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Richtech Robotics Surges Ahead of Chicago Robot Demos as RaaS Strategy Takes Center Stage
Richtech Robotics shares surged 9.7% to $2.82 on Wednesday ahead of live robot demonstrations at the NRA Show in Chicago, as the company pivots to recurring revenue models despite a quarterly revenue dip.
Eos Energy Unveils Cerberus-Backed Storage Venture as Q1 Revenue Surges 445%
Eos Energy Enterprises reported a 445% surge in Q1 revenue to $57 million and launched Frontier Power USA, a Cerberus-backed storage venture, while working toward profitability.
Cisco's AI Surge Propels Futures Higher as Wall Street Eyes Inflation Data
U.S. stock futures rose early Thursday as Cisco's 19% premarket surge on AI demand and job cuts lifted tech stocks. Markets await April retail sales and jobless claims data.
Warsh Confirmed as Fed Chair Amid Stubborn Inflation, Rate Cut Bets Fade
Kevin Warsh wins Senate confirmation as Fed chair as April inflation data (CPI +3.8% YoY, PPI +6.0% YoY) complicates rate cut outlook; markets now see 71% chance of no cuts in 2026.
Indian Stocks Rally Over 1,000 Points, But Rupee Weakness Caps Gains
Indian equities bounced back sharply on Thursday, with the Sensex jumping over 1,000 points, but a record-low rupee and elevated oil prices kept the rally fragile.
US Retail Sales, Jobless Claims in Focus After Inflation Data Surprise
April retail sales and weekly jobless claims are set for release at 8:30 a.m. EDT, with import-export prices and business inventories also due.
Innoviz Secures LiDAR Deals with Kela Technologies Ahead of Q1 Earnings
Innoviz Technologies secures a framework deal with Kela Technologies for up to thousands of InnovizTwo LiDAR sensors for defense, plus a software agreement with an autonomous driving firm, ahead of Q1 earnings.
Cerebras IPO Prices at $185, Raising $5.55 Billion in Year’s Largest Debut
Cerebras Systems priced its IPO at $185 per share, raising $5.55 billion and valuing the AI chipmaker at $56.43 billion. Shares begin trading May 14 on Nasdaq under CBRS.
Alibaba's AI Cloud Bet Drives Stock Surge Amid Profit Dip
Alibaba's cloud revenue surged 38% to 41.63 billion yuan, fueling a stock rally even as operating profit swung to a loss of 848 million yuan, highlighting the AI investment trade-off.
NIO Shares Surge on L80 Debut Anticipation Amidst China EV Slowdown
NIO shares rose over 4% in Hong Kong ahead of the ONVO L80 launch. April deliveries grew 22.8% YoY to 29,356 units, even as China's car market contracted.
Ondas Shares in Focus as Rotron Completes SkyLance Drone Test Ahead of Q1 Results
Ondas Inc.'s UK subsidiary Rotron successfully completed a firing test of its SkyLance long-range strike drone, boosting momentum ahead of the company's Q1 earnings release on May 14.
Robo.ai Shares Rally 100% on NeuroStream Launch, But Questions Linger
Robo.ai shares surged 100% after Neurovia AI launched NeuroStream, a video compression platform claiming 95% data reduction. The rally comes amid a $100M stock acquisition deal and a 92% revenue decline.