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Eminence Capital to Close After 27 Years, Return $5.9 Billion
Eminence Capital, founded by Ricky Sandler, is closing after 27 years, returning $5.9 billion to investors by late June amid poor returns and rising expenses.
Hims & Hers Surges on JPMorgan Upgrade and GLP-1 Expansion
Hims & Hers stock jumped 9% after JPMorgan gave an overweight rating and $35 target. The company now offers Eli Lilly's Zepbound and Foundayo through LillyDirect.
Constellation Energy Surges Despite Regulatory Challenge to Three Mile Island Restart
Constellation Energy shares jumped 7.2% despite a regulatory filing urging FERC to deny a waiver for the Crane nuclear restart, which is crucial for a 2027 Microsoft data center deal.
Western Union Q1 Profit Plunges 48%, Digital Growth Fails to Offset Retail Drag
Western Union's Q1 profit sank 48% to $64.7M, missing estimates, as retail remittance weakness offset digital gains. Revenue was flat at $982.7M.
Atomera Surges on Synopsys GaN Chip Modeling Deal
Atomera shares surged 49% to $9.20 after expanding its Synopsys partnership for GaN device modeling, with trading volume exceeding 24 million shares.
CoreWeave CEO Cashes Out $35.8M Amid AI Cloud Rally
CoreWeave CEO Michael Intrator sold $35.8 million in shares this week, while the company announced major customer deals and debt financing.
StoneCo Shares Tumble 16% After Ex-Dividend Date for $2.53 Special Payout
StoneCo (STNE) shares dropped 16.3% to $12.18 on Friday after trading ex-dividend for a $2.53 special cash dividend, totaling R$3.08 billion. The payout follows the sale of Linx and 2025 earnings growth.
Cadence Stock Rebounds on TSMC AI Chip Partnership Ahead of Q1 Earnings
Cadence shares bounced back 5.2% Friday after deepening its AI chip design partnership with TSMC. The company reports Q1 earnings Monday, with analysts eyeing $1.453B revenue.
Taiwan Eases Stock Limits, TSMC Hits Record High
TSMC shares closed at a record NT$2,185 in Taipei after Taiwan eased single-stock limits for local equity funds and active ETFs, allowing up to 25% investment in the chipmaker.
AEye Surges on Analyst Upgrade as Lidar Turnaround Hopes Grow
AEye surged over 30% after Craig-Hallum initiated coverage with a buy rating and $3.50 target, spotlighting a potential turnaround. The lidar maker faces revenue challenges but adds new operations head.
Nasdaq Hits Record as Intel AI Outlook Fuels Chip Rally, Dow Dips
The Nasdaq hit a new intraday high Friday as Intel's strong Q2 outlook sparked a broad chip rally, while the Dow slipped. Consumer sentiment hit a record low, keeping inflation worries front and center.
Snowflake Shares Tumble as AI Initiatives Face Software Sector Headwinds
Snowflake shares dropped 5.5% to $138.42, pressured by a software sector selloff and a class-action deadline. The company is expanding its AI offerings, but investors remain cautious about AI's effect on revenue.