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EXPI News30 articles
Nvidia's Multi-Billion Dollar Prepayment Fuels Corning's AI Data Center Expansion
Nvidia has prepaid Corning several billion dollars to fund new U.S. factories, expanding optical fiber production for AI data centers and boosting Corning's long-term sales targets.
Wynn Resorts Shares Slide on UAE Delay and $900M Macau Expansion
Wynn Resorts stock dropped 6.7% Friday despite beating Q1 profit estimates, as a delayed UAE opening and a $900M+ Macau expansion raised capital concerns.
IREN Surges as Nvidia Bets $2.1B on AI Cloud Expansion
Nvidia invested up to $2.1 billion in IREN via a share warrant and a $3.4 billion AI cloud contract, sending IREN stock up 9%. The deal underscores the intense demand for GPU compute capacity.
Mixed Lean Hog Futures Amid Strong Pork Export Sales
Lean hog futures showed mixed results Thursday, with front months declining while later contracts gained, as USDA reported strong pork export sales.
Palo Alto Networks Warns of Active Exploitation in PAN-OS Firewall Flaw
Palo Alto Networks reports active exploitation of a critical PAN-OS firewall flaw, CVE-2026-0300, with patches rolling out May 13. CISA adds the bug to its exploited list.
Intuit QuickBooks Workforce Expands into AI-Driven HCM, Shares Jump
Intuit launched QuickBooks Workforce, an AI-driven HCM tool for SMBs, expanding into hiring, onboarding, benefits, and performance management. Shares rose 4.8%.
Lennar's Expansion Plans Face Headwinds from Elevated Mortgage Rates
Lennar shares slipped 0.5% as the homebuilder accelerates new community launches despite high mortgage rates and a disappointing spring selling season.
BlackBerry's QNX Faces Pivotal Test in AI Robotics Expansion
BlackBerry's QNX unit demonstrates its OS for AI robotics, medical devices, and factory automation. Shares trade at $5.91, down 1.3%, with a $950 million royalty backlog.
Amazon Nears $3T Market Cap After Logistics Expansion Rattles Rivals
Amazon stock edged up 0.35% in premarket trading Wednesday, pushing its market value near $3 trillion after a fourth straight record close.
BMO Expands AI Payments Tool to Boost Mid-Market Sales
Bank of Montreal is expanding its AI-driven payments tool to mid-market clients, leveraging Codat's technology to boost card usage and sales efficiency. A Canadian pilot is planned.
Amazon Logistics Expansion Sends UPS Shares Tumbling
UPS shares dropped 10.5% as Amazon launched a logistics service for external businesses, directly challenging UPS and FedEx in parcel delivery and freight.
Elong Power Surges 72% After Lock-Up Expiry, Supply Overhang Looms
Elong Power shares surged 72% after a lock-up on 4.2 million shares expired. The company faces supply concerns and a going-concern warning.
CoreWeave Shares Surge Ahead of Q1 Report Amid OpenAI Exposure Concerns
CoreWeave shares climbed 5.8% Monday to $125.89 ahead of its Q1 earnings report, with the market weighing OpenAI dependency against a $66.8 billion backlog.
Uber Expands Robotaxi Operations with Hertz Deal, Shifts Strategy Ahead of Earnings
Uber is expanding its robotaxi operations by partnering with Hertz's Oro Mobility for fleet management, signaling a strategic shift toward direct operations. The move comes ahead of Uber's Q1 earnings.
TSMC's Longtan Revival: AI Chip Expansion Faces Hurdles
The Longtan Science Park expansion has been revived, potentially hosting TSMC's next-gen chip fabs with up to NT$600 billion in investment, pending land and environmental approvals.
Senate Stablecoin Deal Opens Door for Ripple's RLUSD Expansion
A Senate deal on stablecoin rewards unlocks crypto legislation, boosting Ripple's RLUSD as it expands on OKX with over 280 trading pairs and margin collateral use.
Amkor Raises $1B Via Zero-Interest Notes for AI Packaging Expansion
Amkor Technology has priced $1 billion in zero-coupon convertible senior notes due 2031, with proceeds aimed at funding its advanced packaging expansion for AI chips.
Brookfield Renewable Explores Unifying BEPC and BEP Units to Boost Liquidity
Brookfield Renewable is considering merging its BEPC shares and BEP units into a single security to improve liquidity, following a $2.3 billion net loss and record FFO.
ASML Shares Dip Amid AI Optimism and China Export Concerns
ASML's U.S. shares slipped 0.83% as a strong 2026 outlook clashes with China export worries. Q1 sales hit €8.8B.
Amkor's $1B Zero-Interest Bond Sale Fuels AI Chip Packaging Expansion
Amkor Technology has priced $1 billion in zero-interest convertible senior notes due 2031 to fund advanced semiconductor packaging expansion and capital spending.
Frontier Capitalizes on Spirit's Collapse with Rescue Fares and Route Expansion
Frontier Airlines rolls out deep discounts and a summer pass for stranded Spirit travelers, adding routes in former Spirit markets. Shares rose 10% ahead of Q1 earnings.
JetBlue Expands Routes, Offers Rescue Fares After Spirit's Collapse
JetBlue Airways announced 11 new Fort Lauderdale routes and $99 rescue fares for stranded Spirit Airlines customers after Spirit canceled all flights and began winding down operations.
Data Storage Stocks Emerge as Unexpected AI Beneficiaries
Data storage stocks like Seagate, Sandisk, and Western Digital rally on AI data demand, with Sandisk reporting 251% revenue growth and a $42 billion supply deal.
Estée Lauder Shares Surge on Expanded Job Cuts and Upgraded Profit View
Estée Lauder raised its fiscal 2026 profit outlook and expanded restructuring, targeting 9,000-10,000 job cuts, as Q3 sales rose 5% to $3.71B. Shares surged about 7%.
Sandisk Tumbles Despite Record Q3 Earnings as AI Rally Sets Sky-High Expectations
Sandisk shares dropped about 6% in after-hours trading Thursday despite reporting blowout Q3 earnings, as the stock's massive AI-fueled rally set an extremely high bar for performance.
KeyCorp Expands into Western Europe with Clearwater UK Acquisition
KeyCorp acquires Clearwater UK, marking its first Western Europe advisory platform. The deal, expected to close in late 2026, expands KeyBanc's M&A and debt advisory capabilities.
New US Export Curbs Target Applied Materials, Chip Tool Shipments to China's Hua Hong
The US Commerce Department ordered Applied Materials, Lam Research, and KLA to halt some chip-tool shipments to China's Hua Hong, targeting advanced chip production facilities. AMAT shares fell 5.8%.
Robinhood Shares Slide as Crypto Revenue Tumbles, Earnings Miss Expectations
Robinhood shares dropped 6% after Q1 earnings missed estimates, as crypto trading revenue plunged 47% to $134 million, offsetting gains in options, equities, and event contracts.
Applied Materials Tumbles 5.5% on Renewed China Export Fears
Applied Materials shares dropped 5.5% after a Reuters report that the U.S. Commerce Department ordered chip equipment makers to stop some shipments to China's Hua Hong.
GitLab Shares Rise on Expanded Anthropic Claude Integration for AI Coding
GitLab shares climbed 3.2% after expanding its Anthropic partnership, integrating Claude Opus 4.7 into its Duo Agent Platform for enterprise AI coding tools with compliance and audit controls.