Individual Stock News
1. Dell (DELL.N) shares surged nearly 40% in pre-market trading after first-quarter results far exceeded expectations.
2. Marvell Technology Group (MRVL.O) reported first-quarter revenue of $2.42 billion, a 28% year-over-year increase, exceeding market expectations of $2.41 billion.
3. Synopsys (SNPS.O) reported adjusted earnings per share of $3.35 in the first quarter, with revenue increasing 42.5% year-over-year to $2.28 billion.
4. Best Buy (BBY.N) reported Q1 revenue of $8.94 billion, better than market expectations of $8.83 billion.
5. Snowflake (SNOW.N) reported first-quarter revenue of $1.33 billion from Snowflake products, a 34% year-over-year increase, and total revenue of $1.39 billion, a 33% year-over-year increase, significantly exceeding market expectations of $1.32 billion.
6. Kohl's (KSS.N) reported Q1 sales of $3 billion, lower than $3.05 billion in the same period last year.
7. Amazon (AMZN.O) plans to offer SpaceX's Grok model on its flagship artificial intelligence service.
