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Palantir Gains on Pentagon AI Shake-Up, Maven Contracts in Focus
Palantir shares climbed 4% to $153.19 in extended trading following a Pentagon directive to remove Anthropic's AI from defense platforms, affecting key Maven contracts. Federal agencies are shifting to OpenAI and Google alternatives.
SanDisk Shares Rebound 6% Following Tech Sector Sell-Off
SanDisk shares climbed nearly 6% on Wednesday, recouping some of the previous day's steep losses. The rebound coincided with a broader stabilization in technology and memory-chip stocks.
Tesla Shares Surge on Bank of America Upgrade Amid Mixed European Signals
Tesla shares gained 3.4% to $406.10 following a bullish upgrade from Bank of America, despite a 45% drop in UK February sales and uncertainty around European automakers joining its 2026 emissions credit pool.
Nvidia's Huang Signals Final AI Bets as OpenAI, Anthropic Eye Public Listings
Nvidia's CEO stated the chipmaker's major investments in OpenAI and Anthropic are probably its final stakes before the AI startups go public. The move comes as both companies face contrasting government pressures.
Chevron Shares Retreat Despite Soaring Oil Prices, Hormuz Blockade Sparks Supply Fears
Chevron shares declined alongside the broader energy sector, even as crude prices held near multi-month highs due to a critical shipping chokepoint remaining closed. Major banks have increased their oil price projections.
Lam Research CFO Forecasts $135B Chip Equipment Boom by 2026, Cites AI and Packaging Demand
Lam Research's CFO anticipates wafer-fab equipment spending could reach $135 billion in 2026, up from $110 billion in 2025, fueled by AI and advanced packaging demand, though cleanroom limitations pose a challenge.
Applied Optoelectronics Gains on Insider Sale Plan, Sets $250M ATM Offering
Applied Optoelectronics shares advanced 2.9% to $98.07 after a director disclosed plans to sell up to 102,347 shares. The company also established a $250 million at-the-market stock offering program.
Mondelez Appoints Danone Veteran to Lead Africa Push Amid Volume Pressures
Mondelez International has appointed Hisham Ezz El-Arab, a former Danone executive, to lead its Sub-Saharan Africa operations. The move comes as the snack giant's Oreo brand surpasses $4 billion in global annual revenue while the company faces volume declines.
Caterpillar Gains as Dow Stabilizes; CONEXPO Tech and Jobs Data in Focus
Caterpillar shares advanced 1.6% to $733.99, providing a key lift to the Dow Jones Industrial Average. The industrial giant highlighted innovation at the CONEXPO trade show while warning of a significant global technician shortage.
Applied Materials Recovers as Chipmakers Demand Timely Tool Deliveries
Applied Materials shares recovered 1.9% Wednesday, partially offsetting a 5.6% decline from the prior session. A company executive noted chipmakers are pressing for on-schedule equipment deliveries amid strong demand.
