ADVFN US – Market Content Editor
-
Cognyte Shares Slide After Earnings Miss Overshadows Revenue Beat (CGNT)
Cognyte Software Ltd. (NASDAQ:CGNT) shares fell more than 20% in premarket trading on Wednesday after the company reported first-quarter fiscal 2027 earnings that came in below analyst expectations, despite delivering revenue slightly ahead of forecasts. The sharp market reaction suggested investors focused on weaker-than-expected profitability metrics rather than the company’s top-line growth and reaffirmed outlook.…
-
Marvell Extends Record Rally After Jensen Huang Endorsement and Higher Analyst Target (MRVL)
Marvell Technology (NASDAQ:MRVL) shares continued their remarkable advance on Wednesday, rising another 13% in premarket trading after delivering a record-breaking 32.5% gain in the previous session. The surge followed comments from Nvidia CEO Jensen Huang, who identified Marvell as a potential future trillion-dollar company. The latest move builds on growing investor enthusiasm surrounding Marvell’s role…
-
Circle Internet Shares Slip Following Report of New Stablecoin Initiative by Payments Giants (CRCL)
Circle Internet (NYSE:CRCL) shares fell 2% in Wednesday morning trading after a report suggested that several major payment companies are preparing to launch a competing stablecoin platform. The development raised concerns about intensifying competition in the rapidly expanding digital payments and stablecoin markets. Stripe, Visa and Mastercard Reportedly Near Platform Launch According to a report…
-
NetApp and Cisco Introduce Automated Ransomware Response Framework for Enterprise Data Protection
NetApp (NASDAQ:NTAP) and Cisco (NASDAQ:CSCO) have unveiled a new security orchestration playbook designed to help organizations accelerate their response to ransomware incidents through automated actions at the storage infrastructure level. The solution combines NetApp’s storage technologies with Cisco-owned Splunk’s security platform, enabling organizations to react more quickly when threats are detected and reduce the risk…
-
ICE Expands AI-Powered Cybersecurity Across NYSE and Financial Infrastructure Network (ICE)
Intercontinental Exchange Inc. (NYSE:ICE) has strengthened its cybersecurity capabilities by joining Anthropic’s Project Glasswing initiative and deploying the company’s Claude Mythos Preview artificial intelligence platform across its global operations. The rollout extends to ICE’s broad portfolio of businesses, including the New York Stock Exchange, its network of exchanges and clearing houses, market data operations, and…
-
Digi Power X Shares Advance After $35 Million Commitment for NVIDIA Vera Rubin Systems (DGXX)
Digi Power X Inc. (NASDAQ:DGXX) shares climbed 7% on Wednesday after the company announced plans to invest $35 million in NVIDIA’s next-generation Vera Rubin platform, a move designed to expand the capabilities of its NeoCloudz GPU-as-a-Service business. Investment Targets Next Wave of AI Infrastructure The agreement calls for the acquisition of NVIDIA Vera Rubin systems,…
-
USA Rare Earth Secures Up to $1.6 Billion in Federal Backing to Expand Domestic Supply Chain (USAR)
Shares of USA Rare Earth (NASDAQ:USAR) gained 5% in early trading on Wednesday after the company announced it had entered into definitive agreements with the U.S. Department of Commerce, providing access to as much as $1.6 billion in funding to support the buildout of its rare earth operations. Federal Funding Package Supports Long-Term Growth Strategy…
-
U.S. Private Employers Add More Jobs Than Expected in Sign of Labor Market Strength
The latest ADP National Employment Report pointed to stronger-than-anticipated hiring across the U.S. private sector, with employers adding 122,000 jobs in May and exceeding economists’ expectations. The result came in above the consensus forecast of 118,000 new positions, suggesting labor market conditions remain more resilient than many analysts had projected. Hiring Momentum Accelerates from Previous…
-
Wall Street Futures Signal a Softer Start to Trading: Dow Jones, S&P, Nasdaq
U.S. stock futures pointed to a slightly weaker opening on Wednesday, suggesting equities may pull back after posting modest gains over the last several sessions. Investor sentiment remains cautious as uncertainty surrounding the Middle East continues to linger, with diplomatic efforts between the United States and Iran showing little sign of a breakthrough. Geopolitical Tensions…
-
Gold Slips as Rising Oil Prices and Inflation Concerns Temper Safe-Haven Demand
Gold prices moved lower on Wednesday as escalating tensions in the Middle East pushed oil prices higher, reinforcing concerns that inflationary pressures could remain elevated and delay potential interest-rate cuts from major central banks. By 05:42 ET (09:42 GMT), spot gold had fallen 1.0% to $4,444.86 per ounce, while U.S. gold futures were also down…