PureCycle Soars 25% on New Jersey Recycled Content Approval
Regulation James Calloway

PureCycle Soars 25% on New Jersey Recycled Content Approval

PureCycle shares jumped 24.7% to $12.72 after New Jersey regulators approved its PureFive resin as postconsumer recycled content under state packaging law.

PCT
GTA 6 Preorder Hype Lifts Take-Two Ahead of Earnings
Markets Daniel Marsh

GTA 6 Preorder Hype Lifts Take-Two Ahead of Earnings

Take-Two shares rose 6.5% on speculation that GTA 6 preorders may begin next week. The real test comes with earnings on May 21.

TTWO EA RBLX
Mobix Labs Surges 86% on Plan to Acquire Rare Earth Firm Amid US-China Tensions
Markets Daniel Marsh

Mobix Labs Surges 86% on Plan to Acquire Rare Earth Firm Amid US-China Tensions

Mobix Labs shares jumped 86% after announcing a non-binding letter of intent to acquire Special Project Delivery LLC, a US rare earths firm, as defense sourcing rules tighten.

MOBX
Lumen Technologies Rises 14% on Debt Refinancing and AI-Focused Fiber Expansion
Markets Daniel Marsh

Lumen Technologies Rises 14% on Debt Refinancing and AI-Focused Fiber Expansion

Lumen shares jumped 14% on debt refinancing and a new AI-focused fiber route, as the company shifts from consumer telecom to enterprise infrastructure.

LUMN
TSMC Revises Global Chip Market Forecast to $1.5 Trillion, Highlighting AI-Driven Capacity Squeeze
Technology Sarah Chen

TSMC Revises Global Chip Market Forecast to $1.5 Trillion, Highlighting AI-Driven Capacity Squeeze

TSMC increased its 2030 global semiconductor market forecast to $1.5 trillion, driven by AI demand. AI and high-performance computing are expected to represent 55% of the market.

TSM NVDA AMD AVGO INTC SSNLF
MARA Holdings Rallies 5.8% After $1.5B Bitcoin Sale Fuels AI Pivot
Crypto Sarah Chen

MARA Holdings Rallies 5.8% After $1.5B Bitcoin Sale Fuels AI Pivot

MARA Holdings shares rose 5.8% after the company sold 20,880 bitcoin in Q1 to fund a $1.5 billion acquisition for AI and high-performance computing expansion.

MARA IREN RIOT
Broadcom Surges to Record High Ahead of Q2 Earnings on AI Optimism
Earnings James Calloway

Broadcom Surges to Record High Ahead of Q2 Earnings on AI Optimism

Broadcom shares hit a record high above $439 Thursday ahead of its June 3 earnings report, driven by analyst upgrades and strong AI chip demand.

AVGO
Nu Holdings Earnings: Key Test for Nubank’s Profitability
Earnings James Calloway

Nu Holdings Earnings: Key Test for Nubank’s Profitability

Nu Holdings reports Q1 earnings tonight. Analysts forecast EPS of $0.20 and revenue of $5.06 billion. NU shares rose 0.9% to $12.94 ahead of the release.

NU
SoFi Acquires PrimaryBid Tech to Boost Retail IPO Access Amid Market Revival
IPO Michael Okonkwo

SoFi Acquires PrimaryBid Tech to Boost Retail IPO Access Amid Market Revival

SoFi Technologies acquires PrimaryBid's technology to deepen retail investor access to IPOs and capital raises, capitalizing on a resurgent US IPO market.

SOFI HOOD
Plug Power Revenue Beats Estimates, But Path to Profitability Remains Steep
Earnings James Calloway

Plug Power Revenue Beats Estimates, But Path to Profitability Remains Steep

Plug Power's Q1 revenue beat estimates at $163.5 million, but a $245.3 million loss and ongoing cost-cutting efforts highlight the challenges ahead as it targets positive EBITDAS by year-end.

PLUG AMZN WMT
Musk in Beijing: Tesla's FSD Ambitions Face China Regulatory Hurdle
Regulation James Calloway

Musk in Beijing: Tesla's FSD Ambitions Face China Regulatory Hurdle

Elon Musk visits Beijing with Trump's business delegation to secure approval for Tesla's Full Self-Driving system in China. Shares closed nearly flat at $445.13.

TSLA
Snap Shares Dip on Downgrade Amid Ad Revenue Struggles
Earnings James Calloway

Snap Shares Dip on Downgrade Amid Ad Revenue Struggles

Snap shares fell 6% after a downgrade, as Q1 ad revenue growth slowed to 3% and Q2 outlook disappointed.

SNAP