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Apple Backs Google in EU Digital Markets Act Dispute
Apple cautioned EU regulators that proposed DMA rules requiring Android to open features to competing AI services could endanger privacy and security. Alphabet shares rose 4% after strong Q1 results.
AOI Shares Jump on Surging AI Data-Center Demand
Applied Optoelectronics surged 21% on strong AI data-center demand, with Q1 revenue hitting $81.4M. Supply constraints are expected to persist through mid-2027.
Wall Street Hits New Peaks as Tech Surge Overrides Inflation Jitters
The S&P 500 and Nasdaq Composite closed at record highs Wednesday, shrugging off a hotter-than-expected April producer price report that pushed back Fed rate-cut expectations.
Exxon Edges Higher as Oil Stays Above $100 Amid Inflation Jitters
Exxon Mobil rose 0.4% as oil stayed above $100, but Chevron and ConocoPhillips slipped on inflation and rate hike fears. The Energy Select Sector SPDR Fund edged down 0.1%.
BigBear.ai Shares Extend Rally Amid Defense AI Contract Backlog Growth
BigBear.ai stock rallied 3.1% Wednesday, pushing one-month gains to 24.7%, driven by a 14% backlog increase to $281.9M from new defense and travel deals.
Apple Warns EU Over AI Interoperability Rules as Stock Nears $300
Apple flags EU draft rules requiring Android to open to competing AI services as a 'profound risk,' while its stock nears $300 and CEO Cook joins Trump for China trade talks.
Aurora Surges 15% as Volvo and DSV Launch Autonomous Trucking Service in Texas
Aurora Innovation stock surged 15% after Volvo and DSV launched commercial autonomous trucking in Texas. The company aims to deploy over 200 driverless trucks by year-end.
Archer Aviation Advances FAA Certification Despite $218M Quarterly Loss
Archer Aviation shares gained 4.7% as the company reported progress in FAA certification for its Midnight eVTOL, offsetting a $217.7 million first-quarter net loss.
Nu Holdings Shares Dip Ahead of Q1 Earnings; Credit Quality in Focus
Nu Holdings shares slipped 3.3% to $12.84 ahead of Q1 earnings. Analysts forecast EPS of $0.20 and revenue of $5.06B, with credit quality under scrutiny.