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SES News30 articles
Palantir's 52-Week Low Erases $15.4B, Weighing on ETF Portfolios
Palantir (PLTR) plunged to a 52-week low, erasing $15.4 billion in value, as shares fell 5.3% to $107.50. The selloff extends a seven-session losing streak, dragging down ETF holders and compressing valuation multiples.
Market Rotates: Big Tech Loses $416B as Dow, Small Caps Rally
Broad market gains offset a $416 billion drop in megacap tech, as investors rotated into Dow and small-cap stocks. Micron jumped 10.4% on earnings beat.
Apple Raises Mac, iPad Prices Amid DRAM Cost Surge, iPhone Unchanged
Apple raised Mac and iPad prices by $100-$300 due to soaring memory costs, while iPhone prices stayed unchanged. Shares fell 4.8% as investors weighed margin pressure from rising DRAM prices.
SpaceX Starlink Launch Cadence Signals Revenue Strength as Short Interest Rises
SpaceX completed its 59th Starlink launch of 2026, adding 24 satellites. Short interest rose to 13% of free float as shares traded at $156.08, with Starlink revenue at $11.2B.
Crypto App Fomo Raises $75M at $550M Valuation, Sparking Concerns Over High Multiples
Fomo's $75 million Series B at a $550 million valuation implies $880 per user, raising questions about private-market exuberance as crypto trading faces cyclical headwinds.
Refi Activity Rises as New Home Sales Slump, Inventory Swells
Refinance applications rose 3% last week, but purchase demand weakened as new home sales plunged 7.3% in May, leaving builders with a 10.3-month supply.
Broadcom Stock Rises on OpenAI Chip Deal, Margin Concerns Loom
Broadcom shares rose on news of a custom AI chip partnership with OpenAI, but CEO Hock Tan's margin warnings keep investors cautious.
Opendoor Rises Ahead of Russell 3000 Inclusion Amid Housing Data Woes
Opendoor shares rose 1.9% ahead of its Russell 3000 index addition, though soft housing data and volume near average tempered enthusiasm. The company faces margin challenges amid a weak new-home-sales report.
SpaceX Russell Inclusion Spurs $2.68B in Buying, Short Interest Rises
Russell index rebalance may drive $2.68B in SpaceX buying, while the company faces $1.46B in annual bond payments and a 31.5% drop from its post-IPO high.
Dow Rises on Oil Drop; Tech Weakness Weighs on Nasdaq
The Dow Jones rose 0.36% as falling oil prices lifted airline stocks, while the Nasdaq fell 0.43% on continued tech weakness. Markets await Micron earnings and PCE data.
Home Depot Rises Despite Housing Weakness and Downgrade
Home Depot shares rose 4.7% to $339.61, helping lift the Dow, even as Wolfe Research downgraded the stock and U.S. new-home sales fell 7.3% in May.
Kenvue Stock Rises as Deal Spread Narrows to 2%
Kenvue shares rose 1.7% to $18.72, maintaining a 2% spread below Kimberly-Clark's $19.11 takeover offer, as investors await regulatory clearance and assess Tylenol litigation risks.
Hertz Slumps 28% on Weak Q2 Outlook, Used-Car Losses
Hertz shares plunged nearly 28% after warning Q2 core profit will hit low end of guidance due to used-car sale losses, with vehicle depreciation rising to ~$300/unit/month.
Dow Jones Rises on Home Depot and 3M Gains; Alphabet to Replace Verizon in Index
The Dow Jones Industrial Average gained 302 points on Wednesday, driven by strong performances from Home Depot and 3M. Alphabet shares rose after being selected to replace Verizon in the Dow index.
Super Micro Stock Rises on New AI Deals, Nvidia Partnership
Super Micro Computer shares rose 1.6% premarket Wednesday after new AI partnerships, following a 6% drop Tuesday, as investors weigh financing plans and legal risks.
Tencent Rises as WeCom AI Agent Enters Testing, Buyback Continues
Tencent shares rose 3.38% on Wednesday as WeCom began limited testing of the Dayuan AI agent. The company also repurchased 1.183 million shares.
Keel Infrastructure Rises on Citizens Initiation with AI Power Pipeline Focus
Keel Infrastructure shares climbed in premarket trading after Citizens assigned a Market Outperform rating and $10 price target, highlighting the company's transition from bitcoin mining to AI-focused power and data centers.
S&P 500 Edges Higher After Tech Rebound; Semiconductor Rout Eases
S&P 500 futures edge up 0.13% as Micron and SanDisk rebound after a semiconductor-driven selloff. SpaceX bond demand surges, Intel's foundry premium holds, and Wendy's faces dividend pressure.
Archer Aviation (ACHR) Slips on Thin Revenue, Heavy Losses
Archer Aviation shares dropped 3.3% to $5.25, near a 52-week low, after Q1 revenue of $1.6 million—mainly from leases—fell short, while operating expenses surged to $256.2 million and net loss widened to $217.7 million.
Snap Stock Drops on Pricy AR Glasses as Meta Unveils $299 Rival
Snap shares dropped 3.8% after unveiling $2,195 AR glasses, facing price pushback as Meta launched $299 AI glasses. Investors are wary of Snap's costly hardware push.
Maase Surges 24% on AI Infrastructure Pivot Despite Heavy Losses
Maase Inc (MAAS.O) soared 24% to $22.16 after filing interim accounts showing a major pivot to AI computing and energy infrastructure, despite a net loss of RMB1.85 billion and a 99.5% drop in cash.
Atlantic International Shares Skyrocket on Dutch Deal, Filing Reveals Deepening Losses
Atlantic International stock soared 155% after its Circle8 unit won a $52M Dutch government contract, but the company's latest filing reveals widening losses, heavy debt, and substantial doubt about its ability to continue.
Primoris Shares Tumble 35% on Renewables Losses and COO Departure
Primoris shares plummeted 35% premarket after slashing 2026 guidance due to renewed cost overruns in its renewables business and the COO's departure.
Keel Infrastructure Slips After Rally, Awaiting Key Data-Center Leases
Keel Infrastructure shares fell pre-market after hitting a 52-week high, as the market weighs the Russell 3000 addition and convertible note offering against declining revenue and unsigned data-center leases.
Alphabet Loses $225B in Market Cap as AI Researchers Exit to Rivals
Alphabet lost $225 billion in market value after two top AI researchers left for OpenAI and Anthropic, sparking investor doubts about talent retention and AI strategy.
Oil Prices Decline as US Waiver Eases Iran Supply Fears
Oil prices slid for a second day as a US waiver on Iranian oil sales and resumed Strait of Hormuz tanker traffic eased supply fears.
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.
IBM Rises on OpenAI Security Pact and Quantum Orders
IBM shares rose 3.22% premarket after announcing an OpenAI cybersecurity partnership and new U.S. quantum computing orders, defying a broader tech selloff.
Tesla Rises Amid Nasdaq Slide, Robotaxi Hopes Drive Gains
Tesla shares rose 1.14% to $405.05 Monday, defying a Nasdaq drop, as investor focus on robotaxis and AI outweighed a Jefferies price target cut and a new safety probe.
Ford Shares Flat as Canadian Labor Talks Begin; Inventory Poses Pricing Risk
Ford shares hover around $14 as Unifor begins Canadian labor negotiations, while elevated F-Series inventory raises potential pricing concerns.