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Stock Market 11 May 2026

Redwire Stock Jumps as $498 Million Backlog Puts Defense Orders Back in Focus

Redwire Stock Jumps as $498 Million Backlog Puts Defense Orders Back in Focus

Redwire shares jumped about 10% to $12.19 in early Monday trading, with volume topping 30 million shares. Investors bought 46,592 call options, 41% above average, after the company reported record backlog and reaffirmed its 2026 revenue forecast. First-quarter revenue rose 58% to $97 million, but net loss widened to $76.5 million. Backlog reached $498.1 million, including a $1.8 billion Andromeda contract.
SoFi Technologies Reported PrimaryBid Deal Could Put SOFI Stock Back in the IPO Race

SoFi Technologies Reported PrimaryBid Deal Could Put SOFI Stock Back in the IPO Race

SoFi Technologies has agreed to acquire most of British fintech PrimaryBid, Sky News reported Monday, sending SoFi shares up 1.7% to $16.02 in midday New York trading. The deal would expand SoFi’s push into IPO access for retail investors. Reuters noted it had not verified the Sky report. SoFi’s first-quarter net revenue rose 43% to $1.1 billion, with loan originations at $12.2 billion.
IonQ Stock Surges As SkyWater Vote Clears Key Hurdle For $1.8 Billion Quantum Chip Deal

IonQ Stock Surges As SkyWater Vote Clears Key Hurdle For $1.8 Billion Quantum Chip Deal

IonQ shares rose 16% Monday after SkyWater Technology shareholders approved IonQ’s $1.8 billion acquisition of the chip foundry. SkyWater shares gained 2.4%. The deal, still subject to regulatory approval, would bring semiconductor manufacturing in-house for IonQ. SkyWater shareholders voted overwhelmingly in favor, with 32.6 million for and about 405,000 against.
Tesla Stock Rises Despite China Sales Drop as Musk’s China Trip Invitation Raises Stakes

Tesla Stock Rises Despite China Sales Drop as Musk’s China Trip Invitation Raises Stakes

Tesla shares rose 2.8% to $440.18 Monday despite April retail sales in China falling 9.66% to 25,956 vehicles, while Shanghai exports surged 80% to 53,522. China’s overall passenger-car sales dropped for a seventh straight month, down 21.6% year-on-year. Tesla trailed BYD and Xiaomi in local new-energy vehicle sales. The company also recalled 173 Cybertrucks over wheel rotor cracking.
Nokia Stock Jumps Again as AI Network Bet Pulls Investors Back In

Nokia Stock Jumps Again as AI Network Bet Pulls Investors Back In

Nokia shares closed up 4.1% at 11.39 euros in Helsinki on Monday, rebounding for a second session after last week’s sharp drop. The company reported first-quarter AI and cloud customer sales up 49%, with 1 billion euros in orders. CEO Justin Hotard said Nokia is tracking above the midpoint of its 2024 profit outlook. The stock has swung sharply, falling 7.1% Thursday before rising Friday and Monday.
11 May 2026
Coterra Energy Stock Is Gone From NYSE After Devon Merger. What Investors Need Now

Coterra Energy Stock Is Gone From NYSE After Devon Merger. What Investors Need Now

Coterra Energy shares stopped trading after Devon Energy closed its all-stock acquisition on May 7. Former Coterra shareholders will receive 0.70 Devon shares for each Coterra share. The combined company trades under Devon’s DVN ticker and is headquartered in Houston. Devon approved an $8 billion buyback and higher fixed dividend following the merger.
Nebius Stock Rally Hits a Crucial $18 Billion AI Test Before Q1 Earnings

Nebius Stock Rally Hits a Crucial $18 Billion AI Test Before Q1 Earnings

Nebius Group shares jumped $13.93 to $190.98 in U.S. trading Monday, nearing record highs ahead of its May 13 quarterly report. The Nasdaq-listed AI cloud firm has reported major deals with Meta and Microsoft, and secured a $2 billion investment from Nvidia. Wall Street raised price targets, with B of A Securities lifting its target to $205. Nebius closed a $4.34 billion convertible debt round in March to fund aggressive data center expansion.
Pfizer Stock Rebound Bet: Why the Beaten-Down Healthcare Giant Is Back in Focus

Pfizer Stock Rebound Bet: Why the Beaten-Down Healthcare Giant Is Back in Focus

Pfizer shares rose 1.5% to $26.07 Monday morning after a first-quarter earnings beat and reaffirmed 2026 outlook, but the stock remains weighed down by looming patent expirations on key drugs. Investors are watching whether new cancer and obesity treatments, including the $10 billion Metsera deal, can offset losses. Pfizer’s dividend yield stands near 6.5% after a 50% drop from 2021 highs. Net income fell year-over-year as COVID product sales declined.
11 May 2026
BigBear.ai Insider Sale Puts BBAI Stock on Watch After Fresh Defense-AI Backlog Jump

BigBear.ai Insider Sale Puts BBAI Stock on Watch After Fresh Defense-AI Backlog Jump

