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Technology 11 May 2026 - 12 May 2026

IonQ Stock Jumps as SkyWater Vote Puts $1.8 Billion Quantum Deal on the Clock

IonQ Stock Jumps as SkyWater Vote Puts $1.8 Billion Quantum Deal on the Clock

IonQ shares rose 15.54% to $56.89 Monday after SkyWater Technology shareholders approved IonQ’s $1.8 billion acquisition. The vote clears a major hurdle, but the deal still needs regulatory approval. SkyWater shareholders will receive $15 in cash and $20 in IonQ stock per share. IonQ reported first-quarter revenue of $64.7 million, up 755% from a year earlier.
12 May 2026
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Rigetti Computing Stock: Revenue Tripled, But One Line Shows Why RGTI Is Still a Quantum Bet

Rigetti Computing Stock: Revenue Tripled, But One Line Shows Why RGTI Is Still a Quantum Bet

Rigetti reported first-quarter revenue of $4.4 million, up from $1.5 million a year earlier, but posted a $26.0 million operating loss as spending on research and system development rose. The company launched its 108-qubit system on major cloud platforms and ended March with $569 million in cash and no debt. Shares closed at $20.51, up 8.29% before results.
12 May 2026
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Shopify Stock Slides Again As AI Cost Fears Spill Into Shareholder Vote

Shopify Stock Slides Again As AI Cost Fears Spill Into Shareholder Vote

Shopify shares fell 7.13% to $102.54 Monday after last week’s earnings and the release of annual-meeting materials highlighting an AI governance vote set for June 16. A shareholder proposal asks Shopify to adopt a responsible-use AI policy, which the board opposes. First-quarter revenue rose 34% to $3.17 billion, but investors remain focused on rising expenses and AI strategy.
11 May 2026
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GSI Technology Stock Jumps 39% As GSIT Options Surge Puts AI-Memory Bet Back in Focus

GSI Technology Stock Jumps 39% As GSIT Options Surge Puts AI-Memory Bet Back in Focus

GSI Technology shares jumped 38.7% Monday to $11.72, with trading and call-option volume far above average. The company reported fiscal 2026 revenue of $25.1 million, up 22%, but posted a $13.2 million net loss. CEO Lee-Lean Shu filed to sell 143,062 shares after the close under a preset plan. GSI recently won a $2 million U.S. Army contract for its Gemini-II AI platform.
11 May 2026
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Corning Incorporated Stock Jumps After BofA Pick — Why Nvidia’s AI Fiber Deal Matters for GLW

Corning Incorporated Stock Jumps After BofA Pick — Why Nvidia’s AI Fiber Deal Matters for GLW

Corning shares surged 10.84% to $207.21 Monday after BofA added the company to its “U.S. 1 List,” following last week’s Nvidia partnership. Corning and Nvidia plan to expand U.S. optical connectivity manufacturing, with Nvidia investing over $500 million and additional factory funding. Corning expects to reach a $20 billion annualized sales run rate by end of 2026. First-quarter core sales rose 18% to $4.35 billion.
11 May 2026
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Palantir’s NHS Patient Data Fight Tests Its AI Stock Boom

Palantir’s NHS Patient Data Fight Tests Its AI Stock Boom

Britain’s NHS is allowing external staff, including Palantir contractors, broad access to identifiable patient data while building a new health-data platform, the Financial Times reported. The contract, awarded to a Palantir-led consortium in November 2023, is valued at £330 million over seven years. MPs and privacy campaigners raised concerns over data security. NHS England says Palantir cannot commercialise or use the data to train AI models.
11 May 2026
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Grab Holdings Enters Hotel Booking With GrabStays — Why the Nuitée Deal Matters Now

Grab Holdings Enters Hotel Booking With GrabStays — Why the Nuitée Deal Matters Now

Grab Holdings will launch GrabStays, a hotel-booking service within its app, in Singapore later this month through an exclusive partnership with travel-tech firm Nuitée. The announcement follows Grab’s first-quarter revenue jump of 24% to $955 million, surpassing estimates. Users can book hotels, earn GrabCoins, and use an AI chatbot for hotel queries. Financial terms of the Nuitée partnership were not disclosed.
11 May 2026
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Qualcomm Stock Hits Record High as AI Data-Center Bet Forces Wall Street Rethink

