Today: 15 May 2026

Khadija Saeed

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

Super Micro (SMCI) Faces Fresh Lawsuit Deadline as DOJ Overhang Clouds AI Growth

Super Micro (SMCI) Faces Fresh Lawsuit Deadline as DOJ Overhang Clouds AI Growth

Super Micro Computer faces a May 26 deadline for shareholders seeking lead plaintiff status in a securities lawsuit alleging undisclosed China sales and export-control lapses. The company’s stock rose 2.7% Thursday but remains volatile after March criminal charges against former employees triggered a 33% drop. Super Micro is cooperating with investigators and says independent directors are overseeing a board probe.
23 April 2026
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Capital One $425 Million Settlement Gets Final Approval — When 360 Savings Payments May Arrive

Capital One $425 Million Settlement Gets Final Approval — When 360 Savings Payments May Arrive

A federal judge in Virginia has approved Capital One’s $425 million settlement over low-interest 360 Savings accounts, clearing payouts for account holders from September 2019 to June 2025. Payments are set to begin July 21 if there is no appeal. Current 360 Savings customers will get the higher 360 Performance Savings rate once the deal takes effect. Plaintiffs’ lawyers were awarded $32 million in fees.
23 April 2026
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Lam Research stock jumps after record quarter, stronger forecast points to more AI chip spending

Lam Research stock jumps after record quarter, stronger forecast points to more AI chip spending

Lam Research reported record March-quarter revenue of $5.84 billion, up 24% from a year ago, and adjusted earnings of $1.47 a share, both above Wall Street forecasts. Shares rose about 4% after hours. China accounted for 34% of revenue. Lam raised its 2026 wafer fabrication equipment outlook to $140 billion and forecast stronger June-quarter results than expected.
23 April 2026
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Lululemon names former Nike executive Heidi O’Neill CEO as founder pressure mounts

Lululemon names former Nike executive Heidi O’Neill CEO as founder pressure mounts

Lululemon named former Nike executive Heidi O’Neill as CEO, effective Sept. 8, amid pressure from founder Chip Wilson and Elliott Investment Management. The announcement follows a 4% drop in Americas revenue last quarter, while international sales climbed 17%. O’Neill will join the board and be based in Vancouver. Interim co-CEOs Meghan Frank and André Maestrini will return to their previous roles in September.
23 April 2026
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Texas Instruments Stock Jumps as Strong Forecast Signals Chip Demand Is Waking Up

Texas Instruments Stock Jumps as Strong Forecast Signals Chip Demand Is Waking Up

Texas Instruments projected second-quarter revenue of $5.00–$5.40 billion and earnings per share of $1.77–$2.05, both above analyst estimates. First-quarter revenue rose 19% to $4.83 billion, with net income up to $1.55 billion. Shares jumped about 8% in after-hours trading. The company cited stronger demand from data-center and industrial customers.
22 April 2026
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ServiceNow Stock Sinks As Iran War Hits Deals And CEO Calls AI Threat ‘Parlor Tricks’

ServiceNow Stock Sinks As Iran War Hits Deals And CEO Calls AI Threat ‘Parlor Tricks’

ServiceNow shares dropped 14% in after-hours trading Wednesday after the company said Middle East conflict delayed several large deals, despite raising its annual subscription revenue forecast. First-quarter subscription revenue rose 22% to $3.67 billion. Short interest in the stock stood at 2.9%, with shares down about 35% this year before earnings. CEO Bill McDermott highlighted growing demand for AI products, raising the 2026 AI sales target to at least $1.5 billion.
22 April 2026
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Tesla Earnings Surprise: $1.4 Billion Cash Flow Steals Focus From Revenue Miss

Tesla Earnings Surprise: $1.4 Billion Cash Flow Steals Focus From Revenue Miss

Tesla reported $1.44 billion in free cash flow for the first quarter, sending shares up 3.4% in late trading, despite revenue of $22.39 billion missing Wall Street estimates. Vehicle deliveries rose 6% to 358,023 but lagged forecasts, while global inventory climbed to 27 days of supply. Net income rose 17% to $477 million. Tesla ended the quarter with $44.74 billion in cash and short-term investments.
22 April 2026
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Warner Bros. Discovery Shareholders Are Hours From Paramount Vote That Could Redraw Hollywood

Warner Bros. Discovery Shareholders Are Hours From Paramount Vote That Could Redraw Hollywood

Warner Bros. Discovery shareholders face a Wednesday night deadline to vote on Paramount Skydance’s $110 billion takeover offer, with a special meeting set for Thursday morning. Shares traded 12% below the $31-per-share offer Wednesday, signaling investor doubts despite board support. The U.S. Justice Department has issued subpoenas, and UK regulators are reviewing the deal. Nearly 3,500 industry figures have signed an anti-merger letter.
22 April 2026
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TSMC Debuts A13, Holds Off on ASML’s High-NA EUV Tools Until 2029

