News Powered By AI
News Powered By AI
Qualcomm shares fell 7% after the chipmaker reported better-than-expected quarterly earnings but provided a weaker-than-anticipated earnings forecast, citing memory shortages affecting smartphone demand.
Figma shares fell 7% after reporting third-quarter earnings that beat Wall Street expectations, though the company prioritized long-term growth over near-term revenue by expanding AI credit allocations to customers.
Nintendo Switch 2 sales fell 41% in fiscal Q2 to 2.67 million units as price increases and memory supply constraints pressured demand, though the company maintained its annual sales forecast.
Rheinmetall cut full-year guidance citing military contract delays and ammunition delivery setbacks, sending shares down 16.1% as the defense firm grapples with postponed weapons procurement programs.
Advanced Micro Devices reported third-quarter earnings that beat expectations, with revenue jumping 45% and data center sales nearly doubling year-over-year. CEO Lisa Su projected server revenue would double in 2027.
Novo Nordisk’s shares rose sharply after third-quarter results beat expectations, driven by strong Wegovy pill sales and improved guidance, though competition from rivals remains intense.
