Today: 20 May 2026
Bolt CEO Said Firing HR Fixed Problems. Here’s What Happened Next
20 May 2026

Bolt CEO Said Firing HR Fixed Problems. Here’s What Happened Next

Bolt CEO Ryan Breslow defended cutting the company’s HR department at Fortune’s Workplace Innovation Summit, saying it had “created problems that didn’t exist.” The move follows Bolt’s April layoffs of about 30% of staff as it pivots to AI and a consumer finance app. Breslow said Bolt is “back in startup mode” and replaced HR with a smaller people operations team. Bolt was once valued at $11 billion.
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Exxon, Chevron Say Oil Reserves Hit by Hormuz Choke, More Volatility Ahead

Exxon, Chevron Say Oil Reserves Hit by Hormuz Choke, More Volatility Ahead

The U.S. shipped a record 9.9 million barrels from its emergency oil reserve last week, cutting stocks to 374 million barrels. Brent crude settled at $111.28 a barrel Tuesday after signs of progress in U.S.-Iran talks, but Exxon and Chevron warned the market has not fully absorbed the impact of the Strait of Hormuz closure. The IEA reported global oil inventories fell by 246 million barrels in March and April.
20 May 2026
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POET Raises $400 Million, Shares Don’t Catch a Bid

POET Raises $400 Million, Shares Don’t Catch a Bid

POET Technologies shares fell 8.02% to $13.07 on Tuesday, despite closing a $400 million financing deal with MMCAP International. The company issued over 19 million shares and warrants at $21 per package, aiming to expand production capacity tenfold. POET reported a first-quarter net loss of $12.3 million on $503,389 in revenue. A new $50 million order from Lumilens could scale to $500 million over five years.
20 May 2026
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CleanSpark rises after Wall Street notes AI power angle

CleanSpark rises after Wall Street notes AI power angle

CleanSpark shares rose 9.3% to $14.69 late Tuesday after Bernstein highlighted bitcoin miners’ potential as AI data-center power providers. The move outpaced bitcoin and peers, despite CleanSpark’s recent 25% revenue drop and $378.3 million net loss. Bernstein set a $24 target, citing $90 billion in AI-related deals across the sector. CleanSpark reported 1.8 gigawatts under contract and nearly $1.2 billion in liquidity at March 31.
19 May 2026
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AMD Shares Dip Ahead of Nvidia’s Upcoming Report

AMD Shares Dip Ahead of Nvidia’s Upcoming Report

AMD shares fell 1.6% to $414.05 Tuesday after a volatile session, as investors trimmed chip stock holdings ahead of Nvidia’s earnings and rising Treasury yields pressured tech names. Citi raised its AMD price target to $460 but maintained a Neutral rating. Nvidia, down 0.7%, will report results Wednesday, with options implying a $355 billion market value swing. Intel rose 2.4%.
19 May 2026
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Nvidia Earnings Date Locked In as Wall Street Awaits AI Stock Moves

Nvidia Earnings Date Locked In as Wall Street Awaits AI Stock Moves

Nvidia will report fiscal first-quarter earnings after markets close Wednesday, with analysts expecting revenue near $79 billion, up almost 80% from a year ago. Options traders are pricing a 6.5% one-day move in Nvidia shares, or about $355 billion in market value. Shares closed Tuesday at $220.61, valuing the company at $5.4 trillion. Investors are watching for guidance on AI data center spending and competition in AI chips.
19 May 2026
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NextNRG shares double as buying spikes, but the numbers show a catch

NextNRG shares double as buying spikes, but the numbers show a catch

NextNRG shares more than doubled Tuesday, closing at $0.8288 and rising to about $0.91 after hours, after reporting April revenue up 56% to $9.4 million, its highest on record. Gross margin for April reached 8.3%. Trading volume topped 344 million shares, with market value near $135 million. The company posted a first-quarter net loss of $10.8 million and had $208,048 in cash at March 31.
19 May 2026
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AST SpaceMobile Shares Whipsaw in Volatile Trading

