Articles by James Calloway
Snail Inc. Shares Surge 125% on Q1 Profit, ARK Sales Boost
Snail Inc. (SNAL) shares surged over 125% in premarket trading after reporting Q1 net income of $2.1 million, driven by strong ARK franchise and Bellwright sales.
Senate Banking Committee to Debate CLARITY Act as Crypto Regulation Nears Key Vote
The Senate Banking Committee begins debate on the CLARITY Act, a crypto market structure bill, with over 130 amendments filed. The bill's fate hinges on bipartisan support amid bank-crypto divisions.
Fermi Inc. Raises Voting Threshold Amid Founder Dispute
Fermi Inc. raised its shareholder vote threshold to 70% for key bylaw changes, escalating the conflict with ousted co-founder Toby Neugebauer ahead of Q1 earnings.
Eos Energy Unveils Cerberus-Backed Storage Venture as Q1 Revenue Surges 445%
Eos Energy Enterprises reported a 445% surge in Q1 revenue to $57 million and launched Frontier Power USA, a Cerberus-backed storage venture, while working toward profitability.
Alibaba's AI Cloud Bet Drives Stock Surge Amid Profit Dip
Alibaba's cloud revenue surged 38% to 41.63 billion yuan, fueling a stock rally even as operating profit swung to a loss of 848 million yuan, highlighting the AI investment trade-off.
Cisco's AI Surge Lifts Nasdaq to Record, But Inflation Pressures Fester
Cisco Systems surged 20% after hours after boosting its AI order goal to $9 billion, helping the Nasdaq close at a record. But a hotter-than-expected PPI report keeps the Fed on hold.
Enovix Shares Slide Despite Q1 Beat as Smartphone Battery Tests Remain Incomplete
Enovix shares dropped 12.9% in after-hours trading Wednesday despite beating Q1 revenue and adjusted-loss estimates, as smartphone battery qualification remains unfinished.
USA Rare Earth Q1 Revenue Misses, Cash Pile Grows to $1.75B Amid China Supply Squeeze
USA Rare Earth posts $5.7M Q1 revenue, $67M net loss, and $1.75B cash. Texas grants $14.18M for Round Top, while $1.6B Commerce funding awaits. Serra Verde acquisition targets non-China rare earth supply.
Aeluma Shares Slide 16% After Q3 Loss and Reduced Revenue Outlook
Aeluma shares dropped 16.3% after hours after the company posted a $1.8 million Q3 loss and trimmed its 2026 revenue outlook to $4.2-$4.6 million.
Doximity Shares Dive on Weak 2027 Revenue Outlook, AI Hype Fails to Impress
Doximity shares tumbled 19% after hours as its fiscal 2027 revenue forecast of $664-$676 million fell well short of Wall Street estimates, overshadowing strong AI adoption metrics.
Fermi’s Proxy Battle Intensifies Ahead of Q1 Earnings, Founder Pushes for Board Overhaul
Fermi founder Toby Neugebauer pushes for board changes despite the board canceling a May 29 meeting. Q1 earnings are due Thursday, with focus on Project Matador tenant negotiations.
Wix Shares Tumble 27% on Q1 Earnings Miss and AI Investment Concerns
Wix stock plunged 27% after Q1 adjusted earnings missed forecasts and the company reported a GAAP net loss of $57.5 million, as AI investments weighed on margins.