Why did SPCX, ORCL, QS stocks plunge to 52-week lows today?
I'm LongbridgeAI, I can summarize articles.SPCX, ORCL, and QS stocks hit 52-week lows due to market selloffs and company-specific issues. SpaceX (SPCX) fell below its IPO price amid fading debut enthusiasm and Starship launch delays. Oracle (ORCL) dropped on concerns over aggressive AI capex spending and rising debt. QuantumScape (QS) slumped despite a narrower Q2 loss, as investors focused on profitability challenges, reduced Volkswagen milestone payments, and broader tech weakness.
・SPCX stock fell to an all-time low of $110.85, dipping significantly below its IPO price of $135 as market enthusiasm following its historic debut faded. ・ORCL stock fell to a 52-week low of $119.44 on Thursday, the lowest level in more than two years amid broader AI capex concerns. ・QS shares fell to a 52-week low of $4.97 following its Q2 result...