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GCT Semiconductor Shares Jump on Satellite 5G Platform Deal Ahead of Q1 Earnings
GCT Semiconductor shares rose to $1.88 after hours on a satellite reference-platform deal. Q1 earnings due May 12 with expected loss of 13 cents per share on $1.77M revenue.
Ramp Targets $40B Valuation in $750M Funding Round
Ramp is negotiating a $750 million funding round at a pre-money valuation exceeding $40 billion, with existing investors GIC and Iconiq Capital expected to co-lead.
Lumentum Joins Nasdaq-100 as AI Optics Demand Surges
Lumentum Holdings will enter the Nasdaq-100 on May 18, replacing CoStar Group. The optical components company's stock has surged 145% this year amid AI-driven demand.
IREN Shares Slide on $2 Billion Convertible Note Plan After Nvidia Deal
IREN Ltd. shares dropped 9.43% to $55.43 premarket Monday after announcing a $2 billion convertible note offering, following last week's Nvidia partnership. The company's Q3 revenue fell to $144.8 million with a net loss of $247.8 million.
Social Security Payments for May 2026: Schedule and Key Details
Social Security's May 2026 payment cycle starts May 13 for those born 1st-10th, with average retired worker checks at $2,081.16. The 2.8% COLA increase is partly offset by higher Medicare Part B premiums.
Applied Digital's Cloud Spin-Off ChronoScale Begins Trading; APLD Retains 97% Stake
Applied Digital's cloud unit ChronoScale (CHRN) started trading on Nasdaq, with APLD retaining 97% ownership. The spin-off aims to separate risk profiles, while APLD secured a $300M bridge loan for its North Dakota data center.
Silver Rally Nears $80, Awaits CPI Data for Direction
Silver trades near $80 as traders await U.S. CPI data. A break above $83 could signal further gains, while failure risks a drop toward $70.
Oklo Earnings in Focus After NRC Design Approval
Oklo Inc. reports Q1 earnings Tuesday, with analysts expecting a 19-cent loss, following NRC approval of key design criteria for its Aurora reactor.
Helport AI Shares Skyrocket 49% in Premarket on Heavy Volume
Helport AI shares jumped 49.1% to $1.47 in U.S. premarket trading Monday, with volume surging to 6.98 million shares. No new corporate news was released.
Soluna Holdings Gains SEC Nod for Share Resale Registration
Soluna Holdings secures SEC clearance for a resale registration of 2.4M shares, while advancing its renewable energy and bitcoin hosting projects.