Key facts
- Nebius stock surged 14% to a new 52-week high after Nvidia CEO praise.
- Solidion Technology's stock surged nearly 199% after unveiling its Gen-ECB battery platform.
- The Gen-ECB battery platform operates from -80°C to +60°C and uses graphene for thermal regulation.
- Hyliion Holdings stock surged to a new 52-week high of $7.60, a 250% gain over six weeks.
- Hyliion's KARNO generator technology has nearly 750 cores under non-binding LOIs representing $400 million in potential revenue.
- Merlin stock surged 32.71% after completing a Critical Design Review for its C-130J autonomy program.
- Merlin's contract with USSOCOM has a ceiling exceeding $100 million.
- Victoria's Secret reported a 15% increase in quarterly revenue to $1.56 billion.
- Victoria's Secret shares surged over 40% to a record high.
- SanDisk stock surged over 6.7% to a new all-time high of $1,861.
- Morgan Stanley raised its price target for SanDisk to $1,750.
- Barclays upgraded SanDisk stock to Overweight.
A wave of stock rallies swept across various sectors, with technology, aerospace, and retail companies reporting significant gains. Nebius shares surged 14% to a new 52-week high following praise from Nvidia CEO Jensen Huang for its role in AI cloud infrastructure, highlighting investor interest in specialized "neocloud" providers utilizing Nvidia GPUs. Solidion Technology experienced a dramatic nearly 199% stock increase after unveiling its Gen-ECB battery platform, designed for extreme temperatures (-80°C to +60°C) and targeting applications like LEO AI data centers and lunar infrastructure, leveraging over 385 patents and a U.S. supply chain. Hyliion Holdings also reached a new 52-week high, gaining 250% over six weeks, as CEO Thomas Healy positions its KARNO generator technology for on-site electricity generation for AI data centers, with nearly 750 KARNO cores under non-binding LOIs representing potential revenue of $400 million. Merlin's stock jumped 32.71% after completing a Critical Design Review for its C-130J autonomy program with USSOCOM, advancing the program to aircraft integration and testing phases under a contract potentially exceeding $100 million; TD Cowen initiated coverage with a Buy rating and an $11 price target. Virgin Galactic shares achieved a 52-week high following a disclosure of a significant stake and an update on its testing program. Anterix stock hit an all-time high of $67.33. SanDisk stock rose over 6.7% to a new all-time high of $1,861, supported by analyst upgrades from Morgan Stanley and Barclays, and bullish sentiment on the NAND memory market for AI. Twilio stock also reached a 52-week high of $203.97. In the retail sector, Victoria's Secret shares rallied over 40% to a record high after reporting a 15% increase in quarterly revenue to $1.56 billion and beating profit estimates, alongside raising its annual forecasts. B&M European Value Retail Plc's stock surged, triggering a short squeeze after reporting better-than-expected earnings. GameStop announced record profits, while IREN signed a new deal related to data center development. Other companies experiencing stock increases include Revolution Medicines, Zscaler on strong demand and results, Swedencare after a capital markets day update, RBC Bearings amid geopolitical volatility, and Braiin (BRAI) which finalized a $33.6 billion deal, leading to a 78% stock increase over the week. Redwire Corp. initially saw a stock decrease but later experienced a sharp increase, though reasons were not detailed for either movement. AST SpaceMobile stock rose 53.5% in June, and another unnamed stock surged 400% on space battery news. Tandem Diabetes rose on a Wells Fargo upgrade to overweight with a raised price target.