Reddit beat fails to trend
Summary
Host Julie Morgan covers Reddit’s pre-market drop despite strong Q2 results and AI search concerns. The episode highlights cybersecurity breaches at Anthropic and OpenAI, plus Jersey Mike’s IPO performance. Amazon surges 12% on AWS growth, while Apple declines. Other topics include Musk denying fake news, Asian market rebounds, and upcoming economic data like the Employment Cost Index.
Topics discussed
Introduction and show overview
Reddit earnings beat but stock drops on search concerns
Anthropic AI security breach and OpenAI comparison
Jersey Mike's IPO pricing and valuation concerns
Trending news: Tesla, KOSPI, Microsoft, and Mag 7
Catalyst watch: Sony Spider-Man and Black Hat conference
Market futures, oil prices, and European indices
Biggest movers: Amazon gains, Apple loses, and economic calendar
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