ADVFN US – Market Content Editor
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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…
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New Short Bets Hit the S&P 500 as Nasdaq 100 Positioning Strengthens
Investor positioning across major U.S. equity benchmarks continued to drift lower last week, with the S&P 500 seeing an uptick in newly established short positions, Citigroup strategists said. The team, led by Chris Montagu, highlighted that the Nasdaq 100 is bucking this broader trend. Fresh long positions combined with short covering have lifted overall net…
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Oil Slips on Fears of Oversupply Despite Attention on Ukraine Peace Efforts
Oil prices edged lower on Tuesday as renewed worries about a potential supply glut in 2026 outweighed ongoing uncertainty surrounding Russian crude flows, with negotiations to end the war in Ukraine showing little progress. Brent crude slipped 33 cents, or 0.5%, to $63.04 a barrel at 07:30 GMT, while West Texas Intermediate (WTI) was down…
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Gold Extends Rally as Traders Boost December Rate-Cut Expectations; U.S. Data Wave Approaches
Gold prices continued their upward momentum in Asian trading on Tuesday, building on strong overnight gains as markets increasingly bet that the Federal Reserve will lower interest rates at its December policy meeting. Growing investor caution ahead of several high-impact U.S. economic releases also supported safe-haven flows, allowing gold to climb even as the dollar…
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Dollar Stays Firm as Traders Brace for Heavy U.S. Data; ING Highlights Euro Mispricing
The U.S. dollar held its ground on Tuesday as investors stayed on the sidelines ahead of a wave of long-delayed economic releases. The upcoming numbers could be pivotal in determining whether the Federal Reserve cuts rates at its December meeting. At 04:15 ET, the Dollar Index was nearly unchanged at 100.072. Market Pauses Before Key…