Broadcom Inc (NASDAQ:AVGO, ETR:1YD) shares bounced back afterhours as the semiconductor designer and developer reported better-than-expected quarterly results.
After falling more than 6% during Thursday’s session amid a broader tech selloff, Broadcom stock gained almost 9% to about $195 afterhours following the release of its first quarter fiscal 2025 earnings report.
Tesla Inc (NASDAQ:TSLA) shares fell more than 6% after Baird analysts lowered their price target for the electric vehicle maker to $370 from $440 citing several near-term challenges.
The analysts highlighted potential risks in Tesla’s first quarter vehicle deliveries report amid production delays with the Model Y refresh. The consensus for Q1 deliveries is 437,500 vehicles.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced that it has entered into a strategic partnership with CSM.ai aimed at transforming 3D model creation for eCommerce.
The collaboration combines Nextech3D.ai’s expertise in AI-powered 3D modeling with CSM.ai's advanced artificial intelligence and automation capabilities to enhance efficiency, reduce costs, and scale high-quality 3D product visualization for online retailers.
Petro-Victory Energy Corp. (TSX-V:VRY) and BlueOak Investments have signed an agreement to acquire Capixaba Energia LTDA, an onshore Brazilian oil and gas producer, in a deal valued at $17.5 million.
The transaction, expected to close in the second quarter of 2025, will expand Petro-Victory’s presence in Brazil’s Espírito Santo Basin.
Marvell Technology Group Ltd. (NASDAQ:MRVL) shares plunged as its guidance for the first quarter surpassed estimates but disappointed investors, who had expected stronger AI-driven growth.
The company guided Q1 revenue of $1.88 billion, in line with the $1.87 billion expected by analysts.
Medicus Pharma (NASDAQ:MDCX) has revealed interim results from its Phase 2 clinical trial for a non-invasive treatment targeting basal cell carcinoma (BCC) showing promising efficacy and safety outcomes.
An interim analysis on the ongoing study, carried out after more than half of the patients were randomized, indicated that over 60% of subjects achieved complete clinical clearance of BCC.
MongoDB Inc (NASDAQ:MDB) shares plunged more than 20% on Thursday after the document database-as-a-service issued weaker-than-expected revenue guidance for fiscal 2026.
The company guided full year revenue in the range of $2.24 billion to $2.28 billion or 12% growth, below the 18% expected by analysts.
Ilika PLC (AIM:IKA, OTCQX:ILIKF) shares jumped 5% on Thursday morning after the company announced a major breakthrough in its solid-state battery technology, successfully prototyping a 50Ah Goliath battery for electric vehicles.
This milestone, achieved through the Faraday Battery Challenge HISTORY programme, is a significant step towards commercialising Ilika’s next-generation battery, which aims to lower costs, extend EV range, and speed up charging times.
Melrose Industries PLC (LSE:MRO, OTC:MLSPF) shares fell 8% to 624.8p on Thursday morning as profit taking hit the aerospace parts manufacturer as it reported profits for 2024 at the top end of expectations and predicted a "step change" in cash generation in the years ahead.
Revenue came in at £3.5 billion last year, up 11%, with operating profits up 42% to £540 million.