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Skyworks Surges 12% on Qorvo Debt Swap Step in $22B Merger
Skyworks Solutions shares surged 12% after launching debt exchange offers for its planned $22 billion merger with Qorvo. Qorvo rose 9%. The PHLX Semiconductor Index gained 2%.
RYOJ Stock Surges 149% on Heavy Volume Amid No New Company News
rYojbaba shares jumped 148.8% on Nasdaq Friday with massive volume, despite no new operating news and a 19% revenue decline. A law firm is investigating potential securities claims.
Joby Aviation Rises 5% as Air-Taxi Milestone Nears
Joby Aviation (JOBY) shares closed up 5% at $10.92 on Friday, driven by optimism around its air-taxi timeline and regulatory progress.
Meta's Forum App Launch Pressures Reddit Stock
Reddit shares fell 5.6% on Friday as Meta launched Forum, a new AI-assisted discussion app. The drop came despite strong Q1 results with revenue up 69%.
Medline's $2.7B Secondary Offering Tests Post-IPO Demand
Medline's $2.68 billion secondary offering, upsized from 60 million shares, prices at $37 each, with the stock holding near that level.
Sidus Space Soars 24% on Revenue Growth, Dilution Concerns Loom
Sidus Space shares jumped 24.2% to $5.13 on Friday, driven by a strong Q1 update showing revenue growth and a narrower net loss. However, the company remains unprofitable and faces cash burn risks.
Credo Soars on AI Infrastructure Deal, Semiconductor Rally
Credo shares surged 13% Friday after its active electrical cables were selected for Rebellions' AI cluster, riding a broader semiconductor rally ahead of June 1 earnings.
Dow Hits New Record as Wall Street Eyes Inflation Data and Earnings
The Dow Jones Industrial Average surged to a new record close of 50,714.31 on Friday, led by gains in semiconductor and PC stocks, as optimism over U.S.-Iran talks and strong earnings buoyed markets.
Hyliion Surges on Navy Interest in KARNO Generator Technology
Hyliion shares surged nearly 40% after a U.S. Navy trial update on its KARNO generator platform, with commercialization of the 200-kW module expected late this year.
Millrose Properties in Spotlight as Dream Finders Presses Beazer Bid
Millrose Properties shares rose to $27.65 after Dream Finders Homes renewed its $25.75/share cash bid for Beazer Homes, with Millrose offering up to $500M in land-banking capital.