Today: 21 June 2026

SMH ETF Nears Record As AI Chip Boom Raises One Big Valuation Question

SMH ETF Nears Record As AI Chip Boom Raises One Big Valuation Question

VanEck Semiconductor ETF (SMH) traded at $520.28 late Tuesday morning, near a record high, up $13.49 from its previous close. The fund’s net asset value rose 40.69% this year and 140.37% over one year through May 4, with total assets at $59.12 billion. Intel, a major SMH holding, jumped $13.72 to $109.50 after reports of talks with Apple. TSMC reported Q1 revenue up 40.6% year-over-year to $35.90 billion.
5 May 2026
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Take-Two’s GTA 6 Bet Is Getting Bigger as Wall Street Tests the $80 Question

Take-Two’s GTA 6 Bet Is Getting Bigger as Wall Street Tests the $80 Question

Take-Two Interactive shares fell about 1% Tuesday after speculation over Grand Theft Auto VI’s possible $80 launch price. Rockstar lists the game for Nov. 19, 2026, on PlayStation 5 and Xbox Series X|S, with no PC version announced. CEO Strauss Zelnick called expectations “exciting and terrifying,” and said AI has not yet reduced development costs. Take-Two reports fiscal results May 21.
5 May 2026
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Xanadu Quantum Technologies Limited Stock Faces a 294 Million-Share Test as EV Group Deal Lands

Xanadu Quantum Technologies Limited Stock Faces a 294 Million-Share Test as EV Group Deal Lands

Xanadu Quantum Technologies and EV Group announced a partnership to scale manufacturing of photonic quantum chips, a day after Xanadu shares fell 60% following the registration of nearly 294 million shares for resale. Xanadu will not receive proceeds from these sales. The company’s first quarterly report as a public firm is due May 14. Shares last traded at $13.90, down 0.6% on Tuesday.
5 May 2026
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SoundHound AI (SOUN) Stock Slides as OASYS Launch Puts Q1 Earnings in Focus

SoundHound AI (SOUN) Stock Slides as OASYS Launch Puts Q1 Earnings in Focus

SoundHound AI shares fell 4.3% to $9.06 on Tuesday after launching its OASYS self-learning AI system ahead of Thursday’s earnings report. The company is expected to post a first-quarter loss of 5 cents per share on $42.7 million in revenue, with options traders bracing for an 18% swing after results. SoundHound’s market value stands at about $3.73 billion. The stock has gained over 40% in the past month but remains slightly down for the year.
5 May 2026
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Strategy Stops Buying Bitcoin After $7.5 Billion Spree Ahead of Earnings

Strategy Stops Buying Bitcoin After $7.5 Billion Spree Ahead of Earnings

Strategy Inc did not buy bitcoin last week, pausing after a three-month spree that added over 100,000 tokens to its balance sheet. The company disclosed it held 818,334 bitcoin as of May 3 and raised $82 million by selling 492,210 Class A shares. No preferred shares were sold during the week. Strategy is set to report first-quarter results after the U.S. market close on Tuesday.
5 May 2026
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Figma Stock Faces a Crucial AI Test as Earnings Loom

Figma Stock Faces a Crucial AI Test as Earnings Loom

Figma shares traded near $20 early Tuesday, down sharply from a 52-week high of $142.92, as investors awaited first-quarter results due May 14. The company forecast Q1 revenue of $315–$317 million, up 38% year-over-year, with AI features under scrutiny for their impact on growth and costs. Analyst price targets have dropped, with consensus at “Hold.” Competitors include Adobe and Google’s new Stitch tool.
5 May 2026
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Pinterest Stock Jumps After AI Ad Tools Lift Revenue Forecast Above Wall Street

Pinterest Stock Jumps After AI Ad Tools Lift Revenue Forecast Above Wall Street

Pinterest forecast second-quarter revenue of $1.133 billion to $1.153 billion, above analyst expectations, sending shares up 15% in after-hours trading. First-quarter revenue rose 18% to $1.008 billion, with global monthly active users reaching a record 631 million. The company reported a net loss of $74 million and adjusted EBITDA of $207 million for the quarter.
5 May 2026
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Duolingo Stock Drop Shows Why Investors Are Questioning Its AI Learning Bet

Duolingo Stock Drop Shows Why Investors Are Questioning Its AI Learning Bet

Duolingo shares dropped over 12% in premarket trading Tuesday after the company forecast slower bookings and lower margins for the year, despite beating first-quarter estimates. Revenue rose 27% to $292 million, daily active users hit 56.5 million, and net income reached $43.5 million. Management said returns on new AI features may not appear until 2027 or later.
5 May 2026
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UPS Stock Hit as Amazon Opens Logistics Network in Direct Challenge to Parcel Giant

UPS Stock Hit as Amazon Opens Logistics Network in Direct Challenge to Parcel Giant

UPS shares fell 10.5% to $96.31 after Amazon opened its logistics network to outside businesses, intensifying competition in parcel delivery and freight. FedEx shares dropped 9.1%. Amazon’s new service already counts Procter & Gamble and 3M as users. UPS is cutting Amazon-related volume and shifting focus to higher-margin business shipments.
5 May 2026
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Harley-Davidson’s $6,000 Bike Gamble: New CEO Turns to Affordable Motorcycles as Profit Falls 81%

