Category: Latest News
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Five Below Shares Drop Despite Earnings Beat and Raised Outlook (FIVE)
Five Below Inc. (NASDAQ:FIVE) came under pressure in premarket trading on Thursday, with shares falling around 12% despite reporting first-quarter results that comfortably exceeded Wall Street expectations and issuing upbeat guidance for the remainder of the year. The discount retailer delivered adjusted earnings per share of $2.22, outperforming analyst forecasts of $1.69. Revenue rose 32.5%…
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CrowdStrike Shares Retreat Despite Strong ARR Growth, Higher Guidance and Stock Split (CRWD)
CrowdStrike (NASDAQ:CRWD) delivered better-than-expected results for the first quarter of fiscal 2027, driven by accelerating demand for AI-powered cybersecurity solutions. The company reported record growth in annual recurring revenue (ARR), strong cash generation and improved profitability, leading management to raise its outlook for the full year and approve a four-for-one stock split. Despite the strong…
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Veeva Surpasses Forecasts and Raises Outlook as AI Strategy Gains Momentum (VEEV)
Veeva Systems Inc Class A (NYSE:VEEV) reported stronger-than-expected first-quarter results and lifted its outlook for the remainder of the fiscal year, highlighting continued growth across its software and services businesses as well as increasing traction in artificial intelligence initiatives. The life sciences software provider posted adjusted earnings per share of $2.24 for the quarter, exceeding…
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TSMC Sees Strong Long-Term Growth as AI Demand Continues to Accelerate (TSM)
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) remains confident in its long-term growth trajectory, with Chief Executive C.C. Wei highlighting sustained demand for advanced computing infrastructure and cutting-edge semiconductors driven by the rapid expansion of artificial intelligence. Speaking at the company’s annual shareholder meeting on Thursday, Wei said customer sentiment toward AI-related spending remains highly positive, reinforcing…
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Meta Pushes Back Developer Release of New AI Model Amid Ongoing Testing (META)
Meta Platforms (NASDAQ:META) has reportedly postponed the release of its latest artificial intelligence model to external developers several times, according to a report from The Wall Street Journal, raising questions about the timing of the company’s next major AI rollout. The report said the delay has now extended to nearly two months after Meta’s head…
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Broadcom Shares Slide as Revenue Miss and AI Outlook Disappoint Investors (AVGO)
Broadcom (NASDAQ:AVGO) came under pressure in after-hours trading after reporting second-quarter results that fell slightly short of Wall Street expectations and maintaining its long-term artificial intelligence revenue targets rather than raising them. The semiconductor group reported second-quarter revenue of $22.19 billion, marginally below analysts’ consensus forecast of $22.27 billion. The results arrive as Broadcom continues…
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Intel and Foxconn Join Forces on AI Infrastructure Development (INTC)
Intel (NASDAQ:INTC) and Taiwanese manufacturing giant Foxconn (USOTC:FXCOF) have announced a strategic collaboration aimed at developing next-generation artificial intelligence infrastructure and intelligent computing platforms, positioning both companies to benefit from rising global demand for AI-powered computing solutions. The partnership was well received by investors, with Intel shares climbing 4.43% on Wall Street to close at…
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U.S. Futures Mixed as Middle East Diplomacy, Broadcom Earnings and SpaceX IPO Capture Investor Attention: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures traded in mixed territory on Thursday as investors balanced renewed diplomatic developments in the Middle East against corporate news from major technology companies and the upcoming public debut of SpaceX. By 03:32 ET, Dow Jones futures were up 122 points, or 0.2%, while S&P 500 futures slipped 0.2% and Nasdaq 100 futures…
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Guardian Metal Resources Expands Pilot Mountain Footprint With Discovery of New Tungsten Target (GMTL)
Guardian Metal Resources (AMEX:GMTL) (USOTC:GMTLF) (LSE:GMET) has identified a previously unrecognised tungsten-bearing zone at its wholly owned Pilot Mountain project in Nevada, adding a new area of mineralisation outside the project’s existing resource base. The newly named Tremor Zone was encountered during condemnation drilling carried out to support infrastructure planning for Pilot Mountain’s ongoing pre-feasibility…
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Laser Photonics’ anti-drone system selected for U.S. defence evaluation program
Laser Photonics (NASDAQ:LASE), a company specializing in laser systems for industrial and defence applications, announced that its Laser Shield Anti-Drone (LSAD) system has been selected by the Department of War under the Mission Engineering and Integration Activity (MEIA) Vulcan Call for Solutions. The system was recognized as one of the top submissions in the Counter…