Articles by Daniel Marsh
Sandisk Warns Investors Against Below-Market Mini-Tender Offer
Sandisk advises rejecting Tutanota's unsolicited $1,150 per share mini-tender, significantly below the $1,382.72 closing price, citing below-market value.
AI Orders, China Policy, and Drug Data Drive Friday's Market Action
Cisco cuts nearly 4,000 jobs and raises revenue forecast on $5.3B in AI orders. Nvidia shares sensitive to China policy as H200 shipments approved but not delivered. Cerebras IPO debuts at $350. Boeing falls on lower China jet pledge. Biogen advances Alzheimer's drug despite mixed trial.
Oil Price Surge Revives ECB Rate Hike Bets, European Stocks Slide
European stocks declined Friday as stalled US-Iran talks pushed oil prices higher, reigniting inflation fears and expectations for ECB rate hikes. The STOXX 600 fell 0.8%.
WHP Global Acquires Marc Jacobs from LVMH, G-III to Co-Own Brand
LVMH sells Marc Jacobs to WHP Global after 30 years; G-III Apparel Group co-owns and operates the brand. Marc Jacobs stays as creative director. Deal valued at ~$500 million.
NANO Nuclear Energy Gains After $569M Cash Update and KRONOS Reactor Progress
NANO Nuclear Energy shares rose 2% to $27.54 after reporting $568.7 million in cash and progress on its KRONOS microreactor, with a narrowed quarterly net loss of $9.18 million.
Rackspace Stock Soars 26% on AMD AI Deal, But Debt Clouds Outlook
Rackspace shares surged 26% to $7.29 on an AMD AI deal and Q1 profit, though a non-GAAP loss and $2.3B in debt temper optimism.
Datavault AI Shares Surge Ahead of Q1 Earnings Amid $60M Offering and Crypto Bill Progress
Datavault AI shares rose to $0.5861 on volume over 65 million ahead of Q1 earnings, after a $60M stock offering and GPU edge network plans. A crypto bill vote adds to the buzz.
Upstart CEO Paul Gu's $1.38M Share Purchase Sparks 9.5% Rally
Upstart (UPST) shares jumped 9.5% after CEO Paul Gu purchased $1.38 million in stock, signaling insider confidence despite a wider quarterly loss and plans to seek a national bank charter.
Dow Closes Above 50,000 as AI Rally Lifts S&P 500 and Nasdaq to New Highs
The Dow Jones reclaimed 50,000, while the S&P 500 and Nasdaq hit new records, driven by Cisco's AI infrastructure outlook and strong gains in Nvidia and Cerebras Systems.
