SpaceX and AMD Report Strong Earnings, Exceeding Expectations

SpaceX made a strong debut as a public company, reporting second-quarter revenue of $7.8 billion, a 92% year-on-year increase, surpassing the $6.81 billion estimate. Its AI segment also posted a narrower-than-expected operating loss of $1.26 billion. Advanced Micro Devices (AMD) also exceeded expectations with adjusted earnings per share of $1.66 against an expected $1.62, and revenue of $11.54 billion, beating the $11.31 billion forecast.