The firm posted a Q1 net profit of $1 million, beating Wall Street expectations despite a softer-than-expected outlook for Q2.
Category: Business
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Ondas surges as Q1 revenue beats estimates, guidance raised
The stock is surging in premarket trading after having fallen about 9% year to date before Thursday.
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Take-Two climbs on reports that “GTA 6” pre-order dates were leaked by a Best Buy email
Shares of Take-Two climbed 6% in premarket trading Thursday.
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Intuitive Machines sinks after Q1 revenues miss estimates
Full-year sales guidance exceeded analysts’ expectations, though.
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POET Technologies surges after $50 million purchase order to launch partnership for new AI infrastructure
Poet and privately-held photonics company Lumilens are working together to deliver chip-level components that can speed the flow of information by translating electrical signals into photonics (and vice…
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Pension leaders overseeing more than $1 trillion in assets call SpaceX’s corporate structure “extreme”
Pension officials from New York and California have requested a meeting with Elon Musk to discuss their concerns.
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Marvell rises after strong Cisco earnings and price target hikes from Bank of America and Goldman Sachs analysts
Marvell Technology (MRVL) is enjoying another bump in its stock in early trading on Thursday following a series of target hikes from Wall Street analysts and strong readacross from Cisco, which is surging…
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Micron has unseated Nvidia and Tesla as the market’s most heavily traded stock
More than $46 billion has changed hands every day on average in the red-hot memory stock over the last five sessions.
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Nvidia rises on report that the US has cleared H200 chip sales in China for 10 firms, Foxconn’s profit beat adds to the optimism
The AI chipmaker got a double boost from H200 export approvals and stronger-than-expected profit from its key server partner.
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Doximity sinks on gloomy full-year revenue outlook, says AI compute costs are weighing on margins
The company reported earnings results on Wednesday.
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Lightwave Logic drops following Q1 earnings
Lightwave Logic (LWLG) released its Q1 earnings report Wednesday postmarket. The company reported increasing shortfalls as the photonics company continues to scale. Investors reacted by pushing the stock…
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USA Rare Earth gains after delivering better-than-expected quarterly results
The government-backed USA Rare Earths just released Q1 results.