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Forgent Power Surges 37% Above Follow-On Price as AI Data Center Demand Drives Record Orders
Forgent Power shares surged 37% above its $47 follow-on price, fueled by record bookings and backlog as AI data center demand keeps investor interest high.
Palantir Shares Slip Despite New Google Cloud Deal and Commercial Wins
Palantir shares declined 0.9% to $140.89, reversing early gains, as investors weigh the impact of new Google Cloud and commercial deals against ongoing valuation sensitivity and regulatory risks.
Grab Holdings Rises as Nasdaq Slips; Fintech Growth in Focus
Grab Holdings shares rose 2.9% on Thursday, bouncing from prior losses, as the market evaluates its Q1 results and fintech expansion amid sector headwinds.
Celsius Shares Slide on Texas Probe Into Alani Nu Marketing
Celsius shares dropped 6.8% after Texas opened a probe into whether Alani Nu drinks misled consumers about safety for minors, threatening growth plans.
Veru Stock Surges on Novo Nordisk Obesity Trial Collaboration
Veru shares surged 112% to $4.78 after Novo Nordisk will provide Wegovy for Veru's Phase 2b obesity trial. Analysts kept $24-$25 targets, but Veru warned of trial risks and reimbursement challenges.
Reddit Rallies on Ad Tool Upgrades and Analyst Endorsement
Reddit shares jumped 6.3% on Thursday after Loop Capital reiterated a Buy rating and investors reacted to new automated app-ad tools.
Keel Infrastructure Tumbles as AI Data Center Hopes Face Permitting Hurdles
Keel shares slipped 1.7% after a 98% monthly surge, as the market focuses on whether the company can convert its power-rich sites into AI data center leases amid Q1 losses.
Consumers Energy Seeks $456M Annual Rate Hike, Citing Grid Upgrades
Consumers Energy has filed for a $456 million annual rate hike that could boost residential bills by 9.8%, drawing criticism from Michigan's attorney general and consumer advocates.
AT&T Stock Slides on SpaceX Starlink Threat and Regulatory Setback
AT&T shares fell 3.7% on Thursday after Oppenheimer downgraded the stock, warning that SpaceX's Starlink could disrupt the US communications market. The Supreme Court also upheld FCC fines against AT&T.
Nu Holdings Rises on $1B Buyback but Analysts Stay Wary
Nu Holdings shares rose 4% on a $1 billion buyback announcement, but analysts remain cautious amid CFO change and credit concerns.