TruGolf (TRUG) Soars +20% on Buyback News

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TruGolf Holdings jumped 19.8% in a single day after its Board of Directors approved a $2 million stock repurchase program. The move signals confidence in the golf tech firm's valuation and future prospects as it looks to solidify its position in a growing niche of digital sports infrastructure.

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Canaan (CAN) Rallies +9% on $30M Buyback Plan

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Canaan surged 9.1% after announcing a share repurchase program of up to $30 million. The Chinese Bitcoin mining hardware firm is leaning into capital return amid market volatility, aiming to support its share price and demonstrate balance sheet strength following recent cost-cutting efforts.

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Nvidia Powers Ahead: AI Dominance Holds as Robotics Becomes Next Frontier

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Nvidia (NVDA) delivered another blockbuster quarter, beating expectations and forecasting $45B in Q2 revenue despite an $8B hit from U.S. export controls on China. The stock rose post-earnings as markets absorbed Nvidia’s message: global AI infrastructure buildout remains strong, with over 100 new data centers under construction using its chips. CEO Jensen Huang emphasized that AI adoption is not slowing—it’s accelerating across every sector and geography.
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Huang also unveiled GR00T-Dreams, Nvidia’s new platform for training humanoid robots, dubbing robotics the next “multi-trillion-dollar industry.” This marks a strategic expansion of Nvidia’s footprint into the broader AI-industrial complex, as competitors like Meta and Honor Device also race to deploy consumer and commercial AI-powered robots.
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But the company isn’t immune to geopolitics. China is ramping up its domestic chip ecosystem, and new U.S. rules restrict access to advanced chip design software—potentially bottlenecking international revenue. Still, Nvidia’s edge in end-to-end AI system design, combined with Blackwell chip momentum, positions it to stay ahead. The bigger risk may be overreach: as Nvidia moves from chips to platforms, it will need to maintain agility while navigating an increasingly fragmented, tariff-heavy global market.

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C3.ai Surges on AI Demand, Earnings Beat, and Expansion

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C3.ai (AI) jumped over 25% after reporting a narrower-than-expected Q4 loss of $0.16 per share and revenue of $108.7M, up 26% YoY. Generative AI continues to drive growth, with related revenue more than doubling over the fiscal year. Subscription revenue rose 9% to $87.3M, while engineering services soared 196% to $17M—together comprising 96% of total revenue.

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The company also renewed and expanded its strategic partnership with Baker Hughes, deepening co-selling efforts and scaling joint AI solutions aimed at boosting efficiency and reducing downtime across global energy assets.
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While the stock remains down 15% YTD, this earnings beat—combined with sector momentum and rising generative AI adoption—could mark a turning point. Shorts covering may have added fuel to the rally, but C3’s growing enterprise footprint and strong partnership pipeline hint at more durable upside if execution continues.

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E.L.F. Beauty Surges on Blowout Quarter and $1B Rhode Deal

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E.L.F. Beauty (ELF) rallied 24% after reporting a 47% YoY EPS jump to $0.78 on revenue of $332.7M (+4%), beating estimates and marking its 25th consecutive quarter of growth. Gross margins improved to 71%, and the company gained 190bps of U.S. market share, reinforcing its dominance in the affordable beauty space.
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But the real headline: ELF is acquiring Hailey Bieber’s Rhode for up to $1 billion—$800M at close ($600M cash, $200M stock), plus a $200M earnout. Rhode, launched in 2022, pulled in $212M in sales over the past year and is expanding into Sephora stores this fall.
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The move injects star power and TikTok-native brand equity into ELF’s portfolio, tapping into a rabid Gen Z base where a single viral reel can drive mass conversion. With Rhode’s aesthetic and ELF’s distribution machine, this deal could prove a generational unlock in beauty retail.

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