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Sea Stock Retreats as Shopee's Slower Growth Outlook Raises Spending Concerns
Sea Ltd's stock gave back some of its prior-day gains after the company projected slower gross merchandise volume growth for its Shopee unit in 2026 alongside a significant quarterly cost increase, prompting investor reassessment of its spending plans.
MercadoLibre's Q4 Margins Narrow as Spending Rises; Shares Under Pressure
MercadoLibre shares slipped following a Q4 profit shortfall, as increased investment in logistics and credit expansion pressured margins despite strong revenue growth.
Alphabet Shares Surge on Tariff Relief and AI Momentum Ahead of Nvidia Report
Alphabet's Class C shares climbed 3.7% to $314.90 in after-hours trading, buoyed by a favorable Supreme Court tariff ruling and a series of AI-related announcements. Investor focus now shifts to Nvidia's upcoming earnings for clues on AI demand.
Old National Bank and Indiana Fever Launch Co-Branded Cards for WNBA Season
Old National Bank and the Indiana Fever launched co-branded debit and credit cards and checks as the WNBA season began, expanding their partnership with small-business promotions.
Delta Debuts High-Capacity A321neo with 44 First Class Seats as Interim Solution
Delta Air Lines will deploy seven Airbus A321neos with 44 domestic first-class seats starting May 20 on Atlanta-Los Angeles flights, a temporary fix for flatbed suite delays.
Seagate Stock Surges on AI Storage Demand, but Valuation Raises Concerns
Seagate stock soared to record highs near $782.64 on AI-driven storage demand, but a high P/E ratio of 74 raises valuation concerns.
Seagate CFO Sells $19M in Stock as AI Storage Rally Nears Peak
Seagate CFO Gianluca Romano sold about $18.9 million in shares on May 6-7 under a pre-arranged plan, as the stock closed near record highs on AI storage demand.
Lam Research Hits Record High on AI Chip Demand Despite China Risks
Lam Research shares surged over 7% to a record high on AI-driven demand and a Buy rating from Seaport Global, though China export risks persist.
SEALSQ Shares Surge on Heavy Options Activity Ahead of Shareholder Vote
SEALSQ Corp shares climbed 5% to $3.015 on heavy call option volume ahead of its May 7 shareholder meeting. Preliminary Q1 revenue tripled to $4.1 million.
Nasdaq-100 ETF Up 1.1% as Seagate Surges; Intel and Viavi Also Rally
The Nasdaq-100 ETF QQQ advanced 1.1% on May 1, driven by a 5.9% jump in Seagate Technology (STX) and strong gains in Apple, Microsoft, and Intel. Viavi Solutions surged 14% on earnings.
Western Digital Shares Climb on Seagate's Strong AI Storage Outlook
Western Digital (WDC) shares surged 9.3% after Seagate's (STX) strong quarterly outlook boosted the storage sector, highlighting AI-driven demand for HDDs.
Seagate Soars on AI Storage Demand, Lifting Sector
Seagate forecast Q4 revenue of $3.45B and EPS of $5.00, beating estimates. Shares jumped 18% premarket, lifting sector peers.
Seagate Surges on AI-Driven Storage Demand, Beats Q3 Estimates
Seagate shares jumped about 10% after hours on strong AI storage demand, with fiscal Q3 revenue of $3.11B and Q4 guidance of $3.45B, both above analyst expectations.
Intuit Rises as Tax Season Results Loom Amid AI Concerns
Intuit shares climbed 3.3% on Friday, recovering some losses from an AI-driven selloff. Investors await fiscal Q3 results covering the peak tax season.
Lam Research Surges on Record Earnings, AI-Driven Forecast
Lam Research shares climbed following a record March quarter, with revenue and earnings surpassing estimates. The company raised its 2026 wafer fabrication equipment forecast to $140 billion, citing strong AI-driven demand.
Psyence Biomedical Stock Surges on White House Psychedelic Research Push
Psyence Biomedical's stock rose sharply following a White House executive order aimed at fast-tracking research into psychedelic therapies like ibogaine, though the company's lead drug remains in mid-stage trials.
