S&P 500 Tops 7,400 for the First Time on Trade and AI Tailwinds
The S&P 500 closed above 7,400 for the first time as a US CEO delegation met Chinese officials and Goldman Sachs projected $1T in AI investment.
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NVIDIA Breaks to All-Time High Ahead of May 20 Earnings
NVIDIA surges to $221.76, topping its prior 52-week high, as AI chip demand accelerates and Q4 FY2026 revenue hit $68.1B. What Wall Street is watching before May 20.
JFrog Jumps 24% After Q1 Beat: AI Demand Fuels Cloud Growth
JFrog topped Q1 2026 estimates — $154M revenue (+26% YoY) and non-GAAP EPS of $0.27 vs $0.21 expected — as AI-driven infrastructure demand accelerates its cloud business. Guidance raised.
AMD Tops $10B Revenue as AI Shifts From GPUs to CPUs
AMD surges 11% on a $10.3B Q1 beat as AI demand rotates from pure GPU plays to CPUs and memory chips, lifting the entire semiconductor sector.
IREN Soars 40% on NVIDIA’s $3.4B AI Infrastructure Deal
IREN stock surged 40% this week after landing a $3.4B NVIDIA cloud deal and a $2.1B investment option — validating its pivot from Bitcoin mining to AI data centers.
Akamai Jumps 26% on $1.8B Anthropic Deal and Record Cloud Growth
Akamai surged 26.58% after revealing a $1.8 billion Anthropic AI deal alongside Q1 2026 free cash flow that jumped 58% and cloud infrastructure revenue up 40%.
Micron’s Best Week Since 2008 Ignites AI Chip Capital Markets
Micron surged 15.5% in its biggest week since 2008 as AI memory demand booms. Here is what it means for CHIPS Act financing, corporate bonds, and the Cerebras and Quantinuum IPO pipeline.
Intel Surges 14% on Report of Apple Chip Manufacturing Deal
Intel jumped 14% on record volume Friday after the WSJ reported Apple and Intel reached a preliminary agreement for Intel to manufacture Apple chips — a potential turning point for Intel’s foundry ambitions.
AI Earnings Test: Innodata Doubles, Rocket Lab Surges 34%, While Cloudflare Drops 24%
Innodata surged 86%, Rocket Lab 34%, and the chip sector swept double-digit gains — while Cloudflare and HubSpot each fell nearly 20%. Q1 2026 earnings season became a high-stakes AI report card.
Cloudflare Sinks 23% on AI Layoffs Despite Q1 Beat
Cloudflare fell 23% Friday after announcing 1,100 AI-driven job cuts, despite beating Q1 estimates and raising full-year revenue guidance to $2.81B.