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Fabrinet reported record fourth-quarter revenue of $1.316 billion, up 45% year-over-year, driven by data center and communications infrastructure demand, with data center revenue growing 68% to represent 51% of total revenue.
Nvidia is investing $1.5 billion in a partnership to develop an 8-gigawatt AI data center campus in Ohio for OpenAI, highlighting growing electricity demands from artificial intelligence infrastructure.
Credo Technology shares climbed 8.82 percent to $282.82 ahead of earnings results, with the company guiding revenues to more-than-double year-over-year for fiscal 2027’s first quarter.
Home Depot beat earnings expectations in its fiscal second quarter and reaffirmed full-year guidance, citing market share gains despite what executives described as ‘frozen housing market conditions.’
Target raised its full-year outlook after posting quarterly earnings boosted by a $752 million tariff refund, with comparable sales growth outpacing Wall Street estimates.
Lowe’s reported mixed quarterly results and revised its full-year outlook downward, citing pressure in home improvement spending as consumers remain cautious amid a slower housing market.
