Check out the companies that make headlines in the midday deal. Baidu – Chinese tech stocks have increased by 4% after a source familiar with the matter said Baidu plans to release its next-generation AI model later this year. Sources said the “basic model” Ernie 5.0 will have “a significant enhancement of multimodal capabilities”. Micron Technology – Shared 3% of stock Tuesday morning after comments from semiconductor manufacturers at Wolf Semiconductor Conference. Micron said its second-quarter guidance did not have any updates, but did expect its third-quarter revenue growth. Kraft Heinz – The company’s revenue and Outlook disappointed investors since May, so consumer stocks were down 4%, its worst day. Kraft Heinz said sales fell by 4 percentage points from sales a year ago due to shifts in consumer behavior and a decline in restaurant business. The company noted that its forecasts do not include the impact of rising tariffs, changes in food regulations or currency fluctuations. Firefly Neuroscience – Microcap AI stock, which is engaged in mental illness and neurological diseases, soared 50% on Wednesday. The stock previously earned 171% at its meeting Tuesday, namely Firefly has been accepted as the Nvidia Connect program. General Mercury – Shares price nearly 17% after insurers released revenue and revenue for the fourth quarter. Mercury estimates its disaster losses from California wildfires range from $1.6 billion to $2 billion. Raymond James upgraded the stock to a strong buy after its latest report. Westinghouse Air Brake Technologies – The transport manufacturer fell 9% after lacking analyst estimates for its fourth-quarter adjusted revenue and revenue. Wabtec’s losses make it the worst performing stock in the S&P 500 on Wednesday. Super Microcomputer – Despite cutting full-year revenue outlook for fiscal 2025, the Server Builder stock still acquires about 5% of the shares. SuperMicro expects revenues to be between $23.5 billion and $25 billion, while analysts surveyed by LSEG are asking for $24.92 billion. CEO Charles Liang also said his “confident” super micro will be able to submit its delayed annual report by February 25. Consumer lending platforms soared about 33% after their better-than-expected first-quarter guidance. Upstart expects revenue to reach $200 million over the period, which is the consensus estimate of $193.8 million that analysts need. The upstart’s fourth-quarter revenue and revenue were also better than expected. CVS – Pharmacy retailers soared 15% after reporting adjusted revenue of $1.19 per share of $97.71 billion. Those figures surpassed the $97.1 billion analyst revenue surveyed by LSEG, with a profit of 93 cents per share. Doordash-Stock rose 3%, the highest level since 2021, after the food delivery platform released its first-class rhythm in the last quarter. Doordash reported revenue of $2.87 billion, while analysts surveyed by LSEG estimated $2.84 billion. Lyft – Stock operators reported that the stock had a total fourth-quarter booking volume of $4.28 billion, which was below $4.32 billion for analysts, based on the fact set accounts. Lyft also said it expects $4.05 billion to $4.2 billion to be booked during the current period, while the consensus estimate calls for $4.24 billion. Zillow-The real estate market fell 10% after providing weak first-quarter guidance. Zillow expects quarterly revenue to be between $575 million and $590 million, below the consensus estimate of $599.8, according to FactSet. However, the company reported a fourth-quarter revenue beat. AVIS Budget Group – The car rental company lost 8% after reporting a $2 billion net loss, while its $2.71 billion revenue was lower than the $2.72 billion Factset consensus. Vertiv Holdings – Infrastructure stocks fell 9% after the weaker forecasts provided. Vertiv is expected to receive an adjusted 57 cents to 63 cents per share in the quarter, while analysts surveyed by FACTSET forecast a profit of 63 cents per share. The company expects adjusted earnings for the full year to be between $3.50 and $3.60, while analysts expect $3.57 per share. Compass Minerals – Industrial Salt Stocks increased by 3% after JPMorgan’s upgrade, resulting in overweight from neutral. JPMorgan said the compass could benefit from the cold weather this winter. Gilead Sciences – Stocks rose by 7%. The pharmaceutical company released fourth-quarter results, surpassing top and bottom line expectations and increased its dividend. Revenue of $1.90 per share exceeded the $1.73 FactSet consensus estimate. Alibaba – Stocks rose more than 4% after information, citing a person with direct knowledge, reporting that Apple8 has partnered with Chinese tech companies to release AI features to iPhone users in China. – CNBC’s Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Yun Li, Sarah Min and Nick Wells contributed the report.
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