ADVFN US – Market Content Editor
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Meta Shares Dip After Report Signals Move Toward Closed AI Model
Meta Platforms (NASDAQ:META) slipped 1.2% on Wednesday, while Alibaba (NYSE:BABA) gained 2%, after a Bloomberg report said Meta is shifting its AI strategy and working on a closed, revenue-generating model that draws on technology from several Chinese companies, including Alibaba. The report said Meta is building a new AI system internally referred to as “Avocado,”…
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Palantir Shares Tick Higher After Winning $448 Million U.S. Navy Contract
Palantir Technologies Inc. (NYSE:PLTR) saw its stock rise 1.4% in premarket trading Wednesday after announcing a major new agreement with the U.S. Navy aimed at overhauling the nation’s Maritime Industrial Base through the Navy’s ShipOS modernization program. The deal—worth up to $448 million—will integrate Palantir’s Foundry platform and its Artificial Intelligence Platform (AIP) into naval…
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J.Jill Shares Drop 3% as Weak Q4 Guidance Overshadows Strong Q3 Beat
J.Jill, Inc. (NYSE:JILL) reported third-quarter earnings on Tuesday that surpassed Wall Street expectations, but the retailer’s cautious fourth-quarter outlook weighed on investor sentiment. Shares were down 2.97% in premarket trading following the announcement. The company delivered adjusted earnings of $0.76 per share, well above analyst forecasts of $0.59. Revenue totaled $150.5 million, slightly ahead of…
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REV Group Tops Q4 Estimates as Specialty Vehicles Drive Strong Performance
REV Group, Inc. (NYSE:REVG) reported fourth-quarter results on Tuesday that came in ahead of Wall Street expectations, with adjusted earnings per share of $0.83 surpassing forecasts by $0.07 and revenue of $664.4 million beating the consensus estimate of $645.35 million. Following the announcement, shares ticked up 0.70% in premarket trading. The manufacturer of specialty and…
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Daktronics Shares Jump 8% After Strong Q2 Results Beat Wall Street Targets
Daktronics, Inc. (NASDAQ:DAKT) surged 8.01% on Wednesday after the digital display maker reported fiscal second-quarter results that exceeded analyst expectations, fueled by solid revenue gains and stronger profitability. For the quarter ending November 1, 2025, the company posted adjusted earnings of $0.35 per share, topping the consensus estimate of $0.29. Revenue rose 10% year over…
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HeartBeam Shares Skyrocket After FDA Signs Off on 12-Lead ECG Synthesis Software
HeartBeam Inc. (NASDAQ:BEAT) saw its stock soar 52.6% in premarket trading Wednesday after the company announced that the FDA has granted 510(k) clearance for its 12-lead electrocardiogram (ECG) synthesis software designed for arrhythmia evaluation. The approval comes after HeartBeam successfully appealed a prior FDA decision that classified the technology as Not Substantially Equivalent (NSE). The…
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Chewy Stock Slips Even as Q3 Earnings Beat Wall Street Estimates
Chewy, Inc. (NYSE:CHWY) delivered stronger-than-expected results for the third quarter of fiscal 2025, but the stock reversed early gains. Shares initially jumped 3.9% in premarket trading before sliding more than 2% ahead of the opening bell. The pet-retail specialist reported adjusted earnings of $0.32 per share — more than double the consensus forecast of $0.13.…
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USA Rare Earth Shares Gain as Company Moves Up Production Start Date
USA Rare Earth, Inc. (NASDAQ:USAR) saw its stock climb 5% on Wednesday after the company revealed it will begin commercial output at its Round Top heavy rare earths project in Texas two years ahead of schedule. The firm now anticipates launching commercial operations in late 2028, accelerating development of what it calls the nation’s richest…
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Gold Eases Ahead of Fed Rate Decision; Silver Surges to New Record
Gold prices edged lower on Wednesday, giving back a portion of their recent advance as traders prepared for an anticipated Federal Reserve rate cut later in the day. At 08:15 ET (13:15 GMT), spot gold slipped 0.3% to $4,196.15 per ounce, while March gold futures also fell 0.3% to $4,224.30 per ounce. Gold softens before…
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Oil Prices Tick Higher After Large U.S. Crude Draw; Markets Watch Fed Decision and Ukraine Developments
Crude prices inched upward on Wednesday, supported by a sharper-than-expected drop in U.S. oil inventories and investor anticipation of a possible Federal Reserve rate cut, as well as ongoing updates surrounding peace discussions over Ukraine. As of 07:45 ET (12:45 GMT), February Brent futures were up 0.5% at $62.25 a barrel, while West Texas Intermediate…