- Scott Peters
- 13 May, 2026
- New York City
Wolfspeed, Inc. soared 21% to $65.00 after the advanced semiconductor company reported results for the fiscal third quarter ending in March.
Revenue decreased to $150.2 million from $185.4 million, net loss shrank to $119.9 million from $285.5 million, and diluted loss per share rose to $3.05 from $1.86 a year ago.
The company emerged from a voluntary proceeding under Chapter 11 and qualified for the adoption of fresh-start accounting on September 29, 2026.
The company improved its equity position by $400 million after it refinanced its $476 million debt and lowered its annual interest payment by $62 million.
The company estimated fiscal fourth quarter revenue between $140 million and $160 million, operating expenses to match the previous quarter, and gross margin to remain negative.
Investors bid up the stock after the company confirmed the shift in focus to AI datacenter applications, as the company cited sequential revenue growth of 30% in the unit.
Birkenstock Holdings PLC decreased 3% to $35.02 after the shoe designer and maker reported weaker-than-expected results for the fiscal second quarter ending in March.
Revenue increased 8% to Є618 million, net income decreased 22% to Є82 million, and diluted earnings per share fell to 45 cents from 56 cents a year ago.
The German shoe designer guided its fiscal 2026 revenue growth in constant currency to range between 13% and 15%, adjusted gross margin between 57.0% and 57.5%, and adjusted earnings per share, including tariffs and foreign exchange translation, between €1.90 and €2.05.
- Scott Peters
- 13 May, 2026
- New York City
Wolfspeed, Inc. soared 21% to $65.00 after the advanced semiconductor company reported results for the fiscal third quarter ending in March.
Revenue decreased to $150.2 million from $185.4 million, net loss shrank to $119.9 million from $285.5 million, and diluted loss per share rose to $3.05 from $1.86 a year ago.
The company emerged from a voluntary proceeding under Chapter 11 and qualified for the adoption of fresh-start accounting on September 29, 2026.
The company improved its equity position by $400 million after it refinanced its $476 million debt and lowered its annual interest payment by $62 million.
The company estimated fiscal fourth quarter revenue between $140 million and $160 million, operating expenses to match the previous quarter, and gross margin to remain negative.
Investors bid up the stock after the company confirmed the shift in focus to AI datacenter applications, as the company cited sequential revenue growth of 30% in the unit.
Birkenstock Holdings PLC decreased 3% to $35.02 after the shoe designer and maker reported weaker-than-expected results for the fiscal second quarter ending in March.
Revenue increased 8% to Є618 million, net income decreased 22% to Є82 million, and diluted earnings per share fell to 45 cents from 56 cents a year ago.
The German shoe designer guided its fiscal 2026 revenue growth in constant currency to range between 13% and 15%, adjusted gross margin between 57.0% and 57.5%, and adjusted earnings per share, including tariffs and foreign exchange translation, between €1.90 and €2.05.
- Barry Adams
- 13 May, 2026
- New York City
Wall Street indexes inched higher amid renewed interest in semiconductor stocks and lingering uncertainty in the Strait of Hormuz.
The S&P 500 Index increased 0.3%, and the tech-heavy Nasdaq Composite advanced 0.7%, as investors remained optimistic about the artificial intelligence trade.
The West Texas Intermediate crude oil price decreased by 0.2% to $102.04 a barrel, and the international Brent crude oil price inched up 0.2% to $107.98 a barrel.
Despite the investor optimism, energy shipments through the Strait of Hormuz remained disrupted for the third month in a row, and continued hostilities in the Middle East are likely to prolong the closure of energy trade in the Persian Gulf.
Producer Prices In April Following Second Monthly Surge In Energy Prices
The producer price index soared in April, driven by a surge in wholesale prices of energy products, food, and transportation and warehousing services.
The measure of wholesale prices shot up 6.0% in April, the fastest annual increase since December 2022, when prices rose 6.4%.
The index for final demand less foods, energy, and trade services increased 4.4%, the largest 12-month increase since jumping 4.5% in February 2023.
The energy prices soared 7.8% in April, following a 10.1% rise in March from a year ago, according to a report released by the U.S. Bureau of Labor Statistics.
Over 40% of the April advance in prices for final demand goods can be attributed to a 15.6% increase in the index for gasoline.
