Thomas Shelter

Thomas Shelter has been a keen follower of US politics for over two decades. His reporting for Congress.net primarily focuses on legislation, party politics, and business news.

Quantinuum (QNT) Surges Toward Record High After Beating Estimates In Debut Earnings Report

Quantinuum (QNT) is on track for a record stock price after delivering a stronger-than-expected first quarterly earnings report as a publicly traded company. Shares of QNT jumped more than 21% following the release, signaling strong investor confidence in the quantum computing firm’s early public market performance. The company topped analyst estimates across key financial metrics,…

Read More

Oklo (OKLO) And AST SpaceMobile (ASTS) Offer Starkly Different Paths Into The AI Infrastructure Trade

Oklo (NYSE: OKLO) and AST SpaceMobile (NASDAQ: ASTS) each reported quarterly results that revealed just how different early-stage infrastructure bets can look in practice. Oklo posted its first-ever quarterly revenue of $1.21 million, while AST SpaceMobile recorded $31.52 million alongside a nine-figure launch-related loss. Both companies are building the infrastructure the AI era increasingly demands,…

Read More

RTX (RTX) Stands Out As A Buy While BBCP And AMN Face Mounting Pressure

Investors navigating today’s market face a difficult task: separating genuinely strong businesses from stocks that simply carry expensive valuations without the fundamentals to back them up. The gap between quality companies and overpriced ones is widening quickly, making stock selection more critical than ever for portfolio performance this year. Raytheon (NYSE: RTX), originally focused on…

Read More

Tencent (TCEHY) Reports 11% Revenue Jump As AI Spending Drains Free Cash Flow

Tencent Holdings reported an 11% rise in second-quarter revenue on Wednesday, fueled by strong advertising sales and steady contributions from its gaming division. The Shenzhen-based technology giant posted revenue of 204.8 billion yuan, equivalent to approximately $30.36 billion, for the three months ended June. That figure came in ahead of analyst estimates of 202.2 billion…

Read More

ASTS Rallies On Q2 Results While Cathie Wood Backs RKLB With $23 Million Purchase

AST SpaceMobile (ASTS) shares climbed 4% following its second-quarter earnings report, even as the company missed revenue estimates and widened its per-share loss. Rocket Lab (RKLB), despite delivering record revenue and above-consensus guidance, saw its shares edge lower after results, drawing a significant buy from ARK Investment Management. Rocket Lab posted Q2 revenue surging 62%…

Read More

Super Micro Computer (SMCI) Stock Surges After Earnings Beat And Blockbuster Guidance

Super Micro Computer Inc. (SMCI) is climbing back into Wall Street’s favor after delivering a strong fourth-quarter earnings performance that sent shares sharply higher in extended trading. The data center server maker reported fourth-quarter adjusted earnings per share of $1.70, comfortably beating the analyst consensus estimate of $1.59 per share. Revenue for the quarter came…

Read More

AST SpaceMobile (ASTS) Targets $1 Billion Revenue As SpaceX (SPCX) Continues Launching BlueBird Satellites

AST SpaceMobile (NASDAQ: ASTS) is edging closer to full commercial operations as its BlueBird satellite constellation grows steadily larger in orbit. SpaceX (NASDAQ: SPCX) has now launched six of AST SpaceMobile’s BlueBird satellites in 2026, including BlueBirds 8 through 10 in June and BlueBirds 11 through 13 on August 5. The latest Falcon 9 mission…

Read More

CoreWeave (CRWV) Stock Surges After Blowout Earnings Signal Accelerating AI Demand

CoreWeave shares jumped in after-hours trading Tuesday after the AI cloud infrastructure company posted second-quarter results that topped analyst expectations on both revenue and earnings. Revenue surged 112% year-over-year to $2.58 billion, exceeding the $2.56 billion analysts had forecast, while the adjusted loss per share came in at $1.03 against an expected loss of $1.20….

Read More