Today: 23 May 2026

GE Vernova stock rises as senior notes offering targets Prolec GE deal

GE Vernova stock rises as senior notes offering targets Prolec GE deal

GE Vernova shares rose 3.6% to $752.44 Monday after launching a senior notes offering to help fund its $5.3 billion acquisition of the remaining Prolec GE stake. The company has not disclosed the size or maturity of the bonds. Proceeds will also support general corporate needs. Investors are watching for pricing details and confirmation the Prolec deal closes as scheduled.
2 February 2026
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Unity stock rebounds as Google’s “Project Genie” jitters ease — what investors watch next

Unity stock rebounds as Google’s “Project Genie” jitters ease — what investors watch next

Unity shares rose 3.2% to $30.04 Monday, rebounding after last week’s 24% plunge triggered by Google’s launch of an AI world-generation tool. Analysts remain split on whether AI tools threaten demand for Unity’s game engine. Benchmark maintained its hold rating, citing risks from “world model” tech. Investors await Unity’s earnings on Feb. 11 for management’s view on AI and advertising trends.
2 February 2026
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IREN Limited stock slides as bitcoin miners wobble ahead of earnings this week

IREN Limited stock slides as bitcoin miners wobble ahead of earnings this week

IREN Limited shares fell 3.7% to $51.74 by midday Monday on Nasdaq, with trading volume reaching 20.1 million. The drop followed sharp swings in bitcoin, which climbed 1.7% to $78,864 after a weekend slump. Other U.S.-listed miners also declined. IREN will report quarterly results Thursday, with investors watching for updates on AI cloud growth and mining margins.
2 February 2026
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Lumentum stock (Nasdaq: LITE) jumps 13% as earnings day nears

Lumentum stock (Nasdaq: LITE) jumps 13% as earnings day nears

Lumentum shares jumped 13.1% to $443.13 by midday Monday after hitting $448.24, ahead of fiscal Q2 earnings due Tuesday after the close. The company forecast Q2 revenue of $630 million to $670 million and a non-GAAP operating margin of 20% to 22%. Morgan Stanley raised its price target to $350 but kept an equal-weight rating. Trading volume reached about half the three-month average.
2 February 2026
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ServiceNow stock price rebounds as software shares steady, buyback back in focus

ServiceNow stock price rebounds as software shares steady, buyback back in focus

ServiceNow shares climbed 3.7% to $121.33 on Monday, rebounding after last week’s sector slide and outpacing tech peers. The company recently reported Q4 subscription revenue of $3.47 billion and announced an imminent $2 billion accelerated buyback. Investors are watching for demand signals as the buyback and AI partnerships develop. Salesforce and Adobe also rose, while Microsoft slipped.
2 February 2026
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Eli Lilly stock price climbs as obesity-drug forecasts get a reality check before earnings

Eli Lilly stock price climbs as obesity-drug forecasts get a reality check before earnings

Eli Lilly shares rose 1.5% to close near $1,052.70 Monday, recovering from early losses ahead of its earnings report due Wednesday. Analysts have cut long-term forecasts for obesity drugs as prices fall and competition intensifies, with 2030 sales estimates for GLP-1 drugs dropping to about $100 billion. Investors are focused on Lilly’s pricing strategy and demand outlook. The FDA is set to rule on Lilly’s weight-loss pill by April 10.
2 February 2026
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Seagate Technology stock jumps again: what’s moving STX shares now and what to watch next

Seagate Technology stock jumps again: what’s moving STX shares now and what to watch next

Seagate shares rose 4.8% to $427.30 Monday, hitting an intraday high of $434.60, as investors favored data-center hardware stocks. Western Digital climbed 5.8%. The rally followed Seagate’s strong earnings and outlook, with CEO Dave Mosley citing full allocation of nearline capacity through 2026. TrendForce warned DRAM prices could spike up to 95% this quarter due to supply-demand imbalances.
2 February 2026
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Lumentum stock jumps 12% ahead of earnings — what traders are watching next

Lumentum stock jumps 12% ahead of earnings — what traders are watching next

Lumentum shares surged 12.2% to $439.52 in late morning trading Monday, ahead of its fiscal Q2 earnings report due after Tuesday’s close. About 2.6 million shares traded as investors focused on demand from AI data centers and margin outlook. Peers Coherent and Ciena also rose over 6%. Lumentum previously forecast Q2 revenue of $630–$670 million and adjusted EPS of $1.30–$1.50.
2 February 2026
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KLA stock dips today as peers climb; guidance and China export rules keep traders cautious

