HawkEye 360 Stock Jumps 30% After $416 Million IPO as Defense-Space Demand Builds
HawkEye 360 shares surged 30% in their NYSE debut Thursday, valuing the satellite intelligence firm at
Fluence Energy Stock Jumps Again: Why Wall Street Is Watching Its $5.6 Billion Backlog
Roth/MKM upgraded Fluence Energy to Buy and doubled its price target to $26 after the company’s order intake reached $2 billion and backlog hit a record. Fluence missed quarterly revenue estimates with
Qualcomm Stock Jumps Again as Wall Street Bets AI Phones Can Rewrite Its Story
Qualcomm shares jumped about 6% early Friday after Daiwa Securities upgraded the stock to Outperform and raised its price target to $225. The rally follows strong automotive and IoT revenue growth, though weak smartphone demand and high chip valuations remain risks. Qualcomm reported fiscal Q2 revenue of $10.6 billion and record automotive sales last week.
Cloudflare AI Layoffs Hit 1,100 Jobs After Q1 Earnings Beat; Stock Slides
Cloudflare will cut over 1,100 jobs, or about 20% of staff, as it shifts operations toward AI, incurring up to $150 million in related charges. Shares fell 19% after its second-quarter revenue forecast missed estimates, despite a 34% rise in first-quarter revenue to $639.8 million. Departing staff will receive base pay through 2026 and extended benefits. AI use inside Cloudflare has surged more than 600% in three months.
Fidelity Layoffs 2026: 800 Jobs Cut As Boston Firm Rebuilds Tech Teams And Hires Thousands
Fidelity Investments will cut about 800 jobs, or 1% of its global workforce, as it restructures technology and product-delivery teams. The company plans to hire around 5,300 workers this year, including 2,000 early-career employees. The shift comes days after Fidelity ordered thousands of staff in Boston and other offices to return to the office five days a week starting in September.
CoreWeave Stock Drops as $99 Billion AI Backlog Runs Into Bigger Spending Bill
CoreWeave shares dropped about 7% in pre-market trading after the company forecast second-quarter revenue below analyst expectations and raised its 2026 spending outlook. First-quarter revenue more than doubled to $2.078 billion, but net loss widened to $740 million. The company reported a revenue backlog of $99.4 billion as of March 31. CoreWeave recently announced major deals with Meta, Jane Street, and Anthropic.
Tempus AI Just Priced a $400 Million Debt Deal. Here’s What Investors Need to Watch
Tempus AI priced a $400 million private sale of 0% convertible senior notes due 2032, upsized from $350 million, to repay $307.7 million in loans and fund operations. The deal follows first-quarter revenue of $348.1 million, up 36%, but a net loss widened to $125.9 million. Shares traded at $49.47 premarket, down $4.07. The notes convert at $69.26 per share, a 40% premium to the last close.
Iron Mountain Incorporated Stock Falls After Six-Day Rally as AI Data-Center Bet Faces New Test
Cohere agreed in April to acquire Germany’s Aleph Alpha, aiming to expand in regulated European markets as governments demand “sovereign AI.” Schwarz Group plans to invest $600 million in Cohere, which was valued at $6.8 billion last year. The merged company will be based in Germany and Canada, targeting sectors like finance and defence. The deal awaits shareholder and regulatory approval.
Zoetis Stock Plunge: The Pet-Care Slowdown Wall Street Can’t Ignore
Zoetis cut its 2026 revenue forecast to $9.68 billion-$9.96 billion and lowered adjusted EPS guidance after U.S. companion-animal product sales dropped 11% in the first quarter. Shares fell $23.86 to $87.31. First-quarter adjusted EPS came in at $1.53, missing analyst estimates of $1.61. CEO Kristin Peck cited weaker demand, fewer vet visits, and increased competition.
Gas Prices May Stay High Even After an Iran Peace Deal — Here’s Why
U.S. regular gasoline averaged $4.546 a gallon Friday, near its highest since 2022, according to AAA. Prices remain elevated as fighting near the Strait of Hormuz disrupts oil flows, despite signs of progress toward a U.S.-Iran deal. Analysts say pump prices are unlikely to return to pre-war levels before 2027. Oil benchmarks hovered near $100 a barrel, with inventories still low.