Oil Surge Over $100 Weighs on Futures as Earnings Season Begins
U.S. stock futures retreated Monday as oil prices surged past $100 a barrel following stalled U.S.-Iran talks. Goldman Sachs reported strong earnings but shares fell premarket, while energy stocks gained.
Neurocrine Acquires Soleno in $2.9B Deal for Rare Disease Drug Vykat XR
Neurocrine Biosciences will purchase Soleno Therapeutics in a $2.9 billion all-cash transaction, securing the commercial rights to Vykat XR. The deal offers $53 per share to Soleno stockholders.
Ondas Seals World View Deal, Expands Defense Tech Portfolio
Ondas Inc. has finalized its purchase of World View Enterprises, issuing millions in shares and cash to integrate stratospheric surveillance platforms into its defense business.
Biogen to Acquire Apellis in $5.6B Deal, Adding Rare Disease Portfolio
Biogen has entered an agreement to acquire Apellis Pharmaceuticals for approximately $5.6 billion in cash. The deal provides Apellis shareholders $41 per share upfront, with potential additional payments based on sales performance of the eye drug Syfovre.
Wolfe Research Upgrades CrowdStrike, Sees AI-Driven Cybersecurity Spending Surge
CrowdStrike shares advanced in premarket trading following an upgrade by Wolfe Research, which anticipates heightened cybersecurity investment driven by new AI threats. The firm set a $450 price target.
Lam Research Slips Amid Tech Rout Despite Strong AI Outlook
Lam Research shares declined 2.4% to $228.36 Friday, dragged down by a sector-wide tech selloff. The company maintained strong March-quarter revenue guidance of approximately $5.7 billion but highlighted vulnerabilities from its significant China business.
Mortgage Rates Hit 6.22%, Housing Market Stumbles as Spring Season Begins
The average 30-year fixed mortgage rate climbed to 6.22% this week, the highest level since December. Housing stocks declined as higher borrowing costs and falling sales dampened sentiment.
Alphabet Seals Record $32B Wiz Acquisition to Boost Cloud Security
Google has finalized its $32 billion acquisition of cloud security company Wiz, marking Alphabet's biggest-ever deal. The move aims to strengthen Google Cloud's security offerings as it competes with AWS and Azure.
Lam Research and IBM Forge 5-Year Pact to Pioneer Sub-1nm Chip Technology
Lam Research and IBM have entered a five-year partnership to advance chipmaking technology beyond 2nm nodes, targeting sub-1nm processes. Lam's shares climbed $4.49 to $215.64 following the announcement.
AMD Partners with University of Toronto on Major AI Research Initiative
Advanced Micro Devices has established a collaborative artificial intelligence research laboratory with the University of Toronto, committing to support 100 projects over a three-year period while donating advanced computing hardware.
AMD Partners with University of Toronto to Launch AI Research Hub Amid Intensifying Chip Competition
Advanced Micro Devices has launched a new artificial intelligence research laboratory in partnership with the University of Toronto, aiming to support 100 projects over three years. AMD shares surged approximately 6% in premarket trading following the announcement.
Lam Research CFO Forecasts $135B Chip Equipment Boom by 2026, Cites AI and Packaging Demand
Lam Research's CFO anticipates wafer-fab equipment spending could reach $135 billion in 2026, up from $110 billion in 2025, fueled by AI and advanced packaging demand, though cleanroom limitations pose a challenge.
Lam Research Leads Chip Equipment Selloff Amid Oil Spike, Insider Sales
Lam Research shares tumbled 5.9% in extended trading, dragging down peers like Applied Materials and KLA. The selloff was fueled by a sharp rise in oil prices and broader market避险 sentiment, with insider sales adding to the pressure.
Lam Research Shares Slip as Chip Rally Falters Amid Oil Price Surge
Lam Research shares declined over 2% Friday, extending losses as the chip sector cooled. A spike in oil prices following Middle East strikes has heightened inflation worries, pressuring growth stocks.