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JFrog Shares Soar 24% as AI Coding Surge Drives Cloud Revenue Growth
JFrog shares surged 23.7% to $70.55 after Q1 revenue rose 26% to $154M, cloud revenue jumped 50%, and the company raised its 2026 outlook.
Virgin Galactic Shares Soar 17% Ahead of Earnings; Focus on Cash Burn
Virgin Galactic stock jumped 17% to $2.94 ahead of next week's earnings, as investors await Delta spacecraft flight tests and commercial service restart. Cash burn remains the critical concern.
HP Stock Surges Ahead of Earnings as AI PC Hype Meets Margin Pressure
HP Inc. shares jumped 8% to $22.68 on Friday, rebounding ahead of its fiscal Q2 earnings report on May 27, with AI PC demand and rising memory costs in focus.
Peso Strengthens to 3-Week High as Dollar Weakens Despite Strong US Jobs Data
The Mexican peso surged to a three-week high near 17.19 per dollar on Friday, driven by a weakening dollar even after stronger-than-expected US jobs data. Banxico cut rates by 25 bps to 6.50% and signaled an end to its easing cycle.
AST SpaceMobile Switches to SpaceX After BlueBird Setback, Aims for Mid-June Launch
AST SpaceMobile will launch three Block 2 BlueBird satellites via SpaceX in mid-June, following the loss of BlueBird 7 on Blue Origin's New Glenn. The company maintains its 2026 rollout target, with shares up nearly 15% to $75.05.
Cisco Shares Rally Ahead of Key Q3 Earnings as AI Revenue Conversion Takes Center Stage
Cisco shares jumped 4.7% to $96.52 ahead of its fiscal Q3 earnings on May 13, with analysts eyeing AI order conversion and margin performance.
Wall Street Hits New Highs on Tech Surge; Dow Flat Despite Jobs Data
The S&P 500 and Nasdaq hit record highs Friday, driven by AI and semiconductor stocks, while the Dow Jones barely budged after a solid jobs report.
AI Rally Drives S&P 500 and Nasdaq to New Highs Despite Oil Price Surge
The S&P 500 and Nasdaq closed at record highs Friday, driven by AI chip stocks and a better-than-expected April jobs report, even as oil prices climbed. Nvidia, Micron, and SanDisk posted strong gains.
Hims & Hers Health Gears for Earnings Amid Weight-Loss Drug Shifts
Hims & Hers Health shares surged 9.3% to $28.03 ahead of its May 11 earnings report, with options pricing a 14.8% move. The company is navigating FDA rules on compounded weight-loss drugs.
Prospect Capital Shares Slide on Earnings Miss and Dividend Cut
Prospect Capital shares dropped 9.6% after Q1 net investment income fell to $78.5 million and the company cut its monthly dividend to $0.035 per share.