Today: 4 June 2026
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Artificial Intelligence 7 May 2026 - 8 May 2026

SanDisk Stock Bounced Back Fast—Here’s Why Wall Street Is Still Chasing AI Memory

SanDisk Stock Bounced Back Fast—Here’s Why Wall Street Is Still Chasing AI Memory

Sandisk shares surged 11.7% to $1,497 Friday, rebounding from a sharp drop after concerns over short-term NAND demand. The company reported third-quarter revenue up 251% year-over-year to $5.95 billion and signed contracts guaranteeing $42 billion in future revenue. Investors cited ongoing tight supply for AI memory chips. The stock touched an intraday high of $1,528.
8 May 2026
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Eos Energy Stock Jumps 22% Before Earnings as AI Power Trade Takes Hold

Eos Energy Stock Jumps 22% Before Earnings as AI Power Trade Takes Hold

Eos Energy shares surged nearly 22% to $7.75 Friday ahead of its May 13 quarterly report, as investors watch for signs of a manufacturing rebound. The company recently projected Q1 revenue of $56–$57 million, below some analyst estimates, and announced a joint development deal with TURBINE-X Energy. A securities class action was filed May 5, alleging fraud tied to operational issues and a steep stock drop.
8 May 2026
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Intuit Inc. Expands Credit Karma and QuickBooks AI Push as INTU Stock Slips

Intuit Inc. Expands Credit Karma and QuickBooks AI Push as INTU Stock Slips

Intuit’s Credit Karma opened its platform to Americans with no credit history, targeting about 17 million “credit invisible” adults. Shares fell 4.4% to $388.85 Friday morning after the move and the launch of a new QuickBooks workforce product. Intuit reports fiscal Q3 results May 20, following a quarter that included the peak U.S. tax season.
8 May 2026
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Robo.ai Stock Jumps After $100 Million Neurovia Deal: Why the All-Share AI Bet Matters

Robo.ai Stock Jumps After $100 Million Neurovia Deal: Why the All-Share AI Bet Matters

Robo.ai agreed to acquire Neurovia AI Limited for $100 million in stock, sending its Nasdaq-listed shares up about 61% on Friday. The deal, subject to closing conditions, will be paid with 149,097,957 Class B shares priced at $0.6707 each, locked up for up to eight years. Robo.ai reported 2025 revenue of $950,000, down 92% from the previous year, with a net loss of $167.34 million.
8 May 2026
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Eaton Stock Rebounds After AI Data-Center Orders Surge, But Margin Worries Still Bite

Eaton Stock Rebounds After AI Data-Center Orders Surge, But Margin Worries Still Bite

Eaton shares rose 1.3% to $404.44 in early New York trading Friday after a 5.3% drop the previous session. The company reported record Q1 sales of $7.5 billion and a 240% surge in data-center orders, but segment margins fell to 22.7%. Eaton raised its 2026 organic growth outlook to 9%-11%. KeyBanc lifted its price target to $480, citing strong electrical demand.
8 May 2026
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Innodata Stock Jumps on AI Revenue Beat: The $51 Million Big Tech Deal Driving INOD Higher

Innodata Stock Jumps on AI Revenue Beat: The $51 Million Big Tech Deal Driving INOD Higher

Innodata shares jumped 89% Friday after the company reported record first-quarter revenue of $90.1 million, up 54% year-over-year, and raised its 2026 growth outlook. New Big Tech contracts could add $51 million in revenue this year, with one expected to become Innodata’s second-largest customer in 2026. Adjusted earnings reached 42 cents a share, beating analyst estimates. The company ended March with $117.4 million in cash.
8 May 2026
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Wall Street’s New AI Chip Bet Just Took In $1 Billion In One Day

Wall Street’s New AI Chip Bet Just Took In $1 Billion In One Day

Roundhill Investments’ Memory ETF (DRAM) has attracted over $5 billion since its April 2 launch, including $1.1 billion on Thursday, as investors target memory chip makers tied to AI. The ETF traded at $50.59, up 8.7% Thursday morning, with volume above 9 million shares. Samsung, SK Hynix, and Micron make up the bulk of holdings. DRAM has posted inflows every session since launch and is up about 70%.
8 May 2026
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Cloudflare AI Layoffs Hit 1,100 Jobs After Q1 Earnings Beat; Stock Slides

