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CTS News26 articles
Palantir Gains on Defense AI Prospects Amid Golden Dome Speculation
Palantir shares advanced 2.8% in early trading Wednesday following a Reuters report that the company is collaborating on software for the Trump administration's Golden Dome missile defense system. The move comes days after the Pentagon designated Palantir's Maven Smart System as a program of record.
Palantir's Defense AI Contracts Face Risk from Anthropic Legal Challenge
Palantir Technologies shares showed minimal movement as legal experts suggest Anthropic has a strong case against its Pentagon blacklisting. The outcome could force Palantir to replace AI models in critical defense software.
Reviva Pharma Enacts Reverse Split to Fend Off Nasdaq Delisting
Reviva Pharmaceuticals Holdings has implemented a 1-for-20 reverse stock split to boost its share price and avoid a Nasdaq delisting, with a critical compliance deadline of March 27. The company also faces financing challenges for an additional Phase 3 trial of its schizophrenia drug candidate, brilaroxazine.
Marvell Projects $15 Billion Revenue by 2028 on Surging AI Infrastructure Demand
Marvell Technology issued a bullish long-term forecast, projecting revenue could approach $15 billion by fiscal 2028, significantly above Wall Street expectations. The chipmaker's shares jumped 15% after it also reported strong quarterly results and guidance.
Pakistan Rejects JPMorgan's Roosevelt Hotel Bid, Opts for Joint Venture
Pakistan has declined JPMorgan Chase's bid to purchase the Roosevelt Hotel in New York. The government plans to seek a redevelopment partner but will maintain a stake in the property.
Okta Projects Sluggish Revenue Growth Amid Enterprise Spending Caution
Okta's first-quarter revenue guidance of $749M-$753M missed Wall Street expectations, marking its weakest projected growth since going public. The identity management firm beat Q4 estimates but struck a cautious tone on enterprise spending.
National Grid Awards £3 Billion in Contracts for Major UK Power Link
National Grid has finalized contracts worth approximately £3 billion for its Eastern Green Link 3 project, with NKT securing a record €2.2+ billion cable order. The 680 km link aims to be operational by 2033.
Malaysia Clarifies Lynas License Terms Amid US Mineral Pacts
Malaysia's trade ministry stated that recent US trade and critical minerals agreements do not alter the technical conditions imposed on Lynas Rare Earths' Malaysian operations. The ministry confirmed Lynas's 10-year operating license renewal, granted on March 3, 2026, remains subject to strict waste management deadlines.
Palantir Gains on Pentagon AI Shake-Up, Maven Contracts in Focus
Palantir shares climbed 4% to $153.19 in extended trading following a Pentagon directive to remove Anthropic's AI from defense platforms, affecting key Maven contracts. Federal agencies are shifting to OpenAI and Google alternatives.
Oracle Cloud Disruption Impacts TikTok Ahead of Key Earnings Report
A service disruption in Oracle's US East cloud region caused posting delays for TikTok users this week, highlighting ongoing reliability challenges. The incident occurs just days before Oracle's fiscal Q3 earnings release.
Toast Projects Accelerated Restaurant Growth for 2026 Amid AI Rollout
Toast anticipates adding more net new restaurant locations in 2026 than in 2025, with executives highlighting growth from enterprise clients and the new Toast IQ AI platform. Shares gained 0.9% premarket.
Target Projects 2026 Sales Rebound as New CEO Charts Turnaround
Target Corporation has issued a 2026 outlook projecting a return to net sales growth of approximately 2%, alongside an earnings per share forecast between $7.50 and $8.50. The retailer's shares advanced 5.5% in premarket trading following the announcement.
Rio Tinto Shares Slide on Geopolitical Tensions, Company Advances Projects
Rio Tinto shares declined more than 2% in early London trading, pressured by broader market losses amid heightened Middle East tensions. The company simultaneously moved forward with a major mineral sands restart and a critical minerals pilot plant.
DroneShield Gains on Defense Contracts Amid Geopolitical Tensions
DroneShield Limited closed up 6.9% at A$3.87 in Sydney trading, buoyed by A$21.7 million in new contracts and heightened investor focus on defense assets amid renewed Middle East instability.
SSE Awards Major Subsea Cable Contracts in £950m Scottish Grid Upgrade
SSE has named five contractors for a framework worth up to £950 million to modernize subsea power links to Scottish islands. The utility's shares held steady near recent highs following the announcement.
Boeing Gains on Defense Contracts, Supplier Progress Amid FAA Scrutiny
Boeing shares advanced Friday as new defense awards and supplier quality improvements offset regulatory attention on older 737 aircraft inspections.
Transocean Surges on $184M Norway Rig Contracts, Valaris Merger Support
Transocean shares rallied 10% after securing $184 million in new Norway rig contracts and gaining key shareholder backing for its planned $5.8 billion all-stock acquisition of Valaris.
Samsung Begins HBM4 Shipments, Projects 2026 Sales to Triple Amid AI Memory Boom
Samsung Electronics has commenced shipments of its next-generation HBM4 memory chips, forecasting a more than threefold increase in HBM sales for 2026. The announcement fueled a 6.4% share price surge as competition with SK Hynix and Micron intensifies.
Apple Shares Dip Slightly After Hours as Bernstein Boosts Target on AI Prospects
Apple shares edged lower in after-hours trading, while Bernstein raised its price target to $340, highlighting upcoming AI features and rising memory costs as key investor focuses.
Lithium Prices Steady Amid Sluggish Chinese Demand; Miners Secure Floor-Price Contracts
Spot lithium carbonate prices in China held near 136,000 yuan per ton as buying activity slowed. Australian miner PLS Group signed a two-year supply deal with Canmax Technologies featuring a $1,000 per ton floor price.
Cisco Reaches Record High Before Earnings, JPMorgan Boosts Target on AI Prospects
Cisco shares closed at a record $86.78 ahead of its February 11 earnings report. JPMorgan raised its price target to $95, citing AI potential, while options imply a 6% post-earnings swing.
IREN Shares Surge on AI Cloud Prospects Despite Quarterly Loss
IREN stock rallied over 10% in after-hours trading as analysts highlighted potential new AI cloud contracts, overshadowing a quarterly net loss of $155.4 million.
AppLovin Shares Surge 13% After Short Seller Retracts Allegations Ahead of Earnings
AppLovin stock rallied sharply in after-hours trading following CapitalWatch's apology and retraction of key claims against a major shareholder. The company reports quarterly results on February 11.
Datavault AI Shares Extend Gains Following Revenue Forecast and New Contracts
Datavault AI (DVLT) shares advanced approximately 4% in premarket trading Monday, building on a 33% surge from the prior session. The move follows the company's preliminary 2025 revenue projection of at least $30 million and $49 million in new agreements.
Boeing Shares Climb on Major Order Prospects from India and Saudi Arabia
Boeing stock rose 2.6% to $243.03 Friday, lifted by potential aircraft deals worth up to $80 billion from India and a 150-jet order discussion with Saudi Arabia. Supply chain and regulatory challenges remain key hurdles.
Coca-Cola to Discontinue Frozen Products Ahead of Q4 Earnings Report
Coca-Cola will phase out its frozen product lines in North America by early 2026, as shares edge higher ahead of Tuesday's quarterly results. Options markets anticipate a 3% post-earnings move.