Market update for Wednesday August 5, 2026 Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: Stocks hit new records as the AI trade makes a massive comeback SpaceX reports earnings for the first time as a public company, revealing a huge AI infrastructure spending AMD delivers a strong earnings report with booming AI demand, but investors punish the stock after expecting even more. Shopify surges after a monster quarter, while Uber faces questions about growth, competition, and the future of robotaxis. MySpace tries to make a comeback nearly two decades after losing the social media battle to Facebook.

SpaceX Falls After First Earnings, AMD Drops Despite Data Center Growth

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Wednesday, August 5th. In today's episode, I'll tell you why I think the AI trade is making a huge comeback right now. Also get into SpaceX's very first earnings report as a public company and why AMD stocks sold off despite a strong quarter.

Then stick around to the end of the show to find out why my space is trying to make a comeback. We got a great show for you today. Let's go. We are so back, baby. Stocks kept ripping higher on Tuesday with the S&P 500 jumping 1.8% and hitting a record high for the first time since early June.

The Nasdaq did even better, jumping 2.6% as investors jumped back into the tech and AI trade. You know, it's kind of crazy how fast the market has jumped back into tech stocks. Literally a week ago, the market was questioning whether the AI trade was over and now everything is just ripping. The Nasdaq has jumped 9.3% in just four trading days, adding roughly $3.5 trillion in market value. And it's not just the mega cap names driving this rally.

Semiconductor stocks and software companies and cloud infrastructure companies, almost everything tied to the AI trade is moving higher again. You know, I think the strong cloud growth reported by Google, Microsoft, and Amazon in their earnings over the last couple weeks proved to the market that all this spending on data centers is starting to pay off. These companies are probably not going to stop spending anytime soon. So I think that's giving investors confidence to jump back into the trade.

SpaceX Falls After First Earnings, AMD Drops Despite Data Center Growth

Read the full transcript

The candid version is on a podcast,
not the earnings call.

SpaceX Falls After First Earnings, AMD Drops Despite Data Center Growth

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.