(Reuters) -Lam Research forecast first-quarter revenue above Wall Street expectations on Wednesday, driven by strong demand for its specialized chip-making equipment used in developing advanced artificial intelligence processors, sending its shares up over 4% in extended trading.
Demand for Lam's equipment has been bolstered by a surge in orders for artificial intelligence semiconductors, with chip designers striving to develop advanced processors to meet... (continue reading...)
By Vallari Srivastava
(Reuters) -Albemarle, the world's largest producer of lithium for rechargeable batteries, posted a surprise second-quarter profit on Wednesday, helped by sustained demand for the metal, sending its shares up over 6% after the bell.
Lithium's use in electric vehicles, large-scale battery storage and other electronic applications has grown rapidly, with demand up 24% last year and likely to grow 12% annually for the next... (continue reading...)
(Reuters) -E-commerce firm eBay forecast third-quarter revenue above Wall Street expectations and beat estimates for quarterly revenue on Wednesday, signaling robust demand for products like collector's items and refurbished goods and sending its shares up nearly 10% in extended trading.
EBay is likely to compete comparatively well in an environment of higher product prices due to tariffs and a macroeconomic downturn, analysts have said.
The... (continue reading...)
By Jaspreet Singh and Echo Wang
(Reuters) -Meta Platforms forecast third-quarter revenue well above Wall Street estimates on Wednesday, as artificial intelligence continued to strengthen its core advertising business, sending its shares up 10% in extended trading.
The company also raised the lower end of its capital expenses forecast for the year.
The bumper results could ease investor worries, at least for now, about Meta's... (continue reading...)
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