MarketCatalystBloom Energy reported third-quarter adjusted EPS of $0.94 against $0.69 expected and revenue of $1.24 billion against $1.07 billion, up 138% from a year earlier, and raised its 2026 outlook to $4.4 billion to $4.6 billion of revenue and $3.10 to $3.40 of adjusted EPS.
Broad market indices tumble on a tech sell‑off, but defensive sectors and a weak dollar offer pockets of support.
Chip equipment makers fell an average of 15.8% over five sessions, the deepest decline among sector groups on this week's list of losers, followed by optical, crypto-hosting and AI hardware stocks, as AI financing worries, Meta's spending plans and Lam Research's supply warning hit the buildout trade.
Western Digital shares fell about 6% on Thursday to $355.02, down roughly 24% over the past month, as storage stocks sold off ahead of the company's fiscal first-quarter report due after the close, with Toshiba's plan to double hard-drive capacity and a broader tech pullback weighing.
Elon Musk has reportedly invested about $1 billion in Skydance, according to Semafor, less than three weeks after the media company closed its Warner Bros. Discovery acquisition and took on roughly $80 billion of debt.
U.S. stocks fell at midday Thursday as AI-spending worries hit chipmakers and Meta, with Moderna, TTM Technologies and Carpenter Technology plunging, while Spotify, Kohl's and Biohaven jumped and defensive and housing stocks rallied.