Dell Technologies extended its winning streak to a 7th straight session on Friday to climb to a new all-time high, as investors gobbled up shares after the company clinched a new $10-billion contract with the US government and posted a strong earnings performance in the first quarter of fiscal year 2027.

In intra-day trading, the stock climbed to its highest price of $429.15 before paring gains to finish the session just up by 32.76 percent at $420.91 apiece.

Photo by Pok Rie on Pexels

The Department of Defense announced on Wednesday that it awarded Dell Technologies Inc. (NYSE:DELL) a five-year contract to deliver a suite of software to the US military, including Microsoft 365, advanced cloud subscriptions, and on-premises licensing capabilities.

The company bested other competitors under a competitive selection process.

Dell Technologies Inc. (NYSE:DELL) is a major buyer of Windows PC licenses and maintains a long-term partnership with Microsoft.

The Pentagon said that the agreement is expected to save the agency $422 million annually by consolidating existing IT budgets into a single, efficient vehicle.

In other news, Dell Technologies Inc. (NYSE:DELL) posted a strong earnings performance in the first quarter of the year, with net income soaring by 256 percent to $3.4 billion from only $965 million in the same period last year. Net revenues increased by 88 percent to $43.8 billion from $23.4 billion year-on-year.

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While we acknowledge the potential of DELL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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Okta saw its share prices climb to a fresh four-year high on Friday, as investor sentiment was boosted by its strong earnings performance in the first quarter of fiscal year 2027.

In intra-day trading, the stock surged to a record high of $124.79 before paring gains to end the session just up by 30.14 percent at $123.27 apiece.

Photo by AlphaTradeZone on Pexels

In a statement, Okta Inc. (NASDAQ:OKTA) said that it grew its net income during the period by 19 percent to $74 million from $62 million.

Revenues increased by 11 percent to $765 million, thanks to an 11 percent jump in subscription revenues at $750 million.

“AI agents are rapidly becoming a new workforce inside every organization, creating a wave of identities that must be secured and governed alongside human users,” Okta Inc. (NASDAQ:OKTA) CEO Todd McKinnon said.

“We’re expanding our opportunity as the world’s leading independent and neutral identity provider and helping customers make identity the unified control plane for their secure agentic enterprise,” he noted.

Looking ahead, Okta Inc. (NASDAQ:OKTA) is confident about the prospects for its business, with revenues in the second quarter expected to grow by 9 percent year-on-year to $790 million.

For the full fiscal year, total revenues are projected at $3.185 billion to $3.205 billion, representing growth of 9 to 10 percent year-on-year.

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While we acknowledge the potential of OKTA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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NetApp climbed to a fresh all-time high on Friday, as investors took heart from its strong earnings performance in the fourth quarter of fiscal year 2026, supported by the rapidly growing AI.

In intra-day trading, the stock surged to its highest price of $192.83 before paring gains to finish the day just up by 22.39 percent at $174.29 apiece.

Photo by Tima Miroshnichenko on Pexels

In a statement, NetApp Inc. (NASDAQ:NTAP) said that it was able to grow its net income by 19 percent to $404 million from $340 million in the same period last year, while net revenues increased by 12.47 percent to $1.948 billion from $1.732 billion year-on-year.

For the full fiscal year, net income grew by 8 percent to $1.276 billion from $1.186 billion, while net revenues inched up by 5 percent to $6.925 billion from $6.572 billion year-on-year.

“Fiscal year 2026 was a landmark year for NetApp with record results across revenue, gross profit, operating income, cash flow from operations, and free cash flow. Our industry-leading hybrid cloud, intelligent data infrastructure platform, trusted by the world’s leading organizations, is powering customers’ AI-driven transformations, delivering secure, high-performance access to data wherever it resides,” NetApp Inc. (NASDAQ:NTAP) CEO George Kurian said.

“We achieved our target operating margin while launching next-generation AI solutions and expanding strategic partnerships. As enterprises scale their AI ambitions, NetApp’s unified data platform and flexible offerings position us for sustained growth,” he noted.