AST SpaceMobile Shares Whipsaw in Volatile Trading

AST SpaceMobile shares closed up 2.2% at $88.75 Tuesday after volatile trading between $78.68 and $90.88. Investors shifted focus from last week’s earnings miss to the company’s plan to launch 45 BlueBird satellites this year, with two already en route to Cape Canaveral. First-quarter revenue rose to $14.7 million, but net loss widened to $191 million. AST reported $3.46 billion in cash at quarter’s end.
19 May 2026
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Intel Stock Bounces as Wall Street Rethinks AI Narrative

Intel Stock Bounces as Wall Street Rethinks AI Narrative

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19 May 2026
Intel shares climbed 3.3% to $111.69 Tuesday afternoon, rebounding after five sessions of losses as Citi and Benchmark raised price targets, citing stronger CPU demand. Trading volume topped 112 million shares. The move came ahead of Nvidia’s earnings, which options traders expect to trigger a major market shift. Intel CEO Lip-Bu Tan was set to speak at a J.P. Morgan conference later in the day.
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DFW flight cancellations top 350 as storms hit American Airlines’ largest hub

DFW flight cancellations top 350 as storms hit American Airlines’ largest hub

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19 May 2026
Thunderstorms triggered an FAA ground stop at Dallas-Fort Worth International Airport on Tuesday, forcing 359 flight cancellations and 452 delays by early afternoon, according to FlightAware. Departure delays ranged from 30 to 44 minutes. The disruption hit American Airlines’ largest hub, affecting connections nationwide. Dallas Love Field also saw delays of up to 45 minutes.
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IREN Drops Again After AI Cloud Plans Get Costlier

IREN Drops Again After AI Cloud Plans Get Costlier

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18 May 2026
IREN shares dropped 7.2% to $49.15 Monday after the company acquired its marketing partner Awaken, folding the agency into its operations. The decline followed IREN’s $3 billion convertible-note sale last week to fund a major data-center expansion for AI services. Quarterly revenue fell and net loss widened as the company shifts from Bitcoin mining to AI cloud infrastructure.
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Latest

NextNRG Shares Double as Record April Sales Drive Gains

NextNRG Shares Double as Record April Sales Drive Gains

NextNRG Inc. shares fell to $0.73 in premarket trading Wednesday after doubling Tuesday, as investors reacted to record April revenue of $9.4 million and a 64% jump in gross profit. The company reported just $208,048 in cash at March 31 and is seeking new capital. Net loss for the first quarter widened to $10.8 million despite higher sales. Results are preliminary and unaudited.
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20 May
Hasbro’s Magic Keeps Wall Street Looking at the Stock

Hasbro’s Magic Keeps Wall Street Looking at the Stock

Hasbro reported first-quarter revenue of $1 billion, beating estimates, with adjusted earnings per share at $1.47. Magic: The Gathering drove a 26% jump in Wizards and Digital Gaming revenue. Operating profit rose 58% to $270 million. The company maintained its 2026 outlook but cited ongoing risks from cyber costs and tariffs.
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20 May
Lowe’s Beat Wall Street. Why Investors Still Sold the Stock

Lowe’s Beat Wall Street. Why Investors Still Sold the Stock

Lowe’s posted quarterly sales of $23.08 billion and adjusted earnings of $3.03 per share, both above analyst estimates, but shares fell 3% premarket as investors focused on weak U.S. housing trends. Comparable sales rose 0.6%, driven by online growth and contractor demand. The company kept its 2026 outlook unchanged. U.S. mortgage rates climbed to 6.56% last week, weighing on home sales and renovations.
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20 May
CleanSpark Stock Jumps as Wall Street Chases the AI Power Trade

CleanSpark Stock Jumps as Wall Street Chases the AI Power Trade

CleanSpark shares rose 1.7% to $14.94 in pre-market trading Wednesday after Bernstein rated the stock Outperform with a $24 target, citing the value of miners’ power capacity for AI data centers. CleanSpark holds 1.8 gigawatts under contract and produced 640 bitcoin in April. The company reported fiscal Q2 revenue of $136.4 million, down 24.9% year-over-year, and a net loss of $378.3 million.
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20 May
Silexion’s Cancer Trial Push Puts Focus on Cash

