TradingKey

• New leveraged ETF (LITU) launched, increasing demand for Lumentum shares. • Lumentum reported strong Q3 2026 earnings and positive Q4 2026 guidance. • Analysts upgraded ratings and raised price targets following financial results.

• GlobalFoundries launches new quantum business unit with U.S. support. • First-quarter 2026 results exceeded expectations, revenue met forecasts. • Company declared its first quarterly dividend, signaling shareholder value.

• Citic Securities lowered ServiceNow's price target today. • Tech stocks declined due to macro factors and AI equity cooling. • Previous earnings concerns cited cRPO, cash flow, and AI competition.

• Honeywell shares rose on quantum computing funding news. • Quantinuum received U.S. Commerce Dept. research funding. • Honeywell secured a $249 million Chinook engine contract.

• Intuit raised full-year guidance but announced a 17% workforce reduction. • TurboTax segment revenue forecast was lowered, missing expectations. • Analysts downgraded Intuit stock, citing TurboTax and AI-related risks.

• Vertiv Holdings (VRT) stock rose on analyst upgrades and AI data center demand. • Company provides essential power and cooling for high-density AI data centers. • Analysts hold positive outlook, with average price target around $352.04.

• Spotify targets mid-teens CAGR, 35-40% gross margin by 2030. • Partnership with UMG enables generative AI music cover tool. • New "Reserved" program offers early concert ticket access.

• Western Digital exceeded Q3 2026 earnings and revenue estimates. • AI and hyperscale demand boosted storage outlook and pricing power. • Analysts maintain favorable "Buy" ratings with price target increases.

• Intel stock declined amidst market challenges and valuation reassessment. • Declining server CPU market share and AI chip competition pressure Intel. • Manufacturing costs, foundry unprofitability, and analyst caution weigh on Intel.

• Deere's stock declined despite beating revenue and EPS estimates. • Core agricultural segment sales and profit significantly decreased. • Full-year guidance maintained amid farm equipment demand concerns.

• Analog Devices reported record Q2 revenue and beat earnings expectations. • The company agreed to acquire Empower Semiconductor for $1.5 billion. • Analysts maintain "Buy" ratings despite stock's intraday decline.

• SanDisk reported strong Q3 2026 results and issued robust guidance. • Demand for NAND storage from AI and data centers benefits SanDisk. • Potential Samsung strike could tighten NAND supply, aiding pricing.

• Arista named Gartner Magic Quadrant Leader for wired/wireless LAN. • Q1 2026 earnings beat expectations; AI revenue target doubled. • Analysts maintain "Buy" ratings with increased price targets.

• Seagate reported strong Q3 2026 earnings, exceeding expectations. • AI demand is driving growth in data storage and Seagate's performance. • Analysts issued favorable ratings and raised price targets for Seagate.

• Micron's high-bandwidth memory demand fuels AI growth. • Analysts raise targets citing structural AI-driven memory market shifts. • Company has strong guidance, sold-out HBM for current and next fiscal year.

TradingKey - On May 21 (ET), the Trump administration awarded a total of approximately $2.013 billion in federal incentive funding to nine quantum computing companies. Following the news, Rigetti (RGTI) and D-Wave (QBTS) surged over 20% at the open, while stocks including IBM and GlobalFoundries (GFS) recorded gains of varying degrees.

• Alibaba reported Q1 FY26 operating loss, first in years. • Aggressive AI and quick commerce investments impact profitability. • Regulatory and geopolitical factors contribute to market caution.

• ARM Holdings saw share price increase amid AI optimism. • Analysts raise price targets citing AI infrastructure and CPU growth. • Regulatory probe and supply constraints present headwinds.

• IBM and Commerce to build U.S. quantum chip foundry. • Deal secures IBM supply chain and creates wafer provider opportunity. • Company focuses on enterprise AI, hybrid cloud, and security.

• Walmart stock declined due to weaker-than-expected forward guidance. • Q1 revenue exceeded expectations, but future earnings outlook disappointed. • Rising fuel costs and retail competition impact Walmart's outlook.