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Artificial Intelligence 29 May 2026

3X AI Chip ETF surged from $100,000 to $1.28 million, but future gains get harder

3X AI Chip ETF surged from $100,000 to $1.28 million, but future gains get harder

Direxion Daily Semiconductor Bull 3X Shares (SOXL) traded just above $220 early Friday, down from a $224.63 close after a steep rally tied to AI chip demand. A $100,000 investment in SOXL a year ago would have grown to about $1.28 million by May 27, according to 24/7 Wall St. Nvidia posted record quarterly revenue of $81.6 billion, mostly from data centers. U.S. technology funds saw $2.75 billion in inflows last week.
29 May 2026
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ByteDance AI chip effort may open Qualcomm to new markets outside smartphones

ByteDance AI chip effort may open Qualcomm to new markets outside smartphones

ByteDance is developing custom AI chips and CPUs for its data centers and has reportedly agreed to buy millions of Qualcomm’s ASICs, Bloomberg reported. The company is working on Arm and RISC-V architectures and has contacted outside partners for chip design and manufacturing, according to Reuters. Qualcomm shares rose 2.1% after the news. ByteDance faces higher CPU prices from Intel and AMD and long lead times.
29 May 2026
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Micron (MU) stock falls 6% as oil shock rattles tech, even after new 256GB server-memory samples

Micron rises with AI memory but faces new push from Samsung

Micron shares jumped 4.6% to $966.24 Friday morning, lifting its market value above $1.1 trillion. The rally followed analyst price-target hikes and strong demand for high-bandwidth memory used in AI. Samsung shipped samples of its new HBM4E chips, introducing fresh competition in the AI memory market. Micron’s revenue in its latest quarter surged to $23.86 billion from $8.05 billion a year earlier.
29 May 2026
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HP Shares Jump on AI PC Demand, But Costs Are a Drag

HP Shares Jump on AI PC Demand, But Costs Are a Drag

HP shares rose to $26.98 in early New York trading Friday after the company beat quarterly revenue and profit forecasts, with AI PCs making up 44% of shipments last quarter. Fiscal Q2 net revenue climbed 9% to $14.4 billion, driven by a 13% jump in PC business revenue. HP cut its fiscal 2026 adjusted EPS outlook and warned of rising memory-chip costs. The stock outperformed major tech indexes.
29 May 2026
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ServiceNow AI move puts pressure on Salesforce

ServiceNow Stock Jumps as AI Deal Forces a Fresh Look at Growth Fears

ServiceNow shares jumped 9% Friday morning after announcing a partnership with Wipro, which will integrate its intelligence suite with the ServiceNow AI Platform. The stock reached $120 intraday before settling near $119. Wipro’s India-listed shares rose up to 4%, while its U.S. ADRs surged 19%. ServiceNow reported first-quarter subscription revenue of $3.67 billion, up 22% from a year earlier.
29 May 2026
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Okta Shares Climb 20% as Investors Revalue AI Identity Push

Okta Shares Climb 20% as Investors Revalue AI Identity Push

Okta shares jumped nearly 20% Friday after the company beat first-quarter earnings and revenue forecasts, posting adjusted earnings of 91 cents per share on $765 million in revenue. Analysts at RBC, BMO Capital, and Mizuho raised their price targets following the results. Okta’s current remaining performance obligations rose 12%, and free cash flow reached $271 million. The company now projects second-quarter revenue of $790 million to $794 million.
29 May 2026
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HPE shares jump ahead of earnings after Dell’s AI server surge

HPE shares jump ahead of earnings after Dell’s AI server surge

Hewlett Packard Enterprise shares surged 23.5% premarket Friday after Dell raised its annual AI-server revenue outlook, citing strong demand for Nvidia-powered systems. HPE will report fiscal second-quarter results after the close on June 1. Investors are watching for signs HPE can match Dell’s order flow while maintaining margins in its Cloud & AI and networking units. Super Micro Computer shares also rose 10.7% premarket.
29 May 2026
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Oracle Shares Rebound, Eyes on AI Cloud Performance

Oracle Shares Rebound, Eyes on AI Cloud Performance

Oracle shares surged 6.6% Thursday to $203.64, up 26% for May but still far below last year’s high. The company reported fiscal Q3 revenue of $17.2 billion, with cloud revenue up 44% to $8.9 billion and a backlog of $553 billion. Capital spending jumped to $39.2 billion for the first nine months of fiscal 2026, pushing free cash flow to negative $24.7 billion.
29 May 2026
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Intel draws $150 target in AI drive, Wall Street says

Intel Shares Hold After AI Surge, Arc Chip Plays Developing

Intel shares closed at $120.89 Thursday, down 0.72%, after the company launched its Arc G-Series chips for handheld gaming PCs. Acer unveiled its Predator Atlas 8 using the new chips, with shipments from Acer, MSI, and OneXPlayer set for June. Intel’s stock remains near its May 11 high of $132.75, driven by strong data center CPU demand and recent AI orders. First-quarter revenue rose 7% to $13.6 billion.
29 May 2026
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Ford Stock Just Became Wall Street’s Surprise AI Trade. The Rally Is Getting Hard to Ignore

