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Marvell Stock Jumps 7.5% to $238.72, Adding $14.6B in Value Ahead of Earnings
Marvell Technology shares surged 7.5% to $238.72, adding $14.6 billion in market value ahead of its earnings report, driven by AI networking demand.
Bloom Energy Shares Jump 5% on Nebius AI Power Deal
Bloom Energy (BE) rose 5.1% to $241.72 on Monday as investors weighed a 328 MW Nebius deal against a rich valuation of 16.7x sales. Q2 revenue surged 165.5%.
Keel Infrastructure Stock Plunges 11% as Lease Uncertainties Weigh on Valuation
Keel Infrastructure (KEEL) shares fell 11.3% to $5.26 early Monday, with 49.1M shares traded, as ongoing lease negotiations and valuation concerns overshadowed strong liquidity.
AEP Dips as Oklahoma Deal Trims Rate Hike Request by 75.6%
AEP shares edged lower as a partial settlement in Oklahoma cuts PSO's rate request by 75.6% to $73 million, with return on equity reduced to 9.375%.
Rheinmetall Rallies on NATO Drone Interception, Air Defense Backlog Swells
Rheinmetall (RHM) rose 1.7% after a NATO jet shot down a drone over Romania, underscoring demand for air-defense systems. The company's backlog stands at €3.1B.
Nokia ADRs Slide 7.5% as AI Order Surge Sparks Profit-Taking
Nokia ADRs dropped 7.5% on Monday despite strong AI/cloud order momentum, as investors took profits after a recent optical-networking surge.
L3Harris CEO Ousted After Probe; Shares Slide 3%
L3Harris shares dropped 3% after the board ousted CEO Christopher Kubasik over conduct issues. Sam Mehta, who led segments generating 83.5% of revenue, takes over immediately.
Micron Surges 3.5% as US Policy Shift Bolsters AI Memory Demand
Micron shares jumped 3.5% premarket after US policy curbs Apple's China memory chip purchases, easing price pressure and highlighting strong AI-driven demand.
Alibaba Sells Gaming Unit for $2B to Boost AI War Chest
Alibaba divests Lingxi Games for over $2 billion, covering 80% of its latest quarterly cash deficit, as it doubles down on AI and cloud investments.