Mara Holdings experienced a 2% decline after JPMorgan downgraded its rating to underweight, citing that competitors have better growth prospects in data centers. In contrast, Rum Group's shares surged 18% following a report of a six-year, $13.7 billion deal with Anthropic for computing power.
Chip stocks faced a downturn, with Nvidia dropping nearly 3% and both Intel and AMD falling 4%, as AI executives called for a slowdown in AI development. Energy stocks rose due to increasing crude oil prices, with APA gaining 2% and EOG Resources up 1.6%.
Cybersecurity stocks thrived amid rising concerns over AI safety, with the First Trust Nasdaq Cybersecurity ETF increasing by 6% and Palo Alto Networks jumping 13%. Conversely, Hewlett Packard Enterprise's shares fell almost 9% after Evercore ISI downgraded its rating.
Affirm's stock rose over 3% following an upgrade from Wolfe Research, while Baldwin Insurance Group's shares climbed nearly 8% after announcing a buyout at $32.50 per share. Elmet Group's stock soared 36% due to a $450 million investment from the Department of War aimed at bolstering the tungsten supply chain.
Roblox also saw an 11% increase after unveiling new features at its developers conference, enhancing accessibility and creator tools