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S&P 500
7,553.68
–56.10 (–0.74%)
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Dow Jones
50,687.07
–620.72 (–1.21%)
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NASDAQ
26,853.98
–239.92 (–0.89%)
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Market close: June 3, 2026
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Breaking News
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Broadcom stock sinks in after hours as AI chip
forecast disappoints
Broadcom shares fell 12% in premarket trading Thursday
after the company's AI chip sales outlook came in below
Wall Street expectations.
The company reported revenue of $22.19 billion, slightly
above the consensus estimate of $22.13 billion, while
earnings per share of $2.44 topped estimates of $2.39.
Broadcom forecast current-quarter revenue of $29.4
billion, ahead of analyst expectations of $28.61
billion.
However, investors focused on the company's AI
semiconductor outlook. AI chip revenue is expected to
reach $16 billion in the third quarter, below analysts'
forecasts of $17.2 billion.
The company also did not raise its 2026 AI semiconductor
sales forecast, disappointing investors despite
second-quarter AI semiconductor revenue growing 143%
year over year.
Yahoo
Finance
reports.
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Image source: AI-generated with OpenAI
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EdgeUp
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🚁 Ondas stock plunges 14%: The insider sale and
drone deal traders are fighting over
Ondas shares fell sharply during Thursday trading after
new insider-sale and resale filings weighed on investor
sentiment.
The defense and autonomous systems company closed
Wednesday at $11.61, down 14.5%, and was last indicated
at $11.21 in after-hours trading, according to Google
Finance data.
The decline comes as Ondas has emerged as a closely
watched name in the drone, counter-drone, and autonomous
defense sectors.
Following the stock's strong run toward its 52-week
high, investors are paying close attention to filings
that could increase share supply, as these developments
can have a significant impact on sentiment alongside
contract announcements and business updates. TechStock²
reports.
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🧪 Rigetti shares fall premarket with fresh Nasdaq
test for quantum
Rigetti Computing shares fell before Thursday's Nasdaq
open, trading at $24.10, down $2.79, or about 10.4%,
from the previous close.
Investors are preparing for another test of sentiment
toward the quantum computing sector, which remains one
of the market's most volatile technology themes.
Quantum stocks tend to move more on government
initiatives, research breakthroughs, and progress in
qubit hardware development than on current earnings
performance.
Investors continue to watch for advances that could
allow quantum computers to solve problems beyond the
capabilities of traditional computing systems.
TechStock²
reports.
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🛡️ Netskope shares fall after earnings beat
Netskope shares dropped nearly 20% in after-hours
trading Wednesday despite reporting higher first-quarter
revenue.
The cybersecurity company closed the regular session up
2.6% at $12.40 before falling to $9.96 shortly after 7
p.m. EDT.
While revenue exceeded expectations, investors focused
on concerns surrounding cash flow and sales execution.
The move is notable because Netskope is a relatively
recent entrant to the public cloud and AI security
software market. The company went public in September at
$19 per share, raising $908.2 million, and the
after-hours decline pushed the stock below its IPO
price. TechStock²
reports.
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👕 Why PVH shares are trading lower by over 20%
Shares of PVH Corp. fell 21.42% to $77.01 in pre-market
trading on Thursday.
The company reported stronger-than-expected
first-quarter results, with revenue rising 2.1% year
over year to $2.03 billion and non-GAAP earnings of
$2.01 per share.
Both revenue and earnings exceeded analyst expectations.
Despite the earnings beat, investor sentiment weakened
after Evercore ISI downgraded the stock from Outperform
to In Line and lowered its price target from $95 to $79.
Analysts cited PVH's 46% year-to-date rally and noted
that fiscal 2026 guidance includes tariff refunds,
factors that may have tempered enthusiasm for the stock.
Benzinga
reports.
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🧪 Honeywell's Quantinuum heads for Nasdaq debut as
quantum computing gains momentum
Honeywell's Quantinuum is set to begin trading on Nasdaq
on Thursday after strong investor demand helped the
quantum computing company raise $1.68 billion in an
upsized initial public offering.
The debut comes amid growing enthusiasm for quantum
computing, a technology that aims to solve certain
highly complex problems faster than conventional
computers.
Investor interest in the sector has increased following
recent breakthroughs and rising expectations that
quantum systems could eventually deliver practical
advantages in areas such as optimization, materials
science, and advanced computing.
Quantinuum's market debut marks another major milestone
for the emerging quantum computing industry as it seeks
to move from research-driven development toward broader
commercial adoption.
Yahoo
Finance
reports.
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It's June 4 — the PDT rule is
officially gone at TradeZero
|
|
As of this morning's market open, TradeZero America is
PDT-free. No more $25,000 PDT minimum. No more
3-day-trade limit within 5 business days. No PDT
designation. Eligible accounts can trade without PDT
starting today.
And your summer promotion is live today:
- 50% off options contract fees — $0.21 per
contract (down from $0.42)
- 15% off every eligible locate fee
Automatically applied from June 4 through September
4, 2026. No sign-up code needed. Dormant accounts
that reactivate during the period also qualify. T&Cs
apply.
