Jersey Mike's Subs debuted on the NYSE at $23 per share, raising $1 billion and achieving a $7.3 billion valuation. The sandwich chain plans to expand into the UK and Ireland with 400 new stores, building on its 3,300+ North American locations. Meanwhile, Meta Platforms reported a sharp decline in Q2 free cash flow to $784 million from $8.5 billion last year, due to heavy investments in AI and a weaker revenue outlook. Starbucks also reported strong Q3 results, boosting investor confidence with positive comparable sales and raised earnings guidance.
SanDisk stock soared about 7,000% over a year to $2,354.39 before plunging roughly 57% to $1,015.89 by late July. This extreme volatility pushed its relative strength index (RSI) from a historic overbought level above 99 to an oversold level below 33...
Microsoft stock surged 8.88% in after-hours trading following its Q4 FY2026 earnings report, adding $257 billion to its market value. The company beat analyst forecasts with EPS of $4.74 versus $4.24 expected and revenue of $90.01 billion versus $87....
Microsoft's shares jumped 8% in premarket trading after reporting better-than-expected fiscal Q4 revenue and 43% growth in its Azure cloud business, signaling that its AI investments, including Microsoft 365 Copilot, are paying off. The company now h...
Meta CEO Mark Zuckerberg discussed the company's challenge of balancing monetizing excess AI data center capacity versus retaining it for future AI development. Despite heavy capital spending rivaling peers, Meta currently lacks a cloud services busi...
Meta CEO Mark Zuckerberg announced that within five years, billions of people will rely on personal AI agents to manage tasks across health, finances, and careers. Meta is actively developing these AI assistants, already serving over a million busine...