Qualcomm Stock Hits Record High as AI Data-Center Bet Forces Wall Street Rethink

Qualcomm shares hit a record high Monday, rising as much as 9.3% before settling up 6.8% at $233.98, amid a broad chip rally. Investors focused on Qualcomm’s data-center chip push and recent $10.6 billion quarterly revenue, despite continued risks from smartphones and Apple exposure. CEO Cristiano Amon said shipments to a major cloud customer remain on track for later this year.
11 May 2026
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Archer Aviation Stock Faces a Big Q1 Test Today as Air Taxi Deadline Nears

Archer Aviation Stock Faces a Big Q1 Test Today as Air Taxi Deadline Nears

Archer Aviation shares rose 1.4% to $6.57 ahead of first-quarter results due after Monday’s market close. The update comes days after the UAE’s aviation regulator advanced Archer’s Midnight aircraft into a Restricted Type Certificate program, allowing limited early operations. Archer plans to launch air-taxi service in Abu Dhabi with Abu Dhabi Aviation. In the U.S., the FAA accepted all of Midnight’s Means of Compliance in March.
11 May 2026
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Nokia Stock Jumps Again as AI Network Bet Pulls Investors Back In

Nokia Stock Jumps Again as AI Network Bet Pulls Investors Back In

Nokia shares closed up 4.1% at 11.39 euros in Helsinki on Monday, rebounding for a second session after last week’s sharp drop. The company reported first-quarter AI and cloud customer sales up 49%, with 1 billion euros in orders. CEO Justin Hotard said Nokia is tracking above the midpoint of its 2024 profit outlook. The stock has swung sharply, falling 7.1% Thursday before rising Friday and Monday.
11 May 2026
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Nvidia Stock Split Watch Returns As Shares Near Record Before May Earnings

Nvidia Stock Split Watch Returns As Shares Near Record Before May Earnings

Nvidia shares rose 2% to $219.51 Monday, valuing the company at $5.38 trillion, as investors awaited first-quarter results due May 20. Stock-split speculation resurfaced after a recent article, though analysts said another split is not imminent. Nvidia and IREN last week announced AI infrastructure and cloud contracts worth a combined $5.5 billion. Alphabet is reportedly closing in on Nvidia’s market value.
11 May 2026
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IREN Stock’s Nvidia Rally Just Hit a $2 Billion Debt Test

IREN Stock’s Nvidia Rally Just Hit a $2 Billion Debt Test

IREN Ltd. shares dropped 9.43% to $55.43 in U.S. premarket trading Monday after the company announced a proposed $2 billion convertible-note sale. The move follows last week’s Nvidia partnership, which gave Nvidia rights to buy up to 30 million IREN shares at $70 each. IREN’s latest quarter showed revenue falling to $144.8 million and a net loss widening to $247.8 million.
11 May 2026
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Applied Digital Just Spun Out ChronoScale: What CHRN Means for APLD Stock Now

Applied Digital Just Spun Out ChronoScale: What CHRN Means for APLD Stock Now

Applied Digital’s cloud unit began trading as ChronoScale (CHRN) on Nasdaq, with Applied keeping about 97% ownership after contributing the business to EKSO Bionics and investing $15.75 million. ChronoScale opened at $15.57, while Applied Digital last traded at $41.25. Applied also secured a $300 million bridge loan led by Goldman Sachs for its North Dakota data center. The company reported Q3 revenue of $126.6 million and a net loss of $100.9 million.
11 May 2026
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POET Technologies Stock Faces Marvell Fallout as Investor Lawsuit Deadline Nears

POET Technologies Stock Faces Marvell Fallout as Investor Lawsuit Deadline Nears

POET Technologies faces a federal securities class action after Marvell Semiconductor canceled all Celestial AI purchase orders, triggering a 45% intraday drop in POET shares on April 27. Law firms are urging investors who bought POET securities between April 1 and April 27 to act before the June 29 lead-plaintiff deadline. The case also involves disputed tax disclosures and PFIC status. No class has been certified.
11 May 2026
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AMD Stock Extends AI Rally — But Wall Street’s Next Test Is Already Here

AMD Stock Extends AI Rally — But Wall Street’s Next Test Is Already Here

AMD shares rose 1.01% to $459.80 in pre-market trading Monday after surging 11.44% Friday. First-quarter revenue jumped 38% to $10.3 billion, with data-center sales up 57% on demand for EPYC processors and Instinct GPUs. Goldman Sachs and Bernstein raised their price targets, citing server CPU growth from agentic AI. AMD now forecasts the server CPU market will top $120 billion by 2030.
11 May 2026
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Sandisk Stock Hits Record High: Why the $245 Billion AI Storage Bet Is Getting Harder to Ignore

