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Snowflake Stock Soars 22% on AI Growth, Adding $24B in Value
Snowflake shares surged 22% after the company reported accelerating revenue growth and raised its full-year outlook, adding roughly $24 billion in market value.
PG&E Shares Tumble 5% on $2B Capex Cut Amid Regulatory Uncertainty
PG&E shares dropped 5.2% after the utility postponed $2 billion in 2027 capital spending, citing financing costs and regulatory uncertainty. The company reaffirmed 2026 guidance but trimmed expansion plans.
Small Caps Lead Market Rebound as Wall Street Breaks Losing Streak
Wall Street rebounded Wednesday, ending a three-day losing streak. The Russell 2000 led gains, rising 1.1%, while Snowflake surged 22% in after-hours trading.
Credo Plunges 20% on Valuation Worries Despite Record Revenue
Credo Technology shares tumbled 20% on Wednesday despite record revenue, as investors balked at a rich valuation and declining GAAP margins. Analysts remain bullish, but concentration risk looms.
Live Nation Rises 1.3% as Venue Expansion Tests Margin Strategy
Live Nation shares rose 1.3% as new venue openings test margin mix, with Q2 revenue up 9% and ticketing AOI up 14%.
Palo Alto Networks Stock Slips 9% on GAAP Loss Despite Strong Sales
Palo Alto Networks stock dropped 9.3% despite 34% revenue growth, as a GAAP net loss of $282 million overshadowed strong sales. FY2027 guidance projects 23-24% growth.
Apple's $200 iPhone 18 Pro Max Price Hike Tests Premium Strategy
Apple shares held steady near $324 as investors weighed a possible $200 price increase for the iPhone 18 Pro Max, which would lift the starting price to $1,399.
Tesla Cybercab Launch Faces Critical Fleet-Scale Test as Shares Hold Near $356
Tesla shares hold near $356 ahead of the Cybercab launch, with investors focused on fleet-scale deployment. Morgan Stanley sees the event as a key test.
DraftKings Recovers 3.3% as $200 Promo Spurs ROI Concerns
DraftKings (DKNG) shares rose 3.3% to $24.21 after extending a $200 new-user bonus, but analysts question promo ROI amid declining revenue per payer.
HPE Stock Slips Despite Record Revenue and Raised Guidance
HPE's record Q3 revenue and raised guidance couldn't prevent a 3.7% after-hours dip. Networking and AI segments surge, but investors eye margins.