A tiny robotics company is more than tripling after drawing attention to its relationship with Nvidia

Memory chip specialist Micron is soaring after Reuters reported that Samsung has raised prices of select memory chips by as much as 60% since September, citing two people with knowledge of the price changes.

Memory chips play a key supporting role in the AI boom by feeding high-powered GPUs with data to process.

Micron, the biggest US memory chip seller, has been on an absolute tear, more than doubling in price since the end of August. Shares recently traded more than 15% above the average analyst price target, a record based on data going back to 2007.

These days, you need a pretty good memory to keep up with all the bullish news flow surrounding memory chip stocks, whether it’s been reports of imminent price hikes for these chips, South Korean memory giant SK Hynix already being sold out of all its 2026 production, or Nvidia CEO Jensen Huang nodding at shortages of these valuable components.

Well, with a bit of time and a lot of volatility, the dust is settling on how Beyond Meat’s refinancing efforts have gone.

This morning, management announced that its new 2030 notes could be converted at a price of about $1.7459, or around 85% above where shares are trading in the premarket in the midst of another big retreat.

The twists and turns that brought us here:

On September 29, the company announced its intention to replace $1.15 billion in convertible notes due in 2027 (with an interest rate of 0%) with a mix of stock and up to $202.5 million in new second lien convertible notes due in 2030 (with an interest rate of 7%). Prior to that, its stock closed at $2.85.

Shortly after management reached a deal with 97% of its 2027 noteholders in mid-October, Beyond Meat became a meme stock. Despite massive dilution that raised the company’s share count by more than 300% and made prior noteholders the new corporate owners, retail traders positioned for a potential short squeeze in the shares, thinking the refinancing would give the company a new lease on life.

Shares rose from a closing low of $0.52 on October 16 to an intermediate closing peak of $3.62 on October 21 — a near 600% rally in just three sessions. That propelled shares to well above where they were trading before these refinancing plans were announced. But the true frenzied zenith for Beyond Meat came the next session, when the stock more than doubled intraday on what were then record volumes of above 2 billion, only to ultimately close slightly lower. The air came out of the balloon almost immediately thereafter.

(A fun aside: in calculating the conversion rate for the 2030 convertible notes, management deems that day to have been a “market disruption event,” which removes it from the calculations and makes the conversion price lower than it otherwise would have been.)

Shares tanked on October 23 on heavy volumes, and then interest and trading activity in Beyond continued to wane — along with its share price. Delaying the release of Q3 results as management tried to figure out how big of a write-down to take and then issuing those numbers along with a weak Q4 sales outlook did nothing to change the narrative.

There’s no reason to think those 2030 notes will be converted any time soon, based on where the stock is trading. Because these 2030 notes provide the opportunity for “payment in kind” and Beyond is in a relatively stressed financial position, interest on these notes can be paid not just with cash but also (more likely) through the issuance of more stock or the accumulation of more debt.

In sum: Beyond Meat eliminated about $800 million in debt and all it got in exchange was a 67% decline in its stock price, a longer runway to make processed peas into faux meat, and an entertaining (and for those who bought into the meme rally without exiting at the right time, painful) story.

There’s been a deep sell-off in formerly high-flying, speculative tech stocks as of late. Third-quarter results from POET Technologies are digging the company a bigger hole, with shares down double digits as of 7:20 a.m. ET.

The optical communications company reported a loss of $0.11 per share for Q3, worse than the $0.09 loss per share that analysts anticipated, per FactSet.

Revenues for the quarter were limited, at under $300,000, but should begin to pick up more meaningfully in the second half of next year, when the company expects it’ll begin to ship optical engines that were recently ordered.

“The placement of two successive initial production orders from two key customers valued at over $5.6 million is the beginning of a revenue ramp which we expect to increase steadily throughout 2026,” said Dr. Suresh Venkatesan, chairman and CEO of POET Technologies.

Venkatesan previously told us that the company’s focus this year “has been to cross that last hurdle of ensuring that the technology that we’re developing is truly manufacturable at scale and at wafer scale.”

For POET, and for the broader speculative tech space at large, it’s seemingly going to take something else to arrest and reverse their recent swoons.

StubHub has plummeted in premarket trading after reporting earnings results last night that missed Wall Street estimates, with shares down 20% at 4:50 a.m. ET.

The company reported a loss per share of $4.27, compared to the $2.87 loss analysts polled by FactSet were expecting. StubHub said the steeper-than-expected losses were in part related to costs from its recent initial public offering. Still, the company reported $468 million in sales, more than the $452 million analysts were penciling in.

StubHub’s larger competitor, Live Nation, also reported earnings earlier this month that missed the Street’s estimates.