Market News for September 2, 2026
Every story Market Flux published on September 2, 2026.
- Market Flux Event
Argan Posts Record Q2 Revenue of $384 Million While Phreesia Shares Slip on EPS Miss
Argan, Inc. reported record second-quarter fiscal 2027 results on September 2, 2026, beating analyst forecasts and sending shares higher in after-hours trading. The power infrastructure…
- Market Flux Event
Broadcom CEO Projects AI Revenue Doubling to $115 Billion in 2027 and Again to $230 Billion in 2028
Broadcom reported fiscal third-quarter 2026 AI semiconductor revenue of $16.7 billion, up 221% year over year and 54% quarter over quarter, beating Wall Street expectations and building on…
- Most Active
GitLab Surges 21% After Q2 Beat but Analysts Warn Against Chasing the Rally
GitLab posted fiscal second-quarter 2027 revenue of $286.3 million, topping analyst expectations of $273 million and representing 21% year-over-year growth, driven by AI-related demand and…
- Most Active
Credo Technology Posts Record Q1 Revenue of $479M but Margin Outlook Sends Stock Down Nearly 20%
Credo Technology Group reported record Q1 fiscal 2027 revenue of $479 million, up 115% year over year and 10% sequentially, marking the company's seventh consecutive quarter of triple-digit…
- Top Story
Chevron to Invest $7 Billion in Venezuela Over Five Years Targeting 600,000 Barrels Per Day
Chevron announced Wednesday it has agreed with Venezuela on updated terms for its joint ventures in the country and plans to invest more than $7 billion over the next five years, with the…
- Top Mover
Palo Alto Networks Falls 10% After Earnings Beat as Organic Growth Questions and Valuation Weigh on Stock
Palo Alto Networks shares dropped as much as 10% to roughly $322 on September 2, marking the worst two-day selloff in 30 months, even as the company reported fiscal fourth-quarter results…
- Top Mover
Brown-Forman Q1 EPS Beats by a Penny but Revenue Misses as Tequila Slumps and Shares Rally 4.4%
Brown-Forman reported first-quarter fiscal 2027 results on September 2, with GAAP earnings per share of $0.38, beating analyst estimates by $0.01, while revenue of $911 million fell short…
- Market Flux Event
Elliott Builds Stake in Deutsche Telekom and Pushes to Kill 300 Billion Dollar T-Mobile Merger
Elliott Investment Management has built a sizeable stake in Deutsche Telekom and is pressing the German carrier to abandon its proposed full merger with T-Mobile US, Bloomberg News reported…
- Market Flux Event
Broadcom Stock Falls 5% as Disappointing Q4 Revenue Guidance Overshadows Record Q3 Beat
Broadcom shares dropped roughly 5% after the company reported fiscal third-quarter results that beat Wall Street estimates on both revenue and earnings, but issued fourth-quarter revenue…
- Market Flux Event
Broadcom Q3 AI Revenue Surges 221% to $16.7 Billion but Shares Slide on Q4 Guidance
Broadcom reported third-quarter fiscal 2026 results that topped Wall Street estimates across every major metric, driven by an extraordinary surge in artificial intelligence semiconductor…
- Market Flux Event
Snowflake Stock Soars After Q2 Earnings, Revenue and Raised Annual Guidance All Top Estimates
Snowflake shares surged in after-hours trading on September 2 after the cloud data company reported fiscal second-quarter 2027 results that beat Wall Street estimates across earnings…
- Unusual Volume
Brown-Forman Q1 Earnings Beat on EPS but Sales Miss as Tequila Slumps and Full-Year Profit Outlook Contracts
Brown-Forman reported fiscal first-quarter 2027 results on September 2 that offered a mixed picture: GAAP earnings per share of $0.38 beat analyst estimates by $0.01, while revenue of $911…
- Unusual Volume
Brown-Forman Q1 EPS Beats but Sales Miss as Tequila Slumps and Spirits Market Stays Sluggish
