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Technology 11 May 2026 - 13 May 2026

Wolfspeed Stock Rally Tests Whether WOLF’s Balance-Sheet Fix Can Beat Negative Margins

Wolfspeed Stock Rally Tests Whether WOLF’s Balance-Sheet Fix Can Beat Negative Margins

Wolfspeed shares closed Tuesday at $53.72, up 6.8%, then showed a premarket quote of $77.00, a 43% jump, as traders focused on debt reduction and high short interest. Fiscal Q3 revenue fell 19% to $150.2 million, gross margin remained negative, but net loss narrowed and interest expense dropped 39%. Short interest stood at 16.1 million shares, about a third of the float.
Ouster Stock Jumps as NVIDIA Tie-Up Tests the Line Between Real Demand and Rich Valuation

Ouster Stock Jumps as NVIDIA Tie-Up Tests the Line Between Real Demand and Rich Valuation

Ouster shares rose 6.1% to $28.75 in early premarket trading after its Rev8 lidar sensors qualified for NVIDIA’s DRIVE Hyperion autonomous-vehicle platform. The company reported first-quarter revenue of $49 million and a net loss of $17.5 million. Investors cited the NVIDIA qualification as a potential new channel, though no purchase order was announced.
Nvidia’s Record Run Hinges on China Access and a May 20 Earnings Test

Nvidia’s Record Run Hinges on China Access and a May 20 Earnings Test

Nvidia closed Tuesday at $220.78, near a record, after CEO Jensen Huang joined President Trump’s China trip, fueling speculation about renewed H200 AI-chip sales to Chinese buyers. The stock has surged 12% in five sessions, ahead of next week’s earnings. Wall Street raised price targets as investors watch for signs of a China policy shift before Nvidia’s results.
Flashscore Beats Broadcasters in Fastest Sports App Survey Before 2026 World Cup

Flashscore Beats Broadcasters in Fastest Sports App Survey Before 2026 World Cup

Flashscore ranked as the fastest live sports results platform by fans in the UK, Italy, and Brazil, according to commissioned research released Tuesday. The survey, published weeks before the 2026 FIFA World Cup, found 46% of UK, 49% of Italian, and 53% of Brazilian respondents rated Flashscore quickest for updates. Flashscore attributed its speed to a new Prague data centre and distributed cloud setup.
12 May 2026
Apple Holds Up as Hot Inflation Hits Tech, With Investors Paying for iPhone Demand and AI Optionality

Apple Holds Up as Hot Inflation Hits Tech, With Investors Paying for iPhone Demand and AI Optionality

Apple shares rose 0.4% to $293.85 at midday Tuesday, outperforming Microsoft, Alphabet and Nvidia, which traded lower. The stock gained after record March-quarter results, a $100 billion buyback, and anticipation for AI announcements at WWDC. The S&P 500 fell 0.9% and Nasdaq dropped 1.6% as inflation rose 3.8% in April. Apple reported $111.2 billion in quarterly revenue and raised its dividend to $0.27 per share.
Energy Vault’s Eskom Gravity Storage Deal Puts South Africa’s Coal Pivot on the Clock

Energy Vault’s Eskom Gravity Storage Deal Puts South Africa’s Coal Pivot on the Clock

Energy Vault and Eskom signed a deal to build a 25-MW, 100-MWh gravity energy storage system at Hendrina Power Station in Mpumalanga. The project will use Energy Vault’s EVx 2.0 technology and could scale up to 4 GW at the site. The partners plan to co-develop up to 4 GWh of storage across Southern Africa by 2035. Coal supplied 83% of South Africa’s electricity in 2024, according to official data.
Nvidia’s Record Run Is Now a Test of How Much AI Spending the Market Still Trusts

Nvidia’s Record Run Is Now a Test of How Much AI Spending the Market Still Trusts

Nvidia shares climbed 1.2% to near $222 after a record close, as investors positioned ahead of May 20 earnings and focused on strong AI hardware demand from hyperscalers. CEO Jensen Huang was excluded from Trump’s China delegation, highlighting ongoing export risks, but the company’s outlook already assumes no China data center revenue. Nvidia guided first-quarter fiscal 2027 revenue to $78 billion, plus or minus 2%.
Sea’s Earnings Rebound Is Real, but the Cost Fight Is Not Over

