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NVMI News30 articles
Camtek Shares Plunge 16% Despite Q1 Beat as Margins Shrink and Inflation Fears Hit Chip Sector
Camtek shares fell 15.8% despite a slight Q1 earnings beat, as margin pressure and a hotter-than-expected April CPI report weighed on the AI chip trade.
Kennedy Center Main Building to Close for Two-Year $257M Renovation
The Kennedy Center will close its main building for two years starting immediately, using $256.657 million in federal funds, while facing a projected $23 million operating shortfall.
Enova's Grasshopper Deal Collapse Wipes Out $1.37B in Market Value
Enova's decision to abandon its Grasshopper Bancorp acquisition erased $1.37 billion in market value, with shares plunging 24% as investors question the company's strategic direction.
Veea Soars 158% on NovaGen Deal, But Valuation Terms Remain Unclear
Veea shares jumped 158% on news of a proposed merger with NovaGen Group, yet the $750 million valuation lacks critical deal terms, leaving investors without a clear target price.
Kennedy Center Faces Cash Crunch Amid $257M Renovation Fund
The Kennedy Center's board weighs crisis resolutions amid a $257M repair fund, raising questions about liquidity and governance.
GE Vernova's Investor Conference: Key Test for 125 GW Gas Target
GE Vernova CEO Scott Strazik addresses investors Wednesday, with the company's 125 GW gas equipment goal under scrutiny. Conversion rates, cash flow, and wind losses are key watch points.
Amex Innovation Ranking: Why Investors Should Focus on Data, Not Awards
American Express' No. 3 innovation ranking highlights its data platforms, but investors should focus on expense trends and ROI from initiatives like Lumi and Passport.
Nova Scotia's New Utility Review Could Reshape Emera's Profit Model
Nova Scotia opens a review that could tie Nova Scotia Power's profits to performance metrics, altering Emera's regulatory outlook. No immediate financial impact, but long-term risk for EMA shareholders.
Novartis Shares Plunge 9% as Key Drug Trial Misses Goal
Novartis shares tumbled 9% after its lead Avidity drug failed a pivotal trial, erasing about $22 billion in value and raising doubts about its pipeline.
GE Vernova T&D India Soars 6.5% on L1 Bid for Power Grid's HVDC Project
GE Vernova T&D India shares surged 6.5% after Power Grid named it the lowest bidder for a 6,000 MW HVDC project, but the contract value remains undisclosed.
Novartis Surges on MS Drug Data, $3B Peak Sales Forecast
Novartis (NVS) shares jumped 5.6% after Phase III trials for remibrutinib in multiple sclerosis met primary endpoints, with BofA projecting $3B peak sales. Full data due Oct 21-23.
Novartis Jumps 6% on Remibrutinib Data as Patent Cliff Looms
Novartis ADRs jumped 6% after remibrutinib met Phase III endpoints in multiple sclerosis, easing concerns about patent expirations. Stock hit $161.22.
Novavax Dips Slightly After Nuvaxovid Gains Approval in US, EU, Japan
Novavax shares slipped 0.6% to $9.00 after regulatory approvals for its updated vaccine in the US, EU, and Japan. The company now relies on partners like Sanofi for commercialization, with royalties expected but not yet in guidance.
PepsiCo's Mountain Dew Trolli Launch Tests Innovation Amid Volume Dip
PepsiCo expands its Mountain Dew Trolli collaboration with new flavors and distribution, aiming to counter a 4% beverage volume decline. The stock remains below analyst targets.
Space Innovators ETF Surges 18% as SpaceX Rally Boosts Portfolio
Tema Space Innovators ETF (NASA) gained 18.2% last week, outperforming peers, as SpaceX shares surged and investors await earnings from Rocket Lab and AST SpaceMobile.
Amazon Streamlines AI Strategy, Trims Nova Model Lineup Amid $200B Capex Push
Amazon is discontinuing most Nova AI models to focus on frontier research. Q2 earnings due Thursday as $200B capital plan pressures cash flow.
GE Vernova Dips 4% as Cash Flow Timing Raises Investor Concerns
GE Vernova shares slipped 4% as investors focused on cash flow timing, despite a record $176 billion backlog and robust demand from data centers.
Aurora Innovation Surges on 1,000-Truck Production Target
Aurora Innovation shares rose 4.8% after the company announced a goal of reaching a 1,000-truck annual production run-rate by year-end, highlighting robust order momentum.
NovaGold Jumps 10% on Deal to Acquire Full Donlin Gold Stake
NovaGold shares surged 10.3% to $6.21 after agreeing to acquire Paulson Advisers' 40% interest in Donlin Gold, increasing legacy shareholders' effective stake to 65%.
GE Vernova Boosts Cash Flow Forecast by $5B; Shares Slide on Quality Concerns
GE Vernova lifted its 2026 free cash flow midpoint by $5B, yet shares reversed gains as analysts questioned the cash quality. Strong order growth of 88% was overshadowed.
GE Vernova Turbine Demand Surges, but Stock's Valuation Tests Limits
GE Vernova stock dips 4.49% after a failed technical breakout, even as turbine demand remains robust. The company's high valuation and execution risks are in focus.
Baker Hughes, Novartis, Microsoft Deepen Job Cuts Amid AI Shift
Baker Hughes and Novartis announce additional U.S. layoffs, while Microsoft and Coursera continue tech restructuring. AI cited in 31% of June job cuts.
GE Vernova's Weekly Gains Narrow as Q2 Earnings Approach
GE Vernova (GEV) closes the holiday week up 6.5% but shares fell 5.3% over two sessions, narrowing the cushion to Bernstein's $1,206 target ahead of Q2 earnings.
Nova Scotia Gas Prices Climb Ahead of Canada Day; Diesel Holds Steady
Nova Scotia gasoline prices increased 3.6 cents per litre this week, while diesel stayed flat. The regulator removed a negative adjustment, lifting gasoline, but diesel remained unchanged.
GE Vernova's Turbine Demand Story Fails to Halt Weekly Slide
GE Vernova (GEV) fell 3.71% Friday, erasing most of its midweek rebound and capping a 7.31% weekly loss as investors await Q2 earnings for proof of backlog conversion.
Onto Innovation Stock Surges, Nears Key Convertible Note Conversion Price
Onto Innovation shares jumped 7.5%, closing in on the $381.80 conversion price of its $1.5B convertible notes. The stock now trades 10.2% below that level, with analysts maintaining a $358.82 average target.
Aurora Innovation Shares Fall Amid Cash Burn Concerns and Pilot Revenue
Aurora Innovation shares slid 2.1% to $6.42, landing between Uber's block sale price and a director's purchase level, as the autonomous truck developer reports $1 million in Q1 revenue and expects further capital raises.
GE Vernova Bounces Back as AI Power Demand Drives Focus on Electrification
GE Vernova shares rebounded 3.6% after a sharp May decline, fueled by strong AI-driven data-center demand and record electrification orders.
Aurora Innovation Bounces Back After 23% Slide, Driverless Truck Launch Ahead
Aurora Innovation shares recovered 2.68% to $6.13 after a seven-day 23% decline, as investors eye the Q2 second-gen hardware rollout and driverless truck deployment target.
Aurora Innovation Stock Edges Higher Despite Uber's Partial Exit
Aurora Innovation shares edged up Friday as the market weighs Uber's partial exit against the company's ambitious 2026 driverless truck rollout plans.