10am: Semiconductors drive Nasdaq higher at open US tech stocks have led a Wall Street rebound in early Monday trading, with a sharp recovery in semiconductor names the key after they had been to the fore in Friday's heavy sell-off. The Nasdaq leapt 1.5% initially before this gain softened...
10am: Semiconductors drive Nasdaq higher at open US tech stocks have led a Wall Street rebound in early Monday trading, with a sharp recovery in semiconductor names the key after they had been to the fore in Friday's heavy sell-off. The Nasdaq leapt 1.5% initially before this gain softened...
Seaport Therapeutics, Inc. press release ( SPTX ): Q1 GAAP EPS of -$10.34. Cash, cash equivalents, and investments totaled $212.6 million as of March 31, 2026. Subsequent to March 31, 2026, Seaport completed its IPO, in which the Company raised gross proceeds of an additional $260.0 million, before deducting underwriting discounts, commissions, and other offering expenses. Seaport expects its curr...
Seaport Therapeutics, Inc. press release ( SPTX ): Q1 GAAP EPS of -$10.34. Cash, cash equivalents, and investments totaled $212.6 million as of March 31, 2026. Subsequent to March 31, 2026, Seaport completed its IPO, in which the Company raised gross proceeds of an additional $260.0 million, before deducting underwriting discounts, commissions, and other offering expenses. Seaport expects its current cash, cash equivalents, and investments to support its current operating plans into 2029. Net loss was $25.4 million for the first quarter of 2026, as compared to a net loss of $13.1 million for the first quarter of 2025. More on Seaport Therapeutics, Inc. Seaport Therapeutics Pursues IPO On Positive Trial Results Hemab, Seaport surge as clinical-stage biotechs make trading debuts Seaport, Hemab price upsized IPOs eyeing $550M in proceeds Historical earnings data for Seaport Therapeutics, Inc. Financial information for Seaport Therapeutics, Inc.
Cerebras ( CBRS ) rebounded on Monday, gaining 5% in premarket trading as Wall Street started coverage on the newly public chipmaker. Some firms said the company has “unique” capabilities that the competition can't fill. Shares were priced at $185 in the blockbuster offering that raised $5.55B and opened at $350. They have subsequently given up much of that gain. Here's what a sample of Wall Stree...
Cerebras ( CBRS ) rebounded on Monday, gaining 5% in premarket trading as Wall Street started coverage on the newly public chipmaker. Some firms said the company has “unique” capabilities that the competition can't fill. Shares were priced at $185 in the blockbuster offering that raised $5.55B and opened at $350. They have subsequently given up much of that gain. Here's what a sample of Wall Street firms had to say about Cerebras. Morgan Stanley (Overweight, $250 price target) “We view Cerebras as one of the most differentiated AI infrastructure companies, built around the industry's only commercially deployed wafer-scale processor,” Morgan Stanley analyst Joseph Moore wrote in a note to clients. “As AI workloads become increasingly reasoning-intensive, demand for fast, low-latency inference is growing rapidly. Supported by a large contracted backlog and a 750MW committed capacity agreement, we believe Cerebras is well positioned to capture this opportunity. This is a unique chance to invest in an AI processor company with a first-mover advantage against NVIDIA, and offers substantial upside as the category evolves.” UBS (Buy, $300 price target) “The Cerebras Wafer-Scale Engine (“WSE”) is the world's largest compute chip and offers performance advantage over GPUs on a subset of fast inference applications that address a premium segment of the inference market,” UBS analyst Timothy Arcuri wrote in a note to clients. “Importantly, CBRS has shown strong commercial momentum with a broad engagement as the only supplier currently shipping to OpenAI under a pre-payment, a growing inference collaboration with Amazon, and a number of additional potential engagements. Our PT is based on what we think is a conservative set of assumptions around the OpenAI rollout with Amazon adding optionality in out- years. Because we see CBRS eventually evolving into more of a hardware supplier, our $300 PT is based on 10x EV/Sales applied to C29 $11B Sales with our multiple driven by key ha...
More on FuelCell Energy FuelCell Energy: The Company That Wants To Become The Next Bloom Energy FuelCell Energy: Too Much Promise, Not Enough Proof FuelCell Energy Non-GAAP EPS of -$0.53 misses by $0.10, revenue of $35.59M misses by $4.92M Quant snapshot: United Natural Foods, Designer Brands lead top-rated names as MIND Technology, BARK lag Seeking Alpha’s Quant Rating on FuelCell Energy
More on FuelCell Energy FuelCell Energy: The Company That Wants To Become The Next Bloom Energy FuelCell Energy: Too Much Promise, Not Enough Proof FuelCell Energy Non-GAAP EPS of -$0.53 misses by $0.10, revenue of $35.59M misses by $4.92M Quant snapshot: United Natural Foods, Designer Brands lead top-rated names as MIND Technology, BARK lag Seeking Alpha’s Quant Rating on FuelCell Energy
SoFi (NASDAQ: SOFI) has fallen more than 40% so far in 2026, but the business posted record results in the first quarter. CEO Anthony Noto has been very vocal about some of the fintech's opportunities, and here are five quotes in particular investors need to hear. *Stock prices used were the morning prices of June 3, 2026. The video was published on June 4, 2026. Continue reading
SoFi (NASDAQ: SOFI) has fallen more than 40% so far in 2026, but the business posted record results in the first quarter. CEO Anthony Noto has been very vocal about some of the fintech's opportunities, and here are five quotes in particular investors need to hear. *Stock prices used were the morning prices of June 3, 2026. The video was published on June 4, 2026. Continue reading
Just_Super Wells Fargo sees significant AI upside for select stocks in the auto sector Analyst Colin Langan noted that with data centers growing at a more than 20% CAGR, DC content could be a game changer for suppliers facing ~1% vehicle growth. Langan and his team see the biggest opportunities in power generation & related components, battery energy storage systems, and connectors/wiring. BorgWar...
