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ASX:ARR 16 May 2026

American Rare Earths up after Nasdaq listing update

American Rare Earths up after Nasdaq listing update

American Rare Earths Limited closed at A$0.410 on Friday, up 12.33% for the week, after formally starting the process for a planned Nasdaq secondary listing. The company appointed BDO Audit Pty Ltd as auditor and Rimon as U.S. legal adviser. The S&P/ASX 200 fell 1.2% for the week. American Rare Earths’ main project remains the Halleck Creek rare earths site in Wyoming.
16 May 2026
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Stock Market Today

  • Broadcom Stock Surges with Analyst Price Target Upgrades Amid AI Expansion
    May 16, 2026, 4:30 PM EDT. Broadcom (AVGO) shares have surged about 36% since April 6, outpacing the S&P 500's 12.5% gain. The rally followed the company's extended partnerships with Google, Anthropic, and Meta, plus the launch of VMware Cloud Foundation 9.1, enhancing AI-focused infrastructure. Semiconductor sector optimism grew after Intel's earnings. Despite some legal fines in South Korea and signs of crowded trading per UBS analysts, broad market enthusiasm for AI-driven growth persists. Analysts at Wells Fargo and TD Cowen have recently raised their price targets ahead of Broadcom's Q2 earnings on June 3. Wells Fargo's Aaron Rakers, noted for a strong track record, models AI chip demand tied to hyperscale data center power capacity, underscoring Broadcom's advantage in the booming AI silicon market.

Latest articles

Take-Two Stock Just Got Its GTA 6 Spark — Next Week Brings the Real Test

Take-Two Stock Just Got Its GTA 6 Spark — Next Week Brings the Real Test

16 May 2026
New York, May 16, 2026, 16:02 (EDT) Take-Two Interactive Software enters the new week with its stock near a three-month high after a sharp, rumor-led rally tied to Grand Theft Auto VI pre-order chatter. The stock closed Friday at $242.44, up 0.01%, after jumping 6.79% on Thursday; measured against the prior Friday’s $220.45 close, the shares rose about 10% for the week. (Take-Two Interactive) That matters now because the market is shut for the weekend and the next regular Nasdaq session starts Monday. Nasdaq’s regular cash trading runs Monday through Friday from 9:30 a.m. to 4 p.m. Eastern time. (Nasdaq)
UMC Buyback Week Puts Focus on Chip Stock’s Rally

UMC Buyback Week Puts Focus on Chip Stock’s Rally

16 May 2026
UMC shares in Taiwan jumped about 20% last week, closing Friday at NT$110 after a buyback of 3.78 million shares for NT$406.6 million. The company held 20.5 million treasury shares during the repurchase period. UMC’s April net sales rose 10.8% year-on-year to NT$22.66 billion. The broader TAIEX index fell Friday after hitting a record intraday high.
Everspin Heads Into Weekend After Insider Selloff and Tech Losses

Everspin Heads Into Weekend After Insider Selloff and Tech Losses

16 May 2026
Everspin shares fell 7.5% to $37.57 Friday and slipped to $37.00 after hours, but still ended the week up 39% after volatile trading. An SEC filing showed director Glen Hawk sold 48,563 shares. The moves followed first-quarter results showing revenue rose to $14.87 million and a $40 million defense subcontract for onshore MRAM production.
American Rare Earths up after Nasdaq listing update

American Rare Earths up after Nasdaq listing update

16 May 2026
American Rare Earths Limited closed at A$0.410 on Friday, up 12.33% for the week, after formally starting the process for a planned Nasdaq secondary listing. The company appointed BDO Audit Pty Ltd as auditor and Rimon as U.S. legal adviser. The S&P/ASX 200 fell 1.2% for the week. American Rare Earths’ main project remains the Halleck Creek rare earths site in Wyoming.
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