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The chip company widely known for supplying the cellular modem inside your iPhone just did something investors have been waiting years to see. On May 26, Qualcomm (QCOM) rocketed to an all-time intraday high of $258 before closing at a record $248.82, after reports that the company landed an AI ...
Strategy revealed on Tuesday that it retired $1.5 billion in convertible debt last week by paying out $1.38 billion in cash on its balance sheet to bondholders. The company touted the move as strengthening its credit profile and raising the bitcoin per share ratio for holders of MSTR common stock. In reality, the increase in bitcoin per share was only theoretical.
The U.S. Food and Drug Administration (FDA) has approved pivekimab sunirine-pvzy (sold under the brand name Decnupaz), a highly targeted therapy for adults dealing with an ultra-rare and aggressive form of blood cancer.
The cloud-storage company joins Apple and Meta as one of AWS’s largest customers for CPU-based computing. Snowflake shares soared 30% after the closing bell.
The Dow Jones Industrial Average rose 0.4%, and the Nasdaq composite gained 0.1%. Bath & Body Works and Abercrombie & Fitch both rallied after becoming the latest companies to deliver stronger profit reports for the start of 2026 than analysts expected. The Nasdaq composite rose 18.55 points, or 0.1%, to 26,674.73.
Chip design software maker Synopsys has reached an agreement with activist investor Elliott Investment Management that will give one board seat to the activist investor's managing partner Jesse Cohn, the company said on Wednesday. Synopsys, which has a market valuation of about $100 billion and counts Tesla and Google parent Alphabet among its customers, has held discussions with Elliott, one of the industry's most powerful activists, for roughly two months. Elliott pushed the company to improve its margins and Synopsys' stock price has climbed roughly 20% since Elliott's involvement became public.
Salesforce forecast second-quarter revenue below Wall Street estimates on Wednesday amid ongoing concerns that AI rivals such as Anthropic could rapidly disrupt demand for traditional software vendors. Like its peers, Salesforce is contending with growing investor concerns that AI tools could pull enterprise clients away from traditional software by taking over tasks once done by their products. Its shares fell 3% in extended trading.
Cloud-based data analytics platform Snowflake raised its annual product revenue forecast on Wednesday, signaling growing demand for AI-driven workloads and cloud migrations. The company's growth was fueled by surging enterprise demand for its core data warehousing products and growing uptake of its AI offerings, with migrations from legacy systems and increased use of machine learning tools adding momentum. Snowflake enables businesses to store, analyze and share large volumes of data across applications and users.
The enterprise software company recorded a profit of $2.11 billion as it pushes its artificial intelligence tools as a growth accelerator.
Snowflake said on Wednesday it has signed a $6 billion deal with Amazon Web Services, with the investment tied to AWS' Graviton processors and AI chip infrastructure.
The company said that Facebook Plus and Instagram Plus will be priced at $3.99 per month, while WhatsApp Plus will cost $2.99 a month.
Apogee Therapeutics revealed mixed results for its experimental eczema treatment Wednesday, and the stock dropped.
The most prominent figures in artificial intelligence are stepping back from dire predictions about mass unemployment, as the industry faces growing public hostility over AI's promised transformation of the workplace.But earlier doom-laden statements have now come to haunt the AI industry as the public, notably in the United States, voices serious discontent in polling over the disruption that tech companies and political leaders predict from AI. Most economic institutions, most recently the Eur
WASHINGTON, May 27 (Reuters) - The head of the Federal Aviation Administration said on Wednesday that he expects the Boeing 737 MAX 7 to be certified this summer and the larger MAX 10 to be approved before the end of the year. FAA Administrator Bryan Bedford told Reuters at an aviation forum in Washington that he also expects Boeing will again hike production of the 737 MAX in the next 90 days.
(Bloomberg) -- While software stocks rebound from the artificial intelligence-driven wipeout earlier this year, Salesforce Inc. hasn’t really benefited. But its earnings after the close Wednesday could pull the company’s shares out of their malaise. Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadEx-President Biden Sues to Stop DOJ Sharing I
PDD Holdings Inc (PDD) reports an 11% revenue increase, driven by transaction services, while facing net income and profit margin declines.
