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TSX:LTO 6 May 2026

This Is Why Loblaw Stock Fell Even as Profit Rose

This Is Why Loblaw Stock Fell Even as Profit Rose

Loblaw missed first-quarter revenue estimates, posting C$14.48 billion versus the expected C$14.55 billion, sending shares down 5%. Net earnings rose to C$594 million, and the company raised its dividend by 10% while approving a new buyback. Discount banners No Frills and Maxi drove growth as shoppers continued to trade down.
6 May 2026
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Stock Market Today

  • Akamai Technologies Shares Soar Nearly 60% on $1.8 Billion AI Server Deal
    May 13, 2026, 1:08 PM EDT. Akamai Technologies' stock surged almost 60% in two weeks after signing a $1.8 billion contract to supply servers to a major AI firm, reportedly Anthropic. The Cambridge-based company's share price hit $160 on Wednesday, levels not seen since 2000. CEO Tom Leighton highlighted this as Akamai's largest customer deal ever, signaling confidence in AI-driven growth. However, initial revenue contributions will be modest, with significant upfront investment needed to scale cloud capacity. Some analysts remain cautious, noting the slow ramp-up and competitive AI infrastructure landscape dominated by giants like Amazon and Google. Yet, the deal marks a pivotal moment for Akamai, as it aims to capitalize on the booming AI compute demand and diversify beyond its internet congestion roots.

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UiPath Stock Drops as Its AI Agent Bet Hits a Hard Earnings Test

UiPath Stock Drops as Its AI Agent Bet Hits a Hard Earnings Test

13 May 2026
UiPath Inc. shares dropped 5.9% to $9.42 on Wednesday, with trading volume above 22 million, after the company launched a new integration for AI coding agents but investors waited for clearer demand signals ahead of its May 28 earnings call. UiPath reported fourth-quarter revenue of $481 million, up 14%, and reached full-year GAAP profitability for the first time.
Wolfspeed Stock Jumps 21% as Citrini Research Reprices AI Power-Chip Bet

Wolfspeed Stock Jumps 21% as Citrini Research Reprices AI Power-Chip Bet

13 May 2026
Wolfspeed shares surged over 21% to $65.13 Wednesday, with trading volume exceeding 18 million shares and market value reaching $2.55 billion. The rally followed Citrini Research’s endorsement, tying Wolfspeed’s silicon carbide chips to rising AI data-center demand. Wolfspeed reported a $120 million net loss last quarter and expects negative gross margins to continue. Some analysts remain cautious despite the stock’s recent gains.
LinkedIn Layoffs 2026: Why Microsoft’s Job Cuts Hit Even as Revenue Grows

LinkedIn Layoffs 2026: Why Microsoft’s Job Cuts Hit Even as Revenue Grows

13 May 2026
LinkedIn will cut about 5% of its workforce, affecting roles in marketing, engineering, and product teams, according to internal memos and sources. The move comes as LinkedIn reported a 12% revenue increase last quarter and surpassed 1.3 billion members. The company has over 17,500 employees worldwide. Microsoft shares were little changed following the news.

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Micron Stock Today: AI Memory Bounce Meets China Trade Hope and a Crowded Chart

Micron Stock Today: AI Memory Bounce Meets China Trade Hope and a Crowded Chart

13 May 2026
Micron Technology traded up 5.93% premarket to $812.06 after closing Tuesday down 3.61%. The rebound follows dip-buying in semiconductors, BofA’s price target hike to $950, and CEO Mehrotra’s inclusion in Trump’s China delegation. Micron reported Q2 revenue of $23.86 billion, nearly triple last year, and guided Q3 revenue to $33.5 billion with 81% gross margin.
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