STORY: U.S. stocks mostly gained ground Thursday as progress toward ending the Iran war buoyed investor sentiment. The Dow rose 1.7% and notched another record closing high, the S&P 500 added four-tenths of one percent, while the Nasdaq fell a hair. Broadcom contributed to the index’s lackluster day. Its shares declined 12.5% after the chip company issued disappointing results. :: Archive Anna Rat...
STORY: U.S. stocks mostly gained ground Thursday as progress toward ending the Iran war buoyed investor sentiment. The Dow rose 1.7% and notched another record closing high, the S&P 500 added four-tenths of one percent, while the Nasdaq fell a hair. Broadcom contributed to the index’s lackluster day. Its shares declined 12.5% after the chip company issued disappointing results. :: Archive Anna Rathbun, founder and CEO of Grenadilla Advisory, said the changing business conditions discussed by Broadcom on its earnings call could be a warning sign for other AI companies. “The traders, the investors and the markets are anticipating potentially falling margins in the future because of the shift in Broadcom's business. Now this actually has implications for rest of AI, right? Because number one, everybody's moving to AI and the costs are definitely going up of raw materials and partnerships, etc. And unless you can pass that down to your customer, at this point they can because the demand is high. At some point they won't be able to. And that means margin pressure. So the markets may be looking at that as a canary in the coal mine. “ The U.S. House of Representatives passed a measure on Wednesday that would block President Donald Trump from continuing the war on Iran. Additionally, a U.S.-mediated ceasefire agreement between Israel and Lebanon, an essential condition of an Iranian agreement to a peace deal, bolstered optimism of a near-term resolution to the war. But the truce was rejected by the pro-Iran Hezbollah, which said it would not withdraw troops from Lebanon. Other stocks on the move included UnitedHealth which advanced 5% after Bank of America raised its rating on the healthcare conglomerate's shares to "buy." And Pinterest climbed about four and a half percent after announcing it would spend $4 billion to strengthen a long-term partnership with Amazon.
SpaceX, Anthropic, and OpenAI are planning massive initial public offerings right now. But the artificial intelligence (AI) boom actually has been going on for quite some time. AI stocks have pushed the bull market higher quarter after quarter, driving the S&P 500 to a 77% increase over the past three years. Investors are excited about this technology that promises to transform the way business is...
SpaceX, Anthropic, and OpenAI are planning massive initial public offerings right now. But the artificial intelligence (AI) boom actually has been going on for quite some time. AI stocks have pushed the bull market higher quarter after quarter, driving the S&P 500 to a 77% increase over the past three years. Investors are excited about this technology that promises to transform the way business is done -- and so they've piled into companies driving AI, such as chip designers and cloud service providers. These players, including Nvidia (NASDAQ: NVDA) and Alphabet , have seen their stock prices jump in the triple digits in just three years. The AI boom immediately delivered revenue growth as AI customers rushed to these companies for the chips and capacity needed to train large language models. And these well-established tech players continue to offer investors growth thanks to their presence in AI. But now, as the three younger AI giants prepare to launch IPOs, should you continue to buy older market giants -- or wait for the supersize IPOs of SpaceX, Anthropic, and OpenAI? Let's find out. Continue reading
Li Auto Inc. recently reported that it delivered 33,350 vehicles in May 2026, lifting cumulative deliveries to about 1.70 million and following first-quarter results that showed CNY 22,982.91 million in revenue and a net loss of CNY 2,289.53 million. The company also completed a US$139.7 million share repurchase program and launched the all-new Li L9, which attracted over 10,000 orders within two ...
Li Auto Inc. recently reported that it delivered 33,350 vehicles in May 2026, lifting cumulative deliveries to about 1.70 million and following first-quarter results that showed CNY 22,982.91 million in revenue and a net loss of CNY 2,289.53 million. The company also completed a US$139.7 million share repurchase program and launched the all-new Li L9, which attracted over 10,000 orders within two weeks, while shareholders approved a full restatement of its memorandum and articles of...
On May 8, 2026, Director Marc Haugen disclosed the sale of 9,923 shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) in multiple open-market transactions, per a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($72.11); post-transaction value based on May 8, 2026 market close ($74.42). *1-year performance calculated using June 1, 2026 as the reference date. Contin...
