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IREN Climbs 7.6% as $3B AI Contract Revenue Awaits Activation
IREN shares jumped 7.6% to $39.60, recovering most of last week's post-results slide, but $3 billion of contracted AI ARR remains unactivated, keeping valuation stretched.
Corporate Travel Management Shares Plunge 81% as Interest Costs Devour FY26 Profit
Corporate Travel Management shares plummet 81% after A$20 million interest bill erases FY26 profit, despite a 36% rise in underlying EBITDA.
Anthropic's $175B Cloud Push Intensifies IPO Speculation
Anthropic's cloud commitments reach $175B with a new $35B Lambda deal, intensifying IPO speculation as the company cuts token prices by 25%.
Dell Stock Soars 15.8% on Raised Profit Forecast, AI Server Demand Drives Rally
Dell Technologies (DELL) surged 15.8% to $492.20 after boosting its fiscal 2027 adjusted EPS outlook by 42.5% to $25.50, driven by AI server demand and a $95 billion backlog.
Ultragenyx Plunges 44% as Angelman Gene Therapy Fails Phase 3 Trial
Ultragenyx's stock plummeted 44% after its Phase 3 apazunersen trial failed, wiping out $1.14 billion in market cap. The company now faces major cost cuts.
NIO Shares Slide 4.9% as Q3 Forecast Caps Margin Optimism
NIO shares dropped 4.9% as its Q3 delivery forecast pointed to minimal sequential growth, raising margin concerns. The stock closed at $3.86 after touching a 52-week low.
Snowflake Stock Soars 22% on AI Growth, Adding $24B in Value
Snowflake shares surged 22% after the company reported accelerating revenue growth and raised its full-year outlook, adding roughly $24 billion in market value.
PG&E Shares Tumble 5% on $2B Capex Cut Amid Regulatory Uncertainty
PG&E shares dropped 5.2% after the utility postponed $2 billion in 2027 capital spending, citing financing costs and regulatory uncertainty. The company reaffirmed 2026 guidance but trimmed expansion plans.
Small Caps Lead Market Rebound as Wall Street Breaks Losing Streak
Wall Street rebounded Wednesday, ending a three-day losing streak. The Russell 2000 led gains, rising 1.1%, while Snowflake surged 22% in after-hours trading.
Credo Plunges 20% on Valuation Worries Despite Record Revenue
Credo Technology shares tumbled 20% on Wednesday despite record revenue, as investors balked at a rich valuation and declining GAAP margins. Analysts remain bullish, but concentration risk looms.
Live Nation Rises 1.3% as Venue Expansion Tests Margin Strategy
Live Nation shares rose 1.3% as new venue openings test margin mix, with Q2 revenue up 9% and ticketing AOI up 14%.