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Qnity Electronics (Q) Valuation Check After Earnings Beat Guidance Hike And AI Demand Momentum
Simply Wall St.97d agobullish
Qnity Electronics (Q) Valuation Check After Earnings Beat Guidance Hike And AI Demand Momentum

Qnity Electronics (Q) is back in focus after first quarter results topped expectations and the company raised its full year 2026 earnings guidance, tightening projected net sales to US$5.225b to US$5.375b. See our latest analysis for Qnity Electronics. After an early pop on the earnings beat and guidance hike, Qnity’s share price has cooled slightly, with a 1 day share price return showing a 3.77% decline, but the 90 day share price return of 49.27% and year to date share price return of...

Cisco Stock Soars on Plan to Cut Staff in Favor of AI Spending
The Wall Street Journal97d agobullish
Cisco Stock Soars on Plan to Cut Staff in Favor of AI Spending

Shares in Cisco Systems (CSCO) surged premarket after the company laid out plans to cut thousands of jobs to free up cash for artificial intelligence. In announcing it plans to shed about 5% of its workforce just this quarter, Cisco joins a number of companies making drastic cuts to adapt to the AI era—most recently GitLab (GTLB), which made headlines earlier this week when it outlined plans to shrink its footprint and headcount, scrap layers of management and use AI to automate certain functions. Cisco shares are up about 18% ahead of the opening bell.

Taiwan's Foxconn reports forecast-beating 19% jump in Q1 profit on AI demand
Reuters98d agobullish
Taiwan's Foxconn reports forecast-beating 19% jump in Q1 profit on AI demand

Net profit for January-March for Nvidia's ​biggest server maker and Apple's top iPhone assembler was T$49.92 billion ($1.58 billion), versus a LSEG consensus estimate of T$48.88 billion. In an earnings release, it stuck to its previous forecast of "strong" growth for revenue this year ‌and said it also ⁠saw strong demand for AI servers. Foxconn, formally called Hon Hai Precision ⁠Industry, in April reported a 30% on-year jump in first-quarter revenue.

Cisco Soars on Sales Forecast, AI-Focused Restructuring Plan
Bloomberg98d agobullish
Cisco Soars on Sales Forecast, AI-Focused Restructuring Plan

(Bloomberg) -- Cisco Systems Inc. gained as much as 19% in late trading after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Iran War in

Michael Burry buys beaten-down fintech stock after earnings
TheStreet98d agobullish
Michael Burry buys beaten-down fintech stock after earnings

A stock fell nearly 13% after earnings on May 8. By the next morning, Michael Burry had already bought a full position. He posted about it on Substack before the market opened. The speed of that move tells you almost everything about how Burry thinks. The details of why he moved tell you the rest. ...

Netflix price surge signals end of passive subscriber era
TheStreet98d agobullish
Netflix price surge signals end of passive subscriber era

For years, Netflix operated on a simple premise: charge people a monthly fee, create engaging content, and grow. That model worked brilliantly. But something has quietly shifted. Netflix (NFLX) just raised prices again. And while the sticker shock is real, the more important story is what's ...

Nvidia Rally Propels Stocks to New Records
The Wall Street Journal98d agobullish
Nvidia Rally Propels Stocks to New Records

The latest leg of a blistering Nvidia stock rally fueled fresh records for the S&P 500 and Nasdaq Wednesday, after Chief Executive Jensen Huang joined a high-stakes China summit that could determine the next phase of the global AI arms race. Shares of Nvidia rose 2.3%, their sixth consecutive day of gains. In a sign of the chip maker’s dominance over the market, Nvidia in intraday trading became the first company to reach a market capitalization of $5.5 trillion.

Ford stock surges 13% on investor optimism for new energy storage business
Reuters98d agobullish
Ford stock surges 13% on investor optimism for new energy storage business

Investor support for Ford Motor's energy storage business sent its stock ‌soaring 13% Wednesday, the biggest single-day increase in ‌about six years, following a note from Morgan Stanley highlighting details released ​by the company on Monday. Ford announced its wholly-owned energy subsidiary late last year, and it is being directed by Lisa Drake, who has been a key leader in ‌the company's efforts around ⁠electric vehicles. • After a $19.5 billion writedown on its EV programs in December, ⁠Ford announced it would launch an energy storage business, utilizing plant space in Kentucky that was previously meant to produce ​batteries for ​electric vehicles.

Cisco Stock Soars As 'Very Strong, Broad-Based Demand' Drives Q3 Earnings Beat
Benzinga98d agobullish
Cisco Stock Soars As 'Very Strong, Broad-Based Demand' Drives Q3 Earnings Beat

Cisco Systems Inc (NASDAQ:CSCO) reported financial results for the third quarter of fiscal 2026 after the market close on Wednesday. Here’s a look at the key details from the report. Cisco Systems stock is approaching key resistance levels. What’s driving CSCO to record levels? Cisco Q3 Earnings Highlights Cisco posted third-quarter revenue of $15.84 billion, beating analyst estimates of $15.56 billion. The networking equipment company reported adjusted earnings of $1.06 per share for the quarte

Stocks Rally While Inflation Takes 30-year Yield to 5%
Barrons.com98d agobullish
Stocks Rally While Inflation Takes 30-year Yield to 5%

Wall Street was split on Wednesday, with stocks charging higher while Treasuries sold off following another poor auction that saw the 30-year Treasury yield reach 5%. The Dow fell 0.1%. Stocks gained despite a high inflation reading: Wholesale energy prices climbed 7.8% in April from March.

Gold Slips as US Inflation Resurgence Raises Odds of Fed Hike
Bloomberg98d agobullish
Gold Slips as US Inflation Resurgence Raises Odds of Fed Hike

(Bloomberg) -- Gold fell as the latest US data showed a resurgence in inflation, reinforcing bets that the Federal Reserve will keep interest rates higher for an extended period of time.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Iran War in LimboBullion dropped as much as 1% Wednesday after