Shares of On Holding Tumble Following CEO Shake-Up
On Holding shares fell after announcing a major leadership shake-up. Co-founders David Allemann and Caspar Coppetti will serve as Co-CEOs from May 1, 2026, as CEO Martin Hoffmann steps down.
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Space Stocks Surge as SpaceX IPO Rumors Heat Up
Space stocks jump in premarket as reports say Elon Musk’s SpaceX plans to file for a massive $75B+ IPO as soon as this week. Rocket Lab, ASTS, and others rise on the news.
Wolfe Research Raises GM Rating – $96 Target and Strong 2027 Outlook
Wolfe Research upgraded General Motors to Outperform and set a $96 price target. Strong 2027 tailwinds expected from pickup refresh, lower warranty costs, reduced tariffs, and better EV results.
Cipher Digital Lands Massive 15-Year AI Data Center Deal & $200M Credit Line
Cipher Digital just signed its third 15-year hyperscale data center lease and secured a $200M revolving credit facility.
Software Stocks Plunge as Amazon’s New AI Agent Sparks Disruption Fears
Software stocks (IGV) dropped 4.3% after Amazon revealed it’s building AI agents to automate sales, cybersecurity and networking jobs.
Vertiv Boosts AI Cooling Power with ThermoKey Acquisition and Major Factory Expansions
Vertiv agrees to acquire Italian cooling specialist ThermoKey, expanding its thermal management portfolio for high-density AI data centers. Vertiv also announces major factory expansions in the Americas to meet surging AI demand.