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SpaceX Stock Tumbles After Nasdaq Debut Amid Profitability Doubts
business1 day ago

SpaceX Stock Tumbles After Nasdaq Debut Amid Profitability Doubts

SpaceX shares slid after joining the Nasdaq-100, briefly dropping below its IPO price and trading around $148 as of late, down about 13% in five days and 35% from its June high. The decline underscores concerns that SpaceX’s huge valuation isn’t matched by profits, with nearly $5 billion in losses on over $18.5 billion in revenue last year, compounded by the xAI merger burn and rival Blue Origin’s fundraising. Despite the headwinds, some banks have bullish price targets, suggesting optimism about AI-in-space potential.

via Futurism|
#business#elon-musk#nasdaq-100
SpaceX slips to $148 after Nasdaq-100 entry
markets2 days ago

SpaceX slips to $148 after Nasdaq-100 entry

SpaceX closed at $148, a second straight day below its $150 debut, after being added to the Nasdaq-100 which forced index funds to own shares. The company’s IPO raised $85.7 billion with a greenshoe option; SpaceX had previously peaked near $202 after debut. Analysts remain broadly bullish on SpaceX’s reusable rocket tech, Starlink, and potential AI ventures, even as a minority stay neutral or cautious.

via CNBC|
#greenshoe#ipo#markets
Nvidia 2030: Can AI Spending Drive Shares into the 200s–300s?
business13 days ago

Nvidia 2030: Can AI Spending Drive Shares into the 200s–300s?

Nvidia’s AI-driven growth has driven outsized revenue gains (e.g., Q1 2027 revenue up 85% to $81.6B, data-center up 92%), buoyed by massive AI capex in 2026 and a forthcoming Vera Rubin platform, but the 2030 outlook is uncertain. The bull case assumes AI spending stays robust with margins intact, potentially pushing the stock to the high-200s to low-300s by 2030; the bear case warns that peak spending and rising competition could leave shares flat despite rising revenue. Valuation has cooled to about 30x earnings, which could support upside if momentum continues.

via The Motley Fool|
#2030#ai#business
SpaceX shares swing wildly as Cursor deal stirs valuation bets
business21 days ago

SpaceX shares swing wildly as Cursor deal stirs valuation bets

SpaceX's stock has been volatile after announcing a $60 billion deal to acquire Cursor from Anysphere, briefly surging above $225 after its IPO price of $135 and later retreating to around $185. Analysts are divided: Morningstar flags SpaceX as overvalued with a fair value around $62 and a best case around $169, while Oppenheimer has raised its price target to $250. The path forward remains uncertain, with some suggesting the stock could fall further, though a drop below roughly $138 could affect Musk's trillionaire status.

via Mashable|
#business#cursor#ipo
Snap's pricey Specs AR glasses spark mixed reactions, shares dip
technology22 days ago

Snap's pricey Specs AR glasses spark mixed reactions, shares dip

Snap’s new Specs self-contained AR glasses, priced at $2,195, drew mixed online reactions and contributed to about a 4% drop in SNAP, as investors weighed the high price and bulk against Meta’s cheaper Ray-Ban Display. Specs offer dual-lens displays and built-in audio with no external device, signaling progress in AR wearables despite a pricey, bulky design. The beat goes on as competitors like XReal, Samsung, Google, and Apple push AR glasses, while IDC notes growing shipments of smart glasses, indicating market expansion beyond Snap’s launch.

via Yahoo Finance|
#ar-glasses#augmented-reality#snap
Micron Stock Could Dip by 2028 Despite AI Boom, Analyst Warns
business1 month ago

Micron Stock Could Dip by 2028 Despite AI Boom, Analyst Warns

Motley Fool analyst Adam Levy notes Micron’s AI‑driven memory demand has boosted earnings and helped propel it to a trillion-dollar valuation, but he expects the memory cycle to peak in 2028 with about $115 in trailing EPS and a 4.5x multiple, implying a fair value near $517 at the peak and a broad range of roughly $275–$930; with capex to expand capacity and cyclical dynamics, the stock could trade below its current around $970 in two years, so it’s not framed as a clear buy right now.

