• Arteris stock is challenging resistance. Why is AIP stock breaking out?

Arteris Q1 Highlights

Arteris posted first-quarter revenue of $22.94 million, beating analyst estimates of $21.03 million, according to Benzinga Pro. The company reported an adjusted loss of three cents per share, beating estimates for a loss of seven cents per share.

Total revenue was up 39% on a year-over-year basis. Annual contract value and royalties increased 39% year-over-year to $92.80 million. Remaining performance obligations totaled $118.30 million at quarter’s end, up 33% year-over-year.

“Our customers continue to innovate across high-growth areas, including AI-enabled chips and chiplet architectures spanning data centers, edge devices and emerging physical AI systems,”  said K. Charles Janac, president and CEO of Arteris.

“As these increasingly complex systems require a combination of high performance, energy efficiency, functional safety and cybersecurity, we believe we are well positioned to enable efficient and secure data movement across a broad range of end-markets.”

Arteris expects second-quarter revenue to be in the range of $23 million to $24 million, versus estimates of $22 million. The company also raised its full-year 2026 revenue guidance from a range of $89 million to $93 million to a new range of $91 million to $95 million, versus estimates of $91.01 million.

Arteris also announced that CFO Nicholas Hawkins will retire on Aug. 31, 2026. Hawkins will continue to serve as a company advisor to ensure a smooth transition.

AIP Shares Surge After Hours

AIP Price Action: Arteris shares were up 7.89% in after-hours, trading at $34.99 at the time of publication on Thursday, according to Benzinga Pro.

Image: Shutterstock.com

• Oklo stock is trending after earnings. Where is OKLO stock going?

Oklo Q1 Earnings Highlights

Oklo posted a loss of 19 cents per share for the first quarter, beating analyst estimates for a loss of 20 cents per share, according to Benzinga Pro.

The company said it has used $17.90 million of cash in operations year-to-date and $359 million of cash for investing activities. Oklo reported a net loss of $33.07 million and a loss from operations of $51.25 million for the quarter.

Oklo exited the quarter with approximately $1.60 billion of cash and cash equivalents and $900 million of marketable securities. The company expects to utilize its existing cash to fund construction of its powerhouses, fuel and radioisotope businesses, operations and growth plans.

Oklo noted that it believes its existing cash, cash equivalents and marketable debt securities will be sufficient to fund its operations for one year.

Oklo broke ground on its first Aurora powerhouse in September. The company continues to target the deployment of its first powerhouse in 2028.

Oklo executives will further discuss the quarter on an earnings call with investors and analysts at 5 p.m. ET.

OKLO Shares Slide After The Close

OKLO Price Action: Oklo shares were down 0.86% in Tuesday’s after-hours session, trading at $73 at the time of publication, according to Benzinga Pro.

Image: Shutterstock.com

• VELO stock is moving. Watch the price action here.

Velo3D Q1 Details       

Velo3D reported quarterly losses of 20 cents per share, which beat the consensus estimate for losses of 48 cents, according to Benzinga Pro data. 

Quarterly revenue clocked in at $13.82 million, which beat the Street estimate of $9.85 million by 40.26% and was up from $9.32 million in the same period last year.

3D Printer and parts revenue increased 60% compared to the first quarter of 2025, driven by an increase in the average selling price, number of systems sold and an increase in RPS revenues, the company said.

“For the first quarter, we delivered a strong start to 2026 with revenue up 48% year‑over‑year, reflecting recent sales momentum and disciplined execution across our end markets,” said Arun Jeldi, CEO of Velo3D. 

Outlook

Velo3D reaffirmed its previous guidance for 2026 revenue between $60 million and $70 million and to turn EBITDA positive in the second half of 2026.

VELO Stock Price: According to data from Benzinga Pro, Velo3D stock was up 14.51% to $16.10 in Tuesday's extended trading.  

Photo: Shutterstock

The rout began after a senior South Korean official floated a proposal to redistribute artificial-intelligence profits from memory giants Samsung Electronics Co. and SK Hynix Inc. directly to citizens — a political headline that rapidly triggered a global repricing across semiconductor and AI-linked names.

The selloff was especially severe in memory-related names that had recently surged amid AI enthusiasm. Roundhill Memory ETF (BATS:DRAM) plunged 8.5% after rallying 50% in just a month.

Individual chip stocks also cratered. SanDisk fell more than 11%, while Micron slid over 10%. Western Digital Corp. (NASDAQ:WDC), Seagate Technology Holdings PLC (NASDAQ:STX) and Qualcomm Inc (NASDAQ:QCOM) also posted sharp losses.

Leveraged Semiconductor ETFs Magnify Volatility

The broader chip sector came under intense pressure, with the iShares Semiconductor ETF (NASDAQ:SOXX) down 4.8%.

That amplified losses in leveraged ETFs tracking the sector, with SOXL — which seeks to deliver three times the daily performance of semiconductor stocks — facing a steep 20% decline intraday. Meanwhile, traders rotated into SOXS, the inverse leveraged ETF designed to benefit from falling semiconductor shares, which shot up 20%.

Tuesday's dramatic reversal underscored the risks tied to leveraged semiconductor ETFs during periods of elevated volatility.

Because products like SOXL and SOXS reset daily and seek to magnify moves by three times, sudden sector swings can rapidly intensify both gains and losses. After months of relentless AI-driven momentum, the semiconductor selloff highlighted how quickly crowded trades can unwind when sentiment abruptly shifts.

For traders betting heavily on the AI boom through leveraged ETFs, the session served as a reminder that in the semiconductor market, momentum can reverse just as fast as it builds.

Photo: Shutterstock

This collaboration aims to enhance the shopping experience by offering clear and trustworthy payment methods as AI reshapes consumer purchasing behavior.

