Author: Fiona Craig

Shake Shack Inc. (NYSE:SHAK) shares fell 7% on Tuesday after the restaurant chain reduced its financial guidance for both the second quarter and full fiscal year 2026, citing a more challenging operating environment. The updated outlook reflects softer expectations for sales growth and profitability, despite management maintaining confidence in the company’s long-term strategy. Revenue Expectations…

Celcuity Inc. (NASDAQ:CELC) shares dropped 15% on Tuesday even after the company released detailed positive efficacy and safety findings from the PIK3CA-mutant cohort of its Phase 3 VIKTORIA-1 study evaluating gedatolisib in patients with hormone receptor-positive, HER2-negative, PIK3CA-mutated advanced or metastatic breast cancer. The decline came despite data showing significant improvements in progression-free survival and…

Virgin Galactic (NYSE:SPCE) shares dropped 15% on Tuesday after the space tourism company revealed plans to redeem a portion of its outstanding debt through the issuance of common shares, a move that will dilute existing shareholders. The announcement came after a strong rally in the stock, with shares gaining 22% on Monday and soaring approximately…

Newsmax Inc. (NYSE:NMAX) expects its international business to generate approximately $25 million in revenue during 2026, supported by continued growth across its television distribution, advertising and licensing activities worldwide. The company said expanding partnerships and increasing demand for localized news programming are helping drive the next phase of its international strategy. Licensing Revenue Expected to…

Marvell Technology (NASDAQ:MRVL) shares soared more than 22% in premarket trading on Tuesday after Nvidia Chief Executive Jensen Huang praised the semiconductor company and described it as the next “trillion-dollar company.” The remarks added to growing investor enthusiasm surrounding Marvell’s role in the rapidly expanding artificial intelligence infrastructure market. AI Demand Continues to Strengthen Growth…

Philip Morris International (NYSE:PM) shares edged lower in premarket trading on Tuesday after the tobacco group reduced its full-year adjusted earnings guidance, reflecting the impact of an expected impairment charge and currency-related headwinds. The stock slipped around 1% before the opening bell as investors assessed the updated outlook. Earnings Forecast Narrowed Lower Philip Morris revised…

Arm Holdings (NASDAQ:ARM) Chief Executive Rene Haas said on Tuesday that restricting exports of processors used in artificial intelligence applications to China would be challenging because of the broad range of uses for modern computing chips. His comments highlight the complexities policymakers face as governments seek to limit access to advanced technologies while maintaining the…

Broadcom (NASDAQ:AVGO) shares climbed more than 6% in premarket trading on Tuesday after Alphabet announced plans to raise $80 billion in new equity capital to support a major expansion of its artificial intelligence infrastructure. The fundraising initiative reinforced investor confidence in companies positioned to benefit from the rapid growth of AI-related spending, including Broadcom, which…

Oracle (NYSE:ORCL) shares moved lower in premarket trading on Tuesday as investors evaluated the broader implications of escalating artificial intelligence infrastructure costs following Alphabet’s announcement of a major capital-raising initiative. The stock fell 4.2% before the opening bell, giving back part of the gains recorded during the previous session. Alphabet’s Funding Plan Raises Questions About…