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While we acknowledge the potential of NTAP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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BBB Foods soared by 15.55 percent on Friday to end at $37.82 apiece, after hinting at an expansion program with the raising of $22.75 million in fresh funds from a follow-on offer.

In an updated report on Thursday, BBB Foods Inc. (NYSE:TBBB) announced plans to sell 700,000 Class A common shares at a price of $32.50 to raise funds “for general corporate purposes, which may include making strategic investments.”

For illustration purposes only. Photo by Kampus Production on Pexels

The offer forms part of a broader $432 million share sale, the balance of which, covering 12.6 million shares, is set to be sold by certain selling shareholders.

The offer is expected to close on Monday, June 1, subject to customary closing conditions.

BBB Foods Inc. (NYSE:TBBB) also granted its underwriters a 30-day option to purchase up to 1.995 million additional shares at the FOO price from the company itself, which could potentially boost total funds raised to $87.6 million.

In other news, BBB Foods Inc. (NYSE:TBBB) posted a 541.8 percent wider net loss in the first three months of the year at 558.2 million Mexican pesos from only 86.98 million Mexican pesos posted in the same period a year earlier.

Total revenues, however, increased by 33.4 percent to 22.86 billion Mexican pesos from 17.13 billion Mexican pesos year-on-year.

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While we acknowledge the potential of TBBB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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Atlassian saw its share prices climb by 15.35 percent on Friday to finish at $107.61 apiece, as investor funds poured back into software stocks amid a flurry of strong earnings from its peers, while loading portfolios ahead of business updates next week.

In a notice to investors, Atlassian Corp. (NASDAQ:TEAM) said that it is set to participate in two conferences over the next few days—the Bank of America Global Technology Conference on Tuesday, June 2, as well as the Mizuho Technology Conference on June 10, a Wednesday.

Photo by Tima Miroshnichenko on Pexels

Investors are expected to watch for business cues, as well as an updated outlook for the short-term period.

In other news, Atlassian Corp. (NASDAQ:TEAM) earlier this month unveiled a new flexible commercial called Flex, designed for the AI era.

According to the company, Flex is a new licensing approach to help complex enterprises adopt its AI-powered platform with speed and flexibility amid rapidly transforming business needs.

Rather than predict usage years in advance, Atlassian Corp. (NASDAQ:TEAM) said that its largest customers will be able to flex, adopt, and scale across Atlassian’s portfolio, ensuring their investment keeps pace with how their teams actually work.

“Enterprise customers are increasingly tapping into the full breadth of the Atlassian platform, as they look for more ways to connect their teams, work, and knowledge through the power of AI,” Atlassian Corp. (NASDAQ:TEAM) CEO Mike Cannon-Brookes said.

“With Flex, our largest customers can stay agile—quickly scale up Rovo, try new apps and innovations, and adapt as their businesses change—while getting full value from what they pay for. No three-year cycles, no predicting seat usage.”

[im-yf-promo]

While we acknowledge the potential of TEAM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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Forgent Power climbed to a fresh all-time high on Friday, as investors took heart from an investment firm’s 27-percent price target upgrade for its stock.

In intra-day trading, the stock climbed to its highest price of $55.19 before trimming gains to end the session just up by 14.93 percent at $54.66 apiece.

The Dayton manufacturing facility. Photo from Forgent Power

In a market note, Jefferies raised its price target for Forgent Power Solutions Inc. (NYSE:FPS) to $56 from $44 previously, while maintaining a buy recommendation, following the latter’s strong earnings performance and evidently increasing market share, with orders surging by 308 percent, as compared with the 100 percent growth across its peers.

Meanwhile, Forgent Power Solutions Inc. (NYSE:FPS) announced that it more-than-doubled its attributable net income in the third quarter of fiscal year 2026 to $18.3 million from only $6.88 million in the same period last year. Revenues increased by 103.6 percent to $378.7 million from $186.2 million year-on-year.

Following the results, Jefferies raised its sales and EBITDA growth forecast for the power solutions provider to 15 and 16 percent, respectively.

