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Technology 29 May 2026 - 30 May 2026

ASML Shares Set 52-Week Peak; China Remains Key Risk for Traders

ASML Shares Set 52-Week Peak; China Remains Key Risk for Traders

ASML shares closed at €1,384.80 in Amsterdam on Friday, down 0.45% for the day and about 1.7% lower for the week after hitting a 52-week high. Investors tracked AI chip demand and renewed concerns over China’s efforts to bypass Western export controls. Huawei announced a new chip design strategy, but analysts and Nvidia’s CEO questioned its immediate impact. ASML reported Q1 net sales of €8.8 billion and net income of €2.8 billion.
30 May 2026
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SLB Stock Drops From 52-Week High as Traders Eye AI Deal

SLB Stock Drops From 52-Week High as Traders Eye AI Deal

SLB shares closed at $54.55 Friday, down 1% and marking a third straight loss after hitting a 52-week high of $58.82 earlier in the week. The company agreed to acquire software firm Tachyus and expanded its digital partnership with Vår Energi. Oilfield-services stocks, including Halliburton and Baker Hughes, also declined. Investors remain focused on oil prices and Middle East risks.
30 May 2026
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Ciena drops 13% after earnings surprise as AI network demand meets mixed market reaction

Ciena drops 13% after earnings surprise as AI network demand meets mixed market reaction

Ciena shares closed Friday at $580.23, down 0.6% for the week ahead of its June 4 earnings release. Options imply a 13% swing on results, with analysts forecasting Q2 EPS of $1.45 on $1.5 billion revenue. The stock is up over 140% in 2024, driven by AI data center demand. Morgan Stanley kept its Equalweight rating, citing possible margin pressure despite strong sales.
30 May 2026
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Accenture Shares Pop; AI Spending Still in Focus

Accenture Shares Pop; AI Spending Still in Focus

Accenture shares surged 4.86% Friday to $187.07 on heavy volume, capping a 4.37% weekly gain after a recent slump. The stock remains down 29.27% for 2026 and sits 41.86% below its 52-week high. Accenture and Mitsubishi Chemical launched a Tokyo joint venture focused on AI, with 255 staff and Mitsubishi holding 81%. CEO Julie Sweet reported $18 billion in revenue and $22.1 billion in bookings for the latest period.
30 May 2026
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Rivian Shares Pop as R2 Launch Nears

Rivian Shares Pop as R2 Launch Nears

Rivian shares closed Friday at $16.30, up 7.24%, capping a 14.6% gain for the week. U.S. safety officials opened a preliminary investigation into over 114,000 Rivian R1S and R1T vehicles for possible rear toe-link issues. Rivian will begin R2 order invitations, customer deliveries, and demo rides on June 9. Trading resumes Monday after the holiday-shortened week.
30 May 2026
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Ambarella Drops on $800 Million AI Deal News

Ambarella Drops on $800 Million AI Deal News

Ambarella shares fell 21% to $72.18 after quarterly results and outlook failed to ease investor concerns. The company reported Q1 revenue of $100.4 million and a GAAP net loss of $18.1 million, narrowing losses from a year ago. Ambarella announced a long-term Hanwha partnership valued at over $800 million. The broader market was steady as Ambarella slumped.
30 May 2026
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Super Micro Gains With Dell, But Another Hurdle Awaits

Super Micro Gains With Dell, But Another Hurdle Awaits

Super Micro Computer shares surged 11.6% to $46.09 Friday after Dell raised its AI-server revenue outlook and reported $16.1 billion in quarterly AI-server sales. Trading volume for Super Micro topped 93 million shares, with an intraday high of $48.28. Taiwanese prosecutors are investigating alleged illegal exports of Super Micro servers with Nvidia chips. Super Micro was not charged in a separate U.S. smuggling case.
30 May 2026
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Ford gets fresh boost as power-grid trade heats up

Ford gets fresh boost as power-grid trade heats up

Ford shares jumped 4.74% to close at $17.44 Friday, hitting a 52-week high of $17.78, with over 154 million shares traded. BofA Securities raised its price target to $20, citing Ford’s push into battery energy storage. Ford Energy signed a five-year deal with EDF to supply up to 20 GWh of storage systems starting in 2028. New U.S.-Mexico trade talks and stricter USMCA rules emerged as risks.
30 May 2026
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Virgin Galactic Shares Jump 36% With Traders Eyeing Test Flight

Virgin Galactic Shares Jump 36% With Traders Eyeing Test Flight

Virgin Galactic shares surged 36.42% to $6.18 on record volume after announcing VSS Unity glide flights in New Mexico. The company raised $11 million this quarter through an at-the-market share sale and reported $251 million in cash at March 31. A federal court gave initial approval to settle shareholder lawsuits for $2.75 million. Virgin Galactic plans new spaceship tests in Q3 and a research flight in 2027.
30 May 2026
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Ondas Wins $110 Million Order, but Share Overhang Lingers

