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Peloton Names New CFO Ahead of S&P SmallCap 600 Inclusion
Peloton shares rose 1.05% to $5.77 on Tuesday after naming former Rent the Runway CFO Sid Thacker as its new finance chief, effective June 22, ahead of joining the S&P SmallCap 600 index on May 27.
Micron Joins Trillion-Dollar Club on AI Memory Demand
Micron shares surged 19.3% to $895.88, pushing its market cap past $1 trillion for the first time, fueled by a UBS price target hike and strong AI memory demand.
Redwire Shares Surge 26% on Drone Orders and Record Backlog
Redwire shares jumped 26% to $22.04 Tuesday on record volume, driven by drone orders, a $498.1 million backlog, and a possible $350 million share sale. First-quarter revenue rose 57.9% but net loss widened to $76.5 million.
Plug Power Stock Climbs as Cash Concerns Linger
Plug Power shares gained 1.5% to $3.84 on Tuesday amid heavy trading, even as the company continues to burn cash and report negative gross margins.
Nokia's AI-Driven Rally Raises Valuation Concerns
Nokia shares surged 5.9% to a 52-week high, driven by AI demand, but valuation concerns mount as PE ratio doubles.
Nvidia Slips as AI Boom Lifts Broader Market to Records; What's Next for Traders
Nvidia shares slipped 55 cents to $214.86 even as the S&P 500 and Nasdaq closed at record highs. Q1 revenue surged 85% to $81.6B, data center revenue jumped 92%, but China revenue halved amid export restrictions.
Firefly Aerospace Stock Swings on Lunar Contract and Share Offering
Firefly Aerospace shares surged 18.8% after a $75M NASA contract, then fell 4.9% after-hours on a 12M share offering. Space stocks rally on SpaceX IPO buzz.
Richtech Robotics Surges Despite Delayed SEC Filing
Richtech Robotics surged 49.5 cents to $3.17 Tuesday on volume exceeding 39 million shares, even as the company disclosed a late SEC filing for its March quarter.
FedEx Freight Boosts Driver Training Ahead of Spinoff
FedEx Freight donated two tractors and two trailers to North Arkansas College, restarting its CDL program after an 18-month pause, just days before its spinoff as FDXF.
TeraWulf Rallies on Kentucky Data Center Expansion, Power Access Takes Center Stage
TeraWulf shares surged 10% to $25.18 after announcing a 1-GW data center campus in Eastern Kentucky, with 500 MW planned by 2028 and another 500 MW by 2030.
Zscaler Shares Slide on Soft Guidance Despite Strong Earnings
Zscaler shares dropped over 13% after hours Tuesday as its Q4 revenue forecast of $876.5M fell just shy of Wall Street's $879M target, overshadowing a Q3 earnings beat.