via The Motley Fool|
#ai-demand#business#earnings-cycle
Nintendo Stock Dips as Switch 2 Price Increase Sparks Investor Debate
business2 months ago

Nintendo Stock Dips as Switch 2 Price Increase Sparks Investor Debate

Nintendo’s stock fell about 8.4% to ¥7,020 after news of a Switch 2 price hike, the lowest since late 2023, highlighting investor caution over profitability and anticipated weaker second‑year sales. The hike takes effect May 25 in Japan and September 1 in the West; despite a forecast of roughly 16.5 million Switch 2 units sold in FY2027, market sentiment is split between views that higher prices are needed and concerns about dampened demand. Bloomberg notes some investors welcomed the price move to offset rising component costs, while others worry it could hurt sales, and Nintendo continues to count on upcoming titles like Pokémon Winds & Waves to bolster future sales.

via Nintendo Life|
#business#investors#nintendo
Entrada's DMD readout underwhelms, sparking a sharp stock slide
business2 months ago

Entrada's DMD readout underwhelms, sparking a sharp stock slide

Entrada Therapeutics' first readout for ENTR-601-44 in Duchenne muscular dystrophy showed a 2.36% dystrophin increase over baseline 4%, well below analysts' 10–14% targets and rival del-zota's ~25%, triggering a roughly 59% drop in the stock to $6.57. Management attributed the miss to lower-than-expected plasma exposure in juvenile DMD patients (about 50% of adult exposure). New juvenile NHP data hint at a nonlinear exon-skipping response at higher levels, suggesting the second dose cohort could see a disproportionate jump in exon skipping. The company plans a third dose cohort and a higher-dose readout in Q4 to gauge whether ENTR-601-44 can rebound.

via Fierce Biotech|
#business#duchenne-muscular-dystrophy#dystrophin
Nunes Steps Down as Trump Media CEO Amid Financial Turmoil
business2 months ago

Nunes Steps Down as Trump Media CEO Amid Financial Turmoil

Devin Nunes is stepping down as CEO of Trump Media & Technology Group, with Kevin McGurn named interim CEO, as the company posts heavy losses and modest revenue. Truth Social launched in 2022 and the company went public in 2024, but it faces a dwindling user base and a stock around $9.70. Nunes will remain as Chairman of the President’s Intelligence Advisory Board to focus on free speech, while the firm warns it will incur ongoing operating losses as it seeks growth beyond Trump’s core followers.

via CNN|
#business#devin-nunes#donald-trump
Crimson Desert Reviews Spark Pearl Abyss Stock Slide
news3 months ago

Crimson Desert Reviews Spark Pearl Abyss Stock Slide

Pearl Abyss’s stock fell about 30% after Crimson Desert reviews went live, with Metacritic at 78 and OpenCritic around 80. The company had previously seen a surge when the game went gold in January, but middling reception prompted a selloff as investors weigh potential sales against hype. With the Steam release looming, traders are awaiting exact sales numbers to gauge the game’s financial impact.

via Kotaku|
#crimson-desert#metacritic#news
business3 months ago

Crimson Desert Review Fallout Knocks Pearl Abyss Stock

Pearl Abyss’s stock fell roughly 29% in a single session after Crimson Desert’s reviews surfaced, with Metacritic scoring the game at 78—well below the internally expected 90—sparking investor selling; Insider Gaming’s own review gave the title a 7/10, praising its world and battles but warning of unfocused systems and narrative issues as launch approaches.

via Insider Gaming|
#business#crimson-desert#investors
Atlassian Slashes 1,600 Jobs to Fund AI push
business4 months ago

Atlassian Slashes 1,600 Jobs to Fund AI push

Atlassian said it would cut about 1,600 jobs (10%) to self-fund AI investments and strengthen its financial profile, a move tied to a sharp decline in its stock price; the layoffs are expected to incur roughly $225–$236 million in charges and should be largely complete by June, with leadership stating the changes aim to reshape skills rather than replace people.

via CNBC|
#ai#atlassian#business