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Futu Holdings Faces $271M Proposed Fine in China
China's securities regulator proposed a 1.85 billion yuan ($271 million) penalty against Futu Holdings for alleged unlicensed brokerage in mainland China, sending shares down 27.5%.
Quantum Computing Stock Surges Amid Sector Rally, Despite Missing Federal Grant List
Quantum Computing Inc. (QUBT) shares jumped 7.89% to $12.31 on Friday, lifted by a sector-wide rally following the U.S. Commerce Department's $2.013 billion quantum funding announcement, though QUBT was not named among the award recipients.
Plug Power Ends Flat After Volatile Week; Barrow Hydrogen Project Reaches FID
Plug Power shares ended the week unchanged at $3.78 following a volatile trading period. The Barrow Green Hydrogen project reached final investment decision, but cash burn and margins remain key investor concerns.
Intel Stock Surges 10% Ahead of Memorial Day Break Amid AI Optimism
Intel shares jumped 10% last week, closing at $119.84, fueled by strong Xeon CPU demand and bullish revenue forecasts, though the foundry unit posted a $2.44B loss.
Archer Aviation Holds Pre-Holiday Gains as FAA Progress and Insider Sales Draw Attention
Archer Aviation shares climbed 3.92% to $6.36 on Friday, posting a 5.1% weekly gain. Markets are closed Monday for Memorial Day, with the next session on Tuesday.
NIO Shares Tumble 15% as ES9 Launch Looms
NIO shares dropped 7% Friday, capping a 15% weekly decline as investors await the ES9 SUV launch. First-quarter margins improved, but delivery declines and rising competition weighed on sentiment.
Infleqtion Shares Jump After $100M Quantum Funding Signal
Infleqtion shares rose 11.2% Friday after the U.S. Commerce Department signaled $100 million in quantum-computing incentives. The stock is up 31% since mid-May.
American Airlines Surges on Fuel Cost Relief Hopes
American Airlines shares jumped 12.5% in three sessions, closing at $13.85, as broader market optimism and potential fuel-cost easing lifted the stock ahead of Memorial Day.
Ford Stock Surges on Energy Storage Deal Ahead of Holiday Break
Ford shares surged 9.22% on Friday after the company announced a major battery storage agreement with EDF, pushing the stock to its highest close in nearly three years.
Nokia Stock Hits 52-Week High as AI Data-Center Demand Drives Rally
Nokia shares reached a 52-week high in Helsinki, driven by AI data-center demand and strong Q1 earnings. The stock's rally faces risks from competition and market uncertainties.
D-Wave Quantum Shares Surge 44.5% After $100 Million CHIPS Act Nod
D-Wave Quantum shares jumped 44.5% last week after the Commerce Department proposed $100 million in CHIPS Act funding. Q1 revenue fell to $2.9 million, but bookings surged nearly 2,000%.
Rigetti Computing Soars 48% on $100M Quantum Funding Deal with US Government
Rigetti Computing shares surged nearly 20% Friday to $26.42 after securing a $100 million funding letter of intent with the U.S. Commerce Department, capping a 48% weekly gain.