LYFT TEAMS UP WITH WAYMO & CHINA SAY ITS NEEDS NVIDIA NO MORE

1. General Mills (GIS)

News:

What it Means / Reaction:

Even though it beat on earnings & sales estimates, stock is not flying high — because falling revenue + declining demand suggest challenges ahead. GIS is doing enough to beat expectations, but it’s probably not growing strongly.
It reaffirmed its full-year guidance, showing management believes they can hold steady despite weakness.

2. Lyft / Waymo – Robotaxi Moves

News:

Waymo (Alphabet’s autonomous driving arm) will launch robotaxi service in Nashville in 2026, via a partnership with Lyft. First via the Waymo app, then Lyft app integration later.
Lyft will manage fleet operations, charging, maintenance etc. to support this deployment.

What it Means / Reaction:

Lyft stock jumped ~14% on this news.
This is seen as a big move for Lyft, which has lagged Uber & others in autonomous vehicle (AV) story. It’s a signal that robotaxis are stepping from pilots to more serious deployment.

3. Workday (WDAY)

News:

Activist investor Elliott Management disclosed a stake of over $2 billion in Workday.
Workday approved expanding its share buyback program: additional ~$4 billion, bringing total planned repurchases to ~$5 billion through fiscal year 2027.
Workday also acquired an AI startup (Sana) for ~$1.1B as part of its AI+software strategy.

What it Means / Reaction:

Shares jumped ~8% following these announcements.
The combinations of investor confidence (via Elliott), buyback (which tends to boost share value / signal confidence), and AI acquisitions are generally positive signals.

4. Nvidia (NVDA) – China Chip Ban Fears

News:

China’s regulator (CAC) reportedly instructed major Chinese tech firms (like Alibaba, ByteDance) to stop testing / buying Nvidia’s RTX Pro 6000D chips, and cancel existing orders.
The news led to a drop in Nvidia stock; concerns that Chinese demand / business could decline.

What it Means / Reaction:

This is part of geopolitical & trade risk in tech. Losing access (or having it restricted) to big markets is always a worry.
Some analysts believe it may be more political/regulatory posture than structural permanent damage; others are more cautious.

🕹 Dave & Buster’s (PLAY) – Q2 Miss & Market Hit

What the Earnings Say

EPS (adjusted): $0.40 per share, way below expectations (analyst guesses were ~$0.90-$0.95).
Revenue: ~$557.4 million — flat year-over-year; missed estimates by a few million.
Comparable store sales: Down ~3% YoY, meaning existing locations made less than they did a year ago.
Margins & Other Metrics: Adjusted EBITDA dropped. Operating margin fell (from high-teens the prior year to much lower this quarter).

How the Market Reacted

Stock plunged ~15-17% after hours / in early trading when the numbers dropped.
The drop came because investors were expecting stronger performance and margin improvement; instead, they got flat revenue + weaker store comps + margin compression.

🔍 Bigger Context & Why It Matters

Ties into inflation, Fed rate expectations, and consumer behavior:

Cost pressures & inflation: D&B says inflation + tariffs are squeezing costs. They warned that raising prices too much could hurt demand. That’s a classic challenge when consumers are stretched.
Consumer spending softness: When people tighten budgets (due to rate hikes, inflation, or weaker wage growth), discretionary / experiential businesses like D&B suffer. Fewer visits, less spending per visit. The drop in same-store sales reflects that.
Interest rates / Fed cut bets: Weak performance like this adds fuel to narratives that rate cuts may be needed if more companies show demand softness. Investors may begin pricing in risks for companies with high fixed costs + discretionary exposure.

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