Micron Technology's shares rose over 7% following its announcement of a $3 billion investment aimed at enhancing the U.S. semiconductor supply chain, contributing to a broader positive trend in the semiconductor sector.
Mara Holdings' stock surged 15% after the company revealed plans to acquire over 1,200 acres of land in Texas, which will more than double its power capacity to approximately 4.8 gigawatts. Conversely, Paramount Skydance's shares fell 6% amid reports of impending anti-trust lawsuits from several U.S. states regarding its acquisition of Warner Bros. Discovery.
Qiagen's stock increased by 10% after reports indicated interest from firms like EQT and KKR in a potential acquisition, with offers possibly exceeding $50 per share. AstraZeneca's shares dropped 6% after its heart disease drug Wainua failed to meet targets in a late-stage clinical trial.
PepsiCo reported mixed second-quarter results, with adjusted earnings of $2.20 per share falling short of expectations, leading to a 3% decline in shares. Salesforce's stock decreased by 2% following a downgrade from KeyBanc, citing concerns over future growth.
Levi Strauss saw a 2.3% increase after surpassing earnings expectations, while Cerebras Systems' shares rose 11% due to plans for a significant European expansion. Costco's shares fell 4% after reporting a slowdown in comparable sales growth for June