Deep Fission drops after Iceberg Research short report (FISN:NASDAQ)

Deep Fission (FISN) rose about 8.1% after it said the U.S. Department of Energy approved its Nuclear Safety Design Agreement for its underground gravity SMR. The company said the approval supports advancing its reactor design. The move is tied to DOE safety-design clearance, which investors may view as progress toward development.

Deep Fission Inc., which is developing an underground Gravity Reactor in Parsons, Kansas, plans an IPO of 2.5 million shares to raise more than $40 million, according to an SEC filing. It previously targeted about 6 million shares at $24–$26, but revised the offering to $16–$18. The company seeks Nasdaq listing under FISN and says its reactor is unproven; it drilled its first well and plans NRC licensing in early 2027.

Indonesia's stock market dropped 11.57% after MSCI proposed removing it from global indexes due to governance concerns. The Jakarta Composite Index fell to 5,185.11, with steep losses across major stocks. MSCI cited opaque shareholding structures and weak enforcement. This follows earlier warnings and halts in January. The market has fallen over 30% in 2026.

Barclays downgraded Dell, HPE, and NetApp, citing weak enterprise AI spending. Dell fell 11.6%, HPE 5%, and Oracle 9-10%. Barclays cut Dell's target to $574 and HPE's to $77. The downgrades erased billions in market value, with concerns about AI hardware demand and debt financing.

Rocket Lab (RKLB) shares fell to $50.8, down 66% from their yearly peak, after delaying its Neutron rocket launch. The company reported strong Q2 revenue growth of 62% to $234M and a backlog increase of 137% to $2.36B. Analysts expect Q3 revenue to rise 65% to $257M. Technical indicators suggest further downside potential.

Tesla (TSLA) announced its new Roadster, set for 2028 production, causing a 5% premarket stock rise. The company's GF Value™ suggests a 5.4% premium over its estimated intrinsic value, with a GF Score™ of 87/100. Insiders sold $87.7M in shares, while 16 premium gurus hold TSLA, with a net positive addition of 2 gurus. The Roadster aims to bolster Tesla's luxury EV lineup, though analysts have mixed views on its near-term revenue impact.