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Qualcomm Strikes AI Chip Deal with ByteDance, TikTok's Parent
Technology Sarah Chen

Qualcomm Strikes AI Chip Deal with ByteDance, TikTok's Parent

Qualcomm will supply custom AI data-center chips to ByteDance, TikTok's parent, as per reports. ByteDance plans to spend over $30 billion on AI infrastructure this year.

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Broadcom Faces Key Earnings Test with Options Pricing 7.5% Swing
Earnings James Calloway

Broadcom Faces Key Earnings Test with Options Pricing 7.5% Swing

Broadcom options signal a 7.5% swing after June 3 earnings. Investors eye AI revenue and margins as the company shifts to custom silicon.

AVGO NVDA MRVL
Dow Gains Ground as Blue-Chips Outperform; Nasdaq Edges Lower
Markets Daniel Marsh

Dow Gains Ground as Blue-Chips Outperform; Nasdaq Edges Lower

The Dow Jones Industrial Average climbed 0.5% on Wednesday, outperforming a flat S&P 500 and a 0.1% Nasdaq dip, as investors favored blue-chip stocks.

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Dow Rises as Nasdaq Pulls Back; Oil Slide Boosts Airlines
Markets Daniel Marsh

Dow Rises as Nasdaq Pulls Back; Oil Slide Boosts Airlines

U.S. stocks traded mixed Wednesday as the Dow gained and the Nasdaq dipped from record highs. Oil prices fell sharply, boosting travel stocks but weighing on energy shares.

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SanDisk’s AI-Fueled Surge Outpaces Wall Street Targets
Technology Sarah Chen

SanDisk’s AI-Fueled Surge Outpaces Wall Street Targets

SanDisk shares fell 2% to $1,557.74 even after Barclays nearly doubled its price target, as the AI-driven rally outpaces analyst expectations.

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AMSS Shares Surge on Good Twin Sales and $6.99M Convertible Deal
IPO Michael Okonkwo

AMSS Shares Surge on Good Twin Sales and $6.99M Convertible Deal

AMASS Brands shares surged following strong sales of its Good Twin organic non-alcoholic wine and a $6.99 million convertible funding deal. The stock remains volatile in its first week on Nasdaq.

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Digital Turbine Rockets 45% on Strong Revenue, AI Expansion Plans
Earnings James Calloway

Digital Turbine Rockets 45% on Strong Revenue, AI Expansion Plans

Digital Turbine shares jumped 45% after fiscal Q4 revenue beat estimates, with the company forecasting strong growth and expanding its AI partnership with Google Cloud.

APPS
PDD Holdings Tumbles on Q1 Earnings Miss, Costs Surge
Earnings James Calloway

PDD Holdings Tumbles on Q1 Earnings Miss, Costs Surge

PDD Holdings shares plunged 10.5% after first-quarter revenue and profit fell short of Wall Street forecasts, as rising costs and intense competition pressured the Temu and Pinduoduo parent.

PDD BABA JD
Lululemon Rises on Governance Pact with Founder Chip Wilson
Markets Daniel Marsh

Lululemon Rises on Governance Pact with Founder Chip Wilson

Lululemon shares rose 4.5% after settling a board dispute with founder Chip Wilson, adding two new directors ahead of a CEO transition and Q1 earnings.

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AI Memory ETF Shatters Record, Reaches $10B in 50 Days
Markets Daniel Marsh

AI Memory ETF Shatters Record, Reaches $10B in 50 Days

The Roundhill Memory ETF (DRAM) has become the fastest ETF to reach $10 billion in assets, achieving the milestone in just 50 days amid a surge in AI-related memory chip demand.

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Abercrombie & Fitch Surges on Q1 Profit Beat, Easing Turnaround Concerns
Earnings James Calloway

Abercrombie & Fitch Surges on Q1 Profit Beat, Easing Turnaround Concerns

Abercrombie & Fitch shares rose 4-5% premarket after Q1 earnings beat, with EPS of $1.47 topping estimates. Net sales grew 2% to $1.11B, and full-year guidance was reaffirmed.

ANF
Ford's Battery Storage Deal Drives Stock Rally
Markets Daniel Marsh

Ford's Battery Storage Deal Drives Stock Rally

Ford shares rose 2.6% to $15.32 on Tuesday, driven by a major battery storage deal between Ford Energy and EDF North America. The stock has surged 28% in two weeks.

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