ADVFN US – Market Content Editor
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Estée Lauder Shares Rise as Fiscal 2027 Profit Outlook Beats Forecasts
Estée Lauder (NYSE:EL) shares moved sharply higher after the beauty group issued a fiscal 2027 profit forecast that came in above Wall Street expectations, supported by resilient demand for premium fragrances and improving performance across important markets. The company also delivered better-than-expected fourth-quarter results. Earnings per share reached $0.39, exceeding the analyst consensus of $0.32…
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IBM Connects Cryogenic Quantum Modules in Push Towards 2029 Fault-Tolerant System
IBM (NYSE:IBM) has successfully connected and cooled two cryogenic quantum computing modules within a single environment, reaching an important engineering milestone in its plans to develop a fault-tolerant quantum computer. The linked modules measure more than eight feet in both height and width. Testing demonstrated that the system can cool to 4 Kelvin in less…
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Cerebras Unveils CS-4 AI Accelerator With Three Wafer-Scale Processors
Cerebras Systems (NASDAQ:CBRS) has launched the CS-4, its latest rack-scale artificial intelligence accelerator, combining three newly introduced Wafer Scale Engine 3 Turbo (WSE-3T) processors in a single system. According to the company, initial shipments are expected to begin during the current quarter. The CS-4 delivers 750 petaflops of AI computing performance, alongside 129.6 petabytes per…
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Keysight Technologies Shares Rise After Record Third-Quarter Results
Keysight Technologies (NYSE:KEYS) shares climbed 2.6% in pre-market trading after the electronic design and testing specialist delivered record fiscal third-quarter results, comfortably exceeding Wall Street expectations for both earnings and revenue. Adjusted earnings per share reached $3.07, well ahead of the analyst consensus of $2.48, while quarterly revenue came in at $1.85 billion versus expectations…
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OpenAI Q2 Growth Trails Anthropic as Operating Loss Widens, WSJ Says
OpenAI (NASDAQ:OAI) recorded an 18% increase in revenue during the second quarter, but its operating loss expanded considerably as the ChatGPT developer struggled to keep pace with rival Anthropic, according to The Wall Street Journal, citing people familiar with the companies’ financial results. OpenAI reportedly told investors that revenue reached $6.7 billion during the three…
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Dollar Tree Shares Rise After Jefferies Upgrade on Improving Store Traffic
Dollar Tree (NASDAQ:DLTR) shares gained around 1% in U.S. pre-market trading after Jefferies upgraded the discount retailer to Hold from Underperform, citing improving customer traffic and a reduced risk of further market-share losses in the near term. Analysts led by Corey Tarlowe said Dollar Tree’s operating story has returned to being “simple and straightforward.” Jefferies’…
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Samsung Raises Advanced Chipmaking Prices as AI Demand Tightens Capacity
Samsung Electronics (USOTC:SSNHZ) has increased prices for some of its advanced contract chip manufacturing services by as much as 15% on new orders, according to two people familiar with the matter, as booming demand for artificial intelligence chips puts pressure on available foundry capacity. Demand from Chinese customers has been particularly strong. However, Samsung has…
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Kingsoft Cloud Shares Jump After Second-Quarter Results Beat Forecasts
Kingsoft Cloud Holdings Limited (NASDAQ:KC) shares surged 8.97% in pre-market trading on Wednesday after the cloud services provider reported stronger-than-expected second-quarter results, supported by rapid expansion in its artificial intelligence business. Revenue reached RMB3.07 billion, ahead of the consensus forecast of RMB3.03 billion and up 30.8% year-on-year from RMB2.35 billion in the second quarter of…
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Full Truck Alliance Tops Forecasts as Transaction Revenue Accelerates
Full Truck Alliance Co. Ltd. (NYSE:YMM) reported second-quarter results on Wednesday that came in ahead of analysts’ expectations, supported by higher transaction service revenue and continued growth in activity across its digital freight platform. The shares showed a muted reaction to the stronger-than-expected figures, edging just 0.57% higher in pre-market trading following the announcement. Adjusted…
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Weibo Shares Rise After Second-Quarter Earnings Beat Forecasts
Weibo Corporation (NASDAQ:WB) shares advanced 3.29% in pre-market trading on Wednesday after the Chinese social media company reported second-quarter earnings and revenue above analysts’ expectations. Adjusted earnings per share came in at $0.38, ahead of the consensus forecast of $0.36. Revenue increased 2% year-on-year to $453.8 million, exceeding the $442.44 million expected by analysts. Value-Added…