Marvell shares fall as investors question timing of Google AI deal
Marvell reported record revenue and raised its forecasts, but shares fell as investors focused on when its expanded Google custom-chip deal may add revenue.
Marvell reported record revenue and raised its forecasts, but shares fell as investors focused on when its expanded Google custom-chip deal may add revenue.
SpaceX shares fell 13.6% after the company released its first quarterly report as a publicly traded company, putting its artificial-intelligence spending and profitability prospects under investor scrutiny.
Airbnb shares jumped after the Associated Press reported that the company exceeded analyst expectations for quarterly profit and revenue. The company’s detailed Q2 figures and guidance were not available in its investor-relations archive searched for this report.
AppLovin shares dropped 19.7% after the digital-advertising and software company reported mixed quarterly results on Aug. 6, adding a sharp investor reaction to an otherwise strong but volatile U.S. earnings season.
AppLovin shares fell 19.7% after the AI and digital-advertising company reported mixed second-quarter results and a revenue shortfall relative to expectations.