Forgent Power Solutions Inc. (NYSE:FPS) is a designer and manufacturer of electrical distribution equipment for data centers and power grids. It was listed on the New York Stock Exchange only last February.

[im-yf-promo]

While we acknowledge the potential of FPS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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ServiceNow extended its winning streak to a third straight session on Friday, climbing 14.38 percent to close at $124.37 apiece, as investors continued to load up portfolios ahead of business announcements next week.

In a notice to investors, ServiceNow Inc. (NYSE:NOW) said that it would participate in three conferences on Wednesday, June 3, namely the Evercore TMT Global Conference, the William Blair 4t6h Annual Growth Stock Conference, and BofA Securities’ Global Technology Conference.

Photo by Alesia Kozik on Pexels

Investors are expected to watch out for the company’s business updates and outlook for the rest of the year.

Investor optimism was further supported by the strong adoption of its platform on Amazon Web Services, having surpassed $1 billion in transactions.

“ServiceNow’s $1 billion milestone reflects something larger than a commercial threshold. Enterprises are consolidating their AI infrastructure around platforms they trust, and increasingly, that means combining cloud and foundation model services with orchestration, governance, and workflow execution. ServiceNow’s platform expansion with AWS is a direct response to that demand: customers who have already committed to both platforms now have a single, connected architecture to deploy and scale AI,” ServiceNow Inc. (NYSE:NOW) said.

[im-yf-promo]

While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Zeta Global saw its share prices increase by 24.90 percent on Friday to finish at $22.89 apiece, as investor sentiment was boosted by its chief executive’s highly optimistic outlook about the company.

In a television interview on the same day, Zeta Global Holdings Corp. (NYSE:ZETA) CEO David Steinberg said that its AI platform called Athena “is winning in the marketplace.”

A stock market graph. Photo by energepic.com

“The truth is, there are very few companies that have implemented AI, and if you look at data, we started working on artificial intelligence in 2017. We put our AI platform live in 2020, and if you look at our business, we’re now [in our] 4th year of 30+ percent compounded growth on an average basis. That’s because our AI is winning in the marketplace,” he noted.

“Clients that are adopting Athena are seeing an even higher return on marketing spend than 600 percent. Our goal is to get clients to 1000 percent return on investment for every marketing dollar they spend through our platform, and I think that turbulence is causing clients to adopt Athena faster, which is one of the reasons I think why our business is growing faster than we originally expected it to.”

Athena is a superintelligent agent that aims to revolutionize marketing by uniting conversational AI, predictive answers, real-time activation, and measurement in one adaptive command center.

In the first quarter of fiscal year 2026, Zeta Global Holdings Corp. (NYSE:ZETA) said that Athena propelled agent interactions by more than 7x and accounted for 60 percent of AI platform usage in its first week of general availability.

[im-yf-promo]

While we acknowledge the potential of ZETA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

International Business Machines extended its winning streak to a third consecutive day on Friday, climbing 12.71 percent to close at $297.80 apiece, after unveiling plans to invest $15 billion in quantum computers and open source software for the AI era.

In separate disclosures, International Business Machines Corporation (NYSE:IBM) told the Securities and Exchange Commission that it plans to invest $10 billion in quantum computing over the next five years, in line with its plan to build the first large-scale fault-tolerant quantum computer by 2029.

Photo by Valeria Drozdova on Pexels

The total amount will be allocated for research and development, capital expenditures, ecosystem partnerships, manufacturing scaling, and mergers and acquisitions, among others.

To date, International Business Machines Corporation (NYSE:IBM) has successfully deployed over 90 quantum systems, including more quantum computers than reported by all other industry players combined.

The investment forms part of the company’s promise with the Department of Commerce last week for the development of an American quantum chip foundry (Anderon) to accelerate quantum innovation.

In other news, International Business Machines Corporation (NYSE:IBM) also joined forces with Red Hat for the launch of Project Lightwell—a $5 billion program which aims to establish a trusted enterprise clearinghouse combined with a global force of engineers to identify and fix vulnerabilities at scale.

The clearinghouse is said to serve as a security coordination layer, using advanced AI capabilities to validate and test fixes across an unprecedented volume of open source code.