Planet Fitness Stock Just Had Its Worst Day — Weak Sign-Ups Forced a 2026 Reset
Planet Fitness shares plunged 31% to $44.01 Thursday after the company cut its 2026 growth targets and paused a planned Black Card price hike. The company now expects about 1% same-club sales growth and 7% revenue growth for 2026, down from earlier forecasts. First-quarter revenue rose 21.9% to $337.2 million, but management cited weak member growth and increased competition.
Genmab Stock Tumbles as Merus Deal Costs Cloud $896 Million Revenue Jump
Genmab shares dropped nearly 10% in Copenhagen after first-quarter net profit fell to $53 million from $195 million, despite a 25% revenue increase to $896 million. Costs from the Merus acquisition and higher R&D spending weighed on results. Operating profit missed analyst estimates, landing at $180 million. The company maintained its 2026 revenue and profit guidance.
Coinbase Stock Slides After Surprise Q1 Loss: Crypto Slowdown Hits The Exchange
Coinbase reported a first-quarter net loss of $394.1 million as revenue fell 31% to $1.413 billion, reversing a year-earlier profit. Trading volumes dropped amid weaker crypto prices, and an AWS outage briefly disrupted services overnight. Shares fell about 5% after the results. The company also announced plans to cut 700 jobs, or 14% of its workforce.
Akamai Stock Set to Jump as $1.8 Billion AI Cloud Deal Steals the Earnings Spotlight
Akamai Technologies shares jumped 26% in premarket trading after announcing a $1.8 billion, seven-year cloud infrastructure deal with an unnamed U.S. AI model developer. First-quarter revenue rose 6% to $1.074 billion, with cloud infrastructure services up 40% to $95 million. The company forecast softer second-quarter results, with revenue and adjusted earnings below analyst estimates.
T. Rowe Price’s $1.30 Dividend Puts Its 5% Payout in Focus After Fresh Outflows
T. Rowe Price set a $1.30 quarterly dividend, payable June 29 to holders of record on June 15. Shareholders elected 13 directors and approved executive pay in a nonbinding vote. Client assets fell to $1.71 trillion at March’s end, with $13.7 billion in net outflows during the first quarter. Shares closed Thursday at $103.59, down 2.39%.
US Stock Market Today: Nasdaq Futures Rise Before Jobs Report as Iran Risk Tests Premarket Rally
Nasdaq 100 futures rose 0.67% early Friday, leading U.S. stock gains ahead of the April jobs report due at 8:30 a.m. ET. Markets looked past renewed U.S.-Iran tensions near the Strait of Hormuz, while oil hovered near $100 a barrel. Thursday’s session saw the S&P 500 fall 0.38% and the Dow drop 0.63%. Software stocks were volatile in premarket trading.
Block Stock Jumps as Cash App Boom Lifts 2026 Outlook Despite Quarterly Loss
Block raised its 2026 gross-profit forecast to $12.33 billion after Cash App and Square posted strong first-quarter growth. Shares rose 7.7% in after-hours trading. The company reported a $308.7 million net loss and a $240 million accrual related to a Justice Department inquiry. Workforce was cut by over 40% under a February restructuring plan.
HubSpot Stock Drops After Q1 Beat as AI Sales Shift Tests Wall Street
HubSpot’s first-quarter revenue rose 23% to $881 million, beating estimates, but shares fell 11.9% after the company warned of a slow start to the second quarter and longer sales cycles tied to new AI-based pricing. Net income reached $32.6 million, reversing a year-ago loss. Customer count climbed 16% to 299,458. HubSpot forecast second-quarter revenue of up to $898 million.
SoundHound AI Stock Falls After Record Q1 Revenue Leaves One Big Question
SoundHound AI shares fell 12% after hours despite posting record first-quarter revenue of $44.2 million, up 52% year over year. The company reported a GAAP net loss of $25 million and confirmed its planned $43 million stock acquisition of LivePerson. SoundHound ended March with $216 million in cash and no debt.
