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IESC News30 articles
AMD Shares Flat Despite UBS $1.1 Trillion Target as AI Competition Intensifies
UBS set a $670 price target on AMD, implying a $1.1 trillion valuation, but shares closed nearly flat amid Qualcomm's AI chip push and tech sector weakness.
Rocket Companies Soars on Mortgage Demand Uptick; Redfin Data Shows Home Price Stability
Rocket Companies (RKT) jumped 13.5% after mortgage applications rose 1% and refinancing demand increased 3%. Redfin data showed home prices edged up 0.3% in May, but a 7.3% drop in new-home sales highlights ongoing housing risks.
FedEx Stock Dips as 2026 Profit Forecast Relies on Pricing Power
FedEx stock dropped over 7% premarket after earnings beat, with 2026 profit outlook hinging on price increases and freight spin-off complicating comparisons.
Chip Rout Pummels Nasdaq; Margin Worries Hit Cerebras, FedEx After Hours
A steep 7.9% dive in the Philadelphia SE Semiconductor index dragged the Nasdaq lower, as AI spending concerns and margin warnings hit Cerebras and FedEx after hours.
BTQ Technologies Shares Jump 31% on Quantum Security Push and New Adviser
BTQ Technologies surged over 30% to $5.80 on Nasdaq after naming Brandt Pasco as U.S. strategic adviser, following White House orders to accelerate quantum computing and post-quantum cryptography adoption.
Fomo Raises $75M Series B at $550M Valuation to Simplify Crypto Trading
Fomo raised $75M in Series B funding at a $550M valuation to simplify on-chain trading and expand into equities and prediction markets, despite a slump in crypto venture funding.
Bloom Energy Stock Rallies on AI Data Center Power Demand
Bloom Energy stock rallies as AI data center power needs drive demand for on-site fuel cells, with Q1 revenue surging 130% and 2026 guidance raised.
IBM Falls on Accenture Read-Through; AI Growth Debate Intensifies
IBM shares fell 1.8% as Accenture's weaker guidance weighed on IT services, reigniting debate over whether AI will boost IBM's high-margin software enough to offset consulting risks.
Crypto App Fomo Secures $75M Series B as Retail Interest Rebounds
Fomo, a consumer crypto trading app, raised $75 million in Series B funding led by Index Ventures at a $550 million valuation, as Bitcoin trades above $64,000 and global crypto search volumes show signs of recovery.
NuScale Power Rallies on Paragon Deal, But Cash Burn Raises Concerns
NuScale Power surged 13.54% after Paragon secured a final design contract for its SMR systems. But Q1 revenue fell to $565,000 and operating cash burn was $314.7 million, underscoring risks.
AMC Stock Rallies 21% on Toy Story 5 Blockbuster and Record May Attendance
AMC shares jumped 21% last week to $2.83, boosted by record May attendance, a completed $150 million stock sale, and the strong box office debut of Toy Story 5.
Oklo Gains After Centrus Deal Eases Nuclear Fuel Supply Worries
Oklo shares rose 4% to $61.17 after a HALEU fuel supply deal with Centrus Energy, easing a key constraint for next-gen reactors. The agreement covers fuel for up to five Aurora powerhouses starting in 2029.
CoreWeave Rallies Ahead of Nasdaq-100 Inclusion; Debt Concerns Loom
CoreWeave rose 17.3% to $117.95 ahead of its Nasdaq-100 debut. The company faces significant debt risks after pricing $3.25 billion in senior notes.
PG&E Outages Hit 9,000 Across Three Counties Amid Fire Weather
PG&E outages affected over 9,000 customers in Monterey, Clovis, and Shasta County amid storms and fire weather, underscoring utility challenges in maintaining reliability during peak summer demand.
ASML Denies EUV Machine Reached China Amid US Export Control Concerns
ASML shares fell up to 2.7% after reports that US officials suspect an EUV machine may be in China. ASML denies the claim, but political risks could impact up to 20% of 2026 revenue.
