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NASDAQ:MGI 7 May 2026

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  • Fervo Energy Jumps 30% in Nasdaq Debut on AI-Driven Power Demand
    May 13, 2026, 4:16 PM EDT. Houston-based geothermal startup Fervo Energy surged more than 30% in its Nasdaq debut, valuing the company above $10 billion. Its upsized IPO raised $1.89 billion at $27 per share, the largest energy-related IPO since 2013. Fervo develops enhanced geothermal systems offering stable baseload power, a key advantage over solar and wind, attracting tech giants like Alphabet. The company's projects, including Corsac Station in Nevada, cater to AI data center electricity needs. Fervo's expansion includes the Utah Cape Station project, aiming for 500 megawatts within three years and up to 4 gigawatts potential. Investor interest spans traditional energy and AI-driven power demand sectors. Despite early commercial stages, Fervo has secured contracts with $7.2 billion in potential revenue backlog, underscoring investor confidence in its growth prospects.

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Dow Jones Today: Why the Dow Slipped While AI Stocks Drove Wall Street Higher

Dow Jones Today: Why the Dow Slipped While AI Stocks Drove Wall Street Higher

13 May 2026
The Dow Jones Industrial Average fell 90.72 points to 49,669.84 on Wednesday, while the S&P 500 and Nasdaq rose, lifted by gains in chip and AI stocks. Producer prices jumped 1.4% in April, the largest monthly increase since March 2022. The Senate confirmed Kevin Warsh as Federal Reserve chair in a 54-45 vote. Prediction markets showed a 97% chance the Fed holds rates steady in June.
US Stocks Hit Fresh Records as Chip Rally Overpowers Hot Inflation Shock

US Stocks Hit Fresh Records as Chip Rally Overpowers Hot Inflation Shock

13 May 2026
The S&P 500 closed at 7,444.14 and the Nasdaq at 26,404.74, both record highs, while the Dow slipped 0.13% to 49,693.63. April producer prices jumped 1.4%, the largest monthly rise since March 2022, pushing back Fed rate-cut expectations. Prediction markets now see a long pause in U.S. policy easing. Tech stocks, especially AI-linked shares, led gains despite the inflation surprise.
Biggest Stock Movers Today: Fervo, Nebius and Ford Surge as Wix Sinks on AI Spending Shock

Biggest Stock Movers Today: Fervo, Nebius and Ford Surge as Wix Sinks on AI Spending Shock

13 May 2026
Fervo Energy surged 33% in its Nasdaq debut, raising $1.89 billion and reaching a $10.21 billion valuation. Nebius, Ford, Akamai, and Wolfspeed climbed as investors sought AI-infrastructure stocks. Wix and Dynatrace fell after earnings. Producer prices jumped 1.4% in April, the biggest monthly rise in four years, while rate-cut expectations for 2026 dropped.

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SELLAS Stock Jumps After AML Trial Moves Two Events From Final Readout

SELLAS Stock Jumps After AML Trial Moves Two Events From Final Readout

13 May 2026
SELLAS Life Sciences said its pivotal REGAL leukemia trial has recorded 78 of 80 events needed for final analysis, triggering a rise in after-hours trading. The company reported a first-quarter net loss of $8.4 million but ended March with $107.1 million in cash. Research and development spending increased to $5.1 million. SELLAS expects its cash to fund operations for at least 12 months.
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