Stock Update
Archer’s stock tanks after a rumored partnership with Tesla never came to pass
Angry investors call out ‘misleading’ promotion from Archer Aviation (ACHR)
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Netflix faces PR backlash as 'cancel Netflix' searches break Google
As Elon Musk calls for a boycott, Google searches to “cancel Netflix” hit record highs, but with the streamer no longer reporting subscriber counts, the real impact may remain hidden
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“Freight recession shows no end in sight” — Truck sales collapse as economy sends mixed signals
Heavy truck sales have plunged to recessionary levels even as U.S. GDP growth accelerates, exposing a widening divide between freight and the broader economy
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Desperate home sellers slash prices at near record pace as buyers stay away
Despite easing mortgage rates, one in six U.S. home sellers cut their asking price in August, the highest level for any August on record
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Qualcomm’s expansion beyond smartphones continues with Arduino acquisition
Qualcomm announced that it has acquired Arduino, a nonprofit Italian open-source hardware and software platform that includes a community of more than 33 million developers
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AST SpaceMobile gets downgraded with a Sell as analyst warns of ‘painful corrections’
AST SpaceMobile’s (ASTS) stock has been on a tear this year, soaring 254% on hopes its satellites will connect cell phones directly to broadband.
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CoreWeave acquires UK startup Monolith to service industrial and manufacturing enterprises
On a day when it seemed as though all of Wall Street was buzzing about the multibillion partnership between OpenAI and AMD (AMD), AI hyperscaler CoreWeave (CRWV) also announced a deal
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Galaxy Digital’s new investor app puts it in competition with Robinhood
After having built its name in the institutional crypto space, this is Galaxy’s (GLXY) first move into consumer finance
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Nuclear stocks continue to soar but experts are now urging caution
The booming investor appetite for nuclear energy stocks is perhaps best reflected in the meteoric rise of shares in small modular reactor (SMR) startup Oklo, Inc. (OKLO).
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OpenAI’s $6.6 billion employee windfall could shake San Francisco’s housing market
A $500 billion valuation and massive secondary share sales have handed OpenAI’s workers enough liquidity to buy every home sold in San Francisco last year
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Rupee’s day of reckoning: Trade war, outflows push currency to the brink
Trade deficits, foreign outflows, and Trump’s tariffs converge to test RBI’s restraint
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Does Nvidia owe most of its success to ChatGPT?
Nvidia’s exponential revenue growth didn’t happen by accident. It exploded only after ChatGPT sparked a global race to build AI infrastructure.
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DoorDash gets into the robotic delivery game with the launch of Dot
DoorDash will initially offer the services in Tempe and Mesa, Arizona before expanding the commercial deployment into other US markets.
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Rigetti stock hits record highs after securing first quantum orders worth $5.7M
Who says quantum computing is still years away from being a commercially viable industry? Not Rigetti
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Rumble stock: The right-wing video platform bets big on AI
After pivoting to crypto earlier this year, right-wing video-sharing and cloud-service platform Rumble (RUM) has now pivoted to artificial intelligence.
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Plug Power stock soars after landing its largest global hydrogen project
The company announced that it had delivered its first 10-megawatt (MW) GenEco electrolyzer array to Galp, which is the leading integrated energy company in Portugal
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The Trade Desk faces ad biz competition from an unlikely source
The Trade Desk's (TTD) new AI-powered third-party solution is a blessing and a curse
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Rivian cuts delivery forecast and analyst flags ‘highly concerning’ cash burn
Tesla's fall means Rivian is facing an even more daunting challenge to win over consumers
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