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Technology 6 May 2026 - 7 May 2026

Lumen Technologies Stock Slides As $1 Billion Debt Deal Tests Its Alkira AI Bet

Lumen Technologies Stock Slides As $1 Billion Debt Deal Tests Its Alkira AI Bet

Lumen Technologies shares dropped 13% after its Level 3 unit priced $1 billion in 7.5% senior notes due 2037, raising concerns about its debt. First-quarter revenue fell 9% to $2.9 billion, with adjusted loss widening to 47 cents a share. Lumen agreed to buy Alkira for $475 million in cash. Long-term debt stood at $12.96 billion as of March 31, down from $17.44 billion at 2025’s end.
Unity Software Stock Swings as AI Ad Engine Lifts Revenue, But $279 Million Charge Deepens Loss

Unity Software Stock Swings as AI Ad Engine Lifts Revenue, But $279 Million Charge Deepens Loss

Unity Software reported a 17% jump in first-quarter revenue to $508.2 million, but a $279 million impairment charge drove its net loss to $347 million. Shares fell 1.8% midday. Adjusted EBITDA rose to $138 million, and free cash flow climbed to $66 million. CEO Matt Bromberg said AI-driven ad system Vector saw revenue rise 80% year over year.
DocuSign Adds Redis CEO to Board as AI Contract Push Faces Bigger Test

DocuSign Adds Redis CEO to Board as AI Contract Push Faces Bigger Test

Docusign appointed Redis CEO Rowan Trollope to its board, effective May 2, according to a regulatory filing Wednesday. Shares rose 4.1% to $48.43 after the announcement. Trollope, 53, fills a Class III director seat expiring in 2027. The move comes as Docusign expands into contract-management software beyond e-signatures.
Why Himax Technologies Stock Is Surging: Q2 Guidance, Dividend and AI Glasses Bets

Why Himax Technologies Stock Is Surging: Q2 Guidance, Dividend and AI Glasses Bets

Himax Technologies shares surged over 30% in U.S. trading Thursday after the company forecast a second-quarter rebound and declared a cash dividend. First-quarter revenue reached $199 million, down 2% from the prior quarter but at the top end of guidance. Himax expects Q2 revenue to rise 10–13%, with gross margin near 32%. Automotive chip sales and WiseEye AI for smart glasses drove investor focus.
Qualcomm Stock Surges as AI Chip Bet Puts a Cheap Valuation Back in Play

Qualcomm Stock Surges as AI Chip Bet Puts a Cheap Valuation Back in Play

Qualcomm shares surged 11% to $213.93 Thursday after the company disclosed a leading hyperscaler will receive its custom AI chips later this year. The stock touched $223.58 intraday, lifting its market value to $229 billion. Fiscal Q2 revenue reached $10.6 billion, with $5.4 billion in share buybacks so far in 2026. Investors debated whether Qualcomm remains undervalued as AI chip demand grows.
BlackBerry Stock Has a New Test: Can QNX Carry the AI Robotics Bet?

BlackBerry Stock Has a New Test: Can QNX Carry the AI Robotics Bet?

BlackBerry’s QNX unit will demonstrate its real-time operating system for AI-enabled robots, medical devices, and factory automation at the Robotics Summit in Boston on May 27-28. QNX reported a 20% revenue jump to $78.7 million last quarter, with a royalty backlog of $950 million. BlackBerry shares recently traded at $5.91, down 1.3% in early New York trading.
Snowflake Stock Just Jumped. Now Comes the AI Test Wall Street Won’t Ignore

Snowflake Stock Just Jumped. Now Comes the AI Test Wall Street Won’t Ignore

Snowflake shares rose about 10% Thursday to $153.21 amid a sector rally sparked by Datadog’s raised outlook. The stock remains down 35% for the year, with investors watching AI-driven demand ahead of Snowflake’s next earnings report. Datadog shares jumped 29% after reporting $1.01 billion in Q1 revenue. Snowflake last posted 30% product revenue growth and guided for 27% growth in the coming quarter.
Micron Stock Gets $740 AI Call as Mizuho Lifts Western Digital, SanDisk Bets

