• GE Vernova (NYSE: GEV) surged to a new 52-week high on its dominant position in power infrastructure amid surging AI data center demand.
• GE Vernova (NYSE: GEV) is climbing to new highs even as the broader utilities ETF, XLU, trades modestly lower.
• Circle Internet Group (NYSE: CRCL) shares are rebounding from recent lows near $62 to $63 after a roughly 40% drawdown tied to the Open USD stablecoin consortium.
• O'Reilly Automotive (NASDAQ: ORLY) shares are down roughly 6.6%, nearing a 52-week low of $84.76, underperforming both XLY and the S&P 500.
• O'Reilly Automotive (NASDAQ: ORLY) has fallen roughly 6.6% toward its 52-week low even as underlying fundamentals remain healthy.
• CrowdStrike (NASDAQ: CRWD) shares are touching fresh 52-week highs, riding a broader software infrastructure rebound with the Nasdaq up over 21% last quarter.
• CrowdStrike (NASDAQ: CRWD) shares are climbing despite a notable split in analyst sentiment on valuation.
• Western Digital (NASDAQ: WDC) shares surged as investors bought the dip following last week's chip sector selloff.
• Western Digital (NASDAQ: WDC) posted gross margins above 50% for the first time last quarter, with free cash flow margins approaching 30%.
• ON Semiconductor (NASDAQ: ON) is rallying alongside AMD, up over 9%, and TSMC, up about 4.8%, as the chip sector rebounds broadly.