Nasdaq Rises as Chip Stocks Rebound
Stocks were broadly higher near noon after the April jobs report beat forecasts. Chip stocks are rebounding after yesterday's pause, helping lift the Nasdaq back toward record territory. Oil briefly pushed back above $100 after renewed U.S.-Iran clashes in the Strait of Hormuz, but equities have largely treated each flare-up as temporary noise.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiawillin Irenand announced a partnership between the two companiesExpediareported, affirmed its FY26 revenue guidance, and announced a new $5B stock buyback authorizationAkamaireportedand provided its outlook for Q2 and FY26Blockprovided areport for Q1Toyotareported a year-over-year2. WALL STREET CALLS:BofAHubSpotto Underperform, while Citi, William Blair and Cantor Fitzgerald also downgraded HubSpot to Neutral-equivalent ratings after the company's Q1 results and commentaryDaiwaQualcommto OutperformWells FargoNiketo Equal WeightMorgan Stanley, TD Cowen and BofAPlanet Fitnessto Neutral-equivalent ratingsCraig-HallumAkamaito Buy3. AROUND THE WEB:Meta'sAI push is causing anger and anxiety among the company's employees, NY Times reportsAmazonhas experienced a cloud outage at its north Virginia data center, Reuters reportsAnthropic is weighing a deal for a nearly $1T valuation, FT reportsThe U.S. suspects Nvidiachips were smuggled tot Alibabavia Thailand, Bloomberg reportsSoftBankhas downsized plans for a $10B margin loan backed by its OpenAI stake after hesitation from some creditors, Bloomberg says4. MOVERS:Monster Beveragehigher afterArlo Technologiesrises afterand reiterating its FY26 outlookRocket Lab USAgains after providing anCloudflarelower after providing abut also announcing 1,100 layoffsCoreWeavefalls after reporting5. EARNINGS/GUIDANCE:Yelpand reiterated its FY26 revenue outlookGrouponreportedCoinbasereported a sharp drop inWendy'sreportedTexas Roadhousereportedand affirmed its FY26 store growth outlookINDEXES:Near midday, the Dow was up 0.07%, or 34.97, to 49,631.94, the Nasdaq was up 1.35%, or 348.00, to 26,154.20, and the S&P 500 was up 0.76%, or 56.03, to 7,393.14.