Brown-Forman reported first-quarter fiscal 2027 results on September 2, posting GAAP earnings per share of $0.38, beating analyst estimates by $0.01, while revenue of $911 million fell…
- Market Flux Event
Proofpoint in Advanced Talks to Acquire Cybersecurity Firm Varonis Systems in roughly $5 Billion Deal
Thoma Bravo-owned Proofpoint is in advanced talks to acquire Varonis Systems, a publicly traded cybersecurity company with a market value of around $5 billion, according to sources familiar…
- Top Story
US Crude Hits $90 as Iran Strikes Kuwait, Jordan and Bahrain in Retaliation, EIA Reports 4.5 Million-Barrel Inventory Draw
U.S. crude oil futures hit $90 per barrel Wednesday as Iran retaliated against American strikes by launching drone and missile attacks on Kuwait, Jordan and Bahrain, all U.S. allies…
- Market Flux Event
Trump Says US Iran Campaign Won't Last Much Longer After Striking Mine-Rocket Program
President Trump said on September 2 that the renewed U.S. military campaign against Iran will not continue for much longer, while also signaling he is prepared to order additional strikes…
- Market Flux Event
New York City Bans Student AI Use in Public Schools Through 8th Grade for One Year
New York City is imposing a one-year moratorium on student-facing artificial intelligence tools in its public schools, barring their use from preschool through eighth grade and covering…
- Unusual Volume
Palo Alto Networks Falls 8% After Earnings Beat as Investors Question Organic Growth and Valuation
Palo Alto Networks shares dropped roughly 8% on September 2 to around $332.30, marking the worst two-day decline in two and a half years and slipping below the 50-day moving average, even…
- Unusual Volume
FuelCell Energy Stock Drops 13% After Q3 Revenue Falls 29% and Loss Widens Beyond Estimates
FuelCell Energy reported fiscal third-quarter 2026 results before the open on September 2, sending shares down roughly 13% to $14.90 in early Wednesday trading. Revenue came in at $33…
- Market Flux Event
Palo Alto Networks Stock Suffers Worst 2-Day Sell-Off in 30 Months After Q4 Earnings Despite 34% Revenue Growth
Palo Alto Networks shares dropped roughly 8% on September 2 to around $332.30, falling below their 50-day moving average and marking the worst two-day decline in two and a half years, even…
- Market Flux Event
NY Fed's Williams Calls Rising Bond Yields a Sign of Economic Strength, Not Inflation Fear
New York Federal Reserve President John Williams, appearing on CNBC's Squawk Box on September 2, attributed the surge in long-term bond yields to a strong U.S. economy rather than inflation…
- Market Flux Event
Dell Shares Surge Nearly 10% After Record AI Server Backlog Reaches $95 Billion and Full-Year Guidance Raised to $192 Billion
Dell Technologies posted a blockbuster fiscal second quarter, sending its shares up nearly 10% on Wednesday as surging AI infrastructure demand drove results far above expectations. The…
- Market Flux Event
Wall Street Analysts Flag Momentum Picks and Mixed Signals Across S&P 500 Stocks Heading Into September
As investors looked for direction heading into September 2026, a cluster of analyst notes and stock screens pointed to selective opportunities and cautionary cases across several market…
- Market Flux Event
NVIDIA Surges on Record $96.2B Quarter as MongoDB Crashes 15% and Salesforce Beats Estimates
Wednesday's session was dominated by a wave of earnings-driven moves, with NVIDIA leading the way higher after its fiscal second-quarter results far exceeded expectations. The chipmaker…
- Market Flux Event
Global Bond Selloff Pushes Yields to Decade Highs as Growth and Inflation Fears Collide
A broad selloff in global bond markets has driven yields to their highest levels in nearly two decades, with the 10-year U.S. Treasury yield rising to around 4.81% and Japan's 10-year yield…
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- Market Flux Event
