Morgan Stanley: Alcoa’s Sharp Selloff on Alumina Pressure Appears Overdone
Alcoa shares fell on Wednesday after profit warnings on alumina losses driven by energy costs and geopolitical disruptions. Morgan Stanley remains positive.
Alcoa shares fell on Wednesday after profit warnings on alumina losses driven by energy costs and geopolitical disruptions. Morgan Stanley remains positive.
Lucid stock plunged to a new all-time low at $4.74 after long-time engineering & software SVP Emad Dlala exited amid new CEO Silvio Napoli’s leadership shake-up.
Crusoe paused a huge Wyoming data center project; Bloom Energy deal involved, but analysts say long-term outlook stays strong.
CEO Vlad Tenev says the move will disrupt Wall Street and give retail investors bigger access to hot IPOs like SpaceX.
Amazon expands its freight service to all US businesses, hitting rivals like Old Dominion as shares fall on competition fears.
Supermicro announced a $7 billion equity and equity-linked offering to fund $39 billion in new AI server orders from over 20 customers.