Credo Tech Q2 Profit Triples on AI Boom, Stock Surges
Credo Technology (CRDO) swings to $82.6M profit as Q2 revenue triples to $268M, driven by AI infrastructure demand. Stock jumps 15% on strong outlook.
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MongoDB Crushes Q3 Expectations with 30% Atlas Growth
MongoDB (MDB) reports exceptional Q3 results with revenue of $628M and EPS of $1.32, significantly beating estimates. Atlas revenue surges 30% YoY as company raises full-year guidance.
Shopify Shares Drop as POS Access Issues Hit Merchants on Cyber Monday
Shopify stock slipped after the company reported login and POS access issues affecting some merchants on Cyber Monday, though online checkouts remain unaffected.
Nvidia Invests $2B in Synopsys to Transform Engineering with AI
Nvidia invests $2 billion in Synopsys to accelerate AI-powered design and engineering. Partnership aims to revolutionize product development across semiconductor, aerospace, automotive industries.
BofA Starts Coverage on WeRide With a Buy Rating and $12 Target
Bank of America initiates coverage of WeRide with a Buy rating and $12 price target, expecting strong growth in global Level 4 autonomous driving and profitability by 2029.
Intel Stock Surges 7% on Apple Chip Manufacturing Deal
Intel shares jump over 7% after analyst reports Apple may use Intel's foundries for M-series processors starting 2027, marking major win for chip giant's manufacturing business.