ASML-Tata Sign $11B MoU for India’s First 300mm Chip Fab
ASML and Tata Electronics signed an MoU on May 16, 2026 to equip India’s first commercial 300mm semiconductor fab in Dholera, witnessed by PM Modi.
stock market
Russell 2000 Drops 2.4% as Long Yields Slam Small Caps
Small-cap stocks led Friday’s selloff with the Russell 2000 down 2.4% as rising Treasury yields rekindled fears about leverage, refinancing, and unprofitable balance sheets.
POET Plunges 22% on $400M Raise, Eclipsing Lumilens Deal
POET Technologies tumbled 22% on May 15, 2026 as a $400M dilutive raise overshadowed a fresh AI-optics supply pact worth up to $500M with Lumilens.
Hot 3.8% April CPI Slams AI Stocks; Nasdaq Falls 1.5%
April CPI printed at 3.8% YoY — the hottest reading since May 2023 — knocking the Nasdaq down 1.5% as Nvidia, Intel and Micron led an AI-led selloff.
Abel’s First 13F: Berkshire Drops UNH, Buys Delta and Macy’s
Berkshire Hathaway’s Q1 2026 13F closed 16 positions including UnitedHealth, Amazon, Visa and Mastercard while adding a $2.65B Delta stake and tripling Alphabet.
Nvidia Drops 4% as China Stalls H200 Chip Purchases
Nvidia slid as much as 4% intraday on May 15 after Trump said Beijing won’t let Chinese firms buy approved H200 chips — stalling a $3.5B annual revenue opportunity.
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.
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.
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.
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.