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TPH News30 articles
CrowdStrike Shares Rally 8% on AI Cybersecurity Optimism Amid Insider Sale
CrowdStrike shares jumped 8% as AI cybersecurity names rebounded, with CEO George Kurtz selling 5,000 shares under a pre-set plan. Q1 fiscal 2027 earnings are set for June 3.
Centrica Plummets 5% as Retail Earnings Warning Overshadows £370M Gas Plant Buy
Centrica shares dropped 5.16% after warning retail energy earnings will hit the low end of 2026 forecasts, despite a £370 million deal to buy the Severn gas power plant.
CrowdStrike Surges Past $500 on AI Security Momentum and Partner Initiatives
CrowdStrike shares surged past $500 on Thursday, buoyed by a new partner app and a Mizuho upgrade, as AI security momentum returns to the spotlight.
Palantir Drops Despite Record Revenue; Commercial Miss Triggers Selloff
Palantir shares slipped 1.4% to $134.04 despite record quarterly revenue of $1.63B. A $10M miss in U.S. commercial revenue triggered the decline, even as the company raised 2026 guidance.
Powell Industries Lands Record $400M Data Center Order, Backlog Hits $1.8B
Powell Industries' new orders nearly doubled to $490 million in fiscal Q2, driving backlog to a record $1.8 billion. The company also secured its largest-ever data center order of over $400 million after quarter-end.
Mirum Surges on Volixibat Success in PSC Itch Trial, FDA Filing Targeted
Mirum Pharmaceuticals announced volixibat met its primary endpoint in a Phase 2b trial for PSC, reducing itch scores. Shares rose 9%. The company plans a pre-NDA FDA meeting this summer and a U.S. filing in H2 2026.
nVent Electric Surges on Data Center Demand, Raises 2026 Outlook
nVent Electric raised its 2026 sales and profit forecasts after Q1 net sales surged 53% to $1.24 billion, driven by data-center demand for liquid cooling and power equipment.
Vanguard Takes 7.5% AEP Stake as Jennison Trims Ahead of Earnings
Vanguard disclosed a 7.51% passive stake in AEP, while Jennison trimmed and the Texas pension fund increased its position ahead of the utility's May 5 earnings call.
Royal Caribbean Beats Q1 Estimates, Fuel Costs Trim 2026 EPS View
Royal Caribbean beat Q1 earnings estimates but trimmed its 2026 adjusted EPS outlook to $17.10-$17.50, citing higher fuel costs. Shares rose 8.7% after a rebound in bookings.
Altria Shares Surge 7% on Q1 Earnings Beat Amid Price Hikes
Altria shares rose 7% after Q1 earnings beat estimates, driven by price hikes that offset a 2.4% drop in cigarette shipments.
Meta's $145B AI Capex Plan Triggers After-Hours Stock Slide Despite Strong Earnings
Meta shares dropped 5% in after-hours trading after the company boosted its 2026 capex forecast to $145 billion, overshadowing a 33% revenue surge to $56.31 billion.
Sagimet Biosciences Soars After $175M Stock Sale to Fund Acne Drug Trial
Sagimet Biosciences shares surged 38% after announcing a $175 million stock offering to fund a Phase 3 acne trial for denifanstat, with proceeds expected to support dermatology programs through 2028.
Veradermics Soars After Hair-Loss Drug Meets Trial Goals
Veradermics shares jumped 40% after its oral hair-loss drug VDPHL01 met all main goals in a Phase 2/3 trial, with patients seeing significant hair count increases.
Nvidia's Market Cap Surges Past $5.27 Trillion Ahead of Key AI Earnings Reports
Nvidia's market value topped $5.27 trillion on Monday, up 3.3%, ahead of earnings from major AI infrastructure spenders that will test demand for its chips.
Walmart's China Growth and Express Delivery Bolster Trillion-Dollar Valuation
Walmart's stock holds above $129, maintaining a $1 trillion market cap, driven by strong China growth and new one-hour delivery options at Sam's Club.
