Stock Market
AMD, CWAN, ON and more
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4 months agoon
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Check out the companies making headlines before the bell. Advanced Micro Devices — The chipmaker jumped nearly 6% in reaction to robust long-term growth targets made at its Financial Analyst Day , including an internal forecast that the company’s data center revenue will jump 60% annually in the next three to five years . BILL Holdings — Bloomberg reported early Wednesday that the financial operations firm is considering a potential sale to a larger industry rival or private equity firm, pushing up BILL shares 12%. Clearwater Analytics — The stock rose 9% after Bloomberg reported early Wednesday that the cloud-native platforms firm is weighing the possibility of selling its business. On Holding — The Swiss athletic shoemaker surged 8% after raising its forward guidance for a third straight quarter and beating revenue and earnings estimates. On also said it wouldn’t need to lean on Black Friday promotions to boost demand. BigBear.AI — The AI defense stock popped 5%, extending its gains from Tuesday when shares advanced more than 6%. On Monday, BigBear.AI’s announced its latest earnings , including a definitive agreement to acquire Ask Sage, a generative AI platform. Alcon — U.S.-listed shares added 6% after the Swiss eye care company’s third-quarter adjusted earnings of 79 cents per share topped the 76 cents expected by analysts polled by FactSet. Quarterly revenue came in below the consensus estimate, but Alcon reaffirmed its top and bottom-line guidance. Sony — The gaming and software company added 4% after saying its tariff burden will likely equal about $324 million in operating profit for the year ending March, or nearly 30% less than previously expected. Nvidia — Shares ticked up more than 1% after investors bought the dip following the stock’s pullback on Tuesday. The chipmaker also made gains after its supplier Foxconn reported strong earnings. Oklo — The nuclear technology company rose 4% after extending its collaboration with the Idaho National Laboratory. Circle Internet — Shares fell 4% after the stablecoin issuer earned 64 cents a share on revenue of $740 million in the third quarter, beating analysts’ estimates of 22 cents on $707 million in revenue, according to FactSet data. Circle also reported that it accounts for 29% of the stablecoin market. Circle shares are down 40% in the past three months. — CNBC’s Sarah Min, Alex Harring and Michelle Fox-Theobald contributed reporting.
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