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TeraWulf Drops 17% as $19B Anthropic Deal Fails to Offset Financing Fears
Markets Daniel Marsh

TeraWulf Drops 17% as $19B Anthropic Deal Fails to Offset Financing Fears

TeraWulf shares fell 17.3% to $18.16, below its April offering price, despite a $19B Anthropic lease. Financing and regulatory risks overshadow the deal.

WULF IREN CRWV CORZ
AMD Faces AI Event Test After $101 Billion Market Cap Wipeout
Technology Sarah Chen

AMD Faces AI Event Test After $101 Billion Market Cap Wipeout

AMD enters its AI event week after losing an estimated $101 billion in market cap. The stock fell 11.1% last week, setting the stage for key announcements on July 22-23.

AMD INTC QQQ SOXX SMH
QXO Falls 6.6% as Housing Weakness and Share Dilution Weigh
Markets Daniel Marsh

QXO Falls 6.6% as Housing Weakness and Share Dilution Weigh

QXO closed at $14.40 on Friday, down 6.6%, as weak housing data and a 30% increase in shares from the TopBuild acquisition weighed on the stock.

QXO BLDR FERG SPY
SanDisk Plunges 29% in Week; Forward Earnings Hurdle Remains High
Markets Daniel Marsh

SanDisk Plunges 29% in Week; Forward Earnings Hurdle Remains High

SanDisk shares fell 29% in a week, wiping out $88 billion in market cap. The stock now trades at 6.4 times forward earnings, implying a steep earnings hurdle.

SNDK WDC MU GOOGL INTC
SMCI Shares Slump 12% Below June Offer as Funding Doubts Linger
Markets Daniel Marsh

SMCI Shares Slump 12% Below June Offer as Funding Doubts Linger

Super Micro Computer (SMCI) shares closed at $24.18, down 12.1% from the June offering price, as investors question the company's funding strategy for $39 billion in advanced AI-server orders.

SMCI DELL HPE GOOGL INTC TXN
Fidelity to Close Two Income ETFs as Crypto Inflows Surge Led by Ether
Crypto Sarah Chen

Fidelity to Close Two Income ETFs as Crypto Inflows Surge Led by Ether

Fidelity Canada will close two small income ETFs after Friday's close, as US spot crypto ETFs attracted US$181M in weekly inflows, led by ether.

IBIT
Iovance Biotherapeutics Shares Surge 18% as Amtagvi Sales Targets Come into Focus
Earnings James Calloway

Iovance Biotherapeutics Shares Surge 18% as Amtagvi Sales Targets Come into Focus

Iovance Biotherapeutics (IOVA) shares climbed 18.2% last week as investors eye the ambitious sales targets for its cancer therapy Amtagvi.

IOVA XBI
IREN Stock Plunges 18% as Uncontracted AI Revenue Gap Widens
Markets Daniel Marsh

IREN Stock Plunges 18% as Uncontracted AI Revenue Gap Widens

IREN stock dropped 18% as 41% of its AI revenue target remains without contracts, highlighting a $1.8 billion execution gap.

IREN MSFT NVDA GOOGL CRWV APLD NBIS
Ether ETF Inflows Surge to 58% as Crypto Fund Flows Slow
Crypto Sarah Chen

Ether ETF Inflows Surge to 58% as Crypto Fund Flows Slow

U.S. crypto ETFs attracted $181M in the week to July 17, with Ether funds accounting for 58% of inflows, up from 30% the prior week, signaling a rotation.

BLK IBIT
Buffett's $139B Share Transfer Plan Puts Focus on Abel's Role
Markets Daniel Marsh

Buffett's $139B Share Transfer Plan Puts Focus on Abel's Role

Warren Buffett's plan to transfer $139 billion in Berkshire shares by 2034 raises questions about Greg Abel's leadership and governance at Berkshire Hathaway.

BRK.B GOOGL GOOG
SpaceX Needs $1.33 Trillion Rebound to Hit $225 Target
Markets Daniel Marsh

SpaceX Needs $1.33 Trillion Rebound to Hit $225 Target

SpaceX (NASDAQ:SPCX) needs to regain $1.33 trillion in equity value to hit the $225 median target, requiring an 81.5% recovery from Friday's close of $123.99.

MSFT META
IBM's Worst Week in History Sparks Doubts on Software Strategy
Earnings James Calloway

IBM's Worst Week in History Sparks Doubts on Software Strategy

IBM shares plummeted 26% in their worst week ever, erasing $69B in market cap after preliminary Q2 results missed revenue and earnings estimates.

IBM