ADVFN US – Market Content Editor

China’s semiconductor companies are aiming to expand their artificial intelligence chip output threefold in 2026, in an effort to lessen dependence on Nvidia (NASDAQ:NVDA), according to a report by the Financial Times on Wednesday. The report noted that Huawei intends to begin production at a dedicated AI chip facility by the end of 2025, with…

PayPal Holdings (NASDAQ:PYPL) saw its stock decline after multiple German banks blocked direct debit payments linked to the platform, citing suspicious or potentially fraudulent activity, according to Süddeutsche Zeitung. Shares of the digital payments company fell as much as 3.4% in premarket trading following the report. Merchants using PayPal’s services are reportedly waiting for payments…

J.M. Smucker (NYSE:SJM) reported first-quarter results on Wednesday that aligned with market expectations, while also increasing its sales outlook for the full year. However, the company’s profit guidance came in below analyst estimates. Shares of the packaged food company slid nearly 7% in premarket trading following the announcement. The company posted earnings per share of…

Kohl’s Corporation (NYSE:KSS) saw its stock surge roughly 15% in premarket trading Wednesday after reporting second-quarter results that significantly exceeded analyst expectations, despite ongoing challenges in a tough consumer environment. The retailer posted adjusted earnings per share of $0.56 for the quarter ending August 2, 2025, surpassing the consensus estimate of $0.30 by 26 cents.…

Gold mining leader Newmont Corp (NYSE:NEM) is reportedly preparing for significant layoffs as part of a broad effort to reduce costs, according to Bloomberg News. The company, the world’s largest gold producer, is reviewing ways to streamline expenses following its $15 billion acquisition of Newcrest Mining Ltd. in 2023. Bloomberg reports that Newmont has directed…

Foot Locker, Inc. (NYSE:FL) saw its stock decline on Wednesday after the company reported second-quarter results that fell below analyst forecasts, as weaker performance in its international and WSS segments offset gains in North America. Shares fell 2.42% in pre-market trading following the announcement. The retailer posted a non-GAAP loss of $0.27 per share, missing…

Zhihu Inc. (NYSE:ZH), a prominent Chinese online content community, posted a significant financial turnaround in the second quarter of 2025, swinging to profitability thanks to efficiency measures and AI integration. Following the announcement, Zhihu’s stock rose 2.59% in pre-market trading. The company reported a net income of RMB72.5 million (US$10.1 million) for Q2, compared with…

Shares of cloud banking software provider nCino (NASDAQ:NCNO) jumped more than 11% in premarket trading Wednesday after the company posted stronger-than-expected second-quarter results and raised its guidance for the full year. The Wilmington, N.C.-based company reported adjusted earnings of $0.22 per share, surpassing analyst estimates by $0.08. Revenue rose 12% year-over-year to $148.8 million, topping…

Okta Inc. (NASDAQ:OKTA) exceeded Wall Street expectations for its second-quarter earnings and revenue on Tuesday, also issuing an optimistic full-year outlook. Shares of the identity management company jumped over 5% in premarket trading Wednesday. The company reported earnings of $0.91 per share, surpassing analysts’ projections of $0.84. Revenue climbed to $728 million, above forecasts of…

Amer Sports (NYSE:AS) saw its shares climb 1.7% in premarket trading after HSBC upgraded the stock from Hold to Buy, highlighting strong sales growth prospects and potential margin expansion thanks to the company’s strategically positioned portfolio. HSBC also raised its price target from $38 to $50, reflecting higher earnings projections, with the bank’s EBIT forecasts…