Micron Shares Pull Back as AI Spending Concerns Spread
Micron stock declined amid broader investor anxiety about the durability of artificial intelligence capital spending.
News Archive
Every report the desk has filed, searchable by full text, topic, format, symbol and date range.
Core Scientific Shareholders' Rejection of $9 Billion Sale Revisited After AMD Deal
Core Scientific investors voted down a $9 billion acquisition; a subsequent agreement involving AMD has reopened debate over whether they were right.
Situational Awareness Puts $400 Million Into Chip Startup Source Foundry
The hedge fund, which has faced scrutiny in recent months, has committed $400 million to semiconductor startup Source Foundry.
Senate Advances Crypto Market Structure Bill Toward Floor Vote
Senate Majority Leader John Thune took a procedural step Saturday to move a major cryptocurrency regulation bill toward a vote.
Rocket Lab Heads Into Monday Night Earnings With Consensus at $232 Million
Analysts are looking for roughly $232 million in quarterly revenue and about 60% growth from Rocket Lab, which would mark a fifth consecutive quarterly revenue record. The stock rose 9% on Friday ahead of the report.
Darden Restaurants Insiders Sell Across Six Filings in One Week
A cluster of Form 4 filings shows Darden's CEO and several brand presidents exercising options and selling shares, with prices reported in the $208–$210 range as the stock trades near 52-week highs.
Atlassian shares jump more than 30% despite guiding growth lower
Atlassian stock rose more than 30% after the company guided next year's revenue growth down to 18%, with investors focusing on margin improvement rather than the slower top line.
Berkshire Hathaway ends 14-quarter run as a net seller of stocks
Berkshire Hathaway bought $23.5 billion of equities in the latest quarter, breaking a 14-quarter stretch as a net seller. Roughly $10 billion of that went into a single company at what was described as a privately negotiated price.
Procter & Gamble strikes $3.8 billion wellness acquisition
Procter & Gamble announced a $3.8 billion deal in the wellness category, disclosed alongside an outlook that points to higher costs.
Investors look to inflation data and Cisco, Super Micro results in the week ahead
Upcoming U.S. inflation figures and earnings from Cisco, Super Micro Computer, Rocket Lab and Tapestry are among the events on investors' calendars this week.
Senate skips procedural vote on Clarity Act this month
The crypto industry criticized the Senate's decision not to hold a procedural vote on the Clarity Act in the current session, though some in the sector argue the delay is preferable to a weaker bill.
Atlassian jumps more than 30% after guiding growth lower
Atlassian shares rose more than 30% after the company guided next fiscal year's revenue growth down to 18%, with investors focusing on improving margins rather than the slower top line.
Sandisk stock slides on outlook as memory names come under scrutiny
Sandisk shares fell after the company's forecast disappointed investors, even as the stock remains a large gainer over the past year. Commentary on Micron's 207% year-to-date run also flagged risk from slowing memory price gains.
AppLovin shares fall about 20% despite 53% revenue growth
AppLovin reported a 53% jump in revenue but its stock dropped roughly 20%, extending a decline that has cut the shares in half this year.
Lake Mead falls to lowest level on record
Lake Mead, the largest U.S. reservoir by storage capacity, has dropped to its lowest recorded level as a prolonged drought continues across the American West.
Seattle moves on first-of-its-kind ban on grocery 'surveillance pricing'
Seattle's mayor is advancing a proposal that would bar grocery retailers from setting prices using individual consumer data, a measure described as the first of its kind in the United States.
SharkNinja CEO sells nearly 600,000 shares in transaction valued above $100 million
Mark Barrocas, chief executive of SharkNinja, disclosed the sale of close to 600,000 shares worth more than $100 million, following a roughly 61% one-year gain in the stock.
Usana Health Sciences stock falls after second-quarter report
Usana Health Sciences shares dropped over the week after the direct-selling nutrition company's second-quarter results disappointed investors.
Gartner shares jump after quarterly results
Gartner stock rose sharply over the week following its latest quarterly report, which prompted investors to reassess the research and advisory firm.
Multiple Magnite insiders sold shares under pre-set plans as CTV revenue rose 36%
A cluster of Magnite insiders, including the chief executive, exercised options and sold stock on the same day under Rule 10b5-1 plans, following a quarter in which connected-TV revenue grew 36%. The company separately repurchased $28 million of its own shares.
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