Uber, CoreWeave, Samsung, Porsche and Entain

Shares in ride-hailing company Uber (UBER) rose 3.3% in Monday's session, closing at an all-time high of $96.68 per share, despite US markets falling more broadly.

The stock is up more than 60% year-to-date, versus a gain of nearly 6% in the S&P 500 (^GSPC) in that time.

Jonathan Boyar, president of Boyar Research, told Yahoo Finance on Monday that he believed Uber was one of three stocks that may have “more room to run this year“.

He said that “one of the things that I think is helping the stock is how muted of a response the robo taxi event Tesla had in Austin was. Investors are finally starting to realise that … autonomous vehicles is a beneficiary, not a threat and we think they'll continue to do so.”

Shares in CoreWeave fell 3.3% in Monday's session, after the AI computing giant said it would acquire data centre provider Core Scientific (CORZ) in an all-stock transaction valued at $9bn (£6.6bn).

CoreWeave said that through this acquisition it would own approximately 1.3 gigawatts of gross power across Core Scientific's national data centre footprint, with an incremental 1 gigawatt of potential gross power available for expansion.

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“Verticalising the ownership of Core Scientific’s high-performance data centre infrastructure enables CoreWeave to significantly enhance operating efficiency and de-risk our future expansion, solidifying our growth trajectory,” CoreWeave CEO and chairman Michael Intrator said in a release.

The transaction is expected to close in the fourth quarter of 2025, subject to approvals.

The deal is also set to eliminate $10bn or more in future overhead from leasing costs for sites CoreWeave currently contracts from Core Scientific while bringing in approximately $1.6bn in assets, CoreWeave said in an investor presentation outlining deal specifics.

In Asia, shares in Samsung Electronics (005930.KS) closed Tuesday's session just below the flatline, after the company flagged that it expected sales and operating profits to fall in the second quarter.

The South Korea-listed firm said it expected consolidated sales to come in at approximately 74 trillion Korean won (£39.7bn) in the second quarter, which would be down from 79.14 trillion won in the first quarter and about in line with the 74.07 trillion won it reported for the same period last year.

Meanwhile, consolidated operating profits are anticipated to come in at around 4.6 trillion won, which would also be lower than the 6.69 trillion won reported in the first quarter and the 10.44 trillion won Samsung posted in Q2 last year.

Samsung Electronics is due to report its second quarter earnings on 31 July.

German luxury car brand Porsche (P911.DE) on Tuesday reported a 6% fall in global sales in the first half of the year.

The biggest falls came from a 28% drop in deliveries in China and a 23% decline in sales on its home soil, while sales across the rest of Europe were down 8%. Deliveries in North America, however, grew 10%.

Porsche said it had significantly increased its share of EVs sold in the first half of 2025, with full EVs and hybrids accounting for 36.1% of deliveries between January and June.

Shares in Porsche hovered around the flatline on Tuesday morning but are down nearly 28% year-to-date.

Victoria Scholar, head of investment at Interactive Investor, said: “Echoing what its rival Mercedez-Benz said on Monday, car sales have had a tough few months as Trump’s tariff uncertainty takes its toll. Stiff competition from rivals globally like BYD in China and Tesla in the US is another major headwind.

“The green energy transition has been muddied this year by the US administration which is focusing on ‘drill, baby, drill’ instead.”

On the London market, gambling company Entain was one of the biggest risers on the FTSE 100 (^FTSE) on Tuesday morning, with shares jumping 3.5%.

Richard Hunter, head of markets at Interactive Investor, said: “Entain was an early feature after a broker upgrade which leaves the shares up by more than 36% this year alone.

“The group’s gamble to conquer overseas markets in addition to its core UK offering is showing signs of paying off, with potentially the largest target of all exhibiting particular promise. Its joint venture with BetMGM has recently become earnings positive, although it has been a tough slog for the group to get to this stage, where promotional investment has been something of a necessary headwind.”

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