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Smartbird Surges 50% on AI Pivot, New CEO, and Financing Boost
Smartbird (BIRD) shares surged 50% after completing its footwear exit, appointing ex-AWS executive Nadia Carlsten as CEO, and doubling its convertible financing to $100 million for AI infrastructure.
Rackspace Stock Surges on AMD AI Deal and Workforce Restructuring
Rackspace Technology shares surged 33.8% to $8.31 after finalizing an AMD AI compute deal for 30 MW of capacity and cutting 15% of its global workforce to refocus on enterprise AI.
AT&T Stock Slips on CFO Retirement, Heightened Debt and Fiber Concerns
AT&T shares dropped 3.8% after CFO Pascal Desroches announced retirement, sparking worries over debt and fiber investment.
PEPE Outpaces DOGE and SHIB as Meme Coins Test Key Resistance Levels
PEPE outperformed DOGE and SHIB on short-term momentum, but analysts caution the rally could end quickly if key resistance levels aren't breached.
Bradesco Shares Rise on Copom Rate Cut Hopes; Ibovespa Gains
Banco Bradesco preferred shares advanced 1.19% to R$17.87 ahead of an expected Selic rate cut by Copom. The Ibovespa gained 1%, but inflation above target and global rate uncertainty keep bank stocks under pressure.
Micron Stock Surges as Analysts Boost Price Targets on AI Memory Demand
Micron shares jumped 3.3% to $1,054.62, lifting market cap near $1.20 trillion, as analysts hiked targets to $1,500 on strong AI memory demand ahead of June 24 earnings.
Tesla slips despite Goldman delivery upgrade, robotaxi and regulatory clouds linger
Tesla shares dipped 0.5% to $402.75 despite Goldman Sachs raising its Q2 delivery forecast to 420,000 vehicles, as investors weighed weak US demand, a new Argentina charging deal, intensifying robotaxi competition, and regulatory scrutiny over Full Self-Driving safety claims.
Boeing 737 MAX 7 and MAX 10 Near Final Regulatory Clearance
Boeing's 737 MAX 7 and MAX 10 are in the final stage of U.S. and European regulatory approval, with only documentation left. Certification is crucial for Boeing's cash recovery and airline customers.
T1 Energy Soars on Factory Grade Upgrade and Analyst Initiation
T1 Energy shares jumped 12% after its Texas solar module plant earned an 'A' grade in a key third-party review, drawing investor attention as Bernstein started coverage.