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SpaceX stock slide sends chill through tech rally, investor says
Reuters Videos54d agobullishVIDEO
SpaceX stock slide sends chill through tech rally, investor says

<body><p>STORY: After a blockbuster initial public offering this month, SpaceX's stock has been on a wild ride, soaring 67% to its June 16 intraday high of $225.64 before tumbling to Thursday's $153 close.</p><p>And on Friday, a report that fellow AI powerhouse OpenAI was considering delaying its public debut until next year weighed on risk sentiment toward the tech space.</p><p>Conzo said that while the market believes in the future of AI and the heavy investment needed to build it, investors are still wondering when the CapEx spending will start to "really yield profits for the companies that are going to use it?"</p></body>

Virgin Galactic Rises 13%, AST SpaceMobile Jumps 9%, Rocket Lab Climbs 5%: Is This a Re-Rotation Out of SpaceX?
24/7 Wall St.54d agobullish
Virgin Galactic Rises 13%, AST SpaceMobile Jumps 9%, Rocket Lab Climbs 5%: Is This a Re-Rotation Out of SpaceX?

Space stocks are catching a bid in Friday midday trading. Virgin Galactic (NYSE:SPCE) stock is up 13% to $2.83, AST SpaceMobile (NASDAQ:ASTS) stock is up 9% to $71.72, and Rocket Lab (NASDAQ:RKLB) stock is up 5% to $84.40. The synchronized move has reignited a familiar debate on trading desks and financial social media. The question ... Virgin Galactic Rises 13%, AST SpaceMobile Jumps 9%, Rocket Lab Climbs 5%: Is This a Re-Rotation Out of SpaceX?

Sezzle CEO Says BNPL Market Share Is Coming From Regional Banks, Not Rivals, as Stock Soars 150% YTD
24/7 Wall St.54d agobullish
Sezzle CEO Says BNPL Market Share Is Coming From Regional Banks, Not Rivals, as Stock Soars 150% YTD

Sezzle CEO and Executive Chairman Charlie Youakim appeared on CNBC’s Squawk Box on Friday, June 26, to argue that the buy-now-pay-later sector is pulling market share from legacy regional and community banks and credit unions that never built the digital-first payment rails that younger consumers now expect. “The losses are coming from these nonpublic companies… they just don’t have the technological ... Sezzle CEO Says BNPL Market Share Is Coming From Regional Banks, Not Rivals, as Stock Soars

MediaPost54d agobullish
iHeartMedia Expands Ad Partnership With Amazon

Buying platforms often do not include audio as a major part of their ad inventory. A recent partnership could change this, with separate data that makes the case stronger by showing how audio increases a campaign's conversion rates.

Micron Just Beat Wall Street and It ‘Reset the Entire Industry’
24/7 Wall St.54d agobullish
Micron Just Beat Wall Street and It ‘Reset the Entire Industry’

Memory chips are boring until they aren’t, and Wednesday afternoon they stopped being boring. Micron Technology (NASDAQ:MU) guided fiscal fourth-quarter revenue to $50 billion, plus or minus $1 billion, against a Wall Street consensus parked around $43 billion. Bloomberg Tech host Ed Ludlow, on Bloomberg Businessweek Daily, summed up the move with a line that ... Micron Just Beat Wall Street and It ‘Reset the Entire Industry’