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Adobe Shares Rise Premarket as AI Revenue Hopes Build Ahead of Earnings
Adobe shares rose 3.6% in after-hours trading, building on Friday's 7.36% rally, as the market focuses on the June 11 earnings report for proof that AI is boosting revenue. The stock is still far from its $421 high.
IBM's Major Quantum and Security Pledges Propel Stock Higher
IBM shares jumped 12.7% as the company committed $15 billion to quantum computing and open-source security, boosting investor sentiment.
SoFi Gains Premarket as Stablecoin Launch Nears for 15M Users
SoFi Technologies shares rose 2.14% in premarket Monday to $18.61, building on a 17% surge last week driven by excitement over the SoFiUSD stablecoin launch for nearly 15 million members.
Ford Stock Rallies as Battery Storage Business Lands Major Deal
Ford shares closed up 4.74% as Ford Energy signed a landmark deal to supply up to 20 GWh of battery storage to EDF, highlighting a pivot toward power infrastructure.
Verizon's No-Trade-In Phone Bundles Face Customer Service Challenges
Verizon's new no-trade-in phone bundles aim to drive postpaid growth, but customer reports of two-hour store waits and lower J.D. Power satisfaction ratings highlight service hurdles.
Micron's AI-Driven Surge Puts Rival Samsung Under Pressure
Micron Technology (MU) is riding a wave of AI server demand, nearing a $1.11 trillion market cap. UBS tripled its price target to $1,625, while rivals like Samsung push new HBM chips.
Micron's AI Surge Faces Samsung HBM Challenge Ahead of Earnings
Micron nears $1.1 trillion market cap on AI demand and tight HBM supply, with UBS tripling its target to $1,625. Samsung's new HBM4E chips challenge the stock ahead of June 24 earnings.
Bitcoin Depot Faces $76K ATM Scam Suit as Bankruptcy Looms
Bitcoin Depot is sued in Idaho for allegedly facilitating a $76,000 scam via its ATMs, while the company undergoes bankruptcy and states tighten crypto ATM regulations.
Deere's $99M Right-to-Repair Deal Advances, Farmers Face Key Deadlines
A federal judge gave preliminary approval to Deere's $99 million right-to-repair settlement, setting an Oct. 29 final hearing. Farmers must decide by Sept. 14 on claims or objections.
Intel's 200% Rally Faces Reality Check After Computex Reveal
Intel shares fell 5.1% on Friday, trimming a 200% year-to-date rally, as the company unveiled new data-center chips at Computex but faces skepticism over its AI turnaround.
