ServiceNow Stock Draws Large Institutional Interest, Latest Filings Suggest ChangeInstitutional investors including Glenview Trust, Coldstream Capital, and MMBG Investment Advisors sharply increased ServiceNow stakes in the fourth quarter, SEC filings show. ServiceNow shares last traded near $102, valuing the firm at about $106 billion. First-quarter revenue rose 22% to $3.77 billion. Analysts and investors are weighing the company’s AI prospects against sector caution. https://ts2.tech/en/servicenow-stock-draws-large-institutional-interest-latest-filings-suggest-change/
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ServiceNow Stock Draws Large Institutional Interest, Latest Filings Suggest Change
Institutional investors including Glenview Trust, Coldstream Capital, and MMBG Investment Advisors sharply increased ServiceNow stakes in the fourth quarter, SEC
Rigetti Stock’s $100 Million Quantum Deal Has One Big Catch Traders Can’t Ignore
Rigetti Computing shares dipped 0.23% to $26.36 in early premarket trading Tuesday after a two-day surge of over 50%. The move follows Rigetti’s May 21 announcement of a letter of intent with the U.S. Commerce Department for up to $100 million in funding. The award involves issuing new stock to the government at a discounted price, raising dilution risk for current shareholders.
https://ts2.tech/en/rigetti-stocks-100-million-quantum-deal-has-one-big-catch-traders-cant-ignore/
Rigetti Computing shares dipped 0.23% to $26.36 in early premarket trading Tuesday after a two-day surge of over 50%. The move follows Rigetti’s May 21 announcement of a letter of intent with the U.S. Commerce Department for up to $100 million in funding. The award involves issuing new stock to the government at a discounted price, raising dilution risk for current shareholders.
https://ts2.tech/en/rigetti-stocks-100-million-quantum-deal-has-one-big-catch-traders-cant-ignore/
TechStock²
Rigetti Stock’s $100 Million Quantum Deal Has One Big Catch Traders Can’t Ignore
Rigetti Computing shares dipped 0.23% to $26.36 in early premarket trading Tuesday after a two-day surge of over 50%.
Navitas Semiconductor shares rose to around $32 in premarket trading Tuesday, up 9.4% from Friday’s $29.25 close. Two SEC filings from May 22 detailed the issuance of over 3.2 million merger earnout shares and the settlement of a SPAC-era sponsor share dispute. The company remains unprofitable and has increased its share count under prior agreements. First-quarter revenue reached $8.6 million, down from $14 million a year ago.
https://ts2.tech/en/navitas-shares-jump-again-hot-streak-faces-dilution-risk-with-ai-bet/
https://ts2.tech/en/navitas-shares-jump-again-hot-streak-faces-dilution-risk-with-ai-bet/
TechStock²
Navitas Shares Jump Again, Hot Streak Faces Dilution Risk With AI Bet
Navitas Semiconductor shares rose to around $32 in premarket trading Tuesday, up 9.4% from Friday’s $29.25 close.
Marvell Technology traded at $206.75 in premarket Tuesday, up 5.3% from Friday’s close, ahead of its fiscal first-quarter results due after the close Wednesday. Options markets are pricing in a move of up to 12% after earnings. Analysts expect Q1 revenue near $2.41 billion and adjusted EPS of 80 cents, almost 30% higher than last year. Stifel raised its price target to $210, citing strength in optical interconnects.
https://ts2.tech/en/marvell-jumps-before-earnings-with-ai-trade-pointing-at-200/
https://ts2.tech/en/marvell-jumps-before-earnings-with-ai-trade-pointing-at-200/
TechStock²
Marvell jumps before earnings with AI trade pointing at $200
Marvell Technology traded at $206.75 in premarket Tuesday, up 5.3% from Friday’s close, ahead of its fiscal first-quarter results due after the close Wednesday.