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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.
Nokia Taps Siemens Executive to Lead Mobile Unit as AI Drives Rally
Nokia Oyj hires Siemens executive Emma Falck to head Mobile Infrastructure as Q1 profit surges 54% and AI/cloud sales jump 49%, lifting shares 5.5%.
VNET Shares Soar After CATL-Linked Group Agrees to Acquire 38% Stake
VNET Group shares jumped over 30% after PJ Millennium entities, linked to a CATL affiliate, agreed to purchase up to 38.1% of the company in a $942 million deal.
WeRide Revenue Surges 57.6% in Q1, but Robotaxi Costs Drag Stock Down 7.1%
WeRide's Q1 revenue hit a record RMB114.1M, up 57.6% YoY, yet shares dropped 7.1% premarket as net loss widened to RMB389.1M. Robotaxi fleet grew to ~1,300 vehicles.
SoftBank's OpenAI Bet Drives Record Annual Profit, But Financing Questions Loom
SoftBank's net profit more than tripled in Q4 to ¥1.83 trillion, fueled by gains from its OpenAI investment. The full-year profit hit a Japanese record, but the company faces a cash test as it funds a $64.6 billion commitment.
Crypto Kiosk Ban Wave Grows as $389M in Scam Losses Draw Regulatory Fire
Spokane Valley has ordered all crypto ATMs removed within 30 days after police linked them to fraud and a suicide. The FBI reported $389 million in scam losses in 2025, driving a wave of state bans.
