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(VIDEO) Spurs Show Resilience After Blowing Record 29-Point Lead in Game 4 NBA Finals Loss

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The NFL logo appears on a goal post before the 2015 NFC Championship game between the Seattle Seahawks and the Green Bay Packers at CenturyLink Field in Seattle Jan. 18, 2015.

NEW YORK — The San Antonio Spurs refused to waver in the face of a devastating collapse, with Victor Wembanyama and his young teammates vowing to learn from a historic 29-point meltdown in Game 4 of the 2026 NBA Finals against the New York Knicks.

The Spurs led by as many as 29 points but fell 107-106 on OG Anunoby’s tip-in with 1.2 seconds left, dropping to a 3-1 series deficit. The loss marked the largest comeback in NBA Finals history, surpassing the previous mark of 24 points set by Boston in 2008.

Despite the painful defeat at Madison Square Garden, the Spurs emphasized unity and determination heading into Game 5 on Saturday in San Antonio. “What’s going through my mind right now? I think it’s going to go one of two ways: a bad one and a good one,” Wembanyama said. “The bad one would be giving up. The good one would be getting stronger through this, getting more together. I know this is what we’re going to do.”

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The Spurs built a commanding 81-52 lead in the third quarter behind hot three-point shooting and strong interior play. They led by 27 points at halftime, the largest halftime advantage by a visiting team in Finals history. However, San Antonio managed just 30 points in the second half on 8-for-39 shooting with 10 turnovers.

“We went away from everything we were doing,” rookie guard Dylan Harper said. “In the first half, a lot of tough shots went in. Really, that was because we were playing the right way. We got away from that in the second half because of the lead. We just can’t take our foot off the gas.”

Game 4 Collapse Details

The Spurs opened with a 12-2 run and extended the lead to 41-22 after the first quarter. They shot 11-for-16 from three-point range in the first half, setting a Finals record for most threes in a half. Wembanyama, De’Aaron Fox, Devin Vassell and Harper combined for 59 points by intermission.

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New York mounted a comeback with a 13-0 run in the third quarter, cutting the deficit to 15 points entering the fourth. The Knicks outscored the Spurs 32-16 in the final period to complete the rally.

Jalen Brunson led the Knicks with 36 points, while Anunoby finished with 33 and delivered the game-winner. Wembanyama posted 24 points and 13 rebounds but shot 9-for-25 from the field. Dylan Harper scored 21 points for San Antonio, with Fox and Vassell each adding 18.

Coach Mitch Johnson expressed disappointment in the second-half execution. “We got on our heels — we missed some shots. It’s disappointing, to say the least.”

Wembanyama played 44 minutes in the loss, logging heavy minutes even with a large lead. “Yeah, I guess I did,” he said when asked if he wore down. Johnson explained the decision: “He had a few more minutes tonight because we were trying to put the game away. With Game 5 two days after this, what was at stake, we wanted to win the game and try to put it away.”

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Spurs’ Youth and Growth

The young Spurs have exceeded expectations by reaching the Finals in just their third season with Wembanyama. The team has shown remarkable resilience throughout the postseason, overcoming elimination threats before. “We’ve proven we can surpass these difficulties,” Wembanyama said. “Even though we haven’t been there before, I’m convinced we’re built that way and we’re going to use the better of this. It’s going to tighten us up.”

Keldon Johnson, the NBA Sixth Man of the Year, echoed the sentiment. “We’re all human. It hurts. We want to win. We’re so close, but so far. We’re going to continue what we do, bring our brand of basketball and correct the things we can correct going forward.”

The Spurs now face elimination pressure for the second time this postseason. They previously rallied from a similar spot in the Western Conference finals against Oklahoma City.

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Knicks’ Historic Comeback

The Knicks’ resilience defined the night. Coach Mike Brown praised Anunoby’s game-winning tip-in. “I don’t know if there was a play bigger than any other play in the history of Knicks basketball.”

The victory puts New York one win away from its first title since 1973. Game 5 in San Antonio offers the Spurs a chance to extend the series, but the momentum now heavily favors the Knicks after their record rally.

Series Context and Physical Play

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The series has been notably physical, with multiple flagrant fouls called. Wembanyama drew attention and physicality from New York defenders, including a flagrant foul on Mitchell Robinson. The Spurs led by double digits in every game but have maintained a lead into the fourth only once.

