Latest big drops
- GEV Down 10.64%
GE Vernova sinks 11% on Meta's AI spending scare, not its own news
GE Vernova had no news of its own. It fell with other AI power stocks after Meta's results raised doubts about who pays for the AI build-out.
- META Down 6.98%
Meta falls 7% as AI spending outruns the cash its business makes
Meta beat forecasts, but AI spending pushed its free cash flow below zero, and it created new shares it could sell to fund more.
- MRNA Down 17.6%
Moderna falls 18% as strong cancer-vaccine data misses sky-high hopes
Moderna's cancer vaccine worked, but results leaked and confirmed the same day fell short of hopes built into a stock up about 8× this year before the drop.