AI Stock Market News Today

GE Vernova has overtaken GE Aerospace in market capitalization, driven by an unexpected surge in gas turbine demand for AI data centers. The shift underscores the critical role of traditional power generation in supporting the artificial intelligence build-out.

• GE Vernova market cap now exceeds GE Aerospace
• AI data centers are the primary catalyst for gas turbine growth

As AI-driven coding tools disrupt the software-as-a-service sector, Salesforce and ServiceNow are pivoting toward agentic AI orchestration and data mastery. Both firms aim to leverage their deep integration into corporate workflows to survive the industry's structural shift.

• SaaS sector under pressure from agentic coding tools
• ServiceNow leveraging CMDB for AI orchestration

SoftBank Group is reportedly planning to launch a standalone entity named 'Roze' to optimize AI infrastructure. The move aims to monetize the conglomerate's aggressive investments in robotics and data centers.

• Proposed entity 'Roze' targets a $100 billion valuation
• Focus on AI infrastructure and data center construction

The Netherlands' largest lender reported a net income beat driven by higher fees and lending income. The bank is returning capital to shareholders via a new €1 billion share repurchase program.

• Q1 net income reached €1.56 billion
• Profit grew 6.9% compared to the previous year

President Donald Trump suggests that the United Arab Emirates' exit from the OPEC cartel will help stabilize and lower energy prices. The move occurs against a backdrop of extreme market volatility fueled by ongoing conflict in Iran.

• UAE officially exits the OPEC cartel
• President Trump predicts the move will lower global energy prices

Hanwha Aerospace saw its first-quarter net income surge by over 337% year-over-year. The company also posted steady growth in sales and operating income.

• Net income: 260.4 billion KRW (+337.6% YoY)
• Operating income: 638.9 billion KRW (+20.6% YoY)

Credit Agricole reported a 4% decline in corporate and investment banking revenue for the first quarter. Fixed income and financing losses offset strong gains in M&A and equity capital markets.

• Fixed income revenue declined by 9%
• Financing revenue saw a 6% drop

A massive share offering by battery giant CATL is expected to reduce the premium of its Hong Kong-listed shares. The move provides a catalyst for hedge funds betting on the convergence of the company's dual listings.

• Execution of a $5 billion share sale in Hong Kong
• Expected reduction of the HK-Shenzhen price premium

MGM Resorts International saw a 4% increase in net revenues for the first quarter, though net income and adjusted earnings per share declined year-over-year. Management remains optimistic about the second quarter, citing strong convention bookings and facility upgrades.

• Consolidated net revenues grew to $4.45 billion
• Net income dropped to $125.14 million

Tether is backing a merger between Twenty One Capital, Strike, and Elektron Energy to create a diversified Bitcoin ecosystem. The move aims to transition Twenty One Capital from a passive treasury holder to an active operational platform.

• Proposed merger of Twenty One Capital, Strike, and Elektron Energy
• Transition from treasury-only exposure to an operational business model

A new report suggests the U.S. Department of Defense has significantly underestimated the financial toll of the conflict with Iran. The current $25 billion estimate allegedly ignores the substantial costs required to rebuild damaged military installations.

• Official Pentagon estimate for Iran war costs is $25 billion
• Report alleges the figure is an underestimate

Decentralized exchange Hyperliquid is integrating event trading via the HIP-4 proposal to capture the prediction market sector. Arthur Hayes suggests the platform's native token provides a competitive edge in value accrual over rivals like Polymarket and Kalshi.

• Implementation of HIP-4 introduces zero-fee-to-open event trading
• HYPE token enables users to profit from platform activity