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Tempus AI Faces Pivotal May with Q1 Results and Inaugural Investor Day
Tempus AI reports Q1 results May 5 and holds its first investor day May 29, with Merck CEO highlighting the partnership. Stock trades near $55.44 with a $9.7B market cap.
Ciena Shares Face Valuation Check as $416 Target Highlights Priced-In AI Hopes
Ciena shares face a valuation reality check after Rothschild & Co Redburn set a $416 target, nearly 22% below the current price, as much of the AI networking optimism appears already priced in.
Cue Biopharma Rockets 91% on Allergy Drug License, CEO Change, and $30M Capital Raise
Cue Biopharma shares soared 91.4% after licensing Ascendant-221, a Phase 2 anti-IgE antibody, naming Shao-Lee Lin as CEO, and raising $30 million.
Sandisk Surges on $42B AI Storage Deals, $6B Buyback
Sandisk reported Q3 revenue of $5.95B, up 97% sequentially, and announced a $6B buyback. Five new customer agreements guarantee over $11B, covering a third of 2027 supply. Shares fell 6% despite the strong results.
Atlassian Surges 22% on AI-Led Cloud Growth, Easing SaaS Fears
Atlassian shares surged 22% after beating Q3 estimates and raising its annual forecast, driven by 29% cloud revenue growth and AI adoption, easing SaaS selloff fears.
Nokia Stock Surges to 16-Year High on AI-Driven Earnings Beat
Nokia's U.S.-listed shares rose to $13.62 after a 49% jump in AI and cloud sales boosted Q1 earnings, with comparable operating profit up 54% to €281 million.
Estée Lauder Shares Surge on Expanded Job Cuts and Upgraded Profit View
Estée Lauder raised its fiscal 2026 profit outlook and expanded restructuring, targeting 9,000-10,000 job cuts, as Q3 sales rose 5% to $3.71B. Shares surged about 7%.
Roblox Stock Tumbles 19% on Safety-Driven Growth Slowdown
Roblox shares plunged 19% after cutting its 2026 bookings forecast due to safety measures, despite Q1 revenue rising 39% to $1.44 billion.
Moderna Tops Q1 Revenue Forecast on International Covid Vaccine Sales, Hit by $900M Charge
Moderna's Q1 revenue surged to $389M on international Covid vaccine sales, but a $900M patent charge pushed net loss to $1.34B. Shares fell 2.7%.
Nvidia Secures Pentagon AI Deal Amid China Supply Challenges
Nvidia gains Pentagon approval for AI on classified networks, while China server prices near $1 million due to export curbs. The stock trades at $199.57.
Beyond Meat Shares Surge Ahead of May 6 Earnings Report
Beyond Meat shares surged 20.7% Thursday as volume tripled ahead of its May 6 earnings report, with the company recently regaining Nasdaq compliance.
Reddit Surges 16% on Strong Q2 Revenue Forecast, AI Ad Tools Drive Growth
Reddit shares jumped 16% in premarket trading after forecasting Q2 revenue above Wall Street estimates, driven by AI-powered ad tools and strong user growth.