huang, Eric

Heico reported record-breaking revenue, net income, and operating income in the fourth quarter, yet its overall sales fell short of expectations, causing a drop in share prices. The company’s Electronic Technologies Group experienced a 2% decline in sales to $336.2 million, which was attributed to lower defense products net sales and slightly lower net sales […]

Key Takeaways: Nuclear power startup Oklo announced a partnership with data center provider Switch on Wednesday. The news initially sent Oklo stock higher, but it cooled in late-morning trading. The two sides reached a ‘framework’ agreement for Oklo to provide 12 gigawatts of power to Switch’s data centers over the next two decades. The deal

U.S. equities experienced gains at midday in anticipation of another interest rate cut from the Federal Reserve. Jabil (JBL) emerged as the best-performing stock in the S&P 500 after announcing better-than-expected results and raising its outlook following a restructuring plan. Nvidia (NVDA) shares rebounded from recent losses due to a positive report on the chipmaker’s