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Bank of America Initiates Oklo Coverage with $80 Buy Target
Oklo shares edged higher premarket after Bank of America started coverage with a Buy and $80 target, citing its Meta power deal and regulatory progress.
AI Infrastructure Stocks Diverge: Super Micro, Alphabet, and Nebius Show Varied Prospects
AI infrastructure stocks are diverging as Super Micro Computer (SMCI) outperforms Nebius (NBIS) in near-term appeal, while Alphabet (GOOGL) is seen as a safer long-term bet. Teradyne (TER) and Cisco (CSCO) also benefit from AI-driven demand.
Nvidia and IREN's $3.4B Deal Highlights AI Infrastructure Bottleneck
Nvidia and IREN Ltd. announced a $3.4 billion GPU cloud deal and up to 5 GW of AI infrastructure, but IREN's co-founder warns new data centers may not go live until 2030 due to power and land constraints.
Taiwan Market Surpasses India as TSMC Drives AI-Fueled Rally
Taiwan's market value hit $4.95 trillion, overtaking India, as TSMC surged 49% on AI chip demand. India fell amid rising oil prices.
Brent Crude Surges Past $99 on Renewed Iran Tensions
Brent crude rose 3.6% to $99.64 on renewed US-Iran tensions, while WTI fell 3.7% to $93.09. The Strait of Hormuz remains partially closed, keeping supply risks elevated.
SanDisk's AI Surge Faces Scrutiny as Investors Eye Sustainability
SanDisk shares fell 4.1% premarket as investors assess the sustainability of its AI-driven rally, despite a 97% Q3 revenue jump and $41.6B in performance obligations.
Quantum Stocks Rally as Washington Unveils $2 Billion Funding Plan
IonQ shares gained 2.8% premarket Tuesday after the Memorial Day break, even as the company was left out of $2 billion in new U.S. quantum funding. IBM secured $1 billion, while D-Wave and Rigetti each received $100 million.
NIO's Post-Holiday Trading Begins with ES9 Launch and Profit Goals in Focus
NIO's U.S.-listed shares fell 7.1% ahead of Memorial Day. The company launches its ES9 electric SUV in China on Wednesday, targeting Q2 deliveries of 110,000-115,000 units.
D-Wave Advances Toward $100M Federal Deal Amid Quantum Sector Rally
D-Wave Quantum Inc. trades at $29.28 premarket, down 0.4%, after a 44.5% rally last week on news of a proposed $100 million CHIPS Act funding deal. Q1 revenue fell 81% to $2.9 million, while bookings soared to $33.4 million.
Rigetti Receives $100M Government Quantum Computing Award, Dilution Risk Looms
Rigetti Computing shares dipped slightly after a two-day surge on news of a $100 million federal quantum computing award, though the funding comes with dilution risk via discounted stock issuance.