Today: 28 June 2026
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NASDAQ:CAVA 6 December 2025 - 20 May 2026

CAVA Jumps in Pre-Market After New Traffic Data Update

CAVA Jumps in Pre-Market After New Traffic Data Update

Cava Group shares rose 6.9% in premarket trading Wednesday after the chain reported a 9.7% jump in same-restaurant sales and beat first-quarter earnings and revenue estimates. Net income fell to $23.6 million from $25.7 million a year earlier. The company opened 20 net new restaurants and raised its 2026 outlook for openings and sales growth. Several analysts raised their price targets following the results.
Cava Earnings Beat Challenges Restaurant Slowdown Talk

Cava Earnings Beat Challenges Restaurant Slowdown Talk

Cava raised its 2026 sales and profit outlook after first-quarter same-restaurant sales jumped 9.7%, driven mostly by a 6.8% rise in guest traffic. Revenue reached $438.3 million, topping analyst estimates, while net income slipped to $23.6 million from $25.7 million a year earlier. Shares rose 6% after hours. The company now expects same-restaurant sales growth of 4.5% to 6.5% for the year.
CAVA Group Inc (CAVA) Stock Outlook 2026: Institutional Buying, Q3 Reset and Analyst Price Target Forecasts

CAVA Group Inc (CAVA) Stock Outlook 2026: Institutional Buying, Q3 Reset and Analyst Price Target Forecasts

CAVA shares closed December 5 at just over $53, down more than 60% from their 52-week high of $151. Norges Bank disclosed a $56 million stake, while Baird Financial Group and New York State Common Retirement Fund also sharply increased holdings. About 73% of CAVA’s float is now held by institutions. Insider Kenneth Robert Bertram sold 3,788 shares but retains over 51,000.

Stock Market Today

  • Alphabet Faces Gemini AI Model Shortage as Chrome Dominates Browser Market
    June 28, 2026, 11:34 AM EDT. Alphabet Inc. (NASDAQ: GOOGL) confronts supply constraints for its Gemini AI models, limiting access for Meta Platforms (NASDAQ: META) after demand exceeded capacity, according to a Financial Times report cited by Reuters. Chrome, Alphabet's browser, commanded 70.25% of global market share in May, significantly ahead of Safari and Edge, reinforcing its role as a crucial distribution channel for Google's AI search tools and advertising. Alphabet reported Q1 revenue of $109.9 billion, with Google Search and ads contributing $60.4 billion, 55% of total revenue. The company also faces ongoing antitrust legal challenges regarding its search dominance and Chrome's role as the default browser on Apple devices. The AI supply issue poses strategic decisions between prioritizing capacity for Search and Chrome integration or expanding Google Cloud services.

Latest articles

Plug Power (NASDAQ:PLUG) stock heads into June 30 cash deadline after shares fall five days

Plug Power (NASDAQ:PLUG) stock heads into June 30 cash deadline after shares fall five days

28 June 2026
Plug Power (PLUG) fell 1.17% to $2.54 Friday, capping a five-day, 10.9% slide as volume jumped above average, with investors eyeing a June 30 deadline to close a $132.5M–$142M asset sale to Stream Data Centers—a key liquidity event equal to up to 64% of unrestricted cash and nearly all Q1 operating cash use—amid a shortened trading week before the July 3 market holiday.
Alphabet (NASDAQ:GOOGL) faces Gemini shortage as Chrome training draws crowds

Alphabet (NASDAQ:GOOGL) faces Gemini shortage as Chrome training draws crowds

28 June 2026
Chrome’s 70.25% global browser share cements its role as Alphabet’s key gateway for AI features and ad revenue, with Q1 Search & other ads delivering $60.4 billion—about 55% of total revenue—while Google faces supply limits for Gemini AI and ongoing antitrust risks; shares last quoted at $337.39, down 2.0%.
Intel (NASDAQ:INTC) edges lower, pulling back from $700 billion mark

Intel (NASDAQ:INTC) edges lower, pulling back from $700 billion mark

28 June 2026
Intel shares plunged 9.3% from Monday’s 52-week high, erasing $66 billion in market value and falling back below the $700 billion threshold as chip stocks tumbled on AI spending worries, with trading volume far outpacing short interest and sector profitability questions intensifying.
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