[im-yf-promo]

While we acknowledge the potential of IBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Hewlett-Packard finished the trading week soaring to a new all-time high, as investors repositioned portfolios ahead of the results of its earnings performance in the second quarter of the fiscal year.

In intra-day trading, the stock surged to its highest price of $44.57 before trimming gains to end the session just up by 12.64 percent at $43.04 apiece.

Photo by Mizuno K on Pexels

Hewlett Packard Enterprise Co. (NYSE:HPE) is scheduled to release its financial and operating highlights after market close on Monday, June 1. A conference call will be held to elaborate on the results.

For the period, the company is targeted to report revenues between $9.6 billion and $10 billion, or a 26 percent to 31.6 percent increase versus the $7.6 billion posted in the same period last year.

GAAP diluted net earnings per share are also pegged at $0.09 to 0.13, a reversal of the $0.82 loss year-on-year.

Investors are also expected to watch for Hewlett Packard Enterprise Co.’s (NYSE:HPE) outlook for the fiscal year 2026, which was earlier targeted to grow by 17 to 22 percent as previously guided in its last analyst meeting. GAAP diluted net EPS is expected to be $1.02 to $1.22.

Aside from earnings, Hewlett Packard Enterprise Co. (NYSE:HPE) is also set to participate in the Evercore TMT Global Conference on Tuesday, June 2, as well as the Bank of America Global Technology Conference on Wednesday, June 3.

[im-yf-promo]

While we acknowledge the potential of HPE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Meanwhile, all three major indices finished in the green, with the Nasdaq leading the gains, up 0.91 percent. The S&P 500 followed with a 0.22 percent jump, Nasdaq increased by 0.20 percent.

Indices aside, this article spotlights the 10 top-performing companies on Friday and breaks down the reasons behind their gains.

To come up with the list, we considered the stocks with a market capitalization of $2 billion and 5 million shares in trading volume.

Photo by Mizuno K on pexels

10. Hewlett Packard Enterprise Co. (NYSE:HPE)

Hewlett-Packard finished the trading week soaring to a new all-time high, as investors repositioned portfolios ahead of the results of its earnings performance in the second quarter of the fiscal year.

In intra-day trading, the stock surged to its highest price of $44.57 before trimming gains to end the session just up by 12.64 percent at $43.04 apiece.

Hewlett Packard Enterprise Co. (NYSE:HPE) is scheduled to release its financial and operating highlights after market close on Monday, June 1. A conference call will be held to elaborate on the results.

For the period, the company is targeted to report revenues between $9.6 billion and $10 billion, or a 26 percent to 31.6 percent increase versus the $7.6 billion posted in the same period last year.

GAAP diluted net earnings per share are also pegged at $0.09 to 0.13, a reversal of the $0.82 loss year-on-year.

Investors are also expected to watch for Hewlett Packard Enterprise Co.’s (NYSE:HPE) outlook for the fiscal year 2026, which was earlier targeted to grow by 17 to 22 percent as previously guided in its last analyst meeting. GAAP diluted net EPS is expected to be $1.02 to $1.22.

Aside from earnings, Hewlett Packard Enterprise Co. (NYSE:HPE) is also set to participate in the Evercore TMT Global Conference on Tuesday, June 2, as well as the Bank of America Global Technology Conference on Wednesday, June 3.

9. International Business Machines Corporation (NYSE:IBM)

International Business Machines extended its winning streak to a third consecutive day on Friday, climbing 12.71 percent to close at $297.80 apiece, after unveiling plans to invest $15 billion in quantum computers and open source software for the AI era.

In separate disclosures, International Business Machines Corporation (NYSE:IBM) told the Securities and Exchange Commission that it plans to invest $10 billion in quantum computing over the next five years, in line with its plan to build the first large-scale fault-tolerant quantum computer by 2029.

The total amount will be allocated for research and development, capital expenditures, ecosystem partnerships, manufacturing scaling, and mergers and acquisitions, among others.

To date, International Business Machines Corporation (NYSE:IBM) has successfully deployed over 90 quantum systems, including more quantum computers than reported by all other industry players combined.

