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TeraWulf Drops 8% Even as Analysts Raise Price Targets on $19B Anthropic Deal, IREN Falls 7%, Applied Digital Slides 6%
24/7 Wall St.86d agobearish
TeraWulf Drops 8% Even as Analysts Raise Price Targets on $19B Anthropic Deal, IREN Falls 7%, Applied Digital Slides 6%

Shares of TeraWulf (NASDAQ:WULF) are down 8% to $20.41 in Tuesday’s midday session, reversing yesterday’s rally on the Anthropic mega-deal. The drop lands in a broad AI-infrastructure pullback, with the NASDAQ 100 down 1.5% intraday. The move gives back most of the July 6 pop but leaves TeraWulf stock still up 78% year to date ... TeraWulf Drops 8% Even as Analysts Raise Price Targets on $19B Anthropic Deal, IREN Falls 7%, Applied Digital Slides 6%

Turing cuts Nvidia reliance, taps AMD for 10% of AI training
TheStreet86d agobearish
Turing cuts Nvidia reliance, taps AMD for 10% of AI training

AMD Ventures has taken a stake in Turing, a Japanese self-driving startup, and Turing has begun running part of its AI training on AMD chips instead of Nvidia’s. The deal itself is tiny. AMD hasn’t disclosed how much it invested, and Turing has never sold a car. Yet AMD shares jumped roughly 3% in ...

Bloomberg86d agobearish
Behind Xbox’s Big Layoffs, a Streaming Strategy That Failed

(Bloomberg) -- Microsoft Corp.’s Xbox spent nearly $80 billion in the last decade on deals that would give it popular video game titles like Call of Duty and Skyrim, betting that gamers would flock to its Netflix-like subscription service offering hundreds of options for endless play.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaTwo Millennium Trading Pods Made About $3.7 Billion Last MonthNasdaq 100 Falls 2% in Chip-Led Rout as Oil Climbs: Markets WrapM

SpaceX Falls 6% Despite Wave of Bullish Analyst Initiations, Rocket Lab Dives 10%, AST SpaceMobile Drops 6%, Virgin Galactic Declines 5%
24/7 Wall St.86d agobearish
SpaceX Falls 6% Despite Wave of Bullish Analyst Initiations, Rocket Lab Dives 10%, AST SpaceMobile Drops 6%, Virgin Galactic Declines 5%

Shares of SpaceX (NASDAQ:SPCX) are down 6% to $151 and change in midday trading Tuesday, an unusual response given the flood of bullish analyst initiations that hit the tape today and the company’s addition to the NASDAQ 100. The pullback appears to be dragging the broader space complex with it. AST SpaceMobile (NASDAQ:ASTS) stock is ... SpaceX Falls 6% Despite Wave of Bullish Analyst Initiations, Rocket Lab Dives 10%, AST SpaceMobile Drops 6%, Virgin Galactic Declines 5%

Rivian stock falls as EV maker launches 75M share public offering
Proactive86d agobearish
Rivian stock falls as EV maker launches 75M share public offering

Rivian Automotive Inc (NASDAQ:RIVN) shares declined on Tuesday after the electric vehicle maker announced a public offering of common stock aimed at raising capital for general corporate purposes. The company said it has commenced an underwritten public offering of 75 million shares of common...

Is Walmart (WMT) Fully Valued Following Its Broad Summer Price Cuts?
Simply Wall St.86d agobearish
Is Walmart (WMT) Fully Valued Following Its Broad Summer Price Cuts?

Walmart (WMT) has drawn fresh investor attention after announcing broad price cuts on beef, beverages, snacks, and other summer staples, a move President Donald Trump linked to his administration’s request for America’s 250th birthday. See our latest analysis for Walmart. Even with the latest price cuts grabbing headlines, Walmart’s 30 day share price return is down 6.92% and the 90 day share price return is down 9.67%, while the 1 year total shareholder return is 12.30%. This suggests that...

Microsoft (MSFT) Cuts Xbox Jobs, Is The AI Upside Already Priced In?
Simply Wall St.86d agobearish
Microsoft (MSFT) Cuts Xbox Jobs, Is The AI Upside Already Priced In?

Microsoft (MSFT) has moved aggressively to reset its cost base, announcing about 4,800 job cuts that fall heavily on Xbox and commercial teams while keeping capital pointed at AI and cloud growth priorities. See our latest analysis for Microsoft. Microsoft’s share price has been under pressure, with a 30 day share price return down 7.18% and year to date share price return down 18.23%, even as multi year total shareholder returns of 19.31% over three years and 45.31% over five years point to...

Dow Falls 200 Points. Nasdaq Down 1.4%.
Barrons.com86d agobearish
Dow Falls 200 Points. Nasdaq Down 1.4%.

The Dow is down 200 points, or 0.4%, following the Nasdaq and S&P 500 deeper into the red. Caterpillar stock was the worst-performing Dow component, down 5.6%. The construction equipment company, which has become an AI infrastructure play, dropped after announcing its acquisition of mining solutions company, Skycatch.