GPRO News & Events

The major averages were broadly lower near noon as semiconductor stocks pull back following a massive multi-week run. AI-driven enthusiasm pushed the S&P 500 and Nasdaq to fresh records yesterday, but investors are now confronting a harder macro backdrop than previously anticipated. Meanwhile, crude is back above $100 as hopes for a durable U.S.-Iran ceasefire continue to deteriorate, with President Trump describing negotiations as being "on life support."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:eBay'sboard rejected GameStop'sUnder Armourreportedand provided FY27 earnings guidanceActivist investor Nelson Peltz's Trian Fund Management is seeking investor backing for a bid to take Wendy'sprivate,GoProreportedand withdrew its FY26 guidanceBuzzFeed (BZFD) announced aby Byron Allen's Family Office2. WALL STREET CALLS:Lowe's (LOW)to Buy at CitiAutodeskat Buy from Neutral at BofARothschildToaston risk from DoorDashU.S. rolloutZoomInfoto Underweight at Piper Sandler and to Neutral-equivalent ratings and several other firmsWall Streetof drone-maker Aevexafter its recent IPO3. AROUND THE WEB:Alphabet'sYouTube is looking to connect creators with sponsors to secure funding for shows before they launch, NY Times reportsSoftBankis partnering with South Korea's Cosmos Lab and DeltaX to mass produce next-gen data center batteries in Sakai, Japan at a scale of 1 GWh/year from FY27, Bloomberg reportsMeanwhile, SoftBank is in talks over a massive data center project in France, Bloomberg saysBoeing'ssuccess hinges on its successor to the 737, Bloomberg saysTikTok is making a final appeal to the Court of Justice of the European Union to overturn its designation as a gatekeeper under the EU's Digital Markets Act, Reuters says4. MOVERS:Zebra Technologiesrises after providing areport for Q1SI-Bonehigher after also providing areport for Q1Gitlabfalls after announcing aZoomInfolower afterand reiterated its FY26 outlookOn Holdingsslips after5. EARNINGS/GUIDANCE:Sea LimitedreportedBayerprovided areport for Q1Qnity Electronicsalso provided areport for Q1Tencent Musicreported aHims & Hers Health (HIMS) providedbut raised its FY26 revenue guidanceINDEXES:Near midday, the Dow was down 0.31%, or 155.01, to 49,549.46, the Nasdaq was down 1.51%, or 397.13, to 25,877.00, and the S&P 500 was down 0.82%, or 60.98, to 7,351.86.

S&P futures are lower and the Nasdaq is under greater pressure as semiconductor stocks pull back following a massive multi-week run. AI-driven enthusiasm pushed the S&P 500 and Nasdaq to fresh records yesterday, but investors are now confronting a harder macro backdrop than previously anticipated. The rally ran into hotter inflation fears and fading momentum in the AI trade. Crude is back above $100 as hopes for a durable U.S.-Iran ceasefire continue to deteriorate, with President Trump describing negotiations as being "on life support." Markets are now juggling several variables simultaneously: oil shock risk, sticky inflation, geopolitical escalation, rising yields, and increasingly concentrated equity leadership. Still, the bull case hasn't disappeared. Earnings remain strong overall, labor markets are cooling without collapsing, and AI capital expenditures trends continue to support forward estimates.In pre-market trading, S&P 500 futures fell 0.27%, Nasdaq futures fell 0.7% and Dow futures are flat.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Wendy'sup 15% after Financial TimesTrian Fund Management is seeking investor backing for a bid to take the company privateUP AFTER EARNINGS -Zebra Technologies (ZBRA) up 14%Sea Limitedup 10%SI-Boneup 8%Tencent Musicup 6%Qnity Electronicsup 3%Rigetti Computingup 2%JD.comup 1%DOWN AFTER EARNINGS -ZoomInfodown 33%Hims & Hersdown 15%Under Armourdown 14%GoProdown 6%On Holdingdown 4%LOWER -GameStop'sand eBaydown 2% and 1%, respectively, after eBay announced that the company's board of directors has determined to reject GameStop's unsolicited, non-binding acquisition proposal

Sharp gains in Energy and Basic Materials helped power S&P 500 to fresh record highs to start the week, despite the continued uncertainty in the Middle East over the weekend, whereby President Trump has flatly rejected the latest proposals from Iran. ExxonMobilwas up by nearly 4% as WTI crude oil remained supported by the Straight of Hormuz shipping passage uncertainty, briefly topping the $100 per barrel mark.  Precious Metals group was also very strong, with Silver prices rising for the fifth straight session toward $88 per ounce and Gold topping $4,750 per ounce - Newmont Miningtopped $120 per share in regular trading and extended its gains above $121 afterhours - the highest level in about a month.  Communication Services sector buckled as shares of Alphabetfell 3%, though Semiconductors and Memory names remained strong - Nvidiatested record highs above $220 and Micronadded 7% to its meteoric 2026 rise, with a stock now up nearly 180% for the year.In the evening hours, S&P, e-minis and NASDAQ 100 contracts are both up 0.1%.  The earnings season has fizzled to a trickle though traders will still tune in to high-profile results out of Applied Materialsand Ciscolater in the week.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Quantum Computingup 14.7%Harmonicup 13.6%SI-BONEup 11.9%GoProup 9.9%PACS Groupup 9.9%Super Groupup 5.8%DOWN AFTER EARNINGS -ZoomInfodown 28.5%Hims & Hersdown 12.2%Harrowdown 12.2%WEBTOON Entertainmentdown 12.1%AST SpaceMobiledown 11.3%Bakktdown 10.8%CleanSparkdown 10.5%Ramaco Resourcesdown 7.7%LENZ Therapeuticsdown 5.0%Rigetti Computingdown 1.3%ALSO LOWER -GitLabdown 8.0% after announcing reduction in force

Says given the macro challenges in the consumer electronics sector and the strategic process initiated to evaluate opportunities for the sale of the company, will not be providing forward-looking guidance and withdrawing full-year guidance at this time. Says believes there is unrealized value in GoPro's technology, IP, brand, product development and scaled manufacturing capabilities, and the company looks forward to exploring how M&A could unlock that value to the benefit of shareholders. Says Mission 1 Series products will be available May 28. Says macro challenges in the consumer electronics sector, including rising memory costs, supply chain constraints, and fluctuating tariffs prompted the company to take some discrete actions in the quarter that impacted gross margins and earnings per share for the period. Says ended the quarter with inventory of $72M, a 25% decrease year-over-year and an 8% decrease from Q4 2025. Says channel inventory declined 20% from the prior year quarter and 6% sequentially. Comments taken from Q1 earnings conference call.