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Opendoor Gains 1.6% as Inventory Swells to $1.85B Amid Rate Uncertainty
Opendoor (NASDAQ:OPEN) gained 1.6% to $3.09 as its $1.85 billion inventory underscores interest-rate exposure. Q2 purchases surged 149% while sales fell 46%.
Air Canada Shares Dip Below Buyback Floor as Jazz Crews Vote on Strike
Air Canada shares slipped below its buyback threshold as Jazz Aviation flight attendants vote on a strike mandate, threatening regional operations.
CNH Surges 9% on Upgrade, Farm Rebound Seen by 2027
CNH Industrial shares surged 9.2% after Evercore ISI upgraded the stock and raised its price target to $18, citing an anticipated farm equipment rebound by 2027.
IREN Climbs 7.6% as $3B AI Contract Revenue Awaits Activation
IREN shares jumped 7.6% to $39.60, recovering most of last week's post-results slide, but $3 billion of contracted AI ARR remains unactivated, keeping valuation stretched.
Corporate Travel Management Shares Plunge 81% as Interest Costs Devour FY26 Profit
Corporate Travel Management shares plummet 81% after A$20 million interest bill erases FY26 profit, despite a 36% rise in underlying EBITDA.
Anthropic's $175B Cloud Push Intensifies IPO Speculation
Anthropic's cloud commitments reach $175B with a new $35B Lambda deal, intensifying IPO speculation as the company cuts token prices by 25%.
Dell Stock Soars 15.8% on Raised Profit Forecast, AI Server Demand Drives Rally
Dell Technologies (DELL) surged 15.8% to $492.20 after boosting its fiscal 2027 adjusted EPS outlook by 42.5% to $25.50, driven by AI server demand and a $95 billion backlog.
Ultragenyx Plunges 44% as Angelman Gene Therapy Fails Phase 3 Trial
Ultragenyx's stock plummeted 44% after its Phase 3 apazunersen trial failed, wiping out $1.14 billion in market cap. The company now faces major cost cuts.
NIO Shares Slide 4.9% as Q3 Forecast Caps Margin Optimism
NIO shares dropped 4.9% as its Q3 delivery forecast pointed to minimal sequential growth, raising margin concerns. The stock closed at $3.86 after touching a 52-week low.
Snowflake Stock Soars 22% on AI Growth, Adding $24B in Value
Snowflake shares surged 22% after the company reported accelerating revenue growth and raised its full-year outlook, adding roughly $24 billion in market value.