Trent’s revenue grew well, but its fashion business saw slower sales in newer cities. The company plans to raise funds for expansion. Online sales growth also moderated. Operating margins have improved significantly. Trent’s stock has risen, with future performance depending on expansion execution.
AI stocks retreat as Democratic sweep puts data centre boom in focus
AI-related stocks came under pressure on Wednesday despite a broader Wall Street rally following the Democratic sweep of Congress. Data centre companies CoreWeave, Iren and