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Lionsgate, Snap, Frontier Moves Rock Tech Stocks

Wall Street Journal Markets •
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Lionsgate falls 6.8% as analysts note the studio’s film slate and library demand outweigh a potential Netflix bid. Baird stresses the company can chase growth on its own, turning the acquisition chatter into another way to lift shares. The drop follows a Tuesday rally that left the stock just under $20.

Snap introduced its Specs AR glasses at a surprisingly low $2,195 price point, yet the high cost and heft keep the device out of mainstream reach. Industry watchers cite the benchmark and battery life gaps that dampen appeal. Shares dipped 4.4% to $4.93.

Frontier secured $915 million in fresh funding from Stripe, Google, Shopify, Salesforce, Anthropic and H&M, pushing its total commitment to $1.8 billion. The advance‑market pledge signals robust demand for carbon removal tech, nudging investors toward the field. Meanwhile, Technoprobe shares rose 3.2% as Samsung and Intel’s chip‑maker demand lifts the broader testing‑equipment market.

Cryptocurrency prices fell after the Fed kept rates unchanged. Bitcoin slid 1.2% to $65,301, Ethereum dropped 2.3% to $1,761, and Solana fell 1.4% to $73.09. Traders wary of higher inflation and a new Fed chair’s remarks steered a cautious stance, underscoring the link between macro policy and risk‑asset volatility.