Pinterest has a half-billion monthly active users, notches best day in years

Pinterest shares surged by roughly 20% Wednesday, posting their biggest gain in three years following its release of strong earnings results. It was the biggest single day rise for the stock in over three years, Bloomberg says.

Q1 sales jumped 22.8%, the fastest since 2021. Monthly active users hit a record 518 million. The company still lost money, though it narrowed to its loss to $24 million, from $209 million during the first quarter last year.

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Claire Yubin Oh3h

Analyst reports that OpenAI is partnering with Qualcomm for custom processors for an AI smartphone chip

Qualcomm, the worst-performing member of the Philadelphia Semiconductor Index this year which finally got its day in the spotlight on Friday, is basking in the sunshine once again. The San Diego-based firm is up 12% in early trading on Monday after an analyst said that the smartphone chip maker is partnering with OpenAI to build new custom processors for smartphones.

Per an X post from TF Securities analyst Ming-Chi Kuo late last night, OpenAI is working with Qualcomm, as well as MediaTek and Luxshare, to develop an AI agent phone, with plans for mass production to start in 2028.

Per Kuo, processors for the AI phone, which Qualcomm and MediaTek will partner to codevelop, will prioritize “power consumption, memory hierarchy management, and basic small-model execution,” in an effort to continuously understand the user’s context, while more complex or compute-intensive tasks will be handled by cloud AI. Specifications and suppliers for the processors are expected to be finalized by late 2026 or Q1 of 2027.

The reported partnership continues OpenAI’s ambitions to get into agentic AI hardware, after it announced in July 2025 that it’s building an AI device with Broadcom under the watch of Jony Ives, the former chief design officer at Apple.

J. Edward Moreno4h

Amazon-backed X-Energy continues post-IPO rally

Nuclear energy company X-Energy continued to rise in premarket trading on Monday after rushing out of the gate on its Nasdaq debut.

X-Energy shares closed 27% above their IPO price on Friday, its first day as a publicly listed company. Shares have risen another ~16% before the bell on Monday.

The company raised $1 billion for its IPO, with high-profile backers including Amazon and Ken Griffin, the founder of the hedge fund Citadel. X-Energy had a market capitalization of $11.6 billion as of Friday’s close.

The company uses modular nuclear reactors to produce energy for industrial facilities and data centers, joining a list of energy startups including Oklo and Fermi looking to profit from the artificial intelligence boom’s massive energy demand.

X-Energy, which counts Dow, Inc. and Amazon among its clients, reported $109.3 million in revenue in 2025 and a $390 million net loss for the year.

Luke Kawa11h

US stock futures erase losses on report of new Iranian proposal to reopen the Strait of Hormuz

S&P 500 futures erased small losses on Sunday evening after Axios reported that Iran, through Pakistan, is offering a fresh proposal to reopen the Strait of Hormuz and end the conflict. West Texas Intermediate futures are off their highs, but still up 1.6% as of 9:33 p.m. ET. According to Axios, this deal would punt the issue of Iran’s nuclear program to a later date.

This new potential off-ramp follows some less than encouraging news on the status of talks between the two sides. On Saturday, President Donald Trump said that he canceled a trip to Pakistan during which Steve Witkoff (special envoy to the Middle East) and Jared Kushner (Trump’s son-in-law) had been expected to negotiate with Iran. On Sunday, Trump told Fox News that Iran “can come to us, or they can call us” if they want to talk.

The Strait of Hormuz, a key choke point for global oil flows, has been largely closed since the conflict started roughly two months ago, despite a ceasefire agreement that was said to be contingent on the reopening of this waterway. In addition to Iranian military threats, which initially made passage through the strait too dangerous for most vessels to attempt, the US has also recently started a naval blockade to limit Iranian oil exports.

Tasha Matsumoto

4/24/26

Stocks climb to new record highs on peace talk optimism and tech rally

Stocks rose on news that President Trump will send Jared Kushner and Steve Witkoff to Pakistan to negotiate peace talks with Iran. Additionally, Intel’s Q1 earnings crush lifted semiconductor stocks.

Michael Jordan #23, Shooting Guard and Small Forward for the Chicago Bulls wearing a warm up jacket looks on during player introductions before the NBA Midwest Division basketball game against the Denver Nuggets

Max Knoblauch4/24/26

Spectrum owner Charter Communications is on pace for its worst day ever as broadband numbers and Q1 results disappoint

Cable and broadband company Charter Communications is on pace for its worst-ever trading day on Friday, as investors dump the stock following its Q1 results and forward guidance.

Charter, which owns Spectrum, reported adjusted earnings of $9.17 per share, below Wall Street estimates of $9.96 per share from analysts polled by FactSet. On the company’s earnings call, CFO Jessica Fischer appeared to lower its guidance for full-year revenue per user.

“It’ll be close either way in terms of whether we end up with net growth,” Fischer said.

The company lost 120,000 internet subscribers in the quarter, deeper than the expected 94,800 and double its loss from the same period last year. That news comes one day after Comcast’s earnings provided a bit of optimism for broadband as a category: the company reported Q1 losses of 65,000, significantly improving from 183,000 losses in the same quarter last year. Comcast is down more than 10%, on pace for its worst day since January 2025.

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