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IREN Shares Slide After $3 Billion Convertible Note Sale for AI Pivot
IREN shares fell nearly 7% after closing a $3 billion convertible note sale to finance its transition from bitcoin mining to AI data centers.
SoFi Stock Dips 2.6% on PrimaryBid Deal as Market Eyes Rate Headwinds
SoFi Technologies shares fell 2.6% after acquiring PrimaryBid's technology assets. The deal aims to boost retail IPO access but comes amid rising net charge-offs and unchanged 2026 guidance.
Dow Drops Below 50,000 as Surging Yields and Oil Jolt Markets
The Dow Jones Industrial Average fell below 50,000 on Friday as rising Treasury yields and oil prices near $109 sparked inflation fears, with chip stocks like Nvidia, AMD, and Intel leading the decline.
Tesla Shares Decline on Stalled China FSD Approval After US-China Summit
Tesla shares dropped 3.7% after President Trump left Beijing without securing Chinese approval for its Full Self-Driving software, dampening investor sentiment.
Rivian's Robotics Spin-Off Mind Robotics Valued at $3.4 Billion
Mind Robotics, a robotics startup spun out of Rivian, raised $400 million at a $3.4 billion valuation. Rivian shares fell to $13.96 as R2 SUV deliveries begin.
Micron Drops 5% as Samsung Strike Looms Over AI Memory Boom
Micron stock slid 5.2% Friday on profit-taking and concerns over a possible Samsung strike that could disrupt AI memory supplies.
Plug Power Shares Slip Amid Cash Burn Concerns Despite Revenue Growth
Plug Power shares dipped 1.7% to $3.725 on Friday, as robust Q1 revenue growth of 22% to $163.5 million was overshadowed by a widened net loss of $245.3 million and operating cash burn of $150 million.
Ford Stock Retreats After AI-Driven Energy Storage Rally Fades
Ford shares dropped 7% Friday after a rally sparked by its new energy storage unit. The business targets data centers but hasn't shipped yet.
Biogen Completes Apellis Takeover, Gains Rare-Disease Pipeline
Biogen has completed its acquisition of Apellis Pharmaceuticals, delisting APLS shares. Biogen gains Syfovre and Empaveli, plus a kidney disease pipeline, with a CVR tied to Syfovre sales.
Nokia Stock Retreats After AI Rally: Key Details for Investors
Nokia's US-listed shares dropped about 5% Friday, pulling back from an AI-driven rally. The company reported a 54% rise in Q1 operating profit and named a new mobile infrastructure president.
XRP Slips as Rising Yields Dampen Crypto Rally
XRP fell to $1.44 Friday as rising bond yields and reduced Fed cut bets weighed on risk assets, overshadowing regulatory progress.