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Ciena Shares Surge After Earnings Beat and Strong AI-Driven Demand Outlook
Ciena Corporation (NYSE:CIEN) jumped 8.2% in premarket trading on Thursday after delivering fiscal fourth-quarter results that comfortably topped Wall Street expectations, supported by accelerating demand from cloud customers and expanding opportunities tied to AI infrastructure. For the quarter ended November 1, the networking equipment maker posted adjusted earnings of $0.91 per share, surpassing analyst expectations…
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Nvidia and Other AI Stocks Slip After Oracle’s Weak Earnings Spark Concerns Over AI Spending
Nvidia and a range of artificial intelligence–linked stocks fell on Thursday after Oracle delivered underwhelming earnings and signaled sharply higher capital expenditures, reigniting worries that AI investment may be outpacing returns. Nvidia (NASDAQ:NVDA) — which maintains sizable data center chip supply agreements with Oracle (NYSE:ORCL) — declined 1.3%. CoreWeave (NASDAQ:CRWV), another cloud competitor with ties…
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Synopsys Delivers Strong Earnings Beat and Optimistic 2026 Guidance
Synopsys (NASDAQ:SNPS) traded slightly lower in U.S. premarket action on Thursday, easing back after a sharp after-hours jump, even as the company reported fourth-quarter numbers that topped analyst expectations and issued a bullish outlook for fiscal 2026. The engineering and chip design software specialist—whose tools help semiconductor manufacturers validate increasingly complex processors—has benefited significantly from…
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Adobe Shares Slip Despite Strong AI-Driven Forecast and Record Metrics
Adobe (NASDAQ:ADBE) unveiled upbeat annual revenue and earnings guidance that surpassed Wall Street expectations, suggesting the company’s efforts to monetize its expanding suite of AI-powered features are gaining traction. The longtime favorite among creative professionals has spent years integrating artificial intelligence across more of its tools, aiming to simplify and speed up image and video…
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Waymo Recalls Over 3,000 U.S. Vehicles to Fix Software Flaw, Says NHTSA
Alphabet’s (NASDAQ:GOOG) autonomous-driving division Waymo has recalled 3,067 vehicles in the United States due to a software malfunction that has since been corrected through an update, the National Highway Traffic Safety Administration (NHTSA) announced Thursday. According to the agency, the recall applies to vehicles equipped with Waymo’s fifth-generation automated driving system (ADS). The affected software…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Shift as Investors Weigh Fed Rate Path and Oracle’s Weak Forecast
U.S. equity futures edged lower early Thursday, hinting at a potential reversal from the prior session’s gains. Traders continued sorting through the implications of the Federal Reserve’s latest rate cut while trying to gauge where borrowing costs may head next. Sentiment also took a hit after cloud-services heavyweight Oracle (NYSE:ORCL) issued a lackluster outlook, while…
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Scaling for long-term success: A new era in gold development
Introduction In the evolving landscape of gold development, one leading project in Australia’s Northern Territory is redefining what it means to unlock value. Backed by years of technical expertise and strategic discipline, Mt Todd has emerged as one of the most compelling undeveloped gold assets globally. A recently completed feasibility study signals a pivotal shift…
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U.S. Stocks Close Mostly Higher After Fed Cuts Interest Rates
After showing a lack of direction for much of the session, stocks moved mostly higher in the latter part of the trading day on Wednesday following the Federal Reserve’s interest rate decision. The major averages all moved to the upside on the day after ending Tuesday’s choppy trading session narrowly mixed. The Dow jumped 497.46…
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Meta Shares Dip After Report Signals Move Toward Closed AI Model
Meta Platforms (NASDAQ:META) slipped 1.2% on Wednesday, while Alibaba (NYSE:BABA) gained 2%, after a Bloomberg report said Meta is shifting its AI strategy and working on a closed, revenue-generating model that draws on technology from several Chinese companies, including Alibaba. The report said Meta is building a new AI system internally referred to as “Avocado,”…
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Palantir Shares Tick Higher After Winning $448 Million U.S. Navy Contract
Palantir Technologies Inc. (NYSE:PLTR) saw its stock rise 1.4% in premarket trading Wednesday after announcing a major new agreement with the U.S. Navy aimed at overhauling the nation’s Maritime Industrial Base through the Navy’s ShipOS modernization program. The deal—worth up to $448 million—will integrate Palantir’s Foundry platform and its Artificial Intelligence Platform (AIP) into naval…