Consumer price inflation accelerated to 3.8% in April from 3.3% in March, the highest since September 2023.
Core inflation, which excludes volatile food and energy prices, advanced to 2.8% from 2.6% in the previous month, according to a report from the U.S. Bureau of Labor Statistics on Tuesday.
U.S. Movers
Semiconductor stocks extended weekly and monthly gains as the rally approached a two-month anniversary.
NVIDIA, AMD, Broadcom, Micron Technology, and Intel advanced between 2% and 3%.
Wolfspeed, Inc. soared 21% to $65.00 after the advanced semiconductor company reported results for the fiscal third quarter ending in March.
Revenue decreased to $150.2 million from $185.4 million, net loss shrank to $119.9 million from $285.5 million, and diluted loss per share rose to $3.05 from $1.86 a year ago.
The company emerged from a voluntary proceeding under Chapter 11 and qualified for the adoption of fresh-start accounting on September 29, 2026.
The company improved its equity position by $400 million after it refinanced its $476 million debt and lowered its annual interest payment by $62 million.
The company estimated fiscal fourth quarter revenue between $140 million and $160 million, operating expenses to match the previous quarter, and gross margin to remain negative.
Investors bid up the stock after the company confirmed the shift in focus to AI datacenter applications, as the company cited sequential revenue growth of 30% in the unit.
Birkenstock Holdings PLC decreased 3% to $35.02 after the shoe designer and maker reported weaker-than-expected results for the fiscal second quarter ending in March.
Revenue increased 8% to Є618 million, net income decreased 22% to Є82 million, and diluted earnings per share fell to 45 cents from 56 cents a year ago.
The German shoe designer guided its fiscal 2026 revenue growth in constant currency to range between 13% and 15%, adjusted gross margin between 57.0% and 57.5%, and adjusted earnings per share, including tariffs and foreign exchange translation, between €1.90 and €2.05.
- Barry Adams
- 13 May, 2026
- New York City
Wall Street indexes inched higher amid renewed interest in semiconductor stocks and lingering uncertainty in the Strait of Hormuz.
The S&P 500 Index increased 0.3%, and the tech-heavy Nasdaq Composite advanced 0.7%, as investors remained optimistic about the artificial intelligence trade.
The West Texas Intermediate crude oil price decreased by 0.2% to $102.04 a barrel, and the international Brent crude oil price inched up 0.2% to $107.98 a barrel.
Despite the investor optimism, energy shipments through the Strait of Hormuz remained disrupted for the third month in a row, and continued hostilities in the Middle East are likely to prolong the closure of energy trade in the Persian Gulf.
U.S. Movers
Semiconductor stocks extended weekly and monthly gains as the rally approached a two-month anniversary.
NVIDIA, AMD, Broadcom, Micron Technology, and Intel advanced between 2% and 3%.
Wolfspeed, Inc. soared 21% to $65.00 after the advanced semiconductor company reported results for the fiscal third quarter ending in March.
Revenue decreased to $150.2 million from $185.4 million, net loss shrank to $119.9 million from $285.5 million, and diluted loss per share rose to $3.05 from $1.86 a year ago.
The company emerged from a voluntary proceeding under Chapter 11 and qualified for the adoption of fresh-start accounting on September 29, 2026.
The company improved its equity position by $400 million after it refinanced its $476 million debt and lowered its annual interest payment by $62 million.
The company estimated fiscal fourth quarter revenue between $140 million and $160 million, operating expenses to match the previous quarter, and gross margin to remain negative.
Investors bid up the stock after the company confirmed the shift in focus to AI datacenter applications, as the company cited sequential revenue growth of 30% in the unit.
Birkenstock Holdings PLC decreased 3% to $35.02 after the shoe designer and maker reported weaker-than-expected results for the fiscal second quarter ending in March.
Revenue increased 8% to Є618 million, net income decreased 22% to Є82 million, and diluted earnings per share fell to 45 cents from 56 cents a year ago.
The German shoe designer guided its fiscal 2026 revenue growth in constant currency to range between 13% and 15%, adjusted gross margin between 57.0% and 57.5%, and adjusted earnings per share, including tariffs and foreign exchange translation, between €1.90 and €2.05.
- Li Chen
- 13 May, 2026
- Hong Kong
China's indexes hugged the flatline, and investors reviewed the stalled peace process in the Middle East.
