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Dow Rebounds as Oil Slide Offsets Strait of Hormuz Jitters
The Dow gained 265 points as falling oil prices and strong earnings from Caterpillar, 3M, and DuPont lifted markets, despite ongoing geopolitical risks.
Lumentum Shares Surge as Analysts Boost Targets Ahead of Earnings
Lumentum shares rose 4% to $1,016 as analysts raised price targets ahead of fiscal Q3 earnings, with the stock up 1,444% over the past year.
Sterling Infrastructure Surges on Data Center Demand, Revenue Jumps 92%
Sterling Infrastructure shares surged nearly 47% after Q1 revenue soared 92% to $825.7 million, driven by data center and semiconductor projects. The company raised its 2026 revenue forecast to up to $3.8 billion.
DigitalOcean Shares Surge 36% on Raised Revenue Forecasts Driven by AI Cloud Demand
DigitalOcean shares soared 36% after lifting its 2026 and 2027 revenue outlook, citing surging AI workload demand and larger customer deals. Q1 revenue climbed 22% to $258 million.
Digi Power X Stock Soars on $1.1B AI Data Center Deal with Cerebras
Digi Power X shares jumped 30% on a $1.1 billion, 10-year deal with Cerebras to host a 40-MW AI data center in Alabama, with potential value up to $2.5 billion.
Pilots' Praise for United Merger Idea Heightens Pressure on American Airlines
American Airlines pilots union called United CEO Scott Kirby's rejected merger a 'bold vision,' raising pressure on American's board but stopping short of endorsing a deal. Antitrust hurdles persist.
SanDisk Surges on AI Storage Demand, but Earnings Call Hints at Slowing Price Gains
SanDisk shares rose 9.3% to $1,372.33 after a stellar Q3, but the earnings call hinted that rapid price increases may be cooling.
Take-Two Shares Dip as GTA VI Pricing Speculation Heats Up Ahead of Earnings
Take-Two shares slipped 1% as Wall Street debates an $80 price tag for GTA VI. CEO Zelnick calls expectations 'exciting and terrifying.' The company reports earnings May 21.