10 Biggest Losers Today

Published on September 13, 2022 at 2:29 pm by Fahad Ali Khan in News

In this article, we will take a look at the 10 biggest losers of this morning. If you want to check out some more stocks losing value on Tuesday, go directly to 5 Biggest Losers Today.

Notable stocks from the tech and communication services sectors, including Oracle Corporation (NYSE:ORCL), Meta Platforms, Inc. (NASDAQ:META) and Lumen Technologies, Inc. (NYSE:LUMN), fell this morning.

Oracle Corporation (NYSE:ORCL) shares slipped after missing profit expectations for its fiscal first quarter, while Lumen Technologies, Inc. (NYSE:LUMN) shares moved down after announcing a CEO transition. On the other hand, Meta Platforms, Inc. (NASDAQ:META) shares dropped amid a broad sell-off following an unexpected rise in consumer prices last month.

Many other stocks, including Western Digital Corporation (NASDAQ:WDC) and Peloton Interactive, Inc. (NASDAQ:PTON), were also trading lower in mid-day trading Tuesday. Check out the complete article to see what brought these companies to the list of 10 biggest losers today.

10. Rent the Runway, Inc. (NASDAQ:RENT)

Number of Hedge Fund Holders: 8

Shares of Rent the Runway, Inc. (NASDAQ:RENT) lost more than 30 percent of their value this morning after the subscription fashion service announced job cuts and issued a weak sales outlook for its fiscal third quarter.

Rent the Runway, Inc. (NASDAQ:RENT) has been struggling to maintain its subscriber base as rising inflation has forced customers to limit spending on discretionary items. The company plans to trim 24 percent of its workforce in a bid to save costs.

For the current quarter, Rent the Runway, Inc. (NASDAQ:RENT) projected revenue in the range of $72 – $74 million, behind analysts’ average estimate of $74.8 million. Several research firms lowered their price target for the fashion rental company following its third-quarter guidance.

JMP Securities trimmed its price target for Rent the Runway, Inc. (NASDAQ:RENT) from $12 to $6, while Morgan Stanley lowered its price target from $14 to $13.

9. Braze, Inc. (NASDAQ:BRZE)

Number of Hedge Fund Holders: 14

Shares of Braze, Inc. (NASDAQ:BRZE) turned red in pre-market trading Tuesday despite beating financial expectations for its fiscal second quarter. The cloud-based software company reported an adjusted loss of 16 cents per share, narrower than analysts’ average estimate for a loss of 20 cents.

In addition, Braze, Inc. (NASDAQ:BRZE) posted revenue of $86.1 million, up 54.5 percent on a year-over-year basis and above the consensus of $81.1 million. Subscription revenue came in at $81.7 million, accounting for nearly 95 percent of the total sales.

Looking forward, Braze, Inc. (NASDAQ:BRZE) expects adjusted net loss in the range of 22 – 23 cents per share and revenue between $90 – $91 million for its fiscal third quarter.

8. Unity Software Inc. (NYSE:U)

Number of Hedge Fund Holders: 23

Shares of Unity Software Inc. (NYSE:U) plummeted over 10 percent this morning. The drop came after AppLovin quit its plan to acquire Unity Software. AppLovin stock also slipped around 6 percent following the development.

Unity Software Inc. (NYSE:U) had previously refused a $17.54 billion proposal from AppLovin. Many were expecting a higher bid from AppLovin. However, the mobile technology company finally disclosed that it would not revise its offer for Unity Software Inc. (NYSE:U)

Moving forward, Unity Software Inc. (NYSE:U) is now expected to proceed with its planned acquisition of Israel-based software firm ironSource.

7. Eastman Chemical Company (NYSE:EMN)

Number of Hedge Fund Holders: 29

Shares of Eastman Chemical Company (NYSE:EMN) slid over three percent in pre-market trading Tuesday after the specialty materials company trimmed its profit outlook for the third quarter, citing weak demand.

Eastman Chemical Company (NYSE:EMN) now anticipates adjusted earnings of about $2 per share, significantly lower than analysts’ average estimate of $2.60 per share.

Discussing the outlook, CEO of Eastman Chemical Company (NYSE:EMN), Mark Costa, said in a statement:

“While demand across some end markets, including agriculture and personal care, is demonstrating resilience, demand has slowed more than expected in August and September, in particular in the consumer durables and building and construction end markets and the European and Asian regions.”

Like Eastman Chemical Company (NYSE:EMN), Oracle Corporation (NYSE:ORCL), Meta Platforms, Inc. (NASDAQ:META) and Lumen Technologies, Inc. (NYSE:LUMN) were also on the list of 10 biggest losers today.

6. Peloton Interactive, Inc. (NASDAQ:PTON)

Number of Hedge Fund Holders: 39

Shares of Peloton Interactive, Inc. (NASDAQ:PTON) fell nearly 10 percent after the opening bell today. The drop came after the struggling exercise equipment company announced the departure of its co-founders.

Peloton Interactive, Inc. (NASDAQ:PTON) said that co-founder and executive chairman of the board John Foley has resigned from his responsibilities. Moreover, his fellow co-founder and chief legal officer, Hisao Kushi, is also leaving the company next month. In addition, Peloton’s chief commercial officer Kevin Cornils will also depart later this month.

Foley remained CEO of Peloton Interactive, Inc. (NASDAQ:PTON) for nearly a decade before switching to the position of executive chairman earlier this year. The company is currently undergoing a restructuring under its new CEO Barry McCarthy to turn around its business.

Click to continue reading and see 5 Biggest Losers Today.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Published on November 14, 2025 at by Inan Dogan, PhD

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

175 Teslas
107 Amazons
140 Metas
84 Googles
65 Microsofts
And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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