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Aurora Innovation Stock Dips 5.75% Ahead of Annual Meeting
Aurora Innovation shares closed at $7.71 on Friday, down 5.75%, but remain up 10% from last week. The company aims to deploy over 200 driverless trucks by year-end and holds its annual meeting on May 21.
Rivian's R2 Launch Faces Market Headwinds; Shares Dip 5%
Rivian (RIVN) shares dropped 5% on Friday as the R2 configurator launched, with Tesla matching pricing. Market headwinds and execution concerns weigh.
MARA Slips 6% as Bitcoin Miner's AI Transition Faces Key Trial
MARA shares dropped 6.4% to $12.44 after bondholders approved debt amendments for its Long Ridge Energy deal, a key step in its AI pivot. The miner reported a $1.26B Q1 net loss.
Cisco Hits All-Time High as AI Orders Surge, Job Cuts Announced
Cisco shares closed at $118.21 after a 22% weekly gain, fueled by strong earnings and a raised AI revenue outlook to $9 billion. The stock jumped 17% on Thursday.
AT&T Stock Declines 4.5% in Week Despite Spectrum and Satellite Deals
AT&T shares closed at $24.03 on Friday, down 4.5% for the week, amid a broader market decline. The company secured FCC approval for a $23 billion spectrum deal with EchoStar and joined a satellite joint venture.
Archer Aviation Faces Key Week After Stock Drop and New Share Filing
Archer Aviation shares dropped 5.6% Friday to $6.05 after a May 14 SEC filing registered 3.27M resale shares and up to $8M in new stock for vendors, expected around May 19. The company, with $1.78B cash and a Q1 net loss of $217.7M, appears at Deutsche Bank's auto conference Tuesday.
Grab Faces Critical Week as Oil, Yields, and Indonesia Risks Mount
Grab shares fell 4.57% last week to $3.55, as rising oil prices and bond yields pressured the stock. Q1 revenue beat estimates, but Indonesia regulatory risks and macro headwinds remain.
Micron's AI Momentum Faces Test After Volatile Week
Micron Technology shares closed down 6.6% on Friday at $724.66 after a volatile week, but the stock remains up nearly 154% for the year. The drop was part of a broader market selloff as Treasury yields rose.
IREN Stock Tumbles 9% After Closing $3B Convertible Note Deal for Nvidia AI Push
IREN shares dropped 9.35% to $52.94 Friday after closing a $3.0 billion convertible-note sale for its Nvidia AI infrastructure expansion, ending the week down 13.5%.