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STKS News30 articles
Blackstone Data Center REIT BXDC Closes First Week Above IPO Price
BXDC ended its first week at $20.10, above the $20 IPO price, after opening below it. The Blackstone-backed REIT raised $1.75 billion for data centers but has no assets yet.
Atlassian Stock Rebounds on Friday, AI Monetization in Focus Next Week
Atlassian shares surged 8% on Friday, recovering from weekly losses, as Truist Securities reiterated a Buy rating with a $100 target, citing AI monetization as a key focus after the Team 26 event.
Top US Carriers Join Forces for Satellite Network to End Dead Zones
AT&T, Verizon, and T-Mobile announced an unprecedented partnership to create a satellite-based network connecting standard phones directly to satellites, aiming to eliminate wireless dead zones across the U.S.
Snap CEO Evan Spiegel Summoned to Senate Over Kids' Online Safety
Snap CEO Evan Spiegel has been invited to testify at a Senate hearing on children's online safety, alongside leaders from Meta, Alphabet, and TikTok.
Grab Shares Sink to 52-Week Low Despite Strong Q1 Earnings as Indonesia Regulatory Risk Looms
Grab shares fell to a 52-week low of $3.46 despite strong Q1 results, as Indonesia's new 8% commission cap on ride-hailing raises margin concerns.
Ondas Soars on $390M Revenue Target After Drone Sales Surge
Ondas raised its 2026 revenue target to at least $390 million after Q1 revenue surged to $50.1 million, sending shares up 27%.
Unusual Machines Q1 Revenue Soars 296% as Drone Supply Expansion Gains Steam
Unusual Machines posted Q1 revenue of $8.1 million, a 296% jump, and net income of $10.3 million from investment gains. Shares surged 12.8% as the firm raised $150 million and agreed to buy DroneNX for $52 million.
Figma Shares Rise as AI Monetization Lifts 2026 Revenue Forecast
Figma raised its 2026 revenue outlook by $55 million to $1.428 billion, citing AI-driven user growth. Q1 revenue surged 46% to $333.4 million, with net dollar retention at 139%.
US Carriers Unite to End Phone Dead Zones, AST SpaceMobile Surges
AT&T, T-Mobile, and Verizon agreed in principle to launch a satellite-based direct-to-device joint venture, sending AST SpaceMobile shares up 11.8% to $83.66.
Dow Jones Closes Above 50,000 as Cisco's AI Strategy Boosts Tech
The Dow Jones Industrial Average closed above 50,000 on Thursday, driven by Cisco's AI-related job cuts and raised guidance. Tech shares surged, but inflation and oil risks limited Fed rate cut expectations.
Blackstone's $1.75B Data Center Trust Debuts Flat, Testing AI Infrastructure Demand
Blackstone Digital Infrastructure Trust (BXDC) debuted flat on NYSE at $20, raising $1.75B for AI data centers. The blind pool trust has no assets yet, betting on Blackstone's dealmaking.
Quantum Cyber Rockets on Drone Deal and Ex-VA Chief Board Appointment
Quantum Cyber appoints ex-VA chief Peter O'Rourke, following a drone tech deal with BP United. Shares soar 264% as the company pivots to defense.
Ondas Shares in Focus as Rotron Completes SkyLance Drone Test Ahead of Q1 Results
Ondas Inc.'s UK subsidiary Rotron successfully completed a firing test of its SkyLance long-range strike drone, boosting momentum ahead of the company's Q1 earnings release on May 14.
Enovix Shares Slide Despite Q1 Beat as Smartphone Battery Tests Remain Incomplete
Enovix shares dropped 12.9% in after-hours trading Wednesday despite beating Q1 revenue and adjusted-loss estimates, as smartphone battery qualification remains unfinished.
Grab Stock Dips Despite Strong Q1 Results, Indonesia Cap Looms
Grab shares slipped 1.1% to $3.60 despite Q1 revenue beating estimates at $955 million and profit jumping to $120 million, as Indonesia's new 8% ride-hailing commission cap weighs on sentiment.
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.
Red Cat's $225 Million Stock Sale Triggers 12% Drop, Dilution Worries Outweigh Drone Demand
Red Cat's $225M stock offering at a discount to market price sent shares down 12% as dilution concerns overshadowed strong Q1 revenue growth and a bullish defense drone outlook.
Intel Shares Hit Record on Apple Foundry Deal Report; BofA Warns Rally Overdone
Intel shares jumped 14% to a record $124.92 after reports of a preliminary chipmaking deal with Apple. BofA raised its price target but maintained an Underperform rating, saying the potential deal is already priced in.
Archer Aviation Faces Pivotal Earnings After UAE Certification Milestone
Archer Aviation's Midnight enters UAE Restricted Type Certificate program, a key step toward limited service in Abu Dhabi. Q1 results due Monday after market close.
Plug Power Faces Pivotal Q1 Earnings After Margin Milestone
Plug Power reports Q1 earnings May 11 after its first positive gross margin in Q4. Investors focus on revenue growth, cash burn, and cost-cutting progress.
Grab Shares Dip Despite Strong Q1 Earnings as Indonesia Regulations and Fuel Costs Loom
Grab's Q1 revenue beat estimates, but shares fell as Indonesia plans to cap ride-hailing commissions and fuel costs rise. Analysts trimmed targets but kept positive ratings.
Honeywell's Quantinuum Files for IPO, Targeting $10B Valuation in Quantum Push
Quantinuum, majority-owned by Honeywell, filed for a U.S. IPO on Nasdaq under 'QNT', with 2025 net revenue of $30.9 million and a net loss of $192.6 million.
Capital One Faces Class Action Over Cancellation of Earned Credit Card Rewards
Capital One is sued for canceling earned credit card rewards after account closures, even when cardholders were not in default, with over $10,000 in rewards at stake.
Dow Jones Slips Below 50,000 as Chip Stocks Drag, Focus Shifts to Jobs Data
The Dow Jones Industrial Average fell below 50,000 on Thursday as chip stocks retreated and investors awaited the monthly jobs report.
Publix Executive Chairman Todd Jones Steps Down, Retains Board Role
Publix executive chairman Todd Jones retires from the post after 46 years, remaining as board chairman. Q1 sales rose 2% to $16.1B, but net earnings dropped 21.5%.
Axon Q1 Revenue Soars 34% on AI and Drone Demand, Guidance Raised
Axon Q1 revenue surged 34% to $807 million, beating estimates, as AI product revenue jumped over 700% and drone demand boosted outlook.
One Stop Systems Surges on Q1 Revenue Beat; Memory Supply Risks Emerge
One Stop Systems reported a 55% revenue jump to $8.1 million, beating estimates, but flagged memory supply risks and customer concentration.
Verizon Shifts Strategy: Ends Blanket Free Phone Offers, Targets Retention
Verizon CEO Dan Schulman ends blanket free phone and line offers, shifting to targeted retention. The carrier added 55,000 postpaid subscribers in Q1, its first positive Q1 since 2013.
Shopify Shares Dip Despite $100B GMV Milestone; AI Costs Weigh
Shopify shares slid nearly 7% as Q1 operating income of $382M fell short of the $420M consensus, even as revenue jumped 34% and GMV surpassed $100 billion.
IREN Shares Surge 10% on Sweetwater 1 Data Center Power Milestone
IREN Ltd shares rose more than 10% Monday after the company announced its Sweetwater 1 data center in Texas was energized and connected to the ERCOT grid, a key milestone ahead of its fiscal third-quarter earnings.