AI Stock Market News Today

Investors reacted sharply to updated AI infrastructure spending plans, rewarding Alphabet's cloud-driven growth while penalizing Meta's lack of a cloud revenue stream. The divergence highlights a growing market demand for clear monetization paths for massive AI investments.

• Alphabet's Google Cloud revenue grew 63% year-over-year
• Alphabet raised annual capex guidance to $180B-$190B

Sprouts Farmers Market saw its stock price rise after reporting first-quarter results that slightly exceeded analyst expectations. Total sales grew to $2.3 billion, though comparable store sales showed a slight decline.

• Total sales reached $2.3 billion
• 4.0% increase in total sales

Grupo Financiero Banamex is issuing dollar-denominated notes for the first time since Citigroup began exiting its stake in the institution. The offering signals a new phase of independent capital raising for the Mexican banking giant.

• First global issuance since Citi sale
• Target maturity of 2036

Butterfly Network reported first-quarter revenue growth of 25%, exceeding analyst expectations. Despite the positive financial results, the company's stock price declined by approximately 8% in afternoon trading.

• Revenue grew 25% YoY to $26.5 million
• Adjusted earnings outperformed expectations

Activist investor Starboard Value LP is calling for Lamb Weston to host an investor day. The move comes as the potato processing giant seeks to address a significant decline in share price.

• Starboard Value LP requests formal investor day
• Focus on earnings growth and strategic clarity

Chief Financial Officer Paul Joachimczyk has significantly increased his equity stake in Sonoco Products Company through an open-market purchase. The move comes as the company maintains a low P/E ratio despite strong 2025 growth.

• CFO acquired 8,058 shares at $49.64
• Direct ownership increased to 28,558 shares

The U.S. Treasury has increased the composite rate for Series I savings bonds to 4.26% for the period ending October 31. The adjustment follows a notable jump in consumer prices linked to geopolitical instability.

• New composite rate of 4.26% effective May 1 to Oct 31
• Fixed rate held steady at 0.90%

The Bank of England has opted to keep interest rates steady while signaling that further hikes remain on the table. The decision comes as surging energy costs threaten to trigger the central bank's worst-case economic projections.

• Benchmark interest rate held steady at 3.75%
• Policymakers open to future rate increases

The U.S. economy showed a strong rebound in the first quarter of 2026, though growth slightly missed forecasts. Concerns are mounting as both headline and core PCE price indices surged significantly over the previous quarter.

• GDP growth rose to 2.0% from 0.5% in the previous quarter
• PCE inflation jumped from 2.9% to 4.5%

National home price growth slowed to its lowest level since early 2025, driven by declines in major hubs. Sydney and Melbourne saw price drops as higher interest rates dampened buyer demand.

• Sydney and Melbourne prices dropped 0.6% each
• Perth led growth with a 2.1% increase

Pershing Square CEO Bill Ackman acquired over 1.3 million shares of his asset management entities during their market debut. The move follows a combined $5 billion initial public offering.

• CEO Bill Ackman bought shares on the first day of trading
• 500,000 shares purchased in Pershing Square USA Ltd.

Coinbase is launching the Coinbase Stablecoin Credit Strategy (CUSHY) to provide institutional investors with onchain yield from digital asset lending. The fund utilizes tokenized shares to bridge traditional credit markets with blockchain infrastructure.

• Launch of CUSHY fund for institutional stablecoin lending yield
• Tokenized shares available on Ethereum, Solana, and Base networks