US equities retreated Friday as robust August jobs data drove Fed rate hike odds to 60%. Lululemon tumbled 16% after slashing revenue guidance.
SanDisk (SNDK) stock rallied 8.9% after Nvidia’s $12.9B Hugging Face acquisition highlighted surging AI memory demand. Bernstein holds $3,000 price target.
Planet Labs (PL) stock surged 11% after Q2 revenue reached $116M, exceeding forecasts as defense sector revenue nearly doubled with 90% YoY growth.
Oracle (ORCL) stock rises 2% as Morgan Stanley lifts target to $210 and analysts from Bernstein and Jefferies weigh in before September 10 earnings report.
AMC Entertainment (AMC) stock surged 7% after CEO Adam Aron threatened Robinhood with legal action over tokenized AMC stock tokens not registered in the U.S.
Anthropic is securing a $15B credit facility before an IPO targeting $100B in capital and a $2T valuation, backed by explosive revenue growth.
Micron (MU) stock jumped 4.3% Friday on sustained AI memory demand. The chip maker reports fiscal Q4 earnings Sept 30, which could trigger its next move.
Crypto News
View MoreU.S. employment soared past forecasts in August with 162K jobs added. Markets now price in 60% chance of Fed rate hike at September 16-17 meeting.
Stocks & Shares News
View MoreUS equities retreated Friday as robust August jobs data drove Fed rate hike odds to 60%. Lululemon tumbled 16% after slashing revenue guidance.
SanDisk (SNDK) stock rallied 8.9% after Nvidia’s $12.9B Hugging Face acquisition highlighted surging AI memory demand. Bernstein holds $3,000 price target.
Planet Labs (PL) stock surged 11% after Q2 revenue reached $116M, exceeding forecasts as defense sector revenue nearly doubled with 90% YoY growth.
Oracle (ORCL) stock rises 2% as Morgan Stanley lifts target to $210 and analysts from Bernstein and Jefferies weigh in before September 10 earnings report.
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