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Intel Edges Higher Premarket Despite Downgrade as CEO Heads to Taiwan for TSMC Talks
Intel shares rose 1.1% premarket Wednesday after a 3.1% gain Tuesday, but Northland downgraded the stock to Market Perform, saying the price is ahead of 2027 forecasts. CEO Lip-Bu Tan is traveling to Taiwan for TSMC meetings ahead of COMPUTEX.
Redwire Surges on SpaceX IPO Hype, But Losses Loom
Redwire shares surged 26% on Tuesday, riding the wave of SpaceX IPO anticipation and Starship test success. Despite strong revenue growth and a record backlog, ongoing losses and potential share dilution temper the rally.
Berkshire's First Filing Under Greg Abel Reveals Major Portfolio Reshuffling
Berkshire Hathaway's first 13F filing under CEO Greg Abel reveals a substantial increase in Alphabet holdings, a new Delta Air Lines stake, and exits from several major names.
Braiin Shares Retreat After 74% Surge on Switchcraft Utility Deal
Braiin Limited shares dropped 19.9% to $10.00 in pre-market trading Wednesday after soaring 74.2% Tuesday on news of a UK utility-switching deal with Switchcraft, with traders citing little evidence of immediate revenue.
Soligenix Surges on Ebola Vaccine Hopes Amid Congo Outbreak
Soligenix stock surged 94.6% in pre-market trading after tying its ThermoVax technology to the Bundibugyo Ebola outbreak in Congo and Uganda.
X-FAB Shares Surge 76% on Social Media Buzz, Defying Fundamentals
X-FAB shares skyrocketed up to 76% on May 27 after a viral X post triggered heavy retail buying, despite no company news. Q1 revenue fell 4% YoY, but photonics and wide-bandgap chip revenue surged.
Micron Joins $1 Trillion Club as AI Memory Demand Surges
Micron Technology crossed $1 trillion in market value Tuesday, closing at a record $895.88 after UBS raised its price target to $1,625. Shares rose 5.8% premarket Wednesday as demand for AI-related memory chips surged.
Zscaler Shares Plunge 21% on Disappointing Q4 Revenue Forecast
Zscaler shares tumbled 21% in premarket trading after the company's fourth-quarter revenue forecast fell short of Wall Street expectations, overshadowing a better-than-expected third quarter.
Plug Power Stock Steadies as UK Hydrogen Project Advances
Plug Power shares closed Tuesday up 1.59% at $3.84. The company's Barrow Green Hydrogen project in the UK has reached final investment decision, but profitability remains elusive with a Q1 net loss of $246 million.
Rocket Lab Advances Missile-Warning Satellite Program; SpaceX IPO Speculation Lifts Space Stocks
Rocket Lab passes a system requirements review for its $816 million missile-warning satellite program, securing its schedule. The company also won a $90 million Space Force contract and reported strong Q1 revenue growth.
Nokia Stock Soars to New Highs on AI Cloud Demand
Nokia shares hit a 52-week high as AI and cloud sales surge 49%, driving a 54% jump in Q1 operating profit. The stock is now trading above most analyst targets.