Articles by Daniel Marsh
Hyperscale Data Soars on AI Data Center Deal Talks
Hyperscale Data shares surged 75.7% on news of advanced negotiations for a Michigan AI data center services deal potentially worth over $1 billion over 20 years.
Opendoor Rises on Russell 3000 Inclusion, But Risks Linger
Opendoor shares jumped 3.8% to $4.61 as investors eye Russell 3000 inclusion after June 26, but the stock remains risky amid ongoing losses and mixed analyst targets.
AmEx to Acquire TheFork from TripAdvisor for $700M, Expanding Dining Network
American Express will acquire TheFork from TripAdvisor for $700 million in cash, expanding its dining network to 75,000 bookable venues and allowing TripAdvisor to focus on its Experiences segment.
Nu Holdings Rises Despite Citi Downgrade; Focus on Q2 Credit Trends
Nu Holdings shares rose 1.7% to $12.40 despite a Citi downgrade to Neutral, as investors focus on upcoming Q2 earnings and credit trends.
Fox Shares Tumble on $22B Roku Acquisition, Debt and Dilution Concerns
Fox shares plunged Monday after the company unveiled a $22 billion cash-and-stock acquisition of Roku, sparking investor concerns over added debt and share dilution.
Grab Rallies on Nasdaq Surge, Eyes August Guidance After Superbank Merger
Grab shares jumped nearly 7% on broad market strength, with no company-specific news. The next catalyst is August's guidance update following the Superbank consolidation.
Bezos Proposes Zero Federal Income Tax for Half of US Earners
Jeff Bezos has reignited debate by proposing zero federal income tax for the bottom half of U.S. earners, a move analysts say would most benefit middle-income households. Democratic legislation would cost $1.6 trillion over 10 years, funded by a surtax on high earners.
Pattern Group Shares Drop 11% on Large Secondary Sale by Pre-IPO Holder
Pattern Group shares dropped 11% after a pre-IPO holder tied to Knox Lane launched a secondary offering of 8 million Series A shares, with an option for 1.2 million more.
Accenture Downgraded by Morgan Stanley on AI Spending Concerns
Morgan Stanley downgraded Accenture to Equal Weight, cutting its price target to $177 from $240, citing weak IT services budget growth and AI spending pressure. Shares fell 0.8% to $169.