BitMine Faces Tough Market Check on $11.6B Ether Play
BitMine Immersion Technologies shares dropped Wednesday as ether tumbled and investors focused on one of the biggest corporate investments in the Ethereum blockchain.
AMD Stock Holds Up As AI Rack Sales Draw Bulls
AMD gained 1.4% to $528.87 early Wednesday, shaking off declines in chip ETFs as investors saw new signs the company is making a bigger push into AI data-center gear. Nvidia dropped 2.3%. Intel was up 5.0%. Both iShares Semiconductor ETF and VanEck Semiconductor ETF slipped.
Medtronic Stock Jumps On Heart-Device Beat, But One 2027 Warning Hangs Over Rally
Medtronic plc shares jumped on Wednesday after the medical-device maker beat Wall Street’s fiscal fourth-quarter sales and profit estimates, helped by demand for heart devices used in complex cardiac procedures. The stock was recently up 5.1% at $77.52, outpacing a 0.6% rise in the iShares U.S. Medical Devices ETF.
Palo Alto shares fall premarket even after AI cyber earnings beat
Palo Alto Networks shares slid in premarket trading Wednesday. The cybersecurity firm had raised its annual guidance and reported revenue above forecasts, helped by demand for its AI-related security products.
Ford Faces Recall of 420,000 Vehicles Ahead of CFO’s UBS Test, Shares Trade Lower
Ford Motor heads into Wednesday’s premarket with a new recall hanging over it. U.S. regulators said the company will recall almost 420,000 vehicles. That news lands right after the stock slid 2.89% to close at $16.15 on Tuesday, erasing some gains from its late-May rally.
Nu Holdings Stock Falls After CFO Departs
Nu Holdings Ltd. shares open Wednesday after dropping hard on Tuesday when Nubank said Rob Livingston, who spent years at Visa, will be the next CFO. The same day, BofA Securities downgraded the stock to Underperform, saying it expects the shares to lag its coverage group.
GameStop Reports Record Profit, Plans $2 Billion Buyback as eBay Concerns Surface
GameStop Corp. turned in its biggest ever quarterly net income and announced a $2 billion share buyback Tuesday. The retailer, which has shifted focus further into trading cards, toys and collectibles, reported first-quarter net income of $389.6 million, up from $44.8 million a year ago.
Ulta Beauty Raises Outlook, Shares Jump on Steady Beauty Demand
Ulta Beauty lifted its full-year profit target Tuesday after posting stronger-than-expected quarterly results, as spending picked up on fragrance, skin care and more expensive beauty items. Shares jumped roughly 7% after hours.
Dow, S&P inch up as AI surge faces $80 billion hurdle
U.S. stocks finished Tuesday little changed. The Dow picked up 149.01 points, or 0.29%, to 51,227.89. The S&P 500 was up 4.85 points, or 0.06%, at 7,604.81. The Nasdaq Composite slipped 13.96 points, or 0.05%, closing at 27,072.85. Buyers stuck with AI names, while companies with high spending needs and Middle East risk got less support. Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder, said it was “a mixed market today.”
Dow Jones Moves Up in Late Trading
Dow eked out a small gain Tuesday, finishing higher as U.S. blue chips benefited from ongoing excitement over artificial intelligence spending. That enthusiasm managed to counterbalance concerns about inflation and continued Middle East tensions after the bell.
Oklo Shares Jump as Nuclear Fuel Theme Draws Traders
Oklo Inc. shares climbed Tuesday with traders moving back into nuclear stocks linked to AI power needs and the U.S. push to ramp up advanced-reactor rollouts.
FuelCell Energy Stock Surges, Options Traders Brace for More Volatility
FuelCell Energy shares jumped Tuesday. The stock bounced back after a soft start to the week as traders got set for what could be a volatile earnings print from the clean-power firm.
DRAM-focused ETF’s $13 Billion Run on AI Memory Sets Up Market’s Tightest Chip Trade
Roundhill Memory ETF saw $553.7 million in new inflows on May 29, ETF.com reported Monday, keeping the AI-memory fund in the list of top 10 daily creations among U.S. ETFs. Assets hit $13.36 billion. The fund is an exchange-traded basket of securities that trades like a stock.
IBM Gets Attention From Wall Street, Washington and Reddit After Moves
IBM stock cooled off on Tuesday, slipping 0.4% to $319.10 at 10:57 a.m. EDT, after hitting an intraday high of $327.22. Shares had surged in the previous two sessions, pushing the old tech name into momentum territory as quantum computing, a Barclays upgrade, and new retail buzz fueled interest. At that level, IBM's market cap stood around $304 billion.
POET Technologies Stock Rises After Pullback as AI-Optics Traders Step In
POET Technologies shares gained roughly 10% in early Nasdaq trade Tuesday. The move reversed some of last week’s slide as traders rotated back into the volatile AI-hardware stock.
CrowdStrike’s 70% AI Rally Faces One Hard Test This Week
CrowdStrike shares fell about 2.2% in early Nasdaq trading on Tuesday, easing to $764.67 as investors looked ahead to fiscal first-quarter results due after the U.S. market close on Wednesday. The cybersecurity company said it will hold its results call at 5:00 p.m. Eastern time.
Ford Stock Slips Before Market Open as Wall Street Questions AI Battery Gains
Ford Motor stock traded lower in premarket Tuesday, off at $16.56 after falling 4.64% to $16.63 Monday. That fall trimmed gains from the recent May run. The action happened before the NYSE opened at 9:30 a.m. ET, ahead of typical trading volume.
Meta Shares Sink on AI Spending Plans — Street Eyes $145 Billion
Meta Platforms stock faces pre-market losses on Tuesday, after investors raised fresh questions over the Facebook and Instagram owner’s AI spending. Wall Street is again looking at how much Meta will spend to compete in artificial intelligence.
Wall Street Finishes at New Highs on AI Surge; HPE Grabs Spotlight After Hours
S&P 500 and Nasdaq futures gave up some ground late Monday, after both indexes closed at new records thanks to strong tech led by Nvidia. Hewlett Packard Enterprise shares moved higher after the bell on a better forecast, but U.S. stock-index ETFs slipped in after-hours trading.
Broadcom Shares Up Ahead of Earnings With AI Sales in Focus
Broadcom Inc. shares gained roughly 3% late Monday as traders set up ahead of the chip and software firm’s quarterly report, seen as a test for demand on its AI chip business after a strong run this year. The stock last traded at $459.97. Volume was above 30 million shares, moving between $443.00 and $477.77 during the session.
