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Broadcom Stock Edges Lower Ahead of Q3 Earnings, AI Revenue Target in Focus
Broadcom shares slipped 0.5% as investors await Q3 earnings, with AI revenue guidance of $16 billion and margin trends under scrutiny. The stock traded at $368.01.
TSX Bounces Back After BoC Holds Rates; Miners Lead Recovery
The S&P/TSX Composite recovered 46% of Tuesday's drop after the Bank of Canada held rates, with miners surging 2.2% while energy stocks fell 0.63%.
AST SpaceMobile Surges 9% on Bold $92 Price Target from Berenberg
AST SpaceMobile (ASTS) rallied 9% after Berenberg set a $92 price target, implying a 51% upside and $12.1 billion in added market value.
GitLab Shares Jump 14% on Strong Revenue, ARR Growth
GitLab (GTLB) shares rose 14% after quarterly revenue and ARR growth topped 40%, though adjusted free cash flow fell sharply.
Booking Holdings Up 1.3% Despite Fake Listing Probe
Booking Holdings (BKNG) rose 1.3% despite a Which? investigation into a fake 10 Downing Street listing, suggesting investors view it as a control issue.
SpaceX Shares Dip 1.9% as AI Spending Weighs on $1.84T Valuation
SpaceX stock slipped 1.9% on Wednesday as investors weighed heavy AI-related capital spending against a $1.84 trillion market valuation, even as Q2 revenue surged 91.9%.
Scorpio Gold ADS Rockets 129% on Nasdaq Debut, Premium Widens
Scorpio Gold ADS (SGLD) skyrocketed 129% to $11.66, trading at a 50% premium to TSX-V shares. However, cash reserves are thin, raising funding concerns.
Plug Power Stock Slips as Cash Runway Shrinks to 2.7 Quarters
Plug Power stock slipped 0.5% after reporting cash sufficient for only 2.7 quarters at its Q2 burn rate, despite margin improvements.
GoPro Shares Trade at $1.20, 5.3% Above Starman's $1.14 Cash Offer
GoPro shares opened at $1.20 on Wednesday, 5.3% above Starman Optical's $1.14 cash offer. Investors also retain a 10% stake in the combined entity, but the premium reflects deal risks and potential competing bids.
Nokia Eyes EURO STOXX 50 Return, Stock Edges Up
Nokia (NYSE:NOK) shares edged up 0.3% in premarket trading as the company prepares to re-enter the EURO STOXX 50 index on September 21, a move expected to boost demand from benchmark funds.