Stocks to Watch: Wolfspeed, Applied Digital, Profound Medical, Resources Connection
Dow Jones
1 hour ago
Wolfspeed got a $1.5 billion loan commitment from the Defense Department. Shares jumped 22% to $38.27 in after-hours trading Wednesday.
Applied Digital had a more than fourfold increase in revenue, driven by continued compute demand from AI hyperscalers. The stock advanced 3.7% to $24.68 after the bell.
Profound Medical said it expected third-quarter revenue to jump as much as 89% thanks to strong commercial momentum. Shares gained 23% to $6.99.
Resources Connection logged lower sales and a wider loss in the most recent quarter. The stock slid 13% to $3.27.
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