Stocks to Watch: CoreWeave, Super Micro Computer, Cava, Velo3D
Dow Jones07:27
CoreWeave's revenue doubled to record levels, as the company said its sales backlog had reached $104 billion. Shares rose 15%, to $103.56, in after-hours trading on Tuesday.
Super Micro Computer reported a higher profit, as a favorable customer and product mix lifted gross margins during the fiscal fourth quarter. The stock gained 7.4%, to $33.95, after the bell.
Cava said its profit was boosted by growing customer traffic, and that its sales are recovering from the effects of cyclospora outbreaks. The stock rose 12%, to $67.91.
Velo3D lifted its full-year guidance and reported second-quarter revenue that exceeded analyst expectations. Shares were up 19%, to $16.31.
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