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Silicon Motion Shares Surge 30% on Record Q1 Sales, AI Storage Demand
Silicon Motion posted a record Q1 with revenue doubling to $342.1M, driven by AI storage demand. Shares jumped 30% as the company issued a strong Q2 forecast.
Starbucks Shares Surge on Raised Outlook and Strong Q2 Sales
Starbucks shares surged 10% after Q2 global comparable sales rose 6.2%, beating estimates, and the company raised its fiscal 2026 outlook, signaling CEO Niccol's turnaround is working.
Teradyne Tumbles 16% on Weak Guidance Despite Record AI-Driven Quarter
Teradyne dropped 16% after guiding Q2 sales and profit below Q1 levels, even as record AI-related revenue fueled a 87% YoY surge in the first quarter.
Mastercard Shares Surge Ahead of Earnings Following Visa's Strong Results
Mastercard shares jumped 3.8% to $526.90 as investors cheered Visa's earnings beat and raised outlook, setting the stage for Mastercard's own Q1 report on Thursday.
GE HealthCare Cuts 2026 Profit View on Rising Costs, Stock Plunges
GE HealthCare cut its 2026 profit forecast as rising chip, oil, and freight costs, along with tariffs, squeezed margins. Shares fell nearly 13%.
New US Export Curbs Target Applied Materials, Chip Tool Shipments to China's Hua Hong
The US Commerce Department ordered Applied Materials, Lam Research, and KLA to halt some chip-tool shipments to China's Hua Hong, targeting advanced chip production facilities. AMAT shares fell 5.8%.
Cognizant Shares Slide as Weak Guidance, Cost-Cutting Plan Overshadow $600M AI Deal
Cognizant shares dropped after second-quarter revenue guidance fell short of analyst forecasts, overshadowing a $600 million deal for AI firm Astreya and a new cost-cutting program.
ON Semiconductor Shares Surge on Major EV Chip Deals with Geely and NIO
ON Semiconductor shares jumped 8% after announcing expanded silicon carbide chip deals with Geely and NIO for 900V electric vehicle platforms.
NXP Surges on Auto Chip Revival and Strong Forecast
NXP shares jumped up to 25% after the company forecast Q2 revenue and profit above Wall Street estimates, signaling a rebound in automotive and industrial chip demand.
Google Parent Alphabet Faces AI Spending Scrutiny Ahead of Q1 Earnings
Alphabet reports Q1 earnings Wednesday. Analysts expect $107B revenue, with focus on AI spending, Google Cloud growth, and Gemini's impact.
Vertiv Acquires Liquid-Cooling Firm as AI Data Centers Heat Up
Vertiv Holdings Co has acquired Strategic Thermal Labs, a Texas-based liquid-cooling specialist, to strengthen its AI and high-performance computing data center offerings. The move follows a 30% jump in Q1 net sales.
NIO Shares Surge 8.7% as Onvo L80 SUV Pre-Sales Begin
NIO stock surged 8.7% in Hong Kong after its Onvo brand began pre-sales for the L80 large electric SUV, priced from 245,800 yuan. The launch follows NIO's first quarterly net profit.