Today: 29 May 2026
ServiceNow AI move puts pressure on Salesforce
29 May 2026

ServiceNow Stock Jumps as AI Deal Forces a Fresh Look at Growth Fears

ServiceNow shares jumped 9% Friday morning after announcing a partnership with Wipro, which will integrate its intelligence suite with the ServiceNow AI Platform. The stock reached $120 intraday before settling near $119. Wipro’s India-listed shares rose up to 4%, while its U.S. ADRs surged 19%. ServiceNow reported first-quarter subscription revenue of $3.67 billion, up 22% from a year earlier.
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Robinhood shares rise again as traders watch Trump accounts and AI trading angle

Robinhood shares rise again as traders watch Trump accounts and AI trading angle

29 May 2026
Robinhood shares rose 3.9% to $88.14 Friday, outpacing other brokerage and crypto stocks after launching government-backed Trump Accounts for children and new AI-agent trading tools. The Trump Accounts app, now available nationwide, will begin taking contributions July 4, offering eligible children a $1,000 Treasury deposit. Robinhood’s new AI agents can trade equities, with plans to expand to other assets. Trading volume neared 8.8 million shares.
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Archer Aviation Shares Edge in Premarket as Cash Concerns Weigh on Air-Taxi Plans

Archer Aviation Shares Edge in Premarket as Cash Concerns Weigh on Air-Taxi Plans

Archer Aviation traded at $6.80 premarket Friday, nearly unchanged from Thursday’s $6.81 close after a 3.97% session gain. The company posted a first-quarter net loss of $217.7 million on $1.6 million revenue. Archer said it completed Phase 3 of FAA type certification and expects to begin U.S. operations this year. Other electric-aircraft stocks also rose in early trading.
29 May 2026
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UiPath Delivers on AI but PATH Shares Slide

UiPath Delivers on AI but PATH Shares Slide

UiPath shares fell 2.85% to $11.25 in premarket trading Friday after posting higher Q1 revenue of $418 million and raising guidance. The company reported its first GAAP-profitable quarter, with $28 million in operating income. Investors remain cautious about AI’s impact on long-term sales growth. PATH stock remains well below its 52-week high of $19.84.
29 May 2026
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Rigetti Computing Stock Jumps Before RGTI Earnings as Quantum Revenue Test Hits Tonight

Rigetti Stock Climbs Before the Bell as IBM’s $10 Billion Quantum Push Reignites a Wild Rally

Rigetti Computing climbed in premarket trading Friday, quoted at $27.34 after closing up nearly 10% Thursday, as quantum stocks surged following IBM’s $10 billion investment plan. Rigetti shares have jumped about 60% since May 20, with trading volume spiking. U.S. government funding and sector IPO activity fueled further gains. Rigetti recently signed a letter of intent for up to $100 million in federal research funding.
29 May 2026
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Oracle Shares Rebound, Eyes on AI Cloud Performance

Oracle Shares Rebound, Eyes on AI Cloud Performance

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29 May 2026
Oracle shares surged 6.6% Thursday to $203.64, up 26% for May but still far below last year’s high. The company reported fiscal Q3 revenue of $17.2 billion, with cloud revenue up 44% to $8.9 billion and a backlog of $553 billion. Capital spending jumped to $39.2 billion for the first nine months of fiscal 2026, pushing free cash flow to negative $24.7 billion.
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Virgin Galactic Stock Bounces Back; SPCE Eyes Key Test

Virgin Galactic Stock Bounces Back; SPCE Eyes Key Test

Virgin Galactic shares rose 19.53% Thursday to $4.53, their highest close in weeks, with trading volume nearly four times the 50-day average. The company resumed VSS Unity glide flights in New Mexico and plans further tests ahead of commercial launches. A judge approved a $2.75 million shareholder suit settlement, with insurers paying. Virgin Galactic posted a Q1 net loss of $64.7 million on $227,000 revenue.
29 May 2026
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Intel draws $150 target in AI drive, Wall Street says

Intel Shares Hold After AI Surge, Arc Chip Plays Developing

Intel shares closed at $120.89 Thursday, down 0.72%, after the company launched its Arc G-Series chips for handheld gaming PCs. Acer unveiled its Predator Atlas 8 using the new chips, with shipments from Acer, MSI, and OneXPlayer set for June. Intel’s stock remains near its May 11 high of $132.75, driven by strong data center CPU demand and recent AI orders. First-quarter revenue rose 7% to $13.6 billion.
29 May 2026
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Plug Power Shares Push Past $4 As Hydrogen Bulls Return

Plug Power Shares Push Past $4 As Hydrogen Bulls Return

Plug Power shares slipped 0.48% to $4.12 on Thursday after a volatile week, with trading volume topping 110 million shares Wednesday. The company reported a $246 million net loss for the quarter and burned $150 million in cash, but CFO Paul Middleton said Plug has enough capital for 2026. Plug announced final investment decision for its 30MW Barrow Green Hydrogen project in the UK on May 20. Sector peers showed mixed early trading.
29 May 2026
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Nokia’s AI Rally Hits a Wall as Shares Slide Again in Helsinki

