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The Latest Breaking News from Nasdaq

Nasdaq Surges Over 100 Points; Chewy Shares Fall After Q2 Results

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining more than 100 points on Wednesday.

Benzinga

Stocks Supported as US Producer Prices Ease and Bond Yields Fall

The S&P 500 Index ($SPX ) (SPY ) today is up +0.46%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.27%. September E-mini S&P futures (ESU25 ) are up +0.46%, and September E-mini Nasdaq futures...

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Daktronics CEO Signals Confidence With Strong Backlog And Orders, Stocks Soars

Daktronics, Inc. (NASDAQ:DAKT) shares surged after the company reported fiscal first-quarter 2026 net income of $16.5 million, or $0.33 per diluted share, compared with a net loss of $4.9 million, or $0.11 per share, in the prior-year period.

Benzinga

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Is Allstate Stock Underperforming the Nasdaq?

While Allstate has lagged behind the broader Nasdaq Composite over the past year, Wall Street analysts remain moderately optimistic about the stock’s prospects.

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Vivek Ramaswamy's Strive To Board The Bitcoin Treasury Company With $1.5 Billion Raise

Asset Entities Inc. (NASDAQ:ASST) on Wednesday announced it has approved the company's merger with Vivek Ramaswamy's Strive.

Benzinga

AI Data Center Spending By Nvidia, Microsoft And Other 'Mag 7' Titans Is Squeezing S&P 500 Share Buybacks, Goldman Sachs Warns

The race among the “Magnificent Seven” tech giants to construct large AI data centers is having an unforeseen effect on share buybacks, a recent Goldman Sachs report reveals.

Benzinga

Palantir CEO Alex Karp Warns China Exploiting US Weakness With Fentanyl And TikTok, Says Stability At Home Is America's Best Defense

Palantir Technologies Inc. (NASDAQ:PLTR) CEO Alex Karp drew a sharp line on U.S.-China relations this week, warning that Beijing is actively exploiting American vulnerabilities through fentanyl, technology platforms, and influence campaigns, and arguing that America's greatest defense lies in strengthening itself from within.

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Bitcoin Belongs In An 'Ideal' Portfolio, Says BlackRock Executive, But Thinks A 5% Allocation Is High

Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, said Tuesday that an “ideal” investment portfolio should have exposure to hard assets such as gold and Bitcoin (CRYPTO: BTC).

Benzinga

Paramount Marks Star Trek's 60th Anniversary With Rose Parade Debut, Starfleet Academy Series, Cruise Experience

Paramount Skydance Corp. (NASDAQ:PSKY) is preparing a yearlong celebration for Star Trek's 60th anniversary in 2026, rolling out new shows, events and partnerships that highlight the franchise's enduring impact on popular culture.

Benzinga

Peter Thiel-Backed Fellows' Startup Mercor Targets $10 Billion Valuation As OpenAI, Meta, Tesla Turn To Its AI Training Experts: Report

Mercor, founded by three Thiel Fellows who dropped out of Harvard, is reportedly pursuing a Series C funding round targeting a $10 billion valuation amid surging demand from artificial intelligence companies for specialized training experts.

Benzinga

Broadcom Ties CEO Fortune To Explosive AI Revenue Targets

Broadcom Inc. (NASDAQ:AVGO) has granted Chief Executive Officer Hock E. Tan a long-term equity award that directly links his compensation to the company’s success in artificial intelligence, underscoring the board’s commitment to retaining his leadership through the end of the decade.

Benzinga

Google Cloud Expects Over 50% Of Its $106 Billion Backlog To Convert To Revenue In The Next Two Years

Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google Cloud has projected a revenue increase of at least $58 billion in the next two years, underlining the division’s pivotal role in the company’s future.

Benzinga

Elon Musk Says The Government Is 'Unfixable,' Hails Trump's Crypto Czar David Sacks: 'Haven't Been To DC Since May'

Billionaire and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has said that he hasn't been to Washington, D.C. since May, calling his time with the Trump administration a "side quest."

