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Stock Market 5 May 2026

Lumentum Stock Is Up 1,400%: Wall Street Just Raised the AI Bet Before Earnings

Lumentum Stock Is Up 1,400%: Wall Street Just Raised the AI Bet Before Earnings

Lumentum shares traded near $1,016 Tuesday, up 4%, after Stifel and Loop Capital raised price targets to $1,100 and $1,400 ahead of the company’s fiscal Q3 report. The stock has surged 1,444% over the past year. Lumentum previously guided for Q3 revenue of $780 million to $830 million and adjusted earnings of $2.15 to $2.35 a share. Results are due after the market close.
5 May 2026
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POET Technologies Stock Jumps 30% as Marvell Order Fallout Becomes a Legal Test

POET Technologies Stock Jumps 30% as Marvell Order Fallout Becomes a Legal Test

POET Technologies shares surged 30% to $9.25 in heavy Nasdaq trading Tuesday after a securities class action was filed over the company’s disclosure of canceled Marvell-linked orders. The lawsuit, filed in New Jersey federal court, names POET, CEO Suresh Venkatesan, and CFO Thomas Mika as defendants. POET said Marvell canceled all Celestial AI purchase orders on April 23, citing confidentiality breaches.
5 May 2026
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DigitalOcean Stock Jumps 36% After AI Cloud Growth Sends 2026 Guidance Higher

DigitalOcean Stock Jumps 36% After AI Cloud Growth Sends 2026 Guidance Higher

DigitalOcean shares surged 36% Tuesday after the company raised its 2026 and 2027 revenue forecasts, citing higher demand for AI workloads and larger contracts. First-quarter revenue climbed 22% to $258 million, while net income dropped 59% to $16 million. The company increased its credit facility by $112.5 million and completed an $888 million share offering, using $500 million to repay debt.
5 May 2026
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Digi Power X Stock Jumps as $1.1 Billion Cerebras Deal Puts Alabama AI Campus in Play

Digi Power X Stock Jumps as $1.1 Billion Cerebras Deal Puts Alabama AI Campus in Play

Digi Power X signed a 10-year, $1.1 billion agreement with Cerebras Systems to host a 40-megawatt AI data center campus in Columbiana, Alabama. The deal could reach $2.5 billion with renewals. Digi Power X shares jumped about 30% to $5.145 in late-morning trading. Construction on the first phase is set to begin immediately, with initial service targeted for December 2026.
5 May 2026
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Sandisk Stock Keeps Surging on the AI Storage Boom — But the Earnings Call Flashed a Warning

Sandisk Stock Keeps Surging on the AI Storage Boom — But the Earnings Call Flashed a Warning

Sandisk shares rose 9.3% to $1,372.33 Tuesday after reporting fiscal Q3 revenue of $5.95 billion, up 251% year-over-year, and GAAP net income of $3.62 billion. The company signed five long-term supply deals worth over $11 billion, now covering more than a third of projected 2027 memory sales. Data-center revenue jumped 233% sequentially to $1.47 billion.
5 May 2026
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Nasdaq Rally Gets Its AI Spark Back as Intel, Micron, Alphabet and SanDisk Jump

Nasdaq Rally Gets Its AI Spark Back as Intel, Micron, Alphabet and SanDisk Jump

The Nasdaq rose 0.83% Tuesday morning as chip and tech shares rallied, with Intel jumping 14.4% after reports of Apple talks. SanDisk reported a 251% revenue surge and forecast strong fourth-quarter sales, citing datacenter demand. Oil prices fell, easing pressure on rate-sensitive tech stocks. April gains set records, with the S&P 500 up 10.4% and the SOX index up 38.4%.
5 May 2026
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Netflix’s $25 Billion Buyback Looks Big. Microsoft’s $190 Billion AI Capex Bill Looks Bigger

Netflix’s $25 Billion Buyback Looks Big. Microsoft’s $190 Billion AI Capex Bill Looks Bigger

