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Artificial Intelligence 28 May 2026

Okta Shares Rise After Earnings Beat as AI-Agent Trade Faces First Major Test

Okta Shares Rise After Earnings Beat as AI-Agent Trade Faces First Major Test

Okta reported first-quarter revenue of $765 million, up 11% and above analyst estimates, with adjusted EPS of 91 cents. Shares rose 5.8% to $94.72, gaining further after hours. GAAP net income reached $74 million, and current remaining performance obligations grew 12% to $2.499 billion. New products accounted for 35% of bookings this quarter.
Microsoft Rallies on AI Model Chatter, Wall Street Watches Copilot Move

Microsoft Rallies on AI Model Chatter, Wall Street Watches Copilot Move

Microsoft shares jumped 3.4% to $426.52 Thursday after reports the company will unveil new in-house AI models, including one for GitHub Copilot, at its Build event next week. The stock outperformed major tech ETFs, trading over 32 million shares and reaching a $3.18 trillion market cap. Reuters said Microsoft declined to comment on the report. Investors remain focused on AI sales, Azure demand, and rising costs.
ServiceNow Pops After AI Skeptics Back Off

ServiceNow Pops After AI Skeptics Back Off

ServiceNow shares rose $7.31 to $109.43 in late New York trading Thursday, outperforming the S&P 500 and Nasdaq as investors moved into AI-focused enterprise software stocks. Snowflake surged over 33% after announcing a $6 billion AWS deal and raising its revenue outlook. ServiceNow reported 22% year-over-year growth in subscription and total revenue for Q1. Wall Street remains split on AI’s impact across the sector.
Synopsys Slides After Upping AI Outlook

Synopsys Slides After Upping AI Outlook

Synopsys shares fell 9.4% to $476.40 Thursday despite raising its fiscal 2026 outlook after beating Q2 sales estimates. Traders cited weaker chip-IP demand and costs from recent deals, while Design IP revenue dropped to $454.2 million from $482 million. Jesse Cohn of Elliott Investment Management will join the board June 1. Cadence shares slipped 0.3%; the VanEck Semiconductor ETF rose 0.9%.
Robinhood Moves to Let AI Agents Trade and Spend, Turning Up Pressure on Banks

Robinhood Moves to Let AI Agents Trade and Spend, Turning Up Pressure on Banks

Robinhood shares rose 9.6% to $83.55 after the company announced customers can now use AI agents to trade stocks and make virtual credit card purchases. The Agentic Trading and Agentic Credit Card features allow users to set up separate accounts for AI-directed transactions. Robinhood reported 27.4 million funded accounts and 4.3 million Gold subscribers in Q1.
Marathon Digital stock dips as Bitcoin slide draws focus to AI push

Marathon Digital stock dips as Bitcoin slide draws focus to AI push

MARA Holdings shares fell 2.1% to $14.03 on Thursday, underperforming other bitcoin miners as bitcoin dropped 1.7%. The company reported a $1.26 billion net loss last quarter, with revenue down 18% from a year ago, mostly due to lower bitcoin-mining income. No new company statements were issued this week. Investors remain focused on MARA’s bitcoin exposure and its $1.5 billion Long Ridge Energy acquisition.
Marvell up after $10B custom-chip goal gives AI story a boost

Marvell up after $10B custom-chip goal gives AI story a boost

Marvell Technology shares rose 2.4% to $203.50 Thursday after the company projected annual custom-chip revenue above $10 billion by fiscal 2029. First-quarter revenue jumped 28% to $2.418 billion, with data center sales making up 76% of the total. Marvell’s GAAP net income fell to $34.5 million. The company reported strong AI-related bookings and expects $1 billion in prepayments this year to secure supply.
AMD Stock Is Running Hot Again as Wall Street Chases the Next Big AI Winner

AMD Stock Is Running Hot Again as Wall Street Chases the Next Big AI Winner

AMD shares rose 5.1% to $520.93 in midday trading Thursday, outpacing Nvidia and Intel as investors returned to chip stocks. The move follows AMD’s announcement of over $10 billion in investments across Taiwan’s chip sector and continued demand for its AI-focused CPUs and GPUs. The iShares Semiconductor ETF gained 1.9%. CEO Lisa Su said supply will increase each quarter through 2027.
Palantir Jumps, Wall Street Still Has AI Concerns