Micron Stock Gets $740 AI Call as Mizuho Lifts Western Digital, SanDisk Bets

Mizuho Securities raised price targets for Micron Technology to $740 and Western Digital to $550, citing surging AI-driven memory demand. Micron shares rose 4.2% premarket to $666.59, Western Digital gained 3.8% to $483.15. Analyst Vijay Rakesh projected Micron HBM revenue to reach $35.7 billion by 2028. Micron began shipping a 245-terabyte SSD for AI and cloud workloads.
Snap Stock Slides After Q1 Revenue Jump As Perplexity Deal Ends And Guidance Stays Cautious

Snap Stock Slides After Q1 Revenue Jump As Perplexity Deal Ends And Guidance Stays Cautious

Snap Inc. reported first-quarter revenue up 12% to $1.53 billion and daily active users rising to 483 million, but shares fell 5% in late trading after a cautious second-quarter forecast and the end of its $400 million Perplexity AI deal. Net loss narrowed to $89 million. North America user numbers and revenue growth remained weak. The company cited Middle East uncertainty as a near-term drag.
Dell Technologies Stock Jumps As AI Server Rally And Texas Move Put June Vote In Focus

Dell Technologies Stock Jumps As AI Server Rally And Texas Move Put June Vote In Focus

Dell shares rose about 10% Wednesday, reaching $238.84, as demand for AI servers boosted the stock. The company will ask shareholders to approve moving its legal home from Delaware to Texas at its June 25 annual meeting. Michael Dell and Silver Lake hold enough voting power to influence the outcome. Dell’s market value stood at roughly $158.3 billion in afternoon trading.
CDW Corporation Stock Plunges 20% After Revenue Beat Exposes AI Margin Squeeze

CDW Corporation Stock Plunges 20% After Revenue Beat Exposes AI Margin Squeeze

CDW shares fell 19.5% intraday after first-quarter gross margin dropped to 21.0% from 21.6%, despite net sales rising 9.2% to $5.68 billion. Adjusted earnings of $2.28 per share missed analysts’ estimates by one cent. Investors focused on a shift toward lower-margin hardware sales. The stock traded at $110.11, down $26.69 from Tuesday’s close.
Klaviyo Stock Plunges Nearly 30% After Q1 Beat as CFO Exit Clouds 2026 Outlook

Klaviyo Stock Plunges Nearly 30% After Q1 Beat as CFO Exit Clouds 2026 Outlook

Klaviyo shares plunged about 30% Wednesday after CFO Amanda Whalen announced plans to step down later this year, despite the company beating first-quarter estimates and raising its 2026 revenue outlook. The stock traded near $16.33 by midday. The company forecast slower Q2 growth and lower margins, prompting Stifel to cut its price target. Whalen will stay through August 21 before moving to an advisory role.
QUALCOMM Incorporated Stock Nears $200 as AI Data-Center Bet Drives QCOM Rally

QUALCOMM Incorporated Stock Nears $200 as AI Data-Center Bet Drives QCOM Rally

Qualcomm shares rose 1.8% to $189.83 Wednesday after hitting $200.34, boosted by investor interest in AI data-center chips and a custom silicon deal with a major cloud operator. Fiscal Q2 revenue reached $10.6 billion, with handset sales down 13% but automotive revenue up 38%. CEO Cristiano Amon declined to name the cloud customer, saying shipments begin later this year.
Why POET Technologies Stock Is Back in the Spotlight After Marvell Order Shock

