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Marvell shares jump after analysts lift price targets ahead of earnings (MRVL)
Shares of Marvell Technology (NASDAQ:MRVL) surged 7% on Tuesday after several Wall Street firms raised their price targets ahead of the company’s earnings release scheduled for Wednesday. HSBC issues Street-high target on AI infrastructure optimism HSBC upgraded Marvell to Buy and increased its price target to $300 from $85, establishing the highest target currently on…
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Hyperfine shares rise after expected Russell index addition (HYPR)
Shares of Hyperfine (NASDAQ:HYPR) gained 4% in premarket trading on Tuesday after the company announced that it is expected to be added to both the Russell 3000 Index and the Russell 2000 Index. Russell inclusion set to take effect after June reconstitution The medical technology company said its inclusion is expected to occur as part…
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Semiconductor shares climb in premarket trade as investor confidence improves
U.S. semiconductor stocks moved broadly higher in premarket trading on Tuesday, with memory chipmakers and AI infrastructure companies leading gains as market sentiment improved following signs of progress in negotiations between the United States and Iran. The rally followed strength across Asian markets, where artificial intelligence-linked technology stocks advanced in both Hong Kong and South…
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Micron shares rally after UBS projects more than 100% upside potential (MU)
Shares of Micron Technology (NASDAQ:MU) surged 6.3% in premarket trading to $798.37 after UBS sharply increased its price target on the memory chip maker to $1,625 from $535, citing the growing adoption of long-term supply agreements across the memory industry. UBS sees structural shift in Micron’s earnings profile In a research note led by analyst…
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Sunlands shares slide after weak revenue outlook overshadows quarterly profit growth (STG)
Sunlands Technology Group (NYSE:STG) reported first-quarter 2026 results on Tuesday, posting adjusted earnings per share of RMB11.48 and revenue of RMB440.7 million, down 9.6% from RMB487.6 million in the same period last year. Shares of the company fell 6.11% in premarket trading following the earnings announcement. Second-quarter guidance disappoints investors Investor sentiment weakened after Sunlands…
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Lenovo shares soar to record level after strong AI-driven earnings performance (LNVGY)
Shares of Lenovo Group (USOTC:LNVGY) climbed to an all-time high on Tuesday after the world’s largest PC manufacturer reported quarterly earnings that exceeded market expectations, supported by accelerating demand for AI servers and improving conditions in the personal computer industry. Hong Kong-listed Lenovo shares surged 18% to HK$18.7, marking a record high for the stock…
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Miniso posts stronger-than-expected quarterly revenue despite earnings miss (MNSO)
Miniso Group (NYSE:MNSO) reported first-quarter revenue of 5.69 billion yuan on Tuesday, exceeding analyst expectations of 5.56 billion yuan. Core Miniso brand outperforms while TOP TOY sales miss forecasts Revenue generated by the company’s Miniso brand reached 5.17 billion yuan, ahead of analyst estimates of 4.89 billion yuan. However, revenue from TOP TOY totaled 514.5…
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Vnet Group revenue matches forecasts as quarterly EBITDA beats expectations (VNET)
Vnet Group (NASDAQ:VNET) reported first-quarter net revenue of 2.69 billion yuan on Tuesday, representing a 20% increase from a year earlier and broadly matching analyst expectations of 2.66 billion yuan. EBITDA and gross profit post strong annual growth Adjusted EBITDA for the quarter rose 31% year-over-year to 891.5 million yuan, surpassing the analyst consensus estimate…
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Elbit Systems rallies after securing $1.4 billion European defence contract (ESLT)
Shares of Elbit Systems (NASDAQ:ESLT) climbed 8% on Tuesday after the company announced a $1.4 billion military modernization agreement in Europe alongside stronger first-quarter financial results. Revenue and profitability post strong quarterly growth Elbit Systems reported first-quarter 2026 revenue of $2.19 billion, up from $1.90 billion in the corresponding period last year. Gross profit increased…
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Rocket and satellite shares rally in premarket trade after SpaceX IPO filing
Shares of space and satellite companies surged in premarket trading on Tuesday, extending the sector’s recent rally following SpaceX’s public filing for what is expected to become the largest initial public offering ever launched. Redwire (NYSE:RDW) climbed 15% ahead of the opening bell, while MDA Space (NYSE:MDA) advanced 13%. Aerospace and satellite firms extend sector…