Sea’s Earnings Rebound Is Real, but the Cost Fight Is Not Over

Sea Limited’s U.S.-listed ADRs rose 13% in pre-market trading after first-quarter revenue reached $7.1 billion, beating estimates by over $600 million, though earnings per share missed by 10 cents. Shopee posted record GMV and orders, but its adjusted EBITDA fell as costs climbed. Garena had its strongest quarter since 2021. Monee’s revenue and loan book grew while credit quality held steady.
12 May 2026
GoPro Stock Is Now a Sale Bet as Q1 Losses Expose a Tighter Balance Sheet

GoPro Stock Is Now a Sale Bet as Q1 Losses Expose a Tighter Balance Sheet

GoPro’s board launched a strategic review after receiving unsolicited takeover interest linked to its defense and aerospace efforts. First-quarter revenue fell 26% to $99.1 million, with gross margin dropping to 4.3% and cash at $40.7 million against $99.9 million in debt. The company warned of “substantial doubt” about its ability to continue operating. Shares jumped over 27% in after-hours trading.
Cisco Stock Near a Record High as AI Orders Set Up a Tough Earnings Test

Cisco Stock Near a Record High as AI Orders Set Up a Tough Earnings Test

Cisco shares closed at $98.72 Monday, up 2.23%, ahead of fiscal Q3 results due after the close May 13. Polymarket contracts show traders giving 94% odds Cisco beats $1.04 in adjusted EPS, and 69% odds hyperscaler AI orders top $2 billion, though volumes are thin. Options data imply a 5.8% post-earnings move. Investors are watching whether AI infrastructure demand offsets margin pressure.
Google Finance AI Launches Across Europe: The New Market Tools Investors Can Use Now

Google Finance AI Launches Across Europe: The New Market Tools Investors Can Use Now

Google launched its AI-powered Google Finance across Europe this week, adding local-language support and features like AI research, advanced charting, and live earnings calls. The rollout expands the service beyond the U.S., as rivals and regulators focus on AI in financial data. Google says Deep Search and other AI tools are now available to European users in multiple languages.
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.
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.
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.
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.
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.
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.
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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Stock Market Updates

Sunrun pops as Tesla, Renew Home announce data-center power move

Sunrun rally looks at 16 GW deal numbers, squeezes shorts

25 June 2026
Sunrun surged 12.57% to $14.42 after announcing a 16 GW flexible capacity deal with Tesla and Renew Home, but analysts say only 0.5 GW is Sunrun’s actual battery fleet; with 26% short interest and slowing core business, the rally reflects hopes for new revenue streams despite limited near-term impact.
Hertz Global (HTZ) shares fall, $350 mln note hedge draws attention

Hertz Global (HTZ) shares fall, $350 mln note hedge draws attention

25 June 2026
Hertz plunged 40.7% to $3.00 after slashing its Q2 outlook and announcing a $100 million share sale and $350 million in exchangeable notes referencing up to 35.5% of shares, with used-car sale losses pushing net depreciation per unit to $300 and adjusted Corporate EBITDA now expected at $50–80 million, near the low end of prior guidance.
InterContinental Hotels Group buyback speeds up share-count cut

InterContinental Hotels Group buyback speeds up share-count cut

25 June 2026
InterContinental Hotels Group cut its share count below 149.2 million after buying back and planning to cancel 20,000 shares at an average $172.58 on June 24, up 1.6% from the prior day’s buyback price; this ongoing buyback program, now 25% complete, is set to return over $1.2 billion to shareholders in 2026, equal to 5.8% of IHG’s market value at the year’s start.
Nasdaq Futures Drop Ahead of Open as Debt Concerns Hit AI Stocks

Nasdaq futures edge up as AI chip stocks try to recover ahead of PCE data

25 June 2026
Micron Technology soared 17% premarket after reporting June 24 revenue of $41.46 billion, up from $9.30 billion a year earlier, and announcing $22 billion in five-year take-or-pay customer commitments, signaling unprecedented demand for AI memory chips and driving Nasdaq 100 futures up 2.15%.
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