Amazon Replaces Grubhub with Uber Eats as New Prime Delivery Benefit
Amazon swaps Grubhub for Uber Eats, giving Prime members $0 delivery fees on orders over $25 as DoorDash’s $17B Instacart deal intensifies competition.
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Arm Shares Fall After Modest Third-Quarter Guidance Despite Strong Q2 Results
Arm reported record Q2 revenue of $1.44 billion, up 27% year over year, driven by strong licensing growth and rising AI-related demand.
AppLovin Shares Jump After Delivering Record Quarter and Bullish Outlook
Record third-quarter results show AppLovin revenue up 55% to $2.18B and net income up 72% to $1.44B, alongside raised fourth-quarter guidance.
Handset Decline Drags Qualcomm Down Despite Beats and Strong Auto, IoT Growth
Qualcomm’s handset revenue fell 26% in Q4 as smartphone demand stayed weak. Automotive hit a record and non-handset growth remains the focus.
KeyBanc Downgrades Vistra as Texas Democratic Sweep Raises Data Center Policy Risk
KeyBanc sees higher policy risk for Vistra after Texas election results, with data center moratorium concerns weighing on the power producer.