Check out Nvidia for the biggest moves day and night – the chip maker sells over 18,000 artificial intelligence chips to Saudi company Humain, the latter 500 megawatt data center. UnitedHealth Group – Insurance stock fell 16% in a low pressure system that was not seen since February 2021. The sale took place after the company said CEO Andrew Witty had resigned for “personal reasons.” The company also partially elicited guidance for 2025 due to increased medical costs that cut other insurance stocks. Coinbase – Stocks rose 22% after the S&P Dow Jones index announced that Crypto Exchange operators would be added to the benchmark S&P 500 stock index and replace Discover Financial Services before trading began on May 19th. Boeing – Aircraft Company shares rose 3%. Bloomberg reported Tuesday that China has lifted its Boeing delivery ban, citing people familiar with the issue. The company also announced that it had delivered 45 commercial jets in April. That’s almost twice the 24 planes the company offered during the same month a year ago. In Holdings – The Swiss-based company’s US registered stock increased 12% after posting revenue and revenue beats. First Sun-Solar Stock rose 22%. Wolfe Research has upgraded its first solar from peer performance to outperform as it makes the clarity of the 45x tax credit for clean energy production more clear. The company said First Solar would make $10 billion from the tax credit. Hertz Global Holdings – Car rental inventory fell 15% after quarter results worse than analysts expected. Hertz reported an adjusted loss of $1.12 per share of revenue of $1.81 billion. Analysts surveyed by LSEG expected a loss of 97 cents per share and revenue of $2 billion. Revenues fell from $2.1 billion a year ago. Rigetti Computing – Quantum Computing Stock fell nearly 11% after the company posted first-quarter revenue of $1.5 million. However, revenues were better than expected for the quarter. An intuitive machine – The Houston-based space startup rose nearly 25% after operating profits improved compared to expectations in the first quarter. Revenue missed estimates, but free cash flow surpassed expectations. Caterpillar – The construction equipment giant’s stock popped almost 4% after being upgraded from Neutral to Outperform. The company said the tariff easing is likely to drive multiple expansions of Caterpillar. Valero Energy – Following an upgrade at Goldman Sachs, the stock price rose 4% after buying from Neutral. Goldman said oil refiners can benefit from more attractive supply and trends in demand. CALUMET – A manufacturer of specialized products such as oils and solvents purchased about 5% at the start of Bank of America. The bank said Calumet’s stock can see a notable upside down through the growth of its biofuel business. Sea Limited – Added 8% after the consumer internet company reported first quarter interest, tax, depreciation or earnings adjusted prior to EBITDA. But revenue missed expectations. – CNBC’s Alex Hurling, Yun Lee, Tanaya Machel, Sean Conlong and Pia Singh reported.
