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Sandisk Surges $33.5B in Market Cap; August Events to Test Rally's Staying Power
Markets Daniel Marsh

Sandisk Surges $33.5B in Market Cap; August Events to Test Rally's Staying Power

Sandisk surged 12.4% on Thursday, gaining $33.5B in market cap. August earnings and Investor Day will test if AI-driven NAND demand can sustain the rally.

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Ionis Plunges 23% After Wainua Misses Key Goal in Heart Disease Trial
Markets Daniel Marsh

Ionis Plunges 23% After Wainua Misses Key Goal in Heart Disease Trial

Ionis stock tumbled 23% after Wainua missed its primary endpoint in a major heart disease trial, erasing $3.2 billion in market value. The setback shifts attention to the company's TRYNGOLZA launch.

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USPS Forever Stamp Price Hits 82 Cents; Volume Decline Pressures Mail Stocks
Markets Daniel Marsh

USPS Forever Stamp Price Hits 82 Cents; Volume Decline Pressures Mail Stocks

The USPS will increase the Forever stamp price to 82 cents on July 12, part of broader rate hikes aimed at offsetting declining mail volumes. The move raises risks for mail-exposed stocks like Pitney Bowes, UPS, and FedEx.

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SoFi Shares Surge on Goldman Sachs Upgrade and New ETF Launch
Markets Daniel Marsh

SoFi Shares Surge on Goldman Sachs Upgrade and New ETF Launch

SoFi Technologies gained 4.3% as Goldman Sachs hiked its target to $21 and the fintech firm rolled out a new covered-call ETF. Year-to-date losses remain near 30%.

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Rivian Completes $1.32B Stock Sale, Shares Rebound 8.9%
Markets Daniel Marsh

Rivian Completes $1.32B Stock Sale, Shares Rebound 8.9%

Rivian shares climbed 8.9% after underwriters took full option on its stock sale, raising $1.32B. The EV maker now faces a key test: doubling H1 deliveries to meet its 2026 target.

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Julong Stock Surges 104% on Massive Volume, Volatility Pause Triggered
Markets Daniel Marsh

Julong Stock Surges 104% on Massive Volume, Volatility Pause Triggered

Julong Holding shares surged 104.3% to $6.25 on volume of 50 million shares, 192 times its 65-day average, triggering a market volatility pause.

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Rackspace Stock Plunges on Guidance Cut and New Equity Plan
Markets Daniel Marsh

Rackspace Stock Plunges on Guidance Cut and New Equity Plan

Rackspace shares tumbled 29% as the company slashed its 2026 revenue forecast by $150 million and unveiled a $250 million stock sale plan, overshadowing its AI ambitions.

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Wrap Technologies Surges 50% on ATF Ruling and Drone Defense News
Markets Daniel Marsh

Wrap Technologies Surges 50% on ATF Ruling and Drone Defense News

Wrap Technologies stock surged 50% after the ATF ruled its BolaWrap 150 is not a firearm, potentially shortening sales cycles. The company also announced a counter-drone system.

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Nokia surges 9.6%, adds €5.6B in market cap on AI defense deal
Markets Daniel Marsh

Nokia surges 9.6%, adds €5.6B in market cap on AI defense deal

Nokia shares surged 9.64% in Helsinki, adding €5.6B in market cap, fueled by investor optimism around its AI-networking strategy and a new defense collaboration.

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Ondas Shares Surge on $876M Drone Acquisition and Revenue Forecast Boost
Markets Daniel Marsh

Ondas Shares Surge on $876M Drone Acquisition and Revenue Forecast Boost

Ondas shares climbed 3.6% on record volume following the $876M acquisition of DZYNE Technologies, with the company raising its 2026 revenue outlook to at least $525 million.

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Meta Shares Recover After Early Dip; Focus Shifts to AI Chip and Power Expansion
Technology Sarah Chen

Meta Shares Recover After Early Dip; Focus Shifts to AI Chip and Power Expansion

Meta shares bounced back from an early loss, rising 1.7% to $613.19, as traders focused on the company's AI chip plans and capacity expansion targets.

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nLIGHT Soars on $627M Laser Weapon Contract Ceiling
Technology Sarah Chen

nLIGHT Soars on $627M Laser Weapon Contract Ceiling

nLIGHT shares surged 28% on a defense contract worth up to $627 million, signaling a strategic pivot from industrial lasers to directed energy systems.

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