Apple Inc’s $4.4 Trillion Fight: EU AI Rules, China Talks and a Stock Near $300
Apple warned EU regulators that proposed rules to open Android to rival AI services could create
Aurora Innovation Stock Jumps After Volvo-DSV Autonomous Truck Launch in Texas
Volvo Autonomous Solutions and DSV launched commercial autonomous freight runs in Texas using a Volvo VNL truck with Aurora’s driver system, operating between Dallas and Houston with a safety driver on board.
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SoFi Bought a Key IPO Access Tool. The Stock Is Still Telling a More Cautious Story
SoFi acquired PrimaryBid’s technology to expand IPO access for retail investors, confirmed by both companies. SoFi shares fell 2.9% to $15.44 after Truist cut its price target, citing concerns over loan and technology platforms. The acquisition follows a drop in technology-platform accounts and comes as SoFi reported strong first-quarter revenue and member growth. Terms of the deal were not disclosed.
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Inter Venezuela Taps Harmonic for 5G-Ready Fiber Backhaul as Network Demand Rises
Inter Venezuela has launched a nationwide XGS-PON mobile backhaul service using Harmonic’s virtualized fiber equipment, aiming to support 5G network expansion. Movistar Venezuela reported 168 active 5G stations in 18 cities as of April. Harmonic recently raised its 2026 broadband revenue outlook to up to $495 million after strong first-quarter growth. Harmonic shares rose 3.2% to $13.37, valuing the company at $1.5 billion.
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Anthropic Launches Claude for Small Business to Take On Payroll, Invoices and Marketing
Anthropic launched Claude for Small Business on Wednesday, integrating its AI assistant with apps like QuickBooks, PayPal, HubSpot, and Canva. The product offers 15 preset workflows and skills for tasks such as payroll, invoicing, and campaign management. U.S. small businesses number 36.2 million and employ 62.3 million people, according to the SBA. PayPal and Canva are among launch partners.
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Quantum Computing Stock Pulls Back After Revenue Surge as Costs Cloud QUBT Rally
Quantum Computing Inc. shares fell 5.4% to $11.14 Wednesday after a sharp post-earnings rise. First-quarter revenue jumped to $3.69 million from $39,000, mainly from Luminar and NuCrypt acquisitions, but operating expenses more than doubled to $19.8 million. The company reported a net loss of $4.1 million. Trading volume neared 25 million shares.
Navitas Stock Jumps After $122 Million Raise: Why The AI Power Chip Bet Matters Now
Navitas Semiconductor raised about $122 million in net proceeds from an at-the-market share sale, nearly completing a $125 million program launched two days earlier, according to a securities filing. The company sold over 6.5 million Class A shares as of May 12. Navitas shares rose 10.5% to $21.28, valuing the company at $4.9 billion. First-quarter revenue fell to $8.6 million from $14 million a year earlier.
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POET Technologies Stock Is Back in Focus After COO Hire, Marvell Fallout and Class-Action Deadline
POET Technologies appointed Sandeep Kumar chief operating officer on May 11 as it prepares its Malaysia plant for higher-volume production. The move comes after Marvell Semiconductor canceled all Celestial AI purchase orders and a U.S. securities lawsuit was filed against POET and two executives. POET shares rose 1.4% to $13.92 in early afternoon trading, with volume above 26 million shares.
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Ondas Stock on Watch After SkyLance Test and Mistral Share Filing Before Q1 Earnings
Ondas Inc.’s Rotron Aerospace completed a firing demo of its SkyLance long-range one-way effector ahead of Ondas’s Q1 results release. Ondas shares fell 12 cents to $8.92 after the company filed for resale of 2.77 million shares tied to its $175 million Mistral acquisition. The Mistral deal boosted Ondas’s backlog to $457 million as of March 31. Rotron was acquired in March for $6.7 million cash and 3.33 million shares.
