Nvidia Shares Fall Amid DOJ Investigation
Nvidia shares are declining after reports surfaced that the chipmaker is under investigation by the U.S. Department of Justice for antitrust concerns. This news follows a disappointing second-quarter earnings report, causing a sell-off among investors.
Zscaler Stock Drops on Earnings Guidance
Cybersecurity provider Zscaler is experiencing a 16% drop in premarket trading due to lower-than-expected earnings guidance. While revenue outlook met expectations, adjusted earnings per share fell short of analysts’ forecasts.
Blackstone to Acquire Australian Data-Center Provider
Blackstone has agreed to purchase Australian data-center operator AirTrunk in a deal worth $16 billion, marking the company’s largest investment in the Asia-Pacific region. The transaction is pending approval from the Australian Foreign Investment Review Board.
GitLab Shares Surge on Optimistic Guidance
GitLab’s shares are soaring after the software-development platform raised its full-year sales outlook. The company’s second-quarter results exceeded analysts’ expectations, with revenue growing by 31% year-over-year.
HP Enterprise Anticipated to Report Growth in Sales and Profit
Hewlett Packard Enterprise is expected to announce an increase in both revenue and profit for the third quarter, driven by rising demand for AI products. Analysts predict a significant boost in profits and revenue, with a focus on AI systems revenue.
Source : www.investopedia.com