On May 8, 2026, Director Marc Haugen disclosed the sale of 9,923 shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) in multiple open-market transactions, per a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($72.11); post-transaction value based on May 8, 2026 market close ($74.42). *1-year performance calculated using June 1, 2026 as the reference date. Continue reading
In this article .DJI .IXIC .SPX QNT QNT AVGO Follow your favorite stocks CREATE FREE ACCOUNT CNBC's Jim Cramer said Thursday's rally showed investors remain resilient and eager to buy stocks. "This market has a huge appetite," the " Mad Money " host said. "One that could shrug off a bear…and still be hungry for more." The Dow Jones Industrial Average rallied to a record high, up 874 points, or 1.7...
In this article .DJI .IXIC .SPX QNT QNT AVGO Follow your favorite stocks CREATE FREE ACCOUNT CNBC's Jim Cramer said Thursday's rally showed investors remain resilient and eager to buy stocks. "This market has a huge appetite," the " Mad Money " host said. "One that could shrug off a bear…and still be hungry for more." The Dow Jones Industrial Average rallied to a record high, up 874 points, or 1.7%. Meanwhile, the S&P 500 added 0.4% and the tech heavy Nasdaq Composite dipped 0.09%. The mixed performance came despite "two of the biggest obstacles" that, Cramer said, normally would have derailed the market. One reason the market may have powered higher, according to Cramer, is that investors concluded the latest earnings disappointments were not nearly as severe as initially feared. He pointed to Broadcom's history of issuing conservative forecasts before delivering stronger results later, while noting the stock had already rallied sharply heading into earnings. Cramer also suggested concerns about CrowdStrike may be overblown, arguing the cybersecurity company's results and outlook were stronger than the market reaction implied. "The disappointments really weren't that disappointing," he said. Cramer also thinks the market's reception to Quantinuum's initial public offering is a sign of investor resilience. Quantinuum is the quantum computing company spun out of Honeywell , which is a holding in Cramer's Charitable Trust , the portfolio run by the CNBC Investing Club. Demand for the deal was so strong that underwriters increased the size of the offering, and the stock still finished its first day of trading relatively flat. "I was prepared to see a sloppy deal that would go up a couple of dollars and then roll over, bringing the whole market down with it," Cramer said. "Didn't happen." Instead, Cramer said the successful debut suggests investors remain eager to participate in new offerings despite concerns about a growing pipeline of deals. "That is a huge load of wo...
Traders work on the floor of the New York Stock Exchange. NYSE S&P 500 futures ticked lower on Thursday night as traders looked ahead to the release of May's jobs report. Futures tied to the broad market index slipped 0.2%, while Nasdaq 100 futures dipped 0.4%. Futures tied to the Dow Jones Industrial Average were trading little changed. In Thursday's after-hours trading session, shares of Lululem...
Traders work on the floor of the New York Stock Exchange. NYSE S&P 500 futures ticked lower on Thursday night as traders looked ahead to the release of May's jobs report. Futures tied to the broad market index slipped 0.2%, while Nasdaq 100 futures dipped 0.4%. Futures tied to the Dow Jones Industrial Average were trading little changed. In Thursday's after-hours trading session, shares of Lululemon Athletica sank 10% after the athleisure company lowered its full-year earnings and revenue guidance , citing headwinds. The company's outlook for its current quarter also came below what analysts were expecting. During the day's regular session, the blue-chip Dow Jones Industrial Average climbed 874.86 points, or 1.73% to a fresh record close. The S&P 500 added 0.41%, while the Nasdaq Composite slipped 0.09%, weighed down by a rotation out of the technology sector. "A lot of us would prefer a broadening of the market, and when we say that I think it's no longer broadening away from Mag Seven, it's really a broadening away from semi-cap equipment and hardware," said Charles Kantor , senior portfolio manager at Neuberger Wealth, on CNBC's " Closing Bell: Overtime " on Thursday afternoon. "You had a little bit of that today, but the pipeline of demand for stuff related to building out compute and data centers from now even into 2030 is a powerful force." Investors are now looking ahead to the May nonfarm payrolls report , which will be released at 8:30 a.m. on Friday morning. Economists surveyed by Dow Jones expect the latest data to show that just 80,000 jobs were added last month, which would be lower than the average of 150,000 jobs over the prior two months. The consensus also sees the unemployment rate holding steady from April at 4.3%. On Thursday, President Donald Trump said that he would be "honored" to meet Ayatollah Mojtaba Khamenei , Iran's Supreme Leader, "if it was to make a deal." The U.S.-Iran war has dragged on into its fourth month, and the conflict between...
