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Technology 29 May 2026 - 30 May 2026

SLB Stock Drops From 52-Week High as Traders Eye AI Deal

SLB Stock Drops From 52-Week High as Traders Eye AI Deal

SLB shares closed at $54.55 Friday, down 1% and marking a third straight loss after hitting a 52-week high of $58.82 earlier in the week. The company agreed to acquire software firm Tachyus and expanded its digital partnership with Vår Energi. Oilfield-services stocks, including Halliburton and Baker Hughes, also declined. Investors remain focused on oil prices and Middle East risks.
30 May 2026
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Ciena drops 13% after earnings surprise as AI network demand meets mixed market reaction

Ciena drops 13% after earnings surprise as AI network demand meets mixed market reaction

Ciena shares closed Friday at $580.23, down 0.6% for the week ahead of its June 4 earnings release. Options imply a 13% swing on results, with analysts forecasting Q2 EPS of $1.45 on $1.5 billion revenue. The stock is up over 140% in 2024, driven by AI data center demand. Morgan Stanley kept its Equalweight rating, citing possible margin pressure despite strong sales.
30 May 2026
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Accenture Shares Pop; AI Spending Still in Focus

Accenture Shares Pop; AI Spending Still in Focus

Accenture shares surged 4.86% Friday to $187.07 on heavy volume, capping a 4.37% weekly gain after a recent slump. The stock remains down 29.27% for 2026 and sits 41.86% below its 52-week high. Accenture and Mitsubishi Chemical launched a Tokyo joint venture focused on AI, with 255 staff and Mitsubishi holding 81%. CEO Julie Sweet reported $18 billion in revenue and $22.1 billion in bookings for the latest period.
30 May 2026
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Rivian Shares Pop as R2 Launch Nears

Rivian Shares Pop as R2 Launch Nears

Rivian shares closed Friday at $16.30, up 7.24%, capping a 14.6% gain for the week. U.S. safety officials opened a preliminary investigation into over 114,000 Rivian R1S and R1T vehicles for possible rear toe-link issues. Rivian will begin R2 order invitations, customer deliveries, and demo rides on June 9. Trading resumes Monday after the holiday-shortened week.
30 May 2026
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Ambarella Drops on $800 Million AI Deal News

Ambarella Drops on $800 Million AI Deal News

Ambarella shares fell 21% to $72.18 after quarterly results and outlook failed to ease investor concerns. The company reported Q1 revenue of $100.4 million and a GAAP net loss of $18.1 million, narrowing losses from a year ago. Ambarella announced a long-term Hanwha partnership valued at over $800 million. The broader market was steady as Ambarella slumped.
30 May 2026
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Super Micro Gains With Dell, But Another Hurdle Awaits

Super Micro Gains With Dell, But Another Hurdle Awaits

Super Micro Computer shares surged 11.6% to $46.09 Friday after Dell raised its AI-server revenue outlook and reported $16.1 billion in quarterly AI-server sales. Trading volume for Super Micro topped 93 million shares, with an intraday high of $48.28. Taiwanese prosecutors are investigating alleged illegal exports of Super Micro servers with Nvidia chips. Super Micro was not charged in a separate U.S. smuggling case.
30 May 2026
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Ford gets fresh boost as power-grid trade heats up

Ford gets fresh boost as power-grid trade heats up

Ford shares jumped 4.74% to close at $17.44 Friday, hitting a 52-week high of $17.78, with over 154 million shares traded. BofA Securities raised its price target to $20, citing Ford’s push into battery energy storage. Ford Energy signed a five-year deal with EDF to supply up to 20 GWh of storage systems starting in 2028. New U.S.-Mexico trade talks and stricter USMCA rules emerged as risks.
30 May 2026
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Virgin Galactic Shares Jump 36% With Traders Eyeing Test Flight

Virgin Galactic Shares Jump 36% With Traders Eyeing Test Flight

Virgin Galactic shares surged 36.42% to $6.18 on record volume after announcing VSS Unity glide flights in New Mexico. The company raised $11 million this quarter through an at-the-market share sale and reported $251 million in cash at March 31. A federal court gave initial approval to settle shareholder lawsuits for $2.75 million. Virgin Galactic plans new spaceship tests in Q3 and a research flight in 2027.
30 May 2026
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Ondas Wins $110 Million Order, but Share Overhang Lingers

Ondas Wins $110 Million Order, but Share Overhang Lingers

Ondas Inc. reported over $30 million in new orders for May, raising its Q2 total above $110 million. Shares closed after-hours near $13.22 after trading between $11.62 and $13.48 on volume of 141.9 million. New filings showed increased share activity tied to acquisitions and incentive plans. Shareholders approved raising authorized shares to 1.2 billion and expanded the stock incentive plan.
30 May 2026
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Amazon Drops With S&P 500 at Record as $6 Billion AWS Deal Draws Focus

Amazon Drops With S&P 500 at Record as $6 Billion AWS Deal Draws Focus

Amazon.com fell 1.2% to $270.64 late Friday, missing Wall Street’s record highs despite a new AWS deal with Snowflake. Snowflake shares soared over 33% after announcing a $6 billion, five-year agreement with AWS and raising its revenue outlook. Amazon’s market cap stood near $2.94 trillion, while Microsoft gained 5.4% and Alphabet dropped 2.5%. Amazon’s free cash flow slipped to $1.2 billion after heavy AI-related spending.
29 May 2026
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Palo Alto Networks Reaches All-Time High Ahead of Results as AI Security Rally Drives Wall Street

