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Artificial Intelligence 19 May 2026 - 20 May 2026

IREN Stock Surges as Nvidia Fever Returns — But the AI Cloud Bet Has a Catch

IREN Stock Surges as Nvidia Fever Returns — But the AI Cloud Bet Has a Catch

IREN Limited shares rose 9.4% to $52.23 on Wednesday, trading over 23 million shares as investors awaited Nvidia’s earnings. IREN recently signed a $3.4 billion AI cloud contract with Nvidia and closed a $3 billion convertible-note offering. The company reported a quarterly net loss of $247.8 million on revenue of $144.8 million, down from the prior quarter.
20 May 2026
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Super Micro Stock Gains Almost 10% With SMCI Up in AI-Server Rally

Super Micro Stock Gains Almost 10% With SMCI Up in AI-Server Rally

Super Micro Computer shares rose 9.3% to $33.40 midday Wednesday, outpacing Nvidia and other AI hardware stocks ahead of Nvidia’s earnings. The company recently reported fiscal Q3 sales of $10.2 billion, missing estimates, but issued a stronger-than-expected Q4 forecast. Senior sales executive Don Clegg retired May 15 and will consult for six months. Wall Street indexes climbed as chip stocks rallied.
20 May 2026
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OpenAI IPO Filing Could Come Soon as ChatGPT Parent Moves Fast Toward Market Debut

OpenAI IPO Filing Could Come Soon as ChatGPT Parent Moves Fast Toward Market Debut

OpenAI is preparing to file confidentially for an initial public offering as soon as this week, according to the Wall Street Journal and Reuters. The company is working with Goldman Sachs and Morgan Stanley on a draft prospectus and is targeting a possible public debut as early as September. OpenAI could seek a valuation of up to $1 trillion. The move comes as rivals Anthropic and SpaceX also weigh public listings.
20 May 2026
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Ondas Stock Is Moving Again After a $199 Million AI Defense Deal — What Investors Missed

Ondas Stock Is Moving Again After a $199 Million AI Defense Deal — What Investors Missed

Ondas Inc. shares climbed 3.3% to $9.43 midday Wednesday after the company agreed to acquire Israeli defense software firm Omnisys for $199 million in stock, plus up to $60 million in earn-outs. The deal, expected to close in the second quarter pending approvals, would add Omnisys’ real-time defense resource software to Ondas’ portfolio. Trading volume reached 22 million shares. Peers in the defense sector also saw gains.
20 May 2026
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CleanSpark (CLSK) $378 Million Loss Puts Bitcoin Treasury and AI Data Center Pivot on the Clock

CleanSpark Shares Gain With Wall Street Viewing Power Assets as AI Play

CleanSpark shares rose 7.4% to $15.77 by midday Wednesday after the company hired Ruben Sahakyan as senior vice president of finance. Sahakyan, formerly of KBW/Stifel, will oversee capital markets and M&A. The stock outperformed bitcoin and other miners as investors responded to CleanSpark’s push into AI infrastructure. CleanSpark holds 1.8 gigawatts of contracted power capacity.
20 May 2026
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MARA Holdings Stock Gains as Bitcoin Recovery and AI Plans Run Into Morgan Stanley Downgrade

MARA Holdings Stock Gains as Bitcoin Recovery and AI Plans Run Into Morgan Stanley Downgrade

MARA shares rose about 7% to $13.315 in Wednesday morning trading as bitcoin hovered near $77,357. Morgan Stanley cut its price target on MARA to $7 and kept an underweight rating, prompting a public rebuttal from MARA’s investor-relations chief. Riot Platforms, Cipher Digital, and TeraWulf also gained. Over 18 million MARA shares traded by late morning.
20 May 2026
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POET Technologies Jumps After $400M AI Photonics Raise, Dilution Questions Linger

POET Technologies Jumps After $400M AI Photonics Raise, Dilution Questions Linger

POET Technologies shares rose 11% to $14.55 in early Nasdaq trading Wednesday after closing a US$400 million direct offering of 19 million shares and warrants. The rebound followed an 8% drop Tuesday on dilution concerns. The company reported Q1 revenue of $503,389 and a net loss of $12.3 million. A recent $50 million order from Lumilens could scale to $500 million over five years if production ramps up.
20 May 2026
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Vida CEO Steps In as $15 Million AI IPO Hits Reality Check

Vida CEO Steps In as $15 Million AI IPO Hits Reality Check

Vida Global Inc. raised $15 million in its May 18 IPO, selling 3.75 million shares at $4 each, but the stock closed at $2.29 on Tuesday. CEO Lyle Pratt bought 312,900 shares for about $1.19 million, according to a Form 4 filing. Vida reported 2025 revenue of $551,383 and a net loss of $2.9 million. The company’s shares trade on NYSE American and NYSE Texas under the symbol VIDA.
20 May 2026
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CleanSpark Stock Jumps as Wall Street Chases the AI Power Trade

CleanSpark Stock Jumps as Wall Street Chases the AI Power Trade

CleanSpark shares rose 1.7% to $14.94 in pre-market trading Wednesday after Bernstein rated the stock Outperform with a $24 target, citing the value of miners’ power capacity for AI data centers. CleanSpark holds 1.8 gigawatts under contract and produced 640 bitcoin in April. The company reported fiscal Q2 revenue of $136.4 million, down 24.9% year-over-year, and a net loss of $378.3 million.
20 May 2026
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Meta kicks off 4 a.m. layoff emails as AI drive leads to 8,000 job cuts

