Shopify Jumps 20% While SpaceX Drops 10% and AMD Falls 6.5% at US Open

US indices open higher as Shopify surges on strong Q2 revenue. Conversely, SpaceX and AMD decline sharply following earnings reports that highlighted spending concerns or missed guidance expectations.

Woofun AI reports that major US stock indices opened with modest gains, led by a 0.67% rise in the Dow Jones, a 0.64% increase in the S&P 500, and a 0.42% climb in the Nasdaq Composite. Shopify shares surged 20% after the e-commerce platform delivered second-quarter revenue that exceeded market projections.

In contrast, SpaceX stock fell 10% at the open as its initial post-IPO earnings revealed narrowing AI-related losses but spending levels higher than anticipated. AMD shares declined 6.5% after the company issued third-quarter revenue guidance that failed to meet Wall Street's most optimistic forecasts.