Nokia’s AI Rally Hits a Wall as Shares Slide Again in Helsinki

Nokia shares fell 2.74% to 12.96 euros in Helsinki by late Friday morning, underperforming the OMX Helsinki 25 index. The drop followed two weak U.S. sessions for Nokia’s American depositary receipts, which slid over 7% across Wednesday and Thursday. Investors trimmed positions after a sharp AI-driven rally. Nokia recently raised its 2026 Network Infrastructure sales growth forecast to 12%-14%.
29 May 2026
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Ondas Shares Jump on Drone Funding Talks and New Filings

Ondas Shares Jump on Drone Funding Talks and New Filings

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29 May 2026
Ondas shares closed at $13.25 after a surge in drone and defense-tech stocks Thursday, following reports of possible U.S. government funding for the sector. The company registered 2.7 million shares for resale tied to its $196.6 million Omnisys acquisition. First-quarter revenue rose to $50.1 million, up tenfold from a year earlier. Shareholders approved an increase in the stock incentive plan to 81 million shares.
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HPE Earnings Preview: The AI-Networking Number Wall Street Is Watching Before June 1

HPE Earnings Preview: The AI-Networking Number Wall Street Is Watching Before June 1

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29 May 2026
Hewlett Packard Enterprise will report fiscal Q2 results after markets close June 1, with analysts expecting revenue near $9.77 billion and adjusted earnings of 53 cents per share. Shares closed at $38.21, up 117.5% over the past year. Investors are watching whether networking and AI-infrastructure growth can sustain margins after the Juniper acquisition. HPE’s Q1 networking revenue jumped 151.5% year-over-year.
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Lloyds shares slip after buyback news

Lloyds shares slip after buyback news

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28 May 2026
Lloyds Banking Group shares fell 0.6% to 101.4p in London on Thursday after the bank bought back 5 million shares and launched a £500 million university retrofit loan program backed by the National Wealth Fund. Global stocks dropped and oil prices surged nearly 4% as Gulf tensions rattled markets, offsetting gains from Lloyds’ capital return.
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Latest

3X AI Chip ETF surged from $100,000 to $1.28 million, but future gains get harder

3X AI Chip ETF surged from $100,000 to $1.28 million, but future gains get harder

Direxion Daily Semiconductor Bull 3X Shares (SOXL) traded just above $220 early Friday, down from a $224.63 close after a steep rally tied to AI chip demand. A $100,000 investment in SOXL a year ago would have grown to about $1.28 million by May 27, according to 24/7 Wall St. Nvidia posted record quarterly revenue of $81.6 billion, mostly from data centers. U.S. technology funds saw $2.75 billion in inflows last week.
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29 May
ByteDance AI chip effort may open Qualcomm to new markets outside smartphones

ByteDance AI chip effort may open Qualcomm to new markets outside smartphones

ByteDance is developing custom AI chips and CPUs for its data centers and has reportedly agreed to buy millions of Qualcomm’s ASICs, Bloomberg reported. The company is working on Arm and RISC-V architectures and has contacted outside partners for chip design and manufacturing, according to Reuters. Qualcomm shares rose 2.1% after the news. ByteDance faces higher CPU prices from Intel and AMD and long lead times.
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29 May
Dell Technologies Stock Just Hit a Record. Wall Street Is Now Asking How Much AI Is Already Priced In

Dell stock catches Wall Street’s AI hardware attention

Dell shares jumped $87.50 to $404.55 Friday after the company raised its full-year outlook and reported quarterly revenue up 88% to $43.84 billion. AI-optimized server sales reached $16.1 billion, surpassing PC revenue. Dell booked $24.4 billion in AI orders and secured a $9.7 billion U.S. War Department contract. The company warned that rising memory costs and supply risks could pressure margins.
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29 May
Micron Gains as AI Memory Rally Meets Fresh Samsung Challenge

Micron Gains as AI Memory Rally Meets Fresh Samsung Challenge

Micron shares jumped 4.6% to $966.24 Friday morning, lifting its market value above $1.1 trillion. The rally followed analyst price-target hikes and strong demand for high-bandwidth memory used in AI. Samsung shipped samples of its new HBM4E chips, introducing fresh competition in the AI memory market. Micron’s revenue in its latest quarter surged to $23.86 billion from $8.05 billion a year earlier.
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29 May
HP Shares Jump on AI PC Demand, But Costs Are a Drag

HP Shares Jump on AI PC Demand, But Costs Are a Drag

HP shares rose to $26.98 in early New York trading Friday after the company beat quarterly revenue and profit forecasts, with AI PCs making up 44% of shipments last quarter. Fiscal Q2 net revenue climbed 9% to $14.4 billion, driven by a 13% jump in PC business revenue. HP cut its fiscal 2026 adjusted EPS outlook and warned of rising memory-chip costs. The stock outperformed major tech indexes.
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29 May
ServiceNow AI move puts pressure on Salesforce