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Gold Price Drop Deepens as Hot Inflation Shakes Fed Bets Before Trump-Xi Talks
Spot gold fell 0.6% to $4,686.99 an ounce Wednesday after U.S. inflation data fueled bets on higher-for-longer interest rates, pressuring bullion. U.S. gold futures edged up 0.2%. India raised gold and silver import tariffs to 15%, sending local gold futures up 7.2%. Treasury yields climbed toward their highest since July, adding further drag for gold.
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UiPath Stock Drops as Its AI Agent Bet Hits a Hard Earnings Test
UiPath Inc. shares dropped 5.9% to $9.42 on Wednesday, with trading volume above 22 million, after the company launched a new integration for AI coding agents but investors waited for clearer demand signals ahead of its May 28 earnings call. UiPath reported fourth-quarter revenue of $481 million, up 14%, and reached full-year GAAP profitability for the first time.
Wolfspeed Stock Jumps 21% as Citrini Research Reprices AI Power-Chip Bet
Wolfspeed shares surged over 21% to $65.13 Wednesday, with trading volume exceeding 18 million shares and market value reaching $2.55 billion. The rally followed Citrini Research’s endorsement, tying Wolfspeed’s silicon carbide chips to rising AI data-center demand. Wolfspeed reported a $120 million net loss last quarter and expects negative gross margins to continue. Some analysts remain cautious despite the stock’s recent gains.
LinkedIn Layoffs 2026: Why Microsoft’s Job Cuts Hit Even as Revenue Grows
LinkedIn will cut about 5% of its workforce, affecting roles in marketing, engineering, and product teams, according to internal memos and sources. The move comes as LinkedIn reported a 12% revenue increase last quarter and surpassed 1.3 billion members. The company has over 17,500 employees worldwide. Microsoft shares were little changed following the news.
Ford Stock Just Jumped. Ford Energy Is Why Wall Street Is Looking Again
Ford shares jumped 8.5% to $13.01 Wednesday after Morgan Stanley highlighted the company’s CATL-licensed energy storage business as a potential earnings driver. Ford Energy, launched May 11, plans to supply battery storage systems to U.S. data centers and utilities from its Kentucky plant, with first deliveries set for late 2027. Morgan Stanley estimates the unit could generate $500–$600 million in annual EBIT at 20 GWh capacity.
Truckers Face May 14 Deadline As FMCSA’s Motus Registration System Replaces Legacy Tools
The Federal Motor Carrier Safety Administration will retire its legacy registration systems at 8 p.m. ET on May 14, with the new Motus: USDOT Registration System set to launch after a brief transition. Registration changes will be unavailable for about four days during data migration. Companies missing the update window may face manual business and identity checks. FMCSA sent 2.2 million deadline notices to registrants.
Cerebras IPO Frenzy Tests Wall Street’s $50 Billion AI Chip Bet
Cerebras Systems is set to price its IPO above the $150–$160 per share range, Bloomberg reported, with orders more than 20 times available shares, according to Reuters. The company will offer 30 million shares and begin trading Thursday on Nasdaq under the ticker CBRS. Morningstar estimates the revised range could value Cerebras near $50 billion. Cerebras reported over $500 million in revenue last year but remains unprofitable.
AMD’s Quiet Marvell Stake Puts AI Chip Investors on Alert
Marvell Technology shares rose nearly 10% Wednesday after a filing showed AMD held 65,516 shares at the end of March, valued at $6.49 million then and about $11.8 million at current prices. The disclosure drew attention as Marvell is a key supplier for AI data-center hardware. The Philadelphia SE Semiconductor index is up 64% since March. Analysts raised Marvell’s price targets, citing AI demand and hyperscaler investment.
NIO Stock Is Moving Again As ES8 Sales Put Profit Hopes Back In Play
NIO’s U.S.-listed shares rose 43.5 cents to $6.515 Wednesday, valuing the company at about $13.6 billion, as April deliveries climbed 22.8% to 29,356 vehicles. The ES8 SUV accounted for 44% of April’s volume. NIO’s first-quarter results are due May 21. The company remains smaller than rivals XPeng, Li Auto, and BYD.
