Bitcoin (BTC) miners just got a fresh yardstick for their AI ambitions, and one analyst said it shows how cheaply the market is pricing them.Digital Realty Trust (DLR) has agreed to purchase three fully leased AI data centers in Northern Virginia from Blackstone (BX) for $3.5 billion, a deal that V…
Wedbush’s Global Head of Tech Research, Dan Ives, said Tuesday that the upcoming earnings will be a “huge validation moment” for big tech, adding that he expects the Magnificent Seven (MAG 7) stocks to significantly outperform in the second half of the year.Ives said AI investments by companies lik…
Shares of AeroVironment Inc. (AVAV) skyrocketed on Tuesday after the company reported better-than-expected fourth-quarter (Q4) results. AeroVironment shares were on track for their best single-day gains in more than two years.However, Wall Street is not happy, with analysts at UBS trimming their pr…
Shares of Vistagen (VTGN) crashed on Tuesday after the company said its anxiety therapy, Fasedienol, did not meet key goals in a late-stage trial.At the time of writing, VTGN was down more than 71% and on track to hit a record low.Findings From VTGN’s PALISADE-4 Phase 3 TrialThe company said that F…
Redwire Corp (RDW) drew investor attention on Tuesday after the aerospace and defense company announced it had won a contract to supply its Penguin drone to the Taiwanese Coast Guard to support its maritime security and defense planning.Redwire said that the contract was ordered by Taiwan Color Opt…
Bitcoin (BTC) slipped below $59,000 on Tuesday. The question hanging over the market is: Are we seeing the bottom forming, or just a pause before the next drop? Analysts are divided, and the disagreement is simply two ways of reading the same selloff.On-chain analyst Axel Adler Jr. said that the lo…
Shares of Unicycive Therapeutics (UNCY) crashed more than 45% on Tuesday following a regulatory setback for its kidney disease drug candidate, which is set to delay its approval.UNCY shares recorded their biggest ever single-day decline. The stock also cracked below the crucial 200-day moving avera…
Apollo Global Management’s Chief Economist, Torsten Slok, on Tuesday warned that AI valuations could face a “painful repricing” if companies outside the technology sector take much longer than investors expect to realize meaningful returns on their AI investments.Slok argued that the current market…
Shares of Enphase Energy (ENPH) and SolarEdge (SEDG) climbed on Tuesday after a media report said the Trump administration is planning to ban imports of foreign inverters, citing concerns that China could disrupt power supplies by interfering with energy infrastructure that uses them.At the time of…
Shares of AEVEX Corp. (AVEX) surged over 10% premarket on Tuesday after the company announced that it has received a $50 million contract from the U.S. Air Force to expand unmanned mission-support capabilities for ongoing operations.The contract includes $27 million in initial funding, AEVEX said.A…
ARK Invest extended its buying spree in crypto-linked equities, adding Coinbase, Circle and Bullish while cutting Alibaba and Baidu, as Cathie Wood continues to position for U.S. crypto policy tailwinds.Cathie Wood Doubles Down On CryptoAccording to the firm's daily trade disclosures, the purchases…
South Korean memory chip maker SK Hynix has filed a registration statement with the Securities and Exchange Commission for a public offering of American Depositary Shares, marking a major step toward listing on the Nasdaq Global Select Market under the ticker symbol “SKHY.”According to an SEC filin…
Michael Burry believes the most important investing lesson of his career didn't come from predicting the housing crash; it came years earlier, after watching one of Silicon Valley's biggest technology giants fade during the dot-com era.Long before founding Scion Capital, Burry learned a lesson that…
Shares of Eos Energy (EOSE) slipped in early premarket trade on Tuesday after the company said it plans to raise funds for its recently announced investment in Frontier Power USA via a registered direct offering.At the time of writing, EOSE stock was down more than 6% and was among the top ten tren…
Shares of Oklo Inc (OKLO) drew premarket investor attention on Tuesday after the company announced it had acquired Creative Engineers Inc (CEI), marking its second acquisition of the year as it continues to build in-house engineering capabilities ahead of the commercial deployment of its Aurora pow…
Pagaya Technologies (PGY) offers an attractive ‘catch-up’ opportunity, according to B. Riley, which said the fintech stock’s steep valuation discount to peers leaves ample room for a strong rebound.PGY shares, which have gained in the past four sessions, were trading around 3% higher in pre-market…
Shares of Strategy (MSTR) fell nearly 3% in early trade on Tuesday after surging over 12% in the previous session, as investors weighed the Bitcoin (BTC) treasury company’s sweeping capital overhaul against concerns that it could mark a shift in Executive Chairman Michael Saylor’s long-standing “ne…
Jeremy Siegel, professor emeritus of finance at the University of Pennsylvania’s Wharton School of Business, on Tuesday said on Tuesday that the recent shift away from the Magnificent Seven stocks isn't a warning sign for investors.In his latest weekly commentary, Siegel argued that investors are i…
Morningstar cheered Comcast’s (CMCSA) announcement to separate its media and technology businesses, as it believes this will unlock maximum value for both to be public entities.The firm said in a recent note that separating them will allow each to attract suitors, pursue asset sales, and make strik…
As Congress moves closer to establishing a regulatory framework for digital assets, JPMorgan executives are urging lawmakers not to confuse regulatory clarity with financial stability. In a policy post published Monday, senior executives at the bank warned that yield-bearing stablecoins offering ba…