Ambarella Falls 21% on Q1 Beat as Guidance Lands In-Line
Ambarella stock tumbled 21% Friday despite a Q1 FY27 earnings beat. In-line Q2 guidance disappointed a market priced for upside.
Stock Market
Kardigan Files for IPO (KARD): MyoKardia Veterans Return
Clinical-stage heart-drug developer Kardigan filed its S-1 for a Nasdaq IPO (ticker: KARD), backed by a JPM/Jefferies/Leerink/TD Cowen syndicate.
Big 8 US Banks’ Living Wills Clear With No Shortcomings
FDIC and the Fed cleared all 8 US G-SIBs’ 2025 resolution plans on May 22, 2026 — no shortcomings, no deficiencies, and 2023 derivatives gaps now fixed.
Workday Beats: Subs +14%, Raises FY27 Margin to 30.5%
Workday’s Q1 FY27 hit $2.54B in revenue and $616M in free cash flow; FY27 non-GAAP operating margin guidance was raised to 30.5%.
Uber Eyes Full Delivery Hero Bid After 25% Stealth Stake
Bloomberg: Uber holds 19.5% of Delivery Hero plus 5.6% in options. A full bid on the EUR10B Frankfurt-listed delivery giant would reshape global food delivery.
TJX Beats and Raises: Comps +6%, EPS $1.19, Buyback to $3B
TJX Companies posted Q1 FY27 comps up 6%, EPS of $1.19 (+29% YoY), returned $1.1B to shareholders, and lifted its FY27 sales, margin, EPS, and buyback guidance.
Nintendo’s Switch 2 Hits 19.86M Units; FY27 Outlook Cautious
Nintendo’s first Switch 2 fiscal year almost doubled group revenue to 2.31 trillion yen. So why is the FY27 guide so conservative?
D-Wave Lands $100M CHIPS Letter; Quantum Stocks Rip
D-Wave signed a $100M CHIPS Act letter of intent with Commerce. QBTS jumped 28%, RGTI 26%, INFQ 29% as quantum names ripped sector-wide.
Take-Two Reports Tonight Ahead of GTA VI in November
Take-Two reports Q4 FY26 earnings May 21 with Grand Theft Auto VI six months from launch. What to watch — and why FY27 is the real story.
REITs Explained: How Real Estate Investment Trusts Work
What is a REIT, the 90% dividend rule, equity vs mortgage REITs, why FFO matters more than net income, and why rising rates hit REITs first.