ADVFN US – Market Content Editor
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AMD Sells ZT Systems Manufacturing Arm for $3B, Keeps Key Engineers in AI Race Against Nvidia
AMD (NASDAQ:AMD) is sharpening its competitive edge in the data center GPU market by shedding low-margin operations while retaining critical talent. The chipmaker has agreed to sell the manufacturing unit of ZT Systems to Sanmina Corporation (NASDAQ:SANM) in a $3 billion deal announced on May 19, comprised of $2.55 billion in cash and stock, plus…
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Pony AI Sees Revenue Growth in First Full Quarterly Report Post-IPO
Pony AI (NASDAQ:PONY) posted a solid rise in revenue for the first quarter of 2025, marking its first full financial report since going public last November. The autonomous driving company, backed by Toyota, saw its U.S.-listed shares climb more than 8% in premarket trading Tuesday on the back of strong robotaxi performance. Revenue for the…
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Bilibili Stock Jumps After Q1 Beats on Earnings and Revenue Growth
Shares of Bilibili (NASDAQ:BILI) surged over 6% in U.S. premarket trading on Tuesday after the Chinese video-sharing platform posted first-quarter results that exceeded Wall Street forecasts. The company reported earnings per share of RMB0.85, comfortably ahead of the RMB0.52 expected by analysts. Revenue climbed 24% year-over-year to RMB7 billion, topping the consensus estimate of RMB6.91…
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Home Depot Shares Tick Higher After Reaffirming Outlook Despite Mixed Q1 Results
Home Depot (NYSE:HD) shares climbed 2.2% in premarket trading on Tuesday after the company reaffirmed its full-year forecast, despite delivering mixed first-quarter results for fiscal 2025. The home improvement giant generated $39.86 billion in revenue for the quarter, topping Wall Street expectations of $39.25 billion and marking a 9.4% increase compared to the same period…
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U.S. Stock Futures Edge Lower as Investors Await Retail Earnings, Home Depot in Spotlight
U.S. stock index futures moved slightly downward early Tuesday following a strong recent performance, as traders turn their attention to upcoming retail sector earnings. As of 5:50 a.m. ET, futures tied to the Dow Jones Industrial Average were down 90 points, or 0.2%. Futures for the S&P 500 dropped 21 points, or 0.4%, while Nasdaq…
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U.S. Stocks Recover From Initial Slump To Close Slightly Higher
Stocks came under pressure early in the session on Monday but regained ground over the course of the trading day. The major averages climbed well off their lows of the session before ending the day modestly higher. The Dow fell more than 300 points in early trading but ended the day up 137.33 points or…
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Capital One completes acquisition of Discover Financial, S&P upgrades ratings
On May 18, 2025, Capital One Financial Corp (NYSE:COF) finalized its acquisition of Discover Financial Services (NYSE:DFS). Following the completion, S&P Global Ratings raised Discover Financial Services’ issuer credit rating from ’BBB-’ to ’BBB’, matching Capital One’s current rating. S&P also upgraded Discover Bank’s issuer credit rating from ’BBB’ to ’BBB+’, with all issue ratings…
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Prime Medicine stock plummets amid restructuring and leadership changes
Shares of Prime Medicine, Inc. (NASDAQ:PRME) fell 19.2% following the company’s announcement of a strategic restructuring focused on large genetic liver diseases and cystic fibrosis, alongside significant leadership changes. The biotech firm plans to deprioritize its Chronic Granulomatous Disease (CGD) programs and reduce its workforce by about 25% to concentrate on its liver franchise and…
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Sable Offshore shares surge on production restart
Sable Offshore Corp. (NYSE:SOC) stock jumped 20% after announcing the restart of oil production at the Santa Ynez Unit and expected oil sales from the Las Flores Pipeline System in July 2025. Since May 15, six wells on Platform Harmony (JO:HARJ) have been producing about 6,000 barrels per day flowing to Las Flores Canyon. The…
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Tesla valuation problem ’to get worse before it gets better’: Morgan Stanley
Tesla’s high market valuation remains difficult to justify and may become even harder to defend soon, according to Morgan Stanley analysts. “Nearly 15 years after going public, investors struggle to justify the value of Tesla (NASDAQ:TSLA) as much as ever before,” the analysts wrote in a note to clients on Monday. “We expect this valuation…