Tag: demand

2024-09-27

Micron shares surge after upbeat first-quarter forecast due to AI demand for memory chips

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Business

Omar Marques | Lightrocket | Getty Images Micron Technology shares surged roughly 14% in after-hours trading after the memory maker forecast higher-than-expected first-quarter revenue due to the thirst for its memory chips used in artificial intelligence computing. Micron is one of the only three providers of high-bandwidth memory (HBM) chips along with South Korea’s SK Hynix and Samsung, which has…

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2024-09-21

FedEx quarterly profit disappoints as demand for speedy delivery wanes

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Business

Miami Beach, Florida, FedEx Express delivery van parked, driver unloading box dolly.  Jeff Greenberg | Universal Images Group | Getty Images FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options. Shares in the Memphis-based delivery giant tumbled almost…

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2024-08-07

Airbnb shares fall 14% on earnings miss, fear of slowing U.S. demand

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Business

Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York. Eugene Gologursky | Getty Images Entertainment | Getty Images Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations and warned that it’s seeing signs of slowing demand from U.S. customers. Here’s…

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