Options data suggests a potential 4% move for General Electric shares following its earnings release on July 16. Historically, the stock's actual post-earnings move has exceeded the market's implied volatility in five of the last eight quarters.
Shares of The Simply Good Foods Company surged after the nutritional snacking firm reported fiscal third-quarter results that significantly surpassed analyst expectations and raised its full-year sales forecast.
Aehr Test Systems (NASDAQ:AEHR) announced a significant follow-on production order from a key customer for its wafer-level test system, driving shares higher on strong demand for silicon photonics used in AI infrastructure.
Barclays has highlighted several 'Power-as-a-Service' companies poised to benefit from an AI infrastructure buildout that could exceed $1 trillion in spending by 2028, driven by the immense energy needs of data centers.
Gloo Holdings (NASDAQ:GLOO) shares fell sharply in premarket trading after the company priced its public offering of 7 million shares at $3.25 each, aiming to raise approximately $22.75 million in gross proceeds.
Cerebras Systems shares rose sharply after the AI firm announced a multi-billion dollar plan to build data centers in Europe and a seven-fold increase in its US manufacturing capacity for its CS-3 AI accelerator.
Aehr Test Systems (AEHR) shares surged after the company announced a significant follow-on production order from its lead silicon photonics customer. The deal is for its automated FOX-XP wafer-level burn-in system, used for testing devices critical to AI and data center infrastructure.
The S&P 500 and Nasdaq opened higher, lifted by a rally in semiconductor stocks, while the Dow Jones Industrial Average fell as investors reacted to renewed geopolitical tensions between the U.S. and Iran.
Shares of Seagate Technology surged after a sector-wide pullback, as investors refocused on the company's strong fundamentals and bullish analyst outlooks tied to AI infrastructure demand.
