ADVFN US – Market Content Editor
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Palladyne AI shares jump 13% after Navy awards missile development contract
Shares of Palladyne AI Corp. (NASDAQ:PDYN) surged about 13% on Wednesday morning after the company announced that its subsidiary GuideTech had secured a contract from the U.S. Navy to develop a new air-launched missile system. The project involves the development of the Air-Launched Rapid Response Missile (ALRRM), a long-range weapon designed to achieve near-hypersonic speeds…
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Microsoft reportedly considers legal challenge over OpenAI–Amazon cloud partnership – FT
Microsoft Corporation (NASDAQ:MSFT) is evaluating potential legal action against Amazon.com (NASDAQ:AMZN) and OpenAI following their reported $50 billion cloud agreement, which could conflict with Microsoft’s existing exclusive partnership with the AI developer, the Financial Times reported on Wednesday. According to the report, the dispute centers on whether Amazon Web Services can host OpenAI’s upcoming commercial…
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Nvidia’s H200 AI chip reportedly cleared for purchase by Chinese firms – Reuters
Chinese regulators have approved the purchase of Nvidia’s H200 artificial intelligence chip by several domestic companies, according to a Reuters report on Tuesday citing a source familiar with the matter. The reported clearance comes shortly after NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang said the company had restarted production of the H200 specifically for the Chinese…
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Lululemon shares dip in premarket after cautious outlook for 2026
Lululemon Athletica (NASDAQ:LULU) reported fourth-quarter results that exceeded analyst expectations on both revenue and profit, but its outlook for the current quarter and full-year 2026 came in below forecasts, sending the stock lower in early premarket trading on Wednesday. Shares of the athleisure apparel company declined about 2.2% ahead of the market open. The results…
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Tencent Music shares tumble over 20% after Q4 results disappoint investors
Shares of Tencent Music Entertainment Group (NYSE:TME) dropped more than 20% on Wednesday as investors reacted negatively to the company’s fourth-quarter earnings, even though both revenue and profit posted solid year-on-year growth. The company reported quarterly revenue of 8.64 billion yuan, representing a 15.9% increase from the same period last year, supported by continued expansion…
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Boyd Group shares inch higher after mixed fourth-quarter results
Boyd Group Services Inc. (NYSE:BGSI) reported fourth-quarter results that topped earnings forecasts but missed revenue expectations, with the company’s shares rising about 0.85% after the announcement. The collision repair specialist posted adjusted earnings per share of $0.90 for the quarter, exceeding the analyst consensus of $0.63 by $0.27. Revenue came in at $793.85 million, below…
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Coupang stock rises after AI collaboration with Nvidia
Shares of Coupang (NYSE:CPNG) gained as much as 3.4% in premarket trading on Wednesday after the company announced a partnership with Nvidia aimed at developing an artificial intelligence platform to enhance its e-commerce logistics and delivery network. According to a company statement, the initiative will leverage Coupang’s Intelligent Cloud infrastructure to establish a self-service AI…
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Weibo shares slide after Q4 profit miss despite revenue outperformance
Weibo Corporation (NASDAQ:WB) shares dropped about 3% after the company released fourth-quarter results showing earnings below expectations, even as revenue came in ahead of forecasts. The Chinese social media platform reported adjusted earnings per share of $0.25 for the quarter, missing analyst estimates of $0.33. Revenue totaled $473.3 million, surpassing the consensus forecast of $444.84…
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Gold slips below $5,000/oz as Fed rate outlook clouds markets
Gold prices dropped below the $5,000-per-ounce mark during Asian trading on Wednesday as investors grew cautious ahead of the Federal Reserve’s widely anticipated interest rate decision later in the day. The metal had briefly climbed back above the $5,000 level earlier, but reversed direction as ongoing hostilities in the U.S.-Israel conflict with Iran kept markets…
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Oil prices decline as Iraq resumes exports via Turkey
Oil prices moved lower this morning after an agreement between Iraq and Turkey helped ease supply concerns linked to the blockade in the Strait of Hormuz. Brent crude was trading around $102 per barrel, down about 1%, after briefly dipping below the $100 level earlier, while U.S. WTI crude fell back to approximately $93.40 per…