Latest News
Snap Stock Slips as Tech Selloff Intensifies Ahead of CEO's AWE Keynote
Snap shares slid 4% to $5.38, extending a three-day losing streak amid a broader tech selloff, as investors focus on ad growth challenges and CEO Evan Spiegel's upcoming AWE keynote on June 16.
Outlook Therapeutics Surges on FDA Review Progress for Lytenava
Outlook Therapeutics shares surged 26% to $0.89 as the FDA began a 60-day review of Lytenava after a successful appeal, though the stock faces Nasdaq delisting and dilution risks.
Freshworks Holds Steady as AI Restructuring Test Looms in Q2
Freshworks shares held flat near $9.39 on heavy volume, as investors weigh AI restructuring costs and Freshservice focus ahead of Q2 results.
ERock Stock Falls Below IPO Price on NYSE Debut Amid AI Power Contract Doubts
ERock (EROC) fell 12.37% in its NYSE debut, closing at $18.84 as investors worried about its $1.28B AI data-center backlog.
Netflix Edges Up Despite Jefferies Target Cut, Focus on APAC Mobile Launch
Netflix shares edged up 0.9% to $82.13 despite a Jefferies price target cut, as the market focuses on the company's new mobile app features in Asia-Pacific and Q2 margin guidance.
Cameco Shares Tumble 7% as Uranium Sector Faces Broad Selloff
Cameco shares dropped 7.4% Wednesday, leading a broad uranium sector decline, as investors await Q2 results on July 31 for signs of production recovery and Westinghouse progress.
Tech Rout Deepens as AI Stocks Tumble, Oil Surge Stirs Inflation Jitters
US stocks slumped Wednesday as AI stocks slid on dilution fears from Super Micro Computer's $7 billion financing plan, while surging oil prices stoked inflation worries, dragging the S&P 500 down 1.56%.
Apollo and Blackstone Fuel Anthropic's $35B AI Compute Expansion Ahead of IPO
Apollo and Blackstone are funding a $35B AI compute expansion for Anthropic, which filed for an IPO after a $65B funding round valued it at $965B.
SpaceX IPO Oversubscribed by $175 Billion as AI Orbital Compute Hype Grows
SpaceX's $75 billion IPO has attracted over $250 billion in investor demand, but Morningstar values the stock 53% below the offer price, highlighting risks tied to Starship and orbital AI compute.
