Tech stocks fall sharply as China’s DeepSeek sows doubts about AI spending

Social Security is vital for most retirees, with 86% relying on it as a significant source of income, yet the program faces a $25.1 trillion funding deficit over the next 75 years. Without reforms, retirees could face benefit cuts of up to 23% by 2033, jeopardizing their financial stability. Want More Context? 🔎

Adient (NYSE:ADNT), a global leader in automotive seating systems, reported fiscal Q3 2025 earnings on August 6, revealing revenue of $3.74 billion, exceeding expectations but with adjusted EPS of $0.45 falling short of the $0.47 estimate. Despite improved profitability and effective tariff management, a $333 million goodwill impairment in the EMEA region highlighted ongoing challenges in Europe. Want More Context? 🔎

Coupang (NYSE:CPNG) reported Q2 2025 GAAP revenue of $8.5 billion, surpassing forecasts, but diluted earnings per share of $0.02 fell short of the $0.07 estimate. Despite strong growth in its Product Commerce segment and increased customer engagement, the company noted lower free cash flow due to capital expenditure timing and working capital fluctuations. Want More Context? 🔎

In July, MP Materials (NYSE: MP) experienced a remarkable stock surge of 84.9%, contributing to an impressive 338% increase year-to-date, driven by a transformative partnership with the U.S. Department of Defense that significantly alters the company's investment landscape. Want More Context? 🔎

OneSpan (NASDAQ:OSPN), a provider of digital identity and authentication solutions, reported Q2 fiscal 2025 earnings on August 5, beating Wall Street expectations with non-GAAP EPS of $0.34 and GAAP revenue of $59.8 million, despite a 2% year-over-year decline in total revenue. The company demonstrated improved profitability driven by higher gross margins and a focus on subscription-based revenue, reflecting a shift towards a more sustainable business model. Want More Context? 🔎

Roblox (NYSE: RBLX) is a popular metaverse gaming platform for children and teenagers, launched in 2004, which went public in March 2021 with an IPO price of $45. The stock has experienced significant volatility, peaking at $134 in November 2021 before dropping to $27 in June 2022, but has since rebounded over 250% in the past year, nearing its all-time high as of August 4, despite a key red flag for investors. Want More Context?...