Netflix’s board approved an extra $25 billion in share buybacks after the company ended talks to buy Warner Bros Discovery assets and received a $2.8 billion breakup fee. On Tuesday, Netflix shares fell 2.3% to $88.89, while Microsoft dropped 0.8% and PulteGroup rose 2.6%. Microsoft plans $190 billion in AI and cloud spending this year. PulteGroup and Mobileye also expanded buybacks following stock declines.
5 May 2026
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SMH ETF Nears Record As AI Chip Boom Raises One Big Valuation Question

SMH ETF Nears Record As AI Chip Boom Raises One Big Valuation Question

VanEck Semiconductor ETF (SMH) traded at $520.28 late Tuesday morning, near a record high, up $13.49 from its previous close. The fund’s net asset value rose 40.69% this year and 140.37% over one year through May 4, with total assets at $59.12 billion. Intel, a major SMH holding, jumped $13.72 to $109.50 after reports of talks with Apple. TSMC reported Q1 revenue up 40.6% year-over-year to $35.90 billion.
5 May 2026
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Take-Two’s GTA 6 Bet Is Getting Bigger as Wall Street Tests the $80 Question

Take-Two’s GTA 6 Bet Is Getting Bigger as Wall Street Tests the $80 Question

Take-Two Interactive shares fell about 1% Tuesday after speculation over Grand Theft Auto VI’s possible $80 launch price. Rockstar lists the game for Nov. 19, 2026, on PlayStation 5 and Xbox Series X|S, with no PC version announced. CEO Strauss Zelnick called expectations “exciting and terrifying,” and said AI has not yet reduced development costs. Take-Two reports fiscal results May 21.
5 May 2026
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Xanadu Quantum Technologies Limited Stock Faces a 294 Million-Share Test as EV Group Deal Lands

Xanadu Quantum Technologies Limited Stock Faces a 294 Million-Share Test as EV Group Deal Lands

Xanadu Quantum Technologies and EV Group announced a partnership to scale manufacturing of photonic quantum chips, a day after Xanadu shares fell 60% following the registration of nearly 294 million shares for resale. Xanadu will not receive proceeds from these sales. The company’s first quarterly report as a public firm is due May 14. Shares last traded at $13.90, down 0.6% on Tuesday.
5 May 2026
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SoundHound AI (SOUN) Stock Slides as OASYS Launch Puts Q1 Earnings in Focus

SoundHound AI (SOUN) Stock Slides as OASYS Launch Puts Q1 Earnings in Focus

SoundHound AI shares fell 4.3% to $9.06 on Tuesday after launching its OASYS self-learning AI system ahead of Thursday’s earnings report. The company is expected to post a first-quarter loss of 5 cents per share on $42.7 million in revenue, with options traders bracing for an 18% swing after results. SoundHound’s market value stands at about $3.73 billion. The stock has gained over 40% in the past month but remains slightly down for the year.
5 May 2026
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Figma Stock Faces a Crucial AI Test as Earnings Loom

Figma Stock Faces a Crucial AI Test as Earnings Loom

Figma shares traded near $20 early Tuesday, down sharply from a 52-week high of $142.92, as investors awaited first-quarter results due May 14. The company forecast Q1 revenue of $315–$317 million, up 38% year-over-year, with AI features under scrutiny for their impact on growth and costs. Analyst price targets have dropped, with consensus at “Hold.” Competitors include Adobe and Google’s new Stitch tool.
5 May 2026
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Pinterest Stock Jumps After AI Ad Tools Lift Revenue Forecast Above Wall Street

Pinterest Stock Jumps After AI Ad Tools Lift Revenue Forecast Above Wall Street

Pinterest forecast second-quarter revenue of $1.133 billion to $1.153 billion, above analyst expectations, sending shares up 15% in after-hours trading. First-quarter revenue rose 18% to $1.008 billion, with global monthly active users reaching a record 631 million. The company reported a net loss of $74 million and adjusted EBITDA of $207 million for the quarter.
5 May 2026
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Duolingo Stock Drop Shows Why Investors Are Questioning Its AI Learning Bet

