Intel Corp (NASDAQ:INTC, XETRA:INL) priced roughly $20 billion in new equity this week, a move analysts at BofA Securities said reflects growing confidence in the chipmaker's foundry business rather than a defensive balance-sheet play.
The bank estimates the offering, which includes a 15% greenshoe option, will dilute earnings per share by about 4-5% on the higher share count.
Gap Inc (NYSE:GPS) shares fell 3.8% on Wednesday after Jefferies downgraded the retailer to "Hold" from "Buy," citing growing concerns over softening trends at its Old Navy division.
The brokerage cut its price target to $23, rolling forward a roughly 9x price-to-earnings multiple on its fiscal 2028 earnings estimate of $2.56 per share.
Nine Mile Metals Ltd. (CSE:NINE, OTCQB:VMSXF, FRA:KQ9) announced it had intersected a high-grade volcanogenic massive sulphide (VMS) lens at its Wedge Mine in the Bathurst Mining Camp, New Brunswick.
The hole cut a thick massive sulphide lens carrying copper, lead, zinc, silver and gold, with visible chalcopyrite and bornite observed in the core.
Meren Energy Inc (TSX:MER, STO:MER, OTCQX:MRNFF) announced that it has raised its 2026 financial guidance after reporting $219.5 million in first-half EBITDAX and $139.4 million in cash flow from operations before working capital.
The company increased its full-year EBITDAX guidance midpoint to $410 million from $315 million, while raising its cash flow from operations midpoint to $247.5 million from $220 million.
Super Micro Computer Inc (NASDAQ:SMCI) reported a sharp increase in fourth quarter profit as margins improved, while revenue came in slightly below analysts’ expectations.
The company's shares were up about 14% at about $36 on the report.
CAVA Group (NYSE:CAVA) shares jumped 12.7% after the fast-casual chain beat second-quarter estimates on both revenue and earnings, with same-restaurant sales climbing 9% and easing investor concerns over a recent cyclospora-linked slowdown in the sector.
Revenue rose 31.3% year-over-year to $365.4 million, topping estimates of $361 million, while adjusted earnings per share came in at $0.19, ahead of the $0.18 consensus. Guest traffic increased 5.3%, the company said.
CoreWeave (NASDAQ:CRWV) shares jumped 19% to about $108 on Wednesday after the AI infrastructure provider reported second quarter results that topped Wall Street expectations, with analysts at Wedbush and Jefferies highlighting strong demand and the company's expanding backlog.
CoreWeave reported revenue of $2.575 billion for the quarter ended June 30, up from $1.212 billion a year earlier and slightly above the roughly $2.56 billion consensus estimate.