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Coherent Bounces Back as AI Data Center Demand Drives Capacity Expansion
Coherent shares rebounded 5.03% to $335.26 on Friday, recovering from a post-earnings slide, as AI data-center demand and a $2 billion Nvidia deal drive capacity expansion.
AST SpaceMobile Set for Q1 Report After FCC Clearance and Satellite Launch Setback
AST SpaceMobile reports Q1 results Monday after a 14.8% stock rally. The FCC approved its 248-satellite direct-to-device network, but a BlueBird 7 launch failure tests deployment timelines.
Uber's Robotaxi Ambitions Face Scrutiny After NHTSA Probe Into Avride Crashes
U.S. regulators are investigating 16 crashes involving Avride autonomous vehicles linked to Uber's platform, raising safety concerns. Uber shares fell 1.7% as Lime filed for IPO.
Hut 8's $9.8B Texas AI Lease Signals Pivot from Crypto Mining
Hut 8 Corp. unveiled a $9.8 billion, 15-year AI data center lease in Texas, driving broker price targets higher as the company pivots from crypto mining to AI infrastructure.
Samsung Faces Pivotal 48-Hour Mediation as AI Chip Profits Spark Labor Dispute
Samsung Electronics faces two days of government-backed wage mediation, with the union threatening an 18-day strike if demands for a 15% profit bonus are not met.
Planet Labs Surges 11% on Greek Satellite Imaging Deal, Signaling EU Demand
Planet Labs shares surged 10.8% after a two-year, seven-figure contract with Greece's National Satellite Space Project, signaling growing European demand for satellite imagery.
Nokia Rebounds on AI Demand, Faces Sustained Rally Test
Nokia's shares rose over 3.8% Friday, recovering from a steep Thursday drop, as strong AI and cloud sales lift sentiment. The company maintains its profit outlook and raises 2026 growth targets.
Penguin Solutions Insider Sale Emerges Amid AI-Fueled Rally
Penguin Solutions SVP Joseph Clark files to sell 4,649 shares worth $181,218. The disclosure comes as PENG stock surges 13.5% to a 52-week high, with AI infrastructure growth offsetting Q2 revenue decline.
Air Canada Scraps Four US Routes Early as Fuel Costs Surge
Air Canada is ending four seasonal US routes early this summer, citing high jet fuel costs. The airline also withdrew its 2026 financial outlook.
