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Apple supplier Luxshare Precision Industry saw its Hong Kong stock debut slide by as much as 9.6% below the offer price, signaling investor caution amid global tech sector headwinds.
SpaceX shares dropped more than 6% as the frenzy surrounding its record-breaking $60 billion IPO begins to cool. The market reassessment follows a period of intense speculation and broader investor caution.
Reddit's Q1 2026 revenue surged 69% to $663 million, beating Wall Street estimates and driving shares up 9%. The company also raised its Q2 guidance and reported only $1 million in capital expenditure, marking a strategic divergence from tech hyperscalers.
Intel reports its sixth straight quarter of beating analyst expectations, driven by soaring AI demand for CPUs. The company's Q1 revenue of $13.6 billion exceeded forecasts, and its stock has surged more than 80% this year.
