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CRAQ News30 articles
Nokia Secures FCC Approval for Broadband Devices, Optical Market Poised for Growth
Nokia shares gained 3.37% in Helsinki after the FCC conditionally approved its Beacons and ONT devices. Dell'Oro Group predicts the optical transport equipment market will grow 16% in 2026, fueled by AI data centers.
Autonomous Trucking Sector Shifts to Paid Operations, Investors Eye Scalability
Aurora Innovation and Kodiak report paid driverless freight runs in Texas, while Waabi raises $750M. Investors focus on scalability and cost per mile.
Recursion Pharmaceuticals Hits New Low Amid Revenue Drop and FDA Watch
Recursion Pharmaceuticals shares fell to a 52-week low Tuesday after Q1 revenue dropped 56% year-over-year. The AI-driven biotech firm awaits FDA feedback on key trials.
Agilysys Stock Surges on Record Revenue and Strong Fiscal 2027 Forecast
Agilysys shares surged 16.7% in after-hours trading following record fiscal Q4 revenue and a fiscal 2027 outlook that exceeded current sales, bucking a weaker tech market.
Dow Inches Higher, Nasdaq Slips as Bond Yield Retreat Fails to Calm Markets
Stocks were mixed Monday as the Dow edged up but the Nasdaq fell, with bond yields pulling back from recent highs. Dominion Energy jumped on a $66.8B acquisition by NextEra, while Regeneron slid on a trial miss.
Bloom Energy Attracts Institutional Cash on AI Data Center Demand; Scalability Test Looms
World Investment Advisors and other institutions have taken stakes in Bloom Energy as the fuel-cell maker benefits from AI data center power demand. However, the company faces hurdles in scaling and execution.
Grab Faces Critical Week as Oil, Yields, and Indonesia Risks Mount
Grab shares fell 4.57% last week to $3.55, as rising oil prices and bond yields pressured the stock. Q1 revenue beat estimates, but Indonesia regulatory risks and macro headwinds remain.
Take-Two Stock Soars on GTA 6 Pre-Order Buzz Ahead of Key Earnings Call
Take-Two shares jumped 10% last week fueled by GTA VI pre-order speculation. Earnings on May 21 will be a critical test for the game's Nov. 19 launch.
FWONK Slips as Market Weighs Calendar Cuts and Corporate Shift
FWONK shares ended the week down 5.2% at $89.54 after Liberty Media's Nevada incorporation and a trimmed 2026 race calendar tempered strong Q1 results.
NuScale Power Faces Critical Monday After Steep Weekly Decline
NuScale Power shares dropped 6.88% Friday to $11.23, capping a 10.5% weekly loss. Citi cut its target to $7 (Sell), Northland to $19 (Outperform). Q1 revenue fell sharply; net loss widened.
Hyperscale Data Surges on $5M Tender Offer; 10-Q Filing in Focus
Hyperscale Data (GPUS) jumps on $5M tender offer at $0.21/share, as Q1 preliminary results show $44M revenue and $30M net loss. The delayed 10-Q filing is the next catalyst.
dLocal Net Profit Dips on Tax Charge Despite Record Payment Volume
dLocal reported a 10% drop in Q1 net profit to $41.9 million due to a $9.7 million tax adjustment, overshadowing record total payment volume of $14.1 billion and 55% revenue growth.
UiPath Shares Slide as AI Agent Launch Fails to Calm Earnings Jitters
UiPath shares dropped nearly 6% after launching a new AI coding agent integration, as investors await clearer demand signals ahead of the company's May 28 earnings call.
BofA Raises Coherent Target to $400 on AI Optical Demand
BofA increased Coherent's price target to $400, highlighting AI-driven demand for 800G and 1.6T optical transceivers. Revenue jumped 21% to $1.81B. Neutral rating kept.
Rocket Lab Shares Surge to All-Time High as Neutron Rocket Nears Critical Milestones
Rocket Lab shares closed at a record high after Q1 revenue jumped 63.5% to $200.3M, fueled by Neutron rocket orders and defense contracts. The stock has rallied over 40% in two sessions.
