Today: 16 May 2026
SpaceX Nasdaq Listing Draws Closer as IPO Timeline Accelerates
16 May 2026

SpaceX Nasdaq Listing Draws Closer as IPO Timeline Accelerates

SpaceX plans to list on Nasdaq as early as June 12 under the ticker SPCX, seeking to raise about $75 billion at a $1.75 trillion valuation, sources told Reuters. The company aims to publish its prospectus next week, with investor meetings set for June 4. Bloomberg reported Brookfield has already placed a $2 billion bet ahead of the IPO. SpaceX’s filing includes supervoting shares and strict limits on shareholder proposals.
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Broadcom Slips as AI Chip Stocks See Selling

Broadcom Slips as AI Chip Stocks See Selling

16 May 2026
Broadcom shares fell 3.3% to $425.19 on Friday, leading a sector-wide drop in AI-linked chip stocks after a recent rally. No company-specific news triggered the decline. Higher oil prices and Treasury yields fueled inflation concerns, raising expectations that the Federal Reserve could keep interest rates elevated. Nvidia and AMD also posted sharp losses.
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Ballard Power stock jumps after Weichai share sale leads to board shake-up

Ballard Power stock jumps after Weichai share sale leads to board shake-up

Weichai-affiliated holders reduced their stake in Ballard Power Systems to 11.61%, triggering the loss of board nomination rights and prompting the resignation of two Weichai-nominated directors. Ballard’s Nasdaq shares jumped 8.5% to $4.48 on heavy volume after the disclosure. Weichai sold over 11 million shares in recent weeks and filed to sell up to 15 million more. Ballard reported Q1 revenue of $19.4 million, up 26%.
15 May 2026
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Dow drops 406 points as oil spike stirs rate worries

Dow drops 406 points as oil spike stirs rate worries

The Dow Jones Industrial Average fell 406.40 points to 49,657.06 on Friday, slipping below 50,000 after oil prices and Treasury yields rose. The S&P 500 lost 50.23 points and the Nasdaq dropped 195.89. Prediction markets now show high odds of no Federal Reserve rate cuts in 2026. Ten of 11 major S&P sectors declined, with energy the only gainer.
15 May 2026
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UiPath Shares Surge With AI Optimism Ahead of Earnings

UiPath Shares Surge With AI Optimism Ahead of Earnings

UiPath shares rose 7.4% to $10.39 Friday after the company launched Global AgentHack 2026, a developer contest focused on its new coding-agent platform. Trading volume hit nearly 29.9 million shares, with call options activity at 1.4 times the norm. The hackathon offers $50,000 in prizes and runs through June 29. Investors are watching to see if AI agents will boost or threaten UiPath’s automation business ahead of May 28 earnings.
15 May 2026
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Bitmine Stock Slides as Tom Lee’s $13.4 Billion Ethereum Bet Enters a New Test

Bitmine Stock Slides as Tom Lee’s $13.4 Billion Ethereum Bet Enters a New Test

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15 May 2026
Bitmine Immersion Technologies shares dropped 7.7% Friday in New York as ether slid 3.4% to $2,221. Bitmine reported holding 5.2 million ETH, or 4.31% of supply, and plans to slow weekly ETH purchases. Peer Bit Digital said Q1 revenue fell 13.6% and ETH staking revenue dropped 29.4%. Polymarket traders put a 24% chance on Bitmine selling ETH in 2026.
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IREN Stock Drops After $3 Billion Debt Deal: Why Nvidia’s AI Bet Just Got More Expensive

IREN Stock Drops After $3 Billion Debt Deal: Why Nvidia’s AI Bet Just Got More Expensive

IREN closed a $3.0 billion convertible senior notes sale to fund its shift from bitcoin mining to AI data centers. Shares fell $3.94 to $54.46 late Friday morning after the announcement. The offering follows a $3.4 billion AI cloud contract and a 5GW infrastructure partnership with Nvidia. IREN reported a wider net loss of $247.8 million for the March quarter as it decommissioned mining hardware.
15 May 2026
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Stock Market Today: Nasdaq Slides as Oil Shock Sends Treasury Yields Higher, Hitting AI Rally

Stock Market Today: Nasdaq Slides as Oil Shock Sends Treasury Yields Higher, Hitting AI Rally

