Premarket News

Klarna’s 2022 cohort brought in $12 in annual revenue per consumer in their first year, which has now increased to $52, indicating a massive 333% surge.

The company reported a loss of $0.25 per share on revenue of $187 million, compared to Wall Street estimates of a loss of $0.07 per share on revenue of $205 million.

POET Technologies has signed a supply agreement with Lumilens for electrical-optical interposer-based engines.

Bitcoin fell below $80,000 ahead of the Senate Banking Committee’s CLARITY Act markup on hotter-than-expected inflation data and the largest single-day of net outflows from BTC ETFs since January.

The biotech firm unveiled Phase 2 results for Diranersen, its experimental Alzheimer’s therapy.

Telecom operators stated that the joint venture will use satellite-based direct-to-device (D2D) communications technology to expand their wireless mobile networks in rural areas and address coverage gaps.

Driven by Papzimeos sales, Precigen posted a revenue of $23.3 million, which came in above Wall Street’s estimates of $20.8 million, according to Fiscal.ai data.

The company said its platform can maintain the data quality standards necessary for AI model training, thus saving time, energy, and resources.

The U.S. President stated that he had very productive and positive conversations with the Chinese delegation on Thursday.

United Microelectronics stated that the new technology platform provides up to 40% reduction in power consumption and 35% reduction in chip area compared to UMC's existing 22-nanometer technology.

According to a Reuters report, Huang expressed optimism that Trump and Xi would build on their good relationship during the U.S. President’s two-day state visit to China.

Marvell shares gained tracking an upbeat quarterly report from networking market peer Cisco.

The company reported strong revenue growth and is expanding U.S. manufacturing.

Cisco reported better-than-expected third-quarter results and raised its forecasts for the year.

Data from Stocktwits shows that retail sentiment around SPY flipped to “extremely bullish,” while tech optimism lifted QQQ sentiment back into bullish territory as AI momentum stayed firmly in focus.

Smaller firms, including Group One Trading and Mariner, also aggressively increased positions, though some investors trimmed exposure.

Musk also criticized Delta Air Lines after the airline rejected Starlink for its fleet.

The U.S. Commerce Department has cleared Nvidia server sales to Alibaba, Tencent, JD.com, and ByteDance, among others, according to a Reuters report.

BlackRock increased its AST SpaceMobile stake by 22% as of March 31, adding 2.57 million shares.

BofA hiked its price target for Micron to $950 from $500, while maintaining its ‘Buy’ rating on the stock.

The company announced major silicon photonics agreements expected to deliver $1.3 billion in revenue in 2027, while posting a better-than-expected Q1 print.

Producer prices rose 1.4% in April from the prior month, nearly triple economist forecasts for a 0.5% increase and annual PPI jumped to 6%, marking the sharpest increase in four years.

The company reported first-quarter revenue of $57 million, beating analysts’ estimates of $56.4 million.

Wolfspeed shares have rallied sharply in May, driven by a strong third-quarter print and a significant reduction in debt.

Nebius reported adjusted earnings per share of $2.11 in Q1, compared to a loss of $0.48 per share during the same period a year ago.

The company reported a loss of $0.18 per American Depository Share in the first quarter, wider than the consensus estimate.

Jane Street sharply reduced its holdings in major Bitcoin ETFs, including IBIT and FBTC, during the first quarter of 2026.

CEO Eddie Wu stated that the group anticipates a massive agentic AI potential and has been strengthening synergies between AI and the consumer ecosystem.

Penguin Solutions reported that its AI-driven business revenue soared by more than 50% year over year in the first half of fiscal year 2026.

In a post on X, MN Fund chief investment officer Michael van de Poppe said Bitcoin’s price could rally to $90,000 after the expected CLARITY Act markup in the Senate tomorrow.

First-quarter results came in below expectations, with a significant profit miss.

Investors are betting on SpaceX’s transformation into a broader AI, satellite broadband and orbital infrastructure company ahead of its anticipated mega IPO.

Samsung rival SK Hynix’s shares jumped as well, fueling a surge in the widely-watched memory ETF, DRAM.

Investors rotated into smaller space-defense companies related to satellite infrastructure, launch systems and orbital defense tech.

Under Armour’s fourth-quarter report and its guidance failed to cheer investors, with the company expecting a decline in revenue for fiscal year 2027.

Saylor said “key language” tied to stablecoin rewards and distributed ledger participation in the CLARITY Act are essential for digital yield markets.

Consumer price index (CPI) rose 0.6% in April on a seasonally adjusted basis, after rising 0.9% in March.

In an exchange of posts on X, MSTR’s Michael Saylor pushed back against Ray Dalio’s argument that Bitcoin has failed to establish itself as a safe-haven asset.

D-Wave Quantum reported a loss of $0.05 per share on revenue of $2.9 million, compared to Wall Street estimates of a loss of $0.08 per share on revenue of $4.14 million.

Economists expect headline inflation to rise 3.8% year-over-year and 0.6% month-over-month.

The company announced supply agreements for U.S. LNG with notable international customers and reported a 59% surge in first-quarter revenue.

Parsons Corp said it secured a position on a multiple-award task order contract, its second Pentagon award in May.

The Singapore-based tech conglomerate reported earnings per share of $0.67 on revenue of $7.1 billion, while Wall Street analysts expected an EPS of $0.77 on revenue of $6.4 billion.

Brokerages remained largely bullish on HIMS despite a first-quarter earnings miss, betting on the company’s long-term growth potential.

The company’s results benefited from strengthened partnerships with leading home appliance makers, which drove sales growth in its core unit.

Despite the selloff, retail chatter surged as investors debated whether the company could become a long-term winner in space infrastructure.

Lawmakers have until the end of Tuesday evening to submit amendments to the proposed legislation on the crypto market structure.

High-Trend International Group announced Class A shareholder approval to increase the voting power of Class B shareholders.

The company cited multiple reasons for rejecting GameStop’s acquisition proposal, which offered $125 per share to eBay’s shareholders and valued the deal at $56 billion.

Reddit and X users speculate that Qualcomm might be eyeing a stake in POET.