Benzinga

Microsoft Scraps Pandemic-Era Flexibility, Orders Workers Back To Office 3 Days A Week In 2026 As AI Push Demands More Collaboration

Microsoft Corp. (NASDAQ:MSFT) is tightening its hybrid work model, ending years of broad remote flexibility and requiring employees to return to the office at least three days a week beginning in 2026.

Benzinga

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Volatile Trading For EPSM: Shares Rocket 411% Then Plunge 58% Following SEC Filing

Epsium Enterprise Ltd. (NASDAQ:EPSM) opened pre-market trading with significant volatility following Tuesday’s extraordinary 411.49% surge that lifted shares from $26.98 to $138. According to Benzinga Pro data, in the early trading session, the Chinese company retreated to $58.01, down 57.96%, indicating extreme price instability.

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Vivek Ramaswamy-Backed Strive, Asset Entities Get Shareholder Approval To Merge, Launch $1.5 Billion Public Bitcoin Treasury Company

Asset Entities Inc. (NASDAQ:ASST) shareholders approved a reverse merger with Vivek Ramaswamy-backed Strive Enterprises, creating what executives call a leading public Bitcoin (CRYPTO: BTC) treasury company with potential $1.5 billion in funding.

Benzinga

Palantir CEO Alex Karp Denies Spying On Americans, Says Firm Has 'Worst' Tech To Abuse Civil Liberties

On Tuesday, Palantir Technologies Inc. (NASDAQ:PLTR) CEO Alex Karp strongly pushed back against claims the company spies on U.S. citizens, defending its platforms as among the hardest technologies in the world to abuse as its stock price and revenue surge.

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Is Paychex Stock Underperforming the Nasdaq?

Paychex has notably underperformed the Nasdaq Composite over the past 52 weeks, and analysts remain cautious about the stock’s prospects.

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Benzinga

Asset Entities Stock Trends, Soars 52%, On Strive Merger Approval: Another Bitcoin Treasury Company In The Making

Asset Entities Inc. (NASDAQ:ASST) is trending on Wednesday.

Benzinga

Mark Zuckerberg's Costly AI Talent Hunt Sparks Backlash As Million-Dollar Recruits Quit, Secretive 'TBD Lab' Breeds Tension At Meta: Report

Meta Platforms Inc. (NASDAQ:META) faces mounting internal tensions after CEO Mark Zuckerberg‘s artificial intelligence recruitment drive sparked employee departures and compensation disputes.

Benzinga

Elon Musk Shares Updates On Robots, Starlink-Enabled Smartphones, AI Push In Latest Interview, Says Optimus Could Be 'Biggest Product Ever'

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has shared updates on autonomous driving, Optimus humanoid robots and artificial intelligence pursuits during a recent event.

Benzinga

Jim Cramer Says Microsoft Paying Amazon's Anthropic For AI Is 'Big': Redmond Shifting Strategy?

On Tuesday, Jim Cramer said Microsoft Corporation's (NASDAQ:MSFT) decision to pay Amazon.com, Inc. (NASDAQ:AMZN) -backed Anthropic for artificial intelligence features in Office apps marks a major change in strategy after years of relying heavily on OpenAI.

Benzinga

Thinnest iPhone Ever, Longest Battery: Enough To Spark A Supercycle For Apple? — Daniel Newman Has Doubts

On Tuesday, Apple Inc.'s (NASDAQ:AAPL) "Awe Dropping" event drew a mix of enthusiasm and skepticism from analysts, who praised the company's camera upgrades and thinner designs but questioned whether the iPhone 17 lineup offers enough innovation to ignite investor excitement.

Benzinga

OpenAI CEO Sam Altman Calls iPhone Air 'First Upgrade I Really Wanted In Awhile' Following Apple's Latest Launch

OpenAI CEO Sam Altman praised Apple Inc. (NASDAQ:AAPL) for its iPhone 17 launch on Tuesday, marking the first Apple upgrade he’s genuinely wanted in years. His endorsement comes as Apple shares fell 1.83% following the “Awe Dropping” event unveiling the company’s latest device lineup.

MarketBeat

Is Qualcomm Tesla’s Next Rival in Autonomous Driving?

Tesla may still dominate the autonomous headlines, but Qualcomm’s partnership with BMW make it an interesting alternative for investors to consider.

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