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Yahoo
11-07-2025
- Business
- Yahoo
Why CoreWeave Stock Plummeted Today
CoreWeave stock sank today after Needham lowered its rating on the stock from buy to hold. CoreWeave's $9 billion all-stock acquisition of Core Scientific has some investors feeling jittery about valuations. 10 stocks we like better than CoreWeave › CoreWeave (NASDAQ: CRWV) stock got hit with a big pullback in Thursday's trading. The company's share price fell 9.6% in a session that saw the S&P 500 (SNPINDEX: ^GSPC) rise 0.3% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) trade essentially flat with the previous day's close. CoreWeave's valuation took a hit today after an investment firm pivoted away from its bullish position on the stock in new coverage. Despite the pullback, the company's share price is still up roughly 246% from market close on the day of its initial public offering (IPO) in April. Needham published updated coverage on CoreWeave before the market opened today and lowered its rating on the stock from buy to hold. While the investment firm did not issue a price target for the stock, it raised valuation concerns despite also noting that it sees the roughly $9 billion all-stock acquisition of Core Scientific as a good fit for the company. The acquisition is set to further bolster CoreWeave's processing capacity for artificial intelligence (AI) applications, but the company will also be issuing a lot of new stock to fund the deal. CoreWeave's acquisition of Core Scientific is expected to close in the fourth quarter and represents a major step in the push to bolster positioning in AI processing and high-performance computing. The combination of the two businesses should be beneficial for CoreWeave and strengthen its processing footing, but it's also not surprising to see the stock pulling back following news of the big, all-stock buyout. Using new shares to fund the deal on the heels of a big run-up for the stock may not be an issue over the long term, but it may be raising valuation concerns for some investors. Before you buy stock in CoreWeave, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CoreWeave wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $694,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $998,376!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why CoreWeave Stock Plummeted Today was originally published by The Motley Fool
Yahoo
10-07-2025
- Business
- Yahoo
Why Wolfspeed Stock Is Sinking Today
Wolfspeed's stock plummeted nearly 19% after a meteoric 500% post-bankruptcy rally. Wolfspeed expects to reduce its debt by 70% and interest payments by 60%, providing some relief as it reorganizes. 10 stocks we like better than Wolfspeed › Shares of Wolfspeed (NYSE: WOLF) are sinking on Thursday, down 19.9% as of 2:26 p.m. ET. The fall comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 0.3% and 0.1%, respectively. The sharp drop doesn't appear to be motivated by any specific news; rather, investors are shedding shares after a major run-up over the past two weeks. Late last month, the embattled chipmaker filed for Chapter 11 bankruptcy and will continue to operate through the process. When it emerges from bankruptcy, Wolfspeed expects to have reduced its debt by 70% and its interest payments by 60%, giving the company some breathing room. From the announcement through Tuesday of this week, the stock skyrocketed more than 500%. It's more than natural for it to retreat after a run like that. Wolfspeed also announced earlier this week that, effective Sept. 1, Gregor van Issum will join the company as its new CFO. Van Issum brings significant experience with strategic financing and transformation in the tech sector, which the company says aligns with its turnaround strategy. While the news has been mostly positive for the past few weeks, I don't think it is enough. There are still too many hurdles ahead to recommend the stock, especially larger trends in its revenue -- it's shrinking -- as the electric vehicle industry it sells to sees its own issues. I believe this latest rally has more to do with hype than reality. Before you buy stock in Wolfspeed, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Wolfspeed wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $694,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $998,376!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Wolfspeed. The Motley Fool has a disclosure policy. Why Wolfspeed Stock Is Sinking Today was originally published by The Motley Fool
Yahoo
01-07-2025
- Automotive
- Yahoo
Tesla Sank Today -- Is the Stock a Buy Right Now?
