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Stocks

“Corning shares pop 12% as AI boom drives stronger-than-expected demand for equipment”

“Corning shares closed up 12% Monday after the company raised its second-quarter guidance, marking the stock’s best trading day since March 2020. The company, known for developing the Gorilla Glass used for Apple iPhones and other phones, credits the outperformance to demand for its optical connectivity… Continue Reading…

Stocks

“Lululemon shares pop 10% despite lackluster earnings report and guidance”

“…Here is how Lululemon did in its first fiscal quarter compared to what Wall Street was anticipating, based on a survey of analysts by LSEG: Despite the tepid growth, Lululemon’s stock jumped 10% in extended trading Wednesday. The company also… Continue Reading…

Stocks

“Computing firm Raspberry Pi pops 38% in rare London market debut” [JUN 11 2024]

“Shares of Raspberry Pi surged Tuesday, rallying by more than 38%, as the British computing startup sought to raise some £166 million ($211.2 million) from its initial public offering…” https://www.cnbc.com/2024/06/11/rasperry-pi-ipo-computing-firm-to-raise-211-million.html

Stocks

“Nvidia stock pops 9%, tops $1,000 after earnings beat forecasts, announces stock split and dividend hike”

“Nvidia (NVDA) stock rose 9.3% on Thursday, closing above $1,000 for the first time and giving the chip giant a market cap north of $2.5 trillion after reporting first quarter earnings that once again blew away forecasts. Nvidia’s first quarter results, released… Continue Reading…

Stocks

“Shares of Micron pop 14% on earnings beat driven by AI boom”

“… Here’s how the company did: Micron said revenue rose to $5.82 billion from $3.69 billion in the year ago quarter. The company reported a net income of $793 million, up from a net loss of $2.3 billion in the… Continue Reading…

Business, Stocks

“Gap shares pop as company’s holiday earnings blow past estimates, Old Navy returns to growth”

“Gap’s largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street’s expectations.  Sales at Old Navy… Continue Reading…

Economy

“India’s Zee Entertainment pops 10% on report that $10 billion merger with Sony is being revived”

“Shares of India’s Zee Entertainment jumped more than 10% on Tuesday after a report that its $10 billion merger with Japanese tech giant Sony could be revived. The Economic Times, an Indian news publication, reported on Tuesday that Zee had re-engaged with Sony in a… Continue Reading…

Stocks

“Uber stock pops more than 14% on $7 billion share buyback”

“Uber’s stock closed up more than 14% on Wednesday after the ride-hailing company announced it will buy back up to $7 billion worth of company shares… The buyback news comes a week after Uber reported fourth-quarter results that beat Wall Street’s earnings and revenue… Continue Reading…

Stocks

“SoftBank shares extend their surge, pop more than 15% on earnings beat”

“Shares of SoftBank Group rose as much as 15.29% Friday morning, a day after the Japanese investment firm posted earnings that beat analysts’ expectations. SoftBank’s on Thursday posted its first quarterly profit following four quarters of losses, thanks to big gains at… Continue Reading…

Stocks

“Google shares pop 5% after company announces Gemini AI model”

“Shares of Google closed up 5% Thursday, a day after the company announced its latest artificial intelligence model called Gemini that will compete with products from OpenAI, Microsoft and Meta. The stock is on pace for its best day since Aug. 29. Wells Fargo’s trading desk said… Continue Reading…