Digital Turbine, Inc. (APPS) News & EventsAPPSDigital Turbine, Inc.

Treasury Yields Fall Back, S&P 500 Rebounds

Investors finally bought the dip in Treasuries, with the 10-year yield falling back to as low as 5.21% after the rate on the benchmark advanced as high as 5.34% this morning.  Relief in fixed income also helped reverse the pressure in the equity space as the S&P 500 finished the day higher following three consecutive losing sessions.  Energy and Tech were the best-performing sectors while Basic Materials underperformed.  Within Tech, the pro-AI area of the market were especially strong - Micronended the day up 3% following last night's earnings and semiconductor equipment names like Lam Research, Applied Materials, and KLA Corpwere up 3% or more.Nikewas in the spotlight afterhours, with the stock falling over 8% on Q1 revenue miss and downbeat commentary from its incoming CFO.  The company's challenges in China were especially telling as new CFO Denton warned that revenue is expected to get worse in the region for the rest of the year.  This compares to prior quarters' expectation that near-term revenue trends in China were aligned with recent performance.In the opening hour of the evening session S&P e-minis are up a decimal while the Nasdaq 100 contract is up by 0.2%.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER -ON Semiconductorup 6.5% after announcing revised merger agreement with Synaptics, up 14.6%DOWN AFTER EARNINGS -NIKEdown 8.3%; On Holding AGdown 0.3%, Under Armour, Inc.down 0.8% in sympathyALSO LOWER -Mobilicom Limiteddown 1.4% after filing mixed securities shelfDigital Turbinedown 0.9% after filing mixed securities shelf

Similarweb Appoints Michael Akkerman as CEO

Similarweb announced that its board of directors has appointed Michael Akkerman as Chief Executive Officer, effective November 2. Akkerman succeeds Founder and CEO Or Offer, who, as previously announced in May, is stepping down after close to two decades leading the company. Akkerman, who "brings nearly 20 years of C-level and senior operating leadership across digital advertising, data, and technology businesses," currently serves as Chief Business Officer of Digital Turbine (APPS), the company noted. Or Offer, Founder and outgoing CEO of Similarweb, said, "I've spent almost 20 years building this company, and I couldn't be prouder of where we stand today - a business that has successfully navigated its transition into the AI era and is well positioned for its next phase of growth. I am proud to hand the reins to someone with Michael's caliber, expertise, and energy. He has the experience and the track record to carry Similarweb forward, and I look forward to supporting him through the transition."

Mixed Finish for Major Averages as SpaceX Eyes $1T Revenue by 2029

The major averages had a mixed finish on Wednesday as investors weighed another wave of corporate earnings against continued tensions in the Middle East. Technology stocks remain the primary focus after SpaceX and AMD both reported quarterly results that topped expectations, but nevertheless saw their shares fall sharply in premarket trading.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SpaceXreported, with the company saying there's a "non-zero chance" of reaching $1T in revenue in 2029Disneyreportedbut lower-than-expected revenue for the periodUberreportedand provided a conservative outlook for Q3Eli Lillyreportedand narrowed its FY26 earnings outlookAMDreportedand provided an upbeat outlook for Q3 revenue2. WALL STREET CALLS:Best Buyto Hold at JefferiesBristol Myersto Buy at ArgusBurlington Storesto Neutral at CitiElf Beautyto Outperform at BernsteinTransDigmto Hold at Stifel3. AROUND THE WEB:Google'schief scientist Jeff Dean is leaving the company to launch Discovery Loop, an AI startup focused on automating scientific research, WSJ reportsJeff Smith's Starboard has taken a position in Shake Shack, Bloomberg reportsGooglehas assembled a $200B financing program for Anthropic, with more than $150B tied to TPUs and involving Broadcom, Blackstone, Apollo, Morgan Stanley, and others, FT saysHP, Asus, and Acerhave started using small amounts of DRAM chips from CXMT in their laptops for non-U.S. markets, amid an unprecedented memory shortage, Nikkei Asia reportsAstraZenecaand Bristol Myersare not engaged in merger discussions, ending speculation around a potential $400B pharmaceutical combination, Reuters says4. MOVERS:Digital Turbinewas higher afterand providing guidance for FY26Latham Groupincreased afterand raising its guidance for FY26Bloomin' Brandsand Cricutgained afterVishay Precisionfell afterand providing guidance for Q3Taboolaand SolarEdgewere lower in New York after5. EARNINGS/GUIDANCE:One Stop Systemsand raised its outlook for FY26EVgo, with CEO Badar Khan commenting on "another quarter of solid execution"Vishay, with EPS beating consensusGilat Satelliteand backed its guidance for FY26, with CEO Adi Sfadia calling it "another strong quarter"CVS Healthand raised its outlook for FY26INDEXES:The Dow rose 263.24, or 0.49%, to 54,349.12, the Nasdaq lost 221.55, or 0.83%, to 26,363.44, and the S&P 500 declined 12.97, or 0.17%, to 7,723.55.