Active trading and day trading involve substantial
risk and are not suitable for all investors.
Investors may lose more than their initial
investment.
|
See the
full summer promotion
|
|
|
Questions about what today's changes
mean for your margin or strategy?
|
Watch our on-demand trader Q&A with Dan Pipitone, Richie
Naso and Bob Iaccino.
Watch
our on-demand trader Q&A
|
|
|
Tech Thursday
|
Morningstar values SpaceX at $780 billion, half its
IPO target
Morningstar analysts pegged SpaceX's valuation at $780
billion, less than half of what the Elon Musk-led
company is reportedly targeting in its initial public
offering, ahead of a planned roadshow this week.
Prospects for the company's artificial intelligence
business, which includes xAI and social media platform
X, were uncertain given unclear economics and
competition from OpenAI and Anthropic, the research firm
said.
"We don't see Grok as one of the leading AI labs today,"
said Morningstar equity analyst Nicolas Owens, referring
to the chatbot developed by xAI.
Owens also warned that the future promise of SpaceX's
AI segment relies on untested technology such as orbital
data centers. Starlink, the satellite broadband
business, also faces technological hurdles, many of
which may be outside the company's control, he said.
"We think the company has been significantly overvalued
and investors will have opportunities to buy the stock
at more attractive levels after the IPO," Owens said.
The warning stands out as a rare contrarian view at a
time when enthusiasm for the IPO has been high.
SpaceX is aiming to launch the roadshow on June 4, with
the stock scheduled to debut on the Nasdaq on June 12,
Reuters has reported.
Morningstar said the stock could ascend in the near
term, given the low float and the strong cadre of major
investment banks underwriting the IPO.
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Yahoo
Finance
reports.
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Top 5 Movers in Early Pre-Market
|
(All pricing and percent gains are based on Early
Pre-Market from 4:00 AM to 7:00 AM ET)
Stock Analysis reports.
|
1) STI: Solidion
Technology, Inc.
Total gain: +209.13%
|
|
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Total gain: +49.37%
|
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3) FOXX: Foxx Development
Holdings Inc.
Total gain: +47.90%
|
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4) EDHL: Everbright
Digital Holding Limited
Total gain: +34.81%
|
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5) RPGL: Republic Power
Group Limited
Total gain: +19.14%
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Today’s Economic Dates
|
|
Time (ET)
|
Report
|
Period
|
|
8:30 AM
|
Initial jobless claims
|
May 30
|
|
8:30 AM
|
U.S. productivity
|
Q1
|
|
8:30 AM
|
Richmond Fed President Tom Barkin speech
|
N/A
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|
View
more
|
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Yesterday's Biggest Movers
|
|
The closing price of the top three market percent
gainers trading near or above $3 on
June 3.
|
All pricing and percent gains are based on regular
market trading hours from 9:30 AM to
4:00 PM ET
Stock Analysis reports.
|
|
Total gain: +234.53%
The company announced the launch of its 2.5MWh Power
Hub series, a family
of fully integrated, behind-the-meter energy storage
and hybrid power systems
engineered to deliver megawatt-scale power where the
U.S. grid cannot. Built
on the same proven architecture as the Xos Hub™
mobile EV charging
platform, the Power Hub series scales from 1.2 MWh
to 4 MWh and ships
inside a standard intermodal container, energizing
industrial sites, data centers,
and mission-critical facilities within days, not the
three to seven years that grid
interconnection now routinely demands. Globe
Newswire
reports.
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2) SDOT: Sadot
Group Inc.
Total gain: +105.79%
The stock appeared to be moving on no notable news.
|
|
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Total gain: +90.00%
The company announced the rapid scale-up of its new
energy vehicle ("NEV")
business, driven by a broadening product lineup and
a growing portfolio of
patents and software copyrights during the second
half of 2025 and the first
quarter of 2026. PR
Newswire
reports.
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Refer a Friend & Earn Together
|
|
Did you know that it pays to invite your friends to
TradeZero?
|
|
When they fund a new account with us, you’ll both
receive $100 USD. T&Cs apply.
|
|
Learn
more
|
|
|
Today’s Notable Earnings
|
Estimate and Actual numbers represent Earnings Per Share in US
Dollars
|
|
|
DOCU
DocuSign
Q1 2027
|
After Market Close
Estimate: 0.870
Actual: N/A
|
|
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|
RBRK
Rubrik
Q1 2027
|
After Market Close
Estimate: -0.110
Actual: N/A
|
|
|
|
COO
Cooper Companies
Q2 2026
|
After Market Close
Estimate: 1.100
Actual: N/A
|
|
View
more
|
|
|
Enjoying the DailyEdge?
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Recommend our 5-minute daily digest to a
friend by
sharing
this
link.
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Parting Thoughts
|
|
“Being too far ahead of your time is
indistinguishable from being wrong.”
|
|
– Howard Marks
|
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Sourced in: Oaktree Capital
memos.
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