Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) jumped 3.3% in the afternoon session after the company announced a collaboration with Oracle to power the tech giant's artificial intelligence (AI) data centers. The collaboration involved deploying Bloom's fuel cell technology at select Oracle Cloud Infrastructure (OCI) data centers in the U.S. This initiative aimed to meet the increasing power demands of AI and cloud computing services by providing a reliable and cost-efficient onsite power source. The announcement, which included a goal for the first deployments within 90 days, sent the company's shares to their highest level in several years. The stock's performance reflected strong investor enthusiasm for Bloom's potential to capitalize on the rapidly growing AI sector.
Shares of online used car dealer Carvana (NYSE: CVNA)
jumped 3.3% in the morning session after investment bank Oppenheimer upgraded the stock to Outperform from Perform, setting a $450 price target.
Shares of regional banking company Pinnacle Financial Partners (NASDAQ:PNFP) fell 11.6% in the afternoon session after it announced it would merge with Synovus Financial in an $8.6 billion all-stock transaction. The negative reaction stemmed from several concerns. Analysts pointed out that investors might have hoped for a buyout from a larger bank, which likely would have commanded a higher premium. The deal's structure also caused apprehension, with reports highlighting a potential 9% dilution in tangible book value and the complexities of integrating the two companies.
Shares of regional banking company Glacier Bancorp (NYSE:GBCI) jumped 3.3% in the pre-market session after the company reported strong second-quarter results, including a significant jump in net income and an earnings per share figure that surpassed some key analyst expectations.
Shares of regional banking company Customers Bancorp (NYSE:CUBI) jumped 4.2% in the morning session after the company reported second-quarter earnings that surpassed Wall Street estimates, driven by strong loan growth and expanding profitability.
Apple Inc. (NASDAQ: AAPL) shares are trading higher Friday as investors began to position ahead of the company's fiscal third-quarter earnings, which are now confirmed for release after the market closes on Thursday July 31.
U.S. equity futures held steady in Thursday’s early trade following a record-setting session for NVIDIA Corporation (NASDAQ:NVDA), whose shares surged to new all-time highs on the back of optimism in artificial intelligence (AI) demand and strong institutional positioning. The muted movement in futures suggests a pause from
As market turbulence becomes the new normal, a growing number of investors are embracing a strategy once reserved for seasoned professionals: options selling. Amid concerns over rising interest rates, geopolitical uncertainty, stretched valuations, and sector rotations, this strategy is offering something elusive in today’s investing landscape—predictable income and
Apple Inc. has released the public beta version of iOS 26, featuring a major design overhaul and new AI features. Beta gives users chance to provide feedback before official fall release.
Samsung actively negotiating with OpenAI and Perplexity AI to diversify AI services for next-gen Galaxy devices. Plans to compete with Apple in foldable phone market.
In a market where volatility creates both fear and opportunity, income-focused investors are increasingly turning to a lesser-known but powerful strategy: selling cash-secured puts. This options strategy not only allows investors to generate steady income, but it also provides a disciplined way to potentially acquire stocks at prices below current
Treasury Secretary Scott Bessent warned that Taiwan Semiconductor Manufacturing Co.'s massive Arizona fabrication facility may produce just 7% of America's semiconductor needs, highlighting regulatory obstacles hampering domestic chip production.
