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Lumen Stock Surges 17% on AI-Focused Strategy and Alkira Buy
Lumen Technologies closed at $10.99, up 17% for the week, following a $475 million Alkira acquisition and an upgraded free cash flow outlook. The company's AI pivot faces a test as revenue continues to decline.
DJT Stock Surges 17% in Holiday-Shortened Week, Eyes Merger Filing
Trump Media shares surged 17.1% in a holiday-shortened week, closing at $9.31. The focus turns to the proposed TAE merger and digital-asset plans.
Trump Media Stock Surges 17% in Holiday-Shortened Week
Trump Media shares jumped 17% this week to $9.31, with volume tripling ahead of a pivotal merger vote. The company reported a $405.9 million net loss on minimal revenue.
Medtronic Stock Drops 6% Ahead of Earnings Report
Medtronic shares fell 6.1% last week to $73.81 ahead of its fiscal Q4 earnings on June 3. Options imply a 4.1% move. The company recently agreed to buy SPR Therapeutics for $650 million.
ASML Hits 52-Week High Then Retreats; China Export Curbs Loom
ASML shares hit a 52-week high before closing lower on Friday, as investors weighed strong AI chip demand against renewed China export control risks.
Pentagon Contract Lifts General Dynamics Shares in Holiday Week
General Dynamics shares gained 1.1% in a shortened trading week following a $106 million Pentagon contract for its Mission Systems unit, which could expand to $294.9 million through 2031.
SLB Shares Retreat from Peak as Software Strategy Faces Market Test
SLB shares slipped 1% to $54.55, marking a third consecutive decline from a 52-week high of $58.82, as investors assess its software push against headwinds in its core drilling business.
VIX Hits Four-Month Low as Wall Street Rally Continues
The VIX closed at 15.32 on Friday, its lowest in over four months, as U.S. stocks hit new records and demand for short-term options protection fell.
Honeywell Rallies on Quantinuum IPO Buzz and Aerospace Spin-Off Plans
Honeywell shares climbed 4.4% last week as Quantinuum eyes a larger IPO and aerospace prepares for its investor day.
Ciena Shares Slide 13% on Mixed AI Network Demand Signals
Ciena shares dropped 13% following its fiscal Q2 earnings release, as AI-driven demand for optical networking hardware met a cautious market. The stock remains up over 140% year-to-date.
Accenture rallies 4.86% on AI joint venture, but 2026 losses remain steep
Accenture shares jumped 4.86% Friday to $187.07 on heavy volume after a Tokyo AI joint venture with Mitsubishi Chemical, but the stock remains down 29.27% for 2026.