Technology 18 May 2026 - 20 May 2026

Applied Optoelectronics rises premarket as insider sale filings arrive
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Applied Optoelectronics rises premarket as insider sale filings arrive

Applied Optoelectronics shares rose 3.54% to $177.40 in premarket trading Wednesday after six senior officers filed Form 144 notices for proposed sales totaling about 201,489 shares, or $34.8 million. The filings followed a May 14 agreement allowing the company to sell up to $600 million in stock through Raymond James and Needham. The stock closed Tuesday at $171.33, down 1.1%.
May 20, 2026
Ultra Clean Stock Falls Premarket on Insider Sale as AI Rally Faces Scrutiny
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Ultra Clean Stock Falls Premarket on Insider Sale as AI Rally Faces Scrutiny

Ultra Clean Holdings shares traded at $76.98 in premarket Wednesday, down 0.9%, after an SEC filing showed CIO Jeffrey L. McKibben sold 4,205 shares at $87 each on May 14. The company faces investor meetings next week amid management transition, with CFO Sheri Savage set to retire. First-quarter revenue reached $533.7 million, with second-quarter guidance up to $605 million. Other semiconductor suppliers also traded lower before the open.
May 20, 2026
Meta Sends 4 A.M. Layoff Emails as AI Drive Threatens 8,000 Jobs
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Meta Sends 4 A.M. Layoff Emails as AI Drive Threatens 8,000 Jobs

Meta began global layoffs Wednesday, cutting about 8,000 jobs, or 10% of its workforce, with notices sent in waves starting in Singapore. Around 7,000 staff are being reassigned to AI-related roles, and management layers are being reduced. The company raised its 2026 capital spending forecast to up to $145 billion, much of it for AI infrastructure. Impacted employees in the U.S. will receive severance and extended healthcare.
May 20, 2026
Bitcoin Depot bankruptcy puts 9,000 crypto ATMs offline as fraud expenses hit
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Bitcoin Depot bankruptcy puts 9,000 crypto ATMs offline as fraud expenses hit

Bitcoin Depot Inc. filed for bankruptcy and shut down its bitcoin ATM network, citing a 49% drop in first-quarter revenue and an $80.7 million decline from a year earlier. The company reported an $9.5 million net loss and warned of “substantial doubt” about its future. Shares last traded at 56.3 cents, valuing the company at $38 million. U.S. authorities have linked crypto ATMs to rising fraud and regulatory scrutiny.
May 20, 2026
BYD Car Carrier Heads to Australia as Ford, Mazda Trail
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BYD Car Carrier Heads to Australia as Ford, Mazda Trail

Intel shares rose 2.43% to $110.80 on Tuesday, ending a five-session slide amid analyst price-target hikes and renewed focus on AI server demand. The stock traded between $102.40 and $113.07, outperforming the broader Nasdaq, which fell 0.84%. Analyst targets now range from $130 to $150. Nvidia’s earnings report Wednesday is expected to test sentiment across the AI chip sector.
May 20, 2026
U.S. Drone Ambitions Meet China Rare Earth Leverage
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U.S. Drone Ambitions Meet China Rare Earth Leverage

China said it would address some U.S. concerns over rare-earth export controls but defended its curbs as legal, offering no rollback. The Pentagon’s Drone Dominance program has ordered 30,000 attack drones and plans to buy over 200,000 by 2027, but supply chains remain vulnerable. China controls nearly all rare-earth refining and magnet manufacturing, raising concerns for U.S. defense production.
May 20, 2026
HSBC falls as investors look at Asia strategy and AI plans
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HSBC falls as investors look at Asia strategy and AI plans

HSBC shares fell 0.44% to 1,321.00 pence in early London trading Wednesday as the bank opened a two-day Asia investor seminar in Hong Kong. Executives said $1.4 billion of $1.5 billion in annualised cost savings had been achieved, with AI central to future plans. HSBC maintained targets for 5% revenue growth by 2028 and a 17% return on tangible equity. The bank also launched a $4 billion China transition-finance facility.
May 20, 2026
TechnologyOne Drops on Record Profit as Investors Look for Bigger Gains
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TechnologyOne Drops on Record Profit as Investors Look for Bigger Gains

TechnologyOne shares closed down 2.9% at A$27.80 Tuesday after reporting record first-half profit and reaffirming FY26 growth guidance. Profit before tax rose 9% to A$89.1 million for the half, with annual recurring revenue up 17% to A$598.0 million. The company lifted its interim dividend to 8.0 cents. Investors sold after results met, but did not exceed, expectations.
May 20, 2026
Goodman Group Stock Faces a Data Centre Test After Quiet Friday Close
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Goodman Group Rises in Sydney, Eyes on Next Week’s AI Data-Centre Test

Goodman Group closed up 1.76% at A$30.65 on Tuesday, tracking a 1.2% gain in the ASX 200 as real-estate stocks rebounded. Charter Hall rose 2.21% and Dexus gained 1.84%. Investors are focused on Goodman’s May 26 Q3 update, which will detail progress on data-centre projects and funding. Data centres now account for 73% of Goodman’s A$14.4 billion work in progress.
May 19, 2026
LSEG Shares Edge Up After Broadcom Deal Catches Market Eye
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LSEG Shares Edge Up After Broadcom Deal Catches Market Eye

London Stock Exchange Group shares rose 1.29% to 9,394 pence on Tuesday after announcing a renewed five-year technology partnership with Broadcom focused on VMware Cloud Foundation. LSEG also reported a 9.8% rise in first-quarter income excluding recoveries and continued its share buyback, purchasing 1.46 million shares for cancellation. The FTSE 100 gained 0.61%.
May 19, 2026
Why Standard Chartered Stock Is Slipping After Its Big AI Jobs Plan
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Why Standard Chartered Stock Is Slipping After Its Big AI Jobs Plan

Standard Chartered shares slipped 0.49% to 1,912 pence in London after the bank unveiled a new growth plan targeting a return on tangible equity above 15% by 2028 and about 18% by 2030. The lender will cut over 7,000 jobs by 2030, focusing reductions on corporate and back-office roles. Manus Costello was named group CFO, pending regulatory approval. The FTSE 100 rose 0.69% at the same time.
May 19, 2026
RELX shares climb again as buyback, AI stay in view
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RELX shares climb again as buyback, AI stay in view

RELX shares climbed 1.3% to 2,535.5p in London on Tuesday, continuing a rebound after the company disclosed buying 3.44 million shares for treasury last week. The stock remains well below its 2023 high of 4,183p. Monday’s close was up 3.34% at £25.04, with trading volume below the 50-day average. The FTSE 100 rose 0.68% to 10,393.81 in Tuesday trading.
May 19, 2026
RELX Shares Edge Up, Still Facing Pressure From AI Risks
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RELX Shares Edge Up, Still Facing Pressure From AI Risks

RELX shares rose 1.44% to 2,458 pence in London on Monday, extending Friday’s rebound, but remain down 19.1% for 2026. Investors weighed RELX’s AI strategy against competition from legal tech rivals after Anthropic expanded Claude tools for lawyers. RELX is running a £350 million share buyback through May 22 as part of a planned £2.25 billion repurchase for 2026. The FTSE 100 was up about 0.5%.
May 18, 2026
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