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Artificial Intelligence 22 May 2026 - 24 May 2026

Coherent Shares Trade Close to $378, With Next Test Set for Tuesday After Volatile AI-Optics Week

Coherent Shares Trade Close to $378, With Next Test Set for Tuesday After Volatile AI-Optics Week

Coherent Corp. shares closed at $377.57 Friday, down 0.1% for the day and 1.3% below last week, underperforming the S&P 500 and Nasdaq ahead of the Memorial Day market closure. The company reported fiscal Q3 revenue of $1.81 billion, up 21% year-over-year, with strong demand in datacenter and communications. Nvidia invested $2 billion in March and signed a multi-year optics agreement. Coherent trades at 179 times trailing earnings.
23 May 2026
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Intuit Slashes 3,000 Jobs as TurboTax Faces New AI Threats

Intuit Slashes 3,000 Jobs as TurboTax Faces New AI Threats

Intuit will cut about 3,000 jobs, or 17% of its workforce, and close offices in Reno and Woodland Hills as it restructures to focus on artificial intelligence. The company expects $300 million to $340 million in charges, mostly in the fiscal fourth quarter. Intuit raised full-year revenue guidance but lowered its TurboTax outlook, citing pressure from low-cost AI tools. Shares last traded at $319.94 after a volatile week.
23 May 2026
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Micron slips in New York; memory push keeps focus on AI signal

Micron slips in New York; memory push keeps focus on AI signal

Micron shares fell 1.46% to $751.00 Friday after the company began 1-alpha DRAM production at its Manassas, Virginia, plant. The move came amid a volatile week for memory-chip stocks, with Samsung labor news and AI demand influencing trading. U.S. Trade Representative Jamieson Greer said no immediate semiconductor tariffs are planned. U.S. markets will close Monday for Memorial Day.
23 May 2026
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Marathon Digital shares approach $14 after miner’s AI push draws Wall Street notice

Marathon Digital shares approach $14 after miner’s AI push draws Wall Street notice

MARA Holdings shares climbed 3.25% to $13.99 Friday, outperforming as bitcoin fell 1.6% to $76,450. The move followed Wall Street gains ahead of Memorial Day and came without a new company release. Investors are weighing MARA’s shift from bitcoin mining to AI and data-center infrastructure. The company recently agreed to buy Long Ridge Energy & Power for $1.5 billion, pending regulatory approval.
22 May 2026
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Keel Infrastructure at 52-Week High After AI Move

Keel Infrastructure at 52-Week High After AI Move

Keel Infrastructure shares rose nearly 5% Friday, hitting a 52-week high of $5.03 on Nasdaq as trading volume approached its daily average. The move follows Keel’s rebranding from Bitfarms and shift toward AI data-center infrastructure. TSX-listed shares also reached a 52-week high at C$6.95. A May 18 filing showed Jane Street Group holds 5.1% of Keel’s shares.
22 May 2026
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HPE Shares Gain Ahead of Earnings as Wall Street Pushes AI Hardware

HPE Shares Gain Ahead of Earnings as Wall Street Pushes AI Hardware

Hewlett Packard Enterprise shares climbed 9.9% to $37.33 in Friday trading, leading a surge in hardware and networking stocks ahead of its June 1 earnings call. Analysts cited strong demand for AI infrastructure and networking gear, but flagged risks around valuation and memory-chip costs. Dell and HP Inc. also posted double-digit gains. HPE was named a Leader in Gartner’s 2026 Magic Quadrant for enterprise networking.
22 May 2026
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Ondas Pauses After $196.6M AI-Defense Deal

Ondas Pauses After $196.6M AI-Defense Deal

Ondas shares rose 0.54% to $9.23 in New York Friday after closing its $196.6 million stock acquisition of Israel’s Omnisys on May 21. The company also filed to register the resale of 2.7 million shares tied to a separate Mistral deal. U.S. markets will close Monday for Memorial Day, leaving one session for investors to react. Ondas’ market value stood at $4.57 billion, well below its 52-week high.
22 May 2026
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Spotify’s Peloton Deal Turns SPOT Stock’s Earnings Week Into a Fitness Test

Spotify Stock Is Jumping Again — Here’s the AI Bet Wall Street Just Bought

Arm Holdings shares rose above $300 Friday morning, extending a surge that pushed the stock up 38% in three sessions and past Micron in year-to-date gains. The rally follows strong earnings, a bullish Bernstein rating, and news that demand for Arm’s AGI CPU for data centers exceeded $2 billion for fiscal 2027–2028. Meta is the lead partner for the new chip.
22 May 2026
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Arm breaks above $300 as AI CPU bets heat up on Wall Street

