Qnity Electronics reported its best quarter since spinning off from DuPont in November, with revenue jumping 17.6% to $1.32 billion and earnings per share rising 33.3% to $1.08. The company, which supplies essential chemicals for semiconductor manufacturing, beat analyst expectations and raised full-year guidance. Major customers include TSMC, Samsung, and SK Hynix, benefiting from growing demand for AI infrastructure.
Jim Cramer advised investors to hold Nvidia stock despite a recent dip, noting the company is set to report earnings on Wednesday evening, May 20. Wells Fargo raised its price target for Nvidia to $325, citing a strong chip pipeline through 2027. Cramer highlighted that Nvidia's chips are vital for President Trump's upcoming visit to China, and the CNBC Investing Club stock is up about 115% so far this year.
AI threats are boosting the case for cybersecurity stocks like CrowdStrike and Palo Alto Networks. A new report shows hackers using AI to create dangerous attacks, including bypassing two-factor authentication. Both firms use AI to detect and stop threats in real time, with CrowdStrike stock nearing a record high. Analysts predict increased spending on security tools as AI lowers the barrier for hackers.
Monaco, an AI-powered sales platform, secured $50 million in Series B funding led by Benchmark. The company launched from stealth in February and has already signed hundreds of customers during its public beta. The new money will help Monaco scale its team and improve its platform, which uses machine learning to analyze customer data and provide personalized sales advice.
The Philadelphia Semiconductor Index rose over 50% in just 25 trading days by early May 2026, driven by a global scramble for high-bandwidth memory and DRAM chips. Intel soared more than 100% due to its partnership with Apple, while other players like Credo Technology and Astera Labs also doubled in value. Veteran strategists warn that the rapid pace might create a bubble, but bulls argue that AI spending is much larger than the tech crash in 2000.
Forus, a startup founded by Sahir Jaggi, reached a $1 billion valuation to help patients get their medications. The company uses AI software to handle the complex administrative work behind prescriptions, processing doctor orders and checking pharmacy restrictions in real time. Thousands of medical practices now use Forus, with usage growing tenfold in two years, and the startup has raised $160 million from investors like Thrive Capital and General Catalyst.
Journalists sued Google for allegedly using their voices to train AI without permission. The plaintiffs include Carol Marin and Pulitzer Prize winners Yohance Lacour and Alison Flowers, claiming Google violated their privacy rights under Illinois law. The lawsuit alleges Google scraped internet voice recordings to power its AI voices, following a separate lawsuit by former NPR host David Greene in California. The case is currently being heard in the U.S. District Court for the Northern District of Illinois.
Amazon now offers five distinct grocery delivery services in the United States, ranging from 30-minute delivery to standard same-day and scheduled times. Prime members receive enhanced benefits across all these services, including Same-Day Delivery available in over 2,300 cities, Amazon Fresh, and Amazon Now for ultra-fast delivery in 30 minutes or less. Amazon also partners with local grocers to expand its delivery network.
Goldman Sachs President John Waldron discussed how AI will transform workforce processes, highlighting changes coming to asset management and other business areas. The discussion focused on how artificial intelligence will reshape daily operations at the bank, providing insight into Goldman Sachs' approach to integrating AI into its core functions.
S&P Global Energy launched HorizonsAgents, a suite of four AI tools for energy and finance, including agents for transition finance, data centers, sustainability benchmarking, and net zero investments. These agents help analyze complex data on energy security and sustainability, turning data into decision-ready insights in minutes. The tools allow teams to compare performance easily and help investors manage climate risk.
Adobe expanded its bug bounty program to reward AI security research, introducing a new AI Bonus Tier with rewards up to $15,000 for critical vulnerabilities. This tier covers new AI tools like Acrobat AI Assistant, Firefly Image Models, and Photoshop AI Assistant. Adobe aims to attract skilled researchers to test its AI capabilities for security flaws, ensuring its AI features are safe as they become more widespread.
