ADVFN US – Market Content Editor

CoreWeave (NASDAQ:CRWV) shares rose about 4% on Wednesday after the company announced a multi-year strategic agreement with Perplexity to support artificial intelligence inference workloads on its cloud infrastructure. Under the partnership, Perplexity will run its next-generation inference workloads on CoreWeave’s platform using dedicated clusters powered by NVIDIA GB200 NVL72 systems. The collaboration is intended to…

VCI Global Limited (NASDAQ:VCIG) shares surged 40% on Tuesday after the company announced that its subsidiary V Gallant had launched Malaysia’s first AI GPU Computing Center powered by NVIDIA technology, alongside the rollout of its Intelli-X Enterprise LLM platform. The new facility began operations on Monday, positioning VCI Global as an early entrant in the…

SCHMID Group (NASDAQ:SHMD) shares surged 23% on Wednesday after the company announced the delivery of its first specialized null Line H+ system designed for Panel-Level Packaging applications to a major U.S. technology firm. The null Line H+ platform is capable of processing substrates measuring up to 700×700mm and is engineered for next-generation substrate manufacturing. The…

Holley Performance Brands (NYSE:HLLY) reported mixed fourth-quarter results on Wednesday, with revenue coming in above expectations while earnings fell short of analyst forecasts. Shares of the company declined 0.76% in after-hours trading following the release. The automotive aftermarket performance products company posted adjusted earnings per share of $0.04 for the quarter, missing the analyst consensus…

Shares of Abercrombie & Fitch Co. (NYSE:ANF) moved higher in premarket trading on Wednesday after the apparel retailer reported fourth-quarter results that came in ahead of Wall Street expectations. The company reported adjusted earnings per share of $3.68, surpassing the analyst consensus estimate of $3.58 by $0.10. Revenue reached $1.7 billion, slightly above the $1.67…

GE Vernova Inc. (NYSE:GEV) said it has been chosen by IVPC Group to supply wind turbines for a new wind farm project in Fortore, located in Benevento, Italy, with total capacity exceeding 100 megawatts. The agreement covers the delivery of 17 units of GE Vernova’s 6.1 MW-158m onshore wind turbines. The project was among those…

Shares of Crescent Energy (NYSE:CRGY) declined 2.6% to $10.95 in premarket trading on Wednesday after the company announced a larger-than-expected convertible bond issuance. The Houston-based oil and gas producer said late Tuesday it priced a private placement of $600 million in five-year convertible bonds carrying a 2.75% coupon. The deal was expanded from the $400…

Genius Sports Limited (NYSE:GENI) reported fourth-quarter results on Wednesday that fell short of earnings expectations even as revenue came in above analyst forecasts. The company’s shares declined 5.56% in premarket trading following the announcement. The sports data and technology provider reported a quarterly loss of $0.08 per share, significantly below the analyst consensus estimate of…

Private sector hiring in the United States grew more strongly than expected in February, according to a report released Wednesday by payroll processing firm ADP. ADP said employers added 63,000 jobs during the month, following an increase of 11,000 jobs in January after the previous estimate for that month was revised downward. Economists had forecast…

U.S. stock index futures pointed to a higher open on Wednesday, suggesting equities may rebound after finishing the previous session significantly lower despite recovering from their intraday lows. Investors may be looking to take advantage of lower valuations after Tuesday’s early sell-off pushed the major benchmarks to their weakest levels in three months. Early buying…