Earnings James Calloway

Disney Beats Q2 Estimates as Streaming Profits Surge, Parks Hold Steady

Disney topped Q2 expectations with streaming profits surging 88% and parks revenue steady. New CEO Josh D'Amaro targets 12-16% EPS growth for fiscal 2026.

DIS NFLX WBD
Coinbase Cuts 700 Jobs, Pivots to AI as Crypto Market Weakens
Crypto Sarah Chen

Coinbase Cuts 700 Jobs, Pivots to AI as Crypto Market Weakens

Coinbase will eliminate 700 jobs, or 14% of its workforce, as it restructures around AI and responds to weak crypto markets.

COIN
Marvell's AI Rally Faces Key Earnings Test in May
Earnings James Calloway

Marvell's AI Rally Faces Key Earnings Test in May

Marvell Technology reports fiscal Q1 2027 earnings on May 27, testing its AI-driven stock rally. Investors eye Nvidia partnership and data-center revenue.

MRVL NVDA AMD GOOGL MSFT AMZN META AVGO
Intel's AI-Driven Surge Faces Pivotal Test as AMD's Forecast and Apple Talks Lift Chip Sector
Markets Daniel Marsh

Intel's AI-Driven Surge Faces Pivotal Test as AMD's Forecast and Apple Talks Lift Chip Sector

Intel shares rose 6% premarket after AMD's bullish forecast and Apple's reported chipmaking talks. Data Center and AI revenue grew 22%, but net losses and stretched valuation raise questions.

INTC AMD AAPL TSM GOOGL NVDA
Flex Shares Surge 28% on AI Data Center Spinoff Plan
Markets Daniel Marsh

Flex Shares Surge 28% on AI Data Center Spinoff Plan

Flex shares surged 28.4% premarket after announcing the spinoff of its Cloud and Power Infrastructure unit into a standalone company, targeting AI data center growth.

FLEX JCI
Netflix Shares Slide Below $88 as Hastings Insider Sale and Weak Guidance Weigh
Technology Sarah Chen

Netflix Shares Slide Below $88 as Hastings Insider Sale and Weak Guidance Weigh

Netflix shares fell 3.4% to $87.57 as Reed Hastings disclosed a major insider sale ahead of his board exit. Weak Q2 guidance and intensifying competition add to investor concerns.

NFLX DIS
Semiconductor ETF SMH Rebounds on AI Demand, but Valuation Concerns Loom
Technology Sarah Chen

Semiconductor ETF SMH Rebounds on AI Demand, but Valuation Concerns Loom

SMH ETF rebounds as AMD's strong forecast boosts AI chip rally, but high valuations and potential demand slowdown remain risks.

SMH AMD INTC ARM QCOM MU NVDA TSM AVGO XSD
CoreWeave Faces $66.8B Backlog Test as Q1 Earnings Loom
Earnings James Calloway

CoreWeave Faces $66.8B Backlog Test as Q1 Earnings Loom

CoreWeave reports Q1 earnings after the close May 7, with a $66.8B backlog and major deals with Meta, Anthropic, and Jane Street. Investors eye execution risks.

META MSFT NVDA CRWV
Technology Sarah Chen

IREN Shares Surge After $625M Mirantis Acquisition Boosts AI Cloud Strategy

IREN Ltd will acquire Mirantis Inc in a $625 million all-share deal, strengthening its AI cloud capabilities. Shares rose 10.6% to $54.74.

IREN
Nebius Eyes Record Highs After $643M Eigen AI Deal, Q1 Earnings in Focus
Technology Sarah Chen

Nebius Eyes Record Highs After $643M Eigen AI Deal, Q1 Earnings in Focus

Nebius shares hover near record highs after a $643M deal for Eigen AI, with Q1 earnings due May 13 set to test the stock's momentum.

NBIS
Uber's Strong Bookings Forecast Puts Pressure on Lyft Ahead of Earnings
Earnings James Calloway

Uber's Strong Bookings Forecast Puts Pressure on Lyft Ahead of Earnings

Uber forecast Q2 gross bookings of $56.25-$57.75B, above estimates, after a Q1 revenue miss. Shares rose ~8% premarket. Lyft reports after Thursday's close.

UBER LYFT
Verizon Shifts Strategy: Ends Blanket Free Phone Offers, Targets Retention
Earnings James Calloway

Verizon Shifts Strategy: Ends Blanket Free Phone Offers, Targets Retention

Verizon CEO Dan Schulman ends blanket free phone and line offers, shifting to targeted retention. The carrier added 55,000 postpaid subscribers in Q1, its first positive Q1 since 2013.

VZ T TMUS CHTR