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US Retail Sales, Jobless Claims in Focus After Inflation Data Surprise
April retail sales and weekly jobless claims are set for release at 8:30 a.m. EDT, with import-export prices and business inventories also due.
Innoviz Secures LiDAR Deals with Kela Technologies Ahead of Q1 Earnings
Innoviz Technologies secures a framework deal with Kela Technologies for up to thousands of InnovizTwo LiDAR sensors for defense, plus a software agreement with an autonomous driving firm, ahead of Q1 earnings.
Cerebras IPO Prices at $185, Raising $5.55 Billion in Year’s Largest Debut
Cerebras Systems priced its IPO at $185 per share, raising $5.55 billion and valuing the AI chipmaker at $56.43 billion. Shares begin trading May 14 on Nasdaq under CBRS.
Alibaba's AI Cloud Bet Drives Stock Surge Amid Profit Dip
Alibaba's cloud revenue surged 38% to 41.63 billion yuan, fueling a stock rally even as operating profit swung to a loss of 848 million yuan, highlighting the AI investment trade-off.
NIO Shares Surge on L80 Debut Anticipation Amidst China EV Slowdown
NIO shares rose over 4% in Hong Kong ahead of the ONVO L80 launch. April deliveries grew 22.8% YoY to 29,356 units, even as China's car market contracted.
Ondas Shares in Focus as Rotron Completes SkyLance Drone Test Ahead of Q1 Results
Ondas Inc.'s UK subsidiary Rotron successfully completed a firing test of its SkyLance long-range strike drone, boosting momentum ahead of the company's Q1 earnings release on May 14.
Robo.ai Shares Rally 100% on NeuroStream Launch, But Questions Linger
Robo.ai shares surged 100% after Neurovia AI launched NeuroStream, a video compression platform claiming 95% data reduction. The rally comes amid a $100M stock acquisition deal and a 92% revenue decline.
Marvell Technology Soars on Analyst Upgrades Ahead of AI Networking Earnings
Marvell Technology shares jumped 8.18% to a 52-week high after analysts raised price targets above $200, driven by AI data-center networking demand. The company reports fiscal Q1 2027 earnings on May 27.
Ford Surges 13% as Energy Storage Unit Sparks Investor Interest
Ford shares jumped 13% on Wednesday, their best day in six years, after Morgan Stanley spotlighted the automaker's new energy storage business, Ford Energy.
Nokia Stock Soars on Cisco’s AI Infrastructure Orders and New Product Launch
Nokia shares jumped 10% in Helsinki after Cisco reported $5.3 billion in AI orders, fueling demand for network equipment. The company also launched AI tools and appointed a new mobile infrastructure president.
UK Aerospace Firm Senior PLC Holds Steady Amid Market Volatility; Vistry Group Plunges
Senior PLC (SNR.L) remains stable at 285.5 GBp with solid fundamentals, while Vistry Group shares tumble 11.5% after suspending buybacks and issuing a profit warning.