Today: 24 May 2026
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Technology 23 May 2026 - 24 May 2026

Qualcomm Shares Surge 13% After Stellantis Deal Announced

Qualcomm gains after Stellantis AI deal while holiday rally sets up next week’s test

Qualcomm shares jumped 11.6% Friday to $238.16, capping an 18.2% weekly gain after Stellantis announced an expanded deal to use Qualcomm’s Snapdragon Digital Chassis in vehicles. Trading volume hit 30.38 million shares. U.S. markets will close Monday for Memorial Day. Qualcomm’s latest quarter showed handset revenue down 13%, but automotive revenue up 38% to $1.33 billion.
24 May 2026
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Micron Shares Swing, Investors Eye AI-Memory Challenge Next Week

Micron Shares Swing, Investors Eye AI-Memory Challenge Next Week

Micron shares closed Friday at $751.00, down 1.46% but up 3.6% for the week, ahead of a Memorial Day market closure. The company announced the start of 1-alpha DRAM production at its Manassas, Virginia, facility, part of a $2 billion expansion. Samsung workers in South Korea are voting on a pay deal that could affect memory supply. Micron reported strong quarterly results and raised its revenue outlook.
24 May 2026
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IREN Stock Pauses as Nvidia Rally Cools Before Holiday

IREN Heads Into Holiday Week With Russell 3000 Addition, Nvidia Tie-Up, $3 Billion Backing

IREN closed Friday at $56.83, down 2.1% for the day but up 7.3% from the previous week, after FTSE Russell’s preliminary list showed it as a planned addition to the Russell 3000 Index. Nasdaq will be closed Monday for Memorial Day, with trading resuming Tuesday. IREN’s week saw heavy trading and sharp swings following news of a $3.4 billion AI cloud contract with Nvidia.
24 May 2026
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BlackBerry Rallies 19%; Quiet Holiday Week Could Test QNX Momentum

BlackBerry Rallies 19%; Quiet Holiday Week Could Test QNX Momentum

BlackBerry’s U.S. shares surged 18.95% to $7.91 on Friday, with Toronto shares up 18.52% to C$10.88, as trading volume topped 57 million. The jump followed news that BlackBerry’s AtHoc platform secured 2026 FedRAMP High re-certification and QNX is set to appear at the Robotics Summit in Boston. Fourth-quarter revenue rose 10% to $156 million, with QNX posting record sales.
24 May 2026
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Ondas Shares Look to Tuesday After AI Defense Contract and Share Resale Filings

Ondas Shares Look to Tuesday After AI Defense Contract and Share Resale Filings

Ondas Inc. closed a $196.6 million all-stock acquisition of Israel’s Omnisys, registering shares for resale tied to recent deals. Ondas shares fell 1.31% to $9.06 Friday, underperforming the Nasdaq Composite ahead of the Memorial Day market closure. A May 21 filing detailed Omnisys sellers face a daily cap on share sales. Omnisys, with 185 employees, is expected to add over $100 million in revenue across 2026 and 2027.
24 May 2026
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D-Wave’s $100 Million Move Follows Holiday Stock Pop

D-Wave’s $100 Million Move Follows Holiday Stock Pop

D-Wave Quantum shares surged 44.5% for the week, closing at $29.40 Friday, after the U.S. Commerce Department named it for $100 million in planned CHIPS Act funding. The company reported Q1 revenue of $2.9 million, down 81% year-over-year, and a net loss of $18.4 million. No U.S. trading will occur Monday due to Memorial Day. D-Wave plans to issue $100 million in stock to the government if the award is finalized.
24 May 2026
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Rigetti Stock’s $100 Million Weekend Question: Can RGTI Hold Its Quantum Rally?

Rigetti Stock’s $100 Million Weekend Question: Can RGTI Hold Its Quantum Rally?

Rigetti Computing shares surged 19.87% Friday to $26.42, up 48% for the week, after signing a letter of intent with the U.S. Commerce Department for up to $100 million in quantum research funding. The move followed news that Washington will invest $2 billion in nine quantum firms, including Rigetti. The company reported a Q1 operating loss of $26 million on $4.4 million revenue. The Commerce deal remains subject to final agreements.
24 May 2026
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Investors Eye May 16 After Turbulent Week for Planet Labs

Planet Labs Stock Climbs Ahead of Holiday Weekend with June Earnings in Sight

Planet Labs shares closed at $44.35 on Friday, up 4.3%, and gained 6.6% for the week ahead of the Memorial Day market holiday. The company will report fiscal first-quarter results after the June 4 close. Planet recently released images from new Pelican satellites and signed contracts in Sweden, the Czech Republic, and Greece. The NYSE will reopen Tuesday.
24 May 2026
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Coherent Shares Trade Close to $378, With Next Test Set for Tuesday After Volatile AI-Optics Week

Coherent Shares Trade Close to $378, With Next Test Set for Tuesday After Volatile AI-Optics Week

