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Walmart Stock Slips Despite Strong Quarter as Fuel Costs Weigh
Walmart shares closed Friday at $120.27, down 0.9%, as strong Q1 revenue growth failed to offset investor concerns over fuel costs and a cautious profit outlook.
Qualcomm Surges on Stellantis Auto Tech Pact; Market Awaits Post-Holiday Trading
Qualcomm shares surged 11.6% Friday to $238.16 after Stellantis expanded its Snapdragon Digital Chassis deal. Automotive revenue rose 38% to $1.33 billion. Markets closed Monday for Memorial Day.
Grab Shares Slip Ahead of Holiday as Superbank Consolidation Takes Center Stage
Grab shares dipped 1.4% to $3.51 on Friday, ending the week 1.1% lower. The company is pivoting to banking growth with plans to consolidate Superbank.
AST SpaceMobile Stock Surges 26.5% as SpaceX IPO Buzz Lifts Space Sector
AST SpaceMobile shares surged 26.5% this week, closing at $105.86, as space stocks rallied on SpaceX IPO speculation. The company plans a mid-June launch for three BlueBird satellites.
HPE Shares Surge 10.6% as Elliott Stake and AI Networking Drive Gains
Hewlett Packard Enterprise (HPE) shares jumped 10.6% on Friday, closing at $37.58, as activist investor Elliott boosted its stake and the company's networking business surged 151.5%.
Transocean Shares Retreat From High as Market Awaits Next Moves
Transocean shares slipped 0.15% to $6.81 on Friday, retreating from a 52-week high of $7.66 as oil price volatility and Valaris merger scrutiny weigh on the driller.
SoundHound AI Dips Ahead of Memorial Day Lull
SoundHound AI (SOUN) shares fell to $8.17 Friday, their lowest since May 18, losing 2.9% for the week ahead of the Memorial Day holiday.
Rocket Lab Soars 8.2% on $90M Space Force Deal, Share Sale Plan in Focus
Rocket Lab shares jumped 8.2% to $135.76 after securing a $90 million Space Force contract and completing its ninth Electron launch, though a $3 billion share sale plan raises dilution concerns.
Super Micro Rallies as Chip Sector Rebounds, But Export Probe Looms
Super Micro Computer shares rose 6.34% to $35.58, gaining 14.6% for the week, as chip stocks rebounded. However, a Taiwan export probe into alleged illegal shipments of Nvidia chips adds fresh uncertainty.
POET Technologies Slips After $400M Financing, AI Hopes Remain
POET Technologies shares dropped 8.6% last week after a $400M financing. The company is betting on AI optical networking, but Q1 revenue was just $503,389.
Peloton Stock Jumps 10% on S&P SmallCap 600 Addition
Peloton shares rose 10.23% to $5.71 on Friday after S&P Dow Jones Indices announced the stock will join the S&P SmallCap 600 index, effective before Wednesday's open.