Core Scientific announced a deal to provide chipmaker AMD with up to 2.5 gigawatts of data center capacity. The agreement supports the deployment of AMD's AI systems and marks a significant expansion for the bitcoin miner into the high-performance computing market.
Shares of global memory chip makers like Micron and Samsung declined sharply after Chinese rival ChangXin Memory Technologies (CXMT) raised $8.6 billion in a record Shanghai IPO, stoking investor concerns over a potential price war.
Semiconductor shares declined in premarket trading amid investor concerns over the sustainability of AI-related spending and rising competition, while positive earnings from UPS and Carrier Global sent their stocks higher.
Shares of the cruise operator fell after its second-quarter revenue and net income fell short of expectations, outweighing a stronger-than-expected profit report and a raised full-year forecast.
The British pharmaceutical giant announced a three-year, £1.9 billion cost-reduction program aimed at reallocating funds to its late-stage drug development, coinciding with a second-quarter profit beat that sent its shares higher.
Costco Wholesale shares gained in pre-market trading as investors positioned ahead of its September earnings report, supported by strong recent sales figures and a broader market shift into consumer defensive stocks.
Replimune Group (NASDAQ: REPL) stock dropped sharply after the U.S. FDA released critical briefing documents ahead of an advisory panel meeting, citing significant concerns with the efficacy data for its melanoma therapy, RP1.
S&P Global reported second-quarter earnings that missed analyst expectations for profit, sending its stock down despite a slight revenue beat. The results mark the company's first financial report since separating its Mobility division.
Shares of IQVIA Holdings jumped after the life sciences technology firm reported second-quarter earnings and revenue that surpassed analyst estimates and provided a constructive full-year forecast.
