ADVFN US – Market Content Editor
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Micron Shares Rise on Optimism Around AI-Driven Memory Demand
Micron Technology (NASDAQ:MU) shares gained 4.26% on Wednesday after upbeat forecasts from Seagate Technology (NASDAQ:STX) pointed to continued strong enterprise spending on artificial intelligence infrastructure. The update lifted sentiment across the data storage and memory sector in premarket trading. The move followed Seagate’s results, which underscored solid demand for storage and memory products linked to…
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Visa Shares Jump 5% After Q2 Earnings Beat Expectations
Visa Inc. (NYSE:V) reported second-quarter results that came in ahead of analyst forecasts, with both earnings and revenue surpassing expectations as strong transaction volumes continued to support performance. Shares rose more than 5% in premarket trading on Wednesday following the release. The company posted adjusted earnings per share of $3.31 for the fiscal second quarter,…
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Seagate Surges 17% Pre-Market After Strong Earnings Beat and Upbeat Outlook
Seagate Technology PLC (NASDAQ:STX) delivered third-quarter results that comfortably exceeded analyst expectations, reporting adjusted earnings per share of $4.10 and revenue of $3.11 billion—well above consensus forecasts of $3.48 and $2.95 billion. Revenue also jumped 44% year over year from $2.16 billion in the same quarter last year. Shares of the data storage group surged…
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Cognizant to Acquire Astreya in $600 Million Deal to Boost AI Capabilities
Cognizant Technology Solutions (NASDAQ:CTSH) has reached an agreement to acquire Astreya for approximately $600 million, according to a report by Reuters. The acquisition is expected to enhance Cognizant’s capabilities in AI infrastructure, as demand for artificial intelligence continues to grow across industries. The transaction is anticipated to close in the second quarter of 2026, subject…
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Pernod Ricard Abandons Merger Talks with Brown-Forman
Pernod Ricard (EU:RI) said it has called off discussions with Brown-Forman (NYSE:BF.A) after the two companies were unable to agree on deal terms. The negotiations, which had been underway for just over a month, ended without a transaction. Pernod Ricard had revealed on March 27, 2026 that it was exploring a potential tie-up with Brown-Forman,…
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UBS Profit Surges 80% in Q1, Tops Forecasts
UBS Group AG (NYSE:UBS) reported first-quarter net profit on Wednesday that exceeded expectations, supported by strong contributions from its wealth management and investment banking divisions. Net profit for the three months ending March 31 climbed 80% year over year to $3.0 billion, the bank said in a statement, comfortably ahead of Bloomberg consensus estimates of…
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Tesla Plans International Expansion of FSD Software Rollout
Tesla (NASDAQ:TSLA) announced on Tuesday that it intends to extend availability of its Full Self-Driving (FSD) software to more international markets, following the expected U.S. launch of its V14 Lite version for vehicles equipped with HW3 hardware. The company said the update is designed to ensure continued software support for HW3 vehicle owners, even as…
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Fiverr Jumps 10% After Revenue Beat and Upgraded Profit Outlook
Fiverr International Ltd. (NYSE:FVRR) reported first-quarter results on Wednesday that came in ahead of revenue expectations and lifted its full-year adjusted EBITDA forecast. Shares surged 10.23% in premarket trading following the announcement. The company posted adjusted earnings per share of $0.62, in line with analyst estimates, while revenue reached $105.5 million, exceeding the consensus forecast…
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Robinhood Falls 10% After Q1 Miss, Higher Expense Outlook Weighs
Robinhood Markets Inc. (NASDAQ:HOOD) reported first-quarter results that came in below expectations, with both earnings and revenue missing analyst forecasts. Shares dropped nearly 10% in premarket trading on Wednesday following the release. The company posted adjusted earnings per share of $0.38, falling short of the consensus estimate of $0.41. Revenue totaled $1.07 billion, also below…
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Starbucks Gains After Upgrading Outlook as Turnaround Momentum Builds
Starbucks (NASDAQ:SBUX) lifted its full-year 2026 guidance on Tuesday, raising expectations for both comparable-store sales growth and adjusted earnings per share, as CEO Brian Niccol continues to push forward a turnaround strategy that is attracting more customers back to stores. The company now expects comparable store sales to grow by at least 5.0% in fiscal…