Stock Market

Cathie Wood Pours $38.1 Million Into Tesla as Shares Tumble—Sticking to Her Contrarian Playbook
Business

Cathie Wood Pours $38.1 Million Into Tesla as Shares Tumble—Sticking to Her Contrarian Playbook

Ark Investment Management CEO Cathie Wood added roughly $38 million in Tesla shares during a 7% single-day plunge, doubling down on her highest-conviction bet even as the flagship Ark Innovation ETF continues to lag the S&P 500 over the long term. The purchase aligns with Wood's well-known strategy of buying disruptive tech stocks on pullbacks, but fresh data shows the fund has destroyed $7 billion in investor wealth over the past decade.

Micron’s record forecast reignites global chip rally, easing AI jitters
Business

Micron’s record forecast reignites global chip rally, easing AI jitters

Global chip stocks surged Thursday after Micron Technology’s stunning quarterly forecast revived the artificial intelligence rally, calming investor nerves around supply tightness and sustained demand. Shares of the memory chipmaker jumped more than 17% to an all-time high after it projected profit and revenue well above Wall Street estimates, while revealing customers had committed $22 billion to secure memory chip supplies.

SpaceX Goes Public in Landmark $75 Billion IPO, Market Braces for Historic Wave of Mega-Cap Listings
Business

SpaceX Goes Public in Landmark $75 Billion IPO, Market Braces for Historic Wave of Mega-Cap Listings

Space Exploration Technologies Corp. began trading on public markets today in what is being hailed as the largest initial public offering in history, with the company raising roughly $75 billion. The listing not only marks a milestone for Elon Musk’s aerospace venture but also signals a potential windfall for early investors such as Alphabet, which holds a roughly $100 billion stake. Meanwhile, the IPO opens the door for a cluster of trillion-dollar listings, including Anthropic and OpenAI, that could reshape market dynamics in 2026.

Fox’s $22 Billion Roku Bet Backfires as Stock Plunges 17%
Business

Fox’s $22 Billion Roku Bet Backfires as Stock Plunges 17%

Fox shares sank nearly 17% on Monday — its worst single-day drop in years — after the media giant unveiled a $22 billion deal to acquire Roku. The move, which amounts to betting nearly the company’s entire market value on streaming, left investors scrambling for cover even as the broader market rallied.