The investment forms part of the company’s promise with the Department of Commerce last week for the development of an American quantum chip foundry (Anderon) to accelerate quantum innovation.

In other news, International Business Machines Corporation (NYSE:IBM) also joined forces with Red Hat for the launch of Project Lightwell—a $5 billion program which aims to establish a trusted enterprise clearinghouse combined with a global force of engineers to identify and fix vulnerabilities at scale.

The clearinghouse is said to serve as a security coordination layer, using advanced AI capabilities to validate and test fixes across an unprecedented volume of open source code.

8. Zeta Global Holdings Corp. (NYSE:ZETA)

Zeta Global saw its share prices increase by 24.90 percent on Friday to finish at $22.89 apiece, as investor sentiment was boosted by its chief executive’s highly optimistic outlook about the company.

In a television interview on the same day, Zeta Global Holdings Corp. (NYSE:ZETA) CEO David Steinberg said that its AI platform called Athena “is winning in the marketplace.”

“The truth is, there are very few companies that have implemented AI, and if you look at data, we started working on artificial intelligence in 2017. We put our AI platform live in 2020, and if you look at our business, we’re now [in our] 4th year of 30+ percent compounded growth on an average basis. That’s because our AI is winning in the marketplace,” he noted.

“Clients that are adopting Athena are seeing an even higher return on marketing spend than 600 percent. Our goal is to get clients to 1000 percent return on investment for every marketing dollar they spend through our platform, and I think that turbulence is causing clients to adopt Athena faster, which is one of the reasons I think why our business is growing faster than we originally expected it to.”

7. ServiceNow Inc. (NYSE:NOW)

ServiceNow extended its winning streak to a third straight session on Friday, climbing 14.38 percent to close at $124.37 apiece, as investors continued to load up portfolios ahead of business announcements next week.

In a notice to investors, ServiceNow Inc. (NYSE:NOW) said that it would participate in three conferences on Wednesday, June 3, namely the Evercore TMT Global Conference, the William Blair 4t6h Annual Growth Stock Conference, and BofA Securities’ Global Technology Conference.

Investors are expected to watch out for the company’s business updates and outlook for the rest of the year.

Investor optimism was further supported by the strong adoption of its platform on Amazon Web Services, having surpassed $1 billion in transactions.

“ServiceNow’s $1 billion milestone reflects something larger than a commercial threshold. Enterprises are consolidating their AI infrastructure around platforms they trust, and increasingly, that means combining cloud and foundation model services with orchestration, governance, and workflow execution. ServiceNow’s platform expansion with AWS is a direct response to that demand: customers who have already committed to both platforms now have a single, connected architecture to deploy and scale AI,” ServiceNow Inc. (NYSE:NOW) said.

6. Forgent Power Solutions Inc. (NYSE:FPS)

Forgent Power climbed to a fresh all-time high on Friday, as investors took heart from an investment firm’s 27-percent price target upgrade for its stock.

In intra-day trading, the stock climbed to its highest price of $55.19 before trimming gains to end the session just up by 14.93 percent at $54.66 apiece.

In a market note, Jefferies raised its price target for Forgent Power Solutions Inc. (NYSE:FPS) to $56 from $44 previously, while maintaining a buy recommendation, following the latter’s strong earnings performance and evidently increasing market share, with orders surging by 308 percent, as compared with the 100 percent growth across its peers.

Meanwhile, Forgent Power Solutions Inc. (NYSE:FPS) announced that it more-than-doubled its attributable net income in the third quarter of fiscal year 2026 to $18.3 million from only $6.88 million in the same period last year. Revenues increased by 103.6 percent to $378.7 million from $186.2 million year-on-year.

Following the results, Jefferies raised its sales and EBITDA growth forecast for the power solutions provider to 15 and 16 percent, respectively.

Forgent Power Solutions Inc. (NYSE:FPS) is a designer and manufacturer of electrical distribution equipment for data centers and power grids. It was listed on the New York Stock Exchange only last February.

Click to continue reading and see the other 5 Stocks With Explosive Returns.

