Artificial Intelligence 5 May 2026

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

Coinbase Global plans to slash roughly 700 positions—about 14% of its worldwide staff—and pivot the business toward artificial intelligence, pushing forward one of the most visible tie-ins between layoffs and AI from a major U.S. tech-finance name. According to a regulatory filing, the restructuring is expected to wrap up in the second quarter, with projected costs of $50 million to $60 million, primarily for severance packages and termination payouts.

6 May 2026

Artificial Intelligence·Cryptocurrency·NASDAQ:COIN

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

Marvell Technology’s AI-fueled surge now faces a critical test, with quarterly earnings on deck later this month. The stock has drawn a wave of investor focus lately, spotlighting its presence in data-center networking, custom semiconductors, and optical connectivity.

6 May 2026

Artificial Intelligence·Earnings Reports·NASDAQ:AMD·NASDAQ:MRVL·NASDAQ:NVDA·Stock Market

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

Wednesday morning saw the VanEck Semiconductor ETF jump back into the spotlight as U.S. chipmakers headed higher premarket, buoyed by Advanced Micro Devices’ bullish outlook and a fresh wave of interest in AI-related hardware. SMH traded at $522.69, marking a $16.25 climb from the previous close. Reuters flagged AMD surging almost 18% before the bell, with Intel, Arm, Qualcomm, and Micron also moving up.

6 May 2026

Artificial Intelligence·ETFs·NASDAQ:AMD·NASDAQ:ARM·NASDAQ:AVGO·NASDAQ:INTC·NASDAQ:MU·NASDAQ:NVDA·NASDAQ:QCOM·NYSE:TSM

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

IREN Ltd plans to acquire Mirantis Inc in an all-share transaction pegged at roughly $625 million, a move that folds cloud software and enterprise support into the ex-bitcoin miner’s expanding AI infrastructure push. Mirantis specializes in cloud platforms and Kubernetes orchestration—software for managing and deploying apps at scale.

6 May 2026

Artificial Intelligence·Cloud Computing·LSE:IREN·Stock Market·Technology

Microsoft Stock Slips Before Open as $190 Billion AI Bet Faces Wall Street Test

Microsoft shares slipped in premarket hours Wednesday, ticking down 0.25% to $410.35 after ending Tuesday at $411.38, a drop of 0.54%. That price action kept MSFT under pressure, even as segments of the AI trade continued to attract buyers.

6 May 2026

Artificial Intelligence·NASDAQ:MSFT·Stock Market·Technology

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

Advanced Micro Devices surged close to 18% before the bell on Wednesday after delivering a revenue outlook that topped Wall Street estimates, spurring gains across the chip sector. If these gains stick, AMD could notch a new all-time high. Intel climbed 6% premarket, Arm was up 11%, and Qualcomm tacked on roughly 4%.

6 May 2026

Artificial Intelligence·NASDAQ:AMD·Stock Market·Technology

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

Anthropic has rolled out 10 prebuilt Claude AI agent templates aimed at banks, insurers, and financial companies, zeroing in on labor-intensive tasks like putting together pitchbooks, handling customer verifications, and managing month-end accounting. The move marks another step into Wall Street operations for the company.

6 May 2026

Artificial Intelligence

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

Nvidia shares come under the microscope Wednesday, with an AMD-driven surge across chip stocks underscoring changing AI investment trends. Bloomberg notes Nvidia has shed 9% over six sessions since its April 27 record close, even as the Philadelphia semiconductor index climbed over 5% in that span.

6 May 2026

Artificial Intelligence·NASDAQ:AMD·NASDAQ:GOOG·NASDAQ:INTC·NASDAQ:NVDA·NVIDIA·Stock Market

Meta Stock Faces Fresh AI Reckoning as Spending and Lawsuits Mount

Meta Platforms stock barely budged in early U.S. premarket trading Wednesday, following a 0.9% drop to $604.96 the previous session. Investors remain undecided about whether the Facebook owner’s sharply increased AI spending will actually accelerate growth.

6 May 2026

Artificial Intelligence·NASDAQ:META·Stock Market·Technology

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

Shares of Arista Networks slipped after hours Tuesday. The data-center networking specialist topped estimates for its first-quarter profit and revenue but offered a second-quarter outlook that just slightly surpassed what analysts had penciled in.

