Today: 30 May 2026
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Technology 29 May 2026 - 30 May 2026

Ford gets fresh boost as power-grid trade heats up

Ford gets fresh boost as power-grid trade heats up

Ford shares jumped 4.74% to close at $17.44 Friday, hitting a 52-week high of $17.78, with over 154 million shares traded. BofA Securities raised its price target to $20, citing Ford’s push into battery energy storage. Ford Energy signed a five-year deal with EDF to supply up to 20 GWh of storage systems starting in 2028. New U.S.-Mexico trade talks and stricter USMCA rules emerged as risks.
30 May 2026
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Virgin Galactic Shares Jump 36% With Traders Eyeing Test Flight

Virgin Galactic Shares Jump 36% With Traders Eyeing Test Flight

Virgin Galactic shares surged 36.42% to $6.18 on record volume after announcing VSS Unity glide flights in New Mexico. The company raised $11 million this quarter through an at-the-market share sale and reported $251 million in cash at March 31. A federal court gave initial approval to settle shareholder lawsuits for $2.75 million. Virgin Galactic plans new spaceship tests in Q3 and a research flight in 2027.
30 May 2026
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Ondas Wins $110 Million Order, but Share Overhang Lingers

Ondas Wins $110 Million Order, but Share Overhang Lingers

Ondas Inc. reported over $30 million in new orders for May, raising its Q2 total above $110 million. Shares closed after-hours near $13.22 after trading between $11.62 and $13.48 on volume of 141.9 million. New filings showed increased share activity tied to acquisitions and incentive plans. Shareholders approved raising authorized shares to 1.2 billion and expanded the stock incentive plan.
30 May 2026
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Amazon Drops With S&P 500 at Record as $6 Billion AWS Deal Draws Focus

Amazon Drops With S&P 500 at Record as $6 Billion AWS Deal Draws Focus

Amazon.com fell 1.2% to $270.64 late Friday, missing Wall Street’s record highs despite a new AWS deal with Snowflake. Snowflake shares soared over 33% after announcing a $6 billion, five-year agreement with AWS and raising its revenue outlook. Amazon’s market cap stood near $2.94 trillion, while Microsoft gained 5.4% and Alphabet dropped 2.5%. Amazon’s free cash flow slipped to $1.2 billion after heavy AI-related spending.
29 May 2026
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Palo Alto Networks Reaches All-Time High Ahead of Results as AI Security Rally Drives Wall Street

Palo Alto Networks Reaches All-Time High Ahead of Results as AI Security Rally Drives Wall Street

Palo Alto Networks shares surged 9.3% to a record $281.69 Friday, with trading volume doubling ahead of third-quarter earnings set for June 2. The company closed its Portkey acquisition and joined a new NATO cyber partnership this week. Several analysts raised their price targets, citing AI-linked growth and strong subscription revenue. Other cybersecurity stocks also rallied, including CrowdStrike and Fortinet.
29 May 2026
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POET Technologies Tumbles Again as $400 Million AI Optics Push Hits Another Setback

POET Technologies Tumbles Again as $400 Million AI Optics Push Hits Another Setback

POET Technologies shares fell 7.3% Friday, closing at $12.29 on Nasdaq and slipping further after hours. The drop follows a $400 million direct offering earlier this month, with shares now down 41% from the $21 deal price. Q1 revenue was $503,389 against a $12.3 million net loss. Legal action continues after Marvell canceled Celestial AI-related orders, citing confidentiality issues.
29 May 2026
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Snap Slides, With Key Challenge Ahead for Comeback

Snap Slides, With Key Challenge Ahead for Comeback

Snap Inc. shares fell nearly 2% to $5.80 late Friday, underperforming the broader market as ad growth remained sluggish. First-quarter revenue rose 12% to $1.53 billion, but advertising revenue increased just 3%. Snap reported 483 million daily active users. Trading volume was below average, and the stock stayed well under its 52-week high.
29 May 2026
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Coherent Drops 6.6%, AI Optics Demand Gets Tested

Coherent Drops 6.6%, AI Optics Demand Gets Tested

Coherent Corp. shares fell 6.6% to around $352 on Friday, despite no new company news and a rising broader market. The stock had closed at $376.95 on Thursday and touched $343.51 during the session. Lumentum dropped 2.3%, while Ciena was little changed. Coherent reported Q3 revenue of $1.81 billion, up 21% from last year, and forecasted Q4 revenue of $1.91–$2.05 billion.
29 May 2026
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Rivian shares rise as company announces R2 SUV launch date

Rivian shares rise as company announces R2 SUV launch date

Rivian shares rose 7.6% to $16.36 by midday Friday after the company set June 9 for its first R2 SUV customer event. Trading volume reached 24.3 million shares. Rivian expects to deliver up to 25,000 R2s by year-end and reported $1.381 billion in first-quarter revenue. U.S. regulators opened a preliminary probe into 114,922 R1S and R1T vehicles over a possible suspension defect.
29 May 2026
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Vanguard VGT split points to the AI trade’s top play

