Applied Materials Surpasses Earnings Estimates, But AI Hype Fails to Boost Stock

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Applied Materials Surpasses Earnings Estimates, But AI Hype Fails to Boost Stock. 🤖 The company reported strong earnings fueled by AI demand, yet shares dipped 3% after hours. Investors remain cautious despite the company's optimistic outlook on the semiconductor industry. MarketWatch reports.

💰 ShopLuxe: Walmart beats sales, raises outlook as higher income consumers continue to turn to the retail giant. Yahoo Finance reports.

🌍 GoogAI: Google brings AI answers in search to new countries. Reuters reports.

📈 JDRise: JD.com posts 92% increase in profits on AI-powered cost savings. MarketWatch reports.

📦 Droneazon: Amazon to test Prime Air drone delivery service in the UK. CNBC reports.

📊 LenovoGains: Lenovo Q1 revenue jumps 20%, beats estimates as PC market recovers. Reuters reports.

⚽ Bankball: Bank of America partners with FIFA as first-time sponsor for 2026 World Cup. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $CSCI: Cosciens Biopharma
Total gain: +69.71%

2. $SEEL: Seelos Therapeutics
Total gain: +68.4%

3. $CING: Cingulate
Total gain: +60.83%

4. $GTEC: Greenland Technologies
Total gain: +45.06%

5. $STG: Sunlands Technology
Total gain: +22.3%

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The closing price of the top three market percent gainers trading near or above $3 on August 15.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $CING: Cingulate
Total gain: +161.25%
The company announced that it has been granted a European patent for its lead asset, CTx-1301 (dexmethylphenidate), intended for the treatment of Attention Deficit Hyperactivity Disorder (ADHD). Benzinga reports.

2. $ASTSW: AST SpaceMobile
Total gain: +97.26%
The stock appeared to be moving on no notable news.

3. $ARAY: Accuray Incorporated
Total gain: +49.65%
The company reported its financial results for the fourth quarter and fiscal year 2024, which ended on June 30, 2024. Net revenue was $134.3 million, reflecting an increase of 13.5 percent compared to the same period in the previous fiscal year. On a constant currency basis, net revenue was $136.7 million, representing a 15.6 percent increase over the same period in the prior fiscal year. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

FLO: Flowers Foods
2Q 2024
After Market Close
Estimate: 0.330
Actual: N/A

MSGE: Madison Square Garden
4Q 2024
After Market Close
Estimate: -0.520
Actual: N/A

RLX: RLX Technology
2Q 2024
After Market Close
Estimate: 0.020
Actual: N/A

Time (ET) / Report / Period

10:00 am Consumer sentiment (prelim) - August
8:30 am Housing starts - July
8:30 am Building permits - July

“You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.”

― Peter LynchSourced in:
“One Up On Wall Street”, by Peter Lynch, published in 1989