Reddit soars on massive Q3 earnings beat, better than expected Q4 guidance

Shares of ultra-budget airline Frontier are down more than 10% on Tuesday morning following the carrier’s announcement that it would replace its longtime CEO, Barry Biffle. Frontier President James Dempsey will fill in as interim CEO.

Biffle, who has been Frontier’s CEO since early 2016, will remain at the airline in an “advisory capacity” until December 31. The move is “not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices,” per a company filing.

Under Biffle, Frontier attempted to acquire rival Spirit twice since 2022 — both unsuccessful. Last week, the carrier’s shares dropped after Spirit’s pilots ratified a lower-paying contract in an effort to keep it afloat through its latest bankruptcy.

Biffle was a staunch defender of the ultra-budget model, which has been falling out of fashion in the US market in recent years. He’s regularly feuded with United Airlines CEO Scott Kirby over comments about budget airlines.

Oklo said the Department of Energy’s Idaho office approved a safety plan for its proposed nuclear fuel production plant at the Idaho National Laboratory, a center of nuclear research and testing in the US.

The zero-revenue designer of smaller nuclear power plants was the first company to receive approval under the Department of Energy’s new Fuel Line Pilot Program, established by executive order from President Trump in May. The program is designed to speed up the approval process for domestic production of nuclear fuel, helping to reduce reliance on foreign sources of raw materials needed for nuclear power. The approval is “effectively granting permission to start facility assembly,” Oklo said in a statement.

Prior to the new fuel line program, the Department of Energy didn’t typically regulate the plans for private sector production of nuclear fuel, which was left to the Nuclear Regulatory Council, an independent regulator with a mandate to protect public health and safety.

Government approvals have been an important source of credibility for Oklo, whose shares have soared this year by almost 300% despite having no profits or sales.

The stock was recently down 1.7%.

Those approvals have drawn scrutiny, however, to the close connections between the company and the Trump administration, including the fact that the current secretary of energy, Chris Wright, served on the board of Oklo until he took office in February.

It’s been a rocky stretch for the AI trade as of late — but not so bad that surprisingly strong results can’t send a smaller company levered to the theme to the moon.

Shares of Rezolve Ai are surging, up more than 20% in early trading after a boost to its 2025 guidance.

Management said that December would be a record month for sales, which are poised to exceed $17 million, and that the company is on track to exit 2025 with annual recurring revenues of $200 million. That’s 33% above its previous guidance for a year-end exit rate of $150 million issued at the start of October. The company also reaffirmed its 2026 guidance that it would exit next year with $500 million in ARR.

Rezolve Ai specializes in agentic commerce tools and boasts partnerships with Microsoft and Google.

Reading in between the lines, management also clearly thinks its stock price should be higher based on this operational performance. Per the press release:

“Rezolve Ai currently has a market capitalization of under $1 billion. While the Company does not comment on valuation, management believes that the scale of its recurring revenue base, improving operating leverage, and visibility into future growth provide investors with a clearer framework for evaluating the Company’s long-term trajectory.”

This bullishness is also present in the options market, where over 23,000 calls have traded a little more than half an hour into the session versus a 20-day average of 6,373.