“The Big Short” investor Michael Burry on Tuesday said the semiconductor and AI-related stock rally has become extremely overvalued, similar to the dot-com bubble in 2000, and disclosed fresh short positions on Nvidia Corp., Applied Materials, Inc. and the iShares Semiconductor ETF (SOXX).Chip stoc…
Shares of Fuelcell Energy Inc. (FCEL) jumped nearly 21% at close on Tuesday and continued to edge higher after Bloom Energy Inc. (BE) announced an expanded partnership with Brookfield that increased funding by fivefold.The surge adds to the stock’s monster rally, with the stock recording its best q…
Nike, Inc.’s stock faced pressure overnight on Tuesday as the sportswear giant said it is working to overcome weaker demand in several of its key lifestyle categories even as the sneaker giant’s fiscal fourth-quarter (Q4) 2026 earnings beat Street expectations.NKE Acknowledges Ongoing Demand Challe…
Shares of Bloom Energy Corp. (BE) surged more than 10% at close on Tuesday and continued to climb by over 7% in the overnight session after it announced an expanded partnership with global investment firm Brookfield.The new partnership increases funding fivefold, from $5 billion to $25 billion, sin…
Shares of Rocket Lab (RKLB) slipped nearly 2% overnight late Tuesday after its latest Electron launch attempt for Japan’s QPS was called off on launch day, with the company saying that backup windows are available in the coming days.RKLB stock declined 29% in June, logging its worst month since Nov…
Anthropic on Tuesday said the U.S. government has lifted foreign access restrictions on its Mythos 5 and Fable 5 Claude AI models, clearing the way for their re-release and removing a key bottleneck as the company moves toward its initial public offering.“We’ve received notice that the Department o…
U.S. stock futures retreated in the overnight session late Tuesday after posting a strong quarter despite the war with Iran. The Dow posted its best first half since 2021, while the small-cap Russell 2000 posted its strongest H1 since 1991.Meanwhile, Federal Reserve Chairman Kevin Warsh is schedule…
Shares of AST SpaceMobile (ASTS) are eyeing a comeback after four straight weeks of losses, following a new filing confirming a Rakuten-led selection for the J-LEO project, keeping the spotlight on a satellite network push aimed at reducing reliance on foreign players such as Starlink.ASTS stock ro…
Michael Burry, the money manager made famous by “The Big Short”, has taken a bearish position in Tesla, Inc. (TSLA) ahead of its Q2 delivery print, even as Gary Black expects the company to top delivery estimates while staying on the sidelines over valuation concerns.In a new trading post late Tues…
INLIF (INLF), Brag House Holdings (TBH), and Shutterstock (SSTK), all small-cap stocks, posted double-digit losses in after-hours trading on Tuesday as investors digested new business developments as companies looked to enter the second half of the year with different restructuring strategies.INLF…
EV giant Tesla Inc (TSLA) has seemingly hired Gary Jiang, a nearly 18-year veteran of Intel’s semiconductor manufacturing operations, as Director of its ambitious Terafab chip fabrication project in Texas.TSLA stock closed 2% higher on Tuesday, clocking three straight days of gains.The New Terafab…
Shares of Abivax (ABVX) clocked their best day in about 11 months on Tuesday on the heels of multiple price target revisions and updated safety and efficacy data from a study that addressed prior investor worries about cancer risk tied to its ulcerative colitis candidate, obefazimod.ABVX stock clos…
Wedbush’s Global Head of Tech Research, Dan Ives, said the firm sees SpaceX (SPCX) as a potential artificial intelligence-driven infrastructure play with the ability to evolve into a major hyperscaler. The firm recently initiated coverage of the Elon Musk company with an ‘Outperform’ rating and a…
EchoStar’s (ECHO) satellite television unit, Dish DBS Corp., and several affiliates filed for prepackaged Chapter 11 bankruptcy protection on Tuesday to restructure their debt and finalize an exit from infrastructure-based 5G operations.The strategic financial filing follows unexpected transactiona…
U.S. stock indices ended higher on Tuesday, tracking gains in chipmaker stocks, while the Dow Jones ended its best first half in five years.The S&P 500 rose 0.8%, the Nasdaq 100 gained 1.7% and the Dow Jones rose 0.3%. The Russell 2000, which tracks stocks with small market capitalizations, rose 0…
Shares of Everpure Inc. (P) rose more than 10% in afternoon trading on Tuesday after a report said activist investor Jana Partners has built a new position in the technology company and is expected to disclose the holding in a regulatory filing.The P stock ended the session up 8.95%, before edging…
Shares of Unicycive Therapeutics Inc. (UNCY) clocked their worst day in over a year on Tuesday after the company announced that the U.S. Food and Drug Administration has again refused to approve its drug oxylanthanum carbonate (OLC), sparking mixed reactions from Wall Street.UNCY stock closed down…
Nike (NKE) share price dropped 2% after-hours as faltering sales in China overshadowed a fourth-quarter earnings and revenue beat.The Air Jordan maker’s gross margin increased by 8.9% during the quarter, which the company attributed to an expected tariff refund of nearly $986 million following the…
Xbox, the gaming unit of Microsoft Corp (MSFT), has reportedly pulled out of a deal to fund and publish IO Interactive’s upcoming game Project Fantasy, as it reportedly re-evaluates its investment decisions. IO Interactive said it will continue developing the game but will now need to find other fu…
Intuitive Machines (LUNR) and Firefly Aerospace (FLY) saw their shares gain 2% and 1%, respectively, on Tuesday after the National Aeronautics and Space Administration (NASA) awarded the space companies lunar lander contracts for the Artemis moon base project.The lunar lander contracts include $144…