Denny’s rival dining chain files for Chapter 11 bankruptcy
Asani Restaurant Group LLC, owner of Buttermilk Eatery, filed for Chapter 11 bankruptcy protection in Florida on August 31, listing over $75,000 in assets and over $407,000 in debts.
Dell surges 9% after lifting fiscal 2027 forecast on AI server strength
Dell Technologies shares rose 9% after reporting fiscal second-quarter results and raising full-year guidance, driven by strong demand for AI servers and data center hardware.
Palo Alto Networks beats quarterly estimates on AI demand, continues acquisition spree
Palo Alto Networks exceeded quarterly expectations as rising artificial intelligence threats drive customer demand for cybersecurity solutions. The company announced continued acquisition activity to expand its AI security capabilities.
Xpeng shares sink as weak delivery forecast overshadows $6.3 billion robot unit valuation
Xpeng shares fell over 9% in Hong Kong after the EV maker issued weaker-than-expected third-quarter delivery guidance, though its robotics unit secured a $6.3 billion valuation.
Nvidia adds more than $400 billion in value after blowout earnings boost AI confidence
Nvidia shares surged nearly 9% after the chip company projected strong artificial intelligence demand and 70% revenue growth for fiscal 2028, adding over $440 billion to its market capitalization.
Marvell’s (MRVL) Data Center Machine Keeps Rewriting Its Own Forecast
Marvell reported record second-quarter revenue of $2.739 billion and raised full-year fiscal 2027 guidance to approximately $12 billion, driven by data center sales growth of 46% year over year.