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Sivers Semiconductors Restates Losses, Delays Q1 Report Amid Nasdaq Dual-Listing Plans
Sivers Semiconductors restated its 2024 and 2025 accounts with wider losses and delayed its Q1 report to May 29 as it prepares for a potential Nasdaq New York dual listing.
Crypto Stocks Surge on Senate Committee's Digital Asset Bill Vote
Shares of Coinbase, Robinhood, and Strategy rose about 5% after a Senate panel voted 15-9 to advance a crypto market-structure bill. Bitcoin traded near $80,623.
Sandisk Warns Investors Against Below-Market Mini-Tender Offer
Sandisk advises rejecting Tutanota's unsolicited $1,150 per share mini-tender, significantly below the $1,382.72 closing price, citing below-market value.
Applied Materials Soars on AI Demand, Record Revenue, Upbeat Guidance
Applied Materials reported record quarterly revenue and earnings, driven by AI chip demand, and issued a strong Q3 forecast. Shares gained 3% in after-hours trading.
Nu Holdings Reports Record Revenue, Credit Concerns Mount
Nu Holdings reported record Q1 managerial revenue above $5 billion and net income of $871.4 million, but credit-loss allowances rose 33% to $1.79 billion and early delinquencies increased to 5.0%.
POET Technologies Surges 43% on $50M AI Optics Order from Lumilens
POET Technologies shares surged 43% after Lumilens placed a $50 million initial order under a new AI networking partnership, with potential to exceed $500 million over five years.
Cerebras Shares Rally Further After Record 68% IPO Debut
Cerebras Systems shares climbed 5.7% in early Friday trading after closing 68% above their IPO price in Thursday's Nasdaq debut, making it the largest U.S. IPO of 2026.
Senate Panel Advances Crypto Bill, Bitcoin Holds Above $80K
The Senate Banking Committee moved the Digital Asset Market Clarity Act forward with a 15-9 vote, pushing Bitcoin near $80,837 and lifting Coinbase, Robinhood, and Strategy shares by about 5%.
AI Orders, China Policy, and Drug Data Drive Friday's Market Action
Cisco cuts nearly 4,000 jobs and raises revenue forecast on $5.3B in AI orders. Nvidia shares sensitive to China policy as H200 shipments approved but not delivered. Cerebras IPO debuts at $350. Boeing falls on lower China jet pledge. Biogen advances Alzheimer's drug despite mixed trial.
Oil Price Surge Revives ECB Rate Hike Bets, European Stocks Slide
European stocks declined Friday as stalled US-Iran talks pushed oil prices higher, reigniting inflation fears and expectations for ECB rate hikes. The STOXX 600 fell 0.8%.
Silver Tumbles Below $80 as Oil Rally Fuels Dollar Strength
Silver slid below $80 on Friday, dropping 5.9% to $78.53 as oil's rally drove up the dollar and yields, eroding support for non-yielding metals.
