Today: 13 May 2026
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Technology 12 May 2026 - 13 May 2026

Wolfspeed Stock Jumps 21% as Citrini Research Reprices AI Power-Chip Bet

Wolfspeed Stock Jumps 21% as Citrini Research Reprices AI Power-Chip Bet

Wolfspeed shares surged over 21% to $65.13 Wednesday, with trading volume exceeding 18 million shares and market value reaching $2.55 billion. The rally followed Citrini Research’s endorsement, tying Wolfspeed’s silicon carbide chips to rising AI data-center demand. Wolfspeed reported a $120 million net loss last quarter and expects negative gross margins to continue. Some analysts remain cautious despite the stock’s recent gains.
13 May 2026
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Truckers Face May 14 Deadline As FMCSA’s Motus Registration System Replaces Legacy Tools

Truckers Face May 14 Deadline As FMCSA’s Motus Registration System Replaces Legacy Tools

The Federal Motor Carrier Safety Administration will retire its legacy registration systems at 8 p.m. ET on May 14, with the new Motus: USDOT Registration System set to launch after a brief transition. Registration changes will be unavailable for about four days during data migration. Companies missing the update window may face manual business and identity checks. FMCSA sent 2.2 million deadline notices to registrants.
13 May 2026
AMD’s Quiet Marvell Stake Puts AI Chip Investors on Alert

AMD’s Quiet Marvell Stake Puts AI Chip Investors on Alert

Marvell Technology shares rose nearly 10% Wednesday after a filing showed AMD held 65,516 shares at the end of March, valued at $6.49 million then and about $11.8 million at current prices. The disclosure drew attention as Marvell is a key supplier for AI data-center hardware. The Philadelphia SE Semiconductor index is up 64% since March. Analysts raised Marvell’s price targets, citing AI demand and hyperscaler investment.
13 May 2026
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Nokia Oyj’s AI Turn Gets a New Boss as Shares Rally Again

Nokia Oyj’s AI Turn Gets a New Boss as Shares Rally Again

Nokia appointed Siemens executive Emma Falck to lead its Mobile Infrastructure unit starting Sept. 1 and join its group leadership team. Nokia shares rose 5.5% in Helsinki after first-quarter profit jumped 54% and sales to AI and cloud customers increased 49%. The company also launched new agentic AI tools for broadband networks. Falck previously held senior roles at Siemens, BCG, and KONE.
13 May 2026
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VNET Stock Surges as CATL-Linked Buyers Move for 38% Stake in China AI Data-Center Bet

VNET Stock Surges as CATL-Linked Buyers Move for 38% Stake in China AI Data-Center Bet

PJ Millennium entities, linked to a CATL affiliate, agreed to buy up to 650.4 million VNET Class A shares from SDHG-controlled sellers for $1.4486 each. The deal would give the buyers up to 38.1% of VNET, with closing expected in Q4 2026. VNET’s Nasdaq-listed ADRs jumped over 30% in U.S. trading. The transaction involves existing shares and does not inject new capital into VNET.
13 May 2026
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SoftBank Group Profit Surges on OpenAI Stake as $64 Billion Bet Faces Cash Test

SoftBank Group Profit Surges on OpenAI Stake as $64 Billion Bet Faces Cash Test

SoftBank reported January-March net profit more than tripled to ¥1.83 trillion, driven by gains from its OpenAI stake. Full-year net income rose to ¥5.002 trillion, the highest ever by a Japanese company. SoftBank’s OpenAI investment reached $34.6 billion as of March 31, set to increase to $64.6 billion after planned 2026 tranches. The company drew $20 billion from a $40 billion bridge loan to fund additional OpenAI investments.
13 May 2026
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IREN Stock’s Nvidia Boost Now Faces a $2.6 Billion Reality Check

IREN Stock’s Nvidia Boost Now Faces a $2.6 Billion Reality Check

IREN raised $2.6 billion in an upsized convertible-note sale after announcing a Nvidia-backed AI infrastructure plan. Nvidia secured a five-year option to buy up to 30 million IREN shares at $70 each. The companies aim to deploy up to 5 gigawatts of AI data-center capacity, focusing on IREN’s Texas sites. IREN shares rose 2.6% premarket; Nvidia gained 0.6%.
13 May 2026
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Alibaba’s Earnings Test Is Whether AI Can Pay for the Delivery Fight

