Sarah Chen, Technology & Crypto Editor at StockTi — Page 145

Crypto May 6

Hut 8 Shares Surge 32% on $9.8 Billion Texas AI Data Center Lease

Hut 8 (HUT) shares surged 32% after inking a $9.8 billion, 15-year lease for 352 MW of IT capacity at its Beacon Point data center in Texas, accelerating its pivot to AI.

HUT IREN CORZ NVDA AEP

Technology May 6

Super Micro surges 19% on AI server outlook despite revenue miss

Super Micro Computer shares surged 19% after forecasting stronger-than-expected Q4 revenue and profit, driven by AI server demand, though revenue missed estimates due to delays.

SMCI NVDA AMD INTC AVGO DELL HPE

Crypto May 6

Coinbase Cuts 700 Jobs, Pivots to AI as Crypto Market Weakens

Coinbase will eliminate 700 jobs, or 14% of its workforce, as it restructures around AI and responds to weak crypto markets.

COIN

Technology May 6

Netflix Shares Slide Below $88 as Hastings Insider Sale and Weak Guidance Weigh

Netflix shares fell 3.4% to $87.57 as Reed Hastings disclosed a major insider sale ahead of his board exit. Weak Q2 guidance and intensifying competition add to investor concerns.

NFLX DIS

Technology May 6

Semiconductor ETF SMH Rebounds on AI Demand, but Valuation Concerns Loom

SMH ETF rebounds as AMD's strong forecast boosts AI chip rally, but high valuations and potential demand slowdown remain risks.

SMH AMD INTC ARM QCOM MU NVDA TSM AVGO XSD

Technology May 6

Nebius Eyes Record Highs After $643M Eigen AI Deal, Q1 Earnings in Focus

Nebius shares hover near record highs after a $643M deal for Eigen AI, with Q1 earnings due May 13 set to test the stock's momentum.

NBIS

Technology May 6

Microsoft Edges Lower as $190B AI Bet Faces Scrutiny

Microsoft shares dipped 0.25% premarket Wednesday, as strong earnings were overshadowed by rising capex and competition from Google Cloud.

MSFT AMD GOOGL NVDA AMZN

Technology May 6

Amazon Nears $3T Market Cap After Logistics Expansion Rattles Rivals

Amazon stock edged up 0.35% in premarket trading Wednesday, pushing its market value near $3 trillion after a fourth straight record close.

AMZN FDX UPS

Technology May 6

AMD Surges on Strong AI-Led Revenue Forecast, Challenges Nvidia and Intel

AMD shares surged nearly 18% in premarket trading after forecasting Q2 revenue of about $11.2 billion, topping analyst estimates. Data-center sales jumped 57% in Q1, driving a 38% revenue increase.

AMD INTC ARM QCOM NVDA TSM

Technology May 6

Anthropic Unveils AI Agent Templates for Financial Sector Automation

Anthropic released 10 prebuilt AI agent templates for banks and insurers, automating pitchbooks, KYC, and accounting. FIS partners on AML agents; BMO and Amalgamated Bank pilot.

BMO FIS GS