Markets
markets
David Crowther

Celsius surges after 13% revenue beat

Celsius reported $739 million of revenue for the second quarter, blowing past analysts’ expectations for sales of $652 million — a beat of more than 13%. That figure was up 84% year on year, the bulk of which was driven by the company’s acquisition of the fast-growing Alani Nu brand on April 1, 2025.

However, organic growth in its Celsius brand was solid too, with the company reporting that the brand’s revenue “grew 9% in the second quarter compared to the same period last year supported by favorable channel mix, increases in total distribution points and velocity gains.”

Adjusted earnings per share came in at $0.47, way ahead of the Bloomberg-compiled consensus estimate of $0.219.

The company said that its market share in the US energy drink category hit 17.3%, up 180 basis points versus a year ago.

The company’s stock was as much as 20% higher in premarket trading.

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CHICAGO, ILLINOIS - DECEMBER 21: Chicago Bulls mascot Benny the Bull is dressed for Christmas as the Bulls take on the Orlando Magic at the United Center on December 21, 2018 in Chicago, Illinois.

The S&P 500 closes at a record high for the 39th time in 2025

Tasha Matsumoto4h
markets
Luke Kawa

Micron jumps amid report of memory chip price hikes

Shares of Micron are catching a bid on Wednesday after South Korean media reported that its biggest competitors are raising selling prices for a line of high-bandwidth memory chips even though these will soon no longer be the most cutting-edge offerings available.

“According to industry sources on the 24th, memory semiconductor companies such as Samsung Electronics and SK Hynix have reportedly raised HBM3E supply prices by nearly 20%,” per the report from Chosun Biz. “This is unusual, considering that prices typically drop ahead of next-generation HBM launches. The prevailing view is that this is due to upward adjustments in HBM3E orders for next year from companies like Google and Amazon, which design their own AI accelerators, as well as NVIDIA, the largest HBM3E customer.”

Micron, along with those two companies, make up the triumvirate of high-bandwidth memory chip suppliers. These companies are all moving towards ramping their next-gen HBM4 production next year.

Meanwhile, appetite for HBM3E is being reinforced in part by President Trump’s move to allow Nvidia to sell its H200 chips to China.

markets
Luke Kawa

Opendoor acquires HomeBuyer.com in bid to boost home flipping and mortgage opportunities

Opendoor Technologies has acquired mortgage services platform HomeBuyer.com, according to a post on X from Chief Growth Officer Morgan Brown. Brown did not disclose financial terms of the deal in the post.

There’s an element of an acqui-hire here too, as HomeBuyer.com founder Dan Green will serve as Director of Mortgage Growth for Opendoor.

HomeBuyer.com offers tools for potential home buyers to assess their financing options, and mortgages are a logical avenue for Opendoor to pursue as the online real estate company looks transform the home buying and selling process in the US. At the very least, streamlining the financing process for potential buyers under its own roof should help Opendoor’s quest to pursue higher volumes of homes flipping.

Shares of Opendoor are little changed in premarket trading.

Many Opendoor bulls, including EMJ Capital’s Eric Jackson, have pointed to Opendoor’s potential to bolster its presence in mortgage, title, and other housing services as part of their optimistic view on the stock. In November along with the release of Q3 earnings, CEO Kaz Nejatian announced a new partnership with Roam pertaining to assumable mortgages.

Opendoor certainly hasn’t been idle during the holiday season. Earlier this week, the CEO touted an explosion in the company’s home-buying footprint to include all of the lower 48 US states, and management also announced that Coinbase Canada CEO Lucas Matheson was coming in to serve as its president.

markets
Luke Kawa

Intel drops on report that Nvidia stopped testing the 18A chip production process used by the chip manufacturer

Early on Christmas Eve, shares of Intel are tumbling like Santa off a rooftop after one too many spiked egg nogs.

Reuters reports that Nvidia “recently tested out whether it would manufacture its chips using Intel’s production process known as 18A but stopped moving forward, two people familiar with the matter said.”

Intel, for its part, told Reuters that its 18A processes are “progressing well” while it “continues to see strong interest” for its more advanced 14A production process. Previous reporting from the outlet indicated that in CEO Lip-Bu Tan’s early days leading Intel, he considered shelving the 18A manufacturing process entirely in favor of 14A in a bid to be more competitive with the likes of TSMC.

The $4 trillion chip designer announced a $5 billion investment in the chipmaker back in September as part of a collaboration that would see the two parties co-develop data center and PC products. That news sent shares of Intel up 23% in a single session, their biggest one-day gain since 1987.

Tasha Matsumoto
12/23/25
The S&P 500 closes at a new record high on below-average volume

Shares of Big Tech climbed higher, lifting the S&P 500 and the Nasdaq 100.

CHICAGO, IL - DECEMBER 21: Chicago Bulls mascot "Benny" dunks a ball dressed as Santa Claus during a break in a game between the Bulls and the Philadelphia 76ers at the United Center on December 21, 2010 in Chicago, Illinois

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