Meta Quietly Drops Forum App to Challenge Reddit
Meta has quietly released Forum, a Reddit-like app for Facebook Groups. Reddit's stock dropped on fears of new competition from the social media giant.
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#News-Driven Stocks↓
AMD Stock Surges as CEO Predicts 35% Annual CPU Growth for 5 Years
AMD shares are rising after CEO Lisa Su forecast more than 35% annual CPU market growth over the next five years, driven by surging AI demand.
China Cracks Down on Foreign Brokers: Futu, Tiger & Longbridge Face Penalties
China is cracking down on brokers helping locals invest abroad, restricting accounts to stop illegal money outflows.
IMAX Puts Itself on the Market Amid Surging Demand for Premium Screens
IMAX has approached major entertainment companies about a potential sale as premium screens drive record box office growth. Netflix also ramps up its theatrical push.
SoftBank Shares Surge Most in 25 Years on OpenAI IPO Plans and SB Energy U.S. Listing
SoftBank shares jumped — their biggest single-day gain in more than 25 years — after OpenAI accelerated IPO plans and SB Energy confirmed its U.S. listing.
Trump Administration Awards $2 Billion to Quantum Computing Firms, Takes Equity Stakes
The Trump administration is awarding $2 billion in grants to nine quantum computing companies, including IBM, and will take equity stakes in the firms to strengthen US tech leadership.