Disclosure: None. Follow Insider Monkey on Google News.

The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels

5. Atlassian Corp. (NASDAQ:TEAM)

Atlassian saw its share prices climb by 15.35 percent on Friday to finish at $107.61 apiece, as investor funds poured back into software stocks amid a flurry of strong earnings from its peers, while loading portfolios ahead of business updates next week.

In a notice to investors, Atlassian Corp. (NASDAQ:TEAM) said that it is set to participate in two conferences over the next few days—the Bank of America Global Technology Conference on Tuesday, June 2, as well as the Mizuho Technology Conference on June 10, a Wednesday.

Investors are expected to watch for business cues, as well as an updated outlook for the short-term period.

In other news, Atlassian Corp. (NASDAQ:TEAM) earlier this month unveiled a new flexible commercial called Flex, designed for the AI era.

According to the company, Flex is a new licensing approach to help complex enterprises adopt its AI-powered platform with speed and flexibility amid rapidly transforming business needs.

Rather than predict usage years in advance, Atlassian Corp. (NASDAQ:TEAM) said that its largest customers will be able to flex, adopt, and scale across Atlassian’s portfolio, ensuring their investment keeps pace with how their teams actually work.

“Enterprise customers are increasingly tapping into the full breadth of the Atlassian platform, as they look for more ways to connect their teams, work, and knowledge through the power of AI,” Atlassian Corp. (NASDAQ:TEAM) CEO Mike Cannon-Brookes said.

“With Flex, our largest customers can stay agile—quickly scale up Rovo, try new apps and innovations, and adapt as their businesses change—while getting full value from what they pay for. No three-year cycles, no predicting seat usage.”

On May 26, Piper Sandler lowered its price recommendation on Corebridge Financial, Inc. (NYSE:CRBG) to $31 from $35. It reiterated an Overweight rating on the shares. The firm said the change reflects recent stock performance and the passage of time. Piper noted that it has generally increased price targets for most insurance carriers while lowering targets for some insurance brokers. Its analysis takes a bottom-up approach. Following first-quarter results, the firm believes investors may be better served focusing on insurance carriers rather than brokers. According to Piper, underwriting performance provided stronger-than-expected support for carriers, while brokers delivered weaker organic growth results.

On May 13, BofA raised its price goal on CRBG to $41 from $40 and maintained a Buy rating on the stock. The analyst said that neither Corebridge nor Equitable (EQH) is currently included in the S&P indices. If a combination between the two companies were to occur and the merged company gained entry into the index, it could generate substantial demand for the shares. The analyst added that such demand could potentially exceed the impact of a share repurchase program.

Corebridge Financial, Inc. (NYSE:CRBG) provides retirement solutions and insurance products across the United States. The company works with financial professionals and institutions to help individuals plan, save, and build more secure financial futures.

[im-yf-promo]

While we acknowledge the potential of CRBG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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READ NEXT: 10 Best Reddit Stocks to Buy According to Billionaires and 10 Safe Stocks to Buy for the Long Term in 2026

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On May 18, Truist lowered its price recommendation on Xcel Energy Inc. (NASDAQ:XEL) to $92 from $95. It reiterated a Buy rating on the shares. The change came as part of a broader research update on the Power and Utilities sector ahead of the American Gas Association’s Financial Forum. The analyst noted that the industry is now in the third year of the data center expansion wave, with investment levels continuing to rise alongside growth expectations. Truist believes vertically integrated electric utilities are well-positioned to benefit as they build the infrastructure needed to support growing power demand.

During Xcel Energy’s first-quarter 2026 earnings call, President, CEO, and Chairman Robert Frenzel said the quarter was marked by strong capital execution and increasing demand from large-load customers. He noted that the company invested more than $3 billion in new infrastructure during the quarter and remains on track to complete the largest capital investment program in its history this year.

