Today: 3 May 2026

Adobe stock drops more than 4% as new bull case says AI fears are overdone

Adobe stock drops more than 4% as new bull case says AI fears are overdone

Adobe shares fell 4.4% Friday morning amid a broader software sector decline, trading near $334 with a market value of about $140 billion. Investors remain focused on whether generative AI will threaten or boost demand for Adobe’s paid creative tools. Salesforce, Autodesk, and Microsoft also traded lower. Adobe’s 52-week range spans $312 to $466, reflecting volatility tied to AI’s impact on its business model.
2 January 2026
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Stock market today: S&P 500, Nasdaq start 2026 higher as tech rebounds; Intuit sinks on co-founder sale

Stock market today: S&P 500, Nasdaq start 2026 higher as tech rebounds; Intuit sinks on co-founder sale

U.S. stocks opened 2026 higher, with the S&P 500 up 0.38% and the Nasdaq gaining 0.75% by midmorning, led by large technology shares. Intuit dropped 5.3% after a filing showed co-founder Scott Cook sold $50 million in stock. Nvidia and Broadcom rose, while furniture retailers gained after President Trump delayed some tariffs. European and Asian markets also advanced; oil fell over 1%.
2 January 2026
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Telus dividend paid today keeps 9.5% yield in spotlight as investors weigh debt, safer alternatives

Telus dividend paid today keeps 9.5% yield in spotlight as investors weigh debt, safer alternatives

TELUS paid a quarterly dividend of C$0.4184 per share on Jan. 2 and paused dividend growth to focus on debt reduction. The company’s U.S.-listed shares were little changed, with the dividend yield near 9.5% after a 25% stock drop over two years. TELUS outlined free cash flow and leverage targets through 2028. Bank of Nova Scotia shares rose 0.5% as some analysts cited it as a lower-risk alternative.
2 January 2026
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CoreWeave stock jumps nearly 9% today as Nvidia-led tech rebound lifts AI infrastructure names

CoreWeave stock jumps nearly 9% today as Nvidia-led tech rebound lifts AI infrastructure names

CoreWeave shares jumped 8.6% to $77.76 in morning trading Friday, outpacing the Nasdaq’s 0.75% gain as tech stocks rebounded. About 8.6 million shares changed hands after the stock opened at $73.90 and swung between $72.95 and $77.76. Investors focused on next week’s U.S. labor-market data and interest rate outlook for high-growth stocks.
2 January 2026
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Ondas (ONDS) stock jumps after rebrand plan, Florida HQ move and note-extension filing

Ondas (ONDS) stock jumps after rebrand plan, Florida HQ move and note-extension filing

Ondas Holdings Inc shares jumped 8.6% to $10.60 after announcing a name change to Ondas Inc. and a headquarters move to West Palm Beach, Florida. Nearly 49.4 million shares traded by 11:04 a.m. ET. The company also amended $8 million in debt maturities to January 15, 2026, and disclosed $10 million in new purchase orders. CEO Eric Brock sold 475,000 shares on December 31 to cover tax obligations.
2 January 2026
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Broadcom stock rebounds as 2026 opens, with Benchmark bulls clashing with Trefis bear case

Broadcom stock rebounds as 2026 opens, with Benchmark bulls clashing with Trefis bear case

Broadcom shares climbed about 3% Friday as U.S. tech stocks rebounded to start 2026. Benchmark raised its price target to $485, citing AI chip momentum, while Trefis flagged risks from VMware churn, customer concentration, and AI-driven margin pressure. Broadcom reported a $73 billion AI backlog and expects AI chip revenue to double, but warned gross margin will fall about one percentage point.
2 January 2026
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Microsoft stock vs Alphabet stock: Why 2026 is the real AI monetization test

Microsoft stock vs Alphabet stock: Why 2026 is the real AI monetization test

Microsoft fell 1.6% to $475.69 in late-morning New York trading Friday, while Alphabet rose 0.7% to $315.20 as investors reassessed AI valuations for 2026. Microsoft’s market value was about $3.85 trillion, trading at 37 times earnings, compared to Alphabet’s $2.94 trillion and 24 times earnings. Automation software companies beat Q3 revenue forecasts but saw share prices slip after earnings.
2 January 2026
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Coinbase stock rises 3% as CEO Brian Armstrong lays out 2026 ‘everything exchange’ priorities

Coinbase stock rises 3% as CEO Brian Armstrong lays out 2026 ‘everything exchange’ priorities

Coinbase shares rose 3.3% to $233.59 Friday morning as bitcoin climbed 1.7% to $89,400. CEO Brian Armstrong outlined 2026 priorities focused on expanding into more asset classes and payments. Traders are watching next week’s U.S. jobs and inflation data for signals on risk appetite. Riot Platforms and Marathon Digital also gained in early trading.
2 January 2026
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Stock Market Today

  • 3 ASX Penny Stocks With Market Caps Over A$90 Million
    May 3, 2026, 3:16 PM EDT. The Australian stock market is in a slump, but penny stocks with substantial market caps present notable opportunities. LTR Pharma Limited stands out with a market cap of A$92.71 million, focusing on an innovative erectile dysfunction treatment. Despite net losses and a relatively new management team, it holds a strong cash runway. Meanwhile, Sigma Healthcare Limited, a major player in pharmacy franchising and wholesale, boasts a market cap of A$32.32 billion and solid revenue growth to A$9.55 billion in healthcare services. Sigma's financial health is robust though some management experience concerns persist. These companies highlight pockets of resilience and potential in a declining market.

Latest article

TSMC’s Longtan Comeback: Taiwan Semiconductor’s Next AI Chip Bet Faces a Land Test

TSMC’s Longtan Comeback: Taiwan Semiconductor’s Next AI Chip Bet Faces a Land Test

3 May 2026
A suspended Longtan Science Park expansion in Taiwan has been revived, potentially allowing TSMC to build next-generation chip plants, Economic Daily News reported. The proposed 104-hectare site could attract up to NT$600 billion in investment but faces land, approval, and environmental challenges. TSMC’s first-quarter net income rose 58.3% to NT$572.48 billion amid strong AI chip demand. A public hearing was held for the project in April.
Gas Prices Hit $4.45, Pushing Electric Cars Back Into the Budget Fight

Gas Prices Hit $4.45, Pushing Electric Cars Back Into the Budget Fight

3 May 2026
U.S. average gasoline prices climbed to $4.446 a gallon Sunday, up 35 cents in a week and $1.275 from a year ago, according to AAA. EV sales fell 27% in the first quarter, but Cox Automotive reported a jump in shopper interest as fuel costs surged. In Delta, Ohio, gas briefly dropped to $2.63 before spiking to $4.79. The average new EV price in March was $54,508, with discounts nearing $8,000, Kelley Blue Book said.
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