The Nasdaq fell 1.25% Friday as rising oil prices and Treasury yields pressured U.S. stocks, erasing part of this week’s AI-driven gains. Brent crude climbed 2.4% to $108.22 a barrel after U.S.-Iran tensions flared. April consumer prices rose 0.6%, while producer prices jumped 1.4%. Nvidia and AMD each dropped over 4%; Intel slid 6.8%.
15 May 2026
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Rivian Stock Gets a $3.4 Billion Robotics Twist as R2 EV Test Looms

Rivian Stock Gets a $3.4 Billion Robotics Twist as R2 EV Test Looms

Mind Robotics, spun out of Rivian, raised $400 million in a round led by Kleiner Perkins, valuing the company at $3.4 billion. The startup uses production data from Rivian’s factories to train industrial robots. Rivian shares traded at $13.96, down 56.5 cents, with a market value of $17.4 billion. Rivian began deliveries of its R2 SUV, targeting 62,000 to 67,000 units in 2026.
15 May 2026
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Micron Stock Slides as Samsung Strike Threat Tests the AI Memory Boom

Micron Stock Slides as Samsung Strike Threat Tests the AI Memory Boom

Micron shares fell 5.2% to $735.74 Friday morning, cutting its market value to $838 billion, as investors reacted to profit-taking and a possible 18-day strike at Samsung’s South Korean plants. Bank of America raised Micron’s price target to $950 this week, citing AI-driven memory demand. Samsung’s union said the strike will start May 21. Samsung shares dropped as much as 9.3% on supply concerns.
15 May 2026
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Why Cerebras Stock Is Down Today: Wall Street Hits the Brakes After a Blowout AI IPO

Why Cerebras Stock Is Down Today: Wall Street Hits the Brakes After a Blowout AI IPO

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15 May 2026
Cerebras Systems shares fell about 4% to $298 in early Friday trading, retreating from Thursday’s $311.07 close after a 68% Nasdaq debut. The stock remained roughly 61% above its $185 IPO price. Investors cited concerns over high valuation, customer concentration, and how much OpenAI demand is already priced in. Cerebras raised $5.55 billion in its offering, which was expected to close Friday.
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Why Intel Stock Is Down Today: AMD, Arm and a Hot Chip Rally Put INTC on the Back Foot

Why Intel Stock Is Down Today: AMD, Arm and a Hot Chip Rally Put INTC on the Back Foot

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15 May 2026
Intel shares dropped 6.5% to $108.45 after the open Friday, extending a three-day slide. UBS data showed Intel’s server CPU market share fell to 54.9% in Q1, while AMD and Arm gained ground. The decline followed a sharp rally driven by AI demand and foundry hopes. Broader chip stocks also retreated as investors weighed profit-taking and persistent high interest rates.
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Sandisk Stock Warning: The $1,150 SNDK Offer Investors Are Being Told to Reject

Sandisk Stock Warning: The $1,150 SNDK Offer Investors Are Being Told to Reject

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15 May 2026
Sandisk Corp urged shareholders to reject Tutanota LLC’s unsolicited offer to buy up to 100,000 shares at $1,150 each, about 17% below Thursday’s $1,382.72 closing price. Sandisk said the offer covers less than 0.07% of its stock and warned investors could sell below market value. The offer expires May 20 unless extended. Sandisk shares have surged on strong AI memory chip demand and recent earnings.
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GTA 6 Preorder Rumor Sends Take-Two Stock Higher. The Bigger Test Comes Next Week

GTA 6 Preorder Rumor Sends Take-Two Stock Higher. The Bigger Test Comes Next Week

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14 May 2026
Take-Two Interactive shares rose 6.5% to $241.68 on Thursday after reports of a leaked Best Buy affiliate campaign fueled speculation that Grand Theft Auto VI pre-orders could begin next week. Neither Take-Two nor Rockstar Games has confirmed a pre-order date. The company is set to report earnings after markets close on May 21. GTA VI is listed for release on Nov. 19, 2026, for PlayStation 5 and Xbox Series X|S.
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Latest

Dow Drops 537 Points With After-Hours Selling Threatening Wall Street AI Rally

Dow Drops 537 Points With After-Hours Selling Threatening Wall Street AI Rally

U.S. stock ETFs fell in after-hours trading Friday following a more than 1% drop in the S&P 500, Dow, and Nasdaq. Oil surged 4.2% to $105.42 a barrel and the 10-year Treasury yield hit 4.597%, fueling concerns over inflation and Fed rate hikes. Nvidia, AMD, and Intel led chip declines, while Berkshire Hathaway disclosed a $2.65 billion Delta stake and exited Amazon, Visa, and Mastercard.
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16 May
Accuray inks 10-year cancer tech agreement, shares in focus

