Shares of Tower Semiconductor (NASDAQ:TSEM) fell more than 6% in New York trading on Thursday, caught in a broader selloff across chip stocks, even as analysts pointed to new expansion plans that could drive longer-term upside.
Analysts at Wedbush Securities said Tower’s plans to expand cleanroom capacity for silicon photonics (SiPh) and silicon-germanium (SiGe) production suggest growing confidence that demand will exceed its existing optics-focused investments.
Shares of Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) fell about 7.8% on Thursday afternoon, pressured by a series of legal setbacks, fresh layoffs and lingering investor concerns over elevated capital spending.
The decline came as the broader “Magnificent 7” technology group retreated, adding to downward pressure on the social media giant’s stock.
Reddit Inc (NYSE:RDDT) is rolling out new identity verification features aimed at confirming users are human while maintaining user privacy.
The changes include mandatory age checks in some regions, optional “verified profiles,” and the potential use of biometric tools such as Face ID to help distinguish people from automated accounts.
Wave Life Sciences (NASDAQ:WVE) saw its shares fall more than 52% following the release of six-month Phase 1 data for WVE-007, its investigational INHBE GalNAc-siRNA therapy, despite results showing improvements in body composition and continued safety and tolerability.
The Phase 1 INLIGHT trial reported that a single 240 mg dose of WVE-007 produced placebo-adjusted reductions of 14.3% in visceral fat, 5% in total fat, a 2% increase in lean mass, a 3.3% reduction in waist circumference, and a 0.9% reduction in body weight after six months.
Shares of Pony.ai (NASDAQ: PONY) dropped 13.6% on Thursday after the autonomous vehicle developer reported fourth-quarter results showing mixed performance.
The company posted a $75.5 million GAAP net profit, but the gain was largely due to a $132.5 million paper profit on trading securities. Core non-GAAP operating losses widened to $65.9 million as Pony.ai front-loaded investments to expand its fleet.
G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF, FRA:W97) has reported strong financial and operating results for the fourth quarter and full year 2025, driven by its Tocantinzinho (TZ) gold mine in Brazil completing its first full year of commercial production.
For the full year, the company produced 171,871 ounces of gold, slightly below the lower end of its guidance range due to a slower ramp-up early in the year and lower head grades, partly offset by improved recovery rates. Metallurgical recoveries averaged 90.6%, exceeding guidance.
Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF) shares jumped over 14% after it revealed a new strategic partnership with British Gas owner Centrica PLC (LSE:CNA) and reported full-year results broadly in line with expectations.
The hydrogen and fuel cell technology developer said the partnership will combine its solid oxide fuel cell technology – currently able to generate electricity from natural gas and designed to also use other fuels such as biogas and hydrogen in the future – with the British Gas owner's energy supply and trading platform, targeting businesses struggling to secure grid connections fast enough to meet growing power demands.