NASDAQ:AXEC

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Axe Compute up 30% this week; focus shifts to what comes next

Axe Compute closed at $6.97 Friday, up nearly 5% for the day and 30.5% for the four-day week. The company reported a $43 million payment from a $260 million contract for an NVIDIA GPU cluster. Director Theodore Zhu bought 15,000 shares this week, according to an SEC filing. Axe posted a Q1 net loss of $7.7 million on $35,311 revenue.

May 31, 2026

WiseTech Global Shares Drop 16% in May Amid Job Cuts and Integration Costs
May 31, 2026, 5:42 PM EDT. WiseTech Global Ltd shares fell about 16% in May, extending a 47% year-to-date decline. The plunge followed an announcement of 2,000 job cuts linked to a two-year AI-driven restructuring, sparking union and legal challenges. Its Q3 FY2026 update revealed US$45-50 million integration costs from the E2open acquisition, squeezing profit margins and causing analysts to cut earnings forecasts to A$0.72 per share. Despite negativity, WiseTech's CargoWise platform remains resilient, used by top global freight forwarders with high customer switching costs. Brokers are divided but optimistic. UBS rates the stock a buy, projecting strong sales and EBITDA growth through FY2028. Bell Potter sees potential for a 150% share price rise, citing WiseTech's competitive moat and platform strength.