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#stocks
Burry buys MercadoLibre in the $1,600s after post-earnings drop
Michael Burry bought a full position in MercadoLibre after the stock fell 13% on a Q1 margin miss, betting his IV15 framework will prove right over a 15-year horizon.
Cisco (CSCO) surges 17% on Q3 beat as AI orders double to $9bn
Cisco shares jumped 17% in extended trading after the networking giant beat Q3 estimates, raised its AI infrastructure orders forecast to $9bn from $5bn, and unveiled a $1bn restructuring that will cut nearly 4,000 positions.
Lattice Semi Q1 EPS beats by $0.04, revenue up 42%
Lattice Semiconductor Q1 2026 earnings beat consensus as data-centre and AI server demand drove a 42 per cent revenue jump. The company also announced a $1.65bn acquisition of AMI, a firmware and platform management provider.
Markets face April CPI test as earnings tide lifts tech to records
Investors head into the week of May 11 facing the April consumer price index and earnings from Circle, Nebius, and Applied Materials. The S&P 500 gained 2.3 per cent last week and the Nasdaq closed at a record, with the tech sector up 7 per cent.
Cisco closes at record $96.57 ahead of Q3 earnings as AI orders climb
Cisco Systems shares closed at a record $96.57 on Friday, rising 4.8 per cent, as investors positioned ahead of fiscal third-quarter results due May 13. AI infrastructure orders are expected to approach $5bn for the year.
Intuit (INTU) rises 4.9% as QuickBooks Workforce AI, Credit Karma expansion land
Intuit shares rose 4.9 per cent on May 7 after the company unveiled QuickBooks Workforce, an AI-native HCM platform for small businesses, and opened Credit Karma to the estimated 17 million US adults without a credit history. The product push builds on strong Q2 results that beat consensus.
Marriott Q1 earnings beat lifts shares as travel demand holds; RevPAR outlook raised
Marriott International shares rose 1.28 per cent after Q1 earnings beat and full-year RevPAR guidance raised.
CoreWeave Q1 revenue beats but wider loss and soft guidance sink stock 11%
CoreWeave posted a wider-than-expected Q1 loss of $1.40 per share and guided Q2 revenue below consensus, sending shares down 11.4 per cent on Friday despite a revenue beat and a near-$100bn order backlog.
Fair Isaac (FICO) Q2 EPS beats by $1.53; revenue $692m, guidance raised
Fair Isaac Corp. reported fiscal second-quarter earnings on 28 April that beat analyst estimates, raised full-year revenue and profit guidance, and sent shares up roughly 4.4 per cent, with mortgage origination volumes more than doubling year over year.
SoFi (SOFI) Q1 revenue beats, profit doubles, but unchanged 2026 guidance sinks stock 15%
SoFi Technologies reported record Q1 revenue of $1.10 billion and net income of $166.7 million, its tenth straight profitable quarter. The stock fell 15 per cent on the day after management left full-year guidance unchanged.
AppLovin Q1 beats on revenue and EPS as Axon platform opens to outside advertisers
AppLovin posted Q1 revenue of $1.84bn and adjusted EPS of $3.56, both beating consensus, but shares whipsawed Thursday as traders weighed a record 85 per cent EBITDA margin against execution risk on the June Axon platform opening.
HP jumps 8% before Q2 results as AI PC bets confront memory cost headwind
HP shares climbed roughly 8 per cent on Friday ahead of the company's 27 May fiscal Q2 earnings, as AI-capable PC demand offsets concern that rising memory chip costs will squeeze margins. Rival Dell Technologies rose 13 per cent on the same day.
SoundHound (SOUN) shares slide 12% after Q1 beat as LivePerson deal weighs
SoundHound AI fell 12.4% to $8.46 after-hours despite beating Q1 revenue estimates. The drop reflects acquisition-related dilution and execution risk on the LivePerson deal more than disappointment with the headline numbers.
