News

The cloud data company reported $1.39 billion in first-quarter revenue, up 33% year over year, and lifted its full-year product revenue guidance to $5.84 billion

The chipmaker posted record quarterly revenue of $2.42 billion and guided for $2.70 billion next quarter, citing exceptional AI-related bookings

Investing.com -- Best Buy (NYSE:BBY) reported first-quarter results that exceeded analyst expectations, sending its shares almost 10% higher in premarket trading.

The electronics retailer posted adjusted EPS of $1.28 and revenue of $8.94 billion, both above Wall Street estimates

The cloud software company reported $11.1 billion in first-quarter revenue, but its full-year outlook landed just below Wall Street expectations

Best Buy reported a higher profit and rising sales in the first quarter, boosted by strong gaming, computer and cellphone demand.

Shares in the drone-parts maker surged premarket after The Wall Street Journal reported the Trump administration was considering funding a group of U.S. drone companies.

U.S. electronics retailer Best Buy forecast second-quarter sales above Wall Street expectations after beating Q1 estimates on Thursday, amid steady demand for ‌laptops and smartphones and growth in its ads and marketplace channels. CEO Corie ‌Barry is set to step down at the end of October and will be succeeded by Jason Bonfig, ​a company veteran who is expected to focus on expanding its higher-margin advertising and marketplace businesses. Best Buy has been "scaling new profit ⁠streams like Best Buy Ads and Marketplace that we expect to provide considerable benefit over time," Barry said.

Best Buy Co., Inc. will release earnings for its first quarter before the opening bell on Thursday, May 28. Analysts expect the company to report quarterly earnings of $1.23 per share, up from $1.15 per share in the year-ago period....

Low-cost rockets are making it possible to scale a business that barely seemed feasible a few years ago.

The rise extends a rally for the semiconductor-materials maker that has boosted the stock more than sevenfold this year.

Even by the standards of the artificial-intelligence boom, the gains in chip stocks this year have been extraordinary. Sandisk has soared 570%. Intel has more than tripled. Samsung, Micron and SK Hynix have all climbed into the ranks of $1 trillion companies.

May 28 (Reuters) - Foreign investors bought Japanese stocks for the eighth straight week through May 23, as oil prices eased and AI-related shares rallied on robust demand outlook.

Marvell Technology (MRVL) kicked off its latest earnings season with first quarter revenue that topped analyst expectations, supported by strong demand for AI and data center chips and a higher multiyear revenue outlook. See our latest analysis for Marvell Technology. The strong AI data center story is now clearly reflected in the price, with the stock delivering a 30 day share price return of 25.59% and a 1 year total shareholder return of 208.46%, even after a one day pullback of 4.59%. If...

Shares of Micron Technology (MU) kept surging after the chipmaker posted its biggest one-day gain in more than a decade. The stock rose 3.6% on May 27, extending a massive rally after shares jumped 19.3% the previous day. Micron has now climbed roughly 77% over the past month, while the stock is up ...

GM, Ford and Toyota have said they are planning for U.S. new-car sales to stagnate or shrink this year, as prospective buyers stay on the sidelines of the new-car market.

Snowflake shares soared 36% after-hours on signing an AI deal with Amazon and buying Natoma, a platform for enterprise AI agents.

The frenzied rally in chip stocks passed a new milestone on Wednesday, with the PHLX Semiconductor Index posting its best start to a year on record. Samsung Micron and SK Hynix have all climbed into the ranks of $1 trillion companies. Investors’ enthusiasm for the building-blocks of artificial intelligence helped pull the stock market out of its Iran-war slump, while raising worries that a surge this dramatic must end sometime.

Marvell Technology posted better-than-expected first-quarter results and issued an upbeat second-quarter forecast, driven by strong growth in its data center and AI-related chip demand.

Phreesia (PHR) delivered earnings and revenue surprises of +150.00% and +0.51%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?

This marks the first report since the company announced CEO Corie Barry is stepping down from the electronics retailer at the end of the third quarter.

This marks the first report since the company announced CEO Corie Barry is stepping down from the electronics retailer at the end of the third quarter.

Synopsys (SNPS) delivered earnings and revenue surprises of +5.76% and +1.13%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?

The major indexes edged higher as oil prices dived, with Amazon flashing a buy signal. Marvell and Snowflake jumped late.

Snowflake stock soared amid Q1 earnings and revenue that topped estimates. The software maker hiked full-year sales guidance.

Investing.com -- Snowflake Inc. (NYSE:SNOW) reported first quarter results that exceeded analyst expectations, with shares surging 30% following the announcement of a major AWS collaboration and raised full-year guidance.

The semiconductor company posted a smaller profit of $34.5 million due in part to acquisition costs, but revenue soared nearly 28% as its data center business booms.

Investing.com -- Marvell Technology Inc (NASDAQ:MRVL) reported first-quarter fiscal 2027 results that exceeded analyst expectations, driven by strong demand for its AI and data center solutions, sending shares up 2.8% in after-hours trading Wednesday.

Shares in Snowflake soared 30% after the market closed Wednesday following a Wall Street Journal report that Amazon Web Services has signed up the cloud-storage company as its latest chips customer. Snowflake, whose shares have bounced back of late after a slump earlier this year, also reported quarterly earnings on Wednesday.

HP beat Wall Street estimates for second-quarter revenue and profit on Wednesday, driven by strong demand for ‌AI-optimized personal computers and the Windows 11 refresh cycle. PC makers ‌including HP, Dell Technologies and China's Lenovo Group are navigating a shortage of memory ​chips as data center buildout is sucking up capacity and triggering price increases of smartphones and PCs. That supply crunch is pushing some enterprises toward higher-margin premium devices during the Windows 11 upgrade cycle after Microsoft ended ‌support for Windows 10 in ⁠October last year.