Big daily movers: Getty’s merger, Moderna’s shot, and Serve Robotics' sale

Getty Images stock spiked nearly 25% after news that it agreed to merge with rival Shutterstock to create an image-licensing behemoth worth $3.7B. The photo stars said Getty shareholders would own nearly 55% of the merged company.

Moderna shares rose 15% after the first bird-flu death was reported in the US on Monday. The biotech giant’s working on a vaccine for the H5N1 bird flu, which the CDC said had 66 confirmed human cases in the States.

Shares of Serve Robotics, which makes autonomous sidewalk-delivery bots, dropped 18% after it announced an $80M share offering. The Nvidia-backed startup has plans to unleash 2,000 robots in partnership with Uber Eats this year.

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Max Knoblauch37m

American Eagle posts stronger-than-expected Q4 earnings and revenue

If American Eagle has seen farther, it is by standing on the shoulders of Sydney Sweeney.

The jeans seller posted adjusted earnings of $0.84 per share, ahead of the $0.71 expected by analysts polled by FactSet. It booked $1.76 billion in fourth-quarter revenue, versus the $1.74 billion consensus.

Shares initially climbed more than 5% after hours before paring gains to about 2%.

“Compelling new product collections, supported by fresh marketing campaigns, led to higher demand trends in the quarter,” said CEO Jay Schottenstein.

American Eagle said it’s expecting same-store sales to grow by high single digits in the first quarter.

Marketing controversy has proven to be a powerful mover of denim for AE. In its third-quarter earnings call in December, AE said its partnership with Sydney Sweeney — together with a Travis Kelce partnership — had garnered more than 44 billion impressions. The retailer hit meme stock status last July when it initially launched its “Sydney Sweeney has great jeans” campaign.

As of Wednesday’s close, American Eagle shares had climbed 120% since the Sweeney ad first landed.

Luke Kawa

39m

Broadcom posts modest Q1 sales and earnings beats

The custom chip specialist just reported Q1 results.

Luke Kawa

47m

Rigetti Computing posts Q4 sales that fall short of expectations

The quantum computing firm just posted Q4 results.

Tasha Matsumoto

55m

Stocks rebound as investors’ risk appetite resumes

Investors shifted their focus from the war in Iran, resuming a risk-on mood amid surprise economic data

Josh Giddey #3 of the Chicago Bulls grabs a rebound during the second half against the Detroit Pistons on October 22, 2025 at the United Center in Chicago, Illinois.

Luke Kawa3h

Investors are itching to buy the dip in memory stocks

The intense drubbing in South Korean stocks, with the benchmark KOSPI falling nearly 20% in its first two trading days of the week following a Monday holiday, represented a serious threat to the hottest AI trade: memory stocks.

South Korea’s market is dominated by two high-bandwidth memory giants: SK Hynix and Samsung.

After Tuesday’s tumble, US investors seemingly said enough is enough: it’s a buy the dip opportunity.

US memory stocks like Micron, Sandisk, Western Digital, and Seagate Technology Holdings are posting massive gains on the day. The advance comes amid positive commentary on demand for memory chips at a Morgan Stanley conference.

Even more interestingly, the iShares MSCI South Korea ETF is up big today despite the KOSPI falling 12% overnight, its largest drop on record. The ETF’s outperformance of the South Korean equity gauge is the largest since 2008, as the financial crisis raged.

The daily performance of these two can differ materially since they trade at different times, and don’t track precisely the same things. US investors are making the bet that a potential break in this momentum trade and the potential for an unwind of retail leverage in South Korean markets be damned, big drops in memory stocks are meant to be bought.

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