Cloudflare AI Layoffs Hit 1,100 Jobs After Q1 Earnings Beat; Stock Slides

Cloudflare will cut over 1,100 jobs, or about 20% of staff, as it shifts operations toward AI, incurring up to $150 million in related charges. Shares fell 19% after its second-quarter revenue forecast missed estimates, despite a 34% rise in first-quarter revenue to $639.8 million. Departing staff will receive base pay through 2026 and extended benefits. AI use inside Cloudflare has surged more than 600% in three months.
8 May 2026
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Tempus AI Just Priced a $400 Million Debt Deal. Here’s What Investors Need to Watch

Tempus AI Just Priced a $400 Million Debt Deal. Here’s What Investors Need to Watch

Tempus AI priced a $400 million private sale of 0% convertible senior notes due 2032, upsized from $350 million, to repay $307.7 million in loans and fund operations. The deal follows first-quarter revenue of $348.1 million, up 36%, but a net loss widened to $125.9 million. Shares traded at $49.47 premarket, down $4.07. The notes convert at $69.26 per share, a 40% premium to the last close.
8 May 2026
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Iron Mountain Incorporated Stock Falls After Six-Day Rally as AI Data-Center Bet Faces New Test

Iron Mountain Incorporated Stock Falls After Six-Day Rally as AI Data-Center Bet Faces New Test

Cohere agreed in April to acquire Germany’s Aleph Alpha, aiming to expand in regulated European markets as governments demand “sovereign AI.” Schwarz Group plans to invest $600 million in Cohere, which was valued at $6.8 billion last year. The merged company will be based in Germany and Canada, targeting sectors like finance and defence. The deal awaits shareholder and regulatory approval.
8 May 2026
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Baidu Shares Jump as AI Chip Unit Kunlunxin Pushes Dual IPO Plan

Baidu Shares Jump as AI Chip Unit Kunlunxin Pushes Dual IPO Plan

Kunlunxin, Baidu’s AI chip unit, has started the process for a Shanghai STAR Market IPO while maintaining plans for a Hong Kong listing. Baidu’s Hong Kong shares rose 5.75% after the news. The move comes as Chinese investors seek domestic AI chipmakers amid U.S. export curbs. Kunlunxin signed a pre-IPO tutoring agreement with China International Capital Corp on April 29.
8 May 2026
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CrowdStrike Holdings Stock Jumps 8% as AI Cybersecurity Rally Meets CEO Share Sale

CrowdStrike Holdings Stock Jumps 8% as AI Cybersecurity Rally Meets CEO Share Sale

CrowdStrike shares rose 8% Thursday as investors returned to cybersecurity stocks linked to AI demand, despite a weaker S&P 500. CEO George Kurtz sold 5,000 shares under a pre-set plan but retains over 2.2 million shares. The company will report fiscal Q1 2027 results on June 3. CrowdStrike also promoted Amanda Adams to senior vice president of global alliances.
8 May 2026
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Datadog’s $1 Billion AI Quarter Sends Stock Flying

Datadog’s $1 Billion AI Quarter Sends Stock Flying

Datadog reported first-quarter revenue above $1 billion for the first time, up 32% to $1.006 billion, and raised its 2026 sales forecast to as much as $4.34 billion. Shares jumped $45.02 to $188.73. The company said it had 4,550 large customers at the end of March, up 21% from a year earlier. Datadog also launched GPU Monitoring and secured FedRAMP High certification for its government product.
8 May 2026
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Innodata Stock Jumps After Q1 Earnings Beat: Why the AI Data Trade Is Back in Focus

Innodata Stock Jumps After Q1 Earnings Beat: Why the AI Data Trade Is Back in Focus

Innodata reported first-quarter revenue up 54% to $90.1 million and net income of $14.9 million, both above expectations. The company raised its 2026 revenue growth forecast to at least 40% after securing a $51 million contract with a major tech customer. INOD shares surged 29% in after-hours trading. CEO Jack Abuhoff said the new customer could become Innodata’s second-largest this year.
8 May 2026
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Cloudflare AI Layoffs: 1,100 Jobs Cut as Shares Fall After Forecast Miss

Cloudflare AI Layoffs: 1,100 Jobs Cut as Shares Fall After Forecast Miss

Cloudflare will cut over 1,100 jobs, about 20% of its staff, as it shifts to an AI-first model. Shares dropped more than 13% after its second-quarter revenue forecast missed Wall Street estimates. The company expects up to $150 million in charges from the restructuring, mostly in the second quarter. First-quarter revenue rose 34% to $639.8 million, with net loss narrowing to $22.9 million.
8 May 2026
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Applied Optoelectronics Stock Slides After Q1 Revenue Miss: AI Optics Boom Faces Wall Street Test

