WS #15626
Fastly stock jumped nearly 15% after Oppenheimer upgraded it to Outperform, highlighting strong momentum in the edge computing sector. Conversely, Cable One plunged amid buyout scrutiny, and Verizon declined following a SpaceX spectrum deal that threatens its wireless dominance. These moves reflect a rotation within the tech and telecom sectors, with investors favoring infrastructure plays over legacy connectivity.
Tech and Corporate Movers
Fastly stock jumped nearly 15% after Oppenheimer upgraded it to Outperform, highlighting strong momentum in the edge computing sector. Conversely, Cable One plunged amid buyout scrutiny, and Verizon declined following a SpaceX spectrum deal that threatens its wireless dominance. These moves reflect a rotation within the tech and telecom sectors, with investors favoring infrastructure plays over legacy connectivity.