KLA stock dips today as peers climb; guidance and China export rules keep traders cautious

KLA shares fell about 1% to $1,414 in late morning trading, lagging rivals as chip-equipment stocks and semiconductor ETFs rose. The company reported Q2 revenue of $3.30 billion and adjusted EPS of $8.85, projecting March quarter revenue near $3.35 billion. KLA flagged risks from U.S. export controls on China and supplier disruptions. Its next earnings report is set for April 23.
2 February 2026
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Sandisk stock price jumps again on a $1,000 target call — what’s driving SNDK today

Sandisk stock price jumps again on a $1,000 target call — what’s driving SNDK today

Sandisk shares surged 13.3% to $653.05 in early Monday trading after Bernstein and Raymond James raised price targets, citing strong demand and a bullish outlook. The stock has soared over 1,500% in a year, fueled by AI data center growth and firmer NAND prices. Sandisk projected Q3 revenue up to $4.8 billion. Traders are watching NAND pricing and Friday’s U.S. jobs report for further signals.
2 February 2026
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Why Huntington Bancshares Incorporated stock is up after the Cadence merger close

Why Huntington Bancshares Incorporated stock is up after the Cadence merger close

Huntington Bancshares shares rose 1.9% to $17.82 after the bank completed its $7.4 billion all-stock merger with Cadence Bank. The combined bank now holds $279 billion in assets and claims the top deposit market share in Mississippi. Cadence shareholders received 2.475 Huntington shares per Cadence share. Investors are watching for integration costs and the timing of customer account transitions, set for mid-2026.
2 February 2026
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Stock Market Today

  • ZKH Group Q1 2026 Loss Narrows to C¥10.1m Amid Mixed Profitability Signals
    May 23, 2026, 6:14 AM EDT. ZKH Group (NYSE:ZKH) reported Q1 2026 revenue of C¥2.1 billion and a basic EPS loss of C¥0.06. Trailing 12-month figures show a net loss narrowing to C¥83.1 million from C¥268 million in Q4 2024, with revenue stable near C¥9.2 billion. Improvements link to higher private label mix and AI efficiencies, supporting a 43.9% multi-year earnings growth rate despite continued losses. Earnings per share have fluctuated, with concerns over volatility and fragile profitability. Bears highlight narrow quarterly profits and persistent trailing losses as risks, with a low price-to-sales ratio of 0.3x versus industry peers and a significant gap to a discounted cash flow fair value of US$15.27, suggesting the stock may be undervalued but exposed to execution risks.

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Gold Price Near $4,830 Faces Monday Test After Hormuz Reversal Revives Safe-Haven Risk

Gold Watch: $4,500 Level in Focus for Next Move

23 May 2026
Gold ended Friday at $4,508.50 an ounce, down 0.74% for the day and logging a second weekly drop as renewed Fed rate-hike bets and oil-driven inflation fears weighed on prices. Spot silver fell 1.52%, platinum 2.49%, and palladium 2.98%. U.S. markets face a holiday-shortened week ahead, with Memorial Day closures on Monday. Physical demand in India and China remained weak amid Fed anxiety and a strong dollar.
XRP ETFs Hit $1.53 Billion as Bitwise Pulls Ahead, but the Chart Has a Catch

XRP in Focus After Weekend Pullback; Traders Watch $1.30 as ETF Flows Stay Strong

23 May 2026
XRP dropped to $1.31 Saturday, down 3.9% in 24 hours and 7.4% over seven days, underperforming the broader crypto market. Trading volume reached $2.16 billion, with a market value near $81 billion. U.S. equity and listed crypto products will remain closed for Memorial Day on May 25. The SEC’s case against Ripple Labs ended in August 2025 with a $125 million fine and an injunction on institutional XRP sales.
Bitcoin Price Today Slips Below $70,000 as CPI Looms and Iran Risks Keep Traders on Edge

Bitcoin could test $75,000 as markets look ahead to Wall Street reopening

23 May 2026
Bitcoin fell to $74,594 on Saturday, down 3.3% after U.S. spot bitcoin ETFs saw five straight days of outflows. Ether dropped 4.3% to $2,026.64. The decline came as U.S. markets closed for the holiday weekend and bond yields hit multi-year highs. Coinbase shares closed Friday at $184.99, down 4.4%.
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