Silexion’s Cancer Trial Push Puts Focus on Cash

Silexion reported Israeli clearance and a German filing for its SIL204 pancreatic cancer drug, keeping its Phase 2/3 trial on track for a second-quarter start. The company posted a first-quarter net loss of $2.7 million and held $2.4 million in cash at March 31. Shares closed at 26.9 cents Tuesday after a sharp drop last week. Management warned of “substantial doubt” about ongoing operations without new funding.
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20 May
CAVA Jumps in Pre-Market After New Traffic Data Update

CAVA Jumps in Pre-Market After New Traffic Data Update

Cava Group shares rose 6.9% in premarket trading Wednesday after the chain reported a 9.7% jump in same-restaurant sales and beat first-quarter earnings and revenue estimates. Net income fell to $23.6 million from $25.7 million a year earlier. The company opened 20 net new restaurants and raised its 2026 outlook for openings and sales growth. Several analysts raised their price targets following the results.
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20 May
AEP Restores San Angelo Outage as Texas Grid Worries Continue

AEP Restores San Angelo Outage as Texas Grid Worries Continue

AEP Texas restored power to nearly all Tom Green County customers early Wednesday after a substation equipment failure cut service to about 7,800 in San Angelo Tuesday, local reports said. The outage came as parent company American Electric Power faces scrutiny over surging Texas demand and a $78 billion capital plan. Fewer than five customers remained without power by 6 a.m. CDT, according to the utility’s outage map.
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20 May
Meta kicks off 4 a.m. layoff emails as AI drive leads to 8,000 job cuts

Meta kicks off 4 a.m. layoff emails as AI drive leads to 8,000 job cuts

Meta Platforms began laying off about 8,000 employees, or 10% of its global workforce, early Wednesday as it shifts focus to artificial intelligence, according to Business Insider. Layoff notices went out in waves starting at 4 a.m. PDT, with U.S. staff told to work from home. More than 7,000 employees are being reassigned to AI roles, touching about 20% of staff, Reuters reported. Meta expects 2026 capital expenditures of up to $145 billion.
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20 May
Target’s Turnaround Finally Has Numbers Wall Street Can’t Ignore

Target’s Turnaround Finally Has Numbers Wall Street Can’t Ignore

Target raised its annual sales forecast after first-quarter net sales rose 6.7% to $25.44 billion, ending a three-year revenue slide. Comparable sales increased 5.6%, with digital up 8.9%. Profit fell to $781 million from $1.04 billion a year earlier. New CEO Michael Fiddelke cited progress but maintained a cautious outlook amid ongoing investment and price cuts.
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20 May
InMed Pharmaceuticals (INM) Stock Doubled on Mentari Merger — Why the Rally Is Already Being Tested

InMed Pharmaceuticals (INM) Stock Doubled on Mentari Merger — Why the Rally Is Already Being Tested

InMed Pharmaceuticals shares fell 14.4% to $1.37 in early pre-market trading Wednesday, after surging 135% Tuesday on news of an all-stock merger with Mentari Therapeutics and a planned $290 million private placement. Pre-merger InMed shareholders are expected to own about 1.51% of the combined company, which will operate as Mentari Therapeutics and focus on migraine drug development.
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20 May
Dow edges up while Nasdaq falls as bond worries drag on

Futures Edge Higher Ahead of Nvidia Earnings as Wall Street Watches Key Report

Nasdaq 100 futures rose 0.73% and S&P 500 futures gained 0.35% ahead of Wednesday’s open, with Nvidia set to report earnings after the close. Options markets priced in a 6.5% swing for Nvidia, equal to about $355 billion in market value. In premarket trading, Nvidia shares rose 1.84%, while Micron, Intel, and AMD also advanced. Fed minutes are due at 2:00 p.m. EDT.
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20 May
Houston Outages Persist as CenterPoint Crews Start Work

Houston Outages Persist as CenterPoint Crews Start Work

Bear Creek homeowners in Houston report repeated power outages and surges damaging electronics and medication, prompting some to install backup generators. CenterPoint Energy said it will send crews Wednesday to investigate. The complaints come as storms threaten the area and hurricane season approaches. Residents say outages occur even in calm weather and have tracked incidents for over a year.
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20 May
Entergy’s AI stock boost draws Wall Street’s attention—with a twist

