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WOK News30 articles
Work Medical Stock Skyrockets 206% on AI BioToken Pact, Then Plunges
WORK Medical Technology Group shares tripled on an AI partnership with Shanghai Novabioplus, then plunged 48% in premarket. The deal targets protein modeling and BioTokens but lacks financial details.
Freshworks Shares Surge on Heavy Volume, Spotlighting Buyback Potential
Freshworks shares surged 3.6% on Monday with volume nearly three times the average, reviving focus on its buyback plan as the stock remains well off its 52-week high.
Palo Alto Networks Surges $8.7B as Cybersecurity Strength Defies Tech Selloff
Palo Alto Networks rose 3.7% to $304.20, adding $8.7 billion in market cap, as its IBM partnership and solid earnings helped it buck a 4.6% weekly Nasdaq drop.
Freshworks Shares Surge on AI Growth and Buyback Momentum
Freshworks (NASDAQ: FRSH) surged 5.1% to $9.64 on heavy volume, as CEO Dennis Woodside outlined AI customer growth and a path to GAAP profitability by H2 2026.
Freshworks Sees Heavy Trading Amid Index Changes, Cash Strength
Freshworks stock saw massive trading volume ahead of Russell index changes, with cash holdings making up about 30% of its market value. Analysts maintain a median price target of $11.
Freshworks Shares Surge on Heavy Volume Ahead of Russell Index Rebalance
Freshworks rallied 1.96% to $9.37 on volume equal to 17% of its float, just before the June 26 Russell rebalance. The stock is still down 23.5% YTD as cost cuts continue.
Sunrun Surges on Tesla, Renew Home Virtual Power Plant Framework
Sunrun shares soared 29.3% after announcing a framework with Tesla and Renew Home to pool home batteries and smart devices into over 16 GW of flexible capacity for data centers and utilities.
Nokia Shares Surge on AI Network Automation Deals with Cloud Giants
Nokia shares surged up to 3.6% after unveiling AI-powered autonomous network releases with Google Cloud, AWS, and Databricks, driving automation above 90% and productivity gains of 60-80%.
Marvell Technology Joins S&P 500 Amid AI Networking Surge, Trading at 106x Earnings
Marvell Technology (MRVL) joins the S&P 500, closing up 7.27% at $310.58, as AI networking demand and index inclusion fuel a valuation re-rating to 106x trailing earnings.
AT&T Shares Slide Amid California Regulatory Clash Over Copper Network Phase-Out
AT&T shares dropped 5.5% to $22.01 this week as California regulators intensify opposition to the company's plan to phase out legacy copper-wire phone service, raising concerns over cost savings and future cash flow.
Marvell Technology Surges on AI Networking Demand and S&P 500 Inclusion
Marvell Technology shares jumped 7.27% to $310.58 following a KeyBanc price target increase and a Tower Semiconductor photonics milestone, with the upcoming S&P 500 inclusion driving investor interest.
Butterfly Network Surges 56% on Midjourney Scanner Deal, Licensing Potential in Focus
Butterfly Network shares jumped 55.9% to $8.90 after Midjourney revealed a full-body scanner prototype using 40 of Butterfly's Ultrasound-on-Chip modules, spotlighting a five-year licensing deal.
Butterfly Network Surges on Midjourney Scanner Deal and Chip Licensing Pact
Butterfly Network shares jumped over 50% after Midjourney announced a full-body scanner using Butterfly's ultrasound chips, spotlighting a five-year licensing deal worth up to $74 million.
Rackspace Stock Surges on AMD AI Deal and Workforce Restructuring
Rackspace Technology shares surged 33.8% to $8.31 after finalizing an AMD AI compute deal for 30 MW of capacity and cutting 15% of its global workforce to refocus on enterprise AI.
Lunai Bioworks Shares Surge on Nasdaq Compliance Filing
Lunai Bioworks shares surged 80.88% after hours to $5.15 after Nasdaq confirmed compliance with the $1 minimum bid-price rule, averting delisting risk, though the company remains under a one-year panel monitor and has expressed substantial doubt about its ability to continue operations.
