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Rivian's R2 Launch Faces Market Headwinds; Shares Dip 5%
Rivian (RIVN) shares dropped 5% on Friday as the R2 configurator launched, with Tesla matching pricing. Market headwinds and execution concerns weigh.
MARA Slips 6% as Bitcoin Miner's AI Transition Faces Key Trial
MARA shares dropped 6.4% to $12.44 after bondholders approved debt amendments for its Long Ridge Energy deal, a key step in its AI pivot. The miner reported a $1.26B Q1 net loss.
Cisco Hits All-Time High as AI Orders Surge, Job Cuts Announced
Cisco shares closed at $118.21 after a 22% weekly gain, fueled by strong earnings and a raised AI revenue outlook to $9 billion. The stock jumped 17% on Thursday.
AT&T Stock Declines 4.5% in Week Despite Spectrum and Satellite Deals
AT&T shares closed at $24.03 on Friday, down 4.5% for the week, amid a broader market decline. The company secured FCC approval for a $23 billion spectrum deal with EchoStar and joined a satellite joint venture.
Archer Aviation Faces Key Week After Stock Drop and New Share Filing
Archer Aviation shares dropped 5.6% Friday to $6.05 after a May 14 SEC filing registered 3.27M resale shares and up to $8M in new stock for vendors, expected around May 19. The company, with $1.78B cash and a Q1 net loss of $217.7M, appears at Deutsche Bank's auto conference Tuesday.
Grab Faces Critical Week as Oil, Yields, and Indonesia Risks Mount
Grab shares fell 4.57% last week to $3.55, as rising oil prices and bond yields pressured the stock. Q1 revenue beat estimates, but Indonesia regulatory risks and macro headwinds remain.
IREN Stock Tumbles 9% After Closing $3B Convertible Note Deal for Nvidia AI Push
IREN shares dropped 9.35% to $52.94 Friday after closing a $3.0 billion convertible-note sale for its Nvidia AI infrastructure expansion, ending the week down 13.5%.
SoFi Technologies Faces Pivotal Week After Volatile Friday Close
SoFi Technologies shares slipped 2.56% to $15.61 on Friday, entering a crucial week as the company prepares to present at J.P. Morgan's tech conference.
Bitmine's $13.4B Ether Bet Under Pressure as Weekend Slide Hits $11.4B
Bitmine Immersion Technologies shares fell 9.7% Friday as Ether slid to $2,186, reducing the value of its 5.21 million ETH holdings to about $11.4 billion.