Reddit (RDDT) stock dropped ~10% Thursday as CTO and COO sold millions in shares. Analysts flag weak ad sales and slowing growth. Down 40% YTD.
Analysts from Mizuho and Morgan Stanley see the recent memory stock selloff as a buying opportunity, highlighting Samsung, SanDisk, and ASML as top picks.
PayPal (PYPL) stock trades at $44 following a 33% drop. The company adds former Square CEO Alyssa Henry to its board amid leadership changes.
Best Buy (BBY) stock surged 5.3% on takeover speculation as GameStop (GME) may be eyeing the electronics retailer for a major acquisition.
OpenAI cancels adult chatbot feature for ChatGPT and shuts down Sora video app, ending a $1 billion Disney deal as it refocuses strategy.
Alphabet (GOOGL) stock drops 2% as Waymo logs 170M miles and search share rises to 75%. Morgan Stanley and Evercore maintain buy ratings with high targets.
AppLovin (APP) stock dropped 9% Thursday despite strong Q4 earnings, as short sellers intensify attacks and macro headwinds weigh on investor sentiment.
Uber (UBER) stock fell 1.3% as the company launched Europe’s first commercial robo-taxi service in Zagreb, Croatia, with partners Pony.ai and Verne.
Lumentum (LITE) stock reached record $808.80 high driven by S&P 500 inclusion, analyst upgrades, and new AI laser facility with Nvidia as customer.
William Blair downgrades Adobe (ADBE) stock to Market Perform, citing fierce AI competition from Canva, Figma, and new entrants threatening margins.