Lucid stock cratered 50% before staging a dramatic intraday reversal, but with a 31% Polymarket bankruptcy probability still lingering after the denial, traders are left wondering whether Wednesday's relief rally is a genuine turning point or just a dead cat bounce.
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Skittish investors pushed Elevance shares down, as they focused on worries about its Medicaid business. CEO Gail Boudreaux said the insurer’s Medicaid results were roughly what it expected, but the company is leaving the District of Columbia’s Medicaid market and plans to exit others over the next year to 18 months.
Shares closed just $1 above the IPO price as Wall Street remains broadly bullish despite continued selling pressure.
Billion-Dollar AI Deal Can't Save Nebius Stock as Meta Threat Looms
OpenAI still plans a year-end device reveal, but Apple's lawsuit, ecosystem strength and rising component costs may complicate its hardware push.
Wells Fargo raised its Tesla stock target to $130 yet kept a sell, as record deliveries meet shrinking profit and a lofty valuation.
AMC cuts borrowing costs, extends a key debt maturity to 2031 and converts notes to equity, opening room for further interest savings.
NANO Nuclear Energy's microreactor prospects and low valuation support upside, but execution and regulatory risks loom.
Circle Internet Group has been under pressure, with the stock down 67.6% over the past year, and the current valuation checks point to a company that does not screen as a clear bargain despite recent regulatory wins and business developments. Over the last 12 months, Circle Internet Group shares have fallen 67.6%. This sets the bar low for any case that the current price already reflects the risks. Regulatory approvals such as the OCC trust bank charter and MiCA compliance can support...
The judge ruled that federal law protects Apple from claims tied to content uploaded by users.
Memory stocks are pulling back sharply Wednesday morning as traders lock in gains after a parabolic run. SK Hynix‘s (NASDAQ:SKHY) U.S.-listed ADR is down 5% to $184.50 in early trading, giving back a chunk of yesterday’s 27% surge to $193.92. The reversal is rippling through the group. Micron Technology (NASDAQ:MU) shares are off 3% to ... SK Hynix Drops 5%, SanDisk Slides 6%, Western Digital Slips 4% as Traders Take Profits in Memory Stocks
The denial of a delay is notable. Any credible delay in Vera Rubin's ramp would sharpen competitive pressure from AMD's advancing MI350 and MI400 roadmap, making the CEO's on-record rebuttal particularly consequential for investors who have priced Nvidia's product cycle into its elevated valuation.
Nebius said it has already signed initial agreements under the new structure and expects to generate revenue through licensing, commissions, revenue-sharing, and committed-capacity contracts.
Two bombshell reports from the Times and the Wall Street Journal suggest the American auto industry is running out of time, yet the real threat to Ford may not be Chinese EVs at all.
Crypto treasury firm Strategy (NASDAQ: $MSTR) says it should remain “very secure” unless Bitcoin’...
An EV blog reported Lucid was weighing Chapter 11 or going private on the advice of AlixPartners — Lucid called the claims false
The S&P 500 hasn't notched a new high since early June.
Gold was steady early on Wednesday as the dollar and treasury yields fell after the US reported an u
General Motors (NYSE:GM) is losing U.S. market share in the growing hybrid vehicle segment due to limited fuel-efficient offerings. Toyota is on track to overtake GM as the top-selling U.S. automaker by year-end, marking a potential shift in industry leadership. GM now plans to reintroduce plug-in hybrids in North America by 2027 after previously stepping away from this market. General Motors sits at the center of a major reshuffle in the U.S. auto industry as hybrid vehicle sales gain...
July 15 () - Shares of Celcuity fell about 8% in premarket trading on Wednesday, as the delayed commercial launch of its newly approved breast cancer drug and treatment-tolerability concerns overshadowed the company's first U. Food and Drug Administration on Tuesday approved gedatolisib, branded as Revtorpyk, for certain patients with advanced breast cancer whose tumors do not carry a PIK3CA mutation.
Fiscal AI has polled the consensus earnings estimate at $4.24 per share and revenue of $86.66 billion for Microsoft’s fourth quarter.
If you want to know the tech sector's priorities, follow the money.
Shares of Apple (NASDAQ:AAPL) were stopped in their tracks when KeyBanc’s Brandon Nispel issued a downgrade to underweight from equal weight, citing valuation concerns. Indeed, it’s been quite a run for shares of Apple in recent months. They’ve quietly become a Mag Seven top performer of sorts. But before you take profits over Nispel’s sell-equivalent ... Cramer Pushes Back on Apple’s Sell Call — Here’s Why Investors Should Care
The firm’s Ethereum ETF plans to stake 50%-80% of its ETH holdings, with staking rewards distributed to shareholders.
VCI Global (NASDAQ:VCIG) reported a net loss for fiscal 2025 as restructuring costs and higher operating expenses offset growth in its technology and fintech businesses. Revenue declines as consulting business is spun offThe Kuala Lumpur-based company posted a net loss of 30.
The South Korean memory chip maker’s shares are on course to give up some of their recent gains as investors lock in profit.
SpaceX stock is dangerously close to breaking its $135 IPO price. SpaceX is set to test its huge, fully-reusable Starship for the thirteenth time. Starship promises to dramatically lower the cost of reaching space while dramatically increasing SpaceX’s capacity to put things into orbit.
IBM warns AI infrastructure spending is reshaping enterprise tech budgets, triggering a historic stock selloff and raising questions about software demand.