AI Stocks — 5/9/2026

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#1AVGO — Broadcom Slips 4% as OpenAI Custom Chip Deal Hits $18B Financing Snag

The Information reported Thursday that OpenAI's custom AI chip project with Broadcom has hit a major financing wall. Broadcom wants Microsoft to commit to buying 40% of the processors before it will front the initial $18 billion in chip production costs. OpenAI is targeting 2026 production on TSMC's 3nm process, and the deal is central to its plan to lower server costs as it projects burning over $200 billion through 2029.

🔗 The Information / Benzinga

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#2NET — Cloudflare Sinks 24% After Cutting 1,100 Jobs, Blaming AI

Cloudflare's stock cratered despite beating Q1 revenue expectations at $639.8 million (up 34% YoY). CEO Matthew Prince announced the company's first mass layoff in its 16-year history, cutting 20% of its workforce and citing a 600% increase in internal AI usage. It is the most explicit case yet of a major tech company attributing layoffs directly to AI replacing human roles.

🔗 CNBC

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#3INTC/AAPL — Intel Surges 14% on Preliminary Apple Chip-Manufacturing Deal

Intel hit an all-time high Thursday after the Wall Street Journal reported that Apple and Intel have reached a preliminary agreement for Intel to manufacture some Apple processors. The deal would diversify Apple's chip supply away from heavy TSMC dependence. Intel is now up roughly 175% year-to-date.

🔗 WSJ / CNBC

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#4NVDA/IREN — Nvidia Announces $5.5B Strategic AI Infrastructure Partnership with IREN

Nvidia and IREN announced a partnership to deploy up to 5 gigawatts of Nvidia's DSX-branded AI infrastructure. Nvidia secured a five-year right to take a $2.1 billion equity stake in IREN at $70/share, plus a separate $3.4 billion cloud services deal. IREN targets 150,000 GPUs by end of 2026. IREN stock jumped on the news.

🔗 Bloomberg / NVIDIA Newsroom

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#5Market — Nasdaq Surges 1.71% to Record 26,247; S&P 500 Posts Sixth Consecutive Green Week

The Nasdaq Composite jumped to a fresh all-time high on Thursday as strong April jobs data (115K added vs. 65K expected, unemployment steady at 4.3%) combined with AI demand to drive broad tech gains. The S&P 500 rose 0.76% to 7,392.56. Micron and SanDisk each rallied over 15% on AI memory demand.

🔗 The Motley Fool / TheStreet

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#6PLTR — Palantir Drops 7% Despite Blowout Q1: 85% Revenue Growth, Raised Guidance

Palantir reported Q1 revenue of $1.63 billion (up 85% YoY), crushing the $1.54B consensus, with EPS of $0.33 vs. $0.27 expected. Management raised full-year guidance to $7.65-$7.66 billion. The stock fell anyway — a classic beat-and-drop driven by valuation fatigue at roughly 85x forward earnings and 66x forward free cash flow.

🔗 CNBC / Seeking Alpha

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#7AMD — Q1 Beat on All Fronts; Data Center Revenue Up 57% YoY

AMD posted Q1 revenue of $10.3 billion and non-GAAP EPS of $1.37, both above consensus ($9.9B / $1.25). The data center segment hit $5.8 billion, fueled by EPYC processor share gains and the Instinct GPU ramp. Q2 guidance of $10.9-$11.5 billion topped the $10.52B estimate. Stock gained 4%.

🔗 StartupHub / Yahoo Finance

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#8SOUN — SoundHound AI Drops 13% After Q1 Earnings Disappoint on Margins

SoundHound reported Q1 revenue of $44.2 million (up 52% YoY), but posted a net loss of $25 million and saw GAAP gross margin fall 5 percentage points to 31%. Operating cash flow came in at negative $26.3 million. Management reaffirmed full-year guidance of $225-$260 million, but the margin deterioration spooked investors.

🔗 24/7 Wall St. / Yahoo Finance

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#9NVDA/AVGO — Morgan Stanley Hikes Price Targets, Cites Tightening AI Chip Supply

Morgan Stanley raised price targets on both Nvidia and Broadcom following meetings in Asia and the U.S. that pointed to broad-based AI strength and tightening supply across the semiconductor chain. Broadcom's target moved to $443 from $409. Bank of America separately noted NVDA trades at a 30% discount to peers on market-cap-to-FCF, with projected FCF above $400 billion for 2026-2027 combined.

🔗 Investing.com / Yahoo Finance

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#10GOOGL — Google Signs Classified AI Contract with Pentagon Amid Employee Pushback

The Department of Defense announced agreements with eight major tech companies — including Alphabet — to deploy AI on classified networks. Google's contract permits use of Gemini models for "any lawful government purpose," though Google added language barring domestic mass surveillance and autonomous weapons without human oversight. 950 Google employees signed an open letter opposing the deal. Google Cloud revenue was already up 63% YoY in Q1.

🔗 Bloomberg / The Information

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📈 AI Stock News Briefing — May 9, 2026 at 6:15 AM

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Recent AI Stocks

Top stories, ranked by relevance.

#1AVGO — Broadcom Slips 4% as OpenAI Custom Chip Deal Hits $18B Financing Snag

#2NET — Cloudflare Sinks 24% After Cutting 1,100 Jobs, Blaming AI

#3INTC/AAPL — Intel Surges 14% on Preliminary Apple Chip-Manufacturing Deal

#4NVDA/IREN — Nvidia Announces $5.5B Strategic AI Infrastructure Partnership with IREN

#5Market — Nasdaq Surges 1.71% to Record 26,247; S&P 500 Posts Sixth Consecutive Green Week

#6PLTR — Palantir Drops 7% Despite Blowout Q1: 85% Revenue Growth, Raised Guidance

#7AMD — Q1 Beat on All Fronts; Data Center Revenue Up 57% YoY

#8SOUN — SoundHound AI Drops 13% After Q1 Earnings Disappoint on Margins

#9NVDA/AVGO — Morgan Stanley Hikes Price Targets, Cites Tightening AI Chip Supply

#10GOOGL — Google Signs Classified AI Contract with Pentagon Amid Employee Pushback