Today: 13 June 2026
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Stock Market 7 May 2026

Qualcomm Stock Surges as AI Chip Bet Puts a Cheap Valuation Back in Play

Qualcomm Stock Surges as AI Chip Bet Puts a Cheap Valuation Back in Play

Qualcomm shares surged 11% to $213.93 Thursday after the company disclosed a leading hyperscaler will receive its custom AI chips later this year. The stock touched $223.58 intraday, lifting its market value to $229 billion. Fiscal Q2 revenue reached $10.6 billion, with $5.4 billion in share buybacks so far in 2026. Investors debated whether Qualcomm remains undervalued as AI chip demand grows.
7 May 2026
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Howmet Aerospace Stock Jumps: HWM Raises 2026 Forecast as Jet Demand Powers Profit Beat

Howmet Aerospace Stock Jumps: HWM Raises 2026 Forecast as Jet Demand Powers Profit Beat

Howmet Aerospace reported first-quarter revenue up 19% to $2.31 billion and adjusted EPS up 42% to $1.22, both above analyst estimates. The company raised its 2026 revenue forecast by $550 million at the midpoint and completed its $1.8 billion acquisition of Consolidated Aerospace Manufacturing in April. Engine Products sales rose 29% to $1.25 billion.
7 May 2026
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Ticketmaster Cuts 350 Jobs After Strong Quarter: Inside Live Nation’s Push to Reset Its Ticketing Business

Ticketmaster Cuts 350 Jobs After Strong Quarter: Inside Live Nation’s Push to Reset Its Ticketing Business

Ticketmaster has laid off about 350 employees, or 8% of its global workforce, affecting staff in 25 countries. The cuts came a day after parent company Live Nation reported a $371 million operating loss, despite revenue growth. The layoffs follow an April jury verdict finding Live Nation and Ticketmaster illegally monopolized U.S. live event markets; penalties remain pending.
7 May 2026
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CrowdStrike Stock Just Cleared $500 as Cramer, Mizuho Bets Put AI Security Back in Focus

CrowdStrike Stock Just Cleared $500 as Cramer, Mizuho Bets Put AI Security Back in Focus

CrowdStrike shares surged to $503.51 Thursday morning, up $35.44, after launching a new mobile partner app and naming key partner award winners at its Americas Partner Symposium. The stock rebounded from a Wednesday drop, following an upgrade from Mizuho and renewed investor focus on its AI-security strategy. Fourth-quarter revenue rose 23% to $1.31 billion, with annual recurring revenue at $5.25 billion as of Jan. 31.
7 May 2026
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Shake Shack Stock (SHAK) Plunges 28% After Earnings Miss, Beef Costs and New CFO Move

Shake Shack Stock (SHAK) Plunges 28% After Earnings Miss, Beef Costs and New CFO Move

Shake Shack shares dropped 28% to $69.53 Thursday after the company reported a quarterly loss and missed revenue estimates. First-quarter revenue rose 14.3% to $366.7 million, below analyst expectations, while operating loss reached $2.6 million. Michelle Hook was named CFO, joining from Portillo’s. The company raised its 2026 development plan to 60–65 new company-operated openings.
7 May 2026
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SoundHound AI (SOUN) Stock Faces 16% Earnings Swing as Traders Test the AI Hype

SoundHound AI (SOUN) Stock Faces 16% Earnings Swing as Traders Test the AI Hype

SoundHound AI shares rose 2.3% to $9.59 ahead of its first-quarter earnings, with options pricing implying a post-report move of nearly 16%. Wall Street expects $42.56 million in revenue and a 5-cent loss per share. The company recently launched its OASYS AI platform and agreed to acquire LivePerson for $43 million. SoundHound will hold its earnings call at 5 p.m. ET Thursday.
7 May 2026
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Why Hut 8 Stock Is in Focus After a $9.8 Billion AI Data Center Deal

Why Hut 8 Stock Is in Focus After a $9.8 Billion AI Data Center Deal

Hut 8 Corp. signed a 15-year, $9.8 billion lease for 352 MW of AI data-center capacity at its Beacon Point campus in Texas, with a high-investment-grade tenant. The deal brings Hut 8’s contracted AI data-center capacity to 597 MW. Revenue for the first quarter rose to $71 million, but the company reported a net loss of $253.1 million, mainly due to unrealized losses on digital assets.
7 May 2026
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Beyond Meat Stock Drops as Weak Sales Forecast Tests Its Plant-Protein Pivot

