Super Micro Computer stock (NASDAQ: SMCI) surged 18% after the AI-server maker delivered a profitability surprise, but Goldman Sachs remains firmly unconvinced that one favourable quarter has repaired the business model. Super Micro expects fiscal fourth-quarter gross margins of 15% to 17%, versus earlier guidance of 8.2% to 8.4%. It also received more than $60
JD Wetherspoon shares fell about 9% on Wednesday after the pub chain warned that full-year profits are likely to come in below market expectations, marking its fourth profit warning in just seven months as persistent cost pressures continue to weigh on Britain’s hospitality sector. The FTSE 250 company said sales remained resilient, but higher spending
Hyperliquid (HYPE) remained under pressure on Wednesday, trading below the $60 mark as buyers struggled to push the token above its 50-day Exponential Moving Average (EMA) at $62.70. The token continues to face headwinds from declining institutional interest and weakening retail participation, while technical indicators suggest bearish momentum remains intact. Although trading activity has picked
Cardano (ADA) is down by 1.5% on Wednesday after failing to overcome resistance at the 50-day Exponential Moving Average (EMA) near $0.1770. The rejection erased the momentum from two consecutive recovery sessions earlier in the week, leaving the cryptocurrency vulnerable to additional downside. Weakening activity in the derivatives market and subdued technical momentum suggest traders
Airbus shares surged more than 7% on Wednesday after the European aerospace giant unveiled a €5 billion ($5.7 billion) share buyback programme and laid out ambitious medium-term financial targets, reinforcing investor confidence that easing supply-chain constraints and sustained demand for commercial and military aircraft will drive the company’s next phase of growth. The announcement came
Ripple’s XRP has been consolidating over the past few hours and is trading around $1.13. The performance comes as improving risk appetite sparked a broader recovery across the cryptocurrency market. The mixed market performance follows reports that mediators are working toward a 10-day halt in hostilities between the United States and Iran, aiming to revive
Intel stock (NASDAQ: INTC) heads into Thursday’s earnings with expectations running ahead of a turnaround story. Shares remain up more than 160% this year despite falling over 30% from June’s high, as investors bet that AI-server demand can revive the company’s processor business and support its manufacturing ambitions. Wall Street expects second-quarter revenue of about
Novo Nordisk has filed a lawsuit against Eli Lilly (LLY) in a US federal court, accusing its rival of running false and misleading advertising campaigns for its blockbuster diabetes and weight-loss drugs. The lawsuit, filed Tuesday in the US District Court for the District of New Jersey, alleges that Eli Lilly and Lilly USA violated
US-listed shares of Taiwan Semiconductor Manufacturing Co. rose nearly 4% in pre-market trading on Tuesday after a report said the world’s largest contract chipmaker has finalized plans to increase chipmaking prices next year. According to a Nikkei Asia report, TSMC has completed discussions with customers on base-price increases ranging from 5% to 10% for both
Celestica stock has moved into a bear market, mirroring the performance of other artificial intelligence (AI) companies. CLS dropped to $307 in New York, down by over 35% from its highest level this year. This retreat will be put to the test when the company publishes its financial results next week. Celestica stock in focus