Nasdaq 100 Braces for Tesla and Meta After Volatile Night
By Damilola Esebame
AI summary of the source article
The Nasdaq 100 faces major earnings reports from Tesla and Meta following volatile trading. SpaceX posted $14.58 billion in quarterly revenue, while Netflix shares fell roughly 6% after hours despite meeting revenue estimates.
Why it matters
Companies across the Nasdaq 100 are spending heavily on AI capacity, and this earnings cycle will test whether that spending is translating into revenue growth or simply compressing margins.
Key facts
- SpaceX reported $14.58 billion in quarterly revenue and $4.4 billion in net income, driving shares up 6.89% after hours.
- Netflix delivered third-quarter revenue of $12.9 billion and an operating margin of 34.6%, but shares dropped roughly 6% after hours.
- Tesla delivered 486,532 vehicles in the quarter ahead of reporting on consensus revenue estimates of $28.06 billion.
Source excerpt · FinanceFeeds
The Nasdaq 100 enters a critical earnings stretch with Tesla and Meta set to report this week, following a volatile overnight session shaped by SpaceX's blowout results and a Netflix slide. SpaceX shares jumped 6.89% to $157.97 in after-hours trading after posting $14.58 billion in quarterly revenue. Netflix closed down 1.71% at $68.70 and slid a further roughly 6% after hours to about $65 after r…