Today: 4 June 2026
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Artificial Intelligence 5 May 2026 - 6 May 2026

QUALCOMM Incorporated Stock Nears $200 as AI Data-Center Bet Drives QCOM Rally

QUALCOMM Incorporated Stock Nears $200 as AI Data-Center Bet Drives QCOM Rally

Qualcomm shares rose 1.8% to $189.83 Wednesday after hitting $200.34, boosted by investor interest in AI data-center chips and a custom silicon deal with a major cloud operator. Fiscal Q2 revenue reached $10.6 billion, with handset sales down 13% but automotive revenue up 38%. CEO Cristiano Amon declined to name the cloud customer, saying shipments begin later this year.
6 May 2026
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Arm Stock Surges Before Earnings as AI Server CPU Bet Faces Wall Street Test

Arm Stock Surges Before Earnings as AI Server CPU Bet Faces Wall Street Test

Arm Holdings’ U.S. shares jumped 11% to $231.42 Wednesday before its fiscal Q4 results, lifted by optimism around AI infrastructure and AMD’s strong outlook. Wall Street expects Arm to post $1.47 billion in revenue and 59 cents EPS. UBS raised its price target to $245, citing server CPU market growth. Arm will report after the U.S. close and host a webcast at 22:00 BST.
6 May 2026
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Hut 8 Stock Jumps After $9.8 Billion Texas AI Data Center Lease Speeds Its AI Pivot

Hut 8 Stock Jumps After $9.8 Billion Texas AI Data Center Lease Speeds Its AI Pivot

Hut 8 shares surged 32% Wednesday after the company signed a 15-year, $9.8 billion lease for 352 megawatts of IT capacity at its Beacon Point data center in Texas. The deal boosts Hut 8’s contracted AI data center capacity to 597 MW and total contract value to $16.8 billion. Revenue for the first quarter rose to $71 million, but net loss widened to $253.1 million, mainly due to unrealized losses on digital assets.
6 May 2026
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Super Micro Stock Jumps 19% as AI Server Forecast Overrides Revenue Miss

Super Micro Stock Jumps 19% as AI Server Forecast Overrides Revenue Miss

Super Micro Computer shares rose 19% after the company forecast stronger-than-expected fourth-quarter revenue and profit. Net sales for the quarter ended March 31 jumped to $10.24 billion, with net income at $483 million. The company’s outlook topped analyst estimates, but revenue missed some forecasts due to customer and supply-chain delays. Shares traded at $33.13, up $5.30 from Tuesday’s close.
6 May 2026
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Coinbase Layoffs Hit 700 Jobs as AI Rebuild Intensifies Tech Worker Anxiety

Coinbase Layoffs Hit 700 Jobs as AI Rebuild Intensifies Tech Worker Anxiety

Coinbase will cut about 700 jobs, or 14% of its global workforce, as it restructures around artificial intelligence and responds to weak crypto markets. The company expects to complete the layoffs in the second quarter at a cost of $50 million to $60 million. CEO Brian Armstrong cited both market downturn and AI-driven automation as reasons for the move. U.S. staff will receive at least 16 weeks’ pay and six months of health coverage.
6 May 2026
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Marvell Stock’s 67% AI Rally Faces a Crucial May Earnings Test

Marvell Stock’s 67% AI Rally Faces a Crucial May Earnings Test

Marvell Technology will report fiscal Q1 2027 results on May 27, following a 66.7% stock surge in April and heightened investor focus on its Nvidia partnership and data-center business. U.S. chip stocks, including Marvell, rose Wednesday after AMD’s upbeat outlook on AI infrastructure demand. Marvell’s fiscal 2026 revenue climbed 42% to $8.2 billion, driven by strong AI demand and new design wins.
6 May 2026
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SMH ETF Is Back in the AI Chip Rally. One Risk Still Could Bite Investors

SMH ETF Is Back in the AI Chip Rally. One Risk Still Could Bite Investors

The VanEck Semiconductor ETF (SMH) jumped to $522.69 premarket Wednesday, up $16.25, as AMD shares surged nearly 18% after forecasting Q2 revenue of $11.2 billion and reporting 38% Q1 revenue growth. Intel, Arm, Qualcomm, and Micron also rose. SMH is up 40.69% year to date, with Nvidia and Taiwan Semiconductor among its largest holdings. TSMC reported Q1 revenue up 40.6% to $35.90 billion.
6 May 2026
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IREN Stock Jumps After $625 Million Mirantis Deal Deepens AI Cloud Push

