Rivian Shares Pop as R2 Launch Nears
Rivian Automotive shares ended the week with a strong jump on Friday, closing at $16.30. Investors rotated back into the EV maker ahead of first customer deliveries for its cheaper R2 SUV.
Ambarella Drops on $800 Million AI Deal News
Ambarella shares tumbled 21% late Friday, wiping out gains for the week. The edge-AI chip company reported higher sales for the quarter and said it secured a Hanwha partnership with a potential value over $800 million for more than ten years.
Workday up 12% as investors look again at AI risk
Workday shares surged 12.45% to $146.19 on Friday, the biggest jump of the week for the stock. Investors are putting money back into software companies hurt earlier this year by concern that AI would cut into demand for business apps. U.S. markets are closed until Monday. The Nasdaq is open 9:30 a.m. to 4 p.m. Eastern, Monday through Friday.
Palo Alto Networks Stock Gains 9%, with Tuesday the Next Marker
Palo Alto Networks shares jumped 9.28% to $281.69 on Friday, capping a choppy, shortened week. Investors bought in ahead of earnings and after the company wrapped up its acquisition of AI security startup Portkey. The stock hit an intraday high of $283.71, according to historical price data.
Adobe Stock Moves Higher After AI Struggles; Wall Street Sets Sights on Monday
Adobe Inc. rallied Friday, finishing 7.36% higher at $259.21 and erasing the week’s earlier losses. The stock ended the four-session week up about 5.9%. U.S. markets were closed Monday for Memorial Day. Volume on Friday beat the prior three sessions.
Super Micro Gains With Dell, But Another Hurdle Awaits
Super Micro Computer shares rallied 11.6% Friday, ending the session at $46.09. The move came as investors piled into server stocks following strong AI-server numbers from Dell Technologies. Super Micro, trading on the Nasdaq, touched an intraday peak of $48.28 and saw volume top 93 million shares.
Alphabet Shares Fall as Google Cloud Picks Up Wall Street Support
Alphabet Inc. dropped on Friday, falling behind gains in the Nasdaq. Analysts have been more positive about Google Cloud and Alphabet’s AI push, but Class A shares slipped $9.79, or roughly 2.5%, to $380.34. Volume topped 44 million shares.
Ford gets fresh boost as power-grid trade heats up
Ford Motor shares rose Friday, building on their strong May run as traders stuck with the automaker's latest move into energy storage. Some auto names were under pressure after new U.S.-Mexico trade talks.
Virgin Galactic Shares Jump 36% With Traders Eyeing Test Flight
Virgin Galactic Holdings Inc. jumped 36.42%, ending the session at $6.18 after a huge spike in volume to 175.9 million shares—way over the 50-day average of 11.3 million. The stock posted its sixth straight advance and set a 52-week high, beating out bigger aerospace players like Boeing, RTX, and Lockheed Martin. The Nasdaq Composite was up 0.20% and the Dow gained 0.72% Friday.
Ondas Wins $110 Million Order, but Share Overhang Lingers
Ondas Inc. ended Friday's after-hours session little changed, sticking close to $13.22. The defense and autonomous-systems firm earlier reported more than $30 million in new orders for May. Traders also watched fresh filings related to share sales. Ondas traded between $11.62 and $13.48 through the day, with volume near 141.9 million shares.
Amazon Drops With S&P 500 at Record as $6 Billion AWS Deal Draws Focus
Amazon.com dropped 1.2% to $270.64 late Friday in New York, trailing as Wall Street hit new highs. Amazon Web Services brought in new demand with a fresh deal from Snowflake, but the shares still slipped. The last price left Amazon’s market cap around $2.94 trillion.
Palo Alto Networks Reaches All-Time High Ahead of Results as AI Security Rally Drives Wall Street
Palo Alto Networks shares jumped 9.3% to close at a record $281.69 on Friday. The cybersecurity name hit an intraday high of $283.71. Trading volume was about twice the usual level as buyers positioned ahead of the company’s earnings next week and on signs Wall Street wants more AI security names.
POET Technologies Tumbles Again as $400 Million AI Optics Push Hits Another Setback
POET Technologies shares dropped 7.3% Friday, then edged lower after market hours as investors looked again at the AI photonics firm's $400 million financing and what it means for bigger commercial orders. The Nasdaq stock finished at $12.29 and last traded at $12.23 just after 5 p.m. in New York.
Snap Slides, With Key Challenge Ahead for Comeback
Snap Inc. traded down almost 2% late Friday while broader U.S. stocks moved up. Investors kept up the pressure on the Snapchat parent as it struggles to steady ad growth. Shares were last at $5.80, off 11 cents. The stock touched $5.73 at its low and $5.94 at the high Friday.
Coherent Drops 6.6%, AI Optics Demand Gets Tested
Coherent Corp. dropped 6.6% Friday, falling to around $352. Shares touched $343.51 during the session. The stock had finished at $376.95 on Thursday. Coherent is among the AI-infrastructure names that have drawn attention this year.
NIO Shares React After ES9 Launch, China EV Sector Still in Play
NIO Inc’s ADRs gained 1.6% to $5.64 Friday afternoon. The Chinese EV maker launched its ES9 flagship SUV but the outlook for China’s auto market remains tough. NIO’s U.S.-listed shares moved between $5.375 and $5.655. Volume was above 30.5 million shares.
Ambarella Drops 20% After AI Beat, $800 Million Hanwha Contract
Ambarella fell roughly 20% Friday afternoon, with shares at $73.33 near 12:53 p.m. in New York. The move followed a small earnings beat and news of a major multi-year agreement with Hanwha of South Korea. Shares opened at $82.39 and traded as low as $71.76. The Invesco QQQ Trust was slightly up in the same period.
NetApp Jumps on AI Storage Demand, Outpaces Older Tech Names
NetApp shares surged over 26% in midday trading Friday, after the data-storage company topped quarterly estimates and gave an upbeat forecast linked to enterprise AI demand. The stock traded at $180.12 at 1:06 p.m. EDT, having earlier approached $190.
Rivian shares rise as company announces R2 SUV launch date
Rivian Automotive shares climbed 7.6% to $16.36 by midday Friday, building on a two-day rally after the company picked June 9 for its first customer event for the R2 midsize SUV. The stock hovered close to session highs, with volume around 24.3 million shares.
BlackBerry rises as QNX AI push draws new attention
BlackBerry Limited’s U.S. shares moved higher again Friday, continuing a rally that started in late May. Traders are buying on the potential of the company’s QNX unit, with interest focused on robotics and so-called “physical AI,” where machines use artificial intelligence to interact with the physical world.