The Wire
LivePerson's (LPSN) SoundHound (SOUN) deal has 97% support. So why was the vote delayed?
LivePerson's special meeting was gaveled open and immediately adjourned. More than 97% of votes cast backed the SoundHound deal, but not enough shares voted at all.
Four Korean stocks hit their 30% daily limit on Moderna's cancer-vaccine trial win. Three actually work in mRNA, and the fourth makes semiconductor equipment.
Somagen, Naibec, Genexine and Samyang Biopharm all hit Korea's 30% daily limit on Moderna's cancer-vaccine trial win, and each has a disclosed mRNA business behind it, except one. Entutech hit the same limit riding a five-year-old rumor. It makes semiconductor equipment.
HIVE Digital (HIVE) director sold every share he owned. The next day, Bitcoin's rally sent the stock up.
HIVE director Dave Perrill sold all 100,000 shares he held directly on August 19, the second time this year he's sold every share he owned. The next morning, Bitcoin rallied and HIVE Digital Technologies climbed with it. Four different HIVE insiders have filed six Form 4 sales since June, and none have bought.
Moderna (MRNA) options bought for a penny Tuesday were worth $96 by Wednesday. That's a one-day gain of 965,200%.
MRNA call options bought for a penny on Tuesday were worth $96 a share by Wednesday, a 965,200% gain in one day, after Moderna's Merck-partnered melanoma vaccine trial succeeded. A $100 bet on them would have been worth $965,300 if sold at the high.
Kospi rebounds 5.89% after worst day in weeks as SK Hynix announces $28.6 billion buyback
The Kospi fell 5.80% on Wednesday, its worst day in weeks, then rose 5.89% the next day. SK Hynix's $28.6 billion buyback and easing global interest rates drove one of its sharpest two-day reversals this year.
CoreWeave (CRWV) signed a multibillion-dollar AI cloud deal with Hudson River Trading, but neither company disclosed the terms.
CoreWeave signed a multi-year deal with Hudson River Trading to power the quant trading firm's AI research on Nvidia Vera Rubin NVL72 and HGX B200 systems. Neither company disclosed a dollar figure. It's CoreWeave's latest large infrastructure deal after a $21 billion Meta contract and a $104 billion revenue backlog.
Nvidia's three biggest customers are 54% of its revenue. Lucent's biggest was 15% before the last bubble burst.
Nvidia's quarterly filing shows three direct customers at 21, 17 and 16 percent of revenue. Lucent disclosed only one customer above 10 percent, AT&T, which peaked at 15 percent before a collapse that cost it $16.1 billion in a single year. The scale of today's exposure is larger, but the accounting that actually destroyed Lucent is absent from Nvidia's guarantee.
Six Iridium (IRDM) insiders sell $19.3M below Rocket Lab's $54 deal value
Rocket Lab agreed to pay Iridium a notional $54 a share. In one week, six insiders sold $19.3 million of IRDM stock near $50, none of it under a trading plan.
Millennium Management raises T1 Energy (TE) stake to 5.5% after buying the July crash
Millennium Management's stake in T1 Energy (TE) hit 5.5% on Aug. 14, two weeks after a filing showed it had dipped to 4.4%. Here's what the SEC paperwork actually shows, and what it doesn't.
Serve Robotics (SERV) CEO, COO and CFO all sold stock this week, and only half of it was mandatory
On Aug. 19, Serve Robotics' CEO, COO and CFO all filed Form 4s covering sales from Aug. 17-19, about 124,000 shares for $585,000 combined, and about half of it wasn't tied to mandatory tax withholding.
Cerebras showed up in 16 hedge fund filings at once, worth $4.6 billion. Insiders just filed to sell $49 million in stock.
Altimeter reported $1.60 billion of Cerebras and Coatue $1.55 billion. Between them that is two thirds of the $4.64 billion disclosed across 16 funds.
Marvell (MRVL) jumps 13% after giving Google a warrant worth up to $12.2 billion in new AI chip deal
Marvell signed a custom AI chip deal with Google and issued a warrant for up to 58.97 million shares at $206.58 each, worth about $12.2 billion. MRVL jumped as much as 13%, while Broadcom and other AI chip suppliers fell.
