ADVFN US – Market Content Editor
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Jiayin Group Tops Q3 Estimates as Profit Climbs Nearly 40%
Jiayin Group Inc. (NASDAQ:JFIN) delivered third-quarter results on Tuesday that beat analyst forecasts, with net income rising 39.7% year over year to RMB376.5 million ($52.9 million) as the Chinese fintech firm continued to improve its operational efficiency. Shares were up 2.08% in premarket trading following the update. Quarterly revenue inched 1.8% higher to RMB1.47 billion…
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Meta in Talks to Purchase Billions in Google AI Chips, Report Says
Meta Platforms (NASDAQ:META) is reportedly negotiating a multi-billion-dollar agreement with Google (NASDAQ:GOOG) to acquire AI chips for its data centers starting in 2027, according to a Tuesday report from The Information. People familiar with the discussions said the talks also involve Meta potentially renting Google Cloud chips as early as next year. The arrangement would…
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Embecta Tops Q4 Earnings Forecasts as Margins Strengthen Despite Softer Revenue
Embecta Corp. (NASDAQ:EMBC) reported better-than-expected fourth-quarter earnings on Tuesday, posting improved profitability even as sales declined. Shares edged up 0.75% in premarket trading after the release. For the quarter ending September 30, Embecta delivered adjusted earnings of $0.50 per share, surpassing analyst expectations of $0.46. Revenue totaled $264 million — just under the $265.66 million…
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Alphabet Poised to Hit $4 Trillion Valuation as AI-Fueled Rally Accelerates
Alphabet (NASDAQ:GOOG) is on track to potentially join the exclusive $4 trillion market-cap club on Tuesday, with the Google parent’s shares climbing more than 4% in premarket trading. The sharp premarket move puts the tech giant within striking distance of the milestone as soon as the opening bell. The company’s rapid ascent reflects a year-long…
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Alibaba Beats Revenue Expectations as AI-Powered Cloud Business Delivers Strong Quarter
Alibaba (NYSE:BABA) reported stronger-than-expected second-quarter revenue, driven by a solid performance from its cloud division, which has been increasingly enhanced by artificial intelligence capabilities. The company has been aggressively investing in AI to accelerate growth across both its cloud and consumer businesses, committing billions of yuan to new models and infrastructure as it seeks to…
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NIO Shares Rise After Reporting Narrower Q3 Loss and Strong Delivery Growth
NIO (NYSE:NIO) traded more than 4% higher in Tuesday’s premarket session after the Chinese electric vehicle maker posted third-quarter results showing improved profitability and robust delivery growth, even though revenue landed slightly below analyst expectations. For the quarter, NIO reported a loss of RMB1.14 per share, beating forecasts for a RMB1.59 loss. Revenue totaled RMB21.79…
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Pony AI Shares Gain 6% After Beating Q3 Revenue Expectations
Pony AI (NASDAQ:PONY) jumped 6% on Tuesday after the autonomous driving firm delivered third-quarter revenue that came in well ahead of analyst forecasts. The company reported $25.4 million in quarterly revenue, topping the consensus estimate of $22.8 million. Gross profit for the period reached $4.67 million, while operating expenses totaled $74.3 million. “Total revenues rose…
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SPAC News From The Last Seven Days
The Last Week’s Deals Blue Acquisition Corp (NASDAQ:BACC) has announced it is to acquire data center infrastructure company Blockfusion. The deal reflects an enterprise value of $594mm and is expected to close in H1 2026. Pantages Capital Acquisition Corporation (NASDAQ:PGAC) has announced a deal to acquire a geological exploration and mining company MacMines Austasia. The…
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Zoom Raises Full-Year Profit Outlook, Shares Gain in Premarket Trading
Zoom Video Communications (NASDAQ:ZM) boosted its annual earnings guidance after delivering stronger quarterly revenue and profit, supported by continued expansion in its enterprise segment and disciplined cost management. The stock climbed roughly 3% in U.S. premarket trading on Tuesday. During its fiscal third quarter, Zoom reported adjusted earnings of $1.52 per share, surpassing analyst expectations…
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Semtech Stock Falls After Hours Despite Beating Q3 Expectations
Semtech (NASDAQ:SMTC) posted stronger-than-expected third-quarter results on Monday, though the upbeat earnings failed to lift investor sentiment, with shares sliding 6% in after-hours trading. For the quarter ended October 26, the chipmaker delivered adjusted earnings of $0.48 per share on revenue of $267 million. Both figures came in just ahead of analysts’ forecasts, which called…