Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) reported first quarter results that exceeded Wall Street expectations, supported by strong growth in its data center segment, sending its shares higher after Tuesday's closing bell.
The semiconductor company reported revenue of $10.3 billion, up 38% year-over-year and handily beating estimates of $9.92 billion.
Shares of First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY) closed nearly 18% higher on Tuesday after a landmark acquisition shook the North American igneous phosphate sector and drew fresh investor attention to the space.
The catalyst: Fox River Resources Corporation (CSE: FOX) announced it has entered into a definitive arrangement agreement under which Avenir Minerals Limited will acquire all outstanding common shares of Fox River for C$94.3 million in cash, which surpasses the full capital originally allocated to Avenir by its parent company, Agnico Eagle Mines Ltd (TSX:AEM).
Ulta Beauty Inc (NASDAQ:ULTA) shares added about 3% after the beauty retailer was upgraded by Bank of America analysts to a ‘Buy’ rating from ‘Neutral.’
The firm maintained its price objective of $685, implying upside from the stock’s current price of $532.
PayPal Holdings Inc (NASDAQ:PYPL, XETRA:2PP) shares fell about 9% after the company delivered first quarter 2026 results that beat expectations, along with a more cautious near-term outlook that weighed on sentiment.
PayPal said it expects non-GAAP EPS to fall approximately 9%, compared with Wall Street expectations for a decline closer to 4%.
Shopify Inc (TSX:SH., NYSE:SHOP) shares fell sharply on Wednesday, dropping 13.5% after the company reported mixed first quarter 2026 results that paired strong revenue growth with a sizeable loss and guidance that largely met expectations rather than exceeding them.
For the quarter ended March 31, Shopify reported revenue of $3.17 billion, up 34% year over year and ahead of analyst expectations of $3.09 billion.
Shares of Duolingo Inc (NASDAQ:DUOL) fell 7.7% on Tuesday after the language-learning app reported first-quarter results that, while modestly above expectations, were overshadowed by second-quarter guidance pointing to a sharp deceleration in bookings growth.
Duolingo posted first-quarter revenue of $292 million, up 27% year-over-year and ahead of the $289 million analyst estimate, while adjusted EBITDA came in at $83.4 million, reflecting a 28.6% margin.
Paramount Skydance Corp (NASDAQ:PSKY) shares fell nearly 5% on Tuesday morning after the media company reported first-quarter earnings the previous evening, as investors looked past a stronger-than-expected profit result and focused instead on underwhelming forward guidance.
Shares initially climbed following the release before reversing course as the market absorbed the company's outlook.
Pinterest Inc (NYSE:PINS) shares rose almost 10% to just shy of $23 following the company’s first-quarter 2026 results, which came in ahead of expectations on revenue and earnings and were supported by stronger user growth and an upbeat second-quarter outlook.
The company reported adjusted earnings of $0.27 per share, above estimates of $0.22.
Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF, FRA:A6Y0) reported average sales volumes of 3,133 barrels of oil equivalent per day (boepd) for April 2026, broadly in line with first quarter levels, according to a company press release.
The majority of output came from the company’s Brazilian operations, where sales averaged 2,953 boepd. This included natural gas production of 16.7 million cubic feet per day (MMcfpd), as well as 155 barrels per day (bopd) of natural gas liquids and 9 bopd of oil.
Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF, FRA:8MH) has provided an update on several of its ongoing initiatives, highlighting progress on a potential AI infrastructure opportunity in Wyoming and developments at its investee company Hivello, alongside corporate updates.
The Toronto-based venture builder said it continues discussions regarding a proposed AI and digital infrastructure project tied to a Wyoming site with up to 200 megawatts of potential capacity. The company is engaging with a range of counterparties, including potential partners, hyperscalers and infrastructure groups.
Highland Critical Minerals Corp (CSE:HLND, FRA:U8X) has announced plans for a summer exploration program at its Church property in northern Ontario.
The company is planning the exploration program following the successful close of a non-brokered flow-through private placement that raised gross proceeds of $400,000.
Giyani Metals Corp (TSX-V:EMM, OTC:CATPF, FRA:KT9) said its high-purity manganese oxide has passed interim Phase 2 testing by US battery technology company C4V, advancing the company's K.Hill manganese project in Botswana.
C4V assembled multiple single-layer pouch cells using manganese oxide produced at Giyani's demonstration plant in Johannesburg, South Africa.
Digi Power X Inc (NASDAQ:DGXX, FRA:1NQ0, NEO:DGX), the AI data center infrastructure operator, has signed a Master Services Agreement with AI computing company Cerebras Systems to colocate a purpose-built, 40-megawatt data center campus in Columbiana, Alabama, the company announced Tuesday.
Shares of Digi Power X surged on the news, up almost 30% on Tuesday morning.
Hydrogen Utopia International PLC (OTCQB:HUIPF, LSE:HUI) said it is moving into the defence market with Project Fortress Fuel, a proposed system designed to turn domestic waste plastic and end-of-life tyres into JP-8 military aviation fuel and baseload electricity.
The company said the project is aimed at reducing military reliance on long-distance fuel supply chains, particularly routes exposed to geopolitical disruption, embargoes or conflict-related interdiction.
Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF), the AIM-listed semiconductor technology company, has seen its shares fall by a third, leaving it valued at less than £200,000, after revealing a cash preservation crisis that has forced its two senior managers onto part-time contracts.
The stock has now lost 92% of its value over the past year.