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Technology 17 May 2026 - 19 May 2026

Seagate Shares Dip Again as AI Storage Demand Pinches Supply

Seagate Shares Dip Again as AI Storage Demand Pinches Supply

Seagate shares fell 2.3% to $723.81 Tuesday, extending Monday’s 6.87% drop after CEO Dave Mosley warned new factories would take too long to meet surging AI-driven demand for hard drives. Mosley said Seagate is boosting output by upgrading existing plants and technology, not building new facilities. Investors remain concerned about supply shortages despite strong revenue and cash flow.
19 May 2026
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Roblox Stock Moves Up Early, Safety Issues Still Linger

Roblox Stock Moves Up Early, Safety Issues Still Linger

Roblox shares traded at $47.41 in early New York hours Tuesday, extending gains after third-party data showed a week-over-week rise in concurrent users. Needham maintained its Buy rating and $60 target. The stock remains pressured by a lowered 2026 bookings outlook, tied to new safety and age-check measures. Roblox reported Q1 revenue of $1.4 billion and bookings of $1.7 billion.
19 May 2026
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Meiwu Technology shares bounce 88% premarket after heavy drop

Meiwu Technology shares bounce 88% premarket after heavy drop

Meiwu Technology shares surged 87.99% to $4.531 in premarket trading Tuesday after a 22.76% drop Monday, which left the stock at $2.410. The company recently raised $15.65 million in a private share sale at $0.626 per share, with proceeds earmarked for an AI-driven skincare platform and related projects. Meiwu reported 2025 revenue of $7.08 million and a net loss of $18.59 million.
19 May 2026
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Hesai Up Premarket After Mercedes Lidar Win, Q1 Profit

Hesai Up Premarket After Mercedes Lidar Win, Q1 Profit

Hesai Group shares rose 2.68% to $22.60 in U.S. premarket trading after reporting a first-quarter profit and confirming it will supply lidar sensors for Mercedes-Benz Level 3 autonomous models. The company shipped 471,723 lidar units, up 140.9% year-on-year, and posted revenue of RMB680.6 million ($98.7 million). Net income reached RMB18.3 million, reversing a loss from a year earlier.
19 May 2026
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Alphabet Approaches $5 Trillion With Google AI Cloud Move Targeting Nvidia

Alphabet Approaches $5 Trillion With Google AI Cloud Move Targeting Nvidia

Alphabet shares rose in pre-market trading Tuesday after Google and Blackstone announced a U.S. AI cloud venture, with Blackstone committing $5 billion to add 500 megawatts of data-center capacity by 2027. Alphabet’s Class A shares closed Monday at $396.94 and were quoted at $401.09 before the market opened. The move coincides with the first day of Google I/O and follows strong Q1 earnings.
19 May 2026
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Roblox Shares Jump Almost 10%, Safety Issue Remains Unanswered

Roblox Shares Jump Almost 10%, Safety Issue Remains Unanswered

Roblox shares rose 9.6% to $46.98 on Monday, bucking declines in the broader tech sector. The jump followed a month-long selloff tied to new child-safety measures, which the company says have reduced user communication and slowed new sign-ups. Roblox cut its 2026 bookings outlook on April 30, but first-quarter revenue and daily active users both rose over 35%. Analysts cited competition from Fortnite and the upcoming Grand Theft Auto VI.
18 May 2026
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Vertiv shares slide ahead of AI data center update

Vertiv shares slide ahead of AI data center update

Vertiv Holdings shares dropped 8.5% to $339.41 on Monday, erasing over $12 billion in market value ahead of a key investor conference. Trading volume reached about 7 million shares. The decline outpaced peers as U.S. tech stocks fell broadly. Vertiv urged shareholders to reject a mini-tender offer from Tutanota LLC for up to 500,000 shares.
18 May 2026
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HIVE stock gains after $3.5 billion AI facility news

HIVE stock gains after $3.5 billion AI facility news

HIVE Digital Technologies shares jumped 33% to $3.58 in Nasdaq pre-market trading Monday after its BUZZ HPC unit announced a planned 320 MW AI infrastructure site in the Greater Toronto Area, targeting late 2027 for operations. The company said it bought 25 acres for $58 million and expects to invest about C$3.5 billion. The Toronto Stock Exchange is closed for Victoria Day, delaying Canadian trading until Tuesday.
18 May 2026
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Nokia’s AI Run Boosted by Cisco. Now the Real Test Starts

Nokia’s AI Run Boosted by Cisco. Now the Real Test Starts

Nokia shares rose 1.2% to €12.05 in Helsinki on Monday, near a 52-week high, after Cisco reported $5.3 billion in AI infrastructure orders from hyperscalers and raised its full-year forecast. Nokia’s U.S.-listed shares have climbed over 10% since Cisco’s results, with ADRs up about 116% this year. Nokia reported a 49% jump in Q1 net sales to AI and cloud customers and €1 billion in orders from that segment.
18 May 2026
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Destiny Tech100 Gains Pre-Market as SpaceX IPO Buzz Mixes With AI Stock Warnings

Destiny Tech100 Gains Pre-Market as SpaceX IPO Buzz Mixes With AI Stock Warnings

Destiny Tech100 Inc. shares rose 10.6% to $52.68 in early premarket trading Monday after reports that SpaceX may list on Nasdaq as soon as June 12 at a $1.75 trillion valuation. DXYZ’s portfolio includes about 14.4% exposure to SpaceX and 18.1% to Anthropic. The stock ended last week down 13% despite sharp swings. Destiny’s shares last closed at nearly double their reported net asset value.
18 May 2026
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IonQ’s Volatile Week Leaves Bulls Focused on Monday Trade

