Core Insights - Wolfspeed reported a weaker first-quarter profit, indicating ongoing challenges for the U.S. chipmaker as it recovers from bankruptcy and faces subdued demand [1] Financial Performance - The company's first-quarter profit was lower than expected, reflecting difficulties in the recovery process post-bankruptcy [1] - The subdued demand for chips has further impacted the company's financial results, leading to a decline in share prices [1] Market Context - The challenges faced by Wolfspeed are indicative of broader issues within the semiconductor industry, particularly in the U.S. market [1] - The company's performance highlights the ongoing volatility and uncertainty in the chip market, which is struggling with demand fluctuations [1]

Core Insights - ServiceNow raised its annual subscription revenue forecast due to increasing demand for its artificial intelligence powered software solutions [1] Company Summary - The company is experiencing a surge in demand for its AI-driven software offerings, which has positively impacted its revenue outlook [1]

Core Insights - Chipotle Mexican Grill has reduced its annual sales forecast for the third time this year, indicating a trend where even affluent customers are cutting back on dining out due to rising costs [1] Company Summary - The company is experiencing a decline in sales expectations, which reflects broader consumer behavior changes in response to economic pressures [1] Industry Summary - The restaurant industry is facing challenges as consumers, including those with higher disposable incomes, are reducing their frequency of dining out amid increasing cost pressures [1]

E-commerce firm eBay forecast annual revenue above Wall Street estimates on Wednesday, signaling robust demand for products such as collector's items and refurbished goods. ...

Core Viewpoint - Equinix has lowered its annual revenue forecast due to delays in closing a deal and adverse foreign exchange impacts, despite expectations from Wall Street for the company to benefit from increased spending on AI infrastructure [1] Group 1: Company Performance - Equinix is experiencing delays in closing a deal, which has contributed to the lowered revenue forecast [1] - The company is facing negative impacts from foreign exchange rates, further affecting its financial outlook [1] Group 2: Market Expectations - Wall Street anticipates that Equinix will benefit from the growing investment in AI infrastructure, indicating a potential for future growth despite current challenges [1]

Meta recorded a nearly $16 billion one-time charge in the third quarter related to U.S. President Donald Trump's Big Beautiful Bill, sending its shares down 8% after the bell. ...

Starbucks on Wednesday posted its first quarter of global comparable sales growth after nearly a year-and-a-half, helped by a recovery in international markets, though growth still eluded its U.S. ope... ...

Core Insights - Carvana reported higher third-quarter profit and revenue, driven by strong demand for preowned vehicles [1] Company Summary - Carvana's third-quarter performance showed an increase in both profit and revenue, indicating a positive trend in the used car market [1] - The strong demand for preowned vehicles has significantly contributed to Carvana's financial results [1] Industry Summary - The used car market is experiencing robust demand, which is benefiting retailers like Carvana [1]

Core Insights - Microsoft reported significant growth in its cloud-computing business, exceeding Wall Street revenue estimates, indicating continued strong investment in artificial intelligence by businesses [1] Group 1: Financial Performance - Quarterly revenue surpassed Wall Street estimates, showcasing robust demand for cloud services [1] - The growth in the cloud-computing segment reflects a broader trend of businesses increasing their spending on technology solutions [1] Group 2: Market Trends - The strong performance in cloud services suggests that companies are prioritizing investments in artificial intelligence and related technologies [1]

Google-parent Alphabet beat Wall Street estimates for third-quarter revenue on Wednesday, as both its core advertising business and cloud computing unit showed steady growth. ...