Dow, S&P 500, Nasdaq futures fall as yields rise, Trump-Xi summit ends

🔗 Why POET Technologies stock jumped after a $50 million Lumilens AI optics order

Shares of POET Technologies surged after Lumilens submitted a $50 million initial order tied to a new partnership focused on AI networking, marking a significant commercial milestone for the optical-components company.

According to both companies, the agreement could expand to more than $500 million in purchases over a five-year period.

The order carries added importance as POET continues working to prove its photonics platform can scale commercially beyond limited revenue streams.

For the first quarter, the company reported $503,389 in non-recurring engineering and product revenue, a net loss of $12.3 million, and negative operating cash flow of $8.8 million. TechStock² reports.


☁️ Rackspace stock jumps 26% as AMD AI deal tests RXT turnaround story

Rackspace Technology surged 26.34% to close Thursday at $7.29, extending a strong rally as investors increasingly view the cloud-services company through an AI infrastructure lens.

Shares climbed as high as $7.65 before easing slightly in late trading.

The renewed attention comes as traders reassess Rackspace, historically seen as a debt-burdened managed cloud provider, as a possible AI infrastructure partner for regulated industries.

Sectors such as finance, healthcare, and government are actively seeking AI systems that can meet strict compliance, security, and audit requirements, positioning Rackspace within a growing niche of enterprise AI deployment. TechStock² reports.


🎨 Why Figma shares are trading higher by over 10%

Shares of Figma rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY26 sales guidance.

Figma reported first-quarter revenue of $333.44 million, beating analyst estimates of $313.16 million, according to Benzinga Pro.

The company also posted adjusted earnings of 10 cents per share, ahead of expectations for six cents per share.

Figma shares jumped 10.6% to $22.39 in pre-market trading. Benzinga reports.


⚙️ Why is CVD Equipment stock down over 17% after hours today?

CVD Equipment shares fell 17.66% in after-hours trading Thursday after the company reported a sharp decline in revenue and wider quarterly losses, despite completing the sale of its SDC division.

CVD Equipment develops chemical vapor deposition and thermal processing equipment used in aerospace, defense, electric vehicle, and semiconductor-related industries. Benzinga reports.

Time (ET)/ Report/ Period

8:30 AM - Empire State manufacturing survey - May
9:15 AM - Industrial production - April
9:15 AM - Capacity utilization - April

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– Warren Buffett

Sourced in: Berkshire Hathaway Annual Meeting.

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