Shares of Corning surged about 20% in premarket trading on Wednesday after the company announced a multiyear partnership with Nvidia to expand optical manufacturing capacity in the United States. The collaboration will focus on developing advanced optical technologies for artificial intelligence infrastructure, including the construction of three new manufacturing facilities in North Carolina and Texas.
Wall Street’s main indexes opened higher on Wednesday, extending a strong run fueled by optimism over a potential US-Iran peace agreement and continued enthusiasm around artificial intelligence-driven growth. Stock indices advanced after reports suggested Washington and Tehran were nearing a deal to end the conflict. The Dow Jones Industrial Average rose 448 points, or 0.91%,
Advanced Micro Devices (NASDAQ: AMD) is pushing higher in extended hours after delivering a comprehensive “beat and raise” that underscores its growing dominance in the AI infrastructure trade. In Q1, the chipmaker earned $1.37 on a per-share basis and generated $10.25 billion in revenue – handily beating both Wall Street estimates and the last year’s
Shares of Strategy (NASDAQ: MSTR) (previously known as Microstrategy) declined in extended trading on Tuesday after the bitcoin-focused firm reported a significantly wider first-quarter loss, reflecting the impact of falling cryptocurrency prices on its large digital asset holdings. The company, led by Michael Saylor, posted a net loss of $12.77 billion, or $38.25 per share,