ADVFN US – Market Content Editor
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TSMC reports 26% sales surge in July amid persistent AI chip demand
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) posted robust revenue growth in July, reflecting continued strength in artificial intelligence-driven chip demand. The company reported that its revenue for July climbed 25.8% year-over-year, reaching T$323.17 billion ($10.8 billion). Compared to June, sales rose 22.5%, signaling a strong mid-year performance. As a crucial supplier to major AI chipmakers like…
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Twilio drops over 12% as Q3 guidance disappoints despite Q2 beat
Twilio Inc. (NYSE:TWLO) shares plunged more than 12% in premarket trading on Friday after the company issued third-quarter earnings guidance that fell short of expectations, despite reporting better-than-expected results for the second quarter. For the quarter ending June 30, 2025, Twilio reported adjusted earnings of $1.19 per share on revenue of $1.23 billion, surpassing analyst…
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Pinterest tumbles over 11% as Q2 U.S. and Canada sales fall short of peers
Pinterest (NYSE:PINS) saw its shares drop more than 11% in U.S. premarket trading on Friday after the social media platform missed expectations for second-quarter revenue in its largest market, prompting concern among analysts. Analysts at Stifel highlighted that Pinterest’s sales performance in the U.S. and Canada lagged behind other digital advertising players. They pointed to…
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Atlassian posts strong Q4 results on robust cloud growth; FY26 outlook meets expectations
Atlassian Corp Plc (NASDAQ:TEAM) saw its stock edge slightly higher in premarket trading on Friday after reporting fourth-quarter earnings that beat Wall Street forecasts, powered by continued strength in its cloud and AI offerings. While full-year results were upbeat, revenue guidance for fiscal 2026 came in just shy of consensus. For the quarter ending June…
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Trade Desk stock plunges after modest Q2 beat and flat guidance
Shares of The Trade Desk (NASDAQ:TTD) plummeted in premarket trading Friday, dropping over 28%, after the company delivered second-quarter results that slightly exceeded expectations but failed to impress investors with its outlook. The advertising tech firm reported adjusted earnings of 41 cents per share for the quarter ending June 30, just a penny above consensus…
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Gold Edges Higher on Tariff Worries; U.S. Duties on 1-Kilo Bars Raise Supply Concerns
Gold prices gained modestly in Asian markets on Friday, poised for a weekly advance as U.S. trade tariffs sparked renewed economic uncertainty. The focus also shifted to the possibility of new U.S. tariffs targeting one-kilogram gold bars, a development that could disrupt bullion markets and tighten physical gold availability. Spot gold rose slightly by 0.1%…
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Dollar slips as traders eye tariff impact; sterling buoyed by hawkish BoE signals
The U.S. dollar declined on Friday, on course for a weekly drop as investors remain cautious about the fallout from U.S. trade tariffs and President Donald Trump’s recent moves to shape Federal Reserve policy. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six currencies, fell 0.3% to…
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Oil prices hold steady but face sharp weekly declines amid tariffs and supply concerns
Oil prices were largely unchanged during Friday’s Asian session, yet they are poised for notable weekly losses due to mounting worries over demand softening from tariff measures and an impending supply surplus. Crude found temporary support after U.S. President Donald Trump announced tougher restrictions on Russia’s oil industry, including steep tariffs targeting India. These new…
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Bitcoin Surges to $116,500 Following Trump’s 401(k) Crypto Move, Altcoins Rally Strongly
Bitcoin (COIN:BTCUSD) extended its recent rally on Friday, boosted by U.S. President Donald Trump’s new executive order aimed at broadening the range of alternative assets, including cryptocurrencies, allowed in 401(k) retirement plans. Altcoins outperformed Bitcoin, with Ether approaching its 2021 all-time highs and XRP surging after the resolution of its long-running lawsuit with the U.S.…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. futures rise as Trump names interim Fed governor; TSMC and SoftBank benefit from AI momentum
Ahead of the week’s final trading session, U.S. stock futures showed modest gains Friday. President Donald Trump announced his choice of a close advisor to temporarily fill a vacant seat on the Federal Reserve Board of Governors. Meanwhile, Taiwan Semiconductor Manufacturing Co. (TSMC) posted a significant jump in July sales, and SoftBank (USOTC:SFTBY) shares surged…