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X-FAB Shares Surge 76% on Social Media Buzz, Defying Fundamentals
X-FAB shares skyrocketed up to 76% on May 27 after a viral X post triggered heavy retail buying, despite no company news. Q1 revenue fell 4% YoY, but photonics and wide-bandgap chip revenue surged.
Micron Joins $1 Trillion Club as AI Memory Demand Surges
Micron Technology crossed $1 trillion in market value Tuesday, closing at a record $895.88 after UBS raised its price target to $1,625. Shares rose 5.8% premarket Wednesday as demand for AI-related memory chips surged.
Zscaler Shares Plunge 21% on Disappointing Q4 Revenue Forecast
Zscaler shares tumbled 21% in premarket trading after the company's fourth-quarter revenue forecast fell short of Wall Street expectations, overshadowing a better-than-expected third quarter.
Plug Power Stock Steadies as UK Hydrogen Project Advances
Plug Power shares closed Tuesday up 1.59% at $3.84. The company's Barrow Green Hydrogen project in the UK has reached final investment decision, but profitability remains elusive with a Q1 net loss of $246 million.
Rocket Lab Advances Missile-Warning Satellite Program; SpaceX IPO Speculation Lifts Space Stocks
Rocket Lab passes a system requirements review for its $816 million missile-warning satellite program, securing its schedule. The company also won a $90 million Space Force contract and reported strong Q1 revenue growth.
Nokia Stock Hits New Highs on AI-Driven Optical Network Demand
Nokia shares hit a new 52-week high in Helsinki and a record high in US ADRs, driven by strong Q1 earnings and surging AI and cloud sales.
Nokia Stock Soars to New Highs on AI Cloud Demand
Nokia shares hit a 52-week high as AI and cloud sales surge 49%, driving a 54% jump in Q1 operating profit. The stock is now trading above most analyst targets.
TSMC Takes Center Stage as Nvidia Deepens Taiwan Ties
Nvidia plans to spend up to $150B yearly in Taiwan, highlighting TSMC's critical role in AI chip manufacturing. TSMC's April revenue rose 17.5% YoY.
Momentus Stock Jumps Premarket After Filing $200M Shelf Registration
Momentus Inc. shares rose 27.7% in premarket trading Wednesday after the company filed a $200 million shelf registration. Director Chris Hadfield also purchased 2,000 shares last week.
BlackBerry Hits 52-Week High on AtHoc Certification and QNX Robotics Push
BlackBerry stock surged to a 52-week high, driven by AtHoc government cloud recertification and QNX robotics demonstrations. Q1 FY2027 earnings are expected around June 25.
T1 Energy Surges Following Trina Solar's $190M Stake Sale
T1 Energy shares surged 29.3% Tuesday after Trina Solar sold $190M in stock, reducing its stake to 11%. The company's Q1 profit and G2_Austin funding plans are key as US solar policy risks loom.