Stock Market Today: Dow Drops as Hot Inflation Data Puts Fed Rate Cuts on Ice
The U.S. producer price index jumped 1.4% in April, its largest monthly rise since March 2022, pushing the S&P 500 down 0.10% and the Dow off 0.35% late Wednesday morning. The Nasdaq edged up 0.07% as chip stocks rebounded, with the Philadelphia semiconductor index gaining 1.7%. Traders increased bets on no Fed rate cuts this year after the inflation data.
Dow Jones Live Today: Blue-Chip Index Falls as Hot Inflation Puts Fed-Cut Hopes on Ice
The Dow Jones fell 0.35% and the S&P 500 slipped 0.10% Wednesday after April producer prices jumped 1.4%, the largest monthly gain since March 2022. Nasdaq edged up 0.07%. Futures and prediction markets shifted, showing most traders now expect no Federal Reserve rate cuts this year.
Plug Power Stock Rally Has a Catch: Revenue Beat, Cash Burn Still in View
Plug Power reported first-quarter revenue of $163.5 million, up 22% from a year earlier, driven by material handling and electrolyzer sales. Net loss widened to $245.3 million from $196.7 million, while cash used in operations increased to $150 million. Electrolyzer revenue jumped to $40.8 million. Shares fell 1.5% Wednesday morning to $3.505.
Nokia Oyj’s AI Turn Gets a New Boss as Shares Rally Again
Nokia appointed Siemens executive Emma Falck to lead its Mobile Infrastructure unit starting Sept. 1 and join its group leadership team. Nokia shares rose 5.5% in Helsinki after first-quarter profit jumped 54% and sales to AI and cloud customers increased 49%. The company also launched new agentic AI tools for broadband networks. Falck previously held senior roles at Siemens, BCG, and KONE.
Intel Stock’s $440 Billion Run Has a New Problem: Short Sellers Are Back
Intel shares fell about 2% to $118.23 in early trading Wednesday, after a six-week rally added over $440 billion in market value. Short interest is near a 52-week high, with bearish traders facing more than $12 billion in paper losses, according to S3 Partners. Chip stocks now make up 18% of the S&P 500’s weight, driving most of this year’s index gains.
Coterra Energy Stock Is Gone. Devon’s $58 Billion Shale Deal Now Faces Its First Test
Coterra filed SEC amendments May 11 to deregister unsold securities after its merger with Devon Energy closed. Coterra shares stopped trading May 7, with holders receiving 0.70 Devon share per Coterra share. Devon approved an $8 billion buyback and higher fixed dividend as the combined company begins trading under the Devon name.
VNET Stock Surges as CATL-Linked Buyers Move for 38% Stake in China AI Data-Center Bet
PJ Millennium entities, linked to a CATL affiliate, agreed to buy up to 650.4 million VNET Class A shares from SDHG-controlled sellers for $1.4486 each. The deal would give the buyers up to 38.1% of VNET, with closing expected in Q4 2026. VNET’s Nasdaq-listed ADRs jumped over 30% in U.S. trading. The transaction involves existing shares and does not inject new capital into VNET.
Coherent Corp Stock: BofA’s $400 Call Puts AI Optics Back in Play
BofA raised its Coherent Corp. price target to $400, citing demand for high-speed optical transceivers used in AI data centers, but kept a Neutral rating. Coherent reported fiscal Q3 revenue up 21% to $1.81 billion, with Datacenter & Communications revenue jumping 41%. The stock traded near $374. China trade talks and export-control risks remain concerns for the sector.
WeRide Stock Slides Despite Record Q1 Revenue as Robotaxi Losses Loom
WeRide posted record Q1 revenue of RMB114.1 million, up 57.6% year-on-year, but its U.S.-listed shares fell 7.1% in premarket trading as losses stayed high. The company’s global robotaxi fleet reached about 1,300 vehicles by April 30. Net loss widened to RMB389.1 million, while R&D spending rose 11.5% to RMB363.3 million.
