Dow, S&P 500, Nasdaq futures rise after US completes fresh round of Iran strikes

🧠 Penguin Solutions stock gains momentum as AI infrastructure demand remains strong

Penguin Solutions saw its momentum score jump from 38.85 to 60.26 week over week, reflecting stronger price action and trading activity.

The company reaffirmed its fiscal 2026 guidance and said both revenue and earnings are tracking toward the high end of its expectations.

Management attributed the strength to growing demand for agentic AI workloads across enterprise customers.

CEO Kash Shaikh said adoption of inference and agentic AI systems continues to accelerate, driving demand for memory solutions and AI infrastructure offerings under the company's AI Factory Platform strategy. Benzinga reports.


📱 Digital Turbine resurgence: Software maker spins to a 114% gain

Digital Turbine has staged a significant comeback, with shares gaining 114% despite years of steep declines that saw the stock lose more than 95% from its 2021 peak.

The company struggled through much of the decade as weaker smartphone sales, softer advertising demand, and execution challenges weighed on results.

Fiscal 2024 revenue declined 18%, followed by another 10% drop in fiscal 2025, reinforcing investor concerns that the company's growth story had stalled.

The recent rally suggests investors are reassessing Digital Turbine's outlook after a prolonged downturn that had pushed the stock close to penny-stock territory. Benzinga reports.


✈️ Why Navan shares are trading higher by around 20%

Shares of Navan rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY2027 sales guidance above analyst expectations.

Navan reported earnings of 8 cents per share, beating the consensus estimate for a loss of 1 cent per share.

Quarterly revenue came in at $220.23 million, surpassing Wall Street estimates of $205.27 million and increasing from $157.46 million in the same period last year.

Following the strong results and improved outlook, Navan shares jumped 19.8% to $25.00 in pre-market trading. Benzinga reports.


☁️ Oracle Q4 earnings beat on revenue but miss on cloud sales

Oracle reported fourth-quarter results that exceeded Wall Street expectations on both earnings and revenue, but cloud sales came in below analyst forecasts.

The company posted earnings per share of $2.11 on revenue of $19.18 billion, ahead of expectations for EPS of $1.97 and revenue of $19.09 billion.

Oracle also announced plans to raise approximately $40 billion through a combination of debt and equity offerings to fund the expansion of its data center infrastructure.

Despite the earnings beat, investors focused on weaker-than-expected cloud revenue, a key growth area for the company as demand for AI and cloud computing services continues to rise. Yahoo Finance reports.


☁️ CRWV stock gains premarket amid market rebound; neocloud operator announces $3.5B debt raise

CoreWeave shares rose about 1% in early premarket trading Thursday as broader market sentiment improved and the company unveiled a new debt financing plan.

The AI-focused cloud infrastructure provider announced plans to issue $3.5 billion in senior notes due in 2032, consisting of both U.S. dollar- and euro-denominated debt.

CoreWeave said the proceeds will be used for general corporate purposes, including repaying existing debt and covering fees and expenses related to the offering.

Since its public debut in March 2025, the company has increasingly tapped debt markets to support rapid capacity expansion as demand for cloud computing and AI infrastructure continues to grow among large enterprise and hyperscale customers. TradingView reports.

Time (ET) / Report / Period

8:30 AM - Initial jobless claims - June 6
8:30 AM - Producer price index - May
8:30 AM - Core PPI - May

“Extraordinary performance comes only from correct non-consensus forecasts.”

– Michael Mauboussin

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