• Integration Scope: Affirm’s payment options will be available within Google Search and the Gemini app.
• User Experience: Shoppers will undergo a real-time eligibility check and can select a payment plan with transparent terms.
• Consumer Benefits: No late or hidden fees, providing clarity and confidence in purchase decisions.

The collaboration with Google reflects Affirm’s commitment to providing transparent and flexible financial solutions. As AI increasingly influences shopping decisions, Affirm’s integration ensures that payment options remain reliable and secure. Ashish Gupta, VP/GM of Merchant Shopping at Google, emphasized the importance of these options in evolving shopping journeys.

Transforming Consumer Payments Through AI

Affirm’s approach to payments, which includes no hidden fees and clear terms, aligns with the growing demand for straightforward financial products. This integration is part of a broader strategy to embed transparency and consumer-first principles across digital shopping platforms.

Additionally, Affirm has developed an early version of Buy Now, Pay Later (BNPL) extensions for the Universal Commerce Protocol (UCP), further positioning itself as a leader in agentic commerce. This move aims to gather feedback and refine its offerings, ultimately empowering consumers and businesses alike.

How Affirm’s Strategy Redefines Transparency

The expansion of Affirm’s payment options through Google marks a significant step in the company’s mission to deliver honest financial products. As these features roll out in the coming weeks, consumers and merchants will benefit from enhanced flexibility and confidence in their financial transactions.

Vishal Kapoor, SVP of Product at Affirm, highlighted the importance of clear financial terms in the age of AI-driven commerce, stating that products with hidden terms will not withstand the shift towards more transparent solutions.

AFRM Price Action: Affirm Holdings shares were down 1.34% at $66.73 at the time of publication on Tuesday, according to Benzinga Pro data.

Photo by IgorGolovniov via Shutterstock

One analyst thinks buying Tesla stock today could get Optimus exposure for “free” based on the sum-of-the-parts.

• Tesla shares are retreating from recent levels. What’s pressuring TSLA stock?

The Tesla Analyst

Piper Sandler analyst Alexander Potter maintained an Overweight rating on Tesla stock with a price target of $500

Analyst Says Optimus Is Free With Tesla Stock

In a new investor note, Potter breaks down the value of different aspects of Tesla's businesses.

Declaring that "Tesla isn't a car company," Potter highlights the future value of Tesla's non-EV businesses.

The report includes revenue and profit estimates for 17 different product lines. Together, those 17 products make up around $400 per share in value for Tesla.

"Critically, this analysis excludes Optimus, Tesla's forthcoming humanoid robot. In other words, at $400/share, we think investors can buy Optimus for ‘free,'" Potter said.

The model from Potter assigns financial forecasts for Insurance and separates the robotaxi business from FSD, items that weren't factored into the last detailed report from Piper Sandler.

The analyst said FSD subscriber counts and robotaxi metrics will be important to show improvement in the future and to help justify a value of at least $400 per share for Tesla stock.

"Optimus and inference-as-a-service are thesis-defining products that, arguably, will be worth more than Tesla's other businesses combined. But where to begin forecasting products with the potential to fundamentally reshape labor markets and alter global GDP?"

Potter said future reports could assign a value to Optimus, but for now investors are getting this humanoid robotics segment for “free,” based on the value of other Tesla segments.

Optimus Future Valuation

Getting Optimus for “free” could be a huge value for Tesla investors, especially if the unit becomes as valuable as Tesla CEO Elon Musk believes it can be.

Musk has said that FSD and Optimus are “the biggest factors” in Tesla achieving its Master Plan Part 4.

“80% of Tesla’s value will be Optimus,” Musk tweeted previously.

"I think that's probably correct if we execute well on autonomous transport and Optimus," Musk said.

In June 2024, Musk also said Optimus could help Tesla hit a $25 trillion market capitalization.

Musk has placed a huge significance on Optimus for Tesla’s future. The Tesla CEO previously said Optimus “has the potential to be more significant than the vehicle business over time,” and separately that roughly 80 percent of Tesla’s future value will come from the robot program.

Musk believes Tesla’s future value could be worth more than $20 trillion, making Optimus a multi-trillion bet for the company.

Musk also once said, “Optimus will be an incredible surgeon,” hinting at potential medical capabilities.

The Tesla CEO has highlighted household work such as cooking and mowing lawns as tasks Optimus can complete in the future, along with helping parents with their children or taking care of the elderly.

"We're also on the cusp of something really tremendous with Optimus, which I think is likely to be or has potential to be the biggest product of all time,” Musk previously said, claiming it has five times the productivity of a person, since it can technically operate 24 hours a day while being plugged in.

Tesla is expected to begin third-party sales and high-volume production of Optimus in 2027.

For Tesla investors, the bet on Optimus could be big for the future and a good value based on Potter's sum-of-the-parts valuation.

Tesla Stock Price Action

Tesla stock trades at $430.08 on Tuesday versus a 52-week trading range of $273.21 to $498.83. Tesla stock is down 3.2% year-to-date in 2026.

Image via Shutterstock

Aramark Revenue Growth Accelerates

Aramark reported adjusted earnings of 49 cents per share, beating analysts' consensus estimate of 47 cents per share. Revenue rose 15% year over year to $4.91 billion, ahead of the Street estimate of $4.76 billion. The company drove growth through net new business wins and expansion across its base business portfolio.

The company said foreign currency translation added about $101 million to quarterly revenue.

Food and Support Services United States revenue increased 12% from a year earlier. Food and Support Services International revenue climbed 21%.

CEO John Zillmer said the company is gaining traction in the hyperscale AI data center market through the launch of Aramark Nexus.

"We're excited about our entry into the hyperscale AI data center market with the launch of Aramark Nexus where we bring proven expertise in highly complex operations and an established competitive advantage," Zillmer said.