Chevron Commits $7 Billion to Double Venezuela Oil Output to 600,000 Barrels Per Day
Chevron announced Wednesday it will invest more than $7 billion over the next five years through its Venezuelan joint ventures, with a goal of more than doubling production from current…
- Market Flux Event
US Crude Hits $90 as Iran Strikes Kuwait, Jordan and Bahrain in Retaliation, EIA Reports 4.5 Million-Barrel Inventory Draw
U.S. crude oil futures hit $90 per barrel Wednesday as Iran retaliated against American strikes by launching drone and missile attacks on Kuwait, Jordan and Bahrain, all U.S. allies…
- Market Flux Event
Judge Rejects DOJ Bid to Force Google to Sell AdX Ad Exchange, Orders Behavioral Remedies Instead
U.S. District Judge Leonie Brinkema in Alexandria, Virginia, rejected the Justice Department's demand that Google sell its AdX online advertising exchange, handing Alphabet a significant…
- Unusual Volume
GitLab Shares Surge Up to 23% After Q2 Revenue Beat and Record Bookings
GitLab reported fiscal second-quarter 2027 revenue of $286.3 million, up 21% year-over-year and well above the $273 million analysts had expected, driving shares up more than 20% in…
- Unusual Volume
UBS Launches $8 Billion Debt Tender Offer and Issues Broad Wave of Analyst Actions
UBS Group AG launched tender offers to buy back up to $8 billion in its own outstanding debt, the bank's most significant corporate finance move of the day and a signal of balance sheet…
- Market Flux Event
US-Iran Military Escalation Drives Oil to Five-Week High and Sends Treasury Yields to Near Three-Year Peak
Renewed U.S. airstrikes on Iran have rattled global financial markets, pushing oil prices sharply higher and driving bond yields to multi-year highs across major economies. Brent crude rose…
- Market Flux Event
US 10-Year Treasury Yield Hits Highest Since 2023 as Global Bond Rout Deepens on Inflation Fears
The yield on the 10-year US Treasury note climbed to 4.814%, its highest level since November 2023, as a broad global bond sell-off intensified on Wednesday, September 2, driven by mounting…
- Market Flux Event
Dell Surges on Record 58% Revenue Jump While MongoDB Tumbles Despite Earnings Beat in Busy Premarket Session
A wave of after-hours earnings reports set the stage for sharp premarket moves on September 2, 2026, with Dell Technologies and Hewlett Packard Enterprise rising sharply while MongoDB fell…
- Unusual Volume
Dell Surges 16% After Record Q2 Revenue Jumps 58% and Full-Year Guidance Raised by $25 Billion on AI Server Boom
Dell Technologies delivered what many analysts called the quarter of the year, reporting record revenue of $46.97 billion for its fiscal second quarter ended July 2026, a 57.8% increase…
- Market Flux Event
Two Tankers Hit Hormuz Mines as US and Iran Trade Strikes, Brent Nears $100
The United States and Iran exchanged fresh military strikes overnight Tuesday, deepening a six-month-old conflict that has kept the Strait of Hormuz in turmoil and is now pushing Brent…
- Market Flux Event
Chevron to Invest $7 Billion in Venezuela Over Five Years Targeting 600,000 Barrels Per Day
Chevron announced Wednesday it has agreed with Venezuela on updated terms for its joint ventures in the country and plans to invest more than $7 billion over the next five years, with the…
- Market Flux Event
Oil Surges and European Gas Hits Three-Year High as US-Iran Strikes Derail Hormuz Deal Hopes
Oil prices extended gains and WTI crude reached overbought territory after the United States and Iran exchanged fresh strikes overnight, sharply dimming prospects for a near-term agreement…
- Market Flux Event
BP Makes Ian Tyler Permanent Chairman After Firing Albert Manifold Over Governance Concerns
BP has appointed Ian Tyler as its permanent chairman with immediate effect, confirming the role he had held on an interim basis since May 2026. Tyler, a former chief executive of building…