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POET Shares Drop 22% After $400M Funding Deal, AI Demand Concerns Linger
POET Technologies shares dropped 22% Friday after a $400 million direct offering was announced, trimming weekly gains to 46% amid investor concerns over dilution and AI demand execution.
Nu Holdings Shares Slide on Credit Concerns Despite Record Revenue
Nu Holdings shares dropped 5.7% Friday after Q1 results showed credit-loss allowances surging 33% and early delinquencies rising, overshadowing record $5 billion revenue.
Ondas Stock Retreats After Record Quarter, Backlog Surges
Ondas shares slid 5.26% to $10.62 Friday after a 26.52% jump, as Q1 revenue hit $50.1 million and backlog swelled to $457 million.
Bank of America Settles Double-Fee ATM Claims for $2.25M
Bank of America will pay $2.25 million to settle claims it charged customers double out-of-network balance-inquiry fees at 7-Eleven ATMs. Claim deadline is June 29.
Singapore Airlines Profit Plunges 57% on Air India Losses and Rising Fuel Costs
Singapore Airlines' net profit fell 57.4% to S$1.18 billion, weighed down by Air India losses and higher fuel costs. The airline warns of further margin pressure in the coming year.
AI Chip Giant Nvidia Faces Pivotal Earnings Test This Week
Nvidia shares slipped 4.4% on Friday, though the stock still posted a 4.7% weekly gain. Investors now await the company's quarterly results on Wednesday, which will serve as a major test for the AI-led market surge.
Anthropic's $900B Valuation Pressures OpenAI's IPO Ambitions
Anthropic's $900 billion valuation tops OpenAI's $852 billion, challenging its IPO push. SoftBank gains $45 billion from OpenAI stake.
AI IPO Momentum Puts Spotlight on Databricks' $134B Valuation
Databricks, valued at $134 billion privately, draws focus as AI IPOs heat up. The company raised $7 billion and reported a $5.4B annualized revenue run-rate.
Stripe Private Valuation Hits $175.6B, IPO Still on Hold
Forge values Stripe at $175.62 billion, up from $159 billion in February. The fintech remains private with no IPO timeline, as public market peers lag.
SpaceX Eyes June Nasdaq Debut with $1.75 Trillion Valuation, BlackRock in Talks
SpaceX is moving toward a potential June IPO on Nasdaq, targeting a $1.75 trillion valuation. Shareholders approved a 5-for-1 stock split, and BlackRock is in talks for a major investment.
Hanmi Financial Stock Declines as Dividend Date Approaches and Regional Banks Retreat
Hanmi Financial shares declined 4.2% last week, more than the broader regional bank index, as rising bond yields and inflation worries pressured the sector. The company's $0.28 dividend is set for payment on May 20.