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Western Digital reports roughly 90% of its business tied to cloud customers, with exabyte demand expected to grow over 25% annually. The company expects supply constraints to persist through 2027.
Nvidia shares surged nearly 9% after releasing strong earnings guidance, adding approximately $440 billion to its market capitalization and bolstering investor confidence in sustained artificial intelligence demand.
BRP posted a quarterly loss due to tariffs but raised full-year guidance anyway, citing strong off-road vehicle demand and market share gains across its brands.
Ciena reported third-quarter results showing $1.67 billion in revenue and an $8.5 billion backlog, driven by hyperscale AI infrastructure spending with projections exceeding $10 billion by fiscal year-end.
BioMarin Pharmaceutical’s stock rose 5% after reaching a binding settlement with Ascendis Pharma to resolve a global patent dispute over achondroplasia drug Yuviwel.
Dollar General’s second-quarter earnings beat and raised full-year guidance, while Dollar Tree’s results included substantial one-time tariff benefits that masked underlying performance concerns.
