Wix Stock Plunges 27% After Q1 Earnings Miss as AI Spending Spooks Investors
Shares of Wix.com Ltd. dropped 27.1% on Wednesday, as investors punished the website-building firm for falling short of first-quarter profit estimates. Its AI investments…
Artificial Intelligence
Shares of Wix.com Ltd. dropped 27.1% on Wednesday, as investors punished the website-building firm for falling short of first-quarter profit estimates. Its AI investments drew scrutiny, driving the stock down to $55.32 in the…
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Shares of Wix.com Ltd. dropped 27.1% on Wednesday, as investors punished the website-building firm for falling short of first-quarter profit estimates. Its AI investments…
Cisco Systems surged 14% in after-hours trading Wednesday as the company boosted its full-year revenue outlook and revealed plans to eliminate close to 4,000…
On Wednesday, Apple threw its support behind Alphabet’s Google as the company battles EU regulators pushing for rules that would require Android to open…
Shares of Applied Optoelectronics surged roughly 21% Wednesday afternoon, fueling gains across optical-networking names as bets on AI data center demand kept pushing supply…
BigBear.ai Holdings caught a bid Wednesday, shares jumping as much as 3.1% to $4.32 by 2:46 p.m. EDT. More than 30 million shares changed…
Apple Inc. jumped into Europe’s battle with Alphabet’s Google on Wednesday, flagging EU draft rules that would force Android to open up to competing…
Palantir Technologies shares slipped Wednesday, despite CEO Alex Karp’s meeting with President Volodymyr Zelenskiy, which again highlighted the U.S. software firm’s role in Ukraine’s…
On Wednesday, Anthropic rolled out Claude for Small Business—a product that integrates its Claude AI assistant with platforms like Intuit QuickBooks, PayPal, HubSpot, Canva,…
UiPath Inc. dropped almost 6% by midday Wednesday, trading at $9.42 with more than 22 million shares changing hands. A fresh move to link…
Marvell Technology surged close to 10% by late morning in New York after a regulatory filing revealed Advanced Micro Devices owned 65,516 shares in…
Nokia Oyj is bringing in Siemens executive Emma Falck to head up its Mobile Infrastructure division starting Sept. 1, shifting the leadership of its…
SoftBank Group on Wednesday reported a sharp jump in quarterly profit, crediting a significant boost from its OpenAI stake. For the January-March period, net…
Alibaba Group’s U.S.-listed American depositary receipts, the NYSE-traded proxy for the Chinese company, were quoted at $136.15 in early premarket, up 1.02%, after closing…
U.S. stock futures show a mixed setup ahead of the bell. Nasdaq 100 futures jump nearly 0.9% on Bloomberg’s board, shouldering most of the…
Digi Power X Inc. is drawing buyers ahead of the open, with DGXX sitting near $9 in the early premarket following Tuesday’s 12.92% surge.…
Nebius Group shares ended Tuesday at $179.11, a drop of 3.76%. By 4:06 a.m. Eastern in after-hours trading, the stock had bounced to $185.42,…