GoPro Jumps 40% After Merger, AI Pivot Into Data Centers And Defense

According to CNBC, GoPro shares surged 40% after the company announced a merger and said it will expand into the data center and defense markets. Stock futures were mixed after Wall Street's down session, while West Texas Intermediate futures climbed above $90 a barrel and the 10-year U.S. Treasury yield reached its highest level since November 2023 as U.S.-Iran strikes, oil prices and inflation worries weighed on markets. U.S. Energy Secretary Chris Wright said more than 17 million barrels of oil crossed the Strait of Hormuz on Monday, and Treasury Secretary Scott Bessent said the U.S. bond market has been the best-performing among major countries. Dell Technologies rose nearly 9% before the bell after beating second-quarter expectations and lifting its fiscal 2027 forecast on strength in its AI server business, while Palo Alto Networks beat estimates and said it will buy AI agent startup Console. Stan Kroenke said he is buying a controlling stake in the Los Angeles Angels from the Moreno family in a deal a source valued at $4 billion.