Accuray inks 10-year cancer tech agreement, shares in focus

Accuray and the University of Wisconsin School of Medicine and Public Health signed a 10-year research agreement focused on Accuray’s Stellar adaptive radiotherapy platform. The announcement came after market close, with Accuray shares ending down 5.2% at $0.27. The deal follows Accuray’s recent withdrawal of fiscal 2026 guidance and ongoing financial pressures.
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16 May
Origin Materials Gains as Filing Signals $3.54 Liquidation Payout Possible

Origin Materials Gains as Filing Signals $3.54 Liquidation Payout Possible

Origin Materials asked shareholders to approve a plan to liquidate and dissolve the company, estimating an initial payout of $0.61 to $3.54 per share depending on asset sales and claims. Shares rose 15% to $1.43 after the filing. The company reported a 91% drop in first-quarter revenue and warned it may not survive without the wind-down. Origin cut 59% of its workforce and CEO John Bissell stepped down May 1.
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16 May
NextNRG Q1 Revenue Gains, but Company Holds Cash Warning

NextNRG Q1 Revenue Gains, but Company Holds Cash Warning

NextNRG reported first-quarter revenue of $21.1 million, up 29% from a year earlier, but its net loss widened to $10.8 million. Cash fell to $208,048 at quarter-end, and management warned it needs immediate capital to continue operations. Shares closed at $0.2804 on Nasdaq, down nearly 6%. Total liabilities reached $34.3 million, with a stockholders’ deficit of $22 million.
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16 May
BofA 7-Eleven ATM Settlement Opens, Deadline June 29 for Former Clients

BofA 7-Eleven ATM Settlement Opens, Deadline June 29 for Former Clients

Bank of America agreed to pay $2.25 million to settle claims it charged duplicate balance-inquiry fees at FCTI-owned ATMs in 7-Eleven stores. Former account holders must file claims by June 29; current customers will receive automatic credits if the court approves the deal. Final approval is set for Aug. 21 in San Diego federal court. The class period covers May 2018 to November 2021.
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16 May
SpaceX Nasdaq Listing Draws Closer as IPO Timeline Accelerates

SpaceX Nasdaq Listing Draws Closer as IPO Timeline Accelerates

SpaceX plans to list on Nasdaq as early as June 12 under the ticker SPCX, seeking to raise about $75 billion at a $1.75 trillion valuation, sources told Reuters. The company aims to publish its prospectus next week, with investor meetings set for June 4. Bloomberg reported Brookfield has already placed a $2 billion bet ahead of the IPO. SpaceX’s filing includes supervoting shares and strict limits on shareholder proposals.
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16 May
Broadcom Slips as AI Chip Stocks See Selling

Broadcom Slips as AI Chip Stocks See Selling

Broadcom shares fell 3.3% to $425.19 on Friday, leading a sector-wide drop in AI-linked chip stocks after a recent rally. No company-specific news triggered the decline. Higher oil prices and Treasury yields fueled inflation concerns, raising expectations that the Federal Reserve could keep interest rates elevated. Nvidia and AMD also posted sharp losses.
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16 May
Alphabet Falls as Ackman Exits, Broader Tech Weakness

Alphabet Falls as Ackman Exits, Broader Tech Weakness

Alphabet shares fell 1.1% Friday after Bill Ackman’s Pershing Square disclosed it sold its entire Alphabet stake to fund a new Microsoft position. The Nasdaq dropped 1.54% as rising oil prices and Treasury yields pressured tech stocks. Microsoft rose 3.1% on the news. Alphabet reported Q1 revenue up 22% to $109.9 billion, but raised 2026 capex guidance to as much as $190 billion.
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16 May
Macy’s up as Berkshire Hathaway buys in; tariffs still on traders’ radar

Macy’s up as Berkshire Hathaway buys in; tariffs still on traders’ radar

Berkshire Hathaway disclosed a $55 million stake in Macy’s, sending the retailer’s shares up 5.9% in after-hours trading. The position, revealed in a quarterly SEC filing, covers about 3.04 million shares as of March 31. Macy’s board declared a quarterly dividend of 19.15 cents per share, payable July 1. The company forecast lower net sales for fiscal 2026 amid ongoing tariff and consumer spending pressures.
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16 May
Berkshire Puts $2.65 Billion Into Delta Air Lines Shares

