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Coherent Stock Drops 8% as AI Optics Expansion Strains Cash Flow
Coherent's stock dropped 8% post-earnings even with record revenue, as a massive capex push for AI optics caused operating cash flow to tumble 87% to $79.5M.
AMD's $5B Bond Plan: Debt to More Than Double
AMD shares ticked up premarket after announcing a $4-$5 billion bond offering that could more than double its gross debt. The company's strong liquidity and Q2 revenue surge support the move.
Tapestry Stock Tumbles 16% as Coach Dominates Revenue Mix
Tapestry shares dropped 16% after Q4 results showed Coach driving 87% of revenue, with Kate Spade sales declining 7%. Fiscal 2027 guidance was in line with estimates.
Boeing Shares Slip as Ryanair Probe Reveals Bird Strike Evidence
Boeing (BA) shares dipped 0.4% after investigators found bird debris and broken fan blades in a Ryanair 737 engine, highlighting a $2 billion market value shortfall versus the broader market.
Z.ai Shares Drop 3.6% as GLM-5.3 Launch Fails to Halt Valuation Slide
Z.ai shares fell 3.6% to HK$1,270 despite GLM-5.3 launch, as market cap drops HK$479B from June peak. Developer adoption and revenue now key.
Accelerant Surges 44% on Thoma Bravo's $20.25 Buyout Offer
Accelerant (ARX) surged 44% after Thoma Bravo announced a $20.25 per share cash acquisition, leaving a 4% spread. The deal is expected to close in the first half of 2027.
Global Markets Wary as Iran Tensions Persist; European Stocks Flat
European shares were little changed on Friday as investors remained cautious over unresolved U.S.-Iran tensions, while Salesforce rallied on a bullish JPMorgan note and GB Group tumbled on a revenue warning.
Disney Stock Gains 1.5% as ESPN Cuts Talent, but Rights Costs Surge
Disney shares rose 1.5% after ESPN layoffs, but sports operating income fell 17% as programming costs jumped $288 million. Analysts remain bullish on DIS stock.
