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KOSPI Drops 2.18% as Samsung, SK Hynix Lead Tech Selloff
KOSPI fell 2.18% as Samsung and SK Hynix dropped over 3%, pulling the tech-heavy index below 7,000. Rising U.S. yields and oil prices pressure Seoul's semiconductor leaders.
CoreWeave's $104B Backlog Fails to Cushion 6% Stock Drop
CoreWeave stock dropped 6.1% to $89.12, erasing recent gains. The $104B backlog hasn't provided support as investors focus on massive capital spending and debt.
Micron Slips 4.9% as Investors Eye $50B Q4 Guidance
Micron (MU) dropped 4.9% to $977.41 as investors brace for a demanding Q4 earnings test, with $50B revenue and 86% gross margin guidance at stake.
ASX 200 Slips 1.2% as Miners Weigh; ASX Ltd Defies Decline
The ASX 200 dropped 1.21% to 8,712.9, driven by heavy mining losses, while ASX Ltd fell only 0.9% as trading volumes surged on volatility.
UiPath Rally: Survey Hype vs. Revenue Reality
UiPath shares ticked up 2.2% on Thursday, but a new survey's 89% ROI figure hasn't translated into revenue growth. The company faces a critical test at its September 22 Investor Day.
Snap's New Ad Chief Faces North America Test After European Win
Snap shares gained 4% after appointing Ronan Harris as chief commercial officer. Investors are watching whether his European success can translate to North America.
Chip Selloff Drags Nikkei 2.8%: Four Stocks Account for Most of the Drop
Japan's Nikkei 225 dropped 2.8% on Friday, led by a 5.8% plunge in semiconductor stocks. Four heavyweight names accounted for about two-thirds of the index's decline.
Kenvue Merger Spread Narrows to 0.6%: What's Left for Investors?
Kenvue stock closed at $17.79, leaving only a 0.6% spread over the implied merger value. Investors weigh the thin cushion against regulatory timing and KMB exposure.
Cipher Mining Stock Slides 5.7% as Investors Weigh 2.5 GW Power Ambition vs. Revenue Reality
Cipher Mining's stock dropped 5.7% as investors question whether its 2.5 GW power plan can translate into near-term revenue. The company's future hinges on executing its hyperscale data center strategy.
Reddit Stock Surges 6% on Strong August Traffic, But Logged-In Growth Remains Key
Reddit stock jumped 6.1% on fresh August traffic data, but the key metric remains U.S. logged-in user growth, which was nearly flat in Q2.
SurgePays Stock Drops 4.6% Despite $27.5M Asset Sale—Here's Why
SurgePays (SURG) shares fell 4.6% despite a $27.5M asset sale, as the payment was in convertible preferred shares, not cash, leaving investors wary of the actual liquidity.
Bet365's D.C. Debut Signals Rising Sportsbook Competition
Bet365's entry into D.C.'s $64M sports betting market raises competitive stakes for Flutter and DraftKings, though near-term earnings impact remains limited.