CoreWeave's shares fell 6% for the second consecutive day as investors express concerns about the company's high borrowing levels related to its artificial intelligence expansion. Similarly, Rocket Lab's stock dropped nearly 10% after announcing a delay in the launch of its Neutron rocket to 2027, raising doubts about its operational timeline.
SK Hynix also saw a decline of over 7%, reflecting investor anxiety regarding funding for AI initiatives, compounded by a 7.6% drop in the South Korean Kospi index. In contrast, Penske Automotive's shares surged 8% following the announcement that it would be taken private by Motown Acquisition Corp. for $212 per share, which is a nearly 9% premium over its previous closing price.
Walmart's stock increased by more than 2% after Deutsche Bank upgraded it to a buy rating, citing a favorable outlook for 2027 and potential improvements in margins due to current inflation levels. Crocs experienced a nearly 2% rise after Barclays upgraded its rating to overweight, highlighting the company's advancements in product innovation and international growth