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NASDAQ:PSIX 12 May 2026

Power Solutions International Stock Plunges After Profit Sinks 62%; Data Center Bet Faces New Test

Power Solutions International Stock Plunges After Profit Sinks 62%; Data Center Bet Faces New Test

Power Solutions International reported first-quarter net income of $7.3 million, down 62% from a year earlier, with revenue falling 5% to $128.6 million. Shares plunged 17.5% to $62.45 at the Nasdaq close and dropped further in after-hours trading. The company did not issue full-year guidance. Gross margin fell to 22.9% from 29.7% a year earlier.
12 May 2026
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Stock Market Today

  • Stock Market Today: Dow Futures Up, S&P 500 and Nasdaq Lower Amid Oil Price Slide
    June 4, 2026, 5:10 AM EDT. Dow Futures rose while the S&P 500 and Nasdaq are set to open lower. Oil prices slipped after Israel and Lebanon agreed on a ceasefire contingent on Iran-backed Hezbollah ending hostilities. Brent crude fell 0.8% to $97.03 per barrel; WTI futures dropped 1% to $95.32 per barrel. U.S. commercial crude oil stocks declined by 8 million barrels. Market movers include Marvell, Nvidia, and Micron. The geopolitical development provides cautious optimism amid mixed market signals.

Latest articles

Broadcom Stock Slips After AI Outlook Rattles Wall Street

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Broadcom plunged 11.2% premarket after posting record Q2 revenue but missing analyst estimates and issuing an AI-chip outlook that failed to meet sky-high expectations, as investors punished the stock for not raising its long-term sales target despite strong results; shares last indicated at $425.75 after closing at $479.23.
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Navitas Stock Gets Boost from Nvidia But Risks Remain for Traders

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4 June 2026
Navitas surged 19.3% to $30.84 after announcing its 800 VDC power board is featured in NVIDIA’s MGX AI infrastructure, but shares dropped 7.25% after hours as investors weighed technical validation against weak revenue and stiff competition, with analysts warning the stock trades far above target prices despite ongoing losses.
Marvell Shares Set New High With Nvidia Surge Lifting Chip Suppliers

Marvell Shares Set New High With Nvidia Surge Lifting Chip Suppliers

4 June 2026
Marvell soared to a record $301.65 close after Nvidia CEO Jensen Huang called it the next “trillion-dollar company,” fueling an AI-led rally as investors reprice Marvell for its data-center networking and custom chip growth; record Q1 revenue and raised forecasts add momentum, but Morningstar warns the stock now trades well above its $235 fair value estimate with “High” uncertainty.
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