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SoFi Acquires PrimaryBid's IPO Platform, Stock Dips on Analyst Outlook
SoFi acquires PrimaryBid's IPO allocation tech to boost retail access. Stock drops 2.9% to $15.44 after Truist cuts target, citing platform concerns.
Inter Venezuela Deploys Harmonic's Virtualized Fiber for 5G Backhaul
Inter Venezuela rolls out XGS-PON backhaul with Harmonic's virtualized fiber gear to support 5G, as Movistar reports 168 5G stations. Harmonic lifts 2026 revenue forecast to $495M.
Anthropic Unveils Claude for Small Biz to Automate Finance and Marketing
Anthropic introduced Claude for Small Business on Wednesday, integrating its AI assistant with apps like QuickBooks, PayPal, HubSpot, and Canva. The product includes 15 preset workflows for tasks such as payroll and invoice management.
Quantum Computing Inc. Shares Retreat as Acquisition Costs Weigh on Growth
QCi shares fell 5.4% Wednesday as investors weighed a dramatic revenue surge from acquisitions against soaring costs and a net loss.
Navitas Shares Surge 10% After $122M ATM Offering Fuels AI Power Chip Push
Navitas Semiconductor raised $122M via an ATM offering, sending shares up 10.5% as it pivots to GaN chips for AI data centers and industrial uses.
POET Technologies Names New COO Amid Marvell Fallout and Legal Woes
POET Technologies hires Sandeep Kumar as COO to ramp up Malaysia production, as it deals with Marvell order cancellations and a securities lawsuit. Shares rose 1.4%.
Ondas Shares Dip as SkyLance Demo Precedes Q1 Report, Mistral Filing Weighs
Ondas shares fell 12 cents to $8.92 after a SkyLance test and a resale filing for 2.77 million shares from the Mistral deal. Q1 earnings are due Thursday.
Gold Extends Decline as Hot US Inflation Strengthens Rate-Hike Bets
Gold fell 0.6% to $4,686.99 as hot US inflation data bolstered bets on higher interest rates, while India's tariff hike sent local gold futures up 7.2%.
UiPath Shares Slide as AI Agent Launch Fails to Calm Earnings Jitters
UiPath shares dropped nearly 6% after launching a new AI coding agent integration, as investors await clearer demand signals ahead of the company's May 28 earnings call.
Wolfspeed Surges 21% on AI Power Chip Endorsement from Citrini
Wolfspeed shares surged 21% to $65.13 after Citrini Research endorsed its silicon carbide chips for AI data-center power management, though the company continues to report losses.
Microsoft's LinkedIn to Cut 5% of Workforce Amid Revenue Growth
LinkedIn will lay off about 5% of its staff, affecting marketing, engineering, and product roles, even as the platform reports 12% revenue growth and over 1.3 billion members.
Ford Surges 8.5% as Morgan Stanley Highlights Energy Storage Unit's Potential
Ford shares surged 8.5% to $13.01 after Morgan Stanley flagged its CATL-licensed energy storage unit as a potential profit engine, with estimates of $500-$600 million annual EBIT.