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Plug Power Shares Dip Premarket Amid Cash Concerns as Turnaround Takes Shape
Plug Power shares edged lower premarket as investors weigh Q1 revenue growth and narrowed losses against persistent cash burn concerns. CFO Paul Middleton is set to speak at RBC Capital Markets event.
Fluence Energy Surges 44% on Nvidia Data Center Power Deal
Fluence Energy surged 44% to $27.15 after Siemens named it in a new AI data center power architecture with Nvidia and nVent, linking the battery storage firm to the AI power trade.
Meta Stock Drops 5% as Wall Street Questions $145B AI Capex Plan
Meta shares slid 5.1% to $600.47 as investors questioned its massive AI spending plan. Alphabet's $80 billion AI move intensified focus on Big Tech capex.
Alibaba Surges 6.5% as AI Adoption Fuels Hong Kong Tech Rally
Alibaba shares surged 6.5% in Hong Kong to HK$130.80, leading a tech rally as investors pivot to AI adoption. Cloud revenue jumped 38%, but adjusted EBITA tumbled 84% due to AI and cloud spending.
HPE Soars on Record AI Demand, Full-Year Forecast Upgrade
HPE stock jumped 28.7% premarket after smashing Q2 estimates with $10.7B revenue and 79¢ EPS, fueled by record AI server and networking demand, prompting a raised fiscal 2026 forecast.
Marvell Technology Surges as New AI Networking Chip Attracts Investor Interest
Marvell shares surged nearly 7% after unveiling the Teralynx T100 switch chip for AI data centers. The company also raised its long-term revenue outlook and posted better-than-expected Q1 results.
Nokia Shares Surge on AI Demand and Insider Buying
Nokia shares rose 5.24% in Helsinki after a 49% jump in Q1 AI & cloud sales and an insider purchase of 44,682 NYSE shares.
Bitcoin Slips Below $70K After Strategy's First-Ever BTC Sale
Bitcoin dropped under $70,000 after Strategy disclosed its first bitcoin sale, while U.S. spot bitcoin ETFs posted 11 straight days of redemptions totaling $3.45 billion.
Anthropic Takes Confidential Step Toward Public Listing Amid AI Boom
Anthropic has confidentially filed for an IPO, revealing its $965 billion valuation and $47 billion run-rate revenue. The move positions it ahead of rivals like OpenAI in the race to public markets.
SpaceX to Offer Early IPO Sale to Insiders Ahead of Record $75 Billion Listing
SpaceX is offering 5% of its IPO shares to select employees and insiders without standard lock-up restrictions, targeting a $75 billion raise at a $1.75 trillion valuation.
Anthropic Takes Lead in AI IPO Race with Confidential Filing
Anthropic has filed a confidential draft registration for an IPO, moving ahead of OpenAI. OpenAI is preparing its own filing with Goldman Sachs and Morgan Stanley.