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Skyworks Solutions forecasts higher revenue on strong chip demand

Skyworks Solutions forecasts higher revenue on strong chip demand

May 5 (Reuters) - Skyworks Solutions forecast quarterly revenue above estimates on Tuesday, betting on strong demand for its radio-frequency chips used in premium smartphones. Shares of the Irvine, California-based company rose more than 1% in extended trading.
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Snap's quarterly revenue rises, daily active users return to growth

Snap's quarterly revenue rises, daily active users return to growth

May 6 (Reuters) - Snap said on Wednesday its first-quarter revenue rose 12% on the back of resilient advertising spending and that its number of daily active users returned to growth, driven by markets outside of North America and Europe.
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Alphabet closes in on Nvidia's spot as world's biggest company

Alphabet closes in on Nvidia's spot as world's biggest company

By Shashwat Chauhan May 5 (Reuters) - Alphabet is on the cusp of overtaking Nvidia as the world's most valuable company, riding on a record stock rally fueled by its artificial intelligence efforts and booming cloud business.
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Uber forecasts strong second-quarter bookings despite Middle East woes

Uber forecasts strong second-quarter bookings despite Middle East woes

May 6 (Reuters) - Uber Technologies forecast second-quarter bookings above Wall Street estimates on Wednesday on strong demand for ride-hailing and delivery services, even though the Middle East conflict weighed on its growth.
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Beyond Meat forecasts muted second-quarter sales on weak demand

Beyond Meat forecasts muted second-quarter sales on weak demand

May 6 (Reuters) - Beyond Meat forecast current-quarter revenue below Wall Street expectations on Wednesday, as it grapples with sluggish demand for its once-iconic plant-based products. 
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Live Nation posts upbeat quarterly revenue on steady demand for concerts

Live Nation posts upbeat quarterly revenue on steady demand for concerts

May 5 (Reuters) - Live Nation Entertainment beat analysts' estimates for first-quarter revenue on Tuesday, underscoring steady demand for concerts and live events even as the Ticketmaster parent faces mounting regulatory and legal scrutiny.
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DoorDash forecasts quarterly order value above estimates

DoorDash forecasts quarterly order value above estimates

May 6 (Reuters) - DoorDash on Wednesday forecast second-quarter marketplace gross order value above analysts' estimates, helped by resilient demand and the online delivery firm's expansion across grocery, retail and international markets. Shares of the company were up 10% in extended trading. 
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DuPont lifts forecast as price hikes offset Iran war-driven costs

DuPont lifts forecast as price hikes offset Iran war-driven costs

By Pooja Menon May 5 (Reuters) - Industrial materials maker DuPont raised its annual profit and sales forecasts on Tuesday after beating first-quarter estimates, as price increases helped offset higher input costs driven by the U.S. and Israel's war with Iran.
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AI chipmaker Cerebras aims to raise $3.5 billion in US IPO

AI chipmaker Cerebras aims to raise $3.5 billion in US IPO

May 4 (Reuters) - Nvidia-rival Cerebras Systems, which makes chips for artificial intelligence workloads, is aiming to raise $3.5 billion in its U.S. initial public offering.
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Pinterest forecasts upbeat quarterly revenue on resilient advertiser spending

Pinterest forecasts upbeat quarterly revenue on resilient advertiser spending

May 4 (Reuters) - Pinterest forecast second-quarter revenue above analysts' estimates on Monday, helped by steady spending from advertisers as the image-sharing platform sharpens its ad offerings with deeper artificial intelligence integration.
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Palantir raises annual revenue forecast on strong US government demand

Palantir raises annual revenue forecast on strong US government demand

May 4 (Reuters) - Palantir Technologies raised its annual revenue forecast on Monday and beat estimates for quarterly results, a sign of rising demand for its data analytics software from the U.S. government and commercial clients.
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Duolingo's growth outlook moderates as it prioritizes engagement over monetization

Duolingo's growth outlook moderates as it prioritizes engagement over monetization

By Akash Sriram May 4 (Reuters) - Duolingo posted strong first-quarter results but signaled a more measured growth trajectory ahead, as the language-learning app prioritizes user engagement and product improvements over near-term monetization.