"As we execute on our new multi-year engagement with a top global hyperscaler, this client is expected to become the largest in our portfolio. We believe there is substantial growth potential with this client and other hyperscalers, combined with the existing sales momentum occurring throughout our broader portfolio."

Cash Flow Improves, Dividend Declared

Aramark reported net cash provided by operating activities of $400 million in the quarter, up 56% from the prior-year period.

Aramark's board approved a quarterly dividend of 12 cents per share, previously announced May 6. The dividend is scheduled to be paid June 3.

Aramark Outlook Reaffirmed

Aramark reaffirmed fiscal 2026 adjusted earnings guidance of $2.18 to $2.28 per share. Analysts are estimating earnings of $2.22 per share.

The company said it expects organic revenue growth to land at the high end of its previously projected 7% to 9% range. Adjusted operating income growth is still expected to increase between 12% and 17% for the year.

ARMK Price Action: Aramark shares were up 8.73% at $48.45 at the time of publication on Tuesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.

Photo by Jonathan Weiss via Shutterstock

This news comes as the broader Healthcare sector is gaining 2.39%, making it the best-performing sector today, while major indices like the S&P 500 are experiencing a loss of 1.0%.

Rigel To Support VEPPANU Development

Rigel Pharmaceuticals has announced a licensing agreement to develop and commercialize VEPPANU, with plans to contribute up to $40 million towards development over the next four years.

PROTACs are part of a new class of heterobifunctional protein degraders designed to harness the body’s natural machinery to degrade, rather than inhibit, disease-causing proteins selectively.

In the Phase 3 VERITAC-2 trial of vepdegestrant in patients with estrogen receptor-positive (ER+)/human epidermal growth factor receptor 2-negative (HER2-), estrogen receptor 1 (ESR1)-mutated advanced or metastatic breast cancer (mBC), vepdegestrant was generally well tolerated and demonstrated a statistically significant and clinically meaningful improvement in progression-free survival (PFS) as compared to fulvestrant.

The agreement allows Rigel to launch VEPPANU in the U.S. and pursue global rights, potentially leading to significant revenue growth.

FDA Approved VEPPANU In May 2026

In May 2026, the U.S. Food and Drug Administration (FDA) approved vepdegestrant for ER+/HER2-, ESR1-mutated advanced or metastatic breast cancer.

The approval was based on data from the VERITAC-2 clinical trial showing the drug reduced the risk of disease progression or death by 43% compared to fulvestrant.

Median PFS was 5.0 months in the vepdegestrant arm and 2.1 months in the fulvestrant arm.

Overall survival was immature, with 16% of deaths in this population at the time of the PFS analysis.

RIGL Price Action: Rigel Pharmaceuticals shares were up 10.69% at $29.00 at the time of publication on Tuesday, according to Benzinga Pro data.

Photo: Shutterstock

This significant move comes as the broader market is experiencing a mixed day, with the Communication Services sector gaining slightly by 0.10%, while the S&P 500 is down by 0.87%.

The investment deal, which involves Allen Family Digital acquiring 40 million shares at $3.00 per share, is expected to close by the end of May 2026, subject to customary conditions.

The proposed investment will see Allen Family Digital, LLC acquire a majority stake in BuzzFeed, which includes a total purchase price of $120 million. Following this transaction, Byron Allen will take over as Chairman and CEO, while founder Jonah Peretti transitions to President of BuzzFeed AI.

Despite the positive news for BuzzFeed, the overall market sentiment remains cautious, as indicated by the declines in major indices like the Nasdaq and Russell 2000, which are down 2.17% and 2.11%, respectively.

Quarterly Results

On Monday, the company reported first quarter earnings per share of 40 cents loss, missing the analyst consensus estimate of 27 cents loss. Quarterly revenues of $31.572 million missed the Street view of $35.079 million.

Advertising revenue declined year over year, while strong growth in content revenue was offset by weakness in commerce and other revenue streams.

The company exited the quarter with cash and equivalents worth $6.846 million.

Technical Analysis

BuzzFeed’s recent surge has pushed its price significantly above key moving averages. Currently, the stock is trading 108.2% above its 20-day simple moving average (SMA) of 76 cents and 122.2% above its 50-day SMA of 71 cents. The 100-day SMA is at 80 cents, indicating that the stock is also well above this level.

The Relative Strength Index (RSI) is currently at 47.49, suggesting that the stock is in a neutral zone, indicating that it is neither overbought nor oversold. This positioning allows for potential further upside if momentum continues to build.

• Key Resistance: $2.68 — This level represents the 52-week high and is a significant barrier for the stock.
• Key Support: 54 cents — This is the 52-week low, providing a crucial floor for price action.

BuzzFeed is part of the Communication Services sector, which is currently ranked 5 out of 11 sectors. The sector’s modest gain of 0.10% contrasts sharply with BuzzFeed’s impressive rise, highlighting its strong performance relative to its peers. Over the past 30 days, the sector has only gained 0.74%, while BuzzFeed’s current movement suggests it is capitalizing on unique opportunities within the market.

Despite the sector’s mid-tier performance, BuzzFeed’s significant price increase indicates a strong reaction to company-specific news, setting it apart from the broader trends affecting the Communication Services sector.

BuzzFeed’s recent investment by Byron Allen’s family office is pivotal as it not only provides liquidity but also positions BuzzFeed for potential growth and operational focus under new leadership. This transition could lead to innovative strategies, particularly in the realm of AI, as Jonah Peretti shifts his focus to developing new technologies.

Earnings & Analyst Outlook

Investors are looking ahead to the next earnings report on August 6, 2026.

• EPS Estimate: Loss of 14 cents (Up from Loss of 28 cents YoY)
• Revenue Estimate: $43.11 million (Down from $46.39 million YoY)

Price Action

BZFD Stock Price Activity: BuzzFeed shares were up 122.63% at $1.62 at the time of publication on Tuesday, according to Benzinga Pro data.

