The Latest Breaking News from Nasdaq

Graphics chip maker Nvidia Corp’s (NASDAQ: NVIDIA) data center unit’s quarterly revenue surpassed that of its gaming business for the first time in seven quarters, the company filings showed on Wednesday.

Although the Nasdaq Composite gained 1.5% on Wednesday, there were a few notable insider trades.

Billionaire Li Shufu-backed car technology company Ecarx Holdings Inc looks to go public via a special purpose acquisition company (SPAC) merger with Cova Acquisition Corp (NASDAQ:COVA). Ecarx, founded in 2017 by Geely Automobile Holdings Ltd's (OTC:GELYY) Shufu and Ziyu Shen, develops software and hardware like digital cockpit and infotainment systems for cars, Bloomberg reports. Ecarx serves both combustion-powered vehicles…

Britain's competition regulator launched its second probe into the advertising practices of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google for allegedly distorting competition and illegally favoring its services, Reuters reports. The Competition and Markets Authority examined three critical parts of the ad tech stack chain, services that mediate ad tech since Google owned the largest…

Based on the review of approximately 460 patients, Data Safety and Monitoring Board (DSMB) determined that the evaluation of NRx Pharmaceuticals Inc's (NASDAQ:NRXP) Zyesami (aviptadil) should cease due to futility. Aviptadil was the sole remaining investigational medicine in ACTIV-3b targeted at critical-ill COVID-19 patients. ACTIV-3b study evaluated Zyesami and Gilead Sciences Inc's (NASDAQ:GILD) Veklury (remdesivir)…

UBS cut The Kraft Heinz Company (NASDAQ: KHC) price target from $40 to $34. Kraft Heinz shares fell 3.1% to $38.66 in pre-market trading.

Apple, Inc. (NASDAQ: AAPL) has reportedly followed up on its February pay increases for its store employees with another.

Tilray Brands, Inc. (NASDAQ: TLRY) (TSX: TLRY) announced the launch of POLLEN, a CBD lifestyle brand with a new approach to wellness, on Amazon UK.

  Hamilton Lane (NASDAQ:HLNE) reported its Q4 earnings results on Thursday, May 26, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

  Titan Machinery (NASDAQ:TITN) reported its Q1 earnings results on Thursday, May 26, 2022 at 06:45 AM. Here's what investors need to know about the announcement.

Morgan Stanley analyst Kimberly Greenberger upgraded Lululemon Athletica Inc (NASDAQ:LULU) to Overweight from Equal Weight. The analyst reduced the price target from $339 to $303, implying a 16.24% upside. Though Lululemon is trading at a discount versus history, the analyst opined that risks seem priced in, and the business could prove more resilient. The analyst…