Shares of Marvell Technology dropped 15% after the AI chipmaker reported lower-than-expected data center revenue and provided a lackluster outlook for the upcoming quarter. The CEO acknowledged some challenges in customer pipeline clarity, raising concerns among investors.
Nvidia's latest earnings report revealed a stunning $46.7 billion in revenue, yet the stock fell 4% post-announcement. Experts cite high expectations and ongoing geopolitical issues as potential factors behind the unexpected drop.
Nvidia's upcoming earnings report is critical for the AI industry, following a turbulent week of stock selloffs. Analysts discuss the impact of external factors on the company's performance and the broader AI market.
Walmart's shares dropped 2.5% in premarket trading after reporting Q2 profits below expectations, despite a revenue increase of nearly 5% year-over-year and strong eCommerce growth.
Spotify reported a rise in premium subscribers to 276 million and MAUs to 696 million, but faced a surprising quarterly loss. CEO Daniel Ek emphasizes long-term growth despite recent challenges.
Boeing has dramatically reduced its quarterly losses and increased sales, delivering the highest number of airplanes since 2018. CEO Kelly Ortberg highlights improvements and future goals as challenges remain.
In a groundbreaking move, Samsung has landed a $16.54 billion contract to manufacture semiconductors for Tesla, significantly boosting its foundry business and projected revenue through 2033.
Chime, the neobank, successfully raised $864 million in its IPO, overcoming significant early struggles and regulatory hurdles. With impressive financial results, the company's shares surged in trading, marking a remarkable turnaround.
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Huawei has reported a remarkable 22.4% increase in revenue for 2024, reaching 862.1 billion yuan, driven by strong sales in its telecommunications and consumer sectors. Despite challenges from U.S. sanctions, the company is diversifying and adapting its business model.
