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Technology 8 May 2026

Cisco Systems Stock Jumps Before Q3 Earnings as AI Orders Face a Big Test

Cisco Systems Stock Jumps Before Q3 Earnings as AI Orders Face a Big Test

Cisco shares jumped 4.7% to $96.52 Friday, nearing a record ahead of its fiscal third-quarter earnings report due May 13. Analysts expect adjusted earnings of $1.04 per share on $15.56 billion in revenue. The company last posted $15.3 billion in revenue, citing $2.1 billion in AI infrastructure orders. CEO Chuck Robbins and CFO Mark Patterson will attend investor events through June.
8 May 2026
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Chip Stocks Roar Back: Why SMH, SOXX, EWT, EWY And Eaton Are Back In Focus

Chip Stocks Roar Back: Why SMH, SOXX, EWT, EWY And Eaton Are Back In Focus

The Philadelphia Semiconductor Index jumped nearly 5% Friday, driving AI-linked ETFs higher and sending the S&P 500 and Nasdaq to record closes. Nvidia advanced, while Micron and Sandisk rallied about 12%. Taiwan and South Korea chip ETFs also gained, with EWY up 7.4%. Eaton reported Q1 sales of $7.5 billion, up 17%, and raised its 2026 growth outlook.
8 May 2026
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DXC Technology Stock Plunges After Earnings as 2027 Outlook Clouds AI Turnaround

DXC Technology Stock Plunges After Earnings as 2027 Outlook Clouds AI Turnaround

DXC Technology shares fell 23% to $9.20 after forecasting another year of organic revenue declines and reporting a GAAP loss of 84 cents per share for the fiscal fourth quarter. Revenue dropped 1.2% to $3.13 billion, with organic revenue down 6.6%. Bookings fell 14% from a year earlier. Management cited weak demand for short-term project work, especially in Global Infrastructure Services.
8 May 2026
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nLIGHT Stock Jumps as Defense Laser Sales Drive 55% Revenue Surge

nLIGHT Stock Jumps as Defense Laser Sales Drive 55% Revenue Surge

nLIGHT Inc shares jumped 10.3% to $72.98 Friday after reporting a 55.2% surge in Q1 revenue to $80.2 million and a swing to a $645,000 profit, driven by record defense sales. Aerospace and defense accounted for $55.1 million, or nearly 69% of total revenue. The company launched its HADES high-energy laser system for military use. Cash holdings rose to $298.2 million after a February stock offering.
8 May 2026
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SanDisk Stock Bounced Back Fast—Here’s Why Wall Street Is Still Chasing AI Memory

SanDisk Stock Bounced Back Fast—Here’s Why Wall Street Is Still Chasing AI Memory

Sandisk shares surged 11.7% to $1,497 Friday, rebounding from a sharp drop after concerns over short-term NAND demand. The company reported third-quarter revenue up 251% year-over-year to $5.95 billion and signed contracts guaranteeing $42 billion in future revenue. Investors cited ongoing tight supply for AI memory chips. The stock touched an intraday high of $1,528.
8 May 2026
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Intuit Inc. Expands Credit Karma and QuickBooks AI Push as INTU Stock Slips

Intuit Inc. Expands Credit Karma and QuickBooks AI Push as INTU Stock Slips

Intuit’s Credit Karma opened its platform to Americans with no credit history, targeting about 17 million “credit invisible” adults. Shares fell 4.4% to $388.85 Friday morning after the move and the launch of a new QuickBooks workforce product. Intuit reports fiscal Q3 results May 20, following a quarter that included the peak U.S. tax season.
8 May 2026
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Eaton Stock Rebounds After AI Data-Center Orders Surge, But Margin Worries Still Bite

Eaton Stock Rebounds After AI Data-Center Orders Surge, But Margin Worries Still Bite

Eaton shares rose 1.3% to $404.44 in early New York trading Friday after a 5.3% drop the previous session. The company reported record Q1 sales of $7.5 billion and a 240% surge in data-center orders, but segment margins fell to 22.7%. Eaton raised its 2026 organic growth outlook to 9%-11%. KeyBanc lifted its price target to $480, citing strong electrical demand.
8 May 2026
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Cloudflare AI Layoffs Hit 1,100 Jobs After Q1 Earnings Beat; Stock Slides

Cloudflare AI Layoffs Hit 1,100 Jobs After Q1 Earnings Beat; Stock Slides

Cloudflare will cut over 1,100 jobs, or about 20% of staff, as it shifts operations toward AI, incurring up to $150 million in related charges. Shares fell 19% after its second-quarter revenue forecast missed estimates, despite a 34% rise in first-quarter revenue to $639.8 million. Departing staff will receive base pay through 2026 and extended benefits. AI use inside Cloudflare has surged more than 600% in three months.
8 May 2026
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Fidelity Layoffs 2026: 800 Jobs Cut As Boston Firm Rebuilds Tech Teams And Hires Thousands

Fidelity Layoffs 2026: 800 Jobs Cut As Boston Firm Rebuilds Tech Teams And Hires Thousands

Fidelity Investments will cut about 800 jobs, or 1% of its global workforce, as it restructures technology and product-delivery teams. The company plans to hire around 5,300 workers this year, including 2,000 early-career employees. The shift comes days after Fidelity ordered thousands of staff in Boston and other offices to return to the office five days a week starting in September.
8 May 2026
CoreWeave Stock Drops as $99 Billion AI Backlog Runs Into Bigger Spending Bill

