Today: 30 May 2026
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Artificial Intelligence 29 May 2026 - 30 May 2026

US stocks notch new highs with AI trade still in focus

US stocks notch new highs with AI trade still in focus

The S&P 500, Dow, and Nasdaq closed at record highs Friday, fueled by a 32.8% surge in Dell after strong AI server sales and outlook. Dell’s gains lifted server stocks, with HPE up 12.7% and Super Micro up 11.6% in after-hours trading. Oil prices fell about 1.7%, while Alphabet, Costco, and Walmart declined. The Fed’s preferred inflation gauge rose 3.8% year-over-year.
30 May 2026
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Palantir Jumps 9% as AI Software Stocks Face Next Test

Palantir Jumps 9% as AI Software Stocks Face Next Test

Palantir shares rose 9.2% to $156.54 Friday, marking their strongest two-day rally since April 2025. The move followed upbeat AI-driven results from Dell and Snowflake, with Palantir raising its 2026 revenue outlook to as much as $7.66 billion. First-quarter revenue jumped 85% to $1.63 billion, beating estimates. Palantir’s price-to-earnings ratio reached 176, far above most peers.
30 May 2026
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Palo Alto Networks Reaches All-Time High Ahead of Results as AI Security Rally Drives Wall Street

Palo Alto Networks Reaches All-Time High Ahead of Results as AI Security Rally Drives Wall Street

Palo Alto Networks shares surged 9.3% to a record $281.69 Friday, with trading volume doubling ahead of third-quarter earnings set for June 2. The company closed its Portkey acquisition and joined a new NATO cyber partnership this week. Several analysts raised their price targets, citing AI-linked growth and strong subscription revenue. Other cybersecurity stocks also rallied, including CrowdStrike and Fortinet.
29 May 2026
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Zeta Global up 13% as traders move on AI, options hunt

Zeta Global up 13% as traders move on AI, options hunt

Zeta Global shares surged 13.43% to $22.89 Friday, with trading volume at 15.35 million, far above average. Heavy call-option activity and a new loyalty-data study fueled interest in the AI marketing software firm. The company reported Q1 revenue up 50% year-over-year to $396 million and raised its 2026 revenue outlook. Broader AI and software stocks also rallied as Wall Street indexes hit record highs.
29 May 2026
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POET Technologies Tumbles Again as $400 Million AI Optics Push Hits Another Setback

POET Technologies Tumbles Again as $400 Million AI Optics Push Hits Another Setback

POET Technologies shares fell 7.3% Friday, closing at $12.29 on Nasdaq and slipping further after hours. The drop follows a $400 million direct offering earlier this month, with shares now down 41% from the $21 deal price. Q1 revenue was $503,389 against a $12.3 million net loss. Legal action continues after Marvell canceled Celestial AI-related orders, citing confidentiality issues.
29 May 2026
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Microsoft gets Pentagon boost in AI, Wall Street moves in

Microsoft gets Pentagon boost in AI, Wall Street moves in

Microsoft shares climbed over 5% Friday to $450.24, lifting its market value near $3.35 trillion. The stock rally followed news of a $9.7 billion U.S. defense contract and plans to unveil new in-house AI models at next week’s Build conference. Wall Street closed at record highs, with tech stocks leading gains. Microsoft declined to comment on its upcoming AI announcements.
29 May 2026
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Coherent Drops 6.6%, AI Optics Demand Gets Tested

Coherent Drops 6.6%, AI Optics Demand Gets Tested

Coherent Corp. shares fell 6.6% to around $352 on Friday, despite no new company news and a rising broader market. The stock had closed at $376.95 on Thursday and touched $343.51 during the session. Lumentum dropped 2.3%, while Ciena was little changed. Coherent reported Q3 revenue of $1.81 billion, up 21% from last year, and forecasted Q4 revenue of $1.91–$2.05 billion.
29 May 2026
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Dell’s AI Surge Sends Wall Street Up — U.S. Markets Today

Dell’s AI Surge Sends Wall Street Up — U.S. Markets Today

The Dow rose 358.82 points to 51,027.94, the S&P 500 gained 19.91 to 7,583.61, and the Nasdaq added 59.92 to 26,978.21, closing out a holiday-shortened week higher. Dell surged nearly 30% after reporting $16.1 billion in AI server revenue and raising its outlook. U.S. crude fell 1.73% to $87.36 a barrel on truce extension speculation. The core PCE price index rose 3.3% year-over-year in April.
29 May 2026
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Keel Infrastructure rises again as investors bet on AI growth

Keel Infrastructure rises again as investors bet on AI growth

Keel Infrastructure shares rose 2.1% to $5.69 Friday, extending a 32.6% five-day rally, with trading volume below average. The company, formerly Bitfarms, is repositioning as an AI data center provider but has not yet secured its first colocation lease. First-quarter revenue fell 23% to $37 million, with a $128 million operating loss. Keel’s market cap stands near $3.4 billion, below its 52-week high.
29 May 2026
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Vanguard VGT split points to the AI trade’s top play

Vanguard VGT split points to the AI trade’s top play

Vanguard’s Information Technology ETF (VGT) has nearly doubled the post-split returns of Vanguard’s larger growth funds since April 21. VGT’s top holdings—Nvidia, Apple, and Microsoft—make up over 40% of its portfolio. The ETF traded at $120.68 late Friday morning in New York, outpacing VUG at $89.51 and MGK at $91.16. Investors continue to buy into AI hardware and software plays.
29 May 2026
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CrowdStrike Moves Early in AI Trade Ahead of Earnings

