Chipmaker Analog Devices Beats Quarterly Targets, Returns To Growth

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Chipmaker Analog Devices Beats Quarterly Targets, Returns To Growth

Analog Devices early Thursday beat analyst estimates for its fiscal second quarter and with guidance for the current period. ADI stock rose in early trading. The chipmaker earned an adjusted $1.85 a share on sales of $2.64 billion in the quarter ended May 3. Analysts polled by FactSet had expected earnings of $1.70 a share on sales of $2.51 billion.

In the year-earlier period, Analog Devices earned an adjusted $1.40 a share on sales of $2.16 billion.With its fiscal Q2 report, Analog Devices returned to growth after seven consecutive quarters of declining sales and earnings. The company is emerging from a cyclical downturn in semiconductor demand in the automotive and industrial sectors. Investors reports.

💵 The House passed Trump's 'big, beautiful bill.' Here's how it affects taxpayers and businesses: The House of Representatives Thursday approved Donald Trump's 'big, beautiful bill' and moved it a key step closer to becoming law, sending the legislation to the Senate after a harried week of last minute changes and two tense all night debates.

In the end, House Speaker Mike Johnson muscled through the over 1,000 page package of tax cuts, trims to the government's social safety net, and new Washington spending on the narrowest of votes: 215-214. Yahoo Finance reports.


🖥️ If AI eats search, Google is still all in: From a certain vantage point, Google looks like it's being bullied into accepting the ascendance of AI.

After all, why mess with a trillion-dollar ads business that acts like a pillar of the consumer internet, a foundation for knowledge seeking, and a perpetual attention machine? The answer supplied by bears is because Google and Alphabet have to Adapt or die. Yahoo Finance reports.


🛢️ Venture Global on track to become top US LNG company if CP2 project approved: Venture Global is poised to become the largest U.S. liquefied natural gas company by next year if it proceeds with its CP2 project in Louisiana and continues overproduction at its existing plants, according to LSEG data and company statements.

Only a startup three years ago, Venture Global currently has a combined capacity to produce 38.5 million metric tons per annum of LNG from its two operational plants in Louisiana, LSEG data show. Reuters reports.


🤖 Nvidia’s Jensen Huang thinks U.S. chip curbs failed — and he’s not alone: Replacing Nvidia is a tall order. While Chinese competitors are years behind the company’s cutting-edge technology, many analysts and insiders warn they are catching up, thanks to U.S. export restrictions.

U.S. chip restrictions on the sale of advanced semiconductor technology, especially those used in artificial intelligence, have been rolled out over several years, with the initial aim of curbing China’s military advancement and protecting US dominance in the AI industry. However, according to Nvidia CEO Jensen Huang, U.S. semiconductor export controls on China have been “a failure,” causing more harm to American businesses than to China. CNBC reports.


🚙 China's BYD outsells Tesla in Europe for first time, report says: Chinese automaker BYD sold more electric vehicles in Europe than Tesla for the first time, according to a report by JATO Dynamics, as an aging model lineup and CEO Elon Musk's politics hurt demand for the U.S. EV maker's cars. BYD, which also makes plug-in hybrid vehicles, registered 7,231 battery-powered electric vehicles in Europe in April, while Tesla registered 7,165 units, the market research firm said.

"This is a watershed moment for Europe's car market, particularly when you consider that Tesla has led the European BEV market for years, while BYD only officially began operations beyond Norway and the Netherlands in late 2022," JATO Dynamics' global analyst Felipe Munoz said. Yahoo Finance reports.


🛜 AT&T agrees to buy Lumen's Mass Markets fiber internet business for $5.75 billion: AT&T agreed to buy Lumen Technologies' Mass Markets fiber internet connectivity business for $5.75 billion in cash, sending shares of the Denver-based firm soaring in premarket trading Thursday. AT&T said acquiring the business would expand its high-speed fiber internet network and give it around 1 million additional fiber customers with a reach of more than 4 million fiber locations across 11 U.S. states.

"We're leading the race to connect more Americans with fiber, the best broadband connectivity technology available," AT&T CEO John Stankey said. Yahoo Finance reports.


🏦 20-year Treasury auction goes badly, yields spike as bonds sell off: A sale of 20-year U.S. government bonds saw weak demand Wednesday, pushing the Treasuries to new lows for the year as yields climbed.

The Treasury Department sold $16 billion of newly issued 20-year bonds at 1 p.m. Eastern. It’s routine for the Treasury Department to borrow to fund the government. This auction, however, saw heightened interest as investors worried that increased uncertainty about the U.S. economic policies would lead to less demand for the Treasuries. Their fears were spot on. MSN 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) $NVTS: Navitas Semiconductor
Total gain: +138.74%


2) $XAGE: Longevity Health Holdings
Total gain: +58.49%


3) $URBN: Urban Outfitters
Total gain: +18.05%


4) $KDLY: Kindly MD
Total gain: +17.52%


5) $CGC: Canopy Growth
Total gain: +17.22%

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

CPRT: Copart
3Q 2025After Market Close
Estimate: 0.420
Actual: N/A

DECK: Deckers Outdoor
4Q 2025After Market Close
Estimate: 0.610
Actual: N/A

LION: Lionsgate Studios
4Q 2025After Market Close
Estimate: 0.400
Actual: N/A

Time (ET) / Report / Period

8:30 am - Initial jobless claims - May 17
9:45 am - S&P flash U.S. services PMI - May

"Financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know."

- Morgan Housel

Sourced in: "The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness", by Morgan Housel, published in 2020

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