Today: 14 May 2026

Khadija Saeed

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

Kraft Heinz Stock Jumps After Q1 Sales Beat Puts CEO’s $600 Million Turnaround in Play

Kraft Heinz Stock Jumps After Q1 Sales Beat Puts CEO’s $600 Million Turnaround in Play

Kraft Heinz reported first-quarter net sales of $6.05 billion, beating analysts’ estimates and sending shares up 3.6% in early trading. Organic net sales fell 0.4% as higher prices failed to offset lower volumes. The company maintained its 2026 outlook despite inflation and an expected hit from reduced SNAP benefits. CEO Steve Cahillane said pausing a planned split freed funds for brand investment.
6 May 2026
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Hut 8 Stock Jumps After $9.8 Billion Texas AI Data Center Lease Speeds Its AI Pivot

Hut 8 Stock Jumps After $9.8 Billion Texas AI Data Center Lease Speeds Its AI Pivot

Hut 8 shares surged 32% Wednesday after the company signed a 15-year, $9.8 billion lease for 352 megawatts of IT capacity at its Beacon Point data center in Texas. The deal boosts Hut 8’s contracted AI data center capacity to 597 MW and total contract value to $16.8 billion. Revenue for the first quarter rose to $71 million, but net loss widened to $253.1 million, mainly due to unrealized losses on digital assets.
6 May 2026
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Super Micro Stock Jumps 19% as AI Server Forecast Overrides Revenue Miss

Super Micro Stock Jumps 19% as AI Server Forecast Overrides Revenue Miss

Super Micro Computer shares rose 19% after the company forecast stronger-than-expected fourth-quarter revenue and profit. Net sales for the quarter ended March 31 jumped to $10.24 billion, with net income at $483 million. The company’s outlook topped analyst estimates, but revenue missed some forecasts due to customer and supply-chain delays. Shares traded at $33.13, up $5.30 from Tuesday’s close.
6 May 2026
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Coinbase Layoffs Hit 700 Jobs as AI Rebuild Intensifies Tech Worker Anxiety

Coinbase Layoffs Hit 700 Jobs as AI Rebuild Intensifies Tech Worker Anxiety

Coinbase will cut about 700 jobs, or 14% of its global workforce, as it restructures around artificial intelligence and responds to weak crypto markets. The company expects to complete the layoffs in the second quarter at a cost of $50 million to $60 million. CEO Brian Armstrong cited both market downturn and AI-driven automation as reasons for the move. U.S. staff will receive at least 16 weeks’ pay and six months of health coverage.
6 May 2026
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Marvell Stock’s 67% AI Rally Faces a Crucial May Earnings Test

Marvell Stock’s 67% AI Rally Faces a Crucial May Earnings Test

Marvell Technology will report fiscal Q1 2027 results on May 27, following a 66.7% stock surge in April and heightened investor focus on its Nvidia partnership and data-center business. U.S. chip stocks, including Marvell, rose Wednesday after AMD’s upbeat outlook on AI infrastructure demand. Marvell’s fiscal 2026 revenue climbed 42% to $8.2 billion, driven by strong AI demand and new design wins.
6 May 2026
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Intel Stock Rally Faces Its Biggest AI Test Yet as Apple Talks and AMD Forecast Lift Chips

Intel Stock Rally Faces Its Biggest AI Test Yet as Apple Talks and AMD Forecast Lift Chips

Intel shares jumped 6% in U.S. premarket trading Wednesday after AMD raised its server CPU growth forecast and reported a 57% surge in data-center revenue. Apple has held early talks with Intel and Samsung about making device processors in the U.S., Bloomberg reported. Intel’s Q1 revenue rose 7% to $13.6 billion, with its Data Center and AI unit up 22%.
6 May 2026
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Flex AI Data Center Spin-Off: Why Shares Jumped Before the Bell

Flex AI Data Center Spin-Off: Why Shares Jumped Before the Bell

Flex will spin off its Cloud and Power Infrastructure unit as a separate public company, with CEO Revathi Advaithi set to lead the new entity, SpinCo. Flex shares jumped 28.4% premarket to $123.84 after reporting Q4 net sales of $7.5 billion, up 17%. SpinCo will target AI data center infrastructure, aiming for 65%-75% revenue growth in fiscal 2027. Key financial details and regulatory approvals remain undisclosed.
6 May 2026
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Netflix Stock Just Fell Under $90 — Reed Hastings’ $38 Million Sale Is Only Part of the Story

