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Marvell Stock Bounces as S&P 500 Entry Nears, AI Rally Faces Valuation Test
Marvell shares rebounded 3.16% premarket after a 5.35% drop, as investors weigh the upcoming S&P 500 inclusion against valuation concerns following a 261% yearlong AI-driven rally.
Oracle's AI Data Center Spend Weighs on Stock Despite Record Cloud Backlog
Oracle shares dropped 8.9% after hours as investors reacted to the company's plan to raise $40B for AI data centers, despite record revenue and a $638B backlog.
MoneySimpler Enters Crowded AI Crypto Trading Bot Market
MoneySimpler launches an AI-driven trading platform for retail users, integrating crypto, forex, and equities. The move intensifies competition as vendors focus on AI features, but audited returns and user data remain undisclosed.
Super Micro Plunges 28% on $7B Dilutive Financing Plan
Super Micro Computer shares fell 28% to $29.27 after the company revealed a $7 billion financing plan to support $39 billion in AI server orders, sparking dilution worries.
BitGo Opens DeFi Vaults to Institutions Amid Stablecoin Arms Race
BitGo Bank & Trust launches DeFi gateway for institutions via Narval, granting access to Aave, Spark, and Tesseract while maintaining qualified custody and compliance controls.
Erie Insurance Advances to 308th on Fortune 500 as Revenue Bar Rises
Erie Insurance climbed 15 spots to No. 308 on the 2026 Fortune 500, exceeding a higher revenue threshold, while AM Best flags margin pressure and catastrophe risk for P&C insurers.
Commodities Rally on WASDE Hopes; S&P 500 Futures Slip on Inflation
Soybean and corn futures rose on anticipation of the USDA's WASDE report, while S&P 500 futures dropped on higher-than-expected inflation data.
Tech Selloff Deepens: AI Spending, Inflation, Geopolitics Unnerve Markets
The S&P 500 tech sector entered correction territory as AI-linked stocks like Oracle and Super Micro Computer tumbled on spending and capital raising, with inflation and geopolitical tensions adding to market jitters.
Murphy USA Stock Jumps 10% on Sector Fuel Margin Optimism
Murphy USA shares surged 10% after Casey's General Stores reported strong fuel margins, boosting investor confidence in sector profitability.
Sky Quarry Surges After-Hours on Refinery Restart Hopes
Sky Quarry (SKYQ) surged 22.44% to $1.91 in regular trading and jumped to $2.38 after-hours as traders focus on the company's planned June refinery restart.
Lloyds Shares Dip as FCA Delays Motor Finance Payouts to 2027
Lloyds shares slipped 0.98% as the FCA delays motor-finance compensation payments until at least 2027, clouding buyback hopes.