Advanced Drainage Systems Inc (WMS) News & EventsWMSAdvanced Drainage Systems Inc

Nasdaq Rises on Nvidia Earnings Report

The major averages were broadly lower near noon, but recovered to post an advance.Investors continue to grapple with rising Treasury yields, sticky inflation concerns, another bump in oil prices, and renewed geopolitical tension.Technology shares were mixed following earnings from Nvidia, which topped expectations and included an $80B buyback authorization. Meanwhile, AI-linked and quantum computing names surged after the U.S. government announced major funding initiatives benefiting companies tied to advanced computing infrastructure.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiareported, provided an upbeat revenue guide for Q2, approved an additional $80B in share repurchases, and increased its quarterly dividend to 25c per share from 1cElon Musk's SpaceXhason NasdaqWalmartreportedand reaffirmed its FY27 outlookIBMand the U.S. Department of Commerce announced a letter of intent to build anIntuitprovided areport for Q32. WALL STREET CALLS:Etsyto Buy at Argus amid improving metricsJPMorganAmerenon data center growth, Missouri backdropZoomInfoto Hold at JefferiesKyndrylat Susquehanna amid "challenging signs"Craig-Hallum bullish on MapLight Therapeutics,with a Buy3. AROUND THE WEB:OpenAI generated nearly $1B more in revenue than Anthropic in Q1, Information reportsAI startup Modal Labs raised $355M in a new round of financing, valuing the company at $4.65B, Reuters reportsThe Bear Cave issued a cautious note on Ethos TechnologiesManus's cofounders, Xiao Hong, Ji Yichao and Zhang Tao, are exploring ways to fulfill Beijing's demand to unwind a takeover by Meta Platforms, Bloomberg reportsAlibabaadded a new processor to its AI technology stack, unveiling its Zhenwu M890 AI accelerator, Bloomberg says4. MOVERS:D-Wave Quantumgained after signing afor $100M of proposed funding under the U.S. CHIPS and Science ActApplied Digitalincreased after entering a long-term lease agreement with the samethat previously signed at Delta Forge 1Nebiuswas higher in New York afterwith Bloom Energyto power the company's AI infrastructure build-outSpotifywas lower after the company introduced aDeereand Borr Drillingfell in New York after5. EARNINGS/GUIDANCE:Williams-Sonoma, with CEO Laura Alber commenting on the "strong start in 2026"Ralph Laurenand provided guidance for FY27Advanced Drainage, with EPS and revenue beating consensusAdvance Auto Partsand reaffirmed its guidance for FY26Shoe Carnival, with EPS in-line with consensusINDEXES:The Dow rose 276.31, or 0.55%, to 50,285.66, the Nasdaq gained 22.74, or 0.087%, to 26,293.10, and the S&P 500 advanced 12.75, or 0.17%, to 7,445.72.

Nasdaq Declines as Nvidia Announces $80B Buyback

The major averages were broadly lower near noon, as investors continue to grapple with rising Treasury yields, sticky inflation concerns, another bump in oil prices, and renewed geopolitical tension.Technology shares were mixed following earnings from Nvidia, which topped expectations and included an $80B buyback authorization. Meanwhile, AI-linked and quantum computing names surged after the U.S. government announced major funding initiatives benefiting companies tied to advanced computing infrastructure.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiareported, provided an upbeat revenue guide for Q2, approved an additional $80B in share repurchases, and increased its quarterly dividend to 25c per share from 1cElon Musk's SpaceX hason NasdaqWalmartreportedand reaffirmed its FY27 outlookIBMand the U.S. Department of Commerce announced a letter of intent to build anIntuitprovided areport for Q32. WALL STREET CALLS:Etsyto Buy at Argus amid improving metricsJPMorganAmerenon data center growth, Missouri backdropZoomInfoto Hold at JefferiesKyndrylat Susquehanna amid "challenging signs"Craig-Hallum bullish on MapLight Therapeutics,with a Buy3. AROUND THE WEB:The Bear Cave issued a cautious note on Ethos Technologies (LIFE)Match Group'sTinder is betting Gen Z daters would prefer to be offline, introducing in-person events two months ago to steer users toward actual dates, Bloomberg saysManus's cofounders, Xiao Hong, Ji Yichao and Zhang Tao, are exploring ways to fulfill Beijing's demand to unwind a takeover by Meta Platforms, Bloomberg reportsAlibabaadded a new processor to its AI technology stack, unveiling its Zhenwu M890 AI accelerator, Bloomberg saysAirbushas warned some customers of additional A350 delivery delays later this decade due to supply chain issues affecting fuselage parts from its recently acquired North Carolina plant and disruptions in Spain affecting cargo door production for the A350 Freighter, Reuters reports4. MOVERS:D-Wave Quantumgains after signing a Letter of Intent forunder the U.S. CHIPS and Science ActApplied Digitalincreases after entering awith the same U.S. based hyperscaler that previously signed at Delta Forge 1Nebiushigher in New York after entering anto power the company's AI infrastructure build-outOsisko Developmentlower in New York after announcing aDeereand Borr Drillingfall in New York after5. EARNINGS/GUIDANCE:Williams-Sonoma, with CEO Laura Alber commenting on the "strong start in 2026"Ralph Laurenand provided guidance for FY27Advanced Drainage, with EPS and revenue beating consensusAdvance Auto Partsand reaffirmed its guidance for FY26Shoe Carnival, with EPS in-line with consensusINDEXES:Near midday, the Dow was down 0.21%, or 107.38, to 49,901.97, the Nasdaq was down 0.34%, or 89.08, to 26,181.28, and the S&P 500 was down 0.28%, or 21.01, to 7,411.96.

FY27 Adjusted EBITDA Expected at $1B to $1.05B

Sees FY27 adjusted EBITDA $1B-$1.05B. Capital expenditures are expected to be approximately $200M. "Turning to Fiscal 2027, we are cautious on the demand outlook due to the geopolitical uncertainty, elevated interest rates and resulting economic uncertainty. Non-residential construction activity continues to benefit from large projects, though residential construction activity has slowed. We have good line of sight into our costs, and we are working to offset inflationary pressure on a dollar-for-dollar basis through pricing actions as well as by utilizing our North American leading recycling capabilities to pivot to lower-cost material. We are confident in our ability to grow and increase market share during this period of market uncertainty, supported by our national reach and industry-leading product portfolio, as we focus on growing geographies and segments of the construction market, such as data centers."