Snapchat's Q3 Success: Major AI Deal and Record User Engagement
Snapchat (SNAP) had strong Q3 growth: $1.51B revenue & 477M users. It secured a major $400M deal with Perplexity AI for in-app search starting in 2026.
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Qualcomm Beats Forecasts with Strong Smartphone Demand and AI Expansion
Qualcomm reports stronger-than-expected Q4 results and forecasts higher Q1 sales, driven by smartphone upgrades, AI chips, and growth in automotive and data center segments.
Nebius Launches “Token Factory” to Power Open Source AI Models
Nebius Group NV introduces Token Factory, a new AI cloud service that lets users run open source models like Llama and DeepSeek, competing with Amazon and Microsoft in the growing AI infrastructure market.
Axon Shares Plunge After Missing Q3 Profit Estimates Amid Tariff Pressures
Axon Enterprise shares drop 10% after missing profit estimates due to rising tariff costs. The Taser-maker raises 2025 revenue outlook and announces a $625M Carbyne acquisition.
Perrigo Rethinks Its Baby Formula Business
Perrigo reviews its store-brand baby formula business due to quality issues. It is shifting focus to higher-profit health brands instead.
Deadly UPS Cargo Plane Crash Shuts Down Louisville Airport
A UPS cargo plane crashed and exploded at a Kentucky airport, killing at least 7 people and injuring 11.