As Intel (INTC) continued to hover around the $95-$100 level, investors are tracking its business developments closely.
Iten hired a Qualcomm (QCOM) executive to lead its PC and physical AI businesses. Alex Katouzian, a VP at Qualcomm, will take the position. The PC unit is known as client computing. The AI unit comprises applications for advanced computing in robotics and related fields.
Mobile language tutorial firm Duolingo (DUOL) crumbled by 13.5% in after-hours trade. The company posted Q1 GAAP earnings of $0.89 a share. Revenue grew by 26.5% Y/Y to $292 million. Daily active users increased by 21% Y/Y to 56.5 million. It benefited from the “Dead Duo” campaign. Furthermore, bookings increased by 14% ($308.5 million).
DUOL stock still trades at a premium valuation of 38.7 times forward earnings (P/E). Once the stock settles in the $80s and low $90s, patient investors might consider starting a position. Be warned that bears hold a 19.38% short interest against the stock.
Paramount Skydance (PSKY) reported revenue growing by 2.2% Y/Y to $7.35 billion. Non-GAAP EPS of $0.23 benefited from cost cuts related to job reductions.
Military software firm Palantir is on watch today after raising its annual revenue forecast. The company attributed the hike to robust U.S. government demand. In the first quarter, Palantir posted an 84.4% Y/Y increase in revenue, to $1.63 billion. For Q2, it is forecasting revenue of $1.797 to $1.801 billion. Adjusted income from operations is between $1.063 - $1.067 billion.
