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Gold ETFs Attract $6.6B in April as Bullion Rebounds; Crowding Risk Emerges
Global gold ETFs attracted $6.6 billion in April, reversing March outflows, as spot gold climbed for a third day. GLD assets reached $156.3 billion, but analysts warn of crowding risk.
Hut 8 Secures $9.8B AI Data Center Lease, Shifts Focus from Bitcoin Mining
Hut 8 Corp. inked a 15-year, $9.8 billion lease for 352 MW of AI data-center capacity at its Beacon Point campus, advancing its pivot from bitcoin mining to AI infrastructure.
Beyond Meat Plunges 14% on Weak Q2 Forecast Amid Plant-Protein Rebrand
Beyond Meat shares tumbled 14% after the company projected Q2 revenue of $60-$65 million, below analyst expectations, as Q1 sales continued to decline.
Lennar's Expansion Plans Face Headwinds from Elevated Mortgage Rates
Lennar shares slipped 0.5% as the homebuilder accelerates new community launches despite high mortgage rates and a disappointing spring selling season.
BlackBerry's QNX Faces Pivotal Test in AI Robotics Expansion
BlackBerry's QNX unit demonstrates its OS for AI robotics, medical devices, and factory automation. Shares trade at $5.91, down 1.3%, with a $950 million royalty backlog.
Snowflake Shares Surge on Datadog Lift, AI Revenue Test Looms
Snowflake shares rose 10% to $153.21 after Datadog's raised forecast sparked a software rally. The stock is still down 35% YTD, with AI-driven demand key ahead of May 27 earnings.
Oklo Gains NRC Approval for Aurora Design, but Commercial Hurdles Remain
Oklo Inc. received NRC approval for its Aurora powerhouse design, halving the review time. Yet, the company has no built plants or binding power deals, and faces significant hurdles.
Fluence Energy Shares Soar 34% on Record $5.6B Backlog and Hyperscaler Deals
Fluence Energy shares surged 34% premarket on a record $5.6 billion backlog and hyperscaler deals, as the battery-storage firm reaffirmed its fiscal 2026 outlook.
Lumentum's AI Sales Surge 90% but Stock Falls on Revenue Miss
Lumentum's fiscal Q3 revenue surged 90% year over year to $808.4M, driven by AI demand, but the stock dropped 5% on a slight revenue miss and supply bottlenecks.
Whirlpool Shares Tumble 20% on Profit Warning, Dividend Suspension, and Iran Conflict Impact
Whirlpool shares fell 20% after cutting its 2026 profit outlook, suspending dividends, and blaming the Iran war for a sharp drop in U.S. appliance demand.
GM Recalls 40,440 Brake Fluid Bottles Over Sediment Contamination
General Motors is recalling 40,440 bottles of ACDelco brake fluid due to sediment that could impair braking, a potential safety hazard.
Oil Dips Below $100 as US-Iran Talks Progress, Gas Prices Remain Elevated
Brent crude dropped below $100 a barrel Thursday as the US and Iran moved toward a temporary halt in hostilities, though US gasoline prices remained near multi-year highs at $4.558 per gallon.