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Seagate Technology stock jumped late Tuesday after the hard-disk drive maker reported quarterly results that beat expectations. A recent pullback for top performing AI stocks was weighing on Seagate's shares coming into the report. The results represent Seagate's fiscal fourth quarter.
The payments company said profit came in at $5.63 billion amid resilient consumer and business spending.
Qualcomm stock in focus ahead of Q2 earnings on July 29. Barchart data recommends caution in playing QCOM shares heading into the quarterly print.
Ford increased its full-year earnings guidance despite having lower new-car sales in Q2, and said it has costs under control, strong product mix.
The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +0.21%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.98%. September E-mini S&P futures (ESU26 ) rose +0.24%, and September E-mini Nasdaq futures...
Seagate Technology forecast quarterly revenue and profit above estimates on Tuesday, as the rapid buildout of AI infrastructure fuels robust demand for its high-capacity hard disk drives. Shares of the Singapore-based company, which have more than doubled this year, rose over 8% in extended trading. Here are some details: • Seagate has leveraged its heat-assisted magnetic recording (HAMR) technology, which uses tiny lasers to help pack more data onto each disk, allowing it to boost hard-drive capacity and storage without building costly new manufacturing lines.
The provider of fuel-cell technology raised its fiscal 2026 revenue and adjusted earnings per share guidance, as second quarter sales and profit climbed.
(Bloomberg) -- Positions in futures tied to the Federal Reserve’s benchmark interest rate have surged to an all-time high as traders brace for the risk the central bank could start pushing rates higher Wednesday.Most Read from BloombergChip Rout Deepens on Circular Funding, China Competition FearsNvidia’s $750 Billion in Deals Reignite Circular AI FearsApple Set to Make Big Smart Home Push With Siri AI at CenterCitadel Securities Sees Warsh Delivering Surprise Fed HikeASML Slides on Report of Ch
KLA Corp forecast first-quarter revenue and profit above Wall Street estimates on Tuesday, betting that continued investment in AI infrastructure would sustain strong demand for its chipmaking tools. Shares of the California-based company, however, fell 8% in extended trading. They have done risen over 57% so far this year.
Seagate Technology topped Wall Street’s earnings and revenue estimates and issued stronger-than-expected guidance as demand for AI-related data storage continued to surge.
The payments company reported net revenue of $11.6 billion and non-GAAP earnings per share of $3.32 for the quarter ended June 30
The mass-capacity data storage company reported net income of $1.29 billion, or $5.58 a share, up from $488 million, or $2.24 a share the year prior.
The market has been spooked by concerns of tech giants’ ballooning spending and signs that China may be catching up in the AI arms race. Asian chip stocks plunged, sending South Korea’s Kospi index 10% lower and Japan’s Nikkei down 4%. The worst-hit American names included memory makers Sandisk which fell another 14%, and Micron, which shed 8.9%.
Royal Caribbean Cruises stock (RCL) has caught some wind in its sails on Tuesday, holding onto post-earnings gains ahead of the close after trimming its full-year yield forecast. UBS managing director and leisure analyst Robin Farley examines how Royal Caribbean and Carnival Corporation's (CCL) quarterly results set the stage for Norwegian Cruise Line's (NCLH) own release, as well as how oil prices (CL=F, BZ=F) impact the cruise industry as a whole.
Apple could finish the year as the world's largest company if its financial results remain strong.
Coca-Cola just delivered a blockbuster quarter with 6% organic revenue growth.
Palantir Shares Tumble After Monster Rally as Wall Street Turns Cautious Before Q2 Results
Tejpaul Bhatia, the CEO of Nebex, said that his company, which is aimed at building a financial operating system for the space industry, saw an economic gap in the growth of space travel as more money is put into the growth of the commercial space industry. Bhatia compared the potential of a space economy to the role of American Express and Wells Fargo at the beginning of the railroad industry.
NYU Stern Kerschner Family Chair in Finance Education Aswath Damodaran discusses the AI investment cycle and says smaller companies like CoreWeave are in 'danger territory' when it comes to debt, but does not see a concern for larger companies. He speaks with Emily Graffeo and Romaine Bostick on 'The Close.'
U.S. stocks finished mixed as a rout in chip stocks continued while falling oil prices boosted consumer stocks.
Blue chips outperformed Tuesday on solid results from Coca-Cola and Boeing, while slumping chip stocks held the Nasdaq back.
Robinhood has proved better at diversifying its revenue streams—but emerging fields of AI commerce and tokenized stocks will boost Coinbase in time.
RBC sees major AI synergies and trillion-dollar chip savings
Analysts have set a high bar for Bloom Energy earnings. Bloom Energy has plunged on a short-seller's report and overall AI sell-off.
S&P Global (NYSE:SPGI) reported second-quarter results that exceeded its expectations, supported by strong performance in its Ratings and Indices benchmark businesses, while raising its 2026 share repurchase target to more than $7 billion. President and Chief Executive Officer Martina Cheung said t
Ranger Energy Services (NYSE:RNGR) reported higher second-quarter revenue and adjusted EBITDA as activity strengthened across its production-focused service lines and the company continued integrating American Well Services, or AWS. Revenue for the quarter ended June 30 totaled $176.5 million, up 1
Royal Caribbean Cruises (NYSE:RCL) reported second-quarter results that exceeded its expectations, citing stronger close-in demand, higher onboard spending and favorable costs, while raising its full-year adjusted earnings outlook despite a modest impact from geopolitical events on European itinerar
The 41-year-old company has given back the stock gain it made in the first half of the year and is sitting 35% below its peak. And it's heading into an earnings report that needs to answer some hard questions. Qualcomm (QCOM) closed July 27 at $170.04, up 1.84% on the session but a long way from ...
Meta Platforms (META), Microsoft (MSFT), Amazon (AMZN), and Apple (AAPL) are the next Big Tech names — part of the Magnificent Seven — to report quarterly earnings results this week. Zacks Investment Research stock strategist Ethan Feller weighs in on investors' expectations for these Magnificent Seven member stocks.
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