Tesla shares dip after the stock saw its largest one-day percentage increase since March, VinFast trades higher following a slump of 44% in the previous...
Stock futures suggested a slightly higher start for Wall Street on Wednesday following the S&P 500 ‘s third-consecutive winning session and the index’s best performance since June.Tesla dipped after closing with a gain of 7.7% on Tuesday to $257.18. It was the stock’s highest price in nearly three weeks and its largest one-day percentage increase since March 21. The electric-vehicle maker is launching a $300 million AI computing cluster, according to Oppenheimer analyst Rick Schafer.
Hewlett Packard Enterprise reported better-than-expected fiscal third-quarter adjusted earnings that were driven by strong growth in the company’s networking business and increasing demand for high-performance computing and generative artificial intelligence hardware and services. The stock was down 1.7%.
Weak fiscal-year revenue guidance from Box sent shares of the cloud-based content-storage company down 9.9%. The company said it expects revenue of $1.04 billion to $1.044 billion, lower than Wall Street estimates of $1.05 billion. Box reported fiscal second-quarter adjusted earnings of 36 cents a share on revenue of $261.4 million, up 6%. Analysts had expected profit of 35 cents a share on revenue of $261 million.
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