Articles by James Calloway
ImmunityBio Plunges 21% on FDA Warning Over Anktiva Marketing
ImmunityBio shares tumbled 21.1% following an FDA warning letter alleging false or misleading promotional claims about its cancer therapy Anktiva. The drug generated essentially all of the company's $113 million in 2025 revenue.
GameStop's $9 Billion Cash Hoard Overshadows Q4 Sales Decline
GameStop reported a 14% drop in fourth-quarter revenue to $1.104 billion, though net income remained steady at $127.9 million. The company's cash reserves surged to $9.0 billion, nearly matching its market capitalization and intensifying speculation about future acquisitions or capital allocation.
Snap Shares Plunge to 52-Week Low Amid Ad Market Uncertainty
Snap Inc. shares tumbled to a 52-week low of $4.37, down over 54% in the past year, despite reporting a 10% revenue increase. First-quarter guidance fell short of analyst expectations.
Microsoft's AI Spending Splits Investors as Shares Slide 21% from Peak
Microsoft shares declined 2.5% to $373.61, now down 21% from January peaks. Investors are divided following quarterly results showing strong revenue and profit growth alongside surging capital expenditures and narrowing cloud margins.
Ondas Shares Gain on Record Revenue, $150M World View Acquisition
Ondas Holdings saw its stock price advance after posting a record quarterly revenue of $30.1 million and announcing a $150 million deal to acquire high-altitude balloon specialist World View Enterprises. The company also significantly raised its 2026 sales target.
Ondas Soars on Raised 2026 Outlook and $150M World View Acquisition
Ondas Holdings shares advanced following a significant increase to its 2026 revenue target and a major acquisition aimed at expanding its defense-focused autonomous systems platform.
Meta's AI Spending Spree Tests Investor Patience Despite Robust Ad Growth
Meta Platforms shares recovered early losses Monday as the market weighs the company's aggressive AI capital expenditure plans against continued strength in its core advertising business. Fourth-quarter revenue jumped 24% to $59.89 billion, but costs surged 40%, compressing operating margins.
Super Micro Plunges on Export Scandal, Analysts Downgrade
Super Micro Computer shares continued their steep decline Monday following a federal indictment alleging $2.5 billion in illegal AI server shipments to China. Analysts have downgraded the stock and warn of potential customer defections.
Ondas Posts Q4 Loss on Warrant Charge, Lifts 2026 Revenue Target to $375M
Ondas Inc. swung to a $101 million fourth-quarter net loss after an $82.2 million non-cash warrant charge, reversing an earlier profit signal. The company sharply raised its 2026 revenue target to at least $375 million.
Ondas Shares Slide on Accounting-Driven Profit Revision
Ondas Holdings shares declined 6.4% following a revised financial outlook that attributed a $102 million profit boost to an accounting adjustment rather than operational improvement. The company maintained its revenue guidance.
Postal Service Faces Cash Crunch, Warns of Delivery Halt Without Congressional Action
The U.S. Postal Service has alerted Congress it could run out of operating funds by November 2026 without legislative intervention, following a $9 billion annual loss. Postmaster General David Steiner stated 71% of delivery routes are unprofitable.
Musk Found Liable for Misleading Statements in Twitter Buyout Saga
Elon Musk was found liable for misleading Twitter investors with public statements during the 2022 takeover battle. The jury rejected claims of an intentional fraud scheme, but damages could reach billions.