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IESC News30 articles
SoundHound AI Shares Slide Despite Record Revenue as Cash Burn Worries Mount
SoundHound AI dropped 7.8% on record Q1 revenue of $44.2M as a wider EBITDA loss and lower margins stoked cash burn worries.
Altria Slips for Fifth Day as Nicotine Pouch Competition Intensifies
Altria shares fell 1.3% to $68.12, extending a five-session losing streak despite a Q1 earnings beat. Rising competition in the nicotine pouch market and declining cigarette volumes weigh on the stock ahead of its May 14 annual meeting.
Ryan Cohen Intensifies $55.5 Billion eBay Bid, Threatens Shareholder Appeal
GameStop CEO Ryan Cohen is pushing forward with a $55.5 billion bid for eBay, threatening a direct appeal to shareholders if the board resists. eBay shares trade below the offer price.
Bitcoin Steadies Near $80K as ETF Outflows Test Rally
Bitcoin traded near $80,000 early Saturday, steadying after two consecutive days of U.S. spot bitcoin ETF outflows totaling over $400 million.
Dell Stock Surges on AI Server Growth, TotalEnergies Deal, and Super Micro Woes
Dell shares surged 12.6% Friday on a $100M supercomputer deal with TotalEnergies and Nvidia, while renewed scrutiny of Super Micro's legal issues boosted investor interest in Dell's AI server business.
POET Technologies Stock Rebounds Amid Securities Lawsuit and Marvell Fallout
POET Technologies shares rebounded 14.5% to $10.97 on Friday, even as a securities lawsuit over tax disclosures and cancelled Celestial AI orders moves forward with a June 29 lead plaintiff deadline.
Traws Pharma Soars on Hantavirus Push After Cruise Fatalities
Traws Pharma shares surged over 21% after the biotech said it would advance hantavirus drug candidates following a fatal cruise ship outbreak. The company has no approved treatments and recently raised $10 million.
NuScale Power Stock Tumbles 8.7% After Q1 Loss Deepens, Cash Burn Intensifies
NuScale Power shares dropped 8.7% after hours Thursday after reporting a wider Q1 loss and a 96% revenue decline to $565,000, with cash burn of $314.7 million.
California Antitrust Scrutiny Intensifies on Paramount-WBD Merger
34 California Democrats push AG Bonta to scrutinize Paramount's $111B Warner Bros. Discovery takeover for antitrust harm, citing job losses and consolidation risks.
Lumen Technologies Tumbles 13% on $1B Debt Sale, Alkira Buyout
Lumen Technologies shares fell 13% after its Level 3 unit priced $1 billion in 7.5% senior notes due 2037, highlighting balance sheet concerns amid a $475 million Alkira acquisition.
Himax Technologies Stock Jumps 30% on Q2 Guidance, Dividend, and AI Glasses Push
Himax Technologies shares surged over 30% after the company forecast a Q2 rebound, declared a cash dividend, and highlighted its WiseEye AI for smart glasses and automotive chip wins.
Qualcomm Jumps 11% on Hyperscaler AI Chip Deal; Valuation Debate Intensifies
Qualcomm shares surged 11% after revealing a leading hyperscaler will receive its custom AI chips, sparking debate over the company's valuation.
Fortinet Rallies 12% as AI-Driven Security Demand Powers Q1 Beat and Raised 2026 Forecast
Fortinet shares jumped 12% premarket after Q1 earnings and revenue beat estimates, with billings rising 31%. The company raised its 2026 outlook, citing strong AI-driven security demand.
Nvidia's $500M Corning Warrant Deal Ties Fiber to AI Boom
Nvidia bought $500M in Corning warrants as part of a multiyear optical deal. Corning will triple U.S. plants, boost fiber capacity 10x, and add 3,000 jobs.
HSBC Steadies After Steep Drop on $400M Fraud Charge
HSBC shares recovered after a $400M fraud charge tied to private credit exposure triggered a near-6% drop. Q1 profit missed estimates, spotlighting risks in bank-private credit links.
Gold Rallies on Dollar Weakness, Focus Shifts to US Jobs Data
Gold extended its rally on Thursday, climbing 1% as the dollar softened and Treasury yields fell. Investors now await the April US jobs report for further direction.
ASX 200 Rallies on Mining Surge, Energy Stocks Slide
The ASX 200 closed up 0.96% at 8,878.1, driven by miners and gold stocks, while energy shares fell sharply on oil price declines and new LNG export regulations.
POET Technologies Faces Class Action After Marvell Cancels Celestial AI Orders
POET Technologies is under a securities class action after Marvell canceled all Celestial AI purchase orders. Lead-plaintiff deadline is June 29. Stock at $9.385.
DuPont Rallies on Upgraded 2026 Outlook, $275M Buyback
DuPont raised its 2026 forecasts and announced a $275 million buyback, sending shares up 8.5% as cost pass-through strategies reassured investors.
POET Technologies Stock Surges on Securities Lawsuit Over Canceled Marvell Order
POET Technologies shares surged 30% after a securities class action was filed over disclosure of canceled Marvell purchase orders.
Netflix, Microsoft, and Others Chart Divergent Cash Strategies
Netflix adds $25B to buybacks after deal breakup; Microsoft plans $190B AI spend. PulteGroup and Mobileye also expand repurchases as stocks dip.
Powell Industries Lands Record $400M Data Center Order, Backlog Hits $1.8B
Powell Industries' new orders nearly doubled to $490 million in fiscal Q2, driving backlog to a record $1.8 billion. The company also secured its largest-ever data center order of over $400 million after quarter-end.
NuScale Power Faces Key Test as Earnings Approach and SMR Competition Intensifies
NuScale Power reports Q1 earnings May 7 as shares close at $12.14. The SMR firm faces pressure to show commercial progress amid rising competition from rivals like X-energy.
Everspin Technologies Surges on $40M Defense MRAM Contract
Everspin Technologies shares surged on a $40M defense MRAM subcontract with Amentum Services, running through Nov. 2028. Q1 revenue rose to $14.9M, with MRAM product sales at $14.1M.
Rivian Stock Plunges on Cash Burn Worries Despite Strong Q1 Beat
Rivian shares sank 8.4% despite a Q1 earnings beat, as cash burn and profitability concerns dominated. Tesla and Lucid shares rose over 2%.
Lumen Technologies Q1 Earnings Preview: AI-Driven Strategy Faces Revenue Decline
Lumen Technologies is set to report its first-quarter earnings on May 5, with expectations of a loss as the company shifts focus to AI and enterprise fiber.
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.
S&P 500 and Nasdaq Hit New Records as Apple Earnings Trump Oil Worries
The S&P 500 and Nasdaq closed at record highs Friday, powered by Apple's strong earnings, while the Dow fell. Oil prices eased but remained above $100 a barrel.
Nebius Acquires Eigen AI for $643M to Boost Inference Capabilities
Nebius Group N.V. acquires Eigen AI for $643M to advance AI inference, with shares jumping 11.3%.
Wolfspeed Rallies on Stake Disclosure and Executive Shakeup Ahead of Earnings
Wolfspeed shares jumped after a group tied to Susquehanna disclosed a 5% stake. New executives and debt refinancing signal turnaround efforts before earnings.