Articles by Daniel Marsh
Wall Street Selloff Halts S&P 500's Nine-Week Rally; AI Stocks Tumble, SpaceX IPO Looms
The S&P 500 snapped its nine-week winning streak Friday as tech stocks plunged 5.8%, wiping out $1.3 trillion in chipmaker value. Markets now eye May inflation data and SpaceX's IPO.
Archer Aviation Plunges 13% as Rate Worries Weigh on Pre-Revenue Stocks
Archer Aviation fell 13.2% on Friday as a strong jobs report fueled rate hike fears, hitting pre-revenue stocks. The company faces key tests with inflation data and FAA certification.
Redwire Stock Tumbles 25% as Space Sector Selloff Overpowers Strawberry Contract Win
Redwire Corp (RDW) shares plunged 25% this week to $18.45 after Jefferies downgraded the stock to Hold, citing limited near-term upside. A space-agriculture contract win failed to offset a broad selloff in speculative space stocks.
Ondas Shares Slide 13% on Dilution Fears Despite Navy Deal and $110M in Orders
Ondas shares dropped 12.9% Friday after a Navy balloon contract and strong orders were offset by dilution fears from a share resale filing and ongoing losses.
Tesla Slumps Despite JPMorgan Upgrade as Tech Selloff Weighs
Tesla fell 6.56% to $391.00 Friday, as a tech selloff and rate fears offset JPMorgan's upgrade to neutral and $475 target. The stock faces headwinds from macro pressures and SpaceX IPO distraction.
SoFi Shares Slide 12% as Rate Fears Overshadow New Product Launches
SoFi stock dropped 12% to $16.03 as a hot jobs report reignited rate worries, eclipsing the AI Coach launch and stablecoin push. Focus now shifts to Wednesday's CPI data and the June 17 annual meeting.
Plug Power Shares Tumble 10.7% Ahead of Key Shareholder Vote on Dilution Risk
Plug Power shares plunged 10.7% Friday to $3.215, now 18.6% below May 29, ahead of a June 11 vote on adding 25 million shares that could dilute investors. A $39.2M tax credit sale provides some cash relief amid sector selloffs.
Keel Infrastructure Plunges 13% After Raising $400M in Convertible Notes for AI Pivot
Keel Infrastructure shares tumbled 13.49% to $5.13 after the company raised $400 million in convertible notes to fund its shift from bitcoin mining to AI data centers, testing investor confidence.
Intel Stock Tumbles 11% on Rate Hike Fears and Chip Sector Selloff
Intel shares fell 11.4% to $99.17 on Friday as a strong jobs report sparked rate hike worries and chip stocks plunged. The company unveiled AI partnerships with Hitachi and Foxconn.