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BB Stock Slides 9% in Tech Rout, Rally's Staying Power Tested
BlackBerry shares dropped 9% Friday in a tech selloff, though the stock still rose 4.6% for the week. Focus shifts to QNX growth and upcoming earnings on June 25.
SoFi Shares Slide 12% as Rate Fears Overshadow New Product Launches
SoFi stock dropped 12% to $16.03 as a hot jobs report reignited rate worries, eclipsing the AI Coach launch and stablecoin push. Focus now shifts to Wednesday's CPI data and the June 17 annual meeting.
Plug Power Shares Tumble 10.7% Ahead of Key Shareholder Vote on Dilution Risk
Plug Power shares plunged 10.7% Friday to $3.215, now 18.6% below May 29, ahead of a June 11 vote on adding 25 million shares that could dilute investors. A $39.2M tax credit sale provides some cash relief amid sector selloffs.
Keel Infrastructure Plunges 13% After Raising $400M in Convertible Notes for AI Pivot
Keel Infrastructure shares tumbled 13.49% to $5.13 after the company raised $400 million in convertible notes to fund its shift from bitcoin mining to AI data centers, testing investor confidence.
Intel Stock Tumbles 11% on Rate Hike Fears and Chip Sector Selloff
Intel shares fell 11.4% to $99.17 on Friday as a strong jobs report sparked rate hike worries and chip stocks plunged. The company unveiled AI partnerships with Hitachi and Foxconn.
Nokia Refinances €500M Debt, Shares Dip 5.87% as AI Rally Pauses
Nokia shares closed down 5.87% on Friday after refinancing €500M in debt, but still posted a 4.72% weekly gain. London investor meetings are scheduled for June 10.
American Airlines Stock Rises Amid Fuel Cost Challenges
American Airlines shares rebounded 1.5% to $13.50 on Friday after a weekly decline, as the market assesses fuel costs and pricing power.
Market Update: Warren Hits Trump Trades, Sage Dips 33%
Warren slams Trump's stock trades in Eli Lilly, Dell, and Micron. Sage drops 33% but analyst calls it a once-in-a-decade buy. Xiaomi falls 47.6% but near fair value.
UiPath Shares Slip Amid Inflation Jitters and Analyst Caution
UiPath shares dropped 3.68% to $11.24, erasing Monday's rally, as tech selloff and hold ratings outweighed strong Q1 results and guidance.