Oppenheimer said it spoke directly with Kyndryl management and found no "smoking gun" in the short report's allegations.
The FDA said an inspection is required at a facility where the company performed release testing for the product to ensure it complies with Current Good Manufacturing Practices.
According to a report by The Times, which cited filings with the U.K.’s Financial Conduct Authority, Elliott’s position against Shell is the biggest short position disclosed against the oil major in nearly a decade.
According to the company, the initial deployment of Nvidia GPUs is part of a broader effort to expand infrastructure that supports the increasing computational demands of enterprise and cloud-native applications.
Fourth-quarter loss per share came in at $0.16, lower than the $0.24 in the corresponding period of 2023, and below the consensus estimate of $0.25, according to FinChat data.
Among major altcoins, Chainlink’s token was the hardest hit, dropping over 8%, followed by Avalanche, which fell more than 7%.
The sharp decline erased half of the company’s market capitalization within hours of the U.S. market opening, making it the top trending ticker on Stocktwits.
The company reported a loss of $2.12 per share during the quarter, wider than the projected loss of $1.77.
Deutsche Bank expects the company’s first-quarter deliveries to be in the range of 340,000 to 350,000, much below the 386,810 deliveries reported in the corresponding quarter of 2024.
Gold spot prices are on track for a fourth consecutive week of gains after hitting a record high of $3,086.04 on Friday morning.
