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Crude Edges Down as Market Weighs Hormuz Risks Against Demand Concerns
Brent crude fell 0.2% to $107.58 and WTI dropped 0.4% to $101.79 after a three-day rally, as traders weighed Middle East ceasefire talks and the Trump-Xi meeting.
Micron Rebounds on AI Demand, China Trade Hopes, and BofA Upgrade
Micron Technology shares rose 5.93% premarket to $812.06 after BofA raised its price target to $950, citing AI-driven memory demand and the CEO joining Trump's China trade delegation.
IREN's $2.6B Convertible Note Sale Puts Nvidia AI Pivot to the Test
IREN upsized its convertible-note offering to $2.6 billion after announcing an AI infrastructure plan with Nvidia. The deal includes a five-year option for Nvidia to buy up to 30 million IREN shares at $70 each.
Space Force Contract Win Propels Intuitive Machines Shares Higher Ahead of Earnings
Intuitive Machines shares jumped 8.35% in premarket trading after securing a spot on the U.S. Space Force's Andromeda contract, with a raised ceiling of over $6.2 billion, ahead of Thursday's earnings report.
Record Orders Propel NKT Shares to All-Time High
NKT shares surged 6.45% to a new record after posting strong Q1 earnings and a massive order intake, lifting its Transmission backlog to €13.5 billion.
Alibaba's AI Spending Faces Profitability Test Ahead of Earnings
Alibaba's ADRs edge up in premarket as investors await fiscal Q4 results. Revenue expected to rise to 282.44B yuan, but net profit projected to fall to 11.71B yuan.
JD.com Surges on Retail Margin Strength, Food-Delivery Losses Narrow
JD.com shares jumped 8.3% in Hong Kong as Q1 revenue and adjusted profit topped expectations, with retail margin expansion and reduced food-delivery losses offsetting a 53% net income drop.
Wolfspeed Shares Surge as Debt Reduction and Short Squeeze Fuel Rally
Wolfspeed shares surged 6.8% to $53.72, with premarket trading hitting $77.00, as investors focus on debt reduction and high short interest despite negative gross margins.
Ouster Shares Rally on NVIDIA Lidar Qualification, But Valuation Questions Loom
Ouster shares jumped 6.1% in premarket after its Rev8 lidar sensors qualified for NVIDIA's DRIVE Hyperion platform, though no purchase order was announced. Q1 revenue hit $49 million with a net loss of $17.5 million.