Shares of fresh produce company Calavo Growers (NASDAQ:CVGW)
fell 17.3% in the afternoon session after the company reported weak first-quarter 2025 (fiscal Q2) results, which fell short of Wall Street's estimates across all key metrics, including sales, operating profit, and earnings per share.
Shares of packaged foods company J.M Smucker (NYSE:SJM)
fell 14.3% in the afternoon session after the company reported underwhelming first-quarter 2025 results: its full-year EPS guidance missed, and its revenue fell short of Wall Street's estimates. The weak top line reflected soft demand for dog snacks, sweet baked goods, fruit spreads and lower contract manufacturing sales related to the divested pet food brands.
The two companies will collaborate with Leibniz Supercomputing Center (LRZ) to build the supercomputer, which will be powered by Nvidia’s next-generation ‘Vera Rubin’ chips.
Nebius and CoreWeave are competing for dominance in the AI infrastructure race. Nebius has a strong financial foundation while CoreWeave's growth is driven by risky investments. Nebius also has a more diversified client base and a lean path to profitability. Technically, CoreWeave shows strong momentum but is overbought, while Nebius has a stronger short-term velocity.
TSMC CEO CC Wei reaffirmed the company’s revenue guidance for 2025 last week, noting that the chip maker expects sales to grow in the mid-20s during the year.
TSM's stock gains as revenue jumps 39.6% in May, but declines 8.3% from April. Demand for 3nm and 5nm tech remains strong, but labor shortage may delay US expansion.
