No. 1588Independent rewrite deskUpdated September 5, 2026

Financial News
& Market Press Releases

MACROIRGC Navy confirms targeting three vessels in the Strait of HormuzSep 5$BTCFed Governor Waller's rate comments drive $BTC rally and push crypto stocks sharply higherSep 5$XRPRipple's 1 billion XRP escrow release arrives as $XRP trades 54.84% below what it cost on inauguration daySep 5NVDANvidia's data-center capacity clears $89 billion as Vera Rubin enters full productionSep 5DEALSSBR declares USD 0.33168 monthly cash dividend, ex-date September 15Sep 5DEALSASO declares $0.15 quarterly cash dividend, payment set for October 14Sep 5EARNINGSKNOT Offshore Partners adds Hilda Knutsen and refinances $225 million as shuttle tanker supply falls short of demandSep 5GOOGLFairphone Gen 6+ arrives in the US at $650, betting repairability beats the upgrade cycleSep 5NVDAWoot puts refurbished Alienware Aurora 16 within reach at $927Sep 5NVDANvidia's Hugging Face acquisition plan sends Huang's net worth toward $200 billionSep 5MACROIRGC Navy confirms targeting three vessels in the Strait of HormuzSep 5$BTCFed Governor Waller's rate comments drive $BTC rally and push crypto stocks sharply higherSep 5$XRPRipple's 1 billion XRP escrow release arrives as $XRP trades 54.84% below what it cost on inauguration daySep 5NVDANvidia's data-center capacity clears $89 billion as Vera Rubin enters full productionSep 5DEALSSBR declares USD 0.33168 monthly cash dividend, ex-date September 15Sep 5DEALSASO declares $0.15 quarterly cash dividend, payment set for October 14Sep 5EARNINGSKNOT Offshore Partners adds Hilda Knutsen and refinances $225 million as shuttle tanker supply falls short of demandSep 5GOOGLFairphone Gen 6+ arrives in the US at $650, betting repairability beats the upgrade cycleSep 5NVDAWoot puts refurbished Alienware Aurora 16 within reach at $927Sep 5NVDANvidia's Hugging Face acquisition plan sends Huang's net worth toward $200 billionSep 5

NewsMacro · AAPL

Magnificent Seven split in premarket as Dell's AI server demand lifts order book outlook

Dell Technologies jumped 8% in premarket after raising its annual sales forecast by $25 billion, citing high demand for AI-optimized servers, a throughput signal the market will carry into the Nvidia (NVDA) regular-session open. The Magnificent Seven split: Apple (AAPL) gained 0.2%, Alphabet (GOOGL) and Tesla (TSLA) each added 0.1%, while Microsoft (MSFT) fell 0.4%, Amazon (AMZN) and Meta each shed 0.2%, and Nvidia slipped 0.1%.

By Grant HalloranMacro DeskSeptember 2, 20262 min readAAPL ·AMZN ·GOOGL ·JPM ·MSFT ·NVDA ·TSLA

Dell Technologies rose 8% in premarket after raising its annual sales forecast by $25 billion on high demand for AI-optimized servers.
The Magnificent Seven were split: Apple, Alphabet and Tesla posted small gains while Microsoft, Amazon, Meta and Nvidia declined.
Nvidia slipped 0.1% despite Dell's AI server capacity signal, suggesting Dell's raised guidance was already priced in.
GitLab surged 21% on raising full-year revenue guidance above estimates, while MongoDB fell 12% because its Atlas product growth missed expectations despite an overall beat and raise.
Several stocks fell on earnings and downgrades, including Credo (-9%), FuelCell (-15%), G-III Apparel (-10%), Knife River (-2%), EyePoint (-3%) and Sprinklr (-2%).

The AI server order book read-through

Dell's $25 billion upward revision to its annual sales outlook, driven by AI-optimized server demand, frames the supply-chain setup for Nvidia heading into the open. NVDA held to a 0.1% decline despite the implied capacity signal, a response suggesting Dell's raised guidance was already priced into the stock.

GitLab surged 21% after raising its full-year revenue guidance above analyst estimates, a beat-and-raise the market received cleanly. MongoDB moved the other way. The company beat overall earnings estimates and raised its full-year forecast, yet shares fell 12% because growth in its Atlas product came in below what the street had set as the bar. The broader beat carried no weight once the key product line fell short.

Beats, misses, and downgrades across the tape

Credo Technology declined 9% even after posting a second-quarter revenue forecast that cleared estimates. The stock had already gained 44% this year, and the tape read the print as a sell event rather than a fresh catalyst. FuelCell tumbled 15% after third-quarter revenue missed analyst estimates. G-III Apparel fell 10% after second-quarter sales disappointed and the company issued a third-quarter revenue forecast below consensus, with both the near-term order line and the forward guidance failing to clear.

JPMorgan (JPM) analyst Adrian Huerta downgraded Knife River to underweight, pointing to a lack of expected growth in public funding for the company's primary market in Oregon. Shares slipped 2%. EyePoint fell 3% after TD Cowen cut its rating to hold, citing a difficult regulatory path following a clinical trial failure for an eye disease drug. Sprinklr edged down approximately 2% after second-quarter revenue came in slightly below expectations, a modest miss that arrives after a 55% rally from the stock's June low.

The Nvidia print at the regular open, read against Dell's $25 billion forward raise on AI server capacity, is the number to watch.

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Frequently asked

Why did Dell Technologies stock jump 8% in premarket?

Dell raised its annual sales forecast by $25 billion, citing high demand for AI-optimized servers.

Why did MongoDB shares fall despite beating earnings estimates?

MongoDB beat overall earnings and raised its full-year forecast, but shares fell 12% because growth in its Atlas product came in below what the street had set as the bar.

How did Nvidia react to Dell's raised guidance?

Nvidia slipped 0.1%, a response suggesting Dell's raised guidance on AI server capacity was already priced into the stock.

Why was Knife River downgraded?

JPMorgan analyst Adrian Huerta cut Knife River to underweight, citing a lack of expected growth in public funding for its primary market in Oregon, and shares slipped 2%.

Why did Credo Technology fall 9% even after a strong revenue forecast?

Although Credo posted a second-quarter revenue forecast above estimates, the stock had already gained 44% this year and the market treated the print as a sell event rather than a fresh catalyst.