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Technology 29 May 2026

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 Gains as AI Memory Rally Meets Fresh Samsung Challenge

Micron Gains as AI Memory Rally Meets Fresh Samsung Challenge

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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SentinelOne Drops Premarket as AI Job Cuts Hit

SentinelOne Drops Premarket as AI Job Cuts Hit

SentinelOne shares fell nearly 20% premarket Friday after the company issued second-quarter revenue guidance below analyst estimates and announced plans to cut about 8% of its workforce. First-quarter revenue rose 21% to $277 million, missing expectations by $0.6 million. The company expects a $25 million restructuring charge, mostly for severance and stock compensation. Investors focused on weaker guidance despite a first-quarter earnings beat.
29 May 2026
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PRF Technologies Shares Surge in Early Trade on DeepSolar Speculation

PRF Technologies Shares Surge in Early Trade on DeepSolar Speculation

PRF Technologies shares surged 235% to $4.59 in premarket U.S. trading Friday after the company announced progress toward a commercial launch of its DeepSolar Predict AI platform for renewable-energy operators. PRFX closed Thursday at $1.37 with a market cap near $1.2 million. The company remains thinly capitalized, with recent SEC filings warning of potential dilution. PRF is also developing PRF-110, a non-opioid pain drug.
29 May 2026
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HPE shares jump ahead of earnings after Dell’s AI server surge

HPE shares jump ahead of earnings after Dell’s AI server surge

Hewlett Packard Enterprise shares surged 23.5% premarket Friday after Dell raised its annual AI-server revenue outlook, citing strong demand for Nvidia-powered systems. HPE will report fiscal second-quarter results after the close on June 1. Investors are watching for signs HPE can match Dell’s order flow while maintaining margins in its Cloud & AI and networking units. Super Micro Computer shares also rose 10.7% premarket.
29 May 2026
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Archer Aviation Shares Edge in Premarket as Cash Concerns Weigh on Air-Taxi Plans

Archer Aviation Shares Edge in Premarket as Cash Concerns Weigh on Air-Taxi Plans

Archer Aviation traded at $6.80 premarket Friday, nearly unchanged from Thursday’s $6.81 close after a 3.97% session gain. The company posted a first-quarter net loss of $217.7 million on $1.6 million revenue. Archer said it completed Phase 3 of FAA type certification and expects to begin U.S. operations this year. Other electric-aircraft stocks also rose in early trading.
29 May 2026
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Oracle Shares Rebound, Eyes on AI Cloud Performance

Oracle Shares Rebound, Eyes on AI Cloud Performance

Oracle shares surged 6.6% Thursday to $203.64, up 26% for May but still far below last year’s high. The company reported fiscal Q3 revenue of $17.2 billion, with cloud revenue up 44% to $8.9 billion and a backlog of $553 billion. Capital spending jumped to $39.2 billion for the first nine months of fiscal 2026, pushing free cash flow to negative $24.7 billion.
29 May 2026
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Intel draws $150 target in AI drive, Wall Street says

Intel Shares Hold After AI Surge, Arc Chip Plays Developing

Intel shares closed at $120.89 Thursday, down 0.72%, after the company launched its Arc G-Series chips for handheld gaming PCs. Acer unveiled its Predator Atlas 8 using the new chips, with shipments from Acer, MSI, and OneXPlayer set for June. Intel’s stock remains near its May 11 high of $132.75, driven by strong data center CPU demand and recent AI orders. First-quarter revenue rose 7% to $13.6 billion.
29 May 2026
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Super Micro Computer Launches Edge AI Servers as SMCI Faces Margin and Compliance Test

Super Micro extends rally, compliance risk remains in focus

Super Micro Computer shares rose 8.1% to $41.30 Thursday after the company reported working with Taiwanese authorities to stop illegal server exports to China, resulting in three arrests and 50 servers seized. Super Micro’s market cap reached $28.6 billion. Dell raised its full-year outlook on strong AI server demand. Nvidia’s data-center revenue hit a record $75.2 billion, boosting related stocks.
29 May 2026
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Nokia’s AI Rally Hits a Wall as Shares Slide Again in Helsinki

Nokia’s AI Rally Hits a Wall as Shares Slide Again in Helsinki

Nokia shares fell 2.74% to 12.96 euros in Helsinki by late Friday morning, underperforming the OMX Helsinki 25 index. The drop followed two weak U.S. sessions for Nokia’s American depositary receipts, which slid over 7% across Wednesday and Thursday. Investors trimmed positions after a sharp AI-driven rally. Nokia recently raised its 2026 Network Infrastructure sales growth forecast to 12%-14%.
29 May 2026
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Ondas Shares Jump on Drone Funding Talks and New Filings

Ondas Shares Jump on Drone Funding Talks and New Filings

Ondas shares closed at $13.25 after a surge in drone and defense-tech stocks Thursday, following reports of possible U.S. government funding for the sector. The company registered 2.7 million shares for resale tied to its $196.6 million Omnisys acquisition. First-quarter revenue rose to $50.1 million, up tenfold from a year earlier. Shareholders approved an increase in the stock incentive plan to 81 million shares.
29 May 2026
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Netflix Faces Quick Test Beyond Subscriber Counts

Netflix Shares Miss Out on Nasdaq Record; Focus Shifts to Ads

Netflix shares fell 1.2% to $86.36 late Thursday, missing out as the Nasdaq and S&P 500 closed at record highs after news of a U.S.-Iran ceasefire extension. Paramount Skydance’s $110 billion deal for Warner Bros. Discovery is likely to win U.S. antitrust approval, after Netflix exited the bidding. Netflix’s Q1 revenue rose 16% to $12.25 billion, with ad revenue expected to double this year.
29 May 2026
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Stock Market Today

  • Cerebras Shares Down 22% Since IPO Pop: Is It Time to Buy?
    May 29, 2026, 12:33 PM EDT. Shares of AI chipmaker Cerebras have dropped over 22% since their initial 68% surge on IPO debut. Cerebras distinguishes itself with wafer-scale engine technology, integrating multiple cores and memory on a single 12-inch silicon wafer to speed AI data processing. Despite scaling concerns for larger AI models, Cerebras demonstrated significant speed advantages with its trillion-parameter Kimi K2.6 model. Major partnerships, including a $20 billion capacity deal with OpenAI and collaboration with Amazon Web Services, highlight strong future revenue potential. Investors face a decision amid recent declines and promising contracts, weighing near-term volatility against long-term growth prospects.

Latest articles

Rocket Lab Surge Pauses as Space IPO Momentum Faces Wall

Rocket Lab Surge Pauses as Space IPO Momentum Faces Wall

29 May 2026
Rocket Lab shares fell 6.5% to $138.37 by midday Friday, erasing part of this week’s rally. The drop followed a failed Blue Origin rocket test and reports SpaceX may target a lower IPO valuation. Rocket Lab cleared a key Space Development Agency review for its $816 million missile-warning satellite contract. The company also completed its acquisition of Motiv Space Systems.
CrowdStrike Moves Early in AI Trade Ahead of Earnings

CrowdStrike Moves Early in AI Trade Ahead of Earnings

29 May 2026
CrowdStrike shares climbed 6.5% midday Friday to about $714.55, tracking gains across cybersecurity after Snowflake raised its revenue outlook and signed a $6 billion AWS deal. CrowdStrike is set to report fiscal Q1 2027 results after markets close June 3. The company’s stock is up 47.6% for the year. Analysts at Benchmark, Wedbush, and BTIG raised price targets this week.
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

29 May 2026
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.
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