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IREN's AI Pivot Faces Key Test as Q3 Earnings, Microsoft Deal Loom
IREN Limited reports fiscal Q3 earnings on May 7, with investors focused on AI data center expansion, a $9.7 billion Microsoft deal, and $6 billion share dilution risk.
Swiss National Bank Defends Palantir Stake Amid Activist Pressure
Swiss National Bank Chairman Martin Schlegel defended the central bank's $1.1 billion holding in Palantir Technologies after activists called for divestment over ICE contracts.
Skillz Surges on $420M Papaya Verdict, Then Tumbles as Reality Sets In
Skillz shares soared 238% on a $420M jury verdict against Papaya Gaming, then dropped 25% pre-market as the market digested the company's $70.4M net loss.
Lucid Shares Hit Record Low Despite Uber-Backed $1.05B Funding
Lucid shares tumbled 9.26% to $6.27, a new low, as a $1.05B funding package from Uber and Saudi PIF failed to ease dilution concerns.
AMD Surges Past $500 Billion Market Cap on AI-Driven CPU Demand
AMD shares jumped over 7% in premarket trading Friday, pushing its market cap past $500 billion, as Intel's strong AI CPU demand fueled optimism ahead of AMD's May 5 earnings.
Intel Stock Surges on AI Data Center Demand and Tesla Foundry Win
Intel shares surged 28% premarket after forecasting Q2 revenue above estimates, driven by AI data center demand for CPUs and a Tesla foundry deal.
Wren Kitchens Shutters All US Operations, Layoffs in Pennsylvania
Wren US Holdings has closed all US showrooms and studios, leading to layoffs in northeastern Pennsylvania, reversing a 2020 expansion that promised 360 jobs.
FirstEnergy Ohio Rate Plan Could Add $5 to Monthly Bills
FirstEnergy's Ohio utilities are set to file a three-year rate plan by May 22 that could raise typical residential bills by $4.26 to $5.30 per month annually.
Oklo Stock Surges as Nvidia Partners on AI Nuclear Fuel Project
Oklo shares jumped 5.5% to $76.46 after revealing a collaboration with Nvidia and Los Alamos National Laboratory on AI-driven nuclear fuel validation, highlighting growing data center energy needs.
Silver Dips Below $75 as Dollar Strength and Oil Surge Weigh on Metals
Silver slipped 0.7% to $74.88 as a stronger dollar, rising yields, and Brent crude at $107 pressured metals. CME lowered silver futures margins to 11%, while India MCX futures fell 1%.
XRP ETF Momentum Tested as GraniteShares Delays Leveraged Product Launch
XRP traded at $1.43 as GraniteShares delayed its 3x leveraged XRP ETF to May 7. Spot ETF inflows continue, but the token struggles to break resistance.
Bitcoin Holds Near $78K as ETF Inflows Offset Oil and Dollar Headwinds
Bitcoin hovers near $77,500 as $223.3M in ETF inflows support prices, but rising oil and a stronger dollar cap gains. Ethereum ETFs see $75.9M outflows.