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Lumentum's AI Optics Surge Outshines Nvidia; Pullback Tests Rally
Lumentum shares slipped 3.6% Friday, paring a massive AI-driven rally that saw the stock gain 135% YTD, far exceeding Nvidia.
ByteDance's AI Chip Push Could Open New Data Center Markets for Qualcomm
ByteDance is accelerating its custom AI chip and CPU development, with a reported deal to purchase millions of Qualcomm ASICs for data centers, easing hardware bottlenecks.
Dell Stock Surges on AI Server Boom, Lifts Full-Year Forecast
Dell shares surged nearly 28% after the company raised its full-year revenue target and reported AI server sales of $16.1 billion, outpacing PC revenue. A $9.7 billion U.S. War Department contract added to the momentum.
Dow Hits 50,912 as AI Stocks Rally; Inflation and Jobs Data Loom
The Dow rose 243 points to 50,912 as Dell's AI-driven earnings boosted tech stocks. Markets await inflation and jobs data next week.
Dell's AI Surge Lifts Wall Street to Fresh Records Amid Inflation Concerns
Wall Street hit new intraday records as Dell surged 33% on raised AI server revenue targets, lifting hardware stocks. April PCE inflation rose 3.8% year-over-year, while Gap and American Eagle fell on weak forecasts.
SanDisk Surges on AI Demand, Price Target Hiked to $3,250
SanDisk shares jumped after Susquehanna raised its price target to $3,250, driven by AI demand and long-term contracts. Q3 revenue rose 97%.
SoundHound AI Shares Rise Despite $300M Stock Sale Announcement
SoundHound AI shares rose 4.3% to $8.93 after announcing a $300 million stock sale program, despite a Q1 net loss of $25 million and revenue of $44.2 million.
Micron Surges Past $1.1 Trillion as AI Memory Demand Intensifies Amid Samsung's New HBM4E Challenge
Micron shares rose 4.6% to $966.24, lifting market cap above $1.1 trillion, as AI memory demand boosts analyst targets. Samsung's HBM4E samples introduce fresh competition.
Micron Soars on AI Memory Demand, Samsung Enters Fray with HBM4E Samples
Micron Technology shares rose 4.6% to $966.24, lifting its market cap above $1.1 trillion, driven by AI memory demand and analyst upgrades. Samsung shipped samples of its HBM4E chips, adding competitive pressure.
HP Stock Rises on AI PC Growth; Margins Under Pressure from Memory Costs
HP shares gained after beating Q2 estimates, with AI PCs now 44% of shipments. However, rising memory costs and a trimmed 2026 EPS forecast tempered the outlook.
ServiceNow Soars on Wipro AI Pact, Easing Investor Concerns
ServiceNow shares surged 9% on a Wipro AI deal, easing growth fears. Q1 subscription revenue rose 22% to $3.67B, while AI product ACV topped $750M.