Tech Stock News
Wednesday, May 20, 2026
NVIDIA's first quarter fiscal 2027 revenue of $81.6B beat estimates, driven by 92% growth in Data Center revenue.
NVIDIA reported record first quarter results, with revenue growing 85% year-over-year to $81.6 billion and non-GAAP EPS increasing 140% to $1.87. The company...
Intuit's third quarter 2026 revenue of $8.6B beat estimates and the company raised full-year guidance.
Intuit reported third quarter fiscal 2026 revenue of $8.6 billion, up 10% year-over-year, and non-GAAP EPS of $12.80. Both figures exceeded analyst...
OpenAI invests in every Y Combinator startup, offering $2 million in tokens
OpenAI CEO Sam Altman offered to invest in every startup within the current Y Combinator (YC) accelerator batch. Each participating company will receive $2...
OpenAI prepares confidential IPO filing, targeting $1 trillion valuation
ChatGPT creator OpenAI is preparing a confidential initial public offering filing for submission as early as this week. The company is drafting its prospectus...
OpenAI disproves 1946 ErdΕs conjecture, signaling major leap toward AGI
Astera Labs surges 13%, as RBC raises target on Amazon AI deal
π΄ INTU is trading 14% down today after announcing a 17% workforce reduction despite an earnings beat
Rocket Lab Establishes $3 Billion At-The-Market Equity Offering Program
Top Movers
TE
π’ TE is trading 25% up today as Roth Capital dismisses short-seller report
OKLO
π’ OKLO is trading 10.6% up today on a technical rebound after post-earnings selloff
WKSP
π’ WKSP is trading 10.5% up today on a technical rebound following its post-earnings selloff
IREN
π’ IREN is trading 10.4% up today as investors reassess Awaken deal and AI spending fears
SMCI
π’ SMCI is trading 10.2% up today on AI infrastructure rotation ahead of Nvidia earnings
DAL
π’ DAL is trading 10.2% up today after Berkshire Hathaway discloses $2.6B stake
CRDO
π’ CRDO is trading 10.1% up today after announcing an AI factory partnership with Rebellions
RDW
π’ RDW is trading 6.2% up today after securing a $15M U.S. Army follow-on order
PURR
π’ PURR is trading 6% up today as Chardan raises price target on HYPE token outlook
GFS
π’ GFS is trading 5.6% up today as AI and chip stocks rally ahead of Nvidia earnings
FSLR
π’ FSLR is trading 5.6% up today on India partnership and broader market rebound
CRWD
π’ CRWD is trading 5.4% up today after top Omdia ranking and SVA partnership
EOSE
π’ EOSE is trading 5.3% up today on technical rebound after fraud-related selloff
MPWR
π’ MPWR is trading 5.2% up today on increased institutional ownership and AI-driven growth optimism
BMNR
π’ BMNR is trading 5.2% up today as it rebounds alongside crypto and broader markets
Top Movers After Hours
APLD
π’ APLD surges 9% after announcing new major hyperscaler deal
SPIR
π’ SPIR is trading 5% up today as reaffirmed full-year guidance signals over 50% growth
CHAT
π’ Tech ETF (CHAT) is trading 1.7% up today ahead of key NVIDIA earnings
HCWB
π΄ HCWB is trading 8% down today on profit-taking after a 129% regular-session surge
INTU
π΄ INTU is trading 14% down today after announcing a 17% workforce reduction despite an earnings beat
Other News
Cerebras holds $95B valuation, fueled by Ark Invest and OpenAI deal
Micron Surges 4%, Fueled by Sold-Out AI Memory and Averted Strike
Samsung Averts 48,000-Worker Strike, Securing Global AI Chip Supply
Bloom Energy jumps 11% on $2.6 billion power deal with Nebius
Figma launches AI design assistant, intensifying competition with Adobe
Coherent Featured as a Noteworthy AI Infrastructure Investment
CoreWeave sees older Nvidia GPUs gain value, defying typical hardware depreciation
Microsoft Dismantles Global Malware-Signing Ring, Seizing Hundreds of Virtual Servers
ASML warns of prolonged chip shortages, driven by AI demand
XPeng Launches GX SUV with Deep Discounts, Targeting High-End Growth
Marvell Hits Record High, Wells Fargo Raises Target to $195
Skillz Appoints Robert Alex Walsh as New Chief Financial Officer, Effective July 13
Corning Partners with BOE on Next-Gen Glass, Targeting High-Growth Markets
Tesla Expands FSD to Lithuania, Accelerating European Rollout
MPWR Sees Increased Institutional Interest Amid Overvaluation Concerns
SanDisk shares jump 3%, fueled by Citigroup upgrade and AI demand
T1 Energy jumps 25%, after Roth Capital dismisses short-seller report
Palantir Secures $3.9 Million USDA Contract to Monitor Federal Employee Office Attendance
Synopsys taps Quantinuum for quantum chip simulation, targeting next-gen semiconductors
Zeta Global expands OpenAI partnership, unlocking enterprise advertising revenue
Trio-Tech International tumbles 10%, amid persistent insider selling
Microsoft hires Matthew Ball and AI veteran to lead Xbox strategy
Credo Technology partners with Rebellions, securing AI factory uptime
Take-Two Shares Slide, Missing Anticipated Grand Theft Auto 6 Pre-Order News
AE Industrial Partners Converts All Remaining Preferred Stock into Common Shares
Navitas Semiconductor's Path to Operating Breakeven Analyzed
Sony Announces June PlayStation Showcase Featuring 'Marvel's Wolverine'
Atlassian's Jira platform now generally allows tasks to be assigned to AI agents
CloudAlpha Capital Buys $22.7M AXT Stake, Amid Rising Institutional Demand
Energy Fuels faces 147% earnings estimate cut, despite bullish analyst ratings
Oracle accelerates $50 billion cloud expansion, powered by TikTok AI demand
BlackBerry AtHoc Renews Top-Tier U.S. Government Security Certification
Reliance Industries Surges 2.6%, Defying Market Slump Through Value Buying
Ciena Secures 90 WaveLogic 6 Customers, Fueling AI-Driven Network Growth
EU Reaches Deal to Implement US Trade Pact
Brookfield, AllianceBernstein, and Carlyle Unveil Private-Markets Solution for Retirement Plans
Virtuix deploys Omni One for AI therapy research, amid 86% stock decline