Ford Stock Just Became Wall Street’s Surprise AI Trade. The Rally Is Getting Hard to Ignore

Ford shares closed Thursday at $16.65, up 4.9%, bringing the one-month gain to 34%. The rally follows news of a five-year agreement for Ford Energy to supply up to 20 GWh of battery storage to EDF power solutions North America. Ford recently acquired Kentucky battery plants and assumed a $3.8 billion federal loan. Investors are focusing on Ford’s energy-storage business rather than its auto sales.
29 May 2026
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Nokia’s AI Rally Hits a Wall as Shares Slide Again in Helsinki

Nokia’s AI Rally Hits a Wall as Shares Slide Again in Helsinki

Nokia shares fell 2.74% to 12.96 euros in Helsinki by late Friday morning, underperforming the OMX Helsinki 25 index. The drop followed two weak U.S. sessions for Nokia’s American depositary receipts, which slid over 7% across Wednesday and Thursday. Investors trimmed positions after a sharp AI-driven rally. Nokia recently raised its 2026 Network Infrastructure sales growth forecast to 12%-14%.
29 May 2026
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NetApp Up 13% After Strong Earnings, Citing AI Storage Demand

NetApp Up 13% After Strong Earnings, Citing AI Storage Demand

NetApp shares jumped 13% to near $161 in after-hours trading Thursday after the company beat Wall Street estimates with $1.95 billion in quarterly revenue and $2.43 adjusted EPS. The company forecast fiscal 2027 revenue up to $7.575 billion, citing strong AI and cloud demand. All-flash array revenue hit a record $1.2 billion. NetApp warned of margin risks from rising memory and component costs.
29 May 2026
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Amazon Nears $3 Trillion With New AI Win for AWS

Amazon Nears $3 Trillion With New AI Win for AWS

Amazon shares rose 0.8% to $274.00 Thursday after Snowflake announced a $6 billion, five-year commitment to AWS infrastructure. The deal highlights rising demand for AI cloud services and comes as AWS reported first-quarter sales of $37.6 billion, up 28% year over year. Snowflake shares also climbed on the news. The Nasdaq and S&P 500 closed at record highs.
29 May 2026
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Apple Hits Record Again, Market Waits for WWDC to Test AI Story

Apple Hits Record Again, Market Waits for WWDC to Test AI Story

Apple shares rose 0.5% to $312.51 Thursday, hitting a record high as volume topped 48 million and market cap reached $4.6 trillion. Bank of America and Melius raised their price targets, citing AI and Siri upgrades expected at WWDC starting June 8. Apple reported Q2 revenue of $111.2 billion, up 17% from last year. CEO Tim Cook will become executive chairman on September 1.
29 May 2026
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Stock Market Today

  • American Resources Receives Nasdaq Notice for Late 10-Q Filing Amid Restructuring
    June 3, 2026, 5:50 PM EDT. American Resources Corporation (NASDAQ:AREC) received a Nasdaq notice for delayed filing of its quarterly Form 10-Q for Q1 2026. The delay follows completion of its audited 2025 Form 10-K, which detailed a multi-year restructuring, deconsolidation of operations, and a strengthened balance sheet. Nasdaq has not suspended trading of AREC shares. The company plans to file the 10-Q as soon as practicable within Nasdaq's compliance timeframe. CEO Mark Jensen emphasized the restructuring milestone clarified American Resources' strategic focus as a supplier and aggregator of critical minerals and rare earths for U.S. and allied supply chains, including partnerships with refining platforms ReElement Technologies and Electrified Materials.

Latest articles

AT&T Shares Fall After SpaceX Signals, Wall Street Looks Hard at Fiber Plans

AT&T Shares Fall After SpaceX Signals, Wall Street Looks Hard at Fiber Plans

3 June 2026
AT&T shares plunged 4.4% to $23.55 after Oppenheimer downgraded the stock and removed its $32 price target, warning that SpaceX’s Starlink could threaten AT&T’s broadband and mobile growth as it expands, sparking sector-wide declines for Verizon and T-Mobile despite AT&T’s new fiber offerings and ongoing $250 billion network investment.
Mirion Gains While Wall Street Slides—What’s Behind MIR’s Move

Mirion Gains While Wall Street Slides—What’s Behind MIR’s Move

3 June 2026
Mirion jumped 1.1% to $18.24 on strong volume while major indexes fell, as investors focused on its nuclear-safety business after a University of Liverpool partnership and robust Q1 revenue and orders, despite a GAAP net loss and lowered adjusted EPS guidance due to a CEO retention grant.
CrowdStrike Tops Forecasts but Shares Drop as AI Expenses Gain Attention

CrowdStrike Tops Forecasts but Shares Drop as AI Expenses Gain Attention

3 June 2026
CrowdStrike shares plunged about 8% after hours as investors overlooked strong revenue and raised guidance to focus on rising AI and product development costs, with first-quarter operating expenses jumping to $1.07 billion from $934.3 million a year earlier, despite a four-for-one stock split and record cash flow.
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