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…
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…
A federal appeals court has ruled most of Donald Trump’s global tariffs illegal, shaking up the future of presidential powers over trade.The Thursday decision from the US Court of Appeals for the Federal Circuit has major immediate and long-term consequences for US trade, international diplomacy, and domestic law.The implementation of…
Affirm stock skyrocketed 17% on Friday after a robust quarterly earnings report and optimistic guidance for the fiscal year 2026.What really got investors excited was the whole package. Revenue was growing fast, they actually made money this quarter (which hasn’t always been a given), and suddenly the whole “buy now,…
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…
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…
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…
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…
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…