Dow, S&P 500, Nasdaq futures tread water in wait for Iran-US deal update

🔗 Corning stock is suddenly an AI trade: inside Nvidia’s $500 million fiber bet

Shares of Corning Incorporated jumped ahead of Thursday’s U.S. open, climbing almost 12% to $181.57 after Nvidia disclosed a $500 million warrant stake in the glass and fiber specialist.

The companies also unveiled a multiyear agreement to ramp up U.S. manufacturing of optical equipment for AI-focused data centers.

Nvidia, meanwhile, traded up 5.7% at $207.83.

This deal is suddenly in the spotlight as the AI surge stretches past chips, hitting the gear that ties them together.

Optical connectivity, including fiber and other high-speed links, has started to become a bottleneck as massive AI clusters increasingly rely on thousands of GPUs operating together. TechStock² reports.


👻 Snap stock hit after $400 million Perplexity AI deal ends and ad warning clouds outlook

Snap Inc. dropped 7% after hours as the company revealed its $400 million AI partnership with Perplexity is off, and said ongoing Middle East violence weighed on first-quarter ad sales, even as revenue climbed faster and losses shrank.

The scrapped deal, intended to integrate Perplexity’s answer engine into Snapchat Chat, failed to offset the ad hit.

Why does it matter? Snap’s comeback depends on winning back North American ad dollars and nudging more users toward paid extras like subscriptions, storage, and other non-ad services.

The company flagged ongoing weakness among big advertisers in North America.

Still, non-ad revenue, mainly from Snapchat+ subscriptions, Memories Storage, and Lens+, jumped 87%, hitting $285 million. TechStock² reports.


🏠 Whirlpool stock plunges after Q1 loss, dividend halt and biggest price hike in a decade

Whirlpool dropped roughly 16% in late Wednesday trading.

The appliance giant posted a first-quarter loss, slashed its 2026 profit forecast, and announced it’s suspending its common dividend to focus on bringing down debt.

Whirlpool is now blaming the setback on a sharp falloff in U.S. appliance demand, linking the drop to the war in Iran. The company described a “recession-level industry decline” as consumer confidence faltered late February through March.

It’s an extra headache for Whirlpool, which is already struggling to rebuild margins after inflation, tariffs, and a sluggish replacement cycle tied to housing took a toll on demand. TechStock² reports.


⚙️ Why Kulicke and Soffa Industries shares are trading higher by 19%

Shares of Kulicke and Soffa Industries rose in pre-market trading after the company reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.

Kulicke & Soffa posted second-quarter adjusted EPS of 79 cents, beating market estimates of 67 cents.

The company's sales came in at $242.621 million versus estimates of $230.000 million.

Kulicke and Soffa Industries shares jumped 19.3% to $111.90 in pre-market trading. Benzinga reports.


🤖 Symbotic stock under pressure after mixed earnings report

Symbotic shares traded lower in premarket trading Thursday after the company reported mixed second-quarter results following Wednesday's market close.

The company reported quarterly earnings of 1 cent per share, missing the consensus estimate of 10 cents.

Quarterly revenue increased 23% year over year to $676.48 million, topping the Street estimate of $663.56 million.

Adjusted EBITDA more than doubled to $78 million from $35 million in the second quarter of fiscal 2025.

Symbotic ended the quarter with $2.0 billion in cash and cash equivalents and no debt. Benzinga reports.

Time (ET)/ Report/ Period

8:30 AM - Initial jobless claims - May 2
8:30 AM - U.S. productivity - Q1
10:00 AM - Construction spending* (delayed report) - Feb.

“The successful trader has to fight these two deep-seated instincts: hope and fear.”

– Jesse Livermore

Sourced in: Reminiscences of a Stock Operator — GoodReads.

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