Key Takeaways
['Qnity Electronics Reports Record Quarter Amid AI Boom
Qnity Electronics delivered its best quarter since spinning off from DuPont in November. Revenue jumped 17.6% to $1.32 billion, while earnings per share rose 33.3% to $1.08. The company beat analyst expectations for both sales and profits. Management raised its full-year guidance, showing confidence in future growth. Qnity supplies essential chemicals and materials for semiconductor manufacturing. Its two main segments help build computer chips and solve performance challenges like heat management. Major customers include TSMC, Samsung, and SK Hynix. The company benefits from the growing demand for AI infrastructure and data centers.
Jim Cramer Advises Investors to Hold Nvidia Despite Stock Dip
Jim Cramer told investors not to sell Nvidia stock just because it dropped from a recent high. The tech giant is set to report earnings on Wednesday evening, May 20. Wells Fargo raised its price target for Nvidia to $325, citing its strong pipeline of chips through 2027. Cramer believes Nvidia’s chips are vital for President Trump’s upcoming visit to China. The CNBC Investing Club stock is up about 115% so far this year. Cramer also discussed Home Depot, which he prefers over Lowe’s due to high interest rates. He noted that lower rates would help the housing market and home improvement stocks. The club’s stock portfolio remains strong despite recent market volatility.
AI Threats Boost Case for Cybersecurity Stocks Like CrowdStrike
A new report shows hackers are using AI to create more dangerous cyber attacks. Google found that a threat actor used an AI tool to bypass two-factor authentication. This makes cybersecurity spending more critical for companies protecting their data. CrowdStrike and Palo Alto Networks are leading companies in this field. Both firms use AI to detect and stop threats in real time. CrowdStrike stock is nearing a record high, while Palo Alto Networks has also gained significantly. Investors see these companies as essential for defending against AI-powered attacks. Analysts predict increased spending on security tools as AI lowers the barrier for hackers.
Monaco Raises $50 Million to Expand AI Sales Platform
Monaco, an AI-powered sales platform, secured $50 million in Series B funding led by Benchmark. The company launched from stealth in February and has already signed hundreds of customers during its public beta. The new money will help Monaco scale its team and improve its platform. Monaco uses machine learning to analyze customer data and provide personalized sales advice. CEO Kyle Forgue says the funding will help them meet strong customer demand. Benchmark partner Daniel Alegre praised Monaco’s potential to revolutionize sales. The company aims to make sales more efficient and effective for businesses.
Monaco Secures $50 Million in Series B Funding to Grow AI-Powered Sales Platform Amid Strong Customer Demand
Monaco announced it raised $50 million in a Series B funding round led by Benchmark. This investment follows the company’s launch from stealth in February and its successful public beta phase. The funds will be used to expand the team and further develop the AI-powered sales platform. Monaco’s technology uses machine learning to help businesses streamline sales processes. Hundreds of customers have already joined the public beta and reported better results. Benchmark’s Daniel Alegre expressed excitement about Monaco’s future impact on the sales industry.
Semiconductor Index Surges 50% as AI Chip Race Intensifies
The Philadelphia Semiconductor Index rose over 50% in just 25 trading days by early May 2026. The rally was driven by a global scramble for high-bandwidth memory and DRAM chips. Every company in the index gained at least 14% during this period. Intel soared more than 100% due to its partnership with Apple. Other players like Credo Technology and Astera Labs also doubled in value. Veteran strategists warn that the rapid pace might create a bubble. However, bulls argue that AI spending is much larger than the tech crash in 2000. The surge highlights the intense global competition for AI chip supply.
Forus Startup Uses AI to Solve Prescription Drug Delays
Forus, a startup founded by Sahir Jaggi, reached a $1 billion valuation to help patients get their medications. The company uses AI software to handle the complex administrative work behind prescriptions. Its system processes doctor orders and checks pharmacy restrictions in real time. Thousands of medical practices now use Forus, with usage growing tenfold in two years. The startup has raised $160 million from investors like Thrive Capital and General Catalyst. Forus does not charge doctors or patients directly but works with pharmaceutical companies. This partnership helps ensure new drugs reach patients who need them quickly.