SoftBank Group Profit Surges on OpenAI Stake as $64 Billion Bet Faces Cash Test
SoftBank reported January-March net profit more than tripled to ¥1.83 trillion, driven by gains from its OpenAI stake. Full-year net income rose to ¥5.002 trillion, the highest ever by a Japanese company. SoftBank’s OpenAI investment reached $34.6 billion as of March 31, set to increase to $64.6 billion after planned 2026 tranches. The company drew $20 billion from a $40 billion bridge loan to fund additional OpenAI investments.
Why Nextpower Stock Is Jumping: Raised 2027 Outlook, Record Backlog And An $80.5 Million Deal
Nextpower raised its fiscal 2027 revenue forecast after reporting record 2026 revenue and agreeing to buy Zigor and Apex Power conversion assets for up to $80.5 million. Shares jumped 12.5% premarket. Fiscal 2026 revenue rose 20% to $3.56 billion. Spanish foreign-investment approval and deal integration remain key risks.
Crypto ATM Crackdown Spreads as $389 Million Scam Losses Put Kiosks in Crosshairs
Spokane Valley has ordered all virtual-currency kiosks removed within 30 days after police linked them to fraud and one suicide. The FBI reported $389 million in losses tied to crypto ATMs in 2025, with older adults suffering most. Minnesota banned the machines statewide this month. Industry groups argue such bans hurt legitimate users and dispute fraud allegations.
Hot PPI Shock Hits Wall Street As Oil Inventory Test Looms
U.S. producer prices rose 1.4% in April, the largest monthly gain since March 2022, with the Producer Price Index up 6.0% year-over-year, the Bureau of Labor Statistics said Wednesday. Energy prices surged 7.8%, gasoline 15.6%. S&P 500 futures turned negative after the data. The American Petroleum Institute reported U.S. crude inventories fell by 2.2 million barrels last week.
Antelope Enterprise Stock Jumps Again as Bitcoin Gain and Buyback Put AEHL in Focus
Antelope Enterprise Holdings shares jumped 47.55% to $2.11 Tuesday after a 135% surge Friday. The company reported $190,000 in gains from its Bitcoin “Genius Plan” and approved a $95,000 share buyback. A May 11 SEC filing showed Streeterville Capital and affiliates reported zero ownership of Antelope shares. Nearly 49.8 million shares traded Tuesday.
Sivers Semiconductors AB Stock Jumps as MSCI Add Meets Nasdaq Listing Push
Sivers Semiconductors shares surged 31.3% to 56.65 crowns after MSCI added the company to its Sweden small-cap index. Shareholders recently approved a private placement of 8.62 million shares at 14.50 crowns each, raising about 125 million crowns. Sivers is preparing accounts to U.S. standards as it considers a dual listing on Nasdaq New York. The company delayed its 2025 annual report to May 15.
British Gas Debt Warning: Why A £7bn Energy Bill Problem Is Hitting UK Households Now
Britain’s £500 million energy debt relief scheme for low-income households remains stalled, with consumer arrears projected to top £7 billion by year-end. Ofgem says the scheme’s launch depends on new data-sharing laws, while ministers have yet to approve changes. Energy UK reports household energy debt has doubled in three years. British Gas alone saw over £1 billion in unpaid bills last year.
Rocket Lab Stock Hits Record as RKLB’s Neutron Bet Gets Its Toughest Test
Britain’s £500 million energy debt relief plan for low-income households remains stalled, as consumer arrears are projected to exceed £7 billion by year-end. Ofgem says the scheme’s launch depends on government data-sharing legislation. Energy UK reports household energy debt has more than doubled in three years. British Gas alone saw over £1 billion in unpaid bills last year.
CLARITY Act Vote Faces Trump Ethics Fight as Labor, Banks Push Back
The Senate Banking Committee will vote Thursday on the Digital Asset Market Clarity Act, facing late opposition from labor unions, banks, and Democrats citing President Trump’s crypto ties. The latest draft would ban rewards on idle stablecoin balances but allow transaction-based rewards. The American Bankers Association says the bill leaves loopholes. The committee meets May 14 at 10:30 a.m.