Keel Infrastructure Hits 52-Week High Following AI Data Center Pivot
Technology Sarah Chen

Keel Infrastructure Hits 52-Week High Following AI Data Center Pivot

Keel Infrastructure shares hit a 52-week high of $5.03 on Friday after the company rebranded from Bitfarms and shifted focus to AI data-center infrastructure.

IREN
Opendoor Shares Steady as Mortgage Rate Climb Pressures Housing Market
Markets Daniel Marsh

Opendoor Shares Steady as Mortgage Rate Climb Pressures Housing Market

Opendoor shares traded flat near $4.55 as rising mortgage rates and a drop in housing starts offset recent gains. The company reported improved gross margins but a wider net loss in Q1.

OPEN Z OPAD
Nu Holdings Stock Dips as Credit Concerns Overshadow Record Profit
Earnings James Calloway

Nu Holdings Stock Dips as Credit Concerns Overshadow Record Profit

Nu Holdings shares fell 2.3% on Friday as analysts highlighted rising credit costs, overshadowing a record Q1 profit. The stock now trades 33% below its 52-week high.

NU
HPE Stock Surges as AI Demand Drives Hardware Rally Ahead of Earnings
Technology Sarah Chen

HPE Stock Surges as AI Demand Drives Hardware Rally Ahead of Earnings

HPE shares surged nearly 10% on Friday, leading a rally in hardware and networking stocks as analysts cite strong AI demand ahead of the company's June 1 earnings call.

HPE DELL HPQ SMCI
SpaceX IPO Buzz Lifts Virgin Galactic and Space Stocks
IPO Michael Okonkwo

SpaceX IPO Buzz Lifts Virgin Galactic and Space Stocks

Virgin Galactic shares jumped 18% on Friday as speculation about a SpaceX IPO boosted space stocks, despite the company's ongoing cash burn and financing risks.

SPCE ASTS RKLB
Family Dollar Shutters Over 350 Stores, Testing Private-Equity Turnaround
Markets Daniel Marsh

Family Dollar Shutters Over 350 Stores, Testing Private-Equity Turnaround

Family Dollar closed at least 350 stores in 10 months, hitting Southern and Appalachian areas hard. New private-equity owners face a test of their turnaround strategy.

DLTR DG WMT
Uber Eyes Full Takeover of Delivery Hero, Intensifying Food Delivery Rivalry
Markets Daniel Marsh

Uber Eyes Full Takeover of Delivery Hero, Intensifying Food Delivery Rivalry

Uber is exploring a full takeover of Delivery Hero after raising its stake to 19.5%, Bloomberg reports. A further increase to 30% would trigger a mandatory offer.

UBER
BJ's Wholesale Club Shares Slide 8% Despite Earnings Beat on Weak Core Sales
Earnings James Calloway

BJ's Wholesale Club Shares Slide 8% Despite Earnings Beat on Weak Core Sales

BJ's Wholesale Club shares dropped over 8% Friday as investors focused on weak in-club sales growth of just 1.5%, missing forecasts, despite an earnings beat.

BJ
Firefly Surges as SpaceX IPO Hype Boosts Space Sector
IPO Michael Okonkwo

Firefly Surges as SpaceX IPO Hype Boosts Space Sector

Firefly Aerospace shares surged 12% on Friday, buoyed by SpaceX IPO speculation and a broader rally in space stocks, trading above its $45 IPO price.

FLY SPCE RKLB ASTS
Tesla Stock Rises on SpaceX IPO Buzz and Intercompany Dealings
IPO Michael Okonkwo

Tesla Stock Rises on SpaceX IPO Buzz and Intercompany Dealings

Tesla shares rose 2.38% to $427.79 Friday, driven by SpaceX IPO disclosures showing $650M in intercompany deals, a Model Y recall, and a broader Wall Street rally.

TSLA
BlackBerry Soars 16% on QNX Strength and FedRAMP Recertification
Technology Sarah Chen

BlackBerry Soars 16% on QNX Strength and FedRAMP Recertification

BlackBerry Ltd. shares jumped more than 16% Friday, hitting 52-week highs, driven by FedRAMP recertification and ongoing QNX business strength.

BB
AMD Surges on CEO's AI Demand Comments, $10B Taiwan Investment
Technology Sarah Chen

AMD Surges on CEO's AI Demand Comments, $10B Taiwan Investment

AMD shares jumped 4.9% on Friday after CEO Lisa Su said global CPU demand is tight due to AI, with over $10 billion in Taiwan investments and 2nm EPYC chip ramp.

AMD NVDA INTC AMKR TSM