NuScale Stock Plunges on Q1 Revenue Miss and Citi Downgrade
NuScale Power shares tumbled 11.4% on Tuesday after Q1 revenue of $565,000 fell far short of the $7 million consensus. Citi slashed its price target to $7.
Merck Closes $53/Share Acquisition of Terns Pharmaceuticals, Stock Ceases Trading
Merck has finalized its $53-per-share cash acquisition of Terns Pharmaceuticals, causing Terns stock to stop trading on Nasdaq. The deal values Terns at $6.7 billion.
POET Technologies Stock Rises After Appointing New COO to Lead Manufacturing Scale-Up
POET Technologies shares jumped 2.95% to $14.31 after appointing Sandeep Kumar as COO to lead manufacturing scale-up in Malaysia. The stock outperformed a down market as investors focus on production execution.
Google Finance AI Goes Live Across Europe with Local Language Tools
Google rolls out its AI-enhanced Google Finance platform across Europe, providing local-language market tools and research capabilities as the financial data sector shifts toward conversational AI.
Work Medical Stock Skyrockets 206% on AI BioToken Pact, Then Plunges
WORK Medical Technology Group shares tripled on an AI partnership with Shanghai Novabioplus, then plunged 48% in premarket. The deal targets protein modeling and BioTokens but lacks financial details.
Intuitive Surgical Drops to 52-Week Low on Recall and Competition Fears
Intuitive Surgical shares fell to a 52-week low Monday after an FDA recall and lowered procedure growth forecasts, overshadowing a strong Q1 earnings beat.
FTSE 100 Drops as UK Bond Yields Spike Amid Political Turmoil
The FTSE 100 fell 0.48% as UK gilt yields hit multi-decade highs and political pressure mounted on PM Starmer. Banks led losses, with Barclays down 4%, while sterling weakened.
Intuitive Surgical Hits 52-Week Low on FDA Class I Recall, Tariff Worries
Intuitive Surgical shares dropped 6.6% to a 52-week low after the FDA classified a recall of its SureForm stapler reloads as Class I, citing four injuries and one death. Strong Q1 earnings were overshadowed by tariff and safety concerns.
NuScale Power Gains Despite Citi's $7 Target; Revenue Drops
NuScale Power shares rallied 4.3% to $13.09 Monday, even as Citigroup slashed its price target to $7. First-quarter revenue fell to $565,000, highlighting the need for binding contracts.
Applied Digital's Cloud Spin-Off ChronoScale Begins Trading; APLD Retains 97% Stake
Applied Digital's cloud unit ChronoScale (CHRN) started trading on Nasdaq, with APLD retaining 97% ownership. The spin-off aims to separate risk profiles, while APLD secured a $300M bridge loan for its North Dakota data center.
Eos Energy Stock Faces Critical Earnings Test After 26% Surge
Eos Energy Enterprises reports Q1 earnings on May 13 after a sharp rally. Revenue guidance of $56-57M and institutional buying from New Jersey pension fund and Vanguard set the stage.
BitMine Nears 5% ETH Supply Goal, May Scale Back Weekly Purchases
BitMine Immersion Technologies may slow its weekly ether purchases as it nears a target of owning 5% of ETH supply, Chairman Tom Lee said. The company holds 5.18 million ETH, 4.29% of supply.
Qnity Electronics Q1 Earnings: A Critical Test for AI Materials Rally
Qnity Electronics reports Q1 results before Tuesday's open, testing the AI chip-materials rally. Analysts expect adjusted EPS of 92 cents.
Paramount Skydance's $111B Warner Bros. Deal Faces New Regulatory Hurdles in California
California Democrats and press-freedom groups are urging regulators to scrutinize Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery, citing job losses and editorial independence issues.
Constellation Energy Q1 Earnings: AI Data Center Demand, Calpine Deal in Focus
Constellation Energy reports Q1 earnings Monday, with investors focused on AI data center power demand, Calpine integration progress, and the Three Mile Island restart timeline.