These AI Stocks Plunged During Friday's Sell-Off
High-flying AI stocks tumbled on Friday amid a broad risk-averse pivot on Wall Street.
Transport stocks take a hit on Wall Street on economic and tariff fears
Transportation stocks went sharply in reverse on Friday with the economic bellwether Dow Jones Transport average index falling more than 2.6% in its steepest daily loss since December 18 and its third consecutive decline, as investors reacted to weak economic readings and worried about tariffs. While the transport index pared its losses by the close, most of its stocks fell for the day. Its biggest decliner was Old Dominion, finishing down 8.5%.
Rivian (RIVN) Stock Trades Down, Here Is Why
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 4.8% in the afternoon session after Cantor Fitzgerald analysts downgraded the stock's rating from Buy to Neutral after it announced underwhelming Q4 2024 earnings. The analysts highlighted key concerns, including "lower vehicle deliveries, fewer EDV [electric delivery van] deliveries, and worsening macro conditions, including the implementation of incremental tariffs and the likely removal of the $7,500 EV Tax Credit."
Franklin Templeton files for Solana ETF as crypto interest expands beyond bitcoin
Investment managers are rolling out new products to capitalize on this increasing interest. In January, Grayscale Investments launched a fund tied to Dogecoin, a token the company said has "transitioned from a memecoin ... to a tool for global financial inclusion and a viable means of payment". Solana has gained more than 60% over the past year.
Bybit just suffered the biggest attack in crypto history, suffering $1.4 billion in losses
ByBit CEO says the platform is experiencing “massive withdrawals.”
Ginnie Mae, Stalwart of Mortgage Market, Squeezed by DOGE
(Bloomberg) -- Ginnie Mae, a $2.7 trillion stalwart of the US home mortgage market, is the latest Washington agency targeted by Elon Musk.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsOver the past week, as much as a quarte
Celsius (CELH) Stock Trades Up, Here Is Why
Shares of energy drink company Celsius (NASDAQ:CELH) jumped 39% in the pre-market session after the company delivered exceptional fourth quarter 2024 results, which blew past analysts' EBITDA, EPS, and revenue estimates, suggesting the struggles surrounding its controversy with Pepsi, where it oversold inventory to the behemoth, could be approaching the rearview mirror. Separately, the company announced its acquisition of Alani Nu, a popular up-and-coming energy drink brand. Zooming out, we thin
Dropbox (DBX) Stock Trades Down, Here Is Why
Shares of cloud storage and e-signature company Dropbox (Nasdaq: DBX) fell 15.8% in the afternoon session after the company delivered disappointing fourth-quarter 2024 results as customer growth slowed to a crawl. Paying users remained roughly flat year on year but declined sequentially. Revenue edged up slightly from the prior year, with pricing adjustments and foreign currency fluctuations contributing to the sluggish growth. Margins were a mixed bag. While GAAP gross margin saw a slight uptic
Why The RealReal (REAL) Stock Is Trading Lower Today
Shares of secondhand luxury marketplace The RealReal (NASDAQ: REAL) fell 17.7% in the afternoon session after the company reported underwhelming fourth-quarter 2024 results: its full-year EBITDA guidance missed significantly, and its number of active buyers fell slightly short of Wall Street's estimates. Revenue grew 14% year on year, fueled by a 12% increase in gross merchandise value (GMV), however, it barely scaled past Wall Street's estimates, evoking no excitement. Despite the growth concer
Why Akamai (AKAM) Stock Is Trading Lower Today
Shares of web content delivery and security company Akamai (NASDAQ:AKAM) fell 20.3% in the afternoon session after the company reported weak fourth-quarter 2024 results, with next year's revenue guidance signaling a sharp deceleration in demand and falling short of Wall Street's estimates. Revenue grew just 3% year on year with security and compute solutions delivering double-digit growth, but these gains were overshadowed by an 18% drop in delivery revenue, the segment that historically generat