Key Points Fiscal third-quarter revenue rose 10%, and management raised its full-year revenue and earnings guidance. TurboTax growth slowed, and the company announced a 17% workforce reduction. The stock now trades at a fraction of its historical valuation. 10 stocks we like better than Intuit › Shares of financial software giant Intuit (NASDAQ: INTU) plunged 20% on Thursday after the company repo...
Key Points Fiscal third-quarter revenue rose 10%, and management raised its full-year revenue and earnings guidance. TurboTax growth slowed, and the company announced a 17% workforce reduction. The stock now trades at a fraction of its historical valuation. 10 stocks we like better than Intuit › Shares of financial software giant Intuit (NASDAQ: INTU) plunged 20% on Thursday after the company reported its latest quarterly results and outlined plans to cut about 17% of its full-time workforce. That drop comes on top of an already brutal year for the stock, leaving shares down more than 50% in 2026 and even further below the all-time high of about $814 reached last summer. What is unusual about this drop is that it followed what investors usually cheer: results above the company's own guidance and a higher full-year forecast. The maker of TurboTax, QuickBooks, Credit Karma, and Mailchimp also said it would expand its share repurchase program and raise its dividend. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » But there was a darker backdrop to the news. The market is asking whether artificial intelligence (AI) tools could erode the very part of Intuit's franchise that was supposed to be its moat. So has the sell-off gone too far, or are the worries justified? Solid numbers and a raised outlook Intuit's fiscal third quarter of 2026 (the period ended April 30, 2026) is the company's seasonally biggest one, and the headline numbers were solid. Total revenue climbed 10% year over year to $8.6 billion, and non-GAAP (adjusted) earnings per share rose about 10% to $12.80. Strength across the business was broad-based. Credit Karma revenue jumped 15% to $631 million, with strength across personal loans, auto insurance, and home loans. In addition, the global business solutions segment, which houses QuickB...
After ending Wednesday's market session at the same level where it settled on Tuesday, shares of Plug Power (PLUG +14.20%) rocketed notably higher today. While those familiar with the fuel cell and hydrogen stock likely surmised that the company had announced an encouraging new deal -- or something else of note -- the reality is that the company had nothing positive to share. Instead, it was the n...
After ending Wednesday's market session at the same level where it settled on Tuesday, shares of Plug Power (PLUG +14.20%) rocketed notably higher today. While those familiar with the fuel cell and hydrogen stock likely surmised that the company had announced an encouraging new deal -- or something else of note -- the reality is that the company had nothing positive to share. Instead, it was the news of a deal between a fuel cell peer and an artificial intelligence (AI) company that drove investors to click the buy button on Plug stock today. Shares of Plug Power ended today's trading session at $3.78, a 14.2% rise over yesterday's close. It's not only nuclear that's drawing interest from operators of AI data centers Fuel cell specialist Bloom Energy (BE +9.06%) and Nebius, a leading AI company, announced a deal yesterday after the market closed. Bloom Energy will deploy its fuel cell technology to support the high-power demands of Nebius's AI cloud infrastructure. Expand NASDAQ : PLUG Plug Power Today's Change ( 14.20 %) $ 0.47 Current Price $ 3.78 Key Data Points Market Cap $4.6B Day's Range $ 3.25 - $ 3.88 52wk Range $ 0.74 - $ 4.58 Volume 115.5M Avg Vol 82M Gross Margin -2565.51 % Expected to commence operations in 2026, the first of Nebius's projects that will use Bloom's fuel cells will have 328 megawatts (MW) of installed capacity, and there's potential for the relationship to grow even further. Speaking to the merits of Bloom's fuel cell offering, Andrey Korolenko, Nebius's chief product and infrastructure officer, stated, "We expect to put this technology to work alongside our infrastructure as we continue to scale our capacity." Is now the time for investors to power their portfolios with Plug stock? In the absence of any news from the company, investors likely bid Plug stock higher today after speculating that AI data center operators will also choose to partner with Plug for future data center projects. Savvy investors, however, recognize there are bette...
