AI Stock Market News Today

Riot Platforms shares rose 8% following an expansion of its data center partnership with AMD. The move signals a strategic shift toward high-performance computing as bitcoin mining revenues face headwinds.

• AMD capacity expanded to 50MW with potential for 150MW
• Projected 10-year revenue of $636 million from AMD deal

The latest Baker Hughes report indicates a slight uptick in active U.S. drilling rigs. This follows a period of general decline over the previous six weeks.

• Active rig count rose to 547
• Weekly increase of 3 rigs recorded

Insurtech firm Lemonade saw its stock price drop nearly 14% following Q1 results that highlighted strong customer acquisition but persistent losses. Despite significant growth in premiums and user base, the company continues to struggle with its bottom line.

• Weekly stock price decline of 13.8%
• Q1 premiums increased 32% year-over-year

Major U.S. indices continued their upward trajectory on Friday, with the Nasdaq and S&P 500 hitting historic levels. Investors are now shifting focus to Warren Buffett's Berkshire Hathaway, which is scheduled to release its earnings report this Saturday.

• Nasdaq and S&P 500 hit historic highs
• Berkshire Hathaway earnings report due Saturday

Starbucks outperformed analyst expectations for the second fiscal quarter, driven by a surge in global traffic and menu innovation. However, significant pressure on North American operating margins remains a primary concern for investors.

• Global same-store sales increased 6.2%, beating expectations
• Revenue grew 8.8% to $9.53 billion

Analysts suggest a continued bullish trend for stocks despite recent Federal Reserve activity and volatility in energy markets. The resilience of major tech holdings continues to anchor broader market sentiment.

• Equities advanced despite Federal Reserve policy updates
• Market resilience observed following Mag 7 earnings

The S&P 500 and Nasdaq Composite have reached fresh record closes. Gains were primarily driven by strength in the technology and consumer discretionary sectors.

• S&P 500 reached a new record high
• Nasdaq Composite hit a new all-time peak

HF Sinclair has projected crude runs between 600,000 and 630,000 barrels per day for the second quarter. The company is also targeting a 10% annual growth rate for its branded retail sites.

• Q2 crude run guidance set at 600,000-630,000 bpd
• Annual branded-site growth target of approximately 10%

Woodside Energy is encountering difficulties securing buyers for its planned Louisiana export facility. The struggle stems from the company's insistence on liquefaction fees that exceed current U.S. market standards.

• Commercialization struggles at Louisiana LNG plant
• Pricing gap between Woodside fees and U.S. market rates

The Nasdaq has surged to an unprecedented 25,000 level for the first time. Gains were driven by a combination of robust corporate earnings and declining energy costs.

• Nasdaq Composite breached the 25,000 psychological barrier
• Corporate earnings reports exceeded market expectations

S&P Dow Jones Indices is considering reducing the waiting period for mega-cap companies to join the S&P 500 from 12 months to six. This move could accelerate the index inclusion of high-valuation startups like SpaceX, OpenAI, and Anthropic.

• Proposed reduction of index waiting period from 12 to 6 months
• Applies to 'mega-cap' companies with market caps over $200 billion

US indices closed mixed on Monday as early gains fueled by AI demand and trade rumors were tempered by political pushback. The Nasdaq and S&P 500 remained positive despite a late-session pullback.

• Nasdaq rose 1.2% and S&P 500 gained 0.6% despite late-day selling
• Micron surged 10.5% on AI-driven demand signals from Foxconn