AI Stock Market News Today

Intel's market capitalization has surged past $470 billion following a record-breaking 114% stock increase in April. The rally is fueled by strong earnings and a strategic resurgence in CPU demand for agentic AI.

• Shares rose 114% in April, the best monthly performance in company history
• Market capitalization now exceeds $470 billion

Western Digital Corp has posted a significant increase in third-quarter earnings, driven by a 45.4% jump in revenue. The company also issued full-year guidance for both earnings per share and total revenue.

• Q3 GAAP profit reached $3.17 billion
• Revenue grew 45.4% to $3.33 billion

Amgen Inc. posted an increase in both net income and revenue for the first quarter of 2026. The biotech giant also provided full-year guidance reflecting steady growth expectations.

• Revenue grew 5.8% to $8.618 billion
• GAAP EPS increased to $3.34 from $3.20

Citigroup's head of spread products warns that 'tourist' investors in the private credit space could trigger broader market instability. The concern centers on the potential for fire sales of corporate loans during an economic downturn.

• Inexperienced 'tourist' investors are increasing systemic risk in private credit
• Lack of workout expertise may lead to premature loan liquidations

A consortium of lenders has provided substantial financing to support Apollo Global Management's investment in Canada's GoodLife Group. The deal highlights the continued strength of the private credit market in funding large-scale corporate acquisitions.

• Total financing amount of $800 million
• Includes $675 million first-lien term loan

FTAI Aviation shares jumped over 15% following a robust first-quarter earnings report and optimistic forward guidance. The company is expanding its footprint by repurposing aircraft engines to power AI data centers.

• Stock price increased >15% following Q1 2026 report
• Strategic pivot to data center power turbines via FTAI Power

Johnson & Johnson's ketamine-derived nasal spray has overcome regulatory and delivery hurdles to reach billion-dollar status. The drug represents a shift in the clinical approach to treating depression.

• Annual revenue reached $1.7 billion
• Ketamine-derived nasal spray formulation

President Donald Trump stated he is not concerned about recent assassination attempts during a White House event. The President also signed an executive order to create new retirement accounts for workers without employer-sponsored plans.

• President Trump ignores threats after third reported assassination attempt
• Refusal to wear bulletproof vest cited as a personal preference

Major US stock indexes climbed as strong corporate earnings reports sparked a wide-ranging rally. Gains were particularly pronounced in the communication services and industrial sectors.

• US equity indexes surged in a broad-based rally
• Communication services and industrial sectors led the gains

A new executive order establishes a government-led platform to help Americans compare and access private-sector retirement plans. The initiative specifically targets workers whose current employers do not provide retirement savings options.

• Executive order signed to improve retirement plan access
• Creation of a government website for plan comparison

Major private credit firms are utilizing specialized scorecards and consultants to evaluate the impact of artificial intelligence on software borrowers. Initial assessments suggest that these portfolios remain largely insulated from systemic AI-driven volatility.

• Implementation of proprietary AI risk scorecards
• Engagement of outside consultants for portfolio audits

The surge in artificial intelligence demand is accelerating growth for the world's largest cloud providers. Alphabet, Microsoft, and Amazon are poised to join Nvidia in the $5 trillion market capitalization club.

• Nvidia is currently the only company to hit a $5 trillion valuation
• Alphabet requires less than a 20% increase from $4.2 trillion to reach the target