Today: 30 May 2026
Browse Category

Artificial Intelligence 29 May 2026 - 30 May 2026

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
···
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
···
Ford Shares Jump 17% This Week on AI Bet, Test Ahead

Ford Shares Jump 17% This Week on AI Bet, Test Ahead

Ford shares rose 4.74% to $17.44 Friday, capping a 16.8% surge over four sessions, with volume hitting 154.23 million shares. The rally follows news of a Ford Energy deal to supply up to 20 GWh of battery storage to EDF over five years and analyst upgrades. Ford outperformed GM and Tesla, which both fell Friday. Wall Street is watching for more deals and signs Ford’s energy unit can deliver steady earnings.
30 May 2026
···
Asia Shares Rally in Early June, AI Hype Lifts Market Despite Fresh Inflation Risks

Asia Shares Rally in Early June, AI Hype Lifts Market Despite Fresh Inflation Risks

Japan’s Nikkei 225 surged 2.53% to 66,329.50 on Friday, while India’s Sensex fell 1.44% and Shanghai slipped 0.73%. Foxconn jumped 9.9% after upbeat comments from its chairman. Taiwan raised its 2026 GDP growth outlook to 9.64%, citing AI and tech exports. South Korea’s KOSPI has climbed nearly 90% this year, prompting its pension fund to boost domestic stock targets.
30 May 2026
···
US stocks notch new highs with AI trade still in focus

US stocks notch new highs with AI trade still in focus

The S&P 500, Dow, and Nasdaq closed at record highs Friday, fueled by a 32.8% surge in Dell after strong AI server sales and outlook. Dell’s gains lifted server stocks, with HPE up 12.7% and Super Micro up 11.6% in after-hours trading. Oil prices fell about 1.7%, while Alphabet, Costco, and Walmart declined. The Fed’s preferred inflation gauge rose 3.8% year-over-year.
30 May 2026
·
Palantir Jumps 9% as AI Software Stocks Face Next Test

Palantir Jumps 9% as AI Software Stocks Face Next Test

Palantir shares rose 9.2% to $156.54 Friday, marking their strongest two-day rally since April 2025. The move followed upbeat AI-driven results from Dell and Snowflake, with Palantir raising its 2026 revenue outlook to as much as $7.66 billion. First-quarter revenue jumped 85% to $1.63 billion, beating estimates. Palantir’s price-to-earnings ratio reached 176, far above most peers.
30 May 2026
···
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
····
Zeta Global up 13% as traders move on AI, options hunt

Zeta Global up 13% as traders move on AI, options hunt

Zeta Global shares surged 13.43% to $22.89 Friday, with trading volume at 15.35 million, far above average. Heavy call-option activity and a new loyalty-data study fueled interest in the AI marketing software firm. The company reported Q1 revenue up 50% year-over-year to $396 million and raised its 2026 revenue outlook. Broader AI and software stocks also rallied as Wall Street indexes hit record highs.
29 May 2026
··
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
···
Microsoft gets Pentagon boost in AI, Wall Street moves in

Microsoft gets Pentagon boost in AI, Wall Street moves in

Microsoft shares climbed over 5% Friday to $450.24, lifting its market value near $3.35 trillion. The stock rally followed news of a $9.7 billion U.S. defense contract and plans to unveil new in-house AI models at next week’s Build conference. Wall Street closed at record highs, with tech stocks leading gains. Microsoft declined to comment on its upcoming AI announcements.
29 May 2026
··
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
··
Dell’s AI Surge Sends Wall Street Up — U.S. Markets Today

Dell’s AI Surge Sends Wall Street Up — U.S. Markets Today

The Dow rose 358.82 points to 51,027.94, the S&P 500 gained 19.91 to 7,583.61, and the Nasdaq added 59.92 to 26,978.21, closing out a holiday-shortened week higher. Dell surged nearly 30% after reporting $16.1 billion in AI server revenue and raising its outlook. U.S. crude fell 1.73% to $87.36 a barrel on truce extension speculation. The core PCE price index rose 3.3% year-over-year in April.
29 May 2026
·····
Keel Infrastructure rises again as investors bet on AI growth

Keel Infrastructure rises again as investors bet on AI growth

Keel Infrastructure shares rose 2.1% to $5.69 Friday, extending a 32.6% five-day rally, with trading volume below average. The company, formerly Bitfarms, is repositioning as an AI data center provider but has not yet secured its first colocation lease. First-quarter revenue fell 23% to $37 million, with a $128 million operating loss. Keel’s market cap stands near $3.4 billion, below its 52-week high.
29 May 2026
··
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
·······
CrowdStrike Moves Early in AI Trade Ahead of Earnings

CrowdStrike Moves Early in AI Trade Ahead of Earnings

CrowdStrike shares climbed 6.5% midday Friday to about $714.55, tracking gains across cybersecurity after Snowflake raised its revenue outlook and signed a $6 billion AWS deal. CrowdStrike is set to report fiscal Q1 2027 results after markets close June 3. The company’s stock is up 47.6% for the year. Analysts at Benchmark, Wedbush, and BTIG raised price targets this week.
29 May 2026
····
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
····
1 2 3 … 196

Stock Market Today

  • Wall Street Hits Record Highs as AI Sparks New 'Irrational Exuberance'
    May 30, 2026, 11:50 AM EDT. Wall Street posted new record highs by May 27, 2026, led by the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. The surge is powered by advancements in artificial intelligence (AI), estimated by PwC to add $15.7 trillion to the global economy by 2030. Analysts warn this rapid growth echoes the 1990s dot-com bubble, famously flagged by former Fed Chair Alan Greenspan's 'irrational exuberance' speech in 1996. That bubble burst three years later, wiping out nearly half the S&P 500's value. Investors now question if AI-driven valuations are similarly overheated as the market races ahead, fueled by expectations of revolutionary profits and technological shifts.

Latest articles

Honeywell heads into the weekend up 4%, as IPO talk and aerospace plans swirl

Honeywell heads into the weekend up 4%, as IPO talk and aerospace plans swirl

30 May 2026
Honeywell shares rose 2.1% Friday to $237.86, up 4.4% since May 22. Quantinuum, backed by Honeywell, is considering raising its IPO size and price range by about 10%, seeking a valuation up to $12.7 billion. Honeywell Aerospace will hold its first investor day June 3 ahead of a planned June 29 spin-off. U.S. markets will close May 25 for Memorial Day.
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

30 May 2026
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.
Accenture Shares Pop; AI Spending Still in Focus

Accenture Shares Pop; AI Spending Still in Focus

30 May 2026
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.
Go toTop