Frenzel also discussed Xcel Energy’s agreement with Google for a new data center. Under the 15-year arrangement, Google will cover the full cost of the service and infrastructure required for the project. He said the company expects the data center to generate between $1 billion and $1.5 billion in customer savings over the life of the Electric Service Agreement (ESA). Addressing efforts to accelerate energy supply and development, Frenzel said Xcel Energy finalized a non-exclusive agreement with NextEra Energy in April, following an earlier memorandum of understanding. He added that work is already underway on solutions designed to support 2 gigawatts of new data center capacity.

Xcel Energy Inc. (NASDAQ:XEL) is an electric and natural gas delivery company. Through its utility subsidiaries, NSP-Minnesota, NSP-Wisconsin, PSCo, and SPS, the company serves approximately 3.9 million electric customers and 2.2 million natural gas customers with a range of energy-related products and services.

[im-yf-promo]

While we acknowledge the potential of XEL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

[/im-yf-promo]

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On May 26, Susquehanna initiated coverage of Woodward with a Positive rating. It also set a $423 price target on the stock. In a research note, the analyst said that the company designs, manufactures, and services fluid, combustion, electrical, propulsion, and motion control systems that operate in demanding environments. The firm expects the company to grow revenue by 12% annually and free cash flow by 24% annually through fiscal 2028. Susquehanna believes that growth will be supported by commercial aerospace backlogs of more than 15,000 aircraft, continued increases in aircraft utilization, and the broader transition from hydraulic systems to electrification. The firm also highlighted Woodward’s “strong exposure” to Boeing and Airbus.

On May 5, Truist raised its price recommendation on Woodward to $415 from $404. It reiterated a Buy rating following the company’s second-quarter earnings beat and guidance increase. The analyst said management’s higher outlook was encouraging because it exceeded Street expectations across the board and reflected confidence in end-market demand for the rest of fiscal 2026. The firm also noted that management has not seen any impact from recent geopolitical developments and remains confident in the commercial aerospace services market.

Woodward, Inc. (NASDAQ:WWD) designs, manufactures, and services energy conversion and control solutions for the aerospace and industrial equipment markets. The company operates through its Aerospace and Industrial segments.

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On May 27, CNBC reported that JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon said the bank could spend as much as $20 billion on an acquisition over the next few years. A transaction of that size would be the largest deal of Dimon’s two-decade tenure at JPMorgan. It would also test regulators’ willingness to approve further consolidation among the largest U.S. banks. Dimon made the following remark at a financial conference in New York:

“I do think there might be opportunities, and so we are on the lookout. There might be, in the next couple years, a chance to put $10 [billion] or $20 billion to work buying something,”

At the same time, Dimon made it clear that acquisitions are not a core part of JPMorgan’s growth strategy. He described dealmaking as more of a last resort and cautioned that banks that rely too heavily on acquisitions are often making up for weak organic growth.

JPMorgan has largely expanded through organic growth in recent years. One notable exception was its FDIC-assisted acquisition of First Republic Bank in 2023. As part of that deal, the bank paid $10.6 billion to the regulator.

Under Dimon’s leadership, JPMorgan’s biggest and most significant acquisitions have largely come during periods of market stress. These include First Republic, Bear Stearns, and the retail banking operations of Washington Mutual. The bank also acquired several smaller fintech companies. That pace slowed after it spent $175 million to acquire Frank in 2021, a college financial aid startup that was later found to be fraudulent.

JPMorgan Chase & Co. (NYSE:JPM) offers investment banking, consumer and small business services, commercial banking, transaction processing, and asset management.

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While we acknowledge the potential of JPM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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On May 20, Barclays analyst Andrew Mok lowered his price recommendation on RadNet, Inc. (NASDAQ:RDNT) to $65 from $70. It reiterated an Overweight rating on the stock. The analyst said RadNet continues to outperform Lumexa in advanced volume growth and pricing across its imaging business.

In April, RadNet announced a joint venture with Saint Alphonsus Health System through the acquisition of a majority equity stake in Intermountain Medical Imaging, LLC. The company owns five outpatient multi-modality imaging centers in Boise, Idaho.

As part of the partnership, Gem State Radiology will provide radiology interpretation and reporting services to Saint Alphonsus Health System using DeepHealth’s solutions.