Beyond Meat Stock Drops as Weak Sales Forecast Tests Its Plant-Protein Pivot

Beyond Meat shares dropped about 14% Thursday after the company forecast second-quarter revenue of $60–$65 million, missing analyst estimates. First-quarter revenue fell 15.3% to $58.2 million as product volume slid 19.5%. U.S. retail and foodservice sales both declined sharply. Beyond launched a new protein drink and signed a distribution deal with Big Geyser for over 26,000 outlets in New York.
7 May 2026
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Snowflake Stock Just Jumped. Now Comes the AI Test Wall Street Won’t Ignore

Snowflake Stock Just Jumped. Now Comes the AI Test Wall Street Won’t Ignore

Snowflake shares rose about 10% Thursday to $153.21 amid a sector rally sparked by Datadog’s raised outlook. The stock remains down 35% for the year, with investors watching AI-driven demand ahead of Snowflake’s next earnings report. Datadog shares jumped 29% after reporting $1.01 billion in Q1 revenue. Snowflake last posted 30% product revenue growth and guided for 27% growth in the coming quarter.
7 May 2026
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Oklo Stock Pops After NRC Fast-Track Approval. The Nuclear Startup Still Has a Lot to Prove

Oklo Stock Pops After NRC Fast-Track Approval. The Nuclear Startup Still Has a Lot to Prove

The U.S. Nuclear Regulatory Commission approved Oklo Inc.’s Principal Design Criteria report for its Aurora nuclear powerhouse, cutting review time in half, the company said Wednesday. Oklo shares fell 2.9% in premarket trading Thursday after closing at $79.62. The approval does not allow full commercial operation; Oklo has not built any powerhouses or signed binding power purchase agreements.
7 May 2026
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Why Fluence Energy Stock Is Surging: Data-Center Deals Put $5.6 Billion Backlog in Focus

Why Fluence Energy Stock Is Surging: Data-Center Deals Put $5.6 Billion Backlog in Focus

Fluence Energy shares surged 34% in U.S. premarket trading Thursday after the company reported a record $5.6 billion backlog and new supply deals with two major hyperscalers. Fiscal second-quarter revenue rose 7.7% to $464.9 million, while net loss narrowed to $29.2 million. The company maintained its 2026 outlook and reported total liquidity of about $900 million as of March 31.
7 May 2026
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Why Lumentum’s 90% AI Sales Surge Still Sent Its Stock Lower

Why Lumentum’s 90% AI Sales Surge Still Sent Its Stock Lower

Lumentum Holdings shares dropped 5% after reporting fiscal Q3 revenue of $808.4 million, up 90% year over year, and beating profit estimates but missing revenue expectations. Nvidia’s $2 billion investment in March deepened Lumentum’s role in AI data center supply chains. CEO Michael Hurlston said demand for high-speed lasers outpaces supply by over 30%. The company guided Q4 revenue to $960 million–$1.01 billion.
7 May 2026
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Whirlpool Stock Crashes 20% After Iran War Warning, Dividend Halt and Appliance Price Hikes

Whirlpool Stock Crashes 20% After Iran War Warning, Dividend Halt and Appliance Price Hikes

Whirlpool shares fell about 20% in early trading Thursday after the company cut its 2026 profit outlook, suspended its dividend, and blamed the Iran war for a steep drop in U.S. demand. First-quarter net sales dropped 9.6% to $3.27 billion, with a net loss of $85 million. Whirlpool announced price increases of over 10% in April and 4% in July. North American appliance revenue fell 7.5%, while EBIT plunged 96%.
7 May 2026
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GM Recall Alert: 40,440 Brake-Fluid Units Flagged Over Sediment Risk

GM Recall Alert: 40,440 Brake-Fluid Units Flagged Over Sediment Risk

Charleston and Dominion Energy began cutting nearly 200 palmetto trees near power lines in the Eastside neighborhood, pledging to plant five new trees for each one removed. The work comes during South Carolina’s Hurricane Preparedness Month, as utilities rush to clear vegetation before hurricane season starts June 1. City officials say the trees cannot be pruned once they reach utility clearance zones.
7 May 2026
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Micron Stock Gets $740 AI Call as Mizuho Lifts Western Digital, SanDisk Bets

