Futu and UP Fintech plunge over 25% on massive volume following CSRC crackdown
#Shares of Chinese online brokerages Futu Holdings and UP Fintech Holding plummeted after China's securities regulator issued a sweeping crackdown on unlicensed operations.
#Futu fell 27.5% to $89.76 on 35.2 times its average volume, while UP Fintech sank 25.3% to $4.36 on 27.3 times its average volume.
#The regulatory action forces these brokerages to wind down unlicensed mainland operations, threatening their core business model and future growth.
Quantum sector surges on $2B federal funding push and IBM foundry launch
#The U.S. quantum computing sector rallied sharply following a wave of federal funding announcements, including a $1 billion Commerce Department backing for IBM's new quantum foundry.
#Rigetti Computing surged 19.9% to $26.42 on 6.2 times its average volume, while IBM gained 15.8% on the week to close at $253.84.
#This massive government commitment of up to $2 billion signals a major acceleration in the commercialization and strategic importance of quantum technology.
Hyliion Holdings jumps 42.6% on US Navy and DARPA sea trial selection
#Hyliion Holdings experienced a major price and volume breakout after securing a key military validation for its proprietary KARNO power technology.
#The stock surged 42.6% to close at $5.99 on 20.1 million shares traded, which is 8.0 times its 20-day average volume.
#Selection by the U.S. Navy and DARPA provides a massive credibility boost and opens up lucrative defense sector opportunities for the company's power systems.
Starfighters Space surges 37.7% on $17.5M institutional funding and NASA bid
#Shares of aerospace testing company Starfighters Space soared following a series of major funding and partnership milestones.
#The stock jumped 37.7% to close at $7.20 on 12.3 million shares traded, representing 10.6 times its 20-day average trading volume.
#The combination of a new $17.5 million institutional investment and an expanded NASA-targeted partnership significantly strengthens the company's financial runway and commercial prospects.
Black Diamond reverses sharply to $2.28 after initial Phase 2 rally, down 35.8% on May 22
#Black Diamond Therapeutics announced positive Phase 2 results on May 21, initially driving the stock up 16–47% that day to $3.55.
#The stock reversed sharply on May 22, plunging 35.8% to close at $2.28 on 8.36 million shares traded, which is 5.9 times its 20-day average volume.
#The May 22 decline erased the prior day's gains, suggesting profit-taking or reassessment of the trial data's commercial implications after the initial enthusiasm.
BlackBerry surges 16.8% to a 4-year high on FedRAMP certification and QNX demand
#BlackBerry soared to its highest level in four years as momentum continues to build around its transition to software and security.
#The stock jumped 16.8% to close at $7.91 on active volume of 57.5 million shares, which is 2.3 times its 20-day average.
#High-level FedRAMP re-certification and growing demand for its QNX software in physical AI and robotics validate BlackBerry's pivot away from mobile hardware.
Navitas Semiconductor jumps 18.9% on SPAC settlement and GaN licensing expansion
#Navitas Semiconductor surged on heavy volume following several key strategic announcements that cleared regulatory and commercial overhangs.
#The stock gained 18.9% on Friday to close at $29.25 on active trading of 51.0 million shares.
#Settling a legacy SPAC dispute and launching new AI server power platforms removes legal uncertainty and positions the company to capture high-growth semiconductor markets.