Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it is implementing Palantir Foundry to support the expansion of its autonomous maritime systems and services.
The platform will be used to provide greater visibility across Ocean Power Technologies’ operations, including manufacturing, supply chain management, deployment, fleet operations, maintenance and customer support.
Broadcom Inc (NASDAQ:AVGO, XETRA:1YD) shares fell 3.3% Thursday afternoon despite the company issuing a bullish long-term forecast for its artificial intelligence business, projecting AI revenue of $230 billion in fiscal 2028.
The company also raised its fiscal 2027 AI revenue outlook to $115 billion, up from a prior guide of more than $100 billion, and expressed confidence in earnings per share of $30 or more for that year.
Snowflake Inc (NYSE:SNOW) shares jumped more than 20% on Thursday following a blowout second-quarter earnings report, driven by accelerating product revenue growth and surging enterprise adoption of its AI offerings.
Bank of America raised its price objective on the stock to $470 from $395, citing accelerating product revenue growth and reiterating a Buy rating.
Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, FRA:3ZX1, AIM:SEI) said Thursday that TotalEnergies has completed its acquisition of a 40% operated interest in Petroleum Exploration Licence 83 (PEL 83) in Namibia's Orange Basin, home to the Mopane discoveries, in which Sintana holds an indirect stake.
PEL 83 is now held by TotalEnergies as operator with 40%, Galp with 40%, NAMCOR with 10%, and Custos Energy (Pty) Ltd. with 10%.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) shares climbed more than 4% on Thursday after the company unveiled an upgraded version of its flagship AI model, which its AI chief says now matches offerings from Anthropic and OpenAI.
The new model, Muse Spark 1.3, marks Meta's "biggest jump so far on model performance," according to Alexandr Wang, the company's AI chief.
Campbell Soup Company (NYSE:CPB) reported a sharp drop in fourth-quarter profitability and slashed its quarterly dividend by 36% to $0.25 per share, as the packaged food company moves to accelerate debt reduction and shore up its balance sheet.
Adjusted earnings per share fell to $0.39 from $0.62 a year earlier, a 37% decline. Revenue came in at $2.14 billion, down 8% year-over-year, while organic sales slipped 1%.
Victoria's Secret & Co. (NYSE:VSCO) shares fell more than 12% after the retailer's third-quarter profit outlook came in below Wall Street estimates, overshadowing a second-quarter earnings beat and a raised full-year guidance.
The company reported second-quarter revenue of $1.61 billion, up 10% from a year earlier but slightly short of the $1.62 billion analysts had expected.
ChargePoint Holdings (NYSE:CHPT) shares surged 53% Thursday after the electric-vehicle charging company reported second-quarter results that beat Wall Street estimates and posted a smaller-than-expected loss.
Revenue for the quarter came in at $116.1 million, up 18% year-over-year and ahead of analyst estimates of $105 million.
Hewlett Packard Enterprise Co (NYSE:HPE, XETRA:2HP) beat analyst expectations for its fiscal third quarter and raised its full-year guidance, citing broad-based demand and record orders and backlog as the company positions itself for a surge in agentic AI spending.
Management raised its FY26 EPS guidance to $3.75-$3.85 and forecast free cash flow of at least $3.75 billion.
Bitcoin was trading at $77,121 on Thursday, having clawed back much of its summer losses in a sharp August rally.
The cryptocurrency gained roughly 24% during August alone, rising from around $62,600 at the start of the month to a peak of $80,797 on August 25.
Broadcom Inc (NASDAQ:AVGO, XETRA:1YD), the American chip designer behind custom AI processors for Google, Meta and OpenAI, delivered another quarter of results that beat Wall Street's expectations.
Yet its shares slipped 0.8% in after-hours trading, a sign that investors are growing warier of even strong AI-related earnings.
Gem Diamonds Limited (LSE:GEMD, OTC:GMDMF) shares saw a significant upward movement on Thursday following the release of its half-year results and a firm 'buy' reiteration from Panmure Liberum.
The shares traded up 70% to 11p as the broker held its 'buy' stance and 13p target price, digesting the miner's improved financial and operational footprint.
Hutchmed (China) Ltd (AIM:HCM, NASDAQ:HCM, HKG:0013, FRA:H7T2) shares jumped 17% to 210p on Thursday after the oncology specialist struck a licensing agreement with GSK worth up to US$1.295 billion for its experimental KRAS-EGFR cancer therapy.
HUTCHMED will receive US$110 million upfront and could earn a further US$1.185 billion in development, regulatory and commercial milestone payments, alongside tiered royalties on net sales.