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.
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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.
Riot Platforms Rallies After Signing Its Largest AI Data Center Deal Yet
Riot Platforms shares jumped after signing a 15-year, 910 MW triple-net lease with a leading Frontier AI Lab worth roughly $28 billion.
McDonald’s U.S. Sales Decline Less Than Expected as Value Push Shows Early Progress
McDonald’s posted better-than-expected profits in Q3 as U.S. sales fell just 0.2%. CEO Kempczinski said trends improved after the company’s value push.
Uber Delivers Fifth Straight Quarter of 20%+ Bookings Growth, but Q4 Profit Forecast Misses Estimates
Uber posted 20% bookings growth in Q3 with rising profits, but its Q4 earnings forecast missed estimates amid driver shortages and the Middle East conflict.