Why did Equinix shares rally?

Equinix shares rallied about 8% in premarket trading due to its 2026 revenue guidance beating analyst estimates, with analysts citing increased bookings and accelerated AI demand.

What were Coinbase's recent financial results?

Coinbase reported revenue that fell short of expectations, with quarterly results weakening relative to the third quarter due to market conditions. The company reported a loss of $2.49 a share and revenue down almost 22% to $1.78 billion.

What is driving Applied Materials' stock surge?

Applied Materials surged after delivering an upbeat sales forecast, signaling that demand for artificial intelligence and memory semiconductors is fueling equipment purchases, with CEO Gary Dickerson highlighting acceleration in AI computing investments.

Home / Business and Economy / AI Boom Fuels Semiconductor Stock Surge

AI Boom Fuels Semiconductor Stock Surge

13 Feb

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Summary

Equinix shares climbed on strong 2026 revenue guidance driven by AI demand.
Coinbase reported lower revenue and a loss due to market conditions.
Applied Materials saw a surge on upbeat sales forecasts for AI chips.

Equinix experienced a significant premarket rally of approximately 8% on Thursday. This surge followed the data center operator's release of 2026 revenue guidance that surpassed average analyst expectations. Analysts pointed to increased bookings and a forecast boost from escalating AI demand as key drivers.

In contrast, Coinbase's revenue fell short of market expectations, leading to a reported loss of $2.49 per share. The crypto exchange operator noted that market conditions weakened its quarterly results compared to the prior quarter, with revenue declining by almost 22% to $1.78 billion.

Applied Materials saw a substantial late-day surge of 10%. This positive movement was attributed to a surprisingly upbeat sales forecast, indicating that strong demand for artificial intelligence and memory semiconductors is driving equipment purchases. The company anticipates approximately $7.65 billion in revenue for the fiscal second quarter.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.