Tesla stock fell Tuesday in conjunction with multiple bearish catalysts. Elon Musk's feud with Trump was a factor in the sell-off, but concerns about vehicle shipments could have been a bigger factor. Tesla has plenty of long-term growth opportunities, but its near-term outlook seems challenging. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) stock got hit with a substantial valuation pullback in Tuesday's trading. The electric vehicle (EV) leader's share price ended the daily session down 5%. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) fell 0.1%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 0.8%. News involving Tesla played a significant role in pushing the broader market lower in Tuesday's trading. After hitting record highs in Monday's session, some investors were likely already poised to take profits -- and another ramp-up in the feud between Elon Musk and President Trump prompted sell-offs for Tesla that had ripple effects for other tech stocks. Adding another bearish catalyst, the U.S. Senate passed President Trump's tax and budget bill without a provision that would have limited the ability of states to craft their own artificial intelligence (AI) regulations. With today's pullback, Tesla stock is now down 13% over the last month and roughly 26% across 2025's trading. While Tesla's robotaxi service has now launched in Austin, Texas, it could take a while for the business to scale substantially. Meanwhile, the core auto business faces the risk of sustained headwinds in the near term. Worsening relations between Trump and Musk could result in a less favorable growth backdrop for Tesla, but some valuation fundamentals look risky even if the tensions prove to be short-lived. Trading at roughly 10 times this year's expected sales and 161 times expected earnings, the company's valuation has some big wins already priced in, even as vehicle unit sales are seeing significant declines. Tesla has a strong track record and the foundations for ramping up its robotaxi and autonomous driving units, but a weaker sales outlook for its core EV business makes shares a risky play right now. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $409,737!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,949!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $722,181!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 30, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Tesla Sank Today -- Is the Stock a Buy Right Now? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
23-06-2025
- Business
- Yahoo
Why Novo Nordisk Stock Is Sinking Today
Novo Nordisk has ended its partnership with Hims & Hers Health. The company also released disappointing data from an important trial. 10 stocks we like better than Novo Nordisk › Shares of Novo Nordisk (NYSE: NVO) are tumbling on Monday, down 5.6% as of 2:11 p.m. ET. The drop comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) both jumped 0.7%. The Danish pharmaceutical giant's stock fell after it announced it was severing ties with Hims & Hers Health, as well as releasing experimental data for an obesity drug that failed to impress investors. Novo Nordisk announced this morning that it is ending its partnership with Hims & Hers, which allowed the telehealth provider to sell Novo's blockbuster weight-loss drug, Wegovy. The company said that Hims & Hers had "failed to adhere to the law, which prohibits mass sales of compounded drugs under the false guise of 'personalization,'" alleging that, among other things, Hims & Hers produced its version of the drug using Chinese suppliers never approved by the FDA. Novo Nordisk presented trial results from its trials evaluating the efficacy of CagriSema, another weight-loss drug. Patients with chronic obesity lost an average of 22.7% of their body mass at 68 weeks. While that number is significant, it is less than the 25% the company has been aiming for, disappointing investors. Despite the disappointment, I think the pharmaceutical company is still in a solid position to continue competing in the uber-lucrative weight loss drug market, although rival Eli Lilly looks to be in a better position at the moment. Before you buy stock in Novo Nordisk, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Novo Nordisk wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Hims & Hers Health. The Motley Fool recommends Novo Nordisk. The Motley Fool has a disclosure policy. Why Novo Nordisk Stock Is Sinking Today was originally published by The Motley Fool
Yahoo
22-06-2025
- Business
- Yahoo
Why Applied Optoelectronics Stock Skyrocketed Today
Applied Optoelectronics stock rocketed higher Friday thanks to new financing disclosures from the company. The tech specialist announced that one of its subsidiaries had taken on a new loan that was used to pay a previously existing loan. News of the refinancing move follows an announcement that the company recently made a major product shipment to a hyperscaler customer. 10 stocks we like better than Applied Optoelectronics › Applied Optoelectronics (NASDAQ: AAOI) stock soared higher again in Friday's trading. The tech specialist's share price rose 18.6% in the daily session despite a 0.2% decline for the S&P 500 (SNPINDEX: ^GSPC) and a 0.5% fall for the Nasdaq Composite (NASDAQINDEX: ^IXIC). Applied Optoelectronics' valuation surged today thanks to news that one of the company's subsidiaries had reworked previously existing debt agreements. The stock climbed roughly 39% over the last week of trading. After the market closed on Wednesday, Applied Optoelectronics submitted a filing to the Securities and Exchange Commission (SEC) revealing two significant financing changes for its Global Technology subsidiary. Because the stock market was closed for the Juneteenth federal holiday on Thursday, the investor reaction to the new disclosures was pushed into today's trading. As per the filing with the SEC, Applied Optoelectronics' Global Technology has entered into a one-year credit agreement with China Construction Bank totaling 96.8 million Chinese renminbi -- which works out to roughly US$111.55 million based on the current exchange rate. Applied Optoelectronics said that the funding from the new agreement had been used to pay back other outstanding loans with Shanghai Pudong Development Bank. Despite this week's rally, Applied Optoelectronics stock is still down roughly 36% across the year due to uneven business performance and concerns about the company's financing. On the other hand, the company has recently announced significant shipments for its high-speed data center transceivers for a major data center customer. Along with some indications that the company could see an increase in demand powered by artificial intelligence (AI) initiatives from cloud hyperscaler customers, the recently announced financing moves suggest that the company has a found a near-term solution to some of its financing challenges. Before you buy stock in Applied Optoelectronics, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Applied Optoelectronics wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Applied Optoelectronics Stock Skyrocketed Today was originally published by The Motley Fool
