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Grab Shares Slide Amid Nasdaq Selloff, Inflation Concerns Loom
Grab Holdings shares dropped 3.47% to $3.34 as a strong U.S. jobs report fueled Fed rate hike fears, pressuring growth stocks. Investors await inflation data and Grab's solid Q1 results.
Saylor's Bitcoin Hint Sets Up Strategy Inc for Pivotal Monday
Strategy Inc shares are poised for a critical Monday after Executive Chairman Michael Saylor hinted at renewed Bitcoin purchases, following a 19.7% weekly drop triggered by a small Bitcoin sale.
Nu Holdings Unveils $1B Buyback Amidst CFO Change and Credit Concerns
Nu plans a $1 billion buyback after a steep weekly decline, as investors weigh a CFO change and rising credit costs against analyst downgrades.
Ford Shares Slide for Fifth Session as EV Sales Plunge and Rate Fears Mount
Ford shares slid for a fifth consecutive session, closing at $14.90, after May U.S. sales dropped 13.6% and EV sales plunged 43.9%. Traders are balancing Ford Energy's growth story against weak demand, recalls, and rate hike fears.
Super Micro Stock Plunges 11% as AI Hardware Selloff Deepens Ahead of Key Trading Week
Super Micro Computer shares plunged 11.22% to $41.64 Friday, extending losses after hours, as a strong jobs report sparked a tech selloff that erased $1.3 trillion in chip sector value.
Netflix Shares Slide 4.5% Amid Board Shake-Up and Rising Competition
Netflix shares dropped 4.5% to $82.18 as Reed Hastings exited the board, Jay Hoag became chairman, and concerns over ad growth and competition from Amazon Prime Video and YouTube persisted.
Amazon Slips as Tech Selloff Intensifies; AWS Deal Fails to Stem Losses
Amazon dropped 3.1% on Friday despite a $4 billion AWS deal with Pinterest, as tech selling and rate fears hit the Nasdaq. Investors focus on AI spending, falling free cash flow, and new EU cloud rules.
NuScale Power Slumps 12.5% as Nuclear Sector Faces Broad Selloff
NuScale Power shares plunged 12.5% on Friday amid a broad tech selloff, with weak Q1 revenue and a net loss weighing on sentiment. The nuclear sector also saw declines in peers Oklo and Nano Nuclear Energy.
Rigetti Computing Shares Plunge 19% on Rate Hike Fears; Government Funding Still in Limbo
Rigetti Computing shares fell 19% last week, closing at $20.68, as a strong U.S. jobs report stoked rate hike fears, pressuring high-growth tech stocks. The company awaits a key $100 million government funding letter.