The Hang Seng Index declined 0.2%, the mainland-focused CSI 300 Index advanced 0.7%, and investors remained focused on corporate news.
The Brent crude oil prices decreased 1% to $106.10 a barrel, and prices remained elevated amid prolonged supply disruptions through the Strait of Hormuz.
A high-stakes summit between the leaders of China and the U.S. between May 14 and 15 is expected to cover several sensitive trade, military, and geopolitical issues.
However, investors are less enthusiastic about an immediate outcome that could lead to the reopening of the Strait of Hormuz.
China Indexes and Stocks
The Hang Seng Index decreased 0.2% to 26,286.79, and the mainland-focused CSI 300 Index rose 0.7% to 4,982.0.
Tech stocks erased some of the gains of the previous session, as investors booked profits.
Alibaba Group fell 0.4%, Tencent Holdings gained 1.2%, Baidu.com Inc. fell 1.6%, and Meituan advanced 4%.
- Li Chen
- 13 May, 2026
- Hong Kong
China's indexes hugged the flatline, and investors reviewed the stalled peace process in the Middle East.
The Hang Seng Index declined 0.2%, the mainland-focused CSI 300 Index advanced 0.7%, and investors remained focused on corporate news.
The Brent crude oil prices decreased 1% to $106.10 a barrel, and prices remained elevated amid prolonged supply disruptions through the Strait of Hormuz.
A high-stakes summit between the leaders of China and the U.S. between May 14 and 15 is expected to cover several sensitive trade, military, and geopolitical issues.
However, investors are less enthusiastic about an immediate outcome that could lead to the reopening of the Strait of Hormuz.
China Indexes and Stocks
The Hang Seng Index decreased 0.2% to 26,286.79, and the mainland-focused CSI 300 Index rose 0.7% to 4,982.0.
Tech stocks erased some of the gains of the previous session, as investors booked profits.
Alibaba Group fell 0.4%, Tencent Holdings gained 1.2%, Baidu.com Inc. fell 1.6%, and Meituan advanced 4%.
- Li Chen
- 13 May, 2026
- Hong Kong
China's indexes hugged the flatline, and investors reviewed the stalled peace process in the Middle East.
The Hang Seng Index declined 0.2%, the mainland-focused CSI 300 Index advanced 0.7%, and investors remained focused on corporate news.
The Brent crude oil prices decreased 1% to $106.10 a barrel, and prices remained elevated amid prolonged supply disruptions through the Strait of Hormuz.
A high-stakes summit between the leaders of China and the U.S. between May 14 and 15 is expected to cover several sensitive trade, military, and geopolitical issues.
However, investors are less enthusiastic about an immediate outcome that could lead to the reopening of the Strait of Hormuz.
China Indexes and Stocks
The Hang Seng Index decreased 0.2% to 26,286.79, and the mainland-focused CSI 300 Index rose 0.7% to 4,982.0.
Tech stocks erased some of the gains of the previous session, as investors booked profits.
Alibaba Group fell 0.4%, Tencent Holdings gained 1.2%, Baidu.com Inc. fell 1.6%, and Meituan advanced 4%.
- Scott Peters
- 07 May, 2026
- New York City
Advanced Micro Devices soared 21% to $429.58 after the chip and server company reported better-than-expected first-quarter results.
The sustained growth in demand from data centers supported the increase in outlook beyond the market expectations.
Revenue jumped 38% to $10.3 billion from $7.4 billion, net income advanced 95% to $1.4 billion from $709 million, and diluted earnings per share soared 91% to 84 cents from 44 cents a year ago.
Data center revenue soared 57% from a year ago to $5.8 billion, driven by strong demand for the company's CPU and GPU processors.
Client and gaming segment revenue rose 23% to $3.6 billion, and embedded segment revenue increased 6% to $873 million.
For the second quarter, the company estimated revenue of $11.2 billion, with a band of $300 million, an annual increase of 46% from the midpoint of the range, and a sequential increase of 9%.
The company guided an adjusted gross margin of 56%.
In the year so far, AMD has surged 65% and, over the last 52 weeks of trading, advanced 260%.
Duolingo decreased 1.5% to $108.75 after the language-learning mobile app operator reported better-than-expected quarterly results.
Revenue increased 27% to $292.0 million, and total bookings jumped 14% to $308.5 million from a year ago, respectively.
