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Photronics Plunges 32% on Q2 Revenue Miss and Weak Outlook
Photronics shares fell 32% after missing Q2 estimates and cutting guidance, with IC revenue down 5% year over year.
CIBC Stock Dips Despite Strong Earnings and Caribbean Asset Sale
CIBC shares fell 5.5% despite beating Q2 profit estimates and announcing the sale of its Caribbean unit for about $1.6 billion.
Arm Soars on Nvidia Vera CPU Ties, Record Revenue
Arm shares jumped 12.7% on upbeat analyst notes tying it to Nvidia's Vera CPU. Record revenue of $4.92 billion and $2 billion in AGI CPU demand through 2028 fuel the rally.
Oracle's AI Data Center Strategy Faces Scrutiny Amid Debt and Backlog Concerns
Oracle shares gained 6.2% after strong Q3 results, but investors eye $552.6B backlog and $130.9B debt as AI data-center costs mount.
Snowflake Stock Surges on $6B AWS Deal, Raised Outlook
Snowflake shares surged over 33% following a $6 billion AWS deal and an upbeat fiscal 2027 revenue forecast, prompting at least 30 analysts to raise price targets.
Super Micro Shares Jump on Taiwan Seizure and European AI Cloud Deal
Super Micro shares surged 6.2% after Taiwan officials arrested three suspects and seized 50 servers in an export case, while the company announced a major AI cloud deal with Verda in Europe.
Lilly Expands Vaccine Portfolio with $3.83B Triple Acquisition
Eli Lilly acquires Curevo, LimmaTech, and Vaccine Company for up to $3.83B, gaining vaccine candidates for shingles, staph, and Epstein-Barr virus. Shares rose 5%.
Dow Dips as Inflation Data and Iran Tensions Chill Rally
The Dow fell 110 points Thursday as April PCE inflation data and renewed U.S.-Iran tensions pressured energy stocks and raised rate concerns.
Infleqtion Shares Surge 8.7% on Oxford Expansion Plans Despite Insider Sale
Infleqtion shares jumped 8.7% on plans to open an Oxford Quantum Innovation Centre, but a recent insider stock sale by Maverick-linked entities adds caution.
Bitmine Stock Dips as Ether Slips Below $2,000; $12.3B Crypto Bet in Focus
Bitmine shares fell 4.6% after ether dipped below $2,000. The company holds $12.3 billion in crypto and is poised for Russell 3000 index rebalancing.
UMAC Surges on Pentagon Drone Funding Report, Profitability Concerns Linger
Unusual Machines shares jumped up to 52% on reports the Trump administration is in talks to fund U.S. drone makers, but the company's operating losses and rising inventory raise concerns.