Photo via Shutterstock

The stock’s movement comes as the Healthcare sector is currently the best-performing sector, gaining 2.43%, while the broader market is mixed, with the S&P 500 down 0.7%.

Study Meets Primary And Secondary Endpoints

The REVITALYZ study demonstrated that LUMRYZ met all primary and key secondary endpoints, showing statistically significant improvements compared to placebo in excessive daytime sleepiness and patient-reported disease severity.

Alkermes plans to file a supplemental New Drug Application with the FDA by the end of 2026 based on these positive results.

The FDA approves LUMRYZ for excessive daytime sleepiness or cataplexy in patients 7 years of age and older with narcolepsy.

LUMRYZ is not currently approved for idiopathic hypersomnia.

Pursuant to the terms of a previously disclosed settlement and license agreement, Alkermes may not market, offer for sale, take orders for, distribute, promote, or provide patient support services with respect to LUMRYZ for idiopathic hypersomnia before March 1, 2028, even if the FDA approves before that date.

ALKS Technical Analysis: Momentum And Key Support Levels

Alkermes has shown a strong upward momentum, currently trading at $37.28, which is 9.1% above its 20-day simple moving average (SMA) of $34.22. The moving average convergence divergence (MACD) is above its signal line, indicating that downside pressure is easing and momentum is improving relative to the prior downswing.

• Key Resistance: $36.60 — This level marks the recent 52-week high, suggesting it could act as a barrier for further upward movement.
• Key Support: $33.00 — a nearby level where buyers previously stepped in, indicating potential buying interest.

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $45.67. Recent analyst moves include:

• UBS: Buy (Raises Target to $48.00) (May 6)
• Wells Fargo: Overweight (Raises Target to $44.00) (May 6)
• Needham: Buy (Raises Target to $50.00) (May 6)

ALKS Price Action: Alkermes shares were up 6.68% at $37.84 at the time of publication on Tuesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.

Photo: Shutterstock

Reuters reported that the streaming giant, which ended 2025 with more than 325 million paid subscribers, said non-English-language content now represents over one-third of total viewing, driven by global hits such as Squid Game and Money Heist.

The company also launched its "Netflix Effect" report, highlighting the economic, cultural and social impact of its content worldwide.

Netflix Stock Rebounds Despite Broader Market Weakness

Netflix stock is trading higher on Tuesday as buyers step in after a sharp, extended pullback that has pushed the stock into oversold territory and set up a bounce attempt.

With the Nasdaq down 1.71% while the S&P 500 has shed 0.57%, Netflix's strength looks more like a stock-specific technical rebound than a broad risk-on tape.

Technical Analysis Signals Oversold Conditions

Netflix is still in a longer-term downtrend: it's trading 6.3% below its 20-day SMA, 7.9% below its 50-day SMA, 3.3% below its 100-day SMA, and 14.9% below its 200-day SMA.

The 20-day SMA sitting below the 50-day SMA keeps the near-term trend bearish, and the death cross that formed in December 2025 (50-day below 200-day) reinforces that the bigger-picture trend has been under pressure.

Momentum is the more interesting part of the setup right now, with RSI at 28.85—an oversold reading that often signals selling pressure has become stretched.

In plain English, RSI helps gauge whether a move has gone "too far, too fast," and this level suggests the stock is trying to stabilize after February's washout (when RSI first slipped into oversold territory).

From a levels standpoint, the first area traders will watch is whether rebounds can reclaim overhead supply near the mid-$90s.

• Key Resistance: $94.50 — lines up closely with the 20-day SMA/EMA zone where recent rebounds can stall
• Key Support: $75.00 — sits right on the 52-week low area ($75.01), a spot where buyers previously defended the tape

Analyst Ratings And Price Forecasts

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $114.15. Recent analyst moves include:

• Piper Sandler: Overweight (Raises forecast to $115.00) (April 17)
• Oppenheimer: Outperform (Lowers forecast to $120.00) (April 17)
• Barclays: Equal-Weight (Lowers forecast to $110.00) (April 17)

Netflix Price Action

NFLX Price Action: Netflix shares were up 2.80% at $87.84 at the time of publication on Tuesday, according to Benzinga Pro data.

Image via Shutterstock

After nearly two years of AI-driven market leadership by Nvidia Corp (NASDAQ:NVDA), shares of Alphabet Inc (NASDAQ:GOOGL) have surged into the spotlight. The Google parent is closing in on crossing Nvidia as the world’s most valuable company. Alphabet has rallied roughly 23% so far this year, outpacing Nvidia's 14% gain over the same period.

The shift is now spilling into ETFs tied to cloud computing, software, internet platforms and diversified AI exposure — signaling what some analysts are calling the "second wave" of the AI ETF trade.

From AI Builders To AI Monetizers

The first phase of the AI rally overwhelmingly favored chipmakers and infrastructure providers. Semiconductor-focused funds like VanEck Semiconductor ETF (NASDAQ:SMH) and iShares Semiconductor ETF (NASDAQ:SOXX) became some of the market's hottest trades as Nvidia emerged as the face of the generative AI boom.

Now, investors appear increasingly focused on firms capable of turning AI spending into sustained revenue growth across advertising, cloud services, enterprise software and autonomous driving.

Alphabet's latest quarterly results accelerated that narrative. The company reported first-quarter revenue of $110 billion, up 22% year over year, while Google Cloud revenue surged 63% to $20 billion. Operating margins remained above 36% even as Alphabet doubled capital expenditures to $35.7 billion to expand AI infrastructure.

The company's expanding AI ecosystem — spanning Gemini models, custom TPUs, YouTube, Search, Waymo and cloud security firm Wiz — has strengthened the case for broader AI-platform ETFs over pure semiconductor bets.