Stocks in Asia were set to edge lower on Friday as investors grappled with a pullback in artificial-intelligence shares and hopes of a diplomatic resolution to tensions in the Middle East. Equity-index futures for Japan and South Korea pointed to losses at the open, while those for Hong Kong signaled gains. Contracts for US stocks were lower after investors rotated out of chipmakers and into a bro...
Stocks in Asia were set to edge lower on Friday as investors grappled with a pullback in artificial-intelligence shares and hopes of a diplomatic resolution to tensions in the Middle East. Equity-index futures for Japan and South Korea pointed to losses at the open, while those for Hong Kong signaled gains. Contracts for US stocks were lower after investors rotated out of chipmakers and into a broader range of sectors, helping lift the Dow Jones Industrial Average to a record high. The Nasdaq 100 fell 0.5%, recovering from an intraday decline of as much as 1.6%, while the S&P 500 rose 0.4%. US oil steadied in early Asian trading after falling in the previous session as investors bet the US and Iran were moving closer to a diplomatic breakthrough following a conditional ceasefire between Israel and Lebanon. The optimism came even after Hezbollah’s rejection on Thursday of a US-backed truce proposal in Lebanon. The blistering run in semiconductor stocks from war-driven lows took a breather as tech giant Broadcom’s forecast for sales of AI chips disappointed investors hoping for more. With chipmakers having rallied sharply on optimism around artificial-intelligence spending, some traders used the disappointment as an opportunity to lock in gains and rotate into sectors viewed as better positioned to benefit from a resilient economy. “The rally off the March lows has been an extremely strong one. In fact, it has been parabolic, especially for the chip stocks,” said Matt Maley at Miller Tabak. “Therefore, if the earnings report from Broadcom is the catalyst for a pullback that lasts more than a day or two, it would actually be healthy for the stock market.” Meanwhile, President Donald Trump said ceasefire talks are in the “final” stages. Earlier, Iran’s foreign minister said the negotiations had stalled. On Wednesday, Iran fired missiles and drones at Kuwait and Bahrain, killing one person and injuring dozens at Kuwait’s main airport, after the US struck an oil tanker he...
Corning (NYSE:GLW) has signed multi-year agreements to supply optical connectivity solutions for AI infrastructure to large customers including Meta. The company has also entered a technology and manufacturing partnership with Nvidia focused on AI data center connectivity. These arrangements are tied to a plan to expand Corning's U.S. manufacturing capacity for optical communications used in AI da...
Corning (NYSE:GLW) has signed multi-year agreements to supply optical connectivity solutions for AI infrastructure to large customers including Meta. The company has also entered a technology and manufacturing partnership with Nvidia focused on AI data center connectivity. These arrangements are tied to a plan to expand Corning's U.S. manufacturing capacity for optical communications used in AI data centers. Corning is best known for specialty glass and optical communications products that...
A job seeker visits the recruiting booth for Generali Global Assistance during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena in Sunrise, Florida, April 30, 2026. Joe Raedle | Getty Images The stronger-than-expected start this year for job creation could be in for a reality check when the Bureau of Labor Statistics releases the May nonfarm payrolls report Friday. Economi...