Nebius (NBIS) is selling $4.5 billion of convertible notes, and the stock dropped about 9% on the news
Nebius announced a $4.5 billion convertible notes offering split between 2030 and 2034 maturities, plus exchanges of its existing 2029 and 2031 notes for new shares. NBIS shares fell about 9% Wednesday on the dilution risk.
Samsung shareholders want a $32.5 billion buyback, and they're moving to force a vote on it. SK Hynix just committed $28.6 billion to the same idea.
A shareholder group called ACT wants Samsung to buy back and cancel 45.5 trillion won ($32.5 billion), three days before SK Hynix approved its own 40 trillion won buyback, and is pushing to force a shareholder vote on it.
Four states now publish how much announced data center demand they actually expect. All four throw out most of it.
Between December 2025 and August 2026, utilities and grid operators in four states each published their own count of how much announced data center demand they expect to serve. Seven filings, no shared method, and every one of them removes most of what it was asked for. None of the figures are new; the pattern across them is.
SK Hynix will buy back 40 trillion won of stock and cancel all of it. The board voted hours after the shares fell 9.75%.
SK Hynix approved a 40 trillion won ($28.6 billion) buyback and said it will cancel every share, the largest buyback and cancellation by a Korean listed company, hours after its stock fell 9.75 percent in Seoul.
Pennsylvania will not permit a data center until the town says yes. The state has fully permitted five of more than 100 proposed projects.
Governor Josh Shapiro signed an executive order on Aug. 18 barring Pennsylvania's DEP from issuing a data center permit before the project secures local approval. The state's own count puts more than 100 projects in public databases, 15 with permit applications filed, and five holding every permit needed for a first phase.
AMD insider sells $7.7 million near the stock's peak, but there's more to the story
AMD's chief sales officer, Paul Darren Grasby, sold $7.72 million of stock on Aug. 17 with no 10b5-1 plan behind it. It looks alarming until you notice it's his fifth open-market sale in a year.
WhiteFiber is selling $250 million more in convertible debt, and warns it will still need more. WYFI fell 30%.
WhiteFiber (WYFI) proposed $250 million of convertible notes due 2032, its second convert of the year, and warned it will still need more financing. The stock fell close to 29% from Friday's close.
Michael Burry says Etched is 'serious competition' for Nvidia. The catch is what its chip can't run.
Michael Burry, who has bet against Nvidia (NVDA) all year, called AI chip startup Etched 'serious competition' on Tuesday. Etched's Sohu chip is 10 to 20 times faster at one job, but it can't run several of the model types teams deploy most, and it's raising at up to $21 billion before shipping at scale.
For the first time, more money is going into running AI than building it. What that means for Nvidia (NVDA), Broadcom (AVGO), Marvell (MRVL) and AMD
Inference, running AI models, now costs more than training them, and that rewards custom chips and memory over raw GPUs. Here's what it means for Nvidia, Broadcom, Marvell, AMD and Micron.
SK Hynix’s (SKHY) HBM4 may cost Nvidia (NVDA) nearly twice as much as HBM3E. Samsung wants the same deal.
Two research firms estimate SK Hynix's HBM4 costs Nvidia about twice as much per gigabyte as HBM3E. SK Hynix has not confirmed the number, and Samsung Electronics is chasing the same price for its own HBM4.
Twenty hedge funds disclosed $35 billion of SpaceX (SPCX). D1 Capital put 62% of its portfolio into it
D1 Capital put 62% of its portfolio into SpaceX. Glade Brook put 99%. Across 20 funds the disclosed total reached $35.43 billion.
Foreigners drove the Kospi to a record high on Samsung and SK Hynix. Local institutions sold the whole gain the same day.
The Kospi set a record high on Aug 18 as foreign buyers pushed Samsung and SK Hynix higher, then Korean institutions sold 1.19 trillion won into the rally and the index closed down 1.55 percent.