Palantir Jumps, Wall Street Still Has AI Concerns

Palantir shares rose 5.7% to $140.10 by midday Thursday, outpacing major indexes as investors returned to AI and data software stocks. Volume topped 22 million shares, with market cap near $360 billion. The company recently raised its 2026 revenue target to up to $7.66 billion after reporting 85% first-quarter revenue growth. Some analysts warn the stock price leaves little room for error.
Super Micro Shares Move on Taiwan Server Seizure, AI Cloud Agreement

Super Micro Shares Move on Taiwan Server Seizure, AI Cloud Agreement

Super Micro shares rose 6.2% to $40.57 Thursday after the company reported Taiwanese officials arrested three suspects and seized 50 servers linked to illegal exports to China. The company also announced a major AI-cloud deployment in Europe with Verda. Trading volume exceeded 18 million shares. Super Micro forecast quarterly revenue of $11 billion to $12.5 billion.
Keel’s AI rally gets premarket test

Keel’s AI rally gets premarket test

Keel Infrastructure shares fell 1.82% in premarket trading Thursday after a 7.31% gain Wednesday, as the company shifts from Bitcoin mining to AI data centers. First-quarter revenue dropped 23% to $37 million, with an operating loss of $98 million. Keel reported $533 million in liquidity as of May 8. The company completed its U.S. redomiciling and rebrand from Bitfarms in April.
Micron’s $1 Trillion AI-Memory Bet Faces New York Test

Micron’s $1 Trillion AI-Memory Bet Faces New York Test

Micron Technology shares fell 1.82% to $911.48 in premarket trading Thursday after closing at $928.41, despite recently surpassing a $1 trillion market cap on AI demand and analyst upgrades. The company reported fiscal Q2 revenue of $23.86 billion and forecast Q3 revenue of $33.5 billion. U.S. futures edged lower as traders watched Iran headlines and awaited inflation data.
IREN Drops Pre-market After $1.6B Dell AI Deal

IREN Drops Pre-market After $1.6B Dell AI Deal

IREN Limited shares fell 3.6% to $65.41 in premarket trading Thursday after surging 13.48% Wednesday on news of a $1.6 billion deal with Dell for Nvidia Blackwell systems. The hardware will support IREN’s $3.4 billion AI cloud contract at its Texas campus. The deal was signed May 19, with Dell to be paid within 30 days of each shipment. Wall Street responded as B. Riley Securities raised its price target to $88.
Intel slips ahead of inflation numbers, AI momentum cools

Intel slips ahead of inflation numbers, AI momentum cools

Intel shares fell 1.4% to $121.77 on Wednesday and traded at $119.70 after hours ahead of Thursday’s session. Reuters reported ByteDance is developing its own CPUs as Intel and AMD raised prices 10% to 35% in recent months. The Philadelphia Semiconductor Index dropped 1.4% after hitting a record high. U.S. stock futures declined Thursday as traders watched inflation data and U.S.-Iran tensions.
Nvidia Shares Fall as $5 Trillion AI Trade Faces Next Challenge

Nvidia Shares Fall as $5 Trillion AI Trade Faces Next Challenge

Nvidia shares fell 1.1% to $212.60 Wednesday, with its market value near $5.19 trillion, as chip stocks broadly retreated after recent gains. The S&P 500 and Nasdaq closed at record highs. Taiwan prosecutors suspect Nvidia chips may have been smuggled into China via Japan, Bloomberg reported, though Reuters could not verify this. Nvidia recently reported Q1 revenue of $81.6 billion, up 85% year-on-year.
Dell’s AI Run Meets Hurdle as Lenovo and HP Rekindle Hardware Bets

Dell’s AI Run Meets Hurdle as Lenovo and HP Rekindle Hardware Bets

Dell shares traded near $305 late Wednesday, down from an early high of $327.75, ahead of Thursday’s earnings report. Analysts expect fiscal Q1 revenue of $36.18 billion and adjusted EPS of $2.97, just above Dell’s own targets. Dell previously forecast $50 billion in annual AI server revenue and reported $43 billion in backlog. Option markets implied a possible 10% move in the stock by week’s end.
AI Fund Lifts Nebius Again After 444% Climb

AI Fund Lifts Nebius Again After 444% Climb

Nebius Group shares rose 11.47% after hours Wednesday following a filing showing Situational Awareness LP and affiliates took a 5.6% stake. The AI cloud company reported Q1 revenue of $399 million, up 684% from last year. Meta agreed in March to buy at least $12 billion in AI computing capacity from Nebius starting in 2027. Shares have climbed about 444% over the past year.
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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

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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

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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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