TSMC Debuts A13, Holds Off on ASML’s High-NA EUV Tools Until 2029

TSMC unveiled its A13 chip technology Wednesday, confirming it will not adopt ASML’s High-NA EUV machines before 2029. The A13 node offers 6% area savings over A14 and maintains design compatibility. TSMC also introduced N2U, a 2-nanometer variant due in 2028. The company is expanding advanced packaging, with a 14-reticle CoWoS platform planned to combine large compute dies and high-bandwidth memory.
22 April 2026
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ASML Says It Can Keep Up With AI Chip Boom in 2026, but China Curbs Still Loom

ASML Says It Can Keep Up With AI Chip Boom in 2026, but China Curbs Still Loom

ASML CEO Christophe Fouquet told investors the company will not be a bottleneck for chipmakers in 2026 after boosting capacity and productivity. ASML last week raised its 2026 sales forecast to 36–40 billion euros following first-quarter sales of 8.8 billion euros and net income of 2.8 billion euros. Risks remain from U.S. export controls on China and the pace of next-generation EUV tool adoption.
22 April 2026
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Alphabet Stock Gets Fresh $410 Target Ahead of Earnings as Gemini and Google Cloud Lift Outlook

Alphabet Stock Gets Fresh $410 Target Ahead of Earnings as Gemini and Google Cloud Lift Outlook

Alphabet shares rose 1.7% to $337.93 midday Wednesday after BMO Capital Markets raised its price target to $410 and BofA Securities reiterated a Buy at $370 ahead of next week’s earnings. At Google Cloud Next in Las Vegas, Google unveiled new AI agents, custom chips, and announced major deals with Merck, PepsiCo, and Salesforce. Analysts cited accelerating Google Cloud growth and stronger AI integration in Search.
22 April 2026
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AMD Stock Jumps as Stifel Lifts Price Target to $320 Ahead of May 5 Earnings

AMD Stock Jumps as Stifel Lifts Price Target to $320 Ahead of May 5 Earnings

AMD shares jumped 6% to $302.24 after Stifel raised its price target to $320 and reiterated a Buy rating. The stock is now less than 6% below Stifel’s new target and near Bank of America’s $310 target. AMD has major AI chip supply deals with Meta and OpenAI, with shipments set to begin in late 2026. The company reported record Q4 2025 revenue of $10.3 billion, with data-center sales up 39%.
22 April 2026
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Why GE Aerospace Stock Fell Despite an Earnings Beat and a $210 Billion Backlog

Why GE Aerospace Stock Fell Despite an Earnings Beat and a $210 Billion Backlog

GE Aerospace shares fell 4% Wednesday despite beating Q1 estimates and raising its 2026 profit outlook, as management kept its full-year forecast unchanged. First-quarter orders jumped 87% to $23 billion and adjusted EPS rose 25% to $1.86. Airlines warned that the Iran war has raised fuel costs and clouded demand, testing GE’s service revenue resilience. GE’s commercial-services backlog stands above $170 billion.
22 April 2026
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Microsoft Stock’s $500 Question: Why Wall Street Is Watching Azure Before Earnings

Microsoft Stock’s $500 Question: Why Wall Street Is Watching Azure Before Earnings

Microsoft shares rose 1.7% to $431.31 Wednesday as investors focused on Azure growth and Copilot adoption ahead of next week’s earnings. Bank of America maintained a buy rating and $500 target, citing AI infrastructure and cloud gains as key factors. Last quarter, revenue climbed 17% to $81.3 billion, but heavy AI spending and only slightly better-than-expected cloud growth unsettled some investors.
22 April 2026
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IBM Earnings Today: Red Hat, Confluent and AI Risk Put a $15.6 Billion Quarter in Focus

IBM Earnings Today: Red Hat, Confluent and AI Risk Put a $15.6 Billion Quarter in Focus

IBM will report first-quarter results Wednesday after markets close, with analysts expecting adjusted earnings of $1.81 per share on $15.6 billion in revenue. Investors are watching for signs that software growth, boosted by the $11 billion Confluent acquisition in March, can support a higher 2026 outlook. Red Hat’s performance and updated guidance are in focus. Several analysts cut price targets ahead of the report but kept positive ratings.
22 April 2026
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Broadcom Stock Nears Record as Google AI Chip Push Fuels AVGO Breakout Bet

Broadcom Stock Nears Record as Google AI Chip Push Fuels AVGO Breakout Bet

Broadcom shares jumped over 4% Wednesday, trading near a record $420, after Google unveiled new TPU 8t and TPU 8i AI chips. Broadcom recently disclosed a long-term deal to supply Google with custom TPUs and networking components through 2031. The company reported $19.31 billion in fiscal Q1 revenue, with AI revenue up 106% to $8.4 billion. Investors remain divided over valuation and margin pressures.
22 April 2026
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US Stock Market Today: Nasdaq Leads Wall Street Rally as Iran Ceasefire Relief Meets Earnings Momentum