SpaceX IPO: Starlink and Starship at Forefront as $1.75 Trillion Valuation Looms
SpaceX's confidential IPO filing targets a $1.75 trillion valuation, with Starlink's cash generation and Starship's advancements key to investor appeal.
Micron's AI Memory Surge Revives Trillion-Dollar Valuation Debate
Micron Technology shares rose 3% premarket Monday as strong fiscal Q2 results and surging AI memory demand reignited discussions about the company's path to a $1 trillion valuation.
Broadcom's Custom AI Chip Surge Powers $2 Trillion Valuation
Broadcom reaches $2 trillion market cap on custom AI chip demand and Google TPU supply deal. Q1 revenue jumps 29%, AI semiconductor sales double to $8.4B.
Infleqtion Under Pressure After Major Share Distribution by LCP Funds
Infleqtion shares dropped 5% after LCP Quantum-linked funds distributed over 30.5 million shares, removing their 10% owner status. The quantum tech firm reported $32.5M revenue and $35.3M loss.
BlackRock Trims Archer Aviation Stake as eVTOL Firm Nears FAA Milestones
BlackRock disclosed a 6.9% passive stake in Archer Aviation, down from 8.1% in January, as the air taxi developer progresses toward FAA certification and a shareholder vote on moving to Texas.
Altria Faces Pivotal Earnings as CEO Transition Looms and Smoke-Free Future Hangs in Balance
Altria Group (MO) reports Q1 earnings April 30 as CEO Billy Gifford prepares to retire May 14. Analysts expect $1.25 EPS on $4.58B revenue. The company faces declining cigarette volumes and a critical test for its nicotine pouch strategy.
House Democrats Demand UPS Explain Tariff Refund Distribution
House Democrats are pressing UPS CEO Carol Tomé for details on how tariff refunds from a Supreme Court ruling will reach customers, with a May 22 deadline for written answers.
Enterprise Products Partners Prepares for Earnings and Distribution Payout
Enterprise Products Partners (EPD) closed at $38.00 ahead of first-quarter earnings on Tuesday and a $0.55 per-unit distribution on May 14. Analysts expect EPS of $0.71.
Tesla's Cash Flow Triumph Outshines Revenue Shortfall in Q1
Tesla's first-quarter free cash flow of $1.44 billion impressed investors, overshadowing a revenue miss and sending shares higher after hours. The company is amassing cash to fund its ambitious AI and autonomous driving initiatives.
HCLTech Plunge Triggers IT Rout, Drags Sensex and Nifty Lower
Indian equity benchmarks snapped a three-day winning streak as HCLTech's disappointing growth forecast triggered a sharp selloff in IT stocks, with the Nifty 50 closing below 24,500.
QXO Strikes $17B Deal for TopBuild, Cementing Building-Products Ambitions
QXO announced a definitive agreement to acquire insulation specialist TopBuild for approximately $17 billion in cash and stock. The transaction, offering a 23% premium, aims to create the second-largest publicly traded building-products distributor in North America.
Amazon Strikes $11.6B Deal for Globalstar to Accelerate Satellite Network
Amazon has entered an agreement to purchase satellite communications firm Globalstar in a deal valued at approximately $11.6 billion. The acquisition is designed to bolster Amazon's low-Earth orbit satellite constellation and accelerate its push into direct-to-device connectivity.
Mizuho Trims Quantum Computing Targets After Nvidia Conference
Shares of IonQ, D-Wave Quantum, and Rigetti Computing declined after Mizuho reduced price targets, pointing to a sector reassessment following Nvidia's GTC event.
Wall Street Trims Losses as Strait of Hormuz Talks Ease Oil Shock Fears
Major U.S. equity indices pared steep morning losses by midday Thursday after reports of progress on reopening the critical Strait of Hormuz. Oil prices remained sharply higher, pressuring airline stocks.
CoreWeave CEO's $7.2M Stock Sale Triggers Share Price Decline
CoreWeave shares dropped sharply following an SEC filing revealing CEO Michael Intrator sold $7.2 million in company stock. The sale comes as the AI infrastructure provider plans massive capital expenditures to address its $66.8 billion backlog.