Wolfspeed said it has filed for Chapter 11 bankruptcy protection, as the chipmaker grapples with huge debt amid slowing demand from electric vehicle and industrial markets. The shares soared about 86% in premarket trading.
AeroVironment shares fell 7.7% in premarket trading after the defense technology company announced plans to raise as much as $1.35 billion through public offerings of stock and convertible debt.
Quantum Corporation stock fell over 7% in premarket trading after the company announced it would delay filing its annual report for the fiscal year ended March 31, 2025.
Space stocks jumped in premarket trading. Ondas Holdings up 3%; Rocket Lab up 2%, Virgin Galactic up 1.8%.
BigBear.ai shares gained another 4% in premarket trading. The shares surged 16% in prior session on major airport, defense contracts.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.