Airbnb surges 15% on raised outlook while Trade Desk sinks 22%
As seen on the 24/7 Wall St. homepage on August 7, 2026.
Earnings split the session at the close: Airbnb's raised revenue outlook lifted it 15.1% while Trade Desk lost nearly a quarter of its value. Travel, optics and AI names carried the session; ad tech and crypto miners absorbed the damage.
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Airbnb closed at $174.56, its raised revenue outlook giving bulls exactly the catalyst they needed for a 15.1% single-session gain. On the other end of the ledger, Trade Desk (TTD) shed nearly a quarter of its value, closing at $13.83 — a 21.76% drop that made it the session's most dramatic casualty and dragged the broader ad-tech space lower with it.
The winners away from Airbnb were clustered in AI and optics. SoundHound AI added 12.92% to close at $8.00, Coherent gained 12.82% to $377.06, Tempus AI rose 11.23% to $51.30, and Navitas Semiconductor rounded out the top five with a 10.52% advance to $13.71. The common thread across those four names is exposure to the AI infrastructure buildout, which continued to attract buyers even as other corners of the market sold off.
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Crypto miners were the other pocket of notable weakness. Marathon Digital fell 6.24% to $9.99 and Cipher Mining dropped 5.93% to $17.13, extending a rough stretch for the sector. Monster Beverage also slipped 3.78% to $90.60, while SanDisk shed 2.8% to close at $1,223.34, suggesting the session's pain was not limited to any single theme on the losing side.