BigBear.ai director Dorothy Hayes sold 15,000 shares for $61,575 on May 8, leaving her with 204,150 shares, according to an SEC filing. The sale came days after the company reported a $281.9 million backlog and reaffirmed 2026 revenue guidance. BigBear.ai posted first-quarter revenue of $34.4 million, down 1% year-over-year. The stock traded near $4.18, down 27% over six months.
Nvidia Stock Split Watch Returns As Shares Near Record Before May Earnings

Nvidia Stock Split Watch Returns As Shares Near Record Before May Earnings

Nvidia shares rose 2% to $219.51 Monday, valuing the company at $5.38 trillion, as investors awaited first-quarter results due May 20. Stock-split speculation resurfaced after a recent article, though analysts said another split is not imminent. Nvidia and IREN last week announced AI infrastructure and cloud contracts worth a combined $5.5 billion. Alphabet is reportedly closing in on Nvidia’s market value.
ServiceNow Stock Faces a $30 Billion AI Test as KeyBanc Stays Bearish

ServiceNow Stock Faces a $30 Billion AI Test as KeyBanc Stays Bearish

KeyBanc maintained an Underweight rating and $85 price target on ServiceNow after the company projected over $30 billion in subscription revenue by 2030. ServiceNow’s first-quarter subscription revenue rose 22% to $3.67 billion, but KeyBanc flagged slowing bookings growth. Shares traded at $93.13 early Monday, up 2.1%. ServiceNow’s Now Assist AI product reached $750 million in annual contract value.
GCT Semiconductor Stock Moves Before Q1 Earnings as Satellite 5G Deal Raises Stakes

GCT Semiconductor Stock Moves Before Q1 Earnings as Satellite 5G Deal Raises Stakes

GCT Semiconductor shares rose to $1.88 in early extended trading Monday, up from Friday’s $1.70 close, after announcing a satellite reference-platform agreement. The company reports first-quarter results after the U.S. market closes May 12. Analysts expect a loss of 13 cents per share on $1.77 million revenue. GCT did not disclose the satellite customer or financial terms.
Lumentum’s Nasdaq-100 Breakthrough Turns AI Optics Stock Into Must-Watch Index Trade

Lumentum’s Nasdaq-100 Breakthrough Turns AI Optics Stock Into Must-Watch Index Trade

Lumentum Holdings will enter the Nasdaq-100 on May 18, replacing CoStar Group. Lumentum shares were indicated at $903.80 early Monday, valuing the company at about $86.9 billion after a 145% gain this year. The company reported fiscal Q3 revenue up 90% to $808.4 million and forecast Q4 revenue up to $1.01 billion. Nvidia recently invested $2 billion in Lumentum and made a multibillion-dollar purchase commitment.

Stock Market Today

  • Intuitive Machines Stock Surges 15.5% Ahead of SpaceX IPO Amid Sector Interest
    June 12, 2026, 8:22 AM EDT. Intuitive Machines shares jumped 15.49% to close at $30.64 on renewed investor interest ahead of SpaceX's expected Nasdaq IPO. The rally reflects a sector-wide boost, though Intuitive Machines faces dilution risks from a $500 million at-the-market (ATM) share offering, which can reduce existing shareholder stakes. In addition, the company missed NASA's recent lunar rover contract awards, highlighting execution risks amid intense competition. However, positive fundamentals include a record $186.7 million Q1 revenue, $2.7 million adjusted EBITDA, and a strong $1.1 billion backlog. Market attention now turns to NASA's upcoming lunar infrastructure contracts and mission updates as catalysts for Intuitive Machines' future valuation.

Latest articles

Micron Stock Nears $1,000 Again as AI Memory Rally Faces June 24 Test

Micron Stock Nears $1,000 Again as AI Memory Rally Faces June 24 Test

12 June 2026
Micron soared 11.66% to $995.87 after a sharp pullback, as investors weigh booming AI-driven memory demand against concerns the stock already prices in a near-perfect upcycle; all eyes are on the June 24 earnings call, with analysts forecasting Q3 EPS of $19.46 on $34.07B revenue and debating whether supply constraints can sustain elevated earnings and justify Micron’s $1.14T valuation.
Intuitive Machines Stock Rebounds as SpaceX IPO Buzz Tests LUNR’s Valuation

Intuitive Machines Stock Rebounds as SpaceX IPO Buzz Tests LUNR’s Valuation

12 June 2026
Intuitive Machines surged 15.49% to $30.64 as traders piled into space stocks ahead of SpaceX’s Nasdaq debut, but ongoing risks from a $500 million at-the-market share sale and missed NASA rover contracts continue to weigh on LUNR, with analysts split between “Buy” and “Hold” and price targets near current levels.
Planet Labs Gets a Lift After SpaceX IPO, Space Stocks Back in Play

Planet Labs Gets a Lift After SpaceX IPO, Space Stocks Back in Play

12 June 2026
Planet Labs surged 11.23% to $34.17 as traders rotated into commercial space stocks ahead of SpaceX’s record $75 billion IPO, but the stock faces dilution risk from a $1.5 billion at-the-market program and ongoing GAAP losses, with future price moves hinging on SpaceX’s debut and Planet’s ability to turn record backlog into profitable growth.
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