Aug 14, 2026 · 7 min
Reddit rallies as Applied Materials stumbles on strong results
Applied Materials Sinks; Reddit Rally; Gemini Lower
The episode shows how earnings, tariffs, index mechanics, and unexpected losses can move stocks beyond their underlying headlines.
- 1Applied Materials shares fell despite an earnings beat and raised outlook after a strong year-to-date rally.
- 2U.S. drone stocks surged after a new 100% tariff on imported drones reshaped expectations for domestic manufacturers and suppliers.
- 3Reddit rallied ahead of S&P 500 inclusion, while Gemini Space Station declined after its fourth consecutive quarterly loss.
Don't miss
Reddit’s premarket surge ahead of S&P 500 inclusion captures how passive-fund demand can move a stock before the index change takes effect.
The brief
Applied Materials beat earnings expectations and raised its outlook, yet shares fell in premarket trading after a strong year-to-date rally exposed higher expectations.
A new 100% tariff on imported drones sent U.S. manufacturers and parts suppliers including Unusual Machines and Red Cat higher in premarket trading.
Reddit emerged as the biggest premarket gainer ahead of its S&P 500 inclusion, illustrating how passive-fund buying can amplify a stock’s move.
Gemini Space Station shares declined after the crypto platform reported its fourth consecutive quarterly loss, with results worse than Wall Street expected.
The episode then turns to smarter cities, previewing how AI and long-term planning could help urban infrastructure keep pace with rapid population growth.
What was said on this episode
10 statements · 8 positive · 1 negative · 1 neutral
The 100% drone tariff doubles import costs.
“that basically doubles the cost of importing drones from foreigners”
Listen at 2:22
The drone tariff is driving U.S. drone makers and parts suppliers higher.
“that has U.S. drone makers and companies that also make drone parts surging in the pre-market”
Listen at 2:27
Unusual Machines shares rose 175% over the prior year.
“this company is adding to its 175% rally over the last year”
Listen at 2:56
Reddit is scheduled to join the S&P 500 before Tuesday’s open.
“the company is set to join the S&P 500 before trading opens on Tuesday”
Listen at 3:23
S&P 500 inclusion requires index-tracking funds to buy Reddit shares.
“The inclusion is important as it means funds that track the S&P 500 will need to buy shares.”
Listen at 3:27
Reddit shares gained 365% from their early-2024 IPO.
“the stock had rallied 365% from its IPO in early 2024”
Listen at 3:39
Reddit has a market capitalization of about $30 billion.
“with a market cap about $30 billion”
Listen at 3:46
Dubai learned substantially from its sudden population increase.
“Dubai has learned a lot from a sudden increase in population”
Listen at 5:42
Dubai responded very effectively to its population increase.
“they reacted very well to it”
Listen at 5:48
Dubai has a long-term urban-planning vision.
“They have a long-term urban planning vision”
Listen at 5:50
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Applied Materials
Unusual Machines
Red CatBooks & mentions
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