Shares of Swedish telecommunications giant Ericsson AB $ERIC experienced a significant increase after the release of quarterly results that exceeded analysts' expectations. This prompted investors to reassess their forecasts and make purchasing decisions, markedly impacting the stock's performance.
Nvidia's $NVDA latest report for the first quarter showcased significant growth, underscoring the strong demand for artificial intelligence (AI) chips. The data released on Wednesday indicates "impressive" orders for the company's new Blackwell semiconductors. This forecast helps dispel concerns about a slowdown in spending on Nvidia's equipment, which arose following a Chinese startup DeepSeek's claim that it has developed AI models that rival Western counterparts at a fraction of the cost.
Recently, shares of Franklin Resources, Inc. $BEN experienced a significant surge, rising by 11% following the release of their first-quarter earnings report. This positive momentum in stock value was driven by the company's unexpectedly strong financial performance. Franklin Resources reported an adjusted earnings per share (EPS) of $0.59, surpassing the more modest analyst expectations of $0.56. Additionally, the company's total revenue reached an impressive $2.25 billion, significantly exceeding the consensus estimate of $1.71 billion provided by financial analysts.
