Shares of Hut 8 surged over 20% after a report identified Nvidia as the anchor tenant for its Texas data center campus, a deal worth at least $19.6 billion that validates the company's pivot to AI infrastructure.
Macquarie Equity Research has issued an Outperform rating for Atlassian with a $130 price target, highlighting strong cloud and AI momentum ahead of its earnings report. The firm acknowledges near-term revenue headwinds from the company's Data Center product transition.
Shares of the IT services company fell sharply after it announced a major executive restructuring, including a new president, just hours before its quarterly financial results are due.
Shares of DXC Technology Co. fell sharply after the IT services company announced a significant leadership overhaul, including the appointment of a new president and a new head for its infrastructure services unit.
Shares of Micron Technology jumped after strong earnings from competitor Samsung Electronics validated the AI-driven memory demand, while Wall Street analysts significantly raised their price targets.
The Blackstone-backed sandwich chain priced its offering at $23 per share, raising approximately $1 billion, with investor orders reportedly exceeding the available shares by a factor of 15.
Shares of chipmakers Advanced Micro Devices and Micron Technology saw double-digit gains on Thursday, while healthcare firms like Alnylam Pharmaceuticals and Teladoc faced steep declines following corporate updates on earnings and guidance.
South Korea's KOSPI index, heavily weighted with giants like Samsung and SK Hynix, is increasingly viewed as a crucial indicator for the global memory chip market, with its movements often amplifying volatility in the sector's key stocks.
Options traders are anticipating a significant move in Maplebear Inc. (CART) shares following its earnings release on August 6, with data suggesting a potential 9.2% swing in either direction.
