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Intel Stock Slides as AMD and Arm Gain Server CPU Market Share
Intel shares fell 3.9% as UBS data shows server CPU market share dropped to 54.9% in Q1, with AMD and Arm gaining ground.
Devon Completes Coterra Merger, Igniting Shale M&A Surge
Devon Energy completed its all-stock merger with Coterra Energy, ending CTRA trading on the NYSE. The $25B deal pushed US upstream M&A to a two-year high, with Devon targeting $1B in annual synergies and launching an $8B buyback.
Klarna Reports First Profit Post-IPO, Tepid Q2 Guidance Caps Rally
Klarna achieved its first quarterly profit since going public, but softer Q2 guidance tempered investor enthusiasm. Revenue surged 44% to $1 billion.
Quantum Cyber Rockets on Drone Deal and Ex-VA Chief Board Appointment
Quantum Cyber appoints ex-VA chief Peter O'Rourke, following a drone tech deal with BP United. Shares soar 264% as the company pivots to defense.
Cisco Stock Soars on AI Orders, Restructuring Plan
Cisco shares jumped as much as 22% in premarket trading after the company raised its sales forecast and announced a restructuring focused on AI, with $5.3 billion in AI orders from hyperscalers.
Forgent Power Soars on Record Orders, AI Data Center Demand Drives Growth
Forgent Power Solutions raised its FY2026 revenue forecast after record Q3 bookings of $867 million, signaling robust AI data center demand. Shares jumped in premarket trading.
Ondas Surges on Q1 Revenue Beat, Lifts 2026 Guidance
Ondas shares surged 14% premarket after Q1 revenue of $50.1M beat forecasts. The company raised its 2026 revenue outlook to $390M+.
Apple Warns EU Android Rules Could Threaten Privacy and Security
Apple cautioned the EU that requiring Android to open core features to rival AI assistants may compromise privacy, security, and device performance.
Precigen Surges on Papzimeos Revenue, Narrows Loss in Q1
Precigen (PGEN) shares surged 14% as Q1 revenue of $23.3M beat estimates, fueled by $21.6M from Papzimeos. Net loss narrowed to $7.9M from $54.2M a year ago.
POET Surges on $50M AI Optics Deal with Lumilens; Long Road to Production Ahead
POET Technologies shares jumped 16% after securing a $50 million initial order from Lumilens for AI data-center optical engines, with potential cumulative purchases over $500 million.
Trump-Brokered Boeing Deal with China Could Revive 737 MAX Orders
A potential order of up to 500 Boeing 737 MAX jets from China could be announced during Trump's Beijing visit, marking a pivotal moment for Boeing and U.S.-China trade talks.