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Baidu's AI Chip Arm Kunlunxin Pursues Dual Listing in Shanghai and Hong Kong
Kunlunxin, Baidu's AI chip unit, has initiated a Shanghai STAR Market IPO process while maintaining its Hong Kong listing plans, boosting Baidu shares by 5.75%.
ASX 200 Suffers Sharpest Fall in Seven Weeks on Oil Surge, Geopolitical Tensions
The S&P/ASX 200 fell 1.51% to 8,744.40, its steepest drop in seven weeks, as renewed U.S.-Iran fighting sent oil above $100 a barrel and erased nearly A$50 billion from the market.
Indian Markets Plunge as Brent Crude Breaches $100, Sensex Drops 665 Points
Indian equity markets tumbled on Friday as Brent crude topped $100 a barrel, with the Sensex falling 665 points and the Nifty slipping below 24,150. The rupee also weakened, adding to investor concerns.
Marvell Technology Drops 7% as AI Chip Rally Faces Key Earnings Test
Marvell Technology shares slid 7% as the AI chipmaker's rally hits a pause ahead of its May 27 earnings report, despite strong data-center demand and a $2 billion Nvidia investment.
Datadog Crosses $1B in Quarterly Revenue, Shares Surge on AI Demand
Datadog posted Q1 revenue above $1 billion for the first time, jumping 32% to $1.006 billion, and raised its 2026 sales forecast. Shares soared $45.02 to $188.73.
IREN Surges as Nvidia Bets $2.1B on AI Cloud Expansion
Nvidia invested up to $2.1 billion in IREN via a share warrant and a $3.4 billion AI cloud contract, sending IREN stock up 9%. The deal underscores the intense demand for GPU compute capacity.
Humana Stock Rally Tests Valuation as Profit Forecast Slips
Humana lowered its 2026 GAAP EPS forecast to at least $8.36, while its stock has surged over 25% in a month, pushing the P/E ratio above 26.
Mixed Lean Hog Futures Amid Strong Pork Export Sales
Lean hog futures showed mixed results Thursday, with front months declining while later contracts gained, as USDA reported strong pork export sales.
Oil Surge on Iran Tensions Drags US Futures Lower
US stock futures slipped as oil surged above $96 on renewed Iran conflict, stoking inflation fears. The S&P 500 fell 0.38%, with chip stocks declining, while Nvidia and Microsoft gained.
Innodata Shares Surge on Q1 Beat, AI Data Demand Drives Outlook Upgrade
Innodata shares surged 29% after hours as Q1 revenue and profit topped estimates, driven by a major new AI data contract that lifted the 2026 growth outlook to at least 40%.