Dow, S&P 500, Nasdaq futures climb after closing May with record highs

☁️ Nebius stock trades near high on AI fund interest, faces next hurdle

Nebius Group traded near all-time highs ahead of Monday's U.S. market open after a prominent AI-focused investment fund disclosed a 5.6% stake in the company.

The investment has added momentum to the stock's rally, but also raises expectations that Nebius can deliver business results to support its elevated valuation.

Nebius is widely viewed as a direct play on AI computing infrastructure, benefiting from continued demand for GPUs used in AI training and inference, which remains ahead of available supply.

The latest move followed a Schedule 13G filing that listed Situational Awareness LP, SAF AI GP LP, Situational Awareness LLC, Situational Awareness Partners LP, Leopold Aschenbrenner, and Carl Shulman as reporting holders of the stake.

Investors are now watching whether the company can translate strong AI-related demand into sustained growth beyond the recent surge in market enthusiasm. TechStock² reports.


🎨 Adobe stock gains in premarket with Wall Street focused on AI

Adobe shares moved higher ahead of Monday’s market open, extending Friday’s strong gains as investors continued rotating into large-cap software companies benefiting from AI demand.

The stock last traded at $268.48 in after-hours activity, up 3.58% from Friday’s closing price of $259.21.

Broader markets remained near record highs, supported by optimism around artificial intelligence spending despite renewed tensions in the Gulf region.

S&P 500 futures rose 0.3%, while Nasdaq futures gained 0.5% after both indexes reached record levels last week, according to Reuters. TechStock² reports.


🤖 Robo.ai announces completion of 100% acquisition of Neurovia AI, strengthening AI software foundation

Robo.ai announced it has completed the acquisition of 100% of the equity of Neurovia AI Limited, making the AI visual data processing and compression technology company a wholly owned subsidiary.

The acquisition marks a significant step in Robo.ai’s strategy to expand its AI software capabilities and strengthen its long-term technology platform.

Neurovia AI focuses on addressing infrastructure challenges associated with large-scale data processing.

Its flagship technology, NeuroStream™, was officially introduced at the International Exhibition for National Security and Resilience (ISNR 2026) in Abu Dhabi and is designed to improve the efficiency of AI data processing and compression. PR Newswire reports. TechStock² reports.


🏠 Why Taylor Morrison Home shares are trading higher by over 20%

Shares of Taylor Morrison Home surged 23.28% to $72.12 in pre-market trading on Monday after Berkshire Hathaway agreed to acquire the homebuilder in an all-cash deal valued at $6.8 billion.

Under the agreement, Berkshire Hathaway will pay $72.50 per share for Taylor Morrison.

The offer represents a 24% premium to Taylor Morrison's Friday closing price of $58.50, fueling the sharp rally in the stock ahead of the market open. Benzinga reports.


🧬 Summit rises after lung cancer drug trial shows 15% higher survival rate than rival's

Summit Therapeutics shares rose as much as 7% in premarket trading after new clinical trial results showed its lung cancer therapy, ivonescimab, delivered longer survival than a competing treatment.

In a head-to-head study conducted in China with partner Akeso, patients with advanced squamous non-small cell lung cancer who received ivonescimab plus chemotherapy lived an average of 27.9 months.

That compared with 23.7 months for patients treated with BeOne Medicines' Tevimbra plus chemotherapy, representing a roughly 15% improvement in overall survival.

The late-stage trial results were presented on Sunday and add to growing investor interest in ivonescimab's potential within the competitive oncology market. Yahoo Finance reports.

Time (ET) / Report / Period

9:45 AM - S&P final U.S. manufacturing PMI - May
10:00 AM - ISM manufacturing - May
10:00 AM - Construction spending - April

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