Netflix Stock Just Fell Under $90 — Reed Hastings’ $38 Million Sale Is Only Part of the Story

Netflix shares fell 3.4% to $87.57 Tuesday after co-founder Reed Hastings disclosed a major insider sale ahead of his planned board departure in June. The stock traded below $88 in pre-market Wednesday, pressured by a weak second-quarter outlook and ongoing investor concerns. Hastings sold 407,550 shares on May 1, according to an SEC filing. Competition from Paramount and Disney continues to intensify.
6 May 2026
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SMH ETF Is Back in the AI Chip Rally. One Risk Still Could Bite Investors

SMH ETF Is Back in the AI Chip Rally. One Risk Still Could Bite Investors

The VanEck Semiconductor ETF (SMH) jumped to $522.69 premarket Wednesday, up $16.25, as AMD shares surged nearly 18% after forecasting Q2 revenue of $11.2 billion and reporting 38% Q1 revenue growth. Intel, Arm, Qualcomm, and Micron also rose. SMH is up 40.69% year to date, with Nvidia and Taiwan Semiconductor among its largest holdings. TSMC reported Q1 revenue up 40.6% to $35.90 billion.
6 May 2026
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CoreWeave Stock’s $66.8 Billion Question: Can AI Backlog Become Real Revenue?

CoreWeave Stock’s $66.8 Billion Question: Can AI Backlog Become Real Revenue?

CoreWeave will report first-quarter results May 7 after the market close, with Wall Street expecting a loss of 91 cents per share on $1.97 billion in revenue. Shares traded at $127.89, up 2% premarket. The company ended 2025 with a $66.8 billion revenue backlog and recently signed major deals with Meta, Anthropic, and Jane Street. Guidance calls for up to $2 billion in Q1 revenue and $30–$35 billion in 2026 capital spending.
6 May 2026
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IREN Stock Jumps After $625 Million Mirantis Deal Deepens AI Cloud Push

IREN Stock Jumps After $625 Million Mirantis Deal Deepens AI Cloud Push

IREN Ltd will acquire Mirantis Inc in an all-share deal worth about $625 million, expanding into cloud software and AI infrastructure. IREN shares rose 10.6% to $54.74 after the announcement. Mirantis will operate as a standalone subsidiary, supporting IREN’s AI cloud deployments. The deal is subject to regulatory approval and customary closing conditions.
6 May 2026
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Nebius Stock Near Record High After $643 Million Eigen AI Deal — Q1 Earnings Could Decide The Next Move

Nebius Stock Near Record High After $643 Million Eigen AI Deal — Q1 Earnings Could Decide The Next Move

Nebius agreed to acquire Eigen AI for about $643 million in cash and shares, aiming to expand into higher-margin AI software. Nebius shares hovered near record highs at $175.92 after the deal, ahead of its May 13 Q1 earnings report. The company will integrate Eigen AI’s tools into its Token Factory platform and gain a Bay Area engineering presence. Investors are watching for updates on recurring revenue and data-center expansion.
6 May 2026
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Novo Nordisk Stock Jumps After Wegovy Pill Sales Surprise in Lilly Obesity Fight

Novo Nordisk Stock Jumps After Wegovy Pill Sales Surprise in Lilly Obesity Fight

Novo Nordisk raised its 2026 outlook after early U.S. sales of its new Wegovy weight-loss pill surpassed 2 million prescriptions since January, beating expectations. Shares jumped as much as 9.2% in Copenhagen. Adjusted first-quarter sales fell 10% to 70.06 billion crowns, but reported net sales rose 24% to 96.82 billion crowns after a U.S. drug pricing provision reversal.
6 May 2026
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Oil Plunges As Trump Halts Hormuz Mission And Iran Deal Hopes Surge

Oil Plunges As Trump Halts Hormuz Mission And Iran Deal Hopes Surge

President Donald Trump paused a U.S. naval operation to move commercial ships through the Strait of Hormuz as Washington and Tehran neared a memorandum to end the Gulf war, according to Reuters. Brent crude fell over 8% to about $100 a barrel on the news. Iran has not publicly accepted the deal. A CMA CGM container ship was attacked in the strait on Tuesday, injuring crew and damaging the vessel.
6 May 2026
US Stock Futures Today: Dow, S&P 500 and Nasdaq Jump as AMD AI Rally Meets Iran Deal Hopes

