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SpaceX Falls, Micron Gains, Alphabet Drops After Jumper Departs Google DeepMind
Description
On this episode of Stock Movers:
- SpaceX (SPCX) shares slipped for a third straight day after the company said it is selling investment-grade bonds for the first time to fund its artificial-intelligence ambitions. The company is seeking to raise at least $20 billion from the first bond offering, according to Bloomberg.
- Micron (MU) shares gain. Micron entered into a strategic agreement with Anthropic that includes memory and storage AI architecture design collaboration, a supply agreement, enterprise AI adoption and a strategic investment in Anthropic’s Series H funding round.
- Alphabet (GOOGLE) shares drop. The departure of John Jumper from Google DeepMind for Anthropic is contributing to a dip in the communication services sector. Jumper was one of two DeepMind scientists who won the Nobel Prize in chemistry in 2024 for using AI to predict protein structures.
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