Latest News
Reddit Stock Surges $4.6B on AI Licensing Deal, Revenue Yet to Materialize
Reddit shares surged 13.7%, adding $4.6B in market cap on an AI licensing deal. Revenue from the deal is not yet booked, with ads still the main revenue driver.
Opendoor (OPEN) Surges on Index Inclusion, Short Interest Remains Elevated
Opendoor (OPEN) rallied 6.93% Wednesday on massive volume as index funds adjust for Russell inclusion. Short interest remains elevated at 19.07% of float.
AT&T market cap plunges $15.7B amid SpaceX disruption fears
AT&T stock fell 1% in premarket trading, with $15.74 billion erased from its market cap amid investor concerns over SpaceX's Starlink mobile service and its impact on telecom dividends.
Micron's $138B Drop Highlights Nasdaq-100 Concentration Risk
Micron's 10.57% drop erased $138 billion in market cap, spotlighting its dominant 26% share of the Nasdaq-100's first-half return. Memory prices held steady, but the selloff reflects profit-taking and evolving supply deals.
American Airlines Hits New High on Robust Holiday Travel Forecast
American Airlines stock hit a 52-week high on Wednesday, buoyed by a strong holiday travel forecast and analyst upgrades citing solid demand and lower fuel costs.
Amazon's Satellite Deployment Falls Short of FCC Target After Atlas V's Final Flight
Amazon's final Atlas V launch added 29 satellites to its LEO network, leaving it 1,220 shy of the FCC's July 30 deadline. The company pivots to Vulcan, Falcon 9, and New Glenn.
Nvidia's $200 Level Wavers as AI Capacity Concerns Mount
Nvidia closed at $197.58, down 1.25%, as the Philadelphia Semiconductor Index fell 6.3%. Meta's cloud plans and a nuclear data center tie-up add to AI capacity worries.
