Nvidia stock (NVDA) fell again on Friday as a broader technology-sector selloff continued to pressure artificial intelligence stocks, leaving the chipmaker on track for its worst weekly performance in more than a year.The stock declined about 1.5% to $192.35 in early trading. If losses hold through the close, Nvidia would…
Shares of Quantum Cyber (NASDAQ: QUCY) surged 24% on Friday after the company announced that its board had approved pursuing the acquisition of an equity stake in SpaceX (NASDAQ: SPCX).The company said the proposed investment is driven by the strategic alignment between the two firms’ defense and communications capabilities.The company…
Netflix Inc. (NFLX) shares rose more than 5% on Friday, outperforming the broader market.Investors assessed the streaming giant’s growing investments in live sports programming and artificial intelligence initiatives as potential drivers of long-term growth and user engagement.The S&P 500 gained 0.3% while the Nasdaq Composite was up 0.06%. Investors appeared…
Sellas Life Sciences (SLS) shares are extending gains on Jun. 26 following a key regulatory filing that disclosed a series of comprehensive corporate amendments regarding executive compensation and protection.Specifically, the board restructured change-of-control and severance agreements for CEO Angelos Stergiou, CFO John Burns, and CDO Dragan Cicic.The marketplace is widely…
Around two weeks ago, Elon Musk’s SpaceX conglomerate went public. Everyone who is remotely interested has a fair idea of the numbers. But in a nutshell, it was easily the biggest Initial Public Offering (IPO) in history. It also led to Mr Musk becoming the first ever trillionaire, however briefly.…
Shares of SpaceX (SPCX) rose 3% on Friday as investors prepared for the company’s addition to the Russell 1000 Index. The move is expected to drive demand from passive investment funds and broaden the stock’s presence across major benchmarks.The gains came after a difficult stretch for the newly public company.The…
Omeros Corp (OMER) stock is tumbling on Friday morning following a major regulatory setback in Europe that has caught investors off guard.Investors are bailing on OMER mostly because the European Medicines Agency’s (EMA) expert panel has rejected its primary commercial asset.At the time of writing, Omeros stock is down some…
Moderna Inc. (MRNA) shares surged nearly 10% on Friday, extending a powerful rally that has lifted the stock about 40% over the past month and significantly outperformed the broader market.The gains followed the company’s Science Day presentation and investor event, where Moderna outlined an ambitious strategy to expand beyond its…
Apple Inc. (AAPL) shares have come under pressure after the company raised prices on several MacBook and iPad models. But some Wall Street analysts believe the pullback could present a buying opportunity as the company leverages its pricing power and loyal customer base.Apple stock fell 6.1% on Thursday after the…
The Dow Jones Industrial Average and the broader US stock market closed lower on Friday as investors continued rotating out of technology and semiconductor stocks while shifting into more defensive sectors such as healthcare, consumer staples, and utilities.The S&P 500 slipped 0.27% to close at 7,337.68, while the Nasdaq Composite…