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Ondas Shares Dip as SkyLance Demo Precedes Q1 Report, Mistral Filing Weighs
Ondas shares fell 12 cents to $8.92 after a SkyLance test and a resale filing for 2.77 million shares from the Mistral deal. Q1 earnings are due Thursday.
Gold Extends Decline as Hot US Inflation Strengthens Rate-Hike Bets
Gold fell 0.6% to $4,686.99 as hot US inflation data bolstered bets on higher interest rates, while India's tariff hike sent local gold futures up 7.2%.
UiPath Shares Slide as AI Agent Launch Fails to Calm Earnings Jitters
UiPath shares dropped nearly 6% after launching a new AI coding agent integration, as investors await clearer demand signals ahead of the company's May 28 earnings call.
Wolfspeed Surges 21% on AI Power Chip Endorsement from Citrini
Wolfspeed shares surged 21% to $65.13 after Citrini Research endorsed its silicon carbide chips for AI data-center power management, though the company continues to report losses.
Microsoft's LinkedIn to Cut 5% of Workforce Amid Revenue Growth
LinkedIn will lay off about 5% of its staff, affecting marketing, engineering, and product roles, even as the platform reports 12% revenue growth and over 1.3 billion members.
Ford Surges 8.5% as Morgan Stanley Highlights Energy Storage Unit's Potential
Ford shares surged 8.5% to $13.01 after Morgan Stanley flagged its CATL-licensed energy storage unit as a potential profit engine, with estimates of $500-$600 million annual EBIT.
Cerebras IPO Skyrockets with Overwhelming Demand, Targeting $50B Valuation
Cerebras Systems is set to price its IPO above the $150-$160 range due to massive demand, with orders 20 times available shares, targeting a $50 billion valuation.
AMD's Small Stake in Marvell Highlights AI Chip Sector's Momentum
AMD disclosed a modest stake in Marvell Technology, valued at $6.49 million in March, now worth ~$11.8 million. The news highlights Marvell's AI data-center focus and analyst optimism.
NIO Shares Rally as ES8 Sales Surge, Boosting Profit Outlook
NIO shares jumped 43.5 cents to $6.515 after April deliveries rose 22.8% to 29,356 vehicles, with the ES8 SUV accounting for 44% of volume. Q1 results are due May 21.
Plug Power's Q1 Revenue Surge Masked by Deepening Cash Burn
Plug Power's Q1 revenue rose 22% to $163.5M, but net loss widened to $245.3M and cash burn increased, overshadowing the top-line beat.