Gapping down
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- XP -5.1%, LUXE -3.9%, NRGV -1.6%
Other news:
- SITM -5.3% (Offers $1.1 billion of 2031 convertible senior notes to help fund Renesas timing business asset acquisition)
- YMT -4.5% (Received Nasdaq notice for failing minimum market value listing requirement, with until November 9, 2026 to regain compliance.)
- CRWV -3.7% (Blackstone announced a joint venture with Google to launch a U.S.-based TPU cloud company.)
- NBIS -3.3% (Announced a joint venture with Google to launch a U.S. TPU cloud company, backed by Blackstone's $5 billion commitment.)
- STX -3.1% (Underperformed yesterday after CEO said building new factories would take too long to keep pace with surging memory demand.)
- AKAM -2.6% (Announced a $2.6 billion convertible senior notes offering and plans to use proceeds for note hedges and share repurchases.)
- LITE -2.3% (Received multiple orders for G10-AsP platform from Lumentum, according to AIXTRON announcement.)
- HUT -2.3% (Agreed to invest about $16 million to expand water infrastructure for its River Bend AI data center campus.)
- VRT -2.0% (Follow-through selling on heels of yesterday's weakness.)
- KRRO -1.7% (Added KRRO-111 for potential AATD treatment to its pipeline, a GalNAc-conjugated oligonucleotide designed to restore normal AAT protein.)
- GSIT -1.7% (Awarded Phase I of a Smart City project by Hsinchu County, Taiwan, deploying its Gemini-II APU pilot system.)
- ERIC -1.6% (Partners with Net Feasa to provide real-time agentic AI-based connectivity and monitoring for maritime and container shipping.)
- ALGT -1.5% (Added eight new nonstop routes and offered introductory one-way fares as low as $59 plus bonus rewards points.)
- CGEN -1.4% (Files for a $400 million mixed securities shelf offering.)
- ONTO -1.4% (Priced upsized $1.3 billion private offering of 0.00% convertible senior notes due 2031.)