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EchoStar Surges on FCC Spectrum Sale Approval, SpaceX Proxy Status Grows
EchoStar shares jumped after FCC approval of $40B spectrum sales to AT&T and SpaceX, with a $2.4B escrow condition. Q1 revenue dipped to $3.67B as subscriber losses continued.
Eos Energy Surges on Cerberus Deal, Q1 Revenue Beat
Eos Energy shares surged over 30% premarket after Q1 revenue jumped 445% to $57 million and the company unveiled a Cerberus-backed venture with a 2 GWh capacity reservation.
Red Cat's $225 Million Stock Sale Triggers 12% Drop, Dilution Worries Outweigh Drone Demand
Red Cat's $225M stock offering at a discount to market price sent shares down 12% as dilution concerns overshadowed strong Q1 revenue growth and a bullish defense drone outlook.
Tesla Retreats as China FSD Hopes, Robotaxi Woes, and Inflation Weigh
Tesla shares dropped 2.6% on Tuesday, ending a four-day rally, as China regulatory risks, robotaxi rollout delays, and persistent U.S. inflation weighed on investor sentiment.
Crude Edges Down as Market Weighs Hormuz Risks Against Demand Concerns
Brent crude fell 0.2% to $107.58 and WTI dropped 0.4% to $101.79 after a three-day rally, as traders weighed Middle East ceasefire talks and the Trump-Xi meeting.
Micron Rebounds on AI Demand, China Trade Hopes, and BofA Upgrade
Micron Technology shares rose 5.93% premarket to $812.06 after BofA raised its price target to $950, citing AI-driven memory demand and the CEO joining Trump's China trade delegation.
IREN's $2.6B Convertible Note Sale Puts Nvidia AI Pivot to the Test
IREN upsized its convertible-note offering to $2.6 billion after announcing an AI infrastructure plan with Nvidia. The deal includes a five-year option for Nvidia to buy up to 30 million IREN shares at $70 each.
Space Force Contract Win Propels Intuitive Machines Shares Higher Ahead of Earnings
Intuitive Machines shares jumped 8.35% in premarket trading after securing a spot on the U.S. Space Force's Andromeda contract, with a raised ceiling of over $6.2 billion, ahead of Thursday's earnings report.
Record Orders Propel NKT Shares to All-Time High
NKT shares surged 6.45% to a new record after posting strong Q1 earnings and a massive order intake, lifting its Transmission backlog to €13.5 billion.
Alibaba's AI Spending Faces Profitability Test Ahead of Earnings
Alibaba's ADRs edge up in premarket as investors await fiscal Q4 results. Revenue expected to rise to 282.44B yuan, but net profit projected to fall to 11.71B yuan.