Today: 23 May 2026
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Technology 22 May 2026 - 23 May 2026

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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Micron slips in New York; memory push keeps focus on AI signal

Micron slips in New York; memory push keeps focus on AI signal

Micron shares fell 1.46% to $751.00 Friday after the company began 1-alpha DRAM production at its Manassas, Virginia, plant. The move came amid a volatile week for memory-chip stocks, with Samsung labor news and AI demand influencing trading. U.S. Trade Representative Jamieson Greer said no immediate semiconductor tariffs are planned. U.S. markets will close Monday for Memorial Day.
23 May 2026
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Joby Aviation Up 5% as Air-Taxi Timeline Gets Focus

Joby Aviation Up 5% as Air-Taxi Timeline Gets Focus

Joby Aviation shares closed up 5% at $10.92 Friday, with trading volume above average ahead of the Memorial Day market pause. The company reported its first FAA-conforming aircraft had flown and ended March with $2.5 billion in cash, but posted a $110 million net loss on $24 million in quarterly revenue. Joby targets its first passenger flights in 2026.
22 May 2026
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Super Micro shares rise 6% on the day as company faces new China export probe

Super Micro shares rise 6% on the day as company faces new China export probe

Super Micro Computer shares climbed 6.3% to $35.58 Friday despite Taiwanese prosecutors opening a probe into suspected illegal exports of its AI servers to China. About 39 million shares traded after Nvidia’s strong results fueled optimism for AI hardware. U.S. stocks broadly rose, with the Dow closing at a record. Super Micro projected up to $12.5 billion in fiscal Q4 revenue and said supplier allocations remain steady.
22 May 2026
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HPE Shares Gain Ahead of Earnings as Wall Street Pushes AI Hardware

HPE Shares Gain Ahead of Earnings as Wall Street Pushes AI Hardware

Hewlett Packard Enterprise shares climbed 9.9% to $37.33 in Friday trading, leading a surge in hardware and networking stocks ahead of its June 1 earnings call. Analysts cited strong demand for AI infrastructure and networking gear, but flagged risks around valuation and memory-chip costs. Dell and HP Inc. also posted double-digit gains. HPE was named a Leader in Gartner’s 2026 Magic Quadrant for enterprise networking.
22 May 2026
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Virgin Galactic climbs as SpaceX IPO speculation sparks interest in space stocks

Virgin Galactic climbs as SpaceX IPO speculation sparks interest in space stocks

Virgin Galactic shares climbed about 18% to $3.25 Friday, with trading volume nearly triple the average, as investors bought space stocks after reports of a possible SpaceX IPO. The stock extended Thursday’s 11% gain. Virgin Galactic continues to face significant cash-burn and financing risk while preparing for flight testing later this year. First-quarter results showed a $65 million net loss and negative free cash flow.
22 May 2026
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BlackBerry Jumps 17% After QNX and Security Update

BlackBerry Jumps 17% After QNX and Security Update

BlackBerry Ltd. shares surged over 16% Friday, hitting 52-week highs in Toronto and New York, with Toronto-listed shares reaching CA$10.93. Trading volume in Toronto neared the stock’s average, with 4.65 million shares exchanged. The rally followed news that BlackBerry’s AtHoc platform completed 2026 Class D FedRAMP recertification. No new contract awards were disclosed.
22 May 2026
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AST SpaceMobile and Quantum Computing stocks now seen as Wall Street frontier bets

AST SpaceMobile and Quantum Computing stocks now seen as Wall Street frontier bets

AST SpaceMobile shares rose 11% and Quantum Computing Inc. jumped nearly 16% late Friday morning. AST reported $14.7 million in Q1 revenue and a $191 million net loss, while Quantum Computing Inc. posted $3.7 million in revenue and a $4.1 million net loss. Gains followed investor interest in space stocks and new public funding headlines for quantum firms.
22 May 2026
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Wall Street Pushes Dell’s AI Run Again But Sends a Caution

Wall Street Pushes Dell’s AI Run Again But Sends a Caution

Dell Technologies shares surged over 10% Friday, hitting a 52-week high of $283.30 after Wells Fargo raised its price target to $270. Morgan Stanley also lifted its target but kept an Underweight rating, citing risks like memory inflation and supply shortages. Dell reports fiscal Q1 results May 28, with consensus estimates at $3.00 EPS and $34.95 billion revenue. The company reported $64 billion in AI-optimized server orders for fiscal 2026.
22 May 2026
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Nokia Shares Jump on Friday, Investors Focus on AI Network Play

Nokia Shares Jump on Friday, Investors Focus on AI Network Play

Nokia shares rose 8.2% to 13.09 euros in Helsinki late Friday, far outpacing the OMX Helsinki 25 index’s 0.9% gain. The rally followed Nokia’s launch of an AI networking lab in Sunnyvale, California, with partners including AMD and Lenovo. Investors have increased bets on Nokia’s AI and cloud business since April, after the company reported a 49% jump in sales to those customers.
22 May 2026
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Stock Market Today

  • BlackBerry's FedRAMP Re-Certification: Clarifying or Complicating Its Software Strategy?
    May 23, 2026, 2:14 PM EDT. BlackBerry secured re-certification for its AtHoc communications platform under the U.S. government's FedRAMP Class D (High) security standard through 2026. This recognition reinforces BlackBerry's position in mission-critical government software and complements its pivot towards profitable software areas including automotive and embedded systems with QNX. The FedRAMP achievement supports BlackBerry's secure communications growth narrative amid ongoing execution against its FY2027 revenue and earnings targets. Recent approval of a substantial share buyback plan also factors into investor considerations. However, market expectations demand consistent earnings growth to justify the current high valuation, presenting risks if targets are missed. Analyst fair value estimates vary widely, reflecting divergent views on BlackBerry's future performance and stock valuation.

Latest articles

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

23 May 2026
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.
Intuit Slashes 3,000 Jobs as TurboTax Faces New AI Threats

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

23 May 2026
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.
AeroVironment Stock Watch: Navy Laser Test Puts AVAV Back in Drone-Defense Focus

AeroVironment Shares Surge 10% Ahead of Holiday With Tuesday in Focus for AVAV

23 May 2026
AeroVironment shares jumped 6.8% Friday to $174.23, capping a 10.3% weekly gain ahead of the Memorial Day market closure. Trading volume reached 1.16 million shares. No new company news appeared Friday; the latest updates were a May 19 software announcement and a May 20 notice of management’s June 3 conference appearance. Peers rose less, with Kratos up 2.8% and Lockheed Martin up 2.0%.
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