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Dow Adds 650 Points in Midday Rally
Barrons.com16d agobullish
Dow Adds 650 Points in Midday Rally

Stocks climbed as Wall Street let out a sigh of relief that bond yields ticked lower and the odds of a Federal Reserve rate hike fell. The S&P 500 gained 1%, and the Nasdaq Composite rose 1.4%. The Dow Jones Industrial Average added 1.

Circle Stock Surges Thursday: What's Happening?
Benzinga16d agobullish
Circle Stock Surges Thursday: What's Happening?

Shares of Circle Internet Group Inc (NYSE:CRCL) are surging Thursday morning as a sharp rally in Bitcoin lifts sentiment across digital asset equities. Here’s what investors need to know. Circle Internet Group stock is showing exceptional strength. What’s driving CRCL stock higher? Bitcoin Breakout Drives USDC Liquidity And Transaction Demand Bitcoin’s rally above $80,000 on Thursday served as the main spark for Circle stock. When crypto prices surge, trading activity jumps across major exchange

Investing.com16d agobullish
Macquarie upgrades Broadcom on Anthropic compute ramp

Investing.com -- Macquarie upgraded Broadcom to outperform in a note to clients on Thursday, arguing that the risk from Google bringing chip production in-house has largely played out and that the company is now the cleanest listed way to gain exposure to artificial intelligence developer Anthropic's compute buildout.

Snowflake Loss Narrows, Stock Jumps Afterhours
The Wall Street Journal17d agobullish
Snowflake Loss Narrows, Stock Jumps Afterhours

Snowflake lifted its full-year forecast for product revenue after recording a narrower second-quarter loss, as artificial intelligence continued to drive its business. The cloud storage company on Wednesday reported a loss of $191.7 million, or 55 cents a share, compared with a loss of $298 million, or 89 cents a share, a year earlier. Analysts surveyed by FactSet were expecting $1.48 billion in revenue.

HP Enterprise Earnings Soar but Supply Constraints Aren’t Going Away
Barrons.com17d agobullish
HP Enterprise Earnings Soar but Supply Constraints Aren’t Going Away

HPE reported fiscal third-quarter adjusted earnings of $1.11 per share, which was a major jump from the earnings of 44 cents per share in the prior year period and ahead of analyst estimates of 93 cents per share, according to FactSet. “We are turning what I call exceptional demand into durable, profitable growth for a company and shareholders,” CEO Antonio Neri told Barron’s on Wednesday. HPE also raised its revenue outlook for the year.

Investing.com17d agobullish
Snowflake soars 20% on earnings beat and raised guidance

Investing.com -- Snowflake Inc (NYSE:SNOW) reported second quarter results that exceeded analyst expectations and raised its full-year outlook, sending shares up 20% in after-hours trading Wednesday as investors responded positively to accelerating growth driven by artificial intelligence products.