Microsoft (NasdaqGS:MSFT) and EY agreed a more than US$1b multi year alliance aimed at accelerating enterprise AI adoption across core business functions. The partnership combines Microsoft’s AI engineering capabilities with EY’s consulting and implementation services to develop and deploy AI solutions for large organizations. Separately, Microsoft is in advanced talks to supply its custom Maia AI...
Microsoft (NasdaqGS:MSFT) and EY agreed a more than US$1b multi year alliance aimed at accelerating enterprise AI adoption across core business functions. The partnership combines Microsoft’s AI engineering capabilities with EY’s consulting and implementation services to develop and deploy AI solutions for large organizations. Separately, Microsoft is in advanced talks to supply its custom Maia AI chips to Anthropic, a fast growing AI company. For investors looking at NasdaqGS:MSFT, these moves sit at the intersection of software, cloud and AI infrastructure. The EY alliance focuses on getting AI deeper into day to day operations at large enterprises, from finance and risk to supply chain and customer engagement. In parallel, the Maia chip discussions with Anthropic illustrate Microsoft’s interest in playing a larger role in the hardware that underpins AI models. Together, these developments indicate how Microsoft is seeking to be present across more parts of the AI stack, from applications and services to custom chips. For shareholders, the key questions include how quickly enterprises adopt these AI offerings, how the economics of such partnerships and chip supply arrangements are structured, and how they fit alongside Microsoft’s existing cloud and AI products. Stay updated on the most important news stories for by adding it to your or . Alternatively, explore our to discover new perspectives on Microsoft. NasdaqGS:MSFT Earnings & Revenue Growth as at May 2026 The EY partnership and the Maia chip talks both push Microsoft further into enterprise grade AI, but in different ways. With EY, Microsoft is effectively adding a distribution and implementation layer for its AI tools into finance, tax, HR and supply chain workflows at large corporations. That can deepen usage of Microsoft 365, Azure and Copilot, and make it harder for rivals like Amazon and Google to displace those relationships. In contrast, the Maia discussions with Anthropic relate to the hardware and i...
NEW YORK, May 21 (Reuters) - The Texas Attorney General’s Office on Thursday sued WhatsApp and its parent company Meta Platforms Inc alleging they misled consumers about the strength and scope of WhatsApp's encryption measures, which a Meta spokesman denied. The lawsuit in Harrison County court says WhatsApp and Meta falsely assure users that WhatsApp messages are encrypted despite having acces...
NEW YORK, May 21 (Reuters) - The Texas Attorney General’s Office on Thursday sued WhatsApp and its parent company Meta Platforms Inc alleging they misled consumers about the strength and scope of WhatsApp's encryption measures, which a Meta spokesman denied. The lawsuit in Harrison County court says WhatsApp and Meta falsely assure users that WhatsApp messages are encrypted despite having access to “virtually all” private communications on the messaging app. “WhatsApp markets its services as secure and encrypted, but it does not deliver on those promises,” Texas Attorney General Ken Paxton said in a statement. Meta spokesman Andy Stone said on social media that the lawsuit’s allegations are false and that WhatsApp cannot access people’s encrypted communications. The lawsuit seeks a court order barring Meta and WhatsApp from accessing Texans’ WhatsApp messages without their consent, as well as monetary penalties. Texas’ lawsuit cites news reports about a federal investigation into claims that Meta had access to unencrypted WhatsApp messages and a whistleblower report to the U.S. Securities and Exchange Commission. The lawsuit was filed under the Texas Deceptive Trade Practices Act, the state’s main consumer protection law. Paxton’s office has filed a number of similar data privacy lawsuits against major companies including Google, which agreed in May 2025 to pay $1.375 billion to settle claims that it violated users’ data privacy. On May 11, Paxton’s office filed a lawsuit accusing Netflix of spying on children and other consumers by collecting their data without consent and designing its platform to be addictive. Netflix denied the allegations and said the lawsuit is based on inaccurate and distorted information. (Reporting by Jack Queen in New York; Editing by Cynthia Osterman)
The yield gap between short- and long-dated bonds in several Southeast Asian countries may widen further, as elevated oil prices increase inflationary pressures and deepen fiscal strains. The gap between two- and 10-year government bond yields swelled to its widest in over three years in both Thailand and the Philippines this month. A key part of the Malaysian yield curve has also steepened since ...