US Stock Market Today: Nasdaq Leads Wall Street Rally as Iran Ceasefire Relief Meets Earnings Momentum

The Nasdaq rose 1.29% as technology and chip stocks led gains after President Trump extended the Iran ceasefire. GE Vernova, Boeing, and Boston Scientific advanced following earnings reports. Oil hovered near $100, with fresh ship seizures in the Strait of Hormuz highlighting ongoing risks. At 11:25 a.m. ET, the Dow was up 381 points, the S&P 500 gained 61 points, and the Nasdaq climbed 314 points.
22 April 2026
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Uber Now Owns 11.5% of Lucid. The Robotaxi Bet Is Bigger Than It Looked

Uber Now Owns 11.5% of Lucid. The Robotaxi Bet Is Bigger Than It Looked

Uber disclosed an 11.52% passive stake in Lucid Group, owning 37.8 million shares through a subsidiary, according to an SEC filing dated April 20. The move follows Uber’s expanded $500 million investment and a commitment to purchase at least 35,000 Lucid robotaxi vehicles. Lucid shares fell 1.3% Wednesday after a prior rally. The companies plan a commercial robotaxi launch in the Bay Area later this year.
22 April 2026
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Super Micro Stock Climbs Before Earnings As Options Traders Price An 11% Swing

Super Micro Stock Climbs Before Earnings As Options Traders Price An 11% Swing

Super Micro shares rose 2.7% to $29.20 Wednesday morning, extending a rebound ahead of its May 5 earnings report. Options markets are pricing in high volatility, with a 50% chance of a move larger than 10.99% around the results. The report follows a March indictment tied to export controls and compliance concerns. JPMorgan last week cut its price target to $28.
22 April 2026
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Stock Market Today

  • Morgan Stanley Lowers DraftKings Price Target to $39 but Stays Bullish
    May 15, 2026, 11:36 AM EDT. Morgan Stanley analyst Stephen Grambling cut DraftKings' price target to $39 from $40, citing increased spending on prediction markets that weighs on near-term profit forecasts. The price target still implies around 60% upside from the May 12 close of $24.61. Despite adjusted 2026 and 2027 EBITDA estimates setback due to marketing costs, Morgan Stanley upgraded revenue projections to $6.94 billion for 2026 and $8.03 billion for 2027. The firm highlights DraftKings' emerging prediction markets, which reached an annualized $1 billion in volume in April without heavy promotion, as a significant long-term growth driver amid ongoing iGaming and sports betting legalization developments.

Latest articles

Tesla Stock Drops Today as China FSD Hopes Stall After Trump-Xi Summit

Tesla Stock Drops Today as China FSD Hopes Stall After Trump-Xi Summit

15 May 2026
Tesla shares dropped 3.7% Friday after President Trump left Beijing without securing Chinese approval for the company’s Full Self-Driving software. U.S. executives, including Elon Musk, departed the summit with little clarity on regulatory gains. Tesla’s China-made EV sales rose 36% in April, but analysts warn delays in FSD approval and competition from local rivals could limit growth.
Rivian Stock Gets a $3.4 Billion Robotics Twist as R2 EV Test Looms

Rivian Stock Gets a $3.4 Billion Robotics Twist as R2 EV Test Looms

15 May 2026
Mind Robotics, spun out of Rivian, raised $400 million in a round led by Kleiner Perkins, valuing the company at $3.4 billion. The startup uses production data from Rivian’s factories to train industrial robots. Rivian shares traded at $13.96, down 56.5 cents, with a market value of $17.4 billion. Rivian began deliveries of its R2 SUV, targeting 62,000 to 67,000 units in 2026.
Micron Stock Slides as Samsung Strike Threat Tests the AI Memory Boom

Micron Stock Slides as Samsung Strike Threat Tests the AI Memory Boom

15 May 2026
Micron shares fell 5.2% to $735.74 Friday morning, cutting its market value to $838 billion, as investors reacted to profit-taking and a possible 18-day strike at Samsung’s South Korean plants. Bank of America raised Micron’s price target to $950 this week, citing AI-driven memory demand. Samsung’s union said the strike will start May 21. Samsung shares dropped as much as 9.3% on supply concerns.
Plug Power Stock Drops Again: The $5 Billion Hydrogen Turnaround Faces Its Cash Test

Plug Power Stock Drops Again: The $5 Billion Hydrogen Turnaround Faces Its Cash Test

15 May 2026
Plug Power shares fell 1.7% to $3.725 in early Nasdaq trading Friday, following a volatile week after first-quarter results. The company reported a 22% revenue increase to $163.5 million and improved gross margin, but its net loss widened to $245.3 million and operating cash use rose to $150 million. Plug ended March with $802 million in cash and expects $142 million from a hydrogen asset sale in June.
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