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Strategy Inc Surges 22% as $1.15B Stock Sale Signals Cash Pivot
Strategy Inc shares surged 22.4% after the company raised $1.15 billion through a stock sale without purchasing Bitcoin, signaling a shift to active cash management.
Alibaba Shares Near 52-Week Low Despite Kling AI Investment
Alibaba shares in Hong Kong rose 5.1% for the week but remain near their 52-week low as the company joins Kuaishou's Kling AI funding round alongside Tencent and Baidu.
BigBear.ai (BBAI) Slips After Russell Exit, Volume Concerns Loom
BigBear.ai (BBAI) fell 3% to $3.53 after removal from the Russell Microcap Index, with insider tax filings and low volume raising concerns.
Nike Stock Rebounds on Heavy Volume, Margin Recovery in Focus
Nike shares jumped 2.4% Thursday on volume more than double the norm, as market focus shifts to margin recovery and tariff benefits amid weak sales.
Bitmine Stock Trails Crypto Holdings After Russell 1000 Entry
Bitmine (BMNR) shares ended the holiday-shortened week at $14.36, up 1.48%, but still trade at a discount to the company's $9.8 billion in crypto and other assets.
Nebius Faces New Risk as Meta Cloud Plans Emerge
Nebius shares dropped 5.92% on news Meta may build its own AI cloud, threatening a major contract. Two-day trading volume hit 54.83 million shares, about 25% of Nebius's Class A float.
Arm Stock Sinks 6.6% on Thin Volume, AI Valuation at 67x Sales
Arm shares dropped 6.6% to $315.28 on thin volume, a pre-holiday warning. The stock remains priced at 67 times revenue, with fiscal Q1 results due July 29.
Dell's Texas Move Sets $7.7B Bar for Shareholder Lawsuits
Dell's reincorporation in Texas includes a 3% ownership rule for derivative lawsuits, equating to about $7.7 billion. Shares dropped 7.27% to $394.32, despite strong AI server revenue.
CrowdStrike Shares Surge Post-Split, Outpacing Cyber ETFs and Nasdaq
CrowdStrike (CRWD) shares surged 10.7% in four sessions after a 4-for-1 stock split, closing at $193.98. The stock outperformed the CIBR cybersecurity ETF and the QQQ.
Intuitive Machines Stock Slips After NASA Award; Short Interest Data Due July 10
Intuitive Machines shares slipped 1.06% over the past five sessions, lagging the Nasdaq, despite winning a $148.3 million NASA contract. Short interest data on July 10 will be key.