AI Surge Alert: Smart Picks & $10 Stocks on the Rise

Stocks fell Wednesday as rising Treasury yields and renewed concerns over a potential U.S. budget deal reignited investor caution. Traders monitored developments in Washington, where Republican leaders are pushing to finalize a tax-cutting budget bill. However, internal GOP disagreements over deductions for state and local taxes—and broader concerns about the bill’s impact on the national deficit—have added uncertainty.

As of 11:27 AM ET, the Dow was down -308.52 points, or -0.7229%, at $42368.73. The Nasdaq Composite added 90.28 points, or 0.42%, at $21457.65. The S&P 500 declined -7.32 points, or -0.12%, at $5933.14. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Communication Services leading the way with a 2.47% increase.

The market pullback follows a strong run, with the S&P 500 ending a six-day winning streak and the Nasdaq logging its first loss in three sessions. Still, both indices have posted impressive gains in recent weeks, rebounding more than 14% and 19%, respectively, since last month’s steep sell-off sparked by Trump’s tariff announcement on imported goods.

Top Movers: Under $10 

Sigmatron International Inc (SGMA) is up 130.26% today to trade at the current level of $2.97. This comes after the company announced a merger agreement with Transom Capital Group, LLC pursuant to which an affiliate of Transom will acquire the Company.

Hyperscale Data Inc (GPUS) zoomed 81.56% in today’s trade to $8.37 after reporting $25 million in Q1 revenue and reaffirmed $115-$125 million full-year revenue guidance.

In current trading, OFA Group (OFAL) stock is at $4.40 following the pricing of $15,000,000 initial public offering.

Greenlane Holdings Inc (GNLN) rose 21.93% in the early hours of today's trading to move at $0.01 after announcing that it has entered into a distribution agreement with Greentank Technologies (Greentank).

In the current trading session, Edible Garden AG Inc (EDBL) jumped 43.34% to $5.16 over a previous close of $3.60 after announcing that it has officially launched the initial phase of its Kick. Sports Nutrition product line on Amazon.

Ex-Dividends Stocks

Allient Inc (ALNT) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.03 per share. It has fixed May 22 as the record date for the same and will pay the actual dividend on June 05. Last year, the company distributed a total of $0.12 to its shareholders. Based on last year's worth of payments, ALNT has a trailing yield of 0.38% on the current stock price of $31.28.

Another stock that is shelling out dividends tomorrow is Applied Materials Inc (AMAT), having a market capitalization of $134.30B. It will pay a dividend of $0.46 per share, the payment date of which is June 12. Currently, the stock is trading at a trailing dividend yield of 0.97%.

Shares of Microchip Technology, Inc (MCHP) will be the talk of the stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.46 per share, and in the last 12 months, it paid a total of $1.82 per share. Last year's total dividend payments show that MCHP has a trailing yield of 2.99% on the current share price of $60.78.

Teradyne, Inc (TER) is also set to go ex-dividend tomorrow. The next dividend payment from TER will amount to $0.12 per share. May 22 has been designated as the record date for this dividend, with the actual payout scheduled for June 13. In the previous year, TER distributed a total of $0.48 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for TER stands at 0.59% based on the current stock price of $81.06.

Littelfuse, Inc (LFUS) will be paying out a dividend of $0.7 per share to shareholders holding their shares as of the close of the business hours on the record date of May 22. Over the past 12 months, LFUS has paid out a total of $2.75 per share in dividends. Based on the total dividends paid out last year, LFUS boasts an impressive trailing yield of 1.28% on the current share price of $214.75.

Crypto Market Highlights

• Bitcoin hit a record high of $109,400 following a temporary U.S.-China trade agreement that boosted investor confidence and eased macroeconomic concerns.

• Hong Kong passed the Stablecoin Bill, establishing a regulatory framework aimed at positioning the city as a global hub for digital assets and Web3 innovation. 

• Bitcoin Suisse received in-principle approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market, advancing its expansion beyond the EU.

• Crypto.com obtained a license to offer cryptocurrency financial derivatives across the European Economic Area, enhancing its service offerings.

• South Korea introduced stricter crypto regulations, including guidelines for nonprofit crypto sales and tighter listing standards, as it moves to admit institutional investors into its digital asset market.

Most Shorted Stocks

Hims & Hers Health Inc (HIMS) was one of the most shorted stocks as of the latest short interest figures, with 27.84% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 1.8. This represents a change of 1650000 shares, which corresponds to a +2.72% increase in short interest. The total value of the shares held short is estimated to be around $3.8 billion. The average daily volume stands at 37.98M shares, and the market capitalization of the company is $13.66B.

The Intellia Therapeutics Inc with the symbol NTLA currently has a short interest of 27.76%. The short interest has changed by 240000 shares. The days to cover ratio stands at 8.2. The estimated value of the shares held short is approximately $273.99 million. On an average day, 3.55M shares are traded, with the company's market capitalization totaling $987.15M.

For the stock Anavex Life Sciences Corporation (AVXL), the current short interest is at 27.51%. This represents a significant short interest change of -520000 shares, corresponding to a short interest percentage decrease of -2.17%. The days needed to cover the short positions amount to 23.3. The approximate worth of the shares held short is $181.11 million.

With the symbol MPW, the stock currently has a short interest of 33.26%. The short interest change is 1320000 shares, compared with a short interest percentage change of +0.80%. It would take approximately 15.4 days to cover all the short positions. The shares' short value is estimated to be around $112.28 million. The company boasts an average daily volume of 11.04M shares, contributing to a market capitalization of $2.87B.

The stock RUN has a current short interest of 27.13%. The short interest percentage has experienced an increase of +4.54% while there was a change of 2690000 shares in short interest. The ratio indicating the time required to cover short positions is 5.2. The calculated worth of the shorted shares amounts to around $1.84 billion. Trading activity averages at 13.77M shares per day, while the company's market capitalization stands at $2.53B.

AI Stocks to Watch

According to our ST Score evaluation, Twilio Inc (TWLO) emerges as a high-quality stock in the AI industry, attaining an impressive score of 64. The stock's profitability, performance, financial strength, and Piotroski Score are strong. However, its growth is weak. Additionally, it is neutral in terms of stock sentiment, and forecast.

Our ST Score also classifies Palantir Technologies Inc (PLTR) as a high-quality AI stock today, presenting a Score of 63. The stock has strong fundamentals in terms of profitability, performance, financial strength, and Piotroski Score. The growth, stock sentiment, and forecast are neutral.

Another stock in the category, Zoom Communications Inc (ZM) has the ST Score of 60, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, financial strength, and Piotroski Score. Growth, stock sentiment, and forecast suggest a neutral outlook.

Meta Platforms Inc (META) stock has the ST Score of 58 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, financial strength, and Piotroski Score, but its weaknesses lie in its growth. However, it shows neutral outlook in stock sentiment, and forecast.

Seagate Technology Holdings Plc (STX) currently has the ST Score of 58, which signifies a huge upward potential. The AI stock's strong points are its profitability, performance, and Piotroski Score. The stock's growth, financial strength, stock sentiment, and forecast indicate a neutral outlook.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

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