Wall Street Slips as Oil Spurts, Nvidia Stalls, Walmart Dips
Stocks dropped Thursday. Oil prices shot higher, stirring up inflation fears again, and that weighed on a market that’s leaned on AI and steady consumer spending for support.
Applied Digital Jumps After $7.5B AI Lease
Applied Digital shares rose Thursday morning after the data-center company agreed to a $7.5 billion lease for a new AI campus. Investors are still putting money into stocks linked to artificial-intelligence infrastructure.
Deere stock falls after earnings beat, weak farm demand hurts rally
Deere & Co dropped 7.1% to $520.62 in late-morning trading Thursday. The farm and construction equipment company posted better-than-expected quarterly results but left its full-year profit outlook unchanged. That move left Deere shares worse off than the SPDR S&P 500 ETF, which was down 0.4%, and the Industrial Select Sector SPDR ETF, off 0.7%.
Ford Shares on the Move as $3.8 Billion Battery Plan Advances
Ford Motor shares moved up Thursday after a regulatory filing showed the company wrapped up restructuring its BlueOval SK battery joint venture and picked up a $3.805 billion U.S. Department of Energy loan related to a Kentucky battery factory.
IREN Stock Jumps Again as Nvidia AI Bet Keeps Buyers Coming Back
IREN Limited shares climbed on Thursday, extending a volatile rebound as investors kept buying into the company’s push from bitcoin mining into AI cloud infrastructure after a string of Nvidia-linked announcements.
Bloom Energy strikes $2.6 billion AI power deal amid grid bottleneck trade
Bloom Energy shares surged Thursday after Nebius, an AI cloud outfit based in Amsterdam, unveiled a fuel-cell capacity deal that could bring Bloom as much as $2.6 billion over the contract term. The move put the San Jose power name back in focus as traders eyed the AI-power space.
Xanadu Jumps on $300 Million Capital Plan
Xanadu Quantum Technologies Limited shares moved higher Thursday after the company, based in Toronto, launched a $300 million synthetic at-the-market equity facility. Xanadu also said it has developed a new algorithm intended to cut costs for certain quantum applications.
GlobalFoundries shares jump after U.S. quantum funding news
GlobalFoundries surged 12.7% to $79.75 early Thursday, with more than 3.4 million shares changing hands as investors bought in after new U.S. moves on quantum-chip manufacturing. The stock, listed on the Nasdaq, started at $77.99 and went as high as $82.44, market data showed.
Mister Car Wash Delisted From Nasdaq Following $3.1 Billion Buyout
Leonard Green & Partners has closed its cash buyout of Mister Car Wash, ending the company’s time as a public listing. The deal values Mister Car Wash at $3.1 billion, with both equity and debt. The company said its stock stopped trading and will exit Nasdaq.
Apellis Stock Disappears From Nasdaq as Biogen $41 Billion Buyout Faces Final Hurdle
Biogen has finished its acquisition of Apellis Pharmaceuticals, and trading in the APLS ticker has ceased. Apellis is now a wholly owned unit of Biogen after the buyout.
QUBT Moves After $2 Billion U.S. Quantum Push
Quantum Computing Inc. stock moved higher Thursday morning as traders piled into quantum-computing names. The gains came after the U.S. government said it would take equity stakes in multiple companies in the group. QUBT was last at $10.73, up $1.17, or roughly 12.2%, with volume around 16.0 million shares.
Stellantis Launches $70 Billion Overhaul With Focus on Jeep, Ram, China
Stellantis rolled out a €60 billion turnaround plan on Thursday, promising more than 60 new models by 2030. CEO Antonio Filosa is set to put more energy into Jeep, Ram, Peugeot and Fiat as he works to boost profits. The FaSTLAne 2030 plan was shown at the automaker’s investor day in Auburn Hills, Michigan.
Nike stock climbs but analysts hold back on turnaround calls
Nike shares were up Wednesday, lifted by lower oil prices and falling U.S. Treasury yields. That gave investors a reason to pick up consumer stocks that have been under pressure from inflation and concerns about household budgets. Nike jumped nearly 4% in afternoon trade, then settled at $44.07, up 3.4% on the day, according to a Stock Story piece on TradingView.
Infleqtion shares react to $100 million quantum funding news in Washington
Infleqtion traded higher early Thursday after the company said the U.S. Department of Commerce gave it a preliminary letter for $100 million in funding tied to neutral-atom quantum computing. The letter includes a provision for the U.S. to receive equity in Infleqtion. INFQ was last at $11.18, up 5.1% ahead of the New York open.
D-Wave Shares Climb After $100 Million U.S. Quantum Deal Adds Washington as Shareholder
D-Wave Quantum Inc. shares were higher in premarket trading Thursday as the company said it got a letter of intent for up to $100 million in planned funding under the U.S. CHIPS and Science Act. The deal would make the federal government a shareholder.
Redwire Faces Investor Scrutiny After Sponsor Exit, Drone Deals
Redwire Corporation shares slipped in premarket trading Thursday after jumping in the previous session. Investors took in news of two fresh unmanned-aircraft orders while also reacting to a sponsor sell-down flagged in securities filings.
POET Eyes $400 Million Raise as Traders Focus on Key Risk
POET Technologies Inc. shares slipped in premarket Nasdaq trading Thursday, retreating after a bounce. Investors questioned if the $400 million stock-and-warrant sale arms the AI photonics firm to grow or just piles on more headwinds.
MARA Stock Just Jumped — Now Its $1.5 Billion AI Power Bet Faces a Test
MARA Holdings shares edged lower before Thursday’s open, pausing after a 5.7% jump in the prior session as investors weighed fresh insider filings against the bitcoin miner’s push into power-backed AI infrastructure. The stock closed Wednesday at $13.15 and was indicated at $13.10 in pre-market trading at 8:02 a.m. EDT.
Nvidia Shares Flat After Big Earnings Beat as Street Looks for More
Nvidia was flat before the U.S. open Thursday. Premarket pricing put the stock at $223.29, down 0.08%. The chipmaker put out a $91 billion revenue forecast for the second quarter and said it would boost cash returned to shareholders. The numbers were strong but shares saw little move.
Hooters Restaurants Pitches Family Appeal as Business Comeback Faces Scrutiny
Hooters’ founder-led group is making a push to revamp the brand after buying it out of bankruptcy. The owners want to shift Hooters back to being a beach-themed neighborhood spot, aiming for more family business. Hooters Inc. said changes are rolling out now — updates to older uniforms, fresher food, and upgrades underway at about 140 of its 198 U.S. stores as well as 60 abroad. CEO Neil Kiefer said the group is “taking back the Hooters name.”
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