The yield gap between short- and long-dated bonds in several Southeast Asian countries may widen further, as elevated oil prices increase inflationary pressures and deepen fiscal strains. The gap between two- and 10-year government bond yields swelled to its widest in over three years in both Thailand and the Philippines this month. A key part of the Malaysian yield curve has also steepened since the Iran war began. The trend results from the mounting fiscal burden on governments in a region heavily exposed to energy imports, with authorities handing out fuel subsidies to cushion the blow of surging prices. Concerns about extra funding needs, as well as the recent global bond selloff due to a worsening inflation picture, has dampened investor appetite for long-dated sovereign debt in those markets. “Markets with weaker fiscal buffers or greater energy import dependence are likely more exposed to steepening risk, which means Asean markets seem most vulnerable should oil prices stay higher for longer,” said George Efstathopoulos , a portfolio manager at Fidelity International. “With oil prices likely to remain elevated, governments are already resorting to subsidies and transfers, adding to fiscal pressures.” The yield spread between two- and 10-year Thai government bonds is now about 110 basis points, its widest since November 2022, Bloomberg-compiled data show. The same part of the bond curve in the Philippines expanded to as much as 120 basis points earlier this month, marking the biggest gap since January 2023, before paring the gains. Citigroup Inc. strategists said in a note last week that there’s room for further curve steepening in both countries, partially due to weaker demand at auctions for long-dated notes. An auction to sell a Thai sovereign bond due in 2050 on May 13 received a bid-to-cover ratio of 1.17 times, the lowest for this tenor this year. A few days later, the Philippine government rejected all bids for a seven-year note it auctioned to prevent ...
(RTTNews) - The Malaysia stock market has moved lower in seven straight sessions, slipping almost 45 points or 2.5 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,710-point plateau although it may find traction on Friday. The global forecast for the Asian markets is cautiously optimistic on easing crude oil prices. The European markets were mixed and the U.S. bou...
(RTTNews) - The Malaysia stock market has moved lower in seven straight sessions, slipping almost 45 points or 2.5 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,710-point plateau although it may find traction on Friday. The global forecast for the Asian markets is cautiously optimistic on easing crude oil prices. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference. The KLCI finished modestly lower on Thursday following losses from the plantations and telecoms, while the financials and industrials were mixed. For the day, the index shed 9.33 points or 0.54 percent to finish at the daily low of 1,708.36 after peaking at 1,722.50. Among the actives, 99 Speed Mart Retail shed 0.30 percent, while AMMB Holdings sank 0.62 percent, Axiata cratered 1.99 percent, Celcomdigi and PPB Group both contracted 0.97 percent, CIMB Group fell 0.13 percent, Gamuda tumbled 1.36 percent, Hong Leong Bank rallied 2.12 percent, IHH Healthcare and Press Metal both slumped 0.78 percent, IOI Corporation surrendered 1.46 percent, Kuala Lumpur Kepong tanked 2.13 percent, Maxis added 0.28 percent, Maybank lost 0.18 percent, MISC rose 0.12 percent, MRDIY plummeted 5.29 percent, Nestle Malaysia climbed 1.05 percent, Petronas Chemicals plunged 4.39 percent, Petronas Dagangan eased 0.11 percent, Petronas Gas crashed 1.63 percent, RHB Bank dropped 0.72 percent, SD Guthrie retreated 1.17 percent, Sunway skidded 0.74 percent, Sunway Healthcare declined 1.09 percent, Telekom Malaysia stumbled 1.21 percent, YTL Corporation jumped 1.43 percent and YTL Power, Sime Darby, Tenaga Nasional and Public Bank were unchanged. The lead from Wall Street is positive as the major averages spent the first half of Thursday in the red before bouncing firmly into positive territory, ending near daily highs. The Dow climbed 276.31 points or 0.55 percent to finish at 50,285.66, while the NASDAQ added 22.74 points or 0.09 percent...
Shares of Nebius (NBIS +14.65%) spiked on Thursday after the data center operator formed a strategic partnership with Bloom Energy (BE +9.06%). Joining forces to power the AI revolution The two companies will work together to bring Bloom's impressive fuel cell technology to Nebius' rapidly expanding artificial intelligence (AI) factories. Electricity is quickly becoming the key bottleneck of the A...