ETFs Riding Alphabet's AI Momentum

That dynamic is benefiting diversified technology and cloud funds with sizable Alphabet exposure.

Among the unconventional winners are

• iShares US Technology ETF (NYSE:IYW) has surged nearly 19% over the past month and 17% YTD, with Alphabet (share classes A and C) representing roughly 13% of holdings.
• Motley Fool 100 Index ETF (BATS:TMFC) has climbed close to 9% over the past month. The fund allocates more than 9% to Alphabet Share Class C (NASDAQ:GOOG).
• Invesco Nasdaq Internet ETF (NASDAQ:PNQI), another heavy Alphabet play (with 10% weightage), has benefited from renewed enthusiasm around internet and AI-platform companies.
• Cloud-focused ETFs including First Trust Cloud Computing ETF (NASDAQ:SKYY) and Global X Cloud Computing ETF (NASDAQ:CLOU) are also seeing renewed investor attention over the past month as enterprise AI adoption accelerates. Both the funds are up 15% and 20%, respectively in the past 30 days.

Why Alphabet's AI Position Looks Different

The broader shift suggests Wall Street may be rotating from "AI builders" toward "AI monetizers."

Unlike Nvidia, whose fortunes remain closely tied to AI hardware demand, Alphabet controls multiple layers of the AI stack — chips, models, cloud distribution and consumer applications — allowing it to directly integrate AI into profitable businesses.

Its diversified revenue streams also differentiate it from many AI peers. Beyond Gemini and cloud computing, Alphabet continues to benefit from resilient Search advertising, YouTube growth and the expansion of autonomous-driving unit Waymo.

Valuation Risks Still Loom

Despite the momentum, valuation concerns remain for both the stocks. Alphabet now trades around 28 times forward earnings, according to Benzinga Pro, while Nvidia's forward multiple is roughly 27x.

That raises the risk that any slowdown in AI spending, regulatory scrutiny or softer cloud demand could pressure the stock after its massive rally.

For ETF investors, however, diversified AI exposure may offer a middle ground: participation in Alphabet's AI momentum without taking on the full risk of a single-stock trade in an increasingly crowded market.

Image: Shutterstock

Hot Inflation Cools Market Sentiment

Broad market pressure followed Tuesday's Bureau of Labor Statistics report. April inflation climbed to 3.8%, exceeding the 3.7% forecast. The Bureau noted that the energy index rose 3.8% in April.

Pre-Earnings Jitters And Short Interest

The company is due to report its first-quarter 2026 results this Thursday. Analysts currently estimate a loss per share of 30 cents on revenue of $21.14 million. WhiteFiber has missed EPS estimates for two consecutive quarters.

Bearish bets against the stock are rising. Short interest recently climbed to 2.62 million shares, representing 23.29% of the company's float. Based on average volume, it would take 3.7 days for shorts to cover.

Critical Levels To Watch for WYFI Stock

From a trend perspective, WYFI is still extended above its key moving averages: it's trading 36% above the 20-day SMA of $17.70, 53.2% above the 50-day SMA of $15.71, and 42.4% above the 100-day SMA of $16.90.

RSI is the clearest momentum tell right now, sitting at 80.84—deep in overbought territory.

The longer-term backdrop is still bullish: the 20-day SMA is above the 50-day SMA, and the stock is up 48.40% over the past 12 months.

• Key Resistance: $24
• Key Support: $22

WYFI Price Action: Whitefiber shares were down 7.52% at $24.95 at the time of publication on Tuesday, according to Benzinga Pro data.

Photo Courtesy: Gorodenkoff via Shutterstock

After detecting the intrusion on May 4, the company activated incident response protocols, took systems offline globally to contain the breach, notified law enforcement, and hired external cyber-forensic experts.

West Pharmaceutical Restores Core Systems As Investigation Continues

The investigation into the scope of the attack and impacted data remains ongoing.

The incident temporarily disrupted global operations, the company noted in an SEC filing.

The pharmaceutical packaging company said it has restored core enterprise systems, while shipping, receiving, and manufacturing activities have resumed at some sites.

Restoration work at remaining sites is still underway, and the company has not provided a timeline for full recovery.

The company said it has not yet determined the financial or operational impact of the incident.

Analyst Sees Near-Term Uncertainty

William Blair analyst on Tuesday wrote, "While the disclosure no doubt introduces near-term uncertainty regarding operations and the potential resulting financial implications, we view the company's initial response as swift and comprehensive."

Analyst Matt Larew further added, "However, given the limited visibility into the magnitude and lasting impact of the disruption, we look for further updates from the company, including confirmation of restoration at the remaining impacted sites and additional disclosure quantifying any financial impacts."

William Blair maintains a rating of Outperform for the stock, and that rating is predicated on West being a high-quality, franchise name that provides quality and dependable earnings and cash flow, a clear leadership competitive position, and access to attractive end-market trends without a single product or technology risk.

WST Price Action: West Pharmaceutical shares were down 2.02% at $315.77 at the time of publication on Tuesday, according to Benzinga Pro data. Over the past month, WST has gained about 25.2% versus a 8.2% rise in the S&P 500 and is up roughly 17% year-to-date compared to the index's 6.9% gain.

Hack-Photo TippaPatt via Shutterstock

The proposal was a Facebook post. The market response was a six-figure global repricing.

A Hurricane Hits Memory Stocks, Semis After Relentless Rally

The iShares MSCI South Korea ETF (NYSE:EWY) fell 9.8% by 1 p.m. trading in New York, on pace for its worst day since March 3, 2026.

The Roundhill Memory ETF (NASDAQ:DRAM) — which had rallied over 90% in slightly more than a month — collapsed 11.8%, its worst day since the fund launched in April 2026. 

