ON Semiconductor's CEO Hassane El-Khoury defended the company's core business after shares fell 24% following its largest-ever acquisition of Synaptics in an all-stock deal. The move aims to expand into physical AI, growing its addressable market by $30 billion by 2030.
SpaceX shares dropped 16% on Monday, extending a three-day selloff after a strong IPO rally. Despite a record-breaking debut and brief market cap surges, the stock has lost nearly 24% in three days, with the offering price at $135.
SpaceX stock dropped 16% on Monday, extending a three-day selloff after a strong IPO rally. Despite a record-breaking debut and brief market cap surges, shares have lost nearly 24% since last week. The company reported significant net losses in 2025 and Q1 this year.
SpaceX stock dropped 9% on Monday, extending a selloff after its record IPO. Despite initial gains that briefly made it more valuable than Amazon and Microsoft, shares have fallen significantly, though still remain up 37% since its debut.
SpaceX shares fell more than 5% in premarket trading Monday, extending a selloff after a strong IPO rally. Despite recent losses, the stock remains up 37% since its debut, and the IPO has made Elon Musk the world's first trillionaire.
SpaceX shares dropped over 3% in pre-market trading Monday, extending a recent selloff after a strong post-IPO rally. The stock, which surged after its June 12 listing, has seen volatility in its first days as a public company.
Fox Corp. is acquiring streaming platform Roku for $22 billion, a move analysts call a strategic pivot to bolster its streaming presence and ad capabilities. Despite initial stock drops, the deal aims to combine Fox's content with Roku's distribution and data for future growth.
Fox Corp. is acquiring streaming platform Roku for $22 billion, a move analysts call a strategic pivot to bolster its streaming presence and data capabilities. Despite initial stock dips, the deal aims to position Fox as a major player in the U.S. viewing market.
Broadcom reported record Q2 revenue and AI chip sales, beating estimates. However, the stock fell over 12% after hours due to a cautious long-term AI target and a Q3 AI chip outlook below aggressive forecasts, wiping out over $300 billion in market value.
Strategy's stock price fell to a 45-day low after announcing a $2.5 million Bitcoin sale to fund recurring costs and dividends. Analysts noted the sale is negligible to the company's large Bitcoin holdings, but it sparked investor jitters and questions about future sales.
Hims & Hers shares fell 15.5% in premarket trading after the company reported a $92 million first-quarter loss and provided earnings guidance that disappointed investors.
Meta Platforms reported Q1 2026 earnings of $10.44 per share on $56.31B revenue, beating analyst estimates of $6.67 per share on $55.6B. Profit surged 61% YoY, but the company raised its 2026 capital expenditure guidance to $125-145B due to higher component pricing and data center costs. Shares fell over 6% in extended trading as investors concerns grew over increased AI infrastructure spending.
Tesla's first quarter earnings beat Wall Street expectations with profits up 16% year-over-year, briefly sending the stock surging in after-hours trading. However, CEO Elon Musk dampened enthusiasm by announcing $25 billion in planned spending this year on AI software, chips and manufacturing, erasing the stock gains. The quarter marked Tesla's second-worst net profits and vehicle deliveries out of the last 12 quarters, despite exceeding analyst expectations. Musk emphasized the company's long-term focus on AI, humanoid robots and fully self-driving vehicles, with Optimus entering production this summer.
Tesla's first quarter earnings beat Wall Street expectations with profits up 16% year-over-year, briefly sending the stock surging before CEO Elon Musk's cautionary note about $25 billion in planned spending on AI and chips erased gains. The company posted its second-worst net profits and vehicle deliveries out of the last 12 quarters, despite exceeding analyst forecasts, with regulatory credit revenue dropping due to Trump administration policy shifts. Musk emphasized the company's long-term focus on AI, humanoid robot Optimus and fully autonomous vehicles, with Optimus entering production this summer.
AST SpaceMobile shares fell nearly 12% in premarket trading after Blue Origin's New Glenn rocket placed the company's BlueBird 7 satellite in a lower-than-planned orbit on Sunday. The satellite, which would have been AST's eighth in low-earth orbit, was officially deemed lost. Blue Origin acknowledged the error but has not issued a statement since. AST said the loss is covered by insurance and maintains its 2026 launch schedule of one to two satellites per month, with BlueBirds 8-10 ready in 30 days. Analysts remain mixed on the stock impact.
