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AMD Stock Retreats After AI-Fueled Rally; Server CPU Strategy Takes Center Stage
AMD shares fell $12.97 to $408.42 Thursday, reversing some of the post-earnings gains. The company's Q1 revenue rose 38% to $10.25B, driven by data-center sales up 57%, and it forecasts Q2 revenue of about $11.2B.
Rocket Lab Q1 Revenue Surges 63.5% as Backlog Hits $2.2 Billion
Rocket Lab posted record Q1 revenue of $200.3M, narrowed its net loss, and saw backlog soar to $2.2B after a major launch deal. RKLB shares reversed a pre-report decline in after-hours trading.
HawkEye 360 Surges 30% in NYSE Debut After $416M IPO
HawkEye 360 shares opened 30% above its IPO price on the NYSE, valuing the company at $3.15 billion. The IPO raised $416 million amid strong demand for defense and space stocks.
USDA Tightens SNAP Stocking Rules: Retailers Must Offer 28 Staple Items by Fall 2026
USDA finalizes SNAP stocking rules effective fall 2026, mandating 28 staple food varieties, impacting small grocers and convenience stores.
Lumen Technologies Tumbles 13% on $1B Debt Sale, Alkira Buyout
Lumen Technologies shares fell 13% after its Level 3 unit priced $1 billion in 7.5% senior notes due 2037, highlighting balance sheet concerns amid a $475 million Alkira acquisition.
Capital One Faces Class Action Over Cancellation of Earned Credit Card Rewards
Capital One is sued for canceling earned credit card rewards after account closures, even when cardholders were not in default, with over $10,000 in rewards at stake.
GE Vernova Slides after Texas Nuclear-Gas AI Power Deal
GE Vernova shares dropped over $70 after announcing a Texas nuclear-gas project for AI data centers, as investors digest strong Q1 orders.
Coca-Cola Consolidated Tumbles 16% as Margin Squeeze Overshadows Sales Growth
Shares of Coca-Cola Consolidated dropped 16.6% despite a 16.9% sales jump, as rising aluminum costs and tariffs squeezed margins, dragging adjusted net income down 12.3%.
Unity's AI Ad Engine Drives Revenue Growth, But Impairment Charge Weighs on Earnings
Unity Software posted a 17% revenue increase in Q1 2026, fueled by its AI-powered ad engine, but a $279 million impairment charge widened its net loss to $347 million.
DocuSign Appoints Redis CEO to Board Amid AI Contract Push
DocuSign has named Redis CEO Rowan Trollope to its board, effective May 2, as the company accelerates its shift into AI-driven contract management software. Shares gained 4.1% following the news.
AAON Shares Surge on Record Q1, Boosted 2026 Guidance
AAON reported Q1 revenue of $496.9M, up 54.3%, and backlog of $2.13B, driving a 2026 sales growth forecast of 40%-45%. Shares surged 36.2%.
Zoetis Shares Plunge 20% on Weak Pet Owner Spending, Lowered Guidance
Zoetis shares plunged 20% after cutting its 2026 outlook and missing Q1 estimates, as U.S. pet owners cut back on vet visits and premium treatments, intensifying competition.