Dell Technologies posted 88% year-over-year revenue growth and a 757% surge in AI server sales for the quarter ended May 1, sending shares up as much as 39% in extended trading and prompting the company to raise its full-year AI revenue forecast to $60 billion.

Sixty percent of family offices plan their largest portfolio changes in five years, with non-U.S. wealth managers trimming dollar-denominated holdings and shifting capital to emerging markets, Europe, and other regions, according to the UBS Global Family Office Report.

The Commodity Futures Trading Commission sued Rhode Island on Thursday over the state's legal action against prediction market platforms Kalshi and Polymarket, making it the seventh state targeted by the federal agency in the ongoing regulatory dispute.

The CFTC has asked a New York federal court to vacate a January 2025 consent order against Gemini Trust, including an injunction tied to a $5 million penalty, drawing criticism from a former agency chair who called the move "very unusual."

Snowflake posted first-quarter adjusted earnings of 39 cents per share on revenue of $1.39 billion, both above analyst estimates, and announced a five-year, $6 billion commitment to Amazon Web Services that includes AI chips.