After a significant pullback from its peak, semiconductor firm Marvell Technology is at the center of a debate between investors bullish on its AI and data center growth and those wary of its stretched valuation and customer concentration risks.
Intel Corp. reported second-quarter results and a third-quarter forecast that significantly surpassed Wall Street expectations, driven by surging demand for its data center chips amid an AI boom.
Intel Corp. shares soared in after-hours trading following a second-quarter earnings report that crushed analyst expectations, driven by strong AI demand. The positive sentiment lifted other chipmakers, while companies like Deckers and MaxLinear saw mixed reactions to their results.
Intel Corp. reported second-quarter revenue and earnings that far surpassed Wall Street estimates, signaling robust demand for server chips and triggering a rally in the shares of competitors AMD and Arm.
GE HealthCare announced its Chief Financial Officer, Jay Saccaro, will depart the company in August. The medical device maker also issued preliminary second-quarter results, projecting a 5.7% revenue increase and reaffirming its full-year guidance.
Swiss chocolate maker Lindt & Sprüngli has been sued in a U.S. federal court, with the lawsuit alleging the company misleads consumers about the use of child labor in its West African cocoa supply chain.
Prediction market Kalshi saw trading volume and user traffic double its projections during the 2026 FIFA World Cup, even as the company faces mounting legal challenges from state regulators over its event-based contracts.
S&P Global Ratings has upgraded its outlook on Synopsys (NASDAQ: SNPS) to positive from stable, citing the company's significant progress in paying down debt taken on for its Ansys acquisition.
S&P Global Ratings has revised its outlook for homebuilder Lennar Corp. to stable from positive, citing declining revenue and compressed gross margins amid a challenging housing market driven by affordability constraints.
