AI Stock Market News Today

Analyst Gil Luria predicts a prolonged memory chip cycle driven by AI infrastructure, forecasting significant revenue growth by 2030. The bullish outlook centers on High Bandwidth Memory (HBM) demand and strategic long-term sales agreements.

• Price target of $1,000 based on FY 2030 earnings of $139 per share
• Projected FY 2030 revenue estimated at $393 billion

Reddit has issued revenue guidance between $715 million and $725 million for the second quarter of 2026. The social media platform is simultaneously aiming to reach 100 million daily active users within the United States.

• Q2 2026 revenue forecast: $715M - $725M
• Targeting 100M daily active users in the U.S.

NexPoint Real Estate Finance has replaced $180 million in maturing senior unsecured notes with a larger total return swap facility. The firm also issued Q2 distribution guidance with a midpoint of $0.54.

• Refinanced $180 million in senior unsecured notes maturing May 1
• Replaced 5.75% fixed rate notes with a $242 million TRS facility

A Seoul administrative court has overturned a six-month partial suspension imposed on Bithumb for anti-money laundering failures. The ruling allows one of South Korea's largest cryptocurrency platforms to resume full operations.

• Court overturns FIU-imposed partial suspension
• Regulators alleged millions of AML and KYC failures

Merit Medical Systems reports a 7% GAAP revenue increase for Q1 2026 and sets a growth target of 5.6% to 7% for the full year. The company is currently integrating its $140 million acquisition of View Point Medical.

• Q1 GAAP revenue grew 7% to $381.9 million
• Constant currency revenue growth for Q1 was 5%

Meta CEO Mark Zuckerberg has linked recent workforce reductions to the rising costs of artificial intelligence infrastructure. The company remains open to additional layoffs as it reallocates capital toward compute power.

• Workforce reductions tied to AI spending
• Compute infrastructure cited as primary cost driver

Aerospace leader SpaceX is preparing for a public listing later this year, targeting a valuation that could place it among the top ten most valuable U.S. companies. The offering is expected to include a significant carve-out for retail investors despite concerns over corporate governance.

• Target valuation of $2 trillion
• 30% share allocation for retail investors

XPeng delivered 31,011 vehicles in April 2026, driven by the rollout of its VLA 2.0 intelligent driving system. The company is simultaneously expanding its European footprint and launching the flagship GX SUV.

• 31,011 vehicles delivered in April
• 13% sequential increase from March

Blue Owl Capital has liquidated approximately half of its position in SpaceX. The transaction was executed at a valuation of $1.25 trillion.

• Sale of approximately 50% of Blue Owl's SpaceX stake
• Implied SpaceX valuation of $1.25 trillion

Rivian has adjusted its financing agreement with the U.S. Department of Energy, reducing its planned loan utilization. The company now intends to draw $4.5 billion for its Georgia facility, down from an original $6.6 billion allocation.

• Loan draw reduced from $6.6 billion to $4.5 billion
• Funding specifically targeted for Georgia factory construction

CEO Tim Cook cautioned that rising memory costs will increasingly impact Apple's business as AI infrastructure demand strains global supply. Despite these constraints, the company reported strong fiscal second-quarter growth and positive forward guidance.

• Tim Cook warns memory costs will increasingly impact Apple's bottom line
• AI chip demand is creating a scarcity of memory for PCs and smartphones

On-chain data suggests Bitcoin's April rally was fueled by futures traders rather than spot buyers. Analysts warn this divergence historically precedes extended price corrections.

• Bitcoin rose from $66,000 to $79,000 in April
• Rally attributed to perpetual futures growth