industries22.925 min read
Broadcom posts strong earnings as AI growth outpaces stock gains
1 month ago•Source: MarketWatch
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24.075 min•1 month ago
CoreWeave rides AI momentum to beat earnings as backlog surges and guidance rises
CoreWeave reported Q2 revenue of $2.58 billion and an adjusted net loss of $567 million, beating expectations and leaving a backlog of $104 billion, as AI infrastructure demand remains strong. The stock jumped about 14% after hours, with management calling the quarter an important inflection point driven by capacity expansion and operating leverage. The company highlighted notable customer wins (including Isomorphic Labs) and Nvidia collaboration, flagged a sharply higher capex run rate (about $9.4 billion this quarter), and raised full-year guidance to $12.4–$13.2 billion and Q3 guidance to $3.45–$3.6 billion, with margins expected to climb into the low teens by Q4.
26.56 min•2 months ago
Netflix tightens its viewership data disclosures as investors grow wary
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Indictment ties Nvidia chips to a $2.5B China smuggling scheme via Super Micro
MarketWatch•6 months ago
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Trump’s $20B reinsurance plan for Hormuz tankers faces questions of sufficiency
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Hidden material suppliers poised to ride the AI chip surge
Investors seeking exposure to the AI chip boom beyond the marquee names can consider materials suppliers like Entegris and Qnity Electronics, which provide essential manufacturing inputs (CMP pads, slurry, TIMs, laminates) for chip production. As analog-chip recovery coincides with AI-driven demand for memory and processing, these companies’ materials and packaging offerings stand to benefit, supported by industry commentary on co-development with leading foundries and a growing memory supercycle—though the sector remains cyclical and faces longer‑term competitive and geopolitical risks.
Apple signals resilient margins as memory costs loom
Apple forecast gross margins of 48%–49% for the March quarter, above December’s 48.2% and the 47.3% consensus, aided by a favorable mix of high‑margin hardware and Services growth (a record $30 billion in the December quarter). Memory pricing is rising and could pinch margins, but Cook said Apple will look at a range of options to mitigate it. Strong iPhone momentum and the Services pull helped support margins, and the stock rose about 1% in after-hours trading.
ASML bookings soar as SK Hynix plans bold capex push
ASML reported fourth-quarter bookings of €13.16 billion, up 86% and well above estimates, as AI-related demand boosted both memory and logic‑chip equipment. The Netherlands‑based company posted €2.89 billion profit on €9.72 billion in sales, guided 2026 sales to €34‑39 billion with a 51‑53% gross margin, and unveiled a buyback of up to €12 billion through 2028 plus a 17% dividend increase to €7.50 a share. In the same period SK Hynix signaled a substantial increase in capital expenditure after a 90% rise in Q4 profit and a 66% jump in revenue, driven by AI workloads and memory demand; both companies reflect a robust AI‑driven semiconductor cycle.
BitGo Opens 2026 with a Hot IPO Amid Crypto Market Slump
BitGo Holdings opened its NYSE debut about 25% higher after pricing 11.8 million shares at $18, valuing the company around $2.08 billion; the IPO raised roughly $198.5 million with Goldman Sachs and Citigroup leading the deal. BitGo, which provides wallets, validation, trading and custody for digital assets, arrived as the crypto market showed weakness (bitcoin trading below $90,000), signaling robust investor appetite for crypto infrastructure despite broader uncertainty. BitGo also stated it has regulatory approval to convert BitGo Trust Co. to a federally chartered bank for digital assets, underscoring regulatory clarity as Kraken and others eye IPOs.
United rides loyalty to another earnings beat and optimistic 2026 outlook
United Airlines beat expectations for the 14th straight quarter as premium-fare revenue rose 9% and loyalty revenue climbed 10% in Q4, helping the company lift its 2026 guidance to the high end of forecasts. Management cited loyalty as a key driver of momentum, even as about $250 million in Q4 charges related to the government shutdown weighed on results. The strength in corporate travel and the loyalty strategy supported a positive earnings trajectory, and United’s shares rose in after-hours trading.
Kraft Heinz slides after Berkshire hints at near-full stake exit
Berkshire Hathaway could sell up to about 325.4 million Kraft Heinz shares (roughly 27% of the company), prompting Kraft Heinz stock to fall in after-hours trading as the company moves to unwind its 2015 merger and split into two public entities.
Corporate travel rebound powers United’s earnings outlook
Upticks in corporate travel are lifting United Airlines’ holiday-quarter revenue prospects as the carrier prepares to report results, with Citi noting a meaningful early-2026 rebound in business travel that could benefit United and its peers.
Defense Dept backs L3Harris with $1B for pre-IPO missile-motors unit
The Defense Department invested $1 billion in L3Harris via convertible preferred securities that will convert into common stock in an IPO planned for the second half of 2026, creating a majority-owned missile-solutions unit with the government as an anchor investor but no board seats. The move aims to expand U.S. missile capacity, and L3Harris stock rose toward record closes amid a broader defense-focused rally, though congressional approval could be required for the government stake.
Lockheed Martin Shares Drop Amid Earnings Miss and Profit Decline
Lockheed Martin's stock dropped over 7% after reporting a significant profit miss and $1.6 billion in losses related to its legacy defense programs, compounded by challenges in its classified aeronautics projects and revised earnings outlook for 2025.