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Bolt CEO Defends HR Shutdown, Says Smaller Team Boosts Agility
Bolt CEO Ryan Breslow defended cutting the HR department at Fortune's summit, stating it created problems. The move follows layoffs and a shift to AI and a finance app.
CPS Energy Breaks Ground on 120MW Battery as Outage Times Worsen
CPS Energy and OCI Energy have started building a 120MW battery storage facility in Bexar County, targeting 2027 operations. The project comes as average outage times for CPS customers rose to 75.38 minutes.
Co-Diagnostics Shares Slip After $3M Placement, Ebola Assay News
Co-Diagnostics shares declined after the company disclosed a $3 million private placement, following a sharp rally on Ebola test development news.
Micron Gains Amid Tech Selloff; Samsung Strike May Tighten Memory Supply
Micron shares gained 2.5% on Tuesday, reaching $698.74, as the Nasdaq fell. A planned Samsung strike could tighten memory supply and drive prices higher.
Intel Surges on Analyst Optimism Over AI Server CPU Demand
Intel shares rebounded 2.43% to $110.80 on Tuesday, snapping a five-day decline, as analysts boosted price targets on AI server CPU demand. The stock faces key tests from Nvidia earnings and foundry challenges.
Klaviyo Stock Stays Near Low Amid Slowing Growth and Insider Sale Filing
Klaviyo shares closed Tuesday near their 52-week low after a sharp post-earnings decline. A Form 144 insider sale filing and CFO departure add to investor caution as growth slows.
Meiwu Technology Extends Rally After AI Skincare Funding
Meiwu Technology shares jumped 97% Tuesday and rose 12% premarket after the company raised $15.65 million for an AI skincare platform.
Astera Labs Surges on AI Networking Optimism Ahead of Nvidia Earnings
Astera Labs shares surged 13.3% on Tuesday as investors cheered management's comments on faster Scorpio X switch ramps and optical networking tied to Nvidia's NVLink Fusion.