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London stocks dip as oil surge, weak services data weigh
UK equities slipped as rising oil prices and weak services data offset gains from B&M and Howden Joinery.
Intel Faces Market Test After Computex AI Push
Intel shares fell 1.3% to $107.93 in premarket trading after Computex, as the company pitched its AI inference and agentic AI strategy amid fierce competition.
BlackBerry Stock Hits 52-Week High on QNX Optimism
BlackBerry shares hit a 52-week high after CFO Tim Foote declared the turnaround complete, with QNX driving growth. Earnings on June 25 will test revenue gains.
HPE Rallies on AI Demand, Outlook Boost; Analysts Raise Targets
HPE jumped 19.5% after raising its fiscal 2026 revenue growth outlook to 29-33% on record Q2 sales. Analysts boosted price targets as AI-driven server and networking demand surged.
Marvell Hits Record as Huang's Praise Fuels AI Chip Rally
Marvell Technology shares surged 32.5% to a record after Nvidia CEO Jensen Huang called it the next trillion-dollar company, driving a broader chip rally. The stock now trades near 100 times earnings, with high expectations for AI-driven growth.
Nubank Stock Tumbles on CFO Change and Credit Quality Fears
Nu Holdings shares dropped 8.16% after the company named former Visa executive Rob Livingston as CFO and BofA Securities downgraded the stock, highlighting credit quality risks.
Laser Photonics Stock Surges on Anti-Drone Evaluation, Listing Risk Looms
Laser Photonics shares soared 161% Tuesday and another 27% premarket after its Laser Shield Anti-Drone system was chosen for a defense technical exchange, but the news is an evaluation milestone, not a contract, and a Nasdaq filing issue still threatens its listing.
Nvidia's Market Cap Nears $5.4 Trillion as Marvell Surges on AI Endorsement
Nvidia shares eased in premarket trading Wednesday, pausing after recent AI-driven gains, as Marvell Technology surged following CEO Jensen Huang's endorsement. Investors await Broadcom results and key economic data.
Snap Shares Fall as Market Rises, Turnaround Doubts Linger
Snap Inc. shares fell 1.5% to $5.76, lagging the broader market, as investors question the turnaround amid sluggish ad growth and upcoming Specs update.
Infleqtion Surges on UK Quantum Expansion and Sponsorship Deal
Infleqtion shares surged 12.4% on Tuesday after unveiling a Gold Sponsorship of Quantum Fringe 2026 and new UK quantum collaborations, outpacing sector peers.