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AST SpaceMobile ASTS shares rose more than 4% on Tuesday after the company outlined the launch timeline for its next batch of BlueBird satellites and disclosed plans to expand into Japan through a joint venture with Rakuten Group. The stock’s gains came after recent weakness across the space sector, which has been under pressure following… Continue reading AST SpaceMobile stock rises as BlueBird launch, Rakuten JV plans emerge

A broader semiconductor sell-off is weighing on Cerebras Systems (CBRS) shares as the company warms up to report its quarterly earnings later today (after market close). While the Nasdaq-listed firm is widely regarded as “The Nvidia Challenger”, options traders aren’t entirely convinced that the Q1 print will help it reclaim some of its year-to-date losses… Continue reading Cerebras stock: options pricing suggests Q1 earnings won’t salvage it

Backblaze shares BLZE surged in trading on Tuesday after the company announced a $335 million, five-year storage agreement with AI-focused cloud provider CoreWeave. The deal underscores rising demand for large-scale data infrastructure tied to artificial intelligence workloads. The stock rose as much as 31% in the session, after the company said it will provide large-scale… Continue reading Backblaze jumps 30% on $335M CoreWeave AI storage deal

Infleqtion (INFQ) shares are ripping higher, defying a broader tech rout that’s hurting the likes of Intel, SanDisk, Micron, AMD, and even Nvidia this morning (Jun. 23). The INFQ rally on Tuesday is being driven by a perfect storm of landmark federal policy updates and a massive new strategic initiative launched by the company. Despite… Continue reading What’s helping Infleqtion stock defy a broader tech rout today?

The tech sector is experiencing a sharp global sell-off today, dragging down chipmakers like Intel, AMD, Micron, and even the artificial intelligence (AI) darling – Nvidia. What’s driving this weakness is a combination of a global market contagion (KOSPI crashed over 10% prompting a trading halt), resurgent fears of the US rate hike, and a… Continue reading Fund manager names 3 non-AI stocks to own as Intel, AMD sink amid broader tech rout

Tesla shares fell sharply on Tuesday after US regulators opened an investigation into a fatal crash in Texas involving one of the company’s vehicles, adding fresh scrutiny to the automaker’s driver-assistance technology. The stock dropped about 5% in early trading as investors weighed the implications of the investigation against an already challenging backdrop for technology… Continue reading Tesla stock is sliding over 5% today: here’s why

AMC Entertainment Holdings shares fell sharply on Tuesday after the cinema operator announced a $200 million registered direct offering of common stock, triggering investor concerns over dilution. The stock dropped 27% in trading as markets reacted to the issuance of more than 95 million new shares to institutional investors. The move comes at a price… Continue reading AMC stock sinks 27% after $200M share offering sparks dilution fears