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SK Hynix's $28B US IPO Sees Massive Oversubscription, AI Demand Surges
SK Hynix's $28 billion US IPO saw over 7x demand, with the stock closely tied to AI supply chain. The ADRs begin trading on Nasdaq July 10.
Futures Rebound as Oil Retreat Eases Market Jitters
U.S. stock futures edged higher Thursday, led by Nasdaq 100 contracts, after oil's surge and geopolitical fears triggered a selloff. The market eyes jobless claims and Fed policy signals.
CoreWeave Rebounds 7.75% After Meta-Fueled Selloff, Analysts See Buying Opportunity
CoreWeave shares surged 7.75% to $90.00, rebounding from last week's drop linked to Meta's potential competition. Analysts see a buying opportunity, with Wolfe Research maintaining a $150 target.
Transocean Rises 4% on Oil Surge, Insider Buying, and $1B Contract Backlog
Transocean closed up 4.18% at $5.23 as Brent crude jumped 5.2% on geopolitical risks, a director purchased 35,000 shares, and a $1 billion Equinor contract boosted backlog. Q2 earnings are set for Aug. 5.
Freshworks Shares Dip Ahead of Q2 Report; AI and Cost Cuts in Focus
Freshworks shares declined 2% to $10.17 as the company scheduled its Q2 earnings release for August 4, with investors focused on AI integration and cost reduction progress.
Rocket Lab's Bull Case Hits $293, But Neutron Risk Looms
Morgan Stanley lifted its bull-case target on Rocket Lab to $293, citing a SpaceX-like transformation. However, the stock's high valuation and Neutron rocket risks remain key concerns.
TeraWulf Surges on $19B Anthropic AI Data Center Deal
TeraWulf shares surged 12.8% after a $19 billion, 20-year lease with Anthropic for a Kentucky AI data center, shifting its focus from bitcoin mining to AI infrastructure.