Kevin Smith
Journalist
Ciena slumps despite record quarter, weighed on by lofty expectations
Despite beating estimates and raising its annual guidance once again, Ciena Corporation shares are tumbling approximately 16% on Wall Street following its quarterly release. However, this move must be viewed in context: the American optical networking equipment provider's stock is still up about 120% YTD, fueled by the frenzy surrounding artificial intelligence infrastructure.
June 04, 2026 at 10:50 pm IST
Private credit jitters rattle alternative asset management giants
Major alternative asset managers are retreating on Wall Street this Wednesday following renewed concerns over private credit. Blackstone, KKR, Blue Owl and Ares are all trading down between 4% and 5% as investors await upcoming updates on redemption requests within unlisted private credit funds.
June 04, 2026 at 12:57 am IST
Vanguard hits $1 trillion milestone with its S&P 500 ETF
The Vanguard S&P 500 ETF, known by the ticker VOO, has crossed the symbolic $1 trillion mark in assets, a first for an exchange-traded fund. The vehicle has quadrupled its assets under management since 2022 and has overtaken State Street's SPY, the long-standing market benchmark, driven by the Wall Street rally, steady inflows into index products, and the search for exposure to US large-cap stocks linked to artificial intelligence.
June 03, 2026 at 10:36 pm IST
Is the US Economy Accelerating again?
Several leading economic indicators suggest that this may be the case. Despite oil prices hovering near $100 a barrel and consumer sentiment surveys hitting record lows, several signals point toward a reacceleration since the beginning of the year.
June 03, 2026 at 11:57 am IST
UniCredit-Commerzbank: The Italian lender seeks to jumpstart European banking concentration
UniCredit has crossed the strategic 30% threshold in Commerzbank, strengthening its influence in a case that extends far beyond a simple tie-up between two banks. The move could serve as a major precedent for banking consolidation across Europe.
June 03, 2026 at 11:45 am IST
Supermicro and Arm Tackle AI's Achilles' Heel: Energy Consumption
Super Micro Computer is partnering with Arm to launch a new generation of AI-focused servers designed to pack more computing power into data centers while curbing electricity consumption.
June 03, 2026 at 01:19 am IST
Bayer faces mounting legal risks in the United States
Bayer is the biggest faller on the DAX 40 today, tumbling 4.57% to EUR33.5 by mid-afternoon. The German giant is grappling with several legal pressures in the United States, heightening the already significant concerns surrounding the stock.
June 02, 2026 at 07:15 pm IST
Elliott pushes Northern Star to consider a sale
The American activist fund has built a stake exceeding AUD 1bn (c. $710m) in the gold mining group. It is demanding a strategic review, which could lead to a sale of the company, following a series of operational setbacks and cost overruns.
June 02, 2026 at 06:23 pm IST
Anthropic prepares for its IPO
Anthropic has taken a significant step towards Wall Street by confidentially filing a draft registration statement for an initial public offering with the SEC. The creator of Claude, a primary rival to OpenAI in the generative AI space, noted that the number of shares to be offered and the price range have yet to be determined, as the transaction remains subject to market conditions and a regulatory review.
June 01, 2026 at 11:46 pm IST
Trading at a valuation floor, Elastic breaks even and pivots towards AI
Since the explosion of large language models, the search and data analytics specialist - through its flagship Elasticsearch engine - has repositioned itself as a foundational layer for artificial intelligence.
June 01, 2026 at 01:19 pm IST
Valued at historic lows, Elastic reaches break-even and pivots towards AI
Since the explosion of large language models, the search and data analytics specialist - through its flagship Elasticsearch engine - has repositioned itself as a foundational support for artificial intelligence.
June 01, 2026 at 01:12 pm IST
Okta stock surges 30% following reassuring quarter on growth and margins
Okta sparked a sharp resurgence of interest on the stock market after a quarterly release deemed reassuring, in a cybersecurity sector where investors are increasingly discriminating between sustainable growth, profitability, and credible exposure to artificial intelligence. The stock soared approximately 30% the day after the results, driven by revenue that exceeded expectations and adjusted profitability that came in better than anticipated.
May 30, 2026 at 06:15 pm IST
Autodesk stock down despite solid quarter and aggressive industrial AI bet
Shares in Autodesk, the American specialist in design, engineering and computer-aided construction software, fell about 4% following its quarterly earnings call, despite results that topped expectations.
May 30, 2026 at 06:07 pm IST
Autodesk down despite solid quarter and aggressive industrial AI bet
Shares in Autodesk, the American specialist in design, engineering, and computer-aided construction software, fell approximately 4% following its quarterly release, despite results that topped expectations.
May 30, 2026 at 01:07 am IST
Discover our authors
- Stock Market
- Our authors
- Kevin Smith
