markets

Nia Warfield6/17/25

T-Mobile sinks after SoftBank dumps $4.9 billion of its stock in the telecom giant

T-Mobile shares fell over 4% Tuesday after SoftBank sold off a big chunk of its stake in the telecom company.

The Japanese tech conglomerate offloaded 21.5 million shares at $224 each, at the low end of the expected $224 to $228 range, raising about $4.9 billion. For perspective on how big the sale is, it represents about 1.9% of T-Mobile’s public stock. Still, SoftBank owned 85.4 million shares, or 7.5% of T-Mobile, as of March 31.

It’s the largest US block trade since TD Bank sold a $13 billion stake in Schwab back in February.

SoftBank says the sale will help fund its growing wave of AI investments. Founder Masayoshi Son has been all in on artificial intelligence. He’s reportedly overseeing an up to $30 billion investment into OpenAI and partnering with the ChatGPT maker on a global data center buildout known as Stargate. The plan, which could funnel hundreds of billions into AI infrastructure, had hit a speed bump as debt financing got tricky amid tariff uncertainty.

T-Mobile shares are still up 24% over the past 12 months.

SoftBank Sells T-Mobile Stake for $4.8 Billion to Bet on AI

T-mobile store

It’s the largest US block trade since TD Bank sold a $13 billion stake in Schwab back in February.

SoftBank says the sale will help fund its growing wave of AI investments. Founder Masayoshi Son has been all in on artificial intelligence. He’s reportedly overseeing an up to $30 billion investment into OpenAI and partnering with the ChatGPT maker on a global data center buildout known as Stargate. The plan, which could funnel hundreds of billions into AI infrastructure, had hit a speed bump as debt financing got tricky amid tariff uncertainty.

T-Mobile shares are still up 24% over the past 12 months.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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