NASDAQ:BLZE

Backblaze Shares Up 10% Ahead of Next AI Cloud Test
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Backblaze Shares Up 10% Ahead of Next AI Cloud Test

Backblaze shares surged 10% Monday to $9.11, outpacing the Nasdaq after strong first-quarter results and rising AI demand. CFO Marc Suidan will meet investors at William Blair’s Growth Stock Conference Tuesday. Revenue rose 12% to $38.7 million, but the company posted a $6.1 million net loss. Competition from larger cloud firms and ongoing losses remain challenges.
June 2, 2026

Stock Market Today

  • Macquarie identifies 3 ASX shares with dividend yields over 5%
    June 2, 2026, 8:57 PM EDT. Macquarie forecasts strong dividend yields exceeding 5% from three ASX-listed companies over the next few years. APA Group (ASX: APA), a gas pipeline operator, is expected to yield 5.7% this year, rising to 5.9% by 2028, supported by stable revenues and government gas policies. EBOS Group Ltd (ASX: EBO), a healthcare products distributor, faces EBITDA challenges but benefits from a new government wholesaler agreement, with dividends predicted to climb from 5.9% to 6.9% by 2028. Nine Entertainment (ASX: NEC) could see improved advertising revenue and new digital platform payments for news, with Macquarie optimistic about a market rebound by FY27. All three offer potential income strength amid varying sector dynamics.