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GameStop Shares Dip as Trade-In Promotion Ends, Valuation Questions Loom
GameStop shares slipped 1.6% to $25.24 after a promotional trade-in deal ended, reigniting debate over the company's valuation and its transition to collectibles.
IBM Sales Beat but AI Anxiety Drags Software Stocks Lower
IBM shares tumbled 9.5% despite beating Q1 earnings estimates, as fears that AI tools could erode its software and consulting businesses rattled investors. ServiceNow fell 17.5% and the iShares Expanded Tech-Software ETF lost 5.6%.
Lululemon Stock Drops 12% on CEO Appointment from Nike
Lululemon shares plunged 12% after appointing Heidi O'Neill, a former Nike executive, as CEO. The move comes as the company faces weak U.S. sales and a proxy fight.
Palantir Shares Dip 5% Despite Major USDA Contract; Software Sector Slumps
Palantir shares dropped 5.4% to $144.41 Thursday, overshadowed by a broad software selloff triggered by IBM and ServiceNow results, despite winning a $300 million USDA contract.
Micron Stock Slips from Record as SK Hynix Profit Surge and Export Curbs Loom
Micron Technology shares slipped 2.2% from a record close as SK Hynix reported record profit and AI memory demand exceeds supply. Congress weighs tighter export controls on Chinese rivals.
IBM Shares Tumble 9.9% Despite Q1 Beat as Flat Forecast, AI Worries Weigh
IBM shares fell 9.9% despite beating Q1 estimates, as a flat 2026 forecast and slowing software growth fueled investor concerns over AI's impact.
FirstEnergy Ohio Rate Plan to Raise Monthly Bills by Up to $5.30
FirstEnergy's Ohio utilities plan to file a three-year rate proposal by May 22, aiming to fund $800M in annual grid improvements and $83M for tree trimming, which could increase monthly bills by $4.26-$5.30 for typical households.
American Airlines Q1 Revenue Record, but $4B Fuel Cost Surge Hits 2026 Outlook
American Airlines posted record Q1 revenue but slashed its 2026 profit outlook due to a $4 billion fuel cost surge. Shares fell 28 cents premarket.
Lockheed Martin Q1 Earnings Miss as F-16 and C-130 Delays Hit Margins
Lockheed Martin's first-quarter earnings missed estimates as delays in F-16 and C-130 programs squeezed margins, sending shares down 2.8% premarket.
Amazon's Anthropic Deal Boosts Stock, AWS Growth in Focus
Amazon shares rose 2.18% after expanding its Anthropic partnership, with Amazon investing up to $25 billion and Anthropic committing over $100 billion to AWS. All eyes are on Q1 earnings on April 29.