The hostile Madison Square Garden crowd played a significant role in the momentum shift, energizing the Knicks during their comeback. Celebrities including Taylor Swift were in attendance, adding to the spectacle.

Broader Implications for Both Teams

For the Spurs, the loss represents a painful but valuable lesson in closing out games at the highest level. Their youth and inexperience showed in the second half, but the core group has demonstrated growth throughout the season and playoffs.

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The Knicks have overcome significant obstacles en route to this point, erasing large deficits multiple times this postseason. Their never-quit mentality has become a defining characteristic under coach Mike Brown.

Game 5 will test San Antonio’s resolve at home, where they have been strong. A victory would send the series back to New York for Game 6, keeping championship hopes alive. For the Knicks, closing out on the road would cap a remarkable playoff run.

Fan and Cultural Reaction

The game produced immediate buzz, with fans and analysts praising the Knicks’ resilience while lamenting the Spurs’ collapse. Social media was filled with highlights of Anunoby’s tip-in and reactions to the historic comeback.

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The series has captivated basketball fans with strong individual performances and dramatic swings. Wembanyama’s emergence as a Finals star at a young age has drawn comparisons to legendary big men, while Brunson’s leadership has solidified his status among the league’s elite.

As the Finals head to San Antonio, both teams prepare for what could be a decisive Game 5. The Spurs must regroup quickly to avoid elimination, while the Knicks aim to finish the job and end a long championship drought. The coming contest promises another chapter in what has become a compelling and hard-fought NBA Finals series.

The Spurs’ youth provides reason for optimism despite the painful loss. With Wembanyama leading the way and a core group gaining valuable experience, San Antonio remains a team built for sustained success. For now, the focus shifts to Game 5, where resilience will be tested once more on home court.

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Adobe Inc. (ADBE) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good day, and welcome to Q2 FY 2026 Adobe Earnings Conference Call. Today’s conference is being recorded.

At this time, I’d like to turn the conference over to Doug Clark, Vice President of Investor Relations. Please go ahead.

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Douglas Clark
Vice President of Investor Relations

Good afternoon, and thank you for joining us. With me on the call today are Shantanu Narayen, Adobe’s Chair and CEO; David Wadhwani, President of Creativity and Productivity; Anil Chakravarthy, President of Customer Experience Orchestration; and Steve Day, Senior Vice President, Corporate Finance and CFO of Customer Experience orchestration.

On this call, which is being recorded, we will discuss Adobe’s second quarter fiscal year 2026 financial results. You can find our press release, as well as PDFs of our prepared remarks and financial results on Adobe’s Investor Relations website.

The information discussed on this call, including our financial targets and product plans, is as of today, June 11, and contains forward-looking statements that involve risks, uncertainty and assumptions. Actual results may differ materially from those set forth in these statements. For more information on those risks, please review today’s earnings release and Adobe’s SEC filings.

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Another AI aftershock sends Indian IT stocks for a tumble

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Another AI aftershock sends Indian IT stocks for a tumble
IT shares extended their losing streak to the seventh straight session Thursday, the longest since September 2025, as fresh AI-disruption jitters gripped investors amid declines in global tech stocks.

The Nifty IT index fell as much as 2.7% intraday before ending at 27,821, down 1.6% and the lowest closing level since May 15. The benchmark Nifty50 ended 0.2% lower.

“Indian IT companies were hammered due to Anthropic launching a new AI model that increased the risk to the revenue for domestic tech players,” said Kotak Securities senior vice-president Sumit Pokharna.

Another AI Aftershock Sends Indian IT Stocks for a TumbleET Bureau

7th session of losses Anthropic’s new AI model renews investor fears amid a global tech rout. A cyclical recovery in Sept could provide the first sign of revival, analysts say

The newly launched model has higher capabilities than previous ones and the faster developments are increasing the pressure on application development and maintenance companies, Pokharna said.

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Anthropic launched a Mythos class model, called Claude Fable 5, for general use on June 9.
Sentiment was also hurt by a 2% fall in the Nasdaq Composite Index Wednesday, as investors globally see rising risk due to concentration in some front-end AI stocks and are looking to diversify and rotate into other AI-enabler stocks.“The IT sector is in uncharted territory, given the prolonged revenue weakness during a generational technology shift driven by AI,” said Kumar Rakesh, an IT analyst at BNP Paribas. “This makes it difficult to predict whether the worst is over.”

