Ambarella (NASDAQ: AMBA) stock soared 20% on Friday after the semiconductor company delivered second-quarter earnings that topped Wall Street expectations and issued guidance well ahead of analyst forecasts. The results underscored growing demand for the company’s edge artificial intelligence (AI) solutions, boosting investor sentiment.Earnings beat estimatesFor the quarter, Ambarella reported…
Lululemon stock price has moved from being one of the most beloved into a fallen angel, a trend that may continue after Gap, its key competitor, published weak results. LULU has plunged by 60% from its highest point in 2024.LULU stock faces a triple-whammyLululemon was one of the best-performing companies…
Nukkleus Inc (NASDAQ: NUKK) soared over 40% this morning after announcing a strategic joint venture with “Mandragola” aimed at modernising aviation infrastructure across Europe and Israel.The deal broadens NUKK’s presence in the fast-growing aircraft maintenance, repair, and overhaul (MRO) market, which was valued at about $110 billion in 2024.Nukkleus stock…
Itaú BBA reiterated its buy recommendations on Brazilian pulp and paper manufacturers Suzano (SUZB3) and Klabin (KLBN11), citing attractive valuations after its estimates update based on the companies’ second-quarter results.According to local media outlet InfoMoney, the analysis took into account a projected appreciation of the real, as per the bank’s…
Tech and finance headlines shook markets on Friday as Trump sparked controversy by cutting $4.9B in spending without Congress’s approval, while Elon Musk battles the SEC again over Twitter stock disclosure delays.The day started with July inflation numbers, which hit a five-month high at 2.9%, complicating the Fed’s September rate…
Super Micro Computer Inc. (NASDAQ: SMCI) saw its shares drop more than 5% on Friday after the artificial intelligence-focused server maker reiterated weaknesses in its internal control over financial reporting. The disclosure, made in a regulatory filing late Thursday, raised renewed concerns about the company’s governance and ability to deliver…
In a world where investors are used to seeing AI firms report exciting growth in data centre revenue – Marvell Technology Inc (NASDAQ: MRVL) came in shy of expectations on that front in Q2.Naturally, investors bailed on MRVL shares today, making it close down nearly 20%.Still, a senior JPMorgan analyst…
Intel has secured $5.7 billion in accelerated CHIPS Act funding from the US government.This is a significant step intended to fast-track the company’s expansion of domestic semiconductor manufacturing amid intense geopolitical and economic pressures.The payment, which arrived ahead of schedule, reflects a sweeping renegotiation of terms between Intel and the…
India’s economy started the new financial year on a stronger-than-expected note, with Gross Domestic Product (GDP) expanding 7.8% in the April-June quarter of FY26, according to data from the National Statistics Office (NSO). The reading marked a five-quarter high and surpassed economists’ projections of between 6.3% and 7%. The Reserve…
Denmark’s government has lowered its 2025 economic growth forecast to 1.4% from a previous projection of 3%, citing weaker prospects for pharmaceutical giant Novo Nordisk and new tariffs on Danish exports to the United States.The Ministry of Economy said in a statement on Friday that the downturn in expectations reflects…