Ondas Wins $110 Million Order, but Share Overhang Lingers

Ondas Inc. reported over $30 million in new orders for May, raising its Q2 total above $110 million. Shares closed after-hours near $13.22 after trading between $11.62 and $13.48 on volume of 141.9 million. New filings showed increased share activity tied to acquisitions and incentive plans. Shareholders approved raising authorized shares to 1.2 billion and expanded the stock incentive plan.
30 May 2026
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Amazon Drops With S&P 500 at Record as $6 Billion AWS Deal Draws Focus

Amazon Drops With S&P 500 at Record as $6 Billion AWS Deal Draws Focus

Amazon.com fell 1.2% to $270.64 late Friday, missing Wall Street’s record highs despite a new AWS deal with Snowflake. Snowflake shares soared over 33% after announcing a $6 billion, five-year agreement with AWS and raising its revenue outlook. Amazon’s market cap stood near $2.94 trillion, while Microsoft gained 5.4% and Alphabet dropped 2.5%. Amazon’s free cash flow slipped to $1.2 billion after heavy AI-related spending.
29 May 2026
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Palo Alto Networks Reaches All-Time High Ahead of Results as AI Security Rally Drives Wall Street

Palo Alto Networks Reaches All-Time High Ahead of Results as AI Security Rally Drives Wall Street

Palo Alto Networks shares surged 9.3% to a record $281.69 Friday, with trading volume doubling ahead of third-quarter earnings set for June 2. The company closed its Portkey acquisition and joined a new NATO cyber partnership this week. Several analysts raised their price targets, citing AI-linked growth and strong subscription revenue. Other cybersecurity stocks also rallied, including CrowdStrike and Fortinet.
29 May 2026
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POET Technologies Tumbles Again as $400 Million AI Optics Push Hits Another Setback

POET Technologies Tumbles Again as $400 Million AI Optics Push Hits Another Setback

POET Technologies shares fell 7.3% Friday, closing at $12.29 on Nasdaq and slipping further after hours. The drop follows a $400 million direct offering earlier this month, with shares now down 41% from the $21 deal price. Q1 revenue was $503,389 against a $12.3 million net loss. Legal action continues after Marvell canceled Celestial AI-related orders, citing confidentiality issues.
29 May 2026
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Snap Slides, With Key Challenge Ahead for Comeback

Snap Slides, With Key Challenge Ahead for Comeback

Snap Inc. shares fell nearly 2% to $5.80 late Friday, underperforming the broader market as ad growth remained sluggish. First-quarter revenue rose 12% to $1.53 billion, but advertising revenue increased just 3%. Snap reported 483 million daily active users. Trading volume was below average, and the stock stayed well under its 52-week high.
29 May 2026
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Coherent Drops 6.6%, AI Optics Demand Gets Tested

Coherent Drops 6.6%, AI Optics Demand Gets Tested

Coherent Corp. shares fell 6.6% to around $352 on Friday, despite no new company news and a rising broader market. The stock had closed at $376.95 on Thursday and touched $343.51 during the session. Lumentum dropped 2.3%, while Ciena was little changed. Coherent reported Q3 revenue of $1.81 billion, up 21% from last year, and forecasted Q4 revenue of $1.91–$2.05 billion.
29 May 2026
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Stock Market Updates

Micron, Qualcomm lift chip stocks after hours as Nasdaq slips

Micron, Qualcomm lift chip stocks after hours as Nasdaq slips

25 June 2026
Micron soared 16.34% after hours as customers locked in nearly $100 billion in future supply obligations—about 2.4 times its latest quarterly revenue—fueling a $400 billion surge in chip stocks and reversing the tech selloff that erased over $1 trillion from the Nasdaq 100 this week.
Western Digital falls after AI-storage rally, investors look to Micron

Western Digital falls after AI-storage rally, investors look to Micron

25 June 2026
Western Digital (NASDAQ:WDC) shares dropped about 4% after a multi-week rally fueled by AI storage demand, as investors awaited Micron Technology’s earnings for new signals on enterprise storage spending; analysts cite a persistent hard-disk supply deficit that could support pricing into 2027, with Morgan Stanley raising its price target to $650.
BlackBerry falls with volume outpacing buyback plan ahead of earnings

BlackBerry falls with volume outpacing buyback plan ahead of earnings

25 June 2026
BlackBerry closed down 2.3% at $8.62 despite Stifel initiating coverage with a Buy and $12 target—39% above the close—while trading volume of 38.3 million shares far exceeded its entire buyback authorization, highlighting investor focus ahead of Thursday’s Q1 results and underscoring the limited impact of BlackBerry’s capital return plan.
Opendoor slides after landing in Russell 3000, liquidity and dilution concerns follow

Opendoor edges up before Russell 3000 move, soft housing numbers weigh

25 June 2026
Santos shares closed down 0.96% at A$7.24 after Brent crude slumped US$3.34 to US$73.74, cutting potential annual gross sales from its new Pikka project by about US$50 million at plateau rates; Pikka’s ramp to 80,000 barrels per day is key, as oil price swings now have a direct impact on Santos’ production-linked revenue and its US$2.5 billion net debt reduction target.
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