Vanguard VGT split points to the AI trade’s top play

Vanguard’s Information Technology ETF (VGT) has nearly doubled the post-split returns of Vanguard’s larger growth funds since April 21. VGT’s top holdings—Nvidia, Apple, and Microsoft—make up over 40% of its portfolio. The ETF traded at $120.68 late Friday morning in New York, outpacing VUG at $89.51 and MGK at $91.16. Investors continue to buy into AI hardware and software plays.
29 May 2026
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IREN Shares Slide, Bringing Dell AI Deal and $4.4 Billion Test Into Focus

IREN Shares Slide, Bringing Dell AI Deal and $4.4 Billion Test Into Focus

IREN Limited shares fell 1.5% to $63.08 Friday, underperforming the Nasdaq-100. The company announced a $1.6 billion deal to buy Nvidia Blackwell systems from Dell, aiming to boost annualized revenue to $4.4 billion, though not all of that is under contract. IREN posted a Q3 net loss of $247.8 million as revenue dropped to $144.8 million. Goldman Sachs raised its price target to $50 but kept a Neutral rating.
29 May 2026
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Micron (MU) stock falls 6% as oil shock rattles tech, even after new 256GB server-memory samples

Micron rises with AI memory but faces new push from Samsung

Micron shares jumped 4.6% to $966.24 Friday morning, lifting its market value above $1.1 trillion. The rally followed analyst price-target hikes and strong demand for high-bandwidth memory used in AI. Samsung shipped samples of its new HBM4E chips, introducing fresh competition in the AI memory market. Micron’s revenue in its latest quarter surged to $23.86 billion from $8.05 billion a year earlier.
29 May 2026
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HP Shares Jump on AI PC Demand, But Costs Are a Drag

HP Shares Jump on AI PC Demand, But Costs Are a Drag

HP shares rose to $26.98 in early New York trading Friday after the company beat quarterly revenue and profit forecasts, with AI PCs making up 44% of shipments last quarter. Fiscal Q2 net revenue climbed 9% to $14.4 billion, driven by a 13% jump in PC business revenue. HP cut its fiscal 2026 adjusted EPS outlook and warned of rising memory-chip costs. The stock outperformed major tech indexes.
29 May 2026
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Okta Shares Climb 20% as Investors Revalue AI Identity Push

Okta Shares Climb 20% as Investors Revalue AI Identity Push

Okta shares jumped nearly 20% Friday after the company beat first-quarter earnings and revenue forecasts, posting adjusted earnings of 91 cents per share on $765 million in revenue. Analysts at RBC, BMO Capital, and Mizuho raised their price targets following the results. Okta’s current remaining performance obligations rose 12%, and free cash flow reached $271 million. The company now projects second-quarter revenue of $790 million to $794 million.
29 May 2026
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Stock Market Today

  • S&P 500 Climbs Ninth Week; Dell Leads Nasdaq to Records Amid US-Iran Ceasefire Hopes
    May 29, 2026, 7:04 PM EDT. The S&P 500 rose 0.2% for its ninth straight week, the longest winning streak since 2023, hitting record highs alongside the Dow Jones and Nasdaq 100. Dell Technologies surged 33% in its best trading day ever, driving gains in tech stocks including Micron and Qualcomm. Market optimism was boosted by positive developments toward a US-Iran ceasefire, lifting investor sentiment. The Dow gained 0.7%, the Nasdaq 0.4%, while small-cap Russell 2000 slipped 0.6%. Oil prices steadied around $92 a barrel, aiding Treasury bonds to their best weekly performance since February. ETFs tracking the S&P 500 (SPY), Dow (DIA), and Nasdaq (QQQ) closed at record levels. Analyst David Nicholas cited Dell as central to the AI infrastructure growth story. Traders monitor inflation trends and Fed policy ahead of the June meeting.

Latest articles

Ford gets fresh boost as power-grid trade heats up

Ford gets fresh boost as power-grid trade heats up

30 May 2026
Ford shares jumped 4.74% to close at $17.44 Friday, hitting a 52-week high of $17.78, with over 154 million shares traded. BofA Securities raised its price target to $20, citing Ford’s push into battery energy storage. Ford Energy signed a five-year deal with EDF to supply up to 20 GWh of storage systems starting in 2028. New U.S.-Mexico trade talks and stricter USMCA rules emerged as risks.
Intel Shares Drop Even as Tech Climbs—AI Trade Not Enough

Intel Shares Drop Even as Tech Climbs—AI Trade Not Enough

30 May 2026
Intel shares fell 5.1% to $114.68 Friday, lagging record highs in major indexes as over 191 million shares traded. Investors shrugged off MediaTek’s public support for Intel’s EMIB packaging tech, focusing instead on valuation concerns after a sharp AI-driven rally. The stock’s drop followed a downgrade from Northland Capital Markets earlier in the week.
Virgin Galactic Shares Jump 36% With Traders Eyeing Test Flight

Virgin Galactic Shares Jump 36% With Traders Eyeing Test Flight

30 May 2026
Virgin Galactic shares surged 36.42% to $6.18 on record volume after announcing VSS Unity glide flights in New Mexico. The company raised $11 million this quarter through an at-the-market share sale and reported $251 million in cash at March 31. A federal court gave initial approval to settle shareholder lawsuits for $2.75 million. Virgin Galactic plans new spaceship tests in Q3 and a research flight in 2027.
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