FuboTV Stock Plunges Despite ESPN Partnership and Revenue Growth
FuboTV (FUBO) shares drop 21% to $1.79 after reporting Q1 losses, despite 40% revenue jump and new ESPN distribution deal. Company plans reverse stock split.
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BlackSky Wins New Defense Contracts for Gen-3 Space Intelligence Services
BlackSky secures new international defense contracts for its Gen-3 Assured services, highlighting growing demand for fast, reliable space-based intelligence.
Anthropic’s Claude Shakes Legal Software and Publishing Stocks
New legal plug-ins from Anthropic’s Claude spark sell-off in legal software and publishing stocks as AI disruption fears grow.
FedEx Stock Gets a Boost as Major Banks Turn More Optimistic
Bernstein and Wells Fargo upgraded FedEx stock, citing better fundamentals, a freight spinoff, and strong earnings potential through 2029.
Cyngn Partners with NVIDIA to Fast-Track Self-Driving Forklifts
Cyngn uses NVIDIA Isaac Sim to test autonomous forklifts in virtual warehouses, speeding up development and reducing costs for industrial automation.
Intel and SoftBank Join Forces to Develop AI-Ready Memory Technology
Intel and SoftBank's Saimemory partner on next-generation memory tech for AI computing. ZAM program targets 2029 commercialization with improved performance and efficiency.