Chip Sector Surge Fuels AI Rally; ETFs and Eaton in Focus
Technology Sarah Chen

Chip Sector Surge Fuels AI Rally; ETFs and Eaton in Focus

Chip stocks rallied nearly 5%, lifting AI ETFs and pushing S&P 500 and Nasdaq to record highs. Nvidia, Micron, Sandisk surged; Eaton posted strong Q1 sales.

SMH SOXX ETN NVDA MU SNDK TSM SSNLF
Wall Street Hits New Highs on Tech Surge; Dow Flat Despite Jobs Data
Markets Daniel Marsh

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.

AAPL AMAT AMD AMZN AVGO BA CAT CRM CSCO DIS HD JNJ JPM MCD MU NFLX NVDA SNDK UNH VZ WMT
AI Rally Drives S&P 500 and Nasdaq to New Highs Despite Oil Price Surge
Markets Daniel Marsh

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.

NVDA MU SNDK AMD INTC CRM SNOW CRWD CLSK ENPH
Hims & Hers Health Gears for Earnings Amid Weight-Loss Drug Shifts
Earnings James Calloway

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.

HIMS
Prospect Capital Shares Slide on Earnings Miss and Dividend Cut
Earnings James Calloway

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.

PSEC
DXC Technology Shares Tumble 23% on Weak Revenue Outlook and AI Turnaround Doubts
Earnings James Calloway

DXC Technology Shares Tumble 23% on Weak Revenue Outlook and AI Turnaround Doubts

DXC Technology shares fell 23% after forecasting further organic revenue declines and reporting a GAAP loss, casting doubt on its AI-driven turnaround amid weak demand.

DXC
Main Street Capital Shares Slide on Q1 Earnings Miss Amid Dividend Coverage Concerns
Earnings James Calloway

Main Street Capital Shares Slide on Q1 Earnings Miss Amid Dividend Coverage Concerns

Main Street Capital shares fell 4.5% after Q1 earnings missed estimates, raising questions about dividend sustainability amid credit quality concerns.

MAIN
Moderna Jumps 10% on Hantavirus Vaccine Push as Cruise Ship Outbreak Revives mRNA Hopes
Markets Daniel Marsh

Moderna Jumps 10% on Hantavirus Vaccine Push as Cruise Ship Outbreak Revives mRNA Hopes

Moderna shares rose 10% on Friday after the company revealed early-stage work on a hantavirus vaccine, spurred by a deadly Andes virus outbreak on the MV Hondius cruise ship.

MRNA GSK
Wynn Resorts Shares Slide on UAE Delay and $900M Macau Expansion
Markets Daniel Marsh

Wynn Resorts Shares Slide on UAE Delay and $900M Macau Expansion

Wynn Resorts stock dropped 6.7% Friday despite beating Q1 profit estimates, as a delayed UAE opening and a $900M+ Macau expansion raised capital concerns.

WYNN LVS MGM
Earnings James Calloway

Motorola Solutions Shares Fall 11% Despite Lifted 2026 Guidance

Motorola Solutions raised its 2026 revenue forecast to $12.8B after a solid Q1, but shares tumbled 11% as investors wanted a bigger boost.

MSI AXON
MaxLinear Stock Surges Past $100 on AI Data Center Demand Ahead of Key Vote
Technology Sarah Chen

MaxLinear Stock Surges Past $100 on AI Data Center Demand Ahead of Key Vote

MaxLinear shares surged over 21% to $101.20, driven by AI demand. A shareholder vote on expanding the equity plan is set for May 20.

MXL
Arbor Realty Trust Plunges After Dividend Cut and Weak Q1 Results
Markets Daniel Marsh

Arbor Realty Trust Plunges After Dividend Cut and Weak Q1 Results

Arbor Realty Trust cut its dividend to $0.17 and reported Q1 net income of just $629,000, sending shares down 11% as investors focus on troubled loans.