Micron Technology Inc (NASDAQ:MU) shares moved higher after Thursday’s closing bell as the company’s fiscal second quarter earnings came in ahead of expectations.
Revenue for the period was $8.05 billion, up from $5.82 billion in the year-ago quarter and beating the Wall Street consensus of $7.9 billion.
Carvana Co. (NYSE:CVNA) shares added more than 5% on Thursday after it received positive reports from two brokers.
Bank of America analysts believe that Amazon Autos’ expansion could boost sales for other online auto retailers.
Five Below (NASDAQ:FIVE) shares added more than 6% as the discount retailer reported better-than-expected results for the fourth quarter and upbeat quarterly guidance.
For the quarter ending February 1, 2025, Five Below posted sales of $1.39 billion, up 4% from the year-ago quarter and ahead of estimates of $1.38 billion.
Nano One Materials Corp (TSX:NANO, OTC:NNOMF) announced that it has received C$12.75 million in non-dilutive cash contributions from various government programs.
The funding is primarily a reimbursement for recent eligible project expenditures and supports the company's engineering, capacity expansion, demonstration, and commercialization efforts at its lithium-iron-phosphate (LFP) plant in Québec.
Shares in PDD Holdings Inc (NASDAQ:PDD) fell 7% in premarket trading in New York after the Temu owner reported lower revenues than expected for the final quarter of last year.
The Shanghai-based tech conglomerate, which also has a base in Dublin, Ireland, reported total fourth-quarter revenues of RMB 110.6 billion (US$115.15 billion), an increase of 24% on a year earlier. This was well below the analyst consensus of RMB 115.4 billion, per data from LSEG.
Gold surged to a new record, briefly surging above $3,060 an ounce, on Thursday as the US Federal Reserve signalled two potential interest rate cuts this year.
The froth came off a little as the yellow metal settled around $3,045.17 at 8.14 am.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) stock was up 1.8% in after-hours trading and looked set for a strong open on Thursday after it shared plans to invest hundreds of billions of dollars in US-made chips and electronics over the next four years.
According to CEO Jensen Huang, via the Financial Times, the AI chipmaker expects to spend around $500 billion during this period, with a focus on expanding domestic manufacturing.