Shake Shack Stock Plunge: Q1 Loss, Beef Costs and New CFO Put Burger Chain on the Spot
Shake Shack shares plunged as much as 30.4% after the company reported a first-quarter net loss and missed revenue estimates, with margins pressured by rising beef and operating costs. Revenue rose 14.3% to $366.7 million, below forecasts, while operating loss reached $2.6 million. The company named Michelle Hook as its new CFO, effective May 11. Shares last traded at $69.24, down $27.27 from the prior close.
Baidu Shares Jump as AI Chip Unit Kunlunxin Pushes Dual IPO Plan
Kunlunxin, Baidu’s AI chip unit, has started the process for a Shanghai STAR Market IPO while maintaining plans for a Hong Kong listing. Baidu’s Hong Kong shares rose 5.75% after the news. The move comes as Chinese investors seek domestic AI chipmakers amid U.S. export curbs. Kunlunxin signed a pre-IPO tutoring agreement with China International Capital Corp on April 29.
Australia Stock Market Today: ASX 200 Tumbles as Oil Shock Erases Nearly $50 Billion
The S&P/ASX 200 fell 1.51% to 8,744.40, its sharpest drop in seven weeks, as renewed U.S.-Iran fighting sent oil above $100 a barrel and erased nearly A$50 billion from the market. Banks, miners, and energy stocks declined, with Westpac leading losses after trading ex-dividend. Macquarie reversed early gains despite a profit beat. Tabcorp plunged 14.2% after AUSTRAC launched an enforcement probe.
India Stock Market Today: Sensex Drops 665 Points, Nifty Falls Below 24,150 As Oil Shock Hits Dalal Street
The BSE Sensex dropped 665.35 points to 77,179.17 and the Nifty 50 fell 186.45 points to 24,140.20 by 2 p.m. IST Friday, as Brent crude topped $100 a barrel and the rupee slipped 0.3% to 94.5325 per dollar. Foreign investors sold 340.89 crore rupees in equities Thursday, while domestic funds bought 441 crore rupees. Britannia shares fell up to 5% after announcing price hikes due to higher freight costs.
UK Stock Market Live: FTSE 100 Falls Again as Oil Tops $100 and Labour Losses Hit London Shares
The FTSE 100 fell 0.75% to 10,200.29 in Friday morning trade, extending losses as renewed U.S.-Iran clashes pushed Brent oil above $100 a barrel. Labour’s local election setbacks weighed on sterling and gilts, adding political risk to the market downturn. Airlines including IAG warned of lower profits due to rising fuel costs. European shares tracked lower, with the STOXX 600 down 0.8%.
Marvell Technology Stock Slides 7%—Why the AI Chip Favorite Just Hit a Wall
Marvell Technology shares rose 1.7% in early premarket trading Friday after a 7.05% drop Thursday, closing at $160.01. The company, which reported fiscal 2026 revenue of $8.195 billion with 74% from data centers, is set to release first-quarter results on May 27. Nvidia invested $2 billion in Marvell in March. Marvell recently acquired Polariton Technologies to boost its data-center chip capabilities.
CrowdStrike Holdings Stock Jumps 8% as AI Cybersecurity Rally Meets CEO Share Sale
CrowdStrike shares rose 8% Thursday as investors returned to cybersecurity stocks linked to AI demand, despite a weaker S&P 500. CEO George Kurtz sold 5,000 shares under a pre-set plan but retains over 2.2 million shares. The company will report fiscal Q1 2027 results on June 3. CrowdStrike also promoted Amanda Adams to senior vice president of global alliances.
Datadog’s $1 Billion AI Quarter Sends Stock Flying
Datadog reported first-quarter revenue above $1 billion for the first time, up 32% to $1.006 billion, and raised its 2026 sales forecast to as much as $4.34 billion. Shares jumped $45.02 to $188.73. The company said it had 4,550 large customers at the end of March, up 21% from a year earlier. Datadog also launched GPU Monitoring and secured FedRAMP High certification for its government product.
IREN Limited Stock Jumps After Nvidia’s $2.1 Billion AI Cloud Bet: What Changed
Nvidia secured rights to buy up to 30 million IREN shares at $70 each and signed a $3.4 billion, five-year AI cloud contract for managed GPU services. IREN’s quarterly revenue dropped to $144.8 million, with net loss widening to $247.8 million, driven by its shift from bitcoin mining. IREN shares rose about 9% after the news.