Meta kicks off 4 a.m. layoff emails as AI drive leads to 8,000 job cuts

Meta Platforms began laying off about 8,000 employees, or 10% of its global workforce, early Wednesday as it shifts focus to artificial intelligence, according to Business Insider. Layoff notices went out in waves starting at 4 a.m. PDT, with U.S. staff told to work from home. More than 7,000 employees are being reassigned to AI roles, touching about 20% of staff, Reuters reported. Meta expects 2026 capital expenditures of up to $145 billion.
20 May 2026
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Entergy’s AI stock boost draws Wall Street’s attention—with a twist

Entergy’s AI stock boost draws Wall Street’s attention—with a twist

Entergy shares have risen 33.3% over the past year, outpacing the S&P 500 and utilities sector, as investors bet on surging electricity demand from data centers and industrial growth. In April, Entergy raised its four-year capital plan by 33% to $57 billion, driven largely by Meta data center projects. First-quarter adjusted earnings reached $399 million, or 86 cents a share. Entergy also finalized a service deal with HYUNDAI-POSCO Louisiana.
20 May 2026
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Marvell moves as earnings nears, eyes on AI chips

Marvell moves as earnings nears, eyes on AI chips

Marvell Technology shares rose 4.53% to $184.25 in premarket trading Wednesday, extending Tuesday’s 4.35% gain. The company will report fiscal Q1 2027 results after the close on May 27. Analysts at Evercore ISI, Melius Research, and CLSA raised price targets, citing strong demand for custom AI chips. Marvell posted record fiscal 2026 revenue of $8.195 billion in March.
20 May 2026
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Wall Street Eyes $355 Billion Nvidia Earnings Test for AI Sector

Wall Street Eyes $355 Billion Nvidia Earnings Test for AI Sector

Options pricing signals traders expect a 6.5% swing in Nvidia shares, or about $355 billion in market value, after Wednesday’s earnings. The stock closed Tuesday at $220.61, valuing Nvidia at $5.4 trillion. Wall Street consensus sees quarterly revenue at $78.5 billion, with data-center sales at $72.8 billion. Competitors AMD, Intel, and Alphabet are challenging Nvidia’s dominance in AI inference.
20 May 2026
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Alphabet’s $5B AI Cloud Push Gets Wall Street Scrutiny; Google Shares Drop

Alphabet’s $5B AI Cloud Push Gets Wall Street Scrutiny; Google Shares Drop

Alphabet Class A shares fell 2.3% to $387.66 Tuesday after Google announced new Gemini AI models, paid subscription tiers, and a $5 billion Blackstone-backed AI cloud venture. The stock had traded as high as $401.71 intraday. Google also cut prices on its top AI subscription plans and introduced Gemini 3.5 Flash, but the stronger 3.5 Pro model remains unreleased.
19 May 2026
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Nvidia Earnings Date Locked In as Wall Street Awaits AI Stock Moves

Nvidia Earnings Date Locked In as Wall Street Awaits AI Stock Moves

Nvidia will report fiscal first-quarter earnings after markets close Wednesday, with analysts expecting revenue near $79 billion, up almost 80% from a year ago. Options traders are pricing a 6.5% one-day move in Nvidia shares, or about $355 billion in market value. Shares closed Tuesday at $220.61, valuing the company at $5.4 trillion. Investors are watching for guidance on AI data center spending and competition in AI chips.
19 May 2026
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Stock Market Updates

Micron, Qualcomm lift chip stocks after hours as Nasdaq slips

Micron, Qualcomm lift chip stocks after hours as Nasdaq slips

25 June 2026
Micron soared 16.34% after hours as customers locked in nearly $100 billion in future supply obligations—about 2.4 times its latest quarterly revenue—fueling a $400 billion surge in chip stocks and reversing the tech selloff that erased over $1 trillion from the Nasdaq 100 this week.
Western Digital falls after AI-storage rally, investors look to Micron

Western Digital falls after AI-storage rally, investors look to Micron

25 June 2026
Western Digital (NASDAQ:WDC) shares dropped about 4% after a multi-week rally fueled by AI storage demand, as investors awaited Micron Technology’s earnings for new signals on enterprise storage spending; analysts cite a persistent hard-disk supply deficit that could support pricing into 2027, with Morgan Stanley raising its price target to $650.
BlackBerry falls with volume outpacing buyback plan ahead of earnings

BlackBerry falls with volume outpacing buyback plan ahead of earnings

25 June 2026
BlackBerry closed down 2.3% at $8.62 despite Stifel initiating coverage with a Buy and $12 target—39% above the close—while trading volume of 38.3 million shares far exceeded its entire buyback authorization, highlighting investor focus ahead of Thursday’s Q1 results and underscoring the limited impact of BlackBerry’s capital return plan.
Opendoor slides after landing in Russell 3000, liquidity and dilution concerns follow

Opendoor edges up before Russell 3000 move, soft housing numbers weigh

25 June 2026
Santos shares closed down 0.96% at A$7.24 after Brent crude slumped US$3.34 to US$73.74, cutting potential annual gross sales from its new Pikka project by about US$50 million at plateau rates; Pikka’s ramp to 80,000 barrels per day is key, as oil price swings now have a direct impact on Santos’ production-linked revenue and its US$2.5 billion net debt reduction target.
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