Shares of Nebius (NBIS +14.65%) spiked on Thursday after the data center operator formed a strategic partnership with Bloom Energy (BE +9.06%). Joining forces to power the AI revolution The two companies will work together to bring Bloom's impressive fuel cell technology to Nebius' rapidly expanding artificial intelligence (AI) factories. Electricity is quickly becoming the key bottleneck of the AI boom. Bloom's solid oxide fuel cell systems can be an efficient energy source with minimal water use and essentially no pollution, as they generate electricity without combustion. "AI workloads demand power infrastructure that matches the performance of the cloud platforms they run on," Bloom chief commercial officer Aman Joshi said. "Our partnership with AI cloud leader Nebius brings together Bloom's clean fuel cell technology and AI-native infrastructure, and helps deliver a community-friendly, high-performance solution at scale." Expand NASDAQ : NBIS Nebius Group Today's Change ( 14.65 %) $ 28.11 Current Price $ 219.93 Key Data Points Market Cap $48B Day's Range $ 208.80 - $ 226.81 52wk Range $ 34.72 - $ 233.73 Volume 23M Avg Vol 17M Gross Margin 7.48 % A need for speed Additionally, fuel-cell systems often face fewer regulatory roadblocks than combustion-based systems, which enables them to be brought online faster. That's a major advantage, as AI data center construction is very much a race. "Clean power with virtually no pollutants is deployed onsite, on the timelines our customers need, with the availability AI workloads require," Nebius chief infrastructure officer Andrey Korolenko said. Nebius and Bloom expect their first project, with 328 megawatts (MW) of installed capacity, to begin operations later this year.
After several years flying high as Asia’s best Nvidia Corp. proxy, Taiwan Semiconductor Manufacturing Co. is increasingly vying with other artificial intelligence stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunc...
After several years flying high as Asia’s best Nvidia Corp. proxy, Taiwan Semiconductor Manufacturing Co. is increasingly vying with other artificial intelligence stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its American depositary receipts are being offered a broader set of Asian tech alternatives. As a result, TSMC shares are underperforming those of local chip designer MediaTek Inc. by the most since 2009. Meanwhile, Samsung Electronics Co. , the world’s largest memory maker, has narrowed its market valuation gap with TSMC to join it in the elite $1 trillion club. Read more: Samsung Hits $1 Trillion Valuation, Joining TSMC in Elite Club There’s a “structural diversification away from TSMC,” said Jason Hsu , Boston-based chief investment officer at Rayliant Global Advisors. New capital being raised in funds is “disproportionately going to other tech companies which also benefit from the record AI capex.” TSMC’s shares are up 44% this year on bumper sales and earnings, but that pales in comparison with gains of nearly 150% each in MediaTek and Samsung. This mirrors underperformance in shares of Nvidia even as it’s still seeing strong growth. There’s little doubt TSMC will continue to benefit from AI demand for some time, as the manufacturer of virtually all of Nvidia’s leading-edge graphics processing units. Still, other players are emerging as winners as AI moves deeper into the inferencing phase that focuses on targeted tasks. Hot trades have popped up among chip designers like MediaTek, which is helping Alphabet Inc. create application-specific integrated circuits. Need is also growing for l...
Interactive table based on the Store Companies dataset for this report. The article notes that AMD is a veteran chipmaker with a history of business cycles but faces determined competition from custom ARM processor makers. It expresses caution about AMD stock going forward, despite the overall positive market tide. AMD also benefited from positive sentiment surrounding Nvidia , the leading process...
Interactive table based on the Store Companies dataset for this report. The article notes that AMD is a veteran chipmaker with a history of business cycles but faces determined competition from custom ARM processor makers. It expresses caution about AMD stock going forward, despite the overall positive market tide. AMD also benefited from positive sentiment surrounding Nvidia , the leading processor maker, which reported its first-quarter fiscal 2027 results after the market closed. Bullishness about Nvidia 's performance helped lift tech hardware stocks. Additionally, Bank of America published an updated analysis of the server CPU market before trading opened. The bank raised its estimate for the market's size, now projecting it will grow from about $43 billion this year to $125 billion by 2030, up from a prior forecast of $110 billion. The analysts attributed this revision to processor demand for AI workloads, noting that CPUs will be central to the next phase of AI implementation—agentic functionality, where models actively perform complex tasks, as opposed to training, where they learn workflows. The rally in software stocks lifted AMD because stronger performance in that segment generally benefits semiconductor companies. Previously, legacy software businesses had suffered over concerns about disruption from artificial intelligence models capable of performing tasks faster and at lower cost. This report provides a comprehensive view of the global memories industry, tracking demand, supply, and trade flows across the worldwide value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply. Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between exporters and importers worldwide. The analysis is designed to support strategic pla...
