Dell Technologies Inc (NASDAQ:DELL) will report its first quarter results next week, with Bank of America analysts forecasting the company will surpass Wall Street expectations on both revenue and earnings while raising its full-year outlook.
The brokerage reiterated its ‘Buy’ rating on Dell shares and increased its price target to $280 from $246, citing sustained demand for artificial intelligence servers, stronger-than-expected PC trends in the first half of the year, and improving infrastructure solutions revenue.
Analog Devices Inc (NASDAQ:ADI) said it has agreed to acquire closely held Empower Semiconductor for $1.5 billion in cash to expand its position in artificial intelligence data center power management, as the chipmaker posted record fiscal second-quarter revenue.
The deal, expected to close in the second half of 2026, brings Analog Devices an integrated voltage regulator technology designed for next-generation 800-volt AI data center architectures, which require more compact and efficient power delivery systems than traditional designs. Empower's technology moves power regulation directly next to processors, eliminating bulky circuit board-mounted capacitor banks.
Kavango Resources PLC (LSE:KAV, OTC:KVGOF) shares were on the move on Wednesday, as it reported metallurgical testwork from the Hillside Gold Project in Zimbabwe, which the company said delivered high recoveries and standard processing requirements, clearing a key technical step as it prepares to bring its 50 tonnes-per-day gold plant into operation.
The Southern Africa-focused metals exploration and gold production company highlighted that ideal laboratory recoveries exceeded 95%, with real-world plant recoveries expected in the 90–93% range. Composite D, representing the expected feed for the 50 tpd plant, achieved 96% total plant recovery under laboratory conditions, while Composite C, representing a potential future 250 tpd upgrade blend, achieved 97%.
Intel Corp (NASDAQ:INTC, XETRA:INL) shares moved higher on Wednesday following reports that the company has shown early-stage interest in acquiring AI-chip startup Tenstorrent.
According to Bloomberg, Tenstorrent has been working with investment banks to evaluate strategic options and has held separate conversations with Intel and Qualcomm.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) reports first-quarter results after the close on Wednesday, and analysts have a long list of things they want to hear about -- from a potential blockbuster buyback to the rollout of its next-generation chips.
Wedbush fully expects Nvidia to again exceed estimates and guide above consensus. The firm pointed to healthy AI infrastructure spending it believes will continue through 2027.
American Resources Corp (NASDAQ:AREC) said on Wednesday it has completed a multi-year transformation away from metallurgical coal into a rare earth and critical mineral supply chain platform.
As part of the restructuring, American Resources has separated its legacy coal operations and its affiliated refining entity, ReElement Technologies Corporation, into standalone companies no longer consolidated within its financial statements. The company said the move simplifies its corporate structure and improves financial transparency.
Grey Matters Health (CSE:GREY, OTCQB:AGNPD, FRA:AGW0) announced that it has signed a non-binding letter of intent with Catalyst MedTech to provide a minimum of 200 brain Positron Emission Tomography (PET) scans for an upcoming Alzheimer’s disease clinical trial.
The scans are expected to be conducted at Grey Matters’ planned NovaScan Neuroimaging Clinics location in Tampa, Florida, which the company aims to establish by the end of the fourth quarter of 2026. The parties said they intend to work toward a definitive services agreement within the next 60 days.
United Airlines Holdings Inc (NASDAQ:UAL, XETRA:UAL1) shares rose about 6% on Wednesday after the carrier issued an upbeat summer travel forecast, pointing to strong demand driven by major global events, peak holiday travel, and continued momentum in international bookings.
The airline said it expects more than 53 million passengers to fly United between June and August, an increase of roughly 3 million from last summer.
Target Corp (NYSE:TGT) posted its strongest comparable sales growth in four years, beating analyst expectations on both earnings and revenue, though shares fell as the retailer cautioned that cost pressures would weigh more heavily in the near term.
The Minneapolis-based discount retailer reported first-quarter earnings per share of $1.71, topping the analyst consensus estimate of $1.46, on revenue of $25.44 billion against expectations of $24.66 billion.
Lowe's Companies Inc (NYSE:LOW) shares fell about 4% in early trading on Wednesday after the home improvement retailer reaffirmed a full-year outlook that came in slightly below Wall Street expectations, despite reporting first quarter earnings and revenue that topped analyst estimates.
Lowe’s continues to expect total sales of $92 billion to $94 billion versus Wall Street expectations of about $93.07 billion for the full year.
TJX Companies Inc (NYSE:TJX) reported stronger-than-expected first-quarter results on Wednesday, as a surge in customer traffic across all its retail banners lifted sales and profit above estimates.
Net sales rose 9% year over year to $14.3 billion, topping the $14 billion consensus estimate, while diluted earnings per share jumped 29% to $1.19, well above the $1.02 analysts had forecast.
CAVA (NYSE:CAVA) shares were set to open more than 10% higher at about $87 on Wednesday after the Mediterranean restaurant chain reported first quarter results that topped Wall Street expectations and raised its full-year outlook.
The company reported revenue of $438.3 million for the quarter, exceeding analyst estimates of $418.5 million.