Tuesday's market saw significant stock movements, with GE Vernova and Oracle among the key players. The article highlights various companies experiencing notable gains, such as Sea Limited and NIQ Global Intelligence, as well as declines for others like Oracle and On Holding, providing a detailed breakdown of mega-cap, large-cap, mid-cap, and small-cap movers.

SPX Technologies (SPXC) reported a strong second quarter in 2026, with sales of US$679 million and net income of US$78.4 million, leading to an increase in quarterly and first-half earnings per share. The company subsequently raised its full-year 2026 revenue guidance to between US$2.71 billion and US$2.77 billion, indicating positive business momentum. This improved outlook is driven by investments in HVAC and data center cooling capacity, though investors should be aware of potential revenue concentration risks in North American construction and infrastructure.

Oracle Corp (ORCL) saw its stock price decline by 3.69% due to investor concerns over its leveraged balance sheet, negative free cash flow, and aggressive capital expenditures for AI expansion. The negative sentiment was compounded by institutional stake reductions and insider stock sales, despite the company's recent partnerships in generative AI. Technical indicators also suggested a shift towards profit-taking, with the stock facing resistance near key moving averages.

Algorhythm Holdings (NASDAQ:RIME) announced it will release its financial results for the second quarter ended June 30, 2026, on Friday, August 14, 2026. The AI-powered logistics solutions provider shared this information from Fort Lauderdale, Florida. Prior comparable earnings-date events for the company have averaged a 15.12% stock movement.

The Gross Law Firm has issued a notice to Microsoft Corporation (NASDAQ: MSFT) shareholders regarding a pending class action lawsuit. The lawsuit alleges that Microsoft made false and misleading statements concerning its Copilot products and AI model performance, leading to a failure in converting Microsoft 365 users to paid Copilot subscriptions. Shareholders who purchased MSFT shares between May 1, 2025, and January 28, 2026, are encouraged to contact the firm to discuss lead plaintiff appointment, with a deadline of August 11, 2026.

Rekor Systems, Inc. announced it has been selected by the South Carolina Department of Transportation (SCDOT) for a statewide traffic monitoring contract. This seven-year contract has a potential value exceeding $22 million and involves Rekor maintaining, upgrading, and modernizing SCDOT's traffic and weigh-in-motion sites using roadside systems. The agreement allows for cooperative purchasing by local South Carolina agencies, potentially increasing its total value.

A recent Gartner survey reveals that while 93% of audit leaders use AI, only 38% have a defined AI strategy. The survey, conducted in 2026 among 743 audit professionals, indicates that AI applications in internal audit primarily focus on isolated tasks like engagement preplanning and drafting issues, rather than strategic transformations or comprehensive audit testing. This suggests a high adoption rate but a lack of strategic integration, hindering AI's full potential to deliver better strategic insights and transform audit processes.

Verizon Frontline has been instrumental in providing critical communications for America 250 celebrations, partnering with over 40 public safety agencies across 16 states. The Verizon Frontline Crisis Response Team, comprising former public safety and military personnel, ensures reliable and secure network access for first responders during high-profile events. This collaboration highlights Verizon's commitment to empowering public safety agencies with robust communication capabilities.

Teledyne Technologies announced it has agreed to acquire Varex Imaging for approximately $1.1 billion, a move that will significantly increase Teledyne's presence in the healthcare market. Varex specializes in X-ray imaging components for medical and industrial applications, complementing Teledyne's existing digital imaging technologies with minimal overlap. The acquisition is expected to close early next year, pending regulatory approvals.

Fort Technology Inc. (FRTT) stock surged by 50.46% following news of a major AI breakthrough, attracting significant day-trader interest despite the company's negative returns and speculative valuation. The stock experienced extreme intraday volatility, spiking above $3 before falling back, while also showing a steady upward trend over the past few weeks. Traders are now watching to see if FRTT can establish $1 as a new support level, emphasizing that its movements are driven by trading psychology rather than fundamental value.