Harley-Davidson’s $6,000 Bike Gamble: New CEO Turns to Affordable Motorcycles as Profit Falls 81%

Harley-Davidson’s first-quarter net income plunged 81% to $25 million as revenue fell 12%. The company announced a new strategy centered on lower-priced bikes, including a $6,000 Sprint model and a revived Sportster, aiming to attract younger riders. Global retail motorcycle sales rose 8% despite the profit drop. CEO Artie Starrs said the plan will lean on dealers and cost cuts.
5 May 2026
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Shopify Stock Slides After $100 Billion GMV Quarter — Why Investors Still Wanted More

Shopify Stock Slides After $100 Billion GMV Quarter — Why Investors Still Wanted More

Shopify shares fell nearly 7% in premarket trading Tuesday after second-quarter guidance matched analyst expectations. First-quarter revenue rose 34% to $3.17 billion, with gross merchandise volume hitting $100.74 billion. Operating income reached $382 million, below the $420 million analysts expected. The company posted a net loss of $581 million, narrowed from $682 million a year earlier.
5 May 2026
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Coinbase Layoffs: Brian Armstrong Cuts 700 Jobs As AI Reshapes Crypto Exchange

Coinbase Layoffs: Brian Armstrong Cuts 700 Jobs As AI Reshapes Crypto Exchange

Coinbase Global will cut about 700 jobs, or 14% of its workforce, as it restructures to focus on AI-driven operations, according to a regulatory filing Tuesday. The company expects $50 million to $60 million in restructuring expenses, mostly for severance. Shares rose 6.1% in early trading. CEO Brian Armstrong said affected staff lost system access immediately and will receive at least 16 weeks’ pay.
5 May 2026
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IREN Stock Jumps After Sweetwater Power Milestone Puts Its AI Data Center Bet Back In Focus

IREN Stock Jumps After Sweetwater Power Milestone Puts Its AI Data Center Bet Back In Focus

IREN shares jumped 8.37% to $49.48 Monday after the company energized its 1.4-gigawatt Sweetwater 1 data center in Texas, connecting its substation to the ERCOT grid. The company said power delivery will ramp up as the site is built out. IREN also announced a definitive agreement to acquire Mirantis. The stock was quoted at $50.16 before Tuesday’s U.S. open.
5 May 2026
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Micron Stock’s AI Memory Run Sends It Into U.S. Market-Cap Elite

Micron Stock’s AI Memory Run Sends It Into U.S. Market-Cap Elite

Micron Technology shares traded at $576.45 premarket Tuesday, valuing the company at about $658.3 billion. Fiscal Q2 revenue reached $23.86 billion, with net income of $13.79 billion, as demand for high-bandwidth memory in AI data centers surged. DRAM and NAND sales jumped on sharp price increases, but the company warned of potential margin risks if demand slows. Micron plans to exit its consumer memory business by February 2026.
5 May 2026
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CRWV Stock Jumps Before Earnings: Why Meta’s $21 Billion AI Deal Has Wall Street Watching

CRWV Stock Jumps Before Earnings: Why Meta’s $21 Billion AI Deal Has Wall Street Watching

CoreWeave shares climbed 5.4% to $125.43 in premarket trading Tuesday after Meta committed about $21 billion for cloud capacity through 2032. Jefferies estimates recent contracts could lift CoreWeave’s backlog above $95 billion, up from $66.8 billion at year-end. The company reports first-quarter results Thursday. CoreWeave posted a $1.17 billion net loss in 2025 on $5.13 billion in revenue.
5 May 2026
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Pfizer Earnings Beat Wall Street, But The Patent Cliff Is Still The Story

Pfizer Earnings Beat Wall Street, But The Patent Cliff Is Still The Story

Pfizer posted first-quarter adjusted earnings of 75 cents per share on $14.45 billion in revenue, beating Wall Street forecasts. Sales of Eliquis and Padcev rose, offsetting steep declines in COVID products. The company maintained its 2026 revenue and profit outlook. Research and development expenses increased 12% as Pfizer invested in oncology and obesity drugs.
5 May 2026
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Stock Market Today

  • 3 U.S. Industrial Stocks Facing Margin and Valuation Challenges Amid Inflation
    June 21, 2026, 12:58 AM EDT. U.S. industrial stocks face pressures from persistent energy inflation, rising oil prices, and a cautious Federal Reserve stance. Miller Industries (NYSE:MLR), a manufacturer of towing and recovery equipment, reports thin operating margins at 2.1%, weighed down by high diesel costs and supply chain challenges. Despite a market cap of $567.2 million and $745.5 million in revenue, the firm focuses on cost control and dividend returns amid execution risks. Meanwhile, Perimeter Solutions, with a $6.2 billion market cap, serves wildfire management and specialty chemical markets, highlighting sector diversity. These companies embody the balance investors must assess between inflation-driven risks and potential growth fueled by resilient infrastructure spending and AI-enhanced productivity.

Latest articles

Home Depot shares finish week up as investors weigh housing numbers

Home Depot shares finish week up as investors weigh housing numbers

21 June 2026
Home Depot jumped 2.1% to $334.28 in a shortened week as Wall Street rallied, but weak U.S. housing starts and upcoming May new-home-sales data keep pressure on the home-improvement outlook; the company reaffirmed 2026 sales and earnings targets despite volatile conditions and persistent housing affordability concerns.
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