<body><p>STORY: :: SpaceX</p><p>Shares of U.S. space companies soared on Wednesday, continuing their rise as investors bet that the upcoming mammoth IPO of Elon Musk's SpaceX could force Wall Street to rethink how it values the space economy.</p><p>Shares of Intuitive Machines shot up more than 13%, AST SpaceMobile jumped almost 7%, while Virgin Galactic added more than 10% at one point in Wednesday morning trading.</p><p>:: Rocket Lab</p><p>:: Archive</p><p>Shares of Rocket Lab and Planet Labs also rose, following big gains in the last two sessions.</p><p>SpaceX is poised to become the first trillion-dollar U.S. market debut, immediately cementing it as one of the world's most valuable publicly traded firms.</p><p>:: SpaceX</p><p>Other public companies related to space travel are hoping to benefit from renewed investor attention.</p><p>:: Spacepharma</p><p>Many have struggled to sustain premium valuations despite growing demand for satellite communications, launch services and defense-related off-planet infrastructure.</p><p>:: SpaceX</p><p>SpaceX last week took the wraps off its IPO filing, which showed how the company is betting its future on transitioning into an AI powerhouse, with expectations of long-term infrastructure dominance.</p></body>
Salesforce Earnings Are Here -- Wall Street Is Bracing for a Massive Stock Swing
Goldman sees massive AI windfall for chip stocks as hyperscalers ramp spending
CXMT wins Shanghai approval for a STAR Board listing that could become mainland China's biggest IPO since 2022.
The app where millions of Americans will be able to manage new Trump accounts for their children is set to launch Thursday, a Treasury department spokeswoman said. Account activation will begin for families who have already enrolled in the program. The app, built by Bank of New York Mellon and Robinhood, will be available in the Apple and Google app stores.
On the bottom line, our first quarter results exceeded expectations on both operating income and earnings per share. One quarter in, the team continues to stay agile in a dynamic global environment, and 2026 is shaping up to be another year of consistent progress as we maintain our full year outlook on net sales, operating margin and earnings per share.
Bloomberg Intelligence's Herman Chan joins Dani Burger on "Bloomberg Deals." JPMorgan Chase CEO Jamie Dimon says, "there might be, in the next couple years, a chance to put $10 billion to $20 billion to work buying something," adding that JPMorgan is "on the lookout" for a deal.
Investing.com -- A merger between Elon Musk's space exploration company SpaceX and his EV giant Tesla Inc. is inevitable and only a question of timing, according to early SpaceX investor Peter Diamandis.
Wall Street spent the first quarter of 2026 looking like it had misplaced the map. Inflation readings from the Bureau of Labor Statistics moved higher, consumer confidence sank to record lows, and Treasury yields climbed as investors questioned whether the Federal Reserve would cut rates at all this year. By March 30, the S&P 500 ... The Stock Market Just Had One of Its Strongest 8-Week Runs Ever. History Says It May Not Be Done Yet
Most investors skip the simplest piece of self-accountability available to them. They form a thesis, place a trade, and then let time blur the original reasoning into something vaguer and more flattering. Clare Flynn Levy, the former hedge fund manager who founded behavioral analytics firm Essentia Analytics, has a fix for that, and she shared ... I Was Wrong About Inflation and Missed a Huge Stock Rally: The One Investing Discipline That Could Have Saved Me
Technology and energy remain the market’s strongest-performing sectors year-to-dateS&P 500 technology companies delivered nearly 30 per cent revenue growth and 54 per cent earnings growth in Q1Fund managers now view long semiconductors as the most overcrowded trade, signalling potential caution aheadStrong tech earnings continue to drive market leadershipTechnology continues to dominate market leadership in 2026, and according to Bruce Campbell, the earnings data may justify much of the enthusia
The correspondent had criticized as political a decision by CBS News Editor in Chief Bari Weiss to hold a segment on an El Salvador prison.
Although Chipotle Mexican Grill has underperformed the broader market over the past year, Wall Street analysts maintain a bullish outlook on the stock’s prospects.
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