Arm breaks above $300 as AI CPU bets heat up on Wall Street

Arm Holdings shares topped $300 Friday morning, extending a rally that has lifted the British chip designer’s stock 38% in three sessions. The surge follows strong earnings, bullish analyst coverage, and rising demand for Arm-based CPUs in AI data centers. Arm reported fiscal Q4 revenue of $1.49 billion and said customer demand for its new data-center chip exceeded $2 billion through fiscal 2028.
22 May 2026
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Wall Street Pushes Dell’s AI Run Again But Sends a Caution

Wall Street Pushes Dell’s AI Run Again But Sends a Caution

Dell Technologies shares surged over 10% Friday, hitting a 52-week high of $283.30 after Wells Fargo raised its price target to $270. Morgan Stanley also lifted its target but kept an Underweight rating, citing risks like memory inflation and supply shortages. Dell reports fiscal Q1 results May 28, with consensus estimates at $3.00 EPS and $34.95 billion revenue. The company reported $64 billion in AI-optimized server orders for fiscal 2026.
22 May 2026
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Nokia Shares Jump on Friday, Investors Focus on AI Network Play

Nokia Shares Jump on Friday, Investors Focus on AI Network Play

Nokia shares rose 8.2% to 13.09 euros in Helsinki late Friday, far outpacing the OMX Helsinki 25 index’s 0.9% gain. The rally followed Nokia’s launch of an AI networking lab in Sunnyvale, California, with partners including AMD and Lenovo. Investors have increased bets on Nokia’s AI and cloud business since April, after the company reported a 49% jump in sales to those customers.
22 May 2026
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Meta Cuts 8,000 Jobs as Zuckerberg Pushes AI Ambitions

Meta Cuts 8,000 Jobs as Zuckerberg Pushes AI Ambitions

Meta Platforms CEO Mark Zuckerberg told staff he does not expect more company-wide layoffs this year after cutting about 8,000 jobs and shifting thousands to AI roles, affecting roughly 10% of the workforce. Meta raised its 2026 capital spending forecast to $125–$145 billion. Some employees questioned the reassurance, noting the wording left room for smaller cuts. U.S. laid-off workers will receive at least 16 weeks’ pay and extended healthcare.
22 May 2026
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Plug Power Shares Jump; Traders Eye AI Power Angle

Plug Power Shares Jump; Traders Eye AI Power Angle

Plug Power shares rose 14.2% to $3.78 on Thursday, lifted by sector momentum after Bloom Energy announced a major AI data-center power deal. Plug separately confirmed its Barrow Green Hydrogen project in Britain reached final investment decision and will supply Kimberly-Clark. Plug posted a first-quarter net loss of $245.3 million, wider than last year, and ended March with $802 million in cash.
22 May 2026
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OpenAI Shares Hype Returns, Still No Ticker in Sight

OpenAI Shares Hype Returns, Still No Ticker in Sight

OpenAI is preparing to confidentially file for a U.S. IPO, aiming to go public as early as September, sources told Reuters. The move follows a court win against Elon Musk, removing a key legal obstacle. Private-market share prices for OpenAI ranged from $658.94 to $732.38 this month, but no official public price exists. Ordinary investors still cannot buy OpenAI stock on public exchanges.
22 May 2026
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Stock Market Today

  • Crude Oil Prices Rise Amid Strait of Hormuz Closure and Geopolitical Tensions
    May 23, 2026, 6:17 PM EDT. Crude oil prices rebounded on Friday, with July WTI crude closing up 0.26% and RBOB gasoline rising 2.31%. The ongoing closure of the Strait of Hormuz, a critical shipping route for about 20% of the world's oil and liquefied natural gas, due to US-Iran conflicts, is disrupting global supplies and supporting higher prices. Despite slight progress in peace talks, significant disagreements linger, notably Iran's refusal to send enriched uranium abroad. Additional geopolitical risks include Pakistan's military deployment to Saudi Arabia and drone attacks on UAE and Saudi energy facilities. The International Energy Agency warns the oil market remains "severely undersupplied," and Goldman Sachs estimates a 14.5 million barrels per day output cut in the Persian Gulf. OPEC plans to continue raising production quotas, aiming to restore halted output by September's end.

Latest articles

Why SoFi Technologies Stock Is Slipping After Its PrimaryBid Deal

SoFi Moves Back Into Focus After Unnoticed Deal

24 May 2026
SoFi closed Friday at $15.62, down 3 cents for the day and nearly flat for the week. Trade publications reported SoFi acquired Peach Finance, a California lending software startup; terms were not disclosed. U.S. stock trading will resume Tuesday after Memorial Day.
Investors Eye May 16 After Turbulent Week for Planet Labs

Planet Labs Stock Climbs Ahead of Holiday Weekend with June Earnings in Sight

24 May 2026
Planet Labs shares closed at $44.35 on Friday, up 4.3%, and gained 6.6% for the week ahead of the Memorial Day market holiday. The company will report fiscal first-quarter results after the June 4 close. Planet recently released images from new Pelican satellites and signed contracts in Sweden, the Czech Republic, and Greece. The NYSE will reopen Tuesday.
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