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TONX News30 articles
Biogen Closes Apellis Takeover; Focus Shifts to Syfovre Milestones
Biogen has completed its $5.6 billion acquisition of Apellis Pharmaceuticals, delisting APLS from Nasdaq. Shareholders received $41 per share plus a contingent value right linked to Syfovre sales targets.
Houston Grid Woes Continue as CenterPoint Investigates Bear Creek Outages
Bear Creek residents in Houston report ongoing power outages and surges damaging appliances and medication, prompting CenterPoint Energy to investigate as hurricane season nears.
Google's $5B AI Cloud Deal with Blackstone Fails to Impress Wall Street
Alphabet shares dropped 2.3% as Google's $5B AI cloud venture with Blackstone and new Gemini models failed to meet Wall Street's high expectations.
Autonomous Trucking Sector Shifts to Paid Operations, Investors Eye Scalability
Aurora Innovation and Kodiak report paid driverless freight runs in Texas, while Waabi raises $750M. Investors focus on scalability and cost per mile.
AI Chip Stocks Split as Nvidia Earnings Loom; CoreWeave Drops on Google-Blackstone Cloud Deal
Nvidia rose 0.8% ahead of its earnings report, while CoreWeave dropped 3.7% after Google and Blackstone announced a $5 billion U.S. AI cloud venture using Google's custom TPUs.
Nebius Shares Slide 7.5% After Google-Blackstone AI Venture, Downgrade
Nebius Group NV shares dropped 7.5% after Google and Blackstone launched a $5B AI cloud venture and D.A. Davidson downgraded the stock. Revenue surged 684% to $399M.
CoreWeave Drops 3% as Google and Blackstone Unveil $5B AI Cloud Venture
CoreWeave shares dropped 3.3% in premarket as Google and Blackstone's $5B AI cloud venture intensified competition fears. CoreWeave also closed a $3.1B loan facility.
Alphabet Stock Rises as Google and Blackstone Launch $5 Billion AI Cloud Venture
Alphabet shares rose pre-market Tuesday after Google and Blackstone unveiled a $5 billion AI cloud venture. The deal targets Nvidia's dominance with Google's TPU chips.
Korean Investors' US Stock Holdings Break 300 Trillion Won Milestone
Korean investors' US stock holdings have exceeded 300 trillion won, driven by strategic bets on Intel and inverse ETFs amid semiconductor volatility.
Blackstone Data Center REIT BXDC Closes First Week Above IPO Price
BXDC ended its first week at $20.10, above the $20 IPO price, after opening below it. The Blackstone-backed REIT raised $1.75 billion for data centers but has no assets yet.
Tonix Pharma Surges on Promising Lyme Antibody Data; Phase 2 Trial Eyed for 2027
Tonix Pharmaceuticals shares rose after new Phase 1 modeling data for its Lyme antibody TNX-4800 showed six-month protection with two doses. A Phase 2 trial is targeted for 2027.
Aurora Innovation's Autonomous Trucking Ambitions Face Real-World Test with Volvo-DSV Texas Launch
Volvo and DSV launch commercial autonomous freight on the Dallas-Houston route using Aurora's self-driving tech. Aurora reports $1M Q1 revenue and $223M net loss, targeting 200+ driverless trucks by 2026.
Blackstone's $1.75B Data Center Trust Debuts Flat, Testing AI Infrastructure Demand
Blackstone Digital Infrastructure Trust (BXDC) debuted flat on NYSE at $20, raising $1.75B for AI data centers. The blind pool trust has no assets yet, betting on Blackstone's dealmaking.
Aurora Surges 15% as Volvo and DSV Launch Autonomous Trucking Service in Texas
Aurora Innovation stock surged 15% after Volvo and DSV launched commercial autonomous trucking in Texas. The company aims to deploy over 200 driverless trucks by year-end.
