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By Deena Beasley Aug 3 (Reuters) - Amgen on Tuesday reported second-quarter sales rose 9%, driven by demand for cholesterol drug Repatha, bone drug Evenity and medications for rare diseases, as the
SpaceX reported on Tuesday a 92% rise in revenue for the April-June quarter, in its first earnings since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses. The company said it invested $18.37 billion in AI infrastructure, Starship and Starlink expansion. The stock could face additional pressure from the expiry of SpaceX's post-IPO lock-up period starting on Thursday, which may unleash a wave of insider and early-investor shares on the market.
SpaceX reported first-quarter sales of $7.8 billion and earnings before interest, taxes, depreciation, and amortization, or Ebitda, of $3.5 billion. Wall Street was looking for $6.8 billion and Ebitda of $2.
By Deena Beasley Aug 4 (Reuters) - Gilead Sciences on Tuesday reported second-quarter product sales rose 8%, led by double-digit gains for its HIV drugs, but it posted a quarterly loss due to costs
Micron Stock Rises on New AI Storage Push With Microchip Technology
Palantir just posted its biggest single-day earnings surge ever, and CEO Alex Karp spent the moment torching the frontier AI labs instead of celebrating. Here is why the market finally believes him.
Dow Jones AI giant Microsoft stock is breaking out past a buy point following last week's earnings-fueled surge that saw the stock rally 21%.
FSN E-Commerce Ventures Ltd (BOM:543384) reports robust Q1 FY27 results with record profitability, strategic Nike partnership traction, and rapid expansion of Nyka Now quick-commerce.
Pattern Group is finding support at its 50-day moving average as the stock carves a base that could offer a proper buy point at 29.80.
Western Digital will report results for its fiscal fourth quarter after the closing bell on Wednesday, August 5, giving investors another important read on enterprise storage demand and the ongoing AI infrastructure buildout.
MCHP heads into fiscal Q1 2027 with stronger bookings, AI and data center demand, channel restocking and expected margin expansion.
The Danish drugmaker's Wegovy pill has exceeded 5 million prescriptions in the U.S. since launch, driving stronger-than-expected profit
According to a Reuters report, Washington is preparing to introduce a minimum import price, along with tariffs on polysilicon and related products.
A single analyst note on one memory chip stock just sent leveraged semiconductor ETFs on a wild ride, but the same funds lost catastrophic ground only weeks earlier when tariffs hit the sector. Three ways to play this rebound carry very different risks.
FTI tops Q2 earnings and revenue estimates as Subsea strength lifts margins and sales, while reaffirming full-year 2026 guidance and shareholder returns.
Caterpillar Inc. surged after the company crushed Wall Street's second-quarter expectations and raised its sales outlook, easing concerns that demand for power-generation equipment used in data centers was beginning to cool. Bloomberg's Chris Ciolino joins to discuss.
The consumer-goods giant will buy Thorne to bolster its presence in the beauty and wellness industry.
Palantir Technologies jumped after the company boosted full-year revenue and income forecasts and described commercial demand for its data analytics tools as "otherworldly." Bloomberg's Mandeep Singh joins to discuss this as well as how Anthropic has struck a deal for computing capacity from Volta Infra Holdings Ltd., a months-old infrastructure startup, to keep pace with demand for its products.
Leidos Holdings (LDOS) reported second quarter 2026 results and updated its outlook, giving investors fresh data on revenue, earnings and guidance after a run of new contract wins and capital returns. See our latest analysis for Leidos Holdings. The recent earnings beat, higher full year guidance and a series of defense and AI related contract wins have helped Leidos Holdings shares post a 9.1% 30 day share price return. However, year to date the share price is down 35.3% and the 1 year total...
Space stocks are surging ahead of SpaceX's first-ever public earnings report, but with prediction markets flagging a 70% chance of a miss and a 911-million-share lockup expiry days away, traders face a tense setup that could cut either way.
27% Shares of Wayfair soared that much Tuesday morning as its U.S. furniture business showed signs of recovery after a long period of sluggishness following the Covid-19 pandemic. Wayfair said sequential sales growth in its latest period made this the best second quarter since 2020.
Tower Semiconductor (NASDAQ:TSEM) has reported second quarter results above Wall Street expectations, including record revenue and profitability as the chipmaker continues to benefit from demand across its key business units. The company reported adjusted earnings per share of $0.88 for the...
On this episode of Stock Movers: - Wayfair (W) shares jumped after the furniture retailer gave third-quarter guidance during its earnings call. The company said it expects high single-digit revenue growth in the current quarter. - McDonald's (MCD) is rising after the fast-food chain reported comparable sales for the second quarter that are slightly below the sell-side consensus estimate, while adjusted EPS was ahead. - Caterpillar (CAT) shares are surging after the company's second-quarter earnings blew past Wall Street's second-quarter expectations, easing concerns over the growth of power-generation equipment sales to data centers. - Palantir (PLTR) shares jumped after the company boosted full-year revenue and income forecasts and described commercial demand for its data analytics tools as "otherworldly." Palantir now expects $4.89 billion to $4.91 billion in adjusted income from operations this year.
Investing.com -- Mizuho highlighted an optical components maker in a note Tuesday, telling investors it would be a buyer of the company ahead of its fiscal fourth-quarter results on Aug. 11.
Volta Infra, a seven-month-old AI infrastructure startup, said it raised funds at a $2.4 billion valuation and landed a $10 billion contract with an unnamed AI company to provide cloud-computing services in Europe alongside Bitdeer Technologies. • Bloomberg News reported that the Nvidia-backed Volta's $10 billion cloud contract is with Anthropic, citing people familiar with the matter. • The six-year agreement covers computing capacity at a data center operated by crypto mining firm Bitdeer in Norway with 133 megawatts of capacity powered by Nvidia's Vera Rubin chips, the report said.
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