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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…
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Ontario gold miner secures major investment from Michael Gentile
McFarlane Lake Mining (CSE:MLM), a Canadian junior gold company, will undertake a C$6.75 million non-brokered private placement, including a lead order from Michael Gentile, one of Canada’s most prominent individual mining investors. This article is disseminated in partnership with McFarlane Lake Mining Limited. It is intended to inform investors and should not be taken as a…
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Markets in Motion: Manufacturing strength fuels market momentum
Economic strength emerges where investors least expected it Consumer sentiment remains near historic lows, yet markets continue to push higher — a disconnect that has left many investors scratching their heads. In this week’s Markets in Motion, Bruce Campbell points to a key factor helping explain the divergence: manufacturing. Recent data shows manufacturing activity reaching…
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Rising Oil Prices and Treasury Yields Drag Wall Street Lower
U.S. stocks closed broadly lower on Wednesday as a spike in oil prices and rising Treasury yields spooked investors, snapping a nine-session winning streak for the S&P 500. Geopolitical tensions between the U.S. and Iran fueled the surge in crude, raising fresh concerns about inflation just as the market had been building momentum from a…
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Medtronic Shares Slip Despite Earnings Beat as Fiscal 2027 Outlook Disappoints (MDT)
Medtronic plc (NYSE:MDT) traded modestly lower in premarket activity on Wednesday after issuing fiscal 2027 earnings guidance that fell short of analyst expectations, overshadowing quarterly results that exceeded Wall Street forecasts. While the medical technology company delivered stronger-than-expected revenue and earnings for its fiscal fourth quarter, investors focused on a more cautious profit outlook for…
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AT&T Teams Up With Disney and Pixar on Toy Story 5 Promotional Campaign (T)
AT&T Inc. (NYSE:T) has launched a new marketing partnership with Disney (NYSE:DIS) and Pixar centered on the upcoming release of Toy Story 5, combining original advertising content, retail activations and community-focused events ahead of the film’s theatrical debut on June 19. The campaign is designed to engage families through a mix of in-store experiences, exclusive…