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Netflix NFLX stock rose more than 4% on Thursday after billionaire investor Bill Ackman’s Pershing Square Capital Management disclosed a new stake in the streaming giant, marking a return to the company more than four years after exiting its previous investment at a loss.

In its second-quarter shareholder letter, Pershing Square revealed it had acquired a 4.9% portfol...


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SanDisk SNDK stock surged on Thursday after the memory chipmaker unveiled ambitious long-term financial targets and sought to reassure investors that demand for memory used in artificial intelligence infrastructure will remain strong through the end of the decade.

Shares climbed around 15% after the company’s 2026 Investor Day, extending recent gains and making SanDis...


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Anthropic is reportedly targeting a valuation of at least $2 trillion in a potential October IPO, while Chinese memory-chip maker CXMT has overtaken Tencent to become the country’s most valuable listed company.

Gold prices retreated from two-month highs as investors booked profits after fresh US inflation data, and oil pared steep losses after reports of a drone atta...


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US stocks ended higher on Thursday, with the S&P 500 closing at a fresh record as easing inflation data, falling oil prices and continued strength in technology shares lifted investor sentiment.

The S&P 500 rose 0.66% to close at 7,799.73 after briefly crossing the 7,800 mark for the first time during the session.

The Nasdaq Composite gained 0.81% to 2...


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Workday (WDAY) shares closed meaningfully higher on Thursday following a Reuters report that the private equity giant Silver Lake is in discussions to acquire the cloud software provider.

Talks between the two firms have reportedly taken place behind closed doors in recent months.

The media report brought a much-needed reprieve to Workday stock that’s ...


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