- U.S. tech stocks rebounded sharply, with the Nasdaq 100 rising 3.3% after weeks of valuation pressure on artificial intelligence infrastructure.
- Leopold Aschenbrenner's $24 billion hedge fund, Situational Awareness, completely unwound its public stock holdings and sold a stake in startup Anthropic following losses on AI positions such as SK Hynix and short positions in Adobe.
- Arm shares surged 10% on first-quarter results that beat expectations, alongside strong projected demand for its Artificial General Intelligence CPU designed for agentic AI workloads.