Palo Alto Networks Inc (NYSE:PANW, ETR:5AP)’s recent earnings report was “impressive on all fronts,” analysts at Bank of America said Tuesday, pointing to strong fundamentals and better-than-expected fiscal 2026 guidance.
“At a high level, the company’s strategy appears to be working well, with 1,400 platform deals, and software is driving up growth, accounting now for 56% of product revenues vs. 44% last year,” Bank of America analysts wrote in a note.
Viking Therapeutics (NASDAQ:VKTX) shares tumbled 43% on Tuesday following the release of data from its Phase 2a Venture Oral weight loss trial showing strong efficacy but that raised tolerability concerns.
The study showed that participants taking VK-2735 achieved placebo-adjusted weight losses of approximately 7.5% at 60 mg, 10% at 90 mg, and 11% at 120 mg over 13 weeks.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) is developing a new AI chip specifically for the Chinese market, codenamed the B30A, which is said to be more powerful than the H20 GPUs currently allowed for sale in China, according to a Reuters report.
The B30A chip is reportedly designed with a single-die architecture and is expected to deliver roughly half the computing power of Nvidia's flagship B300 Blackwell GPU, which uses a more advanced dual-die design.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced that its subsidiary BUZZ High Performance Computing (BUZZ HPC) has entered into a preferred partnership with Bell Canada to provide large-scale sovereign artificial intelligence (AI) infrastructure through Bell AI Fabric.
Under the agreement, BUZZ HPC will supply Bell’s government and enterprise clients with access to NVIDIA Ampere, Hopper, and Blackwell GPU clusters connected through NVIDIA Quantum-2 InfiniBand networking.
American Resources Corp (NASDAQ:AREC) said Tuesday its rare earth refining unit ReElement Technologies has signed a binding long-term supply agreement with US magnet manufacturer Vulcan Elements, in a move aimed at building a fully domestic supply chain for critical minerals.
Under the deal, ReElement will provide magnet-grade high-purity heavy and light rare earth oxides, including neodymium, neodymium-praseodymium, and dysprosium, to support Vulcan’s magnet production.
Home Depot Inc (NYSE:HD, ETR:HDI) shares moved higher as the home improvement retailer reaffirmed its full-year guidance despite reporting revenue and earnings below expectations for the second quarter.
The company continues to expect sales growth of 2.8% and comparable sales growth of 1% for 2025.
Intel Corp (NASDAQ:INTC, ETR:INL) shares jumped 4% after hours after a double dose of good news.
The struggling chipmaker has secured a $2 billion capital injection from SoftBank, while the Trump administration is weighing a far larger equity stake.