All articles tagged with #stock reaction
CoreWeave reported a strong quarter with a 50% revenue increase and a backlog exceeding $55 billion, driven by high AI demand and major deals with Meta and OpenAI. However, construction delays at a key data-center provider led to a trimmed 2025 outlook and a temporary stock decline, prompting CEO Michael Intrator to defend the results and downplay the impact of the setbacks.
Carnival reported strong Q3 earnings exceeding expectations due to resilient cruise demand and record-high bookings for 2026, yet its stock fell 2% after initially rising over 5%, possibly reflecting investor concerns about the cruise rally's sustainability despite positive outlooks and upgraded guidance.
Tempus AI's stock rebounded after a sharp decline caused by a critical short report from Spruce Point Capital, which questioned the company's AI capabilities and leadership. Tempus responded by dismissing the allegations as inaccurate and misleading, emphasizing its strong financial performance and growth in healthcare AI applications.
PayPal has appointed Alex Chriss, formerly of Intuit Inc., as its new CEO, effective September 27, 2023. Analysts believe Chriss will face challenges in changing the narrative around PayPal's loss of market share to Apple Pay and deciding on the potential combination of the PayPal and Venmo brands. While the CEO appointment provides clarity, there is uncertainty about Chriss's impact on PayPal's growth strategy and investment spend. PayPal's stock traded lower following the announcement.