01 Stock Market
As of May 14, U.S. stock index futures performed as follows: Dow futures advanced 0.78%, the S&P 500 contract gained 0.30%, and Nasdaq 100 futures were up 0.20%. Traders pointed to renewed appetite for megacap technology and AI-linked names, helping offset lingering caution ahead of a fresh round of corporate earnings. The modest uptick signals an early bid to extend the prior session’s tech-led momentum despite mixed signals on global growth and geopolitics.
Notable Stock Movers: NVDA up 1.89% at $230.09 after regulators approved sales of its H200 AI chip to selected Chinese customers. CSCO up 15.22% at $117.37 as a robust quarter and surging AI-infrastructure orders overshadowed news of a workforce trim. TSLA up 1.05% at $449.96 on hopes a China-U.S. thaw could support electric-vehicle demand. Meanwhile, memory leader MU fell 1.07% at $795.02 as investors locked in gains from its recent rally.
02 Other Markets
• 10-year U.S. Treasury yield fell 0.75%, to 4.45%.
• U.S. Dollar Index rose 0.10% to 98.57.
• WTI crude oil futures fell 0.86% to 95.98 USD/barrel; COMEX gold futures fell 0.11% to 4701.40 USD/ounce.
03 Key News
1. POET Technologies clinched a $50 million initial supply order with Lumilens for AI-grade optical engines. The pact forms part of a potential five-year, $500 million collaboration to co-develop wafer-level photonic integration, positioning both firms to alleviate data-center bottlenecks in next-generation GPU deployments.
2. Cisco reported stronger-than-expected fiscal third-quarter revenue and lifted full-year guidance while announcing fewer than 4,000 job cuts. Management cited more than $5 billion in hyperscale AI network orders to date and projected at least $6 billion in related revenue during fiscal 2027, underscoring a strategic focus on silicon, optics and security.
3. NVIDIA received U.S. approval to supply H200 AI accelerators to about ten Chinese technology firms, yet shipments remain on hold. Beijing’s pending clearance keeps the deal in limbo, but the licenses highlight Washington’s calibrated approach to advanced chip exports and sustain hopes for incremental China revenue.
4. Doximity posted weaker fourth-quarter profit and issued a cautious full-year sales outlook, sending shares sharply lower pre-bell. Adjusted earnings slipped to 26 cents a share, and management projected fiscal-year revenue up to $676 million, well below analyst estimates, as the telehealth platform invests in AI-driven workflow tools.
5. Canada Goose guided for low single-digit revenue growth in the coming fiscal year, beneath market expectations. The luxury outerwear maker pointed to muted consumer demand despite elevated marketing efforts; investors focused on execution of its direct-to-consumer expansion strategy.
6. Applied Materials signalled resilient demand for premium fabrication tools ahead of its upcoming results release. Analysts expect earnings and revenue growth, driven by record orders for cutting-edge AI semiconductor capacity, even as Chinese sales level off amid export controls and local competition.
7. Klarna delivered a surprise operating profit and 44% revenue jump but tempered near-term sales guidance. The Swedish payments firm emphasized a shift toward profitability in its U.S. expansion, projecting moderated gross merchandise volumes as it balances growth with margin discipline.
8. Bullish, a U.S. digital-asset exchange, reported a wider quarterly loss yet reaffirmed 2026 revenue and expense targets while pursuing a $4.2 billion acquisition of Equiniti. Management highlighted rising options volumes and new licensing efforts to broaden derivatives offerings despite weaker trading activity in crypto markets.
9. Semiconductor Manufacturing International Corp. posted an 11.5% revenue rise and 5% profit growth but missed consensus expectations. China’s leading contract chipmaker cited improving demand visibility and stronger order pipelines, fostering a more optimistic operational outlook for the remainder of the year.
10. President Xi met visiting U.S. business leaders and pledged wider market access to American companies. The dialogue, held alongside diplomatic talks in Beijing, reinforced prospects for deeper bilateral cooperation and reassured executives of China’s commitment to an open investment environment.