Applied Optoelectronics Stock Slides After Q1 Revenue Miss: AI Optics Boom Faces Wall Street Test

Applied Optoelectronics shares dropped over 10% in post-market trading Thursday after first-quarter revenue and second-quarter guidance missed analyst estimates. Quarterly revenue rose 51% to $151.1 million, but the company posted a GAAP net loss of $14.3 million. Data-center revenue more than doubled to $81.4 million. The company completed its first volume shipment of 800G products to a hyperscale customer.
8 May 2026
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Lumen Technologies Stock Slides As $1 Billion Debt Deal Tests Its Alkira AI Bet

Lumen Technologies Stock Slides As $1 Billion Debt Deal Tests Its Alkira AI Bet

Lumen Technologies shares dropped 13% after its Level 3 unit priced $1 billion in 7.5% senior notes due 2037, raising concerns about its debt. First-quarter revenue fell 9% to $2.9 billion, with adjusted loss widening to 47 cents a share. Lumen agreed to buy Alkira for $475 million in cash. Long-term debt stood at $12.96 billion as of March 31, down from $17.44 billion at 2025’s end.
7 May 2026
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Stock Market Today

  • Sensex and Nifty Slide Amid Global Market Weakness and Foreign Fund Outflows
    June 4, 2026, 3:40 AM EDT. Indian stock markets, including the Sensex and Nifty, fell in early trade on Thursday, pressured by weak global peers and significant foreign institutional investor (FII) outflows valued at Rs 5,616.56 crore. Key Sensex losers were Trent, Infosys, HDFC Bank, Bajaj Finserv, Kotak Mahindra Bank, and Tata Steel, while Eternal, Titan, Adani Ports, and Tech Mahindra gained. Persistent geopolitical uncertainty in West Asia, especially between the US and Iran, continues to weigh on market sentiment. Brent crude prices declined to USD 96.86 a barrel, reflecting subdued energy markets. Asian indices such as Japan's Nikkei and South Korea's Kospi also traded lower. Experts warn that ongoing foreign fund selling and geopolitical risks pose strong headwinds against any near-term market gains.

Latest articles

Dow Falls 620 Points After Broadcom’s After-Hours Move Shakes AI Stocks

Dow Falls 620 Points After Broadcom’s After-Hours Move Shakes AI Stocks

4 June 2026
Broadcom plunged 13.7% after hours to $413.62 as second-quarter revenue missed Wall Street estimates and its AI-chip sales forecast stayed unchanged, erasing one of the market’s last AI-linked supports just as the Dow fell 621 points and oil neared $100, stoking inflation and Fed risk concerns.
PVH Shares Drop After Results, But Quarter Wasn’t the Issue

PVH Shares Drop After Results, But Quarter Wasn’t the Issue

4 June 2026
PVH shares plunged 18.7% to $79.00 after hours as the Calvin Klein and Tommy Hilfiger owner slashed its full-year revenue outlook to roughly flat, citing ongoing pressure in Europe, the Middle East and Africa, overshadowing a first-quarter profit beat and signaling weaker second-quarter sales.
Nu Holdings Shares Fall After Analyst Downgrades and CFO Change

Nu Holdings Shares Fall After Analyst Downgrades and CFO Change

4 June 2026
Nu Holdings sank 2.43% to $11.64 after a second analyst downgrade in two days, as Susquehanna and BofA cited falling margins, rising credit risk, and uncertainty from an upcoming CFO change; credit loss allowances jumped 33% last quarter, while risk-adjusted net interest margin fell to 9.5%, raising concerns about Nu’s growth premium amid broader weakness in Brazilian bank stocks.
Intel shares snap losing streak as Wall Street eyes CPU rebound

Intel shares snap losing streak as Wall Street eyes CPU rebound

4 June 2026
Intel soared 4.43% to $112.71, snapping a five-day losing streak, after unveiling new Xeon 6+ CPUs and rack-scale AI infrastructure at Computex, positioning CPUs as central to AI buildouts and sparking renewed investor interest despite ongoing risks from rivals and rising chip costs.
Five Below Drops After Strong Quarter as Traders React

Five Below Drops After Strong Quarter as Traders React

4 June 2026
Five Below stock plunged 12.6% after hours to $194.87 despite first-quarter sales and profit beating estimates and raised full-year guidance, as investors focused on management’s warnings about rising fuel costs, sticky inflation, and a tougher consumer backdrop that could threaten the chain’s strong sales momentum.
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