Why Humana Stock’s 25% Rally Is Facing a Profit-Cut Reality Check
Humana cut its 2026 GAAP EPS forecast to at least $8.36, down from $8.89, but kept its adjusted profit outlook at $9.00. Shares last traded at $247.12, up over 25% in a month, pushing the price-to-earnings ratio to 26.4. First-quarter revenue rose to $39.65 billion, while adjusted EPS fell to $10.31. Medicare Advantage accounts for about 80% of Humana’s revenue.
US Stock Market Today: Live Updates 08.05.2026
LIVEMarkets rolling coverageStarted: May 8, 2026, 12:00 AM EDTUpdated: May 8, 2026, 9:53 AM EDT Wall Street edges up as jobs beat expectations; Oil steady amid US-Iran tensions May 8, 2026, 9:53 AM EDT. U.S. stocks gained on Friday with the S&P 500 rising 0.5% after job additions exceeded forecasts by 115,000. The Dow Jones climbed 202 points, and Nasdaq gained 0.6%, led by Monster Beverage's 8% jump on robust quarterly sales exceeding $2 billion. Despite escalating tensions and missile strikes between the U.S. and Iran near the Strait of Hormuz-a critical passage for oil transport-oil prices held steady. Brent
US Stock Market After-Hours Update: Futures Slip as Oil Jumps on Fresh Iran Fighting
U.S. stock futures fell Thursday after the U.S. and Iran exchanged fire, pushing oil prices above $96 a barrel and raising concerns over inflation. The S&P 500 closed down 0.38%, with chip stocks leading declines; Arm, Intel, and AMD each dropped, while Nvidia and Microsoft gained nearly 2%. Nvidia announced a $2.1 billion investment in IREN and a multi-billion-dollar prepayment to Corning. Coinbase shares slid 5% after a surprise loss.
Innodata Stock Jumps After Q1 Earnings Beat: Why the AI Data Trade Is Back in Focus
Innodata reported first-quarter revenue up 54% to $90.1 million and net income of $14.9 million, both above expectations. The company raised its 2026 revenue growth forecast to at least 40% after securing a $51 million contract with a major tech customer. INOD shares surged 29% in after-hours trading. CEO Jack Abuhoff said the new customer could become Innodata’s second-largest this year.
NuScale Power Stock Sinks After Q1 Loss Puts Its SMR Cash Story Under Pressure
NuScale Power shares fell 8.7% after hours Thursday following a wider first-quarter loss and a 96% drop in revenue to $565,000. The company reported a net loss of $46.7 million and $314.7 million in cash used for operations. NuScale ended March with $341.1 million in cash and $549 million in short-term investments. No new power purchase agreements were announced.
Agilon Health Stock More Than Doubles After Q1 Beat. The Turnaround Test Starts Now
agilon health shares jumped 118% to $60.66 Thursday after the company reported first-quarter net income of $49 million, up from $12 million a year earlier, despite a 7% drop in revenue to $1.42 billion. The company raised its 2026 outlook and named Tim O’Rourke as CEO, succeeding Ronald A. Williams. Membership fell 11% to 536,000. Multiple analysts upgraded the stock following the results.
Centrica Shares Sink as British Gas Owner’s Retail Warning Overshadows £370 Million Severn Deal
Centrica shares dropped 5.16% after warning retail energy earnings will hit the low end of 2026 forecasts, despite announcing a £370 million deal to buy the Severn gas power plant. The company expects retail EBITDA near £500 million, while infrastructure EBITDA should exceed £650 million. Severn is set to add up to £60 million in annual EBITDA from 2027. Shareholders approved all AGM resolutions, including a final dividend.
Paramount-Warner Bros Deal Faces New California Antitrust Test as Lawmakers Push Bonta
Thirty-four California Democrats in Congress urged state Attorney General Rob Bonta to scrutinize Paramount Skydance’s planned $111 billion takeover of Warner Bros. Discovery for antitrust harm. The lawmakers cited recent job losses in Los Angeles and warned of further consolidation. Bonta has not announced legal action. Warner Bros. Discovery shareholders approved the merger in April.