24H | Intuitive Surgical Tumbles 11%; Netflix Falls 9%; SanDisk Corp. Slips 3%; SpaceX Declines 3%

US Overnight07-17

Dow Futures fell 0.21%, S&P 500 Futures fell 0.27%, Nasdaq Futures fell 0.48%, reflecting a risk-off tone amid tech weakness.

Intuitive Surgical fell 10.65%. Q2 results beat estimates, but management kept full-year guidance and cited China headwinds and an estimated 1.0% of revenue impact from tariffs.

Netflix fell 8.81%. Shares retreated after Q3 EPS guidance of $0.82 missed the $0.84 consensus, despite a marginal Q2 EPS beat and revenue near expectations.

SpaceX fell 3.14%. The move followed a last-second Starship test launch abort; Elon Musk said another attempt is likely early next week.

SanDisk Corp. fell 3.07%. Storage-cycle peak worries and competitive pressure from CXMT’s IPO extended sector selling.

Micron Technology fell 2.33%. The pullback came amid memory weakness despite announcing long-term automotive chip supply agreements.

Nebius fell 2.26%. The drop persisted despite a capacity boost from partner Bloom Energy’s $1.7 billion deal.

Marvell Technology fell 1.51%. Shares eased after filings showed CEO Matthew Murphy sold stock and reported RSU-related withholdings.

Chip stocks fell, with Direxion Daily Semiconductors Bull 3x Shares falling 1.75%, Intel falling 1.64%, ARM Holdings falling 1.53%.

Memory chip stocks fell, with Western Digital falling 2.10%, Roundhill Memory ETF falling 1.57%.

Among other individual movers, Tema Space Innovators ETF fell 2.24%, Dell Technologies Inc. fell 2.04%.

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