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Rocket Lab Retreats After Rally as Space IPO Buzz Fades
Rocket Lab shares dropped 6.5% to $138.37 midday Friday, paring weekly gains, after a Blue Origin test failure and reports SpaceX may target a lower IPO valuation. The company passed an SDA review for its $816 million missile-warning satellite deal.
CrowdStrike Rides AI Wave to New Heights Ahead of Earnings
CrowdStrike shares climbed 6.5% as AI-driven cybersecurity demand lifts sector. Earnings report due June 3.
IREN Shares Dip as Focus Shifts to AI Deal Execution
IREN shares dropped 1.5% to $63.08 Friday as the market shifts focus from contract figures to execution of its AI infrastructure plans.
Costco Stock Dips Despite Strong Sales as Profit Misses Mark
Costco shares dropped 4.6% despite an 11.6% sales surge, as earnings missed analyst estimates and valuation concerns persisted.
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%.