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Xanadu Quantum Tech Faces First Earnings Test Since SPAC Debut
Xanadu Quantum Technologies will report Q1 earnings on May 14, its first since listing via SPAC. Focus is on cash burn and progress toward fault-tolerant quantum computing.
Clorox Shares Tumble 9.6% on Lowered Profit Outlook as Energy Costs, Purell Deal Weigh
Clorox slashed its fiscal 2026 profit forecast, sending shares down 9.6%. Rising energy costs, ERP stabilization expenses, and the Purell acquisition are pressuring margins.
Zoom Shares Rally Ahead of Q1 Earnings, AI Strategy in Focus
Zoom shares rose 6.6% to $103.60 ahead of its May 21 earnings report. The company's AI push and enterprise growth are key tests for the stock.
GameStop's $9 Billion War Chest Fuels Stock Rally
GameStop shares climbed to $26.61 as the market speculates on CEO Ryan Cohen's strategy for the company's $9 billion cash pile. Q4 results revealed a sales decline but improved operating income.
Nebius Acquires Eigen AI for $643M to Boost Inference Capabilities
Nebius Group N.V. acquires Eigen AI for $643M to advance AI inference, with shares jumping 11.3%.
Veeva Systems Joins S&P 500, Stock Jumps 10.5%
Veeva Systems shares jumped 10.5% to $172.29 after S&P Dow Jones Indices announced the company will join the S&P 500 on May 7, replacing Coterra Energy.
Summit Therapeutics Shares Dive 23% After HARMONi-3 Update Disappoints
Summit Therapeutics shares plummeted 23% after an interim HARMONi-3 update for ivonescimab failed to show early benefit. The trial remains blinded, with final PFS data due in late 2026.
Newell Brands Shares Surge on Upgraded 2026 Forecast Amid Sales Challenges
Newell Brands shares rose about 9% after the company boosted its 2026 sales and earnings outlook, citing stronger-than-expected demand and margins, though core sales still declined 3.5%.
nVent Electric Surges on Data Center Demand, Raises 2026 Outlook
nVent Electric raised its 2026 sales and profit forecasts after Q1 net sales surged 53% to $1.24 billion, driven by data-center demand for liquid cooling and power equipment.
SoundHound AI Shares Surge Ahead of Q1 Earnings Amid Growth Push
SoundHound AI shares jumped about 17% to $9.31 ahead of its May 7 Q1 earnings report, as investors assess recent deals for growth potential.
Canada Targets Crypto ATMs and Establishes Federal Financial Crimes Agency
Canada plans to ban cryptocurrency ATMs and establish a new Financial Crimes Agency with police powers, citing over C$704 million in fraud losses in 2025.