Micron Stock Gets $740 AI Call as Mizuho Lifts Western Digital, SanDisk Bets

Mizuho Securities raised price targets for Micron Technology to $740 and Western Digital to $550, citing surging AI-driven memory demand. Micron shares rose 4.2% premarket to $666.59, Western Digital gained 3.8% to $483.15. Analyst Vijay Rakesh projected Micron HBM revenue to reach $35.7 billion by 2028. Micron began shipping a 245-terabyte SSD for AI and cloud workloads.
7 May 2026
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Fortinet Stock Surges 12% as Q1 Beat and 2026 Guidance Put AI Security Demand Back in Focus

Fortinet Stock Surges 12% as Q1 Beat and 2026 Guidance Put AI Security Demand Back in Focus

Fortinet shares jumped 12.3% premarket after first-quarter earnings and revenue beat estimates, with adjusted EPS at 82 cents on $1.85 billion revenue. Billings rose 31% to $2.09 billion, and product revenue climbed 41% to $645 million. The company raised its 2026 outlook, now guiding for up to $7.87 billion in annual revenue. CEO Ken Xie cited strong demand and AI-driven security threats.
7 May 2026
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DoorDash’s $100 Million Gas Bill Shows the Price of Keeping Drivers on the Road

DoorDash’s $100 Million Gas Bill Shows the Price of Keeping Drivers on the Road

DoorDash will spend about $100 million on gas relief for drivers in the first half of 2026 as U.S. fuel prices climb, with $50 million booked in Q1 and over $50 million expected in Q2. Shares rose 11% in premarket trading after the company forecast higher second-quarter order value. First-quarter orders rose 27% to 933 million, but revenue missed analyst estimates. CFO Ravi Inukonda said some investments were delayed to fund the program.
7 May 2026
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Stock Market Today

  • LendingClub Q1 EPS Soars 342% Amid Rebrand and Growth Plans - Valuation Gap Examined
    June 12, 2026, 6:49 PM EDT. LendingClub (LC) reported Q1 2026 earnings per share (EPS) of $0.44, a 31% year-over-year rise in loan originations, and net income surged 342%, propelling a 30.8% share price gain over the past quarter. The company plans to rebrand as Happen Bank and expand into home improvement financing. Trading at $18.05, LendingClub appears 19.8% undervalued against a fair value of $22.50 based on analyst forecasts. The hybrid digital marketplace and bank model drives growth via high-margin marketplace loans and recurring interest income. Yet, risks remain from heavy personal loan reliance, competition, credit trends, and possible regulation. Investors should weigh growth potential against execution risks amid mixed revenue and profitability outlooks.

Latest articles

Nokia Oyj Gains 10% After JPMorgan’s AI Move

Nokia Oyj Gains 10% After JPMorgan’s AI Move

13 June 2026
Nokia soared 10.06% to €12.97 after JPMorgan raised its price target to €18, citing AI and cloud growth, making it the top OMX Helsinki 25 performer; the next key catalyst is Nokia’s Q2 and half-year report on July 23, with analysts divided as the average target remains below the current price despite bullish forecasts.
Children’s Place Falls After Q1 Loss Grows

Children’s Place Falls After Q1 Loss Grows

13 June 2026
The Children’s Place reported Q1 net sales down 11.1% to $215.2 million and a wider net loss of $53.2 million, while PLCE stock closed at $3.48, down 3.06%, as investors await signs that back-to-school demand, tariff refunds, and cost cuts can stabilize margins and cash flow amid ongoing cash burn and sales declines.
Intel Shares Face Early Test After Google-Driven Spike

Intel Stock Surges Again as AI Foundry Hopes Challenge Valuation Fears

13 June 2026
Intel surged 6.5% to $124.57 after Bank of America upgraded the stock to Buy and raised its price target to $135, citing confidence in Intel’s ability to win manufacturing customers and benefit from AI server demand, while investors await Q2 guidance and confirmation of reported foundry orders from Google.
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