Markets
markets
Luke Kawa
7/28/25

Samsung soars after Elon Musk says Tesla signed a deal to buy $16.5 billion in new AI chips

Shares of Samsung Electronics had their best day of the year, rising 6.8% during trading in South Korea after the electronics giant announced a $16.5 billion chip manufacturing deal.

Loose terms of the agreement, which runs through 2033, were detailed in a release from Samsung — but no information on the customer was provided. Elon Musk seemingly confirmed that Tesla was the buyer on Sunday night by replying “yes” on X to a user who asked about the veracity of a report from Bloomberg News.

Per Musk, Samsung will produce Tesla’s AI6 chips, next-generation processors that are expected to enhance the company’s autonomous driving capabilities in the years to come.

Shares of Tesla are up about 2% in premarket trading.

Samsung currently makes the AI4 chips that are used in Tesla’s self-driving system. Industry leader TSMC is responsible for producing Tesla’s AI5 chips, which have yet to enter into service. Its stock is down 1% in premarket trading.

Musk also expressed optimism that the agreement would see much higher output than Samsung outlined, adding that these processors will be made at a new foundry in Taylor, Texas, which “is conveniently located not far from my house 😀.”

Samsung has not yet confirmed details as to where this order will be manufactured. Reuters has previously reported on the struggles of its Texas plant to get up and running, with Samsung delaying the start of operations and holding off on taking delivery of equipment from ASML in light of sluggish demand. ADRs of the Dutch semi equipment titan are up 3.5% as of 6:25 a.m. ET.

This deal “implies a recovery in its foundry business’ 2-nanometer generation chip production,” Bloomberg Intelligence analysts Masahiro Wakasugi and Takumi Okano wrote. “It could also lead to new contracts with other fabless chip companies.”

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Nia Warfield, Luke Kawa
9/12/25
S&P 500 goes nowhere, Nasdaq 100 hits another record, small-caps tumble

Warner Bros. Discovery led gains for the second day in a row, and only three S&P 500 sector ETFs finished in the green.

Horse Ranch In Zhangye
markets
Matt Phillips
9/12/25

Rocket lab soars to new record close amid rally for retail faves

Rocket Lab ripped by roughly 10% Friday to close at a new all-time high, riding an upturn of retail enthusiasm for a coterie of tech-themed favorites, even as the broader market was more or less flat on the day.

Goldman Sachs’ basket of “retail favorites” — its heaviest weights are Reddit, AppLovin, and Tempus AI — was the second-biggest gainer among the company’s flagship US equity baskets on Friday, rising about 1.6%. The S&P was almost dead flat.

It’s not Rocket Lab’s first retail rodeo, as the money-losing company has more than doubled this year and is up nearly 700% over the last 12 months.

Oracle Wall Street Revisions

Analysts revise up anything and everything they thought about Oracle

After the company’s bombshell earnings this week, Wall Street thinks Oracle’s trajectory has changed.

Matt Phillips9/12/25
markets
Nia Warfield
9/12/25

Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season pass sales heading into the fall. The nine-week period ended August 31 saw 17.8 million guests, up about 2% from the same stretch last year, with stronger momentum in the final four weeks. 

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up about 3%.

The good vibes come despite a drop in in-park per-capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant signed a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down about 52% year to date.

markets
Max Knoblauch
9/12/25

Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’s “big, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

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