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MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING
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🟢 What’s up
- Nvidia and Microsoft both set new record highs as the AI trade continues to revive. Nvidia rose 0.46%, while Microsoft climbed 1.05%.
- Core Scientific exploded 33.01% on reports from the Wall Street Journal that the bitcoin miner may be acquired by AI company CoreWeave.
- Serve Robotics gained 9.87% after the delivery robot maker launched its service on the streets of Atlanta today.
- McCormick is looking spicy: The consumer goods company rose 5.31% after earnings outpaced analyst forecasts.
- Penn Entertainment rose 4.94% after the gambling company was upgraded by analysts at Citizens, who think the stock’s underperformance is about to reverse.
- Solar stocks may be thrown a lifeline by the Senate, which is considering keeping some clean energy tax credits in the spending bill. Enphase Energy popped 12.83%, SunRun rose 6.46%, and SolarEdge Technologies climbed 5.11%.
- Copper miners popped as prices of the precious metal rose today. Freeport–McMoRan jumped 6.85%, Southern Copper Corp. climbed 7.79%, and Anglo American plc added 7.16%.
What’s down
- Micron Technology lost 0.98% despite the chipmaker reporting fiscal third quarter results that beat Wall Street’s expectations.
- Kratos Defense and Security Solutions sank 2.36% after the military tech company announced it will sell $500 million worth of stock to raise money for capital spending.
- Equinix crumbled another 9.56% after a terrible fiscal outlook pushed Raymond James and BMO analysts to downgrade the internet services company.
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Visualize: How private equity tangled banks in a web of debt, from the Financial Times.
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