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Dow Plunges 450 Points as Strait of Hormuz Tensions Fuel Oil Surge
The Dow dropped nearly 450 points Monday as oil surged 5% on Strait of Hormuz tensions. Amazon's logistics expansion hit UPS and FedEx, while GameStop launched a $56B bid for eBay.
Nokia Stock Surges to 17-Year Peak on AI Data Center Strategy Shift
Nokia shares jumped 6.3% to a 17-year high on Monday, driven by a strategic focus on AI data centers and a deal to sell its fixed wireless access unit.
BigBear.ai Faces Credibility Test as Q1 Earnings Loom Amid Dilution Fears
BigBear.ai shares rose 2.2% to $4.23 ahead of Q1 earnings, with options pricing a 19% move. Investors remain wary after a 38% Q4 revenue drop and a doubling of authorized shares.
Amazon Opens Logistics Network to All Businesses, FedEx Shares Slide 9%
Amazon's new supply chain service, opening its logistics network to all businesses, sent FedEx shares down 9% and UPS down nearly 10%.
IREN Shares Surge 10% on Sweetwater 1 Data Center Power Milestone
IREN Ltd shares rose more than 10% Monday after the company announced its Sweetwater 1 data center in Texas was energized and connected to the ERCOT grid, a key milestone ahead of its fiscal third-quarter earnings.
Walmart vs Costco: Ad Revenue Surge Reshapes Retail Stock Battle
Walmart's ad business surges 46% to $6.4B, while Costco's membership renewals stay above 89%. The stock fight highlights shifting profit engines.
Super Micro Q3 Earnings: AI Demand Meets Margin Squeeze
Super Micro Computer reports fiscal Q3 earnings May 5, with options pricing a 12.55% swing. Investors focus on margins, cash flow, and export-control risks amid surging AI server demand.
Clene Soars on FDA Nod for Accelerated ALS Drug Submission
Clene shares jumped after FDA feedback suggested its ALS drug data could support an accelerated approval filing. The company plans to submit in Q3 2026.