IREN Stock Jumps After $625 Million Mirantis Deal Deepens AI Cloud Push

IREN Ltd will acquire Mirantis Inc in an all-share deal worth about $625 million, expanding into cloud software and AI infrastructure. IREN shares rose 10.6% to $54.74 after the announcement. Mirantis will operate as a standalone subsidiary, supporting IREN’s AI cloud deployments. The deal is subject to regulatory approval and customary closing conditions.
6 May 2026
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AMD Stock Jumps on AI Forecast as Wall Street Eyes a Bigger Nvidia Fight

AMD Stock Jumps on AI Forecast as Wall Street Eyes a Bigger Nvidia Fight

AMD shares surged nearly 18% in premarket trading Wednesday after forecasting second-quarter revenue of about $11.2 billion, topping analyst estimates. First-quarter revenue rose 38% to $10.3 billion, driven by a 57% jump in data-center sales. Intel, Arm, and Qualcomm also gained before the bell. CEO Lisa Su said data centers are now AMD’s main growth engine.
6 May 2026
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Anthropic Launches Claude AI Finance Agents to Take On Wall Street’s Grunt Work

Anthropic Launches Claude AI Finance Agents to Take On Wall Street’s Grunt Work

Anthropic launched 10 Claude AI agent templates for financial firms, aiming to automate tasks such as pitchbooks, KYC checks, and month-end accounting. The templates integrate with Microsoft Office and connect to data providers including Moody’s and Dun & Bradstreet. FIS said it is working with Anthropic on an anti-money laundering agent, with BMO and Amalgamated Bank piloting the tool. Financial services now make up Anthropic’s second-largest enterprise revenue segment.
6 May 2026
Nvidia Stock’s AI Lead Just Got a Harder Test as AMD Surges and Alphabet Closes In

Nvidia Stock’s AI Lead Just Got a Harder Test as AMD Surges and Alphabet Closes In

Nvidia shares have dropped 9% over six sessions since an April 27 record, while the Philadelphia semiconductor index gained more than 5%. AMD surged nearly 18% in premarket trading after forecasting strong data-center chip demand and beating revenue expectations. Nvidia rose just 0.44%. Alphabet is nearing Nvidia’s market value, with both companies close to $4.8 trillion.
6 May 2026
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Meta Stock Faces Fresh AI Reckoning as Spending and Lawsuits Mount

Meta Stock Faces Fresh AI Reckoning as Spending and Lawsuits Mount

Meta shares closed down 0.9% at $604.96 Tuesday as investors weighed rising AI spending against ad revenue growth. Five major publishers sued Meta in New York, alleging unauthorized use of copyrighted works to train its Llama AI models. Meta raised its 2026 capital expenditure forecast to up to $145 billion, citing higher data center and chip costs. Ireland’s media regulator opened probes into Facebook and Instagram under the EU Digital Services Act.
6 May 2026
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Arista Stock Drops After Q1 Earnings Beat as AI Guidance Leaves Wall Street Wanting More

Arista Stock Drops After Q1 Earnings Beat as AI Guidance Leaves Wall Street Wanting More

Arista Networks reported first-quarter revenue up 35% to $2.709 billion, beating estimates, with adjusted earnings of 87 cents a share. The company forecast second-quarter sales of about $2.8 billion, roughly in line with Wall Street expectations. Shares fell 5.8% after hours to $160.35. Gross margin declined to 61.9% from 63.7% a year earlier.
5 May 2026
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Backblaze Stock Soars as AI Storage Demand Lifts 2026 Outlook

Backblaze Stock Soars as AI Storage Demand Lifts 2026 Outlook

Backblaze shares rose $2.96 to $7.60 Tuesday after the company raised its 2026 revenue and adjusted EBITDA margin forecasts. First-quarter revenue climbed 12% to $38.7 million, with B2 Cloud Storage up 24% to $22.4 million. The company cited strong demand from AI customers, who now account for a growing share of business. Core backup services remain weak amid heavy competition.
5 May 2026
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Cipher Digital Stock Jumps After $200 Million Credit Line, New AI Data Center Lease

Cipher Digital Stock Jumps After $200 Million Credit Line, New AI Data Center Lease

Cipher Digital shares jumped 16% Tuesday after the company reported a wider first-quarter net loss of $114.3 million but announced a third AI data center campus lease and a $200 million revolving credit facility. Bitcoin mining revenue fell to $34.8 million from $49 million a year earlier. The company now claims $11.4 billion in contracted lease revenue and 907 megawatts of operating and contracted capacity.
5 May 2026
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Eaton Stock Falls Despite Record Q1 as AI Data-Center Boom Tests Margins

