Latest News
Coherent Stock Slips Despite $50M CHIPS Grant; AI Optics Demand in Question
Coherent shares slipped 1% to $378.85 despite a $50M CHIPS grant for its Texas InP plant, as high valuation and supply risks overshadow AI optics demand.
Vertiv Surges 7% as AI Infrastructure Demand Fuels Rally
Vertiv shares surged 7.3% to $321.49 as investors piled into the AI data-center supplier following strong Q1 results and a raised 2026 forecast, but high valuation raises caution.
Rocket Shares Slide 6% as Fed Rate Hold, Downgrade Pressure Mortgage Lenders
Rocket Companies shares dropped 6% as the Federal Reserve kept rates unchanged and BTIG downgraded the stock, highlighting ongoing headwinds for mortgage lenders.
Nebius Shares Leap 8.4% on Eigen AI Acquisition, Nasdaq-100 Inclusion Looms
Nebius shares surged 8.4% to $287.49 after completing the Eigen AI acquisition, as the company gears up for Nasdaq-100 inclusion on June 22, which could attract index-fund demand.
TD Bank Shares Surge to 52-Week Peak on Wholesale Earnings and Leadership Revamp
TD Bank shares rose to a 52-week high on record wholesale earnings and a leadership reshuffle at TD Securities, as the broader Canadian market also hit new highs.
Rare Earth Stocks Surge on G7 Supply Chain Pledge and Pentagon Loan Support
MP Materials shares surged 9% after G7 leaders agreed to cut rare earth reliance on non-bloc suppliers and the Pentagon backed a $500 million loan for Phoenix Tailings, boosting sector stocks.
Coupang Stock Jumps on $410M Privacy Fine Disclosure, Analyst Upgrade
Coupang shares surged 8.3% to $19.53 after disclosing $410 million in Korean privacy fines and receiving an Outperform rating from CLSA with a $24 target.
Fermi Shares Surge as Ex-CEO Backs Rival Candidate in Board Battle
Fermi shares surged 12.8% on Wednesday after former CEO Toby Neugebauer threw his support behind John Sellers to lead the company, escalating a governance battle.
