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Nu Holdings Slips on BofA Downgrade Amid CFO Departure and Brazil Credit Concerns
Nu Holdings dropped 6.3% after BofA downgraded the stock to Underperform, citing CFO Guilherme Lago's departure and rising credit risks in Brazil. New CFO Rob Livingston will take over on July 13.
AI Memory Boom Drives DRAM ETF to $13.4 Billion in First Two Months
Roundhill Memory ETF (DRAM) saw $553.7 million in new inflows on May 29, pushing assets to $13.36 billion, as investors pile into AI-memory exposure. The fund focuses on high-bandwidth memory, DRAM, and NAND stocks.
IBM Shares Cool After Quantum, Barclays, and Retail Rally
IBM shares eased 0.4% to $319.10 after hitting a high of $327.22, as investors weighed a $10B quantum computing plan, a Barclays upgrade, and a $1B CHIPS-funded foundry. Retail trading spiked but risks persist.
SoFi Shares Dip 3.6% on AI Coach Launch, Platform Expansion Push
SoFi shares fell 3.6% to $17.91 after launching SoFi Coach, an AI money management tool for SoFi Plus members, as the company pushes to expand beyond lending into a full-service finance platform.
POET Technologies Rebounds on AI Optics Demand and $400M Financing
POET Technologies shares surged 10% to $15.24 as traders returned to the AI-hardware stock after a 17.1% drop, boosted by a $400M financing and a $50M Lumilens deal potentially worth $500M.
Hims Completes $1.15B Eucalyptus Acquisition, Shares Dip Slightly
Hims & Hers shares fell 0.9% after completing the $1.15 billion Eucalyptus acquisition, gaining 850,000 customers and international reach, but facing execution risks and U.S. weight-loss drug plan shifts.