A job seeker visits the recruiting booth for Generali Global Assistance during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena in Sunrise, Florida, April 30, 2026. Joe Raedle | Getty Images The stronger-than-expected start this year for job creation could be in for a reality check when the Bureau of Labor Statistics releases the May nonfarm payrolls report Friday. Economists surveyed by Dow Jones expect the employment rolls to show that just 80,000 jobs were added during the month, which would mark a notch step down from the average of 150,000 over the prior two months, including 115,000 in April . Moreover, some prominent Wall Street voices think the month could feature some catch-up for a labor market that was teetering at this time last year, with risks to the downside for the headline number. "We're continuing to hear and see the low-hire, low-fire sentiment, which is that if you have a job, it's OK right now," said Laura Ullrich, director of economic research at Indeed Hiring Lab. "People are continuing this kind of job-hugging trend. But if you're looking for a job, it's a very hard time to find a job because hires are so low." Ullrich added that she "wouldn't be surprised" if the May number comes in at or below consensus. BLS data earlier this week showed a surprise jump in job openings for April, but the level of those quitting their jobs is at its lowest since August 2020, during the pandemic era. The consensus sees the unemployment rate holding steady at 4.3%. "From a macro point of view, we're going to see stagnation, because if people aren't leaving jobs and they're not creating new jobs, it's just a quite stagnant market," she said. watch now VIDEO 2:32 02:32 AI didn't break job market but it is reshuffling it, says Revelio Labs' Evan Sohn The Exchange Around Wall Street, expectations are muted as economists expect that mild weather and other seasonal factors helped boost the prior numbers other than in February, which saw a de...
CrowdStrike Holdings reported strong first‑quarter fiscal 2027 results, swinging to a US$27.77 million profit on revenue of US$1.39 billion, raised its full‑year revenue outlook, and announced a four‑for‑one stock split effective in early July 2026. Beyond the headline numbers, CrowdStrike is deepening its AI push by hiring former NVIDIA engineering leader Dr. Bartley Richardson as Chief AI and Au...
CrowdStrike Holdings reported strong first‑quarter fiscal 2027 results, swinging to a US$27.77 million profit on revenue of US$1.39 billion, raised its full‑year revenue outlook, and announced a four‑for‑one stock split effective in early July 2026. Beyond the headline numbers, CrowdStrike is deepening its AI push by hiring former NVIDIA engineering leader Dr. Bartley Richardson as Chief AI and Autonomous Systems Officer, aiming to advance “Security AGI” and more autonomous cyber...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Glenmede Chief of Investment, Strategy, and Research Jason Pride, Space Capital Founder & CEO Chad Anderson, World Labs Co-Founder & CEO Fei-Fei Li, SW Retail Advisors Founder & President Stacey Widlitz, SPG Global Managing Di...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Glenmede Chief of Investment, Strategy, and Research Jason Pride, Space Capital Founder & CEO Chad Anderson, World Labs Co-Founder & CEO Fei-Fei Li, SW Retail Advisors Founder & President Stacey Widlitz, SPG Global Managing Director Simon Gallagher, Goldman Sachs’ Asad Haider, Lazard Asset Management CIO Eric Van Nostrand, Coresight Research Founder & CEO Deborah Weinswig, The Conference Board Senior US Economist Yelena Shulyatyeva, Quantinuum CEO Raj Hazra, Ciena CEO Gary Smith, & Nike Global Football VP & GM Camilo Andrade. (Source: Bloomberg)
Shares of D-Wave Quantum (QBTS) surged nearly 49% in May. While the stock was caught up in the larger market rally -- the S&P 500 jumped 5.15% in May while the Nasdaq Composite soared 8.36% -- a major announcement from the federal government sent shares flying. The biggest catalyst came later in the month from the U.S. Department of Commerce, which announced it will invest $2 billion in the quantu...
Shares of D-Wave Quantum (QBTS) surged nearly 49% in May. While the stock was caught up in the larger market rally -- the S&P 500 jumped 5.15% in May while the Nasdaq Composite soared 8.36% -- a major announcement from the federal government sent shares flying. The biggest catalyst came later in the month from the U.S. Department of Commerce, which announced it will invest $2 billion in the quantum industry under the CHIPS and Science Act. Nine quantum computing companies -- including D-Wave -- will receive funds. The government and D-Wave signed a letter of intent for a $100 million investment in exchange for an equity stake. The market's reaction to the news was immediate. D-Wave stock surged over 33% that day alone, as investors digested the news of such a large investment from the federal government. Continue reading