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Five weeks after going public with a stunning 250% first-day pop, Figma is coming back down to Earth. Shares of design software company Figma plunged 14% in extended trading, as investors took a dim view of Figma’s first quarter earnings…
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The enterprise AI company names a new CEO while taking a candid look at past sales challenges but cheering its market opportunity.
The company’s AI backlog reflects more business from sovereign and enterprise customers, which carry a better profit profile than the AI “model builders.”
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Shares of American Eagle soared on Wednesday after the clothing retailer forecast same-store sales that were better than expected, and said recent promotional campaigns starring actress Sydney Sweeney and NFL player Travis Kelce had boosted fall-season demand.
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