Latest Stock Market News — Page 394

Markets Jul 19 Daniel Marsh

Pfizer Gains 3.6% as Dividend Yield Attracts Income Investors

Pfizer (PFE) shares climbed 3.6% as its 6.9% dividend yield attracted income-focused investors, despite unchanged analyst estimates and a slight earnings forecast cut.

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Markets Jul 19 Daniel Marsh

Micron Shares Slide 13% as AI Spending Doubts Weigh on Chip Sector

Micron Technology (MU) shares dropped 13.3% over the past week as investors focus on AI spending prospects, despite new automotive supply agreements.

MU GOOGL INTC QCOM

Markets Jul 19 Daniel Marsh

Joby Aviation Drops 6% Amid CEO Stock Sale and Sector Weakness

Joby Aviation shares fell 6% as CEO JoeBen Bevirt sold 596,666 shares, accounting for less than 1% of the week's market value decline. Broader sector pressure also weighed on Archer and Vertical Aerospace.

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Markets Jul 19 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

Technology Jul 19 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

Markets Jul 19 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

Markets Jul 19 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

Markets Jul 19 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

Crypto Jul 19 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

Earnings Jul 19 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.

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Markets Jul 19 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

Crypto Jul 19 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

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