According to Woofun AI, major U.S. stock indices showed mixed performance on Tuesday, with the Dow Jones Industrial Average rising 1.02%, the S&P 500 gaining 0.28%, and the Nasdaq slipping 0.02%.
Against this macro backdrop, share price movements in five tech giants — SpaceX (SPCX.US), Netflix (NFLX.US), Super Micro Computer (SMCI.US), Tesla (TSLA.US), and Meta (META.US) — became the market's central focus, as their earnings data and strategic moves reshape investor expectations.
SpaceX (SPCX.US) traded in a range of $143.27 to $148.66 during regular hours, ultimately closing down 0.11% at $147.79, with a 52-week range of $104.83 to $225.64. However, after-hours trading saw a dramatic reversal, with the stock surging 8.06% to $159.70.
This movement stemmed from its released third-quarter earnings: revenue reached $14.58 billion, a year-over-year surge of 161%, far exceeding analysts' estimate of $12.74 billion; earnings per share came in at 35 cents, also above the 12-cent expectation. According to data compiled by Woofun AI, the superintelligence business segment was the growth engine, with revenue skyrocketing 830% to $7.6 billion; meanwhile, Starlink user numbers grew to 13.6 million, driving connectivity business revenue up 69% to $5.2 billion.
At the same time, Tesla (TSLA.US) shares rose 1.54% to $373.71, fluctuating between $363.64 and $377.59 during the session, with a 52-week range of $297.38 to $498.82, and gained another 1.8% after hours to $380.45.
Elon Musk revealed that, at shareholders' request, SpaceX and Tesla have each established special committees to explore a merger, aimed at integrating synergies in artificial intelligence, robotics, chip design, and the Starlink arena. Although Elon Musk supports the concept, he emphasized that a merger would require shareholder approval, including consent from holders of at least 50% of Tesla shares, and that specific terms have not yet been agreed upon, leaving the deal's prospects uncertain.
Netflix (NFLX.US) shares fell 1.66% to $68.69, with intraday highs and lows of $70.66 and $68.20 respectively, and a 52-week range of $65.10 to $124.86, then dropping a further 5.78% after hours to $64.72.
Its third-quarter revenue was $12.874 billion, up 12% year-over-year, slightly below analysts' estimate of $12.876 billion; earnings per share were 87 cents, above the expected 82 cents. However, the market is concerned about its forward guidance: fourth-quarter revenue is expected at $13.442 billion with earnings per share of 67 cents, both below Wall Street's estimates of $13.517 billion and 73 cents; full-year revenue is projected at $51.1 billion.
In contrast, Super Micro Computer (SMCI.US) shares rose 1.15% to $32.47, fluctuating between $30.92 and $33.17 during the session, with a 52-week range of $19.49 to $55.35, and surged 15.64% after hours to $37.55.
Driven by strong demand for AI platforms, Super Micro Computer significantly raised its fiscal 2027 first-quarter revenue guidance from $14.5 billion to $15.5 billion up to $18.5 billion to $19.5 billion, and lifted its gross margin forecast from 10.4% to 10.8% up to 12% to 12.5%. This positive forecast was made ahead of its full earnings report scheduled for release on November 3, indicating continued market optimism about AI infrastructure demand.
Meta (META.US) shares fell 1.59% to $694.25, with intraday highs and lows of $696.51 and $681.05, and a 52-week range of $520.26 to $779.82.
The market expects third-quarter revenue of $63.36 billion, up 23.7% year-over-year, but earnings per share are expected to drop from $7.25 in the same period last year to $5.89, with the earnings report due after the close on Wednesday. Despite second-quarter results missing expectations and investors closely watching the AI business profit model, advertising business development, and rising costs, analysts remain bullish on the company led by Mark Zuckerberg in the AI space, particularly its launched Muse assistant.
This indicates that even amid short-term financial pressures, the long-term strategic positioning of tech giants in AI remains a key variable supporting their valuations, and the market is reassessing these companies' true potential in their intelligent transformation.
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