Coherent Corp. shares closed at $377.57 Friday, down 0.1% for the day and 1.3% below last week, underperforming the S&P 500 and Nasdaq ahead of the Memorial Day market closure. The company reported fiscal Q3 revenue of $1.81 billion, up 21% year-over-year, with strong demand in datacenter and communications. Nvidia invested $2 billion in March and signed a multi-year optics agreement. Coherent trades at 179 times trailing earnings.
23 May 2026
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Intuit Slashes 3,000 Jobs as TurboTax Faces New AI Threats

Intuit Slashes 3,000 Jobs as TurboTax Faces New AI Threats

Intuit will cut about 3,000 jobs, or 17% of its workforce, and close offices in Reno and Woodland Hills as it restructures to focus on artificial intelligence. The company expects $300 million to $340 million in charges, mostly in the fiscal fourth quarter. Intuit raised full-year revenue guidance but lowered its TurboTax outlook, citing pressure from low-cost AI tools. Shares last traded at $319.94 after a volatile week.
23 May 2026
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Velo3D Jumps Back Into Focus for Traders Before Memorial Day

Velo3D Jumps Back Into Focus for Traders Before Memorial Day

Velo3D shares surged 13.4% to $23.06 Friday, then gained another 3.2% after hours, nearing a 52-week high ahead of the Memorial Day market closure. The rally followed reports linking the metal 3D-printing firm to SpaceX’s IPO plans and recent strong earnings. Weekly gains totaled 24%. Trading volume on Friday reached about 4.75 million shares, above recent averages.
23 May 2026
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Harmonic Shares Jump, Eyes on Video Unit Sale

Harmonic Shares Jump, Eyes on Video Unit Sale

Harmonic Inc. shares jumped 19.7% Friday to $15.20, capping a 21% weekly gain on heavy volume after the company raised its 2026 broadband revenue outlook to $475 million–$495 million. First-quarter broadband revenue rose 43% to $121.7 million, with backlog and deferred revenue up 87%. Nasdaq will be closed Monday for Memorial Day; trading resumes Tuesday.
23 May 2026
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Skyworks Shares Pop 12% Ahead of Holiday as Qorvo Deal Draws Attention

Skyworks Shares Pop 12% Ahead of Holiday as Qorvo Deal Draws Attention

Skyworks Solutions shares surged 12.08% to $82.42 Friday, capping a volatile week ahead of a three-day market pause. The move followed a new debt exchange offer tied to its pending Qorvo merger and updated SEC filings with combined financials. Qorvo rose 8.9%, Qualcomm 11.6%. Skyworks warned the Qorvo deal could be delayed or fail if closing conditions are not met.
23 May 2026
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Dell Hits All-Time High, Faces Next Hurdle

Dell Hits All-Time High, Faces Next Hurdle

Dell shares surged 16.77% to a record $295.19 on Friday after analyst upgrades and investor bets on AI server demand. The stock will not trade again until Tuesday due to the Memorial Day holiday. Dell reports fiscal first-quarter results May 28. CEO Michael Dell highlighted over 5,000 customers using its AI Factory with Nvidia at the company’s annual event.
23 May 2026
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Stock Market Today

  • Ethereum Foundation to Reduce ETH Sales and Shrink Amid Researcher Departure, Says Vitalik Buterin
    May 24, 2026, 4:46 PM EDT. Ethereum Foundation co-founder Vitalik Buterin announced a strategic shift to a smaller organizational scope, prioritizing longevity over breadth. The foundation plans to sell less ETH, the cryptocurrency native to the Ethereum blockchain, focusing exclusively on Ethereum's core CROPS properties-a set of key blockchain features. This move comes amid a wave of researchers leaving the foundation, signaling a leaner operational approach. Buterin's comments suggest a tightening of resources and emphasis on sustaining Ethereum's foundational technology rather than expansive growth.

Latest articles

Amazon Heads Into Holiday Week With Index Question Hanging

Amazon Heads Into Holiday Week With Index Question Hanging

24 May 2026
Amazon shares closed Friday at $266.32, down 0.8% for the day but up 0.8% for the week. U.S. markets are closed Monday for Memorial Day, with trading set to resume Tuesday. Investors are watching possible index changes after FTSE Russell began its annual reconstitution, which could shift Amazon’s classification and trigger fund moves.
Palantir Friday Close Ends Week of AI Stock Swings

Palantir Friday Close Ends Week of AI Stock Swings

24 May 2026
Palantir shares closed Friday at $136.88, down 0.39% but up 2.16% for the week, ahead of a holiday-shortened U.S. trading week. The company raised its 2026 revenue forecast after reporting 85% first-quarter revenue growth. A Dell-Nvidia AI partnership was announced, while London’s mayor blocked a £50 million police contract with Palantir.
NuScale Power Stock Rallies, But Citi’s $7 Call Puts the SMR Story on the Clock

NuScale Power Stock on Watch in Holiday Week After BofA Sets $12 Price Target

24 May 2026
Bank of America resumed coverage of NuScale Power at Neutral with a $12 price target, citing slow customer deal progress and high cash burn. NuScale shares closed at $11.40 Friday after a volatile week, ahead of a Memorial Day market holiday. The company posted a $46.7 million net loss for Q1 and faces a securities class action. Competitors Oklo and X-Energy have drawn favorable comparisons and investor interest.
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