BlackBerry's QNX Software Powers 275 Million Vehicles, Driving Profit Turnaround
Technology Sarah Chen

BlackBerry's QNX Software Powers 275 Million Vehicles, Driving Profit Turnaround

BlackBerry's QNX software now runs in over 275 million vehicles, generating $268 million in fiscal 2026 revenue and helping the company post a $53.2 million profit.

BB
Fiserv Joins x402 Foundation for AI-Driven Payments Ahead of Q1 Earnings
Technology Sarah Chen

Fiserv Joins x402 Foundation for AI-Driven Payments Ahead of Q1 Earnings

Fiserv has joined the x402 Foundation to develop open standards for automated internet payments, ahead of its Q1 earnings release on May 5 and investor day on May 14.

FISV
Arista Networks Faces Pivotal AI Earnings Test After Morgan Stanley Price Target Hike
Earnings James Calloway

Arista Networks Faces Pivotal AI Earnings Test After Morgan Stanley Price Target Hike

Morgan Stanley raised its Arista Networks price target to $180 ahead of Q1 earnings on May 5. Revenue consensus is $2.62 billion with AI data center spending in focus.

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ON Semiconductor Hits 52-Week High on EV Deals Ahead of Q1 Results
Earnings James Calloway

ON Semiconductor Hits 52-Week High on EV Deals Ahead of Q1 Results

ON Semiconductor shares closed at a 52-week high of $103.03 ahead of Q1 earnings, boosted by electric-vehicle partnerships with Geely and NIO.

ON
RTX Lands Major Defense Contracts as U.S. Accelerates $8.6B Middle East Arms Sales
Markets Daniel Marsh

RTX Lands Major Defense Contracts as U.S. Accelerates $8.6B Middle East Arms Sales

RTX Corp. was named principal contractor in U.S.-approved $8.6B Middle East arms sales and received $1.27B in new U.S. missile contracts, fueling defense backlog growth.

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Lumen Technologies Q1 Earnings Preview: AI-Driven Strategy Faces Revenue Decline
Earnings James Calloway

Lumen Technologies Q1 Earnings Preview: AI-Driven Strategy Faces Revenue Decline

Lumen Technologies is set to report its first-quarter earnings on May 5, with expectations of a loss as the company shifts focus to AI and enterprise fiber.

LUMN
McDonald's Shares Dip Ahead of Q1 Results Amid Value Menu Scrutiny
Earnings James Calloway

McDonald's Shares Dip Ahead of Q1 Results Amid Value Menu Scrutiny

McDonald's shares dropped 2.37% to $286.64, extending losses to over 16% since early March, as investors await Q1 earnings on May 7. Analysts expect EPS of $2.75 on $6.48B revenue.

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Indonesia Caps Ride-Hailing Commissions at 8%, Pressuring Grab Ahead of Earnings
Regulation James Calloway

Indonesia Caps Ride-Hailing Commissions at 8%, Pressuring Grab Ahead of Earnings

Indonesia slashed the maximum commission for ride-hailing platforms to 8%, pressuring Grab (GRAB) and GoTo's Gojek ahead of Grab's Q1 earnings. Grab shares fell 3.9%.

GRAB
Cloudflare's New AI Tool Launch Precedes Q1 Earnings Report
Earnings James Calloway

Cloudflare's New AI Tool Launch Precedes Q1 Earnings Report

Cloudflare shares surged 6.1% on Friday after unveiling Dynamic Workflows, a developer tool for AI agents, just days before its first-quarter earnings report on May 7.

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Intel's SambaNova Investment Clears Antitrust Hurdle Amid AI Chip Surge
Technology Sarah Chen

Intel's SambaNova Investment Clears Antitrust Hurdle Amid AI Chip Surge

Intel's SambaNova investment cleared U.S. antitrust review, removing a key barrier as INTC stock approaches $100 on AI demand.

INTC NVDA AMD ARM
Earnings James Calloway

Aeluma Shares Surge 9.6% Ahead of Q3 Earnings; Key Test on May 13

Aeluma shares rose 9.6% to $25.58, valuing the company at $457 million, as investors anticipate fiscal Q3 results on May 13. The focus is on commercial traction.

ALMU
S&P 500 and Nasdaq Hit New Peaks as Earnings Surge Offsets Oil and Rate Concerns
Markets Daniel Marsh

S&P 500 and Nasdaq Hit New Peaks as Earnings Surge Offsets Oil and Rate Concerns

The S&P 500 and Nasdaq set fresh records Friday, driven by robust earnings, but the Dow slipped 0.3% as energy stocks fell on oil price worries.

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