Alibaba’s Earnings Test Is Whether AI Can Pay for the Delivery Fight

Alibaba’s U.S. ADRs rose 1.02% to $136.15 in early premarket trading Wednesday, after closing down 1.84% at $134.78 ahead of fiscal fourth-quarter results due before the U.S. open. Revenue is expected to rise to 282.44 billion yuan, but net profit is projected to fall to 11.71 billion yuan. Investors remain cautious as AI and cloud spending weigh on margins.
13 May 2026
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Wolfspeed Stock Rally Tests Whether WOLF’s Balance-Sheet Fix Can Beat Negative Margins

Wolfspeed Stock Rally Tests Whether WOLF’s Balance-Sheet Fix Can Beat Negative Margins

Wolfspeed shares closed Tuesday at $53.72, up 6.8%, then showed a premarket quote of $77.00, a 43% jump, as traders focused on debt reduction and high short interest. Fiscal Q3 revenue fell 19% to $150.2 million, gross margin remained negative, but net loss narrowed and interest expense dropped 39%. Short interest stood at 16.1 million shares, about a third of the float.
13 May 2026
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Ouster Stock Jumps as NVIDIA Tie-Up Tests the Line Between Real Demand and Rich Valuation

Ouster Stock Jumps as NVIDIA Tie-Up Tests the Line Between Real Demand and Rich Valuation

Ouster shares rose 6.1% to $28.75 in early premarket trading after its Rev8 lidar sensors qualified for NVIDIA’s DRIVE Hyperion autonomous-vehicle platform. The company reported first-quarter revenue of $49 million and a net loss of $17.5 million. Investors cited the NVIDIA qualification as a potential new channel, though no purchase order was announced.
13 May 2026
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Nvidia’s Record Run Hinges on China Access and a May 20 Earnings Test

Nvidia’s Record Run Hinges on China Access and a May 20 Earnings Test

Nvidia closed Tuesday at $220.78, near a record, after CEO Jensen Huang joined President Trump’s China trip, fueling speculation about renewed H200 AI-chip sales to Chinese buyers. The stock has surged 12% in five sessions, ahead of next week’s earnings. Wall Street raised price targets as investors watch for signs of a China policy shift before Nvidia’s results.
13 May 2026
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Flashscore Beats Broadcasters in Fastest Sports App Survey Before 2026 World Cup

Flashscore Beats Broadcasters in Fastest Sports App Survey Before 2026 World Cup

Flashscore ranked as the fastest live sports results platform by fans in the UK, Italy, and Brazil, according to commissioned research released Tuesday. The survey, published weeks before the 2026 FIFA World Cup, found 46% of UK, 49% of Italian, and 53% of Brazilian respondents rated Flashscore quickest for updates. Flashscore attributed its speed to a new Prague data centre and distributed cloud setup.
12 May 2026
Apple Holds Up as Hot Inflation Hits Tech, With Investors Paying for iPhone Demand and AI Optionality

Apple Holds Up as Hot Inflation Hits Tech, With Investors Paying for iPhone Demand and AI Optionality

Apple shares rose 0.4% to $293.85 at midday Tuesday, outperforming Microsoft, Alphabet and Nvidia, which traded lower. The stock gained after record March-quarter results, a $100 billion buyback, and anticipation for AI announcements at WWDC. The S&P 500 fell 0.9% and Nasdaq dropped 1.6% as inflation rose 3.8% in April. Apple reported $111.2 billion in quarterly revenue and raised its dividend to $0.27 per share.
12 May 2026
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Energy Vault’s Eskom Gravity Storage Deal Puts South Africa’s Coal Pivot on the Clock

Energy Vault’s Eskom Gravity Storage Deal Puts South Africa’s Coal Pivot on the Clock

Energy Vault and Eskom signed a deal to build a 25-MW, 100-MWh gravity energy storage system at Hendrina Power Station in Mpumalanga. The project will use Energy Vault’s EVx 2.0 technology and could scale up to 4 GW at the site. The partners plan to co-develop up to 4 GWh of storage across Southern Africa by 2035. Coal supplied 83% of South Africa’s electricity in 2024, according to official data.
12 May 2026
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Nvidia’s Record Run Is Now a Test of How Much AI Spending the Market Still Trusts

Nvidia’s Record Run Is Now a Test of How Much AI Spending the Market Still Trusts

Nvidia shares climbed 1.2% to near $222 after a record close, as investors positioned ahead of May 20 earnings and focused on strong AI hardware demand from hyperscalers. CEO Jensen Huang was excluded from Trump’s China delegation, highlighting ongoing export risks, but the company’s outlook already assumes no China data center revenue. Nvidia guided first-quarter fiscal 2027 revenue to $78 billion, plus or minus 2%.
12 May 2026
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Sea’s Earnings Rebound Is Real, but the Cost Fight Is Not Over

