Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
Shares of AXT, Inc. surged Monday, extending a recent run fueled by a new three-year supply agreement with Coherent Corp. for indium phosphide wafer substrates. The deal includes a $22.3 million prepayment to expand AXT's manufacturing capacity.
Expedia's stock price declined over 4% in morning trading as investors took profits following a recent 17% surge. The drop was compounded by a lack of fresh catalysts and a wider market downturn affecting the travel sector.
Waymo, a subsidiary of Alphabet, has launched its fully autonomous ride-hailing service in Las Vegas. The company also announced plans to expand its driverless operations to Denver, San Diego, and Tampa.
Shares of Strategy Inc. fell after the company disclosed its largest-ever Bitcoin sale to cover dividends, received a reduced analyst price target, and faced a broad market downturn.
Shares of Navitas Semiconductor declined on Tuesday after competitor Wolfspeed filed a lawsuit alleging patent infringement across a wide range of the company's core products. The legal challenge adds to existing pressures on the stock, including a broader market downturn and concerns over potential share dilution.
Shares of cybersecurity firm Palo Alto Networks fell on Wednesday, pressured by concerns over the stock's high valuation, recent insider selling, and a wider market sell-off triggered by geopolitical tensions.
Shares of insurance technology company Lemonade slid over 9% after Morgan Stanley lowered its rating on the stock, citing its rapid price appreciation over the past month. The move was reinforced by a maintained "Underperform" rating from Keefe, Bruyette & Woods.
Shares of data analytics company Palantir Technologies fell on Tuesday, pressured by a sector-wide downturn in artificial intelligence stocks, recent insider selling, and a general risk-off sentiment in the broader market.
Shares of Penguin Solutions surged after the AI infrastructure company reported record fiscal third-quarter results that significantly beat analyst expectations. The company also substantially raised its full-year financial guidance, citing strong demand in its AI-focused businesses.
