical rebalance.

Samsung Q2 2026 Operating Profit Hits Record $58.4B, Up 19-Fold — Revenue Misses at 171T Won, Shares Fall 6.8%

Samsung Electronics posted a preliminary Q2 2026 operating profit of 89.4 trillion won ($58.4 billion), a 19-fold year-over-year increase that set a new all-time corporate record and beat the LSEG SmartEstimate of 87.3 trillion won. Revenue came in at 171 trillion won, up 129% year-over-year but short of the 172.2 trillion won consensus. Shares fell as much as 6.8% in Seoul as some traders had expected profit to top 100 trillion won before bonus provisions, dragging Micron and SanDisk lower in US premarket.

Dow Gains 83 Points to Record High as Dow Rotates Away from AI Chips — S&P 500 and Nasdaq Fall 0.2% and 0.7%

The Dow Jones Industrial Average rose 83 points, or 0.2%, to a fresh all-time intraday high, while the S&P 500 fell 0.2% and the Nasdaq Composite declined 0.7% as investors rotated out of semiconductor names following Samsung's disappointing revenue guidance. Micron fell 5%, the VanEck Semiconductor ETF dropped more than 3%, and chipmakers including KLA, Marvell, Broadcom, and AMD all declined. Gains in JPMorgan, Microsoft, Eli Lilly, and Walmart offset selling pressure in the broader market.

SpaceX SPCX Forces $4.3B in Nasdaq-100 Passive Buying Today — Low 3% Float Creates Historic Supply Crunch on Inclusion Eve

SpaceX joins the Nasdaq-100 before Tuesday's open, triggering an estimated $4.3 billion in forced ETF buying today — the largest single-stock passive-flow event since Nvidia's index surge. With only 3%–5% of shares in the public float and over $800 billion benchmarked to the index, QQQ and QQQM managers must absorb the position regardless of price. History shows NDX additions average a 1.13% loss on day one, warning momentum traders to watch lockup expiration on August 6.

Foxconn Q2 2026 Revenue Hits $78.71B, Up 39.8% YoY — AI Server Division Nears Half of Total Sales as NVDA Supply Chain Signals Demand Holds

Foxconn posted Q2 2026 revenue of $78.71 billion, up 39.8% year-over-year and beating Reuters/LSEG estimates of $72.7 billion, as its cloud and networking division — which houses AI server production for Nvidia — approaches half of total company sales. June alone surged 52.1% year-over-year to a monthly record. Management guided for Q3 growth both sequentially and annually. The print directly lifts Nvidia sentiment and provides a key third-party validation of sustained AI infrastructure spending ahead of earnings season.