Journalists Sue Google Over Voice Recording Use in AI
A group of journalists sued Google for allegedly using their voices to train AI without permission. The plaintiffs include Carol Marin and Pulitzer Prize winners Yohance Lacour and Alison Flowers. They claim Google violated their privacy rights under Illinois law. The lawsuit alleges Google scraped internet voice recordings to power its AI voices. Google’s documentation says it prefers long-form, studio-quality recordings for training. This case follows a separate lawsuit by former NPR host David Greene in California. The case is currently being heard in the U.S. District Court for the Northern District of Illinois.
Amazon Offers Five Different Grocery Delivery Speed Options
Amazon now offers five distinct grocery delivery services in the United States. Options range from 30-minute delivery to standard same-day and scheduled times. Prime members receive enhanced benefits across all these services. The core offerings include Same-Day Delivery, Whole Foods Market, Amazon Fresh, and Amazon Now. Same-Day Delivery is available in over 2,300 cities and combines groceries with other Amazon items. Amazon Fresh delivers a broad selection of groceries within two hours. Amazon Now provides ultra-fast delivery for urgent needs in 30 minutes or less. Amazon also partners with local grocers to expand its delivery network.
Goldman Sachs President Says AI Will Change Workforce Processes
Goldman Sachs President John Waldron discussed how AI will transform workforce processes. He joined the Money Movers program to talk about the company’s AI strategy. Waldron highlighted changes coming to asset management and other business areas. The discussion focused on how artificial intelligence will reshape daily operations at the bank. This interview provides insight into Goldman Sachs’ approach to integrating AI into its core functions.
S&P Global Energy Launches Four New AI Agents for Energy Data
S&P Global Energy launched HorizonsAgents, a suite of four AI tools for energy and finance. These agents help analyze complex data on energy security and sustainability. The new tools include agents for transition finance, data centers, sustainability benchmarking, and net zero investments. The Transition Finance Agent helps benchmark corporate decarbonization plans. The Data Center Intelligence Agent evaluates energy risks for project developers. The Sustainability Benchmarking Agent allows teams to compare performance easily. The Net Zero Investment Agent helps investors manage climate risk. These agents turn data into decision-ready insights in minutes.
Adobe Expands Bug Bounty Program to Reward AI Security Research
Adobe expanded its bug bounty program to encourage security research on its AI features. The company introduced a new AI Bonus Tier with rewards up to $15,000 for critical vulnerabilities. This tier covers new AI tools like Acrobat AI Assistant, Firefly Image Models, and Photoshop AI Assistant. Adobe aims to attract skilled researchers to test its AI capabilities for security flaws. The program now includes web applications and will soon expand to mobile and desktop products. Adobe wants to ensure its AI features are safe as they become more widespread.
Sources
- An under-the-radar AI stock just delivered the best quarter of the chip sector
- Jim Cramer: Don't dump this AI leader after its stock slipped from a new high
- The case for owning cybersecurity stocks in the age of AI just got stronger
- Monaco Secures $50 Million in Series B Funding to Grow AI-Powered Sales Platform Amid Strong Customer Demand
- Monaco Secures $50 Million in Series B Funding to Grow AI-Powered Sales Platform Amid Strong Customer Demand
- Philadelphia Semiconductor Index rises 50% in 25 trading days amid global AI chip race
- Billions In Prescriptions Go Unfilled. This Startup Is Using AI To Fix That.
- Journalists sue Google for allegedly using their voices in AI training
- Amazon's 5 Grocery Delivery Speeds
- Goldman Sachs President John Waldron: Our workforce processes will change because of AI
- S&P Global Energy Launches HorizonsAgents: Faster Intelligence on Energy Security, Expansion, and Resilience with AI
- Adobe expands bug bounty program to incentivize AI security research| Adobe Security Blog
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