ServiceNow Stock Jumps as AI Deal Forces a Fresh Look at Growth Fears

ServiceNow shares jumped 9% Friday morning after announcing a partnership with Wipro, which will integrate its intelligence suite with the ServiceNow AI Platform. The stock reached $120 intraday before settling near $119. Wipro’s India-listed shares rose up to 4%, while its U.S. ADRs surged 19%. ServiceNow reported first-quarter subscription revenue of $3.67 billion, up 22% from a year earlier.
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29 May
Okta Shares Climb 20% as Investors Revalue AI Identity Push

Okta Shares Climb 20% as Investors Revalue AI Identity Push

Okta shares jumped nearly 20% Friday after the company beat first-quarter earnings and revenue forecasts, posting adjusted earnings of 91 cents per share on $765 million in revenue. Analysts at RBC, BMO Capital, and Mizuho raised their price targets following the results. Okta’s current remaining performance obligations rose 12%, and free cash flow reached $271 million. The company now projects second-quarter revenue of $790 million to $794 million.
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29 May
Robinhood shares rise again as traders watch Trump accounts and AI trading angle

Robinhood shares rise again as traders watch Trump accounts and AI trading angle

Robinhood shares rose 3.9% to $88.14 Friday, outpacing other brokerage and crypto stocks after launching government-backed Trump Accounts for children and new AI-agent trading tools. The Trump Accounts app, now available nationwide, will begin taking contributions July 4, offering eligible children a $1,000 Treasury deposit. Robinhood’s new AI agents can trade equities, with plans to expand to other assets. Trading volume neared 8.8 million shares.
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29 May
SentinelOne Drops Premarket as AI Job Cuts Hit

SentinelOne Drops Premarket as AI Job Cuts Hit

SentinelOne shares fell nearly 20% premarket Friday after the company issued second-quarter revenue guidance below analyst estimates and announced plans to cut about 8% of its workforce. First-quarter revenue rose 21% to $277 million, missing expectations by $0.6 million. The company expects a $25 million restructuring charge, mostly for severance and stock compensation. Investors focused on weaker guidance despite a first-quarter earnings beat.
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29 May
Dimon signals possible return of $20 billion JPMorgan deal

Dimon signals possible return of $20 billion JPMorgan deal

JPMorgan Chase CEO Jamie Dimon said the bank could spend $10 billion to $20 billion on an acquisition in the next few years and expects $40 billion to $50 billion in excess capital. JPMorgan reported $16.5 billion net income for Q1 and record markets revenue. Shares fell nearly 3% Wednesday after the bank raised its 2026 expense target to $106 billion. Dimon did not specify a sector or target for any deal.
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29 May
Photronics Stock Shock: Earnings Miss Sends Chip-Supply Bet Into a Hard Reset

Photronics Stock Shock: Earnings Miss Sends Chip-Supply Bet Into a Hard Reset

Photronics shares rose 2.23% to $34.78 in premarket trading Friday after plunging 36.4% Thursday on weak quarterly results and a disappointing outlook. The company missed analyst estimates for both adjusted earnings and revenue, and forecast third-quarter sales below Wall Street expectations. Management cited delayed chip-design releases, memory supply constraints, and geopolitical uncertainty.
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29 May
PRF Technologies Shares Surge in Early Trade on DeepSolar Speculation

PRF Technologies Shares Surge in Early Trade on DeepSolar Speculation

PRF Technologies shares surged 235% to $4.59 in premarket U.S. trading Friday after the company announced progress toward a commercial launch of its DeepSolar Predict AI platform for renewable-energy operators. PRFX closed Thursday at $1.37 with a market cap near $1.2 million. The company remains thinly capitalized, with recent SEC filings warning of potential dilution. PRF is also developing PRF-110, a non-opioid pain drug.
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29 May
HPE shares jump ahead of earnings after Dell’s AI server surge

HPE shares jump ahead of earnings after Dell’s AI server surge

Hewlett Packard Enterprise shares surged 23.5% premarket Friday after Dell raised its annual AI-server revenue outlook, citing strong demand for Nvidia-powered systems. HPE will report fiscal second-quarter results after the close on June 1. Investors are watching for signs HPE can match Dell’s order flow while maintaining margins in its Cloud & AI and networking units. Super Micro Computer shares also rose 10.7% premarket.
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29 May
Archer Aviation Shares Edge in Premarket as Cash Concerns Weigh on Air-Taxi Plans

Archer Aviation Shares Edge in Premarket as Cash Concerns Weigh on Air-Taxi Plans

Archer Aviation traded at $6.80 premarket Friday, nearly unchanged from Thursday’s $6.81 close after a 3.97% session gain. The company posted a first-quarter net loss of $217.7 million on $1.6 million revenue. Archer said it completed Phase 3 of FAA type certification and expects to begin U.S. operations this year. Other electric-aircraft stocks also rose in early trading.
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29 May
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