US Stock Futures Today: Dow, S&P 500 and Nasdaq Jump as AMD AI Rally Meets Iran Deal Hopes

U.S. stock index futures surged early Wednesday, with Dow futures up 558 points and Nasdaq 100 futures rising 1.6%, driven by AMD’s strong revenue forecast and progress in U.S.-Iran talks to end the Gulf war. Brent crude dropped 8.44% to $100.60. AMD shares jumped nearly 18% pre-market, while Intel and Arm Holdings also gained. The S&P 500 and Nasdaq closed at record highs Tuesday.
6 May 2026
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US Stock Market Today After Hours: S&P 500, Nasdaq Hit Records as AMD Jumps on AI Demand

US Stock Market Today After Hours: S&P 500, Nasdaq Hit Records as AMD Jumps on AI Demand

U.S. stocks closed at record highs Tuesday, with the S&P 500 up 0.81% and the Nasdaq gaining 1.03%. AMD surged 12% after hours on a strong revenue forecast, while Intel rose 13% on reports Apple may use its chipmaking services. Super Micro Computer jumped 17% in late trading after projecting higher-than-expected revenue. The PHLX semiconductor index hit a record, up 55% this year.
6 May 2026
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Stock Market Today

  • Lean Hog Futures Edge Higher Amid Mixed USDA Reports
    May 14, 2026, 11:35 AM EDT. Lean hog futures climbed on Wednesday, led by front-month contracts rising 55 cents to $2.92. The near-expiry May contract dipped slightly. USDA reported the national base hog price up 32 cents to $95.51, with the CME Lean Hog Index rising 7 cents to $90.48. Pork carcass cutout value increased 51 cents to $96.03 per hundredweight, though picnic and belly cuts fell. Wednesday's federally inspected hog slaughter was 484,000 head, slightly lower week-on-week but higher than last year. Open interest increased by 2,460 contracts, indicating fresh buying activity ahead of Thursday's trade.

Latest articles

Snap Stock Is Sliding Again: Why Wall Street Is Turning Cautious on SNAP

Snap Stock Is Sliding Again: Why Wall Street Is Turning Cautious on SNAP

14 May 2026
Snap Inc. shares dropped 34 cents to $5.27 early Thursday after Freedom Broker downgraded the stock, citing weak advertising growth and ongoing cost pressures. First-quarter revenue rose 12% to $1.53 billion, but ad revenue increased just 3% and the company forecast lower profits for the second quarter. Snap faces competition from Meta, TikTok, and Pinterest as advertisers shift budgets.
Citadel’s Hong Kong Quant Ultimatum Has Wall Street Watching Singapore, Miami And Data Risk

Citadel’s Hong Kong Quant Ultimatum Has Wall Street Watching Singapore, Miami And Data Risk

14 May 2026
Citadel has relocated some Hong Kong-based quantitative researchers to Singapore or Miami after telling staff to move or leave, the Financial Times reported. The hedge fund denied data-security concerns drove the decision and said it continues to hire in Hong Kong. Some employees quit instead of relocating. Citadel manages $67 billion and has nearly 200 staff in Hong Kong.
Dow Jones Live Update: 50,000 Is Back in Play as Cisco Surge Lifts Wall Street

Dow Jones Live Update: 50,000 Is Back in Play as Cisco Surge Lifts Wall Street

14 May 2026
The Dow rose 198 points to 49,891 in late-morning trading as Cisco shares surged 17% after raising its annual revenue forecast and announcing nearly 4,000 job cuts. The S&P 500 and Nasdaq hit intraday records, boosted by gains in AI-linked stocks including Nvidia. April retail sales rose 0.5% from March, while weekly jobless claims increased by 12,000 to 211,000.
US Stock Market Live: Why Wall Street Is Hitting Records Even With Inflation Running Hot

US Stock Market Live: Why Wall Street Is Hitting Records Even With Inflation Running Hot

14 May 2026
The S&P 500 and Nasdaq hit new intraday highs Thursday, led by gains in Nvidia and Cisco. April retail sales rose 0.5%, while jobless claims increased to 211,000. Cisco shares surged after raising its annual revenue forecast and reporting $5.3 billion in AI infrastructure orders. Rate-cut odds for June remained low, with market pricing near a 97% chance the Fed holds.
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