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PLAB News
PLAB Events
Investors Await Nvidia Earnings as Futures Show Little Change
Stock futures are little changed as investors largely sit on the sidelines ahead of Nvidia's earnings after the close.Investors are looking for evidence that the enormous AI infrastructure spending cycle remains intact, with Wall Street expecting quarterly revenue of roughly $92B for Nvidia. Given Nvidia's weighting in the major indexes and its importance to the semiconductor sector, a meaningful earnings beat or miss could have an outsized effect on the broader market.The bond market is getting some relief as oil prices fall below $90 a barrel on signs of progress toward managing shipping through the Strait of Hormuz. Brent crude has fallen for a third consecutive session, helping push Treasury yields lower and easing some of the inflation concerns that had pressured stocks over the past several weeks.In pre-market trading, S&P 500 futures fell 0.13%, Nasdaq futures fell 0.35% and Dow futures rose 0.03%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Cre8 Enterpriseup 157% after announcing that the number of customers it served and its project backlog each reached record levels as of June 30Target Hospitalityup 9% after reporting a new multi-year lease and services agreement to provide facility and hospitality services for a hyperscaler's data center development in the Pecos region of West TexasUP AFTER EARNINGS -Photronicsup 18%Abercrombie & Fitchup 12%Movadoup 5%J.M. Smuckerup 4%Donaldsonup 4%DOWN AFTER EARNINGS -Intuitdown 10%Kohl'sdown 8%Zoom Communicationsdown 6%Dycomdown 4%Bath & Body Worksdown 3%Li Autodown 2%Williams Sonomadown 1%Semtechdown 1%LOWER -Boston Scientificdown 6% after disclosing a cybersecurity incident affecting its information technology systems that has resulted in a global disruption to the company's operations
Sees Q4 Revenue of $207M-$227M
Sees Q4 revenue $207M-$227M, consensus $215.68M. Sees Q4 operating margin 19%-24%.
Company Reports Q3 Revenue of $216.05M, Beating Expectations
Reports Q3 revenue $216.05M, consensus $208.75M. Commenting on the third quarter performance, chairman and CEO George Macricostas said, "We are pleased to recognize a recovery of some of the temporarily delayed semiconductor design releases that occurred back in our fiscal Q2. Continued high fab utilization rates throughout the industry have been a positive influence toward node migration trends, resulting in a record percentage for our high-end I.C. business at 44% of total I.C. revenue. Our investments in the U.S. and Korea remain on track as we continue to strengthen our position at the high end of the market over the coming years."
Major U.S. Averages Advance as Investors Weigh AI Enthusiasm Against Fiscal Outlook
The major averages advanced as investors weighed AI enthusiasm against mounting concerns about the U.S. fiscal outlook, the long-term direction of interest rates and the situation in the Middle East. Axios reported that the U.S. and Iran have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran's nuclear program. The report noted, however, that President Trump has yet to give the proposed deal his final approval.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Snowflakereported, agreed to acquire Natoma, and expanded its Amazoncollaboration with a $6B commitment to AWSSalesforceprovided areport for Q1Caesarsby Fertitta Entertainment for $31 per share in cashBig retailers Best Buy, Kohl's, and Dollar TreeallAnthropic has raised $65B in Series H funding at a2. WALL STREET CALLS:JPMorganDick's Sportingwith Q1 supporting bull caseBaxterto Sell at CitiTrade Deskwith a Sell at Rothschild & Co RedburnDominionto Buy at Jefferies following NextEradealFirst Solarto Buy at GLJ Research3. AROUND THE WEB:Toyotahas stopped development of its Lexus next-gen EV, Nikkei Asia reportsCybersecurity company SentinelOneis preparing for layoffs and is expected to announce the cuts alongside earnings, Calcalist reportsJPMorganCEO Jamie Dimon said the bank could spend up to $20B on an acquisition in the next couple of years, CNBC reportsSamsungplans to invest about $1.5B to build a semiconductor testing plant focused on legacy chips in Vietnam, Reuters saysAustralia has launched a record $1.43B+ lawsuit against 3Mover PFAS-contaminated firefighting foam, citing extensive environmental, economic, and cultural damage tied to the "forever chemicals," Reuters reports4. MOVERS:Hormel Foodsrose afterUnusual Machines, AeroVironment, Ondas, and RedCatincreased after WSJthe Trump administration is pursuing funding deals with drone companiesAgilentwas higher afterand raising its guidance for FY26Photronicsfell after, with EPS and revenue missing consensusSidus Spacewas lower after5. EARNINGS/GUIDANCE:HP Inc.reportedand narrowed its FY26 earnings guidanceBuild-A-Bearand provided guidance for FY26Sono-Tek, with CEO Steve Harshbarger commenting, "We are greatly encouraged by our fiscal 2026 results"Seanergy Marine, with EPS and revenue beating consensusLi Auto, with EPS and revenue lower year-over-yearINDEXES:The Dow rose 24.69, or 0.049%, to 50,668.97, the Nasdaq gained 242.74, or 0.91%, to 26,917.47, and the S&P 500 advanced 43.27, or 0.58%, to 7,563.63.
Photronics Stock Drops 31.6% to $36.60
Photronics is down -31.6%, or -$16.91 to $36.60.
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