Latest News
Anthropic Files Confidential IPO Amid $965B Valuation and Heavy Losses
Anthropic has confidentially filed for an IPO after raising $65 billion at a $965 billion valuation, revealing $47 billion in annualized revenue but ongoing losses.
Oracle Soars on AI Cloud Demand and Record Backlog
Oracle shares jumped over 8% to $244.73 after strong Q3 earnings and a 44% cloud revenue surge. The company's backlog soared 325% to $553 billion, but a $1.07 billion put position signals caution.
MP Materials Shares Surge on Analyst Initiation and Strong Quarterly Results
MP Materials shares surged 7.7% to $69.70 after Needham initiated coverage with a Buy rating and $81 target, citing the company's competitive advantages. First-quarter revenue jumped 49% to $90.6 million, driven by record rare-earth production.
MARA Stock Rises as Bitcoin Slips; AI Infrastructure Bet Gains Traction
MARA Holdings stock gained 4% to $14.95, diverging from bitcoin's decline, as the company's strategic shift toward AI-powered data infrastructure through a $1.5 billion acquisition captures market attention.
BlackBerry shares surge as QNX robotics bet gains momentum
BlackBerry shares jumped 7.8% to $9.70 in New York, reaching a 52-week high in Toronto, fueled by QNX's 20% revenue growth and a $950 million royalty backlog.
Rigetti Computing Gains on Quantum Error Correction Breakthrough and CHIPS Act Funding
Rigetti Computing shares rose 3.4% after a quantum error-correction paper was published and the company secured up to $100 million in CHIPS Act funding.
Redwire Drops 16% on Downgrade Amid Space Sector Selloff
Redwire shares plunged 16.4% to $20.53 after Jefferies downgraded the stock to Hold, citing valuation concerns. The broader space sector also retreated.
NIO Stock Jumps on 62% May Delivery Surge; Q2 Target Hinges on June
NIO shares jumped 6.6% after May deliveries surged 62% YoY to 37,705 vehicles. The company now needs to deliver 42,939 units in June to hit its Q2 target.