Sea’s Earnings Rebound Is Real, but the Cost Fight Is Not Over

Sea Limited’s U.S.-listed ADRs rose 13% in pre-market trading after first-quarter revenue reached $7.1 billion, beating estimates by over $600 million, though earnings per share missed by 10 cents. Shopee posted record GMV and orders, but its adjusted EBITDA fell as costs climbed. Garena had its strongest quarter since 2021. Monee’s revenue and loan book grew while credit quality held steady.
12 May 2026
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GoPro Stock Is Now a Sale Bet as Q1 Losses Expose a Tighter Balance Sheet

GoPro Stock Is Now a Sale Bet as Q1 Losses Expose a Tighter Balance Sheet

GoPro’s board launched a strategic review after receiving unsolicited takeover interest linked to its defense and aerospace efforts. First-quarter revenue fell 26% to $99.1 million, with gross margin dropping to 4.3% and cash at $40.7 million against $99.9 million in debt. The company warned of “substantial doubt” about its ability to continue operating. Shares jumped over 27% in after-hours trading.
12 May 2026
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Stock Market Today

  • Dollar Rises as Inflation Data Spurs Bond Yields Higher
    May 13, 2026, 12:45 PM EDT. The U.S. dollar index climbed to a 1.5-week high, fueled by stronger-than-expected April Producer Price Index (PPI) data, which showed a 6.0% year-on-year increase, the largest in over three years. This inflation data heightened expectations for Federal Reserve rate hikes, pushing the 10-year U.S. Treasury yield to a 10-month high of 4.49%. Concerns over a fragile U.S.-Iran ceasefire provided additional safe-haven support for the dollar. The euro weakened, pressured by dovish Eurozone economic data and a 1% crude oil price rally, which threatens energy-importing economies. The Japanese yen also weakened amid mixed economic signals and oil price gains, despite rising Japanese government bond yields. Market expectations show a 2% chance for a Fed rate cut in June, an 82% chance for an ECB hike, and a 72% chance for a Bank of Japan hike, reflecting global central bank divergence amid inflation concerns and geopolitical risks.

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UiPath Stock Drops as Its AI Agent Bet Hits a Hard Earnings Test

UiPath Stock Drops as Its AI Agent Bet Hits a Hard Earnings Test

13 May 2026
UiPath Inc. shares dropped 5.9% to $9.42 on Wednesday, with trading volume above 22 million, after the company launched a new integration for AI coding agents but investors waited for clearer demand signals ahead of its May 28 earnings call. UiPath reported fourth-quarter revenue of $481 million, up 14%, and reached full-year GAAP profitability for the first time.
Wolfspeed Stock Jumps 21% as Citrini Research Reprices AI Power-Chip Bet

Wolfspeed Stock Jumps 21% as Citrini Research Reprices AI Power-Chip Bet

13 May 2026
Wolfspeed shares surged over 21% to $65.13 Wednesday, with trading volume exceeding 18 million shares and market value reaching $2.55 billion. The rally followed Citrini Research’s endorsement, tying Wolfspeed’s silicon carbide chips to rising AI data-center demand. Wolfspeed reported a $120 million net loss last quarter and expects negative gross margins to continue. Some analysts remain cautious despite the stock’s recent gains.
LinkedIn Layoffs 2026: Why Microsoft’s Job Cuts Hit Even as Revenue Grows

LinkedIn Layoffs 2026: Why Microsoft’s Job Cuts Hit Even as Revenue Grows

13 May 2026
LinkedIn will cut about 5% of its workforce, affecting roles in marketing, engineering, and product teams, according to internal memos and sources. The move comes as LinkedIn reported a 12% revenue increase last quarter and surpassed 1.3 billion members. The company has over 17,500 employees worldwide. Microsoft shares were little changed following the news.

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QuantumScape Stock Jump: Eagle Line Puts $11 Million Behind Battery Bet

QuantumScape Stock Jump: Eagle Line Puts $11 Million Behind Battery Bet

13 May 2026
QuantumScape shares closed up 4.9% at $8.42 Tuesday and rose further after hours, following news of $11 million in first-quarter customer billings and progress at its Eagle Line pilot facility. The company reported a $100.8 million GAAP net loss for the quarter and continues to operate at a loss while ramping solid-state battery production.
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