Articles by Daniel Marsh
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.
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.
Smart Powerr Stock Surges Nearly 300% Despite Nasdaq Delisting Risk
Smart Powerr Corp. shares surged nearly 300% on Thursday despite facing a Nasdaq delisting warning. The stock's rally highlights investor speculation amid the company's efforts to regain compliance.
Robinhood Shares Rally as April Data Signals Retail Resurgence
Robinhood shares jumped 5.3% after April data showed platform assets rose 12% to $345.4B and net deposits hit $6B, signaling renewed retail engagement.
GTA 6 Preorder Hype Lifts Take-Two Ahead of Earnings
Take-Two shares rose 6.5% on speculation that GTA 6 preorders may begin next week. The real test comes with earnings on May 21.
Mobix Labs Surges 86% on Plan to Acquire Rare Earth Firm Amid US-China Tensions
Mobix Labs shares jumped 86% after announcing a non-binding letter of intent to acquire Special Project Delivery LLC, a US rare earths firm, as defense sourcing rules tighten.
Lumen Technologies Rises 14% on Debt Refinancing and AI-Focused Fiber Expansion
Lumen shares jumped 14% on debt refinancing and a new AI-focused fiber route, as the company shifts from consumer telecom to enterprise infrastructure.
Citadel's Hong Kong Quant Shakeup Spurs Rival Firms to Reassess Data and Talent Hubs
Citadel shifts quant researchers from Hong Kong to Singapore or Miami after a relocate-or-leave ultimatum, sparking industry debate over data security and talent strategy.
Cisco Surge Drives Dow Toward 50,000 as AI Stocks Rally
The Dow Jones Industrial Average climbed 198 points to 49,891, nearing 50,000, as Cisco surged 17% on AI demand and a revenue forecast hike. The S&P 500 and Nasdaq hit intraday records, boosted by Nvidia and other AI stocks.
Wall Street Hits New Highs as AI Optimism Overrides Inflation Data
The S&P 500 and Nasdaq hit new intraday highs on Thursday, led by Nvidia and Cisco, despite April retail sales rising 0.5% and jobless claims increasing to 211,000.
IREN Shares Surge After $2.6B Convertible Debt Sale Backs Nvidia AI Push
IREN shares climbed 4.7% to $57.75 after pricing $2.6B in convertible notes, supporting its AI cloud expansion via a Nvidia partnership. JPMorgan raised its price target to $46 but kept an Underweight rating.