Marvell Technology Jumps as AI Bookings 'On Fire' Boost Q1 Forecast
Marvell Technology beats Q4 estimates slightly and issues upbeat Q1 outlook of $2.4B revenue, topping expectations. AI demand fuels surge as shares rise up to 10% after hours.
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Alibaba's Qwen AI Tech Lead Junyang Lin Steps Down Suddenly
Junyang Lin, key architect of Alibaba's leading open-source Qwen AI models, has resigned unexpectedly after the Qwen 3.5 launch. This leadership change raises questions about Alibaba's AI strategy amid multiple senior departures.
Six Flags Sells 7 Parks for $331 Million to Sharpen Focus and Cut Debt
Six Flags is selling seven amusement parks to EPR Properties for $331 million. This move streamlines operations, pays down debt, and boosts focus on top-performing parks.
DOJ Clears Path: Defense Production Act Could Override California’s Offshore Oil Ban for Sable
Jefferies analyst highlights a key DOJ opinion supporting the use of the Defense Production Act to bypass California laws halting offshore oil production and pipelines for Sable Offshore.
Credo Surges as Broadcom Delays AI Optics Shift to 2028
Broadcom confirms major AI customers will stick with copper cables in racks through 2028, boosting Credo shares while Lumentum and Coherent dip after Nvidia's optics investments.
AEO’s Holiday High: Record Revenue, 23% Aerie Growth, But Tariffs Loom for 2026
American Eagle Outfitters reports record Q4 sales up 10%, driven by Aerie's 23% comp growth and smart marketing. Shares dip despite beating estimates; FY2026 forecasts mid-single-digit sales rise amid tariff challenges.