Sandisk Stock Hits Record High: Why the $245 Billion AI Storage Bet Is Getting Harder to Ignore

Sandisk shares closed at a record $1,562.34 on Friday, pushing its market value to about $245 billion. Fiscal third-quarter revenue jumped 251% to $5.95 billion, with data-center revenue up 645% to $1.47 billion. The company reported $41.6 billion in contracted sales not yet booked. Sandisk, spun out of Western Digital in 2025, now far surpasses its former parent in market value.
11 May 2026
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Everspin Stock Jumps After $40 Million Defense MRAM Deal: What Changed

Everspin Stock Jumps After $40 Million Defense MRAM Deal: What Changed

Everspin Technologies shares jumped 25% to $26.99 after announcing a $40 million U.S. defense subcontract with Amentum Services tied to domestic MRAM chip production. The Chandler, Arizona company reported first-quarter revenue of $14.9 million and a narrowed net loss of $0.3 million. The subcontract runs through late 2028 with milestone payments. Everspin’s market value reached about $624 million.
11 May 2026
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Palantir Stock’s Big AI Test: Blowout Growth, But Wall Street Still Wants Proof

Palantir Stock’s Big AI Test: Blowout Growth, But Wall Street Still Wants Proof

Palantir shares closed Friday at $137.80, up 0.55%, but still below their pre-earnings level. First-quarter revenue jumped 85% to $1.63 billion, prompting the company to raise its 2026 revenue forecast to as much as $7.66 billion. U.S. revenue more than doubled, driven by defense contracts. Investors remain cautious as the stock trades at a high valuation.
11 May 2026
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Stock Market Today

  • DBS Sees World Cup Lull as Tactical Buying Opportunity for Singapore Stocks
    June 4, 2026, 7:24 PM EDT. DBS analysts highlight a typical dip in Singapore Exchange (SGX) trading during the FIFA World Cup (Jun 11-Jul 19), presenting a tactical opportunity for investors to accumulate shares. Historical patterns show reduced market activity during World Cups from 2002 to 2018. DBS's top stock picks include OCBC, Singtel, and Venture for dividend plays plus City Developments and UOL for catalysts in the second half of 2026. Large-cap Singapore REITs like CapitaLand Integrated Commercial Trust and Mapletree Logistics Trust are also favored, with expected easing of Middle East tensions and seasonal factors supporting a market rebound post-tournament.

Latest articles

Fidelity Just Made SpaceX IPO Access Easier. The Catch Is Getting Shares

Fidelity Just Made SpaceX IPO Access Easier. The Catch Is Getting Shares

5 June 2026
Fidelity slashes IPO access minimum to $2,000 for SpaceX’s $75 billion offering, with up to 30% reserved for retail investors—far above the usual 5-10%—but warns high demand, potential volatility, and limited investor voting power as Elon Musk retains 82.4% control; allocations confirmed June 12.
BlackBerry stock heads toward highs as QNX robot software draws traders

BlackBerry stock heads toward highs as QNX robot software draws traders

5 June 2026
BlackBerry shares jumped 1.4% to $10.34 in heavy trading, nearing a 52-week high, as investors focused on QNX embedded software momentum despite a weak tech sector; the next key test is BlackBerry’s June 25 earnings, which will reveal if revenue growth and backlog conversion support the stock’s rally.
Nokia drops after fast AI rally, traders stay focused

Nokia drops after fast AI rally, traders stay focused

5 June 2026
Nokia shares plunged 6.15% in Helsinki, snapping a three-day rally, as investors questioned how much of the company’s AI and Nvidia partnership story was already priced in, despite Nordea raising its price target to 15.70 euros and Nokia’s recent report of 49% sales growth to AI and cloud customers.
Samsara Sinks After Earnings Despite Beat Traders Blame on Guidance

Samsara Sinks After Earnings Despite Beat Traders Blame on Guidance

5 June 2026
Samsara shares fell to $35.21, down $1.04, after beating Q1 estimates with 31% revenue growth to $478.8 million, but investors focused on second-quarter guidance that was only modestly above forecasts, raising concerns about limited upside despite strong ARR and cash flow gains.
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