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Enbridge Shares Hit New High Despite Line 5 Permit Hurdle
Enbridge shares climbed to a 52-week high on Tuesday, advancing 2.76% to C$78.25, as investors focused on reaffirmed 2026 guidance and overlooked a partial construction halt on the Line 5 pipeline in Wisconsin.
Amazon Shares Slip as $200B AI Spending Spree Raises Investor Concerns
Amazon shares fell 2.3% on Tuesday as heavy AI spending weighs on free cash flow, despite AWS revenue surging 28% to $37.6 billion. Analysts remain positive but caution on capital expenditure.
Astera Labs Soars on AI Demand, Wall Street Bullish on Connectivity
Astera Labs shares jumped 15.2% to $248.36 after Evercore ISI boosted its price target and management cited rising AI data-center demand. Revenue surged to $308 million last quarter.
Recursion Pharmaceuticals Hits New Low Amid Revenue Drop and FDA Watch
Recursion Pharmaceuticals shares fell to a 52-week low Tuesday after Q1 revenue dropped 56% year-over-year. The AI-driven biotech firm awaits FDA feedback on key trials.
Yield Surge Reshapes Stock Picks: Nvidia, Dell, ServiceNow, Home Depot in Focus
U.S. stocks declined Tuesday as the 10-year Treasury yield reached its highest since January 2025, pressuring growth shares. Selective buying focused on Nvidia, Dell, ServiceNow, and Home Depot.
AI Chip Stocks Split as Nvidia Earnings Loom; CoreWeave Drops on Google-Blackstone Cloud Deal
Nvidia rose 0.8% ahead of its earnings report, while CoreWeave dropped 3.7% after Google and Blackstone announced a $5 billion U.S. AI cloud venture using Google's custom TPUs.
Celestica Shares Slip as AI Hardware Rally Falters
Celestica shares dropped 5% in Toronto as the TSX reopened, mirroring declines in New York, as AI hardware stocks faced a sell-off.
CMB.Tech Soars 12% on Q1 Profit Surge, Plans $0.64 Payout
CMB.Tech shares surged 12.15% to €14.58 in Brussels after reporting Q1 profit of $368.8 million and announcing a $0.64 per share payout.
Chewy Shares Tumble 7.8% After CEO Warns of Consumer Stress
Chewy shares dropped 7.8% after CEO Sumit Singh warned of consumer spending pressure. The pet retailer reports Q1 earnings on June 10.
Kroger Stock Climbs as CEO Focuses on Price Strategy
Kroger shares gained 3.8% in midday trading Tuesday, outpacing Walmart and Costco, as investors focus on new CEO Greg Foran's pricing strategy.
Hut 8 Stock Slips 5.5% Following $16M Water Infrastructure Investment for AI Data Center
Hut 8 shares dropped 5.5% as the company invested $16 million in water infrastructure for its River Bend AI data center, highlighting the focus on project execution.