(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...)
(Reuters) -Albemarle, the world's largest producer of lithium for rechargeable batteries, posted a surprise second-quarter profit on Wednesday, helped by rising demand for the metal.
Shares of the company rose 5.6% 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 decade, according to... (continue reading...)
(Reuters) -E-commerce firm eBay forecast third-quarter revenue above Wall Street estimates on Wednesday, signaling robust demand for products like collector's items and refurbished goods, sending its shares up 7% 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 company is expanding its focus categories to include... (continue reading...)
By Jaspreet Singh and Echo Wang
(Reuters) - Meta Platforms forecast third-quarter revenue well ahead of Wall Street expectations, and raised the lower end of its capital expenses forecast for the year, sending its shares up 10% in extended trading.
For the third quarter, Meta said it expected total revenue of $47.5 billion to $50.5 billion, compared with analysts' average estimate of $46.17 billion, according to data compiled by LSEG.
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