---
title: "Daily U.S. Stock Market News Briefing (November 7, Thursday)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/219070738.md"
description: "Qualcomm's fourth-quarter performance exceeded expectations, and the forecast for the first quarter of next year is above estimates. India's financial crime agency conducted raids on e-commerce companies such as Amazon and Flipkart. Chip manufacturers like TSMC and GlobalFoundries will receive subsidies under the U.S. CHIPS Act. XPeng's P7+ pre-sale orders hit a record high. Israel signed an agreement to purchase 25 Boeing F-15 fighter jets. Shares of Trump Media & Technology Group plummeted. Arm and Moderna's earnings reports exceeded expectations, while AMC's theater revenue declined, and Lyft's revenue grew"
datetime: "2024-11-07T13:28:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/219070738.md)
  - [en](https://longbridge.com/en/news/219070738.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/219070738.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/219070738.md) | [繁體中文](https://longbridge.com/zh-HK/news/219070738.md)


# Daily U.S. Stock Market News Briefing (November 7, Thursday)

Individual Stock News

1.  Qualcomm (QCOM.O) reported fourth-quarter earnings that exceeded expectations, and the forecast for the first quarter of next year is above estimates.
    
2.  India's financial crime agency is conducting surprise inspections at several e-commerce companies, including Amazon (AMZN.O) and Flipkart, which is owned by Walmart (WMT.N).
    
3.  Reports indicate that TSMC (TSM.N), GlobalFoundries (GFS.O), and at least one other chip manufacturer are about to receive subsidies from the U.S. government's CHIPS Act.
    
4.  XPeng (XPEV.US) has set a new historical high for pre-sale orders of the XPeng P7+, breaking the record previously set by XPeng MONA on October 31.
    
5.  Israel has signed an agreement to purchase 25 Boeing (BA.N) F-15 fighter jets.
    
6.  Profit-taking on Trump trades led to a drop of over 20% in pre-market trading for Trump Media & Technology Group (DJT.O).
    
7.  Arm (ARM.O) expects Q2 2025 revenue of $844 million, a year-on-year increase of 5%, with analysts expecting $810.9 million; adjusted earnings per share are projected at $0.30, while analysts expect $0.26.
    
8.  Moderna (MRNA.O) reported Q3 revenue of $1.9 billion, a year-on-year increase of 5.5%, exceeding market expectations of $1.3 billion; it unexpectedly recorded earnings of $0.03 per share, compared to a loss of $9.53 per share in the same period last year, while the market expected a loss of $1.94.
    
9.  AMC Theatres (AMC.N) reported Q3 revenue down 4.1% year-on-year to $1.35 billion, slightly above market expectations of $1.33 billion; it reported a loss of $0.06 per share, while the market expected a loss of $0.09.
    
10.  Lyft (LYFT.O) reported Q3 revenue of $1.52 billion, a year-on-year increase of 31.5%, exceeding market expectations of $1.44 billion; adjusted loss per share was $0.03, while the market expected a loss of $0.04

### Related Stocks

- [XPeng Inc. (XPEV.US)](https://longbridge.com/en/quote/XPEV.US.md)
- [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md)
- [GLOBALFOUNDRIES Inc. (GFS.US)](https://longbridge.com/en/quote/GFS.US.md)
- [QUALCOMM Incorporated (QCOM.US)](https://longbridge.com/en/quote/QCOM.US.md)

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