IonQ’s Volatile Week Leaves Bulls Focused on Monday Trade

IonQ shares closed Friday at $51.95, down 9.6% for the day but up 5.5% from the prior week. The company reported first-quarter revenue of $64.7 million, up 755% year-over-year, and raised full-year guidance to as much as $270 million. IonQ posted a GAAP net income of $805.4 million but an adjusted EBITDA loss of $96.8 million. Investor focus remains on high spending and cash burn.
18 May 2026
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Cisco shares touch record high on AI moves — what could drive CSCO now

Cisco shares touch record high on AI moves — what could drive CSCO now

Cisco shares closed at $118.21 after a 22% weekly gain, following strong earnings and an increased AI revenue outlook. The stock jumped 17% Thursday, its biggest one-day rise in over 20 years, adding about $70 billion in market value. Cisco reported $15.8 billion in Q3 revenue and announced nearly 4,000 job cuts. Arista Networks and Hewlett Packard Enterprise shares fell as Cisco surged.
17 May 2026
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Micron Faces Key Monday After Volatile Week

Micron Faces Key Monday After Volatile Week

Micron Technology shares closed at $724.66 on Friday, down 6.6% after a record-setting week, but remain up nearly 154% for the year. The drop followed a broader market selloff, with the S&P 500 down 1.2% and the Nasdaq off 1.5% as Treasury yields rose. Micron recently began sampling 256GB DDR5 server memory modules to partners. Samsung faces a possible strike May 21, potentially affecting memory chip supply.
17 May 2026
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Apple Breaks $300 Line; Investors Watch What’s Next Beyond the iPhone

Apple Breaks $300 Line; Investors Watch What’s Next Beyond the iPhone

Apple shares closed Friday at $300.23, up 2.4% for the week, while major U.S. indexes fell sharply. The company reported a 17% rise in quarterly revenue to $111.2 billion and record services revenue. Analysts at Wedbush and Evercore ISI raised price targets, citing growth in services and potential AI gains. U.S. iPhone sales rose 1.3% last quarter as overall smartphone sales declined.
17 May 2026
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Nokia’s AI stock rally set for Monday showdown after turbulent holiday week

Nokia’s AI stock rally set for Monday showdown after turbulent holiday week

Nokia shares closed Friday at 11.905 euros in Helsinki, up 8.8% from May 8 after a four-day trading week. The stock’s rally follows strong first-quarter results, with AI and cloud sales up 49% and a raised 2026 growth target. Nokia named Emma Falck as Mobile Infrastructure president, effective September 1. The OMX Helsinki 25 ended Friday at 6,272.91, up 0.5% from the previous week.
17 May 2026
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Stock Market Today

  • Is Netflix's Stock Undervalued After Recent Pullback?
    June 4, 2026, 5:02 PM EDT. Netflix (NFLX) shares have dropped 6.7% in the past week and 10.4% year to date, currently trading at $81.52. Despite a 34.2% decline over the last year, the stock remains up over 100% in three years. A valuation approach using Discounted Cash Flow (DCF) analysis suggests Netflix is undervalued by 12.7%, with an intrinsic value estimated at $93.40 per share compared to its current price. The company's Price-to-Earnings (P/E) ratio stands at 25.7x, aligning with the entertainment industry average and lower than the wider peer group average. Investors weigh risks from streaming competition, subscriber shifts, and content costs against potential long-term value.

Latest articles

Patterson-UTI Shares Up as Oil Slips

Patterson-UTI Shares Up as Oil Slips

4 June 2026
Patterson-UTI Energy shares jumped 3.1% to $12.39, outpacing oil peers and the broader market, as the company forecast rising rig counts, higher dayrates, and $220 million in Q2 adjusted EBITDA, despite falling crude prices and a historic low in drilled-but-uncompleted shale wells, signaling strong demand for drilling activity.
Comcast stock in focus: CMCSA ends week higher as Jan. 29 earnings loom

Comcast Shares Fall Again; Universal’s UK Play and $4B Debt Deal in Focus

4 June 2026
Comcast shares slid 1.1% to $23.26, extending a 5.35% drop, as investors reacted to a £5 billion Universal UK resort plan, a $4.14 billion debt buyback, and NBCUniversal’s projection that Peacock will be profitable in Q2, with 46 million paid subscribers—raising questions about Comcast’s ability to fund major projects while delivering near-term returns.
ASML Trading Close to €1,500 After New Wall Street Backing

ASML Trading Close to €1,500 After New Wall Street Backing

4 June 2026
ASML shares surged near €1,500 in Amsterdam after BofA and Barclays raised price targets, citing strong EUV tool demand and increased visibility from major chipmakers like TSMC, which confirmed ongoing AI-driven supply constraints; both brokerages warned that China export restrictions and weaker chip spending remain key risks.
Dow Jumps as Oil Drops; Wall Street Watches Broadcom AI Moves

Dow Jumps as Oil Drops; Wall Street Watches Broadcom AI Moves

4 June 2026
Dow surges 1.6% to a record 51,496.83 as investors rotate into healthcare and financial stocks after Wednesday’s selloff, while Broadcom plunges 11.2% on missed revenue and flat AI-chip guidance, capping Nasdaq gains; oil drops 3% on Middle East ceasefire hopes, but risks from chip sector weakness and geopolitical tensions remain, Reuters reports.
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