The iShares Semiconductor ETF (NASDAQ:SOXX) shed 6.9%, the steepest one-day drop since April 10, 2025, when the post-Liberation Day tariff selloff cratered chip names.

The damage inside the chip complex was concentrated in memory and adjacent storage names. 

SanDisk Corp. fell 11.12%, Micron Technology Inc. dropped 10.30%, Western Digital Corp. (NASDAQ:WDC) lost 9.30%, and Seagate Technology Holdings PLC (NASDAQ:STX) fell 7.77%.

Broader semiconductor names linked to the AI-infrastructure trade also suffered heavy losses: Qualcomm Inc. (NASDAQ:QCOM) tumbled 14.87%, Credo Technology Group Holding Ltd. (NASDAQ:CRDO) fell 12.64%, and Intel Corp. (NASDAQ:INTC) dropped 10.97%.

What Triggered Tuesday’s Chip Rout

The catalyst came from Kim Yong-beom, chief of the South Korean Presidential Policy Office and the most influential economic voice in the Lee Jae-myung administration after the president himself.

In a Facebook post late Monday, Kim argued that Korea’s strategic position in the global AI infrastructure supply chain is producing a structural boom in chipmaker profits — and that a slice of the resulting excess tax revenue should be redistributed to citizens through what he called a “national dividend” or “citizen dividend.”

He pointed to Norway’s sovereign wealth fund as a model rather than Alaska’s Permanent Fund Dividend or Andrew Yang’s universal basic income proposal.

The KOSPI, which had touched a record 7,999.67 earlier in the session and was a single point away from breaking 8,000 for the first time in history, plunged as much as 5.1% in minutes, wiping out roughly $300 billion in market capitalization. Samsung and SK Hynix led the decline.

Foreign investors dumped an estimated $3.8 billion of Korean shares in a single session.

Kim later clarified that he was referring to excess tax revenue generated by AI-era growth, not a direct windfall levy on corporate profits. A Blue House official told Bloomberg News that the remarks reflected Kim’s personal opinion and were not the subject of formal policy discussions. Samsung and SK Hynix recouped much of their early losses.

The KOSPI closed down 2.29%.

The retracement in Seoul did not save US-listed memory names. It was no longer about how much Samsung and SK Hynix would pay in Korean taxes.

It was about whether the political logic Kim had introduced — that the AI infrastructure buildout creates excess profits that belong to society — could spread.

The Bigger Question: Who Owns The AI Profits?

The AI infrastructure boom has produced extreme corporate profit concentration.

Samsung alone is on pace to post 330 trillion won ($220 billion) in operating profit this year, which would rank it second only to Nvidia Corp. (NASDAQ:NVDA) among the world’s most profitable companies — ahead of Apple Inc. (NASDAQ:AAPL) and Alphabet Inc. (NASDAQ:GOOGL).

SK Hynix is forecast to deliver 239 trillion won in 2026 operating profit. Those numbers are an order of magnitude larger than the chipmakers’ historical baselines.

That kind of profit concentration creates political gravity.

Kim’s proposal is the first time a senior official inside a major AI-supplier economy has publicly asked the question: do these profits belong entirely to shareholders, or does the public infrastructure that enabled them entitle citizens to a share?

The episode also exposed how fast positioning has become. The DRAM ETF was already up roughly 100% in 2026 before Tuesday’s session and memory names had gone vertical.

SanDisk had surged more than 4,000% since its early-2025 spinoff debut.

When a single Facebook post can wipe out double-digit percentages from stocks priced for memory perfection, the lesson is less about Korea than about how leveraged the trade had become to the assumption that AI memory profits would flow uninterrupted to private shareholders.

Image: Shutterstock

Revenue surged 95% year over year to $476.7 million, driven by higher realized silver and gold prices, while holding back $63.6 million in bullion inventory.

The company said revenue growth was supported by a 161% increase in realized silver prices and an 81% rise in realized gold prices, along with stronger sales volumes from key mines including La Encantada, Santa Elena and Los Gatos. The quarter also included $63.6 million in silver and gold held in inventory.

Production And Costs

Silver production totaled 3.5 million ounces, down slightly from 3.7 million ounces a year earlier and representing 26% of the midpoint of the company's 2026 guidance.

Gold production fell to 34,341 ounces from 36,469 ounces in the prior-year quarter, accounting for 28% of the midpoint of full-year guidance.

Cash costs per attributable silver-equivalent ounce increased to $20.28 from $13.68 a year earlier, primarily due to lower reported silver-equivalent production.

The company said the decline in silver-equivalent ounces reflected stronger silver prices relative to other metals, reducing the silver-equivalent conversion ratio to 75:1 from 90:1 in the first quarter of 2025.

All-in sustaining costs per silver-equivalent ounce rose to $29.76 from $19.24 a year earlier, mainly due to higher cash costs, worker participation payments and sustaining development expenses tied to elevated mine development activity.

Profitability And Cash Flow Improve

Mine operating earnings climbed to $266.6 million from $63.8 million a year earlier, supported by higher metal prices and improved operating leverage, particularly at La Encantada.

Adjusted EBITDA increased 192% year over year to $320.8 million, while adjusted earnings rose to 31 cents per share from 5 cents per share in the prior-year quarter.

Free cash flow totaled $223.5 million, despite $95.5 million in tax payments, while operating cash flow before working capital and taxes rose 182% year over year to $310.6 million.

Treasury holdings increased 20% quarter over quarter to a record $1.13 billion, up from $937.7 million at the end of 2025, including $143.8 million in restricted cash.

The company also raised its quarterly dividend nearly four times to $0.0171 per share.

AG Price Action: First Majestic Silver shares were down 1.40% at $23.25 at the time of publication on Tuesday, according to Benzinga Pro data.

