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Destiny Tech100 Soars on AI and SpaceX Hype
Destiny Tech100 shares jumped 13.4% Monday, driven by demand for its private tech holdings like SpaceX and AI firms. The fund trades at nearly double its NAV.
Blaize Shares Surge on $15M Defense AI Deal with Winmate
Blaize Holdings shares soared 33.5% to $2.71 after unveiling a strategic partnership with Taiwan's Winmate to deploy AI chips in rugged field systems for defense and security applications.
Figma Shares Rally 7% Ahead of Q1 Report Amid AI Design Competition
Figma shares jumped 7% to $20.08 ahead of its May 14 earnings report. Analysts remain cautious with a consensus 'Hold' rating, as AI rivals Anthropic and Google challenge the design software leader.
Elong Power Surges 72% After Lock-Up Expiry, Supply Overhang Looms
Elong Power shares surged 72% after a lock-up on 4.2 million shares expired. The company faces supply concerns and a going-concern warning.
Dow Plunges 450 Points as Strait of Hormuz Tensions Fuel Oil Surge
The Dow dropped nearly 450 points Monday as oil surged 5% on Strait of Hormuz tensions. Amazon's logistics expansion hit UPS and FedEx, while GameStop launched a $56B bid for eBay.
Nokia Stock Surges to 17-Year Peak on AI Data Center Strategy Shift
Nokia shares jumped 6.3% to a 17-year high on Monday, driven by a strategic focus on AI data centers and a deal to sell its fixed wireless access unit.
BigBear.ai Faces Credibility Test as Q1 Earnings Loom Amid Dilution Fears
BigBear.ai shares rose 2.2% to $4.23 ahead of Q1 earnings, with options pricing a 19% move. Investors remain wary after a 38% Q4 revenue drop and a doubling of authorized shares.
Amazon Opens Logistics Network to All Businesses, FedEx Shares Slide 9%
Amazon's new supply chain service, opening its logistics network to all businesses, sent FedEx shares down 9% and UPS down nearly 10%.
IREN Shares Surge 10% on Sweetwater 1 Data Center Power Milestone
IREN Ltd shares rose more than 10% Monday after the company announced its Sweetwater 1 data center in Texas was energized and connected to the ERCOT grid, a key milestone ahead of its fiscal third-quarter earnings.
