Semiconductor stocks fall 5% as investors shift focus from AI demand to margins
U.S. chip stocks fell Thursday, even as TSMC raised its outlook. The sector index dropped nearly 5% in afternoon trading.
SpaceX (NASDAQ: SPCX) drops under IPO price with larger float possible on lockup changes
SpaceX was at $133.20 as of 12:56 p.m. EDT, dropping 1.3% from the $135 offer price. The first lockup release could raise its tradable share count by 143%.
Humana (NYSE: HUM) trades ahead of July 29 results
Humana dropped 3.6% by 1 p.m. Thursday, giving up an initial 4.1% rise at the open. The stock turned lower even as UnitedHealth Group posted strong results.
Oracle Stock (NYSE: ORCL) Hits New Low as $638 Billion AI Backlog Meets Cash Test
Oracle fell about 4.8% to $126 in late-morning New York trade on Thursday. The shares touched $125.94, a fresh 52-week low. Investors weighed a $638 billion backlog against a mounting cash need.
ASML Holding (NASDAQ: ASML) steady after outlook sets €14.4B Q4 bar
ASML’s U.S. shares managed a 0.3% uptick to $1,820.63 on Thursday, even as chip stocks slumped. The Philadelphia semiconductor index slid 3.8%.
BlackRock (NYSE: BLK) shares climb as active flows support fee income
BlackRock was up 1.1% at $1,105.12 late this morning, building on a 6.6% move after earnings Wednesday. The S&P 500 slipped.
Nvidia (NASDAQ:NVDA) slides as Japan sets 27,500-GPU target for 2028
Nvidia stock lost 2.3% to $207.62 early Thursday. That drop came even after Japan announced a national infrastructure move. The move shows a new challenge. Now, demand over time outweighs a single order.
SK Hynix ADR Premium Points to Conversion Before Earnings
SK hynix Inc. settled at 1.842 million won on Thursday, losing 11.5%. Trading in Seoul was over. Nasdaq still in premarket at that time.
UK shares open; eyes on FTSE 250 deals as London market trades
FTSE 250 edged up Thursday, with Rotork plc making up more than all of that move. Rotork soared 66.85% after ABB Ltd offered a £4.14 billion cash deal. FTSE 100 slipped 0.34%.
United Airlines (NASDAQ:UAL) holds 50% load benchmark on empty middle seats
United Airlines Holdings is trying out a new layout on 50 incoming jets, betting that four wider seats can bring in more money than six regular ones. If the plane is full and passengers pay the same fare, each of the four seats has to make 1.5 times what a standard seat does—so a 50% jump per seat.
UnitedHealth Group (NYSE:UNH) says at least 84% of its Q2 beat is now in its outlook; Elevance Health (NYSE:ELV) moved 20%
UnitedHealth Group bumped its 2026 adjusted earnings forecast to a range of $19.50 to $20.00 a share, moving up after second-quarter adjusted EPS of $6.38 topped analyst picks by $1.48. Shares jumped close to 5% in early premarket. Elevance Health closed Wednesday down 8.7% after a smaller boost to guidance, even as it also beat earnings forecasts.
Publix store shutdowns come as $2.4B network upgrade rolls out and same-store sales flatline
Publix Super Markets shuttered eight stores in the first quarter as capital spending jumped 45% to $674 million. Seven of the closed locations were either replaced during the quarter or set for replacement on the same sites, according to the employee-owned grocer.
Hardee’s store closures reveal a 107-unit concentration risk in its franchise model
A court filing on Tuesday showed Hardee’s operator Superior Star closed 30 restaurants in 2025, lifting known closures by it and ARC Burger to 107. That total exactly matches Hardee’s net two-year decline in franchised outlets, exposing how a few large operators can move the chain’s system-wide count.
MARA Holdings (NASDAQ:MARA) Texas rally stalls as $2.1B in deals put valuation under pressure
MARA Holdings dropped about 3.1% to $11.79 on Wednesday afternoon, falling under the $12.02 close seen right before its July 9 Texas site news. That comes even as bitcoin gained 0.7% to around $65,070. Shares gave up the brief premium tied to the project, which could bring 2 gigawatts of capacity but won’t be at full power until 2028.
CleanSpark (NASDAQ:CLSK) $6.6 Billion Data-Center Lease Puts $2.1 Billion Financing Test in Focus
CleanSpark, Inc. shares surrendered most of an early 10.5% gain on Wednesday as investors weighed a 20-year data-center lease carrying $6.6 billion of expected contract revenue against a construction bill that could reach $2.1 billion. The stock was up 1.4% at $13.64 after touching $14.86.
Bitmine’s 5% Ether Goal Now Matches Its $482 Million Cash Pile
Bitmine Immersion Technologies, Inc. is about 264,962 Ether short of its goal of owning 5% of the token’s supply, a gap worth $482.2 million at the $1,820 price used in its latest holdings update. That is almost exactly the $482 million of cash and marketable securities it reported as of July 12.
Angelini wraps $4.1 billion buyout of Catalyst Pharmaceuticals (NASDAQ:CPRX) at 9x projected 2026 EBITDA
Angelini Pharma wrapped up its $4.1 billion takeover of Catalyst Pharmaceuticals, Inc. before the U.S. market opened Wednesday, taking the rare-disease drugmaker private. That price tag overstates the real cost. Stripping out Catalyst’s estimated net cash, the deal gives an enterprise value around $3.24 billion, or about 9 times expected 2026 adjusted EBITDA—a measure of operating profit before interest, tax, depreciation and amortization.
Morgan Stanley (NYSE:MS) Earnings: $1.9 Billion Trading Beat Meets an IPO-Heavy Wealth Inflow
Morgan Stanley delivered a record second quarter, but the upside was more concentrated than the headline figures suggest. Its equity-trading desk beat the StreetAccount estimate by about $1.9 billion, larger than the bank’s roughly $1.71 billion total-revenue beat against a separate consensus compiled by LSEG.
US futures gain after slower PPI, tech stays ahead
U.S. stock futures climbed Wednesday after a drop in producer prices, but traders were focused on who was leading gains. Nasdaq 100 futures were up about 0.5% before the open, outpacing S&P 500 and Dow futures, as cooling inflation and more signs of AI-related spending pushed investors back into tech.
Kustom Entertainment Jumps 57% as $5.5 Million Asset Sale Faces Closing-Day Credit Test
Kustom Entertainment, Inc. shares were indicated 57.4% higher at $1.59 before Wednesday’s regular session as the scheduled closing date arrived for the sale of its video-solutions business. The $5.5 million base package is 8.7 times Kustom’s $630,910 market value at Tuesday’s close.