US Stock Market Move | Q2 profits sharply decline, Chewy (CHWY.US) plunges over 14%
On Wednesday, Chewy (CHWY.US) plunged more than 14% to $35.78.
On Wednesday, Chewy (CHWY.US) plummeted over 14% to $35.78. In terms of news, the American pet e-commerce Chewy achieved a year-on-year net sales growth of 8.6% in the second quarter, reaching $3.104 billion, slightly higher than the expected $3.08 billion; net profit was $62 million, significantly lower than $299.1 million in the same period last year; diluted EPS was 14 cents.
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US Stock Market Move | GameStop Corp. Class A (GME.US) rose by over 5% in Q2 with adjusted net profit of $138 million.

US Stock Market Move | In the field of artificial intelligence, many individual stocks have hit record highs. Oracle Corporation (ORCL.US) is up nearly 43%.

US Stock Market Move | Core Scientific (CORZ.US) rose by over 9%, with a total market value exceeding $4.8 billion.

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