Section
Stocks
Rocket Lab's record contract makes backlog the story
Rocket Lab Q1 revenue jumped 63.5 per cent to $200.3 million as a record launch contract pushed backlog to $2.2 billion and sharpened the Neutron debate.
Intuitive Machines' revenue surge offers a sturdier stocks case than its EPS miss
Record first-quarter revenue, positive adjusted EBITDA and a $1.1 billion backlog gave Intuitive Machines a cleaner operating-scale story than its quarterly EPS miss alone suggests.
Michael Burry's AI-bubble warning tests Wall Street's momentum trade
Michael Burry's latest bubble warning matters less as a celebrity-bear headline than as a check on whether the AI rally is still being driven by earnings, or by momentum outrunning them.
Samsung (005930.KS) winds down chip output before 18-day strike
Samsung has started winding down chip production ahead of a planned 18-day strike, sharpening concerns over AI-memory supply, margins and the shares.
Cerebras Surges 68% in Nasdaq Debut After $5.55 Billion IPO
Cerebras Systems closed at $311.07 after surging 68% in its Nasdaq debut, raising $5.55 billion in the largest US tech IPO since Uber.
TSMC (TSM) posts 58% profit jump as AI chip orders push Q1 revenue to NT$1.13tn record
TSMC posted net income of NT$572.48 billion, a 58.3% year-on-year surge, as AI chip demand drove revenue to a fourth consecutive record.
Bill Ackman builds Microsoft (MSFT) stake after selloff, citing AI growth
Pershing Square built a Microsoft position in February after the stock's pullback, with Bill Ackman arguing Azure, enterprise software and AI optionality still justify the long-term case.
Samsung shares slide as union sticks to strike, chip output slows
Samsung shares fell after its main South Korean union held to an 18-day strike plan and management prepared for lower chip output ahead of May 21.
Kioxia (285A.T) rides AI memory boom toward U.S. listing
Kioxia says AI-driven flash-memory demand pushed profit to records and is helping support a U.S. ADS listing aimed at broadening its investor base.
Ackman buys Microsoft (MSFT) after selloff, cites AI value
Bill Ackman said Pershing Square built a new Microsoft stake after the stock's retreat, arguing Azure, Office and the company's AI strategy justify a more compelling entry point.
Burry buys MercadoLibre in the $1,600s after post-earnings drop
Michael Burry bought a full position in MercadoLibre after the stock fell 13% on a Q1 margin miss, betting his IV15 framework will prove right over a 15-year horizon.
Nvidia (NVDA) Q1 earnings seen at $78.75bn as AI demand lifts chip stocks
Nvidia is set to report first-quarter results after the bell on 20 May, with Wall Street expecting $78.75bn in revenue driven by insatiable AI demand. Here is what to watch.
Cisco (CSCO) surges 17% on Q3 beat as AI orders double to $9bn
Cisco shares jumped 17% in extended trading after the networking giant beat Q3 estimates, raised its AI infrastructure orders forecast to $9bn from $5bn, and unveiled a $1bn restructuring that will cut nearly 4,000 positions.
AI Memory Crunch Sends Sandisk Up 552%, Micron to $840B
Memory stocks surge as AI demand outstrips supply. Sandisk, Micron, and Intel face years of scarcity with projected margins above 80%.
Lemonade (LMND) Q1 revenue jumps 71%; stock falls 15% on profitability gap
Lemonade reported Q1 2026 revenue of $258m, up 71 per cent, and narrowed its quarterly net loss to $35.8m. Shares closed about 15 per cent lower as investors weighed an EPS beat of 17.5 per cent against the gap to GAAP profit and a 33 per cent in-force premium guide.
Palantir (PLTR) Q1 revenue up 85% to $1.63bn; stock falls 7%
Palantir first-quarter revenue jumped 85 per cent to $1.633 billion and adjusted EPS of $0.33 cleared the $0.27 consensus by 22 per cent. The stock still fell about 7 per cent as investors questioned whether US commercial growth justified a multiple near 42 times forward sales.
Strategy CEO Phong Le says bitcoin sales hinge on maths over equity
Strategy chief executive Phong Le told CNBC on Saturday that the company would sell part of its 818,334 bitcoin holding only when doing so proves more accretive to shareholders than issuing equity, outlining two specific conditions that mark a deliberate shift from its long-held refusal to sell.
Rackspace Technology (RXT) Q1 revenue beats; stock surges 55% on AMD AI cloud deal
Rackspace Technology shares surged 55 per cent after the cloud provider beat first-quarter revenue estimates, swung to a GAAP profit, and announced a non-binding AMD partnership to build governed enterprise AI infrastructure. Full-year guidance was reaffirmed.
Nubank profit climbs 50% to $895m, plans $8.2bn Brazil investment
Nu Holdings fourth-quarter net income jumped 50 per cent to $894.8m as the Latin American digital bank reached 131m customers across Brazil, Mexico, and Colombia. The company plans BRL 45bn in Brazil investment for 2026.
Coherent (COHR) Q3 revenue $1.81bn beats; shares fall 6% on profit miss
Coherent Corp. reported fiscal Q3 revenue of $1.81 billion, up 20.5 per cent year over year, with non-GAAP EPS of $1.41 beating Street estimates. The shares fell 6 per cent in after-hours trading as adjusted operating income missed expectations and capital spending surged to support a multiyear Nvidia supply agreement.
Strategy STRC reclaims $100 par, opening door for fresh Saylor bitcoin buys
Strategy's STRC perpetual preferred closed at $99.99 on Friday and printed at par after hours, ending a fortnight in which Michael Saylor stayed out of bitcoin. With the security back above its $100 issuance threshold, Strategy's at-the-market funding gate has reopened and weekly purchases could resume as soon as 11 May.
Intuit (INTU) rises 4.9% as QuickBooks Workforce AI, Credit Karma expansion land
Intuit shares rose 4.9 per cent on May 7 after the company unveiled QuickBooks Workforce, an AI-native HCM platform for small businesses, and opened Credit Karma to the estimated 17 million US adults without a credit history. The product push builds on strong Q2 results that beat consensus.
SoFi (SOFI) Q1 revenue beats, profit doubles, but unchanged 2026 guidance sinks stock 15%
SoFi Technologies reported record Q1 revenue of $1.10 billion and net income of $166.7 million, its tenth straight profitable quarter. The stock fell 15 per cent on the day after management left full-year guidance unchanged.
Tyler Technologies Q1 EPS beats by $0.09; ARR up 10.4%, FCF doubles
Tyler Technologies posted Q1 non-GAAP EPS of $3.09 against a $3.00 consensus on revenue of $613.5m, with ARR accelerating to 10.4 per cent and free cash flow more than doubling. Shares barely moved.
Whirlpool swings to Q1 loss, suspends dividend, cuts 2026 EPS outlook
Whirlpool reported an $85 million Q1 net loss on Thursday and slashed its full-year ongoing EPS guidance to $3.00 to $3.50, from a prior $6.23, citing recession-level appliance demand. The company suspended its common dividend to prioritise debt paydown, and shares fell roughly 13.6 per cent premarket.
