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Lululemon Cuts Forecast, Piling Pressure on Incoming CEO
Lululemon cut its annual revenue and profit outlook after weak U.S. demand, sending shares down 9% after hours. The company now expects fiscal 2026 revenue of $11.00–$11.15 billion.
Rubrik Shares Dip Despite Strong Revenue Growth and Raised Forecast
Rubrik shares slipped 3% despite a 39% revenue surge and raised fiscal 2027 forecast, as AI security demand boosts subscriptions but GAAP losses and competition persist.
Planet Labs Q1 Revenue Surges 42% to Record $94.2M, Backlog Hits $906M
Planet Labs posted record Q1 revenue of $94.2M, up 42% YoY, beating estimates. Backlog surged 72% to $906M on defense demand, but net loss ballooned to $138.9M on a $106.5M warrant revaluation.
Dow Hits Record as Oil Retreats, Healthcare Surges; Broadcom Disappoints
The Dow rose 1.60% to a record 51,496.83 as oil prices eased and hopes for an end to the Iran war lifted healthcare and financial shares, offsetting weakness in AI stocks led by Broadcom.
ChronoScale Rockets 18% on Tesla Vet's Appointment as CTO
ChronoScale shares jumped 17.8% to $22.43 after naming former Tesla VP Raj Jegannathan as CTO and Lawrence Lam as CPO, signaling a push to scale its AI infrastructure business.
IonQ Shares Dip as Quantinuum IPO Sets New Quantum Valuation Benchmark
IonQ shares slipped 1.4% after Quantinuum's Nasdaq debut at $68 per share, valuing the Honeywell-backed quantum firm at $17.6 billion and offering a fresh benchmark for the sector.
Oscar Health Jumps 15% on Wells Fargo Upgrade Citing Better Exchange Outlook
Oscar Health shares surged 15.5% to $23.68 after Wells Fargo upgraded the stock to Equal Weight, citing improved 2026 exchange trends but limited visibility beyond this year.