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Destiny Tech100 Surges on SpaceX IPO Buzz, Premiums Soar
Destiny Tech100 shares surged 21% to $54.60 on Friday, fueled by SpaceX IPO anticipation. The closed-end fund now trades at a 173% premium to its NAV.
Redwire Soars 20% on Record Backlog, ATM Offering Raises Dilution Concerns
Redwire shares jumped 20% on a record $498.1M backlog and reaffirmed 2026 revenue outlook, but a $350M stock offering plan tempers investor enthusiasm.
JFrog Shares Soar 24% as AI Coding Surge Drives Cloud Revenue Growth
JFrog shares surged 23.7% to $70.55 after Q1 revenue rose 26% to $154M, cloud revenue jumped 50%, and the company raised its 2026 outlook.
HP Stock Surges Ahead of Earnings as AI PC Hype Meets Margin Pressure
HP Inc. shares jumped 8% to $22.68 on Friday, rebounding ahead of its fiscal Q2 earnings report on May 27, with AI PC demand and rising memory costs in focus.
Peso Strengthens to 3-Week High as Dollar Weakens Despite Strong US Jobs Data
The Mexican peso surged to a three-week high near 17.19 per dollar on Friday, driven by a weakening dollar even after stronger-than-expected US jobs data. Banxico cut rates by 25 bps to 6.50% and signaled an end to its easing cycle.
AST SpaceMobile Switches to SpaceX After BlueBird Setback, Aims for Mid-June Launch
AST SpaceMobile will launch three Block 2 BlueBird satellites via SpaceX in mid-June, following the loss of BlueBird 7 on Blue Origin's New Glenn. The company maintains its 2026 rollout target, with shares up nearly 15% to $75.05.
Cisco Shares Rally Ahead of Key Q3 Earnings as AI Revenue Conversion Takes Center Stage
Cisco shares jumped 4.7% to $96.52 ahead of its fiscal Q3 earnings on May 13, with analysts eyeing AI order conversion and margin performance.
Wall Street Hits New Highs on Tech Surge; Dow Flat Despite Jobs Data
The S&P 500 and Nasdaq hit record highs Friday, driven by AI and semiconductor stocks, while the Dow Jones barely budged after a solid jobs report.
AI Rally Drives S&P 500 and Nasdaq to New Highs Despite Oil Price Surge
The S&P 500 and Nasdaq closed at record highs Friday, driven by AI chip stocks and a better-than-expected April jobs report, even as oil prices climbed. Nvidia, Micron, and SanDisk posted strong gains.
Hims & Hers Health Gears for Earnings Amid Weight-Loss Drug Shifts
Hims & Hers Health shares surged 9.3% to $28.03 ahead of its May 11 earnings report, with options pricing a 14.8% move. The company is navigating FDA rules on compounded weight-loss drugs.