Duolingo Stock Drop Shows Why Investors Are Questioning Its AI Learning Bet

Duolingo shares dropped over 12% in premarket trading Tuesday after the company forecast slower bookings and lower margins for the year, despite beating first-quarter estimates. Revenue rose 27% to $292 million, daily active users hit 56.5 million, and net income reached $43.5 million. Management said returns on new AI features may not appear until 2027 or later.
5 May 2026
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UPS Stock Hit as Amazon Opens Logistics Network in Direct Challenge to Parcel Giant

UPS Stock Hit as Amazon Opens Logistics Network in Direct Challenge to Parcel Giant

UPS shares fell 10.5% to $96.31 after Amazon opened its logistics network to outside businesses, intensifying competition in parcel delivery and freight. FedEx shares dropped 9.1%. Amazon’s new service already counts Procter & Gamble and 3M as users. UPS is cutting Amazon-related volume and shifting focus to higher-margin business shipments.
5 May 2026
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Harley-Davidson’s $6,000 Bike Gamble: New CEO Turns to Affordable Motorcycles as Profit Falls 81%

Harley-Davidson’s $6,000 Bike Gamble: New CEO Turns to Affordable Motorcycles as Profit Falls 81%

Harley-Davidson’s first-quarter net income plunged 81% to $25 million as revenue fell 12%. The company announced a new strategy centered on lower-priced bikes, including a $6,000 Sprint model and a revived Sportster, aiming to attract younger riders. Global retail motorcycle sales rose 8% despite the profit drop. CEO Artie Starrs said the plan will lean on dealers and cost cuts.
5 May 2026
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Shopify Stock Slides After $100 Billion GMV Quarter — Why Investors Still Wanted More

Shopify Stock Slides After $100 Billion GMV Quarter — Why Investors Still Wanted More

Shopify shares fell nearly 7% in premarket trading Tuesday after second-quarter guidance matched analyst expectations. First-quarter revenue rose 34% to $3.17 billion, with gross merchandise volume hitting $100.74 billion. Operating income reached $382 million, below the $420 million analysts expected. The company posted a net loss of $581 million, narrowed from $682 million a year earlier.
5 May 2026
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Stock Market Today

  • Array Technologies (ARRY) Stock Analysis: Is Recent Decline a Buying Opportunity?
    June 12, 2026, 11:56 PM EDT. Array Technologies (ARRY) shares have slid nearly 20% year to date amid sector-wide reevaluation of renewable energy infrastructure stocks. The stock trades around $7.77, close to its estimated intrinsic value of $7.69 based on a Discounted Cash Flow (DCF) model, signaling a fair valuation. Despite recent negative returns-down 4% last week and over 11% in the past month-analysts highlight the stock's potential stability with projected free cash flow growth by 2030. Investors are advised to watch for changes as risk and return metrics evolve within the capital goods sector. ARRy is currently rated 3 out of 6 on valuation metrics, reflecting mixed signals amid a broader sector reset.

Latest articles

SGH Limited Holds Back as ASX 200 Pushes Higher Before FY26 Results

SGH Limited Holds Back as ASX 200 Pushes Higher Before FY26 Results

13 June 2026
SGH closed at A$41.51, up 0.70% but underperformed the S&P/ASX 200’s 1.98% surge, as investors weighed solid cash flow and Boral margin gains against a high 36.03 P/E, mixed demand, and M&A risk; the next key catalyst is FY26 results on August 11, with analysts’ average target at A$47.64, 14.76% above Friday’s close.
NCR Voyix Rallies 10% After Investors Shift on Turnaround Bets

NCR Voyix Rallies 10% After Investors Shift on Turnaround Bets

13 June 2026
NCR Voyix soared 10.25% to $7.85, far outpacing the market, as investors focus on the company’s 2026 cash-flow and earnings targets; the next key catalyst is the Q2 2026 earnings update, with stock valuation appearing low if management delivers on margin and cash-flow goals, but risks remain with declining reported revenue and high debt.
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