Track the evolution of major financial and economic events
The global smartphone market is projected to shrink by 13.9% this year, reaching 1.08 billion units. This contraction is occurring amid a record chip shortage, significantly impacting production and sales in the market.
On June 1, SoftBank CEO Masayoshi Son announced a €75 billion investment commitment in France. The investment aims to build 5 gigawatts of AI data center capacity in the country. However, SoftBank's shares fell 10% on June 4 amid a broader tech sell-off, raising market concerns over SoftBank's high-risk bets on AI.
Honeywell's Board has finalized a plan to split into two independent public companies by June 29, 2026: Honeywell Technologies (Automation) and Honeywell Aerospace. The aerospace entity will trade on Nasdaq under the ticker HONA, with a reverse stock split occurring concurrently with the spin-off. Additionally, Honeywell's Quantinuum unit successfully raised $1.68 billion in an IPO priced above its initial range. The company reaffirmed its 2026 full-year guidance, projecting total sales between $38.8 billion and $39.8 billion.
Carnival reported a 6% revenue growth and an 11% operating earnings growth in Q1 2026. The company also reinstated a quarterly dividend of $0.15 per share, with 85% of 2026 capacity already sold.
On May 31, NetApp reported an EPS of $2.43, beating estimates by $0.16. The company's revenue reached $1.95 billion, representing a 12.47% year-over-year increase.
SoftBank announced a $52 billion investment in a French AI data center network. The company also committed €75 billion to France for the expansion of AI data centers. This investment aims to enhance the AI infrastructure in the country.
Nvidia CEO Jensen Huang stated that fiber optics and silicon photonics are becoming essential to overcome copper's limitations at higher bandwidths. Huang and SK Group Chairman Chey Tae-won are expected to announce a cooperation plan this coming Monday. These developments precede the scheduled debut of the first Nvidia-powered Windows PC by Nvidia and Microsoft next week.
Nvidia and Microsoft are set to unveil the first Windows OS computers powered by Nvidia chips next week. On June 1, Nvidia announced the launch of its first personal computer processor, leading to an 11% rise in Arm Holdings shares. Additionally, Arm Holdings shares jumped 18% following the launch of the NVIDIA RTX Spark Superchip, validating the Arm architecture as the foundation for the next generation of AI PCs. Furthermore, IREN closed a $3.65 billion investment-grade loan to purchase Nvidia chips for Microsoft, marking the first deal of its kind in the U.S. private placement market.
The Nvidia GTC AI Conference and FedEx Freight spin-off lead global market watch. Nvidia shares jumped 6% on GTC Taipei news, with Bank of America setting a price target of $350. Nvidia's CEO warned of persistent supply constraints amid a global surge in AI chip demand.
Walmart reported its financial results for the quarter ended April 30, 2026, with total revenues rising to $177.751 billion. eCommerce sales experienced strong growth of 26% during the quarter. However, free cash flow turned negative due to aggressive capital expenditures in automation and supply chain.
Blackstone capped redemption requests from its flagship private credit fund after surges reached $4.5 billion in the second quarter amid mounting sector fears. In response, the firm is planning to sell stakes in private investment funds worth approximately $2 billion in one of the largest deals of its kind. This move aims to test investor appetite for aging private equity vehicles and manage liquidity demands.
BitFuFu reported a loss of $0.21 per share, significantly missing analyst estimates of a $0.03 profit. Revenue fell 6.8% year-over-year to $72.66 million, missing the estimated $93.35 million. The net loss widened to $35.0 million, driven by a $35.6 million non-cash fair value loss reflecting Bitcoin price fluctuations. On May 30, Bitdeer reported zero net Bitcoin holdings after selling 206.2 BTC.
On May 29, SpaceX filed its IPO prospectus for a Nasdaq listing under the ticker SPCX, targeting a valuation of $1.8 trillion. The company aims to raise $75 billion, making this offering the largest in history and increasing competitive pressure on smaller players like Virgin Galactic. However, Danish pension fund AkademikerPension decided not to invest in SpaceX due to concerns over valuation and governance.
Eightco Holdings revealed a substantial investment portfolio valued at approximately $437 million in early June 2026, adjusted to $406 million by June 11. The holdings include a $90M indirect investment in OpenAI and $18M in Beast Industries. Additionally, the company maintains significant digital assets consisting of 16,278 ETH and over 283 million WLD tokens, alongside $142 million in cash and cash equivalents.
SentinelOne shares fell nearly 11% after issuing weaker-than-expected second-quarter revenue guidance. The company also announced a workforce reduction of approximately 8% alongside its financial results. First-quarter fiscal revenue reached $276.7 million, slightly missing the Wall Street consensus of $277.3 million.
On May 29, Oppenheimer reiterated its Outperform rating for MongoDB and raised its price target to $410 from $375. MongoDB reported Q1 fiscal 2027 revenue of $687.62 million, a 25% year-over-year increase. Additionally, Atlas cloud database revenue grew by 29%, contributing 75% of the company's total revenue.
FedEx Freight will begin independent trading on Monday following its spinoff. FedEx has finalized the spin-off of its freight division into an independent public company. Bank of America has initiated coverage on FedEx Freight with a Buy rating and a price target of $185.
Dell's stock jumped 30% as AI server revenue soared 757% to a record $16.1 billion. The stock surged 40% on AI server demand while markets monitored US-Iran talks. Despite margin pressures, Dell and HPE stocks surged due to record demand for AI servers.
On May 29, Bristol Myers Squibb announced that its experimental drug mezigdomide delayed disease progression in a late-stage trial for multiple myeloma patients. The results showed that the drug reduces the risk of disease by 52%. These findings represent a significant advancement in the treatment of this type of cancer.
The CEO of MPS denied any merger talks with Banco BPM, stating that the current focus is on the integration of Mediobanca. This comes as the company aims to strengthen its position in the market.
Dell shares jumped 30% to a record high following historic AI-driven earnings results. The company raised its FY27 AI revenue guidance after a 757% surge in server sales. Dell shares surged 30% on record AI server sales of $16.1 billion.
Dell shares surged nearly 40% after hours on May 29, following a blowout earnings report driven by AI demand. The company's revenue grew by 88% in Q1, beating expectations by 22%. Additionally, the AI server backlog soared 256% to $51.3 billion. Despite gross margins contracting to 17.7% due to product mix and supply-side pressures, valuation multiples expanded sharply after a 36-37% overnight share price jump.
NetApp's stock surged following the announcement of strong financial results and AI-driven sales forecasts. The company beat Q4 estimates with a revenue growth of 12.47%. This positive performance reflects NetApp's success in leveraging artificial intelligence technologies.
Autodesk reported Q1 revenue of $1.93 billion, exceeding the FactSet estimate of $1.89 billion. The company issued fiscal 2027 guidance with adjusted EPS projected between $12.40 and $12.65. Autodesk plans to acquire MaintainX for $3.6 billion to advance its unified platform in operations. Despite the positive performance, Autodesk's stock price declined after the earnings announcement, and the price target has been adjusted to $305, indicating a potential 26.6% upside. CEO Andrew Anagnost plans to leverage data, context, and expertise to create AI that produces accurate outputs.
