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.
Stock Market
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.
Sea Limited Surges 15% as Q1 Revenue Hits $7.1B and EBITDA Tops $1B
SE stock surged 15% on May 12 after Q1 2026 revenue jumped 47% to $7.1B, Shopee GMV rose 30%, and adjusted EBITDA crossed $1B for the first time.
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.
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%.