CrowdStrike Moves Early in AI Trade Ahead of Earnings

CrowdStrike shares climbed 6.5% midday Friday to about $714.55, tracking gains across cybersecurity after Snowflake raised its revenue outlook and signed a $6 billion AWS deal. CrowdStrike is set to report fiscal Q1 2027 results after markets close June 3. The company’s stock is up 47.6% for the year. Analysts at Benchmark, Wedbush, and BTIG raised price targets this week.
29 May 2026
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IREN Shares Slide, Bringing Dell AI Deal and $4.4 Billion Test Into Focus

IREN Shares Slide, Bringing Dell AI Deal and $4.4 Billion Test Into Focus

IREN Limited shares fell 1.5% to $63.08 Friday, underperforming the Nasdaq-100. The company announced a $1.6 billion deal to buy Nvidia Blackwell systems from Dell, aiming to boost annualized revenue to $4.4 billion, though not all of that is under contract. IREN posted a Q3 net loss of $247.8 million as revenue dropped to $144.8 million. Goldman Sachs raised its price target to $50 but kept a Neutral rating.
29 May 2026
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Lumentum’s Nasdaq-100 Breakthrough Turns AI Optics Stock Into Must-Watch Index Trade

Lumentum’s AI Optics Rally Crushed Nvidia’s—Now Comes the Hard Part

Lumentum shares fell 3.6% to $829.55 Friday morning, paring steep gains tied to AI data center demand. The stock remains up 135.4% year-to-date, far outpacing Nvidia. Third-quarter revenue jumped 90.1% to $808.4 million, with cloud transceiver shipments up over 40% sequentially. Nvidia agreed in March to invest $2 billion in Lumentum.
29 May 2026
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3X AI Chip ETF surged from $100,000 to $1.28 million, but future gains get harder

3X AI Chip ETF surged from $100,000 to $1.28 million, but future gains get harder

Direxion Daily Semiconductor Bull 3X Shares (SOXL) traded just above $220 early Friday, down from a $224.63 close after a steep rally tied to AI chip demand. A $100,000 investment in SOXL a year ago would have grown to about $1.28 million by May 27, according to 24/7 Wall St. Nvidia posted record quarterly revenue of $81.6 billion, mostly from data centers. U.S. technology funds saw $2.75 billion in inflows last week.
29 May 2026
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ByteDance AI chip effort may open Qualcomm to new markets outside smartphones

ByteDance AI chip effort may open Qualcomm to new markets outside smartphones

ByteDance is developing custom AI chips and CPUs for its data centers and has reportedly agreed to buy millions of Qualcomm’s ASICs, Bloomberg reported. The company is working on Arm and RISC-V architectures and has contacted outside partners for chip design and manufacturing, according to Reuters. Qualcomm shares rose 2.1% after the news. ByteDance faces higher CPU prices from Intel and AMD and long lead times.
29 May 2026
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Stock Market Today

  • Dr. Reddy's Laboratories Celebrates 25 Years on NYSE with Closing Bell Ceremony
    May 30, 2026, 12:56 AM EDT. Dr. Reddy's Laboratories marked its 25th anniversary on the New York Stock Exchange (NYSE) by ringing the closing bell at the NYSE trading floor on Friday. The company became the first pharmaceutical firm from Asia outside Japan to list on the NYSE in April 2001. Chairman Satish Reddy highlighted the milestone as a reaffirmation of the company's commitment to global governance, transparency, and innovation. The ceremony included attendance from senior executives and board members, reflecting its long-standing presence and growth in the US market. The event emphasized the firm's mission to provide affordable, innovative medicines globally, continuing founder K. Anji Reddy's vision.

Latest articles

US stocks notch new highs with AI trade still in focus

US stocks notch new highs with AI trade still in focus

30 May 2026
The S&P 500, Dow, and Nasdaq closed at record highs Friday, fueled by a 32.8% surge in Dell after strong AI server sales and outlook. Dell’s gains lifted server stocks, with HPE up 12.7% and Super Micro up 11.6% in after-hours trading. Oil prices fell about 1.7%, while Alphabet, Costco, and Walmart declined. The Fed’s preferred inflation gauge rose 3.8% year-over-year.
Plug Power Stock Falls Again — The Hydrogen Rally’s Hard Test Is Here

Plug Power Stock Falls Again — The Hydrogen Rally’s Hard Test Is Here

30 May 2026
Plug Power shares fell 4.1% to $3.95 on Friday, underperforming the Nasdaq and Dow after a midweek rally. The stock traded between $3.85 and $4.17 with 68 million shares changing hands. Investors weighed improved margins and a UK hydrogen project against ongoing cash needs. Plug remains unprofitable, with a market value near $5.49 billion.
Palantir Jumps 9% as AI Software Stocks Face Next Test

Palantir Jumps 9% as AI Software Stocks Face Next Test

30 May 2026
Palantir shares rose 9.2% to $156.54 Friday, marking their strongest two-day rally since April 2025. The move followed upbeat AI-driven results from Dell and Snowflake, with Palantir raising its 2026 revenue outlook to as much as $7.66 billion. First-quarter revenue jumped 85% to $1.63 billion, beating estimates. Palantir’s price-to-earnings ratio reached 176, far above most peers.
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