RadNet, Inc. (NASDAQ:RDNT) is a national provider of fixed-site diagnostic imaging services in the United States. The company operates a network of 407 owned and/or managed outpatient imaging centers across the country.

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While we acknowledge the potential of RDNT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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On May 28, Northland analyst Nehal Chokshi lowered the firm’s price recommendation on Salesforce, Inc. (NYSE:CRM) to $202 from $229. He reiterated a Market Perform rating on the shares. In a post-earnings note, the analyst said that estimated constant-currency current remaining performance obligation (cRPO) growth appears to be slowing.

Also on May 28, BMO Capital lowered its price goal on Salesforce to $215 from $225. It kept an Outperform rating on the stock following the company’s first-quarter earnings report. The firm said the results and guidance are unlikely to change the views of either bullish or bearish investors. As a result, BMO expects little impact on fiscal 2027 revenue growth expectations. According to the analyst, investors will likely remain focused on signs of stronger revenue growth and evidence that any improvement can be sustained. Even so, BMO continues to view the stock favorably, citing the potential for better revenue growth and what it considers an undemanding valuation.

Northland analyst Nehal Chokshi is a customer relationship management (CRM) technology company. Its AI-powered Agentforce 360 Platform provides solutions for sales, service, marketing, commerce, collaboration, data management, integration, analytics, and information technology (IT) services.

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While we acknowledge the potential of CRM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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On May 28, Argus downgraded Electronic Arts Inc. (NASDAQ:EA) to Hold from Buy. Earlier in the month, on May 7, Citi raised its price recommendation on EA to $204 from $202. It reiterated a Neutral rating on the shares.

Also on May 5, The Wall Street Journal reported that Electronic Arts posted higher profit and revenue for its latest quarter as net bookings increased. The video game publisher reported fiscal fourth-quarter profit of $461 million, or $1.81 per share, compared with $254 million, or $0.98 per share, in the same period a year earlier. Revenue rose to $2.12 billion from $1.9 billion. Net bookings, a metric that combines total net revenue and changes in deferred net revenue from online-enabled games, increased to $1.86 billion from $1.8 billion.

The company said Apex Legends was a key contributor during the quarter. It delivered its strongest net bookings performance of the fiscal year as engagement and monetization continued to improve.

Chief Executive Andrew Wilson said the quarter capped a record year for EA, supported by the launch of its Battlefield franchise. The report also noted that EA is preparing to go private. In September, the company announced a $55 billion deal with a group of investors that includes Saudi Arabia’s Public Investment Fund, private equity firm Silver Lake, and Affinity Partners, the investment firm founded by Jared Kushner.

Electronic Arts Inc. (NASDAQ:EA) is a digital interactive entertainment company. The company develops and delivers games, content, and online services for internet-connected consoles, mobile devices, and personal computers.

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While we acknowledge the potential of EA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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On May 21, Barclays analyst Pallav Mittal lowered the firm’s price recommendation on Smurfit Westrock Plc (NYSE:SW) to $52 from $54. He reiterated an Overweight rating on the shares. The firm updated its models for the European paper and packaging sector following first-quarter earnings reports. According to the analyst, higher inflation could slow a recovery in volumes, while rising costs may pressure margins in the near term despite ongoing price increases. Barclays said Smurfit Westrock remains its preferred name in the sector, while Mondi is its least preferred.

On May 7, Morgan Stanley analyst Ioannis Masvoulas lowered the firm’s price goal on Smurfit Westrock to $57 from $60 and kept an Overweight rating on the stock. Following the company’s first-quarter results, the firm updated its model and reduced its 2026 EBITDA estimate by 3% to $5.06 billion. The analyst cited the first-quarter earnings miss and a softer outlook for the second quarter.

Smurfit Westrock Plc (NYSE:SW) is a multinational provider of sustainable fiber-based paper and packaging solutions. The company operates across Europe, the Middle East and Africa (MEA), Asia-Pacific (APAC), North America, and Latin America. Its network of mills and plants produces various grades of containerboard, which are converted into corrugated packaging within each segment or sold to third parties.

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While we acknowledge the potential of SW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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