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GSI Technology Surges 39% on Strong Revenue, Cash Position, and Edge AI Focus
GSI Technology shares surged 39% on Monday following a 22% revenue increase and a strong cash position, highlighting its edge AI push.
Navitas Semiconductor Files $125M Stock Sale After India GaN Launch
Navitas Semiconductor files for a $125M stock sale after its shares jumped 24% on the news of a GaN product launch in India with Cyient.
Sega Abandons Live-Service ‘Super Game’ Ambition
Sega Sammy has canceled its 'Super Game' project and reassigned over 100 developers to core franchise teams after disappointing free-to-play results and losses at Rovio.
Hormuz Tensions Drive RBOB Gasoline Futures Higher
RBOB gasoline futures climb 2% to $3.67 a gallon as Hormuz risks and falling inventories outweigh federal tax suspension hopes.
Google Finance AI Goes Live Across Europe with Local Language Tools
Google rolls out its AI-enhanced Google Finance platform across Europe, providing local-language market tools and research capabilities as the financial data sector shifts toward conversational AI.
Brent Crude Holds Near $107 as Strait of Hormuz Risks Persist
Brent crude holds near $107 amid OPEC output at 20-year low and Strait of Hormuz disruptions. Traders weigh supply risks against demand concerns.
CleanSpark Faces $378M Loss as Bitcoin Slump and AI Transition Test Strategy
CleanSpark posted a $378.3 million net loss in fiscal Q2, driven by a $224.1 million bitcoin fair-value loss and a 24.9% revenue decline to $136.4 million. Its AI/HPC pivot has yet to generate revenue.
Work Medical Stock Skyrockets 206% on AI BioToken Pact, Then Plunges
WORK Medical Technology Group shares tripled on an AI partnership with Shanghai Novabioplus, then plunged 48% in premarket. The deal targets protein modeling and BioTokens but lacks financial details.
Microvast Shares Dip on 48% Q1 Revenue Slump and Cash Concerns
Microvast Holdings reported a steep 48% drop in first-quarter revenue, falling to $60.6 million, driven by delivery delays and regional headwinds. The company warned that current funds may not cover operations for the next year without new financing.
Intuitive Surgical Drops to 52-Week Low on Recall and Competition Fears
Intuitive Surgical shares fell to a 52-week low Monday after an FDA recall and lowered procedure growth forecasts, overshadowing a strong Q1 earnings beat.
IonQ Shares Surge After SkyWater Deal Gets Shareholder Nod
IonQ shares rose 15.54% to $56.89 after SkyWater shareholders approved the $1.8 billion acquisition, clearing a key hurdle. The deal still needs regulatory approval.