Gunmen opened fire in two separate attacks on Thursday on the Honduran coast, killing at least 16 people, including six police officers, police said. The first incident took place at a plantation in the municipality of Trujillo in northern Honduras, where at least 10 workers were shot and killed, National Police spokesman Edgardo Barahona said. The resource-rich region has been the site of a decad...
Gunmen opened fire in two separate attacks on Thursday on the Honduran coast, killing at least 16 people, including six police officers, police said. The first incident took place at a plantation in the municipality of Trujillo in northern Honduras, where at least 10 workers were shot and killed, National Police spokesman Edgardo Barahona said. The resource-rich region has been the site of a decades-long agrarian conflict. Advertisement The Inter-American Commission on Human Rights has previously issued precautionary measures to some activists in the region who have been threatened, surveilled and intimidated for their work defending the environment and land rights. The 2024 killing of environmental leader Juan Lopez highlighted the dangers of defending natural resources in this highly militarised area of Honduras. Advertisement The Central American nation regularly ranks as one of the most dangerous for environmentalists, with five killed in 2024 and 18 the year before, according to non-governmental organisation Global Witness. Three people were recently arrested for masterminding Lopez’s killing, providing a rare glimpse of justice in a country with high rates of impunity.
In this article 753-HK 753-HK 670-HK 670-HK 1055-HK 1055-HK SIAL-SG 9201.T-JP 9202.T-JP Follow your favorite stocks CREATE FREE ACCOUNT ZHENGZHOU, CHINA - MAY 16: China Southern Airlines aircraft are seen parked at Zhengzhou Xinzheng International Airport on May 16, 2026, in Zhengzhou, Henan Province, China. Cheng Xin | Getty Images News | Getty Images China's biggest airline stocks have suffered ...
In this article 753-HK 753-HK 670-HK 670-HK 1055-HK 1055-HK SIAL-SG 9201.T-JP 9202.T-JP Follow your favorite stocks CREATE FREE ACCOUNT ZHENGZHOU, CHINA - MAY 16: China Southern Airlines aircraft are seen parked at Zhengzhou Xinzheng International Airport on May 16, 2026, in Zhengzhou, Henan Province, China. Cheng Xin | Getty Images News | Getty Images China's biggest airline stocks have suffered more than others since the war in Iran began, as a combination of factors weighs them down. The country's carriers are caught in a pincer of higher fuel costs and a price-wary domestic market being eroded by high-speed rail. Jet fuel prices soared after the U.S. and Israel launched attacks on Iran in February. And while many global peers are hedged against swings in fuel prices, Chinese airlines hedge little of their fuel purchases, making them vulnerable to a harder hit from the prolonged rise in oil prices. The so-called "Big Three" — Air China , China Eastern and China Southern Airlines — together account for the bulk of domestic capacity and are expected to record a combined net loss of 22 billion yuan ($3.2 billion) in 2026, swinging back into the red after the profitable first quarter, according to HSBC analysts. Their share priced have fallen around 30% since the war began, among the worst performers in the region, according to LSEG data. Singapore Airlines shares were down 9% as of Thursday over the same period, Korean Air Lines slipped 7%, Japan Airlines down 20%, and ANA Holdings 18%. The surging costs have triggered a wave of international and domestic flight cancellations. Multiple carriers have reduced or suspended international flight services since the outbreak of the war. And during the week ending May 14, domestic passenger flights in China fell 12.7% year-on-year while cancellation rates hit nearly 30%, both sharply worse than seasonal norms, according to Goldman Sachs. Jet fuel prices increased worldwide after the Iran war started, most of all in Asia-Pac...