(Reuters) - Shares of Arm Holdings fell 8% in premarket trading on Thursday as the chip designer's downbeat annual revenue forecast cooled some of the enthusiasm around the stock following its AI-powered jump in recent months.
Bets that Arm will benefit from a surge in AI computing have doubled the chipmaker's share price since its initial public offer last September, giving it a market value of about $110 billion.
"This is a typical case... (continue reading...)
WASHINGTON (Reuters) -Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration's environmental rules and policies at a meeting with top U.S. oil executives, where he also asked them to raise $1 billion for his presidential campaign, the Washington Post reported on Thursday.
The Post, citing unidentified sources familiar with the meeting last month in Florida, said Trump promised to end President Joe Biden's... (continue reading...)
Investing.com -- U.S. stock futures drifted lower Thursday, as investors fretted that the Federal Reserve could keep interest rates at elevated levels for a prolonged period.
Here are some of the biggest premarket U.S. stock movers today:
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Arm Holdings (NASDAQ: ARM) ADRs slumped 7.5% after the chip designer delivered annual revenue guidance that fell short of estimates despite a wave of enterprise spending on artificial intelligence.
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Robinhood (NASDAQ: HOOD) stock... (continue reading...)
By Zaheer Kachwala
(Reuters) - Roblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation.
The company's shares fell 18% in premarket trading.
The lowered forecast marks the latest downbeat report from the gaming industry, which has laid off hundreds of employees and shut studios... (continue reading...)
(Reuters) - Airbnb shares tumbled more than 8% premarket on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took the shine off a strong quarterly profit beat.
The Easter holiday occurring in the first quarter rather than the second and currency-exchange impacts were partly to blame for Airbnb projecting current-quarter revenue below lofty Wall Street estimates.
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