SpaceX Falls After First Earnings, AMD Drops Despite Data Center Growth

Market update for Wednesday August 5, 2026Check out the Public app for incredible investing tools and to support the show (LINK)Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.In today’s episode, Zaid covers:Stocks hit new records as the AI trade makes a massive comebackSpaceX reports earnings for the first time as a public company, revealing a huge AI infrastructure spending AMD delivers a strong earnings report with booming AI demand, but investors punish the stock after expecting even more.Shopify surges after a monster quarter, while Uber faces questions about growth, competition, and the future of robotaxis.MySpace tries to make a comeback nearly two decades after losing the social media battle to Facebook.