Nebius Hits Record High on Nvidia Praise and Major Stake
Markets Daniel Marsh

Nebius Hits Record High on Nvidia Praise and Major Stake

Nebius shares hit a record high of $264.51 after Nvidia CEO Jensen Huang called it a 'world-class AI cloud' and a major AI fund disclosed a 5.6% stake, with strong Q1 revenue and a $20-25B capex plan.

NBIS NVDA META MSFT
XRP Slumps Beneath $1.30 as Bitcoin Weakness Triggers Broader Crypto Sell-Off
Crypto Sarah Chen

XRP Slumps Beneath $1.30 as Bitcoin Weakness Triggers Broader Crypto Sell-Off

XRP dropped below $1.30 to 15-week lows as bitcoin's decline sparked broad selling. Record exchange flows and $1.67B in fund outflows were offset by $20.3M in XRP inflows.

MSTR
Arm's AI Chip Revenue Target Nears as Demand Surges Beyond Expectations
Technology Sarah Chen

Arm's AI Chip Revenue Target Nears as Demand Surges Beyond Expectations

Arm CEO Rene Haas says demand for its AI data-center CPU is outpacing forecasts, with customers like ByteDance and Oracle. Shares jumped 15.73% to an all-time high as Nvidia launched an Arm-based PC chip.

ARM NVDA INTC AMD QCOM ORCL
Sivers Rockets 65% on GlobalFoundries AI Photonics Pact
Technology Sarah Chen

Sivers Rockets 65% on GlobalFoundries AI Photonics Pact

Sivers Semiconductors shares surged 65% in Stockholm after announcing its lasers will be used in GlobalFoundries' silicon-photonics designs for AI data-center optical links.

GFS
Mueller Industries Announces 2-for-1 Stock Split After Record First Quarter
Markets Daniel Marsh

Mueller Industries Announces 2-for-1 Stock Split After Record First Quarter

Mueller Industries will execute a 2-for-1 stock split on July 1, 2026, after posting record first-quarter earnings. The split doubles outstanding shares to 221.1 million.

MLI
CoreWeave Gains Early Access to Nvidia's Vera Rubin, Debt Concerns Loom
Technology Sarah Chen

CoreWeave Gains Early Access to Nvidia's Vera Rubin, Debt Concerns Loom

CoreWeave shares surged 13.96% after announcing the first validated deployment of Nvidia's Vera Rubin NVL72 system. Despite strong revenue and backlog growth, the company faces mounting debt and a widening net loss.

NVDA CRWV
TSMC Hits Record High on AI Demand, Valuation Concerns Persist
Technology Sarah Chen

TSMC Hits Record High on AI Demand, Valuation Concerns Persist

TSMC hit a record high in Taipei, fueled by AI enthusiasm and Nvidia ties, but valuation models suggest the stock is significantly overvalued.

TSM NVDA
Credo Technology Stock Tumbles on Margin Concerns Despite Strong Earnings
Earnings James Calloway

Credo Technology Stock Tumbles on Margin Concerns Despite Strong Earnings

Credo Technology Group shares plunged 11.7% after hours despite beating Q4 estimates, as investors reacted to margin guidance and high expectations.

CRDO MRVL AVGO NVDA
Futures Dip as HPE Surge Highlights AI Demand; Alphabet Equity Raise Weighs
Markets Daniel Marsh

Futures Dip as HPE Surge Highlights AI Demand; Alphabet Equity Raise Weighs

U.S. stock futures edged lower Tuesday, with HPE surging nearly 29% on AI server demand, while Alphabet dropped 2% after an $80 billion equity raise. JOLTS job openings data due later.

HPE GOOGL NVDA DELL SMCI MSFT QCOM INTC BRK.B
Archer Aviation Stock Sinks as Certification Hopes Yield to Cash Burn Fears
Markets Daniel Marsh

Archer Aviation Stock Sinks as Certification Hopes Yield to Cash Burn Fears

Archer Aviation trades at $6.84 as focus shifts to 2026 air-taxi tests. Q1 losses widen, cash burn persists, but FAA certification advances to Phase 4.

ACHR JOBY EVTL
NIO Surges on May Deliveries; June Sales Key to Q2 Target
Markets Daniel Marsh

NIO Surges on May Deliveries; June Sales Key to Q2 Target

NIO shares climbed in pre-market trading after May deliveries surged 62.3% to 37,705 vehicles. The company needs 42,939-47,939 June deliveries to meet its Q2 target.

NIO XPEV LI
ServiceNow Retreats in Premarket After AI-Driven Rally
Markets Daniel Marsh

ServiceNow Retreats in Premarket After AI-Driven Rally

ServiceNow shares fell 2.17% in premarket trading Tuesday after a 9.24% surge Monday fueled by Nvidia's AI chip launch. The company reported strong Q1 results but faces margin headwinds from acquisitions and delayed Middle East contracts.

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