Latest News
Snap Shares Dip 3%, Market Cap Hits $7.4B as AR Hardware Costs Weigh on Valuation
Snap shares slipped 3% to $4.395, reducing market cap to $7.4 billion. The stock now trades at roughly $7.76 per monthly active user, as investor scrutiny intensifies over the $3.5 billion spent on Specs hardware.
Rocket Companies Slides as Housing Bill Rally Fizzles on Rate Concerns
Rocket Companies (RKT) shares slipped 0.8% after a housing bill rally faded. Mortgage rates remain near 6.5%, weighing on refinance and purchase demand.
Onto Innovation Stock Surges, Nears Key Convertible Note Conversion Price
Onto Innovation shares jumped 7.5%, closing in on the $381.80 conversion price of its $1.5B convertible notes. The stock now trades 10.2% below that level, with analysts maintaining a $358.82 average target.
Bitmine Stock Slides as Ether Decline Slashes Crypto Holdings Value
Bitmine (BMNR) shares fell 4.4% to $13.40 as ether's decline reduced its ETH holdings by $921M, trading 19% below adjusted asset value.
Joby Aviation stock drops 4.6% as heavy trading persists below key financing thresholds
Joby Aviation shares slid 4.6% to $8.86 on heavy volume, trading below key financing levels from February and Delta's warrant exercise price.
Polestar Faces U.S. Sales Ban, Pivots to Europe Amid Cash Concerns
Polestar (NASDAQ:PSNY) shares slid 5.7% after the U.S. denied authorization to sell 2027 models under new connected-vehicle rules, blocking future U.S. sales and raising funding risks as Q1 net loss widened to $383 million, cash fell to $676 million, and Europe now accounts for nearly 80% of retail sales.
Plug Power's Denmark Project Highlights Green Hydrogen Scaling Challenges
Plug Power shares rose 0.4% to $2.62 after completing a 5 MW electrolyzer project in Denmark, which produces less than 4% of its U.S. capacity. The small scale underscores the challenges in hydrogen scaling.
SMCI Shares Dip as $7B Equity Raise Funds AI Server Push
Super Micro Computer (SMCI) fell 1.1% to $32.10 after a $7B equity raise to fund $39B in AI server orders, with dilution risk and cash conversion concerns ahead of Q4 guidance.
Qualcomm Stock Surges $16 Billion on Upbeat Data Center Revenue Forecast
Qualcomm shares jumped 7.6% to $212.34, adding $16 billion in market value after raising its fiscal 2029 data center revenue target to over $15 billion. The stock later gave back much of its early gains.
Nexera Shares Surge 54% on Fort Technology's Logia Deal
Nexera Technologies (NASDAQ:NEXR) soared 54% to $0.8663 on massive volume after Fort Technology signed a non-binding LOI for a data-center backup-power deal with Logia USA.