Eaton Stock Falls Despite Record Q1 as AI Data-Center Boom Tests Margins

Eaton shares fell about 2% Tuesday after the company posted record first-quarter sales of $7.5 billion, up 17% from a year earlier, but reported thinner margins and a profit outlook that missed some analyst expectations. Adjusted earnings were $2.81 a share, above Wall Street forecasts, while segment margins dropped 1.2 percentage points. Eaton closed $11 billion in acquisitions during the quarter, including Boyd Thermal for $9.55 billion.
5 May 2026
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Western Digital Stock Nears $500 as WDC’s AI Storage Boom Drowns Out Earnings-Drop Jitters

Western Digital Stock Nears $500 as WDC’s AI Storage Boom Drowns Out Earnings-Drop Jitters

Western Digital shares rose 6% to $469.44 Tuesday after reporting fiscal Q3 revenue up 45% to $3.34 billion and adjusted earnings of $2.72 per share, both above analyst estimates. The company raised its quarterly dividend by 20% and forecast Q4 revenue of $3.65 billion, also topping expectations. Cloud accounted for 89% of revenue. Peer Seagate reported Q3 revenue of $3.11 billion and guided higher for Q4.
5 May 2026
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BMO’s AI Push Now Targets Business Clients — And Earthquake Risk

BMO’s AI Push Now Targets Business Clients — And Earthquake Risk

Bank of Montreal is expanding use of an AI tool that analyzes payments data to boost sales to mid-market clients, deploying Codat’s technology in the U.S. and planning a Canada pilot. The system connects to over 20 accounting platforms and flags payment patterns, aiming to shift more transactions from checks to cards. BMO reports some clients increased card payments by 45% after adopting the tool.
5 May 2026
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Cloudflare Stock Jumps Before Earnings as Forrester Edge Win Puts AI Bet on Trial

Cloudflare Stock Jumps Before Earnings as Forrester Edge Win Puts AI Bet on Trial

Cloudflare shares jumped 7.9% Tuesday after the company said Forrester named it a leader in edge development platforms, ahead of its May 7 earnings report. The stock hit $244.02 intraday. Investors are watching if Cloudflare can convert rising AI and developer demand into profit. Cloudflare expects Q1 revenue of $620–$621 million.
5 May 2026
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Stock Market Today

  • London Stock Exchange Updates Official List with New Admission Notices
    June 4, 2026, 4:59 AM EDT. The London Stock Exchange has updated its Official List, allocating SEDOL numbers, unique identifiers for securities. Notices indicate which securities are admitted to trading on the Exchange, a Recognised Investment Exchange (RIE). Some securities are simultaneously admitted on other RIEs: Aquis Stock Exchange, Cboe Europe, and Shanghai-London Stock Connect, expanding market access. The Financial Conduct Authority (FCA) emphasizes reading admission notices alongside those of relevant RIEs for comprehensive information. This update highlights ongoing regulatory coordination to streamline securities trading across multiple platforms in the UK and internationally.

Latest articles

Broadcom Stock Slips After AI Outlook Rattles Wall Street

Broadcom Stock Slips After AI Outlook Rattles Wall Street

4 June 2026
Broadcom plunged 11.2% premarket after posting record Q2 revenue but missing analyst estimates and issuing an AI-chip outlook that failed to meet sky-high expectations, as investors punished the stock for not raising its long-term sales target despite strong results; shares last indicated at $425.75 after closing at $479.23.
Verizon Hires Deutsche Telekom Tech Head as Retail Wait Times Draw Scrutiny

Verizon Hires Deutsche Telekom Tech Head as Retail Wait Times Draw Scrutiny

4 June 2026
Verizon hires ex-Deutsche Telekom exec Abdu Mudesir to lead network and tech as CEO Dan Schulman pushes a turnaround after posting its first Q1 postpaid phone subscriber gain since 2013, but in-store sales pressure and lagging customer satisfaction threaten progress; Mudesir’s impact likely seen in 2027, with Russo staying through Q1 2027.
Navitas Stock Gets Boost from Nvidia But Risks Remain for Traders

Navitas Stock Gets Boost from Nvidia But Risks Remain for Traders

4 June 2026
Navitas surged 19.3% to $30.84 after announcing its 800 VDC power board is featured in NVIDIA’s MGX AI infrastructure, but shares dropped 7.25% after hours as investors weighed technical validation against weak revenue and stiff competition, with analysts warning the stock trades far above target prices despite ongoing losses.
Marvell Shares Set New High With Nvidia Surge Lifting Chip Suppliers

Marvell Shares Set New High With Nvidia Surge Lifting Chip Suppliers

4 June 2026
Marvell soared to a record $301.65 close after Nvidia CEO Jensen Huang called it the next “trillion-dollar company,” fueling an AI-led rally as investors reprice Marvell for its data-center networking and custom chip growth; record Q1 revenue and raised forecasts add momentum, but Morningstar warns the stock now trades well above its $235 fair value estimate with “High” uncertainty.
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