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Sea Limited Revenue Surges Past Estimates, But Cost Pressures Persist
Sea Limited reported Q1 revenue of $7.1B, beating estimates by $600M, but EPS missed by $0.10. Shopee's record GMV and Garena's strong quarter were offset by rising costs.
Shopify Tumbles on Q2 Margin Outlook Despite Strong Q1 Beat
Shopify shares slid 7% Monday after Q2 guidance missed expectations on margins, despite a Q1 revenue and GMV beat. The market is reassessing the AI commerce bull case.
GoPro Turns Sale Candidate After Q1 Losses and Takeover Interest
GoPro's board launches a strategic review after unsolicited takeover interest tied to its defense and aerospace push. Q1 earnings show revenue down 26%, gross margin at 4.3%, and a going-concern warning.
Target's Rally Hits a Wall as Earnings Prove Crucial
Target shares dropped 5.44% Monday, the steepest decline since August, as the market demands tangible proof of a turnaround ahead of the May 20 earnings report.
Figure Technology Surges as Q1 Loan Volume Rekindles Growth Debate
Figure Technology shares surged 3.7% premarket after Q1 consumer loan marketplace volume jumped 113% to $2.9B and net revenue rose 98% to $167M. Q2 guidance of $3.8-$4.1B beat expectations, and Jefferies raised its price target to $43.
Indian Markets Plunge as Crude Surge and Rupee Record Wipe Out $115 Billion
Indian shares suffered their worst session in six weeks, losing $115 billion in market value, as surging crude prices and a record-low rupee deepened macroeconomic concerns.
D-Wave's Record Bookings Show Promise, Revenue Lag Remains Concern
D-Wave's Q1 bookings hit $33.4M, up 1,994%, driven by a $20M system sale. Revenue fell 81% to $2.9M, and net loss widened to $18.4M. Shares rose 6.47%.
Nasdaq Futures Dip as Oil Surge and CPI Data Test Wall Street Records
Nasdaq 100 futures fell 0.68% early Tuesday as traders braced for April CPI data and oil prices surged, threatening Wall Street's recent record highs. Goldman Sachs pushed its rate cut forecast to December.
FuelCell Energy Hits 52-Week High on AI Data Center Power Demand
FuelCell Energy shares hit a 52-week high of $15.94, surging 16% as investors bet on fuel cells for AI data centers. Revenue rose 61% to $30.5M, but net loss widened to $26.1M.
GSI Technology Surges 39% on Strong Revenue, Cash Position, and Edge AI Focus
GSI Technology shares surged 39% on Monday following a 22% revenue increase and a strong cash position, highlighting its edge AI push.