Rocket Lab Shares Surge to All-Time High as Neutron Rocket Nears Critical Milestones
Rocket Lab shares closed at a record high after Q1 revenue jumped 63.5% to $200.3M, fueled by Neutron rocket orders and defense contracts. The stock has rallied over 40% in two sessions.
Commodities Rally Despite Headwinds: Cotton, Soybeans, Corn, and Wheat Gain
Cotton, soybeans, corn, and wheat futures all posted gains on Monday, defying negative oil and dollar moves, supported by robust crop progress and export demand.
Archer Aviation Faces Pivotal Earnings After UAE Certification Milestone
Archer Aviation's Midnight enters UAE Restricted Type Certificate program, a key step toward limited service in Abu Dhabi. Q1 results due Monday after market close.
Plug Power Faces Pivotal Q1 Earnings After Margin Milestone
Plug Power reports Q1 earnings May 11 after its first positive gross margin in Q4. Investors focus on revenue growth, cash burn, and cost-cutting progress.
Chip Sector Surge Fuels AI Rally; ETFs and Eaton in Focus
Chip stocks rallied nearly 5%, lifting AI ETFs and pushing S&P 500 and Nasdaq to record highs. Nvidia, Micron, Sandisk surged; Eaton posted strong Q1 sales.
Eaton Stock Rebounds on AI Data Center Demand, Margin Concerns Linger
Eaton stock rebounded 1.3% to $404.44 after a 5.3% drop, as record Q1 sales and a 240% surge in data-center orders offset margin worries.
IPG Photonics Shares Sink 29% on Tariff Margin Warning Despite Sales Beat
IPG Photonics shares fell 29% to $87.38 after Q1 revenue topped forecasts but earnings missed, while tariff warnings signaled continued margin compression.
Eaton Shares Dip on Margin Pressure Despite Record Q1 Sales and AI Boom
Eaton shares fell ~2% as record Q1 sales of $7.5B were overshadowed by margin compression and a profit outlook that fell short of estimates. AI data-center demand surged, but investors focused on costs.
Shopify Shares Dip Despite $100B GMV Milestone; AI Costs Weigh
Shopify shares slid nearly 7% as Q1 operating income of $382M fell short of the $420M consensus, even as revenue jumped 34% and GMV surpassed $100 billion.
Sivers Semiconductors Surges 47% on Nasdaq Dual-Listing Progress and AI Photonics Bet
Sivers Semiconductors shares surged 47% to SEK 55.95, extending 2024 gains past 1,200%, as the company progresses toward a Nasdaq New York dual listing and a SEK 125 million share issue.
IREN Shares Surge 10% on Sweetwater 1 Data Center Power Milestone
IREN Ltd shares rose more than 10% Monday after the company announced its Sweetwater 1 data center in Texas was energized and connected to the ERCOT grid, a key milestone ahead of its fiscal third-quarter earnings.
Uber Stock Holds BofA Buy Rating Ahead of Q1 Results; Robotaxi Strategy Nears Key Milestone
BofA Securities reaffirms its Buy rating on Uber Technologies (UBER) with a $103 price target, citing robust booking trends and autonomous vehicle progress ahead of Q1 earnings.
Eaton's Q1 Earnings Test: AI Data Center Demand Under Microscope
Eaton reports Q1 results Tuesday, with Wall Street watching AI data center orders, margins, and the Boyd Thermal acquisition for signs of sustained growth.
Eaton Shares Retreat from 52-Week Peak Ahead of Key Q1 Report
Eaton shares pulled back from a fresh 52-week high as the market braces for first-quarter earnings, with AI data-center demand in the spotlight.
Eaton Stock Pauses After Record High, Q1 Earnings in Focus
Eaton shares slipped 1.5% after a record high, with Q1 earnings due May 5 expected to test AI-driven data-center demand and margin growth.
Blackstone Launches AI Unit N1, Consolidating OpenAI and Anthropic Stakes
Blackstone Inc. launches Blackstone N1, a new AI-focused unit consolidating investments in OpenAI and Anthropic, while its $80 billion credit fund faces slowing inflows and rising redemptions.