Palo Alto Networks Reaches All-Time High Ahead of Results as AI Security Rally Drives Wall Street

Palo Alto Networks shares surged 9.3% to a record $281.69 Friday, with trading volume doubling ahead of third-quarter earnings set for June 2. The company closed its Portkey acquisition and joined a new NATO cyber partnership this week. Several analysts raised their price targets, citing AI-linked growth and strong subscription revenue. Other cybersecurity stocks also rallied, including CrowdStrike and Fortinet.
29 May 2026
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POET Technologies Tumbles Again as $400 Million AI Optics Push Hits Another Setback

POET Technologies Tumbles Again as $400 Million AI Optics Push Hits Another Setback

POET Technologies shares fell 7.3% Friday, closing at $12.29 on Nasdaq and slipping further after hours. The drop follows a $400 million direct offering earlier this month, with shares now down 41% from the $21 deal price. Q1 revenue was $503,389 against a $12.3 million net loss. Legal action continues after Marvell canceled Celestial AI-related orders, citing confidentiality issues.
29 May 2026
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Snap Slides, With Key Challenge Ahead for Comeback

Snap Slides, With Key Challenge Ahead for Comeback

Snap Inc. shares fell nearly 2% to $5.80 late Friday, underperforming the broader market as ad growth remained sluggish. First-quarter revenue rose 12% to $1.53 billion, but advertising revenue increased just 3%. Snap reported 483 million daily active users. Trading volume was below average, and the stock stayed well under its 52-week high.
29 May 2026
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Coherent Drops 6.6%, AI Optics Demand Gets Tested

Coherent Drops 6.6%, AI Optics Demand Gets Tested

Coherent Corp. shares fell 6.6% to around $352 on Friday, despite no new company news and a rising broader market. The stock had closed at $376.95 on Thursday and touched $343.51 during the session. Lumentum dropped 2.3%, while Ciena was little changed. Coherent reported Q3 revenue of $1.81 billion, up 21% from last year, and forecasted Q4 revenue of $1.91–$2.05 billion.
29 May 2026
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Stock Market Today

  • Significant Outflows Hit iShares U.S. Thematic Rotation Active ETF and 21Shares Crypto ETF
    June 4, 2026, 11:27 AM EDT. iShares U.S. Thematic Rotation Active ETF (THRO) experienced a sharp 24.4% drop in outstanding units, losing 50.24 million units in the past week. Major holdings like Apple saw a 0.3% gain while Nvidia declined 0.8% during morning trade. The 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) faced the largest percentage outflow, with outstanding units down 40% after losing 40,000 units week over week. Its largest holding, the 21Shares Ethereum ETF, fell 1.2% in trading. These outflows highlight investor shifts in thematic equity and crypto-focused ETFs amid mixed underlying asset performance.

Latest articles

BitMine 9.5% Yield Move Brings Ether Treasury Into Focus

BitMine 9.5% Yield Move Brings Ether Treasury Into Focus

4 June 2026
BitMine Immersion Technologies shares rose after launching a 9.50% Series A Perpetual Preferred Stock offering, testing investor appetite for high-yield crypto treasury equity as ETH prices fall; the company warned it may lack cash to pay dividends if ether weakens further, risking dilution or asset sales.
Dow Rallies, Nasdaq Lags as AI Slump Drags Tech Shares

Dow Rallies, Nasdaq Lags as AI Slump Drags Tech Shares

4 June 2026
Dow surges 748 points as investors rotate out of AI and chip stocks after Broadcom’s 15% plunge on a revenue miss, while health-care and financial shares rally; S&P 500 dips 0.10%, Nasdaq falls 0.78%, and oil drops nearly 3% as traders await Friday’s jobs report for the next market catalyst.
Dow climbs as top AI stocks pause

Dow climbs as top AI stocks pause

4 June 2026
Broadcom shares plunged 15% after missing revenue expectations and holding its AI-chip sales forecast steady, dragging the Nasdaq lower and sparking a selloff in chip stocks, as investors reassessed sky-high expectations for AI demand that had fueled the market’s recent rally.
CXApp Stock Rockets After Tiny AI Firm Buys EngineRoom—The 75% Move Explained

CXApp Stock Rockets After Tiny AI Firm Buys EngineRoom—The 75% Move Explained

4 June 2026
CXApp shares soared about 75% in heavy Nasdaq trading after announcing its $4.6 million EngineRoom acquisition, expected to boost annualized revenue run-rate to over $12 million from $4 million; a June 3 filing also revealed CXApp issued 12.3 million shares to Avondale Capital, raising dilution concerns for investors.
Micron Drops as AI Memory Stocks Take a Hit

Micron Drops as AI Memory Stocks Take a Hit

4 June 2026
Micron Technology plunged 8.3% to $989.46 after a chip-sector selloff triggered by Broadcom’s revenue miss, but analysts say the memory-chip shortage could last years, with Morgan Stanley raising its target to $1,050; risks remain as Raymond James warns DRAM and NAND prices may peak mid-2026, and supply chain groups caution AI data centers are straining chip availability.
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