Intuitive Machines Inc. LUNR shares rallied sharply on Friday after multiple Wall Street analysts shifted their focus from the company’s second-quarter earnings miss to its rapidly expanding order backlog, arguing that the long-term growth outlook remains intact. The stock climbed about 8.14% to $18.99 during Friday’s session after Stifel upgraded the lunar exploration company to
US stocks ended lower on Friday as investors locked in profits following a record-setting rally, while weaker-than-expected retail sales data and renewed pressure on semiconductor shares weighed on sentiment. The S&P 500 fell 0.2% to close at 7,785.76 after setting fresh record highs earlier in the week. The Nasdaq Composite also declined 0.3% to 26,729.16,
Workday (WDAY) shares closed meaningfully higher on Thursday following a Reuters report that the private equity giant Silver Lake is in discussions to acquire the cloud software provider. Talks between the two firms have reportedly taken place behind closed doors in recent months. The media report brought a much-needed reprieve to Workday stock that’s been
Bullish stock surged on Thursday after reporting stronger-than-expected second-quarter revenue on Thursday. Record subscription and services income helped offset weaker cryptocurrency trading activity, even as swings in the value of its digital asset holdings weighed on profitability. The Peter Thiel-backed crypto exchange posted adjusted revenue of $92.6 million, up 62% from a year earlier and
Intuitive Machines (LUNR) shares opened in the red this morning as a $14.7 million charge made the space exploration company come in shy of Q2 estimates. While LUNR posted a 4x year-on-year increase in its quarterly revenue to a record $206.2 million, and significantly expanded its backlog as well, the number fell notably short of
Micron Technology (MU) stock extended its rebound to a third straight session on Thursday, rising 6% to $966.01 after rising around 5% on Wednesday. The stock remains up more than 200% this year, although it is still down 20% from its late-June peak. Concerns over the sustainability of chip pricing contributed to the recent pullback,
Supermicro (SMCI) shares are extending gains as investors continue to cheer its Q4 earnings. Despite facing significant macro headwinds and a reputational hangover, the AI server specialist has mounted an aggressive recovery, currently up a remarkable 70% versus its recent low. The rally comes as the market digests SMCI’s staggering $60 billion in new AI
The latest major updates on US inflation have just come out, bang in line with consensus expectations. First off, on Wednesday the Headline CPI (Consumer Price Index) for July fell to 3.4% from 3.5%, while Core CPI (which excludes food and energy) edged down to 2.5% year-on-year, from 2.6% previously. The US dollar sold off
Netflix NFLX stock rose more than 4% on Thursday after billionaire investor Bill Ackman’s Pershing Square Capital Management disclosed a new stake in the streaming giant, marking a return to the company more than four years after exiting its previous investment at a loss. In its second-quarter shareholder letter, Pershing Square revealed it had acquired
SanDisk SNDK stock surged on Thursday after the memory chipmaker unveiled ambitious long-term financial targets and sought to reassure investors that demand for memory used in artificial intelligence infrastructure will remain strong through the end of the decade. Shares climbed around 15% after the company’s 2026 Investor Day, extending recent gains and making SanDisk one