Just_Super Wells Fargo sees significant AI upside for select stocks in the auto sector Analyst Colin Langan noted that with data centers growing at a more than 20% CAGR, DC content could be a game changer for suppliers facing ~1% vehicle growth. Langan and his team see the biggest opportunities in power generation & related components, battery energy storage systems, and connectors/wiring. BorgWarner ( BWA ) is at the top of Wells Fargo's list for AI plays in the auto sector. The company was noted to have the most shots on goal through turbine generators, BESS, and microgrid inverters. "Before possible capacity addition, we estimate BWA could have ~$2.4B in added DC sales by 2028," updated Langan. TE Connectivity ( TEL ) was noted to already be a key player because it dominates the copper DC connector market today. Langan highlighted that TEL guided for AI sales of $2.4B in 2026 and more than $3B in 2027. Aptiv ( APTV ) is seen as a potential AI standout. Although the company's current connector set does not align well with today's DC connector needs, the shift to 800V DC would open the market to solutions similar to APTV's current BEV solutions for 800V electric vehicles. "This shift is still early and likely starts in Q4 2027," highlighted Langan. Looking ahead, the firm thinks Aptiv ( APTV ) would need to unseat TEL and APH, which have similar solutions & existing relationships with Nvidia ( NVDA ) and others. Ford ( F ) was also called out as an AI beneficiary with its Kentucky facility transitioning for energy storage. However, Wells Fargo boosted its 2028-2030 by just $0.05 on the Detroit automaker because the firm thinks BESS supply could exceed demand by 2027 to challenge pricing. Within the auto supplier sector, Wells Fargo has Overweight ratings on BorgWarner ( BWA ), Aptiv ( APTV ), Versigent ( VGNT ), and Visteon ( VC ). More on BorgWarner BorgWarner Inc. (BWA) Q1 2026 Earnings Call Transcript BorgWarner Inc. 2026 Q1 - Results - Earnings Call Presentatio...
Michael Saylor’s Strategy Inc. resumed buying Bitcoin a week after a rare token sale by the digital asset treasury company roiled the crypto market. The company bought 1,550 Bitcoin for an aggregate price of about $101.3 million, according to a filing Monday. The purchase follows one of the most turbulent weeks for Bitcoin this year, a selloff that briefly drove the largest cryptocurrency below $6...
Michael Saylor’s Strategy Inc. resumed buying Bitcoin a week after a rare token sale by the digital asset treasury company roiled the crypto market. The company bought 1,550 Bitcoin for an aggregate price of about $101.3 million, according to a filing Monday. The purchase follows one of the most turbulent weeks for Bitcoin this year, a selloff that briefly drove the largest cryptocurrency below $60,000 and erased roughly half its value from last year’s peak. The decline was fueled by heavy outflows from Bitcoin exchange-traded funds and growing concerns about the durability of the digital-asset treasury model pioneered by Saylor that has become one of the market’s largest sources of demand. Strategy found itself at the center of those concerns. Last week, the company disclosed it had sold 32 Bitcoin, its first sale since 2022. The amount was negligible relative to holdings worth more than $53 billion, but the symbolism was significant. For years, Saylor built Strategy around a simple premise: raise capital to buy Bitcoin and do not sell it. The disclosure challenged that narrative and helped deepen a rout that sent the crypto world shuddering. “The recent sale did raise some alarm,” said Brian Dobson , a managing director at Clear Street, which is among the group of firms that sells securities for Strategy to fund the buying. “But today’s purchase should assuage those concerns. I would see this as a positive signal and a public illustration of confidence from one of Bitcoin’s top investors.” Strategy funded the purchases in the seven days ended June 7 thought the sale of common stock. The company also increased its reserve by $100 million to $1 billion. Bitcoin rose as much as 3.8% to $64,198, while shares of Strategy rose as much as 7%. The stock is down around 65% in the past year. The latest purchase suggests Strategy remains committed to the business model that has transformed it into the world’s largest corporate holder of Bitcoin. More importantly, it signals ...
Hong Kong developer New World Development (NWD) is making 28 units of its Pavilia Rosa project in Kowloon Tong available to buyers on Friday, a test of sentiment and demand in the city’s residential property market amid a slumping Hang Seng Index. NWD said the flats would be sold via a regular price list on a “first come, first served” basis as the developer announced that the project had so far s...
Hong Kong developer New World Development (NWD) is making 28 units of its Pavilia Rosa project in Kowloon Tong available to buyers on Friday, a test of sentiment and demand in the city’s residential property market amid a slumping Hang Seng Index. NWD said the flats would be sold via a regular price list on a “first come, first served” basis as the developer announced that the project had so far sold 42 residences worth about HK$2.4 billion (US$127.6 million) via a tender. The launch on Friday...