GlobalFoundries on watch for $1.91 billion move after volatile stretch
GlobalFoundries Inc. slipped at the end of the holiday-shortened week, giving up much of its strong May gains after a big stock sale from its main shareholder.
Wall Street’s ‘fear gauge’ sinks to four-month low as stocks make new highs
VIX closed at 15.32 on Friday, the lowest in over four months, as buying in U.S. stocks held at record highs and option prices for short-term protection dropped. Cboe gave the VIX spot at 15.32 on May 29. Investing.com had the index down 2.67% for the day.
Ciena drops 13% after earnings surprise as AI network demand meets mixed market reaction
Ciena Corp. stock is down a bit for the abbreviated holiday week, as traders look ahead to the June 4 earnings release. Investors are watching to see if the report justifies the buzz around AI-networking names. U.S. markets stay shut over weekends, and the NYSE says May 25, Memorial Day, is a market holiday in 2026.
Samsara Stock Moves Up Ahead of Earnings, Volatility May Hit Next Week
Samsara Inc. shares rose 10.8% on Friday, wrapping up about a 12% gain in this holiday-shortened week. Investors were getting in before the connected-operations software company’s fiscal first-quarter report set for next Thursday.
Palo Alto Networks Stock Gains 9%, with Tuesday the Next Marker
Palo Alto Networks shares jumped 9.28% to $281.69 on Friday, capping a choppy, shortened week. Investors bought in ahead of earnings and after the company wrapped up its acquisition of AI security startup Portkey. The stock hit an intraday high of $283.71, according to historical price data.
Rolls-Royce Stock Extends Gains, Faces Test in Coming Days
Rolls-Royce Holdings closed out the shortened London week in the green, with shares rising for a fourth straight session. The aircraft-engine maker stayed near the top of the FTSE 100, even as the wider index dropped on Friday.
Replimune jumps 85% after FDA opens up third dose for skin cancer therapy
Replimune Group shares rallied Friday afternoon. The company said it reached a deal with the U.S. Food and Drug Administration to resubmit RP1, its experimental advanced melanoma drug. Shares jumped $3.96, or roughly 85%, to $8.64 after hitting $9.05. The SPDR S&P Biotech ETF added about 0.8%.
3X AI Chip ETF surged from $100,000 to $1.28 million, but future gains get harder
Direxion Daily Semiconductor Bull 3X Shares traded just above $220 early Friday, down from a $224.63 close, according to market data. That follows a big run over the past year. 24/7 Wall St. estimated a $100,000 investment made on May 28, 2025, would have been worth around $1.28 million by May 27.
ByteDance AI chip effort may open Qualcomm to new markets outside smartphones
ByteDance is moving faster on custom AI chips, working on its own CPUs and reportedly tied to a Qualcomm data-center chip deal, as the TikTok parent looks to ease hardware bottlenecks for its AI plans.
Dell stock catches Wall Street’s AI hardware attention
Dell Technologies stock rallied Friday after the company lifted its full-year forecast and posted strong quarterly results. The former PC giant has become a clear play on AI server demand in the public market.
Opendoor stock gains on Russell 3000 move, but mortgage rates remain key
Opendoor Technologies Inc. was flat ahead of the open on Friday, trading at $5.08. Shares ended Thursday at $5.07. The action comes as traders focus on the stock’s June inclusion in the Russell 3000, with no new operating news out.
Dimon signals possible return of $20 billion JPMorgan deal
JPMorgan Chase CEO Jamie Dimon said the bank could shell out $10 billion to $20 billion for a deal sometime in the next few years, according to Bloomberg Law. Dimon told Bloomberg the bank is “on the lookout” for an acquisition.
HPE shares jump ahead of earnings after Dell’s AI server surge
Hewlett Packard Enterprise shares moved up sharply before the open Friday, getting a boost from a rally in Dell Technologies. Dell raised its annual outlook on higher demand for Nvidia-powered AI servers. Reuters put HPE up 23.5% ahead of the bell. Super Micro Computer was also higher in premarket, up 10.7%.
STB Puts Union Pacific-Norfolk Southern Deal on Hold, Seeks More Details
Union Pacific and Norfolk Southern cleared a hurdle as the U.S. Surface Transportation Board said Thursday it would accept their revised filing on the planned $85 billion merger, but put the case on pause. The board told the rail firms they have to provide more information by July 27 before the main review can begin.
US stock futures steady as Street eyes Fed and Dell jump
Stock index futures mostly held steady early Friday, with Wall Street holding close to record levels as traders waited for details on a possible U.S.-Iran ceasefire extension. Premarket action also chased a jump in Dell Technologies. As of 4:46 a.m. ET, Dow E-minis had gained 37 points, or 0.07%. S&P 500 E-minis were up 2.5 points, or 0.03%, and Nasdaq 100 E-minis traded lower by 6 points, or 0.02%.
Virgin Galactic Stock Bounces Back; SPCE Eyes Key Test
Virgin Galactic Holdings shares traded at $4.53 before the New York open, after jumping 19.53% Thursday. That move pushed the stock to its highest close in weeks and was its fifth session in a row of gains. MarketWatch said 39.6 million shares changed hands, nearly four times the 50-day average. NYSE trading starts at 9:30 a.m. Eastern.
Nokia’s AI Rally Hits a Wall as Shares Slide Again in Helsinki
Nokia shares fell again on Friday, slipping more than the wider Finnish market as investors cut exposure after a sharp AI-led rally in the telecoms equipment maker.
Sivers Shares Spike 1,700% Before Short Sellers Move on Q1 Sales Miss
Sivers Semiconductors on Friday posted a 22% drop in first-quarter sales, after a year when the AI-linked stock rallied about 1,700%. Net sales fell to SEK 61.9 million from SEK 78.9 million. Adjusted EBITDA slipped further into the red, coming in at minus SEK 13.8 million. Both retail and short sellers have been trading the stock heavily this year.
NetApp Up 13% After Strong Earnings, Citing AI Storage Demand
NetApp surged about 13% to near $161 in Thursday’s after-hours trade as the company topped Wall Street targets for its latest quarter. NetApp also issued a fiscal 2027 forecast that suggested higher demand from AI and cloud customers. The stock ended the regular session off 0.24% at $142.40.
BlackBerry rises as QNX robot-AI push grabs attention
BlackBerry Ltd shares gained in U.S. trading Thursday, trading near $8.78 after reaching $9.03 earlier in the day. The move came as traders kept piling in on bets around a rally tied to the QNX software unit. Trading volume was about 32.1 million shares and market cap hovered around $5.2 billion.
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