Berkshire Puts $2.65 Billion Into Delta Air Lines Shares

Berkshire Hathaway disclosed a $2.65 billion stake in Delta Air Lines, marking its return to the carrier after exiting airline stocks in 2020. The holding totaled 39.8 million shares as of March 31, according to a regulatory filing. Delta shares rose 3.2% after the news. The investment comes as Delta faces higher fuel costs and reduced near-term growth plans.
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16 May
UnitedHealth Stock Watches Berkshire Exit, Optum AI Effort

UnitedHealth Stock Watches Berkshire Exit, Optum AI Effort

Berkshire Hathaway sold its entire UnitedHealth Group stake in the first quarter, less than a year after buying 5.04 million shares. UnitedHealth shares closed at $393.85 Friday, down 1.3%. Bloomberg reported UnitedHealth is tracking some Optum workers’ use of AI tools as it expands technology in operations. Analysts say insurers need another quarter of clean medical-cost data before judging recovery.
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16 May
Gold Drops on Dollar Gains, Wall Street Sinks as Yields Jump

Gold Drops on Dollar Gains, Wall Street Sinks as Yields Jump

The dollar rose for a fifth day Friday, pushing gold to a one-week low and sending the euro to $1.1623, its weakest in five weeks. U.S. crude jumped 4.2% to $105.42 a barrel amid concerns over the Strait of Hormuz. The 10-year Treasury yield hit an 11.75-month high at 4.58%, while the Nasdaq ended a six-week winning streak. Silver plunged 7.7% to $77.07 an ounce.
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16 May
TD Securities Filing Throws Spotlight on GCT Semiconductor (GCTS), Raises Flags About 5G Chip Scale-Up and Liquidity

TD Securities Filing Throws Spotlight on GCT Semiconductor (GCTS), Raises Flags About 5G Chip Scale-Up and Liquidity

TD Securities (USA) LLC disclosed a 4.6% beneficial ownership in GCT Semiconductor Holding, Inc., mostly via warrants exercisable at $11.50 a share, far above Friday’s $1.83 stock price. GCT reported first-quarter revenue of $1.92 million and a net loss of $9.86 million, with 5G chipset deliveries rising 58% to 3,000 units.
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15 May
Tonix Pharma Stock Gains After Antibody News, 2027 Lyme Trial Planned

Tonix Pharma Stock Gains After Antibody News, 2027 Lyme Trial Planned

Tonix Pharmaceuticals filed new Phase 1 modeling data showing its experimental Lyme disease antibody, TNX-4800, could maintain serum levels above a proposed protective threshold for six months with a two-dose regimen. Shares rose $1.65 to $15.74 Friday. The company plans a Phase 2 trial in 2027, pending FDA agreement. No Lyme vaccine is currently available in the U.S.
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15 May
Lululemon CEO Speaks Out as Shares Drop Again

Lululemon CEO Speaks Out as Shares Drop Again

Lululemon shares fell 1.6% to $119.14 Friday as incoming CEO Heidi O’Neill told employees the company is being underestimated. Founder Chip Wilson is seeking three board seats, intensifying a proxy fight ahead of O’Neill’s September 8 start. O’Neill, a former Nike executive, will not be on the ballot at the June annual meeting. Investors remain focused on weak Americas sales and soft 2026 guidance.
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15 May
Ballard Power stock jumps after Weichai share sale leads to board shake-up

Ballard Power stock jumps after Weichai share sale leads to board shake-up

Weichai-affiliated holders reduced their stake in Ballard Power Systems to 11.61%, triggering the loss of board nomination rights and prompting the resignation of two Weichai-nominated directors. Ballard’s Nasdaq shares jumped 8.5% to $4.48 on heavy volume after the disclosure. Weichai sold over 11 million shares in recent weeks and filed to sell up to 15 million more. Ballard reported Q1 revenue of $19.4 million, up 26%.
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15 May
P3 Health Partners turns profit in Q1, lifts 2026 forecast

P3 Health Partners turns profit in Q1, lifts 2026 forecast

P3 Health Partners shares surged over 200% to $13.00 Friday after the company posted its first quarterly profit and raised its 2026 adjusted EBITDA outlook. Net income reached $3 million versus a $44.2 million loss a year earlier, with revenue up 4% to $386 million despite a 10% drop in at-risk membership. The company cited $17 million in one-time benefits, leaving underlying adjusted EBITDA at $8 million.
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15 May
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