Today: 12 May 2026
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Artificial Intelligence 5 May 2026 - 6 May 2026

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

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

Fastly shares rose 15% to $31.66 Tuesday, extending a sharp 2026 rally ahead of its first-quarter earnings due after Wednesday’s close. The surge followed DigitalOcean’s report of 22% revenue growth and a 221% jump in AI customer annual recurring revenue. Wall Street expects Fastly to post Q1 revenue of $170.26 million and adjusted earnings of 8 cents a share. Fastly stock is up over 200% this year, trading near its 52-week high.
5 May 2026
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DigitalOcean Stock Jumps 36% After AI Cloud Growth Sends 2026 Guidance Higher

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

DigitalOcean shares surged 36% Tuesday after the company raised its 2026 and 2027 revenue forecasts, citing higher demand for AI workloads and larger contracts. First-quarter revenue climbed 22% to $258 million, while net income dropped 59% to $16 million. The company increased its credit facility by $112.5 million and completed an $888 million share offering, using $500 million to repay debt.
5 May 2026
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Digi Power X Stock Jumps as $1.1 Billion Cerebras Deal Puts Alabama AI Campus in Play

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

Digi Power X signed a 10-year, $1.1 billion agreement with Cerebras Systems to host a 40-megawatt AI data center campus in Columbiana, Alabama. The deal could reach $2.5 billion with renewals. Digi Power X shares jumped about 30% to $5.145 in late-morning trading. Construction on the first phase is set to begin immediately, with initial service targeted for December 2026.
5 May 2026
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Sandisk Stock Keeps Surging on the AI Storage Boom — But the Earnings Call Flashed a Warning

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

Sandisk shares rose 9.3% to $1,372.33 Tuesday after reporting fiscal Q3 revenue of $5.95 billion, up 251% year-over-year, and GAAP net income of $3.62 billion. The company signed five long-term supply deals worth over $11 billion, now covering more than a third of projected 2027 memory sales. Data-center revenue jumped 233% sequentially to $1.47 billion.
5 May 2026
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Nasdaq Rally Gets Its AI Spark Back as Intel, Micron, Alphabet and SanDisk Jump

Nasdaq Rally Gets Its AI Spark Back as Intel, Micron, Alphabet and SanDisk Jump

The Nasdaq rose 0.83% Tuesday morning as chip and tech shares rallied, with Intel jumping 14.4% after reports of Apple talks. SanDisk reported a 251% revenue surge and forecast strong fourth-quarter sales, citing datacenter demand. Oil prices fell, easing pressure on rate-sensitive tech stocks. April gains set records, with the S&P 500 up 10.4% and the SOX index up 38.4%.
5 May 2026
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Stock Market Today

  • QuantumScape Shares Rise 9.35% After Q1 Earnings Beat Expectations
    May 12, 2026, 5:51 PM EDT. QuantumScape Corporation (NASDAQ: QS) shares jumped 9.35% following its Q1 2026 earnings report, which showed a smaller-than-expected loss of $0.16 per share versus Wall Street's forecast of $0.18. Despite continuing losses of $100.8 million driven by heavy R&D spending, QS's strong cash position of $904.7 million and a working capital cushion of $872.1 million reassure investors. The stock's advance from mid-$6s in late April to around $8.26 on May 11 reflects growing optimism about the firm's solid-state lithium-metal battery technology. Market participants remain focused on progress toward commercialization, with robust trading momentum indicating confidence in QS's potential for electric vehicle applications.

Latest article

British American Tobacco Stock Jumps as FDA Shift Gives Vuse and Velo a Cleaner Read

British American Tobacco Stock Jumps as FDA Shift Gives Vuse and Velo a Cleaner Read

12 May 2026
British American Tobacco shares jumped 5.82% in London to £46.34 after the FDA signaled a softer enforcement stance on some e-cigarette and nicotine pouch products. A U.S. judge also dismissed BAT’s North Korea sanctions case following a $630 million settlement. The FTSE 100 slipped 0.04%. BAT’s U.S.-listed ADR closed up 5.3% at $63.64.
Camtek Stock Falls 16% After Earnings Beat as Margin Pressure and Hot CPI Hit AI Chip Trade

Camtek Stock Falls 16% After Earnings Beat as Margin Pressure and Hot CPI Hit AI Chip Trade

12 May 2026
Camtek shares fell 15.8% to $174.63 despite beating Q1 revenue and adjusted EPS estimates by small margins. Q1 revenue rose 2.5% year over year, but non-GAAP EPS dropped to $0.70 from $0.79 and operating margin narrowed to 25.5%. Management guided Q2 revenue to $129–$131 million and expects second-half revenue to rise over 25%. Broader market pressure followed a hot April CPI and rising Treasury yields.
Oscar Health stock rises in premarket after 2026 revenue outlook; House subpoenas add a fresh risk

Oscar Health Stock Extends Post-Earnings Repricing as Margins Outweigh ACA Risk

12 May 2026
Oscar Health shares rose 7.9% to $23.73 late Tuesday, with volume near 13 million, after posting strong Q1 profit and lower claims costs despite missing revenue estimates. The company’s medical loss ratio fell to 70.5% from 75.4% a year earlier. Membership climbed to 3.17 million. ACA enrollment churn and policy risk remain concerns.
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