Nokia Rises on AI Network Expansion Plans; Optical Demand in Focus
Nokia Oyj shares rose 1.17% to €12.15 in Helsinki after unveiling major AI-focused network expansions, including a U.S. photonic-chip packaging facility and a subsea cable upgrade in Southeast Asia.
Allegiant Air Cuts 61 Routes in Major Summer Network Overhaul
Allegiant Air is slashing 61 routes from its July 2026 schedule versus July 2025, leading to a net reduction of 12 routes despite new additions, with smaller airports hit hardest.
AmEx to Acquire TheFork from TripAdvisor for $700M, Expanding Dining Network
American Express will acquire TheFork from TripAdvisor for $700 million in cash, expanding its dining network to 75,000 bookable venues and allowing TripAdvisor to focus on its Experiences segment.
Meta Admits AI Workforce Overhaul Missteps, Hikes 2026 CapEx to $145B
Meta CEO Mark Zuckerberg admits mistakes in the company's swift AI workforce overhaul, as capital expenditure guidance for 2026 rises to $125-$145 billion, reflecting higher component prices and data center investments.
Emirates A380 Network Expands to 48 Cities in July After June Reductions
Emirates will operate the A380 to 48 cities in July, up from 44 in June, after the Iran conflict forced deep schedule cuts. The airline restores superjumbo service on several key routes but keeps some on Boeing 777s.
Airgas Ordered to Reinstate 24 Ferndale Workers with Full Back Pay
An arbitrator ordered Airgas to reinstate 24 Ferndale workers with full back pay and benefits, ending a nearly year-long labor dispute.
Nokia Stock Surges on AI Optical Network Growth Prospects
Nokia's ADR rose 5% to $14.80 on JPMorgan's bullish note, highlighting AI-driven optical network demand. Q2 results on July 23 will test if orders translate into revenue.
Nokia Shares Surge on AI Network Platform Launch
Nokia shares surged over 6% in Helsinki and 5% in New York after introducing an agentic AI framework for its Network Services Platform, highlighting AI and cloud growth.
Freshworks Holds Steady as AI Restructuring Test Looms in Q2
Freshworks shares held flat near $9.39 on heavy volume, as investors weigh AI restructuring costs and Freshservice focus ahead of Q2 results.
Palo Alto Networks Dips Despite Strong Forecast, AI Stocks in Focus
Palo Alto Networks shares slid 2.6% to $272.05 Friday despite raising annual revenue outlook and strong growth, as tech selloff pressures AI stocks.
Verizon Taps Deutsche Telekom Veteran to Lead Network, Tech Amid Retail Struggles
Verizon hires ex-Deutsche Telekom exec Abdu Mudesir to lead network and tech as CEO Dan Schulman pushes a turnaround. Retail wait times and customer satisfaction remain challenges.
Delta Expands Premium Lounge Network at LAX Ahead of 2028 Olympics
Delta Air Lines will launch a second Delta One Lounge at Los Angeles International Airport this summer, boosting premium capacity ahead of new long-haul and domestic routes and the 2028 Olympic Games.
Palo Alto Networks Dips Despite AI Security Revenue Surge
Palo Alto Networks shares slipped in premarket trading despite a 31% revenue increase to $3.0 billion and raised full-year guidance, as investors weigh whether AI-driven growth is already reflected in the stock price.
GitLab Surges on AI Growth Prospects and Workforce Reduction
GitLab shares jumped 7% in after-hours trading after beating sales estimates and raising its annual forecast, while announcing a 14% workforce reduction to focus on its AI-powered Duo Agent Platform.
Palo Alto Networks Surges on AI Security Demand, Lifts 2026 Forecast
Palo Alto Networks shares soared 7.4% in extended trading after raising its 2026 revenue and profit guidance, driven by a 31% revenue jump to $3.0 billion and robust AI security demand.