Photo via Shutterstock 

Mizuho Lifts Price Forecast

Mizuho maintained an outperform rating on DraftKings on Tuesday. The firm raised its price forecast from $44 to $45. This update follows a wave of analyst activity on Monday.

Guggenheim's Vamil Divan maintained a Buy but lowered his price forecast to $35. Meanwhile, Barclays raised its price forecast to $35.

Q1 Earnings Double Beat

The positive sentiment stems from the May 7 earnings report. DraftKings reported adjusted earnings of 20 cents per share, which crushed the consensus estimate of 2 cents per share. Revenue hit $1.646 billion, edging out the expected $1.644 billion.

CEO Jason Robins credited customer engagement for the growth. "We are off to a fantastic start to the year," Robins stated. Average revenue per monthly unique payer rose 21% year-over-year to $131.

Expanding Market Footprint

DraftKings now operates mobile sports betting in 27 states and offers iGaming in five states. This reach covers roughly 53% of the U.S. population.

DraftKings Technical Levels To Watch

From a trend perspective, DraftKings is still trying to repair longer-term damage: it's trading 22.8% below its 200-day SMA of $32.57 and 6.3% below its 100-day SMA of $26.85.

That said, the stock is now back above its shorter-term baselines—about 7% above the 20-day SMA ($23.51) and 6.5% above the 50-day SMA of $23.62.

• Key Resistance: $26.50
• Key Support: $21

DKNG Price Action: DraftKings shares were up 1.86% at $24.96 at the time of publication on Tuesday, according to Benzinga Pro data.

Photo: Wirestock Creators / Shutterstock

Earnings Snapshot

Revenue fell 18% year over year (Y/Y) to $174.6 million, missing analyst estimates of $179.15 million, according to Benzinga Pro.

The decline was mainly driven by an 18% drop in average Bitcoin prices, which reduced revenue by about $33.1 million. Lower production contributed another $2.5 million decline, while a $3.7 million decrease in other revenue reflected reduced digital asset and hosting income compared to the prior year.

The company produced 2,247 BTC at an average price of $76,288 and sold 20,880 BTC at $70,137. Total blocks won declined slightly to 653.

The company reported a record energized hashrate of 72.2 EH/s, up 33% Y/Y, as of March 31, 2026.

Profitability

Marathon Digital Holdings reported adjusted EBITDA loss of $1.0 billion, compared with a loss of $483.6 million in the prior year period.

The wider loss was primarily due to a decline in bitcoin prices, which led to a significant negative mark-to-market impact on the fair value of the company's digital asset holdings.

The Bitcoin (CRYPTO: BTC) mining company reported an adjusted loss of 61 cents per share, beating analyst estimates for a loss of $2.15 per share.

Marathon ended the quarter with 35,303 in total Bitcoin holdings, and $2.9 billion in combined unrestricted cash and Bitcoin holdings (including pledged assets).

Key Development

Marathon Digital highlighted its Long Ridge site as a vertically integrated platform combining multiple value streams across power, compute, and infrastructure.

The site spans 1,600 acres with sub-$0.015/kWh power costs, supported by PJM interconnection and owned generation assets.

It includes a 200 MW Bitcoin mining operation generating cash flow and a 505 MW gas plant (485 MW currently saleable, rising to 505 MW in H2 2026) that is already EBITDA-positive.

Overall, the platform offers over 1 GW of potential capacity, with plans to scale up to ~600 MW of AI and critical IT load over time.

MARA Price Action: MARA Holdings shares were down 8.55% at $12.24 at the time of publication on Tuesday, according to Benzinga Pro data.

Photo Via Shutterstock

The company is scheduled to release quarterly results after the market close on May 12, followed by a conference call. Wall Street expects a loss of 18 cents per share, while revenue is projected to rise to $239.88 million from $224.08 million a year earlier, according to Benzinga Pro.

The pullback comes after a sharp run-up in the stock, with Oklo shares soaring more than 170% over the past 12 months. Despite Tuesday’s decline, the stock remains elevated relative to key short- and medium-term moving averages, signaling continued momentum.

Oklo, Idaho National Laboratory Partnership

Separately, Oklo announced Tuesday a partnership with Battelle Energy Alliance, the management and operating contractor for Idaho National Laboratory, to use AI-enabled engineering tools to accelerate advanced reactor and fuel-system design.

The project will integrate INL’s Prometheus AI platform with Oklo’s design infrastructure to support development of Pluto, its plutonium-fueled reactor system under the DOE’s Reactor Pilot Program.

Oklo said the collaboration will streamline modeling, simulation and technical documentation workflows while keeping human oversight in place.

Technical Analysis: Momentum Versus Key Moving Averages

Over the past 12 months, Oklo has seen a remarkable increase of 170.81%. Currently, the stock is trading 8.9% above its 20-day simple moving average (SMA) of $69.78 and 24.3% above its 50-day SMA of $61.13, indicating strong short-term momentum. However, it is trading 12.2% below its 200-day SMA of $86.51, which suggests potential resistance at higher levels.

The MACD is currently above its signal line, indicating that downside pressure is easing, which may suggest improving momentum compared to the previous downswing. This could be a positive sign for investors as the stock navigates through its current price action.

Oklo Analyst Outlook

The stock carries a Buy rating with an average price forecast of $102.77. Recent analyst moves include:

• JP Morgan: Initiated with Neutral (forecast $83.00) (May 11)
• Tigress Financial: Initiated with Buy (forecast $130.00) (April 27)
• HSBC: Initiated with Buy (forecast $96.00) (April 23)

Growth And Momentum Rankings Versus The Market

Below is the Benzinga Edge scorecard for Oklo, highlighting its strengths and weaknesses compared to the broader market:

• Momentum: Bullish (Score: 89.01) — Stock is outperforming the broader market.

