Articles by Daniel Marsh
Western Digital Plunges 11% as AI-Driven Rally in Storage Stocks Falters
Western Digital (WDC) sank 10.8% to $458.22, wiping out $19.2 billion in market cap, as the AI-storage trade cooled. The drop outpaced rivals Seagate and Micron.
Rocket Lab Shares Hit Deal Floor Despite Successful Neutron Engine Test
Rocket Lab shares dropped 11.2% to $67.63, briefly crossing the $67.50 lower collar of its Iridium deal, despite completing a full-duration Neutron engine test.
Oracle Stock Hits 52-Week Low as $638B AI Backlog Faces Funding Test
Oracle shares dropped 4.8% to a 52-week low amid concerns over its ability to finance a massive AI backlog without diluting shareholders.
Goldman Sachs Slips 3.6% as Trading Dominates Earnings, Raising Sustainability Concerns
Goldman Sachs shares dropped 3.6% as trading revenue accounted for 73% of year-over-year growth, sparking concerns about the sustainability of its strong quarterly results.
PayPal Stock Rises 2.4% on 72% Implied Odds of Stripe-Advent Buyout
PayPal shares rose 2.4% to $56.86 as traders see a 72% probability of a $60.50 takeover by Stripe and Advent International.
AtaiBeckley Soars on Lilly Deal; Market Weighs Milestone Value
AtaiBeckley shares surged 31% to $7.04 after Eli Lilly agreed to acquire the company for up to $9.25 per share, including contingent payments. The stock sits just $0.29 above the cash offer, reflecting cautious market expectations for milestones.
Nokia Shares Slide on AI-RAN Timeline Gap and Rising Component Costs
Nokia shares dropped 3.6% amid a timing mismatch between its AI-RAN commercial rollout in 2027 and rising chip costs flagged by Ericsson.
Micron Drops Despite Auto Deals as Most DRAM Volume Remains Uncovered
Micron shares fell 4.6% in premarket trading despite new auto deals, as only 20% of DRAM volume is under contract, leaving the core business exposed to market volatility.