Roku Jumps on Takeover Speculation; Burry Exits Big Tech Shorts While Betting Against Chips; Solar Stocks Surge on Inflation Optimism
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Roku stock surged on takeover speculation from DA Davidson citing potential suitors like Amazon, Apple, Google, Meta, and Netflix.
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C3.ai expanded collaboration with Amazon Web Services to deliver AI solutions across sectors.
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Michael Burry's Scion Asset Management exited bearish bets against S&P 500 and Nasdaq while shorting semiconductors.
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Solar stocks like Enphase Energy, First Solar, and SolarEdge jumped on lower inflation boosting optimism about Fed rate hikes.
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Pfizer faced concerns as a study showed higher COVID rebound incidence in Paxlovid patients versus prior estimates.