Why POET Technologies Stock Is Back in the Spotlight After Marvell Order Shock

Investor-rights law firms increased notices Wednesday over a securities class action against POET Technologies after Marvell Semiconductor canceled all Celestial AI-related orders. The lawsuit names CEO Suresh Venkatesan and CFO Thomas Mika and alleges misrepresentations on tax status and business agreements. POET shares traded at $9.385 on Nasdaq, up 17.5 cents. The lead-plaintiff deadline is June 29.
Arm Stock Surges Before Earnings as AI Server CPU Bet Faces Wall Street Test

Arm Stock Surges Before Earnings as AI Server CPU Bet Faces Wall Street Test

Arm Holdings’ U.S. shares jumped 11% to $231.42 Wednesday before its fiscal Q4 results, lifted by optimism around AI infrastructure and AMD’s strong outlook. Wall Street expects Arm to post $1.47 billion in revenue and 59 cents EPS. UBS raised its price target to $245, citing server CPU market growth. Arm will report after the U.S. close and host a webcast at 22:00 BST.
IonQ Earnings Today: $500 Stock Talk Meets a Quantum Reality Check

IonQ Earnings Today: $500 Stock Talk Meets a Quantum Reality Check

IonQ will report first-quarter results after the market closes Wednesday, with analysts expecting revenue of $49.8 million and a loss of 46 cents per share. Shares rose 2.6% to $49.26 in morning trading, valuing the company at $14.5 billion. IonQ’s $1.8 billion SkyWater Technology acquisition remains pending regulatory and shareholder approval. The company launched a commercial InSAR satellite radar product on Monday.
Intel Stock Rally Faces Its Biggest AI Test Yet as Apple Talks and AMD Forecast Lift Chips

Intel Stock Rally Faces Its Biggest AI Test Yet as Apple Talks and AMD Forecast Lift Chips

Intel shares jumped 6% in U.S. premarket trading Wednesday after AMD raised its server CPU growth forecast and reported a 57% surge in data-center revenue. Apple has held early talks with Intel and Samsung about making device processors in the U.S., Bloomberg reported. Intel’s Q1 revenue rose 7% to $13.6 billion, with its Data Center and AI unit up 22%.
Netflix Stock Just Fell Under $90 — Reed Hastings’ $38 Million Sale Is Only Part of the Story

Netflix Stock Just Fell Under $90 — Reed Hastings’ $38 Million Sale Is Only Part of the Story

Netflix shares fell 3.4% to $87.57 Tuesday after co-founder Reed Hastings disclosed a major insider sale ahead of his planned board departure in June. The stock traded below $88 in pre-market Wednesday, pressured by a weak second-quarter outlook and ongoing investor concerns. Hastings sold 407,550 shares on May 1, according to an SEC filing. Competition from Paramount and Disney continues to intensify.
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Stock Market Today

  • Cotton Futures Slide Amid Rising Crude Oil and Market Movements
    June 25, 2026, 9:52 AM EDT. Cotton futures fell by 46 to 55 points in mid-Wednesday trading, with December 2025 contracts down 54 points at 63.88 cents per pound. The US dollar index softened to 98.630 as crude oil prices rose $1.44 per barrel. The Seam's Tuesday auction sold 1,563 bales averaging 60.99 cents per pound. The Cotlook A Index declined 5 points to 75.60 cents on October 21. ICE certified cotton stocks increased by 800 bales, totaling 17,552 bales. The government shutdown has suspended reports on the Adjusted World Price (AWP). These movements reflect supply and demand dynamics amid broader commodity market shifts.

Latest News

JPMorgan CEO search focuses on two divisions behind 85% of Q1 net

JPMorgan CEO search focuses on two divisions behind 85% of Q1 net

25 June 2026
JPMorgan Chase named Doug Petno and Troy Rohrbaugh co-presidents, giving them oversight of units generating 85% of Q1 net income; the board approved $100 million in retention RSUs for four top executives with a 12% ROTCE hurdle, and plans to raise the dividend and launch a $50 billion buyback, with shares quoted at $333.45 before the U.S. open.
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