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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.
FMCSA Retires Legacy Systems as Motus Registration Platform Goes Live May 14
The FMCSA is retiring its legacy registration systems on May 14, 2026, launching the new Motus platform. Carriers and brokers must update their accounts to avoid manual verification delays.
Cerebras IPO Skyrockets with Overwhelming Demand, Targeting $50B Valuation
Cerebras Systems is set to price its IPO above the $150-$160 range due to massive demand, with orders 20 times available shares, targeting a $50 billion valuation.
AMD's Small Stake in Marvell Highlights AI Chip Sector's Momentum
AMD disclosed a modest stake in Marvell Technology, valued at $6.49 million in March, now worth ~$11.8 million. The news highlights Marvell's AI data-center focus and analyst optimism.
NIO Shares Rally as ES8 Sales Surge, Boosting Profit Outlook
NIO shares jumped 43.5 cents to $6.515 after April deliveries rose 22.8% to 29,356 vehicles, with the ES8 SUV accounting for 44% of volume. Q1 results are due May 21.
Plug Power's Q1 Revenue Surge Masked by Deepening Cash Burn
Plug Power's Q1 revenue rose 22% to $163.5M, but net loss widened to $245.3M and cash burn increased, overshadowing the top-line beat.