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Technology 29 May 2026

Rivian shares rise as company announces R2 SUV launch date

Rivian shares rise as company announces R2 SUV launch date

Rivian shares rose 7.6% to $16.36 by midday Friday after the company set June 9 for its first R2 SUV customer event. Trading volume reached 24.3 million shares. Rivian expects to deliver up to 25,000 R2s by year-end and reported $1.381 billion in first-quarter revenue. U.S. regulators opened a preliminary probe into 114,922 R1S and R1T vehicles over a possible suspension defect.
29 May 2026
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Vanguard VGT split points to the AI trade’s top play

Vanguard VGT split points to the AI trade’s top play

Vanguard’s Information Technology ETF (VGT) has nearly doubled the post-split returns of Vanguard’s larger growth funds since April 21. VGT’s top holdings—Nvidia, Apple, and Microsoft—make up over 40% of its portfolio. The ETF traded at $120.68 late Friday morning in New York, outpacing VUG at $89.51 and MGK at $91.16. Investors continue to buy into AI hardware and software plays.
29 May 2026
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IREN Shares Slide, Bringing Dell AI Deal and $4.4 Billion Test Into Focus

IREN Shares Slide, Bringing Dell AI Deal and $4.4 Billion Test Into Focus

IREN Limited shares fell 1.5% to $63.08 Friday, underperforming the Nasdaq-100. The company announced a $1.6 billion deal to buy Nvidia Blackwell systems from Dell, aiming to boost annualized revenue to $4.4 billion, though not all of that is under contract. IREN posted a Q3 net loss of $247.8 million as revenue dropped to $144.8 million. Goldman Sachs raised its price target to $50 but kept a Neutral rating.
29 May 2026
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Micron (MU) stock falls 6% as oil shock rattles tech, even after new 256GB server-memory samples

Micron rises with AI memory but faces new push from Samsung

Micron shares jumped 4.6% to $966.24 Friday morning, lifting its market value above $1.1 trillion. The rally followed analyst price-target hikes and strong demand for high-bandwidth memory used in AI. Samsung shipped samples of its new HBM4E chips, introducing fresh competition in the AI memory market. Micron’s revenue in its latest quarter surged to $23.86 billion from $8.05 billion a year earlier.
29 May 2026
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HP Shares Jump on AI PC Demand, But Costs Are a Drag

HP Shares Jump on AI PC Demand, But Costs Are a Drag

HP shares rose to $26.98 in early New York trading Friday after the company beat quarterly revenue and profit forecasts, with AI PCs making up 44% of shipments last quarter. Fiscal Q2 net revenue climbed 9% to $14.4 billion, driven by a 13% jump in PC business revenue. HP cut its fiscal 2026 adjusted EPS outlook and warned of rising memory-chip costs. The stock outperformed major tech indexes.
29 May 2026
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Okta Shares Climb 20% as Investors Revalue AI Identity Push

Okta Shares Climb 20% as Investors Revalue AI Identity Push

Okta shares jumped nearly 20% Friday after the company beat first-quarter earnings and revenue forecasts, posting adjusted earnings of 91 cents per share on $765 million in revenue. Analysts at RBC, BMO Capital, and Mizuho raised their price targets following the results. Okta’s current remaining performance obligations rose 12%, and free cash flow reached $271 million. The company now projects second-quarter revenue of $790 million to $794 million.
29 May 2026
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SentinelOne Drops Premarket as AI Job Cuts Hit

SentinelOne Drops Premarket as AI Job Cuts Hit

SentinelOne shares fell nearly 20% premarket Friday after the company issued second-quarter revenue guidance below analyst estimates and announced plans to cut about 8% of its workforce. First-quarter revenue rose 21% to $277 million, missing expectations by $0.6 million. The company expects a $25 million restructuring charge, mostly for severance and stock compensation. Investors focused on weaker guidance despite a first-quarter earnings beat.
29 May 2026
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PRF Technologies Shares Surge in Early Trade on DeepSolar Speculation

PRF Technologies Shares Surge in Early Trade on DeepSolar Speculation

PRF Technologies shares surged 235% to $4.59 in premarket U.S. trading Friday after the company announced progress toward a commercial launch of its DeepSolar Predict AI platform for renewable-energy operators. PRFX closed Thursday at $1.37 with a market cap near $1.2 million. The company remains thinly capitalized, with recent SEC filings warning of potential dilution. PRF is also developing PRF-110, a non-opioid pain drug.
29 May 2026
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HPE shares jump ahead of earnings after Dell’s AI server surge

HPE shares jump ahead of earnings after Dell’s AI server surge

Hewlett Packard Enterprise shares surged 23.5% premarket Friday after Dell raised its annual AI-server revenue outlook, citing strong demand for Nvidia-powered systems. HPE will report fiscal second-quarter results after the close on June 1. Investors are watching for signs HPE can match Dell’s order flow while maintaining margins in its Cloud & AI and networking units. Super Micro Computer shares also rose 10.7% premarket.
29 May 2026
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Archer Aviation Shares Edge in Premarket as Cash Concerns Weigh on Air-Taxi Plans

Archer Aviation Shares Edge in Premarket as Cash Concerns Weigh on Air-Taxi Plans

Archer Aviation traded at $6.80 premarket Friday, nearly unchanged from Thursday’s $6.81 close after a 3.97% session gain. The company posted a first-quarter net loss of $217.7 million on $1.6 million revenue. Archer said it completed Phase 3 of FAA type certification and expects to begin U.S. operations this year. Other electric-aircraft stocks also rose in early trading.
29 May 2026
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Oracle Shares Rebound, Eyes on AI Cloud Performance

Oracle Shares Rebound, Eyes on AI Cloud Performance

Oracle shares surged 6.6% Thursday to $203.64, up 26% for May but still far below last year’s high. The company reported fiscal Q3 revenue of $17.2 billion, with cloud revenue up 44% to $8.9 billion and a backlog of $553 billion. Capital spending jumped to $39.2 billion for the first nine months of fiscal 2026, pushing free cash flow to negative $24.7 billion.
29 May 2026
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Intel draws $150 target in AI drive, Wall Street says

Intel Shares Hold After AI Surge, Arc Chip Plays Developing

Intel shares closed at $120.89 Thursday, down 0.72%, after the company launched its Arc G-Series chips for handheld gaming PCs. Acer unveiled its Predator Atlas 8 using the new chips, with shipments from Acer, MSI, and OneXPlayer set for June. Intel’s stock remains near its May 11 high of $132.75, driven by strong data center CPU demand and recent AI orders. First-quarter revenue rose 7% to $13.6 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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