KGWV · U.S. MARKET INTELLIGENCE
Super Micro Computer’s revenue outlook for the current quarter exceeded analysts’ estimates, underscoring continued demand for its servers amid the artificial-intelligence boom. The San Jose, California-based company said Tuesday that revenue for the quarter e…
Barclays downgraded Under Armour to underweight. The analysts cited three reasons for the downgrade: intensifying competition in athletic apparel and footwear, with the company continuing to lose market share; the brand’s lack of pricing power, which makes it…
U.S. Treasuries edged higher Tuesday as developments in the Middle East sent oil prices swinging sharply before they ultimately closed higher. Demand was strong at the Treasury’s 3-year auction, while several positioning indicators suggested Treasuries could s…
As the latest AI-driven bull market approaches its fourth birthday, some investors are beginning to worry that its gains may be running out of steam. But Jay Kaeppel, a technical strategist at SentimenTrader, believes history suggests an 18-month period of str…
The U.S. Securities and Exchange Commission is preparing two major initiatives in the coming days that could further advance the U.S. cryptocurrency industry. The agency said it will hold a public meeting Friday to establish “a tailored issuance regime for cer…
CoreWeave surged 15% in after-hours trading. Its revenue doubled year over year, while its backlog rose as high as $100 billion.
Goldman Sachs says both bullish and bearish views have misjudged the impact of a surge in artificial-intelligence spending.
Morgan Stanley upgraded LG Electronics from Equal Weight to Overweight, saying the company and its subsidiary LG Innotek are particularly well positioned for the next phase of the artificial-intelligence rally. LG Electronics shares rose 8.6% following the new…
Sanrio, the parent company of Hello Kitty, reported first-quarter operating profit below market expectations. Its shares fell as much as 18%, marking the biggest one-day decline since May 2014. The company reported first-quarter operating profit of ¥22.4 billi…
CoreWeave’s chief financial officer said the second fiscal quarter marked an inflection point in the profit margins the company had discussed over the past several quarters, with margins expanding sequentially.