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Nissan cut its annual sales forecast for the second time as Chinese competition intensifies, while CEO Ivan Espinosa outlined plans to expand exports of China-developed vehicles globally.
Cerebras Systems reported third-quarter revenue growth and announced a new partnership with Microsoft, sending shares up approximately 7% on Friday.
Cisco reported stronger-than-expected first-quarter fiscal results and raised its AI infrastructure revenue forecast to $9 billion, more than double the prior year’s figure.
McDonald’s reported mixed quarterly results with U.S. same-store sales declining 0.2%, though better than analyst expectations, while shares closed up more than 6% Wednesday.
Uber reported third-quarter revenue that beat analyst expectations, though its core ride-hailing and delivery segments missed forecasts. The company’s shares rose more than 7% as CEO emphasized investments in driver supply.
Nintendo Switch 2 sales fell 41% in its fiscal second quarter to 2.67 million units, with price hikes and memory shortages cited as contributing factors.
