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Apple Shares Hit New Record Ahead of AI-Focused WWDC
Apple stock hit a fresh record of $312.51 on Thursday, driven by optimism ahead of WWDC. Analysts raised price targets on AI and Siri upgrade expectations.
Dell Soars on $60B AI Server Forecast, Record Backlog
Dell shares jumped 22% after hours after the company raised its full-year outlook and set a $60B AI-server revenue target for fiscal 2027, citing a record $51.3B AI backlog.
HPE Q2 Earnings Preview: Networking and AI Infrastructure Under the Microscope
Hewlett Packard Enterprise reports fiscal Q2 earnings after market close June 1. Analysts expect $9.77 billion revenue and 53 cents adjusted EPS, with investors focused on networking and AI infrastructure growth margins.
XRP Recovers Above $1.32 After Testing Key Support Level
XRP recovered to $1.32 after briefly falling under $1.30, as traders assess support. CME Group announced 24/7 crypto futures trading starting May 29.
Bradesco Shares Dip on BRB Rescue Plan Participation
Bradesco's preferred shares dipped 0.3% to R$17.95 as the bank joins a syndicate backing a credit deal for Banco de Brasília, while the Ibovespa fell 0.39% on rate concerns.
MongoDB Stock Surges on Cloud Growth, Raised Annual Forecast
MongoDB shares surged 21.9% after hours as fiscal Q1 revenue beat estimates and Atlas cloud growth topped 29%, prompting a raised full-year outlook.
Costco's Strong Sales Signal Resilient US Consumer Spending
Costco's Q3 net sales rose 11.6% to $69.15B, beating expectations, as US shoppers prioritize value. Digital sales surged 21.5% and memberships grew 4.1%.
Okta Stock Climbs on Q1 Beat, AI Identity Push Offsets Sector Jitters
Okta shares jumped 5.8% after Q1 revenue of $765M and EPS of $0.91 beat estimates, fueled by AI agent identity management demand.
Microsoft Shares Jump on Report of In-House AI Models Ahead of Build Event
Microsoft shares rose 3.4% on Thursday after a report said the company will unveil new in-house AI models, including a coding model for GitHub Copilot, at its Build event next week.
ServiceNow Shares Surge on Renewed AI Optimism in Enterprise Software
ServiceNow shares jumped 7% as AI-focused enterprise software stocks rallied, fueled by Snowflake's $6 billion AWS deal. Q1 subscription revenue rose 22%, but questions linger about AI's long-term impact.