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Amazon Stock Dips Despite June Prime Day Announcement; AI Spending Weighs
Amazon shares slipped 1.81% to $256.52 after setting June 23-26 for Prime Day, as surging AI spending and mixed retail outlook tempered investor enthusiasm.
Apple Hits Record High as WWDC AI Reveal Nears
Apple shares hit a record $315.20, up 2.9%, as investors await AI news at WWDC 2026. The stock added $598 billion in May, but the rally leaves little margin for error on Siri or memory costs.
Applied Materials Hits Record High on AI-Driven Chip Demand
Applied Materials shares surged nearly 7% to a record high after CFO Brice Hill raised its 2026 growth forecast above 30%, driven by AI-related chip factory investments.
GameStop Posts Record Profit, Unveils $2B Buyback Amid eBay Pursuit
GameStop posted record Q1 net income of $389.6 million, driven by collectibles, and announced a $2 billion buyback. Shares jumped 7.4% after hours.
Ulta Beauty Shares Surge After Strong Quarter, Profit Forecast Raised
Ulta Beauty raised its full-year profit forecast after beating quarterly earnings and comparable sales estimates, sending shares up 7% in extended trading.
GitLab Surges on AI Growth Prospects and Workforce Reduction
GitLab shares jumped 7% in after-hours trading after beating sales estimates and raising its annual forecast, while announcing a 14% workforce reduction to focus on its AI-powered Duo Agent Platform.
Rocket One Surges 66% on AI Nanomagnetic Tech Appointment
Rocket One (RKTO) soared 66% to $2.22 after naming a lead technical adviser for nanomagnetic AI tech, but filings warn of no commercial product and substantial doubt about viability.
Nike Nears 52-Week Low on Turnaround Doubts Ahead of Key Earnings
Nike shares fell 4.8% to $43.73, approaching a 52-week low, amid skepticism over CEO Elliott Hill's turnaround plan ahead of the critical June 30 earnings report.
Palo Alto Networks Surges on AI Security Demand, Lifts 2026 Forecast
Palo Alto Networks shares soared 7.4% in extended trading after raising its 2026 revenue and profit guidance, driven by a 31% revenue jump to $3.0 billion and robust AI security demand.
Transocean Shares Flat as Australian Drilling Contract Signed; Valaris Merger Awaits
Transocean shares closed nearly unchanged at $6.25 after Carnarvon Energy hired a rig for 2027 drilling, but the stock's outlook hinges on backlog growth and the Valaris merger.
Swarmer Stock Surges 38% on Cramer Endorsement Amid Drone Software Hype
Swarmer shares surged 37.7% to $78.52 after Jim Cramer called the drone software company "a natural" on Mad Money, reigniting retail interest despite weak fundamentals.
Abivax Stock Tumbles 44% Despite Positive Ulcerative Colitis Trial Results
Abivax shares fell 44% as strong Phase 3 results for obefazimod in ulcerative colitis were overshadowed by malignancy cases, fueling investor worries about regulatory approval.