Meta's stock price surged over 9% at the opening, reportedly due to plans to enter the cloud computing market.
Related
Metaplanet cuts Series 10 stock pool by 41%, plans Hong Kong subsidiary
Metaplanet will cut 131.3 million potential shares and form a $1 million Hong Kong subsidiary for trading in Bitcoin, equities and credit products.
SpaceX shares fell 6.83%, dropping below its opening price on its first day of trading.
PANews reported on July 8th that, according to Jiemian News, SpaceX closed at $149.47 on July 7th (Eastern Time), a sharp drop of 6.83% for the day. The stock price fell as low as $149.09 during the session, marking a new low since its Nasdaq listing on June 12th and falling below its opening price of $150 on its first day of trading, though still above its IPO price of $135. This occurred on the same day as the stock's official inclusion in the Nasdaq 100 index, which should have been a positive window for passive capital inflows. However, the stock price moved in the opposite direction, compounded by a broader market correction in tech stocks, pushing the stock into a deep correction phase.
Metaplanet’s executive stock pool sparks shareholder backlash as CEO addresses MMXX ties
Metaplanet’s executive stock pool continues to draw backlash over dilution concerns, as investors urged the company to freeze the exercise rights tied to 273 million shares.
Jingce Electronics: Plans to acquire a portion of the equity of Shanghai Jingce and raise supporting funds; stock trading suspended.
According to Mars Finance, Jingce Electronics announced that it is planning to acquire a portion of the equity of its holding subsidiary, Shanghai Jingce Semiconductor Technology Co., Ltd., through a combination of share issuance, convertible bonds, and cash payment, and to raise supporting funds. This is expected to constitute a major asset restructuring and related-party transaction. Due to the uncertainty of the matter, the company's stock and convertible bonds (Jingce Convertible Bond 2) will be suspended from trading on July 9, 2026. The transaction plan is expected to be disclosed within 10 trading days.
Zhipu surged over 14% intraday after announcing plans to develop its own chips.
According to BlockBeats, on July 8th, Bitget data showed that Hong Kong-listed Zhipu Technology surged over 14% intraday, following its earlier disclosure that it was considering developing its own chips. Furthermore, nearly 70% of Zhipu's investors indicated they would hold the stock long-term.
Ruwei Technology's stock price fell nearly 17% on its first day of trading on the Hong Kong Stock Exchange, closing at HK$18 per share.
Mars Finance reported on July 8th that Ruwei Technology's stock price fell nearly 17% on its first day of trading on the Hong Kong Stock Exchange, closing at HK$18 per share. (Science and Technology Treasure Broadcast)