DEXWireNews

DEXWireNews

Shares of MobilEye Global ( NASDAQ:MBLY ) took a significant hit on Friday, slumping over 8% in after-hours trading, following reports that Intel Corporation (INTC) is considering selling a portion of its nearly 88% stake in the company. This move comes as Intel looks for ways to bolster its financial standing amid ongoing challenges. Both companies have struggled...

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GameStop ( NYSE:GME ) is set to report its quarterly earnings on Tuesday, September 10th, after the market closes. Analysts are bracing for a challenging report, expecting lower revenue, a slightly larger net loss, and a significant decline in comparable store sales year-over-year. However, the stock's recent technical setup and less volatile trading pattern...

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DocuSign (NASDAQ: NASDAQ:DOCU ) recently announced its Q2 FY2025 financial results, demonstrating continued business stability and efficiency improvements. The company's performance highlights its successful evolution and expansion into the AI-powered Intelligent Agreement Management (IAM) space, with record operating profit and optimistic market reception. Key...

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Key Highlights of UiPath’s Q2 CY2024 Results: - Revenue: $316.3 million, a 10.1% year-on-year increase, beating analyst estimates of $303.7 million. - Adjusted Operating Income: $6.45 million, well above expectations of $0.4 million. - Earnings Per Share (Non-GAAP): $0.04, slightly ahead of expectations of $0.03. - Annual Recurring Revenue (ARR): $1.55 billion, up...

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Broadcom ( NASDAQ:AVGO ) Faces Challenges Post Earnings: What Investors Need to Know? Broadcom Inc. (NASDAQ: NASDAQ:AVGO ), a key player in the semiconductor and software sectors, has seen its stock tumble after the company reported a loss in its fiscal third-quarter earnings. The loss was primarily attributed to merger-related expenses and amortization costs...

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C3.ai (NYSE: NYSE:AI ) is facing a challenging day on the stock market after reporting its fiscal first-quarter earnings, even though it exceeded top- and bottom-line estimates. The company’s stock has plunged over 14% in Thursday’s session, reflecting investor concerns despite a strong earnings report. Overview C3.ai reported revenue of $87.2 million for the...

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Introduction Applied Digital (NASDAQ: NASDAQ:APLD ), a prominent player in the data center and digital infrastructure space, has recently made headlines with a 65% surge in its stock price, following a major funding deal. The company secured $160 million from a group of investors, including tech giant Nvidia, positioning it as a significant force in the AI and...

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Key Highlights - Nio cuts losses while setting a new record for vehicle deliveries in Q2. - Deliveries jumped 143.9% year-over-year, and vehicle sales surged 118.2%. - Nio’s Q3 guidance beats forecasts, showcasing resilience in a competitive EV market. Overview Nio, one of China’s leading electric vehicle (EV) manufacturers, continues to demonstrate remarkable...

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Overview: U.S. Steel’s proposed $14.9 billion merger with Nippon Steel is facing a major roadblock as President Joe Biden is reportedly set to block the bid, citing national security concerns. This development follows intense scrutiny from the White House, labor unions, and bipartisan political opposition, throwing the future of the deal into uncertainty. Merger...

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Hewlett Packard Enterprise (NYSE: NYSE:HPE ) recently reported its fiscal third-quarter earnings, showcasing a mixed bag of results driven by strong AI demand but tempered by other segment weaknesses. Despite beating revenue expectations, HPE's stock saw a dip in extended trading, reflecting a complex balance between growth potential and market...

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Zscaler (NASDAQ: NASDAQ:ZS ), a prominent cloud security platform, experienced a significant drop of 17.8% in pre-market trading after its latest earnings release. While the company beat analysts' expectations on billings, revenue, and operating income for the quarter, its guidance for billings in the upcoming year fell short of market expectations. This mixed...

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Dollar Tree Inc. (NASDAQ: NASDAQ:DLTR ) shares plummeted by nearly 19% recently, reflecting the immense pressures the discount retailer faces in today’s challenging economic environment. The company’s Q2 earnings report not only missed analysts' expectations but also highlighted broader concerns about the financial strain on American consumers. Earnings Miss...

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WiSA Technologies, Inc. (NASDAQ: NASDAQ:WISA ) is making waves in the audio and HDTV market, and its recent developments suggest a promising future. With a strategic focus on licensing its WiSA E technology to major HDTV brands, the company is positioned to capitalize on the growing demand for enhanced audio experiences across various platforms. Here’s a...

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Nvidia CEO Jensen Huang has seen his fortune plummet, crashing out of the $100 billion club after Nvidia’s stock tumbled nearly 10% on Tuesday. The sell-off slashed $9.9 billion from Huang’s net worth, dropping it to $94.9 billion. Despite this, Huang remains one of the biggest winners in the AI boom, adding $51 billion to his wealth this year alone as demand for...

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As Dick’s Sporting Goods (NYSE: NYSE:DKS ) prepares to announce its second-quarter fiscal 2024 earnings on September 4, all eyes are on the specialty retail giant. Investors and analysts alike are eager to see if the company can continue its impressive performance from the previous quarters, particularly given the robust growth expectations and the broader...

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Overview: Fed's Potential Rate Cut and Its Implications for Bitcoin The Federal Reserve's upcoming interest rate decision is creating waves across financial markets, with Bitcoin and other cryptocurrencies in the spotlight. According to analysts from Citi, the Fed is expected to announce a 0.5% rate cut in their September meeting, driven by weaker-than-expected...

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Boeing (NYSE: NYSE:BA ), once a stalwart of American industrial might, faces significant challenges that have cast a shadow over its future prospects. The aerospace giant's financial woes have worsened as Wells Fargo recently downgraded its stock to “underweight,” slashing the target price to $119—a staggering 32% downside from its last closing price. Here's a...

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Key Takeaways: - Broadcom ( NASDAQ:AVGO ) shares have reclaimed their 50-day moving average after a steep correction but face volatility ahead of the upcoming Q3 earnings report. - Investors are focusing on Broadcom's AI chip sales growth and its full-year outlook amid rising AI demand. - Key technical levels suggest potential volatility, with both downside and...