5 May 2026

Artificial Intelligence·Earnings Reports·NASDAQ:ANET·Stock Market

Backblaze Stock Soars as AI Storage Demand Lifts 2026 Outlook

Backblaze Inc. jumped Tuesday, soaring $2.96 to $7.60 after the cloud-storage provider reported a solid first quarter and upped its full-year forecast. Shares saw heavy volume as investors responded to Backblaze’s push to reposition itself as an AI infrastructure supplier, moving away from its image as just a backup service.

5 May 2026

Artificial Intelligence·NASDAQ:BLZE·Stock Market·Technology

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

Cipher Digital Inc. shares jumped Tuesday, even as the company posted a deeper first-quarter loss. Investors zeroed in on Cipher’s announcement of a third AI data center campus lease and a fresh $200 million revolving credit line to back its move away from bitcoin mining.

5 May 2026

Artificial Intelligence·Data Centers·NASDAQ:CIFR·Stock Market·Technology

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

Eaton stock slipped roughly 2% in New York on Tuesday. The power-management giant delivered record first-quarter sales and bumped up its 2026 organic growth projection, but investors zeroed in on slimmer margins and a profit forecast that came up short of expectations tied to surging AI data center demand.

5 May 2026

Artificial Intelligence·Data Centers·Earnings Reports·NYSE:ETN·Stock Market

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

Western Digital jumped roughly 6% to $469.44 late Tuesday morning. Shares opened at $455.61 and peaked at $479.94, putting the hard-drive maker within striking distance of $500 and shrugging off selling that hit after last week’s stronger-than-expected results.

5 May 2026

Artificial Intelligence·NASDAQ:WDC·Stock Market

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

Bank of Montreal is pushing a revenue-driven AI tool further into its commercial banking operations, tapping payments data to give its sales teams an edge with mid-market clients.

5 May 2026

Artificial Intelligence·NYSE:BMO

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

Cloudflare, Inc. shares advanced Tuesday, with the stock catching a lift after the internet infrastructure company announced it had been named a leader in edge development platforms by Forrester. That nod arrives just two days before Cloudflare’s next earnings report and appears to have encouraged fresh buying interest. Edge development platforms push code execution closer to users and data, which can trim latency for apps, websites, and AI services.

5 May 2026

Artificial Intelligence·Cloud Computing·NASDAQ:NET·Stock Market·Technology

Fastly Stock Surges Before Earnings as AI Cloud Rally Raises the Stakes

Fastly Inc. shares surged late Tuesday morning, continuing a strong 2026 run just ahead of the edge-cloud company’s first-quarter earnings report. As of 1:00 p.m. Eastern, the stock was up 15.17% at $31.66, according to MarketBeat.

5 May 2026

Artificial Intelligence·Cloud Computing·NYSE:FSLY·Stock Market·Technology

DigitalOcean Stock Jumps 36% After AI Cloud Growth Sends 2026 Guidance Higher

Shares of DigitalOcean Holdings Inc. surged roughly 36% Tuesday, as the cloud infrastructure provider lifted its revenue forecasts for 2026 and 2027. The company cited a bump in AI workload demand and growth in major customer deals. The stock was last seen at $147.97, up $39.16 from Monday’s close.

5 May 2026

Artificial Intelligence·Cloud Computing·NASDAQ:DOCN·Stock Market·Technology

Digi Power X Stock Jumps as $1.1 Billion Cerebras Deal Puts Alabama AI Campus in Play

Digi Power X Inc., based in Miami, has inked a 10-year deal with Cerebras Systems worth roughly $1.1 billion to colocate a custom-built, 40-megawatt AI data center campus in Columbiana, Alabama, the company announced Tuesday. If renewal options are exercised, the contract could reach $2.5 billion in total value.

5 May 2026

Artificial Intelligence·NASDAQ:DGXX·Stock Market

Sandisk Stock Keeps Surging on the AI Storage Boom — But the Earnings Call Flashed a Warning

Sandisk shares surged again early Tuesday, recently changing hands at $1,372.33, up roughly 9.3%. The stock earlier spiked to an intraday high of $1,397.08. Investors are still eyeing the company after its profit recovery and a forecast that blew past Wall Street’s expectations just days before.

5 May 2026

Artificial Intelligence·Earnings Reports·NYSE:WDC·Stock Market·Technology

Artificial Intelligence 5 May 2026 - 6 May 2026