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Technology 10 May 2026 - 11 May 2026

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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Archer Aviation Stock Faces a Crucial Test After UAE Air-Taxi Certification Move

Archer Aviation Stock Faces a Crucial Test After UAE Air-Taxi Certification Move

Archer Aviation’s Midnight aircraft has entered the UAE’s Restricted Type Certificate program, making it the first eVTOL maker on this regulatory track. The company reports Q1 results Monday after U.S. markets close; shares last traded at $6.48. Archer ended 2025 with $1.96 billion in cash but has not secured full FAA certification or generated significant revenue. Joby Aviation remains its main public-market rival.
11 May 2026
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Micron Stock Just Became the AI Memory Trade Wall Street Can’t Ignore

Micron Stock Just Became the AI Memory Trade Wall Street Can’t Ignore

Micron Technology’s market value topped $850 billion Friday as its shares surged to $746.81, driven by soaring demand for memory chips in AI systems. Quarterly revenue nearly tripled from a year earlier, with DRAM, NAND, and HBM sales hitting records. CEO Sanjay Mehrotra said supply remains tight, supporting high prices. Analysts warn the memory market’s boom-bust cycle could return if capacity expands too quickly.
10 May 2026
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Qnity Electronics Earnings This Week: Why the AI Chip-Materials Rally Faces Its First Big Test

Qnity Electronics Earnings This Week: Why the AI Chip-Materials Rally Faces Its First Big Test

Qnity Electronics will report first-quarter results before U.S. markets open Tuesday, with analysts expecting adjusted earnings of 92 cents a share. The stock closed Friday at $147.33, up 2.6%. Qnity began trading on the NYSE in November after separating from DuPont. The company reported 2025 net sales of $4.75 billion and forecast 2026 revenue of up to $5.17 billion.
10 May 2026
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AST SpaceMobile Stock Faces Big Monday Test After FCC Win, BlueBird Setback

AST SpaceMobile Stock Faces Big Monday Test After FCC Win, BlueBird Setback

AST SpaceMobile will report first-quarter results Monday following a 14.8% surge in shares Friday, as investors watch for updates after last month’s BlueBird 7 launch failure. The FCC recently cleared AST to deploy a 248-satellite constellation for direct-to-device service in the U.S. The company plans to launch three more BlueBird satellites in June aboard SpaceX’s Falcon 9. Analysts expect a first-quarter loss of 23 cents per share on $39 million revenue.
10 May 2026
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Why Hut 8 Stock Is Suddenly a $9.8 Billion AI Data Center Bet

Why Hut 8 Stock Is Suddenly a $9.8 Billion AI Data Center Bet

Hut 8 shares closed at $98.46 Friday, down $2.81, after announcing a $9.8 billion, 15-year Texas data center lease with a major tech firm. Rosenblatt and other brokerages raised targets on the stock, citing the shift from crypto mining to AI infrastructure. First-quarter revenue rose to $71 million, but net loss widened to $253.1 million due to digital-asset losses. Initial delivery at Beacon Point is expected in Q3 2027.
10 May 2026
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Samsung Electronics Strike Showdown: AI Chip Boom Faces Crucial 48-Hour Test

Samsung Electronics Strike Showdown: AI Chip Boom Faces Crucial 48-Hour Test

Samsung Electronics faces two days of government-backed wage mediation starting Monday, with its union threatening an 18-day strike from May 21 if no deal is reached. The union wants bonuses tied to 15% of operating profit, while shareholders warn against a strike-influenced settlement. Samsung just posted record Q1 revenue of 133.9 trillion won and 57.2 trillion won in operating profit.
10 May 2026
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Nokia Stock Bounces Back, But Its AI Rally Now Faces a Harder Test

Nokia Stock Bounces Back, But Its AI Rally Now Faces a Harder Test

Nokia’s U.S. shares rose 3.81% Friday, rebounding after a 6.37% drop Thursday, with Helsinki shares up 3.79%. The gains followed a first-quarter earnings beat driven by a 49% jump in AI and cloud customer sales. Nokia’s ADRs closed at $12.82, below the May 5 high of $13.98. The company kept its full-year profit target and raised 2026 growth expectations for its Network Infrastructure unit.
10 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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