Fermi Rally Pauses as Nasdaq Halts for Juneteenth; Boardroom Battle Intensifies
Fermi shares jumped 10% to $9.50 ahead of the Juneteenth break, fueled by OpenAI tenant hopes, but the lack of a signed deal leaves the rally vulnerable as a proxy fight with former CEO Toby Neugebauer heats up.
Rocket Companies Surges 9% Pre-Holiday as Mortgage Rates Dip and Demand Improves
Rocket Companies shares surged 9.08% to $14.42 on heavy volume before the Juneteenth market closure, as 30-year mortgage rates dipped to 6.47% and homebuying demand improved.
Plug Power Stock Jumps 7.5% as Tax Credit Sale Boosts Liquidity, Hydrogen Sector Rallies
Plug Power shares jumped 7.55% on Thursday, driven by a $39.2 million tax credit sale and improved gross margins, as the hydrogen sector broadly rallied.
AMC Rallies on Box Office Optimism Ahead of 'Toy Story 5' Debut
AMC shares rose 21% to $2.83 ahead of 'Toy Story 5' opening weekend. The rally reflects box office optimism, but debt and dilution remain key risks.
SoFi Rallies 8% Before Juneteenth, CEO Insider Buy and Shareholder Votes Boost Sentiment
SoFi shares gained 8% for the week ending June 18, closing at $17.91, after CEO Anthony Noto bought 13,888 shares and shareholders approved key proposals at the annual meeting.
Nasdaq Futures Lead Holiday Gains as Rate Worries Loom
Nasdaq 100 futures gained 1.18% in thin Juneteenth trading, led by chip stocks, as investors weigh renewed Fed rate hike risks and rising inflation forecasts.
Nvidia's Pre-Holiday Surge Bolsters Chip Sector as AI Focus Intensifies
Nvidia surged 2.95% to $210.69 before Juneteenth, leading a broad chip rally. The move highlights Nvidia's market influence and sets up a key test with Micron earnings next week.
Corning Rallies 10% on AI Data Center Fiber Deals
Corning stock jumped 10.3% to $193.45 on AI data center fiber deals with Amazon and Nvidia. Q1 core sales rose 18% to $4.35 billion, but valuation risks remain.
Apple Set to Raise Prices as Memory Costs Surge; Micron Rallies on AI Demand
Apple will raise prices on some products as memory and storage-chip costs surge, with CEO Tim Cook calling increases unavoidable. Micron shares jumped 8.8% as investors bet on sustained chip pricing power.
Ondas Acquires Cyberhawk in $125M Deal, Boosting Drone Inspection Capabilities
Ondas Inc. announced a $125M cash acquisition of Cyberhawk, a drone inspection firm, expanding its utility and energy market reach.
Nokia Rallies on Lenovo Patent Pact and AI-Driven Optical Expansion
Nokia gained 1.3% to €12.20 on a Lenovo patent pact and optical/defense updates, but undisclosed terms and a 119% YTD surge raise the bar for earnings on July 23.
U.S. DOT Closes Delta Probe Without Penalties, Easing Regulatory Pressure
The DOT closed its probe into Delta's 2024 CrowdStrike outage without penalties, removing a major regulatory risk for the airline.
Lionsgate Shares Slip After Netflix Denies Acquisition Interest
Lionsgate shares dropped 5.6% premarket after Netflix denied takeover interest, ending a rally that saw the stock surge nearly 14% on Tuesday.
American Airlines Shares Climb After Jefferies Raises Price Target
American Airlines shares gained after Jefferies boosted its price target to $15, citing strong demand and higher fares, while lower oil prices from a U.S.-Iran deal provide tailwinds.
Australian Mortgage Rates Persist as Spending Debate Intensifies
Australian and US mortgage rates stay elevated as RBA warns of possible hikes. Brokers cite discretionary spending as key issue for home buyers.