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Jupiter Neurosciences Shares Plunge on $100M MDMA Deal and Dilutive Offering
Jupiter Neurosciences shares fell 37% to $0.205 after announcing a $100M licensing deal for MDMA drug ALA-002 and a $2M stock offering, with trading volume exceeding 230 million shares.
Urban Outfitters Hits Record Q1, Nuuly Growth Offsets Tariff Pressure
Urban Outfitters posted record Q1 net income of $115.7M and sales of $1.48B, beating estimates. Shares rose 4% before dipping after hours, as tariff costs and inventory buildup tempered optimism.
Xanadu Shares Surge 20% as Quantum Sector Rebounds; Massive Share Overhang Persists
Xanadu Quantum Technologies shares surged 20.4% to $14.13 on Wednesday, recovering from a steep May decline as the broader quantum sector rallied. The company reported Q1 revenue of $2.83 million and a net loss of $20.6 million, with significant share overhang from a prospectus covering up to 293.7 million additional shares.
MicroAlgo Stock Rockets 40% on Quantum Algorithm News
MicroAlgo shares jumped 40% following news of a quantum image-processing algorithm, though no commercial deals or revenue forecasts were announced.
Immunovant Shares Surge on Promising Arthritis Drug Data
Immunovant shares soared 35% after its experimental rheumatoid arthritis drug, IMVT-1402, demonstrated high response rates in a difficult-to-treat patient population, prompting a re-rating by Wall Street.
FuelCell Energy Stock Jumps 16.5% on Renewed AI Data Center Optimism, Analysts Remain Cautious
FuelCell Energy shares surged 16.5% to $20.22 on renewed AI data center demand, but analysts remain cautious as the company reported a $26.1M loss and declining backlog.
e.l.f. Beauty Posts Strong Q4 but Warns on 2027 Outlook
e.l.f. Beauty beat Q4 estimates with $449.3M in sales but forecast fiscal 2027 below expectations due to potential $15-$20M oil-related costs.
Applied Digital Secures $7.5B Lease, Revenue Backlog Hits $31B
Applied Digital secures a 15-year, $7.5B lease with a hyperscaler, lifting total contracted revenue to $31B. Shares rose 8% after hours.
Nvidia Q1 Revenue Soars 85% to $81.6B, Guides $91B Q2 Amid AI Boom
Nvidia posted record Q1 revenue of $81.6 billion, up 85% YoY, and guided Q2 at $91 billion. Data Center revenue surged 92% to $75.2 billion.
RBC Shares Hit Fresh 52-Week High Ahead of Q2 Earnings Report
RBC shares hit a 52-week high of C$257.91 on Wednesday, rising 1.99% to C$257.55, ahead of its Q2 earnings release on May 28.
