Shares of Sable Offshore (SOC) surged 35% on Wednesday, snapping an eight-session losing streak, after the oil company priced its offering of 32.47 million shares at $3.08 each, matching the stock’s closing price on Tuesday.SOC stock has seen a brutal sell-off lately, shedding nearly 70% of its val…
Meta Platforms Inc. (META) has reportedly appointed Chief Marketing Officer (CMO) Alex Schultz as its new Chief Data Officer while promoting Vice President of Consumer Marketing and Growth Denise Moreno to CMO. The leadership changes highlight the growing importance of analytics and data infrastruc…
Shares of CoreWeave Inc. (CRWV) were in the spotlight on Wednesday after Bernstein noted that it could only be a matter of time before hyperscalers compete with the company amidst a report that Meta (META) is planning to monetize its massive AI infrastructure through an externally facing cloud comp…
Shares of Guardant Health (GH) surged on Wednesday after top U.S. health insurer UnitedHealth (UNH) disclosed that the company’s cancer testing product will be eligible for coverage.At the time of writing, GH stock was up nearly 10% and on track to hit over five-year highs if session gains hold.UNH…
Bitcoin (BTC) has seen a rash of bearish signs this week, with analysts pointing to record ETF outflows, a weakening Elliott Wave count, a large drop in capital efficiency, and a chart comparison to the 2018 cycle bottom, even as one of the same voices argued the cryptocurrency’s longer-term bull c…
Shares of Bending Spoons (BSP) rose 11% on their Nasdaq debut on Wednesday, after the owner of AOL and Vimeo raised $1.68 billion through the initial public offering.As of this writing, Bending Spoons shares traded at $32 per share, compared with its offer price of $29 per share.Bending Spoons pric…
Walmart (WMT) share price dropped 5% on Wednesday to its lowest level in nearly eight months after U.S.-based research firm Cleveland Research flagged slowing comparable sales, posing a potential risk to consensus estimates.According to Cleveland Research, Walmart's U.S. comparable sales "appear to…
Shares of General Motors (GM) slipped by about 1% on Wednesday after the company reported U.S. vehicle deliveries of 714,896 units in the second quarter of 2026, down 4.2% from 746,588 units a year ago, owing to a steep dive in electric vehicle sales and other discontinued vehicles.GM stock is now…
Gary Black, managing director of The Future Fund, said that Tesla’s (TSLA) recent rally is driven more by expectations for stronger EV sales than by renewed enthusiasm for its Full Self-Driving (FSD) technology or AI.“Tesla and Rivian both rising into second-quarter deliveries tomorrow, throwing co…
American Bitcoin Corp. (ABTC) announced on Wednesday that the firm's planned 1-for-15 reverse stock split would take effect after the market closes on Thursday, a move aimed at lifting its share price enough to keep its Nasdaq (NDAQ) listing.Under the split, every 15 shares of the company's Class A…
Chip stocks fell on the first day of the second half of 2026, with shares of Micron Technology Inc. (MU), Intel Corp. (INTC), Advanced Micro Devices Inc. (AMD), and other semiconductor stocks plummeting between 3% and 9% in Wednesday morning’s trade.The VanEck Semiconductor ETF (SMH), which rose ne…
Ride-hailing giant Uber Technologies (UBER) has reportedly dismissed two senior executives in the company’s newly set-up AI data labeling business, according to a Wednesday report from Bloomberg.At the time of writing, UBER stock was up 1.5% in early open-market trading.Broader Leadership Transitio…
Wall Street analysts lowered their price targets on Strategy (MSTR) in quick succession on Wednesday, citing Bitcoin's (BTC) slide rather than any deterioration in the company itself, while keeping their bullish ratings intact.Citi, BTIG and Canaccord all trimmed their targets on the Michael Saylor…
Shares of Meta Platforms (META) jumped more than 10% in early trading on Wednesday after a report said the company is preparing to enter the AI cloud infrastructure market, aiming to challenge the likes of Amazon (AMZN) and Microsoft (MSFT) by selling AI computing power and access to models.META sh…
U.S. automaker General Motors (GM) secured a long-term supply of chips for its vehicles under an expanded collaboration agreement with chipmaker Micron Technology (MU). The agreement comes in the backdrop of a widespread shortage of semiconductor components driven by artificial intelligence infrast…
Abivax (ABVX) on Wednesday announced the pricing of its previously announced underwritten public offering of 6.4 million American Depositary Shares (ADSs) at an offering price of $125 apiece.The size of the offering was increased to $800 million from the previously announced $600 million, Abivax sa…
Federal Reserve Chair Kevin Warsh on Wednesday downplayed concerns that artificial intelligence will lead to job losses, saying he is not an AI doomer or pessimist.During an interview at the ECB Forum on Central Banking in Sintra, Portugal, Warsh said he believes the number of jobs created by AI wi…
Shares of 707 Cayman Holdings Limited (JEM) soared more than 100% in early morning trade on Wednesday after its board approved a plan to explore a digital platform that would use artificial intelligence, blockchain traceability, and crypto payment technology to transform the Hong Kong-based apparel…
Palantir Technologies Inc. (PLTR) CEO Alex Karp on Wednesday touted the company’s latest partnership with Nvidia Corp. (NVDA) to deliver secure AI offerings to U.S. government agencies, enterprises, and allies worldwide.During an interview with CNBC, Karp argued that the frontier AI model developer…
Shares of Can-Fite BioPharma (CANF) surged on Wednesday after the company announced positive early-stage study results for its treatment targeting pancreatic tumors.At the time of writing, CANF shares were up more than 50%, reaching their highest level in nearly three months.Can-Fite’s Study Result…