All constituents of the IT index declined on Thursday. LTM dropped 2.6% while Infosys fell 2.3%. Oracle Financial Services Software and HCL Technologies slipped over 1.5% each.

A cyclical recovery, possibly in September, could be the first sign of revival despite ongoing structural challenges; however, this recovery could be delayed depending on geopolitical tensions, said Kumar.

“Investors should avoid companies that are struggling to transition and instead be extremely selective,” he said. “Persistent Systems among midcaps, and Infosys and Tech Mahindra among large caps, are the preferred picks in the sector.”

So far this year, the Nifty IT index has slumped 26.6%. The benchmark Nifty50 is down 11.4%.

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Despite improved valuations, the sector has not bottomed out as headwinds like AI disruption, likely rate hikes in the US and geopolitical turbulence continue to weigh on the sector. The outlook is cautious and selective, said analysts. “Pain periods do turn valuations attractive and staggered accumulation of Infosys, TCS, Tech Mahindra along with Coforge can be considered for a two- to three-year horizon,” said Pokharna.

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Will SpaceX factor last after IPO? Mega listing plan sparks valuation debate amid AI boom

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Will SpaceX factor last after IPO? Mega listing plan sparks valuation debate amid AI boom
Few IPOs in recent years have been as avidly anticipated and sparked as much debate as rocket and artificial intelligence (AI) company SpaceX’s blockbuster issue. As the Elon Musk-founded company gears up for listing on Friday after attracting record investor bids for its roughly $75 billion IPO, the largest ever, the discussion extends beyond the stock’s debut.

Investors are asking whether it will validate the torrent of money that has flowed into AI-linked companies and prolong Wall Street’s dream bull run or serve as a signal that market optimism has reached its peak. Saudi Aramco’s $29.4 billion issue in 2019 was the largest IPO before this.

Will SpaceX Factor Last after IPO?ET Bureau

Mega listing plan sparks valuation debate amid AI boom

Stress Test
The 555.6-million-share IPO of SpaceX was subscribed more than four times on Wednesday night. The bids underscore investor appetite for the hottest investment theme currently, AI, allowing SpaceX to target an eye-popping $1.75 trillion valuation on debut, turning it instantly into one of the world’s most valuable companies.The valuation target, along with the company’s losses and questions over corporate governance, has led to heightened scepticism about the stock’s prospects, with veteran short seller Jim Chanos warning the offering does not justify the astronomical valuation.

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SpaceX posted revenue of $18.67 billion in 2025, up 33% from the previous year, along with a net loss of $4.94 billion.
To be sure, it’s also some kind of a referendum on Musk.
To his dedicated fanbase, Musk can do no wrong. Naysayers warn investors against getting swept up in the general euphoria of a listing pop lest they be left holding the pieces down the line.
Beyond the scale, SpaceX’s listing has greater significance for global markets riding the AI wave. It’s a stress test of market appetite for the high-growth, capital-intensive AI theme as equity supply risks are set to rise. It will also signal how much tolerance investors have for losses posted by some stars of the AI firmament.

“There is also a psychological element to the supply-demand picture with SpaceX,” BNP Paribas Securities analysts wrote in a recent client note. “Many investors will likely anticipate that the deal size is only the tip of a supply iceberg.”

OpenAI and rival Anthropic recently made confidential filings for mega IPOs, seeking to capitalise on the voracious investor demand for AI-linked shares. Both these companies may be targeting trillion-dollar valuations.

“Follow-on issuance and stock lock-ups expiring plus possible IPOs for OpenAI and Anthropic collectively amount to much more equity supply,” said the BNP note.

For seasoned investors, a likely glut of AI-linked IPOs and share sales evokes memories of the dotcom boom. At that time, investors snapped up shares at astounding prices, ignoring losses and the absence of viable business models.

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As comparisons with previous market bubbles resurface, so too has the familiar refrain that “this time is different” with proponents arguing that the scale of investment flowing into AI and its growing commercial adoption set the current boom apart from past ones.

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