Entergy’s AI stock boost draws Wall Street’s attention—with a twist

Entergy shares have risen 33.3% over the past year, outpacing the S&P 500 and utilities sector, as investors bet on surging electricity demand from data centers and industrial growth. In April, Entergy raised its four-year capital plan by 33% to $57 billion, driven largely by Meta data center projects. First-quarter adjusted earnings reached $399 million, or 86 cents a share. Entergy also finalized a service deal with HYUNDAI-POSCO Louisiana.
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20 May
Bolt CEO Said Firing HR Fixed Problems. Here’s What Happened Next

Bolt CEO Said Firing HR Fixed Problems. Here’s What Happened Next

Bolt CEO Ryan Breslow defended cutting the company’s HR department at Fortune’s Workplace Innovation Summit, saying it had “created problems that didn’t exist.” The move follows Bolt’s April layoffs of about 30% of staff as it pivots to AI and a consumer finance app. Breslow said Bolt is “back in startup mode” and replaced HR with a smaller people operations team. Bolt was once valued at $11 billion.
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20 May
San Antonio’s New Battery Bet Comes Just as CPS Outages Get Longer

San Antonio’s New Battery Bet Comes Just as CPS Outages Get Longer

OCI Energy and CPS Energy have begun building a 120-megawatt battery storage facility in southeastern Bexar County, aiming for commercial operation in 2027. The project follows a rise in average outage duration for CPS Energy customers to 75.38 minutes in 2025. OCI will own the facility, with CPS holding operational control. ING is financing construction, and LG Energy Solution Vertech is supplying batteries.
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20 May
Co-Diagnostics Jumps; $3 Million Deal Looms

Co-Diagnostics Jumps; $3 Million Deal Looms

Co-Diagnostics announced a $3 million private placement after its stock surged 43.8% Tuesday, then fell 13.3% in after-hours trading. The company will sell 1.65 million shares or pre-funded warrants, plus warrants for up to 3.29 million more shares, nearly doubling its share count. The move follows its completion of a Bundibugyo virus assay as Ebola spreads in Congo and Uganda. Co-Diagnostics reported $8.2 million in cash at March 31.
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20 May
Micron Stock Just Dodged the Nasdaq Selloff. A Samsung Strike Could Be Its Next Jolt

Micron Stock Just Dodged the Nasdaq Selloff. A Samsung Strike Could Be Its Next Jolt

Micron Technology shares rose 2.5% Tuesday to $698.74, lifting its market value near $798 billion as the Nasdaq fell. Analysts cited tight memory supply and strong DRAM and NAND pricing. A planned strike by 48,000 Samsung workers Thursday could disrupt global memory supply, potentially raising prices. Micron recently sampled 256GB DDR5 server modules to partners.
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20 May
Marvell moves as earnings nears, eyes on AI chips

Marvell moves as earnings nears, eyes on AI chips

Marvell Technology shares rose 4.53% to $184.25 in premarket trading Wednesday, extending Tuesday’s 4.35% gain. The company will report fiscal Q1 2027 results after the close on May 27. Analysts at Evercore ISI, Melius Research, and CLSA raised price targets, citing strong demand for custom AI chips. Marvell posted record fiscal 2026 revenue of $8.195 billion in March.
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20 May
SpaceX restarts Starlink launches after satellite mishap — and another Falcon 9 is already queued

Goldman Said to Get Lead Spot as SpaceX IPO Nears $1.75 Trillion Listing

Goldman Sachs is set to lead SpaceX’s planned IPO, which could become the largest in history, with a targeted valuation of about $1.75 trillion, Reuters reported. SpaceX aims to publish its prospectus as soon as Wednesday and list on Nasdaq under the ticker SPCX as early as June 12. The company’s next Starship test flight is scheduled for May 21 from Texas. Morgan Stanley, Bank of America, Citigroup, and JPMorgan are also expected to play major roles.
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20 May
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