KOSPI Plunges 6% on Samsung, SK Hynix Memory Selloff
KOSPI fell 6.12% as Samsung Electronics dropped 8.6% and SK Hynix lost 7.7%, off record highs. What the Korean memory selloff signals for AI chip stocks.
Stock Market
Figma Q1: Revenue Up 46%, Guidance Raised on AI Demand
Figma beat Q1 estimates with $333.4M revenue (+46% YoY) and raised FY26 guidance to $1.422B-$1.428B as AI tools drive paid seat expansion.
Cerebras Pops 89% in Nasdaq Debut, Briefly Tops $100B Cap
Cerebras Systems (CBRS) opened around $350 on its Nasdaq debut — 89% above the $185 IPO price — briefly crossing a $100B market cap before settling near $324.
Doximity Plunges 24% as FY27 Guidance Misses and Margins Compress
Doximity (DOCS) crashed 24% after Q4 revenue growth slowed to 5%, FY27 sales guidance trailed consensus, and Wall Street slashed price targets across the board.
Quantinuum Files for Nasdaq IPO Under Ticker QNT
Honeywell-backed Quantinuum publicly filed its S-1 on May 8, 2026, targeting a Nasdaq listing under QNT with JPMorgan and Morgan Stanley leading the book.
Nokia Pops 12% on Agentic AI Push for Telecom Networks
Nokia jumped 11.69% to $14.71 on May 13 as the Finnish telecom-equipment giant pushed agentic AI into network operations, well outpacing rival Ericsson.
Cerebras IPO Prices at $185, Far Above Range, for $5.55B
Cerebras priced its Nasdaq IPO at $185 a share — 19% above the upsized range — raising $5.55B as AI-chip demand erupts. Trading begins May 14 under CBRS.
Cisco Pops 15% on AI Order Surge — and Cuts 4,000 Jobs
Cisco beat Q3 with record $15.8B revenue, raised FY26 AI orders to $9B, and announced ~4,000 layoffs. Shares jumped about 15% after hours.
Venture Global Jumps 14% on Q1 Beat, TotalEnergies LNG Deal
Venture Global stock surged 14% after Q1 revenue jumped 59% to $4.6B and the LNG exporter secured fresh supply deals with TotalEnergies and Vitol.
MercadoLibre Q1: Revenue Up 49% as Credit Costs Crush Margins
MELI Q1 2026: revenue surged 49% to $8.85B — its fastest pace in nearly four years — but operating income fell 20% as credit-card provisions doubled.