Category: Latest News
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Super Micro Computer shares surge after earnings beat and strong 2027 outlook
Super Micro Computer (NASDAQ:SMCI) shares jumped 10.1% in premarket trading after the AI server specialist reported fiscal 2026 fourth-quarter results that delivered a significant earnings beat alongside a stronger-than-expected outlook for the coming year. Non-GAAP diluted earnings per share reached $1.70, comfortably exceeding consensus expectations ranging from $0.62 to $0.96. Quarterly revenue climbed to $11.12…
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Coherent shares rise after Lumentum earnings boost optical networking outlook
Coherent (NYSE:COHR) shares climbed 5.7% in premarket trading to $347.37 after rival Lumentum Holdings (NASDAQ:LITE) delivered fiscal fourth-quarter revenue and adjusted earnings above Wall Street forecasts and issued stronger-than-expected first-quarter sales guidance, reinforcing expectations of robust demand for optical networking equipment. The positive read-through from Lumentum encouraged investors ahead of Coherent’s own fiscal 2026 fourth-quarter…
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Nebius Group shares jump as AI cloud growth fuels investor optimism
Nebius Group NV (NASDAQ:NBIS) shares climbed 9.5% in premarket trading on Wednesday after the AI cloud infrastructure company released its second-quarter 2026 financial results ahead of the U.S. market open, with investors responding positively to one of the most closely watched earnings reports in the company’s relatively short history as a publicly traded stock. Ahead…
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Cava Group shares jump as revenue and restaurant traffic beat expectations
Cava Group Inc (NYSE:CAVA) reported second-quarter revenue above Wall Street forecasts as strong customer traffic and same-restaurant sales helped maintain growth momentum, sending the shares around 10% higher in U.S. premarket trading on Wednesday. The Mediterranean fast-casual restaurant chain posted adjusted earnings per share of $0.19, in line with analyst expectations. Revenue reached $365.4 million,…
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Lumentum beats quarterly forecasts as AI demand drives stronger outlook
Lumentum Holdings Inc (NASDAQ:LITE) reported fiscal fourth-quarter results above Wall Street expectations, supported by strong artificial intelligence-related demand for optical connectivity used in data centres. Adjusted earnings per share came in at $3.23, beating the analyst estimate of $2.95 by $0.28. Revenue reached $1.01 billion, ahead of the $984.57 million consensus forecast and up 109%…
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Oil prices approach two-week high as Hormuz stays closed and Houthi attacks persist
Oil prices climbed on Wednesday, extending their recent advance and moving close to a two-week high as the U.S. and Iran remained divided over reopening the Strait of Hormuz. Fresh attacks by Yemen’s Iran-backed Houthis on shipping in the Red Sea added to concerns that supply disruptions across West Asia could persist for longer. Brent…
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Gold holds near $4,400 as markets await U.S. inflation data
Gold prices extended their advance on Wednesday, trading close to $4,400 an ounce as investors awaited fresh U.S. inflation figures for further guidance on the Federal Reserve’s interest-rate outlook. Markets were also closely watching developments around efforts to reopen the Strait of Hormuz. At 03:22 ET (07:22 GMT), XAU/USD was up 0.7% at $4,400.02 an…
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U.S. CPI in focus as CoreWeave surges on AI demand and Hormuz traffic falls: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures moved higher ahead of closely watched July inflation figures, with investors looking for clues about how the data could influence Federal Reserve interest rate decisions over the coming months. CoreWeave (NASDAQ:CRWV) shares surged after booming artificial intelligence demand drove another sharp increase in revenue, although the cloud-computing company’s heavy capital spending remained…
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IEA lowers 2026 oil supply outlook as Hormuz remains closed
The International Energy Agency has reduced its forecast for global oil supply in 2026 as renewed Middle East hostilities and the continued inability to reopen critical shipping routes intensify concerns over a widening market deficit. According to the agency’s latest monthly oil market report, global supply is expected to decline by 4.3 million barrels per…
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Wall Street Pulls Back From Records as Oil Jumps and Inflation Data Looms
Stocks retreated from recent highs on Tuesday as investors turned cautious ahead of key inflation data due later this week and watched a fresh climb in oil prices tied to rising Middle East tensions. All three major indexes finished lower, with the tech-heavy Nasdaq bearing the brunt of the selling as traders trimmed exposure to…