The Verdict: Oklo’s Benzinga Edge signal reveals a strong momentum profile, indicating that the stock is currently performing well relative to the market. This momentum could attract further investor interest as the company progresses with its innovative projects in the nuclear energy sector.

Oklo ETF Exposure: Global X Uranium ETF (URA) Weighting

• Global X Uranium ETF (NYSE:URA): 5.87% Weight

Significance: Because OKLO carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

OKLO Price Action: Oklo shares were down 7.99% at $71.89 at the time of publication on Tuesday, according to Benzinga Pro data.

Photo via Shutterstock 

Headline Consumer Price Index accelerated to 3.8% year-over-year in April from 3.3% prior, the highest reading since March 2023 and above the 3.7% consensus, driven largely by gasoline prices.

Core inflation also surprised to the upside at 2.8%, leaving the Fed widely expected to keep rates on hold throughout the year, while markets currently price in a roughly 30% probability of a 25-basis-point rate hike in December.

The 10-year Treasury yield jumped about 4 basis points to 4.46%, nearing March highs, while the 30-year yield breached the psychologically important 5.02% level and the 2-year traded near 4.0%.

By Midday Tuesday…

Across U.S. equity markets, losses were broad-based but concentrated in technology and small caps. The Nasdaq 100 led the way lower as the semiconductor complex collapsed.

The S&P 500 fell 0.9% to 7,347, while the Nasdaq 100 sank 2.1% to 28,699 as the AI-infrastructure trade unraveled.

President Donald Trump criticized an Iranian counteroffer to end the war, and said the month-long ceasefire is “unbelievably weak”.

WTI crude climbed to $101.43 a barrel by midday, up 3.4%, while Brent rose 3.3% to $107.60.

Gold pulled back 1.4% to $4,671 per troy ounce as a stronger dollar and surging real rates trumped haven demand, with the SPDR Gold Shares (NYSE:GLD) tracking the move lower.

Tuesday’s Performance In Major US Indices

According to the Benzinga Pro platform:

• The Vanguard S&P 500 ETF (NYSE:VOO) fell 0.9%.
• The SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) slipped 0.3%.
• The Invesco QQQ Trust (NASDAQ:QQQ) dropped 2.1%.
• The iShares Russell 2000 ETF (NYSE:IWM) sank 2.3%.

South Korea’s ‘AI Citizen Dividend’ Hammers Memory Rally

Memory and chip equipment names led the carnage as South Korea mulled establishing a universal dividend funded by the recent surge in AI infrastructure stocks, threatening to claw back gains in the sector. 

Sandisk Corp. (NASDAQ:SNDK) tumbled 9.0%, Intel Corp. (NASDAQ:INTC) slid 8.9%, Micron Technology Inc. (NASDAQ:MU) dropped 8.6%, and Western Digital Corp. (NASDAQ:WDC) fell 7.6%.

Chip equipment names followed lower with Applied Materials Inc. (NASDAQ:AMAT) down 5.5%, Lam Research Corp. (NASDAQ:LRCX) off 5.4%, ASML Holding N.V. (NASDAQ:ASML) down 5.3% and Broadcom Inc. (NASDAQ:AVGO) lower by 3.6%.

QUALCOMM Incorporated (NASDAQ:QCOM) sank 13% on a continuation of the post-earnings slide.

Tuesday’s Earnings Movers

• Zebra Technologies Corp. (NASDAQ:ZBRA) jumped 18% to lead the Russell 1000 after first-quarter adjusted EPS of $4.75 crushed the $4.33 consensus and revenue rose 14% to $1.5 billion. Management raised full-year adjusted EPS guidance to the $18.50 midpoint, a 2.8% bump that ratified a constructive read on enterprise mobile-computing demand.
• The Wendy’s Company (NASDAQ:WEN) ripped 15% after Q1 adjusted EPS of about $0.12 on revenue of $540.6 million beat consensus, despite global systemwide sales falling 5.5% and same-restaurant sales dropping 6.8%. The catalyst was a newly inked franchise agreement to develop up to 1,000 restaurants in China, a strategic pivot investors rewarded despite the soft headline comp.
• Ralliant Corporation (NYSE:RAL) surged 14% after reporting first-quarter results and raising full-year guidance, the post-spinoff industrial name’s first definitive proof point to public-market investors. 
• Aramark (NYSE:ARMK) climbed about 10% after second-quarter adjusted EPS of 49 cents beat the 47-cent consensus on revenue of $4.91 billion vs. $4.75 billion expected, with management taking fiscal 2026 organic revenue growth to the high end of the prior 7-9% range.

On The Downside

• ZoomInfo Technologies Inc. (NASDAQ:GTM) collapsed 33% after the data-intelligence firm slashed full-year 2026 revenue guidance to $1.185-$1.205 billion from $1.247-$1.267 billion previously, well below the $1.272 billion consensus, despite Q1 EPS of $0.28 beating the $0.18 estimate.
• Under Armour Inc. (NYSE:UAA) tumbled 17% after Q4 fiscal 2026 EPS came in at -$0.03 versus -$0.02 expected on $1.17 billion revenue, with North America sales down 7% and fiscal 2027 guidance pointing to continued revenue declines and weak profit. 
• AST SpaceMobile Inc. (NASDAQ:ASTS) fell 13% after first-quarter revenue of $14.7 million missed the $39.0 million consensus by a wide margin, with management flagging a $155-$160 million asset write-off in Q2 tied to a satellite loss. 
• AECOM (NYSE:ACM) dropped 11% as fiscal Q2 revenue of $3.80 billion missed Street estimates and was flat year-over-year, with the top-line shortfall overshadowing a $1.59 adjusted EPS beat and a raised FY26 outlook.
• Elsewhere, Hims & Hers Health Inc. (NYSE:HIMS) plunged 15% after Q1 earnings missed expectations.

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