CoreWeave Stock Drops as $99 Billion AI Backlog Runs Into Bigger Spending Bill

CoreWeave shares dropped about 7% in pre-market trading after the company forecast second-quarter revenue below analyst expectations and raised its 2026 spending outlook. First-quarter revenue more than doubled to $2.078 billion, but net loss widened to $740 million. The company reported a revenue backlog of $99.4 billion as of March 31. CoreWeave recently announced major deals with Meta, Jane Street, and Anthropic.
8 May 2026
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HubSpot Stock Drops After Q1 Beat as AI Sales Shift Tests Wall Street

HubSpot Stock Drops After Q1 Beat as AI Sales Shift Tests Wall Street

HubSpot’s first-quarter revenue rose 23% to $881 million, beating estimates, but shares fell 11.9% after the company warned of a slow start to the second quarter and longer sales cycles tied to new AI-based pricing. Net income reached $32.6 million, reversing a year-ago loss. Customer count climbed 16% to 299,458. HubSpot forecast second-quarter revenue of up to $898 million.
8 May 2026
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Baidu Shares Jump as AI Chip Unit Kunlunxin Pushes Dual IPO Plan

Baidu Shares Jump as AI Chip Unit Kunlunxin Pushes Dual IPO Plan

Kunlunxin, Baidu’s AI chip unit, has started the process for a Shanghai STAR Market IPO while maintaining plans for a Hong Kong listing. Baidu’s Hong Kong shares rose 5.75% after the news. The move comes as Chinese investors seek domestic AI chipmakers amid U.S. export curbs. Kunlunxin signed a pre-IPO tutoring agreement with China International Capital Corp on April 29.
8 May 2026
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Datadog’s $1 Billion AI Quarter Sends Stock Flying

Datadog’s $1 Billion AI Quarter Sends Stock Flying

Datadog reported first-quarter revenue above $1 billion for the first time, up 32% to $1.006 billion, and raised its 2026 sales forecast to as much as $4.34 billion. Shares jumped $45.02 to $188.73. The company said it had 4,550 large customers at the end of March, up 21% from a year earlier. Datadog also launched GPU Monitoring and secured FedRAMP High certification for its government product.
8 May 2026
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Cloudflare AI Layoffs: 1,100 Jobs Cut as Shares Fall After Forecast Miss

Cloudflare AI Layoffs: 1,100 Jobs Cut as Shares Fall After Forecast Miss

Cloudflare will cut over 1,100 jobs, about 20% of its staff, as it shifts to an AI-first model. Shares dropped more than 13% after its second-quarter revenue forecast missed Wall Street estimates. The company expects up to $150 million in charges from the restructuring, mostly in the second quarter. First-quarter revenue rose 34% to $639.8 million, with net loss narrowing to $22.9 million.
8 May 2026
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Applied Optoelectronics Stock Slides After Q1 Revenue Miss: AI Optics Boom Faces Wall Street Test

Applied Optoelectronics Stock Slides After Q1 Revenue Miss: AI Optics Boom Faces Wall Street Test

Applied Optoelectronics shares dropped over 10% in post-market trading Thursday after first-quarter revenue and second-quarter guidance missed analyst estimates. Quarterly revenue rose 51% to $151.1 million, but the company posted a GAAP net loss of $14.3 million. Data-center revenue more than doubled to $81.4 million. The company completed its first volume shipment of 800G products to a hyperscale customer.
8 May 2026
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Stock Market Today

  • Qualcomm Stock Jumps 13% on $40 Billion Revenue Forecast and AI Chip Launch
    June 25, 2026, 8:31 AM EDT. Qualcomm (QCOM) shares surged 13% after the chipmaker announced a revised $40 billion non-handset revenue target for fiscal 2029, up from $22 billion. The firm unveiled the Dragonfly C1000, a data center CPU tailored for agentic AI workloads, with Meta committed to production starting in 2028. Qualcomm also raised its adjusted earnings per share forecast to over $18, surpassing analyst estimates of $15.26. The company expanded its automotive revenue target to $10 billion and secured multiple custom chip deals with major cloud providers, leveraging its power-efficient chip expertise. This boost in diversification beyond smartphones has fueled investor optimism about Qualcomm's future growth and position in the evolving AI and data center markets.

Latest News

Microsoft (NASDAQ:MSFT) stock drops as AI payback takes time

Microsoft (NASDAQ:MSFT) stock drops as AI payback takes time

25 June 2026
Microsoft shares plunged 24% year-to-date, hitting their worst first half since 2000, as investors weigh a $386.6 billion capex and datacenter lease burden—10.4 times its $37 billion AI revenue run rate—against surging third-quarter sales and EU regulatory threats, even as the stock trades at its lowest forward earnings multiple since 2016.
Autozi premarket gains skid past dilution signs from $35 million raise

Autozi premarket gains skid past dilution signs from $35 million raise

25 June 2026
Autozi (NASDAQ:AZI) soared 75.4% premarket after announcing plans to raise up to $35.25 million—nearly 81% of its current liabilities—through a $30 million share sale at $0.60 (47% below Wednesday’s close) and $5.25 million in convertible notes, massively diluting existing shareholders as the company faces steep losses, low cash, and a Nasdaq compliance deadline.
Corning keeps dividend flat as AI fiber demand drives GLW valuation

Corning keeps dividend flat as AI fiber demand drives GLW valuation

25 June 2026
Corning surged 6.1% to $205.83 after announcing another $0.28 quarterly dividend, but with a yield of just 0.54% and a P/E near 99, the stock’s recent gains reflect investor bets on growth from AI-driven optical and solar sales, not income, as Wall Street targets cluster around current levels ahead of the Q2 report.
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