stock surge
Coverage of stock surge in the Nexus archive.
- Wayfair posted its best U.S. sales growth since the pandemic — and the stock surged
Wayfair reported its best U.S. sales growth since the pandemic, with an 8.7% year-over-year increase. The company exceeded Wall Street's expectations for revenue and earnings, leading to a stock surge.
- Marvell looks poised to finally get a spot in the S&P 500 after explosive stock surge
Marvell is likely to be added to the S&P 500 following a significant stock surge. The S&P 500 changes are expected to be announced on Friday, with Marvell now larger than the next-largest eligible contender.
- Victoria’s Secret stock surges on embrace of sexiness, sales growth after doomed attempt to go woke
Victoria’s Secret stock rose 48% following a strong earnings report driven by sales growth and a return to its sexy brand identity. The company attributed its turnaround to abandoning a prior 'woke' strategy that had led to weak profits.
- Snowflake rockets 35% on earnings beat and plan to spend $6 billion on Amazon cloud
Snowflake's stock surged 35% after the company reported better-than-expected earnings and announced a $6 billion investment in Amazon Web Services, including the use of AWS's Arm-based Graviton chips.