The company reported 133.1 million monthly active users last quarter, sharply lower than the 145 million estimated by analysts on Wall Street.
Net income increased to $43.5 million from $35.1 million, and diluted earnings per share advanced to 89 cents from 72 cents a year ago.
- Scott Peters
- 07 May, 2026
- New York City
Advanced Micro Devices soared 21% to $429.58 after the chip and server company reported better-than-expected first-quarter results.
The sustained growth in demand from data centers supported the increase in outlook beyond the market expectations.
Revenue jumped 38% to $10.3 billion from $7.4 billion, net income advanced 95% to $1.4 billion from $709 million, and diluted earnings per share soared 91% to 84 cents from 44 cents a year ago.
Data center revenue soared 57% from a year ago to $5.8 billion, driven by strong demand for the company's CPU and GPU processors.
Client and gaming segment revenue rose 23% to $3.6 billion, and embedded segment revenue increased 6% to $873 million.
For the second quarter, the company estimated revenue of $11.2 billion, with a band of $300 million, an annual increase of 46% from the midpoint of the range, and a sequential increase of 9%.
The company guided an adjusted gross margin of 56%.
In the year so far, AMD has surged 65% and, over the last 52 weeks of trading, advanced 260%.
Duolingo decreased 1.5% to $108.75 after the language-learning mobile app operator reported better-than-expected quarterly results.
Revenue increased 27% to $292.0 million, and total bookings jumped 14% to $308.5 million from a year ago, respectively.
The company reported 133.1 million monthly active users last quarter, sharply lower than the 145 million estimated by analysts on Wall Street.
Net income increased to $43.5 million from $35.1 million, and diluted earnings per share advanced to 89 cents from 72 cents a year ago.
- Scott Peters
- 12 May, 2026
- New York City
GameStop Corp. declined 4% to $22.15 after eBay Inc. rejected the company's $56 billion merger proposal, citing financing doubts.
eBay Inc. decreased 1% to $107.0, following the news.
Gitlab Inc. declined 10.3% to $22.92 after the company announced its restructuring plan and reaffirmed its first quarter and full-year 2027 revenue estimates.
The software company plans to reduce its country footprint by 30%, from 60, and accelerate its investment in agentic AI and organize into smaller and more focused product development teams to accelerate the release of new products.
Chief Executive Officer William Staples reiterated quarterly revenue to range between $253 million and $255 million, confirming the original estimate released on March 3.
Hims & Hers Health declined 14.5% to $24.84 after the telehealth service provider reported its quarterly results.
Revenue in the first quarter increased 4% to $608.1 million from $586.0 million, net income swung to a loss of $92.1 million from an income of $49.5 million, and diluted earnings per share swung to a loss of 40 cents from a profit of 20 cents a year ago.
For the second quarter, the company estimated revenue between $680 million and $700 million and adjusted operating income between $35 million and $55 million.
For the full year, the company guided revenue between $2.8 billion and $3.0 billion and adjusted operating income between $275 million and $300 million.
- Scott Peters
- 12 May, 2026
- New York City
GameStop Corp. declined 4% to $22.15 after eBay Inc. rejected the company's $56 billion merger proposal, citing financing doubts.
eBay Inc. decreased 1% to $107.0, following the news.
Gitlab Inc. declined 10.3% to $22.92 after the company announced its restructuring plan and reaffirmed its first quarter and full-year 2027 revenue estimates.
The software company plans to reduce its country footprint by 30%, from 60, and accelerate its investment in agentic AI and organize into smaller and more focused product development teams to accelerate the release of new products.
Chief Executive Officer William Staples reiterated quarterly revenue to range between $253 million and $255 million, confirming the original estimate released on March 3.
Hims & Hers Health declined 14.5% to $24.84 after the telehealth service provider reported its quarterly results.
Revenue in the first quarter increased 4% to $608.1 million from $586.0 million, net income swung to a loss of $92.1 million from an income of $49.5 million, and diluted earnings per share swung to a loss of 40 cents from a profit of 20 cents a year ago.
For the second quarter, the company estimated revenue between $680 million and $700 million and adjusted operating income between $35 million and $55 million.
For the full year, the company guided revenue between $2.8 billion and $3.0 billion and adjusted operating income between $275 million and $300 million.